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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
KEJAR MIMPI
ASPIRATION BECOMES INSPIRATION
FOR INDONESIA
ANNUAL REPORT
PT Bank CIMB Niaga Tbk
PT Bank CIMB Niaga Tbk | 2023 Annual Report I
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Perfomance Management Company Management Risk Highlight Report Profile Discussion & Analysis Management METHOD OF PREPARATION AND ABOUT THE ANNUAL REPORT The 2023 Annual Report of CIMB Niaga has been prepared in accordance with all applicable provisions regarding the submittance of disclosable information. This Annual Report is divided into chapters that cover the main overviews, management reports, company profiles, management discussion and analysis, risk management, business support reviews, and corporate governance. DISCLAIMER AND LIMITATION OF LIABILITY Except for historical matters, this Annual Report contains operational, financial, projection, and plan statements, implementation of strategies and policies, and CIMB Niaga’s objectives, all of which are classified as forward-looking statements regarding the implementation of applicable laws and regulations. These statements are subject to risk and uncertainty, and actual performance may differ materially from those predicted. These forward-looking statements are based on various assumptions involving current conditions and include predictions as to future conditions in the business environment in which the Bank operates. CIMB Niaga does not guarantee that documents whose validity has been confirmed will produce the expected results. II PT Bank CIMB Niaga Tbk | 2023 Annual Report
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#KEJARMIMPI
ASPIRATION BECOMES INSPIRATION
FOR INDONESIA
It all began with a sincere heart, progressing step
by step, crafting ideas and creation to answer the
call of the soul.
Turning aspirations into inspiration, creating
innovation and positive changes with CIMB Niaga.
Together, let’s pursue our dreams for Indonesia.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 1
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Our Strategy
CIMB Niaga implements its winning business strategies based on the 5-Pillar Strategy that is aligned with the Bank’s
vision, mission, and values.
5-PILLAR STRATEGY
1 Playing to Our
Strengths
2 Expanding the CASA
Franchise
3 Discipline in Cost
Management
Preservation of
4 Capital and Balanced
Risk Culture
Leverage of
5 Information
Technology
2 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Progress of 5-Pillar Strategy Implementation
Pillar Pillar
1 Retail loans (Consumer and SME) continue to grow 2 As one of the strategic priorities, CASA Ratio
faster with contribution to total loans reaching continues to increase from 55.35% in 2019 to
45.36% in 2023 from 39.00% in 2019. 63.86% in 2023.
(%) (%)
45.36 63.86
45.30 63.57
44.74 61.34
43.05 59.62
39.00 55.35
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Pillar Pillar
3 Improving operational efficiency with consistent 4a Maintaining a solid capital position with an
reduction in Cost to Income Ratio (CIR) from increase in the Capital Adequacy Ratio (CAR) from
49.07% in 2019 to 44.83% in 2023. 21.46% in 2019 to 24.02% in 2023.
(%) (%)
49.07 24.02
48.95 22.68
45.88 22.19
44.91 21.92
44.83 21.46
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Pillar Pillar
The commitment to improving customer
4b Significant improvement in gross Non-Performing 5
experience has resulted in an increase in the
Loans (NPL) Ratio from 2.79% in 2019 to a record-
transaction contribution via digital channels from
low of 1.96% in 2023.
23.83% in 2019 to 70.19% in 2023.
(%) (%)
3.62 70.19
3.46 66.35
2.80 52.99
2.79
35.41
1.96
23.83
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
PT Bank CIMB Niaga Tbk | 2023 Annual Report 3
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Table of Contents
Method of Preparation and
Management
60 148
About The Annual Report Company
Discussion
Disclaimer and Limitation of Profile
and Analysis
Liability
1 Theme
2 Our Strategy 62 General Company Information 150 Review of 2022 Macro
63 CIMB Niaga At a Glance Economy
8 Theme Continuity
65 Name Change Information 154 Business Segment Review
10 Achievements of Financial Year
2023 65 Association Membership 154 Corporate Banking
11 Sustainability Performance 66 Milestones 158 Treasury and Capital
Highlights 2023 68 Corporate Vision, Mission, Markets
12 Our Digital Initiatives Culture and Core Values 161 Transaction Banking
70 Corporate Identity (Logo) 164 Commercial Banking
71 Organization Structure 167 Emerging Business Banking
75 Business Activities (EBB)
Financial and 78 Business Network and 169 Consumer Banking
14 Operational Data
Highlights
Operating Areas
177 Sharia Banking
80 Board of Commissioners’
Profiles 183 Operational Review
Per Business Segment
84 Board of Directors’ Profiles
15 Financial Data Highlights 184 Profitability of Each Business
89 Sharia Supervisory Board
Segment
18 Business and Subsidiaries Profiles
Operational Highlights 91 Information on the Changes in 185 Financial Review
19 Share Highlights Management Members After 186 Strategy in 2022
the 2022 Financial Year
21 Bonds, Sukuk, or Convertible 187 Electronic Network Coverage
Bonds Highlights 92 Senior Executives’ Profiles Expansion
107 Number of Employees and 189 Statements of Financial
23 Event Highlights
Competency Position
Development Data Statistics
206 Consolidated Statements of
111 Shareholder Composition
Profit and Loss and Other
116 Chronology of Comprehensive Income
Issuance and/or Listing of
28 Management
Report Share 212
212
Cash Flow Statements
Key Financial Ratios
117 Chronology of Other Securities
Listings 213 Prime Lending Rate
118 Corporate Group Structure 214 Commitments and
30 Report of The Board of 120 Subsidiaries, Associations, and Contingencies
Commissioners Joint Venture Companies
215 Brief Report of the Subsidiaries
40 Report of The Board of 123 List of Business Partnerships
218 Other Material Financial
Directors 123 Public Accountant and Public Information Analysis of Ability
54 Report of The Sharia Accounting Firm to Pay Debts and Receivables
Supervisory Board 124 Capital Market Supporting Collectibility
56 Annual Report Institutions and Professions 221 Significant Agreements
Responsibility Statement 124 Access to Bank Data and 222 Capital Structure of the Bank
Information
223 Investment Property
125 Website Information
223 Material Commitment on
127 Education and/or Training of
Capital Goods Investment
The Board of Commissioners,
Board of Directors, 223 Capital Expenditure
Committees, Corporate Realization in the Last Fiscal
Secretary and Internal Audit Year
Unit
224 Comparison of Targets and
140 Awards and Certifications Realizations in 2023
225 Projections for 2024
4 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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226 Dividend Distribution Policy
Corporate
227 Long-Term Compensation
Policy
254 Risk
Management 398 Governance
Report
228 Realization of the Use
of Proceeds from Public
Offering 256 Risk Management Focus 2022 400 Implementation of Cimb
228 Other Important Niaga’s Good Corporate
258 Risk Management Approach -
Transactions in Significant Governance
The Framework
Amounts 401 Basis, Guidelines, and
264 ICAAP (Internal Capital
228 Material Information and Objectives of GCG
Adequacy Assessment Process)
Facts subsequent to Audit Implementation
Report 266 Sharia Business Unit (SBU)
402 Stages of GCG Implementation
Risk Management
229 Significant Changes at 402 The Interrelation of GCG
the Bank and the Bank’s 267 Risk Profile & Soundness
Implementation with Bank
Business Group in the Rating of The Bank and
Performance
Related Year Consolidated
403 2023 Gcg Quality Improvement
229 Reported Financial 267 Integrated Risk Management
Information Containing 404 Milestone of CIMB Niaga’s GCG
268 Basel Implementation
Extraordinary and Rare 405 GCG Structure and Mechanism
Events 269 Recovery Plan Disclosure
of the Bank
229 Provision of Funds, 271 Anti Fraud Management (AFM)
407 GCG Implementation Assessment
Commitments, and Other 274 Basel II Pillar 3: Disclosure of
Facilities 410 General Meeting of
Capital, Risk Exposure, and
Shareholders
229 Significant Prohibition, Implementation of Bank Risk
Limitation, and Constraint to Management 424 Board of Commissioners
Transfer Funds Between the 278 Capital 437 Independent Commissioner
Bank and Other
Entities in the Business 290 Leverage Ratio 438 Board of Directors
Group 292 Credit Risk 454 Board of Commissioners and
229 Information on Material Board of Directors
333 Market Risk
Transactions Related to Performance Assessment
Investment, Expansion, 340 Liquidity Risk
458 Policy on The Diversity
Divestment, Acquisition, 355 Operational Risk of The Board of
and Restructuring Commissioners and The Board
360 Legal Risk
230 Material Transactions of Directors
Involving Conflicts of Interest 361 Reputational Risk
461 Nomination and Remuneration
and Transactions with 362 Strategic Risk Policy
Affiliated/Related Parties
363 Compliance Risk 469 Affiliate Relationships Among
234 Derivative and Spot the Board of Commissioners,
365 Intra-Group Transaction Risk
Transactions Board of Directors and
366 Rate of Return Risk Controlling Shareholders
235 Changes in Law and
Regulations with Significant 367 Investment Risk 470 Committees at the Board of
Effect on the Bank and Their Commissioners Level
367 Remuneration Policy
Impact on Financial Report
470 Audit Committee
243 Changes in Accounting
Policies 478 Risk Oversight Committee
245 Application of the Foreign 484 Nomination and
Supporting Remuneration Committee
370
Account Tax Compliance Act
(Fatca) & Common Reporting Business 490 Integrated Governance
Standards (Crs) Review Committee
246 Marketing Aspects 496 Committees Under the Board
249 Business Prospects of Directors
372 Human Resources
251 Business Continuity 502 Corporate Secretary
388 Operational and Information
Information Technology
PT Bank CIMB Niaga Tbk | 2023 Annual Report 5
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505 Internal Audit Unit (IA) 547 Providing Funds for Social and
Corporate
590
Political Activities
513 Compliance Management Unit Social
548 Protection of Creditor’s Rights Responsibility
518 Anti-Money Laundering
(AML), Counter-Terrorism 548 Transparency of The Bank’s
Financing (CTF) and Counter- Financial and Non-Financial
Proliferation Financing of Condition
Weapon of Mass Destruction
549 Reporting Integrity and
(CPFWMD) Program
Information Technology
524 Public Accountant Systems 593 Other Corporate
Data
525 Risk Management System 550 Conflict Management Policy
(Including Insider Trading)
529 Internal Control System
550 Shares and Bonds Buyback of
532 Important Cases 594 Office Network Addresses
CIMB Niaga
534 Administrative Sanctions
551 Customer Protection Policy
Imposed by Relevant
Authorities 552 Internal Fraud
535 Governance Framework, 555 Whistleblowing System
Management and Control of
Tax Aspects
558 Implementation of the ASEAN
Corporate Governance
603 Consolidated
Financial Statements
535 Anti-Bribery and Corruption Scorecard
Policy
559 Indonesian General Guidelines
537 Provision of Funds to Related for Corporate Governance 605 Consolidated Financial
Parties (PUGKI) Statements
538 Policy for Disclosure of 567 Implementation of Corporate
Information Regarding Share Governance Aspects
Ownership of Members of The and Principles for Public
Boards of Directors and Board Companies Pursuant to
922
of Commissioners Financial Services Authority Reference and
Provisions Index Rules/Criteria
538 Access to Corporate Data
and Information 571 Integrated Governance
Implementation Report
541 Goods and Services
Procurement Policy 579 Sharia Business Unit
Governance Report 922 Attachment to Financial
543 Code of Ethics and Code of
Services Authority Circular
Conduct 587 Transparency of Bad Corporate
Letter No. 9/SEOJK.03/2021:
Governance Practices
547 Corporate Values and Culture Transparency and Publication
587 Statement on Implementation of Conventional Commercial
of Good Governance Principles Bank Reports
926 SEOJK No. 16/SEOJK.04/2021:
The Form and Content of
Annual Report for Issuer and
Public Company
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Theme Continuity
2019 2020 2021
Race Foward Devotion Towards The Rise of
Towards a Better Indonesia Indonesia
Indonesia
Committed to our brand promise CIMB Niaga believes that consistency, Since it was founded, CIMB Niaga has
“Forward” with the “Kejar Mimpi” perseverance and devotion are been determined to present customers
spirit, CIMB Niaga is determined to key attributes to achieving dreams. with the innovations that make dreams
ignite the spirit of every generation to The Bank will continue to support come true. The Bank continues to
move forward together and aspires customers and other stakeholders and express its aspirations, to rise and be
to become the bank of choice in through innovations in products and creative in building a better Indonesia.
Indonesia that provides innovative and services. Working in unison will benefit
comprehensive banking solutions to Indonesia.
accelerate customer aspirations.
8 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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2022 2023
Indonesia
Kejar Mimpi
Berdaya
Aspiration become Inspiration
for Indonesia
Indonesia is a nation with a vigorous
fighting spirit. Thus, owning the ability It all began with a sincere heart, progressing step
to remain agile is crucial as it will by step, crafting ideas and creation to answer the
be passed on as a legacy for future
generations. call of the soul.
Together, let’s create a better future
by holding tight to tradition as identity. Turning aspirations into inspiration, creating
Live the aspirations and turn dreams innovation and positive changes with CIMB Niaga.
into reality with CIMB Niaga.
Together, let’s pursue our dreams for Indonesia.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 9
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Achievements of Financial Year 2023
Consolidated Net Profit (in trillion Rupiah) Loans (in trillion Rupiah)
Record-high consolidated net profit of Rp6.5 Total loan grew by 8.5% to Rp213.4 trillion, driven
trillion, an increase of 28.4% compared to 2022 net by strong growth in consumer, SME, and corporate
profit segments.
6.5 213.4
196.6
181.6
5.0
4.2
28.4 % 2021 2022 2023 8.5 % 2021 2022 2023
Deposit from Customers (in trillion Rupiah) CASA Ratio (%)
The Bank’s customer deposits increased 3.8% to CASA Ratio increased to 63.86%, expanded by
Rp235.9 trillion. 0.29% from 63.57% previously.
241.3 227.2 235.9 61.34 63.57 63.86
3.8 % 2021 2022 2023 0.29 % 2021 2022 2023
Cost to Income Ratio (CIR) (%) Gross Non-Performing Loan (NPL (%)
The cost to income ratio was 44.83%, improved Gross NPL Ratio decreased by 0.83% from 2.80%
from 44.91% in the previous year. in 2022 to a record-low of 1.96% in 2023.
45.88 44.91 44.83 3.46
2.80
1.96
0.08 % 2021 2022 2023 0.83 % 2021 2022 2023
Capital Adequacy Ratio (CAR) (%) Return on Equity (ROE Tier-1) (%)
Capital Adequacy Ratio (CAR) was 24.02%, Return on Equity (ROE-Tier 1) continued to grow
increased by 1.83% from 22.19% in the previous and improved by 2.42% to 15.02% from 12.59%
year. previously.
22.68 24.02 15.02
22.19
12.59
10.73
1.83 % 2021 2022 2023 2.42 % 2021 2022 2023
10 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Sustainability Performance Highlights 2023
Sustainability Commitment Sustainable Action
Net zero GHG emissions Contribution GHG Waste
for business operations through Emissions reduction
(Scope 1 and 2) by 2030 renewable energy reduction (tonnes
to total energy (Scope 1 and CO2e)**
usage 2)*
16% 18% 17
Net zero GHG emissions
(Scope 1, 2, and 3) by
2050
Phase out thermal-coal
financing by 2040
Sustainable Business
Sustainable financing Composition Potential of average GHG
No Deforestation, (KKUB) portfolio of KKUB emissions avoidance
No Peat, No Exploitation through digital banking
(NDPE). transactions (tonnes
CO2e)
Rp 55.45trillion 26% 120,000
Governance and Risk Advocacy and Stakeholders Engagement
Sector Current sectors targeted for Customer Customer Sustainable finance
Guidelines intervention to reduce GHG complaint Loyalty (Net training for the Board of
7
emissions towards a net zero settlement Promoter Score Directors and Board of
organization rate or NPS) Commissioners
Palm Oil
Power
99% 50% 100%
Coal
Cement
Corporate Social Responsibility
Training and empowerment for 223 MSME Impact of the Ayo Menabung dan
in Eastern Indonesia area. Berbagi program as well as Tour de
Bank (accumulated)
84% 16% 87,273 students
917
women male
6%
participants with schools
disabilities
Potential for the recycling of inorganic Potential accumulated carbon
waste from the A Better Climate anD sequestration from bamboo planted
Environment Program (ABCDE Challenge) by the Bank (tonnes CO2e)
2,227kg >7,600
Further detailed information is disclosed in the 2023 Sustainability Report which is published separately but is an
integral part of this Annual Report
*
With climate change mitigation efforts or the use of renewable energy through the purchase of the Renewable Energy Certificate (REC).
**
Reduction of waste or trash is stated as the potential equivalent of GHG emissions that can be avoided through the Zero Waste to Landfill initiative. The calculation method leverages
Graha CIMB Niaga’s waste data, starting from 2022.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 11
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01
Financial and
Operational Data
Highlights
15 Financial Data Highlights
18 Business and Subsidiaries
Operational Highlights
19 Share Highlights
21 Bonds, Sukuk, or Convertible
Bonds Highlights
23 Event Highlights
14 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Financial Data Highlights
FINANCIAL POSITIONS
(in million Rupiah)
Description 2023 2022 2021 2020 2019
Total Assets 334,369,233 306,754,299 310,786,960 280,943,605 274,467,227
Earning Assets-Net 396,220,269 351,099,533 336,250,284 336,406,803 338,955,548
Loans 213,369,870 196,611,014 181,613,420 174,754,593 194,237,351
Loans-Net 201,322,387 183,413,629 168,477,786 162,829,633 188,177,510
Marketable Securities (Including Securities 14,523,320 6,319,972 11,765,578 11,615,709 12,485,522
Purchased with Agreement to Re-Sell) - Net
Placement with Bank Indonesia and with Other 4,532,988 14,869,794 30,345,785 13,334,150 12,104,730
Banks - Net
Total Liabilities 285,031,862 261,478,036 267,398,602 239,890,554 231,173,061
Customer Deposits 235,861,670 227,188,557 241,348,510 207,529,424 195,600,300
CASA (Current Account Saving Account) 150,632,627 144,425,552 148,042,439 123,723,916 108,259,982
Current Account 73,201,803 70,340,016 75,477,306 55,862,547 48,943,913
Saving Account 77,430,824 74,085,536 72,565,133 67,861,369 59,316,069
Time Deposits 85,229,043 82,763,005 93,306,071 83,805,508 87,340,318
Borrowing and Deposits from Other Banks 8,048,972 5,931,421 5,032,757 3,834,989 4,011,599
Marketable Securities Issued 2,297,702 1,704,938 5,369,228 6,565,604 7,503,112
Subordinated Debts 155,619 228,311 226,143 224,184 1,821,175
Total Equities 49,337,371 45,276,263 43,388,358 41,053,051 43,294,166
PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
(in million Rupiah)
Description 2023 2022 2021* 2020 2019*
Interest and Sharia Income - Net 13,352,383 13,476,138 13,088,860 12,470,518 12,568,018
Other Operating Income 5,433,137 5,389,583 4,478,657 3,888,007 4,256,712
Total Operating Income 18,785,520 18,865,721 17,567,517 16,358,525 16,824,730
Impairment Losses on Financial and Non- (2,006,613) (3,813,709) (4,169,888) (5,403,886) (3,256,619)
Financial Assets - Net
Other Operating Expenses (8,583,527) (8,483,650) (8,132,754) (8,100,784) (8,275,364)
Net Operating Income 8,195,380 6,568,362 5,264,875 2,853,855 5,292,747
Profit Before Tax 8,357,272 6,579,332 5,337,581 2,947,420 5,312,897
Tax Expenses (1,805,871) (1,482,561) (1,124,720) (936,166) (1,400,712)
Net Income 6,551,401 5,096,771 4,212,861 2,011,254 3,912,185
Other Comprehensive Income After Tax 248,796 (904,213) (683,530) 1,278,553 744,539
Total Comprehensive Income 6,800,197 4,192,558 3,529,331 3,289,807 4,656,724
Net Income Attributable to:
Owner of Parent 6,474,195 5,041,781 4,214,597 2,012,401 3,914,404
Non-Controlling Interest 77,206 54,990 (1,736) (1,147) (2,219)
Total Comprehensive Income Attributable to:
Owner of Parent 6,723,316 4,135,356 3,531,067 3.290.954 4.658.943
Non-Controlling Interest 76,881 57,202 (1,736) (1,147) (2,219)
Earnings Per Share-Basic (in Rupiah full amount 259.45 202.21 169.06 80.72 156.92
per Share)
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CASH FLOW STATEMENT
(in million Rupiah)
Description 2023 2022 2021* 2020 2019*
Net Cash Provided from/(Used in) Operating (1,796,976) (16,360,431) 29,609,510 28,624,928 2,070,946
Activities
Net Cash (Used in)/Provided from Investing (5,998,437) 5,994,554 (9,043,175) (26,763,211) 1,694,831
Activities
Net Cash (Used in)/Provided from Financing 329,226 (4,938,480) (1,773,338) (6,583,642) 1,398,986
Activities
Net increase/(decrease) in cash and cash (7,568,533) (14,964,444) 18,977,246 (4,419,475) 4,729,674
equivalents
Cash and cash equivalents, beginning of period 32,051,715 47,016,159 28,038,913 32,458,388 27,728,714
Cash and cash equivalents, end of period 24,483,182 32,051,715 47,016,159 28,038,913 32,458,388
FINANCIAL RATIOS
Description 2023 2022 2021* 2020 2019*
I. Capital
Capital Adequacy Ratio (CAR)** 24.02% 22.19% 22.68% 21.92% 21.47%
CAR Tier I 22.89% 21.11% 21.61% 20.80% 20.20%
CAR Tier II 1.13% 1.08% 1.07% 1.12% 1.27%
Fixed Assets to Capital 19.90% 22.44% 21.79% 22.97% 18.73%
II. Assets Quality
Non Performing Earning Assets to Total Earning 1.14% 1.62% 1.90% 2.82% 2.42%
Assets
Non-Performing Loan Ratio (NPL) - Gross 1.96% 2.80% 3.46% 3.62% 2.79%
Non-Performing Loan Ratio (NPL) - Net 0.71% 0.75% 1.17% 1.40% 1.30%
Impairment Ratio 5.14% 7.09% 6.67% 6.03% 3.81%
Loan Loss Coverage (LLC) 292.11% 242.75% 212.10% 194.33% 113.60%
Cost of Credit (COC) 1.04% 1.85% 2.42% 2.83% 1.75%
III. Profitability
Return On Assets (ROA) 2.59% 2.16% 1.88% 1.06% 1.99%
Return On Equity (ROE)
ROE Shareholders’ Equity 14.03% 11.71% 10.21% 5.01% 9.35%
ROE Tier I 15.02% 12.59% 10.73% 5.33% 9.70%
Liability to Equity 577.72% 577.52% 616.29% 585.00% 534.00%
Liability to Assets 85.24% 85.24% 86.04% 85.00% 84.00%
Net Interest Margin (NIM) 4.40% 4.69% 4.86% 4.88% 5.31%
Non-Interest Income to Total Operating 28.92% 28.57% 25.49% 23.77% 25.30%
Income
Cost to Income Ratio (CIR) 44.83% 44.91% 45.88% 48.95% 49.07%
Operating Expenses to Operating Income (BOPO) 71.47% 74.10% 78.37% 89.38% 82.44%
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Description 2023 2022 2021* 2020 2019*
IV. Liquidity
Loan to Deposit Ratio (LDR) 89.30% 85.63% 74.35% 82.91% 97.64%
CASA Ratio 63.86% 63.57% 61.34% 59.62% 55.35%
V. Compliance
a. Legal Lending Limit (LLL) violation
percentage
Related parties 0.00% 0.00% 0.00% 0.00% 0.00%
Non-related parties 0.00% 0.00% 0.00% 0.00% 0.00%
b. Legal Lending Limit (LLL) exceeding percentage
Related parties 0.00% 0.00% 0.00% 0.00% 0.00%
Non related parties 0.00% 0.00% 0.00% 0.00% 0.00%
Cash Reserve Ratio (CRR)
a. Rupiah Main CRR
Daily 5.70% 3.03% 2.96% 2.36% 4.92%
Average 8.97% 9.60% 5.53% 3.16% 6.10%
b. Foreign currency CRR 4.09% 4.04% 4.07% 4.05% 8.08%
Overall Net Open Position (NOP) 3.05% 0.77% 1.22% 1.77% 3.63%
VI. Other Data
Number of Employees (Including Subsidiaries)*** 12,060 11,767 12,017 12,899 13,269
Operational Profit per Employee (in million Rupiah) 680 558 438 221 345
Number of Branch Offices (Unaudited)**** 412 417 427 451 451
Number of ATMs ( Unaudited)**** 3,893 4,207 4,481 5,250 5,452
*
Business as usual exclude:
2019: Voluntary Retirement Program (VRP)
2021: Exceptional Items
**
After Loan and Market Risk Calculations
***
Includes members candidates of the Board of Directors who will be effective after obtaining OJK approval and/or fulfillment of the requirements determined in the
OJK approval.
****
Includes Sharia Branch, Digital Lounge, Cash Mobile and Kioks.
*****
Includes CDM, MDM, and CRM.
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Business and Subsidiaries
Operational Highlights
(in trillion Rupiah)
Consumer Banking 2023 2022 2021 2020 2019
Total Customer Deposits 116.8 105.3 105.0 102.9 104.7
- Current Account 1.0 1.0 1.1 1.2 2.0
- Saving Account 72.3 67.1 66.5 62.0 56.4
- Time Deposit 43.4 37.1 37.4 39.7 46.3
Total Loan 71.8 67.2 60.1 55.1 54.1
Non-Interest Income (in billion Rupiah) 2,706 2,638 2,401 2,017 1,839
(in trillion Rupiah)
Corporate Banking 2023 2022 2021 2020 2019
Total Customer Deposits 60.5 68.8 85.0 55.8 46.6
- Current Account 39.8 42.2 46.9 30.0 23.9
- Saving Account 0.4 2.2 1.3 0.5 0.3
- Time Deposit 20.2 24.4 36.7 25.3 22.5
Total Loan 83.4 74.7 68.5 63.6 72.2
Non-Interest Income (in billion Rupiah) 1,367.6 1,018.0 816 692 645
(in trillion Rupiah)
Commercial Banking 2023 2022 2021 2020 2019
Total Customer Deposits 21.5 17.9 17.1 20.4 18.8
- Current Account 12.5 9.4 9.6 10.1 9.3
- Saving Account 0.8 0.8 0.9 1.0 0.8
- Time Deposit 8.2 7.6 6.7 9.3 8.8
Total Loan 33.1 31.9 31.8 35.9 46.5
Non-Interest Income (in billion Rupiah) 807 298 180 174 429
(in trillion Rupiah)
Transaction Banking 2023 2022 2021 2020 2019
Total Customer Deposits – Cash Management 110.0 110.6 121.3 90.0 80.2
- Current Account 75.6 75.4 76.8 57.2 50.2
- Time Deposit 34.4 35.2 44.5 32.8 30.0
Total Loan – Trade Finance 11.1 12.6 8.8 7.5 10.2
Non-Interest Income (in billion Rupiah) 560 573 579 510 522
(in trillion Rupiah)
Emerging Business Banking (EBB) 2023 2022 2021 2020 2019
Total Customer Deposits 37.1 35.3 34.3 28.4 25.5
- Current Account 20.1 17.8 17.9 14.6 13.8
- Saving Account 3.9 4.1 3.8 4.4 1.9
- Time Deposit 13.2 13.4 12.6 9.4 9.8
Total Loan 24.9 22.8 21.1 20.2 21.4
Non-Interest Income (in billion Rupiah) 277 245 189 234 478
(in trillion Rupiah)
Sharia Banking 2023 2022 2021 2020 2019
Total Customer Deposits 44.9 39.5 41.5 29.8 32.6
- Current Account 11.4 8.4 4.5 3.7 2.8
- Saving Account 14.9 11.9 10.8 10.5 7.4
- Time Deposit 18.6 19.3 26.2 15.7 22.4
Total Financing 55.2 47.2 37.0 31.9 33.1
Non-Interest Income (in billion Rupiah) 538 493 438 335 370
(in trillion Rupiah)
PT CIMB Niaga Auto Finance 2023* 2022 2021 2020 2019
Total Asset 11.3 9.3 4.9 3.5 3.6
Managed Asset/Loan 11.3 9.3 7.0 5.5 4.9
Profit before tax (in billion Rupiah) 561.1 424.3 309.7 274.5 298.9
(in billion Rupiah)
PT CIMB Niaga Sekuritas 2023* 2022 2021 2020 2019
Total Asset 566.8 292.1 261.5 277.8 308.3
Revenue 32.1 71.9 23.0 17.0 -
Profit before tax (15.1) 8.8 (30.1) (30.2) (39.3)
*)
Unaudited data.
18 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Share Highlights
INITIAL PUBLIC OFFERING
PT Bank CIMB Niaga Tbk (formerly PT Bank Niaga) conducted its Initial Public Offering, which was listed on
the Indonesia Stock Exchange, based on the approval of the Minister of Finance of the Republic of Indonesia
No. SI-057/SHM/MK.10/1989 dated 2 October 1989, In accordance with the Securities Issuance Agreement and the
Underwriting Agreement dated 29 September 1989, the Underwriter approved the issuance of 5,000,000 Registered
Common Shares with a nominal value of Rp1,000 per share, at an offering price of Rp12,500 per share.
Lead Underwriters: 4. PT Inter-Pacific Financial Corporation (Inter-Pacific);
1. PT First Indonesian Finance and Investment 5. PT Multinational Finance Corporation (MULTICOR);
Corporation (FICORINVEST); 6. PT Mutual International Finance Corporation (MIFC);
2. PT Bank Pembangunan Indonesia (BAPINDO); and 7. PT Private Development Finance Company of
3. PT Merchant Investment Corporation (MERINCORP). Indonesia (PDFCI);
8. PT Usaha Pembiayaan Pembangunan Indonesia
Underwriting Manager: (UPPINDO);
PT First Indonesian Finance and Investment Corporation 9. PT Aseam Indonesia (ASEAM); and
(FICORINVEST). 10. PT Danareksa (Persero).
Underwriting Participants: Supporting Institutions:
1. PT Finconesia; 1. Public Accountant, Drs, Siddharta & Siddharta;
2. PT Indonesian Finance and Investment Company (IFI); 2. Notary, Kantor Notaris Kartini Muljadi, SH; and
3. PT Indonesian Investment International (INDOVEST); 3. Legal Advisor, Tumbuan & Associates.
PT Bank Lippo Tbk, as a company that merged into PT Bank CIMB Niaga Tbk effective 1 November 2008,
conducted its Initial Public Offering based on the approval of the Minister of Finance of the Republic of Indonesia
No. SI-059/SHM/MK.10/1989 dated 2 October 1989. The offering consisted of 6,800,000 Registered Common Shares
with a nominal value of Rp1,000 per share, at an offering price of Rp15,000 per share, and was listed on the Indonesia
Stock Exchange.
STOCK TRADING PERFORMANCE
Opening Price Highest Price Lowest Price Closing Price Change Transaction Volume Value (in thousand Rupiah) Frequency
Month
2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022
January 1,185 965 1,195 990 1,115 940 1,180 950 -5 -15 67,615,200 90,839,100 78,172,395 87,333,739 15,918 13,727
February 1,180 950 1,270 1,060 1,180 945 1,240 1,055 60 105 131,177,600 236,069,400 161,502,112 234,722,941 23,184 31,504
March 1,235 1,060 1,280 1,125 1,180 1,015 1,270 1,115 35 55 128,232,800 228,804,200 157,947,326 246,062,745 25,078 30,461
April 1,270 1,115 1,335 1,185 1,195 1,035 1,240 1,065 -30 -50 210,506,700 346,374,600 270,800,895 388,532,096 35,971 47,122
May 1,250 1,065 1,485 1,065 1,230 995 1,440 1,040 190 -25 242,680,600 106,674,200 334,304,336 108,856,815 47,706 23,478
June 1,440 1,040 1,595 1,070 1,425 995 1,585 1,010 145 -30 109,275,400 138,829,600 166,739,846 142,222,726 29,736 24,886
July 1,600 1,000 1,710 1,060 1,570 980 1,690 1,045 90 45 191,838,400 119,480,400 310,404,843 120,349,111 48,035 18,425
August 1,700 1,050 1,815 1,165 1,650 1,035 1,700 1,135 0 85 178,943,100 188,308,600 307,969,831 208,656,223 59,290 28,819
September 1,700 1,135 1,740 1,155 1,620 1,050 1,690 1,070 -10 -65 99,788,700 125,217,100 168,763,005 139,609,597 33,758 19,622
October 1,690 1,070 1,790 1,160 1,625 1,040 1,730 1,140 40 70 225,841,400 104,074,900 382,120,855 114,905,018 47,723 18,101
November 1,735 1,140 1,765 1,210 1,690 1,130 1,705 1,165 -30 25 117,758,600 137,751,700 202,267,924 160,352,235 31,510 23,240
December 1,710 1,170 1,710 1,235 1,645 1,140 1,695 1,185 -15 15 100,656,600 95,234,700 169,285,903 113,902,144 26,042 19,961
PT Bank CIMB Niaga Tbk | 2023 Annual Report 19
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QUARTERLY STOCK PERFORMANCE
Price per Share (in Rupiah) Number Transaction Value Market
2023 of Outstanding Volume (in thousand Capitalization (in
Opening Highest Lowest Closing Shares (shares) Rupiah) trillion Rupiah)
1st Quarter 1,185 1,280 1,115 1,270 25,131,606,843 327,025,600 397,621,834 31.9
2st Quarter 1,270 1,595 1,195 1,585 25,131,606,843 562,462,700 771,845,078 39.8
3 Quarter
st
1,600 1,815 1,570 1,690 25,131,606,843 470,570,200 787,137,680 42.5
4st Quarter 1,690 1,790 1,625 1,695 25,131,606,843 444,256,600 753,674,683 42.6
Price per Share (in Rupiah) Number Transaction Value Market
2022 of Outstanding Volume (in thousand Capitalization (in
Opening Highest Lowest Closing Shares (shares) Rupiah) trillion Rupiah)
1 Quarter
st
1,000 1,245 825 995 25,131,606,843 985,515,100 1,091,154,749 25.0
2st Quarter 1,005 1,110 865 880 25,131,606,843 251,792,000 252,762,404 22.1
3st Quarter 880 1,075 865 975 25,131,606,843 502,628,400 495,782,321 24.5
4 Quarter
st
975 1,115 950 965 25,131,606,843 503,259,300 518,790,934 24.3
STOCK PRICE MOVEMENTS
Trading Volume and Closing Stock Prices During 2022-2023
(in Rupiah) (in million)
2,000 800
700
1,800 1,730
1,690 1,700 1,690 1,705 1,695
1,585 600
1,600
1,440 500
1,400
346.4 1,240 400
1,270
1,240
1,200 236.1228.8 1,165 1,185 1,180 242.7 300
1,135 1,140 225.8
1,070 210.5
1,040 1,010 1,045 191.8 178.9
1,000 1,115 200
950 1,055 1,065 131.2
188.3 95.2 100.6
67.6
138.8 119.5 125.2 137.7 128.2 117.7 100
800 106.7 104.1 109.3 99.8
90.8
Jan Feb Mar Apr Mei Jun Jul Ags Sep Okt Nov Des Jan Feb Mar Apr Mei Jun Jul Ags Sep Okt Nov Des
2022 2023
Transaction Volume (in million shares) - RHS Closing Stock Price (in Rupiah)
CORPORATE ACTION
Throughout 2023 and 2022, CIMB Niaga has not taken any corporate action such as stock split, reverse stock, stock
dividend, stock bonus, and change in nominal stock value. The Bank has also not issued new Bond/Sukuk.
STOCK TRADING SUSPENSION AND/OR STOCK DELISTING
Throughout the financial years of 2023 and 2022, CIMB Niaga has never been subject to stock trading sanction, including
stock trading and stock delisting on the Stock Exchange.
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Bonds, Sukuk, or
Convertible Bond Information
OUTSTANDING BONDS AND SUKUK
Value Securities Rating
Issuance Tenor (in Maturity Interest
Name of Bonds and Sukuk Currency Trustee
Date (Year) billion Date Rate 2023 2022 2021
Rp)
Subordinated Bond III 15 Nov 7 Rupiah 75 15 Nov 10.00% AA AA AA PT Bank
Bank CIMB Niaga Year 2018 2025 (Pefindo) (Pefindo) (Pefindo) Permata
2018 Series B Tbk
Shelf Registration Sukuk 21 Aug 5 Rupiah 429 21 Aug 8.25% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank 2019 2024 (Pefindo) (Pefindo) (Pefindo) Permata
CIMB Niaga Phase II Year Tbk
2019 Series C
Shelf Registration Bond 19 Dec 5 Rupiah 481 19 Dec 7.80% AAA AAA AAA PT Bank
III Bank CIMB Niaga 2019 2024 (Pefindo) (Pefindo) (Pefindo) Permata
Phase I Year 2019 Tbk
Series C
Subordinated Shelf 19 Dec 5 Rupiah 83 19 Dec 8.05% AA AA AA PT Bank
Registration Bond I 2019 2024 (Pefindo) (Pefindo) (Pefindo) Permata
Bank CIMB Niaga Phase I Tbk
Year 2019
Shelf Registration Sukuk 27 Mar 5 Rupiah 391 27 Mar 7.25% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank 2020 2025 (Pefindo) (Pefindo) (Pefindo) Permata
CIMB Niaga Phase III Tbk
Year 2020 Series C
Total Outstanding Bonds & Sukuk 1,459
MATURED AND SETTLED BONDS AND SUKUK IN 2022-2023
Value Securities Rating
Issuance Tenor (in Maturity Interest
Name of Bonds and Sukuk Currency Trustee
Date (Year) billion Date Rate 2023 2022 2021
Rp)
Shelf Registration Bond II 20 Sep 5 Rupiah 118 20 Sep 8.80% AAA AAA AAA PT Bank
Bank CIMB Niaga Phase IV 2018 2023 (Pefindo) (Pefindo) (Pefindo) Permata
Year 2018 Series C Tbk
Subordinated Bond III 15 Nov 5 Rupiah 75 15 Nov 9.85% AA AA AA PT Bank
Bank CIMB Niaga Year 2018 2023 (Pefindo) (Pefindo) (Pefindo) Permata
2018 Series A Tbk
Shelf Registration Sukuk 27 Mar 3 Rupiah 287 27 Mar 7.00% AAA(sy) AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank CIMB 2020 2023 (Pefindo) (Pefindo) (Pefindo) Permata
Niaga Phase III Year 2020 Tbk
Series B
Shelf Registration Bond III 19 Dec 3 Rupiah 1.066 19 Dec 7.55% AAA AAA PT Bank
Bank CIMB Niaga Phase I 2019 2022 (Pefindo) (Pefindo) Permata
Year 2019 Series B Tbk
Shelf Registration Bond II 2 Nov 2017 5 Rupiah 843 2 Nov 7.75% AAA AAA PT Bank
Bank CIMB Niaga Phase III 2022 (Pefindo) (Pefindo) Permata
Year 2017 Series C Tbk
Shelf Registration Bond II 23 Aug 5 Rupiah 822 23 Aug 8.15% AAA AAA PT Bank
Bank CIMB Niaga Phase II 2017 2022 (Pefindo) (Pefindo) Permata
Year 2017 Series C Tbk
Shelf Registration Sukuk 21 Aug 3 Rupiah 936 21 Aug 7.90% AAA(sy) AAA(sy) PT Bank
Mudharabah I Bank CIMB 2019 2022 (Pefindo (Pefindo Permata
Niaga Phase II Year 2019 Tbk
Series B
Total Matured Bonds & Sukuk 4,147
PT Bank CIMB Niaga Tbk | 2023 Annual Report 21
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CONVERTIBLE BOND INFORMATION
Until 31 December 2023, CIMB Niaga has not issued convertible bond.
COMPANY RATING
Rating Agency Category Rating
Outlook Positive
Counterparty Risk Rating Baa1/P-2
Bank Deposits Baa2/P-2
Moody’s Investor Service Baseline Credit Assessment Baa3
Adjusted Baseline Credit Assessment Baa2
Counterparty Risk Assessment Baa1(cr)/P-2(cr)
Issuer Rating Baa2
Outlook Stable
Corporate Rating idAAA
Pefindo Shelf Registration Bond Rating idAAA
Subordinated Bonds IdAA
Sukuk Mudharabah idAAA(sy)
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Event Highlights
Haya Festival Cathay Pacific Travel Fair
25 January - 24 February 2023 3-5 February - 4-6 August 2023
CIMB Niaga Syariah HAYA Festival “Bersama Bercahaya”as a The Cathay Pacific Travel Fair aims to increase the volume
flagship activity of CIMB Niaga Sharia was held on 25 Jan-24 of transactions and acquisitions as well as strengthening
Feb 2023 with several activities: Syariah Talk series, IG Reels customer loyalty and relationships with partners and
Competition and closed by local brand Bazaar and Concert. principals. Attended by internal staff, journalists, and
The Bazaar and Concert were attended by more than 1,000 partners (Cathay Pacific and Travel Agents), the activity,
customers. which was held twice in 2023, was attended by approximately
5,000 visitors.
Wealth Xpo 2023 Annual General Meeting of
Jakarta (2 March 2023), Bali (10 August 2023), Batam Shareholders (AGMS)
(7 September 2023), Pontianak (5 October 2023), Solo 10 April 2023
(16 November 2023)
RUPST 2023 CIMB Niaga was held on 10th April 2023 at
Wealth Xpo, as one of CIMB Niaga’s flagship events is Graha CIMB Niaga Jakarta and was attended by Bank
organized to increase public awareness in managing Management Committee or BMC (including Directors),
finances as well as introduce various characteristics of Board of Commissioners, Sharia Supervisory Board and
investment and protection products, which attracted more CIMB Niaga Shareholders.
than 3,000 visitors.
OPeRA 2022 Xtra Xpo
12 May 2023 19-21 May 2023
Carrying the theme “Being Great and Shining”, OPeRA XTRA XPO, this event provides exclusive offers for loyal CIMB
(Outstanding Performance Recognition Award) 2022 Niaga customers, as well as showcasing several interesting
awarded 234 individuals who were divided into several things, including the introduction of a new digital experience
award categories such as Sales Award, CX Award, Collection for customers. With the number of visitors reaching more
Award, Collection Award, Cross Sell Award and Innovation than 35,000 people in three cities, XTRA XPO also managed
Award. to receive a prestigious award from MURI for the Point
Exchange Program with the largest quota.
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Kejar Mimpi Lokal Berdaya (KMLB) Kejar Mimpi Concert For Indonesia
Makassar (15-16 July 2023), Solo (23-24 24 August 2023
September 2023), Denpasar (4-5 November 2023)
Kejar Mimpi Untuk Indonesia (KMUI) 2023 Concert “Cahaya
Pursuing the Empowered Local Dream (Kejar Mimpi Lokal dari Timur” that presented breath of Indonesian culture was
Berdaya/ KMLB) is one of CIMB Niaga’s flagship initiatives in appreciation for CIMB Niaga loyal customers. The Concert
2023. More than 1,500 entrepreneurs actively participated held on 24 August 2023 at The Ritz Carlton Pacific Place Hotel,
in various activities that enhanced their insight, such as Jakarta and was attended by more than 2,000 audiences.
Business Mentoring, Talkshows, and increasing transactions
through the Local Bazaar.
The Cooler Earth 2023 Mortgage Online Form Launching
13 September 2023 14 September 2023
With the theme “Sustainability in Action: Opportunities for a Mortgage Online Form Launching “Digitizing to the next
Better Tomorrow in Indonesia”, this event highlights various level” is an event to introduce Mortgage Online Form to
opportunities for individuals, businesses, and society, which valuable partners & media. The objective of this event is
can be seized from the transition to a more environmentally to increase brand awareness & media exposure, as well as
friendly economy and a fairer society. The 2023 Jakarta to strengthen relationship with partners and giving added
TCE was attended by more than 3,950 participants, both in value for their customers (fast & easy mortgage process, 30
person and online. minutes principal approval, self upload ID & NPWP photos).
Memorandum of Understanding 68th Anniversary Celebration
between CIMB Niaga and XL Axiata 26 September 2023
20 September 2023
All the BOC members and Bank Management Committees
(BMC) and staff gathered together to celebrate the
XL Axiata and CIMB Niaga succeeded in formalizing the anniversary the 68th Anniversary of CIMB Niaga. More than
collaboration through a Memorandum of Understanding 1,400 audience attended hybrid at Graha CIMB Niaga Tower
(MoU), which marked an important historical milestone and through Zoom. The birthday celebration included
in this collaboration. This event succeeded in achieving its Tumpeng Ceremony as gratitude symbol, birthday ceremony
goals of formalizing cooperation, holding an attention- with all out-region staff (hybrid), awarding ceremony to
grabbing event with extensive media coverage, providing a appreciate staff on their long service for CIMB Niaga.
formal and meaningful public commitment to collaborate, as
well as conveying important messages that effectively foster
positive public perception.
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CIMB Niaga Olympic 2023 Kejar Mimpi Action Nation
29 September 2023 – 1 October 2023 11 November 2023
In conjunction with CIMB Niaga’s 68 anniversary, CIMB Niaga
th
CIMB Niaga Kejar Mimpi Action Nation “Festival Penuh
organized the CIMB Niaga Olympic, which was held from 29 Aksi untuk Kejar Mimpi” was event oriented for the future
September to 1 October 2023. The Olympics was attended and targeted to young generation. Action Nation with
by almost 1,400 employees from various directorates and several activities like talk show, workshop, showcase local
work locations. This activity is aimed at strengthening sustainable product, CIMB Niaga exclusive promo, CIMB
and increasing engagement between the SHINE Club and Niaga Career Fair and live music performance, was attended
employees of various directorates to foster collaboration as by more than 1,800 audiences.
an implementation of the EPICC values and serves as a Hyfit
activity that promotes employee health and fitness.
Year-end Celebration 2023
14 December 2023
To conclude 2023, the staff of CIMB Niaga, CNAF, and CNS
gathered at the Bintaro office to celebrate the new year 2023.
The Company launched several initiatives and programs for
the coming year, including the inaugural launching of CIMB
Niaga’s newly built sports center called Gelora CIMB Niaga,
which located right at the location of the event (Bintaro), the
launch of “Diversity and Inclusivity”, Perspective by CIMB
Niaga, Awarding of EPICC Ambassadors, and the symbolic
handover of an Ambulance from CIMB Niaga Syariah to
Niaga Management Citra.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 25
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Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 26 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Review Report Responsibility Data Financial Report
PT Bank CIMB Niaga Tbk | 2023 Annual Report 27
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Performance Management Company Management Discussion Risk
Highlights Reports Profile and Analysis Management
02 Management
Report
28 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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30 Report of The Board of
Commissioners
40 Report of The Board of
Directors
54 Report of The Sharia
Supervisory Board
56 Annual Report
Responsibility Statement
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Report of The Board of Commissioners
Didi Syafruddin
Yahya
President
Commissioner
30 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Review Report Responsibility Data Financial Report
Dear Shareholders and Stakeholders,
The Board of Commissioners continuously monitors the
implementation of strategic policies established by the
Board of Directors, as well as providing support, advice and
guidance to achieve the objectives outlined in the Bank’s
Business Plan.
As mandated by the Bank’s Articles of Association MACROECONOMICS CONDITIONS IN 2023
and applicable laws and regulations, the Board of Global economic growth was losing some steam due to
Commissioners exercises its oversight functions and the increasingly high uncertainty and widening divergence
duties. It provides advice to the Board of Directors as in growth between countries. The International Monetary
they manage the Bank’s business with full responsibility. Fund (IMF) estimated that global economic growth in
Throughout fiscal 2023, we ensured that CIMB Niaga’s 2023 would reach 3.1%. With energy prices and food
banking operations were carried out in accordance with prices sloping downward and monetary policy tightening,
its stated business plan while remaining fully compliant both headline and core inflations globally eased in 2023.
with all applicable regulatory provisions. To control inflation, monetary policy interest rates in
developed countries, including the Federal Funds Rate
As the Board of Commissioners, we are committed to (FFR), remained relatively high over a longer period of
carrying out our oversight responsibilities to ensure time.
that the Bank is managed professionally and in the best
interests of its shareholders and other stakeholders. The domestic economy held up well against the
We remained objective and independent while fulfilling downward trend. Indonesia’s economy grew by 5.05% in
this inherent function, and we never intervened in 2023. This figure was considered positive given the tight
the decision-making process except as required by all monetary policy implemented by Bank Indonesia and
relevant regulatory provisions. most of the world’s central banks.
In this Annual Report, we will elaborate on matters Indonesia’s household consumption and investment
pertaining to the implementation of our duties and are likely to strengthen and approach the pre-COVID-19
responsibilities, including the careful assessment we period. Household consumption, the main driver of
made of the Board of Directors’ performance, our Indonesia’s economic growth, grew by 4.82% in 2023,
oversight of strategy execution, how we viewed the Board slightly lower than the 4.94% in 2022. Meanwhile,
of Directors’ proposed business outlook, and governance investment grew by 4.40%, faster than the 3.87% in the
practices in 2023. previous year.
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According to Bank Indonesia data, loan growth in 2023 In terms of financial performance, CIMB Niaga reported
was around 10.38%, slightly lower than the 11.35% net interest and Sharia income of Rp13.4 trillion.
growth recorded in 2022. Sharia financing increased at Consolidated net profit was recorded at Rp6.5 trillion,
a higher rate of 15.8%, while loan growth in the MSME up 28.41% from the previous year’s Rp5.0 trillion. Total
segment reached 8.0%. The ratio of liquid assets to assets increased by 8.96% to Rp334.4 trillion, compared
third-party funds (AL/DPK) remained high at 28.7%. to Rp306.8 trillion in the previous year.
Bank liquidity has been maintained given large banking
industry placements in liquid securities, coupled with SUPERVISION OF THE FORMULATION AND
KLM implementation. Strengthening the pro-market IMPLEMENTATION OF BANK STRATEGIES AND
monetary operations strategy has also supported the POLICIES
lending capacity of the banking industry, including trading The Board of Commissioners continuously monitors
SRBI in the secondary market, thereby providing the the implementation of strategic policies established by
banks with flexibility in terms of liquidity management. the Board of Directors, providing support, advice, and
guidance to achieve the objectives outlined in the Bank’s
ASSESSMENT OF THE BOARD OF DIRECTORS’ Business Plan. We have a direct role in overseeing the
PERFORMANCE implementation of RBB targets, from strategy formulation
Against such a macroeconomic backdrop, we believe to policy implementation. The Board of Commissioners,
that the Board of Directors has fulfilled its duties and along with the Board of Directors and all CIMB Niaga
responsibilities and responded admirably to the fiscal employees, have responded admirably to the challenges
year’s challenges. We made this assessment based on faced throughout 2023.
several factors, including how successfully the Board of
Directors met the targets outlined in the Bank Business We assess that the Bank’s strategy and policies, which
Plan (RBB) and how promptly they reported to the focus on the 5 Strategy Pillars, were very well executed
Financial Services Authority (OJK). We observed that the by the Board of Directors. The 5-pillar strategy consists
majority of the Bank’s performance indicators improved, of: 1) Playing to Our Strengths; 2) Expanding the
with some even exceeding targets. CASA Franchise; 3) Discipline in Cost Management; 4)
Preservation of Capital and Balanced Risk Culture; and
We determined that the Board of Directors successfully 5) Leveraging Information Technology. We see that the
implemented the Bank’s 5 Pillar Strategy to grow loan, Board of Directors was able to translate and synergize
albeit on precautionary principles, given the increased these five pillars with the challenges faced to achieve the
competition in the banking industry. Overall, the Bank’s main goal.
loan increased by 8.5% in 2023, driven primarily by
healthy growth in Emerging Business Banking (EBB), We held regular joint meetings with the Board of
Consumer Banking, and Corporate Banking Segments. Directors to formulate the Bank’s strategy and policy, as
well as to monitor progress, ensuring that strategies and
Improvements in asset quality indicated a significant policies remained on track. We oversaw and reviewed
decrease in the Gross Non-Performing Loan (NPL) ratio the strategy using reports submitted by our supporting
from 2.80% in 2022 to 1.96% in 2023, a record low for committees or other written communication channels.
CIMB Niaga. At the same time, the Bank maintained an We will continue to play an active role in our oversight
adequate provision with a Loan Loss Coverage (LLC) ratio function and support it through collaboration with the
above 200%. The cost-to-income ratio (CIR) was also Board of Directors, allowing CIMB Niaga to maintain
manageable at below 45%, with an increase in the CASA sustainable growth.
ratio to 63.86% from 63.57% in the previous year.
CIMB Niaga also posted sound capital adequacy, with the
KPMM ratio at the level of 24.02% at the end of 2023. The
Return on Equity (ROE) ratio was recorded at a better and
even higher-than-target figure of 15.02%, an increase
from 12.59% compared to the previous year’s figure.
Meanwhile, the Bank’s Return on Assets (ROA) ratio was
recorded at a better and even higher-than-target figure
of 2.59%, representing quite an increase from the 2.16%
recorded in the previous year.
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OUR VIEW ON BUSINESS PROSPECTS, coverage in countries around the world as each attempts
PREPARED BY THE BOARD OF DIRECTORS to recover their economies. Nonetheless, the Indonesian
Looking ahead, the global economy will continue to face banking sector is expected to remain solid and resilient,
volatility and challenges. Bank Indonesia has forecasted bolstered by a high capital level of 27.69% in December
global economic growth of 2.8%, while the IMF predicted 2023, which will absorb potential risks in the recently
3.1%. Persistent geopolitical tensions in some parts of the dynamic global economy.
world are a major contributor to the slowdown. Among
the major risks weighing on next year’s global growth Another industry challenge will be the impending issuance
outlook will be stubbornly high global inflation, weaker or of new banking regulations, including those pertaining
below-5% growth in China’s economy, commodity price to Islamic banking. This will supplement the previously
volatility, climate change-induced shocks, and the risk of issued Sharia banking regulations, which include one on
high debt in countries around the world. spin-offs. The widespread adoption of digital technology
in the financial and non-financial industries, which has
Indonesia expects economic growth in 2024, propelled altered people’s consumption patterns and lifestyles, will
by household consumption and investments. Stronger continue to pose a risk.
investment growth is expected in the second half of
the year following the election, supported by lower However, the various challenges that the Bank faces
benchmark rates from both the Fed and the Bank of in the future will open up new opportunities for long-
Indonesia. However, the first half will be dominated by term growth. Our goal is to determine how the Bank
the demand for loan in households and working capital can realize its potential new customer portfolio through
in businesses. digital channels and partnerships. At the same time, we
are confident that the Board of Directors will continue
In 2024, we expect to see increased domestic to digitize and implement cutting-edge technology
consumption, both private and government. While the (Generative AI) to boost productivity while also improving
wait-and-see stance remains in place, some potential the customer experience.
events, such as restored public confidence, the positive
effects of the 2024 general election, and the resumption Given such a macroeconomic outlook, we believe that
of the country’s National Strategic Project (PSN), will the Bank’s policy direction, as prepared by the Board
support investment growth. Based on these scenarios, of Directors in the RBB, remains on track while also
Bank Indonesia forecasts that the domestic economy will promising and consistent with the Bank’s objectives.
grow at a steady rate of 4.7%-5.5%. We have seen how the Board of Directors pays close
attention to basic assumptions and the future economic
In the coming years, infrastructure development will most outlook and how it combines that approach with effective
likely be more equitable. Improved infrastructure will drive strategy execution.
economic growth in more buffer cities, prompting the
Bank to focus on increasing market share in those areas. As it prepares to use all of its strengths, we are confident
that CIMB Niaga will deliver even stronger in the future.
The industry expects a high-rate policy direction through Furthermore, the Bank will align its business strategies
monetary tightening to continue until early 2024. The with those of the CIMB Group to achieve the latter’s
“higher for longer” tagline has received extensive media vision, “to be the leading focused ASEAN bank.”
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SUSTAINABLE FINANCE We hope that the Board of Directors can maintain the
We would like to acknowledge the Bank’s various efforts stellar performance achieved in 2023 in the coming
to promote sustainability and sustainable finance, years, allowing the Bank to achieve the Sustainable
which are among the Bank’s five sustainability pillars. Development Goals (SDGs), the net zero Green House
Throughout 2023, the Board of Directors added new Gas (GHG) emissions Scope 1 & 2 in 2030, phase out
initiatives that later proved significant when the Bank from thermal coal financing in 2040, and net zero GHG
hosted the Cooler Earth Sustainability 2023 Summit emissions Scope 1, 2 & 3 in 2050, which is also consistent
in Jakarta, attended by over 3,900 participants and with a low-carbon economy and Indonesia’s Enhanced
honorary keynote speakers who were experts in their Nationally Determined Contribution (ENDC) target.
fields. It also accomplished 50,884 employee volunteer
hours, in addition to numerous other initiatives. HUMAN RESOURCES
We believe that Human Resources (HR) is the Bank’s
The Bank’s success in being the first to purchase carbon most valuable asset in achieving its corporate vision
units at the launch of the Indonesian Carbon Exchange and mission. To achieve the objectives, it is necessary to
(IDXCarbon) deserves special recognition. We also develop high-quality, competent human resources. As a
acknowledge the Board of Directors’ participation in the result, we will assist in the development, management,
“Net Zero Strategy & Climate Risk Management” program and implementation of HR strategic plans that are
hosted by CIMB Group. This project, among others, relevant to current and future banking needs.
set climate targets for palm oil and power financing
portfolios that are consistent with global scenarios such We also support the ongoing internalization of the
as the Science-Based Target Initiative (SBTi) and the Bank’s culture, which is deeply ingrained in EPICC’s
International Energy Agency’s Net Zero Emission (IEA corporate values (Enabling Talent, Passion, Integrity &
NZE) 2050. Accountability, Collaboration, and Customer Centricity),
in order to raise employee awareness and understanding
Another initiative that deserves our recognition is as they live up to these values in their daily lives.
the Board of Directors’ effort to run a robust risk
management system, including managing the impacts of We appreciate the variety of programs and initiatives that
climate change, as detailed below: have been structured and packaged in an attractive and
1. The recent establishment of a Climate Risk Unit that creative manner to encourage the process of internalizing
functions under the risk management directorate the Bank’s culture. This is significant because the Bank’s
and is specifically responsible for developing culture, deeply ingrained in corporate values, provides
and implementing a climate risk management guidance for employees as they go about their work lives
framework, as well as integrating climate risk aspects and promotes the creation of an engaging workplace,
into the overall Enterprise-Wide Risk Management ultimately reflected in the value of the organization’s
Framework. health index.
2. Developing a methodology for climate scenario
analysis or a climate risk stress test. This is in line with We even encourage the Board of Directors’ efforts to
the direction of policy development in OJK related to keep employee enthusiasm in working and provide the
Climate Risk Stress Testing for the banking industry. widest possible opportunities for careers internally, as
well as giving appreciation to the best talents who have
In 2023, CIMB Niaga reported a loan portfolio of Rp213.4 contributed to realizing the aspirations expected by the
trillion, with 26% of the total portfolio being Sustainable Bank.
Business Activity Category (KKUB) financing distributed
by the Bank.
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INFORMATION TECHNOLOGY As a result, we observed how the Bank was able to deliver
We believe strengthening the Information Technology (IT) significant improvements in the field of GCG. We can see
infrastructure in banking services is crucial in this digital them in the achievement of various awards, including
era. Hence, we will continue to support the Board of Leadership in Corporate Governance at the 14th IICD
Directors’ efforts to develop and implement technology Corporate Governance Award 2023; Platinum Star
in 2023. We observe that CIMB Niaga’s IT unit consistently Trophy and The Most Committed GRC Leader 2023 for
delivers high-quality services aligned with the Bank’s Mrs. Lani Darmawan at the TOP GRC Awards 2023; The
business needs and development. We encourage the IT Greatest Champion of GRC Performance Excellence 2023
unit to proactively serve as a business enabler, offering & The Best GRC For IT/Digital Transformation at the GRC
IT-related guidance to all business units in their efforts & Performance Excellence Award 2023; and success in
to optimize secure digital banking services, providing becoming General Champion in the 2022 Annual Report
convenience, and ensuring customer comfort. Award (ARA) held in 2023.
Guided by the six IT strategic policy pillars in 2023, the OUR VIEW OF THE WHISTLE BLOWING SYSTEM
IT unit continued to deliver performance supporting the CIMB Niaga employs a Violation Reporting System,
Bank’s vision and mission. These six pillars, Increasing also known as the Whistleblowing System (WBS), to
Customer Base Through Digital Acquisition, Sustainable demonstrate good corporate governance and create
Deposit/CASA, Differentiate Sharia Business, Built a clean workplace where responsibility is truly upheld.
Resilient and Future Tech, Evolve Future Operating The Bank’s whistleblowing system allows external and
Model, and Cyber Security Resiliency, have given optimal internal parties to report violations presumed to have
contributions to the Bank’s vision and mission. occurred under Corporate Governance principles, ethical
values, and applicable policies or procedures, based
VIEW ON THE IMPLEMENTATION OF BANK on credible evidence/data/information and with good
GOVERNANCE intentions for the Bank’s interests.
Our view is that the Bank’s sustained growth
in performance should be associated with the The whistleblowing system at CIMB Niaga is managed by
implementation of good corporate governance (GCG). an independent and professional consultant, PT Deloitte
Implementation of GCG principles is one of the main Advis Indonesia, who provides facilities and assigns
focuses of our oversight. officers to receive reports and forward them to the Bank.
This system serves as a communication link between
The various reports and activities inform us, the Board of CIMB Niaga and whistleblowers as needed. According to
Commissioners, that CIMB Niaga has implemented GCG the Board of Commissioners, the Bank’s WBS, managed
very effectively, with some aspects exceeding regulatory by an independent party, will provide comfort to all
provisions (beyond compliance). This contributed to the stakeholders, both internal and external, allowing them
Bank’s stellar performance this year while increasing to submit reports of alleged violations without fear or
customer trust. The Bank has successfully implemented worry, knowing that the Bank will follow up on their
its four GCG pillars: governance commitment, governance report.
structure, governance process, and governance
outcomes. As the Board of Commissioners, we actively participate in
implementing and overseeing the Bank’s whistleblowing
system. Our active role includes signing an Integrity Pact,
committing us to play an active role in efforts to prevent
and eradicate fraud, as well as our willingness to report
fraud whenever it occurs within the Bank.
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Every quarter, we receive and review reports submitted We based our assessment of committees on various
by the Anti-Fraud Management Unit (AFM), designated matters, including the performance of the committee
as the coordinator of whistleblowing handling through collectively and individually for each member and the
the Audit Committee. The submitted report specifies committee chairman. The assessment was also made on
the number of reports received, provability and committee structure, achievements during the financial
improvability, sanctions imposed on employees found year, competency, meeting attendance, and effectiveness
to have committed fraud/violations, and the Bank’s in carrying out their duties and responsibilities.
follow-up actions on the reported cases. We provide Throughout 2023, the supporting committees provided
them with direction for follow-up corrective action on us with feedback, suggestions, and recommendations in
significant issues based on the whistleblowing report their respective areas of responsibility.
they submitted. Throughout 2023, 263 whistleblower
reports were received, and 9 employees were sanctioned CHANGES IN THE COMPOSITION OF MEMBERS
based on proven reports. OF THE BOARD OF COMMISSIONERS
In 2023, there were changes to the composition of the
FREQUENCY AND METHODS OF PROVIDING Board of Commissioners and its supporting Committees.
ADVICE TO THE BOARD OF DIRECTORS At the Annual General Meeting of Shareholders (Annual
In accordance with our inherent duties and responsibilities, GMS) held on 10 April 2023, the shareholders approved
we can provide various inputs, suggestions, and advice to the appointment of Ms. Farina J. Situmorang as an
the Board of Directors to help them achieve the Bank’s Independent Commissioner of the Bank, effective after
objectives through joint meetings with all or some of the obtaining OJK approval.
Board of Directors members. In 2023, we held 8 (eight)
internal meetings and 5 (five) joint meetings with the The 2023 Annual GMS also approved the re-appointment
Board of Directors. During these meetings, we discussed of Mr. Didi Syafruddin Yahya as President Commissioner
a variety of topics, including providing direction on the and Mrs. Sri Widowati as an Independent Commissioner.
Bank’s strategy and business plans, as well as financial Thus, the composition of the members of the Board of
performance and committee reports from the Board of Commissioners is as follows:
Commissioners. 1. Didi Syafruddin Yahya : President
Commissioner
In addition to meetings, we can provide informal 2. Glenn Muhammad Surya Yusuf : Vice President
suggestions and advice to the Board of Directors Commissioner
through our supporting Committees. Before providing (Independent)
suggestions and advice to the Board of Directors, we 3. Jeffrey Kairupan : Independent
always consider the input and suggestions provided by Commissioner
our supporting Committees, which actively monitor their (Senior)*
respective areas of expertise based on their assigned 4. Sri Widowati : Independent
responsibilities. Commissioner
5. Dato’ Abdul Rahman Ahmad : Commissioner
ASSESSMENT OF THE PERFORMANCE OF BOC 6. Vera Handajani : Commissioner
SUPPORTING COMMITTEES 7. Farina J. Situmorang : Independent
In fulfilling our duties and responsibilities, we are Commissioner**
assisted by our supporting Committees: the Audit
*
Appointed as Senior Independent Commissioner of the Bank through CIMB
Committee, the Risk Oversight Committee, the Niaga Board of Commissioners Circular Decree No.014/DEKOM/KP/VI/2019
Nomination and Remuneration Committee, and the dated 28 June 2019.
**
Appointed at the AGMS on 10 April 2023 and effective 25 January 2024.
Integrated Governance Committee. Our assessment of
the committees in 2023 tells us that the Committees have
carried out their duties and responsibilities effectively in
line with their respective Charters in assisting us with our
oversight function.
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We would also like to convey that the Bank has made APPRECIATION AND CLOSING REMARKS
changes to the members of our supporting Committee, On behalf of the Board of Commissioners, we would like
the Audit Committee, by appointing a new member from to express our gratitude to the shareholders for their
independent parties, Mrs. Riatu Mariatul Qibthiyyah, for continued support and trust. We also thank the Board
the 2023–2024 period. The Risk Monitoring Committee of Directors and all CIMB Niaga employees who have
also has a new member from an independent party demonstrated their hard work, loyalty, and dedication,
representative, Mr. Ronald T.A. Kasim, for the 2023–2024 and for all the progress that we have made possible. To
period. The Integrated Governance Committee also has a all work partners and other stakeholders, we express
new member from an independent party, Mrs. Angelique our highest appreciation and thanks for the excellent
Dewi Daryanto, for the 2023–2025 period. cooperation we have mutually established thus far. We
hope that CIMB Niaga can continue to deliver the best and
benefit all shareholders, customers, business partners,
and other stakeholders in the foreseeable future.
5 March 2024
Didi Syafruddin Yahya
President Commissioner
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Board of Commissioners
Farina J. Situmorang**) Glenn Muhammad Surya Yusuf Jeffrey Kairupan*)
Independent Commissioner Vice President Commissioner (Independent) Independent Commissioner
*
Appointed as Senior Independent Commissioner of the Bank through CIMB Niaga Board of Commissioners Circular Decree No.014/DEKOM/KP/VI/2019 dated 28 June 2019.
**
Appointed at the AGMS on 10 April 2023 and effective 25 January 2024.
38 PT Bank CIMB Niaga Tbk | Laporan
2023 Annual
Tahunan
Report
2023
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Didi Syafruddin Yahya Dato’ Abdul Rahman Ahmad Sri Widowati Vera Handajani
President Commissioner Commissioner Independent Commissioner Commissioner
PT Bank
PT Bank
CIMB
CIMB
Niaga
Niaga
TbkTbk
| Laporan
| 2023 Annual
TahunanReport
2023 39
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Board of Directors Report
Lani
Darmawan
Presiden
Direktur
40 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Dear Shareholders and Stakeholders,
Faced with the challenging year of 2023, CIMB Niaga remains
consistent in implementing a 5-pillar strategy with the following
focuses and initiatives: (1) retail CASA growth expansion by
accelerating retail customer acquisition through the use of our
digital capabilities, digital ecosystem partnerships, and market
share expansion in tier-2 cities; (2) continuous improvement
in asset quality; (3) sustainable growth in non-interest income;
(4) digital banking innovations to increase customer engagement
and enhance customer experience.
It is an honor for us, on behalf of the Board of Directors Lower inflation, even if it was higher than the target
of CIMB Niaga, to present the Bank’s fiscal 2023 level, benefited major economies such as the United
performance report. We should all be proud of the Bank’s States. Global interest rates, including those of the
financial and operational achievements this year. It was Federal Reserve, appeared to have peaked, with the
an outstanding accomplishment that makes us proud possibility of remaining relatively high for an extended
and reflects the sound execution of business strategies period. Government bond yields, including those of
and the application of the principle of prudence in the US Treasury, were in contractionary territory, but
managing the Bank’s business. they were still considered high and expected to remain
there due to the long-term risk premium associated
Embracing its Kejar Mimpi brand promise, CIMB Niaga with increased fiscal financing and government debt.
has remained steadfast in its determination to be the This absolute clarity on monetary policy direction in the
best partner while also serving as the bank of choice for major economies contributed significantly to a reduction
all customers to help them achieve their dreams. As a in global financial market uncertainty. This trend had
bank deeply concerned about the environment and the positive effect of reversing the flow of capital, as
future generations, CIMB Niaga has built sustainability investments returned to emerging economies, including
into its business model by incorporating environmental, Indonesia, and strengthened their currencies.
economic, social, and governance considerations into the
banking process. In the spirit of Anda #YangUtama, CIMB The Indonesian economy remained on a positive
Niaga is ready to provide the best customer service ever. trajectory, buoyed by strong domestic demand.
The Central Statistics Agency (BPS) reported 5.05%
MACROECONOMIC DEVELOPMENTS 2023 economic growth, compared to 5.31% the previous year.
In 2023, the global economy faced deceleration despite Household consumption and investment expanded
a decrease in uncertainty within the global financial steadily in tandem with restored public confidence and
markets. The United States (US) and India experienced the continuation of the National Strategy Project (PSN).
stronger economic growth in 2023 than expected, owing The above data were confirmed by strong key indicators
to robust household consumption and government seen in December 2023, such as consumer confidence,
expansion. Quite the opposite, China’s economy retail sales, and the Manufacturing Purchasing Managers’
weakened as the country struggled with reduced Index (PMI). Exports, on the other hand, were outpaced
outputs in household consumption and investment. by imports, which were buoyed by strong domestic
demand following the pandemic.
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According to Bank Indonesia, inflation reached a lower BANK PERFORMANCE ANALYSIS 2023
2.61% in December 2023, which is within the target range
of 3.0 ± 1%. Bank Indonesia increased its benchmark STRATEGIES AND POLICIES
rate again and subsequently maintained it at 6% until Faced with the challenging year of 2023, CIMB Niaga
December 2023. The fixed deposit facility interest rate remains consistent in implementing its 5-Pillar Strategy
was set at 5.25%, while the fixed lending facility interest with the following focuses and initiatives: (1) retail
rate stood at 6.75%. This aligns with the central bank’s CASA growth expansion by accelerating retail customer
objective of maintaining stability in monetary policy by acquisition through the use of our digital capabilities,
implementing proactive and future-oriented measures digital ecosystem partnership, and market share
to stabilize the Rupiah and effectively manage inflation expansion in tier-2 cities; (2) continuous improvement
within the target range of 2.5 ± 1% by 2024. in asset quality; (3) sustainable growth in non-interest
income; (4) digital banking innovations to increase
Adequate banking liquidity enhanced banking lending customer engagement and customer experience.
capacity. Until December, the Liquid Assets to Third
Party Funds (AL/DPK) ratio remained at a high of The 5 Pillar Strategy that is consistently implemented
28.73%. Accommodative macroprudential policy, by the Bank in the long term includes: 1) Playing to Our
such as the Macroprudential Liquidity Incentive Policy Strengths, 2) Expanding the CASA Franchise, 3) Discipline
(KLM), contributed to adequate banking liquidity. As of in Cost Management, 4) Preservation of Capital and
December 2023, the total additional liquidity generated Balanced Risk Culture, and 5) Leveraging Information
by KLM incentives had reached Rp65 trillion, representing Technology. With these pillars, the Bank was able to
an increase of Rp56 trillion since KLM’s introduction respond to every emerging challenge and opportunity
on October 1, 2023. Liquidity progress had a positive throughout the year while meeting its targets and
impact on banking interest rates, with 1-month deposit aspirations.
and lending interest rates remaining at 4.69% and 9.25%
in December 2023, respectively. Another factor that 1. Playing to Our Strengths
contributed to adequate liquidity was the secondary The Consumer Banking and Emerging Business
market trading of Bank Indonesia Rupiah Securities Banking (EBB) segments remain the Bank’s key
(SRBI), which increased banking flexibility in liquidity strengths that have gained recognition within
management and helped maintain credit distribution the target markets. The two segments offer fair
capacity. investment returns that are worth the risks taken, as
well as promising growth prospects in the future.
Banking intermediation continued to rise, as evidenced
by an increase of 10.38% in bank loans in 2023, with In Consumer Banking, CIMB Niaga focuses on
working capital loan and investment loan showing the prudently pushing loan growth in the mortgage
strongest growths of 10.05% and 12.26%, respectively. (KPR) and auto loan (KPM) segments with continued
Meanwhile, Third Party Funds (DPK) grew 3.73% in the expansion in its collaboration network with property
same period, mainly supported by a growth of 4.57% in developers, property agents, auto dealers, and multi-
demand deposit. In 2023, Sharia financing experienced a finance companies as well as other business partners
growth rate of 15.80%, and the growth rate of MSME loan to increase the Bank’s Consumer Loan portfolio. In
reached 8.03%. 2023, CIMB Niaga Consumer Banking grew 6.98%
to reach Rp71.8 trillion from Rp67.2 trillion in the
The banking industry remained resilient, as evidenced previous year. Mortgage and auto loans, as the drivers
by its strong capital and low credit risk. The capital of growth in the consumer segment, also grew 2.28%
adequacy ratio reached a high of 27.69% in 2023. Credit and 15.70%, respectively.
risk remained manageable, as evidenced by the low non-
performing loan ratios of 2.19% (gross) and 0.71% (net). CIMB Niaga, through the EBB segment, has been
Bank Indonesia’s (NPL) stress-test results revealed that very consistent while prudent in offering the best
the domestic banking industry remained resilient in the support through solution-oriented banking products
face of global pressure throughout fiscal 2023. and services for customers’ business capital and
investment needs.
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In 2023, EBB recorded a total loan of Rp24.9 trillion, 4. Preservation of Capital and Balanced Risk Culture
marking a 9.49% increase from the previous year At the end of 2022, CIMB Niaga posted an
at Rp22.8 trillion. The EBB segment holds growth Adequacy ratio of 24.02%, far above the regulatory
potential for the future, aligning with the ongoing requirement. The Bank utilizes the Enterprise Wide
economic recovery in the domestic landscape. Risk Management framework as a guide to carry
It will continue maximizing banking services for out business activities and make decisions, creating
customers across Indonesia, alongside making a balanced culture of risk and compliance across
process improvements, including digital innovation, all business units. Risk awareness is heightened by
to enhance the quality of customer service while strengthening the role of the Risk Control Unit (RCU)
increasing banking productivity. and ensuring quality assurance for all functions
within the organization.
2. Expanding the CASA Franchise
Continuing to provide innovative banking products With a diversified portfolio and significantly improved
and services that create unique customer journeys asset quality, evidenced by a decrease in Gross
and experiences, the Bank experienced an increase NPL from 2.80% to a record low of 1.96%. The Bank
in the CASA ratio to 63.86% in 2023, up from 63.57% continues to focus on improving asset quality to
the previous year. promote profitable asset growth. Risk Adjusted
Return On Capital (RAROC) remains the main measure
To further increase CASA, various programs and for evaluating the Bank’s loan portfolio.
initiatives are underway in both the retail and non-
retail sectors. CIMB Niaga offers innovative products 5. Leveraging Information Technology
and optimizes digital banking services by establishing Prioritizing the use of information technology (IT) to
strong relationships with customers across multiple propel the Bank’s business to the forefront of digital
segments. Leveraging data analytics and digital banking, CIMB Niaga maintains a primary focus
capabilities, CIMB Niaga aims to provide target on digital platforms to provide the best customer
customers with products and services that meet their experience and security in banking transactions.
needs and expectations. Innovation and data utilization continue to be key
factors in giving the Bank’s businesses a competitive
3. Discipline in Cost Management advantage.
Consistently monitoring, controlling, and managing all
of the Bank’s overhead costs to make the best use of In 2023, CIMB Niaga expanded customer engagement
resources, CIMB Niaga has demonstrated a proactive beyond general banking features by prioritizing the
and disciplined cost-management strategy. As a customer experience in existing digital channels,
result, we continue to make optimal organizational where digital services are fully integrated with
improvements, efficient infrastructure use, data-driven analysis. We also used IT to increase
operational cost optimization, capital expenditure CASA growth by digitizing business models, digital
prioritization, and many others. lines, and customer touch points. Furthermore, we
remained focused on implementing Cyber Security
The Bank continues to invest in aspects that drive Resiliency in order to improve cyber resilience and
business growth, with an increasing focus on digital security while also increasing our preparedness to
banking. Throughout 2023, CIMB Niaga optimized face cyberattacks.
its network footprint and improved digital customer
service. This was reflected in a decrease in the cost-
to-income ratio from 44.91% to 44.83% in 2023.
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THE ROLE OF THE BOARD OF DIRECTORS IN THE Total consolidated assets as of December 31, 2023, were
FORMULATION AND PROCESSES OF STRATEGY AND Rp334.4 trillion, increased by 8.96% from the previous
POLICY EXECUTION year’s Rp306.8 trillion. Total Third Party Funds (DPK)
We develop short and medium-term bank strategies reached Rp235.9 trillion with a CASA ratio of 63.86%, while
and policies in the form of a Corporate Plan and a the Bank’s CASA increased by 4.30% as a result of efforts
Bank Business Plan (RBB) that align with the Bank’s to strengthen relationships and improve the customer
stated vision and mission. We collaborate with the experience when using CIMB Niaga digital services.
Bank’s senior management to evaluate its strategies
and policies, including its 5 pillar strategy, and monitor Total loan increased by 8.52% to Rp213.4 trillion with the
their implementation at all organizational levels. This highest growth in Corporate Banking at 11.66%, followed
evaluation is carried out to ensure that the strategies and by the EBB business at 9.49% and Consumer Banking at
policies are relevant to business development and meet 6.98%. Consumer loan growth was contributed to by auto
the Bank’s corporate goals and targets. loans amounting to 15.70% and mortgages at 2.28%.
We take an active role in ensuring that all organizational On this occasion, let us also convey the performance of
bodies understand and consistently implement the the Sharia Banking segment, which has succeeded in
Bank’s strategy. Furthermore, we are directly involved cementing its position as the largest UUS in Indonesia,
in strategy execution, assisted by our supporting with total financing of Rp55.2 trillion, an increase of
committees and bodies, overseeing the implementation 17.05% from the previous year, and a CASA achievement
of the Bank’s strategies and policies to keep them on of Rp26.3 trillion, up 29.74% from the previous year.
track.
As financial performance improved in 2023 with quite
2023 TARGETS VS ACHIEVEMENTS strong growth, more managed costs, and better asset
We are pleased to report that the Bank’s performance quality, we were able to deliver a consolidated profit
has increased as a result of the proper execution of the before tax of Rp8.4 trillion, up 27.02% from Rp6.58
5-Pillar Strategy. In 2023, we delivered strong financial trillion the previous year. Meanwhile, consolidated net
results and made steady progress toward the Bank’s profit reached IDR 6.5 trillion, up 28.4% from Rp5.0
transformation goals. The Bank’s strong financial trillion the previous year, resulting in a profit per share of
performance reflects our proactive and effective Rp259.5 (full amount). According to target achievement,
approaches to applying the principle of prudence, as we the Bank’s consolidated net profit reached 7.51% of its
maintained asset quality. Another driver of such strong predetermined target of Rp6.0 trillion.
financial results was well-managed operational income
and cost control. As a result, CIMB Niaga’s Return on Overall CIMB Niaga delivered encouraging performance
Equity (ROE) increased significantly from 12.59% in 2022 as can be seen in some of the key financial indicators
to 15.02% in 2023. such as loan growth, NPL, KPMM, ROA and ROE that
showed better figures than the predetermined targets
Despite the rapid changes in today’s business landscape, for the year.
the Company continues to provide an appealing level
of profitability and shareholder returns on capital, with
a particular emphasis on improving capital and liquidity
ratios. In 2023, CIMB Niaga had a Capital Adequacy Ratio
(CAR) and Loan to Deposit Ratio (LDR) of 24.02% and
89.30%, respectively. This demonstrates that CIMB Niaga
has maintained a strong capital and liquidity position.
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OBSTACLES ENCOUNTERED AND ANTICIPATIONS OTHER PERFORMANCE
MADE
In 2023, CIMB Niaga encountered numerous challenging ORGANIZATIONAL STRUCTURE
obstacles. Since early this year, the Bank has been Organizational structure is critical to achieving corporate
focused on the disruptions in the banking industry, the goals, as it allows a company to track business
most difficult challenge we faced in 2023, which emerged developments and changes. Continuous efforts to
amid uncertainty due to the global economic slowdown. strengthen the organizational structure, as reflected in the
One of the disruptions we encountered was an increase Company Profile in this Annual Report, are made through
in BI benchmark rates, which reached a high of 6% in the process of identifying and training successors. CIMB
December 2023. Niaga periodically evaluates its organizational structure
to improve effectiveness and efficiency while ensuring
However, we remained optimistic as we navigated the Bank’s sustainability.
through 2023, delivering positive revenue results.
Another source of optimism was the consistent growth in MAIN ACTIVITIES AND TYPES OF PRODUCTS AND
domestic household consumption. SERVICES OFFERED
The Bank’s core business or activity is to provide banking
We also implemented other strategies to address all services by raising and distributing public funds and
the challenges that the year 2023 presented. CIMB offering competitive interest rates on funds distributed
Niaga consistently increased CASA as the foundation as loans to customers. In carrying out these primary
for managing cost of funds. Furthermore, we activities, CIMB Niaga provides a wide range of banking
concentrated on distributing loans to the retail sector, products and services, including financing for small and
such as mortgages and auto loans, while continuing to medium-sized business debtors, as described in the
push for increased fee-based income through wealth Company Profile chapter of the CIMB Niaga Products and
management. We continued our efforts to improve Services section.
asset quality, risk management, and capital control while
striving for operational efficiency through automation INTEREST RATES FOR FUNDING AND LOAN
and digitalization. The Prime Lending Rate (SBDK) indicates the credit
interest rate charged by CIMB Niaga to its customers
when they apply for a loan. CIMB Niaga considers several
factors when determining prime lending rates, including
the BI-Rate set by Bank Indonesia, the Cost of Funds
for Credit (HPDK), operational expenses incurred for
fundraising and credit distribution activities, the Bank’s
profit margin component in credit distribution activities,
and banking industry competition.
The prime lending rate calculation does not include
the debtor’s risk premium, the amount of which is
determined by each debtor’s risk assessment. As a result,
the credit interest rate charged to debtors does not
always match the prime lending rate. CIMB Niaga deals
with this by making a consistent effort to raise low-cost
funds from customers.
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The following table shows CIMB Niaga’s interest rates for customer deposits and loans in Rupiah 2023:
Prime Lending Rate based on Loan Segmentation Interest Rate
for Rupiah-
Period Loan Consumer Loan
denominated
Corporate Retail Mortgage Non Mortgage Deposits
March 8.00% 8.75% 7.30% 8.50% 3.33%
June 8.00% 8.75% 7.30% 8.50% 3.44%
September 8.00% 8.75% 7.30% 8.50% 3.45%
December 8.00% 8.75% 7.30% 8.50% 3.36%
NUMBER, TYPE AND LOCATION OF OFFICES IMPORTANT CHANGES OCCURRING IN BANK AND
To support business growth, CIMB Niaga improves BANK BUSINESS GROUP
customer experience by offering a comprehensive range During 2023, there were no important changes that
of products and services through a network of 412 occurred in the Bank or the Bank Business Group.
branch offices, 3,893 ATMs (including CRM and MDM),
544,056 Electronic Data Capture (EDC), Quick Response BUSINESS PROSPECTS, ECONOMIC
(QRIS), and E-commerce networks combined, and DEVELOPMENT, AND TARGET MARKET
12,060 employees (including subsidiaries) distributed Certain risks are expected to prolong global economic
throughout Indonesia. CIMB Niaga also continues to uncertainty in 2024, including geopolitical tensions likely
collaborate with business units and the CIMB Group to to remain unsettled in some parts of the world, a potential
optimize its office network. economic setback in several countries, including China,
and a potentially longer rate hike path and bond yields
NETWORK AND BUSINESS PARTNERS in most major economies. In its World Economic Outlook
CIMB Niaga, Indonesia’s second-largest national private (WEO), published in January 2024, the International
bank, collaborates with various business partners both Monetary Fund (IMF) forecasts a 3.1% slower growth rate
within and outside the country. This collaboration in 2024. This projection is 0.2% higher than the October
includes bancassurance products, wealth management, 2023 forecast.
and others, leveraging the Bank’s as well as its business
partners’ and customers’ networks as target markets. Domestically, Bank Indonesia projects that the domestic
CIMB Niaga also forms other partnerships to sustainably economy will remain resilient to global economic
grow its business and improve performance. challenges. Fiscal 2024 will see an increase in both
private and government spending and investment,
OWNERSHIP OF THE BOARDS OF DIRECTORS AND expected to continue due to high public confidence, the
COMMISSIONERS AND SHAREHOLDERS IN THE BANK positive effects of the year’s general election, and the
BUSINESS GROUP restart of the country’s National Strategic Project (PSN)
The Company Profile Chapter of this Annual Report development. Given these positive trends, economic
contains information about the share ownership (direct growth in 2024 is expected to be in the range of 4.7–5.5%.
and indirect) of the incumbent/appointed members of
the Boards of Commissioners and Directors in the fiscal
year 2023, for both CIMB Niaga and CIMB Group. None
of the Bank’s Board of Commissioners owns shares in
subsidiaries.
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Bank Indonesia also forecasts that loan growth will As we look forward, we will continue to implement
increase to the range of 10% - 12% and further increase our business development strategies, which include
to 11% - 13% in 2025. The Deposit Insurance Corporation collaboration with the digital ecosystem. We hope that
(LPS) predicts that Third Party Funds (DPK) growth will through this collaboration, CIMB Niaga can continue to
remain stable during the election year, albeit at a single distribute credit through a channeling- or execution-
digit in the range of 6% to 7%. The trend will present both based scheme. We believe that collaboration between
challenges and opportunities for the banking industry’s digital ecosystems and banks is the best strategy because
ability to grow and maintain liquidity. it allows both sectors to benefit from one another, reach
out to new customers who are still unable to obtain
As outlined in the Bank’s Business Plan, we have banking loans, and increase financial inclusion.
developed strategic measures to address future
challenges. Despite initial projections that growth would SUSTAINABLE FINANCE INITIATIVES AND
slow, we expect credit distribution to continue to expand, IMPLEMENTATION
particularly in the corporate segment. As a result, we will CIMB Niaga promotes and remains committed to
continue to support our own and our debtors’ businesses the implementation of sustainability and sustainable
and expansions by assisting them in obtaining working finance. The Bank has translated this commitment into
capital, making investments, and gaining access to other a number of actions and initiatives aimed at creating a
banking services. sustainable financing ecosystem. By the end of 2023,
CIMB Niaga’s sustainable financing portfolio had grown
We will always support our loan disbursement with a to Rp55.45 trillion, accounting for 26% of the bank’s total
thorough assessment to ensure regulatory compliance loan portfolio.
while also applying precautionary principles to both the
Bank’s existing and prospective debtors. We intend to The increase in CIMB Niaga’s sustainable finance portfolio
target loan growth for 2024 at an achievable and realistic is consistent with CIMB Group’s Green Social Sustainability
level that is consistent with national economic growth Impact Product Services (GSSIPS) framework. According
estimates. to the Indonesian Green Taxonomy (THI) reporting
initiative launched by the OJK, the results of the THI
The Board of Directors is committed to allocating all of identification and reporting for the position in December
the Bank’s resources, allowing it to grow stronger in the 2023 show that 18% of the top 450 debtors fell into the
future. In addition, to realize its vision and mission, we green or yellow category based on their debit balance.
will implement a business strategy that is consistent with
the CIMB Group strategy. This sustainable finance portfolio growth is consistent
with global sustainability commitments. Through the “Net
KEY ISSUES IN THE FUTURE Zero Strategy & Climate Risk Management Project,” CIMB
With strict adherence to the principle of prudence, Group and CIMB Niaga set climate targets for palm oil
we remain confident that we can continue to deliver and power financing portfolios in 2023 that are consistent
performance growth while targeting profits in a realistic with global scenarios such as the Science-Based Target
range in the future. We are reviewing the 5 Pillar Strategy Initiative (SBTi) and the International Energy Agency Net
execution to determine whether it is still relevant in Zero Emission (IEA NZE) 2050. The climate targets set by
today’s ever-changing business environment, which the CIMB Group and CIMB Niaga are to reduce Green
includes market trends, regulatory changes, and other House Gas (GHG) emissions in the palm oil sector by 16%
external factors. Such a review should allow the Bank to and in the power sector by 38% by 2030. Customers will
remain competitive and adapt to market changes. be involved in a shift in production toward sustainable
palm oil, as well as a greater emphasis on low-carbon
and renewable alternative energy sources, to help them
accelerate their decarbonization efforts.
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Furthermore, in 2023, CIMB Niaga established a Climate In an effort to engage stakeholders on sustainability
Risk unit within the risk management directorate, issues, CIMB Group hosted the annual event, The
tasked with creating and implementing a climate risk Cooler Earth Sustainability Summit (“TCE”). With the
management framework, as well as incorporating climate theme “Sustainability in Action: Opportunities for a
risk aspects into the Enterprise Wide Risk Management Better Tomorrow in Indonesia,” TCE 2023 in Jakarta was
Framework. CIMB Niaga went even further to follow OJK attended by more than 3,900 participants, both in person
policy direction by developing a climate scenario analysis and virtually. The event was attended by the Republic of
methodology or climate risk stress test that can be used Indonesia’s Deputy Minister of Finance, who was invited
to measure and evaluate how the magnitude of climate as an honorary speaker, as well as the Indonesian
risk affects the Bank and its relationship to other types of Coordinating Minister for Maritime and Investment
risk, such as bank capital and liquidity conditions. Affairs, who delivered the closing speech. To have a more
direct impact on communities in need at the grassroots
Another strategy we are implementing going forward level, CIMB Niaga also held Employee Volunteer Hours,
is how to encourage customers to improve their with each employee contributing an average of 5.09
sustainability performance while minimizing negative hours.
environmental impacts. In 2023, CIMB Niaga broadened
the scope of its Sustainability Due Diligence (SDD) in the Going forward, CIMB Niaga will continue to play an active
Commercial Banking segment by adding two sectors: role in the sustainability ecosystem, with a stronger
forestry and natural rubber, and oil and natural gas. emphasis on collaboration, transformation, and a just
We recently released a Manufacturing Sector Guide transition, particularly to support the achievement
to supplement six other sector guides, including Coal, of a low-carbon economy, Indonesia’s Enhanced
Forestry & Natural Rubber, Palm Oil, Construction & Nationally Determined Contribution (ENDC), and the
Infrastructure Services, Oil & Gas, and Mining & Quarrying. Sustainable Development Goals (TPB). In the spirit of
The Sector Guide outlines prohibitions, minimum #SekarangUntukMasaDepan, CIMB Niaga encourages
sustainability requirements, and recommendations for other stakeholders to shift Indonesia’s growth trajectory
best sustainability practices for the Bank to follow when toward sustainability.
providing financing to customers.
HUMAN RESOURCE DEVELOPMENT
Within the scope of operational performance, CIMB Niaga We execute an HR strategic plan that focuses on five
went beyond implementing various energy efficiency pillars: Strategic Talent Acquisition and being a Talent
initiatives that were initiated several years ago, as we Magnet, Cultivating Talent & Leadership Brand, Future-
carried out new initiatives such as installing solar panels Proofing Organization, High Performing Organization
on the Bank’s office building, implementing Internal linkage to Performance and Contribution-Based Rewards,
Carbon Pricing (ICP), rejuvenating air conditioning, using and Operational Excellence for a Seamless Employee
renewable energy by purchasing Renewable Energy Experience. The strategy execution helps the Bank face
Certificates, and taking other actions. In 2023, CIMB challenges in the increasingly tight banking industry
Niaga expanded its vendor selection criteria to include competition.
sustainability and climate change considerations. CIMB
Niaga was named the first company in Indonesia to The current era, in which technology is advancing at a
purchase carbon units on 26 September 2023, at the breakneck speed, is distinguished by the presence of
Indonesian Carbon Exchange’s (IDXCarbon) inauguration. Gen AI, which means that banks must be adaptable and
responsive by providing employees with digital and data
capabilities and skills. In 2023, CIMB Niaga maintained
adequate capacity and increased capabilities to support
business needs in the Society 5.0 era by encouraging all
employees to acquire digital and data knowledge and
skills through participation in a series of digital training
programs.
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Aside from that, CIMB Niaga continues to develop digital- programs, the provision of the CIMB Niaga Olympic, in
based learning through the use of Virtual Reality (VR), which employees from every directorate representative
a technology that has earned CIMB Niaga recognition participated enthusiastically, and many other initiatives.
from the Indonesia Stock Exchange (IDX) as a bank that We continue to evaluate the effectiveness of CIMB
made AI innovations in the use of VR technology as a Niaga’s institutionalized hybrid work (Hywork) model,
learning method, as well as developing the online mobile which allows employees to work in the office or from
application “Learning on the Go” (LOG). home depending on the nature of their jobs.
Furthermore, CIMB Niaga believes that the strong culture CIMB Niaga received numerous recognitions and awards
that has been firmly embedded in its corporate values from reputable institutions at the local and regional
(EPICC) plays an important role in providing guidance levels in 2023 as a result of its human resource practices.
for daily employee behavior at work. That is why we In terms of the Organizational Health Index (OHI), in its
have continued to communicate EPICC values internally third year of implementation, CIMB Niaga was named
to raise awareness and understanding of the values among the Top 10% (Top Decile) of financial institutions
through a variety of programs and initiatives. These in Southeast Asia.
include the introduction of EPICC through bite-size
campaigns, inspirational stories (EPICC Stories), EPICC OPTIMIZATION OF INFORMATION
videos, competitions and quizzes, EPICC Town Hall, and TECHNOLOGY
the EPICC Podcast, as well as the establishment and We constantly implement new initiatives to optimize
activation of EPICC Ambassadors as internal influencers. Information Technology (IT) to provide speed, accuracy,
CIMB Niaga also recognizes the need to develop diversity comfort, and security to all customers during transactions.
and inclusion initiatives based on EPICC values using a CIMB Niaga’s IT Sub-Directorate focuses heavily on
structured framework and a series of programs that will developing internal Bank application software oriented
ultimately improve the organization’s health. toward customer service with strong and innovative
controls in 2023, while also building HR capabilities and
CIMB Niaga is also consistently cultivating a risk culture knowledge in accordance with digital business needs.
based on EPICC values through various efforts to
increase employee awareness and understanding of risk CIMB Niaga also continued to develop software
culture through a dedicated series of outreach programs systems for automatable processes, which will help
covering topics such as anti-fraud, operational risk and in the systematic and effective monitoring of each
litigation, code of ethics and code of behavior, and know operational unit’s workflow. In dealing with the most
your employee (KYE). The Bank also incorporates risk recent developments in data security, we continued
culture and governance practices into its internal policies, to strengthen Cyber Security’s capability and capacity,
Key Performance Indicators, risk reporting related to HR made more proactive efforts to improve IT security by
and organization, and periodic employee attestation. anticipating virus and malware threats, and mitigated
The Bank is making all of these efforts to avoid various digital risks through constant updates on the incident
potential risks that could prevent it from delivering management platform. We also continued to automate
optimal and sustainable business performance. security testing on applications. We went even further
by recently implementing end-to-end monitoring tools
Efforts to improve the quality of the employee experience for IT operations in an effort to increase visibility on all
at all stages of their lifecycle, employee engagement, applications and support infrastructure as a proactive
and employee wellbeing continue through a variety of analysis to prevent downtime and IT incidents with an
initiatives, including the development of an integrated early detection system.
need-based HR service system, flexible benefit
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IMPLEMENTATION OF BANK GOVERNANCE With a full commitment to implementing GCG within the
We are convinced that the Bank’s success in meeting Bank, in 2023, CIMB Niaga made further improvements
performance targets in 2023 was largely due to its and delivered higher GCG achievements than in previous
unwavering commitment to improving governance years, including:
practices, or Good Corporate Governance (GCG), within 1. Leadership in Corporate Governance at the 14th IICD
the Bank in a sustainable manner. The commitment Corporate Governance Award 2023.
has resulted in ongoing improvements in governance 2. The Greatest Champion of GRC Performance
practices in accordance with regulatory provisions Excellence 2023 & The Best GRC For IT/Digital
and best governance practices, both nationally and Transformation at the GRC & Performance Excellence
internationally. Award 2023, apart from that, Fransiska Oei was also
named The Best GRC Women Leader 2023.
As part of GCG practice, we have implemented internal 3. Platinum Star Trophy as the winner of the 5-star title
control and risk management systems following the for 5 consecutive years, and Lani Darmawan was
EWRM (Enterprise-Wide Risk Management) framework. named The Most Committed GRC Leader 2023 at the
The EWRM framework has been referred to and is in line 2023 TOP GRC Awards.
with the scope of risk management established by the 4. Grand Champion of the 2022 Annual Report Award
Financial Services Authority (OJK), which includes (i) active (ARA).
oversight of the Board of Commissioners and Directors
(including the Sharia Supervisory Board); (ii) adequate ASSESSMENT OF THE BOARD OF DIRECTORS
policies, procedures, and limit determination; (iii) the SUPPORTING COMMITTEES
adequacy of risk identification, measurement, monitoring, In fulfilling its management duties and responsibilities,
and control processes, as well as a risk management the Board of Directors is assisted by four Executive
information system; and (iv) a comprehensive internal Committees (EXCO): the Risk Management Committee
control system. (RMC), the Assets & Liability Committee (ALCO), the
IT Steering Committee (ITSC), and the Credit Policy
To support the implementation of GCG, CIMB Niaga Committee (CPC). The Board of Directors is also assisted
has and implements an Anti-Bribery and Corruption by several Special Committees (SPECO) led by each
Policy and an Anti-Bribery Management System Policy, Division Director according to the Bank’s needs.
as well as other related policies that have been refined
to support the implementation of anti-bribery and We would like to assess how well our supporting
corruption measures. Furthermore, in order to support committees fulfilled their respective duties and
the implementation of anti-bribery and corruption, responsibilities in 2023. We base our assessment on
the Bank has initiated other initiatives, including the several measurements, including the number of meetings
signing of the Integrity Pact, Anti-Bribery and Corruption held, the Service Level Agreement (SLA), meeting minutes,
Commitment, and Code of Ethics by all members of Action Matters Arising, and the distribution of meeting
the Boards of Commissioners and Directors and Sharia invitations. We also use our attendance at committee
Supervisory Board in May 2023, followed by attestation meetings, including decisions and recommendations
by all employees, an annual review of the Anti-Bribery made during those meetings, as assessment references.
Management System, and obtaining ISO 37001:2016
Certification for the Anti-Bribery Management System. We also saw and cited positively the key achievements
made by the entire Executive Committee in 2023. This
Each fiscal year, we conduct GCG assessments using is how the ALCO Committee continued to carry out
the self-assessment method in collaboration with third initiatives to accelerate loans for sectors and products
parties to obtain more independent assessment results. that had proven to be resilient in the post-pandemic
In the self-assessment conducted every semester, CIMB era, as well as making adjustments to the internal fund
Niaga consistently receives a score of 2 (two), which is transfer model pricing to ensure that pricing signaling
under the “good” rating. is transmitted to all Bank business units and remains
relevant to changes in market interest rates. We also saw
that the ALCO Committee had done an excellent job of
ensuring that the Bank’s liquidity level remained optimal
and that the Sharia business unit had access to stable
and diverse funding sources.
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The CPC Committee had approved credit policy updates CHANGES IN THE COMPOSITION OF THE
and changes in response to external regulatory changes BOARD OF DIRECTORS
(from regulators or the government) and internal Bank During 2023, CIMB Niaga did not make any changes to
bylaws, which were also adjusted to reflect the Bank’s risk the composition of its Board of Directors.
appetite. These policy adjustments and changes include
one made to Sharia Banking. APPRECIATION AND CLOSING
On behalf of the entire Board of Directors, we would like
The ITSC Committee has established key IT standards and to express our heartfelt gratitude and appreciation to all
procedures, as well as routine monitoring of progress on CIMB Niaga employees for their invaluable contributions
IT projects for the fiscal year 2023. The ITSC Committee that helped the Bank achieve outstanding performance.
has also made recommendations for a Cybersecurity We should also remember to acknowledge and appreciate
Strategic Plan to monitor cybersecurity threats to the the Board of Commissioners for their valuable advice,
Bank’s systems. input, and suggestions to the Board of Directors in 2023.
Finally, the RMC Committee carried out its tasks Our gratitude also extends to our loyal customers, who
effectively, including reviewing RAS indicators in light have chosen CIMB Niaga as their bank of choice as
of their relevance to business characteristics and risks they strive to grow their businesses and realize their
faced, determining portfolio limits and risk appetite dreams. We will continue to drive digital transformation
for products that follow market developments such as initiatives, improve digital channels, and introduce
KPR, channeling financing through Fintech, and others. innovative solutions to enhance customer experience
Drawing on the post-pandemic economic trend, the and convenience.
RMC Committee adjusted the Bank’s risk appetite for
exposures to specific industrial sectors and securities To our shareholders, business partners, and other
portfolios. stakeholders, we sincerely hope that we can maintain
the trust you have placed in us and establish the best
possible cooperation as the Bank moves forward with
sustainable business growth.
5 March 2024
Lani Darmawan
President Director
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Board of Directors
Lee Kai Kwong Tjioe Mei Tjuen Noviady Wahyudi Lani Darmawan Pandji P. Djajanegara
Director Director Director President Director Director
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Henky Sulistyo Joni Raini Rusly Johannes Fransiska Oei John Simon
Director Director Director Director Director
PT Bank
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Sharia Supervisory Board Report
Bismillaahirrahmaanirrahim Based on our observations, we can conclude that operational
Assalamu’alaikum wa rahmatullaahi wa barakatuh, activities for each and every product and service issued by the CIMB
Niaga sharia business unit during the fiscal year 2023 complied
Alhamdulillaahi rabbil ‘alamin, praise and gratitude; let with the fatwas of the National Sharia Council, the Indonesian
us praise Allah the Most High for His mercy and grace Ulema Council, and the sharia opinions we had previously issued.
towards us. May peace and blessings be bestowed upon In addition, all sharia banking transactions conducted by the sharia
our beloved Prophet Muhammad, his family, and his business unit followed the provisions of the Authority/Regulator
closest companions. as outlined in POJK/PBI and SEOJK/SEBI.
Our prime task as the Sharia Supervisory Board (DPS) of We can also see that, based on the provisions of the OJK and
the CIMB Niaga Sharia Business Unit (UUS) is to oversee the DSN MUI Fatwa, as well as the commitment and dedication
the activities of the CIMB Niaga Sharia Business Unit to of management and all employees, the sharia business unit
keep them compliant with sharia principles as part of performed well. Financially, the Sharia business unit increased
the Bank’s commitment to implement good corporate financing distribution by 17.1% to Rp55.2 trillion, up from
governance and maintain the trust of all Stakeholders, Rp47.2 trillion the previous year. Total assets remained stable
pursuant to Bank Indonesia Regulation No.11/33/ at Rp62.7 trillion. The non-performing financing ratio (gross
PBI/2009 and Bank Indonesia Circular Letter No.12/13/ NPF) was a modest 1.1%. CASA was recorded at Rp26.3 trillion,
DPbS concerning the Implementation of Good Corporate an increase of 29.74% from Rp20.2 trillion in the previous year.
Governance for Sharia Commercial Banks and Sharia The Sharia business unit generated a profit of Rp1.9 trillion
Business Units. before taxes in 2023.
As the Supervisory Board of the CIMB Niaga Sharia We would also like to point out that we found no practices
Business Unit in 2023, we actively carried out our oversight that violated Sharia principles during the fiscal year 2023. As
duties and responsibilities, as well as provided advice a result, we conclude that CIMB Niaga’s sharia business unit’s
and recommendations to assist the Sharia Business overall banking operations and transactions throughout the
Unit achieve growth. While doing so, we evaluated the year were sharia compliant.
unit’s operations in financing, fund raising, and service
transactions, as well as product development and other We also continue to encourage CIMB Niaga Sharia business
innovation initiatives. unit management to continue their good work with
enthusiasm and dedication so that they can best realize the
We also ensured that all operational activities of UUS hopes and targets they have set for the coming year. We are
CIMB Niaga followed the Fatwa of the National Sharia confident that by embracing sharia principles with sincerity
Council – Indonesian Ulema Council (DSN-MUI), and that and earnestness, we will always be able to provide sharia
we worked closely with CIMB Niaga management and all banking products and services that meet the needs of our
employees. We also oversaw a number of other projects, consumers.
including the development of a more in-depth and
comprehensive Dual Leverage Banking Model (DBLM), Finally, let us pray that Allahu Subhanahu wa Ta’ala grants us
which was supported by the implementation of the Sharia comfort and blessings for all of our efforts. Amin yaa rabbal
First program. We also conducted on-site supervision of ‘aalamin.
business and support units on a regular basis to ensure
compliance with CIMB Niaga’s sharia business unit. Waassalamu’alaikum wa Rahmatullaahi wa Barakatuh,
On behalf of the Sharia Supervisory Board
Prof. Dr. M. Quraish Shihab, MA
Chairman of the Sharia Supervisory Board
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Sharia Supervisory Board
Prof. Dr. Fathurrahman Djamil, MA Prof. Dr. M. Quraish Shihab, MA Dr. Yulizar Djamaluddin Sanrego, M.Ec.
Member Chairman Member
PT Bank
PT Bank
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CIMB
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ANNUAL REPORT
RESPONSIBILITY STATEMENT
Board of Commissioners’ Responsibility Statement for the 2023 Annual Report of PT Bank CIMB Niaga Tbk
We the undersigned, Board of Commissioners of PT Bank CIMB Niaga Tbk hereby declare that all information in the
2023 Annual Report of PT Bank CIMB Niaga Tbk is presented in its entirety, and that we take full responsibility for the correctness
of the contents of this Annual Report.
This statement is made in all truthfulness.
5 March 2024
By the undersigned,
Didi Syafruddin Yahya
President Commissioner
Glenn Muhammad Surya Yusuf
Vice President Commissioner (Independent)
Jeffrey Kairupan*) Sri Widowati Farina J. Situmorang**)
Independent Commissioner Independent Commissioner Independent Commissioner
Dato’ Abdul Rahman Ahmad Vera Handajani
Commissioner Commissioner
*
Appointed as Senior Independent Commissioner of the Bank through CIMB Niaga Board of Commissioners Circular Decree No.014/DEKOM/KP/VI/2019 dated 28 June 2019.
**
Appointed at the AGMS on 10 April 2023 and effective 25 January 2024.
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Board of Directors’ Responsibility Statement for the 2023 Annual Report of PT Bank CIMB Niaga Tbk
We the undersigned, Board of Directors of PT Bank CIMB Niaga Tbk, hereby declare that all information in the
2023 Annual Report of PT Bank CIMB Niaga Tbk is presented in its entirety, and that we take full responsibility for the correctness
of the contents of this Annual Report.
This statement is made in all truthfulness.
5 March 2024
By the undersigned,
Lani Darmawan
President Director
Lee Kai Kwong John Simon Fransiska Oei
Director Director Director
Pandji P. Djajanegara Tjioe Mei Tjuen Henky Sulistyo
Director Director Director
Joni Raini Rusly Johannes Noviady Wahyudi
Director Director Director
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Report Governance Responsibilities Data Statement
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03 Company
Profile
60 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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62 General Company Information
63 CIMB Niaga At a Glance
65 Name Change Information
65 Association Membership
66 Milestones
68 Corporate Vision, Mission,
Culture and Core Values
70 Corporate Identity (Logo)
71 Organization Structure
75 Business Activities
78 Business Network and
Operating Areas
80 Board of Commissioners’
Profiles
84 Board of Directors’ Profiles
89 Sharia Supervisory Board
Profiles
91 Information on the Changes in
Management Members After
the 2022 Financial Year
92 Senior Executives’ Profiles
107 Number of Employees and
Competency
Development Data Statistics
111 Shareholder Composition
116 Chronology of
Issuance and/or Listing of
Share
117 Chronology of Other Securities
Listings
118 Corporate Group Structure
120 Subsidiaries, Associations, and
Joint Venture Companies
123 List of Business Partnerships
123 Public Accountant and Public
Accounting Firm
124 Capital Market Supporting
Institutions and Professions
124 Access to Bank Data and
Information
125 Website Information
127 Education and/or Training of
The Board of Commissioners,
Board of Directors,
Committees, Corporate
Secretary and Internal Audit
Unit
140 Awards and Certifications
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General Company Information
Company Name SWIFT Code
PT Bank CIMB Niaga Tbk (CIMB Niaga) BNIAIDJA
Familiar Name Number of Employees in 2023
CIMB Niaga 11,116 Employee
Line of Business Total Assets in 2023
Banking Services Rp334.4 trillion
Date of Establishment 2023 Office Networks
26 September 1955 As of 31 December 2022, CIMB Niaga has 412 branches,
including conventional branch, sharia branch, Digital
Legal Basis of Establishment Lounge, Mobile Branch, and Kiosk. More detailed
Deed No. 90, made before Raden Meester Soewandi, information related to the office networks is available
dated 26 September 1955, and amended by Deed No. 9, in the Operational Areas and Network section in the
dated 4 November 1955, made before the same Notary. Company Profile Chapter of this Annual Report, and
The deed of establishment was ratified by the Ministry of branch addresses are in the Office Network Addresses
Law and Human Rights (formerly Ministry of Justice and section in the Other Corporate Data Chapter of this
Human Rights) No. J.A.5/110/15 dated 1 December 1955, Annual Report.
State Gazette No. 71, dated 4 September 1956, State Address of Head Office
Gazette Supplement No. 729/1956. Graha CIMB Niaga
Jl. Jend Sudirman Kav. 58, Jakarta 12190, Indonesia
Change of Name
Phone : +62 21 250 5252, 250 5353
On 26 September 1955, the Company was established
Fax. : +62 21 250 5205
under the name of PT Bank Niaga, and upon
becoming a Public Company by adjusting to Law No. Website
40 the Year 2007 on Company Law, therefore became www.cimbniaga.co.id
PT Bank Niaga Tbk. In 2008, the name changed to
PT Bank CIMB Niaga Tbk.
Contact Address
Merger History Corporate Secretary:
In 1973 Bank Niaga merged with PT Bank Agung, in 1978 corporate.secretary@cimbniaga.co.id
with PT Bank Tabungan Bandung, in 1983 with PT Bank
Amerta, and in 2008 with PT Bank Lippo Tbk. Investor Relations:
investor.relations@cimbniaga.co.id
Ownership
• CIMB Group Sdn Bhd 91.48% Contact Center:
• PT Commerce Kapital 1.02% Phone : 14041 atau +62 21 2997 8888 (overseas)
• Public Shareholders (<5%) 7.50% E-mail : 14041@cimbniaga.co.id
Authorized Capital
Rp2,900,000,000,000 or 50,886,460,336 shares, Contact Center Business Banking:
consisting of Class A shares at Rp359,269,680,000 of Phone : 14042 atau +62 21 8065 5111 (overseas)
71,853,936 shares at a nominal value of Rp5,000 per
share; and Class B shares at Rp2,540,730,320,000 or Social Media:
50,814,606,400 shares at a nominal value of Rp50 per Facebook : CIMB Niaga
share. Twitter : @CIMBNiaga
Instagram : cimb_niaga
Issued and Fully Paid-Up Capital YouTube : CIMB Niaga
Rp1,612,257,325,350 or 25,131,606,843 shares, LinkedIn : CIMB Niaga
consisting of Class A at Rp359,269,680,000 or
71,853,936 shares at a nominal value of Rp5,000 Subsidiaries
per share, and Class B at Rp1,252,987,645,350 or PT CIMB Niaga Auto Finance (83.28%)
25,059,752,907 shares at a nominal of Rp50 per Line of Business: Consumer Financing
share. Jl. Bintaro Utama 9 Blok B9/I No. 15,
Bintaro Jaya Sektor IX
IPO Date Kel. Pondok Pucung, Kec. Pondok Aren,
29 November 1989 Tangerang Selatan 15229
Phone : +62 21 2788 1800
Stock Exchange Fax. : +62 21 2788 1900
PT Bursa Efek Indonesia Call Center : 0804 1 090909
E-mail : info@cnaf.co.id
Situs Web : www.cnaf.co.id
Share and Bond Code
BNGA
PT CIMB Niaga Sekuritas (97.32%)
Line of Business: Securities Company
ISIN Code Graha CIMB Niaga 25th Floor
D1000098007 Jl. Jend. Sudirman Kav. 58, Jakarta Selatan 12190
Phone : +62 21 5084 7847
Fax. : +62 21 5084 7849
E-mail : corsec@cimbniaga-ibk.co.id
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CIMB NIAGA at a Glance
as a foreign exchange bank based on Bank Indonesia’s
Board of Directors Decree No. 7/116/Kep/Dir/UD dated
22 November 1974. CIMB Niaga became widely known as
a trusted provider of quality products and services. In the
course of its business, the Bank recorded a number of
achievements and helped determine the direction of the
banking industry’s development in Indonesia.
In 1987, CIMB Niaga made its mark in history as the
first local bank that introduced baking services through
Automatic Teller Machine (ATM) in Indonesia. This
achievement is widely regarded as Indonesia’s entry
point into the modern banking world.
CIMB Niaga then became a public company by listing
its registered shares on the Indonesia Stock Exchange
(formerly PT Bursa Efek Jakarta and PT Bursa Efek
Surabaya) on 29 November 1989. The Bank’s leadership
and innovation in applying the latest technology became
increase well known in 1991 by becoming the first Bank
to provide online banking services.
On 16 September 2004, the Bank began to conduct
banking business activities based on sharia principles
after obtaining a business license through the Governor
of Bank Indonesia Decree No. 6/71/KEP.GBI.2004 by
establishing Sharia Business Units.
Due to the Asian financial crisis in 1998, the majority
shares ownership of the Bank was transferred to the
Government of the Republic of Indonesia through the
BRIEF HISTORY Indonesian Bank Restructuring Agency (IBRA). Then
PT Bank CIMB Niaga Tbk, hereinafter referred to in 2002, CIMB Group Holdings Berhad (CIMB Group),
as “CIMB Niaga” or “Bank,” was established on 26 formerly Commerce Asset Holding Berhad, acquired a
September 1955, based on Deed of Establishment No. majority of shares in the Bank from IBRA.
90 made before Raden Meester Soewandi, Notary in
Jakarta on 26 September 1955, with the name PT Bank In a separate transaction, Khazanah, the majority
Niaga, and amended with a deed made before the same shareholder of CIMB Group, acquired majority ownership
Notary, Deed No. 9 on 4 November 1955. This Deed of of Lippo Bank on 30 September 2005.
Establishment was approved by the Ministry of Justice of
the Republic of Indonesia (now the Ministry of Law and In 2007, the ownership of the total shares was transferred
Human Rights) through Decision No. J.A.5/110/15 dated to CIMB Group as part of an internal reorganization to
1 December 1955, and announced in the State Gazette consolidate the activities of all CIMB Group subsidiaries
of the Republic of Indonesia No. 71 dated 4 September with a universal banking platform. The majority of the
1956, and additional Official Gazette No. 729/1956. Bank’s shares, 92.5%, are owned directly and indirectly by
CIMB Group Sdn. Bhd., the fifth largest universal banking
The Bank obtained a business license as a commercial group in ASEAN, and which has extensive regional
bank on 11 November 1955, based on the Minister networks in Indonesia, Malaysia, Thailand, Singapore,
of Finance of the Republic of Indonesia Decree Cambodia, Brunei Darussalam, Vietnam, Myanmar, Laos,
No. 249544/U.M.II, that was then followed by a license and the Philippines.
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As the controlling shareholder of CIMB Niaga (through CIMB Niaga is committed to meeting the banking needs
CIMB Group) and Lippo Bank since 2007, Khazanah of its cutomers in a comprehensive manner. Currently,
completed a merger as a part of a measure to comply CIMB Niaga continues to provide comprehensive leading
with the Single Presence Policy (SPP) stipulated by Bank banking products and services, covering the consumer
Indonesia. This was the first merger in Indonesia related banking, small and medium enterprise (SME) banking,
to the SPP policy. commercial banking, and corporate banking segments.
This effort is supported by treasury & capital market
In 2008, before the merger, PT Bank Niaga Tbk changed and transaction banking capabilities, as well as reliable
its name to PT Bank CIMB Niaga Tbk (rebranding) based branchless banking networks. CIMB Niaga also offers
on Deed No. 38 dated 28 May 2008, made before Dr. sharia products and services through the CIMB Niaga
Amrul Partomuan Pohan, S.H., LLM, Notary in Jakarta Sharia Business Unit. One of CIMB Niaga’s advantages
and approved by the Ministry of Law and Human is that its Transaction Banking capability offers various
Rights of the Republic of Indonesia through letter leading products and services and comprehensive
No. AHU-32968.AH.01.02 year 2008 dated 13 June 2008, solutions for customers to manage their domestic and
and the Governor of Bank Indonesia Decree No. 10/56/ cross-border financial operations transactions. These
KEP.GBI/2008 dated 22 July 2008. solutions include cash management, remittance, trade
finance, and value chain.
The Bank incorporated Lippo Bank into CIMB Niaga
based on the Governor of Bank Indonesia Decree CIMB Niaga customers are given the convenience
No.10/66/KEP.GBI/2008 dated 15 October 2008, of being able to conduct a wide variety of payment
regarding “Granting Permit for Business Merger of transactions digitally without having to go to branch
PT Bank Lippo Tbk to PT Bank CIMB Niaga Tbk”, as well office by utilizing the BizChannel@CIMB application for
as the receipt of the letter from the Minister of Law and the business segment as well as OCTO Mobile and OCTO
the Human Rights of the Republic of Indonesia Letter Clicks for individual customers. Furthermore, CIMB Niaga
No. AHU-AH.01.10-22669 dated 22 October 2008. complements its advantages by facilitating its customers
to conduct transactions and utilize other banking services
This merger received an effective notification from through OCTO Pay, Digital Lounge, QRIS and others.
Bapepam-LK through letter No. S-4217/BL/2008, dated
30 June 2008. The effective date of the business merger As of the 2023 financial year, CIMB Niaga has a network
with Bank Lippo took place on 1 November 2008, based of 412 branch offices, including Sharia Branches, Digital
on Deed No. 9 dated 16 October 2008, made before Lounges, Mobile Branches. and Kiosks, 2,982 ATM units, 4
Notary Dr. Amrul Partomuan Pohan, S.H., LLM, Notary Multi Denom Machine (MDM) units, and 907 Cash Recycle
in Jakarta. This merger was a monumental step in the Machine (CRM) units, as well as 11,116 employees spread
Southeast Asian banking sector and provided CIMB Niaga throughout Indonesia.
the advantage of connectivity to the ASEAN regional
network through the CIMB Group. Moving forward, CIMB Niaga will continue to deploy all of
its resources to create synergies between business units
and the CIMB Group as an effort to create sustainable
growthby adhering to the Bank’s core values, CIMB Niaga
is confident in its ability to remain at the forefront and to
be the best in providing banking services to the public.
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Name Change Information
Initial Company Name PT Bank Niaga Tbk
Deed of Establishment No. 90
Deed of Establishment Date 26 September 1955
Name Change PT Bank CIMB Niaga Tbk
Deed of Name Change No. 38
Deed of Name Change Date 28 May 2008
Notary Name Dr. Amrul Partomuan Pohan, S.H., LLM, Notary in Jakarta
Effective Date of Name Change 13 June 2008
Ratification of Name Change Ministry of Law and Human Rights of the Republic of
Indonesia Letter No. AHU-32968.AH.01.02 Tahun 2008
dated 13 June 2008
Business License Approval Following Name Change Governor of Bank Indonesia Decree No. 10/56/KEP.
GBI/2008 dated 22 July 2008
Reason for Change Adjustment to the name of the Majority Shareholder
Membership in Associations
Organization Name Membership Status
National Bank Association (PERBANAS) Director of Compliance, Corporate Affairs & Legal serves
as the Chairwoman of Legal & ESG, while several other
Directors serves as members
Indonesian Payment System Association (ASPI) Regular/ Active
Indonesian Credit Card Association (AKKI) Active
Indonesian Banking Dispute Resolution Alternative Active
Agency (LAPS-SJK)
Indonesian Issuers Association (AEI) Active
Indonesia’s Sustainable Finance Initiative Active
Indonesian Corporate Secretary Association (ICSA) Director of Compliance, Corporate Affairs & Legal as
Member
Communication Forum of Banking Compliance Directors Director of Compliance, Corporate Affairs & Legal
(FKDKP) Director as Chairwoman
ACI Financial Market Association (ACI FMA) Indonesia Active
Indonesia Foreign Exchange Market Committee (I-FEMC) Active
Indonesian Bankers Association (IBI) Active
Indonesian Chamber of Commerce & Industry (KADIN) Active
Communication Forum for Director of Banking Director of Operations & Information Technology as
Operational (FKDOP) General Treasurer
Indonesian Employers’ Association (APINDO) Active
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Milestones
01 Established under the name of
02 Merged with:
PT Bank Niaga • Bank Agung in 1973
1955
• Bank Tabungan Bandung in 1978
• Bank Amerta in 1983
1973-1983
07 Launched
08 Rights Issue
09 • Name change to PT Bank CIMB Niaga Tbk
Sharia Banking Rp1.3 trillion • Effective merger between CIMB Niaga & Lippo Bank
2004 2005
• The 5th largest bank in Indonesia
2008
12 • Launched Digital Lounge
13 Launched the first
14 • Implemented “Core Banking System”
• Launched Rekening Ponsel online time deposits using one platform (”1P”) scheme
• Launched Poin Xtra opening in Indonesia • Launched Visa Credit Card Pay Wave
• Launched Net Banking - online through CIMB Clicks Card and sticker (contactless)
2014 2016
account opening
2013
17 • Launched the Self-
18 • The Go Mobile app
19 Launched OCTO Friends, a
Service Banking transformation into OCTO referral application for CIMB
engine with new Mobile with full features like Niaga products
2021
features, namely the Super App
card replacement • Launched OCTO Clicks,
and fast data enhancement of CIMB Niaga
updating in just 5 internet banking utilizing the
minutes. latest advanced features
2020
• Launch of the Waqf
QR
2019
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03 The first bank
04 Initial Public
05 The first bank to
06 CIMB Group
to launch an ATM Offering (IPO) in provide Online took over 50.99%
1987 2002
the Surabaya Stock Banking services
1991
Exchange
1989
10 Launched BizChannel
11 • Launched new mobile banking platform - Go Mobile
and CIMB Clicks internet • Launched Phone Banking service 14041 and
banking platforms Preferred Phone Banking 1 500 800 with various
2010
exclusive features
2012
15 • Bank status raised to BUKU 4 Bank by OJK, the highest
16 • Became the first Public Company in Indonesia to
classification for banks conduct shareholders electronic voting (e-voting) at the
• Established 2nd call center in Yogyakarta General Meeting of the Shareholders.
• Launched Indie Account saving product • Launched Precious Card credit card
• Launched BizChannel@ CIMB for corporate customers • Launched Debit Contactless
• Launched New Go Mobile services • Digital Lounge@Campus
2017 2018
20 21
• OCTO Card Launch • Launched New OCTO Mobile
• Won the ASEAN Top 20 PLCs Award in the 2021 ASEAN
Corporate Governance Scorecard Award • Non-preemptive Rights issuance (NPR)
2022
• Grand Champion of Annual Report Award
2022
2023
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Corporate Vision, Mission,
Culture, and Core Values
VISION
To be the Leading ASEAN
Company
MISSION
Providing integrated universal banking services in
Indonesia as a company with outstanding performance
in the ASEAN region and other key regions, while also
promoting the rapid acceleration of ASEAN integration
and connectivity with other regions.
Review Vision and Mission
CIMB Niaga has reviewed the suitability of the Company’s Vision and
Mission for the current state of the Bank and future business challenges.
Based on the review conducted by the Bank’s management at the Year End
Senior Leaders Meeting on 8 December 2023, which was attended by the
Board of Directors and representatives of the Board of Commissioners, it
can be concluded that the Company’s Vision and Mission remain relevant
with CIMB Niaga’s current conditions and to address future challenges.
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Corporate Values and Culture Corporate Identity (Logo)
Logomark Logotype
LOGO
Spot Colour: 4-Colour Process (CMYK):
Pantone® 202C C 0% M 100% Y 85% K 60%
Pantone 485C
®
C 0% M 100% Y 100% K 0%
ENABLING TALENT
Our commitment is to empower and develop every employee and
strive to be the best place for the best talent.
Greyscale:
PASSION Black 100%
We pursue excellence in all we do and deliver beyond the ordinary. Black 50%
The official logo of CIMB Niaga consists of 2 (two) main elements, namely the logo mark and the logotype, where both
INTEGRITY & ACCOUNTABILITY elements show an integral logo that cannot be separated. The CIMB Niaga logo is specifically designed to capture the
Our commitment is to act in an ethical and trustworthy manner and Company’s identity and values.
be accountable of all of our actions.
Separately these two elements have the following meanings:
• Logomark
COLLABORATION Logo symbol is an arrow motive formed with square graphics. This symbol illustrates the value and spirit of the
We commit to team over individual success, as CIMB Niaga’s success Company to always think and step forward.
is my success as well as our collective success.
• Logotype
Serves to strengthen logomark as a descriptive word. All logotypes have the initials ‘CIMB’ and the suffix ‘Niaga’.
CUSTOMER CENTRICITY To ensure quality and consistency, the official CIMB logo cannot be changed or modified.
Our determination is to put customers first and always do right by
them.
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Organization Structure
GENERAL MEETING OF
SHAREHOLDERS (GMS)
SHARIA SUPERVISORY PRESIDENT DIRECTOR
BOARD Lani Darmawan
RISK MANAGEMENT COMMITTEE ASSET & LIABILITY COMMITTEE INFORMATION TECHNOLOGY CREDIT POLICY COMMITTEE
(RMC) (ALCO) STEERING COMMITTEE (CPC)
(ITSC)
CHAIRWOMAN CHAIRWOMAN CHAIRWOMAN CHAIRWOMAN
Lani Darmawan Lani Darmawan Lani Darmawan Lani Darmawan
VICE CHAIRMAN 1 VICE CHAIRMAN 1 VICE CHAIRWOMAN 1 VICE CHAIRMAN 1
Henky Sulistyo Lee Kai Kwong Tjioe Mei Tjuen Henky Sulistyo
VICE CHAIRMAN 2 VICE CHAIRMAN 2 VICE CHAIRMAN 2 VICE CHAIRMAN 2
Lee Kai Kwong John Simon Lee Kai Kwong Noviady Wahyudi
MEMBER MEMBER MEMBER MEMBER CONSUMER BANKING BUSINESS BANKING TREASURY & CAPITAL MARKET
1. Tjioe Mei Tjuen 1. Henky Sulistyo 1. Henky Sulistyo 1. John Simon DIRECTOR DIRECTOR DIRECTOR
2. John Simon 2. Rusly Johannes 2. Noviady Wahyudi 2. Tjioe Mei Tjuen Noviady Wahyudi Rusly Johannes John Simon
3. Noviady Wahyudi 3. Noviady Wahyudi 3. John Simon 3. Fransiska Oei
4. Fransiska Oei 4. Pandji P. Djajanegara 4. Pandji P. Djajanegara 4. Lee Kai Kwong
5. Pandji P. Djajanegara 5. Rusly Johannes 5. Pandji P. Djajanegara
6. Rusly Johannes SECRETARY 6. Fransiska Oei 6. Rusly Johannes
7. Joni Raini Roy Bahren Siregar 7. Joni Raini 7. Joni Raini
8. Megawati Sutanto 8. Antonius Gunadi 8. Megawati Sutanto
9. Antonius Gunadi 9. Budiman Tanjung 9. Antonius Gunadi CHIEF OF NETWORK AND
10. Budiman Tanjung 10. Santori Malinton DIGITAL BANKING
(member concurrently secretary) SECRETARY Budiman Tanjung
SECRETARY 11. Hartono Agus Wahdinie Musmar
Nurpatria Sumirat
HEAD OF PREFERRED,
HEAD OF REGION HEAD OF DIGITAL BANKING, HEAD OF CORPORATE HEAD OF COMMERCIAL HEAD OF TRADING &
WEALTH AND INSURANCE
(JKT A) BRANCHLESS & PARTNERSHIP BANKING BANKING STRUCTURING
BUSINESS
Evita Barliana Lusiana Saleh Miranty Supardi Widodo Suryadi Ferdinand R. W.
Ariteguh Arief
HEAD OF CONSUMER HEAD OF STRUCTURED &
HEAD OF REGION HEAD OF NON BRANCH HEAD OF DIGITAL HEAD OF TREASURY SALES &
STRATEGY & PARTNERS SYNDICATED FINANCE AND
(JKT B) CHANNEL ECONOMY DISTRIBUTION
DEVELOPMENT LOAN AGENCY
Adeline Hendarto T. Heintje Mogi Dedi Sahat Hernaman Tandianto
Wijaya Handoyo Jo Chialmi D. Rosalim
HEAD OF CREDIT CARD,
HEAD OF REGION HEAD OF RISK HEAD OF FINANCIAL HEAD OF GOVERMENT HEAD OF MONEY MARKET &
MERCHANT, PERSONAL
(SUMATERA) CONTROL UNIT INSTITUTION RELATIONS FUNDING
FINANCING BUSINESS
Maya Sartika Aurelia Mulyono Linda Marshelia Rudy B.M. Hutagalung Aulia Mochtar
Trisna Lucia M.S.
HEAD OF SECURED LENDING
HEAD OF REGION HEAD OF NDB BUSINESS & HEAD OF TRANSACTION HEAD OF RCU & TCM PB RISK
BUSINESS & CONSUMER CREDIT
(JABAR & JATENG) SALES STRATEGY BANKING PRODUCT ANALYTIC
UNDERWRITING
Andiko S. Melinda Kussala Dewi Amir Mirza Daniel E. Hutapea
Djojo Boentoro
HEAD OF TRANSACTION
HEAD OF REGION HEAD OF CONSUMER
BANKING SALES, SERVICE & ECONOMIST
(JATIM) COLLECTION & RECOVERY
DELIVERY Mika Martumpal
Rhena Octaria Banyon Anantoseno
Joni Hermanto
HEAD OF BUSINESS HEAD OF TB BUSINESS
HEAD OF REGION
PERFORMANCE STRATEGY & LIABILITY HEAD OF TREASURY ISLAMIC
(KALIMANTAN)
MANAGEMENT MANAGEMENT Agus Setiono
Alip Hanoky
Aris Susanta Patricia H.
HEAD OF MARKETING,
HEAD OF REGION HEAD OF RISK CONTROL
BRAND, & CUSTOMER HEAD OF PRIVATE BANKING
(INDTIM & BALI NUSRA) UNIT (COBA, FI, TB)
EXPERIENCE Juliana
Ahmad Ilham Ratri Setyorini
Vacant
HEAD OF BRANCH
HEAD OF RISK CONTROL
TRANSFORMATION &
UNIT (CONSUMER BANKING)
NETWORK PLANNING
Maya Latif
Gerry S. Tenges
HEAD OF NETWORK SERVICE
& OPERATIONS
Juto Budihardjo
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INTEGRATED GOVERNANCE CHAIRMAN
COMMITTEE Jeffrey Kairupan
MEMBER MEMBER MEMBER MEMBER MEMBER
Endang Kussulanjari S. Serena K. Ferdinandus Yulizar D. Sanrego Achiran Pandu Djajanto Angelique Dewi Daryanto
NOMINATION & REMUNERATION CHAIRWOMAN
COMMITTEE Sri Widowati
MEMBER MEMBER MEMBER
Didi Syafruddin Yahya Glenn M. S. Yusuf Nora Joice Kimbal
BOARD OF
COMMISSIONERS RISK OVERSIGHT CHAIRMAN
COMMITTEE Glenn M. S. Yusuf
MEMBER MEMBER MEMBER MEMBER** MEMBER MEMBER
Didi Syafruddin Yahya Jeffrey Kairupan Vera Handajani Farina J. Situmorang Sri Indrastuti S. Hadiputranto Ronald T. A. Kasim
CHAIRMAN
AUDIT COMMITTEE Jeffrey Kairupan
MEMBER MEMBER MEMBER MEMBER
Glenn M. S. Yusuf Endang Kussulanjari S. Angelique Dewi Daryanto Riatu Mariatul Qibthiyyah
COMPLIANCE,
SHARIA BANKING RISK MANAGEMENT OPERATIONS & INFORMATION HUMAN RESOURCES STRATEGY, FINANCE & SPAPM
CORPORATE AFFAIRS &
DIRECTOR DIRECTOR TECHNOLOGY DIRECTOR DIRECTOR DIRECTOR
LEGAL DIRECTOR
Pandji P. Djajanegara Henky Sulistyo Tjioe Mei Tjuen Joni Raini Lee Kai Kwong
Fransiska Oei
CHIEF SPECIAL ASSET
CHIEF AUDIT EXECUTIVE
OFFICER
Antonius Gunadi
Megawati Sutanto
HEAD OF HRBP 1 HEAD OF HEAD OF AUDIT –
HEAD OF SHARIA HEAD OF OPERATIONAL RISK HEAD OF LOAN WORKOUT HEAD OF WHOLESALE HEAD OF LEGAL/
(BB, TB,TCM, RISK, SA & AFM) HEAD OF FINANCE TRANSFORMATION & BUSINESS BANKING &
BUSINESS BANKING MANAGEMENT (CORPORATE BANKING) BANKING OPERATIONS GENERAL COUNSEL
& IR Stella Fiona STRATEGY OFFICE CONSUMER BANKING
Riboet Budiono Julius Wiantara Thjioe Suherman Onihana Tajindra Pal Singh Surya Kirana Sulistyo
Pribadi Wijayanti Eric Augie Saputra Banar Gratianus
HEAD OF HRBP 2
HEAD OF RISK ANALYTICS & HEAD OF LOAN WORKOUT HEAD OF CONSUMER HEAD OF COMPLIANCE HEAD OF OPERATIONAL HEAD OF AUDIT- HEAD OF ANTI FRAUD HEAD OF EMERGING
HEAD OF SHARIA CONSUMER (ENABLERS, OIT)
INFRASTRUCTURE (COMBA & EBB) BANKING OPERATIONS MANAGEMENT ACCOUNTING ENABLER MANAGEMENT BUSINESS BANKING
Bung Aldilla & TALENT PARTNERSHIP
Koei Hwei Lien* Lena Albert Suhandinata Liston Siahaan Ria Yohanita Elisa Gunawan Antonius Sukriswanto Tony Tardjo
Solihin Hakiekie
HEAD OF NON-RETAIL HEAD OF OIT RISK CONTROL HEAD OF HRBP 3 HEAD OF STRATEGIC HEAD OF AUDIT –
HEAD OF SHARIA RCU & HEAD OF FORECLOSED ASSET & HEAD OF ANTI MONEY
CREDIT POLICY AND UNIT & STRATEGIC RISK (CONSUMER, NDB, & SHARIA) & PROCUREMENT & ADMIN TECH ASSURANCE
BUSINESS PROCESS BUSINESS PLANNING LAUNDERING
ASSURANCE TESTING ANALYTICS MASS RESOURCING PROPERTY MANAGEMENT & DATA ANALYTICS
Hotamawaty Paskalina Singara Peter Gunawan
Wahdinie Musmar Ketut Meliana Saputra Andi I. Dalimunthe Waskin Fransiska Liminda H
HEAD OF DECISION
HEAD OF SHARIA ADVISORY & HEAD OF RETAIL CREDIT HEAD OF INFORMATION HEAD OF CORPORATE HEAD OF LEARNING & HEAD OF AUDIT – OPERATION,
MANAGEMENT AND
LEGAL RISK MANAGEMENT TECHNOLOGY SECRETARY DEVELOPMENT NETWORK & SHARIA
ADVANCE ANALYTICS
Syamsul Aidi B. Koei Hwei Lien Santori Malinton Fransiska Oei* Muhammad Shodiq Lydiya Widjaja
Angelica Permatasari
HEAD OF SHARIA STRATEGY, HEAD OF MARKET RISK HEAD OF GOOD HEAD OF CAPITAL & HEAD OF AUDIT –
HEAD OF OIT OFFICE, COST HEAD OF HR SHARED
PERFORMANCE, REPORTING, MANAGEMENT & MODEL CORPORATE GOVERNANCE & BALANCE SHEET PROFESSIONAL
MANAGEMENT & ANALYTICS SERV.& MIS
ANALYTICS, & TRANSFORMATION VALIDATION SUSTAINABILITY MANAGEMENT PRACTICES
Magdalena Nora Joice Kimbal
Ulil Amri Diva Mahdi Lina Roy Bahren Sudono Salim
HEAD OF AUDIT – TB,
HEAD OF HR STRATEGY, HEAD OF TAX
HEAD OF ALM RISK HEAD OF CYBER SECURITY RISK MANAGEMENT,
CULTURE, & RISK CONTROL MANAGEMENT
Sandi Maruto Hartono Agus TREASURY & PRODUCT
Eric G. Kosasih Iwan Pujiharto
Albert Agustius
HEAD OF NON-RETAIL CREDIT HEAD OF NON RETAIL CREDIT HEAD OF REWARDS HEAD OF RCU
RISK MANAGEMENT ADMINISTRATION & BUDGETING (SF & SPAPM)
Tjahjadi Yapeter I Gusti Ngurah Dwi S. Livia Sutanto Faizin Setiadi*
Description:
D-0/Director
D-0/Chief
D-1
*)
Interim
**)
Appointed at the AGMS on 10 April 2023 and effective 25 January 2024.
PT Bank CIMB Niaga Tbk | Annual Report 2023 73 PT Bank CIMB Niaga Tbk | Annual Report 2023 74
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Line of Business BUSINESS ACTIVITIES CONDUCTED IN THE
2023 FINANCIAL YEAR
• Electronic Data Capture (EDC)
• OCTO Merchant
• Payment Gateway (PG)
Up to the fiscal year ended 31 December 2023, CIMB • QRIS (Static and Dynamic)
Niaga has carried out all of its business activities in • OCTO Clicks
accordance with the guidelines stipulated in the Bank’s • OCTO Mobile
BUSINESS ACTIVITIES PURSUANT TO ARTICLES 7. Accept payments from commercial paper and most recent Articles of Association. • BizChannel@CIMB
• BizChannel@CIMB Mobile
OF ASSOCIATION perform calculations with or among third parties;
• Account Balance Consolidation
According to the most recent CIMB Niaga Articles of 8. Provide safe deposit boxes to store valuable goods CIMB NIAGA PRODUCTS AND SERVICES • API (Application Programming Interface) – SNAP
Association, CIMB Niaga was established with the goal and commercial papers; (Standar Nasional Open API Pembayaran)
and objective of carrying out business activities in the 9. Perform custodian activities for the interest of other SAVINGS PRODUCTS o API Balance Inquiry
Commercial Banking sector, as stated in Deed No. 14 parties based on an agreement; • CIMB Junior o API Transaction History List
• Indie Account o API Transaction Status
dated 8 April 2022, made before Ashoya Ratam, S.H.,
• OCTO Savers o APi Account Binding
M.Kn., Notary in the Administrative City of South Jakarta. 10. Place funds from a customer to another customer • Xtra Savers o API Intrabank Transfer
To achieve these goals and objectives, CIMB Niaga may in the form of commercial papers not listed on stock • Xtra Saver Manfaat o API Interbank Transfer (BI Fast/ GPN)
engage in the following main and supporting business exchanges; • Tabungan Investor o API Intrabank to Virtual Account
activities: 11. Perform factoring activities, credit card business, • TabunganKu o API SKNBI
and trusteeship activities; • Tabungan SimPel (Student Savings) o API RTGS
• XTRA Pandai o API Virtual Account
MAIN BUSINESS ACTIVITIES 12. Perform activities in foreign exchange in compliance
• GOAL Savers o API Direct Debit (Octocash)
1. Collect funds from the public in the form of deposits, with the provisions stipulated by Bank Indonesia and • Time Deposit o API QRIS MPM Acquiring
namely current accounts, time deposits, certificates Financial Services Authority (OJK); • Giro Usaha o API QRIS CPM Acquiring
of deposits, saving accounts, and/or other equivalent 13. Perform sharia-compliant banking activities in • Giro (Individual/Corporate) • API Non SNAP
forms, both in Rupiah and foreign currencies; compliance with the provisions stipulated by Bank o API Bill Payment
2. Provide loans, either long-term, medium-term, Indonesia and Financial Services Authority (OJK); SHARIA SAVINGS PRODUCTS o API Online Credit Card Payment
• Tabungan iB Pahala Wadiah/Mudharabah o API QRIS Cash OutAPI TD Inquiry
or short-term, or loans in other forms that are 14. Perform marketing agency activities for non-
• Tabungan iB Xtra o API RDN (Rekening Dana Nasabah)
commonly provided in the banking sector, both in banking products such as insurance, mutual • Tabungan iB Payroll Wadiah/Mudharabah o API RDL (Rekening Dana Lender)
Rupiah and foreign currencies; funds, government bonds, or others pursuant to • Tabungan Investor iB o API ATM/ Branch Locator
3. Issue acknowledgment of indebtedness (debt regulations. • Xtra Savers iB o API Calculator
instruments); • Xtra Savers iB Valas o API Referal
4. Purchase, sell, or collateralize at its own risk or for SUPPLEMENTARY BUSINESS ACTIVITIES • Deposito iB IDR/USD iB o API Bank Product Information
• Goal Savers iB • Bulk Payment
the interest and as per instruction of its customers: 1. Purchase through auctions or by other means, • Giro iB Wadiah • e-Chain
a. Commercial bill of exchange including those collateral either wholly or partially in terms of the • Giro Usaha Mudharabah iB (Individual/Corporate) • e-Factoring
accepted by banks with validity periods no longer debtors default on their obligations to the Bank, • Giro iB Mudharabah (Individual/Corporate) • e-Notification
than the customary commercial instruments; under the condition that the purchased collateral is • e-Statement & e-Combine Statement
b. Acknowledgment of indebtedness and other required to be immediately disbursed; INDIVIDUAL LOANS • e-Tax Payment
• Mortgage • Fax Statement
commercial papers with validity periods 2. Perform capital investment in a bank or other financial
• Auto Loan Joint Financing • OCTO Pay (e-Money)
no longer than the customary commercial institution, such as leasing, joint venture, consumer • Consumer loan products with cash and securities as • Video Banking
instruments; financing, securities or insurance companies or in a collateral (Personal Credit Line) • Digital Lounge
c. State treasury notes and government guarantee clearing and guarantee institution, and settlement • Xtra Dana (Personal Loan) • Domestic and International Transfers
instruments; and custodian institutions in accordance with Bank • Credit Card • Cardless Cash Withdrawals and Deposits
d. Bank Indonesia Certificates (SBI); Indonesia and OJK regulations; • Corporate Credit Card • Bills Payment & Top Up (Phone Credit, Internet/Data,
• Xtra Kasbon PLN and e-Wallet)
e. Bonds; 3. Perform temporary capital investments to manage
• OCTO Loan • Virtual Card Number (VCN)
f. Promissory notes valid up to 1 (one) year the consequences of default, or sharia-based • Account Opening (Rupiah and foreign exchange),
pursuant to prevailing laws and regulations; financing default, under the condition that the SHARIA INDIVIDUAL FINANCING Credit Cards, Mutual Funds, Bonds, Insurance and
g. Other commercial instruments valid up to 1 investment shall be withdrawn in compliance with • Mudharabah Muqayyadah Time Deposits Online
(one) year, pursuant to prevailing laws and Bank Indonesia and/or OJK regulations; • Mortgage iB • Bulk Transactions & Scheduled Transactions
regulations. 4. Act as pension fund founder and pension fund • Indirect Auto Financing iB • Financial Check-Up: See Total Fund Placement, and
• Xtra Dana iB (Personal Financing iB) Outgoing/Incoming Money Flows
5. Transfer funds in the interests of both the bank and manager pursuant to the laws and regulations
• Sharia Credit Card • Pay with OCTO Mobile by scanning QR and Scan QRIS
its customers; concerning pension funds; • Foreign Exchange Transactions to Own Accounts at
6. Place funds in, borrow from, or lend to other banks 5. Perform other supporting activities to sustain ELECTRONIC ACCESS FACILITIES Competitive Rates
using notes, telecommunication devices, sight drafts, the Bank’s main business activities as commonly • Contact Center CIMB Niaga: 14041/+6221-29978888 • Travel Concierge: Buy Airline Tickets Through the
checks, or any other means; performed by a bank as long as they do not (from overseas) Mobile Banking Application
• Preferred Assistant 1500800 • Buy Games Vouchers
contravene any laws and regulations.
• Contact Center BizChannel@CIMB: 14042 • Checks and Points Xtra Transactions (Loyalty Points)
• Preferred Assistant • Cash Plus facility via OCTO Mobile/Clicks
• Debit Card • Installment facility via OCTO Mobile/Clicks
• Automatic Teller Machine (ATM) • Credit Protector registration facility via OCTO Mobile
• Cash Recycling Machine (CRM) • OCTO Cash
• Multi-Denom Machine (MDM) • OCTO Card (Digital Credit Card)
• Waqf
• Visa Direct Credit Card Bill Payment
75 PT Bank CIMB Niaga Tbk | Annual Report 2023 76 PT Bank CIMB Niaga Tbk | Annual Report 2023
Page 75
Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
BUSINESS, TREASURY, AND CORPORATE BANKING • Call Money
• Working Capital Loan • Negotiable Certificate of Deposit
• Investment Loan • Forward Goal Saver
• Syndicated Loan • Bank Indonesia Rupiah Securities (SRBI)
• Partnership (Linkage Program) • Bank Indonesia Foreign Exchange Securities (SVBI)
• Trustee & Agency Services • Bank Indonesia Foreign Currency Sukuk (SUVBI)
• Custodian Services • Sustainability Linked Loan/Financing
• Payment Bank • Sustainable Financing
• Investor’s Fund Account Administrator Bank
• Intraday SHARIA BUSINESS, TREASURY, AND CORPORATE
• Value Chain - Distributor/Dealer Financing BANKING
• Value Chain - Supplier Community Finance • Working Capital Financing iB and USD Working Capital
• Factoring iB
• Bid Bond • Investment Financing iB and USD Investment iB
• Performance Bond • Current Account Financing (PRK) iB
• Retention Bond • FX Today/Tom/Spot
• Payment Bond • Sharia Hedging
• Maintenance Bond • Bank Notes
• Custom Bond • Buying and Selling Sukuk
• Advance Payment Bond • Issuance of Sukuk Mudharabah
• Counter Guarantee • Maintenance Bond iB
• Shipping Guarantee • Tender or Bid Bond iB
• Standby Letter of Credit • Performance Bond iB
• Issuance of Letter of Credit - Sight and Usance • Retention Bond iB
• Issuance of Domestic Letters of Credit (SKBDN) – Sight • Payment Bond iB
and Usance • Advance Payment Bond iB
• Inward Documentary Collection-D/P and D/A • Custom Bond iB
• Usance Payable At Sight/Usance (UPAS/UPAU) • Counter Guarantee iB
• Post Import Financing/Trust receipt • Shipping Guarantee iB
• Import Tax - PIB/PIBT • Standby Letter of Credit iB
• LC Advising of Export Letter of Credit/SKBDN • Issuance of Letter of Credit iB – Sight and Usance
• Transfer Letter of Credit • Issuance of SKBDN iB (Domestic Letter of Credit)
• SKBDN Negotiation/Discounting with Facilities • Post Import Financing/TR iB
• SKBDN Negotiation/Discounting without Facilities • Continuation/Transfer of Export Letter of Credit iB
• Negotiation/Discounting on Export Letter of Credit • Export LC Financing iB or SKBDN with Facilities iB
with Facility • Export LC Financing iB or SKBDN without Facilities iB
• Negotiation/Discounting on Export Letter of Credit • Outward/Inward Documentary Collections D/P iB and
without Facility D/A iB
• Outward Documentary Collection-D/P and D/A • Account Receivable Financing iB
• Pre-Shipment Financing • Account Payable Financing iB
• Trade Loan Account Receivable • Pre-Shipment Financing iB - Salam
• Trade Loan Account Payable • Supply Chain Financing iB
• Confirmation Letter of Credit
• Avalisasion OTHER SERVICES
• Forfaiting • Bank Draft
• Risk Participation • Special Funds Transfer
• Bank Notes • Safe Deposit Box
• FX Today/Tom/Spot • Preferred Collection Services
• FX Forward • Cash Mobile
• FX Swap • Cash Pick Up
• Par Forward • Corporate Credit Card
• Domestic Non Deliverable Forward • Cash Sweeping
• Forward • Virtual Account
• Appointed Cross Currency Dealer
• FX Option
• Call Spread Option
• Interest Rate Swap
• Cross Currency Swap
• Interest Rate Option
• Bond Investment
• Repo/Reverse Repo
• Bond Forward Casa
• Bond Link Investment
• Market Linked Deposit
• SWAP Depo
• Strike Currency
PT Bank CIMB Niaga Tbk | Annual Report 2023 77
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Business Network and Operating Areas
North Sumatera
East Kalimantan
Riau Islands
North Kalimantan
Central Kalimantan
West Kalimantan
Nanggroe Aceh
Darussalam Riau
Jambi
Bangka Belitung
Islands
West Sumatra
South Kalimantan
South Sumatra Jakarta
Central Java
Lampung
Bali
Banten
West Java
SUMATRA Yogyakarta
NANGGROE ACEH 2
DARUSSALAM East Java
WEST SUMATRA 4 West Nusa Tenggara
SOUTH SUMATRA 6
NORTH SUMATRA 24
KALIMANTAN
RIAU ISLANDS 9
WEST KALIMANTAN 4
RIAU 8
SOUTH KALIMANTAN 3 SULAWESI
JAMBI 2
CENTRAL KALIMANTAN 1 SOUTH SULAWESI 7
BANGKA BELITUNG 1
ISLANDS EAST KALIMANTAN 8 SOUTHEAST SULAWESI 1
LAMPUNG 4 NORTH KALIMANTAN 1 NORTH SULAWESI 2
JAVA BALI MALUKU AND PAPUA
BANTEN 21 BALI 10 MALUKU 1
WEST JAVA 65 PAPUA 6
NUSA TENGGARA
DKI JAKARTA 106
WEST NUSA TENGGARA 3
D I YOGYAKARTA 13
EAST NUSA TENGGARA 1
CENTRAL JAVA 43
EAST JAVA 56
78 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
TOTAL
North Sulawesi
Maluku
412 Office Network*
South-East Sulawesi Papua
South Sulawesi
East Nusa Tenggara
2,982 units
907 units
4
units
ATM CRM MDM
412 37 33 20
branches digital cash kiosks
lounges mobiles
*
Includes Sharia Branch, Digital Lounges, Cash Mobile and Kiosk.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 79
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Board of Commissioners’ Profiles
Educational Background Legal Basis of Appointment
Master of Arts in Economics from Appointed for the first time as
University of Cambridge, United Commissioner of CIMB Niaga based on
Kingdom (1992) the AGMS Resolution dated 15 April 2019
Bachelor of Arts in Economics from and effective on 20 November 2019. Then,
University of Cambridge, United appointed as President Commissioner of
Kingdom (1986) CIMB Niaga at the AGMS dated 9 April 2020
and effective on 7 July 2020
Work Experiences
Commissioner at CIMB Niaga (2019- Affiliated Relationship
2020) Has no affiliation with fellow members of
Non-Executive Independent Director at the Board of Commissioners and members
Didi Syafruddin CIMB Investment Bank Berhad (2017- of the Board of Directors, but he is
2022) affiliated with the Ultimate and Controlling
Yahya Managing Director, Head of Investment Shareholders
Banking at JP Morgan Malaysia (2005- Education and Training in 2023
2016) Education and training in 2022 are
Vice President, Investment Banking di presented separately in the Education and/
JP Morgan Indonesia (formerly Jardine or Training of the Board of Commissioners
Fleming) (1993-2005)
President Commissioner Manager at Morgan, Grenfell & Co.,
section of this Annual Report
Age/Gender 56 / Male London, UK and Jakarta, Indonesia Certification
(1992-1993) Risk Management Level 1 or equivalent
Nationality Indonesia Senior Auditor at Arthur Andersen & to level 4, issued by the Professional
Co., London, UK (1989-1992) Banking Certification Institute (LSPP) on 11
Domicile Malaysia May 2019 and has participated in the last
Concurrent Positions refreshment program on 21 March 2023.
Other Public Companies
Non-Executive Independent Director Term of Office
of CIMB Group Holdings Berhad 2023 - 2026
(2019-present)
Other Institutions
-
Work Experiences Concurrent Positions
Independent Non-Executive Director Other Public Companies
at CIMB Group Holdings Berhad (2010- Independent Commissioner PT Surya
2017) Citra Media Tbk (2012-present)
President Director at PT Pabrik Kertas
Basuki Rachmat (2010-2011) Other Institutions
Commissioner at PT Surya Citra Media -
Tbk (2004-2012)
President Commissioner at PT Legal Basis of Appointment
Polyprima Karyareksa (2004-2010) Appointed for the first time as Vice
President Director/CEO at PT London President Commissioner (Independent) of
Sumatra Indonesia Tbk (2003-2007) CIMB Niaga based on the AGMS Resolution
Glenn Chairman of the Assistance Team for dated 9 April 2020, and effective on 16
the Minister of Finance for Financial September 2020.
M. S. Yusuf Sector Restructuring at the Ministry of
Affiliated Relationship
Finance of the Republic of Indonesia
Has no affiliation with fellow members of
(2001-2004)
the Board of Commissioners, members of
President Director at PT (Persero)
the Board of Directors or the Ultimate and
Danareksa (1995-2001)
Controlling Shareholders
Chairman of the Indonesian Bank
Vice President Commissioner Restructuring Agency (IBRA) (1998- Education and Training in 2023
(Independent) 2000) Education and training in 2023 are
Director General of Financial presented separately in the Education and/
Age/Gender 68 / Male Institutions, Ministry of Finance of the or Training of the Board of Commissioners
Republic of Indonesia (1998) section of this Annual Report.
Nationality Indonesia
Director at PT Bahana Pembinaan
Usaha Indonesia (1994-1995) Certification
Domicile Jakarta
Risk Management Level 2 or equivalent
Director of Finance at PT Bank Niaga
Tbk (1991-1994) to level 5, issued by the Professional
Investment Banking Group Head at PT Banking Certification Institute (LSPP) on 10
Educational Background Bank Niaga (1989-1991) July 2020 and has participated in the last
Postgraduate in Business Management GM of Los Angeles Agency at PT Bank refreshment program on 11 January – 23
from the Asian Institute of Management, Niaga (1985-1989) March 2023.
Makati, Philippines (1981) Manager Capital Markets Group at
Bachelor of Arts in Economics from Citibank, NA (1981-1985) Term of Office
University of the Philippines, Manila, Leasing Officer at Citilease (1981-1985) 2020-2024
Philippines (1979)
80 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
Work Experiences Concurrent Positions
Guest Lecturer of the Faculty of Other Public Companies
Economics at various universities in the -
country and abroad (1994-2014)
Expert Staff of the Board of Governors Other Institutions
of Bank Indonesia (2014) Chairman of Imamat Rajani Indonesian
Executive Director of the International Foundation (2016-present)
Department - Bank Indonesia (2013-
2014) Legal Basis of Appointment
Head Researcher at the Education Appointed for the first time as Independent
Center for Central Banking Studies - Commissioner of CIMB Niaga based
Bank Indonesia (2012-2013) on the AGMS Resolution dated 15 April
Jeffrey Head of Bank Indonesia Denpasar 2016 and effective 14 September 2016.
Last appointment as Independent
Kairupan* Office (2009-2012)
Commissioner of CIMB Niaga was based on
Head of Bank Indonesia Manado Office
(2006-2009) the AGMS Resolution dated 9 April 2020.
Head of Balance of Payments Bureau -
Affiliated Relationship
Bank Indonesia (2005-2006)
Has no affiliation with fellow members of
Economic Researcher in various fields
the Board of Commissioners, members of
such as Money Market Development,
Independent Commissioner Macroeconomic Studies, Economic
the Board of Directors or the Ultimate and
Controlling Shareholders.
Age/Gender 66 / Male Studies and International Institutions
for Policy Analysis & Planning, and Staff Education and Training in 2023
Nationality Indonesia of the Governor of BI (1987-2005) Education and training in 2023 are
Member of the Master Plan DKI presented separately in the Education and/
Domicile Jakarta Economic Development Team 1985- or Training of the Board of Commissioners
2005 at Hasfarm Dian Konsultan (1985- section of this Annual Report.
1986)
Educational Background Certification
MBA in Business and Public Risk Management Level 2 or equivalent to
Management from George Washington level 5, issued by the Professional Banking
University, Washington DC, United Certification Institute (LSPP) on 11 June
States (2004) 2016 and has participated in the last
Bachelor of Economics in Development refreshment program on 11 January – 23
Studies from the University of March 2023.
Indonesia, Jakarta (1986) Term of Office
2020-2024
*)
Appointed as a Senior Independent Commissioner of the Bank through the Circular Resolution of the Board of Commissioners of CIMB Niaga No. 014/DEKOM/KP/
VI/2019 as of 28 June 2019.
Work Experiences Legal Basis of Appointment
Chief Growth and Digital Officer at PT Appointed for the first time as Independent
Unilever Indonesia Tbk (2019-2021) Commissioner of CIMB Niaga based on the
Managing Director at Facebook AGMS Resolution dated 15 April 2019 and
Indonesia (2016-2019) effective on 20 November 2019.
Vice President of Garnier South Asia di
L’Oreal Asia Pacific Singapore (2011- Affiliated Relationship
2015) Has no affiliation with fellow members of
Head of Garnier International the Board of Commissioners, members of
Marketing ASEAN at L’Oreal Asia Pacific the Board of Directors or the Ultimate and
Singapore (2011-2012) Controlling Shareholders.
Regional Category Director at Unilever
Sri Asia Pacific Singapore (2008-2010)
Education and Training in 2023
Education and training in 2023 are
Widowati Regional Brand Director at Vaseline
presented separately in the Education and/
& Natural brands Asia, Unilever Asia
or Training of the Board of Commissioners
Pacific Singapore (2005-2008)
section of this Annual Report.
Concurrent Positions Certification
Other Public Companies
Risk Management Level 2 or equivalent to
-
level 5, issued by the Professional Banking
Independent Commissioner Certification Institute (LSPP) on 10 August
Other Institutions
Age/Gender 56 / Female 2019 and has participated in the last
Vice President Marketing Danone
refreshment program on 21 March 2023.
Specialized Nutrition (SN) Indonesia &
Nationality Indonesia
Waters Indonesia (2021-present) Term of Office
Domicile Jakarta 2023 - 2026
Educational Background
Master of Science in Finance from
University of Denver Colorado, United
States of America (1992)
Bachelor of Business Management
from Trisakti University (1990)
PT Bank CIMB Niaga Tbk | 2023 Annual Report 81
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Work Experiences Concurrent Positions
Advisor & Partner for Indonesia at Other Public Companies
Majoritas (2022-present) -
Managing Partner & Co-Founder at
Catalyst Strategy (2014-2020) Other Institutions
Chief Marketing Officer at HARA (2018) Chief Executive Officer & Co-Founder of
Market Development Lead at Pensieve (2021-present)
WhatsApp, Inc. (2014-2015)
Delivery Unit Lead for Agriculture Legal Basis of Appointment
& Forestry Task Force, Office of the Appointed as the first time as Independent
Deputy of Social Welfare (2014) at Joko Commissioner of CIMB Niaga based on
Widodo Presidential Transition Team the AGMS Resolution dated 10 April 2023
Farina (2014) and effective after obtaining approval of
the OJK and/or meeting the requirements
J. Situmorang* Head of Digital Strategy & Campaign
stipulated in the OJK approval.
at Joko Widodo Presidential Election
Campaign Team (2014)
Affiliated Relationship
Telkom Project Lead at Kinara
Has no affiliation with fellow members of
Consulting (2013-2014)
the Board of Commissioners, members of
Director, Marketing & Business
the Board of Directors or the Ultimate and
Development, Asia Pacific, San
Independent Commissioner Fransisco at Bislr, Inc. (2013)
Controlling Shareholders.
Age/Gender 41 / Female Global Commercial Strategy Manager, Education and Training in 2023
Canada at Research in Motion/ Education and training in 2023 are
Nationality Indonesia Blackberry (2010-2012) presented separately in the Education and/
Product Marketing Manager - or Training of the Board of Commissioners
Domicile Jakarta Developer Tools, Indonesia at Microsoft section of this Annual Report.
(2007-2008)
Global Accounts Manager/Sales at IBM Certification
Educational Background (2005-2007) Risk Management Level 6, issued by the
Master of Business Administration Brand Marketing, Corporate Risk Management Certification Agency
(MBA), Kellogg School of Management, Management Associate at Nestle (2004) (BSMR) on 20 December 2023.
Northwestern University, USA (2010)
Bachelor of Social Science,
Term of Office
2023 - 2026
Communication Studies dari
Universitas Indonesia (2003)
*)
Effective as of 25 January 2024
Work Experiences Concurrent Positions
Non-Executive Non-Independent Other Public Companies
Chairman at Sime Darby Berhad (2019- Group Chief Executive Officer at CIMB
2020) Group Holdings Berhad (2020-present)
President & Chief Executive Officer at Executive Director at CIMB Group
Permodalan Nasional Berhad (2016- Holdings Berhad (2020- present)
2019)
Chief Executive Officer at Ekuiti Other Institutions
Nasional Berhad (Ekuinas) (2009-2016) Chief Executive Officer at CIMB Bank
Group Managing Director/Chief Berhad (2020- present)
Executive Officer at Media Prima Executive Director at CIMB Bank Berhad
Berhad (2003-2009) (2020- present)
Dato’ Abdul Chief Executive Officer at Malaysian Director at CIMB Thai (2020- present)
Rahman Ahmad Resources Corporation Berhad (2001-
Legal Basis of Appointment
2003)
Executive Director at Sistem Televisyen Appointed for the first time as
Malaysia Berhad (2001-2003) Commissioner of CIMB Niaga based on
Executive Director at SSR Associates the EGMS Resolution dated 25 September
Sdn Bhd (2000-2001) 2020 and effective on 29 April 2021.
Head Unit at the Management of
Commissioner Affiliated Relationship
Danaharta Nasional Berhad (1999-
Has no affiliation with fellow members of
Age/Gender 54 / Male 2000)
the Board of Commissioners and members
Special Assistant to the Executive
of the Board of Directors, but he is
Nationality Malaysia Chairman at Trenergy (M) Berhad/
affiliated with the Ultimate and Controlling
Turnaround Managers Inc Sdn Bhd
Domicile Malaysia Shareholders.
(1996-1999)
Member of the Institute of Chartered Education and Training in 2023
Accountants England and Wales Education and training in 2023 are
Educational Background (ICAEW) (1996) presented separately in the Education and/
Master of Arts in Economics from Assistant Manager at Arthur Andersen, or Training of the Board of Commissioners
Cambridge University, United Kingdom London (1992-1996) section of this Annual Report.
(1996)
Bachelor of Arts in Economics from Certification
Cambridge University, United Kingdom Risk Management Level 1 or equivalent
(1989) to level 4, issued by the Professional
Banking Certification Institute (LSPP) on 28
December 2020 and has participated in the
last refreshment program on 11 January –
23 March 2023.
Term of Office
2020-2024
82 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Work Experiences Concurrent Positions
Risk Management Director at CIMB Other Public Companies
Niaga (2013-2021) Group Chief Risk Officer at CIMB Group
Head of Operational Risk Management, Sdn. Bhd., Malaysia (2021-present)
Greater China and Markets Asia Pacific
di Royal Bank of Scotland, Hong Kong Other Institutions
(2012-2013) Director at CIMB Thai (2022- present)
Head of Financial Institutions Credit
& Trading Credit Risk Management, Legal Basis of Appointment
Greater China & South Korea di Royal Appointed for the first time as
Bank of Scotland, Hong Kong (2010- Commissioner of CIMB Niaga based on the
2012) EGMS Resolution dated 17 December 2021
Vera Head of Financial Institutions Credit, and effective since the closing of the EGMS.
Handajani South Asia at ABN AMRO Bank/The
Affiliated Relationship
Royal Bank of Scotland, Hong Kong
Has no affiliation with fellow members of
(2007-2010)
the Board of Commissioners and members
Vice President, Regional Risk Asia at
of the Board of Directors, but she is
ABN AMRO Bank, Hong Kong (2005-
affiliated with the Ultimate and Controlling
2007)
Shareholders.
Vice President, Financial Restructuring
Commissioner & Recovery Asia Pacific at ABN AMRO Education and Training in 2023
Age/Gender 52 / Female Bank, Singapura (2003-2005) Education and training in 2023 are
Assistant Vice President, Financial presented separately in the Education
Nationality Indonesia Restructuring & Recovery at ABN AMRO and/or Training of the Board of Directors
Bank, Jakarta (1999-2003) section of this Annual Report.
Domicile Jakarta Account Manager Corporate Banking at
BNP Lippo, Jakarta (1997-1999) Certification
Account Officer Corporate Banking at Risk Management Level 5 or equivalent
Educational Background LTCB Central Asia, Jakarta (1995-1997) to level 7, issued by the Professional
Master of Business Administration Banking Certification Institute (LSPP) on 13
from Kellogg-Hong Kong University of July 2013 and has participated in the last
Science and Technology, Hong Kong/ refreshment program on 09 June 2023.
USA (2013) Term of Office
Bachelor of Economics in Management 2021-2025
from Trisakti University, Jakarta (1994)
PT Bank CIMB Niaga Tbk | 2023 Annual Report 83
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Board of Directors’ Profile
Work Experiences Legal Basis of Appointment
Consumer Banking Director at CIMB Appointed for the first time as Director of
Niaga (2016-2021) CIMB Niaga based on the AGMS Resolution
Retail Banking Director at PT Bank dated 15 April 2016 and effective on 3 May
Maybank Indonesia Tbk (2012-2015) 2016. Last appointment as Director of
Executive Vice President, Head of CIMB Niaga based on the AGMS Resolution
Network at PT Bank Permata Tbk (2010- dated 9 April 2020. Appointed as President
2012) Director of CIMB Niaga based on the EGMS
Country Head Consumer Banking Resolution dated 17 December 2021 and
Indonesia at Standard Chartered Bank, effective on 9 March 2022.
Jakarta (2004-2010)
Vice President Consumer Banking Affiliated Relationship
Lani Group Head at PT Bank Lippo Tbk Has no affiliation with fellow members of
(2000-2004) the Board of Directors, members of the
Darmawan Vice President Business Development & Board of Commissioners or the Ultimate
Card Acquisition at Citibank Indonesia, and Controlling Shareholders.
Jakarta (1999-2000)
Education and Training in 2023
Chief Manager - Deputy General
Education and training in 2023 are
Manager Card Business at PT Bank
presented separately in the Education
Central Asia Tbk (1990-1999)
President Director and/or Training of the Board of Directors
Concurrent Positions section of this Annual Report.
Age/Gender 61 / Female
Other Public Companies
Certification
-
Nationality Indonesia Risk Management Level 5 or equivalent
to level 7, issued by the Professional
Domicile Jakarta Other Institutions
Banking Certification Institute (LSPP) on 13
President Commissioner of PT CIMB
December 2008 and has participated in the
Niaga Auto Finance (subsidiary)
last refreshment program on 11 January –
(2019-present)
Educational Background 23 March 2023.
Bachelor of Dentistry from Trisakti
University, Jakarta (1985) Term of Office
2021-2025
Work Experiences Affiliated Relationship
Head of Finance and Strategic Has no affiliation with fellow members of
Procurement and Admin Property the Board of Directors, members of the
Management (SPAPM) at CIMB Niaga Board of Commissioners or the Ultimate
(2018- 2019) and Controlling Shareholders.
Senior Managing Director, Regional
Head, Consumer Business Planning Education and Training in 2023
and Analysis at CIMB Bank Malaysia Education and training in 2023 are
(2012-2018) presented separately in the Education
Senior Vice President-Head Consumer and/or Training of the Board of Directors
Product Management at RHB Bank, section of this Annual Report.
Malaysia (2010-2012)
Lee Certification
Senior Vice President-Head of Finance
Risk Management Level 5 or equivalent to
and Planning at OCBC Bank, Malaysia
Kai Kwong (2007-2010)
level 7, issued by the Professional Banking
Certification Institute (LSPP) on 19 January
Citibank Berhad Malaysia with the last
2019 and has participated in the last
position as Vice President-Head of
refreshment program on 11 January – 23
Business Planning & Analytics (1991-
March 2023.
2007)
Term of Office
Strategy, Finance & SPAPM Concurrent Positions 2022-2025
Has no concurrent position, either as a
Director member of the Board of Commissioners,
Age/Gender 57 / Male a member of the Board of Directors, a
committee member, or other positions
Nationality Malaysia at other Public Companies nor other
Institutions.
Domicile Jakarta
Legal Basis of Appointment
Appointed for the first time as Director of
Educational Background CIMB Niaga based on the EGMS Resolution
Cambridge Summer School Program, dated 19 December 2018 and effective
Executive Education from Cambridge on 24 April 2019. Last appointment as
University (2018) Director of CIMB Niaga based on the AGMS
Bachelor of Science in Finance from Resolution dated 8 April 2022.
Indiana University of Pennsylvania,
United States of America (1990)
84 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Work Experiences Affiliated Relationship
Head of Trading & Structuring at CIMB Has no affiliation with fellow members of
Niaga (2007-2014) the Board of Directors, members of the
Head of Treasury Department at RGM Board of Commissioners or the Ultimate
Group Indonesia (2005-2007) and Controlling Shareholders.
Interbank FX & Derivatives Trader at
Citibank Indonesia (2003-2005) Education and Training in 2023
Commercial Banking Relationship Education and training in 2023 are
Manager at Citibank Indonesia (2000- presented separately in the Education
2003) and/or Training of the Board of Directors
Treasury Marketing Unit Officer at section of this Annual Report.
Citibank Indonesia (1998-2000)
John Certification
Concurrent Positions Risk Management Level 5 or equivalent
Simon Has no concurrent position, either as to level 7, issued by the Professional
a member of the Board of Directors, a Banking Certification Institute (LSPP) on 03
member of the Board of Commissioners, May 2014 and has participated in the last
a committee member, or other positions refreshment program on 20 March 2023.
at other Public Companies nor other Term of Office
Institutions. 2022-2025
Treasury & Capital Markets
Legal Basis of Appointment
Director Appointed for the first time as Director of
Age/Gender 52 / Male CIMB Niaga based on the AGMS Resolution
dated 27 March 2014 and effective on 29
Nationality Indonesia August 2014. Reappointed as Director of
CIMB Niaga based on the AGMS Resolution
Domicile Jakarta dated 24 April 2018 and last appointment
as Director of CIMB Niaga based on the
AGMS Resolution dated 8 April 2022.
Educational Background
Insead CIMB Leadership Program
(2011)
Master of Business Administration
from Cleveland State University, Ohio,
United States of America (1996)
Bachelor of Commerce from University
of Toronto, Canada (1995)
Work Experiences Legal Basis of Appointment
Director of Legal, Compliance and Appointed for the first time as Director of
Corporate Secretary at PT Bank CIMB Niaga based on the AGMS Resolution
Danamon Indonesia Tbk (2009-2016) dated 15 April 2016 and effective on 27
Director of Legal, Compliance and July 2016. Last appointment as Director
Corporate Secretary at PT Bank of CIMB Niaga was based on the AGMS
Internasional Indonesia Tbk (2005- Resolution dated 9 April 2020.
2009)
Senior Advisor for Legal & Compliance Affiliated Relationship
at PT Bank International Indonesia Tbk Has no affiliation with fellow members of
(2004-2005) the Board of Directors, members of the
Board of Commissioners or the Ultimate
Fransiska Member of the Board of Commissioners
and Controlling Shareholders.
at PT Bank Mandiri Tbk (2004-2005)
Oei Founder & Senior Partner at LBAF Law
Education and Training in 2023
Firm (2002-2004)
Education and training in 2023 are
Director of Legal, Compliance and
presented separately in the Education
others at PT Bank International
and/or Training of the Board of Directors
Indonesia Tbk (2000-2001)
section of this Annual Report.
Chief of Staff, Legal & Compliance
Compliance, Corporate Director at Citibank NA (1998-2000) Certification
Risk Management Level 5 or equivalent to
Affairs & Legal Director Concurrent Positions level 7, issued by the Professional Banking
Has no concurrent position, either as
Age/Gender 66 / Female Certification Institute (LSPP) on 15 April
a member of the Board of Directors, a
2005 and has participated in the last
member of the Board of Commissioners,
Nationality Indonesia
a committee member, or other positions
refreshment program on 11 January – 23
March 2023.
Domicile Jakarta at other Public Companies nor other
Institutions. Term of Office
2020-2024
Educational Background
Business Law Course from
Warnborough College, Oxford, Inggris
(1982)
Bachelor of Law from Trisakti University,
Jakarta (1981)
PT Bank CIMB Niaga Tbk | 2023 Annual Report 85
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Highlight Report Profile Discussion & Analysis Management
Work Experiences Affiliated Relationship
Chief of Syariah Banking at CIMB Niaga Has no affiliation with fellow members of
(2015-2016) the Board of Directors, members of the
Chief of Commercial Banking at CIMB Board of Commissioners or the Ultimate
Niaga (2014-2015) and Controlling Shareholders.
Chief of Corporate Banking at CIMB
Niaga (2011-2014) Education and Training in 2023
Head of Credit Restructuring & Education and training in 2023 are
Settlement at CIMB Niaga (2009-2010) presented separately in the Education
Joined Bank Niaga in 1992 and started and/or Training of the Board of Directors
his career through the Executive section of this Annual Report.
Education Program
Pandji Certification
Concurrent Positions Risk Management Level 5 or equivalent to
P. Djajanegara Has no concurrent position, either as level 7, issued by the Professional Banking
a member of the Board of Directors, a Certification Institute (LSPP) on 07 June
member of the Board of Commissioners, 2014 and has participated in the last
a committee member, or other positions refreshment program on 12 May 2023.
at other Public Companies nor other
Term of Office
Institutions.
2020-2024
Sharia Banking Director
Legal Basis of Appointment
Age/Gender 59 / Male Appointed for the first time as Director of
CIMB Niaga based on the AGMS Resolution
Nationality Indonesia
dated 15 April 2016, and effective 28
Domicile Jakarta September 2016. Last appointment as
Director of CIMB Niaga was based on the
AGMS Resolution dated 9 April 2020.
Educational Background
Master of Business Administration
from Erasmus Universiteit, Rotterdam,
Netherlands (1991)
Bachelor of Economics, Trisakti
University, Jakarta (1989)
Work Experiences Concurrent Positions
Director for Technology & Operations Has no concurrent position, either as
at Bank Commonwealth, Indonesia a member of the Board of Directors, a
(2016-2020) member of the Board of Commissioners,
Director for Technology & Operations a committee member, or other positions
at Bank Permata (2013-2016) at other Public Companies nor other
Director for Ops & Technology at Bank Institutions.
Ekonomi Raharja, member of HSBC
Group (2010-2013) Legal Basis of Appointment
Director for Ops & Technology at PT Appointed for the first time as Director of
Barclays Bank Indonesia (2008-2010) CIMB Niaga based on the AGMS Resolution
Senior Country Operations Office (Head dated 9 April 2020 and effective on 3
Tjioe of Operations & Technology) - Global November 2020.
Consumer Banking at Citibank N.A.
Mei Tjuen Indonesia (1998-2008)
Affiliated Relationship
Has no affiliation with fellow members of
Director for Operations & Technology
the Board of Directors, members of the
at Bank Putra Surya Perkasa (1994-
Board of Commissioners or the Ultimate
1998)
and Controlling Shareholders.
General Manager for Information
Operations & Information Technology at Bank Dharmala (1989- Education and Training in 2023
1994) Education and training in 2023 are
Technology Director Manager for Technology System & presented separately in the Education
Application Development at PT Mainsis and/or Training of the Board of Directors
Age/Gender 66 / Female Dharmatama Canggih (Dharmala section of this Annual Report.
Group) (1985-1989)
Nationality Indonesia
Certification
System Analyst for Technology
Domicile Jakarta Application Development at PT Great Risk Management Level 5 or equivalent
River Garment Industries (GRGI) (1983- to level 7, issued by the Professional
1985) Banking Certification Institute (LSPP) on 23
July 2011 and has participated in the last
Educational Background refreshment program on 27 June 2023.
Bachelor of Science in Computer Science
& Statistics from University of London, Term of Office
United Kingdom (1983) 2020-2024
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Work Experiences Legal Basis of Appointment
Risk Management Director at PT Bank Appointed for the first time as Director of
UOB Indonesia, Jakarta (2017-2021) CIMB Niaga based on the EGMS Resolution
Risk Management Director at PT Bank dated 17 December 2021 and effective on
Maybank Indonesia Tbk, Jakarta (2014- 9 March 2022.
2016)
Senior Vice President, Head of Risk Affiliated Relationship
Management at CIMB Niaga (2012- Has no affiliation with fellow members of
2014) the Board of Directors, members of the
Vice President, Corporate Treasury at Board of Commissioners or the Ultimate
DBS Bank Ltd, Singapura (2010-2012) and Controlling Shareholders.
Vice President, Risk Management
Henky Education and Training in 2023
Group at PT Bank DBS Indonesia (2008-
Education and training in 2023 are
2010)
Sulistyo Secondment, Regional Risk
presented separately in the Education
and/or Training of the Board of Directors
Management at Standard Chartered
section of this Annual Report.
Bank Plc., Singapore (2008)
Director, Regional Risk Management at Certification
American Express Bank Ltd., Singapore Risk Management Level 5 or equivalent
(2004-2008)
Risk Management Director Manager, Regional Risk Management at
to level 7, issued by the Professional
Banking Certification Institute (LSPP) on
Age/Gender 49 / Male American Express Bank Ltd., Singapore 13 September 2014 and has participated
(2001-2004) in the last refreshment program on 11
Nationality Indonesia Supervisor, Treasury Middle Office at January – 23 March 2023.
American Express Bank Ltd., Jakarta
Domicile Jakarta (1998-2001) Term of Office
2021-2025
Concurrent Positions
Has no concurrent position, either as
Educational Background
a member of the Board of Directors, a
Certified Financial Risk Manager dari
member of the Board of Commissioners,
Global Association of Risk Professionals
a committee member, or other positions
(2007)
at other Public Companies nor other
Master of Business Administration from
Institutions.
La Trobe University, Australia (1998)
Bachelor of Civil Engineering from
Parahyangan Catholic University,
Bandung (1996)
Work Experiences Legal Basis of Appointment
Chief Human Resources Officer at CIMB Appointed for the first time as Director of
Niaga (2020-2021) CIMB Niaga based on the EGMS Resolution
Head of HRBP, Talent Acquisition, dated 17 December 2021 and effective on
Rewards & Performance at CIMB Niaga 9 March 2022.
(2017-2020)
Head of Rewards, Performance & HR Affiliated Relationship
Services di CIMB Niaga (2013-2017) Has no affiliation with fellow members of
Talent & Leadership Development the Board of Directors, members of the
Group Head at CIMB Niaga (2011-2013) Board of Commissioners or the Ultimate
Head of Human Resources at Bank and Controlling Shareholders.
Joni Barclays Indonesia (2010-2011)
Education and Training in 2023
HR Operations Manager at Bank
Raini Barclays Indonesia (2009-2010)
Education and training in 2023 are
presented separately in the Education
Head of HR Management & Services at
and/or Training of the Board of Directors
PT Bank UOB Indonesia (formerly PT
section of this Annual Report.
Bank UOB Buana Tbk) (2007-2009)
Head of Learning & Development at PT Certification
Bank UOB Indonesia (formerly PT Bank Risk Management Level 5 or equivalent
Human Resources Director UOB Buana Tbk), Jakarta (2003-2007) to level 7, issued by the Professional
Banking Certification Institute (LSPP) on 3
Age/Gender 43 / Male Concurrent Positions December 2021 and has participated in the
Has no concurrent position, either as
Nationality Indonesia last refreshment program on 11 January –
a member of the Board of Directors, a
23 March 2023.
member of the Board of Commissioners,
Domicile Jakarta
a committee member, or other positions Term of Office
at other Public Companies nor other 2021-2025
Institutions.
Educational Background
Master of Business Administration
from Peking University, China (2016)
Master of Management from
Universitas Pelita Harapan, Jakarta
(2016)
Bachelor of Economics from Universitas
Tarumanagara, Jakarta (2002)
PT Bank CIMB Niaga Tbk | 2023 Annual Report 87
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Work Experiences Legal Basis of Appointment
Chief of Corporate Banking & FI and Appointed for the first time as Director of
Chief of Transaction Banking at CIMB CIMB Niaga based on the EGMS Resolution
Niaga (2019-2021) dated 17 December 2021 and effective on
Chief Corporate Banking Officer at 22 April 2022.
CIMB Niaga (2014-2019)
Managing Director, Corporate and Affiliated Relationship
Investment Banking at Citibank, Jakarta Has no affiliation with fellow members of
(2005-2014) the Board of Directors, members of the
Head of Relationship Management, Board of Commissioners or the Ultimate
Corporate Banking at Rabobank and Controlling Shareholders.
International Indonesia (2003-2005)
Rusly Associate Mergers, Acquisitions and
Education and Training in 2023
Education and training in 2023 are
Johannes Corporate Advisory at Deutsche Bank
presented separately in the Education
Securities Inc., New York (2001-2002)
and/or Training of the Board of Directors
Business Analyst, Business Connectivity
section of this Annual Report.
Group at 3Com Corporation, California
(2000) Certification
Assistant Vice President, Head of Risk Management Level 5 or equivalent
Indonesian Corporate Group at ABN to level 7, issued by the Professional
Banking Business Director Amro Bank N.V., Jakarta (1998-1999) Banking Certification Institute (LSPP) on 9
Age/Gender 53 / Male
Concurrent Positions
December 2021 and has participated in the
last refreshment program on 11 January –
Nationality Indonesia Has no concurrent position, either as
23 March 2023.
a member of the Board of Directors, a
Domicile Jakarta member of the Board of Commissioners, Term of Office
a committee member, or other positions 2021-2025
at other Public Companies nor other
Institutions.
Educational Background
Master of Business Administration in
Finance & Strategy from The Anderson
School di UCLA, USA (2001)
Bachelor of Business Administration in
Finance from The University of Texas di
Austin, USA (1993)
Work Experiences Education and Training in 2023
Head of Consumer Product, Preferred Education and training in 2023 are
& Personalization at PT Bank CIMB presented separately in the Education
Niaga Tbk (2019-2022) and/or Training of the Board of Directors
Head of Segment, Decision section of this Annual Report.
Management & Customer Experience
at PT Bank CIMB Niaga Tbk (2016-2019) Certification
Head of Network Development & Risk Management Level 5 or equivalent
Customer Experience at PT Bank CIMB to level 7, issued by the Professional
Niaga Tbk (2014-2016) Banking Certification Institute (LSPP) on 27
Head of Service Quality & Network May 2022 and has participated in the last
Development at PT Bank CIMB Niaga refreshment program on 11 January – 23
Noviady Tbk (2011-2014) March 2023.
Senior Partner & Director at PT I-Lead
Wahyudi Indonesia (2005-2011)
Term of Office
2022-2025
Sales & Distribution Planning Head at
Citibank NA, Indonesia (2001-2005)
Concurrent Positions
Has no concurrent position, either as
Consumer Banking Director a member of the Board of Directors, a
member of the Board of Commissioners,
Age/Gender 50 / Male a committee member, or other positions
at other Public Companies nor other
Nationality Indonesia
Institutions.
Domicile Jakarta
Legal Basis of Appointment
Appointed for the first time as Director of
CIMB Niaga based on the AGMS Resolution
Educational Background dated 8 April 2022 and effective on 16
Insead CIMB Leadership Program August 2022.
(2015)
Master of Business Administration Affiliated Relationship
from National University of Singapore Has no affiliation with fellow members of
(2001) the Board of Directors, members of the
Bachelor of Business Administration Board of Commissioners or the Ultimate
from the University of Indonesia (1998) and Controlling Shareholders.
88 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Sharia Supervisory Board Profile
Work Experiences Affiliated Relationship
Director of the Center for Al-Quran Has no affiliation with fellow members of
Studies, Jakarta (2003-2018) the Sharia Supervisory Board, members
Postgraduate Professor at Universitas of the Board of Directors, members of the
Islam Negeri (UIN) Syarif Hidayatullah Board of Commissioners, or the Ultimate
(1992-2013) and Controlling Shareholders.
Ambassador of the Republic of
Indonesia to the Arab Republic of Egypt, Education and Training in 2023
Djibouti & Somalia (1999-2002) Education and training in 2023 is presented
Member of the MPR-RI (1982-2002) separately in the Education and/or Training
Minister of Religion of the Republic of of the Sharia Supervisory Board section in
Indonesia (1998 -1999) this Annual Report.
Prof. Dr. M. Quraish Member of the Sharia Board of Bank
Certification
Muamalat Indonesia (1992-1999)
Shihab, MA Rector of UIN Syarif Hidayatullah (1992-
-
1998) Term of Office
Chairman of the Indonesian Ulema 2023 - 2026
Council (Central) (1985-1998)
Concurrent Positions
Chairman of the Sharia Other Public Companies
-
Supervisory Board
Other Institutions
Age/Gender 79 / Male
Chairman of the Sharia Supervisory
Nationality Indonesia Board of BTN Syariah (2019-Present)
Member of Pentashih Al-Qur’an,
Domicile Jakarta Ministry of Religion of the Republic of
Indonesia (1989-Present)
Legal Basis of Appointment
Educational Background Appointed for the first time as Chairman
Doctor of Qur’an Interpretation from Al-
of the Sharia Supervisory Board of CIMB
Azhar University-Cairo, Egypt (1982)
Niaga based on the AGMS Resolution
Master of Tafseer and Hadith from Al-
dated 23 April 2008, effective 11 February
Azhar University-Cairo, Egypt (1969)
2009, and reappointed with the same
Bachelor from Al-Azhar University-Cairo,
position based on the AGMS Resolution
Egypt (1967)
dated 15 April 2016. Last appointment as
Chairman of the Bank’s Sharia Supervisory
Board was based on the AGMS Resolution
dated 15 April 2019.
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Work Experiences Legal Basis of Appointment
Member of the Sharia Supervisory Appointed for the first time as a member
Board at LB Salam (2007-2012) of the Sharia Supervisory Board of CIMB
Dean of the Faculty of Islamic Studies Niaga based on the at EGMS Resolution
at Universitas Muhammadiyah Jakarta dated 19 December 2008, effective 11
(2000-2004) February 2009, and reappointed with
Lecturer in Philosophy of Islamic Law the same position based on the AGMS
at the Faculty of Law, Universitas Resolution dated 15 April 2016 and 15
Muhammadiyah Jakarta (1985-2000) April 2019. Last appointment as member
Deputy Rector for Academic Affairs at of the Bank’s Sharia Supervisory Board was
IAIN Syarif Hidayatullah Jakarta (1997- based on the AGMS Resolution dated 10
2000) April 2023.
Prof. Dr. Fathurrahman Lecturer in Islamic Administrative
Law at the Faculty of Islamic Religion, Affiliated Relationship
Djamil, MA Universitas Muhammadiyah, Jakarta Has no affiliation with fellow members of
(1990-1995) the Sharia Supervisory Board, members
Deputy Dean for Student Affairs at the of the Board of Directors, members of the
Sharia Faculty, IAIN Syarif Hidayatullah Board of Commissioners, or the Ultimate
Jakarta (1994-1996) and Controlling Shareholders.
Head of the Muamalat Study Program
Member Education and Training in 2023
at the Sharia Faculty, IAIN Syarif
Education and training in 2023 are
Hidayatullah Jakarta (1987-1989)
Age/Gender 63 / Male
Secretary of the Religious Courts Study
presented separately in the Education and/
or Training of the Sharia Supervisory Board
Nationality Indonesia Program at the Sharia Faculty, IAIN
section of this Annual Report.
Syarif Hidayatullah Jakarta (1982-1987)
Domicile Tangerang Lecturer in Religious Courts in Certification
Selatan Indonesia at the Sharia Faculty, IAIN Capital Market Sharia Expert (ASPM)
Syarif Hidayatullah Jakarta (1982-1987) which was determined based on Decree
of the OJK Board of Commissioners No.
Concurrent Positions
Educational Background Other Public Companies
KEP-10/PM.223/PJ-ASPM/2021 dated
Doctorate in Islamic Legal Theory from 18 May 2021 (renewal of ASPM license)
-
UIN Syarif Hidayatullah, Jakarta (1994) and valid until 19 May 2026.
Master in Sharia from UIN Syarif Sharia Supervisory Competency
Other Institutions
Hidayatullah, Jakarta (1987) Certificate No. SYA.744.00030 2020
Chairman of the Sharia Supervisory
Bachelor in Sharia from UIN Syarif dated 2 September 2020, and valid until
Board of Adira Finance Sharia
Hidayatullah, Jakarta (1982) 1 September 2023.
(2011-present)
Undergraduate in Sharia from UIN
Syarif Hidayatullah, Jakarta (1981)
Chairman of the Sharia Supervisory Term of Office
Board of Bank BCA Syariah 2023 - 2026
(2010-present)
Member of the Sharia Supervisory
Board of CIMB Niaga Auto Finance
(2010-present)
Chairman of the Sharia Supervisory
Board of AIA Sharia Branch
(2009-present)
Professor of Postgraduate Program
at the University of Indonesia
(2006-present)
Deputy Chairman of the National
Sharia Council (DSN-MUI) and Deputy
Chairman of the Fatwa Commission
of the Indonesian Cleric Council (MUI)
(2005-present)
Lecturer in Law and Finance in
Islam at the Postgraduate Program,
University of Muhammadiyah Jakarta
(2000-present)
Professor at UIN Syarif Hidayatullah
(2000-present)
Lecturer in the History of Islamic Law in
the Postgraduate Program, UIN Syarif
Hidayatullah Jakarta (1996-present)
90 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Work Experiences Legal Basis of Appointment
Member of the Sharia Supervisory Appointed for the first time as a member
Board at Panin Asset Management Sharia Supervisory Board of CIMB Niaga
(2011-2016) based on the AGMS Resolution dated 28
Advisor/Researcher on Islamic March 2013, effective 10 June 2013, and
Economics and Finance at Saudi reappointed with the same position based
Arabian Monetary Authority-SAMA, on the AGMS Resolution dated 15 April
Kingdom of Saudi Arabia (2017-2019) 2016. Last appointment as member of
Moderator in Finance Accreditation the Bank’s Sharia Supervisory Board was
Agency (FAA) - Bank Negara Malaysia based on the AGMS Resolution dated 15
(BNM) – Moderation Committee for the April 2019.
Discipline of Sharia Principle & Practices
Yulizar for Islamic Bankers (2013) Affiliated Relationship
Team Leader - “A Study on the Has no affiliation with fellow members of
D. Sanrego Development of Islamic Microfinance: the Sharia Supervisory Board, members
Regulation and Supervision Model”. of the Board of Directors, members of the
In collaboration with the Department Board of Commissioners, or the Ultimate
of Non-Banking Financial Institutions and Controlling Shareholders.
(IKNB) - OJK, Republic of Indonesia
Education and Training in 2023
(2013)
Member Member of DSN MUI in Capital Market
Education and training in 2023 are
presented separately in the Education and/
Age/Gender 50 / Male (2010-2020)
or Training of the Sharia Supervisory Board
Vice Chairman, Academic & Student
section of this Annual Report.
Nationality Indonesia Affairs - Tazkia Islamic Business School,
Bogor - Indonesia (2006-2008) Certification
Domicile Bogor
Invited Researcher (Fellow Researcher) Capital Market Sharia Expert (ASPM)
at Center for Central Banking Education which was determined based on Decree
and Studies, Central Bank of INDONESIA of the OJK Board of Commissioners No.
Educational Background (PPSK-BI) (2006-2008) KEP-14/PM.223/PJ-ASPM/2021 dated 18
Doctorate in Islamic Economics from Head of the Department of Islamic May 2021, (renewal of ASPM license)
Universitas Islam Negeri (UIN) Syarif Economics - Tazkia Islamic Business and valid until 19 May 2026.
Hidayatullah, Jakarta (2010) School, Bogor - Indonesia (2005-2007) Risk Management Level 1 or equivalent
Master in Islamic Economics and to level 4, issued by the Professional
Finance from International Islamic Concurrent Positions Banking Certification Institute (LSPP) on
University Malaysia (2005) Other Public Companies
27 June 2015
Bachelor of Islamic Economics Chairman of Sharia Supervisory Board
Certificate of Competency for Sharia
(Muamalah) from Universitas Djuanda of PT Bank Jago Tbk (2021-present)
Supervisors, issued by the Professional
Ciawi (1999) Certifications Institute for the
Other Institutions
Indonesian Ulema Council (MUI) for
Member of the Sharia Supervisory
Sharia Economics and valid until 21
Board of PBMT Ventura (2019-present)
June 2024.
Member of the Sharia Supervisory
Board of Bank BTB (2016-present) Term of Office
Member of the Sharia Supervisory 2023 - 2026
Board of LPEI Exim (2012-present)
Member of the DSN MUI - Capital
Market Sector (2010-present)
Information on the Changes in Management
Members after the 2023 Financial Year
There were no changes to the composition of the members of the Board of Directors after the financial year ended on
31 December 2023, until the deadline for submitting this Annual Report. Meanwhile, there has been a change in the
membership composition of the Board of Commissioners, namely Ms. Farina J. Situmorang, who was appointed as
Independent Commissioner at the Annual GMS on 10 April 2023 and effectively servings as of 25 January 2024.
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Senior Executives’ Profiles
Antonius Budiman
Gunadi Tanjung
Chief Audit Executive Chief of Network & Digital Banking
Age/Gender 49 / Male Age/Gender 51 / Male
Nationality Indonesia Nationality Indonesia
Domicile Jakarta Domicile Jakarta
Educational Background & Certification Professional Educational Background & Certification Professional
Bachelor of Economics, Tarumanagara University Bachelor of Business Administration from University of Bath, UK.
Certified Internal Auditor, the Institute of Internal Auditors
Work Experiences
Work Experiences Head of Sales & Distribution at Bank CIMB Niaga (2021-2022)
Audit Director at Citibank (2013-2016) Regional Head of Consumer Products, Wealth & Preferred at
Head of Internal Audit at PT Bank Internasional Indonesia CIMB (2019-2021)
(2010-2013) Head of Retail Product at Bank CIMB Niaga (2016-2019)
Head of Internal Audit at PT Bank Barclays (2009 – 2010) Head of Preferred, Private, Wealth Management & Consumer
Head of Internal Audit at ABN Amro Bank (2005-2009) Liabilities at Bank CIMB Niaga (2012-2016)
Auditor at Ernst & Young (2003-2005) Head of Preferred, Private, Wealth Management at Bank CIMB
Auditor at KPMG Indonesia (1998-2002) Niaga (2010-2012)
Auditor at Coopers & Lybrand (1996-1998) Head of Consumer Banking at Bank DBS Indonesia (2005-2010)
Head of Wealth Management Business at Standard Chartered
Legal Basis of Appointment Bank Indonesia (2001-2004)
024/HROB/HRS/XII/2016 Portfolio Management & Planning Manager at PT Pool Asuransi
Indonesia (1999-2001)
Legal Basis of Appointment
524/OMTKA/SS/HR/IV/2022
Age/Gender 61 / Female
Nationality Indonesia
Domicile Jakarta
Educational Background & Certification Professional
Master of Business Administration from Pepperdine University, Amerika Serikat.
Bachelor of Science from University of Southern California, Amerika Serikat
Work Experiences
Megawati Director of Credit at Bank CIMB Niaga (2011-2020)
Head of Corporate Banking at Bank Danamon (2007-2010)
Sutanto Vice President Director at Bank DBS Indonesia (2003-2006)
Head of Credit Wholesale Banking at Standard Chartered Bank (2000-2003)
General Manager Corporate Banking Credit & Marketing at PT Bank Dagang Nasional
Indonesia (1997-1998)
Deputy Head Domestic Corporate at Hongkong Bank (1995-1997)
Chief Special Asset Officer Legal Basis of Appointment
716/ROM/SS/HR/IV/2020
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Adeline Hendarto Tjong Albert Agustius
Head of Region - Jakarta Region B Head of Audit-TB, Risk Management, Treasury &
Product
Indonesian Citizen, 49 years old.
Indonesian Citizen, 40 years old.
Joined CIMB Niaga in October 1996, she began to hold the
position of Region Head in 2016 until she was appointed He joined CIMB Niaga in May 2020 as Audit Segment Head, he
as Head of Region in June 2022. Throughout her career at began his career as an Internal Auditor at Bank BCA in 2006
CIMB Niaga, she has held several key positions, such as Area and later joined Citibank APAC EMEA Consumer Audit Team
Manager, Branch Manager, Head of Cash Office, and other in 2011.
positions.
He graduated from the University of Indonesia with a Bachelor
She graduated from Bina Nusantara University with a Bachelor of Economics
of Informatics.
Albert Suhandinata
Agus Setiono
Head of Consumer Banking Operations
Head of Treasury Islamic
Indonesian Citizen, 46 years old.
Indonesian Citizen, 45 years old.
Currently, he is the Head of Consumer Banking Operations,
He has been Head of Treasury Islamic since 1 October 2020, he has an extensive experience, having previously worked at
having previously served as Treasury Islamic Head since 2013. Citibank for 6 years, 2 years at Bank Barclays Indonesia, 2.5
In 2004, he joined trough CIMB Niaga’s Executive Development years at Bank Commonwealth, 2.5 years at ICBC, and 1.5 years
Program. as Director of IT and Operations at Bank Ganesha.
He earned a Master of Management from the University of He graduated from California State Polytechnic University,
Indonesia and a Bachelor of Electrical Engineering from the Pomona, with a Bachelor of Finance and an MBA from Loyola
Bandung Institute of Technology. Marymount University.
Ahmad Nasihi Ulil Amri Alip Hanoky
Head of Sharia Strategy, Performance, Head of Region - Kalimantan
Reporting, Analytics, & Transformation
Indonesian Citizen, 53 years old.
Indonesian Citizen, 53 years old.
Currently, he serves as Head of Region – Kalimantan since
He joined CIMB Niaga in 2004 and is currently the Head 8 April 2022, having previously served as S&D Region Head
of Sharia Strategy, Performance, Reporting, Analytics, & Kalindtim Region since 31 October 2016. Prior to joining CIMB
Transformation. During his tenure at CIMB Niaga, he has held Niaga, he worked at Bank Maybank Indonesia as Regional
several positions at CIMB Niaga, including Head of Sharia Director and at Bank Danamon as SME Region Head 4.
Strategy ini 2020, Strategy & Investor Relations Head in 2018
He earned a Master of Economics from Tanjungpura University
and Corporate Planning Management Head in 2014.
His experience includes mergers and acuisitions, leadership
in projects, such as the Islamic Bond (SUKUK) Issuance and
T18 Project at CIMB Niaga, as well as Project Manager on the
Amir Mirza
first Sarbanez Oxsley project in Indonesia at the American
International Group (AIG) company. Previously, he also had Head of Transaction Banking Product
a career at Maxima Resources and Lippo Life Bancassurance.
Indonesian Citizen, 50 years old.
He received his Bachelor’s from the University of Jember and
worked as a lecturer at the University of Indonesia from 2006 He was appointed to his current position in early 2022 after
to 2008. previously serving in several key positions in Transaction
banking, including as Head of Digital Banking, Partnership,
and Cash Product in 2021 and Head of Transaction Banking
Corporate & FI Sales and Cash Product in March 2020. He
began his career in the banking industry and held senior
positions at Deutsche Bank AG Jakarta prior to joining CIMB
Niaga Bank in November 2009.
He graduated from the Bandung Institute of Technology with a
bachelor of Industrial Engineering.
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Andiko S Ben Asa Manik Antonius Sukriswanto
Head of Region - Jabar & Jateng Region Head of Anti Fraud Management
Indonesian Citizen, 47 years old. Indonesian Citizen, 61 years old.
Joined CIMB Niaga in June 2018 and since 8 April 2022, he has Currently serves as Head of Anti Fraud Management and
served as Head of Region – West Java & Central Java Region, previously joined CIMB Niaga in 2011 with the position of
after previously serving as S&D Region Head for West Java & Special Audit Group Head. His experience includes operations,
Central Java since 1 January 2022. audit, and operational risk management and previously held
the position of Head of Operational Risk Management at OCBC
Prior to his career at CIMB Niaga, he had careers at HSBC
NISP, Barclays Indonesia and Bank Ekonomi Rahardja (HSBC
Bank, Citbank, Commonwealth Bank and BTPN. Throughout
Group) in the 2008-2011 period.
his career, he has served in various positions, such as service,
sales, wealth management and led branches and regions, and He earned a Bachelor of Science in Politics and International
most recently at Bank BTPN as Regional Leader for Sumatra, Relations from Gadjah Mada University in Yogyakarta, as well
West Java and Central Java and Regional Business Leader for as an INSEAD Senior Leadership Program Singapore-France
the DKI Jakarta and West Java regions. and various banking and management training.
He graduated from Parahyangan Catholic University with a
Bachelor of Law
Aris Susanta
Andi Irawan Dalimunthe Head of Business Performance Management
Indonesian Citizen, 52 years old.
Head of HR Business Partner 3 & Mass
He started his career at LippoBank as Assistant Regional
Resourcing
Business Head Central Java in 1995. Prior to taking his
Indonesian Citizen, 42 years old. current position, he had experience at CIMB Niaga as Sales
Performance Management Head.
He joined CIMB Niaga in October 2018 as HR Business Partner
Head, currently serves as Head of HR Business Partner 3, He graduated from Duta Wacana Christian University in
which oversees the Network & Digital Banking, Consumer Yogjakarta with a Bachelor of Science in Computer Science
Banking, Sharia Banking business units, as well as the Mass
Resourcing work function.
Ptior to joining CIMB Niaga, he held key positions in several Ariteguh Arief
companies, such as Head of HCBP Retail Banking & Enablers
at Bank Muamalat, Permata, and Bank BTPN. He started his
career as a Management Trainee (MT) until he served as HR &
Head of Preferred, Wealth and Insurance
GA Manager at PT. Mitra Adi Perkasa, Tbk.
Business
Indonesian Citizen, 46 years old.
He graduated from the University of North Sumatra in Medan
with a Bachelor of Psychology. He currently holds the position as Head of Preferred, Wealth
and Insurance Business since 1 May 2022 after previously
serving as Preferred, Wealth and Insurance Head since 1
Angelica Permatasari March 2020.
Career experience in the banking industry starting from ABN
AMRO Bank (2002) and DBS (2007) before finally joining CIMB
Head of Decision Management and Advance
Niaga in 2010. During his career, he has held various positions,
Analytics
such as Sales, Branch Leader, Business Development,
Indonesian Citizen, 42 years old. Partnership Acquisition, Segment Management & Products.
Joined CIMB Niaga in March 2018 as Decision Management He graduated from the University of Oregon in the United
Head and currently holds the position as Head of Decision States with a Bachelor of Arts.
Management and Advance Analytics since April 2021. She also
has career experience at several leading institutions, such as
Citibank, HSBC Bank, ABN Amro Bank, and Ernst & Young.
She graduated from Nanyang Technological University
with a Master of Business Administration and National
University of Singapore with a Bachelor of Computing. She
holds a Postgraduate Diploma in Digital Business from the
Massachusetts Institute of Technology/ Columbia Business
School and a certificate from the SBM ITB’s Digital Leadership
Development Program.
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Aulia Ferdinand Mochtar Bung Aldilla
Head of Money Market & Funding-Treasury Head of Sharia Consumer & Pjs Head of Sharia
Business Banking
Indonesian Citizen, 58 years old.
Indonesian Citizen, 51 tahun years old.
He joined CIMB Niaga in 2006 as Trading Desk Head and
held the position of Trading & Liquidity Division Head in Joined CIMB Niaga on 8 October 2018 and he served as Head
2006, Funding & Liquidity Group Head since 2008, Funding of Sharia Consumer effectively on 1 August 2019 and as of 12
& Liquidity Management Group Head in 2011, and Head of April 2022 concurrently holding the position of Acting Head of
Funding & Gapping in 2017. Started his banking career at Sharia Business Banking, responsible for Sharia Consumer,
several local banks and Japanese banks. Sharia Business Banking and reporting to the Director of
Sharia Banking.
He has a Bachelor of Computer Science from Embry Riddle
Aeronautical University in Daytona Beach, Florida, USA. Previously, he held various banking positions at Citibank
Indonesia, GE Capital, Bank Danamon, Standard Chartered
Bank, and Bank Permata.
Aurelia Mulyono He earned a Bachelor of Computer Science from Gunadarma
University.
Head of Risk Control Unit Network & Digital
Banking
Chialmi Dialdestoro Rosalim
Indonesian Citizen, 56 years old.
She has been the Head of the Risk Control Unit Network &
Head of Structured & Syndicated Finance and
Digital Banking since April 2022, having previously served as
Loan Agency
the Head of Risk Control Unit Consumer Banking at CIMB Niaga
since October 2019. She has worked at Bank Permata in various Indonesian Citizen, 51 years old.
positions since 2008, most recently as Director of Human
He joined CIMB Niaga in December 2017 as Head of Structured
Capital & Risk Management at PT Catur Sentosa Adiprana Tbk.
and Syndicated Finance and Loan Agency. He has also been
She graduated from Parahyangan Catholic University with a a Commissioner at PT CIMB Niaga Securities in the priod of
Bachelor of Economics/ Accounting. 2020 to 2023. He has over 27 years of global corporate and
investment banking experience in Asia, the United Kingdom,
Europe, and the Middle East.
Banar Yuniarta He began his banking career in 1996 as a Management
Associate at Citigroup Indonesia, where he held several key
positions, including Senior Remedial Officer in the Institutional
Head of Audit-Business Banking & Consumer Remedial Management Division, Head of Local Corporate in
Banking the Corporate and Investment Banking Division, and Senior
Indonesian Citizen, 50 years old. Banker in the Global Corporate and Investment Banking
Division at Citigroup Switzerland.
He joined CIMB Niaga in 2018 as Head of Audit-Business
Banking & Consumer Banking, having previous career In 2006, he joined the Samba Financial Group in London,
experience at Accenture, BV Amsterdam, the Netherlands, the UK, with his last position serving as Co-Head of Corporate
Royal Bank of Scotland (RBS), and ABN Amro Bank, NV. In 2000, and Private Banking Group. He joined Qatar National Bank’s
he began his banking career by enrolling in the Management headquarters in Doha, Qatar, in 2010 as Global Relationship
Associate program at ABN AMRO Bank. Director in the Global Corporate and Investment Banking
Division, with sector specializations in Large Corporates, Oil
Certified Internal Auditor (CIA) with a Bachelor of Economics and Gas, Telecommunication, Contracting, and Real Estate.
from Atma Jaya University, a Research Diploma from
Universitaet Innsbruck, Austria, and a Master of Science from In 1995, he earned a Master of Professional Accounting (with
Rijksuniversiteit Groningen, the Netherlands. honors) from The University of Texas at Austin, USA, and a
Bachelor of Science in Accounting and Finance (with honors)
from Oklahoma State University, USA, in 1994.
Banyon Anantoseno
Head of Consumer Collection & Recovery
Indonesian Citizen, 56 years old.
Since September 2017, he has served as the Director of
Consumer Collection and Recovery. He previously worked
as the CIMB Niaga Group Head of Unsecured Collection, the
Executive Vice President of Card & Loan Processing, Bank Mega
Fraud and Collection, the Senior Vice President of Collection
Micro Bank Danamon, Vice President of Collection HSBC, and
Assistant Vice President of Credit Operation Citibank.
He graduated from Airlangga University – Surabaya with a
Bachelor’s degree in Economics.
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Daniel Edison Hutapea Djojo Boentoro
Head of RCU & TCM PB Risk Analytic Head of Secured Lending Business and
Consumer Credit Underwriting
Indonesian Citizen, 52 years old.
Indonesian Citizen, 57 years old.
Since 2017, he has served as the Head of RCU & TCM PB Risk
Analytics. He began his banking career as an Account Officer Since September 2017, he has served as the Head of
at Bank Niaga in 1997 and later as a Relationship Manager Consumer Credit Risk. Previously, he was Head of Consumer
Financial Institution from 2000 to 2008. He has been the Head Finance at Maybank Indonesia (until August 2017), Member
of Credit & Operational Risk Analytics at CIMB Niaga since Relations Director at MasterCard International Inc., Indonesia
2008. (until November 2010), Wealth Director at PT AXA Financial
Indonesia (until April 2008), Head of Liabilities Product &
In 1995, he received a Bachelor of Economics in Accounting
E-Channel Division at Bank BII (until December 2005), Regional
from Padjadjaran University in Bandung
Office III Manager at Bank Internasional Indonesia (BII) in
Surabaya (until March 2002), and several positions at BII from
MDP Trainee in October 1989.
Dedy Sahat Tupal Parulian In 1989, he earned a Bachelor of Civil Engineering from
Parahyangan Catholic University in Bandung
Head Of Digital Economy
Indonesian Citizen, 51 years old.
Elisa Gunawan
He began his career at CIMB Niaga as Head of Digital Economy
on 14 November 2022. Prior to his current position, he worked
as the Director of Business Development at DANA Indonesia Head of Audit – Enablers
from August 2019 to October 2022. His banking career began
Indonesian Citizen, 34 years old.
at Bank Nusa International, then at Bank OCBC NISP as Head
of Origination & Syndication, and at Bank Permata, where he She began her career as an External Auditor at KAP Tanudiredja,
last served as Division Head of Corporate Banking for SOEs Wibisana, Rintis & Rekan (PricewaterhouseCoopers Indonesia
and Subsidiaries. - PwC Indonesia) in 2010. She joined CIMB Niaga in September
2018 as Audit Segment Head and currently serves as the Head
He has a Bachelor of Economics from Satya Wacana Christian
of Audit - Enablers.
University in Salatiga and a Master’s in Management from the
University of Indonesia Obtained a Bachelor’s degree in Economics from Tarumanagara
University and has completed Business Analytics: From
Data to Insights from The Wharton School – University of
Pennsylvania, Digital Leadership Development Program from
Diva Mahdi the School of Business & Management ITB, Circular Economy
and Sustainability Strategies from Cambridge Judge Business
Head of Market Risk Management & Model School, and CIMB-CISL Sustainability Leadership Program
Validation from the University of Cambridge.
Indonesian Citizen, 41 years old. Has a Certified Public Accountant (CPA Indonesia) from the
Indonesian Institute of Public Accountants (IAPI), ASEAN
He joined CIMB Niaga as Market Risk Management Head in Chartered Professional Accountant (ASEAN CPA) from the
August 2013. He previously worked as the Market Risk Head ASEAN Chartered Professional Accountants Coordinating
at Bank OCBC NISP from 2010 to 2013, the Trading Risk Head Committee (ACPACC), certified Risk Management (BSMR)
at Bank Danamon from 2008 to 2010, and the Treasury Risk level 4, certified Prince2 Agile Foundation and Prince2 Agile
Analyst at Bank of Tokyo-Mitsubishi UFJ from 2003 to 2008. Practitioner dari AXELOS, Certified Data Protection Officer
He completed his education in Civil Engineering at dari Association of Indonesian Data Privacy Professionals, dan
Hogeschool’s- Hertogenbosch in the Netherlands. Certified ISO 37001 Senior Lead Auditor dari PECB.
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Eric Augie Saputra Evita Barliana
Head of Transformation & Strategy Office Head of Region - Jakarta Region A
Indonesian Citizen, 44 years old. Indonesian Citizen, 52 years old.
Appointed as Head of Transformation & Strategy Office in She joined CIMB Niaga in 2007 as the Head of the Pondok
2022. Previously served as Head of Transformation CIMB Niaga Indah Branch. She served as Area Manager since 2010 and
since 2021. Previously, he had a total of 8 years of experience has held her current position as Head of Region since 2022.
working in Malaysia as Director, Retail Risk Analytic Head & She previously worked as Area Manager in the Jakarta area.
Regional Risk Head for Auto & Personal Loan Products at CIMB Prior to joining CIMB Niaga, she worked at Bank Niaga, Bank
Group, and at Standard Chartered Malaysia Bank Berhad as Danamon, Bank Mega, and Lippobank.
Senior Manager, Risk Analytics for Consumer Banking.
She received her Bachelor’s from UNP Padang.
Previously, he started his career at Astra Credit Companies for
a periof of 10 years and held various senior positions in the
Credit Risk sector.
Faizin Rahmad Setiadi
He graduated from the Bandung Institute of Technology with a
bachelor of Industrial Engineering.
Head of Risk Control Unit – Strategy Finance &
SPAPM
Eric Gunawan Kosasih Indonesian Citizen, 34 years old.
He has held the position of Head of Risk Control Unit – Strategy
Finance & SPAPM since 2023, previously served as Acting Head
Head of HR Strategy, Center of Excellence & Risk
of RCU (Strategy Finance & SPAPM) in September 2022 and
Control
started his career at Bank CIMB Niaga as a Risk Control Unit
Indonesian Citizen, 53 years old. Specialist since August 2019.
His experience which started in June 2012 as Associate -
Risk Assurance at PWC Indonesia (KAP TWRR) provided him
He has held the position of Head of HR Strategy, Center
with a deep understanding of risk management in various
of Excellence & Risk Control since 1 October 2023. He has
sectors until he became Assistant Manager in 2018. Then,
extensive experience in the HR field from the various key
he continued to develop his career as Ethics & Compliance
positions he has held, including as Head of HR Strategy,
Manager in November 2018 at PT. INDAH KIAT TBK (Asia Pulp
Culture & Risk Control, HR Advisor, Head of HR Strategy for
and Paper), before finally joining Bank CIMB Niaga in 2019.
Performance and Analytics, as well as Head of Learning &
Development at the Human Resources Directorate since He holds a Master of Economics degree in Sharia Economics
September 2019. and Finance from Trisakti University Jakarta and a Bachelor of
Economics degree from Accounting - International Program -
Prior to rejoining CIMB Niaga in 2019, he had made his marks
Indonesian Islamic University (UII) in Yogyakarta. In addition,
in a variety of strategic roles. As a Senior HR Officer/Director
he completed Professional Accountant Education at Gadjah
at Lippo Group, he contributed to the development of Human
Mada University, Yogyakarta before being registered as a
Capital at RS Siloam Hospital Tbk Hospital. In addition, he
State Registered Accountant. He also has other professional
held several key positions, including as EVP/ Head of Talent,
certifications, such as Chartered Accountant - Indonesia,
Recruitment, Learning and Rewards at PT Bank Danamon Tbk,
Certified Risk Management Professional (American Academy
SVP/Head of Learning & Talent Development at PT Bank CIMB
of Project Management), CTFAIA (Certified Trained Forensic
Niaga Tbk, SVP of Resource Planning, Policy, Analytics and
Accounting and Investigative Auditing) and ASEAN - Chartered
Talent Management at PT Bank HSBC Indonesia, and VP of HR
Professional Accountant.
Development PT Bank BII.
He started his career as a Management Trainee at PT. Astra
Internasional Tbk – Toyota Sales Operations in 1995, before
Ferdinand Renaldi Wawolumaya
becoming involved in financial institutions in 2000 (Indonesian
Central Securities Depository - Capital Market Regulator).
Apart from his professional career, he also received Head of Trading & Structuring
professional certification as a Gallup Certified Strength Finder
Indonesian Citizen, 42 years old.
Coach, Competency Certification at the General Manager
Human Resources level, NLP Master Business Practitioner Prior to serving as Head of Trading & Structuring, he held
License, MBTI License Practitioner, DDI Targeted Assessment several positions at CIMB Niaga, including as Trading &
& Identifying Criteria for Success. Restructuring Head, Rate & Structuring Head. He has gained
experience in the Treasury field since 2004.
In 1995, he graduated from the University of Indonesia with a
major in Petrochemical Engineering. He received a Bachelor of Science from the National University
of Singapore.
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Fransiska Liminda Halim Hartono Agus
Head of Audit - Technology Assurance & Data Head of Cyber Security
Analytics
Indonesian Citizen, 49 years old.
Indonesian Citizen, 41 years old.
He has been in his current position since 2022, having started
She has held the position of Head of Audit - Technology his career at CIMB Niaga in 2010 as IT Audit Head, having
Assurance & Data Analytics since 1 August 2022 and has also previously worked as IT Audit Head at Bank Danamon (2007-
held several key positions at CIMB Niaga, including IT Advisory 2010). He worked for PwC Indonesia as Senior Manager -
Head and Head Office Audit Head in 2010-2022. Before joining Technology Risk Management (2004-2007), Schlumberger as
CIMB Niaga, she had a career at PricewaterhouseCoopers in Technical Consulting Manager (2001-2003), and PwC Indonesia
2004-2010. and PwC Melbourne as Senior Consultant (1996-2001).
She earned an Accountant and Bachelor of Economics degree He graduated from Monash University with a Bachelor
from the Faculty of Economics and Business, University of Technology (Computer Studies). He holds several IT
of Indonesia in 2004. In addition, she also has several professional certifications and Audit and Risk Management
certifications, such as Certified Information Systems Auditor credentials, such as the CIA, CISA, CISSP, CEH, CRISC, and
(CISA), Certified in Cyber Security, Certified Prince2 Agile CRMA. Harvard University’s Cybersecurity Certified: Managing
Foundation, and Certified Data Protection Officer (CDPO) Risk in the Information Age.
Gerry Sarent Tenges Heintje Mogi
Head of Branch Transformation & Network Head of Non Branch Channel
Planning
Indonesian Citizen, 54 years old
Indonesian Citizen, 40 years old.
Serving as leader at Non-Branch Channel (NBC), he has
He has served as Head of Branch Transformation & Network driven strong business growth since June 2021. During 2023
Planning since 1 January 2023. Throughout his career at CIMB he has brought NBC to achieve significant growth in driving
Niaga since 2011, he has served in various positions, such Unsecured Loan growth, such as PL and Cash Plus, and Fee
as Head of Network Strategy, Group Head S&D Network & Base growth through increasing cross selling sales related to
Strategy, and Group Head Branch Distribution & Planning Bancassurance.
Head. Prior to CIMB Niaga, he had a career at i-Lead Consulting
He joined CIMB Niaga in 2014 and previously worked in the
and Bank Danamon.
mortgage team prior to taking on his current position.
He earned a Master of Science and a Bachelor of Science from
The Faculty of Law degree he earned from Parahyangan
the University of Southern California.
University was the key to his success in growing the bank’s
mortgage portfolio. Together with his various experiences and
accomplishments at Bank OCBC NISP, Bank UOB Buana, Bank
H Ahmad S Ilham Lippo, and Bank Bali.
Head of Region - Indonesia Timur, Bali Nusra
Region Hernaman Tandianto
Indonesian Citizen, 45 years old.
Head of Treasury Sales & Distribution
He joined CIMB Niaga in November 2022 and has held his
current position since then. Previously, he worked as Head of Indonesian Citizen, 45 years old.
the Regional Office at Bank Muamalat Indonesia from 2017 to
Appointed as Head of Treasury Sales & Distribution on 01
2020, Bank Permata from 2006 to 2017, with his last position
October 2023 and previously served as Head of Treasury
as Regional Head of Sulawesi Bali Kalimantan, Bank Danamon
Distribution & Institutional Sales and Head of Distribution &
from 2003 to 2006, Bank Bukopin from 2002 to 2003, and
Institutional Sales at CIMB Niaga since 2018. Previously, he
Lippo Bank in 2002.
had 21 years of experience working in banking with 19 years
He has a Master of Management from Hasanudin University in Treasury Sales in both foreign and local banking and all
Makassar and a Bachelor of Economics from Makassar Nitro customer segments, both corporate and retail customers.
Management College.
He has experience and certification in various products from
plain vanilla, derivatives and structured products, holds a
Masters in Management from Gadjah Mada University and a
Bachelor’s degree in Civil Engineering from Unika Atma Jaya.
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Hotamawaty Joni Hermanto
Head of Sharia RCU & Business Process Head of TB Sales, Service & Delivery
Indonesian Citizen, 50 years old. Indonesian Citizen, 47 years old.
She has 27 years of experience in banking, the last 19 He has been in his current position since March 2020. He
years in sharia banking. She started her career through the previously worked as the Financial Institution Head and Acting
Management Trainee route (1997) at Bank BNI, prior to joining Regional Transaction Banking Sales Head & Trade Sales Head
CIMB Niaga (Syariah) in 2004. Previously she served as Head at PT Bank Danamon Indonesia Tbk, as the Senior Business
of Sharia Product, Business Process & Business Analytics Development Manager at PT Bank HSBC Indonesia, and as
since 2020 and has held various positions during her career the Head of Global Trade and Transaction Services at PT Bank
at CIMB Niaga, including Branchless Banking & Sharia Non- Commonwealth Indonesia.
Retail Product Head, Sharia Product & Business Process Head,
In 1999, he graduated from Trisakti University with a major in
Sharia Financial Management & Analytics Head, and MIS &
financial management.
Sharia Reporting Head.
She holds a Master’s in Management (Strategic Finance) from
Paramadina Post Graduate School of Business and a Bachelor
of Economics (Accounting) from Padjadjaran University. She
Julyana
has participated in the MMDP Program at CIMB Leadership
Academy Malaysia, the Digital Leadership Program at SBM Head of Private Banking
ITB, and the Compact Digital Leadership Program – Emeritus &
Columbia Business School. Holder of BSMR Level 4 Certificate Indonesian Citizen, 49 years old.
and Sharia Accounting Certification from IAI. She was appointed Head of Private Banking at the Treasury
and Capital Market Directorate on 16 December 2019. She
began her banking career in 1998 with Citibank, NA Indonesia.
I Gusti Ngurah Dwi Sapta Prior to joining CIMB Niaga, she worked with several Private
Banking companies including Bank LGT LTD. Singapore as
Director-Private Banker, PT Julyus Baer Advisors Indonesia
Head of Non Retail Credit Administration and Bank Julyus Baer & Co. Ltd., Singapore as Director-Senior
Client Advisors, Standard Chartered Private Bank, Singapore,
Indonesian Citizen, 49 years old.
and American Express Private Bank, Jakarta.
Joined CIMB Niaga in October 2018 and prior to serving as
In 1997, she graduated from Parahyangan Catholic University
Head of Non-Retail Credit Administration CIMB Niaga, he has
with a major in Economics.
approximately 25 years of experience in the banking industry,
which started with serving as CRU Manager at Standard
Chartered Bank (1998-2004) continued by serving as Credit
Control Unit Head at PT Bank DBS Indonesia (2004-2007), Head Julyus Wiantara Tjhioe
of Credit Control Unit at PT Bank Danamon Indonesia Tbk
(2007-2015), and as Head of Credit Risk Control at Standard
Chartered Bank (2016 - 2018). Head of Operational Risk Management
He graduated from Trisakti University in Jakarta with a Indonesian Citizen, 57 years old.
Bachelor of Industrial Engineering. Since 2015, he has served as the Head of Operational Risk
Management (ORM) at CIMB Niaga.
He previously worked at Citibank N.A. Indonesia as Head of
Iwan Pujiharto ORM (2012-2014), Bank DBS Indonesia as Head of ORM (2007-
2011) and Head of Internal Audit (1999-2007), and several
Head of Tax Management other banks as Head of Internal Audit.
Warga Negara Indonesia, 56 tahun. In 1992, he received his Bachelor of Economics from
Macquarie University in New South Wales, Australia, with
Joined CIMB Niaga in April 2013 and currently serves as Head majors in Finance and Accounting.
of Tax Management. Previously, he had a career at Bank
Permata (2006-2013) with his last position as Head of Tax.
He also has experience as a Tax Consultant at Ernst & Young
(2001-2006) and Arthur Andersen (1998-2001).
He holds a Bachelor of Economics from STIE Perbanas and is
currently a member of the Association of National Banks’ Tax
Committee (Perbanas).
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Juto Budihardjo Lena
Head of Network Service & Operations Head of Loan Workout – Commercial Banking
and Emerging Business Banking
Indonesian Citizen, 53 years old.
Indonesian Citizen, 56 years old.
He joined CIMB Niaga in 2012 and has been the Head of
Network Service & Operations since April 2022. He has Joined CIMB Niaga in July 2015, and currently serves as Head
previously held positions, such as Branch Service Assurance of Loan Workout for Commercial Banking & EBB. She started
& Improvement Head. Prior to joining CIMB Niaga, he worked her career at Bank Permata (formerly Bank Bali), in 1991-2010,
at Rabobank International Indonesia from 2010 to 2012, HSBC with her final position as Head of Special Asset Management.
Bank from 2008 to 2010, and Bank Permata from 2003 to 2007. Prior to joining CIMB Niaga, she was Head of Special Asset
Management at Bank UOB Indonesia (2010-2015).
He graduated from the PPM College of Management with a
Master of Management and earned a Bachelor of Agricultural She earned a Bachelor of Economics from Atma Jaya University
Engineering from the Bogor Agricultural Institute. Yogyakarta in 1991.
Ketut Meliana Saputra Lina
Head of OIT Risk Control Unit & Strategic Risk Head of Good Corporate Governance &
Analytics Sustainability
Indonesian Citizen, 46 years old. Indonesian Citizen, 47 years old.
She joined CIMB Niaga in February 2022 and has held She joined CIMB Niaga in November 2017 and has been
her current position since then. Previously, she had the Head of Good Corporate Governance & Sustainability
careers in several banking and non-banking institutions, since September 2020. She previously had careers at Bank
including Commonwealth Bank as Division Head of Process QNB Indonesia, Bank UOB Indonesia, and Bank Victoria
Reengineering & Service Quality, Bank Permata as Department International, as well as at Hans Tuanakotta & Mustofa, a
Head of Reengineering & Customer Experience, and Citibank public accounting firm (member of DELOITTE TOUCHE).
Indonesia as Customer Experience Head.
She graduated from Tarumanegara University in Jakarta with a
She earned a Master of Science and a Bachelor of Science from Bachelor of Economics.
California State University.
Linda Marshelia
Koei Hwei Lien
Head of Financial Institution
Head of Retail Credit Risk Management & PJS
Indonesian Citizen, 52 years ols.
Head of Risk Analytics & Infrastructure
Since October 2018, she has served as Head of Financial
Indonesian Citizen, 50 years old.
Institutions, supervising banks and non-bank financial
Serving as Head of Retail Credit Risk Management of CIMB institutions. She previously had careers at Citibank, Standard
Niaga since May 2015. Chartered Bank, and MUFG Bank Jakarta, where she
most recently served as Head of Financial Institution and
She began her career at GE Finance Indonesia before studying
Multinational Corporate.
retail risk management and holding positions as Credit Policy
& Risk Analytic Head at ABN AMRO/RBS, Standard Chartered She holds a Bachelor of Business Administration from the
Bank, and Bank Danamon. Indonesian Institute of Business and Informatics (IBII) and has
completed the Executive Leadership Program at the University
She earned a Bachelor of Economics from Atma Jaya University
of Oxford- Said Business School.
Yogyakarta and a Master in Management from Prasetiya
Mulya.
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Liston Siahaan Lydiya Widjaja
Head of Compliance Management Head of Audit - Operation, Network & Syariah
Audit
Indonesian Citizen, 55 years old.
Indonesian Citizen, 48 years old.
Currently serving as Head of Compliance Management CIMB
Niaga. Previously, he served as Head of the Risk Management Joined CIMB Niaga in July 2018 as Audit Segment Head &
Group Division at Bank Niaga and worked at the National Head of Audit - Operation, Sharia & S&D on 01 October 2020.
Banking Restructuring Agency and PT Pefindo (Credit Rating Previously, she served as Audit Head at Bank OCBC NISP
Agency). He is involved in developing the Governance, Risk (2007-2018) and started her career at Bank BCA (1996- 2007)
and Compliance (GRC) framework in banks to ensure that with her last position as Senior Auditor.
its implementation is more effective. Such as developing the
She has a Master’s in Management and a Bachelor of
ReCom application to help manage compliance risk in banks,
Economics from Unika Atma Jaya.
developing an online-based learning system, and developing
the use of digital data applications to automate compliance
monitoring in banks.
He received a Bachelor of Science in Urban and Regional
Magdalena
Planning from Bandung Institute of Technology in 1992 and
a Masters of Management from Prasetiya Mulya Business Head of OIT Office, Cost Management, &
School in Jakarta in 1996. Analytics
Indonesian Citizen, 44 years old.
Livia Sutanto She joined CIMB Niaga in July 2010 and has been Head of
OIT Office, Cost Management & Analytics since September
2020. Her previous career history includes Bank International
Head of Rewards & Budgeting Indonesia, Citibank, and Allianz Life Indonesia.
Indonesian Citizen, 42 years old. She earned a Bachelor of Economics from Parahyangan
Catholic University in Bandung.
She joined CIMB Niaga in October 2011 as Head of Rewards
and since October 2021, she has served as Head of Rewards
& Budgeting. Her last position prior to joining CIMB Niaga, she
served as Head of Compensation at PT SMART Tbk and had Maya Latif
a career as a Reward Information Services Consultant at Hay
Group.
Head of Risk Control Unit - Consumer Banking
She graduated from Inti College with a Bachelor of Computer
Science in 2002. Indonesian Citizen, 43 years old.
She became Head of the Risk Control Unit - Consumer Banking
on 1 May 2022, after previously serving as Risk Control Unit
Lusiana Saleh & Strategy Head Jakarta since 1 March 2020. Prior to joining
CIMB Niaga, she had careers at Bank Mega, Bank Permata,
Bank DBS Indonesia, ABN Amro Bank, and Standard Chartered
Head of Digital Banking, Branchless & Bank.
Partnership
She graduated from Atma Jaya Catholic University in Jakarta
Indonesian Citizen, 40 years old with a Bachelor of Social Science.
She has been Head of Digital Banking, Brancless & Partnership
since November 2022, after previously serving as Group
Head of Branchless Banking Business Development since Maya Sartika
2017. She has held several key positions at CIMB Niaga
since 2012, including E-Channel & ATM Development Head,
Branch & Branchless Banking Channel Management Head, Head of Region - Sumatera Region
and E-Channel Strategic New Wave Marketing Head. She Indonesian Citizen, 60 years old.
previously had careers at ANZ Bank Singapore and Indonesia.
She began her career at CIMB Niaga since 2007 as Regional
She holds a Bachelor of Science Engineering degree from Business Head Sumatra. Her career in banking began in 1990
Purdue University, West Lafayette, United States. at Maybank with her last position being Branch Manager
(2004) and at Bank ABN AMRO as Branch Manager until finally
moving to CIMB Niaga in 2007.
While at CIMB Niaga, she held several key positions, namely
Area Manager S&D II, Head of S&D IV, Regional Head Sumatra,
and Head of Region Sumatra.
She holds a Bachelor of Economics - Accounting from Darma
Agung University in Medan.
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Melinda Kussala Dewi Muhammad Shodiq
Head of NDB Business Strategy & Performance Head of Learning & Development
Indonesian Citizen, 38 years old. Indonesian Citizen, 48 years old.
She holds the position of Head of NDB Business Strategy & He has been in his current position since October 2021, after
Performance since January 2023, and started her career at previously serving as Sharia, Sales & MSME Learning Academy
Bank CIMB Niaga since May 2017 as Commercial Banking Head, and Business Learning Head in the HR Directorate. He
Analytic Head and most recently as Non-Retail Business joined CIMB Niaga in October 2014, having previously worked
Planning & Strategy Head. at several well-known institutions, including Bank Rakyat
Indonesia Syariah as Head of the Academic Learning Center
Has experience in the banking industry for more than 17
Department, Sampoerna Financial Group as Vice President of
years, starting as a Manager Trainee at Bank Danamon
Human Capital Development, and Bank Danamon Indonesia.
in October 2006, continued by serving as Senior Project
Manager at Maybank in December 2013 and returning to his He earned the title of Chartered Islamic Finance Professional/
career at Bank Danamon as Senior Transformation Leader in Master of Islamic Finance after completing his education in
September 2015 Islamic Banking & Finance at INCEIF - Malaysia. He also has
a Master of Mechanical-Manufacturing Engineering from the
She holds a Bachelor of Engineering degree from the Bandung
University of Indonesia and a Bachelor of Mathematics from
Institute of Technology (ITB).
Airlangga University.
Mika Martumpal Nora Joice Kimbal
Economist
Head of HR Shared Services & MIS
Indonesian Citizen, 44 years old.
Indonesian Citizen, 53 years old.
He joined CIMB Niaga in January 2012 as Research & Strategy
She has been the Head of HR Shared Services & MIS since
Head and has been acting as Chief Economist since July 2021.
October 2021, having previously been the Head of Learning
He has worked for several well-known financial institutions,
and Development since July 2020. She has also held several
including the Commonwealth Bank and Bangkok Bank.
key positions at CIMB Niaga, including Learning Intervention
He holds a Bachelor of Economics from the University of Head, CX Strategy and Performance Head, and Customer
Indonesia. Experience Program & Improvement Head.
She earned a Bachelor from Udayana University in Bali.
Miranty Supardi
Paskalina Purwa Ndadari Singara
Head of Corporate Banking
Indonesian Citizen, 42 years old. Head of Foreclosed Asset & Business Planning
She joined CIMB Niaga in August 2014 and was appointed as Indonesian Citizen, 49 years old.
the Head of Corporate Banking, which oversees Private and
She has been the Head of Foreclosed Asset & Business
Public Sector clients.
Planning at CIMB Niaga since June 2020, after serving as the
She began her career with Deloitte and Ernst & Young in the Head of Credit Office & Asset Disposal since July 2019. She
United States. She has also held various senior positions at began working for CIMB Niaga in January 2012.
Citibank New York and Hong Kong, with her most recent
She earned a bachelor of industrial engineering from
position as Senior Vice President of Corporate and Investment
National Development University and a Master of Business
Banking at Citibank Indonesia.
Administration in finance from Trisakti University.
She earned a Bachelor of Business Administration from
University of Wisconsin Madison, USA, and a Master of
Business Administration from Cornell University, USA.
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Patricia Hendrawirawan Ratri Setyorini
Head of TB Business Strategy & Liability Head of Risk Control Unit - Corporate Banking,
Management Financial Institution & Transaction Banking
Indonesian Citizen, 43 years old. Indonesian Citizen, 46 years old.
She joined CIMB Niaga in June 2013 and has held several She began serving as Head of the Risk Control Unit - Corporate
positions, including Sales Management Head, Segmentation Banking & Financial Institutions and Transaction Banking
Strategy Head, Strategic Planning & Performance Management in 2021, after serving as Head of RCU Business Banking
Head, and Business Strategy & Support Head since 2018. She since November 2018. She started her career at Citibank in
previously had careers at Asuransi AXA Indonesia as Head September 2001, and her most recent position prior to joining
of Strategic Planning & Business Development, Bank ICBC Bank CIMB Niaga was as Head of Middle Office and Support
Indonesia, and Bank UOB Buana. at Bank UOB Indonesia. She previously worked at Standard
Chartered Bank Japan and as a guest auditor at various
She earned a Master of Management (Finance) from the
Standard Chartered Bank foreign branches, such as Pakistan,
University of Indonesia with a Cum Laude predicate and a
Bangladesh, India, and Malaysia. She has over ten years of
Bachelor of Economics from Tarumanagara University in
experience in retail and non-retail banking operational risk
Jakarta.
management.
She graduated from the International University of Japan
(IUJ) with a Master’s in E-Business Management and from the
Peter Gunawan Bandung Institute of Technology (ITB) with a Bachelor of Civil
Engineering.
Head of Anti Money Laundering
Indonesian Citizen, 44 years old.
Rhena Octaria
He has been the Head of Anti-Money Laundering since 1
March 2022, having previously served as the Head of AML
Business Alignment and Awareness since 2 January 2019. He Head of Region Jatim
began his banking career in 2001 in Operations Development
Indonesian Citizen, 39 years old.
at Bank OCBC NISP.
She holds the position of Head of Region East Java since
He graduated from the Bandung Institute of Technology with
December 2022 and has diverse and long experience, starting
a Bachelor of Science
her career at Bank CIMB Niaga (Lippo) since starting work
in 2008 as Branch Sales Development, Relationship Officer,
Consumer Liability Officer, Funding Sales Officer and holding
Pribadi Wijayanti Kusumodewi several key positions at the level of Manager, Branch Manager,
Senior Branch Manager, Branch Area Manager East Java Area
III up to Branch Area Head - East Java, Bali & Nusra Area III in
Head of HR Business Partner 1 & Industrial April 2022.
Relations
She earned a Bachelor of Pharmacy degree and professional
Indonesian Citizen, 53 years old. pharmacist education at the University of Surabaya.
She is currently the Head of HR Business Partner, overseeing
the Business Banking, Transaction Banking, Treasury & Capital
Market, Risk Management, Special Asset, and Anti-Fraud Ria Yohanita
Management business units, as well as the Industrial Relations
function. She began her career at CIMB Niaga in May 2014 as
the HRBP Head for Support Functions (Enablers), TCM, and Head of Operational Accounting
Sharia Banking. During her more than 20-year banking career,
Indonesian Citizen, 44 years old.
she has held several strategic Human Resources positions in
the HRBP, Recruitment, Employee Relations, and Governance Since June 2017, she has been the Head of Operational
functions at Bank Mega, Citibank, Bank Permata, Barclays Accounting at Bank CIMB Niaga. She has over 19 years of
Bank, Bank Danamon, ABN AMRO, and GE Money (financial banking experience, beginning as Supervisor and Assistant
institutions – non-banks). Manager, Finance & Accounting Department at PT ANZ Panin
Bank (2004-2009). She went on to serve as Head of Project &
She graduated from the University of Indonesia with a
Development, Finance & Accounting Department at PT Bank
Bachelor of Economics.
UOB Indonesia (2011-2013), Head of FTP Policy & Framework,
Central Treasury Unit at PT Bank UOB Indonesia (2013-2016),
and finally as Risk Control Unit Head for the Strategy & Finance
Directorate at PT Bank CIMB Niaga in 2016.
She graduated from the University of New South Wales -
Sydney with a Bachelor of Commerce (B. Com) in Finance &
Financial Management Services and a Master of Commerce
(M. Com) in Accounting & Finance.
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Highlight Report Profile Discussion & Analysis Management
Riboet Budiono Sandi Maruto
Head of Sharia Business Banking Head of ALM Risk
Indonesian Citizen, 56 years old. Indonesian Citizen, 43 years old.
Joined CIMB Niaga in April 2016 as Head of Corporate Banking Before joining CIMB Niaga as ALM Risk Group Head in February
– SOE, Infrastructure & Energy. Starting July 2022 appointed 2015, he worked at Standard Chartered Bank as Country Head
as Head of Sharia Business Banking responsible for Sharia’s of Market & Liquidity Risk from 2011 to 2015. In 2011, he was
portfolio in SME, Financial Institution, Commercial Banking also the Head of Analytics and Policy at Bank Danamon.
and Corporate Banking.
He holds a Financial Risk Manager (FRM) certificate from the
Prior to joining CIMB Niaga, he worked at Standard Chartered Global Association of Risk Professionals (GARP), a Master’s
Bank as Director Corporate & Institutional Client, GE Capital in Management from the PPM School of Management, and
SE Asia in Singapore, Branch Manager at Clipan Finance a Bachelor of Civil Engineering from the Bandung Institute of
Indonesia and Societe Generale Bank Technology.
He earned his Bachelor of Accounting from Brawijaya
University.
Santori Malinton
Roy Bahren Siregar Head of Information Technology
Indonesian Citizen, 51 years old.
Head of Capital & Balance Sheet Management
Currently serving as Head of Information Technology since
Indonesian Citizen, 42 years old. 1 August 2023, and joined CIMB Niaga with the position of
Head of Data Management in early 2020. Previously, he had
He started his career as a Management Trainee in the Executive
a career at HSBC Indonesia as SVP of IT Data Management in
Education Program at Bank Niaga in 2004 and currently
2018-2020. He was responsible for Technology Risk and Audit
serves as Head of Capital & Balance Sheet Management
at Commonwealth Bank of Australia Group (Australia and New
since 1 January 2022. He previously served as Asset Liability
Zealand) in 2010-2018, Ernst & Young (Australia) in 2007-2010,
Management Head, Asset Liability Management Coordinator
and PricewaterhouseCoopers, Jakarta.
and Division Head Bank Product, FTP & Hedging, ALM Analyst.
He earned a Bachelor from Bina Nusantara University.
He earned a Bachelor of Economics from Padjadjaran
University and an MBA from Gadjah Mada University.
Solihin Hakiekie
Rudy Hutagalung
Head of HR Business Partner 2 & Talent
Partnership
Head of Government Relation
Indonesian Citizen, 44 years old.
Warga Negara Indonesia, 57 tahun.
He joined CIMB Niaga in December 2018, as of 01 October
Appointed as Head of Government Relations on 01 July 2023.
2023 he served as Head of HR Business Partner 2 & Talent
Previously, he also served as Head of Government Relations
Partnership, and previously held several positions as Head of
and Special Staff to the CEO since 1 December 2016 and Head
HR OD, Talent & Performance Management, Head of Strategy,
of Government Relations since 1 March 2016. He also served
Performance & OD and Head of Organization Development,
as Corporate Secretary of CIMB Niaga and concurrently as
Talent & Employee Relations. Prior to joining CIMB Niaga, he
Head of Corporate Affairs & Legal CIMB Niaga since 1 October
was Head of the HR Center of Excellence at Commonwealth
2013 and Head of Legal and Litigation CIMB Niaga (2012)
Bank until 2018, and he previously also had careers at Toyota
He earned a Ph.D. in Law (M&A) from American University in Astra Financial Service until 2010 and SCTV until 2009.
London, UK, in 2009, a Master of Law (LLM) in Business Law
He holds a Master’s in Management from PPM Management
from the University of Minnesota Law School in 1999, and a
College and a Bachelor of Science in Social and Political from
Bachelor of Law (SH) from Gadjah Mada University Yogyakarta
Parahyangan Catholic University.
in 1990.
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Stella Fiona Surya Kirana Sulistiyo
Head of Finance Head of Legal / General Counsel
Indonesian Citizen, 40 years old. Indonesian Citizen, 58 years old.
She has been Head of Finance since September 2021, after Since May 2016, he has been the Head of Legal at CIMB Niaga.
holding several key positions at CIMB Niaga, including Head of He has held various positions, including General Legal Counsel
Budgeting & Capital Management, Financial Controller Head, of Bank Danamon Indonesia and Legal Division Head of UOB
Capital Management & Product Profitability Group Head, and Indonesia.
Product Profitability & FTP Head. She previously had a career
He earned a Bachelor of Law from Trisakti University and a
at PricewaterhouseCoopers in New York and Jakarta before
Master of Law from the University of Indonesia.
joining CIMB Niaga.
She earned a Bachelor of Economics from Padjadjaran
University in Bandung and a Professional Accountant
Education certificate from the University of Indonesia in
Syamsul Aidi Bachtiar
Jakarta.
Head of Advisory & Legal Sharia
Indonesian Citizen, 50 years old.
Sudono Salim
He has 20 years of sharia banking experience. In 2013, he
joined CIMB Niaga (Syariah) as Group Head Advisory & Sharia
Head of Audit-Professional Practices Legal. He has been the Head of Advisory & Legal Sharia
since 2019. Previously, he worked in various positions at
Indonesian Citizen, 38 years old.
Bank Syariah Mandiri (2002-2013), most recently as Branch
He joined CIMB Niaga as Audit Segment Head in July 2020 and Manager.
is currently the Head of Audit - Professional Practices. He had
He earned a Master of Arts in Islamic Studies from the National
careers at PwC Indonesia (2007-2013; 2015-2020), PwC USA -
University of Malaysia and a Bachelor of Islamic Law (majoring
New York Office (2013-2015), and EY Indonesia (2007-2013).
in Accounting) from Al-Azhar University in Cairo. Holder of a
(2007).
BSMR Level 4 Certificate.
He graduated from the University of Indonesia with a Bachelor
of Accounting and from the University of Surabaya with a
Bachelor of Economics.
Tajindra Pal Singh
He has a Chartered Accountant (CA) certification from
the Indonesian Institute of Accountants (IAI), a level 4
Risk Management certificate (BSMR), and a Prince2 Agile
Head of Wholesale Banking Operations
Foundation certificate from AXELOS. He is a member of the Indonesian Citizen, 48 years old.
board of the Bank Internal Auditors Association (IAIB) for the
2020-2023 period. He joined CIMB Niaga in September 2020 as Head of OIT Risk
Control Unit & Strategic Risk Analytics. Currently, he serves
as the Head of Wholesale Banking Operations. He previously
served as SVP of Service Excellence at PT Aplikasi Anak Bangsa
Suherman Onihana (Gojek) and has 15 years of experience at Citibank, with the
last position as Credit Operations and Technology Director in
2019.
Head of Loan Workout Corporate Banking
He graduated from Michigan State University with a Bachelor
Indonesian Citizen, 54 years old.
of Science and a Master of Science.
Since July 2017, he has been the Head of Loan Workout for
Corporate Banking at CIMB Niaga. He has worked in the loan
recovery sector at Commonwealth Bank since 2006 and most
recently at HSBC as Head of the Loan Management Unit since
Tjahjadi Yapeter
2010. He previously had a 10-year career at Bank Permata.
He graduated from Tarumanagara University as Bachelor of
Head of Non-Retail Credit Risk Management
Economics in 1993. Indonesian Citizen, 55 years old.
He has been the Head of Non-Retail Credit Risk Management
since February 2021 and the Head of Wholesale Banking
Credit since joining Bank CIMB Niaga in November 2012.
He previously had careers at Bank BCA as Head of Structured
and Project Finance and at HSBC Bank as Head of the Credit
Approval Unit.
He holds a Bachelor of Science in Industrial Engineering and
Management from Oklahoma State University in the United
States of America.
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Tony Tardjo Waskin
Head of Emerging Business Banking Head of Strategic Procurement & Admin
Property Management
Indonesian Citizen, 54 years old.
Indonesian Citizen, 56 years old.
He has been the Head of Emerging Business Banking at CIMB
Niaga since March 2020, after serving as Head of Analytics & Since October 2018, he has been the Head of Strategic
Customer Experience in 2019, Head of Sales & Distribution for Procurement & Admin Property Management at CIMB
the Out Region in 2015, and Head of Consumer Lending since Niaga. He previously had careers at CIMB Niaga as Group
January 2011. From 2010 to 2011, he was the Retail Lending Head of Project Development & Integration Management,
Head at Bank Permata, and from 2009 to 2010, he was the at Bank Permata as Group Head of Data Quality & Strategic
Consumer Lending Business Head at Barclays Bank. Information Management, at CIMB Niaga as Division
Head Information Management, Panin Bank as Head of IT
He graduated from The Ohio State University in Columbus,
Security & Core Banking Implementation, and Bank Bali as IT
Ohio, with a Bachelor of Science in Electrical Engineering and
Development Staff.
attended the INSEAD Business School Executive Program in
2012. He earned a Bachelor of Information Management from the
Faculty of Computer Science, Gunadarma University, and a
Master of Sharia Business Management from the Faculty of
Economics, Tazkia Institute.
Trisna Lucia Mauliaty Siahaan
Head of Credit Card, Merchant & Personal Widodo Suryadi
Financing Business
Indonesian Citizen, 51 years old.
Head of Commercial Banking
Since 1 May 2022, she has served as the Head of Credit Card,
Indonesian Citizen, 50 years old.
Merchant, and Personal Financing Business. She has also held
several key positions at CIMB Niaga, including Credit Card He has been the Head of Commercial Banking at CIMB Niaga
Management Head, Credit Card National Sales Head, and since September 2019, having previously served as the SEVP/
Merchant Business Head. She began her banking career in Deputy Head of Micro, Small, and Medium Enterprises. In
2001 as Credit Analyst Head at Bank Danamon. September 2015, he joined CIMB Niaga as SEVP/Head of
Corporate Banking II. He previously worked as EVP/ Head of
She graduated from the Bandung Institute of Technology with
Wholesale Banking at Commonwealth Bank (2011-2015) and
a Master of Engineering.
in various other positions at DBS, Rabobank, Citibank, and
Arthur Andersen.
In 2009, he received an MBA from the Bandung Institute of
Wahdinie Musmar Technology, and in 1996, he received a Bachelor of Business
Administration from the University of Wisconsin at Madison,
Head of Non-Retail Credit Policy and Assurance USA.
Testing
Indonesian Citizen, 52 years old.
Wijaya Handoyo Jo
Serves as Head of Non Retail Credit Policy and Assurance
Testing and joined CIMB Niaga in January 2016. Prior to her
current position, she served as Credit Audit Head from January Head Of Consumer Strategy & Partners
2016 to December 2017. She has a career covering all credit Development
segments in banking, holding various positions including
Indonesian Citizen, 49 years old.
Senior Credit Approver and Head of Credit Administration at
Standard Chartered Bank and ABN AMRO Bank. He holds the position of Head of Consumer Strategy &
Partners Development since January 2023, and started his
She holds a Bachelor of Economics in Financial Management
career at Bank CIMB Niaga in May 2019. Has diverse and
from Padjadjaran University in Bandung and an MBA in
long experience of more than 21 years from various banking
International Trade from Texas A&M International University,
institutions, previously in January 2014, he joined Mastercard
USA.
International as VP Member Relationships. He started his
career at BCA in 1998, and in 2003 as HSBC VP Cards & PIL
Policy and in 2005 he had a career at Standard Chartered Bank
as Head of CTB & Secured Loan – Retail Banking Product
He earned a BA in Economics at the University of Wisconsin
Madison – USA.
106 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Number of Employees and Competency
Development Data Statistics
COMPOSITION OF EMPLOYEES BASED ON DIRECTORATE AND SUB-DIRECTORATE
Directorate 2023 2022
Consumer Banking 2,226 2,151
Network & Digital Banking 5083 5,053
Business Banking* 628 789
Emerging Business Banking** 203 -
Treasury & Capital Market 110 105
Syariah Banking 92 90
Operations & IT 1,755 1,714
Strategy, Finance & SPAPM 387 401
Human Resources 145 145
Risk Management 204 204
Special Asset 52 56
Compliance, Corporate Affairs & Legal 104 104
Corporate Assurance 113 110
Anti Fraud Management 14 14
Total 11,116 10,936
*)
The Business Banking Directorate consists of Corporate Banking, Commercial Banking, Financial Institution, Digital Economy, Government Relations, Transaction
Banking, Structured & Syndicate Finance and Loan Agency, RCU (COBA, FI, TB)
**)
In 2023, Emerging Business Banking is moved from Business Banking
COMPOSITION OF EMPLOYEES BASED ON ORGANIZATION LEVEL
Organization Level 2023 2022
Senior Management 255 238
Middle Management 1,530 1,506
Juneor Management 7,506 7,251
Non-Management 1,825 1,941
Total 11,116 10,936
COMPOSITION OF EMPLOYEES BASED ON EDUCATION LEVEL
Education Level 2023 2022
Up to High School 260 325
Diploma 1 27 26
Diploma 2 1 1
Diploma 3 1,201 1,221
Diploma 4 48 25
Bachelor’s Degree 8,811 8,580
Master’s Degree 761 750
Doctorate 7 8
Total 11,116 10,936
NUMBER OF EMPLOYEES BASED ON EMPLOYMENT STATUS
Employment Status 2023 2022
Permanent Employee 9,992 9,819
Contract Employee 1,124 1,117
Total 11,116 10,936
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Highlight Report Profile Discussion & Analysis Management
NUMBER OF EMPLOYEES BASED ON TERM OF OFFICE
Term of Office (year) 2023 2022
<1 2,427 1,859
> 1-5 3,252 3,738
> 5-10 2,227 2,252
> 10-15 1,281 1,133
> 15 1,929 1,954
Total 11,116 10,936
NUMBER OF EMPLOYEES BASED ON AGE
Age (years old) 2023 2022
< 25 525 560
> 25-30 2,520 2,502
> 30-35 2,512 2,436
> 35-40 2,171 2,235
> 40 3,388 3,203
Total 11,116 10,936
NUMBER OF EMPLOYEES BASED ON GENDER
Gender 2023 2022
Male 5,471 5,379
Female 5,645 5,557
Total 11,116 10,936
COMPETENCY DEVELOPMENT PROGRAM BASED ON TYPE OF TRAINING
2023 2022
Type of Training Participants Participants
Mandays (day) Mandays (day)
(people) (people)
Managerial, Leadership, & Soft Skills 37,878 15,608 35,409 12,228
Development Program & The Complete Banker 2,531 181,539 1,456 132,779
Risk, Corporate Assurance & Compliance 98,855 29,133 51,752 22,068
Digital and Data 25,347 6,711 70,375 23,199
Sales 22,492 10,566 25,081 12,725
Services 35,138 12,775 39,350 12,798
Treasury, Finance, & Tax 3,214 3,374 1,391 ‘651
Credit 3,214 3,374 7,082 4,557
Operations & Information Technology 24,747 8,156 53,969 31,226
Sharia 13,403 5,565 10,896 7,540
Transaction Banking 332 296 495 211
Culture 52,853 18,803 27,131 7,223
Retirement 28 112 55 193
Sustainability and Sustainable Finance 23,129 6,411 4,254 1,403
Team Building 9,176 2,294 9,542 2,497
Others (Trainer Convention, Sharing Session, etc.) - - - -
Total 350,154 302,064 338,238 271,297
108 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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TRAINING TYPE, OBJECTIVE, AND PARTICIPANT/ POSITION LEVEL
Type of Percentage
Training who have
(in the Senior Middle Junior & Non attended
Total
amount of Training Objective Management Management Management training for
participant/ each type of
Training training
Program) 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022
Managerial, Develop employees’ leadership 623 601 3,356 4,257 33,899 30,551 37,878 35,409 11% 10%
Leadership & skills, managerial skills and soft
Soft Skills skills.
Development Development programs that - - - - 2,531 1,456 2,531 1,456 1% 0%
Program & provide a thorough understanding
The Complete in a particular field, such as
Banker ITDP, ODP, SMEDP, RMDP, Teller
DP, and TCB are development
programs that provide a thorough
understanding in the banking
industry.
Risk, Corporate Develop employees’ ability 1,767 958 11,553 6,362 85,535 44,432 98,855 51,752 28% 15%
Assurance & to manage risk and improve
Compliance compliance in all job roles
Digital and Improve competence and skills in 440 1,238 2,541 8,440 22,366 60,697 25,347 70,375 7% 21%
Data the era of digitalization
Sales Improve employee competencies 69 170 1,405 1,790 21,018 23,121 22,492 25,081 6% 7%
and skills in sales aspects
Service Develop competencies and skills 335 388 2,372 3,148 32,431 35,814 35,138 39,350 10% 12%
in providing satisfactory customer
service and experience.
Treasury, Improve employee competencies 67 29 199 278 765 1,084 1,031 1,391 0% 0%
Finance, & Tax and skills in carrying out tax
collection, customs clearance and
other fiscal activities.
Credit Improve competencies and skills in 171 188 1,067 1,278 1,976 5,616 3,214 7,082 1% 2%
the credit value chain and build an
integrated credit process
Operations & Improve employee competencies 160 108 2,019 2,648 22,568 51,213 24,747 53,969 7% 16%
Information and skills in carrying out business
Technology operations and develop the
Company’s information technology
capabilities.
Sharia Improve the competence and 126 186 1,018 1,878 12,259 8,832 13,403 10,896 4% 3%
skills of employees in carrying out
sharia-based banking activities
Transaction Improve employee competencies 23 17 79 29 230 449 332 495 0% 0%
Banking and skills in carrying out financial
transaction activities effectively
and efficiently.
Culture Develop employees’ skills towards 1,164 518 7,616 5,045 44,073 21,568 52,853 27,131 15% 8%
the company culture
Retirement Improve employee competencies - 1 9 15 19 39 28 55 0% 0%
and skills for retirement
Sustainability Develop competencies and 528 116 2,839 467 19,762 3,671 23,129 4,254 7% 1%
and skills in achieving sustainable
Sustainable development goals
Finance
Team Building Togetherness activities to 391 341 1,736 1,773 7,049 7,428 9,176 9,542 3% 3%
strengthen cooperative
relationships that have an impact
on improving teamwork
Others (Trainer Developing employees’ - - - - - - - - 0% 0%
Convention, competencies and technical skills
Sharing in accordance with business needs
Session, etc.) to achieve the Company’s targets.
Total 5,864 4,859 37,809 37,408 306,481 295,971 350,154 338,238 100% 100%
Percentage Who Have Participated in Training for 1.7% 1.4% 10.8% 11.1% 87.5% 87.5% 100% 100%
Each Position Level
PT Bank CIMB Niaga Tbk | 2023 Annual Report 109
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EMPLOYEE COMPETENCY DEVELOPMENT DATA
Senior Middle Junior & Non
Type of Training (in number of mandays/ Total
Management Management Management
training program)
2023 2022 2023 2022 2023 2022 2023 2022
Managerial, Leadership, & Soft Skills 512 406 2,311 2,044 12,785 9,779 15,608 12,228
Development Program & The Complete Banker - - - - 181,539 132,779 181,539 132,779
Risk, Corporate Assurance & Compliance 468 431 3,110 2,823 25,555 18,814 29,133 22,068
Digital and Data 220 478 778 2,950 5,714 19,771 6,711 23,199
Sales 35 77 966 773 9,566 1,1875 10,566 12,725
Service 61 66 553 654 12,161 12,078 12,775 12,798
Treasury, Finance, & Tax 134 23 184 145 404 483 721 651
Credit 165 105 1,036 1,511 2,173 2,940 3,374 4,557
Operations & Information Technology 50 68 639 2,053 7,466 29,106 8,156 31,226
Sharia 138 174 683 1,368 4,745 5,999 5,565 7,540
Transaction Banking 16 12 53 30 227 168 296 211
Culture 407 146 2,628 1,476 15,768 5,601 18,803 7,223
Retirement - 3 36 50 76 140 112 193
Sustainability and Sustainable Finance 443 49 847 243 5,121 1,111 6,411 1,403
Team Building 98 97 434 515 1,762 1,886 2,294 2,497
Others (trainer Convention, Sharing Session, etc.) - - - - - - - -
Total 2,747 2,132 14,258 16,635 285,062 252,529 302,064 271,297
COMPETENCY DEVELOPMENT COST (in billion Rupiah)
Type of Development 2023 2022 2021
Management 83.81 71.71 77.88
Domestic External Seminars & Courses 2.00 2.00 2.00
Overseas External Seminars & Courses 1.00 - -
Corporate Culture 3.95 3.48 4.34
Training Center 12.65 12.65 19.92
Operational Training 75.45 62.58 42.45
Sub Total 178.86 152.43 146.59
Realization of Reserves from he Previous Year - - -
Total 178.86 152.43 146.59
In 2023, CIMB Niaga allocated IDR 178.86 billion in funds for HR development, which was contributed by an increase
in the number of training days by 11.34% and the number of training participants, which was 3.52% compared to the
previous year. This increase was mainly driven by an increase in the number of CIMB participants. Signature Leadership
Program, which is divided into 3 levels, namely: Senior Leaders, Emerging Leaders & Juneor Leaders, in addition to
contributions from the Development Program, The Complete Banker and Apprenticeship.
POLICY ON OCCUPATIONAL HEALTH AND SAFETY
The Bank has a policy on Occupational Health and Safety which is described in the 2023 Sustainability Report
110 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Shareholder Composition
COMPOSITION OF 20 LARGEST SHAREHOLDERS AS OF 1 JANUARY 2023
Number of Shares Ownership
Name of Shareholder Status
(units) Percentage (%)
CIMB GROUP SDN BHD - Non Trading Malaysia - Tax Treaty 22,991,336,581 91.48
PT COMMERCE KAPITAL Limited Liability Company - NPWP 255,399,748 1.02
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 16 Norway - Tax Treaty 201,368,500 0.80
BANK CIMB NIAGA TBK PT. Bank - Domestic 193,251,282 0.77
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY - 15 Norway - Tax Treaty 92,133,131 0.37
THE NT TST CO S/A CIM INVESTMENT FUND ICAV Institution - Foreign 86,000,000 0.34
JOHAN SUNDJOTO Individual - Domestic 72,700,000 0.29
BNYM RE BNYMLB RE EMPLOYEES PROVIDENTFD Malaysia - Tax Treaty 42,457,756 0.17
BOARD-2039927326
PHILLIP SECURITIES PTE LTD Institution - Foreign 35,701,450 0.14
EDDO CHANDRA Individual - Domestic 30,000,000 0.12
Manulife Dana Ekuitas Insurance - NPWP 28,372,600 0.11
PT. PRUDENTIAL LIFE ASSURANCE - REF Insurance - NPWP 27,441,700 0.11
CGS-CIMB SECURITIES (SINGAPORE) PTE LTD Institution - Foreign 20,865,210 0.08
DRS.LO KHENG HONG Individual - Domestic 19,212,600 0.08
THE NT TST CO S/A VB SELECT PAN-ASIA FUND I, LP Institution - Foreign 18,000,000 0.07
CLEARSTREAM BANKING S.A. LUXEMBOURG Institution - Foreign 17,744,814 0.07
PT ELANG MAHKOTA TEKNOLOGI Limited Liability Company - NPWP 17,555,200 0.07
BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC- Institution - Foreign 15,768,890 0.06
2039925167
PT. CORIN INVESTA CORPORA Limited Liability Company - NPWP 15,150,000 0.06
OCBC SECURITIES PTE LTD -CLIENT A/C Institution - Foreign 13,789,082 0.05
OTHERS 937,358,299 3.73
Total 25,131,606,843 100.00
COMPOSITION OF 20 LARGEST SHAREHOLDERS AS OF 31 DECEMBER 2023
Number of Shares Ownership
Name of Shareholder Status
(units) Percentage (%)
CIMB GROUP SDN BHD-NON TRADING Malaysia - Tax Treaty 22,991,336,581 91.48
PT COMMERCE KAPITAL Limited Liability Company - NPWP 255,399,748 1.02
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY-16 Norway - Tax Treaty 182,000,000 0.72
PT BANK CIMB NIAGA TBK* Bank - Local 109,567,682 0.44
CITIBANK NEW YORK S/A GOVERNMENT OF NORWAY-15 Norway - Tax Treaty 92,133,131 0.37
THE NT TST CO S/A CIM INVESTMENT FUND ICAV Institution - Foreign 80,000,000 0.32
JOHAN SUNDJOTO Individual - Local 67,050,000 0.27
MANULIFE DANA EKUITAS Insurance - NPWP 36,355,400 0.14
EDDO CHANDRA Individual - Local 33,000,000 0.13
PHILLIP SECURITIES PTE LTD Institution - Foreign 30,851,419 0.12
STATE STREET BANK-WISDOMTREE EMERGING MARKETS United States of America - Tax 26,443,700 0.11
SMALLCAP DIVIDEND FUND Treaty
UOB Kay Hian Pte Ltd Institution - Foreign 21,641,608 0.09
PT. PRUDENTIAL LIFE ASSURANCE - REF Insurance - NPWP 21,395,200 0.09
DRS.LO KHENG HONG Individual - Local 19,764,000 0.08
DENDY SOERJONO Individual - Local 18,704,600 0.07
PT ELANG MAHKOTA TEKNOLOGI Limited Liability Company - NPWP 17,555,200 0.07
CGS-CIMB SECURITIES (SINGAPORE) PTE LTD Institution - Foreign 16,237,817 0.06
JONG TJHUN PING Individual - Local 15,300,000 0.06
PT. CORIN INVESTA CORPORA Limited Liability Company - NPWP 15,212,500 0.06
BNYM RE ACADIAN EM MKTS SM ALL CAP EQ FD LLC- Institution - Foreign 15,014,190 0.06
2039925167
Others 1,066,644,067 4.24
Total 25,131,606,843 100.00
*)
Treasury and MRT Shares
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COMPOSITION OF SHAREHOLDERS WITH MORE THAN 5% OWNERSHIP
1 January 2023 31 December 2023
Name of Shareholder Number of Shares Ownership Number of Shares Ownership Type of Share
(units) Percentage (%) (units) Percentage (%)
CIMB GROUP SDN BHD 22,991,336,581 91.48 22,991,336,581 91.48 Common Stocks
As of 31 December 2023, there were no institutional shareholders owning more than 5% of CIMB Niaga’s shares other
than CIMB Group Sdn. Bhd., which is the controlling shareholder of the Bank. However, CIMB Niaga continues to
guarantee the rights of shareholders in accordance with Article 11 paragraph 11.3. The Articles of Association stipulate
that shareholders, individually and jointly, representing at least 1/10 of the total number of shares with valid voting
rights, may propose agenda items to the GMS, including nominating members of the Bank’s Board of Directors and
Board of Commissioners.
COMPOSITION OF SHAREHOLDER GROUPS WITH LESS THAN 5% OWNERSHIP
Local Foreign
1 January 2023 31 December 2023 1 January 2023 31 December 2023
Shareholder Type of Type of
Group Number Ownership Number Ownership Share Number Ownership Number Ownership Share
Number of Number of Number of Number of
of Shares Percentage of Shares Percentage of Shares Percentage of Shares Percentage
Shareholders Shareholders Shareholders Shareholders
(units) (%) (units) (%) (units) (%) (units) (%)
Individual 715,452,351 2.85 25,099 842,250,727 3.35 34,317 Common 9,589,917 0.04 94 9,376,517 0.04 98 Common
Stocks & Stocks &
MESOP/ MESOP/
ESOP ESOP
Institution - - - - - - - 736,599,008 2.93 159 725,008,368 2.88 174 Common
Stocks
Individual – 5,716,613 0.02 24 5,792,013 0.02 32 Common - - - - - - Common
KITAS NPWP Stocks & Stocks &
MESOP/ MESOP/
ESOP ESOP
Bank 5,473,434 0.02 26 7,260,734 0.03 26 Common - - - - - - Common
Stocks Stocks
Broker 14,414,081 0.06 43 10,016,921 0.04 43 Common - - - - - - Common
Stocks Stocks
Government 88 0.00 1 - - - Common - - - - - - Common
of the Stocks Stocks
Republic of
Indonesia
Insurance - 69,684,518 0.28 33 67,724,318 0.27 33 Common - - - - - - Common
NPWP Stocks Stocks
Cooperative 574,813 0.00 13 560,313 0.00 12 Common - - - - - - Common
Stocks Stocks
Mutual Fund 60,165,194 0.24 28 44,865,206 0.18 39 Common - - - - - - Common
Stocks Stocks
Pension 6,444,174 0.03 33 751,074 0.00 30 Common - - - - - - Common
Funds Stocks Stocks
Limited 321,095,797 1.28 395 323,056,397 1.29 394 Common 898 0.00 2 898 0.00 2 Common
Liability Stocks Stocks
Company -
NPWP
Limited 54,783 0.00 3 54,783 0.00 3 Common - - - - - - Common
Liability Stocks Stocks
Company
– Without
NPWP
Foundation 43,968 0.00 31 43,968 0.00 31 Common - - - - - - Common
Stocks Stocks
Foundation – 1,709,343 0.01 5 959,243 0.00 5 Common - - - - - - Common
NPWP Stocks Stocks
Total 1,200,829,157 4.78 25,731 1,303,335,697 5.19 34,965 - 746,189,823 2.97 255 734,385,783 2.92 274 -
The Bank’s shareholder groups of less than 5% consists of institutions and individuals, with the amount owned on
1 January 2023, by 25.986 shareholders and on 31 December 2023, by 33.728 shareholders. Groups of Individual and
institutional shareholders with less than 5% ownership, both local and foreign, are as follows:
1 January 2023 31 December 2023
Shareholder Group Number of Number of Ownership Number of Number of Ownership
Shareholders Shares (units) Percentage (%) Shareholders Shares (units) Percentage (%)
Individual Local 25,123 721,168,964 2.87 34,349 848,042,740 3.37
Foreign 94 9,589,917 0.04 98 9,376,517 0.04
Institution Local 608 479,660,193 1.91 616 455,292,957 1.81
Foreign 161 736,599,906 2.93 176 725,009,266 2.88
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NUMBER OF SHAREHOLDERS AND PERCENTAGE BASED ON CLASSIFICATION
Local Foreign
1 January 2023 31 December 2023 1 January 2023 31 December 2023
Shareholder
Group Number Ownership Ownership Number Ownership Number Ownership
Number of Number of Number of Number of Number of
of Shares Percentage Percentage of Shares Percentage of Shares Percentage
Shareholders Shareholders Shares (units) Shareholders Shareholders
(units) (%) (%) (units) (%) (units) (%)
Bank 26 5,473,434 0.02 26 7,260,734 0.03 - - - - - -
Broker 43 43 14,414,081 0.06 43 10,016,921 0.04 - - - - - -
Government of 1 88 0.00 - - - - - - - - -
the Republic of
Indonesia
Individual 25,099 715,452,351 2.85 34,317 842,250,727 3.35 94 9,589,917 0.04 98 9,376,517 0.04
Individual – 24 5,716,613 0.02 32 5,792,013 0.02 - - - - - -
KITAS & NPWP
Cooperative 13 574,813 0.00 39 44,865,206 0.18 - - - - - -
Mutual fund 28 60,165,194 0.24 30 751,074 0.00 - - - - - -
Pension Fund 33 6,444,174 0.03 394 323,056,397 1.29 - - - - - -
Limited Liability 392 392 1.28 3 54,783 0.00 2 898 0.00 2 898 0.00
Company - 321,095,797
NPWP
Limited Liability 3 54,783 0.00 39 44,865,206 0.18 - - - - - -
Company –
Without NPWP
Insurance - 33 69,684,518 0.28 33 67,724,318 0.27 - - - - - -
NPWP
Foundation - 5 1,709,343 0.01 5 959,243 0.00 - - - - - -
NPWP
Foundation 31 43,968 0.00 31 43,968 0.00 - - - - - -
Institution - - - - - - 159 736,599,008 2.93 174 725,008,368 2.88
Total 25,731 1,200,829,157 4.78 34,965 1,303,335,697 5.19 255 746,189,823 2.97 274 734,385,783 2.92
SHARE OWNERSHIP (DIRECT AND INDIRECT) OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
Share ownership (direct and indirect) of members of the Board of Commissioners and Board of Directors who serve
and/or are appointed in 2023, as follows:
CIMB Niaga CIMB Group Other Bank/ Financial Non-Financial Institution
Name Position
Shares Shares Institution Shares Shares
1 January 2023
Board of Commissioners
Didi Syafruddin President - 46,791 shares • JP Morgan Chase: 15,767 • AT&T: 5,000 shares or (<5%);
Yahya Commissioner registered shares (<5%); • Empress Properties Sdn Bhd:
under the name • PT KAF Sekuritas Indonesia: 100 shares or 100% (registered
of Wife (Sarina 1,500,000 shares (<5%); under the name of Didi
Mahmood) • Warner Brothers Discovery: Syafruddin Yahya, wife: Sarina
1,210 shares (<5%.) Mahmood, and children: Iman
Yahya & Farah Dianputri).
Glenn M. S. Yusuf Vice President - - - -
Commissioner
(Independent)
Jeffrey Kairupan Independent - - - -
Commissioner
Sri Widowati Independent - - - -
Commissioner
Dato’ Abdul Commissioner - - Malayan Banking Berhad: 25,000 -
Rahman Ahmad shares (<5%)
Vera Handajani Commissioner 546,301# 828,583 in the - -
(<5%) name of Vera
Handajani
(<5%)
Board of Directors
Lani Darmawan President 776,401 (<5%) 506,303 (<5%) PT CIMB Niaga Auto Finance -
Director (CNAF): 22,000 shares (<5%)
Lee Kai Kwong Director 224,600 (<5%) 143,478 (<5%) - -
John Simon Director 508,201 (<5%) 496,124 (<5%) CNAF: 22,000 shares (<5%) -
Fransiska Oei Director 544,501 (<5%) 446,329 (<5%) • PT Bank Danamon Indonesia PT PP London Sumatera Tbk:
Tbk: 450,000 shares (<5%) 175,000 shares (<5%)
• CNAF: 22,000 shares (<5%)
Pandji P. Director 411,426 (<5%) 326,581 (<5%) - -
Djajanegara
Tjioe Mei Tjuen Director 25,500 (<5%) - CNAF: 22,000 shares (<5%) -
Henky Sulistyo Director - - • PT Allo Bank Indonesia Tbk: • PT HM Sampoerna Tbk: 42,000
5,000 shares (<5%) shares (<5%)
• PT BFI Finance Indonesia Tbk: • PT Multi Bintang Indonesia:
10,000 shares (<5%) 1,000 shares (<5%)
• BPD Jabar dan Banten: 40,600 • PT GoTo Gojek Tokopedia Tbk:
shares (<5%) 300,000 shares (<5%)
Joni Raini Director 45,001 (<5%) 56,271 (<5%) CNAF: 22,000 shares (<5%) -
Rusly Johannes Director 451,101 (<5%) 266,481 (<5%) CNAF: 22,000 shares (<5%) -
Noviady Wahyudi Director - 93,700 (<5%) CNAF: 10,000 shares (<5%) -
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CIMB Niaga CIMB Group Other Bank/ Financial Non-Financial Institution
Name Position
Shares Shares Institution Shares Shares
31 December 2023
Board of Commissioners
Didi Syafruddin President - 47,791 shares • JP Morgan Chase: 15,767 • AT&T: 5,000 shares or (<5%);
Yahya Commissioner registered in shares (<5%); • Empress Properties Sdn Bhd:
the name of • PT KAF Sekuritas Indonesia: 100 shares or 100% (registered
wife (Sarina 1,500,000 shares (<5%); in the name of Didi Syafruddin
Mahmood) Yahya, wife in the name of
Sarina Mahmood, and children
in the name of Iman Yahya &
Farah Dianputri).
Glenn M. S. Yusuf Vice President - - - -
Commissioner
(Independent)
Jeffrey Kairupan Independent - - - -
Commissioner
Sri Widowati Independent - - - -
Commissioner
Dato’ Abdul Commissioner - - Malayan Banking Berhad: 25,000 -
Rahman Ahmad shares (<5%)
Vera Handajani Commissioner 1,009,401# 850,196 in the - -
(<5%) name of Vera
Handajani
(<5%)
Farina J. Independent - - - • PT Pensieve Teknologi
Situmorang* Commissioner Indonesia: 1,675 shares or (>5%)
• PT Kapitalis Inspirasi Nusantara:
1,850 shares or (>5%)
Board of Directors
Lani Darmawan President 1,156,601 (<5%) 496,892 (<5%) PT CIMB Niaga Auto Finance -
Director (CNAF): 22,000 shares (<5%)
Lee Kai Kwong Director 465,700 (<5%) 70,397 (<5%) - -
John Simon Director 747,501 (<5%) 628,561 (<5%) CNAF: 22,000 shares (<5%) -
Fransiska Oei Director 774,401 (<5%) 458,564 (<5%) • PT Bank Danamon Indonesia PT PP London Sumatera Tbk:
Tbk: 450,000 shares (<5%) 175,000 shares (<5%)
• CNAF: 22,000 shares (<5%)
Pandji P. Director 594,751 (<5%) 335,202 (<5%) - -
Djajanegara
Tjioe Mei Tjuen Director 163,300 (<5%) 11,833 (<5%) CNAF: 22,000 shares (<5%) -
Henky Sulistyo Director 51,600 (<5%) 89,102 (<5%) • PT Allo Bank Indonesia Tbk: • PT HM Sampoerna Tbk: 42,000
5,000 shares (<5%) shares (<5%)
• BPD Jabar dan Banten: 40,600 • PT Multi Bintang Indonesia:
shares (<5%) 1,000 shares (<5%)
• PT GoTo Gojek Tokopedia Tbk:
300,000 shares (<5%)
• PT Garuda Indonesia (Persero)
Tbk: 200,000 shares (<5%)
Joni Raini Director 128,801 (<5%) 55,124 (<5%) CNAF: 22,000 shares (<5%) -
Rusly Johannes Director 635,501 (<5%) 287,881 (<5%) CNAF: 22,000 shares (<5%) -
Noviady Wahyudi Director - 93,700 (<5%) CNAF: 10,000 shares (<5%) -
*)
Appointed as Independent Commissioner at the AGMS dated 10 April 2023 and effective as of 25 January 2024
#
Share ownership is the realization of remuneration rights received while serving as Director
All members of the Board of Commissioners and Board of Directors do not have indirect share ownership on Bank’s
shares.
SHARE PURCHASE/SALE TRANSACTIONS OF THE BOARD OF COMMISSIONERS AND THE BOARD
DIRECTORS
Each member of the Board of Commissioners and Board of Directors is required to submit information to the Bank
regarding ownership and any change in ownership of the Bank shares no later than 3 (three) working days after
exercising the transactions, in accordance with OJK Regulation (POJK) No. 11/POJK.04/2017 on Reports of Ownership or
Any Changes in Ownership of Public Company Shares. Subsequently, the Bank must submit a report to the OJK on the
transactions no later than 10 (ten) days after the transaction date. Besides referring to the POJK, the Bank has internal
provision as stipulated in the Conflict Management Policy that requires each member of the Board of Commissioners
and/or Board of Directors to notify the purchase or sale of CIMB Niaga shares that they own at least 2 (two) working days
prior to the transactions and to report the transactions within 2 (two) working days after exercising the transactions. As
of 31 December 2023, there had been no effective purchases or sales of CIMB Niaga shares by members of the Board
of Commissioners and Board of Directors. The increase in the number of shares owned by the effective members of
the Board of Directors and Board of Commissioners is a result of the company’s share ownership program (MESOP).
114 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Number Number
of Shares Number of of Shares
Type of Transaction
Name Position as of 31 Purchase/ Share Price as of 31 Reporting
Transaction Date
December Sales December
2022 2023
Didi Syafruddin Yahya President - - - - - - -
Commissioner
Glenn M.S. Yusuf Vice President - - - - - - -
Commissioner
(Independent)
Jeffrey Kairupan Independent - - - - - - -
Commissioner
Sri Widowati Independent - - - - - - -
Commissioner
Dato’ Abdul Rahman Commissioner - - - - - - -
Ahmad
Vera Handajani Commissioner - 814,901# - - 1,009,401 - -
Lani Darmawan President - 776,401 - - 1,156,601 - -
Director
Lee Kai Kwong Director - 224,600 - - 465,700 - -
John Simon Director - 508,201 - - 747,501 - -
Fransiska Oei Director - 544,501 - - 774,401 - -
Pandji P. Djajanegara Director - 411,426 - - 594,426 - -
Tjioe Mei Tjuen Director - 25,500 - - 163,300 - -
Henky Sulistyo Director - -- - - 51,600 - -
Joni Raini Director - 45,001## - - 128,801 - -
Rusly Johannes Director - 451,101 - - 635,501 - -
Noviady Wahyudi Director - - - - - - -
#)
Share ownership is the realization of remuneration rights received while serving as Director
##)
The number of shares includes 1 share of MESOP and share purchase transactions of 10,000 shares were carried out before effective as act as Director.
CIMB NIAGA SHARE OWNERSHIP BY SENIOR EXECUTIVES
Officials one level below the Board of Directors own shares in the Bank, either through the management/employee stock
option program (MESOP), Material Risk Taker (MRT), or stock market purchases. Details of CIMB Niaga’s shareholding
by senior executives as of 31 December 2023, have been uploaded to the Bank’s website and can be found at:
https://investor.cimbniaga.co.id/gcg/shareholdings_seo.html.
DEVELOPMENT OF CAPITAL STRUCTURE AND NUMBER OF SHARES OUTSTANDING IN THE LAST 5 (FIVE)
YEARS
In the period from 2019 to 2023, CIMB Niaga did not issue new shares, so the capital composition for the position of 31
December 2023 did not change, as follows:
Description Number of Shares (units) Nominal (in Rupiah)
Authorized Capital 50,886,460,336 2,900,000,000,000
Class A Nominal Rp5,000 71,853,936 359,269,680,000
Class B Nominal Rp50 50,814,606,400 2,540,730,320,000
2023 25,131,606,843 1,612,257,325,350
Class A Nominal Rp5,000 71,853,936 359,269,680,000
Class B Nominal Rp50 25,059,752,907 1,252,987,645,350
Shares have not been Issued/Paid-up 25,754,853,493 1,287,742,674,650
Class A Nominal Rp5,000 - -
Class B Nominal Rp50 25,754,853,493 1,287,742,674,650
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Chronology of Issuance and/or
Listing of Shares
On 29 November 1989, CIMB Niaga listed its initial shares on the Indonesia Stock Exchange (formerly the Surabaya
Stock Exchange) through an initial public offering of 5,000,000 shares of the Bank to the public at a nominal value of
Rp1,000 per share and an offering price of Rp12,500. Since 2011 to the end of 2023, CIMB Niaga did not issue or list
shares. The following is a timeline of the listing and issuance of CIMB Niaga shares until the end of the fiscal year:
Number of New
Stock Exchange Total of Paid-Up
Year Corporate Action Shares and Shares Number of Shares
Listing Date Capital (in Rupiah)
Offering Price
1989 Initial Public Offering (IPO) 5,000,000 29-11-1989 5,000,000 5,000,000,000
1991 Share Dividends 1,170,953 19-02-1991 6,170,953 6,170,953,000
1992 Limited Public Offering with Pre-emptive 5,252,500 23-12-1992 11,423,453 11,423,453,000
Rights (LPO I)
1993 Company Listing 46,353,964 01-03-1993 57,777,417 57,777,417,000
1995 Bonus shares from agio 57,777,417 26-12-1995 115,554,834 115,554,834,000
1996 Convertible bonds 42,020,000 15-02-1996 157,574,834 157,574,834,000
1996 Limited Public Offering with Pre-emptive 31,514,487 15-11-1996 189,089,321 189,089,321,000
Rights (LPO II)
1997 Nominal Value Splits Class A (@Rp500) 08-09-1997 378,178,642 189,089,321,000
(Rp1,000 to Rp500/share) 378,178,642
1997 Bonus shares from agio Class A (@Rp500) 16-09-1997 718,539,351 359,269,675,500
340,360,709
1999 Limited Public Offering with Pre-emptive Class B (@Rp5) 09-08-1999 Class A 359,269,675,500
Rights (LPO III) 71,135,395,749 718,539,351
Class B 355,676,978,745
71,135,395,749
2001 Limited Public Offering without Rights Issue Class B (@Rp5) 21-3-2001 Class A 359,269,675,500
(a total of 782,460,672 Class B shares not 6,392,132,084 718,539,351
listed) Class B 387,637,639,165
77,527,527,833
2004 Limited Public Offering without Pre-emptive Class A (@Rp500) 9 12-5-2004 Class A 359,269,675,500
Rights Class B (@Rp5) 7 718,539,360
Class B 387,637,639,200
77,527,527,840
2004 Combined nominal value 10 times (reverse Class A (@Rp5,000) 21-5-2004 Class A 359,269,680,000
stock) Class B (@Rp50) 71,853,936
Class B 387,637,639,200
7,752,752,784
2004 ESOP Implementation Class B (@Rp50) 20-8-2004 Class A 359,269,680,000
417,809,500 71,853,936
2005 Series 1 Warrants 691,538,316 31-8-2005 Class B 640,592,910,500
12,811,858,210
2008 Converting 3,915,733,039 shares of PT Bank Class B (@Rp50) 1-11-2008 Class A 359,269,680,000
Lippo Tbk in the context of merger 11,051,151,514 71,853,936
Class B 1,193,150,486,200
23,863,009,724
2010 Limited Public Offering with Pre-emptive Class B (@Rp50) 30-12-2010 Class A 359,269,680,000
Rights (LPO V) (a total of 11,967,431 Class B 1,196,743,183 71,853,936
shares were not listed) Class B 1,252,987,645,350
25,059,752,907
As of 31 December 2023, the number of CIMB Niaga shares that have been issued is as follows:
Type of Share Total Stock Exchange
The number of Class A shares* listed 71,853,936 Indonesia Stock Exchange
The number of Class B shares** listed 24,808,436,839 Indonesia Stock Exchange
The number of Class B shares** not listed (1%) 251,316,068 Not listed
*)
Class A Shares @Rp5,000 per share
**)
Class B Shares @Rp50 per share
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Chronology of Other Securities Listings
In terms of chronology of listing of other securities, CIMB Niaga has issued several Rupiah bonds and Sukuk to strengthen
its capital structure and support business expansion. The bonds and Sukuk include Subordinated Bonds I, II, and III Bank
CIMB Niaga, Shelf Registration Bonds I, II, and III Bank CIMB Niaga, and Shelf Registration Sukuk Mudharabah I Bank
CIMB Niaga. All securities issued by CIMB Niaga and outstanding securities are listed on the Indonesia Stock Exchange.
OUTSTANDING BONDS AND SUKUK
As of 31 December 2023, bonds and sukuk that were not yet due amounted to Rp1,459,000,000,000 (one thousand four
hundred and fifty-nine billion Rupiah) with a tenor of 5 (five) and 7 (seven) years, which were issued in stages from 2018
to 2020. Throughout 2023, CIMB Niaga did not issue new Bonds/Sukuk. CIMB Niaga bonds and sukuk that still need to
be paid off have been presented in the discussion of the Financial and Operational Data Highlight chapter as stated in
the Bond, Sukuk or Convertible Bond Highlights Sub-Chapter in this Annual Report.
MATURED AND SETTLED BONDS IN THE LAST 2 (TWO) YEARS
The list of CIMB Niaga bonds and sukuk that have matured and settled in the last 2 (two) years has been presented in
the Bond, Sukuk or Convertible Bond Highlights as stated in the Financial and Operational Data Highlight Chapter of
this Annual Report.
CIMB NIAGA NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD) ISSUANCES
During 2023, CIMB Niaga did not issue new Negotiable Certificates of Deposit (NCD). Information on settled NCD is as
follows:
Nominal
Issuance Maturity Tenor
Description Coupon Currency (in billion Status
Date Date (Month)
Rupiah)
NCD I CIMB Niaga 2015 Series A 15 Des 15 15 Jun 16 6 9,00% Rupiah 760 Paid
NCD I CIMB Niaga 2015 Series B 15 Des 15 15 Des 16 12 9,10% Rupiah 170 Paid
NCD II CIMB Niaga 2016 Series A 16 Jun 16 16 Sep 16 3 6,95% Rupiah 60 Paid
NCD II CIMB Niaga 2016 Series B 16 Jun 16 13 Jan 17 7 7,60% Rupiah 230 Paid
NCD II CIMB Niaga 2016 Series C 16 Jun 16 16 Mar 17 9 7,80% Rupiah 910 Paid
NCD III CIMB Niaga 2017 Series A 18 May 17 17 Nov 17 6 7,20% Rupiah 576 Paid
NCD III CIMB Niaga 2017 Series B 18 May 17 15 Feb 18 9 7,35% Rupiah 214 Paid
NCD III CIMB Niaga 2017 Series C 18 May 17 18 May 18 12 7,45% Rupiah 710 Paid
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Corporate Group Structure
Khazanah Employee
Nasional Berhad Provident Fund Public
23.0% 12.3% 11.1% 6.0% 46.1%
CIMB Group Holdings Berhad*
100%
Public
CIMB Group Sdn Bhd
92.50%**
7.50%
83.28% 97.32%
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
*)
The Ultimate Beneficial Owner of CIMB Niaga is Datin Rossaya binti Mohd Nashir
**)
Including PT Commerce Kapital 1.02%
The composition of CIMB Niaga’s shareholders up to the financial year ending 31 December 2023 is as follows:
Number of Shares Nominal Amount (in
Name of Shareholder %
(units) Rupiah)
CIMB Group Sdn Bhd 22,991,336,581 1,149,566,829,050 91.48
PT Commerce Kapital 255,399,748 12,769,987,400 1.02
Other Public Shareholder <5%* 1,884,870,514 449,920,508,900 7.50
Total Paid-up Capital 25,131,606,843 1,612,257,325,350 100.00
*) Including Treasury Stocks and Shares of Members of the Bank’s Board of Commissioners & Board of Directors
ULTIMATE SHAREHOLDERS AND CONTROLLING SHAREHOLDERS
Based on the table above, CIMB Group Holding Berhad (“CIMB Group”), which controls 91.48% of the Bank’s shares, is
the Ultimate Shareholder and the Controlling Shareholder of CIMB Niaga.
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CIMB GROUP PROFILE
CIMB Group Holdings Berhad is a leading focused ASEAN bank and one of the region’s leading corporate advisors. It
is also the world leader in Islamic finance. CIMB Group, headquartered in Kuala Lumpur, Malaysia, provides consumer
banking, commercial banking, wholesale banking, Islamic banking, wealth management and digital payment products
and services. It is the fifth largest banking group by assets in ASEAN, with over 33,000 employees and around 25 million
customers at the end of 2023.
Since 1987, CIMB Group Holdings Berhad has been listed on the Main Market of Bursa Malaysia and has a market
capitalisation of RM62.4 billion as of 31 December 2023. At the end of 2023, total assets owned were RM733.6 billion,
with registered shareholder equity of RM68.3 billion and total Sharia assets of RM205.7 billion. At the end of 2023, the
largest shareholders are (i) Khazanah Nasional Berhad with 23.0%, (ii) Employees Provident Fund with 12.3%, and (iii)
Permodalan Nasional Berhad with 11.1%, Kumpulan Wang Persaraan (Diperbadankan) with 6.0%.
VISI
To be the leading focused ASEAN bank.
PURPOSE
To Build a high-performing sustainable organisation to help advance customers and society.
MANAGEMENT
Name Position
Datuk Mohd Nasir Ahmad Chairperson/Independent Director
Dato’ Abdul Rahman Ahmad Group Chief Executive Officer/Executive Director
Dato’ Mohamed Ross Mohd Din Independent Director
Dato’ Lee Kok Kwan Non-Independent Director
Afzal Abdul Rahim Senior Independent Director
Didi Syafruddin Yahya Independent Director
Shulamite Khoo Independent Director
Ho Yuet Mee Independent Director
Datin Azlina Mahmad Independent Director
Datin Rossaya Mohd Nashir Group Company Secretary
CIMB GROUP HOLDINGS BERHAD
Level 13, Menara CIMB
Jalan Stesen Sentral 2, Kuala Lumpur Sentral
50470 Kuala Lumpur, Malaysia
Phone : 603 2261 8888
Fax. : 603 2261 0099
Website : www.cimb.com
Investor Relation : ir@cimb.com
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Subsidiaries, Associated, and Joint Venture
Companies
SUBSIDIARIES
Total Asset
Line of Date of Status 2023 (in
Name Address Shareholding
Business Establishement Operasi million
Rupiah)
PT CIMB Niaga Auto Jl. Bintaro Utama 9 Blok B9/I No. 15, Financing 83.28% 10 Active 8,505*)
Finance Kel. Pondok Pucung, Kec. Pondok Aren, Company December
Kota Tangerang Selatan 15229 1981
Call Center : 0804 1 090909
E-mail : info@cnaf.co.id
Website : www.cnaf.co.id
PT CIMB Niaga Graha CIMB Niaga Lt. 25 Securities 97.32% 12 March Active 571
Sekuritas Jl. Jend. Sudirman Kav. 58, Jakarta 12190 Company 2018
Phone : +62 21 5084 7847 (Underwriter)
Fax. : +62 21 5084 7849
E-mail : corsec@cimbniaga-ibk.co.id
*)
The aforementioned data is unaudited until the finalization process of this Annual Report.
Total Asset
Operational Ownership 2023 (in
Name Address Line of Business
Status Portion million
Rupiah)
Bank Muamalat Indonesia Muamalat Tower, Lt. 18 Jl. Prof. Dr. Satrio, Active 0.13% Sharia Banking 61,363**)
Kav. 18 Jakarta 12940
Sarana Aceh Ventura Jl. Tgk. Syech Muda Wali No. 39 Banda Active 1.32% Venture Capital 11,105
Aceh 23242
Sarana Bali Ventura Jl. Diponegoro No. 150 Komplek IDT/Ruko Active 3.81% Venture Capital 30,393
Genteng Biru Blok B 23-24 Denpasar - Bali
Bhakti Sarana - Inactive 2.71% Venture Capital -
Sarana Jambi Ventura Jl. Kapten Pattimura No. 119 Jambi 36129 Active 2.24% Venture Capital 203
Sarana Jateng Ventura Jl. Taman Sompok No. 18 Semarang 50249 Active 2.62% Venture Capital 53,157
Sarana Jatim Ventura Jl. Jemur Andayani No. 33 Surabaya 60237 Active 5.81% Venture Capital 68,368
Sarana Kalbar Ventura Jl. M. Sohor No. 9 AB Pontianak 78121 Active 2.45% Venture Capital 35,375*)
PT Sarana Kalsel Ventura Jl. Pramuka No. 4 Banjarmasin Active 1.04% Venture Capital 62,800
Sarana Lampung Ventura Jl. Diponegoro No. 69A Gulak Galik, Active 2.52% Venture Capital 39,083
Bandar Lampung 35214
Sarana Maluku Ventura Jl. Jend. Sudirman, Hative Kecil Inactive 2.73% Venture Capital 824
Komplek Pondok Permai, Sirimau, Ambon
Sarana Papua Ventura Jl. Abe Tasangkapura No. 58 Jayapura, Active 5.63% Venture Capital 330
Papua 99223
Sarana Riau Ventura Komp. Perkantoran Grand Sudirman Active 1.35% Venture Capital 11,567
Blok A-3 Jl. Datuk Setia Maharaja (d/h
Parit Indah), Pekanbaru-Riau
Sarana Sulsel Ventura Jl. Faisal Raya, No. 14 Makassar Active 2.89% Venture Capital 47,561
Sarana Sulut Ventura Kompleks Pasar Segar blok RC-17 Active 2.85% Venture Capital 9,482
Paal Dua Jl. Yos Sudarso Manado
Sarana Sumatera Barat Gedung Rangkiang Ventura Jl. Khatib Active 3.37% Venture Capital 956
Ventura Sulaiman No. 9 Kav. 5 s/d 7 Padang,
Sumatera Barat
Sarana Surakarta Ventura Jl. M. Saleh Werdisastro No. 1 Surakarta Active 1.85% Venture Capital 40,753
57133
Sarana Yogya Ventura Jl. Yos Sudarso 25 Kotabaru Yogyakarta Active 3.89% Venture Capital 44,043
55224
Other (< 100,000 Shares) - Active 0.05%-1.52% Financing Institution -
According to Audited
Financial Report
*)
Data has not been audited until the finalization of this Annual Report.
**)
Data based on Audited Financial Statements as of 31 December 2022
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company acted as the recipient of the merger after
ASSOCIATED ENTITIES, JOINT VENTURE, AND
obtaining prior approval from the Financial Services
SPECIAL PURPOSE VEHICLE (SPV)
Authority (OJK) on 19 November 2015. This corporate
action was then ratified by the Company’s Extraordinary
Until the end of 2023, CIMB Niaga does not have any
GMS on 23 December 2015 and became effective as of 1
Associates, Joint Venture, and Special Purpose Vehicle
January 2016.
(SPV).
Rapid growth from year to year have further established
PROFIL ENTITAS ANAK
the Company as one of the leading financing companies
in Indonesia. By promoting a fast and simple value
proposition as well as becoming a competitive and
healthy growing company in the financing industry, the
Company carried out a logo change transformation
in 2020, to “CIMB Niaga Finance” to further strengthen
its positioning as a subsidiary that continues to have
NAME: synergy with its parent company, namely PT Bank CIMB
PT CIMB Niaga Auto Finance Niaga Tbk. This logo transformation also sharpens the
public’s paradigm for the Company, namely focusing on
LEGAL BASIS OF ESTABLISHMENT: the financing of four-wheeled vehicles and its expanding
Deed No. 48 dated 10 December 1981, which was financing segments, such as multipurpose financing.
amended by Deed No. 80 dated 16 February 1982, and
Deed No. 50 dated 27 October 1982, all of which were In line with digital technology development, the
made before Frederik Alexander Tumbuan, S.H. Notary Company launched the CNAF Mobile application as
in Jakarta, under the name PT Saseka Gelora Leasing. one of the implementations of the transformation
that is being carried out. This application is available
VISION: to facilitate prospective debtors to apply for financing
To be the most profitable multifinance company in via smartphone with easy requirements, monitor the
Indonesia. status of application submissions in real time, and
obtain product and financing program information.
MISSION: This application also provides maximum protection for
Committed to becoming a leading Vehicle Financing customers.
Company that provides the best value for all stakeholders
by providing excellent customer service, strong and In terms of organization and business model, the
mutually beneficial partnerships, high-quality human Company continues to develop in a gradual manner to
resources, and societal contributions. achieve its vision and realize its commitment to achieve
sound and sustainable business growth. Since 2021,
PT CIMB NIAGA AUTO FINANCE PROFILE the Company has continued to consistently accelerate
PT CIMB Niaga Auto Finance (Company or “CNAF”) was digitalization through various digital innovations.
previously known as PT Saseka Gelora Leasing, it was
established on 10 December 1981 based on Company In 2022, the Company implemented a strategy to continue
Establishment Deed No. 48 and amended by Deed No. 80 to increase financing distribution by taking advantage of
on 16 February 1982 and Deed no. 50 on 27 October 1982. economic recovery and the automotive industry, which
In 1996, PT Bank CIMB Niaga Tbk (formerly PT Bank Niaga is starting to recover from the COVID-19 pandemic. As a
Tbk) acquired the Company through a share investment result, the Company is increasingly known as one of the
of 79.65% and became the majority shareholder. In 2007, leading financing companies in Indonesia which offers
PT Bank CIMB Niaga Tbk (“CIMB Niaga”) increased its convenience in owning new and used cars of various
share ownership to 95.91%. brands, as well as multi-purpose and Hajj financing,
with easy terms, adjusted tenors, through a secure
On 26 August 2010, the Company carried out a re- service network in 34 branches in Indonesia . CIMB Niaga
branding, which was marked by a business transformation Finance also has two financing systems that customers
from leasing to consumer financing, particularly for can choose from (conventional and sharia).
motor vehicles. This transformation also emphasizes its
existence as a subsidiary of PT Bank CIMB Niaga Tbk. In 2023, the company continued its positive trend by
maintaining uniform growth in each segment. In line with
In mid-2015, the Company merged with another CIMB CNAF’s strategy of prioritizing the distribution of Sharia
Niaga subsidiary, namely PT Kencana Internusa Artha financing as well as diversifying Sharia funding, the
Finance (“KITAF”) with the consideration that both company issued a Public Offering of Sukuk Wakalah Bi
companies are engaging in the same industry. The Al-Istitsmar I CIMB Niaga Auto Finance Year 2023 with a
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maximum Investment Capital of Rp1 trillion. The company VISI:
also implements a sustainability strategy to support the To be a leading ASEAN company and a major player in
growth of environmentally friendly vehicles by providing the underwriting and financial advisory markets in the
attractive interest rates. Through a service network in Indonesian capital market.
Indonesia, CIMB Niaga Finance will continuously be
present by providing various products and services that MISSION:
are tailored to the customer life cycle as well as providing Consistently providing the best capital market products
a profitable experience for all its customers. and services in increasing the quality of customer value
through the development of innovative capital market
Currently, CNAF has 34 branches spread throughout products aimed at attracting investors, leveraging CIMB
Indonesia with a total of 824 employees. Group’s large and experienced network.
BOARD OF COMMISSIONERS PT CIMB NIAGA SEKURITAS PROFILE
President Commissioner : Lani Darmawan CIMB Group Holdings Berhad “CIMBGH“ announced in
Commissioner : Koei Hwei Lien mid-2017 that a wholly owned subsidiary of CIMBGH had
Commissioner : Cheong Chee Wai entered into a share purchase and sale agreement with
Independent Commissioner : Serena Karlita Ferdinandus China Galaxy International Financial Holdings Limited
Independent Commissioner : Hidayat Dardjat (“CGIFHL“). CIMBGH and CGIFHL then developed a
Prawiradilaga strategic partnership for CIMBGH‘s securities brokerage
business unit.
BOARD OF DIRECTORS
President Director : Ristiawan Based on this agreement, CIMBGH‘s Investment
Director : Danis V. Bimawan* Banking business unit is regionally separated from the
Director : Kurniawan Kartawinata scope of strategic partnerships. In this regard, CIMBGH
Director : Antonius Herdaru Danurdoro reorganized all Investment Banking business units across
Director : M. Imron Rosyadi Nur all its business areas, including those in Indonesia.
*) term of office 29 August 2019 – 9 September 2023 In Indonesia, the Investment Banking business unit
is sheltered by a new entity, namely PT CIMB Niaga
Sekuritas, whose legal entity was established in 2018 and
whose majority shareholder, PT Bank CIMB Niaga Tbk,
owns 97.32% of the company‘s shares.
PT CIMB Niaga Sekuritas, a business unit that oversees
Investment Banking activities, focuses on providing
NAME: securities underwriting services with a business license
PT CIMB Niaga Sekuritas issued by the Financial Services Authority (OJK) No. KEP-
11/D.04/2019, a financial advisor with a business license
LEGAL BASIS OF ESTABLISHMENT: issued by OJK No. S-618/PM.21/2019, arranger of Medium
Deed No. 26 made before Ashoya Ratam, S.H., M.Kn., Term Notes (MTN) and Negotiable Certificate of Deposit
Notary domiciled in the Administrative City of South (NCD) with a business license issued by OJK No. S-1118/
Jakarta, which has been ratified based on the Decree of PM.21/2019, as well as an arranger for Commercial Paper
the Minister of Law and Human Rights of the Republic SBK) with a business license issued by OJK No. S-1481/
of Indonesia No. AHU-0021378.AH.01.01. 2018 dated 20 PM.21/2019 and Bank Indonesia No. 22/17/DPPK/Srt/B.
April 2018 and has been announced in the State Gazette of
the Republic of Indonesia No. 14173 of 2018, Supplement BOARD OF COMMISSIONERS
to the State Gazette of the Republic of Indonesia No. 69 President Commissioner : Rusly Johannes
dated 28 August 2018. Commissioner : Nor Masliza Binti Sulaiman
Independent Commissioner : A. Pandu Djajanto
BOARD OF DIRECTORS
President Director : Harry Maryanto Supoyo
Director : Yuga Nugraha
Director : Martin Batara Simorangkir
Director : I Wayan Gemuh Kertaraharja
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List of Business Partnerships
During 2023, CIMB Niaga established cooperation with • Cooperation with channeling invoice financing
various business partners with the objective to further scheme with fintech lenders such as Batumbu
increasing business growth and creating more value 3. Debit Cards and Savings
for customers. The collaboration carried out by the • Full network and card partnership with
Bank aims to increase competitiveness and efficiency Mastercard, including custom card designs for
in achieving the targets that have been set in the Bank’s select community partners
Business Plan. The following are the forms of cooperation • Partnerships with leading merchants in grocery,
carried out by the Bank in all product and service lines: lifestyle, cafes and restaurants and e-commerce
1. Wealth Management dan Insurance players.
• Bancassurance product partnerships with 4. Mortgages and Auto Loans
Sunlife and AIA for life insurance, Sompo for • Collaboration with well-known developers by
general insurance as well as several other life providing many attractive housing options
and general insurance companies for the loan ranging from Sinarmas Land, Ciputra, Jayaland,
protection insurance. Summarecon, Paramount Land, Alam Sutera,
• Collaborate with leading global and top tier local Pakuwon Group, and many others
fund managers in distributing mutual funds • Cooperation in the distribution of consumer
based on customer risk profile and investment loans to expand the auto portfolio through
objectives. Joint Financing schemes, both with subsidiaries
2. Credit Cards, Personal Loans, and Emerging Business through PT CIMB Niaga Auto Finance (CNAF)
Banking (EBB) and also with several other finance companies,
• Full network and card partnerships with both under the Corporate Group and private
Mastercard, VISA and JCB principles, including companies, among others, with Astra Group
Mastercard World and Platinum co-branding through Astra Sedaya Finance (ASF) and Federal
with ALL (Accor Live Limitless). International Finance (FIF), Indomobil Group
• Partnerships with leading merchants, through Indomobil Finance (IMFI), Bussan Auto
particularly in groceries, cafes and restaurants, Finance (BAF)and several other selected Multi
travel, and e-commerce/marketplace players. Finance.
• Cooperation with channeling personal loans 5. Other forms of partnerships made by the Bank
scheme with fintech lenders such as Kredivo, in order to expand the business and improve the
and SPinjam. Bank’s performance in a sustainable manner.
Public Accountant and Public Accounting Firm
PUBLIC ACCOUNTING FIRM
Tanudiredja, Wibisana, Rintis & Rekan (Member firm of PricewaterhouseCoopers (PwC) Global Network)
WTC 3 Jl. Jend. Sudirman Kav. 29-31
Jakarta 12920 – Indonesia
Phone : +62 21 5099 2901, +62 21 3119 2901
Fax. : +62 21 5290 5555, +62 21 5290 5050
Website : www.pwc.com/id
Registered Certificate Number : STTD.KAP-04/PM.22/2018
PUBLIC ACCOUNTANT
Name : Jimmy Pangestu
AP Registration Number from the Ministry of Finance : Ap.1124
Registered Certificate Number : - OJK Banking Supervision: STTD.AP-393/PB.122/2018
- OJK Sharia Banking: STTD.APS-26/PB.122/2021
- OJK Capital Market: STTD.AP-581/PM.2/2018
Year of Assignment : 2023
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PERIODIC SERVICES OF CAPITAL MARKET SUPPORTING PROFESSIONS IN 2023
Fees in Million Rupiah Assignment
Public Accounting Firm Public Accountant Services
(Excluding Tax) Period
Public Accountant Firm Tanudiredja, Jimmy Pangestu Auditing the The total annual audit fee Financial year
Wibisana, Rintis & Partners (Member Consolidated Financial for 2023 is Rp11 billion 2023
firm of PricewaterhouseCoopers (PwC) Statements for the
global network) financial year 2023
In 2023, there were non audit service provided by Public Accountant Firm Tanudiredja, Wibisana, Rintis & Partners with
total cost RM126,000 and Rp677,100,000.
Capital Market Supporting Institutions and
Professions
SECURITIES ADMINISTRATION BUREAU NOTARY
PT Bima Registra Kantor Notaris Ashoya Ratam, S.H., M.Kn
Satrio Tower, 9th Floor A2 Public Notary and Land Titles Registrar for South Jakarta
Jl. Prof. Dr. Satrio Blok C4 Kuningan Setiabudi Jakarta Administrative City
12950-Indonesia Jl. Suryo No. 54 Kebayoran Baru Jakarta 12180 – Indonesia
Phone : +62 21 2598 4818 Phone : +62 21 2923 6060
Website : www.bimaregistra.co.id Fax. : +62 21 2923 6070
E-mail : notaris@ashoyaratam.com
CUSTODIAN
PT Kustodian Sentral Efek Indonesia RATING AGENCY
Gedung Bursa Efek Indonesia, Tower I, 5th Floor PT Pemeringkat Efek Indonesia (PEFINDO)
Jl. Jendral Sudirman Kav. 52-53 Jakarta 12190-Indonesia Equity Tower 30th Floor
Phone : +62 21 515 2855 Sudirman Central Business District, Lot. 9
Fax. : +62 21 5299 1199 Jl. Jend. Sudirman Kav. 52-53
Website : www.ksei.co.id Phone : +62 21 509 68469
Fax. : +62 21 509 68468
TRUSTEE Website : www.pefindo.com
PT Bank Permata Tbk
World Trade Center Building II, 21st - 30th Floor
Jl. Jend. Sudirman Kav. 29-31
Jakarta 12920-Indonesia
Phone : +62 21 772 89928
Fax. : +62 21 772 89928
Website : www.permatabank.com
Access to Bank Data and Information
CORPORATE SECRETARY HUBUNGAN INVESTOR
Graha CIMB Niaga, 11th Floor Graha CIMB Niaga, 11th Floor
Jl. Jend. Sudirman Kav. 58 Jakarta 12190-Indonesia Jl. Jend. Sudirman Kav. 58 Jakarta 12190 – Indonesia
Phone : +62 21 250 5252, 250 5353 Phone : +62 21 250 5252, 250 5353
Fax. : +62 21 252 6749 E-mail : investor.relations@cimbniaga.co.id
E-mail : corporate.secretary@cimbniaga.co.id
124 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Website Information
In order to comply with Law No. 8 of 1995 on Capital CIMB Niaga also completes and updates the website
Markets and improve the implementation of Good regularly in line with POJK No. 8/POJK.4/2015 with various
Corporate Governance, especially for shareholders, important information, including:
customers, society, government and other stakeholders,
CIMB Niaga operates the Bank’s main website, namely 1. Home
www.cimbniaga.co.id, which was created and managed Contains various information on Bank products
based on OJK regulation No. 8/POJK.04/2015 on Website & services to customers including Digital Banking
of Issuers or Public Companies. The Bank’s website can services and CIMB Niaga promo programs, which
be accessed in Indonesian and English. are presented on the main website, www.cimbniaga.
co.id. The homepage also presents information on
CIMB Niaga’s main website has met the information the latest offers, foreign exchange rates, news &
that must be posted in accordance with Article 6 of the information, as well as the latest announcements. In
Financial Services Authority Regulation (POJK) No. 8/ addition, the Careers and About Us menu bars can
POJK.4/2015 on Website of Issuers or Public Companies, be accessed directly from the Homepage.
where Issuers or Public Companies are required to
submit the following information: 2. About Us
1. Public Information of Issuers or Public Companies; This menu bar contains general information options
2. Information for Investors; regarding Investor Relations, Corporate Governance,
3. Corporate Governance Information; and and CIMB Niaga Cares, which can be directly
4. Corporate Social Responsibility Information. accessed through the integration microsite (investor.
cimbniaga.co.id). This page also contains information
The Bank’s website also provides other specific about the Bank’s history, milestones, activities, and
information: business licenses.
1. Shareholder information up to the ultimate individual
shareholder 3. Products and Services
2. Content of Employee Code of Ethics & Conduct This menu bar provides a variety of Bank products
3. Information on the General Meeting of Shareholders and services which include Savings, Credit Cards,
(GMS) includes the agenda items discussed in the Mortgages, KTA, Mutual Funds, Bancassurance,
GMS, summary of the minutes of the GMS, and Endowments, and Treasury.
important date information, namely the date of the
announcement of the GMS, the date of the invitation 4. Investor Relations
to the GMS, the date of the GMS, the date of the This menu bar contains options for Financial
summary of the minutes of the GMS announced Information, Dividend Information, Stock/Bond
4. Separate annual Financial Statements (the last 5 Information, News & Events and Information
years) and the latest quarterly Financial Report Requests which can be accessed through the
5. Annual Report & Sustainability Report integration of the microsite (investor.cimbniaga.
6. Profiles of the Board of Commissioners and the co.id). Several important reports, such as: Annual
Board of Directors (incl information regarding the Report, Sustainability Report, Consolidated Financial
profile of the Sharia Supervisory Board, Committees, Report, Quarterly Financial Report, Monthly Financial
Corporate Secretary and Senior Executives) Report, and other related information, can be
7. Charter of the Board of Commissioners, Board of accessed in the Financial Information menu option.
Directors, Committees and Internal Audit Unit
8. Corporate Governance Policy 5. Corporate Governance
9. Briefing materials for analysts and the media This GCG homepage contains detailed information
10. Achievements and prospects of the Bank regarding CIMB Niaga’s Corporate Governance
11. The Bank’s Shares with menu bar options About Us, Management,
12. Publication of financial performance and financial GMS, GCG Structure, GCG Report, ASEAN Corporate
position Governance Scorecard, Disclosure, and Other
13. Information on Bank Products and Services Information, which can be accessed via the integrated
14. Awards and Certifications microsite (investor.cimbniaga.co.id). Through this
PT Bank CIMB Niaga Tbk | 2023 Annual Report 125
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Highlight Report Profile Discussion & Analysis Management
GCG homepage, the public can find information on f. ASEAN Corporate Governance Scorecard (ACGS):
the GCG practices that have been carried out by CIMB Niaga ACGS Assessment
CIMB Niaga, as below: g. Disclosure: Investor News and CIMB Niaga Press
a. About Us: CIMB Niaga at a Glance; Vision and Release.
Mission of the Bank; Shareholding Structure h. Other Information: Capital Market Supporting
and Organizational Structure; Company Group Institutions and AML-CFT.
Structure; Affiliated Company; Rating; Award;
Sharia Business Unit and Contact Us (name, 6. CIMB Niaga Cares (CSR)
address, contact number, and e-mail, as well as Contains information about the practices of the
the website of the head office. 4 (four) pillars of Corporate Social Responsibility
b. Management: Management Team Profile; (CSR) that have been carried out by CIMB Niaga,
Other Information related to the Bank’s Board namely Education, Community Development and
of Commissioners & Board of Directors; Report Empowerment, Environment and Philanthropy,
and Charter of the Sharia Supervisory Board as well as Sharia Business Unit Virtue Funds and
(DPS); Information regarding the Corporate Contact Us CSR.
Secretary and the Bank’s Internal Audit; Share
Transactions by Management; and Declaration 7. Sustainability
of Integrity Pact, Code of Ethics & Anti-Corruption Contains information regarding the performance
Commitmen. and implementation of CIMB Niaga’s sustainability
c. General Meeting of Shareholders (GMS): Annual based on 5 (five) focus pillars, namely Sustainable
GMS and Extraordinary GMS of the Bank. Action, Sustainable Business, Corporate Social and
d. GCG Structure: Board of Commissioners Environmental Responsibility, Governance and Risk,
Committees; Board of Directors Committee; as well as Stakeholder Engagement and Advocacy.
Performance Evaluation Committee; Corporate
Governance Policy and Charter; GCG &
Sustainability Unit
e. GCG Report: Corporate Governance
Implementation Report; Sustainability
Report; Results of GCG Self-Assessment and
Implementation of Public Company Governance
Guidelines.
126 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Education and/or Training of
The Board of Commissioners, Board
of Directors, Committees, Corporate
Secretary, and Internal Audit Unit
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Board of Commissioners
Didi Syafruddin President Can America Stop China’s Rise? Will ASEAN be FIDE 12 January 2023
Yahya Commissioner Damaged? Kuala Lumpur
Global Pressures and Trend Cambridge Institute 11 January 2023
For Sustainable Online
Leadership (CISL)
A New Context for Business CISL 8 February 2023
Online
Risk in Digital World CIMB Niaga 21 March 2023
Online
Cybersecurity CIMB Niaga 31 March 2023
Online
CIMB-Cambridge Institute for Sustainability CIMB-CISL 1 June 2023
Leadership Programme (CISL) - Session 4 Online
Refresher to Board - Basel Framework & IRB CIMB Group 21 August 2023
model Online
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Assessment on Risk Management Practices - CIMB Group 18 September 2023
Lessons Learnt from the Silicon Valley (SVB) Kuala Lumpur
Course
Khazanah Megatrends Forum 2023 Khazanah Nasional 2-3 October 2023
Berhad Kuala Lumpur
Culture Review Workshop for GNRC and Joint CIMB Group 4 October 2023
BRCC. Kuala Lumpur
2023 Regional Directors’ Sharing Session CIMB Group 10-12 October 2023
Siem Reap,
Cambodia
2023 Indonesian International Conference for ICAEW Indonesia 8 November 2023
Sustainable Finance & Economy Kuala Lumpur
CIMB Niaga Digital Sharing: Reimagining Customer CIMB Niaga 30 November 2023
Engagement with Gen AI Graha CIMB Niaga
Jakarta
CIMB Niaga Senior Leader Conference: Customer CIMB Niaga 10-12 December
Centricity 2023
Yogyakarta
Glenn Muhammad Vice President Launch of CIMB-Cambridge Institute for CIMB-CISL 11 January 2023
Surya Yusuf Commissioner Sustainability Leadership Programme (CISL) Online
(Independent)
Basel Framework and IRB models CIMB Group 21 August 2023
Online
Joint Board Meeting on Risk Posture CIMB Group 24 August 2023
Online
The Cooler Earth Sustainability Summit 2023 CIMB Group 11 September 2023
Online
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with Gen AI Online
PT Bank CIMB Niaga Tbk | 2023 Annual Report 127
Page 126
Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Jeffrey Kairupan Commissioner Launch of CIMB-Cambridge Institute for CIMB-CISL 8 February 2023
Independent Sustainability Leadership Programme Session 2 Online
Joint Board for Group Sustainability CIMB Group 13 February 2023
Online
Invitation to the Annual Kick-Off Meeting of the Indonesia Risk 3 March 2023 Online
2023 Financial Services Sector Risk Management Management
Profession Professional
Association
CIMB-Cambridge Institute for Sustainability CIMB-CISL 1 June 2023
Leadership Online
Programme (CISL) - Session 4
The Future Role of Internal Audit in the Financial Internal Auditors 12-13 July 2023
Services Industry Association of Banks Banten
(IAIB)
Basel Framework and IRB models CIMB Group 21 August 2023
Online
Joint Board Meeting on Risk Posture CIMB Group 24 August 2023
Online
Staying Relevant IIA Indonesia 30-31 August 2023
Batam
The Cooler Earth Sustainability Summit 2023 CIMB Group 11 September 2023
Online
Khazanah Megatrends Forum 2023 Khazanah Nasional 2-3 October 2023
Berhad Kuala Lumpur
2023 Regional Directors’ Sharing Session CIMB Group 10-12 October 2023
Siem Reap,
Cambodia
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
CIMB Niaga Senior Leader Conference: Customer CIMB Niaga 10-12 December 2023
Centricity Yogyakarta
Sri Widowati Commissioner Launch of CIMB-Cambridge Institute for CIMB-CISL 11 January 2023
Independent Sustainability Leadership Programme (CISL) Online
Joint Board for Group Sustainability CIMB Group 13 February 2023
Online
(CIMB-Cambridge Institute for Sustainability CIMB -CISL 14 April 2023
Leadership Programme) - Session 3 : The end of Online
Business-as-Usual and evolving Board Duties
CIMB-Cambridge Institute for Sustainability CIMB-CISL 1 June 2023
Leadership Programme (CISL) - Session 4 Online
Promoting Good Governance: Understanding Anti- Wong & Partners 21 June 2023
Corruption Laws in Malaysia and Beyond Online
Joint Board Meeting on Risk Posture CIMB Group 24 August 2023
Online
Refresher - Basel Framework and IRB models CIMB Group 21 August 2023
Online
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with Gen AI Online
128 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Dato’ Abdul Commissioner CIMB-CISL Sustainability Leadership Programme CIMB-CISL 11 January 2023
Rahman Ahmad - Module 1 Online
CIMB-CISL Sustainability Leadership Programme CIMB-CISL 12 January 2023
- Module 3 Online
CIMB-CISL Sustainability Leadership Programme CIMB-CISL 23 February 2023
- Module 5 Online
CIMB-CISL Sustainability Leadership Programme CIMB-CISL 9 March 2023 Online
- Module 6
GEXCO Culture Reinforcement - Multiplier Leader BTS 16 February 2023
Programme Mandarin Oriental
Kuala Lumpur,
Malaysia
New Era for the World - Opportunities and Risks McKinsey & 20 February 2023
for Malaysia Company The Estate on
Federal Hill Kuala
Lumpur, Malaysia
KLBC-ASEAN BAC Indonesia Chairmanship KLBC 1 March 2023
Roundtable The St Regis Hotel
Kuala Lumpur,
Malaysia
Bank Negara Malaysia Annual Report 2022, Bank Negara 30 March 2023
Economic & Monetory Review 2022 Malaysia Malaysia
CISL - Earth on Board Sustainability Leadership CIMB-CISL 14 April 2023
Programme for The Board Directors of CIMB Online
Group - Session 3
CIMB Sustainability Academy : Launch of CIMB- CIMB-CISL 3 May 2023
Cambridge Institute for Sustainability Leadership Online
Programme (CISL) - Module 8
CISL - Earth on Board Sustainability Leadership CIMB-CISL 1 June 2023
Programme for The Board Directors of CIMB Online
Group - Session 4
BNM Sasana Symposium 2023 Bank Negara 8 June 2023
Malaysia Malaysia
Anti-Bribery and Anti-Corruption Training - Wong Wong & Partners 21 June 2023
& Partners Online
Leadership & Culture Dialogues Series - BTS BTS 19 June 2023
Kuala Lumpur,
Malaysia
CISL-CIMB Facilitated Workshop with Key CISL 5 July 2023
Management Online
CAN Nature Retreat 2023 by CEO Action Network CEO Action Network 17 July 2023
Kuala Lumpur,
Malaysia
Responsibility Mapping by BNM Bank Negara 28 August 2023
Malaysia Kuala Lumpur,
Malaysia
The Cooler Earth Sustainability Summit 2023 by CIMB Group 11 September 2023
CIMB Kuala Lumpur,
Malaysia
Invest Malaysia by Bursa Malaysia Bursa Malaysia 21 September 2023
New York
Khazanah Megatrends Forum 2023 Khazanah Nasional 2-3 October 2023
Berhad Kuala Lumpur,
Malaysia
International Conference on Financial Crime and AICB 3 October 2023
Terrorism Financing 2023 Kuala Lumpur,
Malaysia
2023 Regional Directors’ Sharing Session CIMB Group 10-12 October 2023
Siem Reap,
Cambodia
What’s top of mind for leaders around the world Mckinsey 8 December 2023
by Mckinsey (Kuala Lumpur) Kuala Lumpur,
Malaysia
PT Bank CIMB Niaga Tbk | 2023 Annual Report 129
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Vera Handajani Commissioner Digital Sharing Session: Cybersecurity CIMB Niaga 9 January 2023
Online
CIMB - CISL Sustainability Leadership Programme CIMB-Cambridge 11 January 2023
Module 1 Institute for Online
Sustainability
Leadership
Programme (CISL)
CIMB-CISL Sustainability Leadership Programme CIMB-Cambridge 12 January 2023
Module 3 Institute for Online
Sustainability
Leadership
Programme (CISL)
2023 Risk Strategy Offsite (Day 1 & 2) CIMB Group Risk 12-13 January 2023
Hotel Hilton Kuala
Lumpur, Malaysia
CISL Training Session 2: A New Context for CIMB-Cambridge 8 February 2023
Business (All Boards) Institute for Online
Sustainability
Leadership
Programme (CISL)
GEXCO Culture Reinforcement - Multiplier Leader Group Human 16 February 2023
Programme Resource, CIMB Mandarin Oriental
Hotel, Kuala Lumpur,
Malaysia
CIMB Sustainability Academy : Launch of CIMB- CIMB Group 23 February 2023
Cambridge Institute for Sustainability Leadership Online
Programme (CISL) -Module 5
CIMB - CISL Sustainability Leadership Programme CIMB-Cambridge 14 March 2023
- Module 6, Group 3 Institute for Online
Sustainability
Leadership
Programme (CISL)
Digital Sharing Session: Cybersecurity CIMB Niaga 31 March 2023
Online
In Person Discussion with Power Expert: 2030 CIMB Group 14 April 2023
Transition: Winners and Losers Menara CIMB
- Kuala Lumpur,
Malaysia
Cambridge Institute for Sustainability Leadership CIMB-Cambridge 14 April 2023
Programme (CISL) - Session 3: The end of Institute for Online
Business-as- Usual and evolving Board Duties Sustainability
Leadership
Programme (CISL)
CIMB Sustainability Academy : Launch of CIMB- CIMB Group 3 May 2023
Cambridge Institute for Sustainability Leadership Online
Programme (CISL) - Module 8
Risk Management Certification Maintenance CIMB Niaga 9 June 2023
Program Online
Special Joint BRCC Offsite CIMB Group 17 June 2023
Ubud, Bali
CIMB Leadership Forum 2023: Setting Context CIMB Group 22 June 2023
Online
CIMB Leadership Forum 2023 CIMB Group 13 - 14 July 2023
Doubletree Hotel
Malacca, Malaysia
Female Leadership Session - Women in the CIMB Thai Bank 21 July 2023
Workplace CIMB Thai Office,
Bangkok
GEXCO Offsite for Business Units CIMB Group 6 - 8 September 2023
Phuket, Thailand
The Cooler Earth Sustainability Summit 2023 CIMB Group 11 September 2023
Majestic Hotel, Kuala
Lumpur
Group Risk Leadership Coaching Journey - CIMB Bank 13 September 2023
Multiplier & Team Effectiveness Workshop Four Seasons Hotel,
Kuala Lumpur
Khazanah Megatrends Forum 2023 Khazanah Nasional 3 October2023
Berhad Mandarin Oriental
Hotel, Kuala Lumpur
130 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
2023 Regional Directors’ Sharing Session CIMB Group 10-12 October 2023
Siem Reap,
Cambodia
Luncheon Talk by Dr. Mike Rands (Vice Chancellor CIMB Bank 23 November 2023
of the University of Cambridge and Master of Menara CIMB, Kuala
Darwin College) - Climate Risk, Change & Getting Lumpur
to Net Zero
Farina J. Commissioner The Cooler Earth Sustainability Summit 2023 CIMB Group 11 September 2023
Situmorang* Independent Online
Directors
Lani Darmawan President Director Sustainability Leadership Program Cambridge 11 January - 3 May 2023
University Online
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Further Understanding of the Regulation of P2SK OJK 23 November 2023
Law in the Context of Strengthening Literacy, Online
Inclusion, and Consumer Protection
Lee Kai Kwong Strategy, Finance & Sustainability Leadership Program Cambridge 11 January - 3 May 2023
SPAPM Director University Online
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
Badan Siber dan
Sandi Negara (BSSN)
Leading Digital Era Harvard Business 17 - 21 April 2023
School Boston
CIMB Leadership Forum 2023 CIMB Group 13-14 July 2023
Doubletree Hotel
Malacca, Malaysia
Risk Posture Workshop with the Combined Boards CIMB Group 24 August 2023
(Group KL) Online
Digital Strategy Leadership with BCG BCG 11 September 2023
The Langham Hotel
Jakarta
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
CFO Forum PERBANAS Perbanas 27 September 2023
Graha CIMB Niaga
Jakarta
Digital Sharing Session : Reimagining Customer BCG 30 Nov 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
John Simon Treasury & Capital Digital Banking Risk Management Rahardja Duta 20 March 2023
Market Director Sousindo Online
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
Badan Siber dan
Sandi Negara (BSSN)
CIMB Leadership Forum 2023 CIMB Group 13 - 14 July 2023
Doubletree Hotel
Malacca, Malaysia
PBI Valas & PADG DNDF CIMB Niaga 12 August 2023
Bali
CIMB Niaga Fireside Event: Indonesia's Investment CIMB Niaga & CIMB 07 September 2023
Year Singapore Singapura
Digital Strategy Leadership with BCG BCG 11 September 2023
The Langham Hotel
Jakarta
**
Appointed as independent commissioner at the AGMS on 10 April 2023 and effective as of 25 January 2024.
PT Bank CIMB Niaga Tbk | 2023 Annual Report 131
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
Fransiska Oei Compliance, Business Learning Session/BLS] Leading Your CIMB Niaga 6 January 2023
Corporate Affairs & Organization's Digital Transformation Online
Legal Director
CEO Banking Forum - Leadership Sharing: Perbanas-IBI 9 January 2023
Welcoming the New Year with More Optimism (Indonesian Bankers Financial Club
Association) Jakarta
Sustainability Leadership Program Cambridge 11 January - 3 May 2023
University Online
Synergy and Innovation Webinar Strengthening Bank Indonesia 30 January 2023
Resilience and Resurgence Towards Indonesia Online
- Launch of Bank Indonesia Transparency &
Accountability Report 2022
Annual Meeting of the Financial Services Industry OJK 6 February 2023
2023 & Presidential Directives Shangrila Hotel
Jakarta
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga
& Consultant Jakarta
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
National Cyber
and Crypto Agency
(BSSN)
Webinar Anti-Money Laundering in Digital Era: OJK Institute 6 April 2023
Lesson Learned from Selected Countries Online
Workshop “Implementation of Personal Data CIMB Niaga 12 April 2023
Protection Law in Bank Activities” with speakers Graha CIMB Niaga
from the Ministry of Communication and Jakarta
Information Technology of the Republic of
Indonesia (Kominfo) and Deloitte
Seminar International - Oversight & Asset PPATK (Financial 17 April 2023
Recovery on Green Financial Crimes and Transaction Reports Online
Transnayional Laundering on High Risk Predicate and Analysis Center)
Crimes in Indonesia
FKDKP - PPATK - OJK Webinar: Enhancing Banking FKDKP (Banking 17 May 2023
Collaboration in the Context of Prevention and Compliance Director Online
Eradication of Money Laundering Crime in the Communication
Implementation of General Elections (PEMILU) and Forum)
Regional Head Elections (PILKADA) with Integrity
and Accountability.”
Climate Transition : Risks & Opportunities for Oliver Wyman 9 June 2023
Indonesian Banks St. Regis Hotel
Jakarta
FGD on Alternative Dispute Resolution Institution OJK 13 June 2023
for Financial Services Sector Shangrila Hotel
Jakarta
CCAL Directorate People Forum CIMB Niaga 19 June 2023
Graha CIMB Niaga
Jakarta
Sustainability - CISL-CIMB Facilitated Workshop CIMB Group 5 July 2023
with Key Management Online
Webinar on Personal Data Protection Law and FKDKP (Banking 12 July 2023
Implementation Challenges Compliance Director Online
Communication
Forum)
CIMB Leadership Forum 2023 CIMB Group 13 - 14 July 2023
Doubletree Hotel
Malacca, Malaysia
Webinar “The Effectiveness of Digital Maturity FKDKP (Banking 28 August 2023
Assessment in Measuring the Maturity of Banking Compliance Director Online
Digital Transformation” Communication
Forum)
132 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Webinar “Enhancing Financial Performance OJK Institute 31 August 2023
through Data Analytics” Online
CIMB’s Cooler Earth Sustainability Summit, 11 - CIMB Group 11 - 12 September 2023
12 September 2023 : Opportunities for A Better Online
Tomorrow
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Socialization of Financial Services Authority OJK 19 September 2023
Regulation on the Implementation of Governance Jakarta
for Commercial Banks
The 1st OJK International Research Forum - Save OJK 25 September 2023
The Planet: The Role of Financial Sector to Online
Support Carbon Reduction and Electric Vehicles
Development
Webinar “Opportunities, Expectations and FKDKP (Banking 10 October 2023
Challenges of the National Economy” Compliance Director Online
Communication
Forum)
Sustainability Sharing Session: Capitalizing on Perbanas 17 November 2023
Sustainability Megatrend Opportunities” Online
CEO Roundtable Sustainability Finance Discussion OJK 24 November 2023
Forum - Indonesia Sustainable Taxonomy Online
Conceptual Framework
Socialization of ASEAN Corporate Governance OJK 20 December 2023
Scorecard 2023 Criteria Online
Sosialisasi POJK 22 Tahun 2023 tentang OJK 28 December 2023
Pelindungan Konsumen dan Masyarakat di Sektor Online
Jasa Keuangan
Pandji P. Sharia Banking Global Economy Opportunities and Challenges Rahardja Duta 12 May 2023
Djajanegara Director Solusindo Online
Leading Change for Organizational London Business 20-24 Febuari 2023
Transformation School London
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
Badan Siber dan
Sandi Negara (BSSN)
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
Tjioe Mei Tjuen Operations & Sustainability Leadership Program Cambridge 11 January - 3 May 2023
Information University Online
Technology
Director
CIMB: BMC Group Executive Coaching call #4_Tjioe Gallup 13 January 2023
Mei Tjuen Online
Digital Sharing Session : Cyber Security Outlook Amazon Web 16 January 2023
2023 & Handling Cybersecurity Incidents in the Services (AWS) & Graha CIMB Niaga
Financial Service Sector Badan Siber dan Jakarta
Sandi Negara (BSSN)
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga
& Consultant Jakarta
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
Badan Siber dan
Sandi Negara (BSSN)
Workshop: Implementation of Personal Data Ministry of 12 April 2023
Protection Law in Bank Activities Communication Graha CIMB Niaga
and Information Jakarta
Technology
(Kominfo) & Deloitte
Digital Transformation Challenges & Fraud Trends GPS and Partners : 27 June 2023
in the Banking Industry Goei Siauw Hong Online
PT Bank CIMB Niaga Tbk | 2023 Annual Report 133
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Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Digital Strategy Leadership with BCG BCG 11 September 2023
The Langham Hotel
Jakarta
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
Henky Sulistyo Risk Management Sustainability Leadership Program Cambridge 11 January - 3 May 2023
Director University Online
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga
& Consultant Jakarta
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
National Cyber
and Crypto Agency
(BSSN)
Kearney Banker Forum: Generative AI in Banking Kearney 7 June 2023
and Global Economic Outlook The Langham Hotel,
Jakarta
Head of Risk Roundtable: Getting ahead in the The Asian Banker 14 June 2023 Shangri
new era risk Global La Hotel, Thailand
CIMB Regional Joint Board Risk Compliance CIMB Group 15 - 17 June 2023
Committee Offsite Bali
Climate Risk Stress Testing Seminar BARA & Moodys 20 June 2023 Ritz
Carlton Hotel,
Jakarta
CIMB Leadership Forum 2023 CIMB Group 13 - 14 July 2023
Doubletree Hotel
Malacca, Malaysia
BARA CRO Roundtable: Sharing Visionary BARA 15 August 2023
Leadership Brilian Club Jakarta
Group Risk Leadership Coaching Journey BTS Consulting 16 August 2023
Online
Sharing Session: ASEAN Approach to Mitigate Perbanas, ASEAN 05 September 2023
Duplicate Financing Fraud Risk in Trade Finance Banker Association Online
(ABA) & MonetaGO
CRO Roundtable: Managing Credit Risk in the AsiaRisk & BCG 14 September 2023
Uncertain Environment The Fullerton Bay
Hotel, Singapura
Kearney Leadership Forum - Indonesia 2024: Kearney 20 November 2023
Continuing the Growth Momentum and Leading The Langham Hotel
Through Global Turbulance Jakarta
Risk and Governance Summit (RGS) Tahun 2023: OJK 30 November 2023
Sustainable Governance: Digital Transformation as Shangri La Hotel,
a Game Changer, Ethical Culture as a Value Keeper Jakarta
Joni Raini Human Resource Program Sustainability Leadership Program Cambridge 11 January - 3 May 2023
Director University Online
GEXCO EPICC/ Culture Reinforcement - Multiplier CIMB Group 16 Feb 2023
Leader Programme Mandarin Oriental
Hotel, Kuala Lumpur
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga,
& Consultant Jakarta
Gallup Coaching Workshop CIMB Niaga 29-30 March, 4-6
April, 13-14 April
2023
Graha CIMB Niaga,
Jakarta
134 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Digital Sharing Session : Cyber Security Outlook CIMB Niaga & AWS 31 March 2023
2023 & Handling Cybersecurity Incidents in the (Amazon Web Online
financial service sector Services) & BSSN
(National Cyber &
Crypto Agency)
GRP (Global Remuneration Professional) World at Work 2 May 2023
Virtual
HR Learn Festival CIMB Niaga 25-26 May 2023
ICON Pondok Indah
Jakarta
CIMB Leadership Forum 2023 CIMB Group 13-14 July 2023
Doubletree Hotel
Malacca, Malaysia
Digital Strategy Leadership with BCG CIMB Niaga 11 September 2023
The Langham Hotel
Jakarta
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
National Collaboration Towards a Competent GNIK (Gerakan 14 October 2023
Indonesia 2030 Nasional Indonesia Ballroom Gedung
Kompeten) BPJS Kesehatan
Cempaka Putih
Jakarta
Conference & Penghargaan Indonesia Human Indonesia Human 23 October 2023
Capital Award-IX-23 - “Reinventing HR: People, Capital Award Artotel Mangkuluhur
Digital & Sustainability” Hotel Jakarta
Digital Sharing Session : Reimagining Customer BCG 30 November 2023
Engagement with GenAI Graha CIMB Niaga
Jakarta
Rusly Johannes Business Banking Sustainability Leadership Program Cambridge 11 January - 3 May 2023
Director University Online
Shaping the Future with Inspiring Leadership AGLP (ASEAN 15-19 May 2023
Global Leadership Barcelona Spain
Programme)
PPL DIRKOM Member of Board of Directors & APEI 11 December 2023
Member of Board of Commissioners of Securities Gedung BEI Jakarta
Company Member of APEI with the Theme of Risk
Management
Noviady Wahyudi Consumer Banking Program Sustainability Leadership Cambridge 11 January - 3 May 2023
Director University Online
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga,
& Consultant Jakarta
Digital Sharing Session : Cyber Security Outlook CIMB Niaga - 31 March 2023
2023 & Handling Cybersecurity Incidents in the Amazon Web Online
financial service sector Services (AWS) &
National Cyber
and Crypto Agency
(BSSN)
CIMB Leading Leaders Development Programme - CIMB Niaga - 31 March 2023
Orchestrating Winning Performance Singapore Amazon Web Online
Services (AWS) &
National Cyber
and Crypto Agency
(BSSN)
CIMB Leadership Forum 2023 CIMB Group 13-14 July 2023
Doubletree Hotel
Malacca, Malaysia
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Four Season Hotel
Jakarta
CIMB Leading Leaders Development Programme - BCG 30 November 2023
Gearing up for the Future - Leadership Impact Graha CIMB Niaga
Jakarta
PT Bank CIMB Niaga Tbk | 2023 Annual Report 135
Page 134
Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Internal Audit Unit (SKAI)
Antonius Gunadi Chief Audit CIMB Sustainability Academy : CISL - Module 1 CIMB-CISL 11 January 2023
Executive Online
CIMB Sustainability Academy : CISL - Module 2 CIMB-CISL 12 January 2023
Online
Digital Sharing Session : Cyber Security Outlook Amazon Web 16 January 2023
2023 & Handling Cybersecurity Incidents in the Services (AWS) & Graha CIMB Niaga
Financial Service Sector Badan Siber dan Jakarta
Sandi Negara (BSSN)
CIMB Sustainability Academy : CISL - Module 5 CIMB-CISL 23 February 2023
Online
CIMB - CISL Module 8 CIMB-CISL 5 March 2023
Online
Advanced Media Handling Skills CIMB Niaga - 10 March 2023
Maverick PR Agency Graha CIMB Niaga
& Consultant Jakarta
CIMB Sustainability Academy : CISL - Module 6 CIMB-CISL 14 March 2023
Online
Digital Sharing Session - Cyber Security Outlook CIMB Niaga 31 March 2023
2023 Graha CIMB Niaga
Jakarta
CIMB Leading Leaders Development Programme - IMD 5-9 June 2023
Gearing up for the Future - Leadership Impact Lausannem, Swiss
Lunch and Learn: Future of Self-service AI and CIMB Niaga 20 June 2023
Analytics Graha CIMB Niaga
Jakarta
Digital Strategy Workshop with BCG CIMB Niaga 10 September 2023
Langham - Jakarta
CIMB Leading Leaders Development Programme - IMD 20-24 November 2023
Orchestrating Winning Performance Singapore Singapura
Sharia Supervisory Board
Prof. Dr. M. Chairman Workshop on Pre Ijtima’ Sanawi (Annual Meeting) DSN MUI 4 September 2023
Quraish Shihab, of DPS in 2023 Jakarta
MA
Prof. Dr. Member Workshop on Pre Ijtima’ Sanawi (Annual Meeting) DSN MUI 4 September 2023
Fathurrahman of DPS in 2023 Jakarta
Djamil, MA Muzakarah Penasihat Syariah Islamic Finance 16th KLIFF (Kuala Lumpur 18 September 2023
Time - 2023 Islamic Finance Kuala Lumpur
Forum)
Dr. Yulizar D. Member Workshop on Pre Ijtima’ Sanawi (Annual Meeting) DSN MUI 4 September 2023
Sanrego, M.Ec of DPS in 2023 Jakarta
Muzakarah Penasihat Syariah Islamic Finance 16th KLIFF (Kuala Lumpur 18 September 2023
Time - 2023 Islamic Finance Kuala Lumpur
Forum)
Digital Banking Risk Management Rahardja Duta 12 June 2023
Sousindo Jakarta
Audit Committee
Jeffrey Kairupan Chairperson Training is listed on the BOC training page
concurrently
Member
Glenn Muhammad Member Training is listed on the BOC training page
Surya Yusuf
Endang Member The Urgency of Extending Credit Restructuring LPPI 19 January 2023
Kussulanjari S. Policy Online
G20/B20 Integrity & Compliance Policy Paper : The Institute of 23 February 2023
Action Plan For Internal Auditor Internal Auditors Online
Assurance Based Consulting The Institute of 13 March 2023
Internal Auditors Online
“ Further Understanding of the P2SK Law OJK 22 June 2023
Arrangements in the Context of Strengthening the Online
Banking Sector”
Insurance Guarantee and Restoration of Public LPPI 23 June 2023
Trust in the Insurance Industry in Indonesia Online
The Future Role of Internal Audit in the Financial Ikatan Auditor Intern 12-13 July 2023
Services Industry Bank (IAIB) Hotel Episode
Gading- Serpong,
Banten
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Hotel Four Seasons
Jakarta
136 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Sustainability Training CIMB Niaga 20 September 2023
Online
The 1st OJK International Research Forum OJK 25 September 2023
Save The Planet : Financial Sector to Support Jakarta
Carbon Reduction and Electric Vehicles
Development
The 6th INDONESIA FINANCIAL SECTOR OUTLOOK LPPI 24 November 2023
2024 (IFSO 2024) Auditorium Rachmat
Saleh, Gd. LPPI-JKt
Carbon Exchanges and Opportunities for LPPI 21 November 2023
Indonesia’s Financial Sector Online
Addressing the Challenges and Opportunities of LPPI 22 December 2023
the Insurance Industry in 2024 Online
Angelique Dewi Member PSAK Syariah Series (PSAK 101, PSAK 102, PSAK Indonesian 30 - 31 March 2023
Daryanto 105, PSAK 106, dan PSAK 110) Institute of Public Online
Accountants
PSAK Update effective 1 January 2023 and IFRIC Indonesian 27 July 2023
Agenda Decision Institute of Public Online
Accountants
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Hotel Four Seasons
Jakarta
Sustainability Training CIMB Niaga 20 September 2023
Online
Updated PSAK in the Preparation of Financial Indonesian 13 October 2023
Statements Institute of Public Online
Accountants
Tax Aspects of the Company’s Fixed Asset Indonesian 13 November 2023
Revaluation Institute of Public Online
Accountants
PPL IAPI-OJK Bank Sector Indonesian 11 December 2023
Accounting and Auditing Aspects of Impairment of Institute of Public Online
Loans and Securities Accountants
Riatu Mariatul Member T20 Special Event Conference on Global Research and 16-17 January 2023
Qibthiyyah Governance with LiFE, Values and Wellbeing: Information System Bhopal, India
Fostering Cooperation in Framework, Finance and (RIS)
Technology
Human Development Report Policy Dialogue: UNDP Indonesia 1 February 2023
Renewed Uncertainties and Bigger Opportunities - Jakarta
Context of Indonesia
G20 Global Think Tank Town Hall Observer Research 5 March 2023
Foundation (ORF) New Delhi, India
Transparency and Fair Taxes in ASEAN. Transparency 7 March 2023
Civil Society Roles for the ASEAN Indonesia International Jakarta
Chairmanship Indonesia & The
Prakarsa
Public Consultation on Jakarta Province Ministry of Home 3 March 2023
Amendment Act Affairs Jakarta
Launching of Asian Development Outlook Report ADB Indonesia 4 April 2023
(ADO) - Indonesia Country Outlook 2023-2024 online
Asian Economic Panel (AEP) Meeting University College 11-12 May 2023
Dublin, Ireland Dublin, Ireland
High Level Policy Dialogue (HLPD) 2023 Australian National 29 May 2023
University (ANU) & Jakarta
Fiscal Policy Office,
Ministry of Finance
Training on Public Asset Management LPEM FEB UI & 16 June 2023
Ministry of Finance Jakarta
- DJPK.
IHT- Fiscal Policy Analysis. Overview of Public Bank Indonesia 24 July 2023
Finance Institute Jakarta
Making Money Work for People: Toward A New Think20 India & 1 August 2023
Financial Order, T20 Summit India. Observer Research Mysuru, India
Foundation (ORF)
Transparency and Fair Taxes in ASEAN. Transparency 7 March 2023
Civil Society Roles for the ASEAN Indonesia International Jakarta
Chairmanship Indonesia & The
Prakarsa
Public Consultation on Jakarta Province Ministry of Home 3 March 2023
Amendment Act Affairs Jakarta
Launching of Asian Development Outlook Report ADB Indonesia 4 April 2023
(ADO) - Indonesia Country Outlook 2023-2024 Online
Asian Economic Panel (AEP) Meeting University College 11-12 May 2023
Dublin, Ireland Dublin, Ireland
PT Bank CIMB Niaga Tbk | 2023 Annual Report 137
Page 136
Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
High Level Policy Dialogue (HLPD) 2023 Australian National 29 May 2023
University (ANU) & Jakarta
Fiscal Policy Office,
Ministry of Finance
Training on Public Asset Management LPEM FEB UI & 16 June 2023
Ministry of Finance Jakarta
- DJPK.
IHT- Fiscal Policy Analysis. Overview of Public Bank Indonesia 24 July 2023
Finance Institute Jakarta
Making Money Work for People: Toward A New Think20 India & 1 August 2023
Financial Order, T20 Summit India. Observer Research Mysuru, India
Foundation (ORF)
The International Conference of the Association of AKES & University 24 August 2023
Korean Economic Studies (AKES) - Korea and the of Indonesia (LPEM Jakarta
World Economy XX1: Harmonization of Climate FEB UI)
Change and Economic Globalization
The 25th Indonesia Infrastructure Roundtable (IIR), University of 30 August 2023
Amplifying Partnerships: A Collaborative Drive to Brawijaya, PT PII, Jawa Timur, Malang
Strengthen Indonesia's Water Sector & IIGF
Digital Technology, Finance, Inclusion, and G20 Research and 18 September 2023
Delhi Declaration Information System Online
(RIS) India.
Training on Sustainability CIMB Niaga 20 September 2023
online
Sustainable and Inclusive Digital Transformation DKI Jakarta Planning 26 September 2023
of Public Services in Jakarta, Jakarta Innovation Agency Balai Kota, Jakarta
Days
The 18th East Asian Economic Association (EAEA) EAEA & Seoul 21-22 October 2023
International Conference National University Seoul, South Korea
(SNU)
From G20 to COP28: Energy Climate and Growth Observer Research 12 November 2023
Foundation (ORF) & Abu Dhabi, UEA
The Emirates Policy
Center
International Economics Association World IEA & Universidad 11-15 December 2023
Congress EAFIT Colombia Medellin, Colombia
Risk Oversight Committee
Glenn Muhammad Chairperson Training is listed on the BOC training page.
Surya Yusuf and concurrent
member
Didi Syafruddin Member Training is listed on the BOC training page.
Yahya
Jeffrey Kairupan Member Training is listed on the BOC training page.
Vera Handajani Member Training is listed on the BOC training page.
Farina J. Member** Training is listed on the BOC training page.
Situmorang
Sri Indrastuti S. Member Consultative Workshop on suitable technologies Indonesian Ocean 14 March 2023
Hadiputranto and financing mechanisms for improving plastic Integrity Online
and organic waste management
Macroeconomics Seminar Astra 20 July 2023
Online
Indonesia Sustainability Forum; driving Forces Kemenko Marves & 7 September 2023
of Sustainability Unleashing Human Capital & Tsinghua University Jakarta
Technology Enables for Lasting Growth - gave & UID Foundation
closing remarks
The Cooler Earth Sustainability Summit 2023 CIMB Niaga 13 September 2023
Hotel Four Seasons
Jakarta
Community Event - Advancing Local Waste Embassy of 22 September 2023
Management in Indonesia Denmark, WRI Online
Indonesia & NPAP
The Coca Cola System Plastic Circularity Workshop Coca Cola 3 October 2023
Europacific Partners Jakarta
Indonesia & Papua
New Guinea
Asean Conference on Plastic Pollution (sbg Nara Kemenko Marves & 17 October 2023
sumber) NPAP Jakarta
Plastics Innovation Hub Indonesia Accelerator CSIRO 18 October 2023
Program - Demo Day Jakarta.
138 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Organizing
Name Position Training/Workshop/Conference/Seminar Time and Location
Institute
Seminar on the Application of the Principles of HKHPM 17 November 2023
Fiduciary Duty and Business Judgement Rule of Jakarta
Directors of PT TbK in Affiliated Transactions and
Conflict of Interest Transactions (as a resource
person)
Ronald T. A. Kasim Member Annual Kick-Off Meeting Risk Management Indonesia Risk 3 March 2023 Online
Professional of Financial Service Sector for 2023 Management
Professional
Association
Lesson Learned Kasus Silicon Valley Bank LPPI 6 April 2023
Online
Leadership in Changing Atmosphere OJK Institute 24 August 2023
Online
Welcoming the New Era of Fintech Lending UGM Postgraduate 12 September 2023
Industry After the Issuance of UUP2SK Student Association Online
CIMB NIAGA Sustainability Training CIMB Niaga 20 September 2023
Online
Opportunities and Challenges for Fintech P2P OJK Institute 21 September 2023
Lending in the Era of the P2SK Law Online
IT Sharing Session CIMB Niaga 24 October 2023
online
Nomination and Remuneration Committee
Sri Widowati Chairwoman Training is listed on the BOC training page.
and concurrent
member
Didi Syafruddin Member Training is listed on the BOC training page.
Yahya
Glenn Muhammad Member Training is listed on the BOC training page.
Surya Yusuf
Nora Joice kimbal Member Gallup Coaching Workshop CIMB Niaga 29-30 March, 4-6
April, 13-14 April
2023
Graha CIMB Niaga,
Jakarta
Workshop on Professional Certification Body for LSP MSDM 7 September 2023
Human Resource Management Jakarta
Conference & Indonesia Human Capital Indonesia Human 23 October 2023
Award-IX-23 - “Reinventing HR: People, Digital & Capital Award Artotel Mangkuluhur
Sustainability” Hotel, Jakarta
Integrated Governance Committee
Jeffrey Kairupan Chairman and Training is listed on the BOC training page.
Member
Endang Member Training is listed on the Audit Committee’s training
Kussulanjari S. page.
Serena K. Member IIA Townhall Meeting: “Integrated GRC IIA Indonesia 24 January 2023
Ferdinandus implementation for better governance and Online
enhanced risk management”
APPI Seminar: “The New Era of the Financing Association 6 June 2023
Industry” of Financing Raffles Hotel, Jakarta
Companies
Indonesia (APPI)
National Conference IAIB: "Peran Audit Intern Masa Internal Auditors 12-13 July 2023
Depan dalam Industri Jasa Keuangan" Association of Banks Episode Hotel,
(IAIB) Jakarta
Yulizar D. Sanrego Member Training is listed on the Sharia Supervisory Board’s
training page.
Achiran Pandu Member - - -
Djajanto
Angelique Dewi Member Training is listed on the Audit Committee’s training
Daryanto page
PT Bank CIMB Niaga Tbk | 2023 Annual Report 139
Page 138
Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Awards and Certifications
INTERNATIONAL
Qorus Reinvention Award - APAC 2023 Asian Experience Awards 2023 The Asset Triple A 2023
Gold Winner - Distribution - Indonesia Employee Experience of The Best Service Provider - Cash Management
Year - Banking
- Digital Experience of The Year - Banking
AWARDING INSTITUTION AWARDING INSTITUTION
APAC AWARDING INSTITUTION The Asset Triple A
Asian Experience Awards
Visa Indonesia Client Forum 2023
The Asia Money Awards
Awards
Islamic Retail Banking Awards 2023
Best Corporate Bank in Indonesia 2023 - Acquirer with The Highest Number of
Category: e-Commerce/CNP Transactions
Islamic Retail Bank for Priority Banking in - The Biggest Cardholder in Credit Infinite
AWARDING INSTITUTION Indonesia 2023 - Acquirer with The Highest Visa Direct
Asia Money Volume
AWARDING INSTITUTION
Cambridge International Financial Advisory (IFA) AWARDING INSTITUTION
Asian Banking & Finance Corporate &
Visa
Investment Banking Awards 2022
Retail Banking Internasional -
- Corporate & Investment Bank of The Year Asia Trailblazer Awards 2023 REGIONAL
- Syndicated Loan of The Year - Indonesia
- Corporate Client Initiative of The Year - - Best Curretnt Account Offering - CIMB
Indonesia Niaga Highly Commended Individual Awards
- Best CSR Initiative Contribution to Local
AWARDING INSTITUTION Community CoachHub Top L&D Leaders Awards 2023
Asian Banking & Finance - Best CSR Initiative Enviroment Impact
Asian Banking & Finance Wholesale AWARDING INSTITUTION AWARDING INSTITUTION
Retail Banking Internasional Coach Hub
Banking Awards 2023
- Indonesia Domestic Project Finance Bank The Asset Triple A Country Awards 2022
of The Year for Sustainable Finance IFN Best Bank of The Year 2023
- Indonesia Domestic Sustainable Finance
Initiative of The Year - Best Green Bond CIMB Niaga Syariah
- Banking for Women Initiative of The Year - Best Green Loan - Best Overall Islamic Bank in Indonesia
- Indonesia - Most Innovative Islamic Bank in Indonesia
AWARDING INSTITUTION - Best Islamic Corporate Bank in Indonesia
AWARDING INSTITUTION The Asset
- Best Islamic Investment Bank in
Asian Banking & Finance Indonesia
AWARDING INSTITUTION
IFN
140 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
NATIONAL
GRC & Performance Excellence
Annual Report Award 2022 Best Banking Awards 2023
Award 2023
Grand Champion of Annual Report Award 2022 - The Greatest Champions of GRC KBMI 3 With core capital >Rp14 T to Rp70 T
Integrated Mindset Toward Sustainability Excellence Performance 2023
for Long-term Value Creation - The Best GRC for IT / Digital
Transformation 2023 (Foreign Banking) AWARDING INSTITUTION
- The Best GRC Women Leader 2023 Media Investor
AWARDING INSTITUTION
KNKG (Foreign Banking) - Fransiska Oei
- The Best Commisioner for GRC Excellence Indonesia Excellence Good Corporate
2023 (Foreign Banking) - Jeffrey Kairupan Governance Awards 2023
The Iconomics Awards 2023
AWARDING INSTITUTION Indonesia Excellence Good Corporate
BusinessNews
- Top Banking CEO Awards 2023 Governance Ethics in Providing
- 4th Indonesia Top Bank Awards 2022 in Comprehensive of Financial Solution
KBMI 3 Category - Category: Conventional Bank
Top GRC Awards 2023
- 4th Indonesia Public Relations Summit
2023 - The Iconomics: AWARDING INSTITUTION
- Top Achievwmwnt is Awarded to Top GRC Warta Ekonomi
- 4th Corporate Reputations Awards 2023 in
KBMI 3 Awards 2023 # Platinum Trophy
- The GRC Awards 2023 # Star 5
- The Most Commited GRC Leader 2023 - Indonesia CSR Awards 2023
AWARDING INSTITUTION
The Iconomics Lani Darmawan - Direktur Utama
Indonesia Best CSR Awards 2023 with
AWARDING INSTITUTION Outstanding Program in Integration of
Lauching Indeks Tempo - Top Business
IDNFINANCIALS 52 Environmental Conservation and Social
Empowerment
Main Index - High Deviden - High Growth Indonesian Institue for
Corporate Directorship AWARDING INSTITUTION
Warta Ekonomi
AWARDING INSTITUTION - Top 50 Big Capitalization Public Listed
Tempo Company
- Leadership in Corporate Governance Indonesia Sharia Finance Awards 2023
Corporate Emissions
AWARDING INSTITUTION Indonesia Best Sharia Finance 2023 with
Transparency Award 2023 Antara
outstanding Optimizing of Product and
- Transparency of 2023 Corporate Services Utilization Based on Sharia
Emission Reduction Green Elite Category Katadata Corporate Sustainability Pronciple (Category : Sharia Business Unit
- Transparency of Corporate Emissions Awards 2023 of Conventional Bank)
Calculation Platinum Plus Category
- Green Economy Champion AWARDING INSTITUTION
Warta Ekonomi
AWARDING INSTITUTION
B Universe
AWARDING INSTITUTION
Katadata
PT Bank CIMB Niaga Tbk | 2023 Annual Report 141
Page 140
Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Indonesia Human Resources IDX Channel Annugerah Inovasi
Indonesia Property Award 2023
Awards 2023 Indonesia 2023
The Best HR Management for Category: Special Award
The Outstanding Development of Property Supporting Business Internal Process Categories
Comprehensive and Strategic HR Initiatives, Sub Category: Banking With Innovation
(Category: Conventional Bank) KPR CIMB Niaga Syariah as The Progressive Learning & Development Journey at CIMB
Sharia Bank for Mortgage Niaga
AWARDING INSTITUTION
Warta Ekonomi AWARDING INSTITUTION AWARDING INSTITUTION
Media Properti Indonesia (MPI) Group IDX Channel
Indonesia Public Relation
Awards (IPRA) 2023 SPEX2 DX Awards 2023 Executing Digital
Detik.com Award
Transformation
The Best Public Relations in Company
Strategy on Increasing Customer Excellence in Executing Digital - CIMB Niaga OCTO Savers : The Most
Satisfaction, Loyalty and Engagement Transformation in Banking Industry Engaging Digital Savings
(SLE) by Optimizing Product, Service and - CIMB Niaga OCTO Mobile : The Most
Customer Experiences AWARDING INSTITUTION Impactful Super App.
Kontan
AWARDING INSTITUTION AWARDING INSTITUTION
Warta Ekonomi Detik.com
HR Excellence Awards Indonesia 2023
TOP GRC Award 2023 The Finance Award 2023
- HR Excellence 2023 Workplace Culture
(Gold)
Kategori: - HR Excellence 2023 TalentManagement - The Best Performing Bank 2023
• Pandji P. Djajaaegara, The Most (Gold) - Based Financial Performance 2023
Committed GRC Leader 2023 - HR Excellence 2023 EmployerOfTheYear - Bank Asset Category Withun Rp.100
• Unit Usaha Syariah category Top GRC (Silver) Trillion Less Than Rp. 500 Trillion
2023 - #Stars 4 - HR Excellence 2023 Learning & - Best CFO in Financial Institution 2023
Development (Silver) within Rp. 200 Trillion Less Than Rp. 500
AWARDING INSTITUTION - HR Excellence 2023 Digital Trillion
PT Solusi Madani Internasional Transformation (Bronze)
- HR Excellence 2023 Workplace Wellbeing AWARDING INSTITUTION
(Silver) The Finance by Infobank
Museum Rekor Dunia Indonesia (MURI) - HR Excellence 2023 HR Manager of the
year : Rini S Wulandari (Silver) Leadership Sharing & Recognition 20th
- HR Excellence 2023 HR Manager of the Infobank-MRI Banking Service Excellent
Category: Recognition 2023 titled
year : Siti Fauziah Hidayat (Bronze)
Indonesia’s First Sharia Digital Financing
Card Preventing Financial Crime In Banking
AWARDING INSTITUTION Sector : Infobank Top 100 Outstanding
Human Resources Online.Net
AWARDING INSTITUTION Women Recognition 2023
MURI
AWARDING INSTITUTION
The Finance by Infobank
142 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Report Governance Responsibilities Data Statement
Infobank Top 100 CEO & The Next 28th Infobank Banking
Infobank Digital Brand Awards 2023
Leaders Forum 2023 Apreciation 2023 Tbk
- The Recognation of Infobank Top 100 Excellent Financial Performance - The Best Credit Card Conventional Bank
DEO 2023 - Lani Darmawan [President Bank in 2022 (KBMI 3) - Credit Card
Director] - The 2nd Best Debit Card Conventional
- Infobank Bankers of the Year 2023 - AWARDING INSTITUTION Bank (KBMI 3) - Debit Card
Pandji P. Djanegara [ Syariah Baking The Finance by Infobank - The 2nd Best Morgage Loan Conventional
Director] Bank (KBMI 3) - Morgage Loan
- The Recognation of Infobank Top 200 - The 2nd Best Time Deposit Conventional
Next Leaders 2023 - Henky Sulistyo [Risk Islamic Finance Awards 2023 Bank (KBMI 3) - Deposito Xtra
Director] - The 2nd Best - Bank Savings Account
- The Recognation of Infobank Top 200 Category: (KBMI 3) - Savings Account
Next Leaders 2023 - Joni Raini [HR 1. Excellence Financial Performance Sharia - The Best E-Money Bank (KBMI 3) -
Director] Business Unit of Conventional Bank in Rekening Ponsel
- The Recognation of Infobank Top 200 2022 (Asset Class > IDR 10 Trillion) - The Best Internet Banking Conventional
Next Leaders 2023 - Antonius Gunadi 2. The Best Sharia Business Unit in (Bank KBMI 3) - OCTO Clicks
[Chief Auditor Executive] Musyarakah Financing 2022 - The 2nd Best Mobile Banking Conventional
3. Excellence Financial Performance Sharia Bank (KBMI 3) - OCTO Mobile
AWARDING INSTITUTION Business Unit of Conventional Bank in 5 - The 3rd Highest Digital Index Internet
The Finance by Infobank
Consecutive Years (2018-2022) Banking (KBMI 3) - OCTO Clikcs
Satisfaction, Loyalty & Engagement (SLE) AWARDING INSTITUTION
Awards 2023 The Finance by Infobank AWARDING INSTITUTION
The Finance by Infobank
- Top Rank KBMI 3 Bank in Satisfaction,
Loyalty & Engagement 2023 Infobank 20th Banking Service
- The Strongest Customer Engagement Excellent Award MRI
KBMI 3 Bank
- The Best KBMI 3 Bank in Customer Loyalty - 1st The Trailblazes Bank of Service
- The Most Satisfying KBMI 3 Bank in Excellenence
Mobile Banking - The 2nd Best - Live Chat
- The Most Satisfying KBMI 3 Bank on ATM - The 2nd Best - Social Media
Service
- The 2nd Best KBMI 3 Bank in Marketing AWARDING INSTITUTION
Engagement The Finance by Infobank
- The 2nd Most Satisfying KBMI 3 Bank on
Branch Office
- The 3rd most satisfying KBMI 3 Bank in
Teller Service
- The 3rd Most Satisfying KBMI 3 Bank in
Customer Service
AWARDING INSTITUTION
The Finance by Infobank
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Indonesia Property Watch (IPW) - SWA Indonesia Customer Experience Indonesia Brand Communications
Golden Property Awards 2023 Champion 2023 Championship and Brand Guardianship 2023
Best Housing Mortgage (KPR) Program - Indonesia Customer Experience - Program: Brand Evangelist ‘The Best
Champions 2023 - Predicate Very Good Integrated Brand Communication
AWARDING INSTITUTION - Indonesia Customer Service Champions 2023’ Indonesia Brand Communication
Indonesia Property Watch (IPW) 2023- Predicate Very Good Championship 2023 Predicate: Excellent
- Program: Kejar Mimpi Rising Start ‘The
AWARDING INSTITUTION Best Brand Activation 2023’ Indonesia
Indonesia Digital Customer Engagement SWA Indonesia Brand Communication Championship
Champion in Service Industry 2023 Predicate: Very Good
SWA Indonesia Digital Marketing - Program: Kejar Mimpi Rising Start ‘The
CIMB Niaga Melalui OCTO Mobile Best Digital Brand Activation 2023’
Predicate: Very Good Champion 2023
Indonesia Brand Communication
Indonesia Digital Marketing Champions Championship 2023
AWARDING INSTITUTION
2023 - Brand Management & Nonbusiness
SWA
Marketing Team CIMB Niaga ‘The Best
AWARDING INSTITUTION Brand Guardian Team Indonesia Brand
SWA Indonesia Customer Experience SWA Indonesia Guardianship 2023’ Predicate: Very Good
(CX) Champion 2023 - Program: CIMB Niaga Syariah Haya Fest
2023 The Best Brand Activation Indonesia
Indonesia Customer Experience Indonesia PR of The Year 2023 Brand Community Championship 2023
Champions 2023 - CIMB Niaga Syariah, Predicate: Very Good
Predicate Very Good - Program CIMB Niaga Syariah Haya
PR Program of The Year 2023 (Editor Fest 2023 ‘The Best Integrated Brand
AWARDING INSTITUTION Choice) Communication’ Indonesia Brand
SWA Kategori: Media Relationship Program Communication Championship Predicate:
Program: OCTO Mobile by CIMB Niaga Trip Excellent
to Bali - Syariah Banking Marketing Team ‘The
SWA Sales Team Champion 2023 Best Brand Guardian Team’ Indonesia
AWARDING INSTITUTION Brnad Guardianship 2023 Predicate: Very
Mix Marketing & Communication (SWA)
Good
Indonesia Sales Team Chanpions 2023,
CIMB Niaga, Predicate Excellent
AWARDING INSTITUTION
Mix Marketing & Communication (SWA)
AWARDING INSTITUTION
SWA
144 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
Indonesia Best Corporate Sustainability Indonesia Digital Innovation and
Marketeers Editor’s Choice Awards 2023
Initiative 2023 Achievement Awards 2023
Most Engagging Sustainability Initiative 2023 OCTO Mobile: Product Improvement in - Best Digital Technology and IOT
Category: Cause Promotion Banking Apps of The Year Implementation 2023 in Multinational
Banking
AWARDING INSTITUTION AWARDING INSTITUTION - Best Senior Executive Indonesia Digital
Mix Marketing & Communication (SWA) Markplus Innovation and Achievement of The Year
2023 - Philipp Mulyono
HR Excellence Awards 2023 Perhumas PR Excellence Awards 2023 AWARDING INSTITUTION
Business Asia Indonesia
Excellence in The HR Excellence Awards 3rd place Internal PR DEI Theme
2023 Wellbeing Management
Digital Financial Excellent Awards 2023
AWARDING INSTITUTION
AWARDING INSTITUTION Perhumas
Mix Marketing & Communication (SWA) Digital Financial Excellent Awards 2023
AWARDING INSTITUTION
WOW Brands 2023 Media Asuransi
Silver Champion Digital Lounge The Best Indonesia Finance for
Public Company 2023
AWARDING INSTITUTION
Markplus Platinum Award (A) (Very Excellent)
Category: Aset Rp. 250 T - Rp. 1 T
AWARDING INSTITUTION
Economic Review
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Performance Management Company Management Discussion Risk
Highlights Reports Profile and Analysis Management
04
Management
Discussion
and Analysis
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150 2023 Macroeconomics 227 Long-Term Compensation
Overview Policy
154 Business Segment Review 228 Realization of the Use
of Proceeds from Public
154 Corporate Banking
Offering
158 Treasury and Capital
228 Other Important
Markets
Transactions in Significant
161 Transaction Banking Amounts
164 Commercial Banking 228 Material Information and
167 Emerging Business Banking Facts subsequent to Audit
(EBB) Report
169 Consumer Banking 229 Significant Changes at
the Bank and the Bank’s
177 Sharia Banking Business Group in the
183 Operational Review Related Year
Per Business Segment 229 Reported Financial
184 Profitability of Each Business Information Containing
Segment Extraordinary and Rare
Events
185 Financial Review
229 Provision of Funds,
186 Strategy in 2023 Commitments, and Other
187 Electronic Network Coverage Facilities
Expansion 229 Significant Prohibition,
189 Statements of Financial Limitation, and Constraint to
Position Transfer Funds Between the
Bank and Other
206 Consolidated Statements of Entities in the Business
Profit and Loss and Other Group
Comprehensive Income
229 Information on Material
212 Cash Flow Statements Transactions Related to
212 Key Financial Ratios Investment, Expansion,
Divestment, Acquisition,
213 Prime Lending Rate and Restructuring
214 Commitments and 230 Material Transactions
Contingencies Involving Conflicts of Interest
215 Brief Report of the Subsidiaries and Transactions with
Affiliated/Related Parties
218 Other Material Financial
Information Analysis of Ability 234 Derivative and Spot
to Pay Debts and Receivables Transactions
Collectibility 235 Changes in Law and
221 Significant Agreements Regulations with Significant
Effect on the Bank and Their
222 Capital Structure of the Bank Impact on Financial Report
223 Investment Property 243 Changes in Accounting
223 Material Commitment on Policies
Capital Goods Investment 245 Application of the Foreign
223 Capital Expenditure Account Tax Compliance Act
Realization in the Last Fiscal (Fatca) & Common Reporting
Year Standards (Crs)
224 Comparison of Targets and 246 Marketing Aspects
Realizations in 2023 249 Business Prospects
225 Projections for 2024 251 Business Continuity
226 Dividend Distribution Policy Information
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2023 Macroeconomics Overview
In line with the resilient and
growing domestic economy, CIMB
Niaga continues to focus on its
Five Pillar Strategy to achieve
business potential amidst national
economic growth.
GLOBAL AND NATIONAL ECONOMIC OVERVIEW Monetary tightening policy, continues to manage high-
Global economic recovery remains slow and uneven as a inflation pressure. Global inflation is continually showing
result of the previous COVID-19 pandemic and geopolitical downtrend, but it remains above the central Banks’ targets
tensions in various regions. This also encourages in developed countries. This is expected to continue the
economic fragmentation, which increases global supply monetary policy strategy of raising interest rates for
chain disruption, restricts trade and investment flows, an extended period of time. Meanwhile, contraction in
and reduces economic growth prospects. Based on manufacturing activity continues, with commodity prices
World Economic Outlook report January 2024 edition on international markets growing at a slower rate than
by International Monetary Fund (IMF), global economic the previous year.
activities haven’t returned to pre-pandemic levels.
Particularly in emerging market countries and economic Indonesia’s economy is still growing well due to domestic
inequality is widening among regions. The IMF calculate demand. Bank Indonesia reported that household
that global economic growth will slow from 3.5% in 2022 consumption and investment continued to grow in line
to 3.1% in 2023, and subsequently remain at 3.1% in with public confidence and the ongoing completion of
2024. the National Strategic Project (PSN). This development is
confirmed by a number of key indicators until December
2023, such as consumer confidence, retail sales, and the
Manufacturing Purchasing Managers’ Index (PMI).
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PMI Manufacturing Global Consumer Confidence Index (CCI)
index index
70 140
65 130
60 120
55
110
50
100
45
90
40
35 80
30 70
25 60
2 4 6 8 1012 2 4 6 8 1012 2 4 6 8 1012 2 4 6 8 1012 2 4 6 8 1012 I II III IV I II III IV I II III IV I II III IV 1 2 3 4 5 6 7 8 9 10 11 12
2019 2020 2021 2022 2023 2020 2021 2022 2023 2023
China US India Japan EU UK Expenses Rp1 - 2 million Expenses Rp3.1 - 4 million
enses IDR 2.1 - 3 million Expenses >Rp5 million
Expenses IDR 4.1 - 5 million CCI
Source: IHS Markit, Bloomberg Source: Bank Indonesia
Export performance tends to improve, in line with increasing demand from several major trading partners such as
China and Vietnam. Based on Business Fields (LU), economic performance is mainly supported by Wholesale and Retail
Trade, Processing Industry, and Construction. According to the Central Bureau of Statistics (BPS), economic growth at
5.05% in 2023 and at 5.31% in 2024.
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The Rupiah exchange rate continued to increase as Liquidity Incentive Policy (KLM). The total of additional
global financial market uncertainty began to ease. The liquidity from KLM incentives was Rp163.3 trillion as of
Rupiah exchange rate strengthened by an average of December 2023, an increase of Rp55.0 trillion since KLM’s
0.56% on December 2023, compared to November 2023. implementation on 1 October 2023.
Compared to the previous year, the Rupiah exchange
rate strengthened by 0.98%. to the level at the end of The continuation of increment in banking intermediation
December 2022. In addition to the Bank’s stabilization was indicated by the 3.73% growth of Third Party Funds
policy in Indonesia, the continued appreciation of the (DPK) in December 2023, while banking loan increased
Rupiah exchange rate was driven by foreign portfolio by 10.38%. The increase in lending/financing was due
inflows, attractive returns on domestic financial assets, to increased loan demand, which aligned with stable
and a positive economic outlook. Meanwhile, inflation corporate and household performance. In December
remained under control, at 2.61% compared to 5.51% 2023, Sharia financing increased by 15.80%, while MSME
the previous year. loan growth was 8.03%. MSME loan growth was mainly
due to the Trade, Agriculture, and Social Services sectors.
BANKING REVIEW
On 2023 Indonesian Economic Report, Bank Indonesia Banking resilience remains strong, as reflected by high
stated that banking liquidity remained adequate, thereby capital and low credit risk. The capital adequacy ratio
strengthening lending capacity in the banking industry. (CAR) was recorded at a high level of 27.65% in December
In December 2023, the Liquid Assets to Third Party Funds 2023. Credit risk also remained under control, with a
(AL/DPK) ratio remained high, at 28.73%. The increase of low non-performing loan (NPL) ratio of 2.19% gross and
liquidity has had a positive impact on banking interest 0.75% net. The stress-test results from Bank Indonesia
rates, with 1-month deposit rate and lending interest show that the country’s banking sector remains resilient
rates at 4.69% and 9.25% in December 2023, respectively. in the midst of global pressures.
Banking liquidity is supported by accommodative
macroprudential policies, such as the Macroprudential
Banking Interest Rate Banking Industry CAR and NPL
% %
12 30 5
27.65
10 25
4
9.25 8 20
3
8.86 2.19
6 15
2
5.13 4 10
4.69 2 0.75 1
5
0 0 0
3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12 3 6 9 12
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Deposit Interest Rate Credit Interest Rate CAR NPL Bruto (right hand side) NPL Neto (right hand side)
1-Month Time Deposit Interest Rate Working Capital Loan Interest Rate
Source: Bank Indonesia Source: OJK, Bank Indonesia
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CIMB NIAGA’S POSITION IN THE INDONESIAN In terms of funding, CIMB Niaga remains committed
BANKING INDUSTRY to increasing the proportion of low-cost funds, or
Facing 2023, CIMB Niaga has repeatedly achieved good Current Account Saving Accounts (CASA). The Bank’s
operational and financial performance while maintaining primary strategy for encouraging CASA growth remains
sustainable development in the Bank’s transformation. optimization of digital technology use. CIMB Niaga’s
In line with the resilient and growing domestic economy, CASA ratio increased to 63.86%, while the industrial
CIMB Niaga maintains its business focus on the 5 Pillar CASA ratio decreased from 63.30% to 63.04% in 2023.
Strategy to achieve business potential while the national The Bank’s NIM was 4.40%, while the average NIM in the
economic growth. banking industry was 4.81%.
The Bank’s performance achievements in 2023 is CIMB Niaga has improved its credit quality significantly by
reflected on a proactive approach to the principle of achieving a record-low gross NPL of 1.96% in 2023, from
prudence in maintaining asset quality, which has been 2.80% in 2022. The bank’s CAR ratio increased 183bps to
effectively implemented. This is also supported by well- 24.02%, while the banking industry’s CAR increased to
managed operational income and cost control, allowing 27.65% from the previous 25.66%.
the bank to maintain double-digit return on equity (ROE)
of 15.02% in 2023, an increase from 12.59% in 2022. In The sustainability in implementing the 5 Pillar Strategy
the midst of rapidly changing conditions, CIMB Niaga has been shown to be relevant until the end of 2023,
continue to provide profitability and attractive returns on allowing the Bank to maintain its performance while
capital to shareholders while strengthening capital and also capitalizing on opportunities for further growth.
liquidity ratios. CIMB Niaga managed to record a consolidated net profit
of Rp6.6 trillion as of 2023, an increase of 28.54% from
Rp5.1 trillion in the previous period.
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Business Segment Overview
CORPORATE BANKING
CIMB Niaga’s vision for Corporate Banking is “to become the Middle East, which has triggered high inflation and
the first corporate banking choice in Indonesia that tightening liquidity globally. This recent development
offers excellent financial services to customers at local prompted the world’s central banks to increase interest
and regional levels” with two unique value propositions, rates, which caused the Rupiah exchange rate to
namely: depreciate deeper. These economic conditions meant
• By utilizing regional strength through the ASEAN that banks in Indonesia had to continue implementing
footprint, CIMB Niaga as a bank has a strong regional the precautionary principle.
footprint that spans across 7 countries with large
economies (including Indonesia) in the Southeast Corporate Banking during 2023 will continue to focus
Asia region, where we have strong connectivity edges on maintaining the quality of the existing portfolio by
through the CIMB Group. prioritizing monitoring activities of the affected customer
• By utilizing the advantages of our banking services, industry sectors through intensive communication with
namely Complete Service through Advanced Digital customers and increasing the intensity of early warning.
Capabilities, we continue to strive to build a leading
and preeminent digital platform for the satisfaction Corporate banking growth is carried out by providing
of our customers now and in the future. selective banking facilities to support the business
development and business of customers, both private and
STRATEGIES AND POLICIES state-owned enterprises. Corporate banking growth was
In 2023, as it continued to develop, the Corporate contributed by sectors such as real estate, manufactured
Banking segment encountered various macroeconomics goods as well as participating in government programs
challenges during the recently unfavorable landscape that by financing national strategic projects including the
was marked with weaker global markets as the aftermath utility sector (Power & Electricity), Transportation and
of the Russian-Ukrainian war and heated conflicts in Telecommunications.
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In addition, Corporate Banking also continued to
strive to improve its digital capabilities through digital
development through the BBS (Business Banking
Service)/One API (Application Programming Interface)
In 2016, Sompo and CIMB formed a strategic
module, which is designed to provide solutions to give regional partnership spanning Indonesia,
customers easier access to the Bank’s services so they Malaysia, Singapore, and Thailand. Through this
can make safer and more convenient transactions. alliance, with Sompo’s expertise in insurance
and CIMB’s distribution network and customer
Corporate Banking also continued to strive to increase insights, this collaboration enhanced our collective
engagement with customers through account planning capabilities to provide comprehensive protection
activities, which aimed to explore more customer needs and solutions to a broad retail customer base in
Indonesia.
and increase cross-selling opportunities through an array
of customer-aspired products. By leveraging CIMB’s strong brand presence
and expansive distribution network as a leading
private bank in Indonesia, we have gained valuable
FINANCIAL INSTITUTION insights and effectively addressed the diverse
CIMB Niaga has a special unit, namely the Financial needs of CIMB’s esteemed customers.
Institutions Group (FIG), which provides special
Here’s to continue prosperity and enduring
expertise to support the Bank’s business development success for CIMB Niaga in the years ahead.
in accordance with industrial diversity pursuant to OJK
regulations. FIG also handles customers in the banking
segment, including local banks, foreign banks, and
regional banks, while also serving customers in the Non-
Bank Financial Institutions (NBFI) segment, including Yolanda Widjaja
securities companies, investment managers, insurance
companies, pension funds, multi-finance companies, and Sompo Insurance
Self-Regulatory Organizations (SROs). Sales Director
Among the many strategies FIG devised in 2023 was
the account planning initiative. With this initiative,
FIG sought to better understand customer needs and FIG CIMB Niaga was also re-appointed by KSEI as
increase cross-selling opportunities. FIG also launched “Payment Bank and RDN Bank (Customer Fund Account)”
other initiatives to support business growth, automation, for Custodian Settlement for the 2024-2029 period.
and improvements in order to achieve a more efficient To support this collaboration, CIMB Niaga perform
business process. The initiatives placed CIMB Niaga in 4th innovation in 2023 which marks the transformation
place in the Mutual Fund market share segment, whose of CIMB Niaga Securities Services, from new system
majority were corporate customers engaged in the FIG functionalities, capabilities and the restructured team to
segment. FIG also increased collaboration with CIMB deliver a better custody solutions for clients.
Kuala Lumpur-based Securities Services to penetrate
global funds. FIG also made other achievements than the above
during 2023, when it became the largest fee income
contributor in the Business Banking segment. FIG closed
some important deals in Asset Management, Securities
and Multi Finance which enabled the FIG team to achieve
both its Non-Interest Income and loan targets with well-
managed asset quality.
2023 PERFORMANCE
In 2023, Corporate Banking earned a total net interest
income of Rp2.7 trillion, down 8.73% from Rp2.9 trillion
in the previous year. Profit before tax was recorded at
Rp3.1 trillion, up 8.00% from Rp2.9 trillion, while other
operating income reached Rp1.4 trillion, up 34.34% from
Rp1.0 trillion in the previous year.
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Net Interest Income Other Operating Income Profit Before Tax
(in trillion Rupiah) (in billion Rupiah) (in trillion Rupiah)
2.8 2.9 1,367.6 3.1
2.7 2.9
1,018.0 2.4
815.8
2021 2022 2023 2021 2022 2023 2021 2022 2023
of syndicated loans transactions of around Rp16.9 trillion
and USD6.8 billion. Several significant syndicated loans
transactions participated, including PT Pertamina Hulu
Energi, PT Plaza Indonesia Realty & PT Plaza Indonesia
PT Freeport Indonesia has been doing business Investama, PT Multipolar Tbk, dan PT Samator Indo Gas
with CIMB Niaga since 1994, making one of the Tbk & PT Samator Gas Industri.
first local banks that stay steadfastly committed to
providing supports for our company’s transaction
activities in operations. LOANS QUALITY
Corporate Banking continues to increase the intensity
We really appreciate the support of CIMB Niaga
for the wonderful services the bank has tailored
of communication with customers and the intensity of
to our company’s financial needs. We see how the early warning indicators. Running parallel, Corporate
Bank’s reliable BizChannel internet banking and its Banking remains open to new customers, but acquiring
courteous support at the Kuala Kencana Branch
and 3 cash offices helps PT Freeport Indonesia’s
new customers is done selectively, specifically for those
Tembaga Pura mine site with its operations. that demonstrate strong performance and potential,
This further shows that CIMB Niaga is a national with due regard to the prudent approach in the customer
bank that is capable of servicing the needs of
its diversified customers segments, including
onboarding process. In 2023, Corporate Banking had a
corporations. gross NPL of 0.49%.
We’d love to see CIMB Niaga further expand in
the future, and offer us the customers with more
CUSTOMER DEPOSITS
innovative financial solutions. In 2023, Corporate Banking recorded total customer
deposits of Rp60.5 trillion, with a CASA achievement of
Rp40.3 trillion. Current account products were recorded
at Rp39.8 trillion, and savings products at Rp0.4 trillion.
The composition of Corporate Banking CASA also
Jenpino Ngabdi continued to increase, from 64.44% to 66.57% of total
Corporate Banking customer deposits. Meanwhile, time
deposits reached Rp20.2 trillion.
PT Freeport Indonesia
Vice President Director
CORPORATE BANKING HR
CIMB Niaga believes that Human Resources (HR) is a
very important element in supporting business growth.
LOANS DISTRIBUTION Therefore, CIMB Niaga always strives to improve
In 2023, Corporate Banking distributed a total loans the quality of human resources to make them more
of Rp83.4 trillion, or around 39.10% of the total loans productive and have integrity in the banking world. In
provided by the Bank. This is a higher figure of 11.66% Corporate Banking as well as other segments, efforts
than the previous year’s Rp74.7 trillion. Working capital to develop the quality of human resources include
loans was recorded at Rp32.9 trillion, while investment various structured education and training programs
loans reached Rp50.6 trillion. both inside and outside Indonesia. The lectures given in
the education and training programs were focused on
Corporate Banking recorded a Sharia financing increasing loans competency as well as industry-specific
composition that reached Rp15.0 trillion and contributed insights with due attention to regulatory compliance and
18.02% of total Corporate Banking loans. During 2023, other risk aspects.
Corporate Banking also participated in several syndicated
loans transactions, with a total estimated transaction of
Rp2.3 trillion and USD532.5 million from the total volume
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PLANS, STRATEGIES AND POLICIES 2024
Welcoming 2024, the Corporate Banking segment has
made plans, focused efforts, and strategies after weighing
in on the next year’s macroeconomics challenges. For
its loan products, Corporate Banking’s main focus is to PT Multipolar Tbk (MPC), founded in 1975, is
improve the portfolio monitoring process with more a strategic investment holding company that
manages an investment portfolio focused on
effective communication and better implementation consumer and digital segments, such as retail,
of early warning indicators for its existing customers. financial services, and technology.
Corporate Banking will also be more selective in acquiring
Our company’s relationship with CIMB Niaga
new customers, with a priority placed on a prudent began in 2005, and we have always regarded it
approach and a greater focus on prospective customers as a reliable partner that provides a wide range
with a proven reputation. of banking products and services for a variety of
needs, including financing, debt & capital markets,
foreign exchange, and cash management.
Apart from the loan side, Corporate Banking will also
further increase the amount of its customer deposits, We are very pleased with the quality of the
products and services provided by CIMB Niaga,
especially low-cost funds, by prioritizing CASA growth and we appreciate their dedicated support. We
with more emphasis on CASA for transactional needs. would like to see more of the bank’s innovations
Further, besides serving customers, Corporate Banking and expansion as it strives to become an industry
leader, and we hope to continue to collaborate and
will improve digital services through BizChannel@cimb grow together in the future.
products, Application Programming Interface (API)
connectivity to our main partner, Gateway@cimb, and
also host-to-host virtual accounts.
Fendi Santoso
PT Mutipolar Tbk
CFO
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TREASURY AND CAPITAL MARKETS
CIMB Niaga Treasury and Capital Markets consistently is driven by economic recovery and government policies.
offers investment solutions that prioritize customer risk In general, Treasury and Capital Markets segment
preferences. CIMB Niaga Treasury and Capital Markets development policy is always focused on customer needs
provides benefits for foreign exchange and derivative and government-sponsored programs.
transactions, as well as investment opportunities
in securities and Structured Products. CIMB Niaga’s 2023 PERFORMANCE
Treasury and Capital Markets contributed approximately In 2023, CIMB Niaga’s Treasury and Capital Market
15% of the Bank’s revenue, which is higher than the recorded foreign exchange and derivative income was
banking industry average of approximately 5%. Rp1.2 trillion, and income from securities investments
reached Rp648.8 billion.
STRATEGY AND POLICY
The increase in the benchmark interest rate scheduled The increase in the benchmark interest rate resulted in
for 2023 reduced the Net Interest Margin of treasury and a decrease in Net Interest Income (NII). Meanwhile, non-
Capital Market investment portfolios. Increased interest interest income (NoII) is quite stable, especially from
rates lead to higher customer returns and increased foreign exchange transactions, bond investments, and
competition from other investment products. hedging, which are increasing in line with the economic
recovery and the trend of interest rates, which had a
Dealing with the challenges that occurred in 2023, tendency to increase in 2023.
Treasury and Capital Markets have set a goal of
developing sustainable Treasury products to increase
investment options for customers, as well as to meet the
growing demand for exchange rates and hedging, which
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Gain on Foreign
Exchange and Derivative Gain on Investment in
Transactions Marketable Securities
(in billion Rupiah) (in billion Rupiah)
1,464.2 999.2
1,150.4 757.3
648.8
836.9
2021 2022 2023 2021 2022 2023
TREASURY AND CAPITAL MARKETS AS 4. Par Forward. It is an alternative hedging transaction
LIQUIDITY MANAGEMENT for the risk of future exchange rate fluctuations. This
Treasury and Capital Markets, the Bank’s liquidity product combines several FX Forward transactions
managers, diversify funding by issuing debt securities into a single contract.
in the Capital Market for stable long-term funding and 5. FX Call and Put Options. It is the right to purchase
extending the duration of the Bank’s liabilities. With an or sell one currency for another at a predetermined
adequate liquidity situation in 2023, the Bank paid off all exchange rate, amount, and maturity date.
maturing bonds using available third-party funds and did 6. Call Spread Option. It serves as a hedging instrument
not issue any new obligations. against the risk of exchange rate fluctuations. This
instrument allows customers to buy and sell options
TREASURY AND CAPITAL MARKETS PRODUCT with the same contract value but different strike
AND SERVICES rates.
Treasury and Capital Markets offer a wide range of
products that are relevant and valuable to institutional INVESTMENT PRODUCTS
and individual customers, and these products continue 1. Market Linked Deposits (MLD) are structured products
to develop in response to customer demands. The bank that combine derivatives and time deposits. This
offers the following products and services: product improves yield while providing 100% principal
protection. MLD is flexible and liquid (CIMB Niaga
ROUTINE TRANSACTIONS provides a disbursement price quote daily). MLD is
Routine transactions include daily foreign exchange divided into two types according to the underlying
transaction services like FX TODAY, FX TOM, FX SPOT, and asset: interest rate-based and foreign exchange-
bank notes. based.
2. Depo Swap is a Structured Product that offers
HEDGING PRODUCTS yield enhancement as well as a guarantee of 100%
Products to protect financial performance from the risk protection of the principal amount and combines
of fluctuations in interest rates and exchange rates, using time deposits with foreign currency-based derivative
the best products, include: instruments/FX Swaps.
1. Interest-rate swap (IRS). Products that offer hedging 3. Strike currency is a Structured Product that represents
contracts for long-term loan interest rate movements derivative transactions in the form of currency options
to avoid future losses caused by unpredictable with a target rate (strike price).
interest rate movements. 4. Bonds. CIMB Niaga serves as a counterparty for
2. Cross-Currency Swap (CCS). Products that provide government bond transactions, including Indonesian
contracts for the purpose of exchanging principal Retail Bonds (ORI) and Indonesian Retail Sukuk (SRI),
and interest rates for two different currencies over a as well as corporate bonds.
specified period. 5. Bond Linked Investment is a Structured Product that
3. Fx Forward. This is a conversion transaction, or the combines non-derivative instruments (Deposits)
sale and purchase of a foreign currency against the and derivative instruments (Bond Options) and is
Rupiah or other currencies, with a settlement date denominated in Rupiah. Customers who invest in
that is more than 2 working days from the transaction
date.
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this product can benefit from an increase in the NETWORKS, SERVICES, AND OPTIMIZATION
benchmark bond price as an additional product return OF INFORMATION TECHNOLOGY
by exercising an option with an exercise price that is Treasury and Capital Markets currently have a network
higher than the strike price. spread across 6 major cities in Indonesia, including
Jakarta, Medan, Bandung, Solo, Surabaya, and Bali. All
NEW PRODUCTS IN 2023 Treasury and Capital Market products are available at
Treasury and Capital Markets introduced new products most CIMB Niaga branches across Indonesia. Treasury
in 2023, such as Repo to Maturity, MLD XTra FX IDR, Swap and Capital Markets will focus future development efforts
Depo IDR, and Strike Currency IDR. in Eastern Indonesia and other areas with high business
potential.
SUPPORT FOR GOVERNMENT PROGRAMS
Treasury and Capital Markets continue to support a To provide better services to customers, Treasury
variety of government banking programs. In 2023, in and Capital Markets are also optimizing the use of
accordance with the implementation of Government information technology to allow customers to conduct
Regulation (PP) Number 36 of 2023 on Foreign foreign exchange transactions online in real time, with
Exchange Proceeds from Exports from the Exploitation, no time or location restrictions. Optimizing the use of
Management, and/or Processing of Natural Resources information technology aims to reduce operational risk
(SDA), Treasury and Capital Markets are ready to and improve the customer experience by making it easier
participate in accommodating Natural Resources Export for customers to conduct various types of transactions
Earnings (DHE-SDA) by developing a financing solution using electronic media. Treasury and Capital Markets
package that includes the provision of export credit and will continue to develop and use information technology,
other financing schemes. both to automate Treasury transactions and to lead
generation, which may help in acquiring customers and
CIMB Niaga supports the implementation of this PP and exploring customer needs.
believes it will benefit the Indonesian financial system
because the requirement to place funds domestically PLANS, STRATEGIES, AND POLICIES FOR 2024
may increase foreign exchange liquidity in banks. The In 2024, Treasury and Capital Markets will implement a
Bank will also actively participate in socialization and number of strategies and plans to expand market share
contribute to the growth of DHE-SDA and Local Currency and improve the quality of the customer experience.
Settlement /Local Currency Transactions in Indonesia. Some of the strategies that will be implemented include
a continued focus on increasing foreign exchange
and securities income, developing foreign exchange
transactions and investment products that meet
customer needs, as well as supporting the government in
developing financial markets and maintaining exchange
PT Semesta Alam Barito (SAB) is the holder of rate stability.
a Coal Production Operation Mining Business
License (IUP-OP) that covers a total land area of
5,105 Ha in Laung Tuhup, Murung Raya, Central
Kalimantan. SAB and CIMB Niaga have been doing
business since 2018.
SAB has used some of the bank products including
Bizchannel and Bank Guarantee. Bizchannel is
one of the best internet banking products offered
in the market. SAB is currently exploring several
other products of CIMB such as trade financing
(LC) Niaga for future needs.
We hope to see CIMB Niaga growing stronger with
greater success.
Imelda Adhi Saputra
PT Semesta Alam Barito
President Director
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TRANSACTION BANKING
During 2023, Transaction Banking implemented efficient in providing services to all levels of Indonesian
strategies and policies that are supported by a variety society.
of sustainable developments and innovations, with the
aim of consistently providing the best customer service Transaction Banking continues to seek ways to
possible. Transaction Banking also focuses on improving address existing challenges and improve operational
back-end system capability to maximize efficiency efficiency in internal businesses through work process
and customer service satisfaction through system enhancements. Transaction Banking also continues to
innovations, document simplification, and internal improve its products by focusing on providing the best
process re-engineering. customer service possible, backed up by a strong digital
platform. In 2023, Transaction Banking continued to
STRATEGY AND POLICY implement several strategies and policies in order to
In 2023, the Indonesian economy demonstrated provide the best possible customer service while also
robust expansion despite global uncertainty, economic encouraging the development of products that can help
deceleration, and escalating geopolitical conflicts. The CIMB Niaga generate low-cost funding and fee-based
strong economic growth is sustained by the resilience income, as shown below:
of the domestic economy, specifically due to enhanced 1. Digital Transformation, accelerating digital
mobility and people’s purchasing power. transformation in the form of digital innovations in
products and services.
The banking industry plays an important role in 2. Trade Journey, the process of re-engineering the
Indonesia’s economic growth, particularly through the capabilities of the Trade Finance back-end system
provision of a safe, stable, and reliable payment system. to optimize service efficiency and satisfaction for
As a result, Transaction Banking recognizes and meets customers.
these needs by implementing digital innovations in its 3. Custodian System Transformation, implementation
products and services while maintaining the integrity of of the latest features and technology in the custodian
customer data, as well as becoming more effective and business to improve the customer experience and
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support the growing business activities of customers In domestic trade transactions, Transaction Banking
using custodian services. also develops a payment system that aims to support
4. Main Operating Current Account (MOCA), the higher the growth of customers’ businesses. In this case, the
the frequency of customers’ operational transactions, Bank will be able to expand the market and overcome
the greater the contribution of low-cost funds and customers’ limitations by using a payment system
fee-based income. supported by a strong electronic banking platform to
5. Intensification of cross-selling through product track the status of invoices, payments, and others.
bundling.
6. Programs & Campaigns, launching of programs that SECURITIES SERVICES
are tailored to customer segments and needs. Transaction Banking provides securities services, which
include custody and fund administration services.
CASH MANAGEMENT Securities services are provided to CIMB Niaga’s non-
The number of active users of BizChannel@CIMB as an retail customers in the Non-Bank Financial Institutions
internet banking platform for non-retail customers is segment, which includes customers in the insurance
increasing. As a result, CIMB Niaga continues to strive to sector, securities companies, asset managers, and
meet customer expectations while also incorporating the pension fund managers.
most recent advances in information technology, which
drives the Bank’s operating accounts to grow. In 2023, In addition, Securities Services also provides Customer
Transaction Banking placed a strategic emphasis on the Fund Account services for investors through securities
following Cash Management services to help with this firms and payment bank or bank settlement services. In
effort: accordance with the mandate granted by the Indonesian
1. Digitalization, through product innovation and Central Securities Depository (KSEI), CIMB Niaga is the
banking processes, one of which is the development only bank in Indonesia appointed as a cash settlement
of the API ecosystem. bank for foreign currency transactions that occur in the
2. Targeted Campaign, to stimulate customer product capital market. CIMB Niaga is committed to continuing to
activities, programs that are tailored to customer maintain customers’ confidence in this mandate, where
segments and needs were launched. CIMB Niaga is one of the settlement banks with the
3. Cross Sell, instilling the culture of cross-selling to largest market share in Indonesia.
increase product retention and customer preference
for banking transactions with CIMB Niaga. CIMB Niaga continues to develop Securities Services
4. Flexible Solution, providing comprehensive cash as one of the main products of Transaction Banking to
management solutions that cater to the banking increase its fee-based income for CIMB Niaga as well as to
needs of customers. help increase customer deposits from current accounts.
5. Main Operating Current Account (MOCA), the higher
the frequency of customers’ operational transactions, This development is a manifestation of the Bank’s
the greater the contribution of low-cost funds and commitment to providing optimal customer experience
fee-based income. services through the latest features and technology.
For this reason, Securities Services launched the latest
TRADE FINANCE AND SUPPLY CHAIN custodian service system in 2023, which is complemented
CIMB Niaga’s Transaction Banking segment offers a with the latest features and technology to support the
range of Trade Finance services to support customers’ business activities of customers using custodian services
export-import transactions. Trade Finance products can and to facilitate the management of their business
fully meet customers’ banking needs that are tailored to portfolio. This system innovation is expected to rapidly
their preferences, both conventionally and under Sharia generate Securities Services business growth with a
contracts. The product line includes letter of credit, greater contribution to the Bank.
bank guarantees, and trade working capital solutions
such as trust receipts, import and export financing, risk
participation, and supply chain financing.
During 2023, Trade Finance continuously implements
the strategic focus to provide solutions for customers
through the ease of disbursing trade facilities. CIMB Niaga
also continuously develops collaboration within the CIMB
Niaga customer ecosystem by providing support for
trade finance and supply chain financing.
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In Cash Management services, the number of active
BizChannel@CIMB users grew by 5.03% in 2023
compared to the previous year. This achievement had a
We have long worked with CIMB Niaga under
positive impact on the increase in total ending of current
banking collaboration where we use its Trade accounts balance by 5.07% compared to the previous
Finance, Working Capital, Current Account, and year. Remittance transactions also grew by 107.59% in
BizChannel/Internet Banking facilities. Ever since,
we’ve enjoyed many benefits, including the use of
2023 compared to the previous year. In addition, there
Trade Finance facility in the procurement of our was a 122.63% increase in the value of Corporate Card
imported CKD and CKD Kit H1, Working Capital transactions compared to the previous year.
facility to support our operations, and Current and
BizChannel Accounts for transactional needs.
In Trade Finance services, there was a growth in the
We remain optimistic, and look forward to CIMB average Trade Finance loan balance in 2023, namely
Niaga’s faster, more responsive, and best services
going forwards with very competitive banking fees
an increase of 39.00% compared to the previous year.
and interest rates. In addition, there was also a 5.10% increase in the
use of contingent products compared to the previous
year. Moreover, for Securities Services, there was also
an increase of 12.73% in managed assets balance for
Custody Services in 2023 compared to the previous year.
Denny Siregar
PENGHARGAAN
CIMB Niaga Transaction Banking in 2023 achieved
PT Handal Indonesia Motor
President Director
external recognition in the form of the following awards:
1. The Asset Triple A Treasurise Awards 2023 as Best
Service Provider - Cash Management in Indonesia.
2. SWA – Indonesia Best Business Transformation 2023.
STRATEGIC COOPERATION
In addition to implementing strategies and policies as PLAN, STRATEGY, AND POLICY FOR 2024
previously mentioned, the Transaction Banking business Going forward, the focus of the Transaction Banking
segment is also implementing sustainable CIMB Niaga business plan in 2024 is to carry out several matters,
products and services in 2023, one of which is carried out among others:
by establishing strategic cooperation with several large 1. Innovation & Digitalization, carry out continuous
corporations. The cooperation includes: product innovation using the latest technology,
1. Cash Management strategic collaboration with tailored to customer needs.
SupperApp and Fintech provider customers through 2. Customer Experience, carry out re-engineering of
direct integration solutions for both payment and business processes and product development in
identification of incoming money (an end-to-end a sustainable manner in order to provide service
digital cash solution). efficiency and increase customer satisfaction.
2. Strategic collaboration with car manufacturers in 3. Customized by Industry, identifying and offering
providing Omnibus Trade facilities as a manifestation banking products and services tailored to the needs
of CIMB Niaga’s support to meet the increasing of each customer’s industry profile.
transportation needs, which is in line with the 4. Account Planning, improving strategic synergies,
recovery of the automotive and tourism industries and coordinated product cross-selling among CIMB
after the COVID-19 pandemic. Niaga business units to maximize profitability from
customers.
PERFORMANCE IN 2023
In 2023, the Transaction Banking business
segment delivered a satisfactory performance. This
accomplishment is supported by successful expansion
and penetration into business communities for a variety
of businesses. The implementation and policies, as
well as strategic collaborations undertaken to address
various banking challenges, have a positive impact on the
management of Cash Management, Trade Finance, Value
Chain, and Securities Services products.
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COMMERCIAL BANKING
CIMB Niaga Commercial Banking offers the best Commercial banking recognizes the importance of
solutions, comprehensive services, and a wide range of making strategic changes in response to macroeconomics
products to meet the needs of its customers for their dynamics. To that end, in 2023, Commercial Banking
business development. With an extensive network focused more on growth in specific sectors while also
within the country and the ASEAN region as part of the maximizing efforts to improve the quality of its portfolio.
CIMB Group, Commercial Banking serves as a strategic Being proactive in risk management and portfolio
partner for customers by relying on a comprehensive diversification became critical for Commercial Banking
business banking ecosystem supported by innovative to continue growing and contributing to Indonesia’s
digital banking capabilities and a satisfactory customer economic development.
experience.
In 2023, CIMB Niaga implemented five major strategic
STRATEGIES AND POLICIES pillars, including focusing on increasing the customer base
Indonesia’s macroeconomics landscape in 2023 was in profitable segments, CASA growth, cost management
defined by two major challenges: rising interest rates discipline, capital adequacy, and asset quality, as well as
and inflation. Despite these challenges, the Commercial increasing digital capabilities and innovation with cutting-
Banking segment has shown remarkable resilience and edge technology and providing a wide range of services
adaptability. to customers.
The rise in the benchmark interest rate affected interest In line with this, Commercial Banking continues to
income; however, Commercial Banking anticipated this optimize its products and services as appropriate
by implementing a product and service diversification business solutions, providing customers with a variety
strategy. This is demonstrated by loans growth of 3.87% of conveniences to help them achieve their business
in 2023, indicating customer trust in Commercial Banking goals and opportunities. Commercial Banking also
as a reliable financial partner. offers comprehensive solutions for almost every type of
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financing, including investment, working capital, trade, In addition to this positive achievement, Commercial
cash management, and treasury. Banking’s total loan disbursements increased by 3.87%
in 2023 to Rp33.1 trillion from Rp31.9 trillion in 2022.
Commercial Banking has faced another challenge as Working capital loans accounted for Rp23.8 trillion of the
business development has not been optimal since the total loan disbursement, an increase of 8.83% from 2022,
pandemic. To address this issue, Commercial Banking has when they accounted for Rp21.9 trillion. Furthermore,
identified target markets based on industrial sectors and successful investment loan disbursements in 2023
regions with strong potential for continued development. totaled Rp9.3 trillion, a 6.97% decrease from Rp10.0
trillion in the previous year.
PERFORMANCE IN 2023
After navigating challenging times during the COVID-19 Total Commercial Banking customer deposits in 2023
pandemic, Commercial Banking was able to significantly totaled Rp21.5 trillion, a 20.30% increase from Rp17.9
improve loans quality, as evidenced by an improvement trillion in 2022. Current accounts increased by 32.51%
in the NPL ratio from 7.7% in 2022 to 4.1% in 2023. The to Rp12.5 trillion from Rp9.4 trillion, while saving
decrease in this ratio demonstrates that Commercial deposits increased by 0.38% to Rp0.83 trillion from
Banking has effectively managed its loans risk, resulting Rp0.82 trillion. This achievement contributed to driving
in a stronger and more stable financial position while a 29.92% increase in CASA from Rp10.2 trillion in 2022 to
also helping to protect the Bank from potential losses. Rp13.3 trillion in 2023. Deposits in Commercial Banking
This effort is consistent with Commercial Banking’s increased by 7.39% to Rp8.2 trillion from Rp7.6 trillion in
commitment to providing quality financial services to 2022.
customers.
CASA Customer Deposits
(in trillion Rupiah) (in trillion Rupiah)
13.3 21.5
17.9
17.1
10.5 10.2
2021 2022 2023 2021 2022 2023
Net interest income in 2023 was posted at Rp2.2 trillion, an increase of 72.50% from the previous year’s Rp1.3 trillion.
Furthermore, other operating income was posted at Rp806.6 billion, increasing 170.60% from the previous year Rp298.1
billion. Commercial Banking’s profit before tax increased by 64.24% to Rp1.1 trillion, compared to Rp0.7 trillion in 2022.
Net Interest Income Other Operating Income Profit Before Tax
(in trillion Rupiah) (in billion Rupiah) (in billion Rupiah)
2.2 806.6 1,115.0
1.7
1.3 678.9
635.0
298.1
180.1
2021 2022 2023 2021 2022 2023 2021 2022 2023
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PLANS, STRATEGIES, AND POLICIES FOR 2024
Going forward, Commercial Banking will continue
to make improvements through new and innovative
initiatives, as well as continuing programs, strategies,
Pasifik Internusa’s collaboration with CIMB Niaga
for more than a decade has become our success and business policies that are running well. Some of the
story. plans and strategies that will be carried out in the future
include:
As a distributor of ICT products, Pasifik Nusantara
has enjoyed the comfort of using various CIMB 1. Increasing business growth in a comprehensive
Niaga financing facilities, including its distributor manner, both on the loans and deposit side, through
financing services.
programs designed to provide more attractive
CIMB Niaga has been a supporter of our business benefits for customers.
growth with its extensive branch network. The 2. Increasing engagement with customers through
addition of new branches has made access and
cross-selling and creating attractive programs for
services closer to our business needs in various
regions. customers who are actively transacting at the Bank
and through a more comprehensive feature on the
We look forward to collaborating more, and our
cash management system used by the customers.
next one should not be just about transactions,
but also about building a future together. 3. Increasing the Macroprudential Inclusive Financing
Ratio (RPIM) portfolio, through:
a. Linkage cooperation with BPR for loan
disbursements to the MSME sector and low-
income individuals (PBR), as well as with plasma
Richard Pallar and cooperatives that are assisted by the Corporation
Ronny Pallar (core company) in the development of palm oil
plantations, which aims to improve the welfare of
farmers.
PT Pasifik Internusa b. Collaboration with corporations in terms of
CEO and Commissioner
financing for suppliers and distributors who are
in the MSME sector.
LINKAGE COOPERATION SCHEME 4. Increasing the financing of sustainable finance to
Since early 2000, Commercial Banking has cooperated reduce the pressure on the environment (climate
with the linkage scheme. In 2023, the linkage scheme change), through attractive programs for customers
was focused on collaborating with Bank Perekonomian implementing sustainable business practices, both
Rakyat (BPR) and Koperasi Unit Desa (KUD) to implement in terms of the processes as well as the products
the core-plasma pattern on palm oil plantations. This produced.
linkage scheme encourages Commercial Banking to 5. Internal system improvement to increase the
support an increase in the Macroprudential Inclusive efficiency of the loan process and minimize several
Financing Ratio (RPIM). manual processes. From the customers’ perspective,
this will enhance the customer experience in loan
CIMB Niaga will selectively carry out financing applications, as the required process can be reduced.
cooperation with BPRs based on the criteria established 6. To maintain good asset quality, Commercial Banking
by Commercial Banking, offering competitive interest develops its existing business models, by expanding
rates. In terms of funds, Commercial Banking offers the sectors that are the target market of the business.
digital cash management services to help BPR activities. In addition, predictive tools as an early warning for
In 2023, BPR linkage-based financing was recorded at loans quality that may worsen are also continuously
Rp2.8 trillion, an increase of 39.7% compared to 2022. being improved.
Moreover, for the core-plasma pattern in palm oil
plantations, Commercial Banking cooperates with KUD,
which is supported by large companies with extensive
experience in the palm oil sector, to act as the core. This
will minimize risks and maintain good asset quality.
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EMERGING BUSINESS BANKING (EBB)
In line with Indonesia’s economic growth after the COVID-19 Through the OCTO Smart application, EBB also explores
pandemic, CIMB Niaga’s Emerging Business Banking (EBB) customer cross-selling potential and assists our marketing
segment can continue to show an increase in the financing unit in carrying out monitoring activities. The Bank’s
portfolio of Small and Medium Enterprises (SMEs), by latest innovation is the OCTO Friends, which now also
continuing to make maximum efforts in providing the best reaches SME customers in the form of a digital platform
support through Banking Products and Programs that are to facilitate the general public in referring family, friends,
oriented towards solutions for customers’ business capital and relatives to obtain CIMB Niaga products quickly and
and investment needs while always applying prudential accurately.
principles.
Enhancements to the loans process are also one of EBB’s
STRATEGIES AND POLICIES focus in prioritizing speed and accuracy in processing
Throughout 2023, CIMB Niaga gave great consideration to new customers financing application.
digital transformation to prioritize an optimal customer
experience. This is supported by OctoBiz, OCTO Clicks, and To prioritize financial inclusivity, EBB also strengthens
OCTO Mobile as digital-based transaction services that partnerships with Financial Technology (Fintech)
can be used by SME customers to conduct transactions companies as a strategy. Sustainability is one of main
in a comfortable and safe manner. Our Marketing Unit focus of EBB in 2023. One of our superior products,
is also equipped with the OCTO Smart application, which Giro Kartini, provides access to women entrepreneurs
has features that are continuously enhanced, one of through three (3) main features: a competitive product
which is to maximize customer flexibility and mobility in and current account service interest rate scheme; the use
opening accounts/applying for financing without having of e-statements to support environmental preservation;
to go to the branch office. and donations to the women entrepreneur community
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with each Giro Kartini account opening. EBB’s efforts to b. Focusing on the Customer Experience of SME
promote financial inclusion have received international customers through superior products with
recognition, namely the Asian Banking Finance & Asian Unique Propositions that are complemented with
Trailblazer awards. full exposure to attractive product and program
offerings as outlined in the Product and Service
In 2023, EBB held Kejar Mimpi Lokal Berdaya in 3 cities Information Summary (RIPLAY)
such as Makassar, Surakarta, and Denpasar that were c. Utilizing the internal customer base in Corporate
participated by 120 SME merchants, 1973 entrepreneurs, and Commercial Banking as well as externally
and attended by more than 5,000 visitors. Kejar Mimpi through collaboration with FinTech to intensify
Lokal Berdaya is ready as a business development support business penetration, both in terms of funding
by providing mentoring session for entrepreneurs and and financing.
SME products exhibition that aspire entrepreneurs to d. Continuing cross-selling of various products at
build up connection and collaboration. CIMB Niaga, enabling it to become a one-stop-
financial solution service for potential customers.
PERFORMANCE IN 2023 e. Carrying out process improvements, including
In terms of performance, total financing in the EBB digital innovation, to improve the quality of
segment was Rp24.9 trillion in 2023, increasing 9.49% service to customers while increasing banking
from Rp22.8 trillion in 2022. productivity.
2. Maintaining loans quality, through:
Total Loans
a. Acquisition of new customers and development
(in trillion Rupiah)
of existing customers in a selective manner while
24.9 continuing to maintain the prudence principle.
22.8
21.1 b. Strengthening the monitoring process for the
quality of assets.
c. Developing systems or tools that are able to detect
early indications of a decline in loans quality.
2021 2022 2023
I have been banking with CIMB Niaga since 2021.
Total customer deposits in the EBB segment reached
I use the BizChannel for business service for my
Rp37.1 trillion, which increased 5.31% from Rp35.3 small business, OCTO Mobile for my personal
trillion the previous year. This success was contributed account, and I have EBB loan products, deposits
and forex transactions almost every month at the
by a 9.44% increase in CASA, from Rp21.9 trillion in 2022
branch.
to Rp24.0 trillion in 2023.
The cooperation I’ve had with the Bank makes me
feel that CIMB Niaga treats me with wonderful
PLANS, STRATEGIES, AND POLICIES FOR 2024 services, especially its s EBB Relationship Manager
Going forward, the EBB segment will continue to who never puts me on long hold and would give
consistently make various efforts to support financing me better offer on loan rates compared to other
banks.
for the SME sector by making CIMB Niaga the preferred
bank for SME customers, which is implemented in the I’d love to see more of CIMB Niaga’s wonderful
following strategic measures: products in the future.
1. Increase business growth (including loan financing,
fund management, and fee-based income),
which focuses on potential small and medium-
scale customers with more effective and efficient Willis Sutanto
processes, includes:
a. Maximizing banking services to customers with
CV Anugrah Sentosa Abadi
the existence of branches throughout Indonesia
Director
and a competent Marketing Unit.
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CONSUMER BANKING
Continuous innovation implemented throughout 2023 loan disbursement to grow significantly. However, as
allowed the Consumer Banking segment to maintain its benchmark interest rates rise, the Bank must exercise
positive performance. Customers’ aspirations for product caution in loan disbursement to avoid a large number
development and sales channels allow the Consumer of non-performing loans, which may have an impact on
Banking segment to remain the most popular in society. loans growth.
Furthermore, several successful collaboration strategies
with key partners were able to accelerate Consumer In response to the adversities of 2023, Consumer
Banking’s growth. Banking implemented focus, strategies, and policies that
could respond to current business developments while
STRATEGIES AND POLICIES also providing the best banking services to customers.
Domestic economic conditions in 2023 were highlighted Consumer Banking aims to increase third-party funds
by strong growth, particularly in the consumption sector, by continuously managing funding costs and optimizing
which was one of the factors that contributed to loan net interest income. Consumer Banking also developed
disbursements growing satisfactorily. Low inflation also digital banking services and expanded its collaboration
allowed for an increase in people’s purchasing power and network with developers and real estate agents in order
mobility, resulting in a steady increase in transactions, to grow its mortgage portfolio.
particularly in the retail sector.
Through Consumer Banking, CIMB Niaga continues
This condition has had a positive impact, particularly on to expand cooperation with multifinances based on
the use of CIMB Niaga credit cards, which have long been a joint financing scheme, including the development
customers’ preferred method of conducting payment of financing products for subsidiaries, one of which is
transactions, both offline and online (e-commerce). the enhancement of the referral program, particularly
This also corresponds to personal loan disbursements. digitally in subsidiaries. The Bank also expanded its
Consumer Banking is noticing that the public is very marketing strategies for Wealth Management products,
positive about the current situation, which has allowed while continuing to use cross-selling and bundling.
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The implementation of the customer-centric culture, 2. Increasing penetration of wealth financing to improve
which always puts customers first in all staff activities, customer portfolio performance and net interest
is also carried out by improving the quality of human income.
resources, particularly marketing personnel in various 3. Strengthening relationships with customers by
segments, such as preferred and retail, with the ultimate providing solutions in terms of wealth transfers and
goal of increasing future business growth. estate planning for both personal and business in
collaboration with third parties.
PRIVATE BANKING 4. Leveraging the CIMB Group platform in a
CIMB Niaga Private Banking Services offers wealth comprehensive manner to provide financial solutions
management services to its customers, including meeting needed by customers.
their diverse needs through a broad regional network in
Singapore, Malaysia, and Thailand (cross-border referral). In 2023, Private Banking continued to grow its business,
CIMB Niaga provides this service to help its customers with Assets Under Management (AUM) increasing by
increase and protect their wealth, as well as meet their 30.05% over the previous year. Non-Deposit AUM totaled
long-term investment goals. Rp5.8 trillion, up 13.30% from the previous year’s Rp5.1
trillion. Placements in customer bond and mutual fund
CIMB Niaga’s Private Banking division also provides a portfolios are consistent with improved performance in
wide range of products, such as private bank accounts, domestic bonds and stock markets. Customer deposits
time deposits, fixed income products, foreign currencies, totaled Rp5.5 trillion, a 40.85% increase from Rp3.9
mutual funds, structure products, treasury products, trillion last year.
protection for individuals, families, and businesses, and
advice on how to pass it down to future generations. CIMB Niaga Private Banking also reported an operating
Private Banking also provides comprehensive solutions income of Rp122.9 billion, an increase of 21.01% from
that address both personal and business needs through Rp101.6 billion the previous year. Fee-based income
a single point of contact for all customers. from the placement of wealth management products
accounted for 43.38% of the total operating income of
In 2023, Private Banking CIMB Niaga implemented the Private Banking. Net interest income was Rp39.2 billion,
following focuses, strategies, and policies: down 9.14% from Rp43.2 billion the previous year, while
1. Continuing the Bank’s main focus to provide the best profit before tax was Rp94.1 billion, up 20.02% from
investment advisory to customers by selecting the Rp78.4 billion the previous year.
best investment products on the market according to
customer profiles.
AUM Non Deposits (Private Banking) Profit Before Tax (Private Banking)
(in trillion Rupiah) (in billion Rupiah)
5.8 94.1
5.0 5.1
78.4
74.7
2021 2022 2023 2021 2022 2023
CONSUMER BANKING SEGMENT OPERATIONAL PERFORMANCE
MORTGAGE LOANS
In 2023, CIMB Niaga managed to grow its mortgage portfolio by 2.28%, or Rp0.9 trillion, to Rp42.7 trillion from Rp41.8
trillion in 2022. Sharia mortgage growth increased by 20.10% to Rp25.1 trillion, from Rp20.9 trillion the previous year.
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AUTO LOANS
Consumer Banking in the Auto Loans (KPM) business
offers a joint financing scheme with multifinance
institutions that have partnerships with the Bank,
I’ve been very happy with the bank’s products and
services since I became a customer in early 2019. including CIMB Niaga’s subsidiary, namely CIMB Niaga
The Relationship Manager has been easy to work Finance (CNAF). In 2023, CIMB Niaga posted a 15.70%
with as they really understand my transaction and increase in the KPM portfolio to Rp13.6 trillion from Rp11.8
mobility need for remotely accessible banking
information and transactions. trillion in the previous year (including subsidiaries), while
KPM through the sharia scheme posted an increase of
It’s reassuring to know that CIMB Niaga is much 8.66% to Rp2.4 trillion from Rp2.2 trillion in the previous
more than just a bank I save money since it also
serves as a partner that helps me grow as they year. Meanwhile, the non-performing loan ratio of CIMB
grow. Every year, the bank gives me updates on Niaga KPM was maintained at 1.03%, up from 0.98% in
the market, latest seminars, tax and inheritance the previous year.
consultations that keep me from the discomfort of
searching myself since they all are summarized in
CIMB Niaga’s Wealth XPO annual event. Furthermore, Consumer Banking strives to enhance its
referral program by focusing on maximizing existing
The very competitive exchange rate and 14
currency options the CIMB Niaga offers through customers and offering CNAF financing through digital
its XTRA Savers Foreign Currency savings always marketing channels such as OCTOMobile, CNAF Mobile,
have my back during my vacations or business and sahabat CNAF (friends of CNAF). CIMB Niaga
trips overseas.
continues to collaborate actively with various national
finance companies in the context of joint financing in
order to broaden the reach of its motor vehicle financing.
CREDIT CARDS AND DEBIT CARDS
Tjan Lian Ing CIMB Niaga credit cards and debit cards provide a
variety of benefits, including convenience, comfort, and
security in banking transactions anywhere and at any
PT Tiga Sakti Adhimulia
General Manager time. The two CIMB Niaga cards are still in high demand
among Indonesia’s rapidly growing middle class for their
ability to facilitate payment transactions that support
customers’ activities and businesses.
This achievement is inextricably linked to the various
initiatives undertaken by Consumer Banking in 2023. CIMB Niaga currently manages and develops credit cards
To remain competitive, CIMB Niaga was encouraged to for the Classic, Gold, Syariah Gold, Syariah Platinum,
launch products with new schemes while continuing Preferred Infinite, Syariah Preferred Infinite, Platinum,
to promote attractive loan features. The program Precious, Ultimate, Infinite, World, and Corporate
includes the provision of “KPR Xtra Manfaat” (extra categories in order to meet the needs and preferences of
benefit mortgage loans), which provides convenience by a diverse customer base.
reducing the portion of interest in installments so that
the portion of payments for the principal in installments In the credit card business, despite several challenges
becomes larger, allowing mortgage loan customers to throughout 2023, loans distribution continued to grow
pay off their loans more quickly. CIMB Niaga also provides positively. In 2023, the number of CIMB Niaga credit
the Smart Rate Pricing scheme, which gives customers a card holders increased by 8.42% to 2.79 million cards
clear reference for setting floating interest rates from the from 2.57 million cards in the previous year. Total credit
start of the loan by using the 12-month Bank Indonesia card sales volume reached Rp42,3 trillion, an increase
Financial Instrument reference, which can be found of 27.58% from Rp33.1 trillion in the previous year. In
directly on the Bank Indonesia website. terms of profitability, the credit card business remains
one of the leading businesses, with a loan disbursement
Consumer Banking also continues to digitalize mortgage contribution amounted to Rp9.2 billion until December
loans via Online Form and OCTO Friends, as well as 2023, up 2.26% from 2022 of Rp9.0 billion. Based on the
simplify the mortgage process with instant approval performance throughout 2023, the contribution of the
and digital signing. The one house, one tree strategy for credit card business to total Consumer Banking loans
the mortgage program was also implemented as part became increasingly significant. The non-performing
of CIMB Niaga’s commitment to supporting sustainable loan ratio was at the level of 1.74%, compared to last year
financing. of 1.55%.
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In Wealth Management, CIMB Niaga provides a range
of products, including treasury products such as foreign
exchange, strike currency, market-linked deposits,
swap deposits and bonds, mutual fund products, and
For about 14 years I have put my trust on CIMB
Niaga as the right bank for me and my entire family. insurance. CIMB Niaga also has bancassurance products
Amongst the many reasons for my entrustment is as one of its fee income sources, which are obtained
the bank’s continued innovations and unreserved through the sale of general and life insurance products
efforts to provide the best banking experience.
in collaboration with insurance company partners.
Since I became a CIMB Niaga Preferred Customer,
I’ve been a happy customer with the many benefits In 2023, CIMB Niaga’s mutual fund income reached
I got, especially from the Savings Program and
Personal Credit Line. What makes saving even Rp44 billion. In addition, income from other investment
more fun is the XTRA Carnival Program (ex XTRA products such as market-linked deposits and bonds
Festival program) that gives direct reward of up to contributed Rp502 billion to income achievement in
Rp165 million.
2023. Overall, Wealth Management and Bancassurance
Moreover, the OCTO Mobile application allows me products saw a 19% increase in Asset Under Management
to access various convenient banking transactions (AUM) to Rp68.4 trillion from Rp57.5 trillion the previous
and open forex savings with just a few taps on my
gadget! year.
CIMB Niaga’s Relationship Managers are always PERSONAL LOAN
quick to offer excellent service and keep me
updated on promos and information via e.g. XTRA Consumer Banking in the Personal Loan business has
XPO, an event which I keep looking forward to continuously developed a business model of acquisition
where I can exchange my collected Xtra Points with via Indirect Channel Partnership Fintech Partner.
many benefits such as entitlement to promotions
on gadget as well as auto and house down Consumer Banking offers Personal Loan products, which
payments. include OCTO Loan, Gold Xtra Personal Financing iB, as
well as continuing and developing standby loan facilities
Love to see CIMB Niaga expanding even more to
become the number 1 bank in Indonesia. that allow customers to use the available funds in this
facility on demand.
CIMB Niaga provides loan facilities to CIMB Niaga
Bong Hui Ling customers with a good track record to ensure that loan
quality is maintained amidst a pandemic that suppresses
PT Surya Kencana economic activity. In order to improve Personal Loan
Business Owner performance, Consumer Banking continues its cross-
selling initiatives, along with the implementation of a
loan extension strategy by offering loans through branch
offices and companies of payroll product partners.
The CIMB Niaga debit card provides various benefits
for customers, including easy access to domestic and In 2023, the performance of the Personal Loan business
foreign ATM networks and payment channels (EDC), grew by 40.7%, reaching Rp4.8 trillion from Rp3.4 trillion
online transactions supported by the 3D Secure security in the previous year. The increase was mainly driven by
feature, as well as contactless features and affinity growth in new loans volume, in line with satisfactory
debit cards, which have become the main attraction for economic growth. Personal Financing Business was
customers. In 2023, the number of active CIMB Niaga the product that provided very high profitability, with a
debit cards in circulation reached 2.4 million cards. The RAROC of 52%. The gross non-performing loan ratio for
total transaction value using CIMB Niaga debit cards the Personal Loan segment improved to 1.7% compared
reached Rp68 trillion, an increase of 43% compared to to the previous year, which stood at 2.4%.
the transaction value in the previous year.
SAVING PRODUCTS
WEALTH MANAGEMENT AND BANCASSURANCE Consumer Banking as a liquidity provider from CIMB
CIMB Niaga offers Wealth Management and Niaga, consistently makes an effort to increase low-
Bancassurance services and products through 11 cost funding by continuously acquiring new customers,
investment managers, 1 securities company, 17 general strengthening the features of its saving products, and
insurance partners, and 8 life insurance partners, all promoting digital banking account opening as well
supported by a reliable Treasury Division. CIMB Niaga, as other services. Consumer Banking offers a variety
through Wealth Management & Bancassurance, assists
customers in the planning, development, and protection
of assets owned in the future, ensuring better financial
conditions.
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of superior savings products for retail customers,
supported by the Dual Banking Product (Conventional
and Sharia) concept to meet the needs of customers in
daily transactions.
Time seems to have gone unnoticed since my
late husband first opened an account at CIMB
Through OCTO Savers, the Bank offers free banking Niaga 16 years ago and made it the trusted bank
transaction facilities up to 60x per month, as well as XTRA of our family. The friendly, helpful and responsive
services they’ve been providing me with really
Savers for customers with higher total funds, who will make me comfortable.
receive XTRA Benefit, such as XTRA interest and XTRA
convenience when conducting transactions overseas The various products and services of CIMB
Preferred kept me really assisted, especially the
without exchange rate. The Bank also has GOAL Savers airport transfer facilities by Golden Bird and airport
to assist customers in achieving their various goals, such lounges, two of the many features I’m entitled to
as education, vacation, a new gadget, umrah, and hajj. as a holder CIMB Niaga Premium Credit Card and
CIMB Preferred customer. I also get a reduction in
my credit card bills or airline miles in exchange of
In addition, the Bank adjusts competitive interest rates, Poin X-Tra whenever I shop using my credit card.
which are supplemented by various attractive programs,
I recently had my Poin Xtra exchanged for a
both in Rupiah and foreign exchange currency savings, discount promo at the Cathay Pacific Travel Fair,
in order to maintain and capitalize on opportunities to my favorite program, where I saved up to 50%
increase the savings portfolio of existing customers who on plane tickets that I bought during that special
event.
are rate sensitive. Customers’ existing savings are also
utilized by offering additional products. Thank you CIMB Niaga. I absolutely hope that CIMB
Niaga can continue to keep up the good services,
and offer more products, programs and attractive
In 2023, Consumer Banking posted a loan-to-deposit prizes to us as its loyal customers.
ratio (LDR) of 61.60%, up from 63.92% in the previous
year. The CASA ratio stood at 62.79%, up from 64.75% in
the previous year.
PERSONAL CREDIT LINE
Personal Credit Line is a secured product, with deposits Komalawati
and bonds as the underlying collateral. This product
allows customers to borrow for various individual needs
Spare Parts Entrepreneur
without necessarily breaking their time deposit and Owner
selling their investment. Customers can choose Rupiah
or foreign currencies depending on their needs. The
performance of the Personal Credit Line business posted
a growth of 21.6% to Rp1.5 trillion from Rp1.2 trillion in as Mobile Collection, 2-Way WhatsApp, and Voice Blast
the previous year. to improve relationships with customers. Furthermore,
acceleration of auction processes is also carried out by
Cross-selling is still being optimized for existing publishing assets on the CIMB Niaga Auction website.
customers who want to use cash collateral and securities
through the Personal Credit Line (PCL) product, which is DIGITAL BANKING SERVICES
available in Rupiah and USD. This will be supported by As one of the main focus, CIMB Niaga continues to
the development of digital sales channels, which will develop all the digital channels to include all the necessary
allow customers easier access to PCL products. banking products. Not just to serve transaction, digital
channels are being develop as an expansion strategy for
LOAN QUALITY new customer acquisition and also to facilitate access of
In 2023, the NPL of Consumer Banking recorded an arrays features of services.
improvement of 1.7%, compared to 2.0% in 2022.
Consumer Banking continues to improve asset quality by Digitalization at CIMB Niaga is also driven by the growing
implementing various strategies on an ongoing basis. online shopping trend. The rapidly growing variety of
e-commerce platforms is accelerating the adoption of digital
Consumer Banking periodically provides notifications banking services as a payment medium for online shopping.
and reminders to customers prior to maturity, as well
as offering regular restructuring programs for eligible Currently, the bank has Octo Mobile as a digital banking
customers who still have income but are experiencing a application, Octo Clicks as an Internet banking platform
decline. Consumer Banking also uses collection tools, such and Octo Pay, fintech product that is assessable through
Octo Mobile. The main objective of these two channels
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is to ensure that customers have easy access to do (including Sharia branches, Digital Lounges, Mobile Cash,
their banking transaction anywhere anytime. Some of and Kiosks), equipped with 2,982 ATM units and 911 CDM
the features offered are accessing all of their accounts, and CRM units operating throughout Indonesia.
opening the first Indonesian Rupiah account, opening
investment products such as FX accounts, mutual funds CIMB Niaga develops the Branchless Banking services
and bonds, transaction such as transfer, bill payment and concept, emphasizing the importance of more practical
top up air time or emoney, loans products and many other and efficient digital technology in banking transactions,
services. including those in the Consumer Banking business.
Customers can take advantage of branchless banking
CIMB Niaga, especially on Consumer Banking businesses services such as OCTO Clicks, OCTO Mobile, Phone
are striving to deliver the best digital channels mainly Octo Banking 14041, Preferred Phone Banking, OCTOPay,
Mobile and Octo Clicks, in the market by keep innovating and ATM services. CIMB Niaga consistently promotes
not just adding on new features but on the technology as the Branchless Banking concept, as evidenced by the
well as the security aspect. increasing number of transactions for this service.
MERCHANT BUSINESS CIMB Niaga’s innovative measures are also evidenced
In 2023, CIMB Niaga launched the OCTO Merchant Mobile in the CIMB Niaga Digital Lounge, which combines the
Application, which is intended for micro- to medium- latest technology to provide a fast-banking experience
sized enterprises. OCTO Merchant facilitates merchant for retail customers. The Digital Lounge Service is an
owners’ QRIS transactions by creating a QRIS code directly effort by CIMB Niaga to support the digital development
via the merchant’s cellular phone. Moreover, with OCTO strategy for Consumer Banking. CIMB Niaga manages the
Merchant, merchant owners will be able to receive QRIS Digital Lounge through the Digital Banking Manager, who
payments on the same day, see transaction notifications provides solutions for individual banking customers. In
directly, and access monthly transaction reports. 2023, CIMB Niaga managed 37 digital lounges.
To support the expansion of the convenience to submit QUALITY OF SERVICE AND MANAGEMENT OF
OCTO Merchant applications, in 2023, CIMB Niaga CUSTOMER COMPLAINTS
launched the Self-Service Onboarding application. By In order to provide the highest quality banking services,
using this Self-Service application, individual merchants CIMB Niaga has implemented a customer-centric culture
can apply to become CIMB Niaga merchants to have the in which the customer is the number one priority of every
OCTO Merchant application independently in less than employee in all Bank activities. As a result, when the Bank
one hour, and at the same time, the opening a CIMB adds a feature to the digital channel or develops a product,
Niaga account process is also carried out if the merchant it will invariably prioritize aspects of customer needs.
has yet to have a CIMB Niaga account. With this Self- The Bank’s top priority is to become a customer-centric
Service feature, the OCTO Merchant application is the organization in order to improve service quality and provide
first application in Indonesia for a commercial bank to a compassionate customer experience in banking.
register as a merchant and open a bank account in one
process in the same application at the same time. CIMB Niaga manages the customer experience by
developing accelerated service processes, making banking
Since its launch in 2023, the number of OCTO Merchant activities more convenient for customers, and increasing
applications continues to grow every month, with a total the comfort and security of transactions across all available
number of OCTO Merchant applications reaching 86.4 channels. CIMB Niaga also offers a variety of service
thousand with a transaction volume value reaching 15.6 channels, including branch offices, Digital Lounges, a 24-
billion in 9 months up to December 2023. hour contact center, a website, e-mail 14041@cimbniaga.
co.id, Live Chat, and social media accounts like Facebook,
BRANCH OFFICE NETWORK AND Twitter, and Instagram.
DEVELOPMENT OF BRANCHLESS BANKING
CIMB Niaga is committed to optimizing the branch Consumer Banking is ready to listen to customer needs
office network by taking into account the spreading via the various channels available, such as inquiries or
of an adequate branch network and transferring complaints about an issue. Furthermore, Consumer
banking transactions to electronic distribution channels Banking has a very strict escalation system and service
(Branchless Banking). Up to the end of 2023, CIMB level, ensuring that customer questions or complaints are
Niaga has a network of 412 networks and branch offices addressed in accordance with the SLA.
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Consumer Banking consistently organizes customer Furthermore, customer network development is tailored
experience training for employees in order to continuously to the regional clusters that our customers prefer.
improve service quality. CIMB Niaga is also constantly Despite the fact that digital channels have become more
innovating and listening to customer feedback, as well as comprehensive, certain customer segments still require
conducting Consumer Banking Net Promoter Score (NPS) a human touch via branches or digital lounges. To that
surveys to assess the quality of services provided. end, Consumer Banking is always happy to welcome
customers who need to conduct transactions at its
In 2023, the NPS score for the Consumer Banking segment branches.
of CIMB Niaga was 46%, an increase compared to the NPS
score achievement in 2022, which stood at 36%. PERFORMANCE IN 2023
Year NPS Score CONSUMER BANKING LOANS
2019 18% In 2023, Consumer Baking posted a consolidated loan
2020 24%
disbursement of Rp71.8 trillion, an increase of 6.92%,
or Rp4.7 trillion, compared to Rp67.2 trillion in 2022.
2021 28%
This increase was mainly driven by an increase in auto
2022 36%
loans by 15.70%, or Rp1.8 trillion, from Rp11.8 trillion
2023 46%
to Rp13.6 trillion. The mortgage business was recorded
at Rp42.7 trillion, growing by 2.28%, or Rp1.0 trillion,
The CIMB Niaga Preferred segment received satisfactory from Rp41.8 trillion in the previous year. Credit cards
results and able to maintain the following service quality and Personal Loans posted an increase of 2.26% and
to consumers: 40.67%, respectively. Overall, Consumer Banking posted
an improvement in the gross non-performing loan ratio,
Year NPS Score which stood at 1.7% compared to 2.0% in the previous
2019 14% year.
2020 16%
Total Consumer Banking Loans
2021 34% (in trillion Rupiah)
2022 34%
71.8
67.2
2023 55%
60.1
CIMB Niaga is committed in following up customers’
feedback for quality service improvement, including
complaints, by implementing several improvement
initiatives that are completed in a timely manner with
appropriate resolutions. In 2023, CIMB Niaga promptly
resolved 90.53% of the customer complaints. 2021 2022 2023
Growth (%)
Consumer Banking Loans 2023 2022 2021
2022-2023 2020-2021
Mortgage 42,739 41,785 39,036 2.28% 7.04%
Auto Loans 13.605 11,759 8,693 15.70% 35.27%
Unsecured Loans 4,762 3,385 3,172 40.67% 6.72%
Credit Card 9,213 9,009 8,593 2.26% 4.85%
Multipurpose and Others 1,526 1,255 623 21.64% 101.28%
Total 71,846 67,194 60,117 6.92% 11.77%
CUSTOMER DEPOSITS
In 2023, Consumer Banking’s total customer deposits increased by 10.93%, or Rp11.5 trillion, to Rp116.8 trillion, from
Rp105.3 trillion in 2022. This increase was driven by an increase in deposit products by 17.09% or Rp6.3 trillion to Rp43.4
trillion from Rp37.1 trillion in the previous year. This increase was also driven by CASA growth of 7.57%. In 2023, the
CASA ratio for Consumer Banking was 62.79%, up from 64.75% in 2022.
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Customer Deposits
(in trillion Rupiah)
116.8
105.0 105.3
Convenient, easy, and safe are just some of the
impressions I’ve had in my 25 years with CIMB
Niaga. The Bank has proven to be shock-resistant
even when the entire nation was hit by a tough
macroeconomic crisis back in 1998. Not only did
I feel secure, but I also got fairly high returns for
entrusting company assets to CIMB Niaga. The
Bank’s time deposit and government bond services
also worked great for us since they gave fairly high
2021 2022 2023 returns for the company’s idle money.
CIMB Niaga is looking to develop its digital
facilities. The Bizchannel@CIMB, allows me to
CONSUMER BANKING REVENUE access more flexible banking transactions and with
In 2023, Consumer Banking posted Rp5.6 trillion in net large transaction limits.
interest income, an increase of 10.66% from Rp5.0 trillion I also use EDC at merchants for daily need and I’ve
in 2022, while profit before tax was posted at Rp4.9 never encountered any problems whatsoever.
trillion, an increase of 54.18% compared to the previous
I’d really love to see CIMB Niaga expanding further
year, which amounted to Rp3.2 trillion. with maximum digital banking features in the
future.
Profit Before Tax
(in trillion Rupiah)
4.9 Alan Charles
Thomas
3.2
PT Peninsula Marketing
Commissioner
1.4
2021 2022 2023
PLAN, STRATEGY, AND FOCUS IN 2024
In 2024, CIMB Niaga’s Consumer Banking segment
will continue to focus on accelerating innovations,
particularly those related to the ongoing digitalization
that began in 2023, such as the development of sales
channels through the OCTO Mobile application and the
launch of the OCTO Paylater product. Furthermore, CIMB
Niaga will begin to seriously engage in segments that are
currently critical to society on a large scale, such as the
need for education. Collaboration with key partners will
also be sustained through the Co-Branding strategy and
direct digital financing disbursement.
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SHARIA BANKING
The Sharia Banking segment continues to grow at Niaga plays a leading role as the foremost and most
a faster rate than conventional banking, driven by comprehensive provider of digital banking services in the
the community’s increasing awareness and need for Sharia banking industry in Indonesia.
products and services that adhere to Sharia principles.
Additionally, Sharia-compliant products and services— STRATEGIES AND POLICIES
particularly sustainable and Sharia-specific products— In 2023, the Indonesian economy continued to grow amid
offer added value, providing benefits in terms of fairness global economic downturn, reaching 5.05% compared to
and financially. the 2022 figure of 5.31%. The same trend was present
in the national Sharia financial industry, which recorded
To enhance the competitiveness of Sharia Banking, positive development amid the ongoing national
CIMB Niaga’s Sharia Business Unit (Unit Usaha Syariah/ economic recovery throughout 2023.
UUS) has introduced a variety of basic and advanced
Sharia-compliant products to serve as alternatives to Given the macroeconomic conditions, CIMB Niaga
conventional products. Sharia-specific products, such as Sharia experienced positive annual growth in financing,
iB Salam, IMBT, and PRK iB MMQ, have been introduced. driven by an increased contribution from the consumer
CIMB Niaga’s UUS continues to develop other Sharia- segment. This segment remains a focal point for market
compliant products to maintain a competitive edge in the acquisition, along with the EBB segment. In funding,
Sharia Banking segment. UUS CIMB Niaga also recorded positive growth, with
a continued focus on acquiring low-cost funds and
As the top-ranked UUS with the highest assets in developing a community ecosystem to support the
Indonesia, UUS CIMB Niaga is in a crucial position sustainable growth of UUS CIMB Niaga’s assets.
to provide comprehensive Sharia Banking services.
Supported by the parent bank’s infrastructure, UUS CIMB
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UUS CIMB Niaga continues to develop new and cost funds by continuously expanding the community
innovative products to serve customers better based on network and strategic partnerships to obtain long-term,
Sharia principles and meeting overall consumer needs. low-cost funds. Furthermore, UUS CIMB Niaga also
Additionally, UUS CIMB Niaga, especially with its unique maintains liquidity with time deposits from institutions,
Sharia Banking products, reaches all customer segments. corporations, and retail sectors that continue to grow
Therefore, UUS CIMB Niaga can conduct business in with a more conservative profit-sharing mechanism and
accordance with Sharia principles while highlighting its long-term tenors.
strengths and remaining competitive with conventional
products. The implementation of UUS CIMB Niaga’s strategies is
supported not only by UUS but also by all stakeholders
As the economic conditions recover in 2023, UUS CIMB of CIMB Niaga. The Dual Banking Leverage Model,
Niaga seized the momentum to resume the expansion as the business model of UUS CIMB Niaga, has been
of financing disbursements, especially for existing and strengthened with Sharia First and Sharia Default
referral customers, focusing on economic sectors that programs embedded in the bank’s activities and
demonstrate high resilience to turbulence and have sustainable business practices. All parties in CIMB Niaga
significant growth potential. Regarding Third-Party are expected to maximize their support for the short-
Funds, UUS CIMB Niaga focuses on the growth of low- and long-term growth of UUS CIMB Niaga.
PERFORMANCE IN 2023
(in billion Rupiah)
Growth (%)
UUS CIMB NIaga Performance 2023 2022 2021
2022–2023 2021–2022
Assets 62,747 62,957 59,251 (0.33) 6.26
Financing Disbursement 55,241 47,195 36,968 17.05 27.67
- Corporation 15,032 15,283 11,800 (1.65) 29.52
- Commercial 6,287 4,833 3,801 30.07 27.17
- EBB 4,313 2,530 1,574 70.43 60.79
- Consumer 29,610 24,548 19,793 20.62 24.02
Customer Deposits 44,916 39,508 41,512 13.69 (4.83)
Profit Before Tax 1,914 1,511 1,819 26.63 (16.91)
Non-Performing Financing (NPF) 1.09% 1.29% 1.43% (0.20) (0.14)
ASSET GROWTH
In 2023, total assets of UUS CIMB Niaga amounted to Rp62.7 trillion, with financing disbursements increasing by 17.05%
to Rp55.2 trillion compared to the previous year’s Rp47.2 trillion. Meanwhile, customer deposits reached Rp44.9 trillion,
reflecting 13.69% increase.
FINANCING DISBURSEMENT
As of the end of 2023, financing disbursement has increased by 17.05% to Rp55.2 trillion from Rp47.2 trillion in 2022.
This growth was driven by the Commercial Banking, EBB, and Consumer Banking segments.
The largest increase in financing volume came from the Consumer Banking segment, rising by 20.62% or Rp5.1 trillion
to Rp29.6 trillion from the previous year. Financing volume in the EBB segment also saw an increase of Rp1.8 trillion,
or 70.43%, and Commercial Banking increased by Rp1.5 trillion, or 30.07%. Meanwhile, the Corporate Banking segment
decreased by Rp0.3 trillion, or 1.65%, to Rp15.0 trillion.
Overall, the expansion of the financing portfolio is also supported by the implementation of the “Sharia First” program
within the Dual Business Leveraging Model (DBLM). In this model, all units prioritize the sale of Sharia-compliant products.
The “Sharia First” approach is not only limited to product sales, but is also applied in the supporting business aspects
(middle-end, back-end). This ensures that the process of booking Sharia accounts runs more smoothly, overseen by
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the Sharia Advisory Group, RCU and DPS units to ensure compliance with Sharia regulations, especially for productive
customers (corporate and commercial) with complex financing needs.
CUSTOMER DEPOSITS
In 2023, the total customer deposit funds for UUS CIMB Niaga amounted to Rp44.9 trillion, marking a 13.69% increase
from the Rp39.5 trillion recorded in 2022. Giro products increased by Rp3.0 trillion or 35.75%, reaching Rp11.4 trillion.
Savings products rose by Rp3.0 trillion or 25.50% to Rp14.9 trillion from the previous year. Time deposit products
decreased by Rp0.6 trillion or 3.18%, reaching Rp18.6 trillion compared to the previous year’s position of Rp19.3 trillion.
Meanwhile, the CASA ratio increased to 58.48%, up from 51.25% the previous year.
TABLE OF SHARIA CUSTOMER DEPOSITS BY SEGMENT
(in billion Rupiah)
Growth (%)
Sharia Customer Deposits 2023 2022 2021
2022–2023 2021–2022
Corporation 12,632 14,022 18,354 (9.91) (23.60)
Commercial 5,168 2,927 1,906 76.54 53.26
EBB 9,214 9,012 7,456 2.25 20.87
Consumer 17,901 13,546 13,797 32.15 (1.81)
Total 44,916 39,508 41,512 13.69 (4.83)
NON-PERFORMING FINANCING was driven by an increase in income after profit-sharing
In 2023, UUS CIMB Niaga recorded gross and net non- distribution by Rp279.0 billion or 14.24%, and an increase
performing financing (NPF) ratios of 1.1% and 0.5% in other operational income by Rp44.9 billion or 9.11% in
respectively. This achievement marked a decrease in 2023 compared to 2022.
gross NPF and an increase in net NPF from the previous
year, which were 1.3% and 0.4% respectively. The NPF REALIZATION AND PROFIT-SHARING
ratios of UUS CIMB Niaga remain relatively conservative CALCULATION METHOD
compared to competitors in the Sharia Banking industry. In adhering to the principles of transparency and
measurability, UUS CIMB Niaga follows the calculation
To address non-performing financing, UUS CIMB Niaga formula and profit-sharing policies outlined in the
has prepared sufficient provisions to cover potential Sharia Accounting Standards, comprising PSAK 100 to
losses from non-performing financing while maintaining 106. The distribution of profit-sharing to third-party
a Loan Loss Coverage ratio above 100%. The portfolio fund customers is conducted in accordance with Sharia
concentration level in 2023 remained stable and at a principles, aligning with the specified ratios at the time
manageable level. of the fund placement agreement. Every month, UUS
CIMB Niaga issues a circular specifying the percentage of
SHARIA BANKING PROFIT BEFORE TAX income for the business unit. This information serves as
In 2023, UUS CIMB Niaga reported a profit before tax of the basis for determining the amount of profit-sharing
Rp1.9 trillion. On an annual basis, the profit before tax for to be distributed to customers. Additionally, the circular
UUS CIMB Niaga increased by Rp400.7 billion or 26.46% includes details about the ratio levels for the following
compared to 2022, which was Rp1.5 trillion. This growth month.
In 2023, the Gross Yield Distribution (GYD) of UUS CIMB Niaga was as follows:
GYD January February March April May June July August September October November December
IDR 6.79% 7.09% 7.90% 7.06% 7.13% 7.22% 7.50% 7.41% 7.72% 7.63% 7.47% 7.61%
USD 4.87% 4.08% 3.70% 4.91% 5.37% 5.13% 5.57% 5.70% 5.82% 6.01% 7.24% 7.13%
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SOURCE AND DISTRIBUTION OF ZAKAT, INFAQ, AND SADAQAH (ZIS)
As a Sharia Banking institution, UUS CIMB Niaga not only fulfills its business functions but also carries out its social
responsibilities. In this regard, the bank engages in the activities of collecting and distributing funds for Zakat, Infaq,
and Sadaqah (ZIS). In 2023, the collection of ZIS funds reached Rp529 million, representing a 29.66% increase, with
disbursements amounting to Rp404 million distributed to registered and verified zakat amil institutions partnered with
UUS CIMB Niaga.
UUS CIMB Niaga also serves as an LKS PWU (Sharia Financial Institution Receiver of Cash Waqf) in partnership with 20
waqf institutions (nazhir). In this capacity, UUS CIMB Niaga serves as the recipient of cash waqf from the public through
various products and channels dedicated to collecting funds for Cash Waqf. The received Cash Waqf funds are directly
credited to the waqf institution’s account at CIMB Niaga Syariah. In 2023, the value of received cash waqf funds directly
utilized by the waqf institutions increased by 51.39%, reaching Rp30.4 billion compared to the previous year’s Rp20.1
billion.
TABLE OF SOURCES AND DISTRIBUTION OF ZAKAT FUNDS (in million Rupiah)
Description 31 December 2023 31 December 2022
A. Sources and Distribution of Zakat Funds
Receipt of zakat funds originating from:
a. UUS Internal - -
b. UUS External 529 408
Total Receipts 529 408
Distribution of zakat funds to zakat management entities
a. Amil Zakat Institution (LAZ) 404 878
b. Amil Zakat Agency (BAZ) - -
Total Distribution 404 878
B. Sources and Distribution of Waqf Funds
Receipt of waqf funds originating from:
a. UUS Internal - -
b. UUS External 30,388 20,073
Total Receipts 30,388 20,073
Distribution of Waqf Funds to Waqf Management Entities:
a. Indonesian Waqf Board - -
b. Republika Dhuafa Wallet 18,160 14,558
c. Yayasan Masjid Salman ITB 5,219 1,663
d. Indonesian Waqf House Bandung (RW) 2,044 1,415
e. Others 4,965 2,437
Total Distribution 30,388 20,073
SOURCES AND UTILIZATION OF disbursement sectors, including community economic
BENEVOLENCE FUNDS development, education, healthcare, infrastructure, and
UUS CIMB Niaga facilitates the payment of ZIS and social activities.
Waqf through the management of Benevolence Funds,
primarily derived from customer financing penalties. In 2023, UUS CIMB Niaga the receipt of Benevolence
Financing penalties are calculated based on the Funds amounting to Rp11.7 billion, marking a 23.90%
embedded system in the core banking system. The increase from the previous year. These funds were
Benevolence Funds are divided into three categories: disbursed across various sectors through the Donation
Productive Benevolence Funds, Donation Fund, and amounting to Rp7.1 billion, and other uses for public
Other Uses for public purposes. purposes totaling Rp316 million. The total distribution of
Benevolence Funds in 2023 amounted to Rp7.5 billion.
The disbursement of social funds is governed by The beginning balance in 2023 was Rp26.6 billion, and the
internal Charity Fund disbursement Standard Operating ending balance in 2023 was Rp30.8 billion after receipts
Procedures (SOP) approved by the Sharia Supervisory and disbursements throughout the year.
Board (DPS). Social funds are allocated to five main
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TABLE OF SOURCES AND DISTRIBUTION OF BENEVOLENCE FUNDS (in million Rupiah)
Description 31 December 2023 31 December 2022
Beginning balance of Benevolence Funds 26,619 22,710
Receipt of Benevolence Funds
a. Infaq and Alms - -
b. Productive Benevolence Refund 29 20
c. Fine 11,433 9,406
d. Non-halal receipts 167 -
e. Others 50 -
Total Receipts 11,679 9,426
Distributions of Benevolent Funds
a. Productive Benevolence Fund 39 12
b. Donation 7,136 5,175
c. Other Uses for Public Benefits 316 330
Total Distributions 7,491 5,517
Increase/(Decrease) of Benevolence Funds 4,188 3,909
Ending balance of Benevolence Fund 30,807 26,619
COMPLIANCE AND IMPLEMENTATION OF of Indonesia (Dewan Syariah Nasional Majelis Ulama
SHARIA GOVERNANCE FRAMEWORK Indonesia). Additionally, UUS CIMB Niaga has formulated
To enhance the quality of UUS activities, the bank general Sharia compliance policies and standard
consistently conducts activities related to its business, operating procedures to ensure that activities align with
products, and services in accordance with prevailing Sharia principles.
Sharia principles. UUS CIMB Niaga continues to
oversee the implementation and compliance with In the daily operations of UUS CIMB Niaga, the Sharia
Sharia principles across all units through the activities Supervisory Board serves as the highest authority in
of the Sharia Supervisory Board (Dewan Pengawas Sharia compliance oversight. To support the duties
Syariah/DPS), executed by the Sharia Advisory Group as and responsibilities of the Sharia Supervisory Board in
representatives of the DPS. monitoring Sharia principles, various units collaborate
in the implementation, including the Sharia Advisory
The Sharia Supervisory Board actively reviews Sharia & Legal (SA & Legal Function), Sharia Risk Control Unit
processes to ensure compliance with applicable (RCU), which encompasses Governance & Sharia Review
regulations and fatwas from the National Sharia Board (GSR), Risk Management, Compliance Management, and
Group Corporate Assurance.
Control and management involve conducting business
impact analyses through continuous monitoring and
As a CIMB Niaga Syariah customer, I felt updates, utilizing email blasts for risk awareness and
extremely privileged. I can freely communicate regulatory updates, implementing Sharia compliance
with the management and staff, who are both
management, addressing control issues with ongoing
communicative and supportive. We have open
discussions and consultations, and they are always monitoring and updates, as well as conducting
eager to provide excellent service to customers. operational and Sharia compliance reviews based on
Sharia acceptance criteria.
One of the reasons I chose CIMB Niaga Syariah
was their competitive margin in funding the
development of Muhammadiyah Business OFFICES AND DISTRIBUTION NETWORK
Charities. CIMB Niaga Syariah must be more
The implementation of the Dual Banking Leverage Model
confident in offering collaboration with
Muhammadiyah Business Charities, rather than (DBLM) has been underway and continuously expanded
just funding and financing. B2B development to achieve business strategy goals. By applying dual
of various Muhammadiyah businesses,
budgets and key performance indicators (KPIs) across all
collaborations, and CSR may become a special
attraction for Muhammadiyah members. business and support units, the DBLM implementation
remains attentive to Sharia principles in accordance with
regulations, utilizing shared infrastructure, IT, the Digital
Banking Platform, and networks. The business model’s
execution is supported by role-sharing between the
Prof. Dr. Abdul Sharia Business Unit (UUS) and all units, complemented
Mu’ti, M.Ed by the “Sharia First” and “Sharia Default” programs in the
bank’s sustainable business activities and practices. This
is reflected in the Share of Book (SOB) achievements,
General Secretary of
Muhammadiyah Headquarters demonstrating an annual increase in each segment and
supporting unit (enablers).
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PLANS, STRATEGIES, AND POLICIES IN 2024
In the future, the increasing awareness and understanding
of Sharia Banking, accompanied by a growing variety of
Sharia products and services, will provide an open space
Harmoni Panca Utama (HPU), a mining services for the Sharia Banking industry to continue to grow and
company providing mine planning, design,
development, operation services & customer flourish. To seize this opportunity and address possible
solution management since 2011. We have been challenges, UUS CIMB Niaga has prepared strategic
working with CIMB Niaga to achieve sustainable focuses for implementation in 2024, including:
growth in the Indonesian mining industry since 2012.
1. Enhancing the productivity of all leveraging business
The relationship was initially established through units by continuing the “Sharia First” and “Sharia
investment loan, then developed into Sharia Default” programs in the bank’s sustainable business
financing & other products. Through its various
sharia products, CIMB Niaga has provided us with activities and practices, and focusing sales on the
unique and comprehensive solutions throughout strengths and differentiators of UUS.
our business journey. Through this collaboration, 2. Improving the accessibility and exposure of UUS
HPU is able to continue to capture the momentum
of every business opportunity in the dynamic CIMB Niaga’s services to customers to achieve top-of-
world of mining in Indonesia. Looking ahead, we mind awareness in the community for Sharia banking
sincerely hope that CIMB Niaga will maintain its services.
characteristic professional rigor in innovation
to continuously provide the industry with its all- 3. Developing specialized Sharia products, especially
round banking solutions. to support the growth of financing and funding
portfolios across all segments.
4. Strengthening collaborations with existing and new
partners to expand the Islamic Community business
Pohan Wijaya
and gradually build a Sharia financial ecosystem in
the long term.
Finance Director 5. Developing the Digital Banking platform and
PT Harmoni Panca Utama
continuously enhancing product features in CIMB
Niaga’s e-channel, aligning with the direction of
digitalization in the upcoming year of 2024.
In delivering the best services to customers, UUS CIMB
Niaga utilizes various means to provide Sharia Banking
services to the public, both through branch offices under
UUS (Sharia Branch Offices) and the facilities of the
parent bank, also utilized by UUS CIMB Niaga under the
DBLM implementation. As of the end of 2023, UUS CIMB
Niaga owns a network of 24 Sharia Branch Offices (KCS), 1
Sharia Sub-Branch Office (KCPS), and 8 Sharia Functional
Offices (KFS). Additionally, UUS CIMB Niaga serves the
sale of Sharia banking products through 341 Sharia
Service Network points (office channeling) covering 28
provinces in Indonesia.
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Operational Review Per Business Segment
CIMB Niaga classifies its business segments based on performance. CIMB Niaga‘s operating segments have all
operating and geographical segments. CIMB Niaga met the reporting criteria based on PSAK 5 (revised 2014).
records a business segment as a group of assets and
operations that provides products and services with Up to 2023, CIMB Niaga has the following 7 (seven)
different risks and returns than other business segments. reporting segments:
1. Corporate – loans, deposits, and other transactions,
OPERATING SEGMENT as well as balances for corporate customers;
An operating segment is a component of a business 2. Business - products and services for small- to
entity: medium-sized customers;
1. Engaged in business activities to generate income 3. Retail - products and services for individual customers.
and incur expenses (including income and expenses This segment includes loans, deposits, and other
relating to transactions with other components of the transactions, as well as retail customer balances;
same entity); 4. Treasury - treasury activities, which include foreign
2. Operation results are observed on a regular basis exchange, money markets, derivatives, as well
by the chief of operations to make decisions about as investments in placements and securities
resource allocation and performance evaluations; transactions;
and 5. Sharia – all transactions carried out by the Sharia
3. Availability of separate financial performance data. business unit;
6. Others - all back-office activities and non-profit center
CIMB Niaga reports operating segments in accordance divisions of Bank CIMB Niaga. This includes corporate
with internal reports that have been prepared for services, sales, and distribution; and
operational decision makers in charge of allocating 7. Subsidiaries - all transactions that relate to the
resources to specific segments and evaluating their business of the subsidiaries.
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GEOGRAPHICAL SEGMENTS 1. Business Units, consisting of: Consumer Banking,
In the geographical segments, CIMB Niaga provides Business Banking, Treasury & Capital Markets, Sharia
services within a specific economic environment, with Banking, and Transaction Banking.
risks and returns that differ from other operating 2. Support Functions: Operations and Information
segments in other economic environments. The business Technology, Risk Management, Compliance,
segment of CIMB Niaga is divided into 6 (six) main Corporate Affairs and Legal, Human Resources, as
geographic areas, excluding Subsidiaries, namely Jakarta, well as Strategy and Finance.
West Java, Central Java, East Java, East Indonesia, and 3. Sales & Distributions: serves as the unit that conduct
Sumatra. the sales of products and services to customers at all
branches across Indonesia.
BUSINESS SEGMENTS OF CIMB NIAGA
CIMB Niaga categorizes the following work units in the
organizational structure:
Profitability of Each Busines Segment
OPERATING SEGMENTS
Information related to the operating segments that include 7 (seven) reporting includes the corporate, business,
retail, treasury, sharia, and others, and subsidiaries of CIMB Niaga and Subsidiaries is presented in Note no. 50 to the
Consolidated Financial Statements.
GEOGRAPHICAL SEGMENTS
Information related to the geographical segments of Bank CIMB Niaga and Subsidiaries is presented in Note no. 50 to
the Consolidated Financial Statements.
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Financial Performance Review
The following financial performance analysis was and monetary policies in order to stimulate the economy
prepared based on the Consolidated Financial Report of with the available stimulus.
PT Bank CIMB Niaga Tbk and subsidiaries that ended on
31 December 2023. The Bank’s Consolidated Financial Despite economic challenges, CIMB Niaga was able to
Report was prepared based on Financial Accounting seize every opportunity to continue growing by achieving
Standards in Indonesia, and has been audited by KAP positive financial performance in 2023. Bank assets
Tanudiredja, Wibisana, Rintis & Rekan, a member firm were recorded at Rp334.4 trillion, with customer savings
of the global PwC network (partner in charge is Jimmy funds totaling Rp235.9 trillion and a CASA contribution of
Pangestu S.E an independent auditor, based on the Rp150.6 trillion, or equivalent to a CASA ratio of 63.86%
Audit Standards set by the Indonesian Institute of Public of the total customer savings fund. Time deposits were
Accountants, with an audit opinion on the financial recorded at Rp85.2 trillion. CIMB Niaga also diversified its
statements presenting fairly, in all material respects, funding sources by issuing debt securities worth Rp2.3
the Group’s consolidated financial performance, as well trillion, all of which received an idAAA rating from PT
as cash flows for the fiscal year ended on 31 December Pefindo.
2023, are in accordance with Indonesian Financial
Accounting Standards. Loan disbursement reached Rp213.4 trillion, an increase
of 8.52% from the previous year, which was Rp196.6
OVERVIEW OF FINANCIAL PERFORMANCE trillion. Credit growth was mainly contributed by the
Indonesia’s economic growth remained strong and Corporate Banking business which grew by 11.66%, while
resilient in 2023, reaching 5.05%, while the previous year Consumer Banking grew by 6.92% supported by the
was 5.31%. The growth achievement is the result of the growth of Mortgage by 2.28% and Auto Loans by 15.70%.
government and Bank Indonesia’s efforts to mix fiscal
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In terms of income statement, CIMB Niaga recorded trillion. Total operating expenses increased by 1.18%
net interest income and non-interest income to Rp13.4 and provision for impairment losses on financial and
trillion and Rp5.4 trillion respectively from Rp13.5 trillion non-financial assets decreased by 47.38%. At the end
and Rp5.4 trillion respectively. Net interest income and of 2023, CIMB Niaga booked a net profit for the year of
non-interest income contributed to the achievement Rp6.55 trillion, up 28.54% from the position in 2022 of
of operating income which was recorded at Rp18.8 Rp5.1 trillion.
Strategy in 2023
CIMB Niaga implements a long-term business strategy, Consistency in strategy implementation was also a key
5 Strategy Pillars, which is in line with CIMB Group’s factor driving the Bank to achieve return on equity RoE
business strategy, namely Forward23+, which has five Tier 1 rate of 15.02% in 2023, an increase compared to
main focuses, which include delivering sustainable the previous year, which stood at 12.59%. Ongoing efforts
financial returns, discipline execution, customer to improve customer experience also showed positive
centricity, transform fundamentals, and purpose-driven results with the Bank’s Net Promoter Score (NPS) in 2023
organization. and 2022 are 50%. Through effective and integrated risk
management, the Bank was able to maintain a solid level
CIMB Niaga continues to strive to increase customer of capital and liquidity.
savings amidst intense competition between banks,
including by innovating customer savings products that
are tailored to customer needs, providing ease and The development of digital technology in life has had
security in transactions through digital banking channels, a significant impact on various aspects of life. For this
as well as various other attractive promotions. Through reason, CIMB Niaga continues to maximize the use
the various efforts that have been carried out, CIMB Niaga of information technology, such as developing digital
has been able to continue to strengthen its position in channels which currently include OCTO Mobile, OCTO
the Indonesian banking industry, as well as optimizing its Clicks, OCTO Pay, BizChannel@CIMB, and others.
advantages in order to achieve its aspiration to become
the bank of choice for banking customers in Indonesia CIMB Niaga is well aware that the use of information
while still providing attractive financial returns for technology will be critical in supporting the Bank’s
shareholders. business in becoming a leader in digital banking. As a
result, as one of the pioneers of the most comprehensive
IMPLEMENTATION OF THE 5 STRATEGY digital financial services in Indonesia, the Bank continues
PILLARS to provide relevant digital-based financial solutions
CIMB Niaga continued the transformation program and to increase customer convenience in meeting various
various strategic initiatives in all business segments banking needs. In 2023, the contribution of financial
that focused on improving the customer experience, transactions through non-branch networks, including
utilizing information technology, optimalization business through digital channels reached 96%.
processes, and others. This is carried out to accelerate
the execution of the 5 Pillars of Strategy.
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Electronic Network Coverage Expansion
As of 31 December 2023, Bank CIMB Niaga’s branches, OCTO CLICKS
sub-branches, and payment offices were spread across OCTO Clicks makes it simple to pay bills, shop online,
28 provinces in Indonesia, with a total of 412 branches buy mutual funds and bonds, and open savings and
and networks (including Sharia Branch, Digital Lounge, deposit accounts online. Since 2016, OCTO Clicks has
Mobile Cash, and Kiosk), 2,982 ATMs, 911 CDMs (including implemented the Virtual Card Number (VCN) feature
CRM), 37 Digital Lounges, 33 Mobile Cash, and 11,116 to provide easy access to online transactions on any
employees. MasterCard-accepted website, allowing customers to
shop more securely and easily with their savings accounts
ATM AND MFD without using a credit card. VCN is ideal for customers
In 2023, CIMB Niaga had 2,982 ATMs and MultiFunction who don’t have a credit card and want to shop online at
Devices (MFDs) spread across Indonesia. In 2023, there merchants that only accept credit cards.
were 69 million transactions from ATMs and MFD
machines, with a total transaction volume of Rp48.7 OCTO Clicks includes a personal financial dashboard with
trillion, a decrease from Rp52.8 trillion in the previous a summary of each customer’s activities and financial
year. assets, such as savings, loans, and investment products.
This feature provides added value for customers who
ATM and MFD Performance
need to closely monitor their current financial condition.
Transaction Volume Total Transactions Number of ATM & MFD
(in trillion Rupiah) (in million) (in thousand)
52.8 74.1 3.3 OCTO Clicks had 1.8 million users in 2023. CIMB Niaga’s
48.7 69.0 3.0
OCTO Clicks is a superior internet-based banking service.
Customers completed 51.1 million transactions via OCTO
Clicks, an increase from 47.4 million transactions in the
previous year. OCTO Clicks’ transaction volume increased
to Rp111.7 trillion from Rp104.7 trillion in the previous
year.
OCTO Clicks Performance
2022 2023 2022 2023 2022 2023 Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
111.7 51.1 1.8
104.7 47.4
CDM AND CRM 1.6
In 2023, CIMB Niaga recorded 911 CDM and CRM
machines. Meanwhile, CDM and CRM machines
processed 25.0 million transactions, a from 25.8 million
transactions in the previous year. The transaction volume
decreased from Rp30.7 trillion to Rp30.1 trillion.
CDM and CRM Performance
Transaction Volume Total Transactions Number of CDM & CRM
2022 2023 2022 2023 2022 2023
(in trillion Rupiah) (in million) (in thousand)
30.7 30.1 25.8 25.0 0.9 0.9
2022 2023 2022 2023 2022 2023
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OCTO MOBILE BIZCHANNEL@CIMB
OCTO Mobile is a mobile banking application service BizChannel@CIMB is a premium internet-based banking
that includes advanced features such as time deposits, service for business customers offered by CIMB Niaga.
biometric authentication, OCTO mobile payments using BizChannel@CIMB reached 53.7 million users in 2023,
QR Scan technology, retail bond purchases, mutual a decease from 62.5 million in the previous year. The
fund openings, e-wallet top-ups, and AdaOCTO!, which number of transactions completed through BizChannel@
displays the most recent CIMB Niaga promotions. CIMB CIMB reached 91.0 million, a decrease from 96.6 million
Niaga’s mobile banking service reached 3.0 million users in the previous year.
in 2023, an increase from 2.5 million in the previous year.
BizChannel@CIMB Performance
Transaction Volume Total Transactions Number of CIF
In 2023, customers completed 217.0 million transactions (in trillion Rupiah) (in million) (thousand)
through OCTO Mobile, a 23.57% increase over the 4.0
3.8
96.6
91.0
62.5
previous year, which was 175.6 million transactions. 53.7
The increase in the number of transactions was in line
with the increase in transaction volume, which reached
Rp346.0 trillion, a significant increase of 80.95%.
OCTO Mobile Performance
Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
346.0 217.0 3.0 2022 2023 2022 2023 2022 2023
175.6 2.5
191.2 EDC AND QR
To increase digital penetration, CIMB Niaga continues
to expand its payment points, including Electronic Data
Capture (EDC) and QR codes. In 2023, the total EDC and
QR code CIMB Niaga were 544.1 thousand, an increase of
2022 2023 2022 2023 2022 2023 25.5% from the previous year, which was 433.7 thousand.
Customers completed 148.9 million transactions via EDC
and QR, an increase from 91.1 million in the previous
OCTO PAY year, for a total transaction volume of Rp49.9 trillion, an
OCTO Pay is a CIMB Niaga digital service product that increase of Rp13.9 trillion from the previous year, which
allows cardless cash withdrawals from all CIMB Niaga, was Rp36.0 trillion.
Indomaret, and Alfamart ATMs using only registered
EDC and QR Performance
cellphone numbers. In 2023, OCTO Pay had 5.5 million
Transaction Volume Total Transactions Number of EDC and QR
users, an increase of 4.95% from the previous year, (in trillion Rupiah) (in million) (thousand)
which was 5.3 million. Customers completed 16.6 million 49.9 148.9 544.1
transactions through OCTO Pay, a decrease from 19.3
433.7
million in the previous year. 36.0
91.1
Octo Pay Performance
Transaction Volume Total Transactions Number of Users
(in trillion Rupiah) (in million) (in million)
3.9 19.3 5.3 5.5
3.6
16.6
2022 2023 2022 2023 2022 2023
2022 2023 2022 2023 2022 2023
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Consolidated Statements of Financial Position
(in million Rupiah)
Growth (%)
Financial Position 2023 2022 2021
2022-2023 2021-2022
Cash and Cash Equivalent Net 24,344,954 32,042,907 47,008,027 (24.02) (31.84)
Marketable Securities and Government Bonds 85,119,827 65,518,998 72,286,342 29.92 (9.36)
– Net
Loans – Gross 213,369,870 196,611,014 181,613,420 8.52 8.26
Allowance for Impairment Losses (12,047,483) (13,197,385) (13,135,634) (8.71) 0.47
Loans - Net 201,322,387 183,413,629 168,477,786 9.76 8.87
Fixed Assets – Net 8,849,392 9,124,488 8,656,032 (3.01) 5.41
Other Assets – Net 14,732,673 16,654,277 14,358,773 (11.54) 15.99
Total Assets 334,369,233 306,754,299 310,786,960 9.00 (1.30)
Current Account 73,201,803 70,340,016 75,477,306 4.07 (6.81)
Saving Account 77,430,824 74,085,536 72,565,133 4.52 2.10
Time Deposits 85,229,043 82,763,005 93,306,071 2.98 (11.30)
Total Customer Deposits 235,861,670 227,188,557 241,348,510 3.82 (5.87)
Deposits from Other Banks 1,760,447 2,506,012 3,059,451 (29.75) (18.09)
Marketable Securities Issued and Subordinated 22,880,147 7,995,976 6,857,603 186.15 16.60
Loans
Borrowings 6,288,525 3,425,409 1,973,306 83.58 73.59
Other Liabilities 18,241,073 20,362,082 14,159,732 (10.42) 43.80
Total Liabilities 285,031,862 261,478,036 267,398,602 9.01 (2.21)
Total Equity 49,337,371 45,276,263 43,388,358 8.97 4.35
Total Liabilities and Equity 334,369,233 306,754,299 310,786,960 9.00 (1.30)
ASSETS
CIMB Niaga recorded total assets of Rp334.4 trillion in 2023, an increase of 9.00% from Rp306.8 trillion in 2022 with total
assets of Rp306.8 trillion. The increase in total assets was mainly due to Marketable Securities and Government Bonds -
Net which amounted to Rp85.2 trillion, up 29.92% from Rp65.5 trillion in 2022. The increase was also followed by loans
growth to Rp213.4 trillion, compared to the previous year of Rp196.6 trillion.
CASH AND CASH EQUIVALENT - NET
(in million Rupiah)
Growth (%)
Cash and Cash Equivalents - Net 2023 2022 2021
2022-2023 2021-2022
Cash 3,928,446 5,439,398 4,548,210 (27.78) 19.59
Current Account with Bank Indonesia 13,180,254 8,985,257 9,291,044 46.69 (3.29)
Current Account with Other Banks 2,703,266 2,748,458 2,822,988 (1.64) (2.64)
Placements with Bank Indonesia 4,252,742 14,502,467 29,584,452 (70.68) (50.98)
Placements with Other Banks 280,246 367,327 761,333 (23.71) (51.75)
Total 24,344,954 32,042,907 47,008,027 (24.02) (31.84)
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Cash and Cash Equivalent Composition - Net
At the end of 2023, the Bank’s net cash and cash
(%)
equivalents were recorded at Rp24.3 trillion, a decrease
of 24.02% from Rp32.0 trillion in 2022. The decrease in 1.62 1.15 1.15
cash and cash equivalents was mainly due to decrease in 62.93 45.26 17.47
Placements with Other Banks
placements with Bank Indonesia totaling Rp10.2 trillion 11.10
54.14 Placements with Bank Indonesia
to Rp4.3 trillion in 2023.
8.58 Current Account with Other Banks
28.04
Current Account with Bank Indonesia
6.01
19.76 Cash
16.98 16.14
9.68
2021 2022 2023
CASH
In 2023, the Bank’s cash reached Rp3.9 trillion, down Rp1.5 trillion or 27.78% compared to Rp5.4 trillion in 2022. The
decrease in cash mainly came from cash with Rupiah currency amounting to Rp1.5 trillion. The contribution of cash to
net cash and cash equivalents in 2023 amounted to 16.14%.
(in million Rupiah)
Growth (%)
Cash 2023 2022 2021
2022-2023 2021-2022
Rupiah 2,948,438 4,474,340 4,172,707 (34.10) 7.23
Foreign Currency
US Dollars 358,888 430,421 181,600 (16.62) 137.02
Others 621,120 534,637 193,903 16.18 175.73
Total 3,928,446 5,439,398 4,548,210 (27.78) 19.59
CURRENT ACCOUNT WITH BANK INDONESIA
In 2023, CIMB Niaga’s current accounts with Bank Indonesia reached Rp13.2 trillion, an increase of Rp4.2 billion, or
46.69%, from Rp9.0 trillion in 2022. The increase was mainly due to current accounts with Bank Indonesia in Rupiah of
Rp4.3 trillion, while current accounts with Bank Indonesia in Foreign Currency (United States Dollars) Rupiah decreased
by Rp126.3 billion.
(in million Rupiah)
Growth (%)
Current Accounts 2023 2022 2021
2022-2023 2021-2022
Rupiah 11,707,048 7,385,741 7,512,151 58.51 (1.68)
US Dollars 1,473,206 1,599,516 1,778,893 (7.90) (10.08)
Total 13,180,254 8,985,257 9,291,044 46.69 (3.29)
The current account balance with Bank Indonesia, including the Minimum Statutory Reserves (GWM), is the minimum
deposit that the Bank must maintain in its current account with Bank Indonesia. Furthermore, the Macroprudential
Intermediation Ratio (RIM) (previously known as the Loan-to-Funding Ratio GWM LFR), is the additional minimum
savings that the Bank must maintain in the form of current accounts with Bank Indonesia. CIMB Niaga’s Minimum
Statutory Reserves for Rupiah and Foreign Exchange for both Conventional and Sharia Business Units were calculated
in accordance with and complied with the provisions of Bank Indonesia Regulations and Regulations of Bank Indonesia
Board of Governors.
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CURRENT ACCOUNT WITH OTHER BANKS
In 2023, CIMB Niaga’s current accounts with other banks amounted to Rp2.70 trillion, a decrease of Rp45.2 billion, or
1.64%, from Rp2.75 trillion in 2022. The decrease in current accounts with other banks was mainly due to accounts
denominated in US Dollars, Euros, Australian Dollars, British Pounds Sterling, and Singapore Dollars, in the amount of
Rp235.6 billion, Rp226.8 billion, Rp132.3 billion, Rp72.5 billion, and Rp45.6 billion, respectively. Offset by an increase in
current accounts with other banks denominated in Japanese Yen, Chinese Yuan, and Hong Kong Dollar in the amount
of Rp307.4 billion, Rp162.1 billion, and Rp33.0 billion, respectively.
(in million Rupiah)
Growth (%)
Current Accounts with Other Banks 2023 2022 2021
2022-2023 2021-2022
Rupiah 352,004 177,957 23,544 97.80 655.85
Foreign Currencies
Japanese Yen 754,651 447,277 259,772 68.72 72.18
US Dollars 544,488 780,104 176,660 (30.20) 341.58
Singapore Dollars 289,486 335,050 523,452 (13.60) (35.99)
Chinese Yuan 175,137 13,025 43,035 1,244.62 (69.73)
Euro 174,170 400,974 910,086 (56.56) (55.94)
Great Britain Pound Sterling 170,260 242,749 139,658 (29.86) 73.82
Australian Dollars 111,146 243,453 617,003 (54.35) (60.54)
Hong Kong Dollar 55,572 22,615 - 145.73 100.00
Canadian Dollars 19,120 25,641 22,268 (25.43) 15.15
New Zealand Dollar 18,368 33,639 43,251 (45.40) (22.22)
Malaysian Ringgit 8,916 2,797 25,029 218.77 (88.82)
Others 29,948 23,177 39,230 29.21 (40.92)
Total 2,703,266 2,748,458 2,822,988 (1.64) (2.64)
PLACEMENT WITH OTHER BANKS AND BANK INDONESIA
Placements with other banks and Bank Indonesia amounted to Rp4.5 trillion in 2023, a decrease of Rp10.3 trillion,
or 69.52%, from Rp14.9 trillion in 2022. This decrease was mainly due to FASBI - Rupiah of Rp8.0 trillion and Bank
Indonesia’s time deposits in foreign currencies of Rp2.3 trillion.
(in million Rupiah)
Placement with Bank Indonesia and Growth (%)
2023 2022 2021
Other Banks 2022-2023 2021-2022
FASBI - Rupiah 1,850,809 9,801,082 10,600,121 (81.12) (7.54)
BI Time Deposits – Foreign Currency 2,401,933 4,701,385 18,984,331 (48.91) (75.24)
Placements with Bank Indonesia 4,252,742 14,502,467 29,584,452 (70.68) (50.98)
Call Money - Rupiah - - 609,786 - (100.00)
Call Money - Foreign Currency 288,960 376,135 159,679 (23.18) 135.56
Placements with Other Banks 288,960 376,135 769,465 (23.18) (51.12)
Less: Allowances for Impairment Losses (8,714) (8,808) (8,132) (1.07) 8.31
Total 4,532,988 14,869,794 30,345,785 (69.52) (51.00)
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MARKETABLE SECURITIES AND GOVERNMENT BONDS – NET
In 2023, CIMB Niaga recorded CIMB marketable securities and government bonds worth Rp85.1 trillion, an increase
of 29.92% from Rp65.5 trillion in 2022. The increase in securities and government bonds was due to an increase in
government bonds, securities purchased under a resale agreement (reverse repo), and securities amounting to Rp11.4
trillion, Rp4.6 trillion, and Rp3.6 trillion, respectively.
(in million Rupiah)
Marketable Securities and Government Bonds Growth (%)
2023 2022 2021
– Net 2022-2023 2021-2022
Marketable Securities 9,363,933 5,809,665 10,175,922 61.18 (42.91)
Government Bonds 70,596,507 59,199,026 60,520,764 19.25 (2.18)
Reverse Repo Securities 5,159,387 510,307 1,589,656 911.04 (67.90)
Total 85,119,827 65,518,998 72,286,342 29.92 (9.36)
MARKETABLE SECURITIES
(in million Rupiah)
Growth (%)
Marketable Securities – Gross 2023 2022 2021
2022-2023 2021-2022
Amortised cost 1,054,691 1,476,332 1,583,208 (28.56) (6.75)
Fair value through other comprehensive income 6,947,161 4,248,573 8,297,819 63.52 (48.80)
Fair value through profit and loss 1,401,241 103,188 310,957 1.258 (66.82)
Total 9,403,093 5,828,093 10,191,984 61.34 (42.82)
In 2023, CIMB Niaga’s investment structure in marketable GOVERNMENT BONDS
securities remained dominated by fair value instrument CIMB Niaga continues to invest in safe securities, such
securities through other comprehensive income, which as government bonds. CIMB Niaga also implemented
contributed 73.88%, or Rp6.9 trillion. This amount was an a number of initiatives to manage and utilize the
increase of 63.52% from Rp4.2 trillion in 2022. The types bank’s liquidity. As a result, by 2023, CIMB Niaga’s total
of securities with fair value instruments through profit or investment in government bonds reached Rp70.6
loss increased by 1,258% to Rp16.4 trillion in 2023. The trillion, an increase of 19.25%, or Rp11.4 trillion, from
amortized cost instrument will be Rp1.1 trillion in 2023. Rp59.2 trillion in 2022. The increase was mainly due to
government bonds with fair value instruments through
In 2023, the average annual interest rate for marketable profit and loss of 94.65%, or Rp8.0 trillion, followed by
securities investments was 6.73% in Rupiah and 3.93% in an increase in government bonds with fair value through
foreign currencies. In 2022, the average annual interest other comprehensive income of Rp5.6 trillion, which was
rate was 7.20% in Rupiah and 4.20% in foreign currencies. offset by a decrease in government bonds with amortized
cost instruments of Rp2.2 trillion.
In terms of collectability, these marketable securities were
well managed, with those classified as current amounting Additionally, the total government bonds owned by CIMB
to Rp9.4 trillion and those classified as non-performing Niaga, 51.12%, or Rp36.1 trillion, were purchased at fair
at Rp15.0 billion. In the previous year, investment in value through other comprehensive income. Other types
marketable securities classified as current amounted of government bonds at amortized cost and fair value
to Rp5.8 trillion, and those classified as non-performing through profit and loss totaled 18.1 trillion and Rp16.4
securities at Rp15.0 billion. No securities were classified trillion, respectively, with contributions of 25.63% and
as substandard. 23.26% in 2023.
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Government Bonds
on government bonds in 2022 was 7.13% in Rupiah and
(in trillion Rupiah)
3.72% in foreign currencies. As of December 31, 2023,
government bonds used as collateral for securities
16.4 purchased under a resale agreement (revese repo) were
5.5
37.8
8.4 worth Rp20.9 trillion, an increase from Rp6.4 trillion in
36.1 Fair value through profit and loss
30.4 2022.
Fair value through other comprehensive
income
Amortised cost REVERSE REPO SECURITIES
20.3 18.1 In 2023, the amount of reverse repo securities amounted
17.1
to Rp5.2 trillion, or an increase of 911.04% compared to
2021 2022 2023 the previous year, which amounted to Rp510.3 billion.
As of 31 December 2023, all reverse repo securities are
classified as current and stage 1, and there were no
Government Bonds by Maturity
balances of reverse repo securities with related parties.
(in trillion Rupiah)
LOANS
26.3 CIMB Niaga’s commitment to developing a healthy
> 5 years
11.1 loan portfolio is reflected in the provision of loans at
15.5 > 1 - ≤ 5 years
44.5 competitive interest rates as well as various marketing
29.3
39.1
> 3 - ≤ 12 months strategies. In loan disbursement, CIMB Niaga always
> 1 - ≤ 3 months prioritizes the principles of prudence and loan quality.
7.4 ≤ 1 months
3.4 2.7
0,2 1.8 7.5
CIMB Niaga increased loan disbursements by 8.52% in
1.4 0.1 2023 to Rp213.4 trillion, an increase from Rp196.6 trillion
2021 2022 2023
in 2022. The disbursement loans were guaranteed by
mortgages, rights to sell, time deposits, and other
CIMB Niaga’s government bond portfolio composition collateral. Loans with cash collateral in 2023 and 2022
held based on maturity remains dominated by bonds were Rp6.4 trillion and Rp6.5 trillion, respectively.
maturing in >1-≤ 5 years, representing 41.44% of the
total portfolio. Meanwhile, the proportion of government LOANS BASED ON CURRENCY
bonds maturing at > 1-≤ 3 months increased from 3.07% In 2023, loans provided in Rupiah had a dominant portion
in 2022 to 10.68% in 2023. Bonds with a maturity of more in the Bank’s loans portfolio. CIMB Niaga disbursed loans
than 5 years contributed to 37.24% of the total portfolio. in Rupiah in the amount of Rp184.1 trillion, or equivalent
to 86.27% of total loans. Meanwhile, loans in foreign
In 2023, the average annual interest rate on government currency reached 13.73% of total loans, or Rp29.3 trillion.
bonds was 7.06% in Rupiah and 3.83% in foreign In 2022, CIMB Niaga’s loan composition in Rupiah and
currency. Meanwhile, the average annual interest rate foreign currency was 87.45% and 12.55%, respectively.
(in million Rupiah)
Growth (%)
Loans Based on Currency 2023 2022 2021
2022-2023 2021-2022
Rupiah 184,076,821 171,933,980 162,670,944 7.06 5.69
Average interest rate (Rupiah) % 8.34 7.89 8.75 5.70 (9.78)
Foreign Currencies 29,293,049 24,677,034 18,942,476 18.71 30.27
Average interest rate (Rupiah) % 5.58 4.29 3.39 30.25 26.36
Total 213,369,870 196,611,014 181,613,420 8.52 8.26
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LOANS BASED ON GEOGRAPHIC AREA
Java Island continues to dominate bank loan disbursement by distribution area, with a proportion of 86.48% in 2023
and 86.92% in 2022. In 2023, the Jakarta region had the largest contribution to the total loan disbursement, which was
71.86%, followed by Sumatra and East Java, which had contributions of 6.84% and 6.35%, respectively.
(in million Rupiah)
Growth (%)
Loans based on Geographic Area 2023 2022 2021
2022-2023 2021-2022
Jakarta 153,322,585 140,799,448 134,227,223 8.89 4.90
Sumatera 14,588,662 13,062,339 11,590,203 11.68 12.70
East Java 13,556,931 12,439,098 8,993,574 8.99 38.31
West Java 10,417,192 9,423,219 8,699,111 10.55 8.32
Central Java 7,237,093 8,236,355 9,016,245 8.99 (8.65)
East Indonesia 6,794,087 6,731,731 4,631,506 0.93 45.35
Others 7,453,320 5,918,824 4,455,558 25.93 32.84
Total 213,369,870 196,611,014 181,613,420 8.52 8.26
LOANS BASED ON UTILIZATION TYPE
The Bank’s loan disbursement portfolio is diverse, allowing for effective management of the loan’s risks. In 2023,
working capital loans contributed to 42.38% of the Bank’s total loan portfolio, followed by consumption loans at 34.20%
and investment loans (23.44%).
(in million Rupiah)
Growth (%)
Loans Based on Utilization Type 2023 2022 2021
2022-2023 2021-2022
Working Capital 90,408,583 81,012,354 82,533,679 11.60 (1.84)
Investment 49,995,121 46,890,177 39,217,261 6.62 19.57
Consumption 72,966,166 68,708,483 59,862,480 6.20 14.78
Total 213,369,870 196,611,014 181,613,420 8.52 8.26
LOANS BASED ON ECONOMIC SECTORS
Property; manufacturing; trading, restaurant, hotel, and administration; consumption; and business services were the
five economic sectors that contributed to more than 78.93% of CIMB Niaga’s loans. These five sectors represented the
majority of CIMB Niaga’s total loan portfolio by economic sector in 2023, with each contributing 18.23%, 17.99%, 15.39%,
15.97%, and 11.37%, respectively.
(in million Rupiah)
Growth (%)
Loans Based on Economic Sectors 2023 2022 2021
2022-2023 2021-2022
Property 38,889,564 38,308,224 36,091,662 1.52 6.14
Manufacturing 38,365,381 37,941,652 32,359,596 1.12 17.25
Trading, restaurant, hotels, and administration 32,836,895 30,872,171 29,824,918 6.36 3.51
Consumption 34,076,602 30,400,259 22,907,903 12.09 32.71
Business services 24,252,082 17,186,361 15,853,506 41.11 8.41
Agriculture 11,980,044 11,185,251 12,950,314 7.11 (13.63)
Others 32,969,302 30,717,096 31,625,521 7.33 (2.87)
Total 213,369,870 196,611,014 181,613,420 8.52 8.26
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LOANS BASED ON SEGMENTATION
Based on business segmentation, Corporate Banking, which represented 39.10% of total loans disbursed by CIMB Niaga,
increased 11.66% to Rp83.4 trillion in 2023, an increase from Rp74.7 trillion in 2022. Consumer Banking contributed
33.67% of CIMB Niaga’s total loans, an increase of 6.92% to Rp71.8 trillion from Rp67.2 trillion. Subsequently, EBB
(Emerging Business Banking) increased by 9.49% to Rp24.9 trillion. Meanwhile, Commercial Banking increased by 3.87%
to Rp33.1 trillion from Rp31.9 trillion in 2022.
Loans Based on Segmentation
(in trillion Rupiah)
60.1 68.5 67.2 74.7 71.8 83.4
21.1 22.8 24.9
31.8 31.9 33.1
2021 2022 2023
Corporate Banking Commercial Banking EBB Consumer Banking
NON-PERFORMING LOANS
In 2023,non-performing loans ( NPLs) decreased by 23.80% to Rp4.2 trillion compared to Rp5.5 trillion in 2022. This was
due to the economic growth in the country as well as better collection process in 2023. CIMB Niaga’s gross NPL ratio
decreased from 2.8% in 2022 to 2.0% in 2023 as loans increased.
(in million Rupiah)
Growth (%)
NPL based on Collectibility 2023 2022 2021
2022-2023 2021-2022
Sub-standard 482,810 745,675 921,323 (35.25) (19.06)
Doubtful 760,489 662,600 721,945 14.77 (8.22)
Loss 2,914,251 4,048,106 4,568,639 (28.01) (11.39)
Total 4,157,550 5,456,381 6,211,907 (23.80) (12.16)
Commercial Banking and EBB’s NPL-gross ratios remain under control, having improved to 4.1% and 4.6% in 2023,
respectively, from 7.7% and 5.2% in 2022. Similarly, Corporate and Consumer Banking NPLs have improved from 0.7%
and 2.0% in 2022 to 0.5% and 1.7% in 2023, respectively.
NPL Gross Ratio (%) by Segment
7.7
7.2
5.2
4.6
4.1
4.1
2.6 Corporate Banking
2.0
Commercial Banking
1.7
2.1
0.7 EBB
0.5
Consumer Banking
2021 2022 2023
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From an economic sector perspective, the sectors that made the highest contribution in terms of non-performing loans
in 2023 were trading, restaurants, hotels, and administration (29.36%); manufacturing (22.43%); and property (18.88%).
(in million Rupiah)
2023 2022 2021
NPL based on Economic Sector
Rp million % Rp million % Rp million %
Trading, restaurants, hotels, and administration 1,220,659 29.55 2,171,675 39.93 2,493,569 40.14
Manufacturing 932,712 22.58 1,196,668 22.00 1,389,937 22.38
Property 784,788 19.00 846,948 15.57 713,386 11.48
Consumption 483,602 11.71 493,717 9.08 542,624 8.74
Construction 124,104 3.00 147,374 2.71 275,427 4.43
Business services 419,747 10.16 403,816 7.42 530,179 8.53
Agriculture 87,270 2.11 103,530 1.90 142,471 2.29
Transportation, warehouse, and communication 39,933 0.97 44,688 0.82 49,455 0.80
Social services 7,436 0.18 5,936 0.11 59,013 0.95
Mining 15,013 0.36 16,526 0.30 15,846 0.26
Electricity, gas, and water 15,548 0.38 7,869 0.14 - -
Total 4,130,811 100.00 5,438,747 100.00 6,211,907 100.00
IMPAIRED LOANS
In 2023, CIMB Niaga’s impaired loans were recorded at Rp12.2 trillion, a decrease from Rp13.9 trillion in 2022. In line
with these conditions, the impaired loan ratio decreased to 5.73% in 2023 from 7.05% in 2022.
The management believed that the established impairment loss allowance provided was sufficient to cover potential
losses arising from uncollectible loans. The allowance for loans impairment losses was Rp12.0 trillion in 2023 and
Rp13.2 trillion in 2022, with an impaired LLC ratio of 98.76% in 2023 and 95.22% in 2022.
The movements in allowances for Impairment Losses recorded by CIMB Niaga were as follows:
(in million Rupiah)
Growth (%)
Movement in Allowances for Impairment Losses 2023 2022 2021
2022-2023 2021-2022
Beginning balance 13,197,385 13,135,634 11,924,960 0.47 10.15
Impairment during the year 2,023,909 3,444,061 4,259,531 (46.60) (19.14)
Recovery of written-off loans during the year 33,708 47,244 123,289 (28.65) (61.68)
Write-offs during the year (2,456,176) (2,356,504) (2,021,198) (3.17) 25.50
Others* (751,343) (893,050) (1,150,948) (15.87) (22.41)
Ending balance 12,047,483 13,197,385 13,135,634 (8.71) 0.47
*
Includes difference in exchange rates due to foreign currency translation and loans sale
COMPLIANCE WITH BI REQUIREMENTS FOR LOANS
In 2023, the amount of MSME loans amounted to Rp22.8 trillion, an increase from Rp21.4 trillion in 2022. The ratio of
MSME loans to the total consolidated loans was 11.05%, a decrease from 11.21% in the previous year. The calculation
of this ratio was based on Bank Indonesia Regulation No. 23/13/PBI/2021, which has been revised through PBI No.
24/3/PBI/2022 concerning the Ratio of Macroprudential Inclusive Financing for Conventional Commercial Banks, Sharia
Commercial Banks, and Sharia Business Units.
OJK issued Regulation No.32/POJK.03/2018 regarding “Legal Lending Limit and Provision of Large Funds for Commercial
Banks,” which became effective on 1 June 2019, which has been updated with POJK No. 38/POJK.03/2019, which took
effect on 1 January 2020. The regulation sets the maximum lending limit to one and/or a group of non-related party
debtors, which is not to exceed 25% of the Bank’s core capital. As of 31 December 2023, 2022, and 2021, there were no
breaches or violations of the Legal Lending Limit (LLL) requirements for both related parties and third parties.
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ASSET QUALITY COMMITTEE
The determination of loan impairment can be undertaken through individual assessments and collective assessments.
The collective assessments evaluate the impairment value of a group of loans based on the estimated contractual
future cash flow, the historical loss rate of the loan group, and the period of the loss event in a small group until such
time as objective evidence can be identified. Individual assessments are based on an estimate of the revocable amount.
The evaluations of individual assessments are performed each month by the Asset Quality Committee.
The duties and responsibilities of the Asset Quality Committee include reviewing the quality of CIMB Niaga’s assets to
ensure they remain in line with CIMB Niaga’s overall risk appetite, including determining a list of debtor names that are
classified as Individual Assessments. The Asset Quality Committee is effective in increasing asset quality and reducing
the rate of growth of non-performing assets, including determining the allowance for impairment losses on debtors that
are classified as Individual Assessment based on the financial condition and current condition of the debtor.
Non-Significant Loan Significant Loan
Yes Yes
Asset Quality
Objective Proof of Objective Proof of Loan Individual
Committee
Impairment Impairment Assessment
Agreement
No
Loan Collective
Assessment
No
The Asset Quality Committee Consists of: THE STRATEGY TO IMPROVE ASSET QUALITY
1. Chair: Chief Special Asset Officer, Risk Management CIMB Niaga uses some preventive and “after-the-
Director (Alternate 1 & Member), Head of Non-Retail fact” strategies to improve asset quality. CIMB Niaga’s
Credit Risk Management (Alternate 2 & Member) preventive strategy includes updating its framework,
2. Secretary: Loans Secretariat, Head of DA & SOP and developing tools to integrate loan risk assessments
AQM, Head of Accounting Standards Implementation into CIMB Niaga’s business processes using ratings and
(Alternate) scorecards for loan decisions, liquidity risk assessments,
3. Members: Director of Business Banking, Director operating risk assessments, calculations of Loan Risk
of Strategy & Finance, Director of Syariah Banking, Weighted Assets (RWA) based on the internal rating
Director of CCAL (Invitee), Head of Corporate Banking, approach through system development within the
Corporate Banking Asset Quality Head, Corporate framework of implementing Basel II and III, and providing
Banking Business Credit Head, Head of Commercial training to strengthen the capability of the credit analyst
Banking, Commercial Banking Business Credit Head, team.
COMBA & EBB Credit Head, Head of LWO Corporate
Banking, Head of LWO Commercial Banking & EBB, One of the “after the fact” strategies is to improve
Head of Foreclosed Asset & Business Planning, Head the collection system, auction platform, and loan
of Finance (Alternate Director of Strategy & Finance), recovery, such as by selling foreclosed assets (AYDA)
Head of Sharia Business Banking (Alternate Director and collaborating with labor service providers like
of Sharia Banking), Compliance Head (CCAL Director’s Tele-Recovery. In addition, CIMB Niaga is committed to
Alternate Invitee). improving the bank’s risk culture.
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FIXED ASSETS
CIMB Niaga booked fixed assets of Rp8.8 trillion in 2023 and Rp9.1 trillion in 2022. This decrease was come from Asset
in progress - Tangiable Assets of Rp195.9 billion, offset by an increase in assets in progress of Rp189.5 billion, followed
by a decrease of Rp25.6 billion in equipment, machinery, and office furniture.
Bank fixed assets support CIMB Niaga’s operational activities. In 2023, PT Lippo General Insurance Tbk insured CIMB
Niaga’s fixed assets, which included buildings and motor vehicles, against fire, theft, and other risks for Rp6.6 trillion and
USD5.3 million. The management believes that the coverage is adequate to cover any potential losses to the insured
assets. There are no fixed assets used by CIMB Niaga and its subsidiaries for collateral.
Land, buildings, including renovations and installations, equipment, machinery, office furniture, and vehicles are among
the assets under construction. The construction is expected to be completed by 2024, with a current completion rate
of 70% to 80%.
(in million Rupiah)
Growth (%)
Fixed Assets 2023 2022 2021
2022-2023 2021-2022
Cost
Land 3,602,699 3,591,997 3,050,639 0.30 17.75
Buildings, including renovation and installation 2,983,451 2,964,266 2,961,988 0.53 0.08
Office equipment, machines, and furniture 2,761,732 2,736,142 2,804,138 0.94 (2.42)
Motor vehicles 29,807 70,423 70,264 (52.54) 0.23
Asset in progress – tangible assets 185,638 381,525 386,856 (51.34) (1.38)
Intangible assets 3,749,297 3,826,289 3,204,592 (2.01) 19.40
Asset in progress – intangible assets 617,296 427,832 538,307 44.28 (20.52)
Accumulated depreciation
Buildings, including renovation and installation (995,997) (989,573) (967,186) 0.65 2.31
Office equipment, machines, and furniture (1,778,455) (1,650,157) (1,635,296) 7.77 0.91
Motor vehicles (14,139) (56,955) (48,593) (75.17) 17.21
Intangible assets (2,291,937) (2,177,301) (1,709,677) 5.27 27.35
Total 8,849,392 9,124,488 8,656,032 (3.01) 5.41
OTHER ASSETS
Other assets include several accounts other than those listed above. In 2023, CIMB Niaga’s other assets amounted to
Rp14.7 trillion, a decrease of 11.54%, or Rp1.9 trillion, from Rp16.7 trillion in 2022. This decrease was primarily due to a
25.81% decrease in other assets, or Rp1.6 trillion, which came mainly from Salam Receivables.
(in million Rupiah)
Growth (%)
Other Assets 2023 2022 2021
2022-2023 2021-2022
Derivative receivables 849,014 969,308 909,081 (12.41) 6.63
Acceptance receivables 1,093,453 2,086,763 2,564,041 (47.60) (18.61)
Investments 3,659 3,659 3,659 - -
Foreclosed assets 236,480 234,552 223,684 0.82 4.86
Prepaid taxes 1,928,984 1,384,932 1,461,282 39.28 (5.22)
Accrued income 3,414,197 2,923,768 2,946,425 16.77 (0.77)
Prepaid expenses 1,195,194 1,119,629 1,138,706 6.75 (1.68)
Deferred tax assets 1,377,659 1,685,800 1,173,614 (18.28) 43.64
Other assets 4,634,033 6,245,866 3,938,281 (25.81) 58.59
Total 14,732,673 16,654,277 14,358,773 (11.54) 15.99
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DERIVATIVE RECEIVABLES ACCRUED INCOME
Derivative receivables decreased by 12.41%, or Rp120.3 Accrued income increased by Rp490.4 billion to Rp3.4
billion to Rp849.0 billion from Rp969.3 billion in the trillion compared to the previous year, which was Rp2.9
previous year. The decrease was mainly due to decrease trillion. This growth was due to an increase of Rp20.8
in foreign currency swaps of Rp84.9 billion, followed by billion in interest receivable from loans and an increase
interest rate swaps of Rp51.5 billion, offset by an increase of Rp469.6 billion in interest receivable from placements
in foreign currency futures of Rp39.4 billion. with other banks and Bank Indonesia, marketable
securities, government bonds, and securities purchased
ACCEPTANCE RECEIVABLES under resale agreements.
Acceptances receivable decreased by Rp993.3 billion to
Rp1.1 trillion, from Rp2.1 trillion in the previous year. PREPAID EXPENSES
The decrease was mainly due to acceptances receivable Prepaid expenses increased by Rp75.6 billion to Rp1.2
in foreign currency, which decreased by Rp564.5 billion, trillion compared to the previous year, which was Rp1.1
followed by a decrease in Rupiah currency acceptance trillion. This was mainly due to an increase in rent,
bills of Rp440.0 billion. office supplies and inventory, and gifts for customers
amounting to Rp67.1 billion, Rp49.0 billion, and Rp47.8
INVESTMENTS billion, respectively, which was offset by a decrease
CIMB Niaga’s investments consist mainly of investments in maintenance related to hardware and software
in venture banks in Indonesia. In 2023, CIMB Niaga’s amounting to Rp85.8 billion.
investments remained the same as the previous year, in
the amount of Rp3.7 billion. DEFERRED TAX ASSETS
Deferred tax assets decreased by Rp308.1 billion to Rp1.4
FORECLOSED ASSETS trillion in 2023 from Rp1.7 trillion in the previous year.
The amount of foreclosed assets increased by Rp1.9 The decrease in deferred tax assets was mainly due to the
billion to Rp236.5 billion in 2023 from Rp234.6 billion in establishment of an allowance for impairment losses on
2022. CIMB Niaga continues to make efforts to settle the a commercial basis, which is smaller than the allowance
foreclosed assets in its possession. Provision for losses for impairment losses on a fiscal basis.
on impaired foreclosed assets amounted to Rp233.8
billion. The management believes that the provision for OTHER ASSETS
losses on impaired foreclosed assets is sufficient to cover Other assets decreased by Rp1.6 trillion to Rp4.6 trillion
any potential losses on the foreclosed assets. from Rp6.2 trillion in the previous year. The decrease was
mainly due to Salam Receivable, which was a decrease of
PREPAID TAXES Rp2.1 trillion.
Prepaid taxes increased by 39.28%, or Rp544.0 billion,
to Rp1.9 trillion due to an increase in prepaid corporate LIABILITIES
income taxes amounting to Rp583.7 billion, which was CIMB Niaga consistently diversifies its sources of funding,
offset by a decrease in subsidiary income tax advances deriving from customer deposits, deposits from other
of Rp32.8 billion. banks, borrowings, and the issuance of corporate
bonds. This is in line with the Bank’s focus on raising
funds at lower costs, including through current accounts
and savings accounts. The low-cost funds (CASA) ratio
increased to 63.86% in 2023 from 63.57% in the previous
year, indicating that CIMB Niaga continued to manage
customer deposits effectively.
in million Rupiah
Growth (%)
Liabilities 2023 2022 2021
2022-2023 2021-2022
Customer Deposits 235,861,670 227,188,557 241,348,510 3.82 (5.87)
Deposits from Other Banks 1,760,447 2,506,012 3,059,451 (29.75) (18.09)
Marketable Securities Issued* 22,724,528 7,767,665 6,631,460 192.55 17.13
Subordinated Loans 155,619 228,311 226,143 (31.84) 0.96
Borrowings 6,288,525 3,425,409 1,973,306 83.58 73.59
Other Liabilities 18,241,073 20,362,082 14,159,732 (10.42) 43.80
Total Liabilities 285,031,862 261,478,036 267,398,602 9.01 (2.21)
*
including repo securities
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CUSTOMER DEPOSITS
In 2023, the total of the Bank’s customer deposits was posted at Rp235.9 trillion, an increase of 3.82% from Rp227.2
trillion in 2022. Time deposits remained the largest source of customer deposits, contributing 36.14%, or Rp85.2 trillion,
an increase of 2.98% compared to the previous year, which amounted to Rp82.8 trillion.
Savings accounts increased by 4.52% to Rp77.4 trillion, while current accounts increased by 4.07% to Rp73.2 trillion.
CIMB Niaga’s low-cost funds (CASA) ratio increased to 63.86% compared to the previous year, which stood at 63.57%.
This achievement was in line with CIMB Niaga’s focus on obtaining low-cost funding (CASA) for loan disbursement.
Various initiatives and programs, including direct promotion and product bundling, as well as enhancement of the
customer experience, are expected to increase low-cost funding.
in million Rupiah
Growth (%)
Customer Deposits 2023 2022 2021
2022-2023 2021-2022
Current Accounts 73,201,803 70,340,016 75,477,306 4.07 (6.81)
Savings Accounts 77,430,824 74,085,536 72,565,133 4.52 2.10
Time Deposit 85,229,043 82,763,005 93,306,071 2.98 (11.30)
Total 235,861,670 227,188,557 241,348,510 3.82 (5.87)
CUSTOMER DEPOSIT BY CURRENCY
In 2023, Rupiah-denominated accounts still dominated the customer deposit landscape of CIMB Niaga, with a
contribution of 83.77%, or Rp197.6 trillion, while the remaining portion of 16.23% or Rp38.3 trillion, was composed
of deposits in foreign currencies. This composition has not changed much compared to the previous year, where the
portion of customer deposits in Rupiah and foreign currency denominations totaled 82.60% and 17.40%,, respectively.
in million Rupiah
Growth (%)
Customer Deposits by Currency 2023 2022 2021
2022-2023 2021-2022
Rupiah 197,576,309 187,661,364 196,378,327 5.28 (4.44)
Foreign Currencies 38,285,361 39,527,193 44,970,183 (3.14) (12.10)
Total 235,681,670 227,188,557 241,348,510 3.82 (5.87)
COMPOSITION OF TIME DEPOSITS BY MATURITY
In 2023, CIMB Niaga’s time deposit products were well diversified. Time deposits with a maturity of >12 months made
the largest contribution, with a contribution of 30.52%, or reaching Rp26.0 trillion. Time deposits with a maturity of
more than one to three months came after this contribution and contributed 29.46% of the total, or Rp25.1 trillion.
Followed by time deposits with tenors ≤1 month, >3 - ≤6 months and >6 - <12 amounting to Rp5.6 trillion, Rp22.1 trillion
and Rp6.4 trillion respectively.
in million Rupiah
Growth (%)
Time Deposits by Maturity 2023 2022 2021
2022-2023 2021-2022
< 1 month 5,644,249 6,203,160 9,674,265 (9.01) (35.88)
> 1 - < 3 months 25,113,626 39,328,084 37,601,423 (36.14) 4.59
> 3 - < 6 months 22,054,914 9,756,680 15,253,619 126.05 (36.04)
> 6 - < 12 months 6,398,290 6,042,975 12,946,545 5.88 (53.32)
> 12 months 26,017,964 21,432,106 17,830,219 21.40 20.20
Total Time Deposit 85,229,043 82,763,005 93,306,071 2.98 (11.30)
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Composition of Time Deposits
by Maturity
(%)
19.10 25,89 30.52
> 12 months
13.87
7,30 > 6 - ≤ 12 months
16.34 7.50
11,78
25.87
47,51 > 3 - ≤ 6 months
40.29
> 1 - ≤ 3 months
29.46
≤ 1 month
10.36 7.49 6.62
2021 2022 2023
The following is the average annual interest rates of customer deposits:
(in %)
2023 2022 2021
Customer Deposits Foreign Foreign Foreign
Rupiah Rupiah Rupiah
Currencies Currencies Currencies
Current Accounts 2.39 0.98 1.78 0.22 1.88 0.25
Savings Accounts 2.22 0.95 1.52 0.31 1.75 0.25
Time Deposits 5.13 2.60 3.26 0.87 3.52 0.63
CUSTOMER DEPOSITS BY SEGMENTATION
In 2023, Consumer Banking rose by 10.88% to Rp116.8 trillion. Moreover, the Commercial and EBB segments increased
by 20.30% and 5.31% to Rp21.5 trillion and Rp37.1 trillion, respectively. Meanwhile, Corporate Banking decreased by
12.04% to Rp60.5 trillion.
(in trillion Rupiah)
Growth (%)
Customer Deposits by Segmentation 2023 2022 2021
2022-2023 2021-2022
Corporate Banking 60.48 68.76 84.95 (12.04) (19.06)
Commercial Banking 21.50 17.87 17.15 20.30 4.23
EBB 37.12 35.25 34.29 5.31 2.81
Consumer Banking 116.76 105.31 104.96 10.88 0.33
Total 235.86 227.19 241.35 3.82 (5.87)
Composition of Customer Deposits by Segmentation
(%)
25.64
49.50
9.12
15.74
Corporate Banking EBB
Commercial Banking Consumer Banking
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DEPOSITS FROM OTHER BANKS
In 2023, CIMB Niaga posted total deposits from other banks amounting to Rp1.8 trillion, a decrease of 29.75% compared
to Rp2.5 trillion in the previous year. The decrease in deposits from other banks was mainly attributed to the absence
of interbank call money placement in 2023. The largest share of deposits from other banks was attributed to current
accounts from other banks, with a portion of 84.74%.
in million Rupiah
Growth (%)
Deposits from Other Banks 2023 2022 2021
2022-2023 2021-2022
Current Acocunts 1,491,830 1,129,050 1,144,786 32.13 (1.37)
Savings Accounts 13,965 17,813 13,410 (21.60) 32.83
Interbank call money - 1,100,000 1,741,363 (100.00) (36.83)
Time deposits, deposits on call, mudharabah 254,652 259,149 159,892 (1.74) 62.08
time deposits
Total 1,760,447 2,506,012 3,059,451 (29.75) (18.09)
DEPOSITS FROM OTHER BANKS BY CURRENCY
Deposits from other banks were dominated by deposits in Rupiah. In 2023, deposits from other banks denominated in
Rupiah posted a decrease of 33.27%, or Rp739.1 billion, to Rp1.5 trillion. Moreover, deposits from other banks in foreign
currencies decreased by 2.29% to Rp227.8 billion. The composition of deposits in Rupiah and foreign currencies was
84.22% and 15.78%, respectively, in 2023.
Composition of Deposits from Other Banks by Currency
(%)
28.84 11.34 15.78
88.66
84.22
71.16
Foreign Currencies
Rupiah
2021 2022 2023
ISSUED SECURITIES
In February 2023, the subsidiary issued Sukuk Wakalah Bi Al-Istitsmar I CIMB Niaga Auto Finance Year 2023 amounting
to Rp1.0 trillion consisting of Series A amounting to Rp700.0 billion and Series B amounting to RP300.0 billion. The
issuance of wakalah bonds is used to support the financing activities of the subsidiary. As of 31 December 2023, CIMB
Niaga still has bonds that are listed but not yet matured, among others:
Bond Name Nominal (billion) Nisbah/ Coupon Issuance Date Maturity Date
Perpetual Sukuk Rp429.0 (Serial C) Nisbah 20.63% of shared revenue with 21 August 2019 21 August 2024
Mudharabah I Bank shared profit indication the equivalence
CIMB Niaga Phase II of 8.25% p.a
The Year 2019
Perpetual Bond III Bank Rp481.0 (Serial C) 7.80% 19 December 2019 19 December 2024
CIMB Niaga Phase I The
Year 2019
Perpetual Sukuk Rp391.0 billion Nisbah 18.13% (eighteen point thirteen 27 March 2020 27 March 2025
Mudharabah I Bank (Serial C) percent) of Shared Revenue with shared
CIMB Niaga Phase III profit indication the equivalence of 7.25%
The Year 2020 (seven point twenty five percent) per
year.
Sukuk Wakalah Sukuk Rp700.0 billion (Series 6.25% (Series A), 7.15% (Series B) 8 February 2023 18 February 2024
Wakalah Bi A) and Rp300.0 billion (Series A), 8 February
Al-Istitsmar I CIMB (Series B) 2026 (Series B)
Niaga Auto Finance
Year 2023
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The ratings of the securities for CIMB Niaga based on credit rating PT Pefindo is idAAA and for Subsidiary- CNAF based
on credit rating PT Fitch Ratings Indonesia is AAidn. During 2023, matured bonds are as follows:
Bond Name Nominal (billion) Nisbah/ Coupon Issuance Date Maturity Date
Perpetual Sukuk Rp287.0 billion Nisbah of 17.50% (seventeen point 27 March 2020 27 March 2023
Mudharabah I Bank (Serial B) five percent) of Shared Revenue with
CIMB Niaga Phase III shared profit indication the equivalence
The Year 2020 of 7.00% (seven percent) per year.
With the maturity of bond and the new issuance of Sukuk, as mentioned above, the total issued securities that are not
yet matured at the end of 2023 is Rp2.3 trillion, or an increase of 34.77% compared to Rp1.7 trillion in 2022.
SUBORDINATED BONDS
In 2023, the total subordinated bond that is not yet matured is Rp155.6 billion, or a decrease of 31.84% compared
to the position in 2022, which amounted to Rp228.3 billion. The decrease in subordinated bonds was because the
subordinated bond III, The Year 2018 Serial A, matured in 2023 in the amount of Rp75.0 billion. There was no issuance
of subordinated bonds during 2023. Bank CIMB Niaga Subordinated Bond rating in 2023 was idAA as rated by PT
Pemeringkat Efek Indonesia (Pefindo).
As of 31 December 2023, there are still listed and not yet matured subordinate bonds as follows:
Bond Name Nominal (billion) Nisbah/ Coupon Issuance Date Maturity Date
Subordinated Bond III Rp75.0 (Serial B) 10.00% 15 November 2018 15 November 2025
Bank CIMB Niaga The
Year 2018
Perpetual Rp83.0 8.05% 19 December 2019 19 December 2024
Subordinated Bond
I Bank CIMB Niaga
Phase I The Year 2019
REPO SECURITIES
In 2023, the amount of repo securities reached Rp20.4 trillion, an increase of 236.92% compared to the position in
2023, which amounted to Rp6.1 trillion. Securities sold under a repurchase agreement with Bank Indonesia as the
counterparty, which amounted to Rp16.2 trillion, were offset by other banks as the counterparty, which amounted to
Rp4.2 trillion.
BORROWINGS
The Bank’s borrowings were derived from subsidiaries’ loans with other banks. In 2023, these borrowings reached Rp6.3
trillion, increasing by 83.58% compared to the position in 2022, which amounted to Rp3.4 trillion. Of these borrowings,
the composition in Rupiah was 60.83%, while the remaining 39.17% were in foreign currencies.
(in million Rupiah)
Growth (%)
Borrowings 2023 2022 2021
2022-2023 2021-2022
Rupiah 3,825,005 3,425,409 1,973,306 11.67 73.59
Foreign Currencies 2,463,520 - - 100.00 na
Total 6,288,525 3,425,409 1,973,306 83.58 73.59
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OTHER LIABILITIES
In 2023, CIMB Niaga posted Rp18.2 trillion in other liabilities, a decrease of 10.42% compared to the position in 2022,
which amounted to Rp20.4 trillion. The decrease was mainly due to the decrease in acceptance payables in the amount
of Rp1.0 trillion, accrued expenses in the amount of Rp0.8 trillion, and derivative liabilities in the amount of Rp0.2 trillion.
(in million Rupiah)
Growth (%)
Other Liabilities 2023 2022 2021
2022-2023 2021-2022
Acceptance payables 1,102,091 2,106,596 2,603,607 (47.68) (19.09)
Accrued expenses 3,312,528 4,148,630 3,448,914 (20.15) 20.29
Immediate payables 3,581,921 3,705,094 3,239,391 (3.32) 14.38
Employee benefit obligations 1,540,595 1,462,022 1,355,055 5.37 7.89
Taxes payables 434,853 524,343 584,187 (17.07) (10.24)
Derivative liabilities 540,051 701,179 294,659 (22.98) 137.96
Other Liabilities 7,729,034 7,714,218 2,633,919 0.19 192.88
Total 18,241,073 20,362,082 14,159,732 (10.42) 43.80
ACCEPTANCE PAYABLES TAX PAYABLES AND DEFERRED TAX LIABILITIES
Acceptance payables experienced a decrease of Rp1.0 Tax payable was posted at Rp434.9 billion, a decrease
trillion to Rp1.1 trillion compared to the previous year, of 17.07% or Rp89.5 billion, which amounted to Rp524.3
which amounted to Rp2.1 trillion, which was mainly billion. The decrease was mainly due to the corporate
derived from acceptance payables in Rupiah, which income tax under Article 29, which amounted to Rp171.2
decreased by Rp440.0 billion and acceptance payables in billion. In 2023, there were no deferred tax liabilities.
foreign currency decreased by Rp564.5 billion.
DERIVATIVE LIABILITIES
ACCRUED AND INTEREST EXPENSE Derivative liabilities decreased by 22.98%, or Rp161.1
Accrued expenses decreased by 20.15%, or Rp836.1 billion, to Rp540.1 billion compared to the previous
billion, to Rp3.3 trillion compared to the previous year, year, which amounted to Rp701.2 billion. The decrease
which amounted to Rp4.1 trillion. Accrued expenses was mainly due to an interest rate swap in the amount
were mainly derived from accrued expenses from third of Rp245.5 billion and a foreign currency swap in the
parties. amount of Rp69.8 billion.
IMMEDIATE PAYABLES OTHER LIABILITIES
Immediate payables slightly decreased by 3,32%, or Other liabilities slightly increased by 0.19%, or Rp14.8
Rp123.2 billion, to Rp3.6 trillion compared to the previous billion, to Rp7.73 trillion compared to the previous year,
year, which amounted to Rp3.7 trillion. The decrease was which amounted to Rp7.72 trillion. The increase was
mainly due to the purchase of marketable securities by mainly due to unearned commissions and lease liabilities.
the government and others in the amount of Rp581.4
billion, merchant liabilities in the amount of Rp171.7 EQUITY
billion, offset by an increase in transfer liabilities in the In 2023, the amount of CIMB Niaga’s equity posted an
amount of Rp552.4 billion. increase of 8.97% compared to the previous year, from
Rp45.3 trillion to Rp49.3 trillion. The increase in equity
EMPLOYEE BENEFIT OBLIGATION was mainly due to the increase in retained earnings in
Employee benefit obligations were posted at Rp1.5 the amount of Rp3.6 trillion, this is due to the Bank’s net
trillion, an increase of 5.37%, or Rp78.6 billion. This was income posted in 2023.
mainly due to the increase in accrued bonus payments,
which amounted to Rp21.7 billion, offset by other post-
employment benefit obligations, which decreased by
Rp56.8 billion.
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(in million Rupiah)
Growth (%)
Equity 2023 2022 2021
2022-2023 2021-2022
Share Capital 1,612,257 1,612,257 1,612,257 - -
Additional Paid-in Capital 7,068,257 7,033,450 7,033,450 0.49 -
Treasury shares (135,104) (249,459) (252,477) (45.84) (1.20)
Reserve on revaluation of fixed assets 4,181,209 4,180,033 3,422,692 0.03 22.13
General and Statutory Reserves 351,538 351,538 351,538 - -
Unrealized (Loss)/Gain on marketable securities (879,270) (1,148,728) 461,557 (23.46) (348.88)
that are available for sale
Other equity 101,400 101,382 79,302 0.02 27.84
Retained earnings 36,892,257 33,311,417 30,668,803 10.75 8.62
Non-controlling interest 144,827 84,373 11,236 71.65 650.92
Total Equity 49,337, 371 45,276,263 43,388,358 8.97 4.35
SHARES CAPITAL AND ADDITIONAL PAID-IN CAPITAL Republic of Indonesia No. 1/1995, which was replaced by
In 2023, CIMB Niaga’s share capital did not change Law No. 40/2007, effective 16 August 2007 on Limited
compared to the previous year, amounting to Rp1.6 Liability Companies, which requires companies to set
trillion. Additional paid-in capital slightly increased by aside general reserves of at least 20% of the total issued
0.49%, or Rp34.8 billion. and fully paid-up capital. The law does not stipulate the
time period for this allowance.
TREASURY SHARES
In 2023, Treasury shares decreased by Rp114.4 billion, or UNREALIZED (LOSS)/GAIN ON MARKETABLE
45.84%, compared to the position in 2022. During 2023 SECURITIES AND GOVERNMENT BONDS
and 2022, the number of Treasury shares granted to AVAILABLE FOR ON FAIR VALUE THROUGH OTHER
employees amounted to 2,585,200 and 1,428,200 shares, COMPREHENSIVE INCOME
respectively, through the MRT (Material Risk Taker) In 2023, the unrealized (loss)/gain on marketable
program. Meanwhile, for the MESOP program, for the securities available for sale at fair value through other
remaining Treasury shares not executed in the MESOP comprehensive income recorded decrease in loss by
program, CIMB Niaga will transfer the remaining Treasury 23.46%, or Rp269.5 billion, to a loss of Rp879.3 billion
shares starting in 2023, in accordance with the applicable compared to the previous year, which posted a loss of
provisions. During 2023, the number of Treasury shares Rp1.1 trillion.
that have been transferred back amounted to 88,730,000
shares. OTHER EQUITY
In 2023, CIMB Niaga posted an 0.02% slightly increase
RESERVE ON REVALUATION OF FIXED ASSETS in other equity, which amounted to Rp101.40 billion
In 2023, CIMB Niaga conducted a revaluation of land compared to the previous year, which amounted to
and building fixed assets, which was carried out by Rp101.38 billion, which was entirely due to an increase in
KJPP Antonius Setiady & Rekan with valuation methods share-based compensation reserves.
using level 2, namely the market data method and the
cost method. The revaluation of fixed assets increased RETAINED EARNING
the book value by Rp1.2 billion, which was recorded Retained earnings posted an increase of 10.75%, or Rp3.6
as “Difference in Revaluation of Fixed Assets” in the trillion, to Rp36.9 trillion compared to the previous year,
other comprehensive income section in equity as of 31 which amounted to Rp33.3 trillion. This includes the
December 2023. distribution of cash dividends amounting to Rp2.9 trillion
on the Bank’s net profit for the 2022 fiscal year.
GENERAL AND STATUTORY RESERVES
CIMB Niaga’s general and statutory reserves remained NON-CONTROLLING INTEREST
unchanged compared to the previous year, which The balance for non-controlling interest increased
amounted to Rp351.5 billion. The general and statutory by Rp60.4 billion to Rp144.8 billion compared to the
reserves were formed in accordance with the Law of the previous year, which amounted to Rp84.4 billion, in line
with the increase of Subsidaries’ profit.
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Consolidated Statements of Profit and Loss and Other
Comprehensive Income
(in million Rupiah)
Statements of Profit and Loss and Other Growth (%)
2023 2022 2021
Comprehensive Income 2022-2023 2021-2022
Interest and sharia income 22,306,000 19,114,194 18,862,951 16.70 1.33
Interest and sharia expenses (8,953,617) (5,638,056) (5,774,091) 58.81 (2.36)
Net Interest and Sharia Income 13,352,383 13,476,138 13,088,860 (0.92) 2.96
Other fees and commissions 3,154,830 2,413,405 2,266,284 30.72 6.49
Foreign exchange gains/(losses) 176,255 (472,930) (92,522) (137.27) 411.15
Others 479,126 754,733 376,272 (36.52) 100.58
Total other operating income 3,810,211 2,695,208 2,550,034 41.37 5.69
Gains from trading financial instruments 1,097,419 1,953,932 806,522 (43.84) 142.27
Gains from sales of marketable securities 525,507 740,443 1,122,101 (29.03) (34.01)
Total non-interest income 5,433,137 5,389,583 4,478,657 0.81 20.34
Total non-interest income (BAU)* 5,433,137 5,389,583 4,478,657 0.81 20.34
Impairment losses on financial and non- (2,006,613) (3,813,709) (4,169,888) (47.38) (8.54)
financial assets
Personnel expenses (4,947,412) (4,675,107) (4,481,677) 5.82 4.32
General and administrative expenses (3,216,291) (3,475,341) (3,513,815) (7.45) (1.09)
Promotion expenses (419,824) (333,202) (283,745) 26.00 17.43
Total other operating expenses (8,583,527) (8,483,650) (8,279,237) 1.18 2.47
Total other operating expenses (BAU)** (8,583,527) (8,483,650) (8,132,754) 1.18 4.31
Net Operating income 8,195,380 6,568,362 5,118,392 24.77 28.33
Non-operating income - net 161,892 10,970 72,706 1.375.77 (84.91)
Profit before tax 8,357,272 6,579,332 5,191,098 27.02 26.74
Income tax expense (1,805,871) (1,482,561) (1,092,494) 21.81 35.70
Net Income 6,551,401 5,096,771 4,098,604 28.54 24.35
Income before income tax (BAU) 8,357,272 6,579,332 5,337,581 27.02 23.26
Income tax expense (BAU) (1,805,871) (1,482,561) (1,124,720) 21.81 31.82
Net Income (BAU) 6,551,401 5,096,771 4,212,861 28.54 20.98
Other comprehensive income net of tax 248,796 (904,213) (683,530) (127.52) 32.29
Total comprehensive income 6,800,197 4,192,558 3,415,074 62.20 22.77
*
Excludes revenue from strategic partners
**
Excludes PPKS labor expenses
INTEREST AND SHARIA INCOME
(in million Rupiah)
Growth (%)
Interest and Sharia Income 2023 2022 2021
2022-2023 2021-2022
Loans 16,817,788 14,567,485 14,433,487 15.45 0.93
Marketable securities and government bonds 4,763,147 4,084,102 4,131,668 16.63 (1.15)
Placements and current accounts with other 428,230 288,798 218,730 48.28 32.03
banks and Bank Indonesia
Others 296,835 173,809 79,066 70.8 119.83
Total 22,306,000 19,114,194 18,862,951 16.70 1.33
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CIMB Niaga managed to record Rp22.3 trillion in interest purchased under a resale agreement (reverse repo)
and sharia income in 2023, an increase of 16.70% from increased by 16.63%, or Rp4.8 trillion, from Rp4.1 trillion
Rp19.1 trillion in 2022. This achievement was mainly in the previous year. This was in line with an increase
caused by interest income from loan, which increased by in the average balance of marketable securities and
15.45% to Rp16.8 trillion from Rp14.6 trillion in 2022. The government bonds.
average interest rate for Rupiah loans in 2023 was 8.34%,
Interest and Sharia Income Composition
an increase from 7.89% in the previous year. Meanwhile,
(%)
the average interest rate on foreign currency loans 1.92 1.33
increased to 5.58% in 2023, from 4.29% in 2022.
21.35
Loans/Financing
Interest income from placements and current accounts
with other banks and Bank Indonesia reached Rp428.2 Marketable securities and
government bonds
billion, an increase of 48.28% from Rp288.8 billion in Placements and current accounts
the previous year. Whereas, the Bank’s interest income with Bank Indonesia and other
banks
from securities, government bonds, and securities Others
75.40
INTEREST AND SHARIA EXPENSES
(in million Rupiah)
Growth (%)
Interest and Sharia Expenses 2023 2022 2021
2022-2023 2021-2022
Customer Deposits: 7,714,519 4,906,001 5,026,305 57.25 (2.39)
Current accounts 1,543,819 1,106,708 997,968 39.50 10.90
Saving accounts 2,086,398 1,481,153 1,531,138 40.86 (3.26)
Time deposits and certificates of deposit 4,084,302 2,318,140 2,497,199 76.19 (7.17)
Borrowings and subordinates bonds 314,525 242,465 126,872 29.72 91.11
Marketable securities issued 172,905 359,038 496,690 (51.84) (27.71)
Others 751,668 130,552 124,224 475.76 5.09
Total 8,953,617 5,638,056 5,774,091 58.81 (2.36)
In 2023, CIMB Niaga recorded interest and sharia expenses Interest and Sharia Expenses Composition
of Rp9.0 trillion, an increase of 58.81% from Rp5.6 trillion (%)
in 2022. This was primarily driven by a 76.19% increase
20.01
in interest expenses on time deposits to Rp4.1 trillion, 52.94
up from Rp2.3 trillion in 2022. This growth was followed
Current Accounts
by a decrease of 51.84% in marketable securities issued
as the securities matured in 2023. Interest expenses on Saving Accounts
customer deposits increased by 57.25% to Rp7.7 trillion, Time Deposits and certificates
of deposit
an increase from Rp4.9 trillion in 2022. In 2023, interest
expense on customer deposits contributed to 86.16% of 27.05
total interest and sharia expenses, an increase of 87.02%
in 2022.
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Interest expense on time deposits and certificates of NET INTEREST INCOME
deposit became the largest component of interest In 2023, the Bank’s net interest income decreased by
expense on customer deposits, which was 45.62%, 0.92% to Rp13.4 trillion from Rp13.5 trillion in 2022. The
or Rp4.1 trillion. Interest expense on time deposits decrease in net interest income was due to the increase
increased by 76.19% from Rp2.3 trillion in the previous in the Bank’s interest expense in line with the increase in
year. The average interest rate on time deposits in interest rates on third party funds in the market. The Net
Rupiah increased to 5.13% in 2023, an increase from Interest Margin (NIM) was reduced to 4.40% in 2023 from
3.26% in 2022, and followed by an increase of interest 4.69% in 2022.
rate foreign currency to 2.60% from 0.87% in the
Net Interest Income (in trillion Rupiah)
previous year. Interest expense on Rupiah current
and NIM
accounts increased by 39.50%, followed by a 40.86%
4.86% 4.69% 4.81%
increase on Rupiah savings accounts.
4.51% 4.71%
4.40%
Interest expenses on marketable securities were 13.5
13.1 13.4
recorded at Rp172.9 billion, or 51.84%, primarily due to NIM CIMB Niaga
securities maturing in 2023. NIM Industry
(source: SPI Dec 2023,
OJK)
Meanwhile, interest expenses from borrowings and
subordinated bonds increased by 29.72%, or Rp242.5
billion, to Rp314.5 billion, due primarily to interest on
loans received by subsidiaries in line with the increase in
their portfolios.
2021 2022 2023
NON-INTEREST INCOME
In 2023, non-interest income reached Rp5.43 trillion, an increase of 0.81% compared to 2022, which amounted to
Rp5.39 trillion. This achievement was mainly due to an increase in other fees and commissions by 30.72% or Rp741.4
billion. This increase was followed by foreign exchange profits in the amount of Rp649.2 billion and offset by a decline
in changes in fair value of financial instruments traded in the amount of Rp856.5 billion.
(in million Rupiah)
Growth (%)
Non-Interest Income 2023 2022 2021
2022-2023 2021-2022
Other Fees & Commissions 3,154,830 2,413,405 2,266,284 30.72 6.49
Gains from sale of trading financial 1,097,419 1,953,932 806,522 (43.84) 142.27
instruments
Gains from sale of marketable securities 525,507 740,443 1,122,101 (29.03) (34.01)
Foreign exchange gains/(losses) 176,255 (472,930) (92,522) 137.27 (411.15)
Others 479,126 754,733 376,272 (36.52) 100.58
Total 5,433,137 5,389,583 4,478,657 0.81 20.34
The largest proportion of non-interest income was derived from other fees and commissions, at 58.07%. Other fees and
commissions income an increase compared to last year of 44.78%, mainly due to income from other service income
and bancassurance income amounted to Rp459.1 billion and Rp326.6 billion, respectively, or an increase of 134.02%
and 41.33% in the previous year.
(in million Rupiah)
Growth (%)
Other Fees & Commissions 2023 2022 2021
2022-2023 2021-2022
Bancassurance income 1,116,896 790,286 672,120 41.33 17.58
Customer administration fees 563,350 586,882 627,171 (4.01) (6.42)
Arranger fees 294,188 262,415 217,784 12.11 20.49
Export-import document fees 98,798 109,158 150,632 (9.49) (27.53)
Custodian services fees 91,510 107,302 129,582 (14.72) (17.19)
Clearing and transfer services 100,843 91,995 89,049 9.62 3.31
Credit card interchange fee income 7,786 71,441 117,517 (89.10) (39.21)
Annual fee income 79,859 51,394 46,331 55.39 10.93
Others 801,600 342,532 216,098 134.02 58.51
Total 3,154,830 2,413,405 2,266,284 30.72 6.49
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Gains from financial instrument trading were reduced by Rp1.1 trillion due to derivative instruments. Meanwhile, the
gain from the sale of marketable securities decreased by Rp214.9 billion, or 29.03%, to Rp525.5 billion from Rp740.4
billion in 2022, due primarily to a decrease in gains from the sale of government bonds of Rp690.5 billion to Rp478.2
billion.
CIMB Niaga’s ratio of non-interest income to total operating income (Fee Income Ratio) increased to 28.92% in 2023
from 28.57% in the previous year.
IMPAIRMENT LOSSES ON FINANCIAL AND NON-FINANCIAL ASSETS
In 2023, Allowance for Impairment Losses expenses decreased by Rp1.8 trillion or 47.38% to Rp2.0 trillion compared
to 2022, which was posted at Rp3.8 trillion. The decline in Allowance for Impairment Losses was derived from the
decrease in the level of provisions on loans by 41.22% to Rp2.0 trillion. The allowance of other provisions decreased by
Rp395.5 billion, which was mainly due to an decrease in commitment and contingency provisions by Rp341.5 billion. In
addition to commitment and contingency provisions, other provisions consist of other suspense account and receivable
provisions, provisions of foreclosed assets, provisions of securities, and provisions of placements and other banks.
CIMB Niaga also continues to implement prudential principles when calculating reserves for assets, particularly loans,
which rose from 242.75% in 2022 to 292.11% in 2023.
(in million Rupiah)
Impairment Losses on Financial and Non- Growth (%)
2023 2022 2021
Financial Assets 2022-2023 2021-2022
Loans 2,012,714 3,424,328 4,168,006 (41.22) (17.84)
Others (6,101) 389,381 1,882 (101.57) 206x
Total (2,006,613) 3,813,709 4,169,888 (47.38) (8.54)
OTHER OPERATING EXPENSES
In 2023, other operating expenses increased by 1.18% to Rp8.6 trillion compare from Rp8.5 trillion in 2022. This increase
was primarily due to an increase in personnel expenses of Rp272.3 billion, or 5.82%, to Rp4.9 trillion in 2023 from Rp4.7
trillion in 2022.
(in million Rupiah)
Growth (%)
Other Operating Expenses 2023 2022 2021
2022-2023 2021-2022
Personnel expenses 4,947,412 4,675,107 4,481,677 5.82 4.32
General and administrative expenses 3,216,291 3,475,341 3,513,815 (7.45) (1.09)
Promotion expenses 419,824 333,202 283,745 26.00 17.43
Total 8,583,527 8,483,650 8,279,237 1.18 2.47
Total (BAU)* 8,583,527 8,483,650 8,132,754 1.18 4.31
* Exclude personnel expenses related to PPKS
PERSONNEL EXPENSES
In 2023, personnel expenses increased by 5.82% and was posted at Rp4.9 trillion compared to Rp4.7 trillion in 2022. This
increase was mainly due to the increase in salaries and wages, which was posted at Rp2.6 trillion, compared to Rp2.4
trillion in 2022. This was followed by an increase of 4.77% or Rp100.5 billion in allowances for employees compared to
the previous year.
Personnel Expenses
(in million Rupiah)
179
154
145
2,204
1,924 2,104
Training and education
Allowances
2,413 2,417 2,564
Salaries and wages
2021 2022 2023
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GENERAL AND ADMINISTRATIVE EXPENSES
In 2023, general and administrative expenses posted a decrease of 7.45% or Rp259.0 billion, mainly deriving from the
decrease in rental, depreciation, and building maintenance in the amount of Rp182.6 billion, telephone, telex, and
computer expenses in the amount of Rp136.7 billion, and offset wtih the increase in outsourced service expenses in the
amount of Rp52.0 billion.
General and Administrative Expenses
(in million Rupiah)
481 464
436 Others
1,307 1,453
1,365
Communication and Transportation
Rental, Depreciation, and Building Maintenance
1,001
916 728 Professional Fees
660 616 Office Supplies
582
65 60 71
2021 2022 2023
PROMOTION EXPENSES budget setting; improving the cost-recognition process;
Promotional expenses increased by 26.0%, or Rp86.6 FSAS 73 (IFRS 16) for rental expenses; applying the SMART
billion, to Rp419.8 billion in 2023, from Rp333.2 billion system, which allows for more efficient operations such
in 2022. This was consistent with the expansion of the as the paperless system in cost administration and the
bank’s promotional activities, both in terms of events and YODA system for personnel-related expenses; and
digital promotions. evaluating and monitoring branch-office expenses, using
digital media for promotional activities, conducting online
In 2023, the cost-to-income ratio decreased to 44.83% events related to promotional activities, maximizing
from 44.91% in 2022. CIMB Niaga is always committed to online meetings, employee training is carried out in CIMB
and will continue to implement a smart spending culture buildings and via online media (LOG) for employees,
in all existing units in order to reduce operating costs being selective when choosing employee event activities,
and, ultimately, increase profitability. efficient rental costs by reducing office rent at several
head offices due to the Flex Work program. And Non-
COST EFFICIENCY PROGRAM Flex, creating a hybrid working space where employees
Since 2014, CIMB Niaga has implemented a smart with the Flex work category can use the working space
spending culture that prioritizes good costs while when working in the office, as well as to increase
eliminating bad costs. CIMB Niaga implements innovative productivity, flexibility, and expected engagement, while
cost-saving programs across all business lines. still prioritizing employee safety and information security
(HR provisions in the 4th quarter of 2023, which require
CIMB Niaga always practices prudent cost management to be present in the office at least the equivalent of 3
as part of its operating expenses (Opex) and capital days a week), and re-evaluating the number and costs of
expenditures (Capex). This is monitored by the contract employees in relation to cost efficiency targets
Mandatory Review Team led by the Director of Finance at CIMB Niaga.
and SPAPM. This special team represents CIMB Niaga’s
commitment to responsible spending by assessing and NON-OPERATING INCOME – NET
providing input on what costs are considered feasible in In 2023, CIMB Niaga recorded a non-operating income-
the Bank’s business processes. net of Rp161.9 billion, an increase of Rp150.9 billion,
from Rp11.0 billion in the previous year. This increase
Several cost-cutting initiatives continued to be was mainly due to other income of Rp144.2 billion and
implemented throughout 2023, such as the investment gain on sale of fixed assets of Rp8.7 billion.
policy; implementation of cost control, including annual
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(in million Rupiah)
Growth (%)
Non-Operating Income - Net 2023 2022 2021
2022-2023 2021-2022
Rental income 5,595 6,544 5,662 (14.50) 15.58
Gain/(loss) on the sale of fixed assets 5,076 (3,580) 2,267 (241.79) (257.92)
Penalty (1,299) (275) (210) 372.36 30.95
Others - net 152,520 8,281 64,987 17.42x (87.26)
Total 161,892 10,970 72,706 13.76x (84.91)
PROFIT BEFORE INCOME TAX
In 2023, Cimb Niaga recorded a profit before income tax of Rp8.4 trillion, an increase of 27.02%, or Rp1.8 trillion,
compared with the achievement in 2022, which was Rp6.6 trillion. The increase was mainly due to an increase in net
operating income of 24.77%, to Rp8.2 trillion, followed by a decrease in impairment losses of 47.38%, to Rp2.0 trillion
in 2023.
INCOME TAX
In 2023, CIMB Niaga recorded a corporate income tax of Rp1.8 trillion, an increase of 21.81% from the previous year,
which was Rp1.5 trillion. This was due to an increase in current tax expenses from last year, in line with the increase in
the Bank’s profitability.
(in million Rupiah)
Growth (%)
Income Tax 2023 2022 2021
2022-2023 2021-2022
Current tax 1,522,356 1,654,199 1,440,285 (7.97) 14.85
Deferred tax 283,515 (171,638) (347,791) (265.18) (50.65)
Total 1,805,871 1,482,561 1,092,494 21.81 35.70
NET PROFIT
CIMB Niaga achieved a net profit of Rp6.6 trillion in 2023, an increase of 28.54% from Rp5.1 trillion in 2022. This
achievement was made feasible by well-managed operating income and cost control, while remaining prudent about
the Bank’s future performance. CIMB Niaga will continue expanding its business by implementing a solid strategy and
consistently providing the best banking solutions for customers, supported by digital transformation and data analytics.
OTHER COMPREHENSIVE INCOME AFTER TAX
In 2023, CIMB Niaga booked other comprehensive income after tax of Rp248.8 billion whereas in the previous year a
loss of Rp904.2 billion was recorded. This was mainly due to the increase in gain on changes in fair value of marketable
securities and government bonds in fair value through comprehensive income.
(in million Rupiah)
Growth (%)
Other Comprehensive Income After Tax 2023 2022 2021
2022-2023 2021-2022
Reserve on revaluation of fixed assets 1,176 757,274 - (99.84) 100.00
Remeasurement of post-employment benefits (26,814) (67,625) (4,496) (60.35) 14x
obligation actuarial gains/(losses)
Income tax relating to item that will not be re- 4,976 16,423 4,695 (69.70) 249.80
classified to profit or loss
Items that will not be re-classified to profit (20,662) 706,072 199 (102.93) 3.547x
or loss
Unrealised gain from changes in the fair value 299,060 (1,934,410) (766,430) (115.46) 152.39
of marketable and government bonds on fair
value through comprehensive income
Income tax relating to item that will be re- (29,602) 324,125 82,701 (109.13) 291.92
classified to profit or loss
Items that will be re-classified to profit or loss 269,458 (1,610,285) (683,729) (116.73) 135.52
Total 248,796 (904,213) (683,530) (127.52) 32.29
EARNINGS PER SHARE
In 2023, IMB Niaga recorded Basic Earnings per Share (EPS) of Rp259.45 per share, whereas in 2022, it was recorded at
Rp202.21. The increase in Basic Earnings per Share was primarily due to the Bank’s improving performance, particularly
in terms of reducing net profit.In the 2021-2023 period, CIMB Niaga did not have potential diluted shares.
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Cash Flow Statements
(in million Rupiah)
Growth (%)
Statement of Cash Flows 2023 2022 2021
2022-2023 2021-2022
Net Cash Flow (to)/from Operating Activities (1,796,976) (16,360,431) 29,609,510 (89.02) (155.25)
Net Cash Flow (to)/from Investing Activities (5,998,437) 5,994,554 (9,043,175) (200.06) 166.29
Net Cash Flow (to)/from Financing Activities 329,226 (4,938,480) (1,773,338) (106.67) 178.48
Changes in exchange rate differences in cash and (102,346) 339,913 184,249 (130.11) 84.49
cash equivalents
Net (Decrease)/Increase in Cash and Cash Equivalents (7,568,533) (14,964,444) 18,977,246 (49.42) (178.85)
Position of Cash and Cash Equivalents at the 32,051,715 47,016,159 28,038,913 (31.83) 67.68
Beginning of the Year
Position of Cash and Cash Equivalents at the End 24,483,182 32,051,715 47,016,159 (23.61) (31.83)
of the Year
At the end of 2023, CIMB Niaga’s cash and cash or Rp12.0 trillion from 2022, with a deficit of Rp6.0 trillion
equivalents reached Rp24.5 trillion, a decrease of Rp7.6 in net cash flow from activities. This decrease was mainly
trillion from Rp32.1 trillion at the beginning of the year. due to the sale of securities and government bonds at
fair value through other comprehensive income, and the
CASH FLOW USED/RECEIVED FROM amortized cost decreased by Rp21.8 trillion.
OPERATING ACTIVITIES
In 2023, CIMB Niaga recorded a net cash flow deficit from CASH FLOWS (USED FOR)/OBTAINED FROM
operating activities of Rp1.8 trillion, a decrease of 89,02% FINANCING ACTIVITIES
or Rp14.6 trillion from the position in 2022, which was a CIMB Niaga recorded a net cash flow surplus from
surplus of Rp16.4 trillion. This decrease was mainly due to financing activities of Rp329.2 trillion in 2023, an increase
customer deposits with a surplus balance of Rp8.1 trillion from a deficit of Rp4.9 trillion in 2022. This change in cash
in 2023 and a deficit balance of Rp9.0 trillion in 2022. flow was caused by a decrease in principal and interest
payments from bonds and securities issued of Rp3.5
CASH FLOWS (USED FOR)/OBTAINED FROM trillion, followed by an increase from additional loans
INVESTING ACTIVITIES received of Rp1.2 trillion.
In 2023, CIMB Niaga recorded a net cash flow surplus from
investing activities of Rp6.0 trillion, a decrease of 200.06%
Key Financial Ratios
Financial ratios are an adequate measuring tool for use as a benchmark in determining the Bank’s policies/plans. These
financial ratios allow the bank to identify, analyze, and measure performance, as well as make necessary improvements
to ensure sustainable Bank growth.
in percentage (%)
Key Financial Ratio 2023 2022 2021
Net Interest Margin (NIM) 4.40 4.69 4.86
CASA Ratio 63.86 63.57 61.34
Gross Non-Performing Loans (NPL Gross) 1.96 2.80 3.46
Net Non-Performing Loans (NPL- Net) 0.71 0.75 1.17
Cost to Income Ratio 44.83 44.91 46.71
Cost of Credit Ratio 1.03 1.85 2.42
Loan to Deposit Ratio (LDR) 89.30 85.39 74.35
Liquidity Coverage Ratio (LCR) - Consolidated 249.58 227.52 263.99
Capital Adequacy Ratio (CAR) 24.02 22.19 22.68
CET-1 Capital Ratio 22.89 21.11 21.61
Return on Assets Ratio (ROA) 2.59 2.16 1.82
Return on Equity Ratio (ROE - Tier 1) 15.02 12.59 10.44
Operating Expenses to Operating Income (BOPO) 71.47 74.10 78.97
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Prime Lending Rate
Commercial banks engaging in conventional business activities have an obligation to report and publish their Prime
Lending Rate (PLR) in Rupiah. This is regulated as stated in OJK Regulation No. POJK No.37/POJK.03/2019 on Transparency
and Publication of Bank Reports and the Circular Letter of OJK No. 9/SEOJK.03/2020 on Transparency and Publication of
Conventional Commercial Bank Reports.
Disclosure of the Prime Lending Rate is one of the efforts carried out by the Bank to improve good corporate governance
and encourage healthy competition within the banking industry, among others, through the establishment of better
market discipline. The reporting and publication of the Prime Lending Rate is also one of the efforts undertaken by the
Bank to provide transparency to customers as well as to facilitate customers in weighing the benefits, costs, and loan
risks that are being offered.
For the Bank, the Prime Lending Rate serves as an indicator for the loan interest rates for customers, which allows
the Bank to continuously update its Prime Lending Rate in accordance with BI-rate movements set by Bank Indonesia.
The Prime Lending Rate calculation considers 3 (three) main components, including the cost of funds for loans, which
is derived from customer deposits, operating expenses incurred for funding and loan disbursement activities, as well
as the profit margin component, which is determined by the Bank in a loan disbursement activity. The Prime Lending
Rate calculation excludes the risk premium component of each debtor, which is determined by a risk assessment of the
individual debtor. As a result, the lending interest rate offered to individual debtors may differ from the Prime Lending
Rate.
CIMB Niaga is required to report the Prime Lending Rate calculation to the OJK on a monthly basis and periodically
publish it in the media. Prime Lending Rate calculation applies to corporate, retail, and consumer loans (mortgage
and non-mortgage). The classification of loans for calculating the prime lending rate is based on business segments
according to the internal criteria used by the Bank as follows:
1. Corporate loans, which are loans given to corporate banking and commercial customers;
2. Retail loans, which include loans extended to Emerging Business Banking (EBB) clients;
3. Micro loans, however, since the 4th quarter of 2017, CIMB Niaga no longer offers micro loans and;
4. Consumer loans (mortgage and non-mortgage) which include Auto Loans, excluding credit cards and personal
loans.
The following are the comparisons between the 2023 Prime Lending Rate and the 2022 average Prime Lending Rate:
PRIME LENDING RATE TABLE
Prime Lending Rate by Loan Segment
Loans Consumer Loans BI 7DRR
Corporate Retail Mortgage Non-Mortgage
2023
March 8.00% 8.75% 7.30% 8.50% 5.75%
June 8.00% 8.75% 7.30% 8.50% 5.75%
September 8.00% 8.75% 7.30% 8.50% 5.75%
December 8.00% 8.75% 7.30% 8.50% 6.00%
2022
Average in 2022 8.00% 8.75% 7.25% 8.50% 4.00%
The latest applicable Prime Lending Rate information is available at each branch office and/or on the website of CIMB
Niaga (https://www.cimbniaga.co.id/id/tentang-kami/berita/suku-bunga-dasar-kredit).
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FUND INTEREST RATE
Information about savings interest rates, deposits, and Bank current accounts as of 31 December 2023, is as follows:
TABEL SUKU BUNGA GIRO
Interest Rate
Description
2023 2022
Rupiah 2.39% 1.78%
Foreign Exchange 0.98% 0.22%
TABEL SUKU BUNGA TABUNGAN
Interest Rate
Description
2023 2022
Rupiah 2.22% 1.52%
Foreign Exchange 0.95% 0.31%
TABEL SUKU BUNGA DEPOSITO
Interest Rate
Description
2023 2022
Rupiah 5.13% 3.26%
Foreign Exchange 2.60% 0.87%
Commitments and Contingencies
CIMB Niaga has commitments and contingencies with a loan risk of Rp103.6 trillion in December 2023, an increase
of 12.07%, or Rp11.2 trillion, from the December 2022 position of Rp92.4 trillion. The increase was mainly due to an
unutilized portion of fund facilities, which increased from Rp87.2 trillion in 2022 to Rp97.3 trillion in 2023, as well as
guarantees issued, which increased to Rp5.4 trillion from Rp4.8 trillion in 2022. Contingencies net were recorded at
Rp4.7 trillion, an increase from the previous Rp3.9 trillion.
(in million Rupiah)
Growth (%)
Commitments and Contingencies 2023 2022 2021
2022-2023 2021-2022
Commitments
Unutilised Portion of Fund Facilities (97,252,341) (87,197,694) (80,811,577) 11.53 7.90
Outstanding Irrevocable Letters of Loans (1,625,442) (1,309,897) (2,285,518) 24.09 (42.69)
Others (4,701) (4,753) (4,352) (1.09) 9.22
Commitments - Net (98,882,484) (88,512,344) (83,101,447) 11.72 6.51
Contingencies
Contingent Receivables 641,032 897,672 940,789 (28.59) (4.58)
Guarantees Received 33,576 134,621 118,281 (75.06) 13.81
Interest Receivable on Non-Performing Assets 607,456 763,051 822,508 (20.39) (7.23)
Contingent Payables (5,364,148) (4,832,874) (4,416,040) 10.99 9.44
Guarantees Issued (5,364,148) (4,832,874) (4,416,040) 10.99 9.44
Contingencies - Net (4,723,116) (3,935,202) (3,475,251) 20.02 13.24
Commitments and Contingencies - Net (103,605,600) (92,447,546) (86,576,698) 12.07 6.78
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Brief Report of the Subsidiaries
PT CIMB Niaga Auto Finance is a subsidiary of PT Bank CNAF not only launched the CNAF Mobile application
CIMB Niaga Tbk, a financing company. Based on Deed No. but also held a 3-dimensional virtual auto show as a new
5, dated 6 January 2022, which was made before Notary breakthrough in the financing sector. CNAF also offers
Dini Lastari Siburian S.H., concerning the Statement of interesting programs, such as the Showroom Financing
Decisions Outside the General Meeting of Shareholders product, which provides working capital financing to
of PT CIMB Niaga Auto Finance, CNAF issued 400,000 showroom partners to assist them in purchasing vehicles.
new shares with a nominal value of Rp50,000 per
share, for a total of Rp20,000,000,000. The amount of CNAF continues to collaborate with CIMB Niaga on various
CNAF Paid-Up Capital increased from Rp100,000,000 business initiatives through diversifying acquisition
to Rp120,000,000,000. The new shares were issued to channels, strengthening referral activity, penetrating
noncontrolling parties with ownership interests of less the digital segment, and improving the service-to-sales
than 1% each. channel. CNAF also manages the management portfolio,
which is supported by a variety of strategies, including an
As a result of this transaction, Bank CIMB Niaga’s anti-attrition program and risk-based pricing.
ownership of CNAF decreased from 99.93% to 83.28% by
2022. CNAF’s controlling shareholder is still Bank CIMB CNAF maintained its positive trend in 2023, with growth
Niaga. equally distributed across all segments. In line with CNAF’s
strategy of prioritizing Sharia financing distribution while
CNAF is taking significant steps forward by changing its also diversifying Sharia funding, the company launched
trademark to better reflect and accommodate future a Public Offering of Sukuk Wakalah Bi Al-Istitsmar I CIMB
business strategies. CNAF changed the trademark from Niaga Auto Finance in 2023 with a maximum investment
CIMB Niaga Auto Finance to CIMB Niaga Finance, with the capital of Rp1 trillion.
symbol in the form of an arrowhead, which represents
thinking and acting for the company’s progress, and the CNAF will continue to implement various organizational,
rectangle representing firmness, honesty, integrity, and business model, and service coverage enhancement
reliability. The change in trademark was reported to initiatives through digitization, focusing on the customer
the Directorate General of Intellectual Property on 15 experience in order to achieve the vision of becoming the
October 2019, and to the OJK on 7 November 2019. most profitable multi-finance companies in Indonesia
and the industry. Every action taken now and in the
CNAF aspires to become a more competitive and healthy- coming years demonstrates CNAF’s commitment to
growing financial company. CNAF has changed its logo shareholders and all other stakeholders to continue to
in a transformative move to strengthen its position as a grow the business in a sound and sustainable manner.
subsidiary entity that continues to collaborate with Bank
CIMB Niaga, its parent company. CNAF not only focuses CNAF currently has 34 branches across Indonesia,
on financing four-wheeled vehicles but also offers multi- with a total of 941 employees. In 2023, CNAF
purpose financing and Hajj portion financing. reported a profit before tax of Rp561.1 billion, an
increase of 32.25% from Rp424.3 billion in 2022,
CNAF has launched the CNAF Mobile application, which and disbursed Rp8.9 trillion in new financing loans,
allows potential debtors to apply for financing with a 13.53% increase from Rp7.9 trillion in 2022.
simple requirements using their smartphones, track
the status of their applications in real time, and obtain
product information and financing programs.
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This new financing growth increases CNAF’s total assets from 1.2% to 1.1% in accordance with the target market
under management to Rp11.3 trillion, an increase of segment that matches the customer’s risk profile. Based
21.70% from Rp9.3 trillion in 2022. In 2023, CNAF could on the prudence principle, CNAF always prioritizes loan
also improve credit quality (Non-Performing Loans) quality.
CIMB Group Holdings Berhad (“CIMBGH“) announced Rp600,000,000,000 (six hundred billion Rupiah), with
in mid-2017 that a wholly owned subsidiary of CIMBGH an issued and paid-up capital of Rp316,000,000,000,000
engaged in securities brokerage had entered into a (three hundred sixteen billion Rupiah), with each
share purchase and sale agreement with China Galaxy shareholder contributing additional capital pro rata to
International Financial Holdings Limited (“CGIFHL“). the company.
CIMBGH and CGIFHL subsequently established a
strategic partnership for CIMBGH’s securities brokerage The company’s vision is to become a leading ASEAN
business unit. Based on this agreement, CIMBGH’s company as well as a major player in the Indonesian capital
Investment Banking business unit is regionally separated market’s underwriting and financial advisory sectors. The
from the scope of strategic partnerships. In this regard, company’s mission is to consistently provide the right
CIMBGH reorganized all Investment Banking business capital market products and the best services to increase
units throughout its business area, including those in the quality of customer value by creating innovative
Indonesia. In Indonesia, the Investment Banking business capital market products that aim to attract investors by
unit is overseen by a new entity, PT CIMB Niaga Sekuritas, leveraging CIMB Group’s large and experienced network.
which was established in 2018 and is majority-owned by The company aims to create innovative and varied capital
PT Bank CIMB Niaga Tbk. (94.78%). market products to attract investors, complementing the
stakeholders in the capital market in Indonesia. Develop
PT CIMB Niaga Sekuritas, a business unit that oversees human resources and integrate them into the ASEAN
Investment Banking activities, focuses on providing network through the CIMB Group. Utilize CIMB Group’s
securities underwriting services with a business license extensive and experienced network as a vehicle for
issued by the Financial Services Authority (OJK) No. developing the capital market in Indonesia. Currently,
KEP11/D.04/2019, a financial advisor with a business CNS has a total of 20 employees.
license issued by OJK No. S-618/PM.21/2019, an arranger
of Medium Term Notes (MTN) and Negotiable Certificate The Company’s operational activities, which were fully
of Deposit (NCD) with a business license issued by OJK operational throughout 2023, resulted in a loss before
No. S-1118/PM.21/2019, as well as an arranger for tax of Rp15.1 billion at the end of the year, with revenue
Commercial Paper SBK with a business license issued in 2023 of Rp32.1 billion, a 55.40% decrease from 2022.
by OJK No. S-1481/PM.21/2019, and Bank Indonesia No. In the future, CNS will continue to take strategic steps in
22/17/DPPK/Srt/B. running its business while prioritizing good corporate
governance to provide optimal outcomes to stakeholders.
CNS was established in March 2018 with
Rp200,000,000,000 (two hundred billion Rupiah) At the beginning of 2023, the Bank will increase its
in authorized capital and Rp50,000,000,000 (fifty capital to CNS by Rp300,000,000. This additional capital is
billion Rupiah) in issued and paid-up capital. In 2019, intended to strengthen the Company’s capital structure
the company increased its authorized capital to and business development. Consistent with the targets
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submitted to the Financial Services Authority along with Actively Collaborating with PT Bank CIMB Niaga Tbk.
the submission of the Management Presentation at as well as with the CIMB Group
the time of submitting the Securities Company License This strategy is implemented through more extensive
Application, the strategy for achieving the Company’s collaboration with CIMB Niaga as a working partner
targets for 2023 remains the same as the previous year, and shareholder in the synergy of integrated banking
with the Company continuing to carry out business and capital market product services for both bank and
development with the following strategies: company customers. This strategy has been in effect
since the second semester of 2019 and will continue to
Expanding the Scope and Depth of Capital Market be implemented in the following years.
Products
This strategy is implemented by conducting assessments
for capital market transactions and arranging for
customer financing needs through traditional schemes
such as conventional banking and structured deals.
Other Material Financial Information
ANALYSIS OF ABILITY TO PAY DEBTS AND STRESS TESTING
RECEIVABLES COLLECTIBILITY Stress testing is one of its risk management methods
CIMB Niaga assesses its ability to meet long-term and for assessing capital resilience, liquidity, and the bank’s
short-term obligations using a variety of ratios, including ability to absorb losses in an exceptional but plausible
liquidity ratios, solvency ratios, and rentability ratios. To crisis. In addition, CIMB Niaga conducts stress tests
anticipate the risk of default, Bank participation in the to identify risk mitigation and capital preservation
Deposit Insurance Corporation’s guarantee program strategies. Stress testing is conducted on a regular basis
demonstrates their ability to pay debts. using various scenarios to provide management with a
better understanding of the consequences of stressful
The Bank‘s ability to pay debts can also be seen in the situations. Stress tests can also be performed at any
assessments of external rating agencies in 2023. Pefindo time, as needed.
rated CIMB Niaga with a very good rating, i.e., a corporate
rating of idAAA. Other ranking agencies, Moody’s, rated A more detailed explanation of stress testing can be
the Bank with Baa1/P-2 and Baa2/P-2 for its Counterparty found in the risk management section - ICAAP (Internal
Risk Rating and Bank Deposits as well as ba1 and baa2, Capital Adequacy Assessment Process).
for its Baseline Credit Assessment and Adjusted Baseline
Assessment, respectively. Moody’s outlook for the long- CONTINGENCY FUNDING PLAN & RECOVERY
term rating is stable. PLAN
The Emergency Funding Plan (CFP) is an operational
ABILITY TO REPAY DEBTS guide for managing crises that occur, with the goal of
In 2023, CIMB Niaga is recorded to have adequate dealing with the crisis effectively and restoring public
liquidity and solvency, as reflected by the Bank’s ability confidence in the Bank. When CIMB Niaga experiences a
to meet all maturing obligations on time, both in terms liquidity crisis, it will implement a CFP.
of principal repayment and interest expense. Liquidity,
solvency, and profitability ratios measure a bank’s ability
to meet its obligations (debt). The Bank also uses these
ratios to assess its ability to provide liquidity reserves.
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The CFP allows the Bank to regulate the level of liquidity FCMT has the authority to take corrective action in these
emergencies that occur within predetermined limits by tight liquidity conditions, including operations, business,
utilizing the main liquidity indicators. Each level has its and communication. The Bank conducted several
own set of corrective and preventive steps to avoid a trials in accordance with the guidelines outlined in the
worsening condition. If conditions worsen and threaten Contingency Funding Plan, in which FCMT simulated crisis
the Bank’s solvency, the Bank will implement a Recovery management as well as relevant work units implementing
Plan that includes larger steps to save the Bank. FCMT decisions to deal with crisis.
SEBI No. 11/25/PBI/2009, followed by SEOJK No. 34/ This trial, also known as CFP testing, continues to be
SEOJK.03/2016, and POJK No. 18/POJK.03/2016 on the conducted on a regular basis in order to raise awareness
Implementation of Risk Management at Commercial and readiness among management and related units
Banks, require active participation from management in to take strategic and practical steps in dealing with
the Board of Commissioners. Therefore, the procedures abnormal conditions, both in terms of liquidity and
for the contingency funding plan must be approved by other operational factors. In each trial set up, scenarios
the Board of Directors and communicated to the Board involving the mechanism for making decisions at the
of Commissioners. meeting are discussed, as well as those requiring quick
decisions, where decision-making can be conducted
The Early Warning Signal (EWS) indicators have limits online (for example, by phone) or not face-to-face while
that cannot be breached. If an indicator threshold is still meeting the applicable provisions.
breached, the Funding Crisis Declaration Assessment
(FCDA) Team needs to assess whether the situation In 2023, the Bank conducted CFP testing online. The
could lead to a liquidity crisis. However, the FCDA team CFP testing went smoothly, with all relevant Directors
may hold discussions even if there is no indication of a and Senior Management members in attendance.
breach. Information or qualitative indicators received by The successful implementation of online CFP testing
relevant units could trigger an FCDA discussion. The Bank demonstrates that proper decision making can be
collects all information and data in order to provide early accomplished through a variety of mechanisms, both
warning of impending stress or crisis. face-to-face and online. Keep in mind that decisions
must be made quickly and precisely in order to meet the
The Risk Management Unit monitors EWS indicators on quorum established during a liquidity crisis.
a daily basis and reports their findings to management.
In the event of a breach of an indicator, the information CIMB Niaga also has a Recovery Plan Document
deemed to have caused the crisis can be used to conduct (RPD) that is broader in scope and covers aspects of
discussions about the Bank’s liquidity assessments. Liquidity, Capital, Profitability, and Asset Quality, which
was approved by management and shareholders as
The findings of these assessments are forwarded to the required by regulators at the end of 2017. The steps and
ALCO chairman as a recommendation. If their findings processes used in this RPD are broader than those in the
result in tighter liquidity, corrective measures must Contingency Funding Plan, as the aspect maintained is
be implemented at special ALCO meetings. If existing more than just liquidity.
liquidity gets worse, the current liquidity status can be
updated, and liquidity management will be handled by Every year, the RPD will be reviewed to ensure that it
the FCMT (Funding Crisis Management Team), which aligns with current conditions. The reviews will cover
consists of all Board of Directors members as well as the steps that CIMB Niaga needs to take to improve
additional decision-makers. The President Director conditions in the four (4) areas that must be monitored.
chairs ALCO and FCMT to ensure that decisions are made In each of these aspects, monitoring indicators can be
quickly and precisely within the required scope. continuously used as triggers for activating the corrective
measures included in the RPD.
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ABILITY TO REPAY SHORT-TERM DEBTS CIMB Niaga uses the internal parameters that have been
(LIQUIDITY RATIO) socialized and submitted to OJK, i.e., the Liquidity Gap
CIMB Niaga uses international parameters, which have based on the dominant currency. This parameter is used
been implemented by OJK, which are the Liquidity to monitor liquidity adequacy on a daily basis and under
Coverage Ratio (LCR) and the Net Stable Funding Ratio normal conditions. ALCO has set limits for this liquidity
(NSFR), in assessing liquidity risk. These two ratios are gap, which is monitored daily by the liquidity risk unit.
regularly monitored and reported to Management, the The LCR ratio is monitored daily and broken down by
Audit Committee, and the regulators. local and foreign currencies in response to OJK requests.
The LCR is a parameter that compares High-Quality Liquid Any ratios that exceed the pre-set internal limits of
Assets (HQLA) or Liquid Instruments to Net Cash Inflow the above liquidity risk parameter are contained by
over 30 days. This ratio describes the Bank’s ability to the escalation process that must be carried out by the
meet outflows after calculating outflow ratios set by the employees up to the level of Senior Management/
regulator and deducting inflows with specific discounts Directors, with the optional steps that need to be taken
for 30 days using the managed Liquidity Tool (HQLA). The by the business unit and related units. This is outlined in
Bank is required to maintain a minimum limit of 100% for the document approved by ALCO/the Board of Directors
LCR, which means that its liquid instruments (HQLA) may and the Board of Commissioners.
cover the net outflow within 30 days.
ABILITY TO REPAY LONG-TERM DEBT
The NSFR is a parameter that measures the asset-liability (SOLVENCY RATIO)
balance (including capital). This balance is determined Bank capital is the most important component in
using a ratio based on the timeframes and characteristics measuring the ability to pay long-term debt (solvency
of each asset and liability component. The limit must be ratio), so CIMB Niaga always ensures that its capital
met at 100%, indicating a balance of fund inflows and is sufficient to meet the Capital Adequacy Ratio (CAR)
outflows. requirements, which include loan risk, market risk, and
operational risk.
Regulators have also reduced the limits that must be
met, but the Bank maintains the current limits due to In 2023, CIMB Niaga has a consolidated CAR of 24.02%,
the precautionary principle. CIMB Niaga will continue to an increase from 2022 of 22.19%. CIMB Niaga still has
maintain and even exceed the LCR and NSFR limits. capital reserves greater than the minimum CAR ratio
required by the regulator, which is 13.40%.
In December 2023, the Individual LCR was recorded
at 225,48%, and the Individual NSFR was 114.61%. ABILITY TO REPAY DEBT ON ISSUED
And in the previous year it was recorded at 224.31% SECURITIES
and 119.42% respectively. The decline was due to a Information on the rating of securities issued, such as
return to growth in loan disbursement by the bank. bonds and sukuk, can also indicate the ability to repay
Whereas loan growth decreased in 2022, while deposit bank debt. Rating agencies rate securities issued on
growth continued to grow, it was channeled into HQLA, a regular basis to ensure their viability. The quality of
specifically government bonds. The transfer of HQLA, securities is largely determined by the issuing company’s
or Government Bonds to become loan components in ability to pay for the securities at maturity as well as their
2023 remains within normal monitoring limits and is ability to pay interest or coupons during the securities’
consistent with the Bank’s intermediary function. The issuance period. Securities issued are also rated by a
bank’s LCR and NSFR values remain significantly higher rating agency, in this case, Pefindo.
than the regulator’s (OJK) limits.
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Information regarding CIMB Niaga’s bond and sukuk ratings until 2023 is as follows:
Issuance Maturity
Securities Name Ratings
Date Date
Shelf Registration Bond II Bank CIMB Niaga Phase IV Year 2018 Series C 20-Sep-18 20-Sep-23 AAA (PEFINDO)
Subordinated Bond III Bank CIMB Niaga 2018 Series A 15-Nov-18 15-Nov-23 AA (PEFINDO)
Subordinated Bond III Bank CIMB Niaga 2018 Series B 15-Nov-18 15-Nov-25 AA (PEFINDO)
Subordinated Bond I Bank CIMB Niaga Phase I 2019 19-Dec-19 19-Dec-24 AA (PEFINDO)
Shelf Registration Bond III Bank CIMB Niaga Phase I Year 2019 Series B 19-Dec-19 19-Dec-22 AAA (PEFINDO)
Shelf Registration Bond III Bank CIMB Niaga Phase I Year 2019 Series C 19-Dec-19 19-Dec-24 AAA (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase II Year 2019 Series B 21-Aug-19 21-Aug-22 AAA(sy) (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase II Year 2019 Series C 21-Aug-19 21-Aug-24 AAA(sy) (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase III Year 2020 Series B 27-Mar-20 27-Mar-23 AAA(sy) (PEFINDO)
Shelf Registration Sukuk Mudharabah I Bank CIMB Niaga Phase III Year 2020 Series C 27-Mar-20 27-Mar-25 AAA(sy) (PEFINDO)
The Pefindo AAA rating indicates that the Bank has a CIMB Niaga anticipates fund flow gaps by maintaining
superior capacity for long-term financial commitments first-level liquid assets, such as mandatory reserves and
compared to other obligors, while Pefindo’s AA rating highly liquid short-term securities. Second-level liquid
means having a very strong capacity for long-term assets are maintained by placing short-term funds in
financial commitments compared to other obligors. other banks, securities, and government bonds in the
available-for-sale category. Liquidity management is also
PROFITABILITY AND EFFICIENCY RATIOS achieved by managing the structure of funding sources,
CIMB Niaga uses financial ratios to measure profitability with a focus on depositor concentration limits. Liquidity
and performance efficiency, which consist of Return management relies on basic information from liquidity
on Assets (ROA), Return on Equity (ROE), Net Interest ratio reports determined by management and prepared
Margin (NIM), and the ratio of Operating Expense to by the Risk Management Work Unit.
Operating Income (BOPO). In 2023, CIMB Niaga recorded
profitability ratios, i.e., Return on Assets (ROA) and Return A detailed discussion of CIMB Niaga’s liquidity
on Equity (ROE-Tier 1), which were recorded at 2.59% management can be found in the liquidity risk subchapter
and 15.02% respectively, compared to the previous of the Risk Management chapter.
year, which was recorded at 2.16% and 12.59%. The Net
Interest Margin (NIM) ratio was recorded at 4.40%, down CREDIT COLLECTIBILITY LEVEL AND
from the previous year’s level of 4.69%. The BOPO ratio PRODUCTIVE ASSET QUALITY ANALYSIS
was recorded at 71.47%, down from the previous year’s CIMB Niaga continuously conducts credit risk control
level of 74.10%. so that the level of credit collectibility given remains
maintained. This effort is done by gradual improvement
LIQUIDITY AND ASSET-LIABILITY of asset quality, improvement of portfolio diversification
MANAGEMENT towards healthier sector growth, improvement of
CIMB Niaga’s liquidity management focuses on the infrastructure and business processes, improvement
adjustment of incoming and outgoing fund flows. CIMB of human resources capabilities in the credit field, and
Niaga’s liquidity and asset management are coordinated improvement of policy and procedure.
by the Asset Liability Committee (ALCO), which holds
monthly meetings involving business units, treasury, In 2021-2023, the analysis of productive asset quality
loans, funding, and other relevant units to ensure that and the level of credit collectibility that the Bank has as
the achievement of a liquidity position is at an expected follows:
optimum level.
(in million Rupiah)
Growth (%)
Loans based on Collectibility 2023 2022 2021
2022-2023 2021-2022
Current 198,578,681 180,093,815 163,816,572 10.26 9.94
Special Mention 10,633,639 11,060,818 11,584,941 (3.86) (4.52)
Sub-standard 482,810 745,675 921,323 (35.25) (19.06)
Doubtful 760,489 662,600 721,945 14.77 (8.22)
Loss 2,914,251 4,048,106 4,568,639 (28.01) (11.39)
Total 213,369,870 196,611,014 181,613,420 8.52 8.26
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In 2023, the number of credits with collectibilities is less sub-standard, doubtful and loss CIMB Niaga-gross of Rp4.2
trillion decreased by Rp1.3 trillion compared to Rp5.5 trillion in 2022. The NPL-gross ratio was 1.96% and the NPL-net
ratio was 0.71%, while in the previous year the NPL-gross ratio was 2.80% and the NPL-net ratio was 0.75%.
The total restructured loan in 2023 is Rp875.7 billion, continuing to decrease 36.61% or Rp505.6 billion compared to
2022 amounting to Rp1.4 trillion.
(in million Rupiah)
Restructured Loans 2023 2022 2021
Working Capital 471,736 732,526 3,414,822
Investment 260,829 456,679 2,033,658
Consumption 143,098 192,099 1,228,562
Total 875,663 1,381,304 6,677,042
Significant Agreements
Bank CIMB Niaga enters into agreements with other 2. In March 2016, Bank CIMB Niaga signed a
parties to conduct their business activities. The following bancassurance agreement with PT Sunlife Financial
are the significant agreements with third parties: Indonesia to sell Sun Life insurance products through
1. Bank CIMB Niaga signed an office space lease the bank’s distribution channel. The agreement is
agreement with PT Niaga Manajemen Citra on 7 valid until 12 April 2033. The agreement has been
April 2008, for the building located at Griya Niaga revised, with a re-signing date of 5 April 2022. The
2 Building, Jl. Wahid Hasyim Blok B.4 No.3, Bintaro new agreement is valid until 31 December 2039.
Jaya Sector VII Tangerang, for 29 (twenty-nine) 3. In December 2016, Bank CIMB Niaga signed a
years. The rental fees for this rent were Rp181,000 bancassurance agreement with PT CIMB Niaga
which was paid over 11 (eleven) payments. Prior to Auto Finance, PT Sompo Insurance Indonesia, and
signing this agreement, it was agreed to pay a rental Sompo Japan Nipponkoa Insurance Inc. to sell Sompo
deposit of Rp5,650 in advance, which was paid on insurance products through the Bank’s distribution
27 March 2007. The rental deposit is also the first channel. The agreement is valid until 31 December
installment under this lease agreement. The final 2035.
installment payment was made in January 2009. On 4. In June 2011, Bank CIMB Niaga signed a
30 October 1997, Bank CIMB Niaga signed the first bancassurance agreement with PT AIA Financial to
lease agreement with PT Niaga Manajemen Citra sell AIA’s insurance products through the bank’s
for a building located at Griya Niaga 1 Building, Jl. distribution channel. The agreement is valid until 15
Wahid Hasyim Blok B.4 No. 3, Bintaro Jaya Sector VII December 2024.
Tangerang; this lease agreement has been extended
with the latest extension on 15 January 2018, for a
rental period of up to 31 December 2023, and a rental
price of Rp121,300 (in full amount) per m2 per month;
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Capital Structure of the Bank
CAPITAL STRUCTURE
IMB Niaga manages a strong and sound capital structure, allowing it to provide maximum support for sustainable
business growth. In 2023, the proportion of the Bank’s liabilities and equity required to fund its assets was 85.25% and
14.75%, respectively.
Based on Financial Services Authority (OJK) Regulation No. 27 of 2022 on the Second Amendment to POJK No. 11/
POJK.03/2016 on the Requirement for Minimum Capital, capital is classified into two types: core capital (Tier 1) and
supplementary capital (Tier 2). Components of CIMB Niaga’s capital are still dominated by core capital (Tier 1). In 2023,
Tier-1 capital was critical to the composition of CIMB Niaga’s capital, contributing up to 95.29% of the Bank’s total capital
and having a Tier-1 Capital Adequacy Ratio of 22.89%. The following table presents the reported calculation of the
minimum capital adequacy requirement for the years 2023, 2022, and 2021:
(in million Rupiah unless otherwise stated)
Calculation of Capital Adequacy Ratio 2023 2022 2021
Core Capital (Tier 1) 45,804,024 41,314,707 40,547,639
Supplementary Capital (Tier 2) 2,262,705 2,112,356 2,005,649
Total Capital 48,066,729 43,427,063 42,553,288
Risk Weighted Assets
RWA for loans risk 177,430,536 161,781,896 153,500,794
RWA for market risk 6,622,728 2,702,595 3,562,109
RWA for operational risk 16,072,634 31,234,145 30,542,658
Total RWA 200,125,898 195,718,636 187,605,561
CAR for loans and operational risks 24.84% 22.50% 23.12%
CAR for loans, market, and operational risks 24.02% 22.19% 22.68%
Tier-1 CAR 22.89% 21.11% 21.61%
Tier-2 CAR 1.13% 1.08% 1.07%
CIMB Niaga obtained subordinated borrowing facilities that can be accounted for as supplementary capital. Subordinated
bonds issued by CIMB Niaga and have received approval from the Bank Indonesia (BI)/Financial Services Authority (OJK)
to account for these subordinated bonds as supplementary capital in the calculation of the Capital Adequacy Ratio. In
2023, the supplementary capital of CIMB Niaga amounted to Rp2.3 trillion, contributing 4.71% of the Bank’s total capital.
The following is information regarding a list of the subordinated bonds that have been issued by CIMB Niaga and have
not matured as of yearend 2023:
Effective Nominal Interest Rate/
Instrument Approval Tenor Maturity Date
Statement (in billion Rupiah) Annum
CIMB Niaga OJK Capital Market OJK Banking 75 7 years 15 November 10.00%
Subordinated Supervisory, Supervisory, in 2025
Bonds Ill Year 2018 in Letter No. Letter No. S-89/
Series B with a fixed S-158/D.04/2018 PB.33/2018 dated
interest rate dated 8 November 26 July 2018
2018
Shelf Registration OJK Capital Market OJK Banking 83 5 years 19 December 8.05%
Subordinated Bond Supervisory, Supervisory, in 2024
I Bank CIMB Niaga in Letter Letter No. 21/769/
Phase I Year 2019 No.S194/D.04/2019 DSSK/Srt/B dated 7
with a fixed interest dated 12 December November 2019
rate 2019
In addition to issuing the subordinated bonds mentioned above, the Bank has also implemented other strategy to
increase its capital adequacy level in 2023 including to improve asset quality and low-cost funding sources. Information
regarding the capital structure is explained in more detailed in the Risk Management – Capital Structure section of this
Annual Report.
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MANAGEMENT POLICY ON CAPITAL Buffer was 13.40%, where the maximum buffer value
STRUCTURE was 13.50%. CIMB Niaga’s CAR ratio in 2023, 2022, and
The achievement or acquisition of the Bank’s Capital 2021 was 24.02%, 22.19%, and 22.68%, respectively.
Adequacy Ratio (CAR) is indicator of its capital adequacy. This achievement showed that CIMB Niaga had larger
CAR reflects the ability of the Bank to sustain organic capital reserves than the minimum CAR ratio required by
growth while also accommodating potential loss risks. regulators.
The higher the CAR ratio, the stronger the Bank’s ability
to support the Bank’s business growth and improve BASIS FOR THE DETERMINATION OF
the Bank’s ability to bear risks. CIMB Niaga continues MANAGEMENT POLICY ON CAPITAL AND
to maintain the level of capital adequacy above the DEBT STRUCTURE
regulator’s minimum level. CIMB Niaga had a capital The Bank’s capital and debt requirements are annually
adequacy ratio (CAR) of 24.02% in 2023. planned, discussed, and monitored by the Board of
Directors and the Board of Commissioners, supported by
On a consolidated basis, CIMB Niaga is developing the data analysis. Management has prepared a foundation
Internal Capital Adequacy Assessment Process (ICAAP) as for establishing capital and debt structure policies
a process to determine capital adequacy in accordance based on several factors, including economic forecasts,
with the risk profile and determine strategies to maintain business growth potential, risk appetite, stress test
capital levels. In 2023, the results of CIMB Niaga’s risk results, and capital ratio targets. Through these efforts,
profile self-assessment were rated Low to moderate (2). CIMB Niaga will be able to survive the economic cycle,
capitalize on growth and strategic opportunities,
In 2023, in line with POJK No. 27 of 2022, the CAR that maximize shareholder returns, and conduct business
must be provided taking into account the risk profile within the risk appetite corridor while complying with
rating of Low to Moderate (2) and the Basel 3 Capital applicable regulations.
Investment Property
For the fiscal year ending 2023, CIMB Niaga owns 4,441 m2 of Investment Properties with a Net Book Value (NBV) of
Rp748 billion. In 2023, the properties generated a rental income of Rp5.5 billion.
Material Commitment to Capital Goods Investment
Until the end of 2023, CIMB Niaga did not have any material commitments related to capital goods investment.
Capital Goods Investment Realized
in the Last Fiscal Year
TYPE AND VALUE OF INVESTMENT IN billion, a decrease of 13.23% from Rp812.9 billion in 2022,
CAPITAL GOODS mainly due to a decrease in capital goods investment in
CIMB Niaga invests in capital goods in the form of fixed the Equipment, Machinery, Office Furniture, and Assets
assets such as land, buildings, equipment, machinery, in Progress of Rp112.7 billion. This was followed by a
office furniture, and vehicles, as well as non-fixed assets decrease in capital goods investment in the systems and
such as system and infrastructure development. In 2023, infrastructure development category of Rp11.4 billion.
the Bank’s capital goods investment value was Rp705.3
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The following figures show the amounts of CIMB Niaga’s capital goods over the last three years:
(in million Rupiah)
Types of Capital Goods 2023 2022 2021
Equipment, machinery, office furniture, and assets in progress 684,051 796,742 579,037
Systems and infrastructure development 1,773 13,214 1,118
Motor vehicles 7,775 1,936 168
Land and Buildings including renovation and installations 9,710 1,017 5,974
Total 703,309 812,909 586,297
OBJECTIVES OF INVESTMENT IN CAPITAL CIMB Niaga also continues to develop Branchless
GOODS Banking and Digital Banking services in order to expand
The Bank’s capital goods investment aims to acquire or its customer service network while also innovating
increase the value of fixed assets that are expected to related services comprehensively in response to the
provide value in the future, as well as to meet operational latest market demands and developments.
activity needs and support sustainable business
expansion. Land, buildings, including renovations and Management believes that foreign currency fluctuations
installations, equipment, machinery, and office furniture have no impact on capital goods investment
are among the assets currently under construction. The commitments. CIMB Niaga uses funds generated by
construction is expected to be completed between 2023 business results and prioritizes the purchase of capital
and 2024, with a current completion rate of 70% to 80%. goods in Rupiah currency to support its capital goods
investments.
Comparison of Targets and Realizations 2023
Information regarding the comparison of the achievement of targets set and the realization in the 2023 financial year
is as follows:
Description Target 2023 Realization 2023
Operational and Financial
Net Interest Margin (NIM) 4.4%-4.8% 4.4%
Fee Income Ratio (FIR) 25.0%-29.0% 28.9%
Cost to Income Ratio (CIR) 43.0%-46.0% 44.8%
Return on Assets (ROA) 1.6%-1.9% 2.6%
Return on Equity (Tier-1) 12.0%-14.0% 15.0%
Loan Growth 6.0%-8.0% 8.5%
Asset Quality (NPL) 2.7%-3.3% 1.96%
LLC 230.0%-250.0% 292.1%
LDR 85.0%-89.0% 89.3%
Customer Deposit Growth 4.0%-7.0% 3.8%
CASA ratio 63.0%-68.0% 63.9%
CAR 21.0%-23.0% 24.0%
Human Resources
Rasio Personnel Cost to Income 85% 94.8%
Bankwide Hi-Performer Retention > 80 (Top Quartile) 91 (Top Decile)
The performance results for CIMB Niaga were as follows:
1. The Net Interest Margin (NIM) was recorded at 4.4%. It was within the specified target range.
2. The Fee Income Ratio (FIR) was within the target of 28.9%.
3. The cost-to-income ratio (CIR) of 44.8% met the target.
4. The ROA of 2.6% and an ROE of 15% exceeded the target set. This was mainly due to an increase in the Bank’s profit
over the previous year’s result.
5. Loan growth increased to 8.5%.
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6. The asset quality (NPL ratio) of 1.96% was recorded In the marketing aspect, CIMB Niaga always implements
as being above the target set. the best strategy to build brand awareness. In line with
7. LLC increased and significantly exceeded its target, the company’s strategy, CIMB Niaga managed to obtain a
reaching 292.1%. The high LLC ratio indicated percentage of Spontaneous Brand Awareness of 51% in 2023
adequate reserves for impaired bank assets. (the same as the 2022 result). In addition, specifically for the
8. The LDR increased by 89.4% from the previous year, emerging affluent segment, spontaneous brand awareness
exceeding the target set. of 53% was obtained. The spontaneous brand awareness
9. The CASA ratio remains within the set target. The results show that the percentage of people who remember
CASA ratio in 2023 was 63.9%, up from the previous the CIMB Niaga brand is very stable.
year, which was 63.6%.
10. The CAR of 24.0% remains within the set target. For HR, CIMB Niaga has set several targets in order to
CIMB Niaga increased its consolidated profit before tax support the Bank’s achievements and realize the HR vision
to Rp8.2 trillion, an increase from Rp6.6 trillion in the of becoming the place of choice for work, such as the
previous year. Organization Health Index, which describes the level of
organizational health based on the implementation of several
management practices that have an impact on organizational
health and performance, and High Performers Retention,
which describes the Bank’s effort to retain the best talent. In
2023, CIMB Niaga succeeded in exceeding the set target.
2024 Projections
CIMB Niaga has set a number of projections for 2024, with detailed information including the following:
Description Projections 2024
Operational and Financial
Net Interest Margin (NIM) 4.2%-4.4%
Fee Income Ratio (FIR) 25.0%-29.0%
Cost to Income Ratio (CIR) < 45%
Return on Assets (ROA) 1.7%-2.0%
Return on Equity (Tier-1) 14.0%-16.0%
Loan Growth 5.0%-7.0%
Asset Quality (NPL) 2.0%-2.3%
LLC 270.0%-300.0%
LDR 84.0% -89.0%
Customer Deposit Growth 5.0%-8.0%
CASA ratio 62.0%-68.0%
Dividend Policy Minimum 20%
CAR 22.0%-24.0%
BASIS OF THE 2024 PROJECTIONS
In 2024, the resilience of Indonesia’s economic growth in the midst of global uncertainty risks will serve as a strong basis
for achieving domestic economic growth targets. The safe and conducive implementation of the 2024 General Election
is critical to achieving national economic, social, and political stability. Therefore, loans distribution is also expected to
continue to grow, although the challenges of an economic slowdown are also predicted to remain as a result of the
global economic slowdown.
The macroeconomic projections used by the Bank to develop the 2024 targets include 5.2% economic growth, 3.6%
inflation, a Rp15,000/USD exchange rate, and a 10-year SUN interest rate ratio of 6.7% (source: State Budget/APBN
2024). Based on these assumptions, CIMB Niaga will carry out a number of initiatives and programs in order to maintain
and increase business growth, among others, through direct promotions and product bundling, as well as improving
the customer experience, which is expected to increase the amount of low-cost funding.
Furthermore, CIMB Niaga also has HR and Marketing Development Plans/Projections, which are further described in the
Human Resources and Marketing Aspect Report in this Annual Report.
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Dividend Distribution Policy
DIVIDEND POLICY 6. If the AGMS approves the distribution of cash
The dividend distribution policy, which is based on the dividends, the Bank is required to pay cash dividends
decision of the General Meeting of Shareholders (GMS), to the entitled shareholders no later than 30 (thirty)
is in accordance with Law No. 40 of 2007 on Limited days after the AGMS’s decision and to ensure equal
Liability Companies. CIMB Niaga has established and is treatment of all entitled shareholders in accordance
implementing Dividend Policy No.M.03, which ensures with the procedure determined by the Board of
that Good Corporate Governance principles are followed Directors based on applicable regulations.
when it comes to dividend distribution. Dividend Policy 7. Shareholders who are entitled to receive dividends
No. M.03 of the Bank governs, among other things: must comply with Indonesian tax regulations.
1. The dividend distribution plan is to be reviewed by
the Board of Directors or the Committee equivalent CHRONOLOGY OF DIVIDEND DISTRIBUTION
to the Board of Directors at least once a year. The 2023 Annual GMS that was held on 10 April 2023
2. A proposal for dividend distribution is to be submitted approved net profit for the 2022 fiscal year in the amount
at a meeting of the Board of Directors or a Committee of Rp4,786.4 billion (gross), to be distributed as dividends
equivalent to the Board of Directors (Executive in cash, with the following schedule:
Committee/ExCo). 1. Cum Dividend in the Regular and Negotiation Markets
3. The Bank is allowed to distribute a minimum of on 18 April 2023
20% (twenty percent) of the annual net income as 2. Ex-Dividend in the Regular and Negotiation Markets
dividends (payout ratio), after taking into account the on 26 April 2023
Bank’s financial performance, its capital adequacy 3. Cum dividend in the cash market on 27 April 2023
ratio (CAR) after the distribution of the dividend, other 4. Recording date for entitled shareholders on 27 April
investment projects, the Bank’s soundness level, and 2023
others. The Bank can only distribute dividends if the 5. Ex-Dividend in the cash market on 28 April 2023
Bank posts net profit and has a positive profit balance 6. Payment of Dividend for the 2022 Fiscal Year on 10
after taking into account the reserves that must be May 2023
established as required by the Limited Liability
Companies Law. On April 8, 2022, the 2022 Annual GMS approved a
4. The plan for dividend distribution is included in the net profit of Rp2,345.7 billion (gross) for the fiscal year
Bank’s business plan and submitted to the OJK. 2021, which will be distributed as dividends. Meanwhile,
5. The proposed dividend distribution, which has been on April 9, 2021, the 2021 Annual GMS approved a net
approved by the Board of Directors or a Committee profit of Rp1,098.6 billion (gross) for the 2020 fiscal year,
equivalent to the Board of Directors, is then which will be distributed as dividends. After deducting
requested for a recommendation to the Board of dividends paid to shareholders, CIMB Niaga’s entire net
Commissioners to obtain approval from the Annual profit for fiscal years 2022 and 2023 will be used to fund
General Meeting of Shareholders (AGMS). its business operations.
CIMB Niaga dividend distribution for the fiscal years 2022, 2021, and 2020 were as follow:
Dividend Per Announcement
Fiscal Year Net Profit Dividend Payout Ratio Payment Date
Share Date
2022 Rp4.8 trillion Rp2,871.8 billion Rp115.16 60.00% 11 April 2023 10 May 2023
2021 Rp3.9 trillion Rp2,345.7 billion Rp94.07 60.00% 8 April 2022 28 April 2022
2020 Rp1.8 trillion Rp1,098.6 billion Rp44.06 60.00% 9 April 2021 7 May 2021
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Management Employee Stock Ownership Program
MANAGEMENT EMPLOYEE STOCK The first phase of the MESOP program was applicable
OWNERSHIP PROGRAM (MESOP) until 25 October 2020, and the remaining shares would
According to the Information Disclosure issued by PT be transferred in accordance with applicable statutory
CIMB Niaga Tbk on 23 February 2018, and in accordance provisions. The valuation of the fair value of the stock
with OJK provisions, the Bank’s Management Employee option was carried out by CIMB Niaga using actuarial
Stock Option Program (MESOP) program is applicable valuation assumptions calculated by KJPP RAO, Yuhal, &
until 23 February 2024. MESOP is a one-time program to Rekan (affiliates of TRUSCEL CAPITAL LLP Singapore) on
recognize eligible management and employees for their 28 June 2018.
performance and loyalty, with shares allocated based on
share buybacks from public shareholders up to 2% of EQUITY OWNERSHIP PROGRAM (EOP)
paid-up capital. The total number of share buybacks was In March 2011, the CIMB Group launched the Equity
208,216,392 shares (full value), which were approved at Ownership Program (EOP), in which it provided ordinary
the Extraordinary General Meeting of Shareholders on 24 shares of the CIMB Group to eligible employees,
August 2017. including senior vice presidents (SVP), executive vice
presidents (EVP), and the Board of Directors, which will
Eligible employees and/or management to participate be charged directly to CIMB Niaga. Based on the EOP,
in the MESOP program must meet certain requirements part of the remuneration of eligible employees will be
based on their employment status, position/level at the used to purchase CIMB Group’s ordinary stock from the
Bank, and performance over the previous two years. The market. Shares purchased will be given progressively to
total number of shares allocated for the first phase of eligible employees based on certain dates after the date
the MESOP program was 208.2 million, with 12 million of purchase, depending on the working relationship
allocated to free shares or stock grants and 196.2 million between the employee and Bank CIMB Niaga.
allocated for stock options. Stock options could be
exercised on the maturity dates of 6 February 2018, 25 A related company will administer the EOP on CIMB
April 2019, and 25 April 2020, at their respective exercise Group’s behalf and hold the shares for the year up to
prices, with no dividends paid to stock option holders delivery. The Group Compensation Review Committee
prior to exercise. of CIMB Group will determine eligibility for participation
in the EOP. Employees will not receive any unreleased
shares if their employment is terminated for reasons
other than retirement, disability, or death.
The detailed information provided by CIMB Group about EOP is as follows:
Amount paid by Average price
CIMB Niaga to the per
Total Shares
EOP Grant Date entity established share (full Effective Date Percentage Vesting Period
(full amount)
by CIMB Group amount)
(Rp million) RM
11 March and 31,080 1,745,362 5.19 11 March and 33.33% 31 March 2020
15 April 2019 15 April 2019 33.33% 31 March 2021
33.33% 31 December 2021
11 March and 30,733 2,402,049 3.52 11 March and 33.33% 31 March 2021
9 April 2020 9 April 2020 33.33% 31 March 2022
33.33% 31 December 2022
9 March and 10,524 707,958 4.21 9 March and 33.33% 31 March 2022
5 April 2021 5 April 2021 33.33% 31 March 2023
33.33% 31 December 2023
10 March 2022 4,340 238,000 5.32 10 March 2022 50.00% 31 March 2023
50.00% 31 March 2024
14 March and 6,937 411,839 5.07 14 March and 33.33% 31 March 2023
8 April 2022 8 April 2022 33.33% 31 March 2024
33.33% 31 December 2024
24 March and 7,291 436,734 5.02 24 March and 33.33% 31 March 2024
10 April 2023 10 April 2023 33.33% 31 March 2025
33.33% 31 December 2025
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The information on the transfer of the number of rights to shares granted is as follows (full value):
Description 2023 2022 2021
Beginning Balance 1,005,414 1,653,830 3,197,432
Granted 996,687 649,839 707,958
Exercised* (788,129) (1,298,255) (2,251,560)
Ending Balance 1,213,972 1,005,414 1,653,830
*
Vested/Resignation
SHARE-BASED COMPENSATION RESERVE The share-based compensation reserves are also used
The share-based compensation reserve as of 31 to record share reserves for the Long Term Incentive
December 2023 was Rp137,123 milion (2022: Rp137,105 Plan (LTIP), which began in June 2021. The LTIP program
milion; and 2021: Rp115,025 milion) and is used to is a CIMB Group program that offers share-based
record the reserve for the Management Employee Stock compensation and CIMB Group share options in stages
Option Program (MESOP), Material Risk Taker (MRT), to the Bank employees who meet certain criteria set by
and Long Term Incentive Plan (LTIP). The share-based the CIMB Group LTIP Committee, taking into account
compensation reserve is also used to record shares the employment relationship as well as employee and
granted to employees but not yet exercised in relation company performance.
to the Material Risk Taker (MRT) program in accordance
with POJK No. 45/POJK,03/2015, dated 23 December MRT is a remuneration policy that applies to employees
2015, regarding the Implementation of Governance in designated as MRT. Variable remuneration must be
Providing Remuneration for Commercial Banks. deferred at a certain percentage, either in cash or shares.
This is an implementation of the principle of prudence in
remuneration.
Realization of the Use of Proceeds from Public Offerings
CIMB Niaga did not issue new shares or bonds/sukuk/subordination until the end of 2023.
Other Important Transactions
in Significant Amounts
During 2023, there were no other important transactions in significant amounts.
Material Information and Facts Subsequent to the
Accountant’s Report Date
During 2023, there was material information or facts that activities through loan disbursement in all the Company’s
occurred after the date of the accountant’s report, its business segments, including Consumer, Corporate,
describe below.. Commercial, and SME, both conventional and Sharia
banking, but excluding Subsidiary Companies.
EVENTS AFTER THE BALANCE SHEET PERIOD
On 31 January 2024, in accordance with the Extraordinary The new shares issued from the NPR have received a
General Meeting of Shareholders (“EGMS”), CIMB Niaga letter of approval for additional share listing from PT
carried out an increase in capital without pre-emptive Bursa Efek Indonesia, i.e., letter No.S-01142/BEI.PP1/01-
rights (NPR) for 10,599,000 shares. All the NPR proceeds 2024 dated 30 January 2024.
will be used to support the expansion of business
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Until the released date of audited consolidated financial statement, Bank CIMB Niaga have released the remaining
treasury shares are 100,148,782 (full amount) shares.
There was a restructured loan sale to a third party with outstanding principal amount of Rp883,584 in early February
2024.
Significant Changes at the Bank and the Bank’s Busines
Group in the Related Year
During 2023, there were no significant changes at the Bank and the Bank’s Business Group in the related year.
Reported Financial Information Containing Extraordinary and
Rare Events
Throughout 2023, there was no financial information of an extraordinary or infrequent nature.
Provision of Funds, Commitments, and Other Facilities
CIMB Niaga provides funds to related parties (individual and groups, including Executive Officers, Board of Directors,
and Board of Commissioners of the Bank) in accordance with internal policies, and has been carried out fairly under
reasonable conditions, with the approval of the Board of Commissioners. Transactions for providing funds to related
parties are explained in the chapters on Material Transactions, Conflicts of Interest, and Transactions with Affiliated
Parties/ Related Parties.
Significant Prohibition, Limitation, and Constraint to
Transfer Funds Between the Bank and Other Entities in the
Business Group
Throughout 2023, CIMB Niaga did not record any significant prohibitions, limitations, or constraints in transferring
funds between the Bank and other entities within the CIMB Group.
Information on Material Transactions Related to Investment,
Expansion, Divestment, Business Incorporation/Merger,
Acquisition, and Debt/Capital Restructuring
The Board of Directors conducts all material transactions in accordance with proper procedures. The Bank ensures
that all affiliated transactions are conducted in accordance with generally accepted business practices. Furthermore,
the Board of Commissioners and the Audit Committee are responsible for ensuring that transactions are carried out in
accordance with generally accepted business practices, such as the arm’s length principle, and appoint an independent
party to evaluate the fairness of the transaction price.
INVESTMENT
On 17 July 2023, a transaction to increase capital participation was carried out in the subsidiary, PT CIMB Niaga Sekuritas
(CNS) through the issuance of 6,000 new shares (full value) with a nominal value of Rp50 per share as stated in the
Notarial Deed of Engawati Gazali , S.H., No. 17 dated 17 July 2023 and has received approval from the Ministry of Law
and Human Rights No. AHU-AH.01.03-0094925 dated 20 July 2023. Due to this transaction, CIMB Niaga’s ownership of
CNS changed from 94.78% to 97.32%.
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EXPANSION
CIMB Niaga did not undertake any expansion activities in 2023. As such, no information relates to the objective,
transaction value, and source of funds for expansion activities is presented by CIMB Niaga.
DIVESTMENT
CIMB Niaga did not undertake any divestment activities in 2023. As such, no information relates to the objective,
transaction value, and source of funds for divestment activities is presented.
ACQUISITION
CIMB Niaga did not undertake any acquisition activities in 2023. As such, no information relates to the objective,
transaction value, and source of funds for acquisition activities is presented.
DEBT AND CAPITAL RESTRUCTURING
In 2023, there were no debt or capital restructuring activities. As such, CIMB Niaga does not present information relating
to the objective, transaction value, and source of funds for restructuring activities.
Material Transactions Containing Conflicts of Interest and
Transactions with Affiliated/Related Parties
MATERIAL TRANSACTIONS CONTAINING c. Both entities are joint ventures of the same third
CONFLICTS OF INTEREST party;
During 2023, CIMB Niaga did not engage in any material d. One entity is a joint venture of a third entity, and
transactions containing conflicts of interest. the other entity is an associate of the third entity;
e. The entity is a post-employment benefit plan of
TRANSACTIONS WITH AFFILIATED OR the employees of either the reporting entity or an
RELATED PARTIES entity related to the reporting entity;
CIMB Niaga and its Subsidiaries engaged in transactions f. The entity is controlled or jointly controlled by a
with related parties, in line with PSAK No.7 (revision 2015) person identified in (1) above;
on the “Disclosure of Related Parties”, related parties are g. A person identified in (1a) has a significant
persons or entities that are related to the reporting party, influence over the entity or is a member of
including: the entity’s (or of a parent of the entity’s) key
1. A person, or his/her immediate family member, is management; or
related to the reporting entity if the person: h. The entity, or any member of a group of which it
a. Is in control or in joint control over the reporting is a part, provides key managerial services to the
party; reporting entity or to the parent of the reporting
b. Has significant influence over the reporting entity; entity.
or
c. Key manager of the reporting entity or the parent In lending transactions with an affiliated or related party,
of the reporting entity. CIMB Niaga has also adhered to the OJK Regulation
2. An entity is related to a reporting entity if any of the (POJK) No. 38/POJK.03/2019 on Maximum Limit of
following conditions apply: Loan Disbursement and Allocation of Large Funds for
a. The entity and the reporting entity are members Commercial Banks, as well as the internal rules of CIMB
of the same company (meaning that each parent, Niaga, including Commercial Loans Policy and Consumer
subsidiary, and subsidiary of the subsidiary are all Loans Policy, and shall obtain the approval of the Board
related to one another); of Commissioners prior to the disbursement realization.
b. One entity is an associate or joint venture of the
other entity (or an associate or joint venture of a
member of a company of which the other entity is
a member);
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REASON BEHIND TRANSACTION WITH RELATED PARTIES
Transactions with related parties are carried out mainly for the benefit and continuity of CIMB Niaga’s business and are
related to the lending and borrowing of funds in the context of normal business activities that generate income and run
on a regular, recurring, and/or sustainable basis.
FAIRNESS, REVIEW MECHANISM, AND COMPLIANCE WITH REGULATIONS ON TRANSACTIONS
WITH AFFILIATED PARTIES
Transactions with affiliated/related parties are undertaken under similar terms and conditions to transactions with
third parties. The transactions carried out by CIMB Niaga have complied with the Regulation of the Financial Services
Authority of the Republic of Indonesia No. 42 on “Affiliated Transactions and Conflicts of Interest” at the time these
transactions were carried out. In the normal course of business, CIMB Niaga undertakes transactions with related
parties due to ownership and/or management relations. All transactions with related parties are carried out under
mutually agreed-upon terms and conditions.
Detailed information regarding CIMB Niaga’s transactions with related parties and the nature of these transactions as
of 31 December 2023 is presented in the following table:
Related parties Sifat dari hubungan Sifat dari transaksi
CIMB Bank Berhad Owned by the same ultimate shareholder Current Account with other banks; Other assets;
Deposits from other banks; Subordinated bonds;
Obligations due immediately; Accruals; Derivative
Payables
CIMB Thai Bank Public Company Owned by the same ultimate shareholder Current Account with other banks; Deposits from
Limited other banks
CIMB Bank Berhad Shanghai Owned by the same ultimate shareholder Current account with other banks
PT CGS-CIMB Sekuritas Indonesia Controlled by joint venture which owned by Loans; Deposits from customers; Other assets;
ultimate shareholders Obligations due immediately
PT Niaga Manajemen Citra Managed by Bank CIMB Niaga’s executive officers Prepaid expenses; Deposits from customers
CIMB Group Sdn Bhd Majority shareholder Other assets; Deposit from customers; Deposit
from other bank
PT Synergy Dharma Nayaga Owned by the same ultimate shareholder Deposits from customers
PT Commerce Kapital Owned by the same ultimate shareholder Deposits from customers
Southeast Asia Special Asset Vehicle Owned by the same ultimate shareholder Deposits from customers
Limited
PT Principal Asset Management Owned by the same ultimate shareholder Deposits from customers
CIMB Securities Limited Owned by the same ultimate shareholder Deposits from customers
CIMB Private Equity Sdn Bhd Owned by the same ultimate shareholder Deposits from customers
CGS-CIMB Futures Indonesia Controlled by joint venture which owned by Deposits from customers
ultimate shareholders
PT CGS Konsultan Management Controlled by joint venture which owned by the Deposits from customers
ultimate shareholders
CGS-CIMB Securities (Singapore) Controlled by joint venture which owned by Deposits from customers
Pte Ltd ultimate shareholders
Dana Pensiun Bank CIMB Niaga Managed by Bank CIMB Niaga’s executive officers Deposits from customers
CIMB Group Holdings Berhad Majority shareholder Deposits from customers
CIMB Islamic Bank Berhad Owned by the same ultimate shareholder Deposits from other banks
CIMB Investment Bank Berhad Owned by the same ultimate shareholder Deposits from customers
Board of Commissioners, Directors, Management of Bank CIMB Niaga Loans; Deposits from customers
and Executive Bank Officers
CIMB Group Sdn Bhd Majority shareholder Deposits from customers
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As previously mentioned, the Board of Directors has stated that the above-mentioned affiliated transactions have
complied with the appropriate procedures. The Bank has also ensured that these affiliated transactions have been
carried out in accordance with generally accepted business procedures, including the arm’s length principle.
The Board of Commissioners and the Audit Committee have a role in ensuring that these transactions have complied
with the appropriate procedures and ensuring that they are carried out in compliance with generally accepted business
practices, including the arm’s length principle.
CIMB Niaga conducts these affiliated or material transactions as business activities that are carried out in order to
obtain operating income on a regular, and/or sustainable manner. These transactions are also outlined in the annual
financial report in the Notes to Financial Statements.
VALUE OF TRANSACTIONS WITH RELATED PARTIES
In 2023, the total value of transactions with related parties on the asset side amounted to Rp992.3 billion and on
the liability side amounted to Rp839.8 billion. Information regarding outstanding balances on transaction with related
parties that are associates of CIMB Niaga is as follows:
(in million Rupiah)
Value of Transactions with Related Parties 2023 2022 2021
ASSETS
Current Accounts with Other Banks
CIMB Bank Berhad 17,611 4,049 41,551
CIMB Thai Bank Public Company Limited 5,334 2,185 1,421
CIMB Bank Plc - - 1,426
CIMB Bank Berhad Shanghai 1,784 1,172 -
Loans
Board of Directors 87,446 88,442 142,618
Board of Commissioners 9,568 - -
Executive Officers of the Bank 73,743 67,853 60,989
PT CGS-CIMB Sekuritas Indonesia 50,000 30,000 -
Prepaid Expenses
PT Niaga Manajemen Citra 92,580 98,822 93,621
Other Assets
CIMB Bank Berhad 654,271 122,789 -
CIMB Group Sdn Bhd - 1,476 -
Total assets associated with related parties 992,337 416,788 341,626
Percentage to total assets 0.30% 0.14% 0.11%
LIABILITIES
Customer deposits
Current Accounts
Board of Commissioners 5,232 5,307 3,586
Board of Directors 247 251 231
Executive Officers of the Bank - - 21
PT Synergy Dharma Nayaga 102,721 101,537 100,321
PT Commerce Kapital 97,566 70,972 46,619
Southeast Asia Special Asset Vehicle Limited 10,575 16,115 18,035
PT Principal Asset Management 967 690 6,864
CIMB Securities Limited 497 445 394
CIMB Private Equity SDN BHD 110 110 110
CGS-CIMB Futures Indonesia 13,465 15,503 9,596
PT CGS-CIMB Sekuritas Indonesia 61,168 10,098 9,045
PT CGS Konsultan Management 462 380 963
CGS-CIMB Securities (Singapore) Pte Ltd 87 86 94
232 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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(in million Rupiah)
Value of Transactions with Related Parties 2023 2022 2021
Bank CIMB Niaga Pension Fund 691 479 2,248
PT Niaga Manajemen Citra 20 15 17
CIMB Group Sdn Bhd - 8,111 1,653
CIMB Group Holdings Berhad 5 5 -
Savings
Board of Commissioners 15,526 11,994 10,023
Board of Directors 87,926 86,650 58,668
Executive Officers of the 150,334 141,260 102,823
Bank CIMB Niaga Pension Fund 4 5 12
Time Deposits
Board of Commissioners 5,950 3,521 998
Board of Directors 3,516 381 3,588
Executive Officers of the Bank 22,169 13,764 6,052
PT Principal Asset Management 7,000 3,500 3,700
PT CGS Konsultan Management 13,800 1,000 -
Bank CIMB Niaga Pension Fund 540 - -
CGS-CIMB Futures Indonesia 15,000 15,000 15,000
PT CGS-CIMB Sekuritas Indonesia 58 71 84
Deposits from other banks (Current Accounts)
CIMB Bank Berhad 86,838 189,572 76,530
CIMB Bank Bhd Singapore, Private Banking-Trust Account - - 17,933
CIMB Islamic Bank Berhad 4,455 3,720 2,404
CIMB Investment Bank Berhad 534 138 1,904
CIMB Thai Bank Public Company Limited 2,060 1,410 901
CIMB Group Sdn Bhd 23 - -
Derivative payables
CIMB Bank Berhad - 53,261 -
Subordinated Bonds
CIMB Bank Berhad 35,996 71,062 70,596
Obligations Due Immediately
CIMB Bank Berhad 91,885 217,593 -
PT CGS-CIMB Sekuritas Indonesia 1,981 - -
Accruals
CIMB Bank Berhad 460 913 -
Total liabilities attributed to related parties 839,845 1.044.918 571,013
Percentage to total liabilities 0.29% 0.40% 0.21%
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Spot and Derivative Transactions
In 2022, CIMB Niaga records activities that contain spot transactions, derivatives, and hedging facilities, as shown in the
following table:
(in million Rupiah)
Growth (%)
Derivative Receivables and Liabilities 2023 2022 2021
2022-2023 2021-2022
Derivative receivables (fair value) 849,014 969,308 909,081 (12.41) 6.63
Unrelated to hedging 830,806 963,256 909,081 (13.75) 5.96
Hedging instruments in fair value hedges related 18,208 6,052 - 200.86 100.00
Derivative payables (fair value) 540,051 701,179 294,659 (22.98) 137.96
Unrelated to hedging 523,676 682,687 235,755 (23.29) 189.57
Hedging instruments in fair value hedges related 16,375 18,492 58,904 (11.45) (68.61)
The majority of the Bank’s derivative receivables, 44,56% and 39,04%, respectively, were interest rate swaps and foreign
currency swap transactions. The decline in derivative receivables was mostly due to foreign currency swap transactions,
which decreased to Rp331.4 billion in 2023 from Rp416.3 billion in 2022.
(in million Rupiah)
Growth (%)
Derivative Receivables 2023 2022 2021
2022-2023 2021-2022
Interest rate swaps 378,297 429,845 777,679 (11.99) (44.73)
Foreign currency swaps 331,446 416,323 37,371 (20.39) 1.014
Foreign currency options 42,259 61,103 78,637 (30.84) (22.30)
Foreign currency forwards 95,773 56,389 10,545 69.84 434.75
Interest rate future - 2,918 4,779 (100.00) (38.94)
Foreign currency spots 1,239 2,730 70 (54.62) 3.800
Total 849,014 969,308 909,081 (12.41) 6.63
The Bank’s derivative liabilities, which stood at 55.44% are interest rate swaps. In 2023, the decline in derivative liabilities
was mainly due to interest rate swap transactions that decreased to Rp299.4 billion in 2023 from Rp547.0 billion in 2022.
Hedging facilities carried out by CIMB Niaga represent an interest rate swap transaction.
(in million Rupiah)
Growth (%)
Derivative Liabilities 2023 2022 2021
2022-2023 2021-2022
Interest rate swaps 299,397 547,027 120,962 (45.27) 352.23
Foreign currency options 51,397 68,078 77,505 (24.50) (12.16)
Foreign currency swaps 116,854 47,057 4,670 148.32 907.64
Foreign currency forwards 46,385 35,792 88,098 29.60 (59.37)
Interest rate future 1,844 2,510 600 (25.53) 318.33
Foreign currency spots 24,174 715 2,824 3,280.98 (74.68)
Total 540,051 701,179 294,659 (22.98) 137.96
234 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Changes in Law and Regulations with Significant Effect on
the Bank and Their Impact on Financial Report
Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
1 • PBI No. 11 of 2023 1. Effective 1 October 2023, BI has BI strengthens the 1. CIMB Niaga Has no
and increased the total incentive for Macroprudential Policy (Conventional significant
• PADG No. 11 of 2023 Banks from 2.8% to a maximum of stimulus to encourage and UUS) used impact on
4%, as detailed below: the growth of Banking BI incentives to the financial
Regarding a. Credit or financing incentives for Credit/Financing by reduce average statements for
Macroprudential specific sectors are capped at 2%. implementing the GWM. the current or
Liquidity Incentive b. RPIM achievement incentives are Macroprudential 2. CIMB Niaga previous year’s
Policy capped at 1%. Liquidity Incentive has adjusted periods.
c. The maximum incentive for (KLM) Policy, which its internal
providing credit or financing to reduces bank demand procedures.
Ultra Micro (UMi) is 0.5%. deposits at BI. 3. The bank
d. The maximum incentive for submitted UMi’s
providing environmentally quarterly report to
friendly credit or financing is BI.
0.5%.
2. Banks must submit quarterly Ultra
Micro (UMi) reports by the 20th of
the following month.
2 • PADG No. 2 of 2023 BI adjusted the amount of GWM that An increase in the total CIMB Niaga has Has no
and received remuneration/’athaya in line amount of incentives adjusted its internal significant
• PADG No. 12 of 2023 with the increase in the number of that can be received procedures. impact on
incentives by reducing the average by the Bank thus the financial
Regarding Mimimum GWM fulfillment, resulting in the affects the amount of statements for
Statutory Reserves following: a certain portion of the current or
in Rupiah and a. BUK: 5-7% the fulfillment of GWM previous year’s
Foreign Currency b. UUS: 3.5–5.5% obligations in Rupiah, periods.
for Conventional which is given to the
Commercial Banks, Bank as remuneration/
Sharia Commercial gifts (‘athaya).
Banks, and Sharia
Business Units.
3 POJK No. 9 of 2023 1. Banks are required to use Public In accordance with the CIMB Niaga will make Has no
and Accountants (PA) and Public provisions of laws and changes to Bank AP/ significant
SEOJK No.18 of 2023 Accounting Firms (PAF) with the regulations, as well as KAP appointment impact on
following criteria: the professional code procedures, such the financial
Regarding the Use a. registered with the Financial of ethics of the public as updating written statements for
of Public Accounting Services Authority (OJK) accountant, which guidelines or internal the current or
Services and Public b. included in the list of active APs governs restrictions Bank regulations. previous year’s
Accounting Firms in and KAPs. on the use of audit periods.
Financial Services c. competent in accordance with services, regulations
Activities the complexity of the Bank’s must be harmonized
operations. in order to create
2. Change the rules for limiting the use an independent
of Audit Services and the cooling-off relationship while also
period for the same AP, specifically: providing an adequate
a. Restrictions on the use of Audit learning curve to
Services on annual historical understand the
financial information from the conditions of the party
same AP for 7 (seven) cumulative (in this case, the Bank)
years, calculated cumulatively since in providing service.
the 2017 financial year.
b. The cooling-off period for using the
same AP is:
• AP engagement partner for
5 (five) consecutive reporting
financial years.
• AP responsible for reviewing
engagement quality control for
3 (three) consecutive reporting
financial years.
• Other audit engagement
partners: 2 (two) consecutive
reporting financial years.
c. To ensure compliance with audit
service restrictions and cooling off
periods, the Bank requests that
KAP submit the results of its self-
assessment.
3. Banks must include the audit scope in
their work agreement with the KAP.
This serves as a guide for the audit,
taking into account the Bank’s specific
provisions.
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
4 POJK No. 12 of 2023 1. The rules for Executive Officers, Law No. 4 of 2023 1. CIMB Niaga Has no
concerning Sharia the use of foreign workers (TKA), Concerning the has adjusted its significant
Business Units (UUS) and Sharia Business Unit (UUS) Development and office network impact on
management composition remain Strengthening of the in accordance the financial
unchanged for Directors supervising Financial Sector (UU with this POJK statements for
UUS and DPS. However, there P2SK) requires the OJK in the APOLO the current or
are some new rules to highlight, to issue regulations report for the July previous year’s
including: implementing the period, which will periods.
a. The responsibility for UUS obligation to separate be submitted in
development does not only lie UUS. August 2023.
with the Director who supervises 2. CIMB Niaga has
UUS but also with all BUK continuously
Directors and the Board of adjusted its
Commissioners. internal policies
b. The BUK Articles of Association and procedures.
have to clearly indicate that 3. CIMB Niaga has
all Directors and the Board of included a short-
Commissioners are responsible term strategy in
for UUS development. line with the POJK
c. If there is a vacancy or the UUS Bank Business
PE is unable to perform their Plan (RBB).
duties for more than 3 months, 4. CIMB Niaga
the UUS can appoint a temporary has presented
executive officer. a long-term
2. Adjust the Office Network settings strategy for UUS
to align with the BUK Office Network development in
settings, such as: the BUK Corporate
a. The UUS Office Network includes Plan report in
KCS, KCPS, KFS, and Overseas November 2023.
Offices, so that Cash Offices,
Payment Points, and Cash
Services are removed and can be
reported as KCP/KF.
b. UUS offices can conduct service
and operational activities through
electronic channels and/or
provide TPE.
3. Arrangements for the UUS spin-off
are as follows:
a. BUK, which has:
- UUS with an asset share of
50% of the parent BUK’s total
assets and/or total assets of at
least IDR 50 trillion,
- based on quarterly published
reports, should do UUS
separation.
b. Approval for UUS separation is
submitted within two years of
the quarterly publication report
deadline for the Q2 position
(June), which is no later than
15 August 2023 (red. 15 August
2025).
4. BUKs with UUS must have a long-
term strategy for future business
development, as outlined in the RBB
and Corporate Plan.
5. Beginning 30 November 2023, the
BUK Corporate Plan report must
include the long-term strategy for
UUS business development.
236 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
5 Government 1. PRP premiums are contribution As a follow-up to the CIMB Niaga will Has no
Regulation (PP) No. 34 funds imposed on the banking issuance of the P2SK make PRP premium significant
of 2023 concerning industry to cover potential financial Law payments in 2025 impact on
the Amount of the system crises that threaten the while waiting for the financial
Premium Share for national economy. implementation and statements for
Funding the Banking 2. The difference between LPS the current or
further regulation
Premium and PRP Premium: previous year’s
Restructuring Program from LPS.
a. LPS premium: used to address periods.
(PRP Premium)
individual bank crises;
b. PRP premium: used when there
is a banking crisis that threatens
the national economy (if it affects
several banks).
3. The PRP premium is calculated
by grouping banks based on the
amount of assets and risk level.
PRP premium = Premium
Presentation amount x the Bank’s
average total assets.
4. Premium payments are made
twice a year, aligned with the LPS
premium deadline.
5. The first payment for PTP premiums
will be made by 31 January 2025.
6 • PADG No. 10 of 2023 1. Added Bank Indonesia Rupiah 1. BI issues SRBI CIMB Niaga has Has no
and Securities (SRBI) to the list securities, which can adjusted its internal significant
• PADG No. 18 of 2023 of securities eligible for PLM contribute to the procedures. impact on
fulfillment. Macroprudential the financial
Regarding the 2. Adjust BUK PLM obligations to 5% Liquidity Buffer statements for
Macroprudential of BUK TPF in Rupiah, including UUS (PLM). the current or
previous year’s
Intermediation Ratio DPK. 2. To encourage
periods.
and Macroprudential credit or financing
Liquidity Buffer (PLM) disbursement and
for Conventional allow banks to
Commercial Banks manage liquidity
(BUK), Sharia in disbursing
Commercial Banks credit more flexible.
(BUS), and Sharia
Business Units (UUS).
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
7 POJK No. 17 of 2023 1. Added minimum requirements to 1. Align the Bank’s 1. CIMB Niaga will Has no
concerning the the Committee Charter. governance update its charter significant
Implementation 2. The members of the Audit arrangements with and internal impact on
of Governance for Committee and Risk Monitoring current business procedures. the financial
Commercial Banks Committee may include needs. 2. CIMB Niaga will statements for
independent Sharia experts. 2. Harmonization update the annual the current or
3. The cooling-off period for an of governance GCG report to previous year’s
independent party on the Bank with various comply with the periods.
committee is regulated as follows: provisions as well as provisions.
a. Former Directors, Executive harmonization with 3. CIMB Niaga will
Officers, or parties related to the other sectors. update the risk
Bank: minimum of 6 months. 3. Current Best profile report
b. Former Directors/Executives in Practices and in line with the
charge of Supervisory functions: Benchmarking from provisions.
no cooling-off period is required. other countries.
4. The Board of Directors and the
Board of Commissioners must
ensure that the Bank’s risk
management implementation
includes Country Risk and Transfer
Risk as specified in the Risk
Management POJK.
5. Added rules for the Dividend Policy.
6. The GCG Annual Report will now
include disclosure of financial and/
or family relationships for the
Board of Directors and Board of
Commissioners, up to the second
degree.
7. The time period for incidental
reports by the Board of
Commissioners in the event of
a violation of provisions and/or
conditions threatening the Bank has
been reduced to 5 (five) working
days, previously 7 working days.
8. Added regulations for dismissing/
replacing members of the
Board of Directors and Board of
Commissioners before the end of
their terms of office.
9. The cooling-off period for
independent commissioners is
regulated as follows:
a. A minimum of one year for:
• a former member of the Board
of Directors;
• Former Executive Officers;
• Parties with a relationship with
the bank;
• A non-independent
commissioner.
b. Minimum of 6 months for:
• Former President Director of
the Bank concerned;
• Former Directors in charge
of the Supervisory function
(e.g. Compliance Director, Risk
Management Director);
• Former executive officer
who carries out supervisory
functions (e.g., executive
officer who supervises internal
audit).
238 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
8 SEOJK No. 16/ 1. A central counterparty (CCP) is As an implementation Following the It has no
SEOJK.03/2023 an institution established to clear provision of Article operation of the first significant
concerning Calculation exchange traded derivatives, OTC 42 POJK concerning QCCP institution impact on
of Capital for Bank derivatives, and SFT transactions KPMM, which regulates in Indonesia, CIMB financial reports
Exposure to Central carried out by CCP members, which the determination Niaga will calculate because there
Counterparty are Banks. of exposure to CCP the Bank’s exposure are no QCCP
Institution (CCP) 2. Banks have to determine their institutions in capital to CCP and submit institutions in
exposure when conducting CCP reports and Indonesia.
transactions. publications.
3. Banks are required to submit a
Transaction Exposure Report with
CCP as part of the Credit Risk RWA
report, which includes the following:
• Individuals: reported monthly.
• Consolidation: reported quarterly
*)
submitted for the first time after
QCCP operates in Indonesia.
4. Publication: The Bank publishes
individual and consolidated
exposure reports for CCP
transactions at the end of June and
December.
The first publication was made
after QCCP began operations in
Indonesia.
9 SEOJK No. 17/ 1. Margin refers to funds and/or 1. The G-20 CIMB Niaga will It has no
SEOJK.03/2023 on securities deposited as collateral encourages clearing calculate and provide significant
Margin Requirements to mitigate risks in derivative OTC derivative margin following the impact on
for Non-Cleared transactions. transactions operation of the first financial reports
Derivative Transactions 2. Margin provisions apply to: through CCPs, QCCP institution in because there
through Central a. Derivatives with standard requiring a sufficient Indonesia. are no QCCP
Counterparty contracts cleared through QCCP margin for non- institutions in
Institutions (CCP) in Indonesia; and cleared derivative Indonesia.
b. Derivatives with non-standard transactions (NCCD
contracts. transactions) for risk
3. The Bank must apply the initial and mitigation.
variation margin requirements for 2. Banks can use
NCCD transaction contracts starting these standards to
on 1 September of the following determine margin
year, after the first Qualifying CCP requirements
(QCCP) commences operating in for non-cleared
Indonesia. derivative
transactions through
CCP
10 SEOJK No. 24/ 1. The digital maturity level 1. Guidelines for 1. CIMB Niaga will Has no
SEOJK.03/2023 on assessment helps banks evaluating bank submit a self- significant
Assessment of Digital determine, assess, and evaluate digitalization levels assessment report impact on
Maturity Level of their digitalization level to determine are required. on the Bank’s the financial
Commercial Banks the Bank’s digitalization condition. 2. As an implementing digital maturity statements for
2. Banks are required to conduct a regulation of level by the the current or
self-assessment of their Digital POJK No. 11/ deadline. previous year’s
Maturity Level (DMAB) at least once POJK.03/2022 on 2. CIMB Niaga will periods.
a year. the Implementation adjust internal
3. Banks can conduct digital of Information procedures.
maturity level assessments Technology by
independently (self-assessment) or Commercial
through third parties. Banks (POJK
4. Banks should have internal policies PTI), to regulate
and procedures in place to carry mechanisms for
out assessments that include at assessing digital
least one of the parties conducting maturity levels.
the assessment and the party
conducting the review.
5. Bank digital maturity level self-
assessment report:
a. Submitted for the first time for
positions ending December 2023,
maximum at the end of June 2024
b. Furthermore, it is submitted
on a regular basis as part of
the Current Conditions of IT
Implementation Report (LKTPTI),
with the maximum working day
on 15 January.
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Performance Management Company Management Discussion Risk
Highlights Reports Profile and Analysis Management
Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
11 PADG No. 20 of 2023 1. Banks are required to include the 1. Response from 1. CIMB Niaga will Has no
concerning Procedures statement “The Bank is licensed and Bank Indonesia update RIPLAY significant
for Implementing Bank supervised by Bank Indonesia” in all to the issuance of and the Bank’s impact on
Indonesia Consumer offering documents and/or product Law No. 4 of 2023 marketing the financial
Protection information. on Financial Sector materials for this statements for
the current or
2. Banks are required to provide Development and provision.
previous year’s
consumer education to increase Strengthening 2. CIMB Niaga will periods.
literacy at least once per semester. (UUP2SK), as well update its internal
3. Banks are required to have an as responding to policies and
Education Function that, among the challenges procedures.
other things, is responsible for of implementing 3. CIMB Niaga
submitting reports on education effective Consumer submitted a report
plans and implementation. Protection amidst on Consumer
4. Banks are required to have a the development of Protection to BI.
mechanism in place to compensate the digital financial 4. CIMB Niaga has
customers for losses, as well as economy. established an
internal provisions for mitigating 2. As an technical educational
and handling consumer complaints regulation to function.
about transactions that appear to be support the
fraudulent. implementation
5. Banks are required to submit of Consumer
consumer protection reports, Protection principles
namely: by Bank Indonesia.
a. Education Plan Report,
b. Education Implementation
Report, and
c. Complaint Handling and
Settlement Report.
12 POJK No. 21 of 2023 on 1. Electronic Banking Services (EBS) 1. As a follow-up to 1. CIMB Niaga will Has no
the Digital Services of and Digital Banking Services (DBS) the 2020–2025 update its internal significant
Commercial Banks are no longer separated and not Indonesian Banking policies and impact on
require separate licensing. The term Development procedures. the financial
Commercial Bank Digital Services Roadmap and the 2. CIMB Niaga will statements for
the current or
(LDBU) is now used, and licensing is 2021 Banking Digital update its IT
previous year’s
not separate. Transformation infrastructure for periods.
2. Digital services can be provided by Blueprint. Digital Services.
the following: 2. Response to Law 3. CIMB Niaga will
a. a Bank, or No. 4 of 2023 on submit a report
b. With Bank partners under Financial Sector on the list of bank
cooperation agreements. Development and partners to the
3. Basic Bank products are digital Strengthening OJK.
payment services whose licensing (UUP2SK); 4. CIMB Niaga has a
is fully regulated by Indonesia’s 3. Solutions to issues function assigned
payment system authority (for with providing EBS to implementing
example, Bank Indonesia). and DBS. digital services.
4. In accordance with the provisions of
the AML - CFT, Banks must conduct
identification and verification when
conducting business relationships
with customers or prospective
customers via Digital Services.
5. Banks that provide Digital Services
must have a unit or function tasked
with handling the implementation of
Digital Services.
6. Banks may use electronic signatures
in providing Digital Services
in accordance with statutory
provisions.
7. Reporting Obligations:
a. A List of Partners Report for
digital services collaboration,
which is reported as part of the
Current Condition Report on Bank
IT Implementation.
b. A Realization Report within
5 working days after
implementation if the Bank has
obtained a license to provide
Digital Services.
c. An Evaluation Report within 3
months after the implementation
of Digital Services that meet new
product criteria.
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
13 SEOJK No. 25/ 1. Strengthen the Sharia Supervisory 1. To manage and 1. CIMB Niaga will Has no
SEOJK.03/2023 Board’s authority to implement risk mitigate risks in update the UUS significant
concerning the management. Sharia Commercial risk profile report impact on
Implementation of Risk 2. In implementing risk management, Banks and Sharia in accordance with the financial
Management for Sharia Banks are obligated to submit Business Units the provisions; statements for
Commercial Banks and reports: the current or
through the process 2. CIMB Niaga will
previous year’s
Sharia Business Units a. Quarterly Risk Profile Reports of identifying, update the Bank’s periods.
(individual and consolidated). measuring, internal policies
b. Report if there are conditions that monitoring, and and procedures
could result in significant losses controlling risks in
to the Bank’s financial condition. accordance with
c. Other reports on risk sharia banking
management implementation business activities
include cash flow projection and considering
reports in accordance with the conformity with
provisions of the Integrated sharia principles;
Commercial Bank Report (LBUT). 2. As an
implementation
provision of POJK
No. 65/POJK.03/2016
concerning the
Implementation of
Risk Management
for Sharia
Commercial Banks
and Business Units.
14 POJK No. 22 of 2023 1. Banks are prohibited cooperating 1. The P2SK Law 1. CIMB Niaga will Has no
on Consumer and with parties in financial sector that requires the OJK update the Bank’s significant
Community Protection do not have license from related to prepare POJK internal policies impact on
in the Financial Service authority. on consumer and procedures. the financial
Sector 2. Added provisions for exchanging protection. 2. CIMB Niaga will statements for
and transferring data/information 2. Harmonize submit reports the current or
outside the Republic of Indonesia, and strengthen related to Literacy, previous year’s
as per the Personal Data Protection consumer and Inclusion, and periods.
Law. community Complaint
3. Added provisions for credit/finance protection Handling Reports
card billing and taking over or regulations. in accordance
withdrawing credit/finance products with applicable
for defaulting consumers. regulations;
4. Financial literacy and inclusion 3. CIMB Niaga will
realization reports, as well as update collection
complaint service reports, will now activities in
be submitted semi-annually instead accordance
of quarterly as previously. with applicable
5. The Bank has changed its SLA for regulations;
following up on Complaint Handling 4. CIMB Niaga
from 20 to 10 working days. will update
and adjust the
Bank’s standard
agreements.
15 PADG No. 22 of 2023 1. Banks with Monetary Operation It is necessary to adjust 1. CIMB Niaga will Has no
concerning Monetary license from BI are required to the regulation of submit proof significant
Operation Participation submit proof of dealer treasury Monetary Operations of register impact on
registration by 1 August 2024, participation by BI the dealer’s the financial
via the licensing front office in order to maintain treasury with statements for
(e-licensing). compliance with Bank Indonesia the current or
2. Incident Report: governance aspects in accordance previous year’s
a. Report on changes to data, and harmonize with with accordance periods
information, and/or information developments in with prevailing
related to fulfilling your applicable regulations regulation;
obligations as a Monetary in the Money Market 2. CIMB Niaga
Operation participant: a and Foreign Exchange will update the
maximum of 20 (twenty) working Market. Bank’s internal
days after the change (previously procedures.
30 calendar days).
b. Report changes to data,
information, and/or information
related to the fulfillment of
human resource competency
aspects in the form of a Treasury
certificate: a maximum of 20
(twenty) working days of the
change (previously 30 calendar
days).
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Significant Changes from the Previous Impact on CIMBN Impact on
No. Law or Regulation Regulation or the Main Points of the Reason for Changes and Subsidiary Financial
New Regulation Entities Report
16 POJK No. 29 of 2023 1. Changes in the time period for 1. Strengthen aspects CIMB Niaga will Has no
on Share Buyback by implementing share buybacks, of information update activities in significant
Public Companies which must be completed no later disclosure and accordance with the impact on
than 12 (twelve) months after the supervision over provisions when the financial
date of the GMS that approved the implementation carrying out a Share statements for
the share buyback (previously 18 of share buybacks Buyback. the current or
(eighteen) months). and the fulfillment previous year’s
2. If the Bank discontinues the share of obligations to periods
buyback before completion, the transfer shares
Bank is obliged to: resulting from
a. Submit information to the OJK buybacks by Public
along with the reasons for the Companies;
discontinuance of the share 2. Accommodate
buyback; and the mechanism
b. Notify the public of the for transferring
discontinuance of the share shares resulting
buyback, along with the reasons from buybacks,
for discontinuing it, within 2 (two) which in practice is
working days of the decision to feasible but not fully
discontinue the share buyback. regulated.
3. Banks are required to transfer
repurchased shares (refloated)
within 3 years of the completion of
the share buyback. This period can
be extended if:
a. The Bank has transferred at least
10% of the buyback shares, or
b. The Bank’s share price does not
exceed the average price of the
buyback within 3 years after the
completion of the share buyback.
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Changes in Accounting Policies
REASONS FOR CHANGES IN ACCOUNTING POLICIES
Accounting policy changes are made in accordance with all applicable SFAS guidelines. CIMB Niaga adopted the following
accounting standards on 1 January 2023, which are considered to be relevant.
CHANGES IN ACCOUNTING POLICIES AND THEIR IMPACT
The Board of Financial Accounting Standards of the Indonesian Institute of Accountants (“DSAK-IAI”) has revised several
accounting standards, effective 1 January 2023, including changes in accounting policies that have no or significant
impact, which CIMB Niaga has implemented since 2023.
The changes in SFAS and IFAS that occurred in 2023 had no impact on the amounts reported in CIMB Niaga’s consolidated
financial statements. Accounting policy changes have been implemented for information submitted outside of the
financial statements, and an audit has been conducted on the financial statements.
Impact on CIMB Niaga
No Accounting Standards Adoption of IFRS/IAS Summary of Changes
and Subsidiaries
1. Amendment of SFAS 1: Adopted from The amendment to SFAS 1 This SFAS amendment has no effect
“Presentation of Financial Amendment of requires entities to disclose on the Bank’s or Subsidiaries’ Financial
Statements” on disclosure International Accounting “material accounting policy Reports for 1 January 2023.
of accounting policies Standards (IAS) 1: information,” which was previously
Presentation of Financial defined as “significant accounting This SFAS amendment is effective for
Statements: Disclosure policy,” and clarifies that not all the fiscal year beginning 1 January
of Accounting Policies. accounting policy information 2023.
related to transactions, events,
or other material conditions is Early adoption is permitted.
material to financial statements.
2. Amendment of SFAS 1: Adopted from Amendment to SFAS 1: This SFAS amendment has no effect
“Presentation of Financial Amendments to IAS • Clarify the classification of on the Bank’s or Subsidiaries’ Financial
Statements” Regarding The 1 Presentation of liabilities based on the entity’s Reports for 1 January 2023.
Classification of Liability as Financial Statements rights at the end of the
Current Liability or Non- on Classification of reporting period. This SFAS amendment is effective for
Current Liability” Liabilities as Current or • Clarify the right to postpone the fiscal year beginning 1 January 2023.
Non-Current Liabilities. payment.
• Clarify that the possibility of an Early adoption is permitted.
entity using its right to suspend
its liabilities does not affect its
liability classification.
3. Amendment of SFAS 25: This amendment is The amendment to SFAS 25 This SFAS amendment has no effect
“Accounting Policies, adopted fromof IAS 8 defines accounting estimates and on the Bank’s or Subsidiaries’ Financial
Changes in Accounting Accounting Policies, clarifies: Reports for 1 January 2023.
Estimates, and Errors” Changes in Accounting • Estimation and valuation
regarding the definition of Estimates and Errors. techniques are examples of This SFAS amendment is effective for
“accounting estimates” measurement techniques the fiscal year beginning 1 January 2023.
used to develop accounting
estimates. Early adoption is permitted.
• Changes in accounting
estimates due to new
information or developments
that are not corrections of
errors.
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Impact on CIMB Niaga
No Accounting Standards Adoption of IFRS/IAS Summary of Changes
and Subsidiaries
4. Amendment of SFAS 16: Adopted from This amendment clarifies the This SFAS amendment has no effect
“Fixed Assets” regarding Amendment of types of costs that are directly on the Bank’s or Subsidiaries’ Financial
proceeds before intended International Accounting attributable to the cost of an Reports for 1 January 2023.
use. Standards (IAS) 16: asset. This amendment includes
Property, Plant and provisions for: This SFAS amendment is effective for
Equipment: Proceeds • Recognizing sales proceeds the fiscal year beginning 1 January 2023.
before Intended Use. and acquisition costs for items
produced when bringing fixed Early adoption is permitted.
assets to the required location
and condition in accordance
with management’s intentions
in Profit and Loss.
• Measuring the cost of these
items using the requirements in
SFAS 14: Inventory.
5. Amendment of SFAS 46: Adopted from Amended This amendment proposes: This SFAS amendment has no effect
“Income Tax” on Deferred IAS 12 Income Taxes on • Added an initial recognition on the Bank’s or Subsidiaries’ Financial
Tax related to Assets and Deferred Tax related exception for deferred tax Reports for 1 January 2023.
Liabilities arising from a to Assets and Liabilities liabilities.
Single Transaction. arising from a Single • Include initial recognition This SFAS amendment is effective for
Transaction. descriptions for assets and the fiscal year beginning 1 January 2023.
liabilities.
• Added an initial recognition Early adoption is permitted.
exception for deferred tax
assets.
6. Amendement to SFAS 107 - This amendment has the impact This SFAS amendment has no effect
“Ijarah Accounting” of changing the policy for on the Bank’s or Subsidiaries’ Financial
implementing multiservice ijarah Reports for 1 January 2023.
on rental contracts that were still
in effect at the time of the SFAS This SFAS amendment is effective for
implementation. the fiscal year beginning 1 January 2023.
SFAS 107 covers ijarah contracts
used in both the financial and real Early adoption is permitted.
sectors.
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Application of the Foreign Account Tax Compliance ACT
(FATCA) & Common Reporting Standards (CRS)
FATCA is a regulation issued by the United States Department of Treasury and the Internal Revenue Service (“IRS”) to
prevent tax evasion by US citizens or companies (“US persons”) through funds or businesses held outside of the United
States. Meanwhile, the Common Reporting Standard (CRS) is an automatic financial information exchange standard for
tax purposes, which includes commentaries prepared by the Organization for Economic Cooperation and Development
(OECD) and G20 (Group of Twenty) member countries.
The Indonesian government also signed the International Automatic Exchange of Information (AEOI) agreement with
the issuance of Law No. 9 of 2017 concerning Stipulation of Government Regulations in Lieu of Law No. 1 of 2017
concerning Access to Financial Information for Tax Purposes becoming law.
On a frequent basis, CIMB Niaga is committed to complying with FATCA and CRS provisions. CIMB Niaga has registered
for FATCA membership with the IRS as a financial institution to implement FATCA provisions. Compliance with CRS has
been achieved by annually reporting CRS data to the Financial Services Authority (OJK) through the Foreign Customer
Information Submission System Application, or “Penyampaian Informasi Nasabah Asing (SiPINA)” Application.
As a financial institution, the Bank is required to
report foreigners’ tax information
A 30% withholding tax penalty
is charged on funds transferred to PROCEDURES FOR
countries outside the US by noncompliant
financial institutions. PARTICIPATING COMPANIES
1 2
Register as a participating Develop additional procedures
foreign financial institution for identifying customers or
potential customers
3 4
Develop additional procedures Submit regular reports to OJK
for customers such as
declaration forms
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Highlights Reports Profile and Analysis Management
Marketing Aspects
CIMB Niaga has an innovative marketing strategy focused Kejar Mimpi aims to increase loyalty and engagement for
on customer needs and aimed at optimizing the Bank’s each segment. CIMB Niaga is a banking industry pioneer
performance in the midst of difficult circumstances. that uses a community-based marketing approach for
CIMB Niaga’s marketing strategy is effective and precise its marketing activity, starting with young people in 2017
across various business lines, allowing it to maximize and expanding to 35 Kejar Mimpi communities in 35
potential and meet predetermined targets. The Bank is cities. This is supported by community development in
also committed to continuously improving the customer the sharia, family, and emerging business sectors. This
experience, which includes better customer targeting strategy is also being implemented in order to meet the
and insight as well as improved digital marketing. demand and behavior of each segment, which is looking
for a bank that can be a partner in helping them grow
ANALYSIS OF MARKET SEGMENT, and pursue their dreams, rather than just transactional-
COMPETITION, AND MARKET PENETRATION based.
EFFORTS
In 2023, global financial market dynamics will diverge, MARKETING STRATEGY AND BANK POSITION
reflecting the high uncertainty surrounding various IN THE INDUSTRY
countries’ economic prospects and policies. Financial CIMB Niaga will focus on providing brand experience in
market fluctuations in 2023 are influenced, among other 2023, carrying forward the spirit of the Kejar Mimpi brand
things, by the prospect of slowing economic growth, positioning. As a result, CIMB Niaga organizes various
persistently high inflation, the dynamics of geopolitical activities using a segmentation approach, providing
tensions, and concerns about widespread pressure on banking products and services that meet customer needs
the banking sector. and focusing on the youth, family, emerging business,
affluent, sharia, and corporate banking segments.
Despite a variety of global and domestic economic
challenges, the OJK stated that the domestic banking The approach to customers is also personalized and
industry would continue to perform well in 2023. Bank customized for each segment, as each segment has
Indonesia indicated that the intermediation function unique needs and characteristics. As a result, the
performed optimally, with loan growth of 10.38% on marketing strategy must be tailored to their specific
an annual basis. Investment and working capital loans requirements. Apart from that, marketing strategies and
contributed substantially to loan growth, which was policies emphasize communicating that CIMB Niaga is
12.26% and 10.05%, respectively. The capital adequacy a comprehensive digital bank that values sustainability
ratio reached a high level of 27.66% in December 2023. aspects.
Banking liquidity remained adequate, as reflected by
the Liquid Assets to Third Party Funds (AL/DPK) ratio in Every year, CIMB Niaga optimizes all existing networks
December 2023, which remained at 28.73%. Meanwhile, for product marketing and customer service, including
the banking non-performing loan (NPL) ratio was branch offices, ATMs, CDM/CRM, Digital Lounge, and
recorded as low, at 2.19% gross and 0.75% net. digital networks such as OCTO Mobile, OCTO Clicks, and
BizChannel@CIMB. The Bank carries out this to continue
Understanding market segment analysis and business to innovate in terms of product innovation, services,
competition in the banking industry, CIMB Niaga and business processes, with the goal of improving
undertakes market penetration efforts by identifying service quality and customer experience. Subsequently,
trends and customer needs in order to optimize product customer transactions can be carried out with increased
and service adaptation. This approach includes not security, particularly for digital transactions.
only traditional banking products but also digital and
innovative solutions to make customer access easier. Consistency in implementing effective and targeted
marketing strategies led Cimb Niaga to achieve good
Through the brand movement “Kejar Mimpi”, CIMB Niaga results and successfully maintain its position as
developed a platform and community for each segment, Indonesia’s second-largest private bank in terms of
which included young people, families, Sharia, and assets. CIMB Niaga also prioritizes meeting the needs
emerging businesses. With a segmentation marketing and preferences of its customers. CIMB Niaga responds
strategy, each segment has a different approach based
on their needs and behavior.
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to various market demands by implementing good, and efficiently by using digital platforms, mobile banking
effective, and efficient marketing strategies based on the applications, and online banking services.
Bank’s objectives.
In the minds of its target market, CIMB Niaga established
MARKETING COMMUNICATION STRATEGY the Bank’s positioning as a comprehensive digital bank
The Bank’s marketing communication strategy for 2023 that is concerned with inspiring sustainability, as well as
was focused on digital channels. Communication and a partner who grows with its customers and prospective
approaches are more personalized, with language and customers to help them pursue their dreams.
topics tailored to each segment.
Apart from that, the Bank’s marketing strategy includes
This year, CIMB Niaga expanded its marketing strategy by developing a strong brand image, actively participating
leveraging its channels. Previously focused on Instagram in various social activities, and innovating in marketing
and Facebook, it is now exploring new channels and campaigns to build trust and goodwill with the
platforms that can reach a larger audience, ensuring that community.
brand touchpoints grow and develop as people’s behavior
and digital platforms change. In 2023, CIMB Niaga PRODUCT DEVELOPMENT
focused on hybrid communication (offline and online), as In this era of continuous development, CIMB Niaga
well as a community approach and collaboration. continues to develop marketing strategies that are
adaptive and responsive to market changes. With a focus
CIMB Niaga also provides the best customer experience on innovation, technology, and customer service, CIMB
through Kejar Mimpi Concert for Indonesia, Kejar Mimpi Niaga also develops products to provide added value
Action Nation, Kejar Mimpi Lokal Berdaya, Kejar Mimpi to customers through various product innovations and
Actionation, Haya Festival, Syariah Talks, Kejar Mimpi the best banking services available, as well as a variety
Berani Bisnis Ngobiz (Ngobrol Bisnis), Kejar Mimpi Rising of bundling products tailored to their specific needs.
Start, Kejar Mimpi Talent Hunt, Kejar Mimpi Goes to Furthermore, the service concept has been thoroughly
School, Kejar Mimpi Community, Kejar Mimpi Warrior, developed, both conventional and Sharia-based,
CIMB Niaga DL Carnival, and CIMB Niaga DL @Campus. across physical and digital channels. In terms of Brand
Marketing Communication, product development is also
INTERNAL MARKETING carried out to unify narratives, programs, and processes
In 2023, CIMB Niaga continued to implement a marketing from various lines, making customers’ interactions with
and communication strategy internally for all CIMB Niaga the bank more impactful or meaningful.
employees in accordance with the “Inside Out Marketing”
campaign. This strategy was implemented by educating CIMB Niaga is also developing features and capabilities
employees about the Bank’s products and services, for digital banking services for both retail and non-retail
which are promoted internally through an integrated segments, which are expected to help the Bank become
and daily e-mail blast communication channel, as well a digital banking leader while also supporting the CASA
as by installing thematic screen displays (wallpapers) strategy. Product innovations for loan disbursement,
on all employees’ laptops and desktop work devices. fund raising, and digital banking development are also
Marketing to staff was also supported by product and being developed on a continuous basis to meet customer
service explanations through the Media Digital Internal needs and provide a better customer experience. Product
Magazine, as well as LED TVs installed in a number of innovations for loan disbursement, fund raising, and
main offices. digital banking development are also being developed
on a continuous basis in order to meet customer needs
BANK’S PRODUCT POSITIONING AND THE for faster transaction processing and a better customer
CONSUMER experience.
CIMB Niaga is a banking market leader with a strong
position in Indonesia’s digital banking services. One INTEGRATION, SYNERGY, AND ALLIANCES
of the Bank’s marketing advantages is its ability to use In order to implement integration, synergy, and alliances
technology to enhance the customer experience. CIMB on the business side, CIMB Niaga continues to raise
Niaga enables customers to conduct transactions, access awareness, which is supported in business acquisition by
information, and manage their finances more quickly obtaining business leads. This is carried out to facilitate
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business integration and alliances. The Bank also digital banking technology, increasing services, and
continues to collaborate with its business units to explore expanding the number of branchless banking options,
various opportunities that exist through customer including ATM/CDM. All of these efforts reflect the Bank’s
deepening from different business segments among its commitment to continuously improving services for all
existing customer base, such as cross-selling and value customers in order to provide the best possible customer
chains between business units, which can increase experience.
product holding per customer and customer engagement
with the Bank. Cooperation and coordination among In terms of promotions, CIMB Niaga continues to
business units are required to increase product and conduct promotional activities with the goal of attracting
service sales and expand customer networks. customers and providing the public with the most up-to-
date and relevant information about the Bank’s products
CIMB Niaga collaborates with its subsidiary, PT CIMB and services. Inform the Bank’s products and services in
Niaga Auto Finance (CNAF), to provide consumer an integrated manner above the line (ATL), followed by a
financing for auto loans (KPM). Meanwhile, collaboration communication strategy delivered below the line (BTL).
with the group is ongoing to strengthen product links and Furthermore, CIMB Niaga optimizes communication
maximize regional synergies while also gaining access to through the Bank’s media channels, which include
new markets. websites, social media accounts, posters, ATM and CDM
channels, and mobile cash branding.
Cross-product penetration is also carried out for retail
products, such as CIMB@Work, which offers mortgages, MARKET SHARE
auto loans, credit cards, payroll, and other services CIMB Niaga continues to strive to strengthen its position
to corporate segment customers’ employees. The as Indonesia’s second-largest private bank in terms of
Transaction Banking Unit also helps to connect the assets. In 2023, CIMB Niaga had a 2.84% market share
financing and funding services chain between principals, in terms of assets. In the banking industry, customer
distributors, and suppliers. deposits and low-cost funds recorded a market share
of 2.79% and 2.93% of the total market, respectively. In
SERVICE EXCELLENCE AND PROMOTIONAL terms of loans, CIMB Niaga recorded 3.01% of the total
CAMPAIGNS industry market share.
To meet customer needs for easy and secure transactions,
CIMB Niaga continues to invest and innovate by optimizing
Description 2023 2022 2021
Total Assets (in billion Rupiah) Industry 11,765,838 11,113,321 10,112,304
CIMB Niaga 334,369 306,754 310,787
Loans (in billion Rupiah) Industry 7,090,243 6,423,564 5,768,585
CIMB Niaga 213,370 196,611 181,613
Customer Deposits (in billion Rupiah) Industry 8,457,929 8,153,590 7,479,463
CIMB Niaga 235,862 227,189 241,349
NIM (%) Industry 4.81 4.71 4.51
CIMB Niaga 4.40 4.69 4.86
CASA Ratio (%) Industry 63.04 63.30 61.18
CIMB Niaga 63.86 63.57 61.34
NPL Ratio – Gross (%) Industry 2.43 2.44 3.00
CIMB Niaga 1.96 2.80 3.46
LDR (%) Industry 83.83 78.78 77.13
CIMB Niaga 89.30 85.63 74.35
ROA (%) Industry 2.74 2.43 1.84
CIMB Niaga 2.59 2.16 1.82
CAR (%) Industry 27.65 25.66 25.67
CIMB Niaga 24.02 22.19 22.68
Source: Indonesian Banking Statistics December 2023, OJK.
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MARKETING STRATEGY AND TARGETS IN 2024 4. Strengthen the brand’s reputation as a comprehensive
In 2024, with optimism about improving economic and digital bank and demonstrate its commitment to
financial conditions, CIMB Niaga will implement the sustainability.
following marketing strategies: 5. Providing customer experience through the
1. Focus on out-of-region marketing through online and development of a customer-centric organization
offline activities. 6. Optimize channels and communications with
2. Ensure an optimal brand experience for customers personalized content marketing.
and prospective customers within CIMB Niaga’s 7. Strengthen internal engagement and build a brand
target segments. from within through inside-out marketing.
3. Strengthen brand evangelist through Kejar Mimpi 8. Enhance CIMB Niaga’s presence through public
social movement, including the community, brand relations.
warriors, and employee warriors, to increase brand
loyalty and word-of-mouth.
Business Prospects
GLOBAL AND NATIONAL MACROECONOMIC The resilience of Indonesia’s economic growth in facing the
CONDITIONS IN 2024 risk of global uncertainty so far will be a strong foundation
The global economy’s development is projected to continue for achieving Indonesia’s economic growth target in
to slow down in 2024. The IMF predicts that the global 2024. The performance of both private and government
economy will reach 3.1%, while Bank Indonesia predicts consumption and investment is expected to improve in
only 2.8%. This prediction is influenced by a number of line with public consumption confidence, which remains
risks that could increase global economic uncertainty, such high, as well as the sustainability of the development
as ongoing geopolitical tensions, economic weakness in a of the National Strategic Project (PSN). Implementing a
number of countries, including China, and high monetary safe and conducive General Election in 2024 is critical for
policy interest rates and bond yields in developed countries. achieving national economic, social, and political stability.
With these various developments, Bank Indonesia predicts
Inflation pressure remains high, and it is even starting to that economic growth in 2024 will be in the range of 4.7–
increase again in response to rising global oil prices (too 5.5%. The positive performance of Indonesia’s Balance of
high for too long). As a result, international interest rates Payments is expected to continue in 2024, supported by
are expected to remain high for an extended period of continued foreign capital inflows in line with improving
time, resulting in higher funding costs and volatility in global domestic economic prospects, as well as a low current
financial markets. Commodity price fluctuations are still a account deficit in 2024 ranging from 0.1% to 0.9% of GDP.
risk of uncertainty.
Indicator 2023 2024 State Budget
Economic Growth (%) 5.05 5.2
Inflation (%) 2.61 2.86
Interest Rate (%)* 6.00 6.7
Rupiah Exchange Rate (Rp/US$) 15,416 15,000
*Yield Goverment Bond 10 years
Source: BI and APBN 2023
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THE BANKING INDUSTRY IN 2024 THE BANK’S PLAN AND STRATEGY FOR 2024
The global banking industry is dealing with the risk of Facing future challenges, CIMB Niaga remains optimistic
higher and longer interest rates. Central banks in various and vigilant while implementing a number of strategies
countries are expected to keep interest rates higher for based on the macroeconomic developments mentioned
longer periods of time in anticipation of high inflation, above. CIMB Niaga is confident that by focusing on its
despite the fact that this move will slow their economies. strengths, it will be able to grow even more effectively in
the future.
Global banking and the Indonesian banking industry will
likely encounter a number of risks in 2024, including high CIMB Niaga, Indonesia’s second-largest national private
benchmark interest rates, geopolitical tensions, rising bank, will adapt to developments and dynamics in the
oil prices, a cost of living crisis, and global economic banking industry. The Bank will closely monitor future
fragmentation or divergence. The accumulation and economic projections in order to identify potential risks
combination of these crises weaken the economy, and mitigate them, including through more in-depth
affecting the financial sector, particularly the banking credit analysis.
industry.
As a long-term strategic priority, CIMB Niaga will
Future prospects for the domestic banking industry implement a variety of digital transformation programs
are estimated to remain favorable, which is supported across all business segments. CIMB Niaga will focus on
by the existence of Bank Indonesia Rupiah Securities increasing its retail customer base and CASA growth
(SRBI), which are traded on the secondary market. through digital capabilities, improving asset quality,
This effort is expected to increase banking flexibility non-interest income contributions, and digital banking
in managing liquidity and help maintain lending innovation with the latest technologies and a diverse
capacity. Bank Indonesia’s decision to maintain its BI- range of services for customers.
Rate at 6.00% until the end of 2023 aligns with its pro-
stability monetary policy focus. This includes stabilizing In terms of digital banking, CIMB Niaga will continue to
the Rupiah exchange rate as well as preemptive and present significant and attractive transformations to
forward-looking steps to keep inflation under control OCTO Mobile. This reinforces the Bank’s commitment to
within the target range of 2.5±1% in 2024. always putting customers first as part of the #YangUtama
campaign. In the future, OCTO Mobile will continue
Bank Indonesia predicts a 10%–12% increase in banking to lead the digitalization trend and offer a wide range
credit in 2024, followed by another 11%–13% increase in of banking services, including complete transactions,
2025. Sectors that are expected to drive credit growth in investment and loan options, and lifestyle support.
the future include the household sector, the trade sector,
and the processing industry. This credit growth is also
supported, among other things, by domestic economic
growth, which is estimated to increase by 5%.
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Business Sustainability Information
MATTERS WITH A POTENTIALLY SIGNIFICANT of Bank’s financial and sound ratios, which are in good
EFFECT ON BUSINESS SUSTAINABILITY condition and capable of supporting the Bank’s future
CIMB Niaga does not have any issues that could have business sustainability.
a significant impact on the Bank’s ability to continue
operating in the Indonesian banking industry. CIMB CIMB Niaga has always had full shareholder support,
Niaga remained vigilant for challenges in the banking and synergy between entities within the CIMB Group, as
industry in 2023, as well as other issues affecting the well as recognition of CIMB Niaga’s quality and credibility
Bank’s business growth. from rating agencies, is the basis for CIMB Niaga’s
business sustainability. CIMB Niaga’s infrastructure
CIMB Niaga is committed to continuing to grow by has also demonstrated its ability to support the Bank’s
providing more selective loans while maintaining asset business and ensure business sustainability in the
quality. CIMB Niaga is committed to implementing the banking industry.
prudential principle by improving loan approval policy
standards in order to achieve quality loan growth and Management’s basic confidence in the Bank’s future
actively monitoring loans that are deemed to be non- business growth is supported by a number of factors,
performing loans. including qualified human resources, adequate
business infrastructure, and existing business networks
MANAGEMENT’S ASSESSMENT OF POTENTIALLY and collaborations. CIMB Niaga is also committed to
SIGNIFICANT EFFECTS ON BUSINESS addressing any deficiencies that may exist in carrying out
SUSTAINABILITY business activities while maintaining financial conditions.
CIMB Niaga did not find any material uncertainty in 2023
that might cause significant concern for the Bank’s ability In the last three years, CIMB Niaga has contributed
to maintain business sustainability. The Bank conducts approximately 25% of profit before tax to the Parent
periodic evaluations in the preparation of strategic plans Company (CIMB Group Holdings Berhad) 25% in 2021,
to assess its ability to meet targets and maintain business 24% in 2022, and 27% in 2023. CIMB Group owns 92.5%
sustainability. of CIMB Niaga, which includes PT Commerce Kapital,
which owns 1.02%. Therefore, the Parent Company will
The Bank’s Board of Commissioners and Directors is continue to provide ongoing support for CIMB Niaga’s
actively involved in a variety of potential management business sustainability in the Indonesian banking
initiatives that will have a significant impact on the industry. As a result, Management is confident that the
Bank’s business sustainability. This can be seen in the Bank will continue to be able to face various challenges
preparation of consolidated financial reports based on and maximize existing opportunities.
the updated Sustainable Financial Accounting Standards,
as well as the implementation of the Bank’s Sustainable ASSUMPTIONS USED BY THE MANAGEMENT IN
Financial Action Plan (RAKB). ASSESSMENT
CIMB Niaga considers several assumptions used by
Looking at performance developments in 2023, management when assessing the Bank’s business
Management believes that the Bank’s business sustainability. The assumptions used in conducting business
sustainability will remain strong due to its banking sustainability assessments include financial performance,
industry experience and track record. This assessment of liquidity and solvency levels, significant engagements and
business sustainability is also based on the achievement agreements, and ongoing litigation cases.
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05 Risk
Management
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256 Risk Management Focus 2022
258 Risk Management Approach -
The Framework
264 ICAAP (Internal Capital
Adequacy Assessment Process)
266 Sharia Business Unit (SBU)
Risk Management
267 Risk Profile & Soundness
Rating of The Bank and
Consolidated
267 Integrated Risk Management
268 Basel Implementation
269 Recovery Plan Disclosure
271 Anti Fraud Management (AFM)
274 Basel II Pillar 3: Disclosure of
Capital, Risk Exposure, and
Implementation of Bank Risk
Management
278 Capital
290 Leverage Ratio
292 Credit Risk
333 Market Risk
340 Liquidity Risk
355 Operational Risk
360 Legal Risk
361 Reputational Risk
362 Strategic Risk
363 Compliance Risk
365 Intra-Group Transaction Risk
366 Rate of Return Risk
367 Investment Risk
367 Remuneration Policy
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Risk Management Focus 2023
The Bank implements several initiatives as its actual
manifestation of building risk culture and awareness
in each of its daily operational activities implemented
throughout the Bank’s organization.
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The risk management focus in 2023 is designed to 3. Capital Management
ensure the Bank’s readiness to manage risks in line a. Credit RWA optimization through system and data
with the Bank’s external (macro) and internal challenges improvement. Credit RWA by improving systems
and conditions, such as initiative strategies, in order and data.
to achieve sustainable business growth while still b. Bank’s infrastructure implementation in the
considering prudent principle. adoption of Basel related to:
• Calculation of credit risk RWA based on Basel
1. Asset Quality Improvement 3 Reform standardized approach effectively
a. Monitor and ensure that early warning reported from the end of January 2023.
indicators, asset quality ratios and Cost of • Calculation of minimum operational risk
Credit are in accordance with the budget and capital using the standardized approach as an
risk posture by utilizing data-driven advance Operational Risk Capital Saving effort.
analytics. • Market risk RWA calculations based on Basel
b. Continue a structured, tiered and sustainable 3 standardized approach, which will be
credit academy with a special curriculum implemented in 2024.
tailored to the Bank’s needs.
c. Perform comprehensive analysis of non- 4. Advance Analytics & Digitalization
performing loan management, loan loss a. Development of effective models & machine
coverage, and accelerated recovery of learning to support better risk management
problematic assets, such as an effective processes.
monitoring process for NPL in-flow, optimizing b. Development of data management by utilizing
recovery strategies, exploring new strategies advanced analytics/machine learning tools to
and standardizing the Loan Sale process. enrich and expand analytical and behavioral
data from trusted internal and external data.
2. Operational Excellence
The Bank is improving the implementation of 5. Climate Change Risks
its integrated operational risk management, by Climate risk management serves as one of the
performing the following: focuses/priorities that continue to be developed
a. Adopting sustainable risk culture program by the Bank. The following are several initiatives
EPICC (Enabling People, Passionate, Integrity carried out in 2023 related to climate risk, which have
and Accountability, Customer Centric, been prepared by considering regulations and best
Collaboration) as the DNA of all Bank employees practices:
in 2023. a. Expanding the duties and responsibilities of the
b. Strengthening data management and Board of Commissioners and Directors, including
information security framework and tools in social and environmental aspects set forth in the
anticipating risks, one of which is the risk of Risk Management Policy.
data and cyber breach, according to UU No. 27 b. Establishing Climate Risk unit under the Risk
of 2022 concerning Personal Data Protection, Management Directorate.
POJK No. 11/POJK.03/2022 concerning the c. Deepening the Bank’s understanding of the
Implementation of Information Technology transmission of climate risk scenarios (transitional
by Commercial Banks as well as current best & physical) on the performance of productive
practices. credit customers from various sectors and the
c. Reviewing the adequacy of third-party risk corresponding impact on financial risks.
management processes and controls by d. Developing Stress Test or Scenario Analysis
analyzing the adequacy of internal processes methodology to quantitatively identify and
set forth in governance policies and internal measure climate-related financial risks
procedures. (particularly credit risk), in line with the guidelines
d. Continuous improvement on the competency required by regulators.
of internal control functions in the first line of e. Improving employee competency and awareness
defense, particularly the Risk Control Unit (RCU) of the risks/impacts of climate change through
function in assisting business and support various trainings held.
units.
e. Sharpening Data Analytics function for a more More detailed explanations regarding the Bank’s strategy
forward looking operational risk management regarding sustainable financing, including climate change
assessment. risks, are available under Sustainability Report chapter.
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Risk Management Approach – Framework
The implementation of risk management in CIMB sustainable risk management process, and is supported
Niaga is conducted in alignment with Enterprise-Wide by adequate policies and procedures for all significant
Risk Management (EWRM) framework. This framework risk areas for the Bank. The Bank also prepares risk
provides the basis for proactive and forward-looking mitigation measures so that risk exposure aligns with the
risk management process to ensure the achievement predetermined risk appetite.
of healthy and sustainable business growth; to
maximize shareholder value; and to manage capital in The EWRM framework refers to and aligns with the scope
a comprehensive manner. Within the EWRM framework, of risk management established by the Financial Services
risks are managed in an integrated manner by aligning Authority (OJK) which includes (i) Active supervision by
risk appetite with business strategy. the Board of Commissioners and Directors (including
Sharia Supervisory Board); (ii) Adequacy of policies,
The main objective of implementing EWRM is to ensure procedures and limit; (iii) Adequacy of risk identification,
that the Bank can achieve its targets and business plans measurement, monitoring and control processes as
while still considering prudent principle, maintaining well as risk management information systems; and (iv)
good financial performance, and complying with Comprehensive internal control system.
applicable regulations and the franchise/brand value
owned by CIMB Niaga. ERM design includes complementary “top down strategic”
and “bottom up tactical” risk management approaches.
The realization of a strong risk culture serves as the The main components in the EWRM framework are
foundation of the control mechanisms in the EWRM depicted in the following diagram:
framework. In addition, EWRM also includes effective and
Enterprise Wide Risk Management (EWRM) Framework
Governance & Organization
Risk Appetite
Risk Management Process
Risk Culture
Risk
Business Risk Identification Risk Monitoring &
Management
Planning & Assessment Measurement Reporting
& Control
Policies, Methodologies, &
Human Resources Technology & Data
Procedures
Risk Management Infrastructure
1. RISK CULTURE
The Bank is aware that strong risk management culture serves as the main foundation to achieve effective risk
management objectives. Risk management culture conveys employee awareness, attitudes and behavior towards
risk and risk management at the Bank.
Several important elements that establish good risk management culture applicable at CIMB Niaga are as follows:
1. Demonstrate exemplary Leadership and Strategy based on ethics and values and communicating the
Bank’s mission and objective in a synergistic and sustainable manner.
2. People and Communication which focuses on improving competence through equal information and
knowledge sharing.
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3. Accountability and Reinforcement, segregation 3. Provide periodic training and activities to
of duties accompanied by appropriate improve risk culture and fraud awareness,
performance measurements including rewards including Anti-Fraud Socialization and
for good performance. Operational Awareness Training.
4. Risk Management and Infrastructure, to build 4. Consistent communication on the importance
an effective risk management process and of risk management throughout the Bank’s
control to support the Bank’s strategy. lines of defense.
5. Establish a standardized structured approach
The Bank has conducted several initiatives as the by documenting work procedures as a
actual embodiment of establishing risk culture reference for day-to-day work and decision-
and awareness in its daily operational activities making process.
implemented at all level of the Bank’s organization,
including: To strengthen risk culture, the Bank’s risk
1. Establish Tone from the Top which is a shared management implementation embedded to the
commitment from all senior management of three lines of defense philosophy, whereby the
the Bank to develop risk-aware organizational risk is managed from the point of risk activities to
culture to enable the Bank to manage such ensure clear accountability over risks throughout the
risks in accordance with the Bank’s strategy. organization and the Risk Management Unit (SKMR)
2. Educate all employees within each organization. as the business unit enabler.
The success of the educational process will
be reflected in risk management based Key The risk management process at CIMB Niaga involves
Performance Indicator (KPI), whereby the all levels in the organization starting from the Board
Bank will consider risk related behavior during of Directors, Senior Management to all employees
the performance and compensation process. at the Bank in accordance with the three lines of
defense concept.
1st Line of Defense Risk Taking Units (supported by RCU)
• Line Management, from the Business Unit or Supporting Unit, which will be
exposed to risks in their daily activities, and as such, these units are suitably
positioned to manage risks and ensure compliance with regulations, standards,
policies and procedures.
• Its function include the risk identification, measurement, monitoring, controlling
and reporting, as well as in taking the necessary steps to mitigate risks and
ensure effective controls are in place.
• Each Directorate has a Risk Control Unit (RCU) in charge of coordinating and
monitoring risk management and compliance aspects in accordance with the
scope of each RCU Head’s Work Unit.
2nd Line of Defense Risk Management Framework and Controlling
• The Risk Management, Compliance, Anti Fraud Management, and Anti Money
Laundering that establish standards and policies to manage risk.
• This line of defense also responsible for reviewing and monitoring function
on risk implementation of first line of defense through review, challenge and
feedback, including advisory function on risks and control adequacy.
3rd Line of Defense Risk Assurance
• An independent function of Corporate Assurance in ensuring effectiveness
of risk management framework’s implementation and effectiveness of risk
management by providing regular reports to the Board of Directors.
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2. GOVERNANCE
The Bank establishes its organizational structure in for implementing the overall risk management
accordance with its business objectives and policies, framework. This committee is chaired by the
size and complexity and risks inherent to the Bank, in President Director and consists of the entire Board of
order to support the implementation of effective risk Directors and several senior executives. RMC reports
management. The corporate governance structure directly to the Board of Directors and indirectly to the
must function to improve the four-eyes principle Board of Commissioners through the Risk Oversight
mechanism and transparency within the entire risk Committee (KIPER).
management process, to ensure the consistency
of EWRM implementation is conducted properly. In addition to RMC, other executive committees
The Board of Directors is responsible for the Bank’s related to risk management which perform more in-
risk management activities, determines strategic depth discussion regarding risks are Asset Liability
direction, supported by risk appetite, relevant risk Committee (ALCO) which manages liquidity and
management frameworks as well as Policies and interest rate risks in the banking book, Operational
Procedures. Risk Committee (ORC) which performs operational
risk management and Credit Policy Committee (CPC)
The Board of Directors is assisted by risk committees which discusses policies related to credit.
and control functions in order to ensure the
effectiveness of EWRM framework implementation.
The risk management process is evaluated by the Risk
Management Committee (RMC) which responsible
Board of
Directors
Commissioners
Komite Eksekutif:
Audit Committee
RMC ALCO ITSC CPC Risk Monitoring
Committee
Komite Khusus:
Nomination and
Remuneration
Committee
ORC ECC NPLCC AQC CXC Integrated
Governance
Committee
Executive Committee: Special Committee:
RMC : Risk Management Committee ORC : Operational Risk Committee
ALCO : Assets and Liabilities Committee ECC : Excecutive Credit Committee
ITSC : IT Steering Committee NPLCC : NPL Credit Committee
CPC : Credit Policy Committee AQC : Asset Quality Committee
CXC : Customer Experience Committee
3. RISK APPETITE
Risk Appetite serves as one of the main components of EWRM which is defined as the type and total numbers of
risks acceptable by Bank management in order to achieve its strategic and business objectives. Risk appetite is
dynamic and in alignment with changes in the Bank’s business priorities, risk management capabilities and external
conditions.
Risk appetite is prepared in line with the Bank’s annual planning process to ensure its alignment to the strategy,
business growth aspirations, capital and liquidity position, operational plans and risk management capabilities and
strengths which include systems, processes and human resources.
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There are 4 (four) dimensions of Bank’s Risk Appetite Statement (RAS) measurement namely Solvency and capital;
earning diversification and volatility; Liquidity; and Franchise. This is intended to ensure that the Bank maximizes its
long-term performance and ensures asset integrity, earnings quality, and protection of the Bank’s franchise value.
In each dimension, risk limits are determined as specific limits that take into account the aspects of capital, asset
quality, liquidity, financing capacity and regulatory requirements.
RAS consists of metrics/indicators and Red Amber Green (RAG) threshold which reviewed periodically at least on
annual basis. During RAS reporting process that is performed on a monthly basis submitted to the Board of Directors
and Board of Commissioners, the status of each indicator is highlighted to management in accordance with the pre-
determined RAG, thus, if necessary, management is expected to take corrective actions in a timely manner.
4. RISK MANAGEMENT PROCESS
Risk management process is a part of daily activities to ensure that risks can be considered, evaluated and addressed
in a timely and appropriate manner. Through this process, the risks inherent in the Bank’s activities can be properly
managed to provide maximum sustainable added values to all Bank activities. The risk management process at
CIMB Niaga include the following on a sequential manner:
Risk is one of the major items to consider in the business planning process, including establishing risk posture
Business and planning new products and activities. This is performed to help ensure that the Bank operates in line with
Planning the risk appetite set by the Board of Directors.
• Risks need to be clearly defined, proactively identified and assessed continuously on a forward-looking
basis.
• The risk identification process is carried out by analyzing the risk characteristics of each product and
Risk business activity within the Bank.
• Risk identification is carried out by considering its impact on financial and non-financial aspects, such as
Identification reputation and compliance with regulatory requirements.
and • In accordance with OJK regulations regarding risk profiles, the major risks managed by the Bank include
Assessment 11 (eleven) types of risks, namely credit, market (including interest rates in the banking book), liquidity,
operational, strategic, compliance, legal, reputation, intragroup transaction, rate of return and , investment.
• In addition to the types of risks in accordance with OJK regulations, the Bank also identifies/monitors other
risks such as sustainability risk and Sharia Non-Compliance (SNC) risk.
• Risk measurement is conducted by, among others, determining risk/scoring, sensitivity analysis, stress
testing and calculating capital requirements by adopting a methodology that refers to best practice and
Risk guidelines set by the regulator.
• The Bank periodically reviews the appropriateness of its assumptions, data sources and procedures
Measurement performed to measure risks.
• The Bank also makes improvements to the risk measurement system should there be any material changes
in business activities, products, transactions and risk factors.
• Controls and limits are utilized to manage risk exposure to remain within predetermined risk appetite
limits.
• Controls and limits are monitored and reviewed periodically to adapt to business needs, market conditions
Risk and regulatory changes.
Management • Corrective actions are taken to mitigate such risks. Factors to consider in determining risk mitigation
and Control options include benefits and costs, values and perceptions of all stakeholders as well as evaluation whether
the selected risk mitigation is potentially creating new risks.
• The Bank adopts an internal control system as part of its supervisory mechanism. This internal control
system is evaluated and assessed by the Internal Audit Unit (SKAI) and/or other external parties.
• Delivered timely, accurately and in an easy-to-understand method to ensure that risk exposure, both
portfolio and individual, aligns with the Bank’s risk appetite.
• The output can be utilized as materials for analyzing subsequent risk management strategies.
Monitoring • The process is supported by an adequate reporting system, at least including reports or information
and Reporting regarding the following matters:
a. Overall risk exposure, including exposure per type of risk and per type of activity.
b. Compliance with policies and procedures and setting limits.
c. The results of risk management implementation are compared to the goals and targets established.
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The risk management process is carried out by Risk Management Work Unit (SKMR) which is independent from the
business unit. SKMR is responsible for developing comprehensive risk management process to identify, measure,
monitor and control risks, submit reports on risk levels and build an internal control system.
Director of Risk
Management
Secretary
Head of Market
Head of Non-Retail Head of Non-Retail Head of Head of Risk Head of Retail Head of Asset
Risk Management
Credit Risk Credit Policy and Operational Analytic Credit Liability
& Model Validation
Management Assurance Testing Risk Management & Infrastructure Risk Management Management Risk
Head
The Risk Management Business Unit (SKMR) is reporting to Risk Management Director. SKMR’s organizational
structure consists of several Centers of Excellence (CoE), which represent teams with certain risk specializations that
are responsible for ensuring and supervising the implementation of risk management in various business lines and
activities within the Bank. CoE tasks are mainly divided into 2 major categories as follows:
Facilitation CoE Engagement CoE
The main duties of Facilitation CoE are among others The main duty of Engagement CoE is being the partner of
preparing framework, validating model and building and connecting with business unit, to support business
the tools of risk management and implementing the unit manage risks effectively as the first lines of defense.
infrastructure which supports risk assessment and
monitoring.
SKMR also performs the function of coordinating and socializing all risk management processes in the Bank and in
member companies within the financial conglomerate.
SKMR organizational structure clearly separates the control and implementation functions from the units that
perform policy formulation and risk monitoring functions.
5. RISK MANAGEMENT INFRASTRUCTURE
Adequate risk management infrastructure is critical for the effective implementation of EWRM. Risk management
infrastructure must be capable of supporting the risk management process which consists of 3 (three) components,
namely Policy, Methodology and Procedures, Human Resources (HR) and Management Information System (SIM).
5.1 POLICIES, PROCEDURES AND METHODOLOGY
CIMB Niaga ensures the adequacy of policies, procedures and methodologies as the basis for shared perspective
among all organizational units, including standardized risk definitions and the same risk language. Adequate risk
management policy according to the type of risk serves as the basis for the Bank to manage its risks. Methodology
provides specific direction that supports policy implementation. Procedures provide more detailed guidance to
assist with policy implementation in daily risk-taking activities.
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The structure of the Bank’s Internal Provisions can be described in the following taxonomy:
Taxonomy of Internal Bank Provisions
Set out the Company’s identity, Corporate Governance structure, manual framework,
risk management, business planning and strategy, sharia business unit, sustainability
Level 1 Key and sustainable finance, as well as social and environmental responsibility, including
Company the Board of Commissioners Charter, Sharia Supervisory Board Charter, Board of
Policies * Directors Charter and Board of Commissioners Committees Charter which form
part of the Company’s Core Policies.
Level 2 Product and Activity Set acceptance criteria, limits, and principles, do’s and don’ts related to
Policy products & activities and delegation of authority.
Organize the implementation and work steps (from start
Level 3 Standard Procedure (SOP) to finish) in detail to carry out certain products and/or
activities, control mechanisms, responsible persons,
and agreed service standards.
A written guideline that explains and describes
objectively in full detail a specific product/
Level 4 Operational Instructions activity; can be a consolidation of approved
Policies or SOPs into a single document to
facilitate the implementation of an activity.
*
Includes Risk Management Policy and Framework Manual Policy.
5.2 6.2 HUMAN RESOURCES (HR) • In conjuction with the 4.0 revolution, the Bank
EWRM framework can be well functioning when has provided training related to data and
supported by human resources possessing the digitalization.
right capabilities and expertise. The Bank develops • The learning process at the Bank is conducted
a system of recruitment, development and in a fun way through gamification quizzes
training, as well as remuneration that encourages (Learning on the Go) which are mandatory for
employees to manage risks well. The assignment all CIMB Niaga employees.
of duties and responsibilities is accompanied
by good performance measurement and The Bank provides job rotation opportunities
compensation, tailored to the strategic plan and to employees, which aims to enrich employee
risk appetite. exposure to assignments and to broaden
employee knowledge in other fields/areas.
CIMB Niaga adopts clear HR qualifications for
each level related to the implementation of risk The Bank also performs risk-based performance
management and assigns competent officials and measurements which aim to ensure that the
staff in the Risk Management Unit in accordance performance measurement process can be
with the size and complexity of the Bank’s carried out in a comprehensive/integrated
business. manner by connecting/considering aspects of
strategic planning, risk and capital management
CIMB Niaga provides opportunities for employees
to improve their knowledge regarding risk 5.3 TECHNOLOGY AND DATA
management in various ways, including: Technology and data play an important role for
• Internal and external training (including the Bank as the tools to assist the process of
mandatory training required by regulators) making proper and accountable decisions in
that corresponds to their respective business order to manage risk effectively and efficiently.
field/area. Technology and data are part of a management
• Employees are encouraged to regularly information system that must be owned and
perform BLS (Business Learning Session), continuously developed in accordance with the
whereby employees who have just attended business needs of the Bank and its stakeholders.
training will carry out sharing sessions with
their colleagues.
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CIMB Niaga adopts risk management information Risk management process at CIMB Niaga is
system that can ensure the following: supported by comprehensive information system
1. Measurement of risk exposure in an accurate, so as to enable the preparation of reports that
informative and timely manner, both overall/ will be used in continuous risk monitoring, in
composite risk exposure and exposure per order to detect and correct deviations from
type of risk inherent in the Bank’s business policies and procedures in a more rapid manner
activities, as well as risk exposure per type of for the purpose of reducing the occurrence of
Bank’s functional activities; potential risk events, as well as supporting the
2. Compliance with the implementation of risk decision making process. A number of major risk
management regarding policies, procedures management supporting systems include Credit
and determination of risk limits; Risk Decision Engine (CRDE), Internal Credit Rating
3. Availability of risk management System (ICRES), Credit Limit System (CLS), ALM
implementation results (realization) Risk Management System (ALMIRA) and Market
compared to targets established by the Risk Weighted Asset System (M@ RS). The system
Bank in accordance with risk management is built to support the Bank in implementing risk
implementation policies and strategies. management processes in accordance with best
practice.
ICAAP (Internal Capital Adequacy
Assessment Process)
In accordance with POJK No. 34/POJK.03/2016 The implementation of ICAAP in the Bank demonstrates
concerning Minimum Capital Adequacy Requirement strong link between strategy decision, capital adequacy
for Commercial Banks, Banks are required to maintain assessment and risk levels. Such implementation can
process to ensure that capital adequacy levels comply assist the Bank to ensure the achievement of financial
with their profile risk, and also strategy decision to targets and the optimization of shareholder value. The
maintain its capital adequacy known as ICAAP (Internal implementation of ICAAP also takes into account the
Capital Adequacy Assessment Process). Such process connection between the Bank’s strategic focus, business
involves dialogue with Bank supervising agency to plans and macroeconomic conditions.
arrive at similar perceptions regarding the Bank’s
capital adequacy. The implementation of ICAAP at CIMB ICAAP is mutually performed by both SKMR and the
Niaga is carried out based on best practices, regulatory Directorate of Finance.
provisions and internal policies in order to assess,
meet, monitor and maintain capital adequacy level in
accordance with the risk profile.
The ICAAP process at the Bank is described as follows:
1 Strategy 2 Risk Posture
Capital
6 Management & 3 Annual Budget
Planning
5 Stress Test 4 Risk Appetite
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As part of strategy implementation, the Board of Bank capital is measured and monitored regularly to
Commissioners determines risk posture as a direction for ensure that the Bank’s capital level is at an adequate level,
business units regarding the acceptable risk level, taking both to meet minimum requirements from regulators
into account the Bank’s external and internal conditions and to support risk-taking activities in daily business
and also capabilities and limitations. Risk posture serves processes, taking into account the Bank’s growth plan and
as a qualitative direction at the beginning of the annual business expansion and also capital buffers to anticipate
planning process regarding the level or risk posture that unexpected losses. Calculation of capital adequacy based
will be taken by business unit in the coming years. In line on risk profile refers to the regulatory requirements.
with ERM framework, whereby risk becomes the matter
mainly considered during business planning process, risk The measures taken by CIMB Niaga to monitor its capital
posture serves as a process that connects the acceptable adequacy is as follows:
risk level with the implementation of strategic decision • Determine capital triggers ratio or minimum limit
that is reflected in the preparation of the annual budget. of KPMM ratio whereby Bank commences capital
contingency plan.
Next, CIMB Niaga will establish Risk Appetite formulated • Establish annual internal capital targets that take into
in accordance with the pre-approved strategy. Risk account minimum capital requirements and business
Appetite is monitored in a periodic manner by utilizing growth plans, corporate action, significant events, and
the Red Amber Green (RAG) indicator whose function is capital reserves to ensure the Bank’s capital is within
to provide early warning on the Bank’s strategy execution. the safe and optimal level.
• Conduct capital projections and comparisons against
CIMB Niaga conducted stress test on its budget to measure actual capital within a short, medium, and long-term
and evaluate capital adequacy level, liquidity, and ability to regularly so as to enable comprehensive capital
absorb losses on extreme but plausible crisis event. The monitoring process and well-prepared capital strategy
scope of stress testing implementation covers the major planning.
types of risk, namely credit risk (including wholesale and
retail segments), market risk (which includes interest rate Furthermore, CIMB Niaga has also implemented
and exchange rate risk), and liquidity risk. risk-based performance assessment (RAROC) during
performance evaluation, whereby the profitability of
The results of capital-related stress testing will be used by each business unit is measured by considering the risks
the Bank, among other things, to determine capital reserves taken and the amount of capital utilized. The Bank will
in stressful situations in the annual Capital Planning process continue to refine the methodology adopted for risk-
and preparation of Capital Contingency Plan. based performance assessment and its utilization as
well.
In relation to liquidity risk, stress testing can be used to
assess the adequacy of liquidity and current liquid asset
reserves as well as preventive and corrective measures to
be taken which are set forth in Contingency Funding Plan.
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Sharia Business Unit (UUS)
Risk Management
Sharia Business Unit (UUS) is run by implementing is responsible for approving compliance with Sharia
the Dual Banking Leverage Model (DBLM) concept, principles for policies, procedures, systems, products,
including in terms of risk management. The Bank and contracts. Additionally, it conducts supervision
builds risk management infrastructure and implements through sampling of Sharia banking transactions.
its governance in line with the DBLM concept and
in accordance with applicable Sharia principles. In To ensure compliance with Sharia principles, the
accordance with DBLM principle, Risk Management DPS is aided by organizational tools to execute its
Unit (SKMR) is also responsible for Sharia Business Unit operational functions effectively. One such tool is the
(UUS). Risk management policy for UUS is prepared as Sharia Advisory Group, whose primary responsibility is
a part of the Bank’s risk management policy. Whereas to furnish the DPS with insights regarding adherence
Sharia risk management procedures are prepared to Sharia principles in policies, procedures, products,
based on business needs and the complexity level of systems, and contracts.
UUS operational activities.
Monitoring through sampling of Sharia banking
Based on Financial Services Authority Regulation No.65/ transactions is conducted by Sharia Risk Control Unit
POJK.03/2016 dated 23 December 2016 concerning (Sharia RCU), whose main duty is assisting DPS to
Risk Management Implementation for Sharia Bank perform Sharia compliance review on transactions
And Sharia Business Unit, risk identification and and product implementation as well as preparing DPS
measurement process is performed by adopting Monitoring Results Reports to regulators.
methodology appropriate for of sharia banking concept
including Sharia Business Unit (UUS) risk profile The Sharia RCU is tasked with ensuring that all UUS
measurements which are conducted periodically and activities adhere to relevant provisions and effectively
submitted to the Financial Services Authority (OJK), and manage operational risks. To cultivate a culture of
covers 10 types of risk, namely credit risk, market risk, risk awareness and compliance within UUS, active
liquidity risk, operational risk, legal risk, strategic risk, coordination has been established with the Compliance
reputation risk and compliance risk, including specific Directorate, Risk Management Directorate, Anti-Fraud
risks prevalent in Sharia banking such as return risk and Management Unit, other units handling Policies and
investment risk. Procedures, and other RCU units. In 2023, the Sharia
RCU updated guidelines for sharia non-compliance
Continuous monitoring and evaluation process over the risk incidents, aimed at enhancing employees’
Bank’s business processes is being carried out, among understanding of such risks. This culture is further
others, by Risk Management Committee, whereby the promoted through socialization and training sessions
Director in charge of Sharia unit is also a member of the focusing on sustainable Sharia banking principles.
RMC. The results of risk monitoring are also reported to
the Board of Commissioners through Risk Monitoring In order to implement risk management at UUS, SKMR
Committee (KIPER) and Sharia Supervisory Board (DPS). also presents UUS risk profile during regular DPS
In terms of risk management related to compliance meetings.
with Sharia principles, the Sharia Business Unit has
set up a Sharia Supervisory Board (DPS). This board
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Risk Profile and Soundess at Bank Level and
Consolidated Level
The Bank performs its own assessment of individual undertake appropriate actions, including at the level of
and consolidated risk profiles referring to POJK No. 18/ Subsidiary Companies based on their business activities.
POJK.03/2016 concerning the Implementation of Risk The risk profiles of CIMB Niaga and its subsidiaries
Management for Commercial Banks and OJK Regulation are derived from the self-assessment results of 2023,
no. 38/POJK.03/2017 concerning the Implementation of indicating a level 2 rating (Low to Moderate).
Consolidated Risk Management for Banks that Exercise
Control over Subsidiary Companies. This risk profile In line with POJK no. 4/POJK.03/2016 concerning
assessment process includes main risks such as credit/ Assessment of the Soundness Level of Commercial
financing risk, market risk, liquidity risk, operational risk, Banks, CIMB Niaga also carries out an assessment of the
and legal risk, reputation risk, strategic risk, compliance Bank’s Soundness Level which includes 4 factors, namely
risk and sharia-specific risks, namely return risk and risk profile, Good Corporate Governance (GCG), Earnings,
investment risk. and Capital. The assessment of the Bank’s Soundness
Level (individually and consolidated) based on the results
In assessing the risk profile, the Bank utilizes indicators of the 2023 self-assessment is at a composite rating of 2
that encompass both historical data and forward-looking (Healthy). This reflects the general soundness of the Bank
considerations, taking into account the Bank’s business as it is considered capable of encountering significant
strategy and macroeconomic conditions. This approach negative influences due to changes in business conditions
enables the Bank to manage risks comprehensively and and other external factors.
Integrated Risk Management
CIMB Niaga is the Main Entity (EU) of the CIMB Indonesia In an integrated manner, CIMB Indonesia’s KK carries
Financial Conglomeration (KK) which carries out its out self-assessment of 9 (nine) types of risk, namely
functions in accordance with POJK No. 17/POJK.03/2014 credit risk, market risk, liquidity risk, operational risk,
concerning Implementation of Integrated Risk strategic risk, reputation risk, legal risk, compliance risk
Management for Financial Conglomerates. The EU plays and intragroup transaction risk through the Integrated
the role of a coordinator which assesses the management Risk Profile report conducted twice a year. The results
processes of its Financial Services Institution (LJK) of the assessment are presented as a rating derived
members within the KK group by considering the from aggregating the assessments from each entity.
business characteristics of each LJK. CIMB Indonesia KK maintains a web-based application
called CIMB Integrated Reporting System (CIRS) which is
The Bank upholds an Integrated Risk Management connected among LJKs and is utilized to submit working
Procedure as a standardized reference for implementing papers data supporting risk profile assessments. Under
risk management risk management within the KK this system, it is expected that manual processes and
which governs the principles to be adhered to during potential human errors can be minimized, thereby
the integrated risk reporting process flow, delegation enhancing the accuracy of data and information, as well
of authority, limit setting, and monitoring of risk as the timeliness of the reporting process.
exposure in the context of implementing integrated
risk management. Moreover, the implementation of the The KK of CIMB Indonesia established an Integrated
integrated risk management process includes activities Risk Management Committee (KMRT) as a forum to
such as mentoring and aligning risk management discuss matters related to risk management in each KK
practices in terms of risk governance, refining risk member entity, enabling an effective and comprehensive
management policies and procedures, improving risk integrated risk management process. The process of
management reporting, and fostering a culture of risk monitoring and evaluating the risk exposure of each LJK
awareness.
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is also carried out through KMRT and reported to the EU, conveys the main focus on the risk exposure of KK
through the Risk Management Committee (RMC) at the members to improve the risk management process in
Main Entity. KMRT consists of a Director who oversees the the future.
risk management function of each member entity in the
conglomerate and an EU risk management officer who CIMB Indonesia’s KK structure in 2023 remains unchanged
specializes in certain risk disciplines. In this monitoring compared to prior year as seen in the Governance section
and evaluation process, the Committee discusses and of this Annual Report.
Basel Implementation
CIMB Niaga is committed to adopting best risk management In addition to BASEL III Capital, the Bank has also
practices such as Basel standards to strengthen its risk implemented Basel III Liquidity, which adheres to
management function fundamentally and sustainably. The the provisions outlined in POJK No. 42/POJK.03/2015
Bank’s comprehensive and integrated risk management concerning compliance with Liquidity Coverage
is developed on an ongoing basis and is not limited to the Ratio (LCR) requirement, POJK No. 50/POJK.03/2017
main initiatives as follows: concerning compliance with Net Stable Funding Ratio
1. Development and refinement of credit risk models in (NSFR) requirement and also management of interest
accordance with Basel II and III requirements for rating/ rate risk in the banking book which refers to SEOJK
scoring credit which includes Corporate, Specialized No.12/SEOJK.03/2018 concerning Implementation of Risk
Lending, Credit Card, Mortgages, Personal Loan, Auto Management and Risk Assessment Standard Approach
Loan, and SME Retail asset groups. to Risk Interest Rates in the Banking Book for Commercial
2. Development of Infrastructure functions System CRIPAS Banks. To meet these requirements, the Bank has adopted
RWA (Credit Risk System Parameters Risk Weighted ALMIRA system so as to generate accurate and prompt
Assets) intended for: reports and calculations, providing comprehensive and
a. Implementation of the Internal Credit Model detailed information for Bank analysis across individual,
b. Credit risk data integration from upstream to subsidiary, and consolidated portfolios. This system has
downstream (end to end) been adopted since 2016 for liquidity risk and since 2019
c. Centralized Credit Risk Repository for interest rate risk.
d. RWA calculation according to the Internal Rating
Based (IRB) approach Implementation of Basel and related OJK regulations
is supported by governance, infrastructure systems,
Aligned with Basel framework and implementation and best methodological practices which gradually and
guidelines issued by the Financial Services Authority consistently create good risk culture which is important
(OJK), CIMB Niaga has established infrastructure to for business sustainability.
ensure regulatory reporting compliance, particularly
regarding changes to RWA standards for credit risk,
market risk, and operational risk under Basel III Capital
Standards (Reform) approach, including supports for
the implementation of the Fundamental Review of the
Trading Book (FRTB). This reporting system has been
integrated with the monthly reporting of commercial
banks in One Reporting (ANTASENA) and reporting via
OJK Online Reporting (APOLO).
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Disclosure of Recovery Plan
1. Objectives of Recovery Plan 2. Recovery Plan Framework
CIMB Niaga has compiled Recovery Plan which aims a. Comprehensive Business Review
to achieve and maintain bank stability in the financial Comprehensive Business Review is conducted
system in line with the mission of the Government of the by identifying business lines owned by the Bank.
Republic of Indonesia to prevent and manage financial The internal assessment process is carried out
system crises (Law of the Republic of Indonesia Number in order to determine business lines that are
9 of 2016) and in order to support national economy. considered core and non-core as well as critical
and non-critical.
The Recovery Plan represents CIMB Niaga
commitment to: CIMB Niaga carries out an internal assessment
a. Attain robust financial system stability amid the to determine business lines that are considered
risk of financial crises stemming from diverse critical and non-critical with the aim of identifying
financial conditions. the role of each business line in the banking
b. Prevent and manage challenges faced by industry so as to enable the Bank to determine
Systemically Important Banks. The Bank has which business lines to maintain during financial
implemented measures to address financial stress.
stress that could potentially jeopardize business
sustainability. b. Assessment of Financial and Operational
Interdependencies
The Recovery Plan preparation has been tailored to CIMB Niaga conducts an assessment of financial
the Bank’s conditions and refers to Financial Services and operational interdependence with parent
Authority Regulation No. 14/POJK.03/2017 concerning companies, affiliated companies, and subsidiary
Recovery Plan for Systemic Banks by including the companies, along with critical systems, to evaluate
following: the potential impact of financial pressure on these
a. Comprehensive review of critical business lines interconnections.
and functions.
b. Assess the Bank’s financial and operational c. Reverse Stress and Stress Testing
interdependence with the parent company, CIMB Niaga conducts reverse stress testing to identify
affiliated companies and subsidiary companies, stress scenarios/financial stress, either due to market-
and critical systems essential for business wide or idiosyncratic factors, that can lead to non-
operations. viable condition. Market-wide financial stress scenario
c. Identify potential financial pressure scenarios, encompass pressures arising from macroeconomic
including both market-wide and idiosyncratic factors affecting the market and other participants,
pressures. whereas idiosyncratic scenarios involve pressures
d. Stress testing to identify possible scenarios stemming form specific events unique to CIMB Niaga.
potentially leading to non-viable condition.
e. Establish financial indicators to determine d. Determination of Recovery Plan Indicators
when to activate the Recovery Plan. To ascertain the activation of the Recovery
f. Define recovery actions to be executed in Plan, CIMB Niaga has established financial ratio
managing the financial crisis as outlined in indicators. These indicators are categorized into
recovery options. four classifications: Capital, Liquidity, Profitability,
g. Establish a framework and governance and Asset Quality.
structure for managing the Recovery Plan,
encompassing maintenance, execution, e. Recovery Options
updates, and communication of the plan. CIMB Niaga has established recovery options to
sustain the sustainability of the Bank’s business
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during periods of financial stress. These recovery g. Communication
options will be executed when the Action The communication process for the Recovery Plan
Plan indicators are exceeded, with preventive aligns with the Communication and Disclosure
measures already implemented beforehand. The Plan already in place at the Bank. CIMB Niaga has
predetermined recovery options are tailored to established Crisis Communication Management
the Bank’s circumstances and chosen based on Team (CCMT), tasked with managing internal and
the credibility and feasibility of each option. external communication with various stakeholders
during the recovery phase. Within this process,
f. Governance the CCMT selects communication strategies and
CIMB Niaga has established governance for the oversees the flow of communication.
Recovery Plan, wherein the Board of Directors
oversees ad activates the plan during the 3. Recovery Plan Governance
recovery period. Supported by committees such The RMC receives monthly monitoring reports on Action
as the Crisis Management Committee (CMC) and Plan indicators covering four (4) aspects, namely Capital,
Funding Crisis Management Team (FCMT), along Liquidity, Profitability, and Asset Quality. Oversight of the
with other relevant units. Monthly monitoring of Recovery Plan involves both the Board of Directors and
Action Plan indicators is conducted and reported the Board of Commissioners. If significant operational
to the Risk Management Committee (RMC). or liquidity issues arise, the Board of Directors receives
The framework and governance structure of reports from CMC (Crisis Management Committee) and
the Recovery Plan are thoroughly documented, FCMT (Funding Crisis Management Team), which are
encompassing the activation steps and internal then submitted to the Board of Commissioners.
and external communication processes during
the recovery phase. Regular updating of documents, with involvement from
senior management, ensures alignment with the Bank’s
evolving business conditions.
Action Plan Indicator Reporting Governance
Board of
Commissioners
Directors
Crisis Management Funding Crisis Management
Committee (Operational) Team (Liquidity)
Various Business &
Support Units
Monitoring and Reporting of Monthly Action Plan Indicators
Risk Management
Committee
Capital Liquidity Rentability Asset Quality
4. Submission of Recovery Plan
CIMB Niaga has submitted an updated Recovery Plan to Financial Services Authority in 2023 in order to comply with
Financial Services Authority Regulation No. 14/POJK.03/2017 concerning Recovery Plan for Systemic Banks.
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AFM (Anti Fraud Management)
In accordance with Financial Services Authority Regulation well as violations of the CIMB Niaga Code of Conduct and
(POJK) No.039/POJK.03/2019, regarding Implementation Personnel Behavior.
of Anti-Fraud Strategy for Commercial Banks, CIMB Niaga
has established a dedicated Anti Fraud Management To uphold good governance standards, CIMB Niaga also
unit (AFM) to effectively implement anti-fraud strategies dispatches letters of confirmation to business partners
across the bank. As a basis for implementing its functions, regarding the implementation of anti-fraud, bribery and
CIMB Niaga has issued an anti-fraud policy as part of its corruption, the Bank’s commitment to a culture of integrity,
internal control system, aiming to foster a culture of and a mechanism for reporting violations through whistle
compliance and enhance awareness of potential fraud blowing channels. Additionally, on holidays and specific
risks and their consequences. The implementation scope occasions, the Bank sends out Anti-Gratification Letters
of the Anti-Fraud Strategy at CIMB Niaga, encompasses to all business partners in the form of Notification/Advice
not only compliance with POJK No. 39/POJK.03/2019, but regarding the Prohibition of Gratification. This proactive
also considers fraud categories outlined in the Fraud approach aims to mitigate fraud, bribery, and corruption
Tree by the Association of Certified Fraud Examiners risks, ensuring assurance and fostering trust with business
(ACFE), which includes acts of bribery and corruption partners.
within the definition of fraud.
ZERO TOLERANCE TO FRAUD
CIMB Niaga mandates that members of the Board of In its anti-fraud management program, CIMB Niaga
Commissioners, Sharia Supervisory Board, Directors, maintains a steadfast commitment to zero tolerance
and all employees uphold honesty, professionalism, for fraud, which dictates that any individual engaging
and integrity without exception. They are expected to in fraudulent activities at CIMB Niaga will face severe
proactively protect and safeguard the Bank’s assets, consequences, including criminal changes, without
customers, and other stakeholders in compliance with exception. Embracing the zero-tolerance approach to
internal and external regulations. fraud is integral to cultivating a culture of integrity within
the organization, or integrity business culture since this
As part of rigorous oversight by the Board of Directors serves as a vital foundation for safeguarding the Bank’s
and Board of Commissioners on fraud prevention, CIMB assets, customers, and other stakeholders, while also
Niaga mandates the annual signing and implementation promoting sustainable growth.
of an integrity pact by all levels within the organization,
including members of the Board of Commissioners, ANTI FRAUD STRATEGY
Sharia Supervisory Board, Directors, and all CIMB Niaga CIMB Niaga’s anti-fraud strategy is implemented in
employees, including outsourced staff. The integrity pact the form of a fraud control system in accordance with
underscores a commitment to uphold integrity at all times POJK No. 039/POJK.03/2019 which consists of 4 (four)
and reject all types of fraud, bribery and corruption, as interrelated anti-fraud strategy pillars, namely:
Prevention Detection Investigation Monitoring
PREVENTION
Preventive action is taken to manage the potential fraud and losses for the Bank, customers, and other stakeholders.
Efforts are made to prevent fraud by fostering an anti-fraud culture and promoting awareness of fraudulent activities
among internal employees, customers, and business partners through various educational programs focused on anti-
fraud awareness which are carried out continuously.
Anti-fraud awareness education program for internal employees is carried out by using various methods or media in
the form of physical meeting, virtual training/sharing session programs and mandatory E-Learning (Learning on The
Go) applications, WhatsApp media, email blasts and other internal communication media. All of these programs are
conducted to achieve the following objectives:
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1. Employees are expected to uphold the Bank’s values DETECTION
and demonstrate high integrity while carrying out An effective detection system is crucial for promptly
their duties in alignment with applicable policies and identifying fraud, allowing for immediate mitigation
procedures. efforts to prevent further risks or greater losses. The
2. Employees are fully aware that those who commit Bank detects fraudulent actions using various methods,
fraudulent actions will be imposed with severe including:
sanctions without exception and this is also applicable 1. Regular audit and surprise audits.
for other parties who commit violations leading to the 2. Surveillance system.
opportunities for fraud to occur. 3. Approach through data analytics carried out by the
3. Employees are encouraged to actively participate in a control function.
speak-up culture and report any signs of indications 4. Encouraging a speak-up culture through the
of fraud through the Bank’s Whistleblowing System Whistleblowing System (WBS).
(WBS). 5. Monitoring of suspicious transactions outside
the customer profile in the context of Anti-Money
Another important measure that has been taken in preventing Laundering and Prevention of Terrorism Financing
fraud is the implementation of Know Your Employee (KYE) (APU-PPT).
principle which includes the selection and recruitment 6. Maker-checker control mechanisms, verification, and
process for new employees through background checks of other control mechanisms by utilizing systems or
prospective employees, both performed by the Bank itself infrastructure attached to the Bank’s products and
and independent parties to ensure candidates possess operational processes.
good business track record. In addition, the implementation 7. Collaboration with auditor to detect fraud in certain
of KYE also includes inherent supervision from superiors segments, products, business processes with a risk-
towards subordinates regarding discipline and compliance based approach.
with policies and procedures as well as changes in employee
behavior and lifestyle that are different from the normal Specifically regarding the whistleblowing system (WBS), CIMB
standards. Niaga collaborates with third parties or independent and
professional consultants, namely PT. Deloitte Advis Indonesia
CIMB Niaga recognizes that the risk of fraud extends beyond to manage the receipt of reports and forwards them to CIMB
its internal environment and includes threats from external Niaga and also as the liaison officer between CIMB Niaga and
parties employing various tactics to compromise the Bank’s the whistleblower if deemed necessary. This arrangement
and customer’s assets. Therefore, educational programs on aims to provide employees, customers, business partners,
anti-fraud awareness are not only provided to employees and the public with a streamlined process for submitting
but also extended to customers through multiple channels, reports if they become aware of any indications of fraud
including the Bank’s social media accounts (Facebook, or violations involving CIMB Niaga employees. In addition,
Instagram, Twitter), CIMB Niaga Website, Digital Posters third party management of the WBS ensures the complete
placed in branch offices, SMS, ATM displays / CDM, Billing/ confidentiality of whistleblowers.
Account Statement, Call Center waiting tone (Interactive
Voice Response/IVR). These customer-focused and anti-fraud INVESTIGATION
awareness programs aim to empower customers to actively Investigation of alleged or suspected fraud is performed to
participate in preventing fraud and avoid falling victim to trace back and to find the personnel who commits fraud,
fraudulent activities. their modus operandi, their motives and the triggers as
well in a clear, objective and transparent manner. Hence,
With the very rapid technology advancement in the purpose of the investigation is to provide the Bank with
communication devices and banking transactions, the a solid foundation for imposing sanctions on perpetrators
Bank and its customers/public in general are exposed and initiating follow-up actions, which include managing
to cyber risk which can be detrimental to the Bank, not affected customers (if any), addressing incurred losses,
only financial but also to reputational losses. Therefore, pursuing legal measures, and enhancing controls based
the Bank proactively identifies threats and vulnerabilities on weaknesses identified during the investigation process.
in information system assets that could result in cyber
incidents. Educational programs for both internal
employees and customers are also provided through
various media continuously to instill awareness of cyber
risks.
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MONITORING
The monitoring pillar involves follow-up and evaluation of fraud cases that occur and reporting of fraud cases to Management
and OJK with the following explanation:
1. Follow-up on fraud cases involves determining sanctions imposed on perpetrators and related parties, managing losses,
conducting legal proceedings (if necessary), while evaluation includes reviewing and improving controls so as to prevent
fraud reoccurrence. In order to enable the Bank to achieve its well-performed and well-monitored control review and
control improvement process, the Bank collaborates with several business units including Anti Fraud Management (AFM),
Operational Risk Management (ORM) and Risk Control Unit (RCU) units using Control Issue Management tools and report
them to Management.
2. The reporting of anti-fraud strategies is provided to the Board of Directors and Board of Commissioners periodically as a
part of active monitoring function by Management. In addition, to comply with regulations issued by OJK, the Bank also
submits reports regarding the implementation of anti-fraud strategies to OJK every semester through the OJK reporting
system (APOLO).
The explanation of each of the pillars above shows that CIMB Niaga has implemented a comprehensive anti-fraud
strategy, which is interconnected between one pillar to another resulting to effective strategic execution.
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Chapter II Pillar 3: Capital Disclosure,
Risk Exposure and Risk Management
Implementation
GENERAL AFFAIR
Table 1.a. Consolidated Disclosure of Quantitative Key Metrics
(in million Rupiah)
a b c d e
No. Description
Dec 23 Sep 23 Jun 23 Mar 23 Dec 22
Available Capital (value)
1 Common Equity Tier 1 45,804,024 43,561,045 42,478,122 43,258,060 41,314,707
2 Tier 1 Capital 45,804,024 43,561,045 42,478,122 43,258,060 41,314,707
3 Total Capital 48,066,729 45,745,217 44,684,373 45,523,712 43,427,063
Risk Weighted Asset (Value)
4 Total Risk Weighted Asset (RWA) 200,125,898 191,967,673 192,561,809 213,660,717 195,718,636
Risk Based Capital Ratio in the form of percentage of RWA
5 Common Equity Tier 1 (CET1) Ratio (%) 22.89% 22.69% 22.06% 20.25% 21.11%
6 Tier 1 Ratio (%) 22.89% 22.69% 22.06% 20.25% 21.11%
7 Total Capital Ratio (%) 24.02% 23.83% 23.21% 21.31% 22.19%
Additional CET1 that functions as buffer in the form of percentage of RWA
8 Capital conservation buffer (2.5% from RWA) (%) 2.50% 2.50% 2.50% 2.50% 2.50%
9 Countercyclical Buffer (0 - 2,5% dari ATMR) (%) 0.00% 0.00% 0.00% 0.00% 0.00%
10 Capital Surcharge for systemic Banks (1% - 2,5%) (%) 1.00% 1.00% 1.00% 1.00% 1.00%
11 Total CET1 as buffer (Line 8 + Line 9 + Line 10) 3.50% 3.50% 3.50% 3.50% 3.50%
12 CET1 Component for buffer 12.27% 12.26% 12.25% 12.34% 12.32%
Leverage ratio in accordance with Basel III
13 Total Exposure 333,464,950 326,536,670 328,630,675 348,190,351 304,436,337
14 Leverage Ratio Value, including the impact of the adjustment towards 13.74% 13.34% 12.93% 12.42% 13.57%
temporary exemptions on current account placements in Bank Indonesia in
order to meet Statutory Reserve provisions (if any)
14a Basel III compliant leverage ratio in the presence of Expected Loan Loss Model N/A N/A N/A N/A N/A
Expected Loan Loss Model in full compliance with PSAK 71. (%) (line 2a/line13)
14b Leverage Ratio Value, excluding the impact of the adjustment towards 13.74% 13.34% 12.93% 12.42% 13.57%
temporary exemptions on current account placements in Bank Indonesia in
order to meet Statutory Reserve provisions (if any)
14c Leverage Ratio Value, including impact from the adjustment towards temporary 13.74% 13.34% 12.93% 12.42% 13.57%
exemptions on current account placements in Bank Indonesia in order to meet
Statutory Reserve provisions (if any), which has inputed the average value of the
listed value of the Securities Financing Transaction (SFT) assets on a gross basis
14d Leverage Ratio Value, excluding the impact of the adjustment towards 13.74% 13.34% 12.93% 12.42% 13.57%
temporary exemptions in current account placements in Bank Indonesia in
order to meet Statutory Reserve provisions (if any), which has inputed the
average value of the listed value of the Securities Financing Transaction (SFT)
assets on a gross basis
Liquidity Coverage Ratio (LCR)
15 Total High Quality Liquid Assets (HQLA) 88,255,234 91,675,038 97,565,446 93,926,251 88,409,972
16 Total Net Cash Outflow 35,361,805 35,829,447 36,443,502 36,842,124 38,285,297
17 LCR (%) 249.58% 255.87% 267.72% 254.94% 230.92%
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding (ASF) 219,223,738 220,932,232 220,179,665 223,710,549 214,256,435
19 Total Required Stable Funding (RSF) 191,184,798 185,327,325 183,724,666 189,954,583 178,401,403
20 NSFR (%) 114.67% 119.21% 119.84% 117.77% 120.10%
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Qualitative Analysis
Ratio CAR:
CIMB Niaga’s consolidated Capital Adequacy Ratio (CAR) as of Dec 2023 was 24.02%, up 0.19% from Sept 2023 of 23.83%. The increase in CAR was
mainly due to an increase in total capital of Rp2.3 trillion despite an increase in total RWA of Rp8.2 trillion.
CIMB Niaga’s leverage ratio on a consolidated basis in Dec 2022 was 13.57%, an increase of 0.54% from Sept 2022 position. This increase was
due to the increase in core capital of Rp1.8 trillion.
Leverage Ratio:
CIMB Niaga’s leverage ratio on a consolidated basis as of Dec 2023 was 13.74%, an increase of 0.40% from Sept 2023 position of 13.34%. This
increase was due to an increase in core capital of IDR2.2 trillion despite an increase in total exposure of IDR6.9 trillion.
LCR:
On a consolidated basis, the average LCR figure for the fourth quarter of 2023 Publication amounted to 249.58% or decreased by 6.29%
compared to the previous quarter (position in the third quarter of 2023 Publication amounted to 255.87%). The decrease in LCR was due to
the decrease in the weighted average value of HQLA which was greater than the decrease in the weighted average value of Net Cash Outflow.
The majority of the decline in HQLA was in the form of Government Bonds and placements with Bank Indonesia which were allocated to the
growth of Loans and to cover the decline in average total Deposits. On the other hand, the decrease in the weighted average value of Net Cash
Outflow was driven by a decrease in total Deposits and some of these Deposits moved to Time Deposits with a maturity period of > 30 days
(QTD) so that they were excluded from the LCR calculation. Many of these changes occurred on the Parent Company or Bank side, given that
the Subsidiary component is relatively small when compared to the Bank component.
NSFR:
Consolidated NSFR in December 2023 amounted to 114.67% or still above the regulatory limit. The Consolidated NSFR figure decreased by
4.55% compared to September 2023 which stood at 119.21%. The decrease in the NSFR figure was due to an increase in the total weighted
value of the consolidated RSF component of eq. Rp 5.86 Trillion while on the other hand there was a decrease in the total weighted value of
consolidated ASF by eq. Rp 1.71 Trillion.
Tabel 1.b. The difference between Consolidated Coverage under Accounting Standards and Prudential Provisions
(in million Rupiah)
a b c d e f g
Carrying value of the respective risks
Carrying value Not refer
Carrying In accordance
as specified in In accordance to capital
value based In accordance with In accordance
the financial with requirements
on prudent with credit risk counterparty with market
statement securitization or based
principles framework credit risk risk framework
publication framework on capital
framework
reduction
Indonesia
Assets
Cash 3,928,446 3,928,446 3,928,446 - - - -
Placement in Bank Indonesia 17,432,996 17,432,996 17,432,996 - - - -
Placement in other banks 2,992,226 2,992,226 2,992,226 - - - -
Spot and derivative 849,014 849,014 849,014 2,182,179 - 849,014 -
receivables
Securities 58,896,378 58,896,378 41,076,874 - - 17,819,504 -
Securities sold under 21,103,222 21,103,222 20,412,621 690,601 - - -
repurchase agreements
(repo)
Claims on securities 5,159,387 5,159,387 - 5,159,387 - - -
purchased under re-sell
agreement (reverse repo)
Acceptance receivables 1,102,091 1,102,091 1,102,091 - - - -
Loans 158,128,579 158,128,579 158,128,579 - - - -
Sharia Financing 55,241,291 55,241,291 55,241,291 - - - -
Investments 4,214 4,214 4,214 - - - -
Other financial assets 5,508,323 5,508,323 5,508,323 - - - -
Allowance for impairment in
of financial assets -/-
a. Marketable securities (39,160) (39,160) (36,445) - - - -
b. Loans and Sharia (12,047,483) (12,047,483) (10,067,025) - - - -
financing
c. Others (518,876) (518,876) (518,876) - - - -
Intangible assets 4,366,593 4,366,593 - - - - 4,366,593
Accumulated amortization of (2,291,937) (2,291,937) - - - - (2,291,937)
intangible assets -/-
Fixed assets and inventories 9,563,327 9,563,327 9,563,327 - - - -
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(in million Rupiah)
a b c d e f g
Carrying value of the respective risks
Carrying value Not refer
Carrying In accordance
as specified in In accordance to capital
value based In accordance with In accordance
the financial with requirements
on prudent with credit risk counterparty with market
statement securitization or based
principles framework credit risk risk framework
publication framework on capital
framework
reduction
Accumulated depreciation of (2,788,591) (2,788,591) (2,788,591) - - - -
fixed assets and inventories
-/-
Non-productive assets - - - - -
a. Abandoned properties - - - - - - -
b. Foreclosed collaterals 236,480 236,480 236,480 - - - -
c. Suspended accounts 51,437 51,437 51,437 - - - -
d. Inter-branch assets 28,385 28,385 28,385 - - - -
Other assets 7,462,891 7,462,891 6,085,233 - - - 1,377,658
Total assets 334,369,233 334,369,233 309,230,600 8,032,166 - 18,668,518 3,452,314
Liabilities
Current account 73,201,803 73,201,803 - - - - -
Savings account 77,430,824 77,430,824 - - - - -
Time deposits 85,229,043 85,229,043 - - - - -
Electronic money 114,364 114,364 - - - - -
Liabilities to Bank Indonesia - - - - - - -
Interbank liabilities 1,760,447 1,760,447 - - - - -
Spot and derivative liabilities 540,051 540,051 - - - - -
Liabilities on securities sold 20,426,826 20,426,826 - - - - -
under repurchase agreement
Acceptance liabilities 1,102,091 1,102,091 - - - - -
Issued securities 2,453,321 2,453,321 - - - - -
Borrowings 6,288,525 6,288,525 - - - - -
Security deposits 229,845 229,845 - - - - -
Inter-branch liabilities - - - - - - -
Other liabilities 16,254,722 16,254,722 - - - - -
Minority interest 144,827 144,827 - - - - -
Total liabilities 285,176,689 285,176,689 - - - - -
Qualitative Analysis
The difference between the total carrying amount of assets in accordance with the consolidated scope of prudential requirements and the carrying
amount of each risk (as reported in table 1b) derived from the value of Spot Derivative Receivables and Receivables on securities purchased under
agreements to resell (reverse repo). The differences are explained as follows:
1. Spot Derivative Receivables
- Referring to OJK regulations, financial assets in the form of Spot and Derivative Bills are subject to more than one risk, namely in the counterparty
credit risk framework and the market risk framework.- In the counterparty credit risk framework, the calculation of Derivative Transactions
using the Standardized Approach has different calculation criteria from the accounting carrying value because the calculation uses the sum of
Replacement Cost and Potential Future Exposure data multiplied by 1.4 in accordance with the provisions of SEOJK Number 48/SEOJK.03/2017.
- In the market risk framework, the calculation refers to SEOJK Number 38/SEOJK/2016 regarding Guidelines for the Use of Standard Methods in
Calculating the Minimum Capital Adequacy Requirements of Commercial Banks by Taking into Account Market Risk.
- In the market risk framework, the calculation refers to SEOJK Number 38/SEOJK/2016 regarding Guidelines for the Use of Standard Methods in
Calculating the Minimum Capital Adequacy Requirements of Commercial Banks by Taking into Account Market Risk.
2. Receivables from securities purchased under agreements to resell (reverse repo).
- Referring to OJK rules, financial assets in the form of reverse repo are subject to more than one type of risk, namely counterparty credit risk and
market risk framework.
- In the market risk framework, the calculation of Reverse Repo Transactions refers to the provisions of SEOJK Number 38/SEOJK/2016 Market
risk framework regarding Reverse Repo transactions in the Trading Book, that if the securities that are collateral for reverse repo transactions
are traded, the Bank must book the transaction as a short position in the Trading Book so that it is exposed to Market Risk.
- In the counterparty credit risk framework, the reverse repo calculation refers to SEOJK Number 11/SEOJK.03/2018 regarding Guidelines for
Calculation of Risk Weighted Assets for Credit Risk using the Standardized Approach.
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Tabel 1.c. Main Source of Difference between Exposure according to Prudential Provisions and Carrying Values
according to Financial Accounting Standards
(in million Rupiah)
a b c d e
Item in accordance with:
Total Counterparty
Credit risk Securitization Market risk
credit risk
framework Framework framework
framework
Asset carrying value amount under scope of regulatory consolidation (as 334,369,233 309,230,600 - 8,032,166 18,668,518
reported in table 1b)
Liabilities carrying value amount under regulatory scope of consolidation - - - - -
(as reported in table 1 b)
Total net amount under regulatory scope of consolidation - - - - -
Off-balance sheet amounts 104,241,932 18,809,608 - - -
Calculation of Derivative Transactions with Standardized Approach - 2,182,179 - - -
Differences due to different netting rules, other than those already - - - - -
included in row 2
Differences due to consideration of provisions - - - - -
Differences due to prudential filters - - - - -
Exposure amounts considered for regulatory purposes
Qualitative Analysis
There is a discrepancy between the total carrying amount of assets in accordance with the consolidated scope of prudential provisions and the
carrying amount of each risk (as reported in table 1b) derived from the value of Spot Derivative Receivables and Receivables on securities purchased
under agreements to resell (reverse repo). The differences are described as follows:
1. Spot Derivative Receivables
- Referring to OJK regulations, financial assets in the form of Spot and Derivative Receivables are subject to more than one risk, namely in the
counterparty credit risk framework and market risk framework.
- In the counterparty credit risk framework, the calculation of Derivative Transactions using the Standardized Approach has different calculation
criteria from the accounting carrying value because the calculation uses the sum of Replacement Cost and Potential Future Exposure data
multiplied by 1.4 in accordance with the provisions of SEOJK Number 48/SEOJK.03/2017.
- In the market risk framework, the calculation refers to SEOJK Number 38/SEOJK/2016 regarding Guidelines for the Use of Standard Methods in
Calculating the Minimum Capital Adequacy Requirements of Commercial Banks by Taking into Account Market Risk.
2. Receivables from securities purchased under agreements to resell (reverse repo).
- Referring to OJK rules for financial assets in the form of reverse repo is subject to more than one type of risk, namely counterparty credit risk
and market risk framework.
- In the market risk framework, the calculation of Reverse Repo Transactions refers to the provisions of SEOJK Number 38/SEOJK/2016 Market
risk framework regarding Reverse Repo transactions in the Trading Book, that if the securities that are collateral for reverse repo transactions
are traded, the Bank must book the transaction as a short position in the Trading Book so that it is exposed to Market Risk.
- In the counterparty credit risk framework, the reverse repo calculation refers to SEOJK Number 11/SEOJK.03/2018 regarding Guidelines for
Calculating Risk Weighted Assets for Credit Risk using the Standardized Approach.
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Capital
I. QUALITATIVE DISCLOSURE OF CAPITAL e. Preparing capital contingency plans.
STRUCTURE AND CAPITAL ADEQUACY f. Having a comprehensive recovery plan,
which not only covers capital aspects but
1. Capital disclosure also liquidity, profitability and asset quality
Bank’s capital management framework is designed to aspects
ensure that the Bank maintains sound capital structure
in accordance with the risk profile, business targets b. Capital Structure
and capital adequacy as required by the Regulator. The capital components are generally dominated
It seen from the Bank’s capital components, which by permanent and loss absorbent capital
are primarily concentrated in Tier-1 capital, with a components, where by core capital (Tier-1)
consolidated Tier-1 capital ratio as of December 2023 remains as the largest element of the Bank’s
at 22.89% out of Capital Adequacy Ratio (CAR) at capital. In addition to core capital, the Bank
24.02%. has also issued capital instruments, namely
subordinated bonds with the following details:
a. Capital Management Objective
CIMB Niaga has a vision to maintain its strong 1. Subordination III of 2018
capital position while at the same time utilizing On November 15, 2018, the Bank issued
capital optimally to support business growth Subordinated Bonds III of 2018 amounting to
and retain investors, depositors, customers and Rp150 billion comprising the following:
market trust. The main objectives of Bank’s capital
management are as follows: Series A: The principal amount of the Series
1. Provide adequate capital for business A Subordinated Bonds is Rp75 billion with
development both organic and inorganic fixed interest rate of 9.85 % per year and has
in line with business appetite. This can mature on November 15, 2023.
be performed by implementing capital
management as follows: Series B: The principal amount of the Series
a. Short, medium, and long-term capital B Subordinated Bonds is Rp75 billion with a
planning by considering business fixed interest rate of 10.00 % per year and will
strategy. mature on November 15, 2025.
b. Developing a balanced business
appetite from the perspective of capital The bond issuance has been approved
consumption and capital generation by regulator through Letter No.S-124/
through the returns generated from PB.33/2018 dated 19 December 2018
business. with effective statement from OJK Capital
2. Ensure the Bank has adequate capital to Market Supervisory through Letter No.
manage risks exposure including in stress S-158/D.04/2018 dated 8 November 2018.
conditions. This is performed among others Pertaining to these subordinated bonds
by: issuance, the Bank obtained an “AA idn” rating
a. Complying with the regulatory from Pefindo. Subordinated bonds issued by
requirements regarding Bank capital at the Bank are utilized to support credit growth
all times. and maintain capital adequacy in order to
b. Maintaining capital buffer above comply with POJK No. 14/2017 concerning
minimum requirement. Recovery Plans for Systemic Banks.
c. Performing stress testing, both for
internal and regulatory purpose 2. Sustainable Subordinated Bonds I Phase 1 of
d. Preparing projections and perform 2019
supervision of Capital Adequacy Ratio On December 19, 2019, the Company issued
for the short, medium and long term to Continuous Subordinated Bonds I Phase 1 of
estimate capital consumption needs. 2019 amounting to Rp83 billion with a tenor
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of 5 years which will mature on December 19, according to the Risk Profile and Compliance with
2024, with a fixed interest rate of 8.05%. Capital Equivalency Maintained Assets (CEMA).
The issuance of these bonds has been As of December 2023, the Bank self-assessed its
approved by OJK through Letter No. S-7/ risk profile at rank 2 (two) or low-moderate with
PB.33/2020 dated 4 February 2020 and a Minimum Capital Requirement (KPMM) ratio of
received an effective statement from the 23.53% for the Bank individually and 24.02% for
Capital Market Supervisory OJK through Letter Banks on a consolidated basis. This ratio meets the
No. S-194/D.04/2019 dated 12 December OJK requirement of 9% to 10% of Risk Weighted
2019. In connection with the issuance of these Asset (RWA) for a Bank with risk profile rating at 2
subordinated bonds, the Bank obtained an (low to moderate).
“AA idn” rating from Pefindo. According to OJK
letter No S-7/PB.33/2020 dated 4 February OJK and Bank Indonesia have issued capital
2020, subordinated bonds issued by the Bank regulations in line with Basel III which are effective
meet the criteria for supplementary capital starting January 1, 2016. The Bank is expected
and are accompanied by a call option feature. to provide additional 3 (three) capital buffers
gradually in the form of primary core capital (CET1)
c. Capital Adequacy as follows:
As part of a banking entities in Indonesia, - Capital Conservation Buffer (CCB), at 2.5%.
CIMB Niaga is constantly striving to comply - Countercyclical Buffer, at 0% based on press
with regulatory requirements, , including Basel release Bank Indonesia dated October 19th
implementation to manage minimum CAR. Bank 2023.
considers capital adequacy through maintaining - Capital Surcharge Buffer for Domestic
capital adequacy ratio above regulatory Systemically Important Bank (D-SIB), is 1%
requirement in the determining budget and based on OJK letter No. S-108/PB.32/2023
capital reserve to cover potential risk from bank’s dated October 20th 2023 regarding Bank
operational activity in the future. Sistemik dan Kewajiban Pemenuhan Capital
Surcharge.
The Bank has implemented Internal Capital
Adequacy Assessment Process (ICAAP), which As of December 2023, The Bank’s capital level
is a process for evaluating capital adequacy in has meet all three capital buffer requirement
accordance with the risk profile whereby the mentioned above.
Bank actively monitors and maintains its capital
position going forward by involving several Self-assessment results on the Bank;s capital ratio
activities as follows: in 2023 are considered good, with the capital
- Setting capital targets by considering stress ratio is above from regulatory requirement and
conditions, both at the Bank and consolidated sufficient to support business growth.
level, by taking into account the anticipated
future regulatory changes and shareholder The trend of capital growth based on Bank
expectations. Business Plan (RBB) also demonstrates Bank’s
- Estimating capital requirements based on the ability to support the Bank’s business expansion
Bank’s risk appetite. plan in the future. As of December 2023, core
- Determining the requirements for capital capital ratio to RWA is 22.39% for Bank on an
issuance and the maturity profile of capital individual basis and 22.89% on a consolidated
instruments. basis. Overall, Bank KPMM ratio as of December
2023 is of 23.53% on an individual basis and
This serves as a part of improving the 24.02% on a consolidated basis. Such ratios
effectiveness of risk management practices at the comply with POJK No. 27 of 2022 concerning the
Bank, in accordance with OJK Circular Letter No. Second Amendment to POJK No. 11/POJK.03/2016
26/ SEOJK.03/2016 dated 14 July 2016 concerning concerning Bank Minimum Capital Requirements
Minimum Capital Requirements (KPMM)
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at a minimum of 9% up to less than 10 % from RWA both for individual and consolidated level for Banks with a
risk rating of 2 (low-moderate). In addition, based on OJK regulations, the minimum core capital that must be
provisioned is 6%. The Bank’s capital adequacy with reference to OJK regulations during 5-year period is depicted
as follows:
(%)
24.02
21.47 21.92 22.68 22.19 22.89
20.20 20.80 21.61 21.11
2019 2020 2021 2022 2023
Modal Inti KPMM
The following are the Bank’s KPMM components both on individual and consolidated basis as of December 2023:
Individual Consolidated
Information
(in millions of rupiah) (in millions of rupiah)
Tier 1 43,302,142 45,804,025
Common Equity Tier 1 43,302,142 45,804,025
Tier 2 2,190,980 2,262,705
Total Capital 45,493,122 48,066,730
Total RWA 193,364,392 200,125,898
CAR 23.53% 24.02%
Tier 1 to RWA 22.39% 22.89%
Common Equity Tier 1 to RWA 22.39% 22.89%
Tier 2 Ratio 1.13% 1.13%
As a part of capital management, Bank periodically reviews annual dividend payment to maintain its capital
adequacy to support business growth targets, capital expenditure and new business activities. Based on the
General Meeting of Shareholders resolutions on April 10, 2023, the shareholders resolved to partially utilize
2022 net profit for dividend cash pay-out amounting to Rp2,872 billion (paid on May 10, 2023). The dividend
distribution plan and additional capital increase to the Subsidiaries are prepared by considering and maintaining
KPMM at an optimal level at all times, in accordance with the minimum requirements required by the regulator
and by taking into account the Bank’s business strategy going forward.
Referring to the POJK regulation No.26/POJK.03/ 2015, the Bank as the main entity of CIMB Indonesia financial
conglomerate has reported the requirements to provide integrated minimum capital for financial conglomerates.
As of December 2023, the ratio of integrated minimum capital reserve for CIMB Indonesia’s financial conglomerate
is 179% or 79% above the minimum requirement required by the POJK provisions.
d. Capital Governance
Management has good understanding on capital management, whereby the Board of Directors and Board of
Commissioners consider capital planning as an important element to achieve strategic goals. This is demonstrated
by the performance of the Bank and its Subsidiaries which are continuously maintained by monitoring the quality
of risk management in a sustainable manner, conducting regular audit on the adequacy of policies regarding
dividend distribution by Internal Audit Unit, and displaying management’s commitment to strategies and targets
already stated in the Bank Business Plan (RBB).
e. Quantitative Disclosure
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Tabel 2.a. CC1 – Capital Composition
Name of Bank : PT Bank CIMB Niaga (Consolidated)
Reporting Position : December 2023
Ref. No. deriving from
Amount
No. Component Consolidated Balance
(In Million Rupiah)
Sheet 1)
Common Equity Tier 1 (CET 1): Instrument and Additional Paid-in Capital
1 Common share (including stock surplus) 8,682,533 E16a; E16b; E16c; E17a;
E17d
2 Retained earnings 37,033,544 E21a; E21b; E21c
3 Accumulated other comprehensive income (and other reserves) 3,653,478 E18a; E18b; E19a
4 Directly issued capital subject to phase out from CET1 - -
5 Non controlling interest - -
6 Common Equity Tier 1 capital before regulatory adjustment 49,369,555 -
CET 1: Regulatory Adjustment
7 Differences in the fair value financial instruments adjustments in trading book - -
8 Goodwill - -
9 Other intangibles (other than mortgage servicing rights) 2,074,656 A14
10 Deferred tax assets related to future profitability - -
11 Cash-flow hedge reserve - -
12 Shortfall on provisions to expected losses - -
13 Securitisation gain on sale - -
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 in paid in capital on reported - -
financial statement)
17 Cross-holdings in CET 1 instruments in other entities - -
18 Investments in the capital of Banking, financial and insurance entities that are - -
outside the scope of regulatory consolidation, net of eligible short positions,
where the Bank does not own more than 10% of the issued share capital
(amount above 10% threshold)
19 Significant investments in the common stock of Banking, financial and insurance - -
entities that are outside the scope of regulatory consolidation, net of eligible
short positions (amount above 10% threshold)
20 Mortgage servicing rights - -
21 Deferred tax assets arising from temporary differences (amount above 10% - -
threshold, net of related tax liability)
22 Amount exceeding the 15% threshold: - -
23 of which: significant investments in the common stock of financial - -
24 Mortgage servicing rights - -
25 of which: deferred tax assets arising from temporary differences - -
26 National specific regulatory adjustments - -
26a. Difference between required and booked provisions - -
26b. Provisions for non-productive assets 113,217 -
26c. Deferred tax assets 1,377,658 A17
26d. Investment in shares - -
26e. Capital deficiency on insurance subsidiaries - -
26f. Securitization exposure - -
26g. Others - -
27 Regulatory adjustments applied to CET 1 due to insufficient Additional Tier 1 - -
and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 3,565,531 -
29 Common Equity Tier 1 capital (CET1) 45,804,024 -
Additional Tier 1 capital: instruments
30 Directly issued qualifying Additional Tier 1 instruments plus related stock - -
surplus
31 of which: classified as equity under applicable accounting standards - -
32 of which: classified as liabilities under applicable accounting standards - -
33 Directly issued capital instruments subject to phase out from Additional Tier 1 - -
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Ref. No. deriving from
Amount
No. Component Consolidated Balance
(In Million Rupiah)
Sheet 1)
34 Additional tier 1 instruments issued by subsidiaries and held by third parties - -
35 of which: instruments issued by subsidiaries subject to phase out - -
36 Additional Tier 1 capital before regulatory adjustments - -
Additional Tier 1 capital: regulatory adjustments
37 Investments in own Additional Tier 1 instruments - -
38 Reciprocal cross-holdings in Additional Tier 1 instruments - -
39 Investments in the capital of Banking, financial and insurance entities that are - -
outside the scope of regulatory consolidation, net of eligible short positions,
where the Bank does not own more than 10% of the issued common share
capital of the entity (amount above 10% threshold)
40 Significant investments in the capital of Banking, financial and insurance entities - -
that are outside the scope of regulatory consolidation (net of eligible short
positions)
41 National specific regulatory adjustments - -
41a. Fund placements on AT1 instrument in other Banks - -
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to - -
cover deductions
43 Total regulatory adjustments to Additional Tier 1 capital - -
44 Additional Tier 1 capital (AT1) - -
45 Tier 1 capital (T1 = CET 1 + AT 1) 45,804,024 -
Tier 2 capital: Instruments and provision
46 Directly issued qualifying Tier 2 instruments plus related stock surplus 44,823 -
47 Directly issued capital instruments subject to phase out from Tier 2 - -
48 Tier 2 instruments issued by subsidiaries and held by third parties - -
49 of which: instruments issued by subsidiaries subject to phase out - -
50 General reserves of PPKA for earning assets that must be calculated at a 2,217,882 -
maximum of 1.25% of RWA for Credit Risk
51 Tier 2 capital before regulatory adjustments 2,262,705 -
Tier 2 Capital: Regulatory Adjustments
52 Investments in own Tier 2 instruments - -
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities - -
54 Investments in other TLAC liabilities of banking, financial, and insurance entities - -
that are outside the scope of regulatory consolidation and, for which the Bank
does not own more than 10% of the issued entity’s common shares: amounts
previously designated to the 5% limit but which are no longer meets the
conditions eligible (only for G-SIBs)
Investments in other TLAC liabilities of banking, financial, and insurance entities - -
that are outside the scope of regulatory consolidation and, for which the Bank
does not own more than 10% of the issued entity’s common shares: amounts
previously designated to the 5% limit but which are no longer meets the
conditions eligible (only for G-SIBs)
55 Significant investments in the capital and other TLAC liabilities of banking, - -
financial and insurance entities that are outside the scope of regulatory
consolidation (net of eligible short positions)
56 National specific regulatory adjustments - -
56a. Sinking fund - -
56b. Fund placements on other Bank’s Tier 2 instruments - -
57 Total regulatory adjustments to Tier 2 capital - -
58 Tier 2 capital (T2) after regulatory adjustment 2,262,705 -
59 Total Capital (Tier 1 + Tier 2) 48,066,729 -
60 Total risk weighted assets 200,125,898 -
Capital ratios and buffers
61 Common Equity Tier 1 (as a percentage of risk weighted assets 22.89% -
62 Tier 1 (as a percentage of risk weighted assets) 22.89% -
63 Total capital (as a percentage of risk weighted assets) 24.02% -
64 Institution specific buffer requirement (minimum CET1 requirement plus 0.00% -
capital conservation buffer plus countercyclical buffer requirements plus G-SIB
buffer requirement, expressed as a percentage of risk weighted assets)
65 Capital Conservation Buffer 2.50% -
66 Countercyclical Buffer 0.00% -
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Ref. No. deriving from
Amount
No. Component Consolidated Balance
(In Million Rupiah)
Sheet 1)
67 Higher loss absorbency requirement 1.00% -
68 For conventional commercial banks: Common Equity Tier (CET 1) available to - -
meet Additional Capital (Buffer) – percentage of RWA
For branch offices of the Bank domiciled overseas: Portion of Business Funds
placed in CEMA (expressed as a percentage of RWA) available to meet the Buffer.
National minimal (if different from Basel 3)
69 National Common Equity Tier 1 minimum ratio (if differet to Basel 3) - -
70 National Tier 1 minimum ratio (if different to Basel 3) - -
71 National total capital minimum ratio (if different to Basel 3) - -
Amounts below the thresholds for deduction (before risk weighting)
72 Non-significant investments in the capital and other TLAC liabilities of other - -
financial entities
73 Significant investments in the common stock of financial entities - -
74 Mortgage servicing rights (net of related tax liability) - -
75 Deferred tax assets arising from temporary differences (net of related tax - -
liability)
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to - -
standardised approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach - -
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to - -
internal ratings-based approach (prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach - -
Capital instruments subject to phase-out arrangements (only applicable between 1 January 2018 and 1 January 2022)
80 Current cap on CET1 instruments subject to phase out arrangements - -
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and - -
maturities)
82 Current cap on AT1 instruments subject to phase out arrangements - -
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and - -
maturities)
84 Current cap on T2 instruments subject to phase out arrangements - -
85 Amount excluded from T2 due to cap (excess over cap after redemptions and - -
maturities)
Reference:
A: Assets
E: Equity
L: Liabilities
Reference numbering according to the number of balance sheet items
Tabel 2.b. CC2 – Capital Reconciliation
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
(in million Rupiah)
Consolidated
Balance Sheet
Published Balance with Consolidation Reference
No. Accounts Sheets Scope based No
on Prudential
Requirements
31 December 2023 31 December 2023
ASET
1 Cash 3,928,446 3,928,446
2 Placements with Bank Indonesia 17,432,996 17,432,996
3 Placement with other banks 2,992,226 2,992,226
4 Spot and derivative receivables 849,014 849,014
5 Securities 58,896,378 58,896,378
6 Securities sold under repurchase agreements (repo) 21,103,222 21,103,222
7 Securities purchased under re-sale agreements (reverse repo) 5,159,387 5,159,387
8 Acceptance receivables 1,102,091 1,102,091
9 Loans 158,128,579 158,128,579
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(in million Rupiah)
Consolidated
Balance Sheet
Published Balance with Consolidation Reference
No. Accounts Sheets Scope based No
on Prudential
Requirements
31 December 2023 31 December 2023
10 Sharia Financing 55,241,291 55,241,291
11 Equity investment 4,214 4,214
12 Other financial assets 5,508,323 5,508,323
13 Allowance for impairment in value of financial assets -/-
a. Marketable securities (39,160) (39,160)
b. Loans and Sharia financing (12,047,483) (12,047,483)
c. Others (518,876) (518,876)
14 Intangible assets 4,366,593 4,366,593 A14
Accumulated amortization of intangible assets -/- (2,291,937) (2,291,937) A14
15 Fixed assets and inventories 9,563,327 9,563,327
Accumulated depreciation of fixed assets and inventories -/-" (2,788,591) (2,788,591)
16 Non-productive assets
a. Abandoned properties - -
b. Foreclosed collaterals 236,480 236,480
c. Suspended accounts 51,437 51,437
d. Inter-branch assets 28,385 28,385
17 Other assets 7,462,891 7,462,891 A17
TOTAL ASSETS 334,369,233 334,369,233
LIABILITIES AND EQUITY
LIABILITIES
1 Current account 73,201,803 73,201,803
2 Saving accounts 77,430,824 77,430,824
3 Time deposits 85,229,043 85,229,043
4 Electronic money 114,364 114,364
5 Liabilities to Bank Indonesia - -
6 Liabilities to other Banks 1,760,447 1,760,447
7 Spot and derivative liabilities/forward 540,051 540,051
8 Payables on securities sold under repurchase agreements (repo) 20,426,826 20,426,826
9 Acceptances payables 1,102,091 1,102,091
10 Marketable securities issued 2,453,321 2,453,321
11 Borrowings 6,288,525 6,288,525
12 Security deposits 229,845 229,845
13 Inter office liabilities - -
14 Other liabilities 16,254,722 16,254,722
15 Minority interest 144,827 144,827
TOTAL LIABILITIES 285,176,689 285,176,689
EQUITY
16 Share-in Capital
a. Pain in capital 2,900,000 2,900,000 E16a
b. Unpaid Capital -/- (1,287,743) (1,287,743) E16b
c. Treasury stock (135,104) (135,104) E16c
17 Additional Paid-in Capital
a. Agio 7,068,257 7,068,257 E17a
b. Disagio -/- - -
c. Funds for paid-up capital - -
d. Other 137,123 137,123 E17d
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(in million Rupiah)
Consolidated
Balance Sheet
Published Balance with Consolidation Reference
No. Accounts Sheets Scope based No
on Prudential
Requirements
31 December 2023 31 December 2023
18 Other comprehensive income
a. Gains 4,197,306 4,197,306 E18a
b. Losses -/- (1,036,654) (1,036,654) E18b
19 Reserves -
a. General reserves 351,538 351,538 E19a
b. Appropriated reserves - -
20 Transaction with non-controlling interest (35,723) (35,723)
21 Gains/losses
a. Previous years 33,431,191 33,431,191 E21a
b. Current year 6,474,195 6,474,195 E21b
c. Dividend paid -/- (2,871,842) (2,871,842) E21c
TOTAL EQUITY 49,192,544 49,192,544
TOTAL LIABILITIES AND EQUITY 334,369,233 334,369,233
Tabel 3.a. CCA - Details of Capital Instrument Features - SHARES CATEGORY
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification number BNGA
3 Underlying Law Indonesian Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After transition CET 1
6 Is the instrument eligible for Individual/ Group or Group and Individual Group and Solo
7 Type of Instrument Common stock
8 Amount in CAR 8,682,533
9 Par value of instrument Class A: IDR 5,000 (full
amount) per share
Class B: IDR 50 (full
amount) per share
10 Classification based on financial accounting standard Equity
11 Issuance date Effective statement:
- Initial Public Offering:
02/10/1989
- Limited Public Offering
I: 26/09/1992
- Limited Public Offering
II: 29/10/1996
- Limited Public Offering
III: 04/08/1999
- Limited Public Offering
IV: 25/08/2005
- Limited Public Offering
V: 03/11/2010
12 Without maturity (perpetual) or with maturity Perpetual
13 Maturity date N/A
14 Execution of a call option with approval from Otoritas Jasa Keuangan N/A
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
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Quantitative/Qualitative
No. Description
Information
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Floating
18 The coupon rate or other reference index N/A
19 Any dividend stopper No
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Noncumulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how is the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature No
31 If write-down; mention the trigger N/A
32 If write-down; full or partial N/A
33 If write-down, permanent or temporary N/A
34 If temporary write-down, explain documentation mechanism N/A
34a Subordinated type N/A
35 Instrument hierarchy at the time of liquidation This instrument represents
paid-up capital and is
subordinate to other
capital components.
Available to absorb
losses incurred prior to
liquidation as well as
during liquidation.
36 Transition for non-compliant feature No
37 If yes, explain for non-compliant features N/A
Tabel 3.b. CCA - Details of Capital Instrument Features – SUBORDINATION CATEGORY III
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification number BNGA03ASB dan
BNGA03BSB
3 Underlying Law Indonesian Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After Transition Tier 2
6 Is the instrument eligible for Individual/Group or Group and Individual Group and Solo
7 Type of instrument Subordinated Loan
8 Amount in CAR 28,176
9 Par value of instrument 75,000
10 Classification based on financial accounting standard Liabilities - Amortized Cost
11 Date of issuance 15/11/2018
12 Without maturity (perpetual) or with maturity With Maturity
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No. Description
Information
13 Maturity date Seri B : 15/11/2025
14 Execution of a call option with approval from Otoritas Jasa Keuangan No
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Fixed
18 The coupon rate or other reference index Seri A : 9.85%
Seri B : 10.00%
19 Any dividend stopper N/A
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Cummulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature Yes
31 If write-down; mention the trigger In accordance with
the provisions of Part
II number 2 of SEOJK
No.20/2016, conditions
that cause (trigger event
complementary capital
(Tier 2) must be written
down, namely in the event
that:
1. The main core capital
ratio (Common Equity
Tier 1/CET 1) is lower
or equal to 5.125% (five
point one hundred
twenty five percent) of
risk-weighted assets
(RWA) both individually
and consolidated with
subsidiaries; and/or
2. there is a plan from the
competent authority to
invest in the Company
which is considered
to have the potential
to disrupt its business
continuity; and
3. there is an order from
OJK to write down.
The impact of a Write
Down includes a
reduction in the value
of liabilities, or a partial
or full reduction in yield
payments.
32 If write-down; full or partial Full or partial
33 If write-down, permanent or temporary N/A
34 If temporary write-down, explain documentation mechanism N/A
34a Subordinated type N/A
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Quantitative/Qualitative
No. Description
Information
35 Instrument hierarchy at the time of liquidation Subordinated III is pari
passu without preference
with the rights of other
subordinated creditors
but lower than preferred
creditors, creditors who
have special rights, and
concurrent creditors who
are not subordinated
bondholders
36 Transition for non-compliant feature No
37 If yes, explain for non-compliant features N/A
Tabel 3.c. CCA - Details of Capital Instrument Features – Sub BLKJ I Category PHASE I
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
Quantitative/Qualitative
No. Description
Information
1 Issuer PT Bank CIMB Niaga Tbk
2 Identification number BNGA01SBCN1
3 Underlying Law Indonesia Law
3a Tools that enabled the required action on chapter 13 of the Term Sheet (For the legitimate TLAC instrument N/A
that ruled by the foreign law)
Instrument treatment based on CAR
4 During the transition period N/A
5 After Transition Tier 2
6 Is the instrument eligible for Individual/Group or Group and Individual Group and Solo
7 Type of instrument Subordinated Loan
8 Amount in CAR 16,647
9 Par value of instrument 83,000
10 Classification based on financial accounting standard Liabilities - Amortized Cost
11 Date of Issuance 19 /12/ 2019
12 Without maturity (perpetual) or with maturity With Maturity
13 Maturity date 19 /12/ 2024
14 Execution of a call option with approval from Otoritas Jasa Keuangan No
15 Date of call option, withdrawal amount and other requirement call option (if any) N/A
16 Subsequent call option N/A
Coupon/dividend
17 Fixed or floating coupon/dividend Fixed
18 The coupon rate or other reference index 8.05%
19 Any dividend stopper N/A
20 Fully discretionary; partial or mandatory Mandatory
21 Any step up feature or other incentive No
22 Noncumulative or cumulative Cummulative
23 Convertible or non-convertible Non-convertible
24 If convertible, mention the trigger point N/A
25 If convertible, full or partial N/A
26 If convertible, how the conversion rate N/A
27 If convertible, mandatory or optional N/A
28 If convertible, mention the type of conversion instrument N/A
29 If convertible, mention the issuer of the instrument it converts into N/A
30 Write-down feature Yes
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Quantitative/Qualitative
No. Description
Information
31 If write-down; mention the trigger In accordance with
the provisions of Part
II number 2 of SEOJK
No.20/2016, conditions
that cause
(trigger event)
complementary capital
(Tier 2) must be written
down, namely in the event
of:
1. Common Equity Tier
1 (CET 1) capital ratio
is lower than or equal
to 5.125% (five point
one hundred twenty
five percent) of risk-
weighted assets (RWA)
both individually and
consolidated with
subsidiaries; and/or
2. there is a plan from the
competent authority to
invest in the Company
which is considered
to have the potential
to disrupt its business
continuity; and
3. there is an order from
OJK to write down.
The impact of a Write
Down includes a
reduction in the value
of liabilities, or a partial
or full reduction in yield
payments.
32 If write-down; full or partial Full or partial
33 If write-down, permanent or temporary N/A
34 If temporary write-down, explain documentation mechanism N/A
34a Subordinated type N/A
35 Instrument hierarchy at the time of liquidation Subordinated Shelf
Registration I Phase I
is pari passu without
preference with the rights
of other subordinated
creditors but lower than
preferred creditors,
creditors who have special
rights, and concurrent
creditors who are not
subordinated bondholders
36 Transition for non-compliant feature No
37 If yes, explain for non-compliant features N/A
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Leverage Ratio
Tabel 4.a. Quantitative Disclosure – Leverage Ratio
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
(in million Rupiah)
No. Description Amount
1 Total Consolidated assets as per published financial statements 347,210,303
2 Adjustment for investments in banking, insurance or commercial entities that are consolidated for accounting -
purposes but outside the scope of regulatory consolidation
3 Adjustment for the value of the underlying group of financial assets that have been transferred in asset -
securitization that meets the sale and balance requirements as regulated in the Financial Services Authority
Regulation on the principle of prudence in asset securitization activities for commercial banks.
In the event that the underlying financial assets in question have been deducted from the total assets in the
statement of financial position, the number in this line is 0 (zero)."
4 Adjustment for temporary exemptions of Bank Indonesia reserves (if applicable). -
5 Adjustment for fiduciary assets recognized on balance sheet pursuant to the operative accounting framework but -
excluded from the leverage ratio exposure measure.
6 Adjustments to the purchase or sale value of financial assets on a regular basis using the trading date accounting (18,510,104)
method
7 Adjustments to the value of cash pooling transactions that meet the requirements as regulated in these Financial -
Services Authority Regulations.
8 Adjustments for derivative transaction exposure. 1,333,165
9 Adjustment for securities financial transactions (ex. Reverse Repo Transactions). 690,601
10 Adjustment for Administrative Account Transaction Exposures (ie. Conversion to credit equivalent amounts of 18,809,608
Administrative Account Transaction Exposures).
11 Adjustment of prudential assessment in the form of capital deduction and Allowance of impairment losses. (16,068,623)
12 Other adjustments. -
13 Total Exposure in Leverage Ratio calculation. 333,464,950
Tabel 4.b. Quantitative Disclosure - Leverage Ratio
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
(in million Rupiah)
Period
No. Description
December 2023 September 2023
Asset Exposure in Statements of Financial Position
1 On balance sheet items excluding derivatives and SFT's, but including collateral (Gross value before 347,210,303 343,100,803
deducted by Allowance of impairment losses)
2 Re-add value for derivative collateral submitted to the counterparty which results in a decrease in - -
total asset exposure in the balance sheet due to the application of financial accounting standards
3 (Deduction of receivables related to CVM (Cash Variation Margin) provided in derivative - -
transactions)
4 (Adjustment for securities received under securities financing transactions that are recognised as (5,159,387) (5,042,534)
an asset)
5 (Allowance of impairment losses for these assets is in accordance with financial accounting (12,616,308) (13,741,982)
standards)
6 (Asset amount deducted in determining Basel III Tier 1 Capital and Regulatory adjustment) (22,811,433) (23,413,862)
7 Total on balance sheet exposures (excluding derivatives and SFTs) (sum of rows 1 to 6) 306,623,176 300,902,425
Derivative Transaction Exposures
8 Replacement cost associated with all derivatives transaction (where applicable net of eligible cash 1,180,353 914,568
variation margin and/or with bilateral netting)
9 Add on amounts for PFE associated with all derivatives transactions 1,001,825 791,623
10 (Exceptions for exposure of derivative transactions settled through central counterparty - -
transactions (CCP))
11 Adjusted effective notional amount of credit derivatives - -
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(in million Rupiah)
Period
No. Description
December 2023 September 2023
12 (Adjusted effective notional offsets and add on deductions for written credit derivatives)" - -
13 Total derivatives exposures (sum of rows 8 to 12) 2,182,179 1,706,191
Securities Financing Transaction (SFT) Exposures
14 Gross SFT assets 26,276,813 24,358,876
15 (Net value of cash payables and cash receivables) (20,426,826) (18,649,525)
16 Credit Risk due to failure counterparties in relation to SFT assets which refers to the calculation of - -
current exposure as stipulated in the Appendix to this Regulation of POJK
17 Agent SFT Exposure - -
18 Total SFT Exposure (sum of rows 14 to 17) 5,849,987 5,709,351
Other Off-Balance Sheet Exposures
19 Value of all commitment or contingent liabilities 104,241,932 102,052,889
Gross value before deduction of Allowance of impairment losses
20 (Adjustments to the commitment or contingent liabilities for the conversion of the value of credit (85,432,324) (83,834,185)
equivalent amounts are then reduced by the allowance for impairment losses)
21 (Allowance of impairment losses of administration account transaction according to financial - -
accounting standard)
22 Total off balance sheet items (sum of rows 19 to 21) 18,809,608 18,218,703
Capital and Total Exposure
23 Tier 1 Capital 45,804,024 43,561,045
24 Total exposures (sum of rows 7, 13, 18, 22) 333,464,950 326,536,670
Leverage Ratio
25 Leverage ratio (including the impact of any applicable temporary exemption of central bank 13.74% 13.34%
reserves)
25a Leverage ratio (excluding the impact of any applicable temporary exemption of central bank 13.74% 13.34%
reserves)
26 Minimum Leverage Ratio Value 3.00% 3.00%
27 Applicable Leverage Ratio Buffer N/A N/A
Disclosure of Average Values
28 Average value of gross SFT assets, after adjustment for sale accounting transactions and netted of 0.00% 0.00%
amounts of associated cash payables and cash receivables
29 Quarter-end value of gross SFT assets, after adjustment for sale accounting transactions and 0.00% 0.00%
netted of amounts of associated cash payables and cash receivables
30 Total Exposure, including the impact of adjustments to the temporary exemption on current 333,464,950 326,536,670
account placements with Bank Indonesia in order to comply with the statutory reserve requirement
(if any), which includes the average value of the gross carrying value of SFT assets as referred to in
line 28
30a Total exposures (excluding the impact of any applicable temporary exemption of central Bank 333,464,950 326,536,670
reserves) incorporating average values from row 28 of gross SFT assets (after adjustment for sale
accounting transactions and netted of amounts of associated cash payables and cash receivables)
31 Leverage ratio (including the impact of any applicable temporary exemption of central bank 13.74% 13.34%
reserves) incorporating average value from row 28 of gross SFT assets (after adjustment for sale
accounting transactions and netted of amounts of associated cash payables and cash receivables)
31a Leverage ratio (including the impact of any applicable temporary exemption of central bank 13.74% 13.34%
reserves) incorporating average value from row 28 of gross SFT assets (after adjustment for sale
accounting transactions and netted of amounts of associated cash payables and cash receivables)
Qualitative Analysis
Leverage Ratio:
CIMB Niaga’s leverage ratio on a consolidated basis in Dec 2023 was 13.74%, an increase of 0.40% from Sept 2023 position of 13.34%. This
increase was due to an increase in core capital of IDR2.2 trillion despite an increase in total exposure of IDR6.9 trillion.
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Highlight Report Profile Discussion & Analysis Management
Credit Risks
DISCLOSURE OF CREDIT RISK EXPOSURE g. Provide structured credit training to Business Units
AND IMPLEMENTATION OF CREDIT RISK and Credit Units to ensure adequate knowledge in
MANAGEMENT the credit process.
Credit risk represents the risk of loss due to the failure
of debtors and/or other parties to repay their liabilities GOVERNANCE
at maturity. Credit/financing risk includes risks due to CIMB Niaga maintains credit risk management units at
debtor failure, risks due to concentrated provision of all levels, in order to build and maintain the Bank’s credit
funds (credit/financing concentration risk), risks due to activities in accordance with prudent banking principles,
counterparty credit risk, risks due to settlement risk and prevailing regulations and the Bank’s appetite. The
risks due to country risk. implementation of three lines of defense on credit risk
involves related business units as the first line, credit
Compared to 2022, economic conditions in 2023 units (transactional scope) and risk management units
demonstrate an increase in economic activity. However, (portfolio scope) as the second line, and internal audit as
such condition still needs to be monitored closely in the third line.
connection with increasing inflation and uncertainty
regarding the impact of high interest rate policies, as well The Board of Commissioners and Directors actively
as global factors including geopolitical conflicts and China’s supervise by performing regular evaluation of the
economic performance that are below expectations, implementation of credit risk management. To support
thus impacting a decline in public purchasing power this, the Bank has established executive committee, both
and ultimately affecting the debtor’s financial condition at the Board of Commissioners and Directors level.
and ability to make payments to the Bank. Under such • The Board of Commissioners is assisted by the Risk
circumstances, the mitigating measures taken by the Oversight Committee (KIPER) which works alongside
Bank include forward looking credit risk as follows: with the Audit Committee and the Nomination and
a. Perform good and targeted monitoring of overall Remuneration Committee.
portfolio quality to ensure the quality of new debtors, • At the Board of Directors level, the Bank’s risk
stable portfolio performance and ensure timely management and control, including credit risk,
intervention if deemed necessary. represents the responsibility of the Risk Management
b. Strengthen the early warning process as a preventive Committee (RMC), and the Credit Policy Committee
effort to identify potentially problematic debtors, (CPC) which specifically performs discussion, review
strengthen collections, and undertake rescue efforts and approval of credit policies. These two executive
through restructuring for debtors in accordance with committees are directly led by the President Director.
applicable policies. • At the transactional level, the Bank grants the
c. Conduct Thematic Portfolio Review and Stress Tests authority for credit approval to the Credit Committee,
on debtors who are potentially affected by fluctuating namely the Executive Credit Committee (ECC) and
macroeconomic conditions. also in the form of a Joint Delegated Authority (JDA)
d. Perform strict monitoring of affected debtors, or Single Limit Holder. This credit committee consists
by including them on the Watch List, supported of Directors and Senior Management with certain
by improvements to risk infrastructure for the authority limits which are governed according to the
automation of monitoring processes on the Bank’s appetite.
established. • In terms of credit quality supervision, the Bank
e. Manage the impact on credit reserves, including using maintains an Asset Quality Committee (AQC)
loss forecasts as input to management and business which is responsible for providing approval for the
units. classification/severity level of debtors and direction
f. Maintain the quality of credit provided by managing for handling or resolving non-performing loans.
the portfolio based on industry and develop Risk
Acceptance Criteria (RAC) as a guide for the credit Risk Management Director is responsible for risk
provided. management at the transactional level and portfolio
level, including those related to the management/
administration of credit policies and credit risk exposure
limits.
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In managing risk, Risk Management Director supervises 5. Credit Administration Unit is responsible for
the Credit Approver Unit which manages risk at the administering loan facilities after obtaining approval
transactional level for commercial and corporate from the Credit approver and binding agreement
segments; as well as the Risk Management Unit (SKMR) is completed with the assistance from Legal Unit.
which manages credit risk on a portfolio basis. In addition, Credit Administration Unit must ensure that credit
SKMR is assigned to facilitate active monitoring function documents have met all the requirements.
of the Board of Commissioners and Directors regarding 6. Credit Assurance Testing Unit, which includes non-
credit risk through the following: retail loan, is assigned with reviewing and providing
1. Coordinating the establishment of Risk Management reports on new and existing customers based on
Strategy, Risk Management Policy, Risk Appetite and risk-based sampling regarding the feasibility of the
Risk Limit related to credit risk. loan initiation, analysis, approval and administration
2. Monitoring the implementation of Strategy, Policy, process, as well as ensuring compliance with internal
Appetite and Limits related to credit risk. and external regulations have been fulfilled, also
3. Development and refinement of Risk Management proper and comprehensive monitoring of debtors
Framework related to credit risk. have been made available. Regularly, this unit
4. Credit model development and validation. provides recommendations on a credit process
5. Reviewing approved credit proposals. to ensure improvements have been thoroughly
performed.
In addition to SKMR, other organizational units or 7. Non-Performing Loan Resolution is assigned to
processes involved in managing credit risk in their perform the necessary process to manage non-
respective lines are as follows: performing loans for the non-retail segment, such as
1. Business units, both retail and non-retail, prepare collection, restructuring and litigation efforts.
loan applications by including a feasibility analysis of
the prospective debtor. POLICIES, PROCEDURES, AND
2. For retail loan (consumer), the analysis/review, ESTABLISHMENT OF LIMITS
approval and administration processes are carried CIMB Niaga established credit policies as guidelines
out by the Consumer Credit Underwriting Unit, while forcredit process for both conventional and sharia
non-performing loans are handled by the Consumer schemesthrough the Commercial Credit Principle Policy
Collection and Recovery Unit. This unit is under andthe Commercial Sharia Financing Principle Policy. The
Consumer Banking Directorate, but in performing implementation of these policies are elaborated further
its functions, the unit is restricted by the policies, in the Commercial Credit Policy and the Commercial
risk strategies and credit models determined by the Sharia Financing Policy as well as various more detailed
SKMR unit. procedures as a guideline for the Bank in approving
3. For non-retail loan, the process of analysis is loans, thus it will comply with the prudential principles at
performed by each Business Unit and reviewed by all times. The Non-Retail Credit Policy Unit collaborates
the Credit Unit (Credit Approver), and then approval with business units and other stakeholders to conduct
is requested from the credit decision maker. periodic review on credit policies and procedures.
Furthermore, loan booking process is carried out by
the Credit Administration Unit. To ensure that credit risk exposures are in accordance
4. Credit approver can be in the form of a Committee, with the Bank’s risk appetite, the Bank sets limits, which
Joint Delegated Authority (JDA) or Single Limit Holder include limits for credit decision-making authority that
whose members are either Directors and/or Senior are tailored to decision-making competencies and risk
Management and/or other Bank Officials that are levels.
appointed and responsible for providing credit
approval decisions based on the authority limits In addition, the Bank also has adequate policies and
given, risk level, as well as the competence of the methodologies to monitor and manage credit risk
Credit Decision Maker. Decision making is properly portfolio, including credit concentration risk with the
conducted by considering the prudent principle, following details:
the Bank’s risk appetite, as well as efforts to avoid
conflicts of interest.
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Highlight Report Profile Discussion & Analysis Management
1. House Limit Framework which manages credit b. Early Warning & Review Checklist (EWRC)
concentration risk at the debtor/large business group which is an identification of a debtor’s
level. potential credit risk based on several
2. Sector Framework which categorizes industrial parameters, including: business prospects,
sectors by Sector Appetite (Growth, Neutral and financial condition, and other factors that
Cautious) based on the outlook and quality of the may affect the debtor’s repayment ability. The
portfolio by sector as well as Sector Limits which limit combination of assessing the risk level of all
the risk of credit concentration in a particular sector parameters will determine the debtor’s asset
so as to ensure that credit exposure by sector does quality status such as non-watch list or watch
not exceed predetermined thresholds. list.
3. Risk Posture, which describes the strategic direction c. Sector Appetite (Cautious), which affects
for taking credit risk levels based on the Bank’s business processes by requiring all credit
segmentation. proposals for sectors with Cautious appetite
4. Exposure Limit Review (ELR), which represents the to obtain approval one level above the
process of reviewing the maximum exposure limit that applicable JDA with minimum approval at
the Bank can provide for each retail (consumption) JDA level A. Special treatment in the form of
portfolio. The ELR review and approval process is pre-clearance is also carried out for several
conducted regularly and periodically. Cautious sectors.
d. Sector Risk Acceptance Criteria (RAC), which is
RISK MANAGEMENT PROCESS the criteria adopted as a pre-screening tool in
1. Credit Risk Measurement selecting debtors in certain sectors according
In the Bank’s business activities, credit risk is assessed to risk appetite.
based on credit worthiness or the quality of customer e. Thematic Review, which is a thematic review
assets. The measures currently adopted by the Bank process of debtors who are exposed to a
in determining credit worthiness are as follows: thematic risk, in this case the volatility of
a. The debtor’s payment timeliness status macroeconomic indicators.
(delinquency) is one of the considerations in
determining collectability status; The form of Bank control over the results of
b. Watch List Accounts are classified based on the transactional monitoring mechanism are:
the debtor’s severity level before the debtor is (i) adjustments to account planning and credit
categorized as Impaired Accounts. requirements, (ii) early restructuring proposals,
c. Internal ratings/scorings: currently the Bank (iii) specific follow-up requests to debtors, and/or
has implemented ICRES (Internal Credit Rating (iv) adjustments to the required amount of loan
System) system for internal rating models for provision.
non-retail customers and CRDE (Centralized Retail
Decision Engine) system for internal model scoring 2. At Portfolio Level
implementation for retail customers, as an effort a. Risk Appetite Statement Monitoring, which is
to improve the quality of the risk measurement the monitoring of major credit risk indicators
process for both new and existing customers. bank-wide in order to ensure compliance with
the appetite that has been established and
Further, credit worthiness and the quality of credit reported on a monthly basis to KIPER.
risk mitigation will serve as the basis for determining b. Risk Profile, which is a general description
the appropriate of the amount of credit reserves/ of risk conditions based on indicators
provisions. Credit risk will realized into losses (credit determined by the regulator (inherent and
loss) if a non-performing loan cannot be recovered Quality of Risk Management Implementation).
resulting to write-off, either fully or partially. c. Risk Report, which is a report containing
the results of monitoring and analysis of
2. Credit Risk Monitoring and Control credit portfolios, which includes (i) general
1. At Transaction Level description of the composition, level of
a. Annual Review, which is a mechanism for concentration and quality of assets/loan
reviewing each credit facility periodically at portfolios, (ii) movement trends, and (iii)
least once a year to identify whether the areas that require attention from the Board
debtor’s credit worthiness still remains similar of Directors. Risk Reports are reported every
to the condition when the credit was granted. month to KMR and every quarter to KIPER in
order to facilitate the credit risk management
function by the Board of Directors and
supervision of risk management by the
Commissioners.
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d. Portfolio Quality Review (PQR), which is a Monitoring of credit risk exposure is conducted
monthly report that dissects and analyze periodically and corrective actions are taken immediately
portfolio credit risk based on business to maintain credit risk in accordance with the Bank’s risk
segments to identify portfolio growth and tolerance limits. In the event that a deviation is noted,
formulate action plans for maintaining/ the Bank takes the necessary steps to return the risk to
improving asset quality by related business normal conditions through a process involving senior
units. management or the relevant executive committee
e. House Limit Monitoring, Sector Limit according to the scale of the deviation.
Monitoring and Risk Posture Tracking which
have been disclosed in the previous section, in Credit risk control system is reviewed by SKMR and SKAI
order to monitor the conformity of conditions in accordance with the applicable Risk Management
and movements of the credit portfolio to the Policy. Regular internal audits have also been performed
pre-determined limits. by Internal Audit and followed up by related units. In
f. Asset Quality and Provision Forecast, in order addition, to improve risk control process, the Bank has
to to forecast the level and magnitude of established an anti-fraud unit which, among other things,
asset quality and credit provisions based on aims to increase risk awareness over the Bank’s business
historical data. processes.
g. Stress Tests are conducted at least 2 (two)
times a year to estimate credit risk exposure DEFINITION OF CREDIT IMPAIRMENT
and the potentials deterioration in credit Credit impairment represents all credits that are overdue
quality under various stress conditions or for more than 90 (ninety) days, both for principal
scenarios. In 2023, the Bank conducted several payments and/or interest payments. Credits that are
thematic stress tests to anticipate the impact impaired are determined based on a financial asset or
of fluctuating macroeconomic conditions on group of financial assets if, and only if, there is objective
the Bank’s credit risk profile. evidence of impairment as a result of one or more events
that occur after the initial recognition of the asset (loss
In general, the objective of various credit portfolio event), which impact on estimates of future cash flows
monitoring methods mentioned above is to detect for financial assets or groups of financial assets with
early signs of deterioration so that necessary reliable estimation.
credit risk control measures can be taken such as
adjusting strategy, policy, appetite or credit risk Performing assets are assets that are current and
exposure limits, as well as ensuring adequacy of under special mention. Further, non-performing assets
Bank reserves and capital to control credit risk. are assets that are Substandard, Doubtful and bad. To
determine performing and non-performing criteria, the
In terms of reporting, CIMB Niaga has developed Bank has developed separate policies for commercial
the latest Business Intelligence (BI) tools to and retail credit. In addition, the Bank also performs
facilitate management to receive high level restructuring of non-performing loans for debtors still
and detailed information related to credit risk possessing business prospects, showing ability and
indicators in a more effective and efficient cooperation to repay.
risk reporting and monitoring process, so that
decisions and risk management strategies can be The criteria adopted by CIMB Niaga to determine
determined earlier. objective evidence of impairment include the following:
a. Significant financial difficulties experienced by the
INTERNAL CONTROL issuer or borrower.
CIMB Niaga maintains an internal control system for b. The occurrence of defaults or delinquencies in
credit risk management that includes regular supervision principal or interest payments.
by the Board of Commissioners and Directors and also c. Observable data which indicates a measurable
control culture that involves all business lines. The Bank decrease in the estimated future cash flows of a
maintains a system for identifying and assessing credit group of financial assets since the initial recognition
risk, as well as control activities with clear segregation of of the asset even, though the decrease cannot yet be
duties in managing risk. identified individually within the asset group including
worsening of the payment status of borrowers in the
Group.
d. Loss of an active market for a financial asset due to
financial difficulties.
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APPROACH FOR IMPAIRMENT PROVISION
The provision for impairment loss is calculated based on the financial accounting standard PSAK 71 “Financial
Instruments” using the term of Expected Credit Loss (ECL).
Based on PSAK 71, ECL is calculated based on the following approach:
Stage 1 Stage 2 Stage 3
• For financial assets that have not • For financial assets that have had • For impaired/defaulted financial
had a significant increase in credit a Significant Increase Credit Risk assets (assets that are at least 90
risk (SICR) since initial recognition (SICR) since initial recognition but days past due on principal and/or
or that have low credit risk at the do not yet have objective evidence interest or have a specific rating).
reporting date. of impairment • ECL calculation is performed over
• ECL calculation is carried out • the ECL calculation is carried out the life of the asset using individual
using collective assessment on a over the life of the asset using a assessment (for material
12-month basis. collective assessment. exposures) or using collective
assessment (for exposures that
are not calculated using individual
assessment).
The ECL calculation/measurement method is as follows:
1 2
Individual Assessment: Collective Assessment: calculated based on Probability of Default (PD), Loss
is calculated based on the Given Default (LGD), and Exposure at Default (EAD).
present value of future cash • PD is calibrated to a period of 12 months from the reporting date (stage
flows expected to be received 1) or over the life (stages 2 and 3) and incorporates the impact of future
and the present value of economic assumptions that involve credit risk.
the liquidation value of the • LGD is estimated based on historical data of cure rates and takes into
collateral minus selling costs. account recoveries derived from collateral against financial assets including
haircuts taking into account future economic assumptions.
• EAD incorporates the impact of committed facility drawdowns, principal
and interest payments, amortization and accelerated repayment, together
with the impact of future economic assumptions where relevant. EAD
is determined by several factors including the lending limit and credit
conversion factor (CCF).
ECL calculation/measurement methodology in PSAK 71 has not been implemented for sharia-based transactions. This
is confirmed by ISAK (Interpretation of Financial Accounting Standards) 102 whereby entities are not allowed to change
their impairment accounting policy (specifically murabahah receivables) currently adopted, including being prohibited
from applying impairment methodology set forth in PSAK 71 which adopts expected loss, until the issuance of PSAK
which governs the decline in value of assets originating from sharia-based transactions.
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QUANTITATIVE DISCLOSURE OF CREDIT RISK
Table 5.a. Disclosure of Credit Quality on Assets (CR1)
i. Bank Only (in million Rupiah)
Posted Gross Value Provisions
Provisions
Non- Net Value
Past Due Provisions Stage 2 and (IRB
Past Due Stage 1 (a+b+c)
Receivables Stage 3 Approach)
Receivables
a b c d e f g
1 Loans 4,077,303 202,728,391 11,905,707 10,092,860 1,812,847 218,711,401
2 Securities 15,000 79,984,600 39,160 36,295 2,865 80,038,760
3 Administrative 53,226 104,188,705 387,368 66,108 321,260 104,629,299
Account
Transactions
4 Total 4,145,529 386,901,696 12,332,235 10,195,263 2,136,972 403,379,460
Table 5.a. Disclosure of Credit Quality on Assets (CR1)
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
Posted Gross Value Provisions
Provisions
Non- Net Value
Past Due Provisions Stage 2 and (IRB
Past Due Stage 1 (a+b+c)
Receivables Stage 3 Approach)
Receivables
a b c d e f g
1 Loans 4,157,551 209,212,319 12,047,483 10,125,932 1,921,550 225,417,353
2 Securities 15,000 79,984,600 39,160 36,295 2,865 80,038,760
3 Administrative 53,226 104,188,705 387,368 66,108 321,260 104,629,299
Account
Transactions
4 Total 4,225,777 393,385,624 12,474,011 10,228,335 2,245,675 410,085,412
Table 5.b. Disclosure of Past Due Loans and Securities Movement (CR2)
i. Bank Only (in million Rupiah)
a
1 Loans and Securities that have matured in the previous reporting period 5,400,531
2 Loans and Securities that have matured since the previous reporting period 3,921,418
3 Loans and Securities becoming receivables that have not matured (2,472,861)
4 Write-Off Value (2,194,060)
5 Other changes (562,725)
6 Loans and Securites that have Matured at the end of the reporting period (1+2+3+4+5) 4,092,303
Table 5.b. Disclosure of Past Due Loans and Securities Movement (CR2)
ii. Bank Consolidated with Subsidiaries (in million Rupiah)
a
1 Loans and Securities that have matured in the previous reporting period 5,471,382
2 Loans and Securities that have matured since the previous reporting period 4,154,815
3 Loans and Securities becoming receivables that have not matured (2,491,886)
4 Write-Off Value (2,456,177)
5 Other changes (505,583)
6 Loans and Securites that have Matured at the end of the reporting period (1+2+3+4+5) 4,172,551
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Table 5.c. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Net Claims Based on Region
i. Bank Only
Position as of 31 December 2023
Net Receivables Based on Region
No. Portfolio Category
Jabodetabek East Java Central Java East Java Sumatera
a b c d e
1 Claims on Government 79,685,050 - - - -
2 Claims on Public Sector Entities 7,539,848 2,962,872 123,946 71,236 1,846,687
3 Claims on Multilateral Development Banks and International - - - - -
Institutions
4 Claims on Banks 6,760,996 111,076 217,264 111,269 1,061,506
5 Claims in Covered Bonds - - - - -
6 Claims on Securities Companies and Other Financial Service 11,240,224 - 44,865 - 169,164
Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital 3,659 - - - -
Instruments
8 Loans Secured by Residential Properties 28,502,168 3,541,766 1,887,329 4,746,913 5,219,985
9 Loans Secured by Commercial Properties 13,250,902 2,831,874 2,327,885 3,197,159 4,246,747
10 Land Acquisition, Land Processing, and/or Construction - - - - -
Loans
11 Employee/Retiree Loans - - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 19,732,494 1,680,108 1,826,340 2,414,475 2,760,908
13 Claims on Corporations 56,163,416 5,802,301 4,861,101 7,093,737 9,041,265
14 Past Due Loans 902,039 158,679 143,712 207,250 224,705
15 Other Assets 13,616,521 794,037 743,388 571,173 458,827
Total 237,397,315 17,882,714 12,175,829 18,413,211 25,029,794
ii. Bank Consolidated with Subsidiaries
Position as of 31 December 2023
Net Receivables Based on Region
No. Portfolio Category
Jabodetabek East Java Central Java East Java Sumatera
a b c d e
1 Claims on Government 79,685,050 - - - -
2 Claims on Public Sector Entities 7,539,848 2,962,872 123,946 71,236 1,846,687
3 Claims on Multilateral Development Banks and International - - - - -
Institutions
4 Claims on Banks 6,961,358 111,076 217,264 111,269 1,061,506
5 Claims in Covered Bonds - - - - -
6 Claims on Securities Companies and Other Financial Service 11,240,224 - 44,865 - 169,164
Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital 3,659 - - - -
Instruments
8 Loans Secured by Residential Properties 28,502,168 3,541,766 1,887,329 4,746,913 5,219,985
9 Loans Secured by Commercial Properties 13,250,902 2,831,874 2,327,885 3,197,159 4,246,747
10 Land Acquisition, Land Processing, and/or Construction - - - - -
Loans
11 Employee/Retiree Loans - - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 22,222,380 2,508,784 2,334,810 2,883,131 3,596,647
13 Claims on Corporations 56,315,168 5,831,886 4,864,974 7,100,839 9,047,858
14 Past Due Loans 914,858 169,718 149,474 212,154 232,176
15 Other Assets 14,265,286 794,037 743,388 571,173 458,827
Total 240,900,899 18,752,014 12,693,935 18,893,873 25,879,597
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(in million Rupiah)
Position as of 31 December 2022
Net Receivables Based on Region
Eastern Eastern
Total Jabodetabek East Java Central Java East Java Sumatera Total
Indonesia Indonesia
g h i j k l
- 79,685,050 76,465,930 - - - - - 76,465,930
- 12,544,588 8,121,593 2,693,212 - - 2,722,704 - 13,537,508
- - - - - - - - -
1,197,139 9,459,250 4,884,320 135,132 236,684 63,461 881,408 630,504 6,831,509
- - - - - - - - -
- 11,454,252 6,245,317 - 40,726 0 152,778 - 6,438,822
- 3,659 3,659 - - - - - 3,659
2,459,513 46,357,674 24,346,502 2,191,220 1,392,032 3,058,334 3,971,787 1,796,827 36,756,702
3,774,184 29,628,752 3,284,107 117,690 79,216 140,481 300,350 849,165 4,771,008
- - - - - - - - -
- - - - - - - - -
2,911,499 31,325,824 13,491,151 901,368 667,033 1,282,451 1,231,996 760,962 18,334,961
6,773,072 89,734,891 65,260,249 9,936,739 7,464,763 10,518,849 12,658,491 10,641,631 116,480,723
172,940 1,809,325 655,608 69,197 184,931 195,406 160,319 229,067 1,494,528
595,137 16,779,084 14,995,611 983,160 998,274 830,135 604,675 673,833 19,085,688
17,883,484 328,782,347 217,754,048 17,027,718 11,063,660 16,089,117 22,684,508 15,581,988 300,201,040
(in million Rupiah)
Position as of 31 December 2022
Net Receivables Based on Region
Eastern Eastern
Total Jabodetabek East Java Central Java East Java Sumatera Total
Indonesia Indonesia
g h i j k l
- 79,685,050 76,465,930 - - - - - 76,465,930
- 12,544,588 8,121,593 2,693,212 - - 2,722,704 - 13,537,508
- - - - - - - - -
1,197,139 9,659,612 4,910,887 135,132 236,684 63,461 881,408 630,504 6,858,076
- - - - - - - - -
- 11,454,252 6,245,317 - 40,726 0 152,778 - 6,438,822
- 3,659 3,659 - - - - - 3,659
2,459,513 46,357,674 24,346,502 2,191,220 1,392,032 3,058,334 3,971,787 1,796,827 36,756,702
3,774,184 29,628,752 3,284,107 117,690 79,216 140,481 300,350 849,165 4,771,008
- - - - - - - - -
- - - - - - - - -
4,003,366 37,549,118 15,133,331 1,568,088 1,096,904 1,666,100 1,871,720 1,605,655 22,941,799
6,794,733 89,955,458 65,586,392 9,983,425 7,488,777 10,541,465 12,685,518 10,690,500 116,976,077
176,878 1,855,258 671,431 80,598 191,755 199,917 167,879 233,586 1,545,166
595,137 17,427,848 15,561,029 983,160 998,274 830,135 604,675 673,833 19,651,106
19,000,950 336,121,269 220,330,178 17,752,526 11,524,369 16,499,893 23,358,818 16,480,069 305,945,854
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Table 5.d. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Net Claims Based on Economic Sector
i. Bank Only
Receivables
Receivables
From
From
Securities
Receivables Receivables Multilateral Receivables
Receivables Companies
No. Economic Sector From From Public Development From Covered
From Banks and Other
Government Sector Entities Banks and Bonds
Financial
International
Service
Institutions
Institutions
a b c d e f g h
Position as of 31 December 2023
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 123,946 - - - -
3 Manufacturing - 523,376 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,590,451 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 2,820,140 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,510,732 - - - -
9 Accommodation and Supply of - - - - - -
Food and Beverages
10 Information and Communication - 111,075 - - - -
11 Finance and Insurance Activities 934,389 - - 2,920,105 - 7,153,786
12 Real Estate - - - - - -
13 Professional, Scientific, and - - - - - -
Technical Activities
14 Rental and Leasing Activities - - - - - -
without Option Rights,
Employment, Travel Agencies, and
Other Business Support
15 Government Administration, - - - - - -
Defence, and Mandatory Social
Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - 8 - 379 - 3,674
24 Others 78,750,661 864,861 - 6,538,766 - 4,296,792
Total 79,685,050 12,544,588 - 9,459,250 - 11,454,252
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(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Loans Land From Micro,
Subordinated Receivables
Secured by Secured by Processing Employee/ Small Past Due
Securities, From Other Assets
Residential Commercial and/or Retiree Loans Business, Loans
Equity, and Corporations
Properties Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 84,977 1,144,243 - - 1,788,994 9,253,372 65,993 -
- 350 502,662 - - 124,024 3,981,933 - -
- 1,457,674 6,664,754 - - 1,124,828 28,060,741 198,572 -
- 4,955 17,634 - - 1,309 337,961 - -
- 45,675 24,359 - - 7,900 26,880 10,900 -
- 455,215 532,683 - - 186,479 4,116,209 36,314 -
- 4,442,277 9,731,628 - - 2,010,738 14,408,382 465,795 -
- 311,992 940,183 - - 114,246 1,191,873 12,536 -
- 107,304 1,449,730 - - 55,844 1,640,930 17,961 -
- 218,203 1,312,580 - - 44,812 9,155,579 - -
- - 2,477 - - 799,294 195,233 3,504 -
- 42,646 2,625,909 - - 108,882 5,007,396 158,682 -
- 358,928 530,716 - - 145,920 1,965,622 23,614 -
- 70,360 392,684 - - 59,867 1,819,899 1,370 -
- - - - - - - - -
- 3,451 31,480 - - 15,232 - - -
- 60,721 530,031 - - 25,830 73,378 - -
- - - - - - - - -
- 72,599 136,754 - - 16,659 9,485 4,704 -
- 14,057 20,078 - - 2,506 - - -
- - - - - - - - -
- 38,606,168 3,038,169 - - 13,405,895 3,969 750,564 -
- 120 - - - 10,977,024 79,088 58,816 -
3,659 - - - - 309,543 8,406,960 - 16,779,084
3,659 46,357,674 29,628,752 - - 31,325,824 89,734,891 1,809,325 16,779,084
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Receivables
Receivables
From
From
Securities
Receivables Receivables Multilateral Receivables
Receivables Companies
No. Economic Sector From From Public Development From Covered
From Banks and Other
Government Sector Entities Banks and Bonds
Financial
International
Service
Institutions
Institutions
a b c d e f g h
Position as of 31 December 2022
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 886,401 - - - -
3 Manufacturing - 1,391,043 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 4,205,947 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 4,215,071 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,252,984 - - - 0
9 Accommodation and Supply of - - - - - 5
Food and Beverages
10 Information and Communication - 220,318 - - - -
11 Finance and Insurance Activities - - - 2,023,899 - 3,621,166
12 Real Estate - - - - - -
13 Professional, Scientific, and - - - - - 1,906
Technical Activities
14 Rental and Leasing Activities - - - - - -
without Option Rights,
Employment, Travel Agencies, and
Other Business Support
15 Government Administration, - - - - - -
Defence, and Mandatory Social
Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - - - - - -
24 Others 76,465,930 365,744 - 4,807,611 - 2,815,745
Total 76,465,930 13,537,508 - 6,831,509 - 6,438,822
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(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Loans Land From Micro,
Subordinated Receivables
Secured by Secured by Processing Employee/ Small Past Due
Securities, From Other Assets
Residential Commercial and/or Retiree Loans Business Loans
Equity, and Corporations
Properties Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- - 305 - - 1,583 11,298,898 72,809 -
- - - - - 6 2,749,874 6,582 -
- - 153,871 - - 18,151 34,575,396 237,494 -
- - - - - - 434,086 - -
- - 168 - - 820 126,599 4,218 -
- - 13,643 - - 8,020 5,632,863 52,843 -
- - 91,771 - - 58,605 24,143,118 525,157 -
- - 10,713 - - 8,950 1,989,032 7,411 -
- - 1,418,305 - - 3,197 3,003,862 111,567 -
- - 47,436 - - 2,114 8,855,080 12,951 -
- - 11,518 - - - 1,670,598 3,128 -
- - 1,878,778 - - - 3,213,093 12,795 -
- - 68,084 - - 8,654 2,717,997 13,425 -
- - 1,238 - - 1,736 1,653,491 9,171 -
- - - - - - - - -
- - 845 - - 388 40,283 - -
- - - - - - 691,914 2,289 -
- - - - - - 6 - -
- - - - - 1,039 139,172 1,426 -
- - - - - - 30,293 - -
- - - - - - - - -
- 36,756,702 1,074,333 - - 9,857,919 4,292,174 388,095 -
- - - - - 7,905,975 672,270 33,167 -
3,659 - - - - 457,804 8,550,624 - 19,085,688
3,659 36,756,702 4,771,008 - - 18,334,961 116,480,723 1,494,528 19,085,688
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
ii. Bank Consolidated with Subsidiaries
Receivables
Receivables
From
From
Securities
Receivables Receivables Multilateral Receivables
Receivables Companies
No. Economic Sector From From Public Development From Covered
From Banks and Other
Government Sector Entities Banks and Bonds
Financial
International
Service
Institutions
Institutions
a b c d e f g h
Position as of 31 December 2023
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 123,946 - - - -
3 Manufacturing - 523,376 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 5,590,451 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 2,820,140 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,510,732 - - - -
9 Accommodation and Supply of - - - - - -
Food and Beverages
10 Information and Communication - 111,075 - - - -
11 Finance and Insurance Activities 934,389 - - 2,920,105 - 7,153,786
12 Real Estate - - - - - -
13 Professional, Scientific, and - - - - - -
Technical Activities
14 Rental and Leasing Activities - - - - - -
without Option Rights,
Employment, Travel Agencies, and
Other Business Support
15 Government Administration, - - - - - -
Defence, and Mandatory Social
Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - 8 - 379 - 3,674
24 Others 78,750,661 864,861 - 6,739,128 - 4,296,792
Total 79,685,050 12,544,588 - 9,659,612 - 11,454,252
304 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Loans Land From Micro,
Subordinated Receivables
Secured by Secured by Processing Employee/ Small Past Due
Securities, From Other Assets
Residential Commercial and/or Retiree Loans Business, Loans
Equity, and Corporations
Properties Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- 84,977 1,144,243 - - 1,788,994 9,253,372 65,993 -
- 350 502,662 - - 124,024 3,981,933 - -
- 1,457,674 6,664,754 - - 1,124,828 28,060,741 198,572 -
- 4,955 17,634 - - 1,309 337,961 - -
- 45,675 24,359 - - 7,900 26,880 10,900 -
- 455,215 532,683 - - 186,479 4,116,209 36,314 -
- 4,442,277 9,731,628 - - 2,010,738 14,408,382 465,795 -
- 311,992 940,183 - - 114,246 1,191,873 12,536 -
- 107,304 1,449,730 - - 55,844 1,640,930 17,961 -
- 218,203 1,312,580 - - 44,812 9,155,579 - -
- - 2,477 - - 799,294 195,233 3,504 -
- 42,646 2,625,909 - - 108,882 5,007,396 158,682 -
- 358,928 530,716 - - 145,920 1,965,622 23,614 -
- 70,360 392,684 - - 59,867 1,819,899 1,370 -
- - - - - - - - -
- 3,451 31,480 - - 15,232 - - -
- 60,721 530,031 - - 25,830 73,378 - -
- - - - - - - - -
- 72,599 136,754 - - 16,659 9,485 4,704 -
- 14,057 20,078 - - 2,506 - - -
- - - - - - - - -
- 38,606,168 3,038,169 - - 19,629,189 224,535 796,498 -
- 120 - - - 10,977,024 79,088 58,816 -
3,659 - - - - 309,543 8,406,960 - 17,427,848
3,659 46,357,674 29,628,752 - - 37,549,118 89,955,458 1,855,258 17,427,848
PT Bank CIMB Niaga Tbk | 2023 Annual Report 305
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Receivables
Receivables
From
From
Securities
Receivables Receivables Multilateral Receivables
Receivables Companies
No. Economic Sector From From Public Development From Covered
From Banks and Other
Government Sector Entities Banks and Bonds
Financial
International
Service
Institutions
Institutions
a b c d e f g h
Position as of 31 December 2022
1 Agriculture, Forestry, and Fisheries - - - - - -
2 Mining and Excavation - 886,401 - - - -
3 Manufacturing - 1,391,043 - - - -
4 Electricity, Gas, Steam/Hot and Cold - 4,205,947 - - - -
Water
5 Water Management, Waste Water - - - - - -
Management, Waste Management
and Recycling
6 Construction - 4,215,071 - - - -
7 Wholesale and Retail Trading; Car - - - - - -
and Motorcycle Reparation and
Maintenance
8 Transport and Warehouse - 2,252,984 - - - 0
9 Accommodation and Supply of - - - - - 5
Food and Beverages
10 Information and Communication - 220,318 - - - -
11 Finance and Insurance Activities - - - 2,023,899 - 3,621,166
12 Real Estate - - - - - -
13 Professional, Scientific, and - - - - - 1,906
Technical Activities
14 Rental and Leasing Activities - - - - - -
without Option Rights,
Employment, Travel Agencies, and
Other Business Support
15 Government Administration, - - - - - -
Defence, and Mandatory Social
Security
16 Education - - - - - -
17 Human Health Activities and Social - - - - - -
Activities
18 Arts, Entertainment, and Recreation - - - - - -
19 Other Service Activities - - - - - -
20 Household Activities as Employer; - - - - - -
Activities that Produce Goods and
Services by Households that are
Used to Meet Own Needs
21 Activities of International Agencies - - - - - -
and Other Extra International
Agencies
22 Households - - - - - -
23 Non-Business Activities - - - - - -
24 Others 76,465,930 365,744 - 4,834,177 - 2,815,745
Total 76,465,930 13,537,508 - 6,858,076 - 6,438,822
306 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 305
Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Receivables
Acquisition, Receivables
From
Loans Loans Land From Micro,
Subordinated Receivables
Secured by Secured by Processing Employee/ Small Past Due
Securities, From Other Assets
Residential Commercial and/or Retiree Loans Business, Loans
Equity, and Corporations
Properties Properties Construction and Retail
Other Capital
Loans Portfolio
Instruments
i j k l m n o p q
- - 305 - - 1,583 11,298,898 72,809 -
- - - - - 6 2,749,874 6,582 -
- - 153,871 - - 18,151 34,575,396 237,494 -
- - - - - - 434,086 - -
- - 168 - - 820 126,599 4,218 -
- - 13,643 - - 8,020 5,632,863 52,843 -
- - 91,771 - - 58,605 24,143,118 525,157 -
- - 10,713 - - 8,950 1,989,032 7,411 -
- - 1,418,305 - - 3,197 3,003,862 111,567 -
- - 47,436 - - 2,114 8,855,080 12,951 -
- - 11,518 - - - 1,670,598 3,128 -
- - 1,878,778 - - - 3,213,093 12,795 -
- - 68,084 - - 8,654 2,717,997 13,425 -
- - 1,238 - - 1,736 1,653,491 9,171 -
- - - - - - - - -
- - 845 - - 388 40,283 - -
- - - - - - 691,914 2,289 -
- - - - - - 6 - -
- - - - - 1,039 139,172 1,426 -
- - - - - - 30,293 - -
- - - - - - - - -
- 36,756,702 1,074,333 - - 14,464,757 4,787,528 438,734 -
- - - - - 7,905,975 672,270 33,167 -
3,659 - - - - 457,804 8,550,624 0 19,651,106
3,659 36,756,702 4,771,008 - - 22,941,799 116,976,077 1,545,166 19,651,106
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Table 5.e. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Net Claims by Remaining Term of Contract
i. Bank Only
Position as of 31 December 2023
Net receivables by contractual remaining maturity
No. Portfolio Category
< 1 year > 1 - 3 years > 3 - 5 years > 5 years
a b c d e f
1 Claims on Government 40,385,610 18,824,405 6,549,700 13,925,335
2 Claims on Public Sector Entities 762,292 2,893,128 1,380,549 7,508,619
3 Claims on Multilateral Development Banks and International - - - -
Institutions
4 Claims on Banks 5,755,158 1,034,945 734,293 1,934,853
5 Claims in Covered Bonds - - - -
6 Claims on Securities Companies and Other Financial Service 5,967,690 3,944,321 1,528,869 13,372
Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital - - - -
Instruments
8 Loans Secured by Residential Properties 6,873,179 2,099,914 4,648,919 32,735,662
9 Loans Secured by Commercial Properties 16,352,220 2,403,316 4,407,156 6,466,060
10 Land Acquisition, Land Processing, and/or Construction Loans - - - -
11 Employee/Retiree Loans - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 9,766,819 10,361,320 6,761,190 4,436,494
13 Claims on Corporations 46,241,067 16,902,015 13,519,840 13,071,969
14 Past Due Loans 790,434 267,239 133,392 618,259
15 Other Assets 733,365 - - -
Total 133,627,835 58,730,605 39,663,908 80,710,623
ii. Bank Consolidated with Subsidiaries
Position as of 31 December 2023
Net receivables by contractual remaining maturity
No. Portfolio Category
< 1 year > 1 - 3 years > 3 - 5 years > 5 years
a b c d e f
1 Claims on Government 40,385,610 18,824,405 6,549,700 13,925,335
2 Claims on Public Sector Entities 762,292 2,893,128 1,380,549 7,508,619
3 Claims on Multilateral Development Banks and International - - - -
Institutions
4 Claims on Banks 5,955,521 1,034,945 734,293 1,934,853
5 Claims in Covered Bonds - - - -
6 Claims on Securities Companies and Other Financial Service 5,967,690 3,944,321 1,528,869 13,372
Institutions
7 Claims in Subordinated Securities, Equity, and Other Capital - - - -
Instruments
8 Loans Secured by Residential Properties 6,873,179 2,099,914 4,648,919 32,735,662
9 Loans Secured by Commercial Properties 16,352,220 2,403,316 4,407,156 6,466,060
10 Land Acquisition, Land Processing, and/or Construction Loans - - - -
11 Employee/Retiree Loans - - - -
12 Claims on Micro, Small Business, and Retail Portfolio 10,113,095 12,540,324 10,349,518 4,546,180
13 Claims on Corporations 46,264,040 17,026,025 13,590,097 13,075,295
14 Past Due Loans 792,800 280,501 159,378 622,579
15 Other Assets 733,365 - - -
Total 134,199,812 61,046,880 43,348,480 80,827,955
308 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Position as of 31 December 2022
Net receivables by contractual remaining maturity
Non- Non-
Total < 1 year > 1 - 3 years > 3 - 5 years > 5 years Total
Contractual Contractual
g h i j k l m n
- 79,685,050 29,103,981 28,552,719 10,228,882 8,580,348 - 76,465,930
- 12,544,588 3,020,553 1,083,957 2,244,431 7,188,567 - 13,537,508
- - - - - - - -
- 9,459,250 4,590,762 615,953 864,947 759,847 - 6,831,509
- - - - - - - -
- 11,454,252 3,259,111 2,597,289 532,756 49,665 - 6,438,822
3,659 3,659 - - - - 3,659 3,659
- 46,357,674 137,878 1,380,508 4,035,533 31,202,783 - 36,756,702
- 29,628,752 87,222 444,766 1,138,033 3,100,987 - 4,771,008
- - - - - - - -
- - - - - - - -
- 31,325,824 2,767,462 7,662,351 6,379,986 1,525,163 - 18,334,961
- 89,734,891 66,636,343 13,159,864 19,210,391 17,474,125 - 116,480,723
- 1,809,325 863,449 249,419 103,269 278,391 - 1,494,528
16,045,718 16,779,084 998,040 - - - 18,087,649 19,085,688
16,049,377 328,782,347 111,464,801 55,746,826 44,738,228 70,159,877 18,091,308 300,201,040
(in million Rupiah)
Position as of 31 December 2022
Net receivables by contractual remaining maturity
Non- Non-
Total < 1 year > 1 - 3 years > 3 - 5 years > 5 years Total
Contractual Contractual
g h i j k l m n
- 79,685,050 29,103,981 28,552,719 10,228,882 8,580,348 - 76,465,930
- 12,544,588 3,020,553 1,083,957 2,244,431 7,188,567 - 13,537,508
- - - - - - - -
- 9,659,612 4,617,329 615,953 864,947 759,847 - 6,858,076
- - - - - - - -
- 11,454,252 3,259,111 2,597,289 532,756 49,665 - 6,438,822
3,659 3,659 - - - - 3,659 3,659
- 46,357,674 137,878 1,380,508 4,035,533 31,202,783 - 36,756,702
- 29,628,752 87,222 444,766 1,138,033 3,100,987 - 4,771,008
- - - - - - - -
- - - - - - - -
- 37,549,118 3,710,650 10,082,689 7,623,031 1,525,429 - 22,941,799
- 89,955,458 66,772,393 13,429,542 19,300,017 17,474,125 - 116,976,077
- 1,855,258 870,175 267,394 129,206 278,391 - 1,545,166
16,694,483 17,427,848 998,040 - - - 18,653,067 19,651,106
16,698,142 336,121,269 112,577,332 58,454,817 46,096,836 70,160,143 18,656,726 305,945,854
PT Bank CIMB Niaga Tbk | 2023 Annual Report 309
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Table 5.f. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Receivables and Provisions by Region
i. Bank Only
Position as of 31 December 2023
Region
No. Description
Jabodetabek East Java Central Java East Java Sumatera
a b c d e
1 Receivables
2 Impaired Receivables
a. Non-Past Due 16,027,568 1,118,396 755,735 1,691,860 973,003
b. Past Due 2,145,031 240,707 401,099 555,249 448,872
3 Provisions 1,449,242 32,122 23,412 161,764 29,740
Stage 1
4 Provisions 1,075,070 65,871 44,633 206,224 39,066
Stage 2
5 Provisions 7,174,943 144,099 278,017 722,443 264,942
Stage 3
6 Receivables Written-Off 1,354,937 63,765 513,284 151,915 51,135
ii. Bank on a Consolidated Basis with Subsidiaries
Position as of 31 December 2023
Region
No. Description
Jabodetabek East Java Central Java East Java Sumatera
a b c d e
1 Receivables
2 Impaired Receivables
a. Non-Past Due 22,511,496 1,118,396 755,735 1,691,860 973,003
b. Past Due 2,225,279 240,707 401,099 555,249 448,872
3 Provisions 1,545,801 32,122 23,412 161,764 29,740
Stage 1
4 Provisions 1,089,085 65,871 44,633 206,224 39,066
Stage 2
5 Provisions 7,206,145 144,099 278,017 722,443 264,942
Stage 3
6 Receivables Written-Off 1,617,054 63,765 513,284 151,915 51,135
310 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Position as of 31 December 2022
Region
Eastern Eastern
Total Jabodetabek East Java Central Java East Java Sumatera Total
Indonesia Indonesia
g h i j k l
588,307 21,154,869 19,222,738 1,771,681 1,885,820 2,836,133 1,729,908 1,040,313 28,486,593
228,856 4,019,814 2,660,411 200,519 1,187,790 664,278 443,916 228,617 5,385,531
16,895 1,713,175 1,118,059 14,092 22,778 27,658 18,183 10,940 1,211,710
40,397 1,471,261 1,245,888 94,492 69,668 375,496 67,216 64,586 1,917,346
136,827 8,721,271 7,631,478 163,094 1,033,819 641,942 323,462 163,999 9,957,794
59,024 2,194,060 1,624,612 101,241 202,730 337,136 68,056 41,415 2,375,190
(in million Rupiah)
Position as of 31 December 2022
Region
Eastern Eastern
Total Jabodetabek East Java Central Java East Java Sumatera Total
Indonesia Indonesia
g h i j k l
588,307 27,638,797 24,415,251 1,771,681 1,885,820 2,836,133 1,729,908 1,040,313 33,679,106
228,856 4,100,062 2,731,262 200,519 1,187,790 664,278 443,916 228,617 5,456,382
16,895 1,809,734 1,182,650 14,092 22,778 27,658 18,183 10,940 1,276,301
40,397 1,485,276 1,261,630 94,492 69,668 375,496 67,216 64,586 1,933,088
136,827 8,752,473 7,661,680 163,094 1,033,819 641,942 323,462 163,999 9,987,996
59,024 2,456,177 1,785,926 101,241 202,730 337,136 68,056 41,415 2,536,504
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
Table 5.g. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Receivables and Provisions based on Economic Sector
i. Bank Only
No. Economic Sector
a b
Position as of 31 December 2023
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water, and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
No. Economic Sector
a b
Position as of 31 December 2022
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
312 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 311
Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-Past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,980,043 1,154,227 87,270 6,063 9,092 21,403 -
3,045,194 129,039 15,013 1,491 127,695 15,013 -
38,286,008 8,354,907 932,714 74,515 224,003 4,502,150 -
5,840,486 - - 39,376 - - -
118,113 20,684 15,547 141 444 7,734 -
8,447,523 807,068 124,104 307,511 8,822 874,340 -
29,002,195 2,786,001 1,055,737 196,339 145,259 693,698 -
5,021,443 242,488 39,933 8,346 670 223,396 -
3,834,702 1,287,659 164,923 10,695 112,404 696,628 -
10,779,019 1,044,378 31,091 36,858 - 765,766 -
11,134,223 20,151 26,739 24,749 10,779 23,247 -
8,030,487 1,448,393 333,072 1,172 99,325 174,390 -
2,597,904 317,186 37,968 3,059 8,688 15,228 -
2,264,175 535,321 17,616 258,768 10,963 38,280 -
- - - - - - -
46,316 - - 40 - - -
603,930 40,282 - 2,955 6,894 - -
- - - - - - -
224,841 33,949 7,436 937 3,505 2,732 -
36,247 4,999 - 4 696 - -
- - - - - - -
56,038,053 2,405,984 1,020,753 298,016 414,805 580,018 -
9,474,792 522,153 109,898 442,140 287,217 87,248 2,194,060
- - - - - - -
206,805,694 21,154,869 4,019,814 1,713,175 1,471,261 8,721,271 2,194,060
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-Past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,185,251 1,218,350 103,530 4,627 198,299 156,215 -
2,410,790 156,506 16,526 9,265 - 159,000 -
37,863,727 9,770,030 1,196,670 34,275 230,793 4,978,479 -
4,611,807 8,019 - 33,134 638 - -
135,627 31,343 7,869 49 2,239 3,651 -
10,171,762 677,931 147,375 316,896 143,336 94,696 -
25,988,448 4,318,403 1,908,370 48,431 365,676 1,647,565 -
4,259,896 317,667 37,978 4,307 7,232 226,631 -
4,883,723 2,424,466 263,305 1,548 79,971 484,788 -
9,169,442 1,179,451 50,876 26,833 2,689 739,854 -
7,355,802 45,000 264,832 19,231 14,115 267,729 -
PT Bank CIMB Niaga Tbk | 2023 Annual Report 313
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Perfomance Management Company Management Risk
Highlight Report Profile Discussion & Analysis Management
No. Economic Sector
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
ii. Bank on a Consolidated Basis with Subsidiaries
No. Economic Sector
a b
Position as of 31 December 2023
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
314 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 313
Supporting Business Good Corporate Corporate Social Corporate Financial
Report Governance Responsibilities Data Statement
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-Past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
5,153,597 2,732,012 44,778 359 100,925 244,906 -
2,665,309 390,262 25,790 3,204 26,680 12,379 -
1,871,642 818,356 41,883 4,828 265,199 57,228 -
- - - - - - -
41,444 14,811 - 6 19 - -
613,147 23,392 3,300 865 656 1,011 -
6 - - - - - -
145,311 25,873 2,636 112 3,768 1,209 -
31,259 - - 998 - - -
- - - - - - -
53,363,757 4,076,863 1,121,962 171,112 525,873 836,278 -
9,425,904 257,858 147,851 531,630 (50,762) 46,175 2,375,190
- - - - - - -
191,347,651 28,486,593 5,385,531 1,211,710 1,917,346 9,957,794 2,375,190
(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-Past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,980,043 1,154,227 87,270 6,063 9,092 21,403 -
3,045,194 129,039 15,013 1,491 127,695 15,013 -
38,286,008 8,354,907 932,714 74,515 224,003 4,502,150 -
5,840,486 - - 39,376 - - -
118,113 20,684 15,547 141 444 7,734 -
8,447,523 807,068 124,104 307,511 8,822 874,340 -
29,002,195 2,786,001 1,055,737 196,339 145,259 693,698 -
5,021,443 242,488 39,933 8,346 670 223,396 -
3,834,702 1,287,659 164,923 10,695 112,404 696,628 -
10,779,019 1,044,378 31,091 36,858 - 765,766 -
11,134,223 20,151 26,739 24,749 10,779 23,247 -
8,030,487 1,448,393 333,072 1,172 99,325 174,390 -
2,597,904 317,186 37,968 3,059 8,688 15,228 -
2,264,175 535,321 17,616 258,768 10,963 38,280 -
- - - - - - -
46,316 - - 40 - - -
603,930 40,282 - 2,955 6,894 - -
- - - - - - -
224,841 33,949 7,436 937 3,505 2,732 -
36,247 4,999 - 4 696 - -
- - - - - - -
56,038,053 2,405,984 1,020,753 298,016 414,805 580,018 -
9,474,792 522,153 109,898 442,140 287,217 87,248 2,456,177
6,564,176 6,483,928 80,248 96,559 14,015 31,202 -
213,369,870 27,638,797 4,100,062 1,809,734 1,485,276 8,752,473 2,456,177
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No. Economic Sector
a b
Position as of 31 December 2022
1 Agriculture, Forestry, and Fishery
2 Mining and Excavation
3 Manufacturing
4 Electricity, Gas, Steam/Hot Water and Cold Air
5 Water Management, Waste Water Management, Waste Management, and Remediation Activities
6 Construction
7 Wholesale and Retail Trading; Car and Motorcycle Reparation, and Maintenance
8 Transport and Warehouse
9 Accommodation and Supply of Food and Beverages
10 Information and Communication
11 Finance and Insurance Activities
12 Real Estate
13 Professional, Scientific, and Technical Activities
14 Rental and Leasing Activities without Option Rights, Employment, Travel Agencies, and Other Business Support
15 Government Administration, Defence, and Mandatory Social Security
16 Education
17 Human Health Activities and Social Activities
18 Arts, Entertainment, and Recreation
19 Other Service Activities
20 Household Activities as Employer; Activities that Produce Goods and Services by Households that are Used to Meet Own Needs
21 Activities of International Agencies and Other Extra International Agencies
22 Households
23 Non-Business Activities
24 Others
Total
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(in million Rupiah)
Impaired Receivables Provisions Provisions Provisions Receivables
Receivables
Non-Past Due Past Due Stage 1 Stage 2 Stage 3 Written-Off
c d e f g h i
11,185,251 1,218,350 103,530 4,627 198,299 156,215 -
2,410,790 156,506 16,526 9,265 - 159,000 -
37,863,727 9,770,030 1,196,670 34,275 230,793 4,978,479 -
4,611,807 8,019 - 33,134 638 - -
135,627 31,343 7,869 49 2,239 3,651 -
10,171,762 677,931 147,375 316,896 143,336 94,696 -
25,988,448 4,318,403 1,908,370 48,431 365,676 1,647,565 -
4,259,896 317,667 37,978 4,307 7,232 226,631 -
4,883,723 2,424,466 263,305 1,548 79,971 484,788 -
9,169,442 1,179,451 50,876 26,833 2,689 739,854 -
7,355,802 45,000 264,832 19,231 14,115 267,729 -
5,153,597 2,732,012 44,778 359 100,925 244,906 -
2,665,309 390,262 25,790 3,204 26,680 12,379 -
1,871,642 818,356 41,883 4,828 265,199 57,228 -
- - - - - - -
41,444 14,811 - 6 19 - -
613,147 23,392 3,300 865 656 1,011 -
6 - - - - - -
145,311 25,873 2,636 112 3,768 1,209 -
31,259 - - 998 - - -
- - - - - - -
53,363,757 4,076,863 1,121,962 171,112 525,873 836,278 -
9,425,904 257,858 147,851 531,630 (50,762) 46,175 2,536,504
5,263,364 5,192,513 70,851 64,591 15,742 30,202 -
196,611,015 33,679,106 5,456,382 1,276,301 1,933,088 9,987,996 2,536,504
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Table 5.h. Additional Disclosure relating to Loan Quality on Asset (CRB) -
Disclosure of Past Due Loans Based on Outstanding Days
i. Bank Only
Position as of 31 December 2023
Past Due Loans Based on Outstanding Days
No. Type of Exposure
> 90 days to 120 days > 120 days to 180 days
a b c d
1 Loans included in Past Due Loans 454,824 715,645
2 Securities included in Past Due Loans - -
Total 454,824 715,645
ii. Bank on a Consolidated Basis with Subsidiaries
Position as of 31 December 2023
Past Due Loans Based on Outstanding Days
No. Type of Exposure
> 90 days to 120 days > 120 days to 180 days
a b c d
1 Loans included in Past Due Loans 482,810 760,490
2 Securities included in Past Due Loans - -
Total 482,810 760,490
Table 5.i. Additional Disclosures Relating to Treatment of Non-Performing Assets (CRB-A) -
Disclosure of Performing and Non Performing Assets
i. Bank Only
Performing
(Quality of L and TPF)
No. Component
Gross Fair Value Provisions
a b
1 Securities 79,984,600 2,865
2 Loans
a. Corporate 138,403,684 7,866,194
b. Retail 64,324,707 1,413,402
3 Administrative Account Transactions 104,188,705 321,260
ii. Bank on a Consolidated Basis with Subsidiaries
Performing
(Quality of L and TPF)
No. Component
Gross Fair Value Provisions
a b
1 Securities 79,984,600 2,865
2 Loans
a. Corporate 144,887,612 7,974,897
b. Retail 64,324,707 1,413,402
3 Administrative Account Transactions 104,188,705 321,260
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(in million Rupiah)
Position as of 31 December 2022
Past Due Loans Based on Outstanding Days
> 90 days to 120 > 120 days to 180
> 180 days Total > 180 days Total
days days
e f g h i j
2,906,834 4,077,303 719,553 618,588 4,047,390 5,385,531
15,000 15,000 - - 15,000 15,000
2,921,834 4,092,303 719,553 618,588 4,062,390 5,400,531
(in million Rupiah)
Position as of 31 December 2022
Past Due Loans Based on Outstanding Days
> 90 days to 120 > 120 days to 180
> 180 days Total > 180 days Total
days days
e f g h i j
2,914,251 4,157,551 745,675 662,601 4,048,106 5,456,382
15,000 15,000 - - 15,000 15,000
2,929,251 4,172,551 745,675 662,601 4,063,106 5,471,382
(in million Rupiah)
Non Performing
(Quality of KL, D, M)
Receivables that are Not Impaired
Impaired Receivables
Past Due for > 90 days Past due for ≤ 90 days
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
c d e f g h
15,000 36,295 - - - -
2,889,163 1,930,073 - - - -
1,188,140 696,038 - - - -
53,226 66,108 - - - -
(in million Rupiah)
Non Performing
(Quality of KL, D, M)
Receivables that are Not Impaired
Impaired Receivables
Past Due for > 90 days Past due for ≤ 90 days
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
c d e f g h
15,000 36,295 - - - -
2,969,411 1,963,145 - - - -
1,188,140 696,038 - - - -
53,226 66,108 - - - -
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Table 5.j. Additional Disclosures Relating to Treatment of Non-Performing Assets (CRB-A) -
Disclosure of Performing and Non Performing Restructuring Assets
i. Bank Only
Performing Non Performing
(Quality of L and TPF) (Quality of KL, D, M)
No. Component
Gross Fair Value Provisions Gross Fair Value Provisions
a b c d
1 Securities 79,984,600 2,865 15,000 36,295
2 Loans
a. Corporate 138,403,684 7,866,190 2,889,163 1,930,073
b. Retail 64,324,707 1,413,402 1,188,140 696,042
3 Administrative Account Transactions 104,188,705 321,260 53,226 66,108
ii. Bank on a Consolidated Basis with Subsidiaries
Performing Non Performing
(Quality of L and TPF) (Quality of KL, D, M)
No. Component
Gross Fair Value Provisions Gross Fair Value Provisions
a b c d
1 Securities 79,984,600 2,865 15,000 36,295
2 Loans - - - -
a. Corporate 144,887,612 8,007,966 2,969,411 1,930,073
b. Retail 64,324,707 1,413,402 1,188,140 696,042
3 Administrative Account Transactions 104,188,705 321,260 53,226 66,108
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(in million Rupiah)
Stage 1 Stage 2 Stage 3
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
e f g h i j
79,918,822 2,865 - - 49,984 36,295
120,176,952 973,022 11,490,029 769,239 9,625,866 8,054,006
62,059,577 1,100,739 2,388,078 422,993 1,065,193 585,708
103,790,806 321,260 397,899 29,690 53,226 36,418
(in million Rupiah)
Stage 1 Stage 2 Stage 3
Gross Fair Value Provisions Gross Fair Value Provisions Gross Fair Value Provisions
e f g h i j
79,918,822 2,865 - - 49,984 36,295
- - - - - -
126,625,003 1,069,580 11,557,163 769,239 9,674,857 8,054,006
62,059,577 1,100,739 2,388,078 437,008 1,065,193 616,910
103,790,806 321,260 397,899 29,690 53,226 36,418
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CREDIT RISK DISCLOSURE BASED ON RATING AGENCIES
STANDARD APPROACH CIMB Niaga adopts the latest ratings published by rating
In relation to capital, credit risk is measured based on agencies that have been recognized by the Financial
Risk Weighted Assets (RWA) for Credit through one Services Authority. Based on OJK Circular Letter No.
reporting module Credit RWA application, whereby the 37/SEOJK.03/2016 dated September 8, 2016 regarding
Bank adopts Basel 3 Reform method based on Financial Rating Agencies and Ratings recognized by the Financial
Services Authority Circular Letter No. 24/SEOJK.03/2021 Services Authority, as well as the OJK website as of
concerning the calculation of risk-weighted assets for December 31, 2023, they include Fitch Ratings, Moody’s
credit risk using a standard approach for commercial Investor Service, Standard and Poor’s, PT Fitch Rating
banks. Indonesia, and PT Pemeringkat Efek Indonesia.
In addition, CIMB Niaga has implemented Financial DISCLOSURE OF COUNTERPARTY CREDIT RISK
Services Authority Circular Letter No.48/SEOJK.03/2017 Counterparty credit risk refers to the risk stemming
regarding Guidelines for Calculating Net Receivables from the counterparty’s inability to fulfill its obligations
for Derivative Transactions in Calculating Risk-Weighted to the Bank concerning Treasury transactions, which
Assets for Credit Risk Using the Standard Approach (SA- are affected by changes in fair value or market value
CCR). due to fluctuations in specific market variables. This
risk encompasses Over The Counter (OTC) derivative
POLICY ON RATINGS USED IN RWA CALCULATION transactions as well as repo or reverse repo transactions.
FOR CREDIT RISK
In accordance with the standard approach for credit The Bank manages counterparty credit risk from trading
risk measurement methodology, RWA calculations are activities, derivatives, and Repo and Reverse Repo
generally based on ratings published by external rating transactions in accordance with standard operating
agencies. policies and procedures established by the Bank by
considering the level of risk commensurate with returns
Based on Financial Services Authority Regulations, credit and by ensuring the impact of the Bank’s capital adequacy
exposures included in standard credit Risk Weighted at all times. The counterparty credit risk exposure limit is
Assets (RWA) calculations include: determined based on the suitability of the counterparty
• Exposure on assets on the balance sheet as well as which is determined based on the internal rating and
liabilities and contingencies in administrative account the tenor of the transactions being offered. The Bank
transactions, excluding trading book positions strictly monitors counterparty credit risk exposure based
accounted for in market risk RWA and investments on methods established in internal policies. Credit risk
accounted for as capital deduction factors. exposure is monitored and if a counterparty’s credit limit
• Exposures resulting from counterparties whose net is exceeded, it will be escalated by an independent unit.
claims are calculated using the SA-CCR method. Credit risk mitigation includes, among others, assessing
• Exposure on sales and purchase transactions of the feasibility of counterparty requests and requiring
financial instruments which may lead to credit risk cash collateral if deemed necessary.
owing to settlement failures.
DISCLOSURE OF CREDIT RISK MITIGATION
CATEGORIES OF PORTFOLIO ADOPTING EXTERNAL BASED ON STANDARD APPROACH
RATINGS In accordance with Financial Services Authority Circular
Based on the standard approach, RWA calculations for Letter No. 24/SEOJK.03/2021 concerning Calculation
several portfolio categories are based on external ratings of Risk-Weighted Assets for Credit Risk Using Standard
and for some other risk categories, the risk weights have Approach for Commercial Banks, the Bank recognizes
been determined directly in accordance with regulatory collateral, warranty, or credit insurance as Credit Risk
requirements. However, many of them are is unrated Mitigation methods (MRK). The methods adopted by the
resulting to a more conservative weighting. The Bank Bank in MRK according to Circular Letter are as follows:
has also implemented the concept of due diligence in 1. MRK Method – Collateral
applying external rating data for calculating Credit RWA. 2. MRK Method – Warranty, and/or
Under this due diligence concept, the external rating 3. MRK Method - Credit Guarantee or Insurance
obtained will be compared with the internal rating
movement trend managed by the Bank.
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The type of eligible financial collateral recognized by the Bank under MRK Collateral Method refers to the relevant
provisions from the Regulator. In addition to the common MRK methods such as blockage of demand time deposits,
deposits, government securities, and/or security deposits, the Bank also accepts MRK in the form of guarantees issued
by the Ministry of Finance of the Republic of Indonesia for Indonesian government infrastructure projects.
QUANTITATIVE DISCLOSURE OF NET RECEIVABLES BASED ON RISK WEIGHT AFTER CALCULATING
THE IMPACT OF CREDIT RISK MITIGATION
Table 5.k. Quantitative Disclosures relating to Credit Risk Mitigation Techniques (CR3)
i. Bank Only (in million Rupiah)
Receivables Receivables Receivables
Receivables
not Secured Secured by Receivables Secured by
Secured
by Credit Risk Credit Risk Secured by Guarantee
Component by Credit
No. Mitigation Mitigation Collateral and/or Credit
Derivative
Techniques Techniques Insurance
a b c d e
1 Loans 184,133,883 12,679,168 8,057,781 4,621,387
2 Securities 58,859,933 - - -
3 Total 242,993,816 12,679,168 8,057,781 4,621,387
4 Loans and Securities that are Past Due 1,782,465 2,616 - 2,616
ii. Bank on a Consolidated Basis with Subsidiaries (in million Rupiah)
Receivables Receivables Receivables
Receivables
not Secured Secured by Receivables Secured by
Secured
by Credit Risk Credit Risk Secured by Guarantee
Component by Credit
No. Mitigation Mitigation Collateral and/or Credit
Derivative
Techniques Techniques Insurance
a b c d e
1 Loans 190,623,678 12,679,168 8,057,781 4,621,387
2 Securities 58,859,933 - - -
3 Total 249,483,610 12,679,168 8,057,781 4,621,387
4 Loans and Securities that are Past Due 1,828,399 2,616 - 2,616
Table 5.l. Disclosure of Credit Risk Exposure and Impact of Credit Risk Mitigation Techniques (CR4)
i. Bank Only (in million Rupiah)
Net Receivables Before the Net Receivables After the
Implementation of Credit Implementation of Credit
RWA and Average Risk Weight
Conversion Factor and Credit Conversion Factor and Credit
Risk Mitigation Techniques Risk Mitigation Techniques
No. Portfolio Category
Administrative Administrative Average Risk
Balance Sheet Account Balance Sheet Account RWA Weight
Transactions Transactions (e/(c+d))
a b c d e f
1 Claims on Government 79,675,200 98,500 79,675,200 9,850 - 0%
2 Claims on Public Sector 12,139,719 2,780,499 12,139,719 404,869 2,285,074 18%
Entities
3 Claims on Multilateral - - - - -
Development Banks and
International Institutions
4 Claims on Banks 9,277,851 959,833 9,277,851 181,399 2,469,358 26%
Claims on Securities 10,241,576 5,364,212 10,241,576 1,212,676 2,788,677 24%
Companies and Other
Financial Service
Institutions1)
5 Claims in Covered Bonds - - - - -
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i. Bank Only (in million Rupiah)
Net Receivables Before the Net Receivables After the
Implementation of Credit Implementation of Credit
RWA and Average Risk Weight
Conversion Factor and Credit Conversion Factor and Credit
Risk Mitigation Techniques Risk Mitigation Techniques
No. Portfolio Category
Administrative Administrative Average Risk
Balance Sheet Account Balance Sheet Account RWA Weight
Transactions Transactions (e/(c+d))
a b c d e f
6 Claims on Corporations - 73,867,487 56,479,545 73,867,487 12,671,385 74,288,346 86%
General Corporate Exposures2)
Claims on Securities - - - - -
Companies and Other
Financial Service
Institutions3)
Special Financing 3,052,610 600,518 3,052,610 143,410 3,576,151 112%
Exposure4)
7 Claims in Subordinated 3,659 - 3,659 - 9,148 250%
Securities, Equity, and Other
Capital Instruments
8 Claims on Micro, Small 28,717,032 23,390,053 28,717,032 2,608,792 21,688,532 69%
Business, and Retail Portfolio
9 Loans Secured by Properties - - - - -
Loans Secured by 38,702,729 18,577 38,702,729 1,858 17,012,612 44%
Residential Properties
where the Payments Are
Not Materially Dependant
on Property Cash Flow
Loans Secured by 7,383,960 2,681,267 7,383,960 269,127 5,149,274 67%
Residential Properties
where the Payments Are
Materially Dependant on
Property Cash Flow
Loans Secured by 3,224,880 1,100 3,224,880 110 2,380,076 74%
Commercial Properties
where the Payments Are
Not Materially Dependant
on Property Cash Flow
Loans Secured by 25,102,952 11,814,601 25,102,952 1,300,810 25,314,759 96%
Commercial Properties
where the Payments Are
Materially Dependant on
Property Cash Flow
Land Acquisition, Land - - - - -
Processing and/or
Construction Loans
10 Past Due Receivables 1,804,002 53,226 1,804,002 5,323 1,824,850 101%
11 Other Assets 16,779,084 - 16,779,084 - 12,905,702 77%
12 Total 309,972,739 104,241,932 309,972,739 18,809,608 171,692,560 52%
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ii. Bank on a Consolidated Basis with Subsidiaries (in million Rupiah)
Net Receivables Before the Net Receivables After the
Implementation of Credit Implementation of Credit
RWA and Average Risk Weight
Conversion Factor and Credit Conversion Factor and Credit
Risk Mitigation Techniques Risk Mitigation Techniques
No. Portfolio Category
Administrative Administrative Average Risk
Balance Sheet Account Balance Sheet Account RWA Weight
Transactions Transactions (e/(c+d))
a b c d e f
1 Claims on Government 79,675,200 98,500 79,675,200 9,850 - 0%
2 Claims on Public Sector 12,139,719 2,780,499 12,139,719 404,869 2,285,074 18%
Entities
3 Claims on Multilateral - - - - -
Development Banks and
International Institutions
4 Claims on Banks 9,478,213 959,833 9,478,213 181,399 2,569,539 27%
Claims on Securities 10,241,576 5,364,212 10,241,576 1,212,676 2,788,677 24%
Companies and Other
Financial Service
Institutions1)
5 Claims in Covered Bonds - - - - -
6 Claims on Corporations - 74,088,053 56,479,545 74,088,053 12,671,385 74,508,912 86%
General Corporate Exposures2)
Claims on Securities - - - - -
Companies and Other
Financial Service
Institutions3)
Special Financing 3,052,610 600,518 3,052,610 143,410 3,576,151 112%
Exposure4)
7 Claims in Subordinated 3,659 - 3,659 - 9,148 250%
Securities, Equity, and Other
Capital Instruments
8 Claims on Micro, Small 34,940,326 23,390,053 34,940,326 2,608,792 26,357,366 70%
Business, and Retail Portfolio
9 Loans Secured by Properties - - - - -
Loans Secured by 38,702,729 18,577 38,702,729 1,858 17,012,612 44%
Residential Properties
where the Payments Are
Not Materially Dependant
on Property Cash Flow
Loans Secured by 7,383,960 2,681,267 7,383,960 269,127 5,149,274 67%
Residential Properties
where the Payments Are
Materially Dependant on
Property Cash Flow
Loans Secured by 3,224,880 1,100 3,224,880 110 2,380,076 74%
Commercial Properties
where the Payments Are
Not Materially Dependant
on Property Cash Flow
Loans Secured by 25,102,952 11,814,601 25,102,952 1,300,810 25,314,759 96%
Commercial Properties
where the Payments Are
Materially Dependant on
Property Cash Flow
Land Acquisition, Land - - - - -
Processing and/or
Construction Loans
10 Past Due Receivables 1,849,936 53,226 1,849,936 5,323 1,862,532 100%
11 Other Assets 17,427,848 - 17,427,848 - 13,616,416 78%
12 Total 317,311,661 104,241,932 317,311,661 18,809,608 177,430,536 53%
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Table 5.m. Disclosure on Exposure by Asset Class and Risk Weight (CR5)
i. Bank Only
Portfolio Category 0% 20% 50%
1 Claims on Government 79,685,050 - -
Portfolio Category 20% 50%
2 Claims on Public Sector Entities 10,389,382 2,155,206
Portfolio Category 0% 20% 30%
3 Claims on Multilateral Development Banks - - -
and International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks 5,406,695 545,738 2,531,925 646,943
Claims on Securities Companies and 8,493,936 888,247 1,738,629 286,161
Other Financial Service Institutions1)
Portfolio Category 10% 15% 20% 25%
5 Claims in Covered Bonds - - - -
Portfolio Category 20% 50% 65%5) 75%
6 Claims on General Corporations2) 3,766,466 4,210,886 - 3,222,919
Claims on Securities Companies and - - - -
Other Financial Service Institutions3)
Special Financing Exposure4) - - -
Portfolio Category 100% 150%
7 Claims in Subordinated Securities, Equity, - -
and Other Capital Instruments
Portfolio Category 45% 75%
8 Claims on Micro, Small Business and Retail 1,690,716 22,773,707
Portfolio
Portfolio Category 0%5) 20% 25% 30% 35% 40% 45% 50%
9 Loans Secured by Properties
Loans Secured by Residential Properties - 7,736,151 3,722,388 10,331,364 - 3,723,293 - 847,384
where the Payments Are Not Materially
Dependant on Property Cash Flow
without loan sharing approach5) - - - - - -
with loan sharing approach - - - - - -
(guaranteed)5)"
with loan sharing approach - - - - - -
(guaranteed)5)
Loans Secured by Residential Properties - - - 721,941 441,431 - 1,544,538 -
where the Payments Are Materially
Dependant on Property Cash Flow
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Not Materially
Dependant on Property Cash Flow"
without loan sharing approach5) - - - - - -
with loan sharing approach - - - - - -
(guaranteed)5)
with loan sharing approach - - - - - -
(guaranteed)5)
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Materially
Dependant on Property Cash Flow
Land Acquisition, Land Processing and/or - - - - - -
Construction Loans5)
Net Receivables After the
Implementation of CCF
Portfolio Category 50% 100% 150% Others and Credit Risk Mitigation
Techniques
10 Past Due Loans 357,901 1,060,901 390,522 - 1,809,325
Net Receivables
After the
Implementation
Portfolio Category 0% 20% 100% 150% 1250%5) Lainnya of CCF and Credit
Risk Mitigation
Techniques
11 Other Assets 3,928,228 - 12,741,163 109,693 - - 16,779,084
326 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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(in million Rupiah)
Net Receivables After the Implementation of CCF and
100% 150% Others Credit Risk Mitigation Techniques
- - - 79,685,050
Net Receivables After the Implementation of CCF and
100% 150% Others Credit Risk Mitigation Techniques
12,544,588
Net Receivables After the Implementation of CCF
50% 100% 150% Others and Credit Risk Mitigation Techniques
- - -
Net Receivables After the Implementation of CCF
75% 100% 150% Others and Credit Risk Mitigation Techniques
314,158 - 13,790 9,459,250
47,279 - - 11,454,252
Net Receivables After the Implementation of CCF
35% 50% 100% Others and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After
the Implementation
80% 85% 100% 130% 150% Others of CCF and Credit Risk
Mitigation Techniques
- 6,437,506 68,901,094 - - - 86,538,871
- - - - -
- 1,928,913 1,267,106 - - 3,196,019
Net Receivables After the Implementation of CCF
250% 400%5) Others and Credit Risk Mitigation Techniques
3,659 - - 3,659
Net Receivables After the Implementation of CCF
85% 100% Others and Credit Risk Mitigation Techniques
4,057,422 2,803,978 - 31,325,824
Net Receivables
After the
Implementation
60% 65% 5)
70% 75% 85% 90% 100% 105% 110% 150% Others of CCF and
Credit Risk
Mitigation
Techniques
- - 273,667 - - 1,112,180 - - - -
10,958,160 38,704,587
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
1,402,234 - - 1,870,460 - - - 1,482,155 - 190,330 - 7,653,087
1,092,257 - - 1,605,764 43,799 - 483,170 - - - - 3,224,990
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - 7,904,715 - - 4,700,650 - - 997,553 -
12,800,844 26,403,762
- - - - - - - - - -
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Net Receivables
Net Receivables of Administrative
Net Receivable Statement of (After the Implementation of
No Risk Weight Account Transactions (before the Average CCF
Financial Position CCF and Credit Risk Mitigation
application of CCF) Techniques)
1 < 40% 134,987,204 1,069,812 19% 136,057,017
2 40%-70% 28,464,365 1,942,089 15% 30,406,455
3 75% 38,571,210 2,221,237 11% 40,792,447
4 85% 8,909,231 1,629,496 23% 10,538,727
5 90%-100% 82,750,298 10,981,752 22% 93,732,050
6 105%-130% 14,715,252 834,853 11% 15,550,104
7 150% 1,571,519 130,369 16% 1,701,888
8 250% 3,659 - - 3,659
9 400% - - - -
10 1250% - - - -
11 Total Net Receivables 309,972,739 18,809,608 18% 328,782,347
ii. Bank on a Consolidated Basis with Subsidiaries
Portfolio Category 0% 20% 50%
1 Claims on Government 79,685,050 - -
Portfolio Category 20% 50%
2 Claims on Public Sector Entities 10,389,382 2,155,206
Portfolio Category 0% 20% 30%
3 Claims on Multilateral Development Banks - - -
and International Institutions
Portfolio Category 20% 30% 40% 50%
4 Claims on Banks 5,406,695 545,738 2,531,925 847,305
Claims on Securities Companies and 8,493,936 888,247 1,738,629 286,161
Other Financial Service Institutions1)
Portfolio Category 10% 15% 20% 25%
5 Claims in Covered Bonds - - - -
Portfolio Category 20% 50% 65%5) 75%
6 Claims on General Corporations2) 3,766,466 4,210,886 - 3,222,919
Claims on Securities Companies and - - - -
Other Financial Service Institutions3)
Special Financing Exposure 4)
- - -
Portfolio Category 100% 150%
7 Claims in Subordinated Securities, Equity, - -
and Other Capital Instruments
Portfolio Category 45% 75%
8 Claims on Micro, Small Business and Retail 1,690,716 28,991,549
Portfolio
Portfolio Category 0%5) 20% 25% 30% 35% 40% 45% 50%
9 Loans Secured by Properties
Loans Secured by Residential Properties - 7,736,151 3,722,388 10,331,364 - 3,723,293 - 847,384
where the Payments Are Not Materially
Dependant on Property Cash Flow
without loan sharing approach5) - - - - - -
with loan sharing approach - - - - - -
(guaranteed)5)"
with loan sharing approach - - - - - -
(guaranteed)5)
Loans Secured by Residential Properties - - - 721,941 441,431 - 1,544,538 -
where the Payments Are Materially
Dependant on Property Cash Flow
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Not Materially
Dependant on Property Cash Flow"
without loan sharing approach5) - - - - - -
with loan sharing approach - - - - - -
(guaranteed)5)
with loan sharing approach - - - - - -
(guaranteed)5)
Loans Secured by Commercial Properties - - - - - - - -
where the Payments Are Materially
Dependant on Property Cash Flow
Land Acquisition, Land Processing and/or - - - - - -
Construction Loans5)
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(in million Rupiah)
Net Receivables After the Implementation of CCF and
100% 150% Others Credit Risk Mitigation Techniques
- - - 79,685,050
Net Receivables After the Implementation of CCF and
100% 150% Others Credit Risk Mitigation Techniques
12,544,588
Net Receivables After the Implementation of CCF
50% 100% 150% Others and Credit Risk Mitigation Techniques
- - -
Net Receivables After the Implementation of CCF
75% 100% 150% Others and Credit Risk Mitigation Techniques
314,158 - 13,790 - 9,659,612
47,279 - - - 11,454,252
Net Receivables After the Implementation of CCF
35% 50% 100% Others and Credit Risk Mitigation Techniques
- - - - -
Net Receivables After
the Implementation
80% 85% 100% 130% 150% Others of CCF and Credit Risk
Mitigation Techniques
- 6,437,506 69,121,660 - - - 86,759,438
- - - - -
- 1,928,913 1,267,106 - - 3,196,019
Net Receivables After the Implementation of CCF
250% 400%5) Others and Credit Risk Mitigation Techniques
3,659 - - 3,659
Net Receivables After the Implementation of CCF
85% 100% Others and Credit Risk Mitigation Techniques
4,057,422 2,809,430 - 37,549,118
Net Receivables
After the
Implementation
60% 65%5) 70% 75% 85% 90% 100% 105% 110% 150% Others of CCF and
Credit Risk
Mitigation
Techniques
- - 273,667 - - 1,112,180 - - - -
10,958,160 38,704,587
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
1,402,234 - - 1,870,460 - - - 1,482,155 - 190,330 - 7,653,087
1,092,257 - - 1,605,764 43,799 - 483,170 - - - - 3,224,990
- - - - - - - - - -
- - - - - - - - - -
- - - - - - - - - -
- - 7,904,715 - - 4,700,650 - - 997,553 -
12,800,844 26,403,762
- - - - - - - - - -
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Net Receivables After the
Implementation of CCF
Portfolio Category 50% 100% 150% Others and Credit Risk Mitigation
Techniques
10 Past Due Loans 374,933 1,089,276 391,049 - 1,855,258
Net Receivables
After the
Implementation
Portfolio Category 0% 20% 100% 150% 1250% 5)
Lainnya of CCF and Credit
Risk Mitigation
Techniques
11 Other Assets 3,929,672 - 13,261,696 236,480 - - 17,427,848
Net Receivables
Net Receivables of Administrative
Net Receivable Statement of (After the Implementation of
No Risk Weight Account Transactions (before the Average CCF
Financial Position CCF and Credit Risk Mitigation
application of CCF) Techniques)
1 < 40% 134,988,649 1,069,812 19.3% 136,058,461
2 40%-70% 28,681,759 1,942,089 15.1% 30,623,849
3 75% 44,789,053 2,221,237 11.5% 47,010,290
4 85% 8,909,231 1,629,496 23.0% 10,538,727
5 90%-100% 83,525,224 10,981,752 21.7% 94,506,976
6 105%-130% 14,715,252 834,853 10.5% 15,550,104
7 150% 1,698,834 130,369 15.9% 1,829,203
8 250% 3,659 - 3,659
9 400% - - -
10 1250% - - -
11 Total Net Receivables 317,311,661 18,809,608 18.0% 336,121,269
Table 5.n. Analysis of Credit Risk Net Receivables due to Failure of Counterparty based on the Used Approach
(in million Rupiah)
Position 31 December 2023
a b c d e f
No. Potential Use of Alpha
Replacement future for regulatory Net
EEPE RWA
cost (RC) exposure EAD Receivables
(PFE) calculations
1 SA-CCR (for derivative) 843,109 715,590 1.4 2,182,178.50 1,366,380
2 Internal Model Method (for N/A N/A
derivative and SFT)
3 Simple approach for credit N/A N/A
risk mitigation (for SFT)
4 Comprehensive approach for
credit risk mitigation (for SFT)
5 VAR for SFT N/A N/A
6 Total 1,366,380
(in million Rupiah)
Position 31 December 2022
a b c d e f
No. Potential Use of Alpha
Replacement future for regulatory Net
EEPE RWA
cost (RC) exposure EAD Receivables
(PFE) calculations
1 SA-CCR (for derivative) 1,080,432 537,107 1.4 2,264,556 1,298,963
2 Internal Model Method (for N/A N/A
derivative and SFT)
3 Simple approach for credit N/A N/A
risk mitigation (for SFT)
4 Comprehensive approach for
credit risk mitigation (for SFT)
5 VAR for SFT N/A N/A
6 Total 1,298,963
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Table 5.o. Quantitative Disclosure of CCR Exposure by Portfolio Category and Risk Weight
(in million Rupiah)
Position 31 December 2023
Risk Weight a b c d e f g h i
Portfolio Total Net
0% 10% 20% 50% 75% 100% 150% Others
Category Receivables
Indonesia 132,745 - - - - - - - 132,745
Claims on
Governmet and - - - - - - - - -
Central Bank
Claims on
Public Sector - - - - - - - - -
Entities
Claims on
Multilateral
Development
- - 225,767 98,841 - - - 477,084 801,692
Banks and
International
Institutions
Claims on
- - - - - - - - -
Other Banks
Claims on
securities - - 35,943 161,986 - 1,030,868 - 18,945 1,247,742
companies
Claims on
- - - - - - - - -
Corporations
Claims on
Micro, Small
- - - - - - - - -
Business and
Retail Portfolio
Other Assets 132,745 - 261,710 260,827 - 1,030,868 - 496,028 2,182,179
Total - - - - - - - - -
(in million Rupiah)
Position 31 December 2022
Risk Weight a b c d e f g h i
Portfolio Total Net
0% 10% 20% 50% 75% 100% 150% Others
Category Receivables
Indonesia 295,261 - - - - - - - 295,261
Claims on
Governmet and - - - - - - - - -
Central Bank
Claims on
Public Sector - - - - - - - - -
Entities
Claims on
Multilateral
Development
- - 551,598 234,889 - - - - 786,487
Banks and
International
Institutions
Claims on
- - - - - 3,083 - - 3,083
Other Banks
Claims on
securities - - - - - 733,292 - - 733,292
companies
Claims on
- - - - 446,433 - - - 446,433
Corporations
Claims on
Micro, Small
- - - - - - - - -
Business and
Retail Portfolio
Other Assets 295,261 - 551,598 234,889 446,433 736,375 - - 2,264,556
Total - - - - - - - - -
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Perfomance Management Company Management Risk Highlight Report Profile Discussion & Analysis Management Table 5.p. Net Claims on Credit Derivative The Bank has no exposure to the related disclosure Table 5.q. Securitization Exposure in Banking Book The Bank has no exposure to the related disclosure Table 5.r. Securitization Exposure in the Trading Book The Bank has no exposure to the related disclosure Table 5.s. Securitization Exposure to the Banking Book when the Bank is the Originator or Sponsor and its Capital Requirements The Bank has no exposure to the related disclosure Table 5.t. Securitization Exposure in the Banking Book and Capital Requirement - Bank as investor The Bank has no exposure to the related disclosure 332 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Market Risk
Market risk represents the risks due to movements in For effective risk limit control, the Bank establishes a
market variables, namely interest rates, exchange rates comprehensive limit structure in accordance with the
and option prices that are detrimental to the Bank in complexity of the activities and takes into account the
its trading book and banking book. Market risk occurs Bank’s business objectives and risk tolerance. Market risk
in trading activities of foreign exchange, securities, limits adopted by the Bank include Value at Risk (VaR),
derivatives, money market instruments, and other sensitivity (DV01, base DV01, CR01, Vega, NOP), trigger
financial instruments. Interest rate risk in banking loss, and notional size for certain portfolios. Meanwhile,
books can arise from differences in the Bank’s asset and Economic Value of Equity (EVE) limit is applied for interest
liabilities exposure and interest rate movements that will rate risk in the Banking Book (IRRBB).
affect the Bank’s income and economic value.
RISK MANAGEMENT PROCESS
Market risk management, particularly risks arising from The Bank carries out a series of processes to identify,
trading book, is performed by Market Risk Management measure, monitor and control risks arising from the
(MRM) while risk on banking book is managed by Assets Bank’s functional activities. Risk Management Unit (SKMR)
Liabilities Management (ALM) Risk and Capital & Balance plays a role in carrying out this process continuously
Sheet Management (CBSM) Finance. through its infrastructure development so that the
process of managing market risk in the banking book and
GOVERNANCE trading book can properly performed in accordance with
To create strong and effective market risk governance, the maximum risk limits tolerated by the Bank.
the Bank implements the strategy of 3 lines of defense
in regulating and managing market risk. Market risk The market risk identification process is conducted,
management involves the active role of the related among others, by analyzing new products (particularly
business unit, namely Trading Origination Function (TOF) treasury products) through new product approval
from the Treasury Directorate as the first line, and Market process which serves as a key control for the Bank in
Risk Management, and Asset and Liability Management identifying inherent market risk in each product, to
Risk as the second line. In addition, to independently be later considered and mitigated before or after the
review the adequacy and effectiveness of risk governance product is launched. To support a strong market risk
and internal control, market risk management also identification process, the Bank has developed product
involves the internal audit unit as the third line. and activity risk management policy, which governs the
proposal, review and approval process for the Bank’s
In addition to the above, active supervision by the Board new products and activities.
of Directors is conducted through an evaluation process
on the implementation of market risk management by the
Risk Management Committee (RMC). RMC is responsible
for managing the Bank’s risks, including establishing
framework, strategy and acceptable risk appetite. All
market risk control factors are also submitted to the
Risk Oversight Committee (KIPER), as part of the active
supervisory function of the Board of Commissioners.
POLICIES, PROCEDURES, AND
ESTABLISHMENT OF LIMITS
Market risk management is outlined in the form of
policies, procedures, risk limits and other related decision.
Limits and risk appetite are evaluated periodically in
accordance with the changes in the Bank’s business
environment, including Treasury business strategies and
market developments as well as internal and external
regulations.
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The market risk management process framework is described as follows:
Risk Identification Risk Measurement Risk Control and Risk Reporting
Monitoring
Identification of risks • Quantification of Risk reporting and
associated with the risks associated with escalation to facilitate
Continuous risk
Bank’s strategy and the bank’s positions informed risk taking and
monitoring of the market
new products to be for review, analysis, management decisions.
risk profile within risk
launched as well as fund control, and reporting.
tolerance limits and
placement/investment • Methodology used in
business activities
decisions. risk measurement (VaR,
in accordance with
risk sensitivity, stress
applicable policies
test)
A. MARKET RISK MANAGEMENT FOR TRADING
BOOK PORTFOLIO
Periodically, MRM unit monitors the limit compliance out by using prices available in the market (mark to
of exchange rate risk, interest rate risk and option market) or by using theoretical price calculations
risk. Breaches of these limits are reported to the (mark to model) for non-liquid market condition.
relevant Senior Officers and the Board of Directors to
be followed up. CIMB Niaga performs VaR calculations to observe
market risk internally on a daily basis, whereby VaR
The Bank’s market risk management process is also measurements are based on a confidence level of
supported by an adequate market risk management 99% (ninety-nine percent).
information system by providing comprehensive and
integrated market risk reports. Market risk reporting For the purposes of calculating the Minimum Capital
and monitoring is regularly performed by the MRM Requirement (KPMM) for market risk, the Bank adopts
as an independent unit. This is also supported by a standard method which includes calculations of
adequate human resources in the risk management interest rate risk, exchange rate risk and option risk.
function, both in terms of quantity and quality.
Market risks that must be taken into account in capital
In managing market risk for its trading book portfolio, charges using the standard approach are as follows:
internally the Bank adopts sensitivity analysis, which 1. The position of financial instruments in the
is portfolio’s value changes due to one independent trading book that is exposed to interest rate risk.
market variable movement, such as DV01 and 2. Position of foreign currency in trading book and
base DV01 for a portfolio of interest-rate related banking book that is exposed to exchange rate
instruments, net open positions for foreign exchange risk.
positions, and Vega for option portfolios. In addition 3. Position of option with underlying interest rate
to sensitivity analysis, the Bank also using Value at and/or foreign exchange in trading book.
Risk (VaR) calculations in measuring market risk.
For the purposes of calculating minimum capital
The portfolio covered by Value at Risk (VaR) using the standard method, the Bank calculates all
measurement includes securities, foreign exchange financial instrument positions in the trading book that
and derivatives. The VaR calculation methodology are exposed to interest rate risk such as securities
adopted is historical simulation, which is reviewed portfolio, as well as other derivatives such as FX
periodically with assumptions, whereby the value of Forwards, FX swap, IRS/CCS, IR Future, and others. As
the return of an asset in the past can be used to forecast for options, Bank calculates all options in the trading
potential future risks. The Historical Simulation VaR book portfolio both by using the underlying interest
method does not require assumptions on an asset’s rate and foreign currency. For exchange rate risk, the
distribution of returns. The valuation method in Bank calculates all on and off balance sheet positions,
measuring the fair value of an instrument is carried both in the trading book and in banking book.
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Regarding the implementation of Basel III Market The Bank has established IRRBB policies and
Risk, the Bank has reviewed and harmonized the procedures, including mitigation strategies to support
market risk management framework and policies the implementation of interest rate risk management.
related to the trading book, and also prepared the ALM Risk performs an internal control function over
necessary infrastructure to support the requirement interest rate risk in the banking book, by monitoring
for calculating and reporting for market risk capital IRRBB exposures which must comply with the Bank’s
adequacy in accordance with the Basel III Market Risk limits and risk appetite using the EVE measurement
framework. In addition, the Bank has also participated method. CBSM Finance performs NII measurement
in the try-out for reporting market risk adequacy function based on the Bank’s internal projections.
capital in accordance with the Basel III Market Risk
framework conducted the OJK. IRRBB calculations are prepared on a monthly basis
by taking into account the provisions set forth in
The market risk monitoring process is carried out in OJK circular letter No.12/SEOJK.03/2018 regarding
stages, namely front-end controls and establishment guidelines for risk assessment with a standard
of limits. On front end control, the dealer acts as the approach for interest rate risk in the banking book
primary observer of market risks arising from trading for commercial banks. Sensitivity assessment to
activities and management of the Bank’s assets and IRRBB is carried out using the interest rate sensitivity
liabilities. The dealer must ensure that open trading factor, which is a more detailed and technical proxy
positions are in line with the limits that have been set for managing IRRBB exposure.
by management.
Shock scenarios used in calculating IRRBB using the
MRM performs monitoring over trading limits which EVE method include 6 scenarios, namely parallel up,
exceed thresholds on a daily basis. The setting of parallel down, steepener, flattener, short rate up and
threshold is designed to limit the concentration of risk short rate down. Meanwhile, calculations using the
exposure under a particular position, type of risk, type NII method apply 2 scenarios, namely parallel up and
of instrument and/or market. The threshold setting parallel down.
refers to the Bank’s risk tolerance by considering
profit targets and risks from trading activities. In the event that the Bank adopts interest rate
risk management, the Bank has several options,
The strategy executed by CIMB Niaga in the process including, performing natural hedge against the
of controlling market risk is conservative. This is assets with long position by increasing the number
conducted by hedging, squaring positions, back- of core CASA, bond issuance or selling term deposit
to-back and other methods which are aimed at products with longer tenor (1-year maturity), in
creating off-setting position for a transaction/position addition, the Bank can also hedge the IRRBB through
having market risk exposure that can be used for various mechanisms, including carrying out Interest
the risk transfer process. The Bank only processes Rate Swap (IRS) transactions, where the value and
transactions that are in accordance with the Bank’s tenor of the risk being transacted resembles the
risk appetite and business strategy. exposure value in the banking book. Meanwhile, the
accounting treatment for these transactions refers to
B. INTEREST RATE RISK MANAGEMENT IN BANKING the applicable accounting provisions.
BOOKS
The Bank measures and controls interest rate risk In calculating ∆EVE and ∆NII, commercial margins or
in the banking book which arises from differences spread components have been taken into account
between the timing difference in interest rates and in the cash flow and discount interest rates applied
cash flows (repricing risk), changes among interest based on the risk free curve.
rates from several yield curves having different
positions that affecting the Bank’s activities (basis Non Maturing Deposit (NMD) includes current
risk), changes in interest rates and maturity ranges account and savings account, where the behavioral
(yield curve risk), and interest rates related to options characteristics of NMD are influenced by the type
embedded in banking book products (option risk). of customer group, such as Retail and Wholesale.
The Bank measures interest rate risk exposure from Average repricing maturities are determined based
both income perspective and economic perspective on historical balance analysis and sensitivity to
under a range of potential interest rate scenarios, interest rate pricing and also consideration of caps
including stress conditions. against proportions and the average term of core
deposits in accordance with SEOJK IRRBB.
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The methodology adopted to estimate the As for the implementation of stress testing, risk
prepayment rate of loans is based on simple average measurement systems must be quite flexible to facilitate
method of historical monthly prepayments against various types the scenario implemented including large
the total portfolio value for the last 12 months. historical markets moves. The assumptions used in stress
However, the prepayment risk of the credit portfolio testing must be carefully developed to test the trends in
is relatively immaterial due to inherent mitigation Treasury portfolio.
such as significant penalties.
Stress testing is conducted quantitatively, including
Similar method is also applicable to early withdrawals identifying various possible crisis scenarios that could
from time deposits where there are mitigations have a negative impact on the bank, including income
to minimize the early withdrawal rate from time and capital. Stress testing is carried out on all trading
deposits. The impact of this early withdrawal is very book portfolios that are exposed to interest rate risk as
minimal on the IRRBB since the majority of term well as the trading book and banking book portfolios
deposits have a short tenor (1 month). that are exposed to exchange rate risk by taking into
account market risk aspects and liquidity aspects with
The total calculation of ∆EVE and ∆NII is the result the assumption that market disturbances occur. Stress
of aggregation of currencies that are included in the testing scenarios include parallel and non-parallel
significant currency category. Currently there are movements of relevant risk factors.
Rupiah and US Dollar currencies which are included
in the significant currency category. INTERNAL CONTROL
Periodically, reviews are carried out on the adequacy of
The average period for repricing maturities for core applicable policies and procedures. Assessment of the
Non-Maturing Deposits (NMD) is 3.5 years for both adequacy of policies, procedures and implementation is
Wholesale and Retail segments. While the longest carried out by an independent party, namely the Internal
period for repricing maturity for a Non-Maturing Audit Unit (SKAI) and then submitted to management
Deposit (NMD) is 5 years. Repricing maturity applied and Audit Committee for follow-up. Information related
on Non-Maturing Deposits (NMD) is 5 years. to market risk exposure is consolidated and reported by
the unit in charge of finance and accounting.
BACKTESTING
This method is carried out by comparing VaR calculations SKAI carries out regular reviews of market risk
and historical actual losses using the Verification Based management at least once a year. The review includes
on Failure Test Model, which calculates the number of activities carried out by the Market Risk Control Unit
observations in which the value of losses exceeds the and operational business units related to market risk
VaR for portfolios during the observation period. This management. The review includes at least:
model is more historical and non-parametric. If the a. Adequacy of documentation of market risk
acceptable error level is breached, then the VaR model management (including internal models).
may be inaccurate. Backtesting results are also reported b. Approval process for significant changes in market
periodically to RMC. Validation of the model used in risk management.
risk assessment is carried out periodically at least once c. Integrity of market risk management information
a year or if there are model modifications, structural systems.
and significant market changes, or changes in portfolio d. The organization of the market risk control unit
composition that results in the inability of the model to including the conduct of duties and responsibilities,
measure all material market risk factors or the model has independence and adequacy of human resources.
become irrelevant. e. Integration of market risk measurement into daily
risk management processes.
STRESS TESTING f. Coverage of financial products or instruments
The bank periodically carries out stress testing to exposed to market risk that use internal models.
estimate potential loss on market condition that is no g. Verification of the consistency, timeliness,
longer under normal condition to identify the sensitivity independence and reliability of data sources used in
of Treasury performance towards changes in risk factors internal models.
and to identify influences that have significant impact on
the Bank’s portfolio.
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h. Accuracy and completeness of data for risk assessment.
i. Internal approval process for the use of assessment models/methods (valuation).
j. Accuracy of valuation results.
k. Accuracy and feasibility of various volatility and correlation assumptions.
l. Verification of internal validation processes and backtesting processes.
SKAI is responsible for documenting all review reports that have been conducted. Furthermore, in accordance with
applicable regulatory requirements regarding the implementation of the Bank’s internal audit function, Internal Audit
is required to submit a report on the implementation of the internal audit function to the Board of Directors and Board
of Commissioners.
Table 6. Disclosure of Risk Market Using the Standard Method
(in million Rupiah)
Position 31 December 2023 Position 31 December 2022
Individual Consolidated Individual Consolidated
No. Type of Risk
Capital Capital Capital Capital
RWA RWA RWA RWA
Expense Expense Expense Expense
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Interest Rate Risk
a. Specific Risk 20,844 260,553 20,844 260,553 1,471 18,385 1,471 18,385
b. General Risk 343,658 4,295,720 343,658 4,295,720 160,089 2,001,111 160,089 2,001,111
2 Exchange Risk 111,056 1,388,199 111,056 1,388,199 25,667 320,840 25,667 320,840
3 Equity Risk*) - -
4 Commodity Risk *)
- -
5 Option Risk 24,889 311,108 24,889 311,108 28,981 362,259 28,981 362,259
Total 500,446 6,255,579 500,446 6,255,579 216,208 2,702,595 216,208 2,702,595
*)
For banks that have subsidiaries with the above risks
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REPORT OF RISK MANAGEMENT IMPLEMENTATION RELATED TO INTEREST RATE RISK IN THE
BANKING BOOK
Tabel 7.a. Disclosure on Exposure of Quantitative Interest Rate Risk in the Banking Book (IRBBB) - Bank Only
RISK CALCULATION REPORT
Name of Bank : PT Bank CIMB Niaga Tbk (Bank Only)
Reporting Position : December 2023
Currency : IDR and USD
In Million Rupiah ∆EVE ∆NII
December December December December
Period
2023 2022 2023 2022
Parallel up 173,873 164,913 684,586 1,097,438
Parallel down -363,914 -358,612 -1,457,745 -2,172,041
Steepener 543,458 539,302
Flattener -473,652 -464,903
Short rate up -267,647 -274,196
Short rate down 238,188 246,352
Negative Maximum Value (absolute) 473,652 464,903 1,457,745 2,172,041
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 43,302,143 39,456,887 12,984,594 13,391,056
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 1.09% 1.18% 11.23% 16.22%
Income (ΔNII)
Tabel 7.b. Disclosure on Exposure of Quantitative Interest Rate Risk in the Banking Book (IRBBB) - Bank on a
Consolidated Basis with Subsidiaries
Name of Bank : PT Bank CIMB Niaga Tbk (Consolidated)
Reporting Position : December 2023
Currency : IDR and USD
In Million Rupiah ∆EVE ∆NII
December December December December
Period
2023 2022 2023 2022
Parallel up 14,648 146,008 650,552 1,137,003
Parallel down -219,401 -366,443 -1,432,775 -2,223,371
Steepener 631,166 612,183
Flattener -599,087 -540,693
Short rate up -356,058 -271,686
Short rate down 322,120 231,293
Negative Maximum Value (absolute) 599,087 540,693 1,432,775 2,223,371
Tier 1 Capital (for ΔEVE) or Projected Income (for ΔNII) 45,804,024 41,314,707 13,909,943 14,131,064
Maximum Value divided by Tier 1 Capital (for ΔEVE) or Projected 1.31% 1.31% 10.30% 15.73%
Income (ΔNII)
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Qualitative Analysis
The bank measures and controls the interest rate risk in the banking book arising from the difference between the time changes of interest
rates and cash flows (repricing risk), changes in interest rate correlation of several yield curves with different positions affecting the bank’s
activity (risk base), changes of the interest correlations at the maturity range (yield curve risk), and interest rates related to options embedded
in the product banking books. (option risk). Banks measure interest rate risk exposures from both income and economic perspectives below
the probability range of potential interest rate scenarios, including stress conditions.
Banks have IRRBB policies and procedures, including mitigation strategies in support of the implementation of interest rate risk management.
ALM Risk performs the function of internal control over interest rate risk in the banking book, i.e. through the monitoring of IRRBB exposures
that must comply with the limit and risk appetite of the Bank using the EVE measurement method. CBSM Finance performs NII measuring
functions based on the Bank’s internal projections.
The calculation is carried out on a monthly basis, taking into account the provisions set forth in the OJK publication No.12/SEOJK.03/2018
regarding the risk measuring guidelines of approach to standard interest risk in banking books for general banks.
The interest rate shock scenario used in the calculation of the IRRBB using the EVE method is 6 scenarios, namely parallel up, parallel down,
steepener, flattener, short rate up and short rate down.
In the case of the Bank performing interest rate risk management, the Bank has several options among others, Bank can perform natural
hedge against the assets of Bank that has long position through bonds issuance or sell the product of Futures Deposito which has a longer
tenor (tenor 1 year), besides the Bank can also perform hedging on IRRBB through various mechanisms among others by performing the
interest rate swap (IRS), where the value as well as the tenor risk traded resembles the value of the exposure in the banking book. Meanwhile,
the accounting treatment of such transactions refers to the applicable accounting provisions.
In the calculation of ∆EVE and ∆NII, the commercial margin or spread components have been taken into account in cash flows and the discount
interest rate used based on the risk-free curve.
Non-Maturing Deposits (NMDs) include Giro and Savings products, where the behavioral characteristics of such NMDs are influenced by the
type of customer groups, such as Retail and Wholesale. Determination of repricing maturity averages based on analysis of historical balance
and sensitivity to interest rate pricing and consideration of caps against proportions and against the average time period of core deposits
according to IRRBB SEOJK.
Methodology used to estimate the prepayment rate of a loan based on the simple average method of historical monthly prepayments against
the total value of the portfolio over the last 12 months. However, the prepayment risk of the credit portfolio is relatively insignificant due to the
inherent mitigation of such significant penalties.
The same applies to early withdrawal of futures deposits where there is mitigation to minimize the number of early withdraws from futures.
(1 bulan).
The calculation of the total ∆EVE and ∆NII is an aggregation of currencies that belong to the category of significant currency.
Qualitative Analysis
The average time period of repricing maturity applied to the Core of Non-Maturing Deposits (NMD) is 3.5 years for both Wholesale and Retail
segmentation. The longest time period applied for non-maturing deposits is 5 years.
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Liquidity Risk
Liquidity risk represents the risk that arises from the All liquidity risk control factors are also submitted to the
Bank’s inability to meet maturing liabilities from cash Risk Oversight Committee (KIPER), as part of the active
flow funding and/or from high quality liquid assets that supervisory function from the Board of Commissioners.
can be liquidated and/or pledged without disrupting The active role of the Board of Commissioners is
the Bank’s financial activities. The Bank has established also outlined in providing approval for the Liquidity
a liquidity risk management framework which includes Risk Management Policy, including the management
policies, procedures, measurement and monitoring of Contingency Funding Plan.
risk limits along with governance. The liquidity risk unit
carries out control, monitoring and escalation functions POLICIES, PROCEDURES, AND
for liquidity risk management in an independent manner. ESTABLISHMENT OF LIMITS
Liquidity management, including strategy and planning, CIMB Niaga has established adequate liquidity risk
is conducted together with Treasury Directorate/related management policies and procedures, which include
Business Units and Finance Directorate based on the Liquidity Risk Management Policies, Escalation
mandate from the Asset Liability Committee (ALCO). Procedures, Indicator Calculation Methodologies and
Contingency Funding Plan. These policies were prepared
GOVERNANCE by Liquidity Risk unit together with other related
The Bank implements liquidity risk management business units. In line with the liquidity risk policy, a
governance with a three lines of defense strategy, by three-level risk policy structure has been established to
involving related business units, risk management facilitate the effective implementation of the liquidity risk
units and internal audit. Liquidity risk management is management framework, namely by categorizing various
performed centrally (pooling) with active involvement types of policies, risk limits or Management Action Triggers
from the Treasury Money Market, Funding unit, and (“MAT”), and liquidity risk management procedures or
Capital Balance Sheet Management. Assessment of technical guidelines. Liquidity risk limits and parameters
the adequacy of policies and their implementation is are determined in accordance with the risk appetite level,
performed by independent Internal Audit Unit (SKAI) and including those based on liquidity gap analysis in normal
the assessment results are submitted to Management and crisis conditions, Liquidity Coverage Ratio (LCR) and
and the Audit Committee. Net Stable Funding Ratio (NSFR). This risk limit is prepared
in accordance with internal risk tolerance and based on
The Board of Directors, through the Asset Liability regulatory provisions by considering the Bank’s business
Committee (ALCO), manages the Bank’s balance strategy, business plan projections, historical experience,
sheet by observing liquidity risk in accordance with market conditions, financial conditions and the Bank’s
the acceptable risk limits and optimizing the Bank’s funding capacity.
performance through Net Interest Income. The Board of
Directors is responsible for implementing this strategy FUNDING STRATEGY
by conducting regular evaluations of the implementation The Bank prioritizes the growth of less costly and more
of liquidity risk management through ALCO meetings. stable third party funds such as savings and current
In addition, ALCO is also responsible for endorsing the accounts. Such strategy is in line with efforts to improve
Bank’s liquidity risk management policy, approving risk digital banking functions which focus on ease of
tolerance levels and other important procedures related transactions and management of customer portfolios
to the Bank’s liquidity risk management and profile. The within the Bank, whether it is of funding products, lending,
Bank determines the level of Internal risk tolerance by investments and also other financial transactional
referring to the limits set by the Regulator. Based on activities, such as payments, cash management and
the Regulator’s limits/provisions, the Liquidity Risk Unit other services. It is expected that these comprehensive
performs calculations based on a standard formula in banking services will increase the number of customers
determining Internal limits which are then submitted to (funding diversification) and will consistently reduce the
ALCO for approval. Banks maintain more conservative risk of volatile and large concentrated funds.
internal risk limits in order to be always comply with the
limits set by the Regulator. Based on these internal limits,
an escalation mechanism will also be established up to
the Board of Directors level to enable timely corrective
actions. The liquidity risk profile is reported to ALCO,
Senior Management and regulators periodically and on
an ad-hoc basis when necessary.
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This strategy will gradually increase core funding and fee-based income from operational and transactional activities
and simplify the management of assets and liabilities, providing the Bank with a solid and sustainable balance sheet
structure.
RISK MANAGEMENT PROCESS
The Bank manages liquidity risk through a series of processes, starting from identification, measurement, monitoring
and control of risks, both originating from On Balance sheet and Off Balance sheet exposures. The internal liquidity risk
factor originates from the maturity profile of assets and liabilities and also considers changes in the maturity behavior
profile that occur both due to customer needs and product pricing considerations, such as early withdrawal/payment
and rollover. External factors are also considered in liquidity risk management, such as market liquidity conditions,
changes in exchange rates, market interest rates, foreign capital and general macroeconomic conditions. By doing so,
liquidity management will be optimal under normal conditions and will be resilient in times of crisis.
The Bank identifies liquidity risks, among other things, through analysis and approval of new products and regular
product reviews. This step is a key control for the Bank in identifying the inherent liquidity risk factors in each product,
which will be considered and mitigated before the product is launched. To support appropriate risk identification
process, the Bank has developed risk management policies for products and activities, which governs the application,
review and approval process for the Bank’s new products and activities.
1 4
Risk Identification Risk Reporting
Identify liquidity risk factors
derived from On Balance sheet Timely liquidity risk reporting
and Off Balance sheet positions, as a basis for business decision
namely line of business making by balancing risk and
classification (wholesale, SME, return targets.
Retail), currency and significant
exposures, contractual maturity
and behavioral maturity.
2 3
Risk Measurement Control &
& Limits Risk Control
• Liquidity Gap under normal
(BaU) and crisis/ Controls are in place to ensure
stress conditions risks are managed within limits
• Liquidity Coverage Ratio (LCR) and can be escalated according
• Net Stable Funding Ratio to procedures. There are a
(NSFR) series of strategies to control
• Early Warning Indicator- risk exposure within the risk
Other liquidity ratios/ appetite.
indicators
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Table 8.a. Quantitative Disclosure of LCR (Bank Only and Consolidated)
CALCULATION REPORT
REQUIREMENT TO MEET THE QUARTERLY LIQUIDITY COVERAGE RATIO
Name of Bank : PT Bank CIMB Niaga Tbk
Reporting Position : December 2023
INDIVIDUAL
December 2023
No: Component
Value Asset/Liabilities
value after haircut or
and Commitment and
discount
Contingent
1 Number of data for average calculation 64 points of daily and
month end average
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 86,847,678
CASH OUTFLOWS
3 Individual Deposit and SME Deposit, consisting of:
a. Stable Deposits 55,496,395 2,774,820
b. Unstable Deposits 25,376,112 2,537,611
4 Wholesale Deposit, consisting of:
a. Operational deposits 52,250,023 12,238,043
b. Non-operational deposits and/or liabilities which are non operational 37,184,215 19,495,081
c. bonds issued (unsecured) 25,385 25,385
5 Secured funding 15,646,813 -
6 Additional requirement cash outflow, consisting of;
a. derivative cash outflow 21,129,879 21,129,879
b. cash outflow due to an increased in liquidity demand - -
c. cash outflow due to loss of funding - -
d. cash outflow due to withdrawal from credit facility and liquidity facility 11,350,737 1,411,051
e. cash outflow due to contractual obligation on channeling funds - -
f. cash outflow due to contingency 71,912,090 267,619
g. contractual cash outflow 340,525 340,525
7 TOTAL CASH OUTFLOWS - 60,220,014
CASH INFLOWS
8 Deposit with Secured lending collateral 450,125 -
9 Inflows from fully performing exposures 7,663,663 2,816,200
10 Contractual cash inflow 23,236,643 23,031,552
11 TOTAL CASH INFLOWS 31,350,430 25,847,751
TOTAL ADJUSTED
VALUE1
12 TOTAL HQLA 86,847,678
13 TOTAL NET CASH OUTFLOWS 34,372,262
14 LCR (%) 252.67%
¹ Adjusted value was calculated after haircut, run-off rate and inflow rate also limit maximum for HQLA, such as max. HQLA Level 2B and Level 2. Threshold for maximum
inflow that can be recognized is 75% from outflow also has been considered.
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(in million Rupiah)
CONSOLIDATED
September 2023 December 2023 September 2023
Value Asset/Liabilities Value Asset/Liabilities Value Asset/Liabilities
Value after haircut or Value Asset after haircut Value after haircut or
and Commitment and and Commitment and and Commitment and
discount or discount discount
Contingent Contingent Contingent
63 points of daily and 67 points of daily and 66 points of daily and
month end average month end average month end average
91,490,757 88,255,234 91,675,038
57,520,758 2,876,038 56,347,337 2,817,367 57,524,869 2,876,243
25,157,528 2,515,753 25,782,222 2,578,222 25,137,094 2,513,709
55,180,481 12,945,375 52,963,768 12,403,841 55,224,325 12,956,344
36,773,136 19,223,610 37,253,249 19,203,228 36,154,133 18,645,938
41,206 41,206 25,000 25,000 40,440 40,440
15,264,584 - 15,881,872 - 15,213,526 -
19,106,096 19,106,096 21,332,339 21,332,339 19,097,973 19,097,973
- - - - - -
- - - - - -
11,714,401 1,376,228 11,532,996 1,432,914 11,707,252 1,375,689
- - 1,157,189 1,157,189 1,261,081 1,261,081
75,661,785 266,693 73,023,887 271,529 75,673,843 266,624
299,558 299,558 391,939 391,939 342,172 342,172
- 58,650,558 - 61,613,570 - 59,376,215
503,892 - 481,134 - 509,149 -
8,378,543 3,031,793 8,060,988 2,989,693 8,334,826 2,863,741
20,866,629 20,689,755 23,470,484 23,262,072 20,861,506 20,683,026
29,749,063 23,721,548 32,012,607 26,251,765 29,705,481 23,546,768
TOTAL ADJUSTED TOTAL ADJUSTED TOTAL ADJUSTED
VALUE1 VALUE1 VALUE1
91,490,757 88,255,234 91,675,038
34,929,010 35,361,805 35,829,447
261.93% 249.58% 255.87%
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Individual analysis
CIMB Niaga Bank always maintained the LCR figure above the limits set by the Regulator (OJK) and refers to the conditions set by the regulator.
Monitoring of this liquidity ratio is carried out intensively, both through reports prepared by SKMR team to Management on a daily basis as well
as discussions in ALCO meetings. For Q4 2023 average calculation, we used 64 daily data for each of the LCR component numbers which were
then averaged and included in the LCR calculation formula. In Q4 2023, the average Individual LCR figure was 252.67%, a decrease of 9.27%
compared to Q3 2023 average of 261.93%.
This decrease in LCR on an average basis was impacted by a larger decrease in the weighted average value of HQLA than the decrease in
the weighted average value of Net Cash Outflow. Average total HQLA decreased by 5.07% or eq. Rp 4.64 Trillion, the majority in the form of
Government Bonds which decrease on average by eq. Rp 3.11 Trillion and Placement in Bank Indonesia which decreased on average by eq. Rp
1.68 Trillion. But on the other hand there was an increase in the average of Level 2A and 2B Securities with a total of eq. Rp 486 Billion or eq. Rp
319 Billion after weight. This decrease in average HQLA was allocated to Loans that increased on average from Q3 to Q4 by eq. Rp. 2.55 Trillion
and to cover the decrease in the average total Deposit of eq. Rp 1.91 Trillion.
Net Cash Outflow on average in Q4 2023 decreased by 1.59% or eq. Rp 557 Billion. This was driven by a decrease in total Deposit on average
by eq. Rp. 1.91 Trillion during Q4 period. This decrease was dominated by a decrease in the average Deposit of the Corporation’s customers by
eq. Rp 2,70 Trillion or eq. Rp 612 Billion after weight. In addition, there was a decrease in the average Deposit of Individual customers by eq. Rp
1.76 Trillion or eq. Rp 78 Billion after weight. Part of the decrease went to Time Deposit with maturity > 30 days (QTD) which rose on average
by eq. Rp 1.93 Trillion and is not included in the LCR calculation. In terms of Cash Flow, there was a decrease in the average Receivables from
Other Customers (50% weight) by eq. Rp 452 Billion or eq. Rp 226 Billion.
The bank continues to develop mobile banking products (OCTO Mobile, OCTO BizChannel, OCTO Clicks, and others) aiming for improved
transactional accounts, one of them with the feature of opening Savings and Deposits through mobile banking so that customers can carry out
banking activities easily and safely. The bank conducts education and offers a variety of funding/deposit products with a longer tenor. With this
development, it is expected that the stable growth of long term deposit will continue to grow.
Optimal management of Assets and Liabilities is carried out by referring to to the Liquidity Risk Management framework that has been
implemented by Management through the Risk Management Working Unit with the principle of prudence. This is in line with the guidelines
that the Bank always maintains, that the interests of customers are always the priority and the trust given is the main asset. The development
of excellent products and services that can meet the needs of the community continues to be carried out. This aims to enable CIMB Niaga
Bank to become the bank of choice for the community. Bank CIMB Niaga also continues to try to improve and complement the features of its
e-channel so that it makes it easier for customers to independently and securely conduct transactions.
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Consolidated analysis
The calculation of the quarterly consolidated average value uses the same method as calculating the average LCR figure but added with 3
figures of the last month position of the LCR component of the subsidiary. In the calculation of monthly consolidated LCR, the subsidiary data
only uses end-month positions. This is because the subsidiaries are not specifically required to carry out LCR calculations by the Regulator. In
addition, the Consolidated LCR figure is more dominated by the movements of the parent company, this is due to the size of the existing Assets,
the subsidiaries are relatively small compared to the parent or Bank.
Along with the decrease in the average LCR on an Individual basis, the consolidated Q4 2023 LCR average figure is 249.58% or decreased by
6.29% compared with the previous quarter of 255.87%. This majority decline comes from the individual LCR movement of the Bank. This is
because the two existing subsidiaries are not obliged to manage the HQLA in large quantities but rather maintain adequate cash inflows and
outflows. The liabilities are mostly in the form of long-term working capital loans to be subsequently channeled into a loan to the end user.
Individual, subsidiary companies are supervised and monitored individually by the regulator with indicators that have been established in
accordance with the business model run. The parent company always ensures that the subsidiary always complies with the terms set by the
regulator in accordance with the applicable regulations.
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Table 8.b.1. Quantitative Disclosure of NSFR - Bank Only
NSFR REPORT
Name of Bank : PT Bank CIMB Niaga Tbk (Bank Only)
Reporting Position : December 2023
September 2023
Carrying Value based on Remaining Maturity
No. ASF Component (In Rp Million)
≥ 6 months -
Non Maturity¹ < 6 months"
< 1 year
1 Capital: 47,963,138 75,000 -
2 Capital based on Regulator Requirement: 47,963,138 75,000 -
3 Other capital instruments - - -
4 Deposit from Retail and SME 67,366,861 41,060,981 5,346,938
5 Stable deposits 49,412,206 14,710,287 971,687
6 Less stable deposits 17,954,655 26,350,693 4,375,251
7 Deposit from Wholesale 71,552,723 31,690,806 2,213,332
8 Operational deposits 52,265,602,90 - -
9 Other Deposit 19,287,120,49 31,690,806 2,213,332
10 Liabililties that have interdependent asset pairs - 18,649,525 -
11 Liabilities and other equity: 520,651 21,244,800 429,000
12 NSFR liabilities derivative - -
13 Equity and other liabilities that do not fall into the above categories 520,651 21,244,800 429,000
14 Total ASF
RSF Component
15 Total HQLA for the calculation of NSFR
16 Deposits on other financial institutions for operational purposes 2,712,385 - -
17 Loans with Current and Special Performance (performing) - 22,752,552 12,374,444
18 to financial institutions that are guaranteed with Level 1 HQLA - 2,566,883 2,475,651
19 to a guaranteed financial institution not with HQLA Level 1 and a loan to an - 2,140,687 1,013,090
unsecured financial institution
20 to non-financial corporations, retail customers and micro and small business - 15,130,583 5,436,500
customers, the central government, the governments of other countries, Bank
Indonesia, central banks of other countries and public sector entities, including:
21 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 137,020 131,784
Credit Risk
22 Unsecured home mortgage loans, which include: - 962,751 970,741
23 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for - 1,259,245 1,273,670
Credit Risk
24 Securities with Current and Undercurrent (performing) categories that are - 555,383 1,073,009
not being pledged, do not default, and are not included as HQLA, including
exchange-traded shares
25 Assets that have interdependent liability pairs - - -
26 Other assets : - 3,065,645 209,825
27 Physical commodities traded, including gold
28 Cash, securities and other assets recorded as an initial margin for derivative - -
contracts and cash or other assets that are deposited as default funds at central
counterparty (CCP)
29 NSFR asset derivative - -
30 NSFR liability of derivative before deducting with variation margin - -
31 All other assets that do not fall into the above categories - 3,065,645 209,825
32 Administrative Account - - -
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that are not included in the HQLA and commodity
categories
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December 2023
Carrying Value based on Remaining Maturity Ref. No. from
Total (In Rp Million) Total NSFR Working
Weighted Weighted Sheet
Value ≥ 6 months - Value
≥ 1 year Non Maturity < 6 months ≥ 1 year
< 1 year
158,000 48,121,138 49,894,410 - 83,000 75,000 49,969,410
158,000 48,121,138 49,894,410 - 83,000 75,000 49,969,410 1.1
1.2
- - - - - - - 1,3
18,170,520 123,822,530 66,610,817 41,739,727 4,532,654 18,722,799 123,420,247 2
3
714,891 62,554,363 49,194,173 11,961,565 895,654 692,740 59,641,562 2.1
3.1
17,455,629 61,268,168 17,416,644 29,778,162 3,637,000 18,030,059 63,778,685 2.2
3.2
1,459,650 42,972,635 66,943,845 40,932,422 1,238,995 1,468,348 39,839,193 4
- 26,132,801 42,860,709 - - - 21,430,355 4,1
1,459,650 16,839,834 24,083,136 40,932,422 1,238,995 1,468,348 18,408,838 4,2
- - - 20,426,826 - - - 5
872,000 1,607,151 809,878 18,835,168 993,000 402,350 1,708,728 6
- - - - 6,1
872,000 1,607,151 809,878 18,835,168 993,000 402,350 1,708,728 6.2 to 6.5
216,523,455 214,937,578 7
4,499,322 4,422,685 1
- 1,356,192 2,355,757 - - - 1,177,878 2
157,245,748 146,272,052 - 26,340,629 12,075,475 164,463,361 153,609,101 3
- 1,494,514 - 4,194,882 471,831 491,298 1,146,702 3.1.1
5,557,667 6,385,315 - 2,322,523 1,281,813 6,686,052 7,675,337 3.1.2
3.1.3
110,999,507 104,471,556 - 17,114,744 6,348,579 116,938,982 110,996,424 3.1.4.2
3.1.5
3.1.6
1,959,041 1,407,779 - 145,196 138,814 1,987,824 1,434,090 3.1.4.1
18,263,933 16,491,089 - 948,205 953,965 18,112,539 16,346,743 3.1.7.2
17,273,070 12,493,953 - 1,290,137 1,291,652 17,238,194 12,495,720 3.1.7.1
3,192,529 3,527,846 - 324,943 1,588,822 3,008,474 3,514,085 3.2
- - - - - - - 4
27,936,381 28,477,874 - 1,967,810 150,347 26,564,737 27,384,817 5
- - 5,1
- - - - - - 5,2
- - - - 308,962 308,962 5,3
- - - - - 5,4
27,936,381 28,477,874 - 1,658,848 150,347 26,564,737 27,075,855 5.5 to 5.12
102,052,889 893,912 - 104,241,932 936,023 12
181,499,352 187,530,504 13
119.30% 114.61% 14
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Individual Analysis
Bank CIMB Niaga always maintains the NSFR number within the limits set by the Regulator (OJK) and refers to the provisions set by the
regulator. The NSFR figure for the December 2023 position is 114.61% or above the limit set by the regulator. The NSFR rate in December 2023
decreased by 4.68% compared to September 2023’s position of 119.30%.
Main factors affecting NSFR calculation:
The decrease in NSFR in December 2023 compared to September 2023 was caused by an increase in RSF value after weighting while on the
other hand there was a decrease in ASF value after weighting.
ASF: The decline in ASF was mainly due to the decrease in total Deposits after weights, although before being imposed the total weight of
Deposits increased. This movement indicates that there is a shift in the quality of the Savings to a lower weight. Total Deposits increased by
eq. IDR 3.33 trillion before weights, but after being subjected to weights, it decreased by eq. IDR 3.54 trillion, the majority of which comes from
Corporate customers. However, in addition to the decrease, there was an increase in Tier 1 and Tier 2 Capital with a total of eq. IDR 1.85 trillion.
The most significant decrease came from Corporate Deposits which are Operational by eq. IDR 9.40 trillion or eq. IDR 4.70 trillion after the
weight is converted into a deposit with a lower ASF weight. This is marked by an increase in the total Non-Operational Corporate Deposits by
eq. IDR 13.07 trillion or eq. IDR 1.57 trillion after weights. The increase in value after weighting is much lower than the increase in value before
weighting, this is due to the increase in majority coming from from the increase in Deposits that have an ASF weight of 0% so that they do
not have an impact on the calculation of NSFR, including Deposits from Financial Services Institutions with a remaining maturity period of <
6 Months of eq. Rp5.15 Trillion and Deposits from Non-Operating Corporate Customers with a total of eq. IDR 4.80 trillion. The increase that
has an impact on the calculation of NSFR comes from Deposits from Non-Financial Corporate customers of eq. IDR 3.33 trillion or eq. IDR 1.67
trillion after weights. Meanwhile, Deposits from Financial Services Institutions with a remaining maturity period of > 6 Months decreased by a
total of eq. IDR 205 Billion or eq. IDR 102 Billion after weights.
Deposits from Individual customers decreased by eq. Rp 329 Billion or eq. IDR 390 Billion after weights. A decrease in value after a weight
greater than the value before the weight indicates a shift in quality from large-weighted deposits to smaller-weighted deposits. This is indicated
by the occurrence of a decrease in Stable Deposits by eq. IDR 2.94 trillion or eq. IDR
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Individual Analysis
RSF: The increase in RSF is due to the overall increase in loans, especially loans to non-financial institutions.
Total HQLA in NSFR calculation decreased by eq. IDR 3.87 trillion or eq. IDR 77 Billion after weights. The most significant decrease came from
the Level 1 HQLA Securities component with a 5% weighting of eq. IDR 2.01 trillion or eq. Rp 100 Billion after weighting and Placement at Bank
Indonesia which has a RSF weight of 0% of eq. IDR 1.68 trillion.
The biggest thing that has an impact on the increase in RSF is the increase in total loans disbursed, where the majority comes from the increase
in total loans to non-financial institutions by eq. IDR 8.92 trillion or eq. IDR 6.54 trillion after weights. In addition, total Loans to Financial
Institutions also increased by eq. IDR 1.58 trillion or eq. IDR 1.29 trillion after weights.
In addition to the increase in the RSF component, there is a decrease in the RSF component in the form of Other Assets with a 100% RSF weight,
namely Loans with Non-Performing (NPL) status of eq. Rp 798 Billion and a Capital Reduction Factor of eq. Rp 347 Billion.
Factors or conditions that cause downward movement:
The decline in the NSFR in December 2023 compared to the September 2023 position was caused by an increase in the RSF component of
3.32% or eq. IDR 6.03 trillion after weighting while on the other hand there was a decrease in the ASF component of 0.73% or eq. IDR 1.59
trillion after weights.
The movement of weighted values in ASF components is mainly due to:
• Reduction in Deposits from Corporate customers, both Operational and Non-Operational Deposits with a total of eq. IDR 3.13 trillion after
weights.
• Decrease in Deposits from Individual customers by eq. IDR 390 Billion after weights.
• Tier 1 and Tier 2 Capital Increase by eq. IDR 1.85 trillion.
The movement of weighted values in RSF components is mainly due to:
• Increase in Total Loans to Non-Financial Institutions by eq. IDR 6.54 trillion after weights.
• Increase in Total Loans to Financial Institutions by eq. IDR 1.29 trillion after weights.
• Decrease in Other Assets by eq. IDR 1.09 trillion after weights.
The optimal management of Assets and Liabilities is carried out by referring to the Liquidity Risk Management framework that has been
applied by management through the Risk Management Work Unit with the principle of prudence.
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Table 8.b.2. Quantitative Disclosure of NSFR - Bank with Subsidiaries
NSFR REPORT
Name of Bank : PT Bank CIMB Niaga Tbk (Bank & Subsidiaries)
Reporting Position : December 2023
September 2023
Carrying Value based on
Remaining Maturity
No. ASF Component
(In Rp Million)
≥ 6 months - <
Non Maturity¹
1 year
1 Capital: 49,317,111 -
2 Capital based on Regulator Requirement: 49,317,111 -
3 Other capital instruments - -
4 Deposit from Retail and SME 67,366,861 5,346,938
5 Stable deposits 49,412,206 971,687
6 Less stable deposits 17,954,655 4,375,251
7 Deposit from Wholesale 70,956,498 2,532,947
8 Operational deposits 51,669,377 -
9 Other Deposit 19,287,120 2,532,947
10 Liabililties that have interdependent asset pairs - -
11 Liabilities and other equity: 520,651 429,000
12 NSFR liabilities derivative -
13 Equity and other liabilities that do not fall into the above categories 520,651 429,000
14 Total ASF
RSF Component
15 Total HQLA for the calculation of NSFR
16 Deposits on other financial institutions for operational purposes 3,253,713 -
17 Loans with Current and Special Performance (performing) - 13,127,882
18 to financial institutions that are guaranteed with Level 1 HQLA - 2,475,651
19 to a guaranteed financial institution not with HQLA Level 1 and a loan to an unsecured - 638,090
financial institution
20 to non-financial corporations, retail customers and micro and small business customers, the - 6,564,938
central government, the governments of other countries, Bank Indonesia, central banks of
other countries and public sector entities, including:
21 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for Credit Risk - 131,784
22 Unsecured home mortgage loans, which include: - 970,741
23 qualify for a weighted risk of 35% or less, in accordance with SE OJK ATMR for Credit Risk - 1,273,670
24 Securities with Current and Undercurrent (performing) categories that are not being pledged, - 1,073,009
do not default, and are not included as HQLA, including exchange-traded shares
25 Assets that have interdependent liability pairs - -
26 Other assets : - 220,081
27 Physical commodities traded, including gold -
28 Cash, securities and other assets recorded as an initial margin for derivative contracts and cash -
or other assets that are deposited as default funds at central counterparty (CCP)
29 NSFR asset derivative -
30 NSFR liability of derivative before deducting with variation margin -
31 All other assets that do not fall into the above categories - 220,081
32 Administrative Account - -
33 Total RSF
34 Net Stable Funding Ratio (%)
¹ Components reported in the non-term category are components that do not have a contractual period, including:
Permanent (perpetual) capital instruments, short positions, open maturity positions, demand deposits, equity that are not included in the HQLA and commodity
categories
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December 2023
Carrying Value based on Remaining Maturity Ref. No. from
Total (In Rp Million) Total NSFR Working
Weighted Weighted Sheet
Value ≥ 6 months - Value
≥ 1 year Non Maturity¹ < 6 months" ≥ 1 year
< 1 year
158,000 49,475,111 51,363,603 - 83,000 75,000 51,438,603
158,000 49,475,111 51,363,603 - 83,000 75,000 51,438,603 1.1
1.2
- - - - - - - 1,3
18,170,520 123,822,530 66,610,817 41,739,727 4,532,654 18,722,799 123,420,247 2
3
714,891 62,554,363 49,194,173 11,961,565 895,654 692,740 59,641,562 2.1
3.1
17,455,629 61,268,168 17,416,644 29,778,162 3,637,000 18,030,059 63,778,685 2.2
3.2
3,868,626 45,243,306 66,070,391 41,873,510 1,897,745 3,563,355 41,826,848 4
- 25,834,689 41,987,255 - - - 20,993,627 4,1
3,868,626 19,408,618 24,083,136 41,873,510 1,897,745 3,563,355 20,833,220 4,2
- - - 20,426,826 - - - 5
1,656,133 2,391,284 809,878 18,835,168 993,000 1,231,662 2,538,040 6
- - - - 6,1
1,656,133 2,391,284 809,878 18,835,168 993,000 1,231,662 2,538,040 6.2 to 6.5
220,932,232 219,223,738 7
4,499,322 4,422,685 1
- 1,626,856 2,633,091 - - - 1,316,546 2
161,517,265 150,656,845 - 26,406,308 12,574,653 168,855,244 157,931,838 3
- 1,494,514 - 4,194,882 471,831 491,298 1,146,702 3.1.1
5,067,945 5,558,093 - 1,264,190 738,479 6,264,663 6,823,531 3.1.2
3.1.3
115,760,747 109,683,572 - 18,238,756 7,391,090 121,752,253 116,170,966 3.1.4.2
3.1.5
3.1.6
1,959,041 1,407,779 - 145,196 138,814 1,987,824 1,434,090 3.1.4.1
18,263,933 16,491,089 - 948,205 953,965 18,112,539 16,346,743 3.1.7.2
17,273,070 12,493,953 - 1,290,137 1,291,652 17,238,194 12,495,720 3.1.7.1
3,192,529 3,527,846 - 324,943 1,588,822 3,008,474 3,514,085 3,2
- - - - - - - 4
27,087,334 27,650,389 - 1,978,560 159,145 25,738,077 26,577,706 5
- - 5,1
- - - - - - 5,2
- - - - 308,962 308,962 5,3
- - - - - - 5,4
27,087,334 27,650,389 - 1,669,598 159,145 25,738,077 26,268,744 5.5 to 5.12
102,052,889 855,580,05 - 77,002,244 936,023 12
185,327,325 191,184,798 13
119.21% 114.67% 14
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Consolidated Analysis
Bank CIMB Niaga always maintains the NSFR number within the limits set by the Regulator (OJK) and refers to the provisions set by the
regulator. The Consolidated NSFR figure for December 2023 is at 114.67%, above the limit set by the regulator. The consolidated NSFR figure
for December 2023 decreased by 4.55% compared to the position in September 2023 of 119.21%. The impact of the consolidated calculation
after taking into account the subsidiaries increased by 0.06% when compared to individual calculations. This is because there are loans from
other banks received by subsidiaries with a period of > 1 Year through Securities issued which provide high value or value.
Main factors affecting NSFR calculation:
The decrease in NSFR in December 2023 when compared to September 2023 is due to an increase in the value of RSF after weighting while on
the other hand there is a decrease in the value of ASF after weight.
ASF: In total, the ASF value fell by eq. IDR 1.71 trillion after weight when compared to the position in September 2023. The majority of ASF
decline came from the Bank as the parent company, mainly due to a decrease in total deposits after weight even though before being subjected
to the total weight of deposits increased. This movement indicates that there is a shift in the quality of Deposits to a lower weight. Total
Deposits increased by eq. Rp 2.90 Trillion before weight, but after being subjected to weight decreased by eq. IDR 3.82 trillion, of which the
majority came from Corporate and NBFI customers. But in addition to this decline, there was an increase in Tier 1 and Tier 2 Capital with a total
of eq. IDR 1.85 trillion.
Changes in community deposits occur in the parent company and have been explained in the Individual analysis. As already described, changes
in the structure of Corporate deposits as well as individual customer deposits contribute greatly to the consolidated calculation. Impact of
subsidiary ASF structure contributed to deposits from Financial Service Institutions where deposits from Financial Service Institutions with
remaining maturity periods of > 6 months decreased by a total of eq. IDR 180 Billion or eq. Rp 246 Billion after weight.
RSF: In total, the RSF value increased by eq. IDR 5.86 trillion after weight when compared to the position in September 2023. As with ASF, the
majority of RSF increase came from the Bank as the parent company, mainly due to the increase in total loans disbursed, especially loans to
non-financial institutions.
Total HQLA changes in Consolidated RSF are also heavily influenced by Individual changes. Only the impact of Cash Management and Placement
on Cash Equivalent Banks was taken into account in the Consolidated RSF which increased by Rp. 37 billion.
The biggest thing that had an impact on the increase in RSF was the increase in total loans disbursed, where the majority came from an
increase in total loans to non-financial institutions by eq. Rp 8.81 Trillion or eq. Rp 6.51 Trillion after weight. In addition, total Loans to Financial
Institutions also increased by eq. Rp 1.42 Trillion or eq. Rp 1.27 Trillion after weight.
In addition to the increase in the RSF component, there was a decrease in the RSF component in the form of Other Assets with a 100% RSF
weight, namely Loans with Non-Performing (NPL) status of eq. Rp 811 Billion and Capital Reduction Factor of eq. IDR 346 billion.
Consolidated Analysis
Factors or conditions that caused the downward movement: The decrease in NSFR in December 2023 compared to the position in September
2023 was caused by an increase in the RSF component of 3.16% or eq. IDR 5.86 Trillion after weighting while on the other hand there was a
decrease in the ASF component of 0.77% or eq. IDR 1.71 Trillion after weight.
The balance of loans disbursed by the Subsidiary (CNAF) to end users decreased by eq. IDR 127 billion compared to the position in September
2023 and majority is financed through loan facilities from the Bank in the form of Joint Financing and Borrowing. CNAF’s total assets as of
December 2023 are IDR. 8.71 trillion or an increase of Rp. 118 billion compared to the position in September 2023. However, considering
that the size of the assets owned by the Subsidiary is relatively smaller than the Parent Company, the composition of the Subsidiary in the
Consolidated NSFR calculation is not too large.
The movement in the weighted value of the ASF component was mainly caused by:
• Decrease in deposits from corporate customers, both operational and non-operational deposits from other banks, received by subsidiaries
with a total of eq. IDR 3.42 Trillion after weight.
• Decrease in deposits from individual customers by eq. IDR 390 billion after weight.
• Increase in Tier 1 and Tier 2 Capital by eq. IDR 1.96 Trillion.
The movement in the weighted value of the RSF component is mainly caused by:
• Increase in Total Loans to Non-Financial Institutions by eq. IDR 6.51 Trillion after weight.
• Increase in Total Loans to Financial Institutions by eq. IDR 1.27 Trillion after weight.
• Decrease in Other Assets by eq. IDR 1.07 Trillion after weight.
The parent company, in this case the bank, is supervised separately by the regulator, as is the case with subsidiaries which follow applicable
regulations and are supervised separately by the regulator. The Parent Company continues to develop mobile banking products (OCTO
Mobile), one of which is the opening feature for savings products and investment products through OCTO Mobile so that customers can carry
out their banking activities easily and safely.
Optimal management of assets and liabilities is carried out while still referring to the Liquidity Risk Management framework that has been
implemented by management through the Risk Management Work Unit with the principle of prudence.
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Table 8.c. Quantitative disclosure – Encumbered Assets (Encumbrance)
a b c d
assets held
or in contract
In Million Rupiah with the
Encumbered Unencumbered
central bank Total
Assets Assets
yet to be used
to generate
liquidity
Cash and Cash Equivalent - - 3,806,140 3,806,140
Placement with Bank Indonesia - 17,432,996 - 17,432,996
Marketable Securities (HQLA Level 1) 20,266,355 - 56,155,605 76,421,960
Corporate Securities (HQLA Level 2a and 2b) - - 3,712,961 3,712,961
Qualitative Analysis
Compared with the position in June 2023, the following is an explanation of the significant changes in the position in December 2023
a. In December 2023, there will be a decrease in Cash and Cash Equivalents by Eq. IDR 872 billion. This Decrease was allocated to the Increase in the
Government Securities Component.
b. There was a Decrease in the HQLA Level 1 component, especially in the Placement with Bank Indonesia component, amounting to eq. IDR 6.42 Trillion.
The Decrease in this component is allocated to support loan growth of eq. IDR 8.42 Trillion.
c. Securities underlying Repo transactions Increased by IDR 5.34 trillion and were recorded at IDR 20.27 trillion. The Increase in Repo transactions was
allocated to the purchase of new Securities with longer tenors.
Liquidity risk measurements are performed through several methods as follows:
Liquidity Gap (Normal & Crisis Condition)
Liquidity risk measurement is based on cash flow projections of assets and liabilities, including administrative
accounts and commitments (liquidity gap). The cash flow projections are based on contractual and behavioral
maturity profiles.
The liquidity risk measurement tool is prepared in two scenarios, namely normal conditions and crisis conditions.
1 As a target limit that must be fulfilled, the Bank must be able to meet the needs of outflows that occur through
inflows over the next 30 days (short term).
2
Liquidity Coverage Ratio
Liquidity Risk LCR is a ratio to assess the Bank’s liquidity resilience in the short term during crisis conditions. It measures the
Measurement adequacy of high quality liquid assets to cover net cash outflows.
3
Net Stable Funding Ratio (NSFR)
4
The NSFR is a measurement tool to ensure that banks have sufficient and stable sources of funds to finance their
asset activities, so that the stability of these funds can mitigate liquidity risk during a crisis in the longer term.
Other Liquidity Indicators
The Bank still has several other liquidity indicators as complementary monitoring tools, such as the ratio of liquid
assets to total customer funds, interbank borrowing, funding concentration ratio, and others.
CIMB Niaga regularly monitors liquidity risk exposure through several methods above and the Bank is also monitored
to comply with risk limits that have been set both internally and by regulators. Reporting and monitoring of the Bank’s
most recent liquidity condition are also accompanied by analysis of changes in these indicators. If risk exposure exceeds
limits, the Bank has developed a tiered escalation procedure from senior management level to ALCO.
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In addition, the Bank has also developed an Early Warning CONTINGENCY FUNDING PLAN
System (EWS), which that provides monitoring indicators Contingency Funding Plan (CFP) represents one
and informs management in the event of a deteriorating component of the Bank’s Liquidity Risk Management
situation which could endanger the Bank’s liquidity Policy, in the form of procedure and operational guide
condition. Basically, EWS contains indicators that are during crisis (crisis protocol). Periodically, the Bank
reported on a daily basis, such as internal bank indicators carries out CFP testing with the aim of increasing risk
(quantitative and qualitative), macro indicators, banking awareness and readiness of roles and responsibilities of
and financial industry indicators as well as indicators senior management during funding crisis. Banks conduct
that are reported based on unusual events that can CFP testing to ensure established procedures can be
signal a deterioration of the Bank’s reputation and implemented in real crisis situations. In this test, a series
stability. Determination of the EWS indicator is part of the of scenarios that could trigger bank liquidity crisis will
Contingency Funding Plan (CFP) procedure prepared by be prepared. Bank Senior Management must be able to
the Liquidity Risk unit with input from other related units respond to the crisis scenario and decide on anticipatory
and approved by ALCO. and corrective action in a timely manner for the scenario
events.
Liquidity Stress Testing scenarios are carried out based
on a scenario of extreme but plausible events, either This CFP document outlines the measures to be taken
caused by bank-specific factors (idiosyncratic) or by the by the Bank in the form of Asset Management Strategy,
market as a whole (Market Wide). This will influence the Liability Management Strategy (including Deposits), Off
measures to be taken in managing crisis conditions. The Balance Sheet Management Strategy such as Undrawn or
Idiosyncratic scenario is a stress condition, whereby Bank Commitments to other parties as well as Qualitative
it is assumed that only the bank experience liquidity Strategies that can be utilized by Senior Management
difficulties, but the market as a whole operates in a during Liquidity Crisis. This CFP document is part of
relatively normal condition. Meanwhile, the overall Recovery Plan Document owned by the Bank, whereby
market crisis scenario (Market Wide) assumes that this document providing crisis management measures in
financial markets experience liquidity pressure. Stress a broader sense, including but not limited to improving
testing calculations are carried out periodically or as the Bank’s Capital Adequacy.
needed, so as to ensure that liquidity conditions can be
well managed and remain within the specified risk limits During crisis, the Bank will establish a Funding Crisis
at all times. Management Team (FCMT) comprising all Directors
plus several Senior Management. It is expected that
Basically, the liquidity stress scenario assumes an CCMT decisions can be conveyed and implemented
increase in cash outflows from the Bank beyond normal, immediately in all relevant levels and ready to manage
specifically in terms of deposits managed by the Bank the crisis.
as a result of decreasing levels of trust, decreasing cash
inflows due to defaults from debtors/counterparties as The CFP policy is reviewed annually and approved by
well as decreasing values of liquid assets portfolio owned ALCO.
due to market risk. These assumptions are reviewed
periodically and approved by management through ALCO
meetings. The stress testing results are discussed in the
ALCO forum. If the test results are below the threshold,
then the Bank will determine corrective measures to be
taken.
In liquidity risk management, the Bank is supported by a
robust ALM Risk system and infrastructure, to produce
more comprehensive and up to date information and to
achieve more accurate and more timely risk management
process. This system collects the required data from the
core banking system with good quality and integrity.
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Operational Risks
Bank CIMB Niaga’s Vision and Mission for operational risk management is “To cultivate risk management culture and
implement regulatory policies and banking best practices including international standards through qualified business
tools and systems, as a sustainable effort to manage operational risk and to protect the interests of CIMB Niaga
stakeholders and shareholders from operational risk losses.”
GOVERNANCE
From a governance perspective, the Bank has established an Operational Risk Committee (ORC), namely a committee
appointed by the Board of Directors to assist in carrying out the Board of Directors’ duties related to operational risk
management. ORC has the authority over all aspects of operational risks including development projects carried out by
Business Units/Support Units which can have an impact on Bank operations in their implementation.
In terms of implementing three lines of defense, based on the organization’s operational risk management, the Bank
has established Risk Control Unit (RCU) to assist the first line of defense (business unit or support unit) which is a
dedicated unit, whereby the leadership of the RCU has a dual reporting line, namely to Business or Support Director and
also Risk Management Director and Compliance Director.
RCU Governance Structure
Risk Management Compliance Business/Support
Director Director Director
RCU: Risk Control Unit Business/Support
• Proactively manage operational & compliance (RCU) Director
risks.
• Execute an operational & compliance risk
framework.
• Increase awareness of operational &
compliance risks. Quality Assurance Designated
(QA) Compliance &
Ops. Risk Officer
(DCORO)
POLICIES, PROCEDURES, AND ESTABLISHMENT OF LIMITS
The Bank has bank-wide policies for operational risk management, which regulate the conduct of daily operations,
namely the Operational Risk Management Framework Policy; Operational Risk Event and Loss Data Management Policy
; Risk Control Self Assessment Policy; Control Issue Management Policy; New Product Activity Policy; Significant Changes
Assessment Process Policy; Anti Fraud Management Policy; Business Continuity Management Policy; Information
Technology Risk Management Policy; Data Management Policy, and Information Security Policy.
The Bank has also established operational procedures that regulate the process flow of operational activities that must
be performed by each unit, roles and responsibilities, authority limits and boundaries, reporting and escalation lines,
makers, checkers and approvals. These policies and procedures are reviewed and updated periodically to build and
strengthen a risk culture and good corporate governance.
In addition to policies and procedures, the Bank also maintains risk appetite related to Operational Risk which is adjusted
to applicable regulations, provisions and best practices.
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RISK MANAGEMENT PROCESS
The operational risk management process is applied on products, activities, processes and main system in the Bank
and performed throughout the Bank’s Defense Lines, particularly the First Line of Defense (Business Units and Support
Units) which is assisted by the Risk Control Unit (RCU) that has been formed.
Risk Control and Risk Follow-Up and
Risk Identification Risk Measurement
Management Reporting
• Describe events that impact • Determine the probability of • Risk mitigation planning • Follow up on results
the achievement of specific risk events occurring in the • Review of all possibilities that achieved after actions has
objectives of the Bank’s future. can be a source of operational been implemented.
business and support • Evaluate the impact of risk risk mitigation • Monitoring operational risk
functions. events that are occurring. • Re-evaluation of risks if exposures and its mitigation
• Review various sources of • Determine the level of risk, needed and adjusting processes.
risk. whether acceptable or not. priorities. • Operational risk
• Develop a comprehensive • Periodic and thematic reviews exposure report to senior
list of possible scenarios of to see potential control management, committees
potential operational risk weaknesses in design and and regulators.
exposures. implementation. Thematic
• Categorize risks according to reviews can be conducted
different types of operational by all lines of defense of
risks. the Bank, individually or
collaboratively, as an effort to
prevent and mitigate risks.
Operational Risk Management Working Tool
Loss Event Data Risk & Control Self-
Key Risk Indicators (KRI)
Management (LEDM) Assessment
The process of recording and documenting A structured approach that enables the 1st line Operational risk indicators are monitored on
operational risk events, including the to identify and assess key risks and controls a regular basis to serve as an early warning
escalation process and root cause analysis, to plan appropriate corrective actions to system for Business Units (BU) or Supporting
in an effort to improve and mitigate risks, minimize risk exposure, including ensuring Units (SU) to take corrective action on the
including lesson learnt sharing to prevent the effectiveness of control design through operational risks they face.
similar events from recurring in the future. regular testing.
Significant Change
Control Issue Product Implementation
Assessment Process
Management (CIM) Process
(SCAP)
A systematic and structured framework that Documentation process of new product The process of risk review and control of
records, monitors and manages operational and activity implemented across all internal process changes, especially those
control issues including overall operational business units, including the adequacy of that have a significant direct effect on
risk mitigation. risk identification, measurement, control the Bank’s business continuity, aimed at
and risks mitigation, before products and optimizing the risk reward trade-off with the
activities are offered to customers. Bank’s Risk Appetite.
Operational Risk Scenario
Business Continuity
Analysis (and Stress Anti-fraud Strategy
Management
Testing)
The process of analyzing the level of The anti-fraud strategy is elaborated in 4 The Bank realizes that organizations cannot
operational risk capital adequacy under pillars of interrelated processes, namely (i) avoid disruptions/disasters caused by nature
stress conditions. Scenarios used to test the prevention, (ii) detection, (iii) investigation, or humans. Damage not only affects the
sensitivity of operational risk faced by the Bank reporting and sanctions, and (iv) Monitoring, technological capabilities of a Bank, but also
are translated into idiosyncratic scenarios and Evaluation and Follow-up which have been impacts the Bank’s business operations,
parameters, used to calculate the impact on explained in more detail in the Anti Fraud especially services to customers. If not handled
economic capital requirements (in addition to Management section. specifically, the impact will lead to other risks
regulatory capital). such as reputational risk which can reduce the
level of customer confidence. To minimize this,
the Bank has Business Continuity Management
(BCM).
Management information system must be able to provide complete and accurate operational risk exposure reports and
information on a timely manner to support decision-making process by the Board of Directors.
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START
RCSA KRI LED NPA SCAP
• Assess Key Risk • Determine Attribute • Root Cause Analysis • Review Risk & • Review Risk &
• Assess Key Control & Threshold • Completeness Control Control
• Assess Residual Risk • Determine Owner of Required • Identify Gaps of • Identify Gaps of
• Regular Update the Information Control Design Control Design
Value
Any control weakness Any breach of Amber/ Any control gap Any control gap
Any mitigating action?
identified Red Threshold? design unresolved? design unresolved?
End Yes/No End Yes/No End Yes/No End Yes/No End Yes/No
No No No No No
Yes Yes
Yes Yes Yes
CIM
RCSA : Risk Control Self Assessment Approval for Recording
KRI : Key Risk Indicator
LED : Loss Event Database ShARP
CIM : Control Issue Management
Monitor & Closing
NPA : New Product Approval
SCAP : Significant Changes Assessment Process
ShARP : An Integrated System which cover all
operational risk modules END
INTERNAL CONTROL
As part of risk mitigation, to ensure the effectiveness of • Effective, independent and objective review of the
the internal control system, the Bank has implemented Bank’s operational activity assessment procedures.
clear segregation of duties to avoid conflicts of interest. • Continuous and periodic review and verification over
All matters that could potentially trigger a conflict of Bank’s weaknesses to fix the deviations.
interest must be identified, minimized and monitored
independently, by establishing reporting lines and An effective internal control system requires the
clear functions in the business or support units which establishment of an appropriate control structure, by
are separate from business units that perform control describing control activities at each business level. This
functions. includes a review by Top Level Management; appropriate
control activities for each different section or division;
The internal control system in the implementation of monitoring compliance limit exposure and follow-up for
operational risk management includes the following: non-compliance; approval and authorization systems;
• Conformity of the internal control system to the and verification and reconciliation systems.
type and level inherent risk in CIMB Niaga’s business
activities. In implementing effective internal control system, the
• Determination of authority and responsibility for Bank has established clear segregation of duties and
compliance, procedures and limit monitoring. assignment of employees that have no conflicts of
• Establish clear reporting lines and segregation of interest. Any issues that could potentially trigger a conflict
functions between the business/supporting units of interest must be identified, minimized and monitored
with working unit which responsible for the control independently.
function.
• Organizational structure that clearly describes the
Bank’s business activities.
• Adequate procedures to ensure the Bank’s
compliance with applicable laws and regulations.
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In terms of information technology and cyber risk mitigation, the Bank performs periodic assessment of various
potential events/incidents that may occur including the impact and consequences of an event by considering the factors
triggering the event/incident such as threats, vulnerabilities, exposure, and asset value.
Risk assessment and the selection of risk mitigation activities that will be taken must be part of the development and
implementation of each system. This policy regulates matters related to Information Technology risk management
including the Risk Assessment process.
IT risk management is carried out by considering the following:
1. Availability of Information Technology Risk Management Policy document which is updated periodically.
2. Availability of IT risk library applicable to the situation and constantly updated according to the results of the IT risk
assessment.
3. Risk identification has been carried out periodically to ensure security threats and weaknesses have appropriate risk
mitigation.
4. Ensure that any identified risks have been documented and updated in a timely manner.
5. Availability of relevant IT controls as a form of mitigating steps for risks that have been identified to minimize the
risks that the Bank is exposed to in accordance with the pre-determined risk appetite/risk tolerance.
6. Documentation of all identified IT risks and controls in the operational risk management tool or system.
Regarding cyber risk, in order to achieve a state of cyber resilience, it is very important for the Bank to understand the
phases of a cyber attack, which is aimed to determine the controls that will be implemented to manage each type of
attack. The cyber attack phase, also known as the Cyber Kill Chain, consists of seven stages, which are as follows:
7
6
5 Actions on
Objectives
4 Command & After the entire
Control network is
3 Installation In this phase,
The process of controlled, the
2 Exploitation the attacker attacker will
installing specific prepares to
By using a pre- carry out his
1 Delivery malware into take control
made exploit, the system/ main goal in this
Weaponization The process the attacker of the entire
application that cyber attack, for
The process of sending the begins to carry target network
Reconnaisance is the target of example: data
of creating an prepared exploit out an attack (not just a
A scouting the attack. theft, money
exploit that will to the attack to gain access specific system/
process theft, etc.
specifically be target. to the system/ application as
performed to in the previous
used to attack application that
get an idea of phase).
the target is the target of
the target of the
that has been the attack.
attack.
scouted in the
previous phase.
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The Bank has possess cyber resilience capabilities through the cyber resilience development process as follows:
Cyber Resilience Development Center
The process of The process of detecting
identifying, classifying,
1 2 3 4
cyber threats and
The process of Emergency response
and prioritizing critical protecting against cyber
consistently monitoring process and recovery
business functions, incidents to ensure
cyber events. from cyber incident.
information assets, and information assets are
associated cyber risks. protected.
Cyber Resilience
Anticipate Resilience Recovery Evolution
The ability to make
Readiness to always deal The ability to continue business The ability to restore business
adjustments to business
with undesirable events and functions in the event of an functions during and after an
functions and support
ensure business activities and undesirable event. adverse event.
functions to be able to
business functions can still be
minimize the impact of the
carried out.
occurrence of unwanted
events.
The Cyber Risk Management Framework is divided into 5 phases as follows:
2 Protection
3 Detection
1 Identification Describe the appropriate controls
to ensure the continuity of critical
Activities to identify the possibility of
cyber security incidents. In this phase, the
infrastructure services. identification of cybersecurity incidents
can be known early.
Build a common understanding across
the Bank regarding risk management
and cyber security of the Bank’s
systems, functions, assets, personnel,
and data. Understanding the business
context, critical business function
support resources, and cybersecurity
4 Response
5 Recovery
risk exposures will support the Bank in
determining the focus and prioritization Activities that must be carried out in Activities that must be performed to manage
of cyber resilience implementation. connection with a cybersecurity incident. the recovery plan to the planned service level
In this way, the impact of a cybersecurity so that services affected by a cybersecurity
incident can be limited in an integrated incident can continue to function properly.
manner.
Table 9.a. Disclosure of Operational Risk - Bank only
(in million Rupiah)
No. Details 31 December 2023
1 Business Indicator Components 1,203,928
2 Internal Loss Multiplier Factor 1
3 Operational Risk Minimum Capital 1,203,928
4 RWA for Operational Risk 15,049,104
Table 9.b. Disclosure of Operational Risk - Bank on a Consolidated Basis with Subsidiaries
(in million Rupiah)
No. Details 31 December 2023
1 Business Indicator Components 1,285,811
2 Internal Loss Multiplier Factor 1
3 Operational Risk Minimum Capital 1,285,811
4 RWA for Operational Risk 16,072,634
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Highlight Report Profile Discussion & Analysis Management
Reputation Risks
Reputation risk arises from a decrease in the level of trust from The Bank prepares Reactive Statements and Frequently Asked
stakeholder due to negative perceptions towards the Company. Questions (FAQ) as preparation and anticipation to respond
Accordingly, CIMB Niaga conducts comprehensive analyses should there be any questions from mass media, customers or
and evaluations of both new and existing products and services stakeholders regarding issues or news potentially harming the
The Bank relies on the principles of TARIF (Transparency, Bank’s reputation.
Accountability, Responsibility, Independence, and Fairness)
to guide all of its business activities, not only to protect its RISK MANAGEMENT PROCESS
reputation, but also to forge strong relationships with its Overall, the Bank continues to cultivate the importance of
stakeholders. The Bank continuously monitors news coverage reputation risk management for all employee levels, by
in both mass media and social media, including customer socializing the Bank’s vision and corporate values.
complaints, so that the measures to address/anticipate any
news with negative sentiment potentially impacting the Bank’s As part of the reputation risk management process, the Bank
reputation can be carried out immediately. provides communication media for customers if they experience
inconvenience during transactions. This is evidenced by the
As for the effective implementation of reputational risk Bank’s serious commitment in providing social media services
management, CIMB Niaga has established Sub Directorate through official CIMB Niaga accounts on Twitter @CIMBNiaga,
Marketing, Brand & Customer Experience (MBCX) through Facebook ‘CIMB Niaga’, Instagram @CIMB_Niaga, as well as the
Corporate Communications Group which monitors the Bank’s CIMB Niaga 14041 service which operates 24 hours.
reputation supported by other units such as Strategic Marketing
Channel, Analytics & Budget Group (for handling social media), In addition to complaints, the Bank considers customer
Customer Care and Customer Care VIP & Media. feedback on how to improve Bank services, which are monitored
through Customer Relations Management (CRM) system,
GOVERNANCE which serves as a bank-wide system for recording customer
The Board of Commissioners and the Board of Directors complaints. Every recorded complaint can be immediately
perform the reputation risk management oversight function escalated to the appropriate unit to handle and resolve. The
in accordance with their authority and responsibility, in Bank understands that customers will feel more valued when
collaboration with the unit in charge of the reputation their input or suggestions are heard and considered. This will
management function, such as the governance of reputational have a positive impact and serve as a good recommendation,
risk, which covers the following: and also differentiate CIMB Niaga from other banks. Every time
1. Evaluation of current issues, a complaint or input is received, a team of experts in their field
2. Information on news developments in the market, is assembled to ensure that the situation is handled properly
3. Stakeholders’ perceptions and publications from mass and appropriately.
media and social media, both reader letters and articles
4. Customer complaints that have a significant impact on the In addition, the Bank, through the MBCX Sub Directorate, also
Bank’s reputation. monitors news or customer complaints submitted via mass
media and social media in order to provide quick, precise and
As part of active oversight by the Board of Directors, the Bank responsible responses. To neutralize the negative sentiment
has also established Customer Experience Committee (CXC) that emerged from the news, MBCX has made efforts by
which performs regular supervision regarding Customer adding keywords to the listening tools connected directly to the
Experience issues, particularly handling customer complaints. Bank or to the parent company as the majority shareholder,
Reputation risk is also one type of risks discussed by the management at the parent company, and Malaysia as the
Operational Risk Committee (ORC). country where the main business area of the parent entity is
located.
POLICIES, PROCEDURES, AND
ESTABLISHMENT OF LIMITS INTERNAL CONTROL
In managing reputation risk, CIMB Niaga has developed policies, CIMB Niaga has adopted an internal control system that covers
procedures and mechanisms to improve service quality regular monitoring of customer complaints or negative news/
including handling complaints from stakeholders (customers, issues with material impact on the Bank’s reputation, and
stakeholders, and others) that are embedded in the policies. also reputation risk control culture which involves all business
lines. In addition, risk control is conducted by taking immediate
corrective measures, to maintain reputation risk in accordance
with the Bank’s risk tolerance limits.
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Compliance Risks
Compliance Risk Management aims to minimize the The Bank has developed a compliance framework
negative impact from the actions committed by the Bank and policy that covers the roles and responsibilities of
that are not complying with or not implementing the rules three lines of defense in implementing compliance risk
and regulations from authorities or regulators. The Bank’s management. The Bank also performs regular reviews of
Compliance Principles are (1) Compliance starts from the the Compliance Risk Appetite which is part of the overall
top; (2) Compliance is the responsibility of all parties; Risk Appetite Statement.
(3) Compliance with applicable laws and regulations; (4)
Competence and integrity; (5) Stakeholder oriented; (6) RISK MANAGEMENT PROCESS
Dedication to the Bank; and (7) Problem-solving oriented. The compliance risk management process in
implementing compliance principles and policies is
GOVERNANCE realized by conducting compliance programs, including:
The Board of Commissioners and Directors are supported • Socialization and training activities to strengthen and
by the Risk Management Committee, Risk Oversight improve Awareness and Compliance Culture.
Committee (KIPER) and Audit Committee to perform • Compliance testing activities for internal regulations,
active supervision over compliance risk management. new products and activities as well as providing
Supervision is performed to ensure the effectiveness compliance opinions to comply with regulations.
of compliance risk management implementation and • Commitment monitoring activities to Regulators.
supporting Compliance Culture based on compliance • Self-assessment activities for compliance risks.
policies and risk management framework. The Board
of Commissioners and Directors regularly receive Bank INTERNAL CONTROL
compliance reports and provide the necessary guidance Internal control over the implementation of compliance
to support the Compliance Culture in the Bank. risk management is reviewed by external parties,
including the Regulator. In addition, other independent
The Bank has assigned Director who oversees the units such as Risk Management Unit (SKMR) and Internal
Compliance Function (Compliance Unit/SKK). SKK is an Audit Unit (SKAI) also perform reviews of internal control
independent unit that carries out compliance functions in compliance risk management.
as required under OJK regulations.
A more detailed explanation regarding the Compliance
To support all business units in implementing compliance Unit (SKK) and reports on the implementation of SKK
aspects, SKK prepares a Compliance Plan and Program on duties are available under Compliance Unit section.
annual basis. The realization and achievements of SKK in
carrying out Compliance Programs and Activities during
2023 are provided in more details under Compliance Unit
section in this report.
POLICIES, PROCEDURES, AND
ESTABLISHMENT OF LIMITS
Compliance Principles and Policies are approved by
the Board of Directors and each leader in all business
units who are directly responsible for implementing
compliance in their respective units, including ensuring
corrective steps for non-compliance and monitoring the
implementation of these corrective actions.
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Legal Risks
Legal risk is a risk that arises as a result of lawsuits and/ POLICIES, PROCEDURES, AND
or weakness in juridical aspects. Weakness in the juridical ESTABLISHMENT OF LIMITS
aspect caused by weak contractual agreement made by The Bank has established policies and procedures for
the Bank, due to the absence and/or changes in statutory managing legal risk that serve as the standard guidelines
regulations resulting to inconsistent transaction/ for legal risk management to provide protection for the
engagements compared to the provisions, and litigation Bank’s actions in accordance with prevailing regulations,
process arise from a lawsuit by a Third Party against the both internal and external. In addition, the Bank has
Bank or vice versa. developed an approval mechanism for legal risk limits,
including signing an Agreement/Memorandum of
The legal risk management function is conducted by the Understanding or other legal agreement on behalf of the
Legal Unit with the following roles and responsibilities: Bank. This policy is conveyed to employees through the
1. Perform evaluations in accordance with past Bank’s internal system and e-mail blast as a means of
experiences of losses and/or industry experiences socializing and increasing employee awareness regarding
due to legal risks. the legal aspects implemented within CIMB Niaga.
2. Conduct analysis on legal risk exposure reports.
3. Ensure that legal risk management is conducted in RISK MANAGEMENT PROCESS
accordance with applicable risk management policies CIMB Niaga ensures the adequacy of risk identification,
and procedures. assessment, monitoring and control processes, as well
4. Provide advice to improve legal risk management. as risk management information systems to avoid the
5. Evaluate the effectiveness of legal risk management potential litigation or legal claims. The process is carried
that has been implemented. out by the Legal Work Unit in the form of actions to
prevent and/or minimize the possibility of legal risk.
GOVERNANCE
The Board of Directors and Board of Commissioners carry The legal risk management process is conducted as
out active supervision through evaluation and decide follows:
corrective measures that need to be taken regarding 1. Establishment of a new banking product or activity;
legal risks based on legal risk profile reports submitted 2. Policy formulation and/or before implementing a
periodically. The Bank constantly ensures adequate legal transaction/engagement until the resolution of legal
risk mitigation for all Bank business and operational problems that occur;
activities. 3. Post-mortem review of the legal aspects of a product
or the execution of a transaction;
In principle, legal risk management aligns with corporate 4. The process of handling the law in a professional
governance policies and code of conduct which describes manner and reserving costs for potential losses (if
the values adhered to by the Bank and also sets the needed).
standards of behavior for all levels at CIMB Niaga.
INTERNAL CONTROL
A comprehensive internal control system is conducted
through a regular review process by business units under
the Legal Unit in collaboration with the Risk Management
Unit and the Internal Audit Unit.
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Strategic Risk
The future growth of the Bank’s business is closely related to the strategic decision making carried out by the Bank.
Therefore, the Bank constantly strives to improve the quality of strategic risk management, so that risks arising from
inaccuracies in making and implementing strategic decision, as well as failure to anticipate changes in the business
environment, can be minimized or prevented. The Transformation and Strategy Unit is responsible in managing strategic
risk and reporting the bank’s performance to the Board of Commissioners, the Board of Directors, and the Regulators.
GOVERNANCE
The Board of Commissioners and Directors conduct active oversight and management functions in accordance with
their authority and responsibility in determining the direction, strategy and focus of the Bank’s business. In addition,
the Board of Commissioners and Directors ensure that the Bank carries out its activities in accordance with its risk
management framework and business plan and consider risk exposures that the Bank faces.
The Board of Directors provides general guidance to all units regarding the focus to be implemented by each unit. The
performance evaluation process for implementing the Bank’s strategy is carried out periodically by the Board of Directors
and senior management, including the Performance Management Meeting (PMM). At the Board of Commissioners
level, performance evaluations are also performed periodically to ensure that the business decisions made by the
Board of Directors have positive impact on the Bank, align with the Bank’s strategy and effective in providing added
value to shareholders.
POLICIES, PROCEDURES, AND ESTABLISHMENT OF LIMITS
CIMB Niaga prepares General Policies which serve as guidelines for implementing the Bank’s business strategy and
focus. For the purpose of identifying risks and responding to changes in the business environment, both external
and internal, the Bank periodically analyzes the industrial environment which can influence the Bank’s income and
business sustainability, both from a macro and micro economic perspective. The following is a general description
of the Bank’s Strategic Risk Management framework.
1 2 3
Key Strategic Strategic Risk
Strategic Risk Oversight
Initiatives of the Assessment and
Mechanism
Bank Evaluation
• Directions & Strategies • Risk Identification • Preventive Control
• New Market Development • Risk Evaluation • Monitoring Control
• Acquisitions, Cooperations • Corrective Control
and Divestments
• Business Integration and
Transformation
• Bank Structure & Finance
4 Governance & Information Disclosure
• Stakeholder Engagement and Consent
• Information Disclosure
The general policies or strategic directions formulated by the Bank are implemented in a short-term or medium-term
perspective. One of which is by preparing a Bank Business Plan (RBB), which is a plan for the Bank’s business activities
for the short term (one year) and medium term (three years), including plans to improve business performance, new
product and activity plans, network development plans, as well as strategies to realize such plan in accordance with the
established targets and time, while still observing the compliance with prudent principle and the implementation of risk
management.
The principles underlying the Bank’s Strategic Risk Management Policy are as follows:
1. The main strategic initiatives must be aligned with the Bank’s vision and mission, and also stated in the Bank’s
Business Plan;
2. All major strategic initiatives must be supported by appropriate risk analysis, projections and assessments;
3. Proposed major strategic initiatives must be approved and reported through appropriate governance structures;
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4. Ownership clarity of each strategic initiative. Stakeholders are responsible for project outcomes and risk
management;
5. All major strategic initiatives must comply with the Bank’s internal policies/framework;
6. Accountability which means that ongoing performance monitoring is required to ensure initiatives are running as
expected.
RISK MANAGEMENT PROCESS
CIMB Niaga ensures the adequacy of the processes for identifying, assessing, monitoring and controlling strategic risks,
including by analyzing the realization of business plans and also analyzing the business environment.
The process of measuring strategic risk is carried out by using several parameters, including analyzing the conformity of
the current strategy with the business environment condition, the Bank’s position among competitors and the realization
of pre-determined Bank Business Plan (RBB). The Bank also monitors at all times the achievement of business plans and
performance.
The Bank has implemented medium-term strategic pillars which serve as a reference in running and strengthening
business in a consolidated manner with subsidiaries, including:
Strengthen funding Maintain capital levels
structure with focus and balance on risk
on CASA management culture
Focus on business Utilize and develop
Discipline on cost
lines that are the the use of information
management
Bank’s strengths technology
Furthermore, the methodology adopted in managing strategic risk is depicted in the diagram below:
Continuous Monitoring and Reassessment of Risks
Proposal Risk Analysis & Manage & Mitigate
Risk Identification
Submission Evaluation Risk
Description • Project owner together with • Related parties (including RMs) will • The project owner together
relevant parties to identify key analyze the risks in more detail to with relevant parties develop
risk areas assess the magnitude of loss and mitigation measures to
• Identified risks are reviewed by the probability of occurrence of the control risks with high impact.
Risk Management (RM), SIR & identified risks • Implement 3 types of
other stakeholders. • Focus on risks with a high level of controls, namely: preventive,
impact (high level of loss or high level monitoring and corrective
of risk probability) controls.
• Ensure that relevant parties are aware
that risks with a high level of impact
have been identified.
Parties Involved • Project owner • Project owner • Project owner
• SIR • SIR • SIR
• RM • RM • RM
• Consultation with relevant • Consultation with relevant
stakeholders stakeholders
Communication & • Conduct regular updates to RM, SIR and other key support units (e.g. Finance, Legal, Compiance, etc.)
Consultation • Red flags must be escalated to Senior Management (BMC)
INTERNAL CONTROL
Strategic risk management control includes regular supervision of the Bank’s performance which has an impact on
the Bank’s revenue and a culture of strategic risk control that involves all Bank business lines.
CIMB Niaga is also seeks to improve control over strategic risk by determining a measure of the success of a strategy
based on measurable numbers.
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Intragroup Transaction Risks
Intragroup Transaction Risk represents the risk resulting RISK MANAGEMENT PROCESS
from the dependence of an entity, either directly The Bank has identified, measured, monitored and
or indirectly, on another entity within a Financial controlled the risk on asset and liability composition
Conglomeration in order to fulfill written and unwritten as well as the fairness of transactions among financial
agreement obligations, with or wihout a subsequent institutions within the financial conglomerate.
transfer of funds. Periodically, the Finance and Risk Management Unit
monitors intragroup transaction risks to ensure
CIMB Niaga implements intragroup transaction risk compliance with limits, such as BPMK and fairness
management for the Financial Conglomerate which principles. Controls through policies and limit setting are
currently only consists of Banks and Subsidiaries. The created in accordance with the Bank’s risk appetite.
Governance of the Financial Conglomerate assures
the fairness of transactions carried out between the The reporting process for intragroup transactions is
member entities of the Financial Conglomerate to avoid supported by an adequate Management Information
significant dependence between members. The process System (MIS).
of measurement and monitoring is carried out, among
others, through monitoring of certain ratios, such as INTERNAL CONTROL
gearing ratios, as well as compliance to the Legal Lending In line with internal control practices for other risks, CIMB
Limit (BMPK) requirements of related parties and Arm’s Niaga conducts regular monitoring and evaluation of the
Length Principle. Company’s risk exposure and financial performance,
including intragroup transactions which are then
GOVERNANCE reported to the Board of Directors and the Board of
As part of active oversight, the Board of Commissioners Commissioners, along with a report on the follow-up
and the Board of Directors receive reports on intragroup actions that will be taken.
transactions periodically. Reporting on intragroup
transaction exposure is provided periodically to
determine that the intragroup risk to be taken is based
on the results of analysis of the composition of assets
and liabilities, and also assessment of the fairness of
intragroup transactions in accordance with business
complexity.
POLICIES, PROCEDURES, AND
ESTABLISHMENT OF LIMITS
The Bank has established adequate policies and
procedures to manage intra-group transaction risk based
on applicable regulations. The policies and procedures
are reviewed periodically to ensure their adequacy.
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Risks of Returns
Rate of Return Risk is the risk resulting from changes in RISK MANAGEMENT FRAMEWORK
the rate of returns paid by the Bank to customers, due The management of rate of return risk is carried out
to changes in the rate of returns received by the Bank by the group that is responsible for Asset & Liability
from distributing its financing. Changes in these rate of Management (ALM) Risk Group. Risk monitoring is
returns can influence the behavior of the Bank’s third carried out periodically and should there be any increase
party customers since they have expectations of a certain in limits due to worsening conditions, such matter will
level of return. Changes in expectations may roots from be escalated to the relevant committees, such as Risk
internal factors such as a decrease in the value of bank Management. Committee (RMC) and Asset & Liabilities
assets and/or external factors such as increases in Committee (ALCO) or Pricing Committee.
returns offered by other banks. Changes in expected
levels of returns can trigger a transfer of funds from the RISK MANAGEMENT PROCESS
bank to other banks. The process of identifying, measuring, monitoring and
controlling rate of return risk is carried out by ALM Risk
RISK GOVERNANCE as a unit that is independent from the risk-taking unit.
The risk oversight of the rate of return by the Board of This process is supported by adequate infrastructure
Directors is conducted through the Pricing Committee and human resources in accordance with the scope and
and Assets & Liabilities Committee (ALCO). These complexity of the Bank and Sharia Business Unit business
committee manages return risk in accordance with the environment.
Bank’s risk appetite. Risk limits, policies, and procedures
for managing rate of return risk for the Sharia Business
Unit (SBU) follow the direction or decision of the Pricing
Committee.
The Board of Commissioners monitors the rate of return
risk periodically through the Risk Oversight Committee
(KIPER).
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Investment Risks
Investment risk lies in Mudharabah/Musyarakah contract- Since investment risk also represents financing risk but with
based financing at UUS CIMB Niaga in the form of revenue the specialization in revenue-sharing contracts, therefore
sharing whereby the investment risk is relatively lower the governance, control and monitoring of which follows
than profit/loss sharing based financing. In addition, the the financing process in general, including through SKMR
Bank also uses Mudharabah/Musyarakah contracts only which monitors the UUS portfolio periodically, including
for customers with good reputation. For identification, the analysis by economic sector, type of financing contract,
Bank performs an independent risk assessment conducted and other matters. Monitoring results are informed to
by reviewers at the parent bank (four-eyes principle) which Management through the Risk Management Committee.
is in accordance with the DBLM (Dual-Banking Leverage Human resources which support the risk management
Model) concept. Regarding existing UUS accounts, the Bank process serve as a matter of concern. In order to improve
carries out regular and ongoing monitoring, including Days the quality of Human Resources, the Bank has held
Past Due analysis, post mortem reviews, and identification continuous trainings related to Sharia Banking. Internal
of the Early Recognition Watch-List (ERWL). In addition, audits are carried out periodically by the Internal Audit Unit
collaboration is conducted with the Asset Restructuring (SKAI) on Sharia banking practices including Sharia financing
& Recovery/Loan Work Out and Consumer Collection and audit results are followed up by UUS. In addition, the
& Recovery groups in the efforts to resolve financing submission of DPS Supervision Results Reports to SKAI is
problems. Furthermore, the implementation of stress tests carried out to improve the internal control process over DPS
which are carried out periodically, also includes Sharia findings. A review of the risk control system is carried out by
financing to anticipate the worst conditions due to the the Risk Management Unit (SKMR) and SKAI in accordance
influences from internal and external factors. with applicable risk management policies. In order to
identify and mitigate risks on financing products, regular
To support the distribution of financing based on revenue- monitoring has been conducted by Risk Management
sharing agreements to enable proper and prudent Committee.
management, the Bank has prepared policies and
procedures as well as implementation instructions and
systems for its operations.
Remuneration Policy
Please find the discussion on Bank’s remuneration policy under Governance sub-chapter in this Annual Report.
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Review Report Responsibility Data Financial Report
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Highlights Reports Profile and Analysis Management
06
Supporting
Business
Review
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372 Human Resources
388 Operational and Information
Technology
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Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management Human Resources Human Resources (HR) is an integral part of the collective efforts to realize the Bank’s Vision and Mission. HR is regarded by CIMB Niaga as a strategic partner and key business element that contributes not only to banking operations but also to the achievement of common goals. CIMB Niaga designs its human resource management in accordance with industry best practices in order to prepare employees to deal with business challenges and the increasingly dynamic and competitive banking industry. 372 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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STRATEGIES AND POLICIES
In this rapid era of economic and business transformation and development, CIMB Niaga considers its HR development
strategies and policies to be one of the most important pillars in dealing with the challenges of the banking industry’s
evolution. CIMB Niaga prepares human resources to respond to and adapt to future business needs.
In practice, CIMB Niaga maintains its commitment to the 5 (five) pillar strategies it has developed to navigate strategic
policies, which include Strategic Talent Acquisition and being a Talent Magnet, Cultivate Talent & Leadership Brand,
Future Proof Organization, High Performing Organization linkage to Performance and Contribution Based Rewards,
and Operational Excellence for Seamless Employee Experience. Technology, the use of digital data, mindset, values, and
culture all contribute to this main pillar.
Vision
Employer of Choice
Goal
Creating pathway for excellent employee, and to gain trust from our customers, community, regulators and
investors, that we are continuously cultivating:
1. Strong Digital Leadership Brand 2. Highly Performing 3. A Healthy Organization 4. Best in Class HR Practice
HR STRATEGIC AREAS
High Performing Operational
Strategic Talent Cultivate Talent & Organization linkage
Future Proof Excellence for
Acquisition & be a to Performance &
Leadership Brand Organization Seamless Employee
Talent Magnet Contribution based Experience
Rewards
Data, Digital & Technology Embodiment
HR Mindset, Corp. Values & Culture
CIMB Niaga is also constantly looking for ways to provide a safer space for everyone as they collaborate and
innovate in order to support and realize work-life balance play a contributing part in strengthening and cementing
and employee wellbeing through a variety of initiatives, the Company’s business and organizational health.
such as the implementation of Hybrid Working (HyWork)
in work activities with the optimization of technology STRATEGIC TALENT ACQUISITION AND BE A TALENT
to effectively support collaboration and improvement MAGNET
processes and employee capabilities, flexible benefit In order to realize its long-term strategy and adapt
programs, and some other employment-related to technological developments and the increasingly
initiatives. dynamic banking industry, the Bank requires both quality
and quantity of Human Resources (HR). Throughout
In addition, CIMB Niaga is cultivating a stronger culture 2023, the HR Division launched several key programs to
that is firmly rooted in EPICC values while also building support business growth through an HR strategy that
a risk culture that provides guidance for employees’ positions the Company as a talent magnet and top of
day-to-day behaviors and attitudes. Employees who live mind for the best talent, including:
up to the EPICC values should have a positive impact 1. Continuing the Strategic Partnership Program, an
because they can contribute to a positive and productive integrated program that prepares selected students
work environment. This approach is consistent with the from the start of college and harvests their talents
direction of CIMB Niaga’s HR strategy, which embraces immediately after graduation. CIMB Niaga and
the unique difference amongst its employees such as the participating institutions are implementing
background, experience, age, gender and other traits this program by strengthening collaboration with
of strengths that enable the Company to become more universities, courses, and relevant ministries based
adaptive, responsive and resilient in facing challenges and on mutually beneficial principles. This collaboration
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for young talents who want to align their potential
and learn more about banking culture and work
environment while looking for work opportunities
I was pleased to join CIMB Niaga’s Human
through Company Visit, Goes to Campus/Community,
Resources Leadership Program, especially given and Job Fair activities.
the Bank’s long-standing reputation as one of 3. Continuing employer branding through social media
the largest private bank in Indonesia. The Bank’s
goal and quality principles inspire me to develop a
channels and digital platforms that provide specific
successful and meaningful career at this company. information on the best work experience at the Bank,
job openings, and other relevant information in
Given my interest in human resources, I believe
that enrolling in the Human Resources Leadership
order to raise awareness and attract the best talents,
Program was a great step forward because each including competition programs organized internally
session helped me a lot in terms of polishing my by the Bank or in collaboration with external parties.
abilities and learning more knowledge.
The social media accounts also help to bring the Bank
I found the HR program to be quite informative, closer to its external stakeholders, allowing everyone
and I am grateful for the wonderful opportunity to who visits the Bank to have new and positive
be a part of projects that will build organizational
culture and increase productivity within my
experiences.
team. I hope that CIMB Niaga will continue to 4. Continuing the development of employee
maintain its commitment to provide appropriate ambassadors tasked with promoting the Bank’s
and innovative solutions while being adaptable
in order for the bank to achieve organizational
positive image through various offline and online
excellence and sustainably grow. channels.
5. Continuing active participation in the Ministry
of Educational and Cultural Affairs’ Independent
Campus Certified Internship program in every batch
with a total of 420 college students enrolled in 5
batches by the end of 2023. The Bank’s participation
Aurel Natasha Dachi
in this program demonstrates its concern for the
early development of future leaders’ talents.
Human Resource Leadership 6. Providing an entry-level development program
Program
for recent graduates who want to pursue specific
specialization paths. Relationship Manager
Development Program, CIMB Niaga Teller Internship
begins with identifying universities/institutions that Program, Technology Graduates Program, Human
fit the Bank’s talent needs profile, then moves on to Resources Leadership Program, Audit Graduates
investigating activities to implement at each stage Program, Commercial Banking Development
of the study period and providing individual student Program, Emerging Business Banking Development
development material through guest lectures or Program, Talent Acquisition Internship Program,
other activities. The goal is to create a data source Testing Management internship program, and a
for both college students and graduates, and to give variety of other programs are among the ongoing
the most outstanding candidates the opportunity to development programs.
participate in the selection process for entry-level 7. Continuing the Bank’s flagship programs, or The
positions at the bank or to enrol in the bank’s new Complete Banker Programme, which aims to develop
graduate development programs. To achieve this future bench-strength leadership and produce
goal, the Bank regularly holds events on campuses, professional bankers who are competent, broad-
provides offline and online lecture sessions, and minded on the national and ASEAN regional banking
provides scholarship and apprenticeship programs scales, as well as in other industrial sectors, and have
to academically outstanding students. integrity while being able to live up to the Bank’s
2. Setting up various forums for seminars/discussions/ values in order to realize the Bank’s targets and
talk shows/lectures for both Bank employees strategies.
and external parties, including collaboration with 8. In order to find the best external talent for Senior and
universities, communities, and course institutions Professional Hire positions, the Bank has developed
both at home and abroad, in an effort to build a candidate data sources and conducted external talent
positive image while attracting the best talents mapping, as well as strengthened market intelligence
through the CIMB Niaga Career Festival program. This for these key and critical positions.
program is an integrated event designed specifically
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CULTIVATE TALENT & LEADERSHIP BRAND This learning program used a blended learning method
CIMB Niaga encourages all of its employees to gain that focused on experiential learning with a greater
knowledge and skills in digital and data, as part of emphasis on leadership, immersion, and design thinking,
the bank’s efforts to prepare employees for digital delivered through a series of coaching sessions.
transformation and developments in Society 5.0, such as
agile methodology, design thinking, coding, data analysis, CIMB Niaga also follows a structured and integrated
Gen AI empowerment, machine learning, and so on. process for identifying successors and specific
During 2023, the Bank provided digital and data training developments on a regular basis. This is done to
and understanding to 10,453 participants, including key ensure the regeneration of leadership in the Bank’s
management. organization and business processes, particularly in
critical organizational positions.
Talent and Leadership Development Program
In order to ensure that leader employees, especially in Leadership Assessment & Coaching
the Middle Management, to increase the engagement CIMB Niaga conducts Leadership Assessments in order
level, managing, develop and retain their employees so to obtain a complete picture of the leader profile for
they can contribute and work effectively, CIMB Niaga has critical positions. The goal is to assist each leader in self-
launched a leadership program referred internally to as development so that they can contribute fully and be
The Complete Manager. In 2023 as many as 340 Middle prepared to face current and future challenges.
Management level leadership employees were enrolled
in in The Complete Manager program. CIMB Niaga has evaluated over 400 leaders from various
directorates through 2023. Furthermore, the Bank held a
In addition, CIMB Niaga develops its business leaders’ series of development opportunities for senior and junior
leadership skills by creating a strong Digital Leadership leaders, including a Strength Based Group Coaching
Brand. With this program, it is intended that CIMB Niaga Session for 342 people and a one-on-one coaching
leaders will share common digital leadership qualities, session for 60 people.
allowing CIMB Niaga to make significant progress in the
digital era. The Bank continues to develop Digital Learning-based
technology, such as the usage of Virtual Reality (VR)
The Digital Leadership Program for Senior and Middle technology, in order to give an easy, flexible, well-
Management seeks to increase their competencies targeted, and objective-meeting learning experience. VR
in leading digital transformation through the use of Learning delivers learning content related to knowledge,
technology to align business processes and goals while skills, and behavior in the form of 3D animation model
creating an innovation-stirring ecosystem. scenarios and 360 real scenario-based videos in virtual
simulations, making the learning process more impactful
• CIMB Niaga held digital leadership workshops for in terms of goal achievement, immersive, safer, and
34 middle management employees and 27 senior engaging to learning participants.
management employees in 2023.
In 2023, CIMB Niaga added five new VR learning
CIMB Niaga’s other leadership programs include the modules and submodules, bringing the total number
the CIMB Signature Leadership Program, which is a of VR learning modules to 21. These modules and
tiered leadership program designated for high-achieving submodules cover a wide range of topics, including
employees under collaboration with prominent handling customer complaints, opening accounts,
educational institutions, including: handling fires, anticipating robberies, teller service
• CIMB Leading Leaders Development Program standards, Cash Replenishment Machines, phoning
designed for talents at senior management level (15 skills, coaching skills, selling skills, and communication
employees) skills. As many as 20,000 pax learners were engaged in
• CIMB Emerging Leaders Development Program VR technology learning via VR Corner and VR equipment
designed for talents at middle management level (21 distributed across 325 branches in Indonesia. The
employees) Bank currently operates 6 VR Corners and 3 VR Hubs
• CIMB Junior Leaders Development Program, designed in Jakarta, Bogor, Surabaya, Semarang, and Yogyakarta.
for talents at junior management level (12 employees) In the future, CIMB Niaga will open VR Corners in
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Jakarta and other important cities. The Indonesian
Record Museum (MURI) recognized this VR learning
breakthrough as the first bank in Indonesia to employ
VR Learning, meanwhile Indonesia Stock Exchange (IDX) I basically chose CIMB Niaga because of its
recognized CIMB Niaga for its many innovations in the reputation as one of the leading private banks in
use of VR technology as a learning method. Indonesia that is committed to providing the finest
service to its customers.
During 2023, CIMB Niaga added 167 new modules to LoG The Audit Graduates Program at CIMB Niaga
to make it 1,767 modules in total. The latest modules provided me with a thorough grasp of audit
as one of the most important aspects of the
included Credit Academy, Sharia Consumer Financing, Company’s success. The first few months of the
Risk Management Refreshment, Internal Certification Audit Graduates Program have already increased
MLD for Customer Service, Wealth Management & my knowledge of internal auditing, particularly in
the more specialized area of technology auditing,
Bancassurance Evaluation, Haji Muda Investment, and I am confident that having participated in
Against The Cybercrime, and mandatory models that this program will benefit me greatly in my future
included Collective Labor Agreement (PKB), Code of professional path. My aim for the future is that
CIMB Niaga can continue to guide and encourage
Ethics and Code of Conduct, Sustainability Training the younger generation to contribute significantly
Program, Customer Protection & Being EPICC. to the Bank’s growth.
The Bank has released numerous leadership training
modules in LoG, including modules that were
incorporated into the EPICC module that explains how to
live up to EPICC’s key behaviors as a leader. Christoval Aurelius
Jamana
As many as 261,334 participants were registered in
e-Learning and LoG learning throughout 2023.
Audit Graduates Program (AGP)
HIGH PERFORMING ORGANIZATION LINKAGE
TO PERFORMANCE AND CONTRIBUTION-
BASED REWARDS is a practice that encourages and motivates all employees
To help it achieve its corporate goals and aspirations, to continue to excel and contribute to the achievement
CIMB Niaga employs a performance management of all predetermined targets while taking risk factors and
framework. The framework is a series of processes that the Bank’s financial capabilities into account.
begin with performance planning and target setting,
progress to performance monitoring via mid-year OPERATIONAL EXCELLENCE FOR SEAMLESS
appraisals and coaching for employees who perform EMPLOYEE EXPERIENCE
below expectations via performance improvement plans, Through a series of identification processes, role and
and conclude with a year-end assessment process that responsibility mapping through the RACI Matrix, and
will later serve as the basis for determining performance- more effective and efficient new process design through
based awards including assessment components on how Robotics Process Automation (RPA) on high volume
employees live up to the EPICC corporate values. and intensive work, CIMB Niaga has been attentively
consistent in improving employee experience at
To achieve the Bank’s goals and aspirations, CIMB Niaga every stage of their life cycle, including in the areas
employs the following performance framework: of Onboarding, Staff Loans, Learning, and Payroll.
1. Board of Directors: with two sets of performance Furthermore, the Bank is developing a more user-friendly
targets, the Collective Scorecard to measure human resources application that is integrated with the
organizational unit performance and serve as the bank’s other internal systems and allows employees easy
basis for determining the organizational unit bonus access.
pool, and the Individual Scorecard to measure
individual BMC performance. CIMB Niaga has also implemented a 24/7 Technology
2. Employees: performance targets in the form of Chatbot service that is integrated with HR Care as an
Goals derived from the Collective Scorecard of the employee contact center where personnel requests or
Organizational unit. questions can be answered quickly, easily, and efficiently
via various channels such as WhatsApp, email, and
CIMB Niaga offers variable performance-based phone. The technology is used to enhance employee
remuneration for both individual and bank performance, satisfaction, which is measured on a regular basis via
taking into account financial capability and risk factors. It employee satisfaction surveys for the personnel services
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provided, reviewed, and used as a basis for a continuous development of a candidate management system, and
development and improvement process. operates applicant tracking system that supports the HR
strategy to make the Bank an employer of choice.
HR PROFILE
As of 31 December 2023, CIMB Niaga had a total INTERNAL (FROM WITHIN THE BANK)
headcount of 11,116 employees. The reporting year’s Internal recruitment programs are carried out in the
figure corresponds to the Bank’s business operational following methods:
needs and strategy execution, both in terms of quantity 1. The “2+3+3 policy” is a program that allows employees
and quality. The demographic profile of CIMB Niaga’s with at least two years of service and target-meeting
human resources in 2023 and its comparison with 2022 work performance scores to be assigned to a new
are available in the Company Profile chapter of this work location within a three-month transition period.
Annual Report. 2. Internal employee transfer (Internal Movement)
is intended to assist employees in their career
RECRUITMENT development, competency, and capability toward
CIMB Niaga carries out a selective recruitment process, becoming “agile” talents, as well as to reduce potential
a comprehensive selection system, and adequate operational risks. Furthermore, the Bank organizes
infrastructure to attract the best talent. The recruitment career acceleration programs for critical and strategic
of new employees is prioritized for key positions in positions in a structured and integrated manner.
accordance with the Bank’s strategy, where each When open positions cannot be filled internally, the
candidate will go through various comprehensive Bank will turn to external recruits.
evaluation processes, both administrative and 3. Getting potential employees involved in cross-
competency-based. functional projects to help them rapidly gain skills
and experience in other units.
Administrative evaluation is examining employee 4. Implementing Cross-Border Talent Mobility by
background and educational, employment, and financial providing employees with the opportunity to self-
histories, as well as potential money laundering (using develop through short-term assignments to various
the Debtor Information System (SID) & Anti-Money functions or units both within and outside the
Laundering database owned by the Bank), social media, country. Employees should benefit from this program
and health conditions. by broadening their knowledge and comprehensive
understanding of the Bank’s operations.
Meanwhile, competency evaluation is carried out in
several ways, including: EXTERNAL (FROM OUTSIDE THE BANK)
1. The selection and recruitment process at CIMB Niaga CIMB Niaga conducts an external recruitment program
has applied value-based assessment, in which CIMB that includes, among other things:
Niaga evaluates candidates not only in terms of skills 1. Entry-level and Junior Management provided by:
and work experience but also in terms of conformity a. Disseminating job opening information via campus
to EPICC values as part of the CIMB Niaga work culture. and community portals, course institutions or
The implementation of value-based assessment in training service providers, and virtual career fairs.
the selection and recruitment process at CIMB Niaga b. Disseminating job opening information through
has many benefits, including allowing HR to make social media platforms such as LinkedIn and
more informed decisions in the candidate selection Instagram.
process and building a strong and adaptable team to c. Utilization of technology as an enabler. Utilization
change in line with CIMB Niaga’s EPICC values. of digital platforms throughout the recruitment
2. Leaderless Group Discussion to assess the process, including sourcing and job posting via
competence of prospective employees, particularly links to various job portals and the Kejar Dream
future leaders enrolled in the new graduate application.
development program where they will learn how to d. Scholarships and apprenticeship opportunities
collaborate, analyze, and think innovatively. for academically outstanding students as a fast-
3. Need-based interviewing at multiple levels to ensure track pathway to becoming Bank employees.
that direct superiors are involved in the selection e. Providing entry-level development programs
process. for fresh graduates who will be prepared to be
future leaders of the bank or to pursue specific
The Bank runs a recruitment process to meet its HR specialization paths.
needs both internally (high achieving employees) and
externally; and periodically evaluates productivity and
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FUTURE PROOF ORGANIZATION
The Bank has been implementing and consistently
evaluating the effectiveness of its “Hybrid Working
It had always been my greatest ambition to work
Arrangement” or “HyWork” program since November
in the banking industry, so I began to live an “Ora 2021. This program is a new work pattern for CIMB
et Labora” lifestyle in order to achieve this goal. I Niaga employees in which they can work at the office or
eventually saw an opportunity to make it happen
through the RMDP program at CIMB Niaga,
from home, either alternately or based on the type of
Indonesia’s second largest private bank. relationship with banking operations, document access,
access to internal systems, and other underlying factors.
My participation in this RMDP program provided
me with real training as well as a wealth of
knowledge, skills, and a broad perspective of the To support the HyWork initiative, CIMB Niaga provides
banking world. work support facilities and infrastructure, such as
The CIMB Niaga RMDP program enabled me to
co-working space and virtual collaboration tools, to boost
maximize my potential and interests. I hope that employee engagement and productivity while mitigating
CIMB Niaga can always maximize human resources risks by modifying existing policies and procedures.
through Development Programs that produce
graduates who can make positive contributions
CIMB Niaga also continues to investigate and identify
in the future and help CIMB Niaga innovate and the possibility of adding co-working space to support the
advance. practice of remote working that is aligned with employee
needs, as well as by analyzing employee residence areas.
As it embraces digital transformation, the Bank continues
Mutiara Morent to assess its organizational effectiveness and the
Tanoto adequacy of sustainable capabilities in IT organizational
units as the backbone, all in order to support business
Preferred Development Program expansion needs in the Society 5.0 era.
Batch 7
Aside from that, CIMB Niaga is constantly reviewing and
adjusting its organizational effectiveness in all work units
f.
Collaborating with various universities in and work categories such as revenue generators, digital &
Indonesia and abroad, training service providers data, operations, credit processes, and enablers. The HR
or course institutions, and communities to build unit collaborates with relevant business units to review
student data sources and give the best students the optimization of specific areas beyond productivity
the opportunity to participate in the selection increase, such as operational process enhancement and
process for entry-level positions at CIMB Niaga. improvement, span of control and layer optimization,
g. Informing job openings for Bank employees and team consolidation, and branch analysis.
external parties through discussions/seminars/
talk shows/lectures at events such as guest CAREER DEVELOPMENT AND TALENT
lectures and the CIMB Niaga Career Festival. MANAGEMENT
h. Streamlining the selection and recruitment
process for entry-level employees with One Day TALENT MANAGEMENT
Recruitment to improve the quality and number One of the most important strategies for achieving
of recruitments through faster decision-making a competitive advantage, strategic goals, and future
on the best prospective employees. business needs is talent management. As a result,
2. Senior and Professional Hire by: CIMB Niaga implements a structured, integrated, and
a. Increasing external candidate data sources comprehensive talent management program to manage
(external talent mapping) and improving market and retain its best talent, and aligns the program with
intelligence for key and critical positions. employee career aspirations through a ‘career aspiration
b. Collaboration with third-party vendors to provide survey’, corporate needs, and future individual employee
talent with specific skills to meet business needs. development program plans in accordance with the
c. Using the Staff Get Staff program to build a required competencies for each employee. The bank
network of internal employee relationships. also integrates talent management implementation
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into its Business Plan, both short and long-term. This is
how CIMB Niaga can identify, manage, and develop the
potential of exceptional human resources.
A career in banking had always captivated my
Talent management implementation is divided into three mind, so I was lucky to be accepted in the CIMB
parts: talent classification, succession planning, and Niaga Complete Banker (TCB) program shortly
after I graduated from college. The TCB program
talent development. kept me rotating across the Bank’s work units
through various project assignments, allowing
1. Talent Classification me to learn more about the banking business.
The TCB program not only provided me with hard
CIMB Niaga develops a talent profile that meets skills but also assisted me in maximizing my self-
the needs of the organization. In measuring talent development through numerous soft skill trainings
categories, the profile is used as a reference. The Bank meant to assist me and my colleagues in carrying
out our everyday tasks.
evaluates talent classification using a combination
of performance results, potential, application of the I hope that CIMB Niaga will continue to offer this
Bank’s values in daily activities, and a 360-degree excellent opportunity to its employees so that
they can realize their potential and contribute to
assessment. CIMB Niaga’s business expansion in order to meet
consumer needs in the face of industry challenges.
2. Succession Planning
CIMB Niaga identifies and nominates talent as
successors, as well as assesses readiness to fill critical
positions.
Margareta Viola
3. Talent Development
As part of the ongoing selection of talents and The Complete Banker (TCB)
succession planning, CIMB Niaga remains committed
to investing in providing talent development
programs through various Education, Exposure, and
Experience programs that are carried out in a specific
and structured manner in order to improve talent developing participants’ knowledge and skills related
competence while making them more ready to fill the to the ASEAN national and regional banking industry,
intended positions as part of the talent classification as well as other industries, by providing experience,
process and appointment of successors. During 2023, exposure, learning, and job training in various functions/
interventions were made in the Top Talent category, business units available at the Bank, including the CIMB
which included all employees one level below the Group throughout the ASEAN region. The TCB program
Board of Directors, in an effort to increase their is expected to sharpen and train program participants’
competence while preparing them to fill key and strategic, agile, innovative, solution, cooperation, and
critical organizational positions. The intervention leadership thinking skills. This should improve TCB
took the form of structured training, assignments, graduates’ ability to become Universal Bankers and
and participation in the Bank’s strategic projects. Universal Leaders capable of filling senior management
positions in the next 7-10 years.
FUTURE LEADER DEVELOPMENT
The Future Leader development program aims to develop To ensure that young talents receive a structured and
future leaders’ competency and leadership skills while sustainable development program, CIMB Niaga has
also ensuring the availability and readiness of leadership integrated this program into its career development
successors and key positions at the bank. Through this plans, performance management, succession plans, and
program, CIMB Niaga ensures that leadership succession retention programs. Furthermore, through assignments
at the Bank runs effectively. In 2023, the Bank was in various key projects across functions/units, TCB
running a leadership program in collaboration with CIMB graduates gain continuous exposure.
Group and other preeminent institutions that is grouped
into 3 category levels: Senior Leaders, Emerging Leaders As the pandemic was brought under control, the Bank
& Junior Leaders. began to reopen opportunities for cross-border TCB
assignments aimed at transferring knowledge and
THE COMPLETE BANKER providing new exposure to TCBs related to processes,
The 24-month Complete Banker (TCB) program has products, markets, and diverse work environments.
been one of the Bank’s flagship programs since its Through sharing and team-building sessions, the
inception in 2010. This program has a specific goal of TCB development program involves the entire TCB
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Enabler. TCB graduates were assigned with the following
positions as of 31 December 2023:
Coming from a social political science background,
THE COMPLETE BANKER
my interest in the banking sector began with an TCB 2023 2022
understanding of how banks play a systemic role
Senior Vice President 2 1
in the economy. The challenges of maintaining
stability and making positive contributions have Vice President 18 15
always fascinated me working in the banking
Assistant Vice President 28 27
sector. CIMB Niaga’s vision of becoming a leading
bank in ASEAN is an impressive one. The Bank’s Senior Manager 28 25
commitment to providing universal banking
Manager 77 54
services in the region influenced my decision to
join, and it inspired me to pursue The Complete Assistant Manager 0 0
Banker (TCB) program.
Still enrolled in Educational program 82 88
The TCB program demonstrates its thoroughness Total 235 210
through training sessions, assignment rotations,
and other activities. During the interview, I noticed
CIMB Niaga’s desire to understand and maximize
the potential of each individual. To me, TCB is a HR COMPETENCY DEVELOPMENT
valuable opportunity. This program has enabled
me to participate in strategic projects, providing
numerous learning opportunities. CIMB Niaga
COMPETENCY DEVELOPMENT PROGRAM AND
has given me the opportunity to interact with OBJECTIVES
over 10,000 people from various directorates. I CIMB Niaga manages and develops HR competencies
am confident that CIMB Niaga will soon realize its
established vision.
with the support of an integrated approach that is
specifically designed to take into account employee
needs, organizational and business goals in the short and
long term. During 2023, the Bank conducted preliminary
research on technical competency mapping for each of
Rahadian Fikri the job functions and job categories, which it could later
Ragilkusumo use as a key reference in its future efforts to develop
higher HR competency.
The Complete Banker (TCB)
Human resource competency development is
accomplished through three main principles, which are
outlined below: experience, exposure, and education.
community as well as the Bank’s senior leadership.
Furthermore, the TCB community has an informal 1. Experience
mentoring and involvement program in the arts, sports, HR competency development is carried out through
social, and community fields known as “TCB Mengajar.” the expansion of duties and responsibilities, job
The program educates elementary school students in rotation through a structured and integrated talent
several Indonesian regions about the culture and history development program and opportunities given to
of their communities, introduces English and financial employees for internal movement according to future
literacy, and raises awareness about saving from a young career aspirations designed according to career paths
age. to support increasing employee competency to meet
the expected success profile.
In order to prepare for the development of Society 5.0,
the Bank has modified the TCB program curriculum to 2. Exposure
include additional material and exposure to digital and The Bank also focuses on providing exposure for
data skills. Participants will gain skills that will help them HR development through various programs such
with digitalization and bank transformation, such as as coaching and mentoring, networking platforms,
Digital Awareness, Design Thinking, and Data Analytics. assignments in various cross-border or cross-
functional strategic projects, assignments in CIMB
CIMB Niaga had recruited and enrolled 490 graduates Niaga or CIMB Group subsidiaries in various countries
of prestigious Indonesian and international universities through the Cross Border Talent Mobility program,
in the TCB program by the end of 2023. The graduation and learning from fintech or start-up businesses that
rate for program participants was 85%. Graduates will have become the Bank’s partners. Furthermore, the
hold key positions in the Business Unit and as a Business Bank provides employees with the opportunity to
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actively participate in corporate social activities that the Bank’s strategy, education and training programs
support sustainable economic development. derived from the Bank’s various challenges and needs in
carrying out business activities in the banking industry.
3. Training (Education
The provided education and training program is an As of the end of 2023, CIMB Niaga had successfully
integrated program designed to develop individual, maintained its ISO 9001:2015 certification regarding the
managerial, and leadership competencies, as well Provision of Education and Learning Services for the
as specific functional and technical competencies seventh time. CIMB Niaga gained a recognition from the
required to support main business targets such as Jakarta Manpower and Transmigration Office and Bank
sales, customer experience, credit, risk management, Indonesia as a Job Training Institute for Payment Systems
and compliance, while also preparing employees to and Rupiah Money Management (LPK SPPUR).
face the development of Society 5.0. Every employee
is encouraged to gain more knowledge and skills in Currently CIMB Niaga has 7 Competency Based Training
Digital and Data, such as agile methodology, coding, (PBK) Modules for Qualification Level 4 (Executive),
data analysis, design thinking, and so on; using various namely:
learning channels and collaborating with internal and • Fund Transfer Sub Sector,
external parties both within and outside the country • Securities Administration Sub-Sector,
that can encourage the achievement of optimal • Cash Management Sub Sector,
learning process goals. As part of its commitment • Foreign Exchange & Foreign Banknote Distribution
to promoting economic, social, and environmental Sub Sector,
harmony, the Bank also develops educational • Treasury Settlement Sub-Sector,
programs in the area of sustainable finance, including • Trade Finance Transactions Sub Sector.
diversity and inclusion. • Payment Transaction Processing Sub Sector (added
in 2023)
Every employee has an equal opportunity to advance and
develop based on their respective potentials, interests, Apart from that, CIMB Niaga also has 5 Competency
skills, and available/open opportunities in line with the Based Training (PBK) modules for Qualification Level 5
needs of the organization. (Supervisor), namely:
• Fund Transfer Sub Sector,
CIMB Niaga learns how to navigate the new normal • Securities Administration Sub Sector,
with consistency as the Bank transitions into a hybrid • Cash Management Sub Sector,
pattern with a combination of online and offline/in-class • Foreign Exchange & Foreign Banknote Distribution
(offline) learning methods, but without ignoring the use Sub Sector,
of e-learning methods. The Compulsory Certification • Payment Transaction Processing Sub Sector (added
Program, Development Program, Apprenticeship in 2023).
Program, Acceleration Program, Digital & Data Program,
Sharia, Sales & Credit Program (including restructuring In addition, CIMB Niaga has organized education and
programs), Online Learning (Learning on the Go), and training programs for 13,070 employees (including
Virtual Reality (VR) Learning were the focus of learning participants in education programs). Each employee
throughout the year. received up to 20 days of training on average. The
education and training programs offered by the Bank
EDUCATION AND TRAINING included three program models: academy, coaching-
Carrying the value of Enabling Talent (E), CIMB Niaga mentoring-sharing sessions, and online learning.
prioritizes its commitment to empower and develop
every employee and strives to be the best place to work 1. Academy
for the best talents. CIMB Niaga adopts an academic approach to
implement employee capacity and competency
As a result, CIMB Niaga provides equal opportunities for development programs. This method integrates
all employees to participate in training and competency employee recruitment, training, performance
development in a planned and sustainable manner, management, and feedback processes. Service
with due consideration for how to achieve an effective, Academy, Sales Academy, Emerging Business
efficient, and impactful learning objective. Drawing on Banking Academy, Syariah Academy, Leadership
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Academy, Treasury Academy, Operations Academy,
Risk Management Academy, Credit Academy, Audit
Academy, and Digital & Data Academy are among the
academy programs offered by the Bank. I am deeply grateful for the opportunity to
participate in CIMB Niaga’s Technology Graduates
2. Coaching, Mentoring and Sharing Sessions Program (TGP). This initiative provides excellent
support, allowing me to broaden my knowledge of
To foster self-confidence, optimism, and enthusiasm the banking industry. My participation in TGP has
for work, CIMB Niaga communicates the Coaching, provided me with not only insights into a single
Mentoring, and Sharing Session Culture internally. division, but also exposure to multiple divisions,
allowing me to gain diverse and invaluable
This program is also an education and training experience.
method that has a significant impact on the personal
and professional development of employees. The
HR Directorate facilitates both formal and informal
forms of this program. As of 2023, 586 level leaders
and employees were actively participating in the Fian Yulio Santoso
coaching, mentoring, and sharing session programs.
Technology Graduates Program
3. Online Learning
Since 2018, CIMB Niaga has provided online or
e-Learning training and education with digital learning
via “Learning on the Go (LoG)” that employees can
easily install in their personal gadgets. The program is knowledge related to Risk Management and Compliance
also in line with learning through LoG, which provides through various media. The Bank also takes further steps
learning experiences tailored to individual employee and initiatives to implement the Bank’s Core Values,
needs (personalized learning experience). Employees especially the value of integrity, including:
expect a pleasant and useful learning experience, 1. Building an Anti-Fraud Culture and Raising Employee
as well as ease of access to training and education Awareness of the Code of Ethics and Code of Conduct
programs at any time and from any location via online through training programs, campaigns, e-mail blasts,
and digital learning platforms. internal bulletins, workshops, and sharing sessions.
2. Updating and refining the Code of Ethics and Code of
REALIZATION OF COMPETENCY DEVELOPMENT Conduct for all employees.
PROGRAM 3. Attesting a commitment statement for each
The data and discussion of the competency development employee’s implementation of the Code of Ethics
program’s implementation in 2023 are provided in more and Code of Conduct, as well as compliance with the
detail in the Company Profile Chapter of this Annual Integrity Pact, every year.
Report. 4. Encouraging extra discipline and consistency in
the implementation of applicable policies and
COMPETENCY DEVELOPMENT EXPENSE procedures.
During 2023, CIMB Niaga allocated Rp178.8 billion for its 5. Collaborating with independent third parties
HR education and training programs. to ensure independence and transparency in
implementing the Whistleblowing Policy.
RISK AND COMPLIANCE CULTURE 6. Improving Know Your Employee practices
CIMB Niaga embraces its commitment to developing implementation through:
a strong risk and compliance culture based on its a. Socialization of the Know Your Employee (KYE)
corporate EPICC values. To encourage the development framework to all employees, especially People
of a strong risk and compliance culture, the Bank regards Managers.
the application of equality principles and employment b. Policy updates that include additional monitoring
opportunities at the highest level. The approach has aspects and control tools for KYE implementation.
been selected to ensure that all employees carry out c. The implementation of strict monitoring of
their duties and responsibilities with integrity and in employee collectability by giving sanctions to
accordance with their respective skills and competencies. employees with collectability > 1 or proven to
have ignored information and reminders from
Further, the culture of risk awareness and compliance the Human Resources Directorate.
is communicated internally in an intensive manner
by sharing with all employees all information and
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EMPLOYEE TURNOVER The Bank periodically reviews the implementation of its
In order to anticipate employee turnover, CIMB Niaga remuneration system to remain focused on implementing
conducts market analysis and benchmarking, especially dynamic, responsive, risk-based, competitive
for key and critical positions. The purpose is to keep the remuneration pursuant to all applicable laws. In this,
Bank’s turnover in line with future business strategies the Bank uses certain principles: employee competency
and plans for the Bank to remain competitive in the and performance (meritocracy), remuneration practices
market by referring to the Bank’s financial capabilities. applicable in the market (market competitiveness),
the principle of suitability and suitability in accordance
During 2023, the voluntary employee attrition (turnover) with the position, internal equality, level of position
rate was recorded at 8.2%, one of the lowest in the risk, performance, and the Bank’s financial condition,
banking industry, and a decrease of 3.3% compared to as well as the Bank’s long-term strategy. A review of
the previous year. the remuneration system is also made on policies and
procedures for employee benefits that can more motivate
Turnover 2023 2022 employees with due regard to the Bank’s capabilities and
Incoming Employee 1,694 1,655 risks.
Outgoing Employee 1,510 1,913
RETENTION AND PROMOTION
CIMB Niaga always makes efforts to retain its high-
HR WELFARE performing employees, both in cash and non-cash.
Periodically, the Bank analyzes cash compensation,
PERFORMANCE ASSESSMENT especially for key and critical positions, in order to
Employee performance is assessed by applying the Key remain competitive in the labor market, using the Bank’s
Performance Indicators (KPI) approach for Directors financial capabilities and risks as guidance. In every fiscal
and Goals for employees that are prepared based on year, the Bank organizes the Outstanding Performance
the Bank’s performance targets for related units and Recognition Award (OPeRA) program as a means of
individuals. CIMB Niaga aligns KPIs and Goals with the presenting awards to employees in business units and in
Bank’s goals and strategies with due regard to risk and support functions who have shown high performance in
compliance aspects. CIMB Niaga takes fair and objective their respective fields.
stages of performance assessment, as given below:
1. Employee self-assessment The Bank also has a long-term employee retention
2. Preliminary review program in the form of the Talent Retention Incentives
3. Validation of performance by related units Program (TRIP) and staff loan, using the performance of
4. Face-to-face performance discussion process the Bank and employees as guidance.
between superiors and employees (1-on-1 discussion)
In addition, in terms of providing benefits, the Bank
CIMB Niaga also employs feedback in the performance organizes a lifestyle benefit program where each
appraisal process that is consistent with the main employee can choose benefits that suit their respective
behavior of each EPICC value. As a result, every employee needs. Besides that, in order to increase employee
is expected to exhibit EPICC behavior in their daily work engagement with the Bank, CIMB Niaga also provides
in order to support CIMB Niaga’s goals and aspirations. scholarships to the employees and their children.
REMUNERATION Employees are given the opportunity to develop
CIMB Niaga’s remuneration strategy is designed to themselves, both in terms of technical competence and
attract, motivate, and retain employees so they can leadership, with an extended scope of responsibilities,
continue to deliver optimum performance to support cross-unit assignments, participation in key projects, and
the achievement of predetermined targets. Therefore, other placements that are structured effectively based
CIMB Niaga is committed to implementing competitive on employee position, performance, and competency.
remuneration in line with the Bank’s financial capabilities One of the existing self-development programs is
that can support employee welfare. the acceleration program, where employees receive
intensive training that can make them more adaptive
to the new tasks and responsibilities and able to deliver
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maximum results, in addition to providing remuneration 3. Providing leadership and mentoring program for
adjustments according to their duties and responsibilities. talent development so they can reach higher.
4. Continuing to develop digital learning through LoG
To give an overall picture of the remuneration and and VR both at the Head Office and Branches.
investment that has been given to certain level employees. 5. Continuing to run the EPICC Ruang Bersama, NGOPI
(Inspirational Chats - Skip Level) and ASIK (Exciting
RETIREMENT PREPARATION PROGRAM Actions for Synergy and Collaboration) as a means
CIMB Niaga offers a retirement preparation program for of communication between superiors and team
employees and their partners, with the goal of informing members.
them about their rights, obligations, and procedures for 6. Organizing various activities to increase positive
receiving retirement benefits, as well as post-retirement activities through employee club SHINE (Sport,
entrepreneurship programs. This retirement planning Hobby, Interest and Enlightment).
program was available to 58 employees in 2023.
DIVERSITY & INCLUSION
EMPLOYEE ENGAGEMENT AND The Bank responds to the dynamics of rapid change in
ORGANIZATIONAL HEALTH various aspects, including economic, business, social,
cultural, and environmental, that have triggered public
ORGANIZATIONAL HEALTH INDEX awareness of various matters related to diversity
As part of CIMB Niaga’s commitment to creating a and inclusion by building a strong organization and
productive work environment and deeper employee promoting diversity and inclusion, which means that
engagement, CIMB Niaga maintains the Organizational the Company celebrates the unique differences of each
Health Survey program, which allows employees to employee including background, experience, age, gender
express their personal views and opinions about and other traits of strengths that enable the Company
organizational health in their respective units. to become more adaptive, responsive and resilient
in facing challenges and providing a safer space for
This survey measures 9 (nine) Outcomes dimensions: everyone as they collaborate to make a contributing part
Direction, Accountability, Coordination & Control, to strengthen and cement the Company’s business and
External Orientation, Leadership, Innovation & Learning, organizational health.
Capabilities, Motivation, and Work Environment. The
survey results will be used as a guide for each work unit CIMB Niaga implements Diversity & Inclusion with several
to develop improvement commitments that are agreed initiatives and programs through the following pillars:
upon by all team members.
1. Strategic Intent
In a survey conducted in 2023, CIMB Niaga ranked The principle of diversity & inclusion is integrated into
amongst the top 10 percent (Top Decile) within ASEAN the Bank’s overall growth strategy and campaigned
financial institutions, having increased in 9 (nine) through various internal and external channels to
dimension outcomes compared to the results of the 3rd make send a clearer and stronger message about how
Organizational Health Index (OHI) Survey in 2022. the principle has been applied. In this case, the Bank
seeks to build awareness amongst the stakeholders
The results of the 2023 OHI Survey show a noticeable of the application of diversity & inclusion principle
increase in two dimensions of outcomes as the focus through sharing on CIMB Niaga’s official website,
areas for improvement from the results earned in the internal communication channels, including articles
2022 OHI Survey: Motivation and Working Environment. related to harassment/insults and discrimination
The following efforts have been made to improve the two in the Code of Ethics and Code of Conduct. This
focus areas: all aims to ensure that stakeholders understand
1. Continuing and making periodic evaluations on the more about the Bank’s efforts to ensure consistent
implementation of hybrid working for certain types implementation of the principles of diversity and
of work with due regard to work productivity. inclusion.
2. Expand lifestyle benefit options based on employees’
needs. 2. Education and Building Awareness
The Bank provides various education/training
channels including leadership, interpersonal
programs that can be participated in by employees
of various levels, virtual learning/seminars and online
learning that are widely open to all employees,
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including special topics that highlight the role Employees should not only follow the EPICC values—
of women in innovation, eco-technology, social Enabling Talent, Passion, Integrity & Accountability,
environment, and other inspiring topics. Internally, Collaboration, and Customer Centricity— within the
the Bank also builds employee awareness through scope of their work but also on the stage of sports events
thematic campaigns which are monthly run with where athletes compete with enthusiasm, displaying
different themes of diversity, equality and inclusion expertise and high sportsmanship.
month.
Themed “Rise to Shine,” CIMB Niaga Olympic is more
3. D&I Dashboard & Reporting than just a competition; it is where EPICC values can
The Bank also carries out routine monthly supervision materialize within the employees into how to achieve
of various programs or activities within CIMB Niaga the best with passion, collaboration, and sportsmanship,
that are indicated as violating the principles of in addition to their key purpose of delivering the best to
diversity & inclusion. customers and bringing employees together as one big
family.
4. Leadership Influence
Leaders are role models in creating a positive work OPeRA INNOVATION
environment. Therefore, the Bank ensures that its As part of its digital strategy and sustainable development
leaders consciously and responsibly support the culture initiatives, CIMB Niaga organized the OPeRA
creation of an environment with an inclusive culture Innovation program once more in 2023. The goal of this
through the use of several internal media in the Bank program is to foster an innovative culture, encourage
(applicable also to external media). employees to contribute business development ideas
and reward creative and innovative ideas that have been
5. Talent Action (Employee Experience & proven to benefit the Bank.
Empowerment)
Talent action (employee experience and Employees are trained by Subject Matter Experts on
empowerment) is carried out to give employees how to produce, manage, and deepen innovation ideas
of different backgrounds the support they need along with good presentation technique. During this
to get equal opportunities for development and umpteenth session of OPeRA innovation, as many as
prosperity, without discrimination whatsoever on the 372 innovation proposals were collected and judiciously
characteristic of each one of them. selected, both individuals and innovation teams, who
were then given the chance to present their ideas to
6. Sustainability and Empowerment the management in the final round. The collected ideas
CIMB Niaga gives opportunities by hiring individuals contested varied, including fresh ideas related to the
with special needs (disabilities), women, and young use of Artificial Intelligence, proposed added features to
people to with skills that meet the qualifications Octo Mobile, Robotic Process Automation, developing
at certain positions to manifest its commitment to Bank products and services, as well as Corporate Social
helping build a society with inclusion and justice. Responsibility and Sustainability activities.
CIMB NIAGA OLYMPIC INDUSTRIAL RELATIONS
CIMB Niaga Olympic 2023 is the culmination of employee
club SHINE (Sport, Hobby, Interest, and Enlightenment) COMMITMENT TO INCREASE PRODUCTIVITY
activities to commemorate CIMB Niaga’s 68th anniversary, CIMB Niaga places the Workers Union as the Bank’s
with employees from across the country competing in strategic partner to implement strategies and policies as
five sports: basketball, futsal, badminton, cycling, and the Bank works to achieve sustainable business growth.
running (with around 1,400 athletes). The Bank’s commitment to building and maintaining
industrial relations is materialized by maintaining good,
healthy, and harmonious working relationships between
Management, Employees and Labor Unions. The mutual
and harmonious relationship of industrial relations has
the ultimate goal of increasing the productivity and
welfare of employees and the Bank.
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In 2023, the Management and the Labor Union worked four Labor Unions have members spread across both the
together to communicate the 2022–2024 Collective head office and CIMB Niaga branch offices throughout
Labor Agreement (PKB) internally. This is a testament to Indonesia.
the effective communication and cooperation process
built between Management and the Labor Union as it In an effort to build and maintain effective and
produces positive things for CIMB Niaga’s progress in the sustainable communication, CIMB Niaga has set up a
future. Bipartite Cooperation Institute (LKS Bipartite), which is
expected to create harmonious industrial relations that
INDUSTRIAL RELATIONS ACTIVITIES can lead to a healthy and constructive work environment.
CIMB Niaga accommodates four workers’ unions (SP),
including the CIMB Niaga Indonesia Bank Worker Union This Bipartite Cooperation Institute (LKS) is a productive
(SPBCNI), the CIMB Niaga Employee Association (IKCN), forum for Management and Labor Unions, especially for
the CIMB Niaga Bank Employee Union (SKKBCN), and the conducting follow-up discussions on the results of PKB
Niaga Community Association of Worker Union (IKN). The negotiations for the upcoming 2022–2024 period and
preparations for the PKB renegotiations for the next.
HUMAN RECOURSES AWARD
CIMB Niaga’s HR Directorate consistently makes sustainable expansions in various areas in order to provide added
value and support business growth while helping the Bank to become an employer of choice. A testament to this
consistency was the many recognitions and awards received during 2023 from local and regional institutions, both in
the corporate and individual categories:
No Awards by HR Award for CIMB Niaga
1 Warta Ekonomi The Best HR anagement Category Conventional Bank
2 Coach Hub CoachHub Top L&D Leaders Awards 2023
3 HR Asia Best Companies To Work For in Asia 2023 - Indonesia Chapter
4 ONE GML - Kontan Excellence in Executing Digital Transformation in Banking Industry
a. Excellence in L&D and Knowledge Management
5 SWA X FEB UI
b. Excellence in Wellbeing Management
Gold:
a. HR Excellence Awards in Workplace Culture
b. HR Excellence Awards in Talent Management
Silver:
a. HR Excellence Awards in Learning & Development
6 HR Resources by HR Online b. HR Excellence Awards in Employer of The Year
c. HR Excellence Awards in Workplace Wellbeing
d. HR Excellence Awards in HR Manager of The Year
Bronze:
a. HR Excellence Awards in Digital Transformation
b. HR Excellence Awards in HR Manager of The Year
7 IDX Best Internal Process Improvement L&D
8 SM ITB Top Ranked Excecutive Education Program
9 Asian Experience by Asian Business Review Indonesia Employee Experience of the Year – Banking
10 IHCA Indonesia Human Capital Leader 2023
11 SWA X NBO Indonesia Best Companies in Creating Leaders from within 2023
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HR PLANS, STRATEGIES AND POLICIES FOR the necessary adjustments with due consideration to
2024 a number of influencing factors such as productivity,
In 2024, the HR Directorate will remain committed to customer service, organizational and employee needs,
improving HR quality and organizational effectiveness operational risk, employee engagement, and some other
through various initiatives based on five strategic pillars: factors; expanding flexible benefits; and implementing
Strategic Talent Acquisition and be a Talent Magnet, an intensive and sustainable corporate culture
Cultivate Talent & Leadership Brand, Future Proof internalization program that is also related to diversity
Organization, High Performing Organization linkage and inclusion (D&I).
to Performance and Contribution Based Rewards,
and Operational Excellence for Seamless Employee In an effort to meet the need for talents as well as
Experience. talent management, CIMB Niaga will continue to build
strategic partnerships with prominent universities, have
The Bank will continue to develop digital innovations exchange programs for high achievers both at home and
for a more effective and compelling Digital Employee overseas, develop structured programs for managers,
Experience (DEX) at every stage of their life cycle, from obtain professional certification to enhance Digital and
onboarding to exit on a one-stop HR platform, providing Data competencies, and run other programs of the same
personalized learning, expanding Virtual Reality (VR) purpose to give the employees the competence they
learning programs, and a variety of other relevant need as they work to support the Bank while making self-
programs. Other programs in the pipeline include improvement.
organizational studies as an effort to build a strong,
effective, and efficient organization that is capable of CIMB Niaga also proceeded with its existing programs
adapting to face future business demand with strict such as TCB, DP, Internship, Leadership program,
adherence to all applicable organizational guidelines. and development of internal facilitators for employee
development to improve cost effectiveness, Digital
In addition, CIMB Niaga will continue to strive to improve leadership, TCM, Signature program, and others. In
the quality of work-life balance of the employees and their addition, CIMB Niaga also carried out internal facilitator
wellbeing in accordance with the Bank’s needs through improvements to increase knowledge and skill sets
various initiatives, e.g., evaluating the effectiveness of across all layers of the bank.
implementing hybrid working methods and making
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VISION AND MISSION OF THE DIRECTORATE The Sub-Directorate of Operations continued to launch
OF OPERATIONS AND INFORMATION innovations that included various initiatives to provide
TECHNOLOGY fast, precise, secure, and efficient services. This was
done by continuously adding automations to the Bank’s
VISION operationals, increasing digitalization, through Robotic
Building and transforming the Directorate of Operations Process & Workflow, as well as improving processes on
and Information Technology to become a strong business a continuous basis, while still prioritizing control and
enabler and driver by providing reliable, timely, secure operational risk management. These activities were also
and cost-effective services in order to continuously balanced with efficient processes in order to continue
improve customer satisfaction. reducing the Bank’s operational costs.
MISSON All Operations working units and their staff also
1. Execute transformation & improve digital initiatives proactively maintained synergy with other business units
2. Continue the process of achieving operational and other working units to achieve the Bank Business
excellence Plan (RBB) throughout the year. Additionally, the Sub-
3. Implement robust risk management and control Directorate of Operations also carried out other initiatives
processes to support the Bank’s business performance and control
4. Improve resilience & Information Technology security operational costs, including:
5. Promote a high-performance culture 1. Implementing Smart Spending to control costs by
6. Upskill and reskill on employee. looking for opportunities to increase cost efficiency in
7. Continue on cost savings journey. all operations working units.
2. Renegotiating with existing vendors and selecting
OPERATIONS new vendors that provide a good balance between
The Sub-Directorate of Operations is responsible, among services and efficient costs.
other things, for ensuring that customer transactions 3. Carrying out a selective recruitment process to
are carried out in line with our Service Level Agreement, replace employees who retired or resigned.
as well as for updating Policies and Procedures in the 4. Implementing strict monitoring of employee
context of risk management and mitigation. productivity to promptly reallocate resources in
order to maintain efficient processes in the Bank’s
The Sub-Directorate continues to improve the Bank’s operations.
operations to be more effective and efficient, and to have
a clear and comprehensive business model. WORK PROGRAM AND ACHIEVEMENTS IN 2023
Moreover, in order to support the initiatives mentioned
STRATEGIES AND POLICIES above, the Sub-Directorate of Operations also
Every employee in the Sub-Directorate of Operations is implemented several other programs and initiatives, as
required to understand the importance of Do it right the follows:
first time. a. Implemented process improvement & simplification
in manual operations processes with system
The Sub-Directorate of Operations has been able to enhancement or robotic process automation (RPA) to
outmaneuver the challenges of 2023 and made a positive reduce processing turnaround time (TAT).
impact on the development and growth of the Bank’s b. Centralized operational activities to produce more
performance. This was achieved due to the strategy efficient and standard processes.
implemented in business activities that supported all of c. Carried out operational initiatives that could reduce
the Bank’s Operational activities as well as improvements paper use to support long-term environmental
in all aspects, including the launch of new products and conservation.
services, increased number of customer acquisitions,
and opening of new accounts by existing customers.
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d. Implemented QR code application in archiving credit FUTURE PLAN, STRATEGIES, AND POLICIES
documents as an improvement in digitalization In anticipating business challenges and to effectively and
process for easier and faster processes of efficiently support the operational performance of CIMB
identification, stock opname, and document retrieval. Niaga, the Sub-Directorate of Operations has determined
e. Provided training for all staff on a regular basis the following strategic initiatives and work focuses for
through Business Learning Session (BLS) program, as 2024:
well as in knowledge and experience sharing forums,
and organized active discussions and knowledge 1. To continue the implementation of good cost
sharing sessions among employees through online management:
and knowmore program. in addition, provided online The culture of cost control through the Smart
and independent training for employees through Spending program will continue to be implemented
Learning on the Go (LoG) application. as in the previous years and various initiatives will be
f. In order to equip employees with the skills needed to implemented to lower the Bank’s operational costs,
face challenges of digitalization and business changes including: centralizing similar operational processes,
& current and future development, sub-directorate adjusting organizational structures, measuring
of operations also organized re-skill and up-skill employee productivity, reviewing operational
programs for employees by rotating or inviting staff processes that can be outsourced, as well as exploring
in projects as well as assigning them in other working automation processes that can reduce paper use.
units.
g. Continuously improved the operational control 2. To continue to add more digital initiatives:
process by making improvements in the Risk Sub-Directorate of Operations will continue to
and Control Self Assessment (RCSA) process and implement productivity and performance efficiency
monitoring corrective action on audit findings or RCSA measurements by:
test results and operational incidents that occurred, a. Implementing Robotic Process Automation (RPA)
in order to ensure errors or weaknesses that occured and workflow systems.
are not repeated. b. Continuing to increase STP (straight-through-
h. Implemented Operational Risk Management by processing) ratios in operational activities.
prioritizing the availability of risk mitigation and
control in every operational activity or service 3. To continue the journey to achieve Operations
provided for customers. Implemented Know Your Excellence, by:
Employee, where every leader must know all the a. Continuing to internalize corporate cultural values
employees under their supervision well and take in Sub-Directorate of Operations.
an active role in maintaining a good code of ethics b. Continuing to monitor productivity and resource
for each employee through coaching and regular optimization with Talent Pooling program.
refreshment sessions on work processes in each c. Providing Employee Reskilling and Upskilling
working unit. Program.
d. Promoting a culture of high performance in Sub-
AWARDS Directorate of Operations.
The consistency of the Sub-Directorate of Operations
in implementing its work programs and improving the 4. To implement a more robust Operational Risk
service quality is also appreciated by indepentent parties. Management and Control.
In 2023, the Sub-Directorate of Operations was awarded Sub-Directorate of Operations will always prioritize
with the following: the availability of risk mitigation and control in every
1. Straight-Through-Processing (STP) award from BNY activity or service for customers by:
Mellon a. Continuing the knowledge Refreshment programs
2. Straight-Through-Processing (STP) award from on applicable Standard Operating Procedures
CITI (US Dollar Payment Award for the category of (SOP) for employees in every Sub-Directorate of
Commercial Payment and Treasury Payment) Operations and organizing Business Learning
3. Straight-Through-Processing (STP) award from JP Session (BLS) to ensure every Sub-Directorate of
Morgan (Elite Quality Recognition Award for US Dollar Operations employee has the same knowledge
Clearing) about the applicable procedures.
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b. Continuing to implement Know Your Employee STRATEGIES AND POLICIES
(KYE) concept, where every leader must know all In supporting business development and taking
employees under their supervision well and play advantage of technological developments in 2023, the
an active role in maintaining a good code of ethics Sub-Directorate of Information Technology consistently
for every employee through regular coaching. provided quality IT services in accordance with the Bank’s
c. Carrying out risk management and continuous business development needs. The Sub-Directorate of
control over operational processes with potential Information Technology played a proactive role as a
for human errors, implementing Robotic Process Business Enabler, assisting all business units in optimizing
Automation (RPA), and using technology to safe digital banking services and providing convenience
reconcile, monitor, and optimize cash and ATM and comfort for customers.
services, as well as monitoring process and data
control when opening an account. In 2023, the Sub-Directorate of Information Technology
d. Ensuring that mistakes are not repeated by had 6 pillars of IT strategic policy direction to support the
continuously improving operational control Bank’s vision and mission, namely:
processes through improving the Risk and Control
Self Assessment (RCSA) process, monitoring 1. Increasing Customer Base Through Digital Acquisition
corrective steps for audit findings or findings from Building and developing platforms in collaboration
RCSA test results, as well as operational incidents with various Business Partners, as well as improving
that have occurred. the features on the Self Service Banking machine, to
e. Ensuring that a strong Business Continuity Plan provide more ease, comfort and good experience for
for critical working units can be implemented new customers when opening an account at Bank
at any time to anticipate incidents that would CIMB Niaga.
cause Business-As- Usual operations to not be
implemented. For this reason, Operations Team 2. Sustainable Deposit/CASA
must ensure that the Emergency Response Plan Increasing savings/CASA by enhancing digitalization
runs smoothly through intensive coordination capabilities of business models, digital lines, and
with all relevant stakeholders to ensure the safety customer touch points.
of all employees and work site security.
3. Differentiate Sharia Business
INFORMATION TECHNOLOGY Focusing on the ecosystem of Sharia Business by
As a bank at the forefront of digital banking services, CIMB utilizing IT capabilities to support Sharia performance.
Niaga has taken the initiative to provide speed, accuracy,
comfort, and security that customers experience in their 4. Built Resilient and Future Tech
transactions. Building and improving the platform through
modernization to obtain a stable and resilient
The development of appropriate and suitable technology performance in line with future digital developments
provides added value to accelerate business through as well as improving the Bank’s operational systems
the Bank’s focus and strategic policies in the field of through continuous digitalization.
Information Technology (IT). Through the Sub-Directorate
of Information Technology, CIMB Niaga manages and 5. Evolve Future Operating Model
develops IT that is purposeful and effective in providing Transforming operational models by utilizing
services according to standard customer expectations microservices architecture, DevOps methodology,
and needs as well as supporting adequate business as well as implementing strategies to maintain and
processes. increase the capabilities of human resource.
6. Cyber Security Resiliency
Implementing good cyber security framework and
strengthening cyber resilience & security while
continuing to increase preparedness in dealing with
cyber attacks.
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WORK PROGRAM 10. Continuing to develop and strengthen Information
The main work programs carried out in 2023 by the Sub- Technology infrastructure and security resilience as
Directorate of Information Technology were as follows: well as modernizing hardware and software to ensure
1. Consistently focusing on developing internal bank Reliability and Availability to support business units
application software oriented towards customer in improving Customer Experience, including steps to
service with good and innovative controls, such as renew or improve Data Center facilities and devices
internet & mobile banking and in parallel, building that need to be updated. Additionally, implementing
human resource capabilities and knowledge in Cloud Solutions on systems and applications that
accordance with digital business needs. were believed to provide more benefits with Cloud
2. Supporting business development and growth with technology.
updated server farm main applications technology 11. Continuing the Up-skill and Re-skill training program
that supported cloud ecosystem to have optimal for all staff through the IT Academy to improve the
capabilities in line with dynamic business needs. capacity and knowledge of human resources in the
3. Continuing the development and widespread use Information Technology and Systems unit.
of digital banking services with an emphasis on 12. Continuing the Technology Graduate Program (TGP)
the Integrated Application Program Interface (API) activities together with HR to obtain and produce
Gateway and continuing to utilize cloud ecosystem employees with the best competencies who are
to create faster interactions with business partners expected to continue implementing work processes
through digital channels. in the future.
4. Supporting Business Units and other functions at the 13. Obtaining ISO/IEC 27001:2013 Certification with the
Bank in the use of Artificial Intelligence and Machine scope of Information Technology (IT) Operational
Learning to support the development of business Functions which included Cyber Security functions,
units and improve services to customers (better Infrastructure System Management functions, Data
customer experience). Center Operations Management functions, and
5. Continuing the implementation of automation using Application Development functions for 22 payment
robotics in Information Technology working units system applications.
and other business and operational units to provide 14. Implementing Data Loss Prevention (DLP) Tools
faster and more accurate services to support the to continue to improve data security in an effort to
needs of the bank’s business development which prevent data leaks, including protection for securing
regularly launched new products and service features backup data using the Secure Backup method.
for customers. 15. Updating the cyber resilience framework and
6. Maximizing the implementation of Digital Workflow, updating various security devices such as Firewall,
a software system that would help the work process Network Access Control (NAC), Web Filtering, DNS
flow in Operational units to be more systematic and Security, and Hardware Security Module (HSM).
well monitored. 16. Improving Internal Red Team Operation function,
7. Expanding (leveraging) synergy that prioritized which included regular red teaming exercises.
efficiency and customer experience factors, especially
in the use of the Bank’s digital services together with DIGITAL BANKING
sharia business. The current era of digital banking has changed the way
8. Increasing the understanding and awareness of people interact with financial services. The presence of
Governance and compliance as well as proactive digital banking supports customers in meeting their
attitude in providing solutions and innovation to essential and practical online banking needs.
business units.
9. Implementing end-to-end monitoring tools for IT CIMB Niaga noted that the majority of customer
Operations to increase visibility of all applications transactions are carried out through various digital
and supporting infrastructure as a proactive analysis channels or applications. In response to this, CIMB Niaga
to prevent downtime and IT incidents by identifying will continue to focus on providing optimal services
problems early. in branchless banking, customer experience, sales
processes on digital channels (digital sales enablement),
as well as improving the capabilities of mobile banking
system.
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The Bank also provided digital banking services in both c. Monitor and ensure that all IT implementation
financial and non-financial transactions , as well as activities comply with OJK regulations and/or other
account opening based on mobile applications. Providing regulations (if any) related to IT Implementation
digital banking products is one of the Bank’s efforts to by Commercial Banks.
enhance its facilities and services.
The implementation of a monitoring system, with the
As of the end of 2023, CIMB Niaga has offered a variety of support of integrated risk management and compliance
digital banking products, including OCTO Mobile, OCTO to encourage improvements in the quality of IT
Clicks, OCTO Friends, BizChannel, CDMs, Call Center management & administration, is carried out using the 3
14041, and OCTO Merchant, which helped and made (Three) Lines of Defense framework, namely:
it easier for customers to fulfill and obtain information
about banking. 1. Line 1 : Information Technology & Cyber Security Unit
Risk Control Unit (RCU) acts as a supporting unit
PRODUCT SUPPORT DEVELOPMENT to assist and coordinate operational risks and
In 2023, the Sub-Directorate of Information Technology compliance aspect in IT working units.
continued to develop the technology to support the
Bank’s products and services by: 2. Line 2 : Operational Risk Management, Compliance,
1. Continuing to develop BI-FAST features as part of Anti Fraud Management, and Anti Money Laundering
transfer services from Bank Indonesia on several The working unit that sets standards and policies, and
digital channels owned by CIMB Niaga. responsible for monitoring and supervising to ensure
2. Developing various features on Debit Cards and OCTO that risk management and compliance are carried
Mobile/OCTO Clicks channels to provide superior out properly and effectively in IT management and
services and improve customer experience. implementation activities.
3. Developing Virtual Account Debit (VA Debit), as a
reconciliation solution provided by the Bank for 3. Line 3 : Internal Audit
Customers to identify fund expenditures using a Internal Audit independently assesses the
unique virtual account number. effectiveness of the processes carried out by the
1st and 2nd lines, and carries out assurance and
COMMITMENT TO TECHNOLOGY AND OPERATIONS consulting services on the overall process to provide
GOVERNANCE added value and improve IT management and
The implementation of IT Governance principles is part of implementation activities.
the Corporate Governance which focuses on the duties
and responsibilities of the Boards of Commissioners IT HUMAN RESOURCE (HR) DEVELOPMENT
and Directors, to supervise the management and CIMB Niaga continues to develop IT infrastructure in line
implementation of IT in supporting the alignment with its business needs. Correspondingly, CIMB Niaga
of business strategy and information technology also strives to keep improving HR competency in the field
investment. In 2023, CIMB Niaga updated the duties and of Information Technology.
responsibilities of Commissioners and Directors in the IT
sector, including: Human resource development is an important factor in
1. The Board of Commissioners is obliged to evaluate, the success of CIMB Niaga’s IT planning and management.
direct, and monitor the Bank’s strategic plans and Several efforts were made by the Bank in 2023 to develop
implementation of Information Technology (IT) IT HR competencies, which included:
governance in accordance with applicable regulations. 1. Increasing the knowledge & abilities of each HR with
2. The Board of Directors has the authority and trainings related to Agile, Cloud Technology, Digital
responsibility, both directly or through the IT Steering Transformation, Data Protection & Automation.
Committee (ITSC), to:
a. Establish and evaluate IT strategic plans and
objectives.
b. Monitor and ensure policies and standard
procedures (including their socialization) about
the implementation and use of IT adequate for
the Bank.
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2. Continuing to provide training and education 6. To continue the implementation of automation using
programs to increase the capabilities (upskilling) Robotic Process Automation (RPA) technology and
of human resources, especially those related to IT maximize the application of software systems that
and in competency certification programs, including will help the work process flow (Digital Workflow) in
Associate Cloud Engineer – Google Certification; Information Technology working units, operational
Professional Scrum Master II – Scrum.org Professional units, and business units to provide more systematic,
Cloud Architect – Google Certification; Certified SAFe fast, and accurate services to sustainably support the
6 Practice Consultant – Scaled Agile Framework; needs of the bank’s business development.
Certified Information Security Manager; Certified Red 7. To continue the implementation of end-to-end
Team Professional (CRTP); Certified OKR Practitioner; monitoring tools for critical applications in an effort to
and COBIT 5 Foundation. increase the visibility of early problem identification
3. Continuing the implementation of Technology for applications and supporting infrastructure as a
Graduate Program as educational program for fresh proactive step in preventing downtime and incidents.
graduates to produce skilled workers, especially in 8. To strengthen governance in the implementation
the IT field. of information technology to support operational
continuity and the Bank’s services to the community
FUTURE PLAN, STRATEGIES, AND POLICIES by optimizing resources to mitigate risks, and
Looking into the future, the need for IT to support the consistently implement policies, standards, and
Bank’s business growth will continue to increase. For procedures and periodically review and update
this reason, CIMB Niaga—through the Sub-Directorate policies, standards, and procedures.
of Information Technology—is planning a number of 9. To continue to develop and improve Data
initiatives to be implemented in 2024, including the Management governance.
following: 10. To continue the Bank-Wide Personal Data Protection
program by implementing the Personal Data
1. To consistently focus on developing internal bank Protection framework that was developed in phase
application software that is oriented towards 1 to achieve compliance with relevant laws and
customer service with good and innovative controls regulations. This includes a review of processes
such as internet & mobile banking and other banking that are categorized as high risk, implementation of
services. This includes utilizing the cloud ecosystem various supporting processes and tools, including a
in the development of appropriate software. review of third parties who process personal data. In
2. To continue the synergy to keep prioritizing efficiency addition, to continue training sessions and increase
and customer experience factors, especially in the use bank-wide awareness.
of bank digital services together with sharia business. 11. In order to maintain the capabilities and knowledge of
3. To continue developing and strengthening IT human resources in the Technology and Information
infrastructure as well as updating hardware and Systems unit, up-skill and re-skill training will continue
software to ensure the availability of banking services to be carried out regularly.
in order to support business units in improving 12. In collaboration with the Human Resources working
customer experience. This includes steps to improve unit, the IT sector will continue the Technology
Data Center facilities and gradual implementation of Graduate Program (TGP) program and carry out other
cloud solutions in accordance with banking needs. programs to obtain and produce employees with the
4. To continue the development and widespread use of best competencies who are expected to continue
digital banking services by developing an integrated implementing the work process in the future.
Application Program Interface (API) so that services 13. To increase Cyber Security capabilities in analyzing
can be provided with technology and mechanisms to and detecting vulnerabilities and security issues
create faster and easier interactions with business regarding existing assets and those used at the Bank.
partners.
5. To continue initiatives on existing business processes
and functions to utilize Artificial Intelligence and
Machine Learning to support the development of
business units and improve services for customers
(better customer experience).
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Performance Management Company Management Discussion Risk
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07
Corporate
Governance
Report
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400 Implementation of CIMB 484 Nomination and 543 Code of Ethics and Code of
Niaga’s Good Corporate Remuneration Committee Conduct
Governance
490 Integrated Governance 547 Corporate Values and Culture
401 Basis, Guidelines, and Committee
547 Providing Funds for Social and
Objectives of GCG
496 Committees Under the Board Political Activities
Implementation
of Directors
548 Protection of Creditor’s Rights
402 Stages of GCG Implementation
502 Corporate Secretary
548 Transparency of The Bank’s
402 The Interrelation of GCG
505 Internal Audit Unit (IA) Financial and Non-Financial
Implementation with Bank
Condition
Performance 513 Compliance Management Unit
549 Reporting Integrity and
403 2023 GCG Quality 518 Anti-Money Laundering
Information Technology
Improvement (AML), Counter-Terrorism
Systems
Financing (CTF) and Counter-
404 Milestone of CIMB Niaga’s GCG
Proliferation Financing of 550 Conflict Management Policy
405 GCG Structure and Mechanism Weapon of Mass Destruction (Including Insider Trading)
of the Bank (CPFWMD) Program
550 Shares and Bonds Buyback of
407 GCG Implementation Assessment 524 Public Accountant CIMB Niaga
410 General Meeting of 525 Risk Management System 551 Customer Protection Policy
Shareholders
529 Internal Control System 552 Internal Fraud
424 Board of Commissioners
532 Important Cases 555 Whistleblowing System
437 Independent Commissioner
534 Administrative Sanctions 558 Implementation of the ASEAN
438 Board of Directors Imposed by Relevant Corporate Governance
Authorities Scorecard
454 Board of Commissioners and
Board of Directors 535 Governance Framework, 559 Indonesian General Guidelines
Performance Assessment Management and Control of for Corporate Governance
Tax Aspects (PUGKI)
458 Policy on The Diversity
of The Board of 535 Anti-Bribery and Corruption 567 Implementation of Corporate
Commissioners and The Board Policy Governance Aspects
of Directors and Principles for Public
537 Provision of Funds to Related
Companies Pursuant to
461 Nomination and Remuneration Parties
Financial Services Authority
Policy
538 Policy for Disclosure of Provisions
469 Affiliate Relationships Among Information Regarding Share
571 Integrated Governance
the Board of Commissioners, Ownership of Members of The
Implementation Report
Board of Directors and Boards of Directors and Board
Controlling Shareholders of Commissioners 579 Sharia Business Unit
Governance Report
470 Committees at the Board of 538 Access to Corporate Data
Commissioners Level and Information 587 Transparency of Bad Corporate
Governance Practices
470 Audit Committee 541 Goods and Services
Procurement Policy 587 Statement on Implementation
478 Risk Oversight Committee
of Good Governance Principles
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Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management Implementation of CIMB Niaga’s Good Corporate Governance GCG principles are integrated into all of the Bank’s decisions and strategies, resulting in an environment that promotes sustainable growth while maintaining stakeholder trust. CIMB Niaga’s concrete steps demonstrate that GCG implementation is a solid foundation for achieving the Bank’s long-term objectives. 400 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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In line with current economic and industrial developments, which are becoming increasingly complex, the implementation
of Corporate Governance (GCG) has become an important foundation for being able to run operations and businesses
in a prudent and sustainable manner, particularly in the banking industry. The implementation of GCG will result
in professional management of the Bank based on the principles of transparency, accountability, responsibility,
independence, fairness, and equality (TARIF).
As one of Indonesia’s largest private banks, CIMB Niaga has set high standards for implementing and ensuring that
GCG principles are applied in all aspects of the bank’s operations. The implementation of GCG at CIMB Niaga not only
ensures compliance with applicable laws and regulations but also lays the groundwork for a strong Bank culture.
The implementation of GCG is also required for CIMB Niaga to continue expanding its banking products and services,
allowing it to serve banking needs in various regions of Indonesia and other ASEAN countries by collaborating with
the CIMB Group network. In addition, as a bank that cares about the environment and future generations, CIMB Niaga
consistently implements sustainability in its business operations by integrating environmental, economic, social, and
governance aspects into the banking process.
CIMB Niaga is committed to continuing to improve and implement GCG in accordance with national and international
guidelines and standards. This commitment was reflected in the completion and implementation of the Bank’s GCG soft
structure in 2023, which included the Vision and Mission, Core Values, Board of Commissioners and Board of Directors
Charter, Internal Audit Charter, Integrity Pact Declaration, Code of Ethics and Code of Conduct, Corporate Governance
Policy, and other policies and provisions.
Basis, Guidelines and Objectives of GCG
Implementation
CIMB Niaga implements GCG based on various laws and CIMB Niaga applies all GCG principles through processes
regulations, as follows: and mechanisms that address the 4 (four) aspects
1. Laws of the Republic of Indonesia relating to Capital of governance, including governance commitment,
Markets, Limited Liability Companies and Banking; governance structure, governance process, and
2. Financial Services Authority Regulations (POJK) governance outcomes. As part of the Bank’s commitment
and OJK Circular Letters (SEOJK), particularly those to GCG, CIMB Niaga has established an effective internal
relating to Governance, Annual Reports, Risk monitoring and control mechanism. This includes
Management and various POJK and SEOJK related to implementing a rigorous risk management system,
the implementation of governance; conducting independent internal audits, and managing
3. Indonesian Corporate Governance Roadmap which conflicts of interest responsibly.
was published in an OJK press release on 4 February
2014; GCG principles are integrated into all of the Bank’s
4. ASEAN Corporate Governance Scorecard (ACGS) decisions and strategies, resulting in an environment
issued by the ASEAN Capital Market Forum (ACMF); that promotes sustainable growth while maintaining
5. General Guidelines for Indonesian Corporate stakeholder trust. CIMB Niaga’s concrete steps
Governance (PUGKI) 2021 published by the National demonstrate that GCG implementation is a solid
Committee for Governance Policy (KNKG); foundation for achieving the bank’s long-term objectives.
6. Company Articles of Association and Resolutions of
the General Meeting of Shareholders (GMS); as well
as
7. Bank’s Corporate Governance Policy.
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Stages of GCG Implementation
Since officially listing its shares on the stock exchange CIMB Niaga assesses GCG implementation on an
in 1955 and became a public company, CIMB Niaga annual basis in order to maintain and improve its
has taken significant steps toward implementing quality. This evaluation is conducted in collaboration
GCG. GCG implementation is an important indicator with independent institutions or using self-assessment
for shareholders and related parties when assessing methods. Suggestions and recommendations based on
the Bank’s performance. CIMB Niaga believes that by GCG assessment results become part of the evaluation
implementing GCG, the Bank can be managed effectively process to improve GCG best practices and can be
and appropriately while protecting the interests of its accessed or published on the Bank’s official website.
shareholders.
The Interrelation of GCG Implementation with
Bank Performance
2023 PERFORMANCE ACHIEVEMENTS
In 2023, CIMB Niaga’s commitment to implementing GCG had a positive impact on the Bank’s performance achievements.
Despite facing challenging economic conditions, CIMB Niaga managed to achieve a number of performance
achievements, such as the following:
LOAN GROWTH CUSTOMER DEPOSITS CAPITAL ADEQUACY INCREASE IN
GROWTH RATIO (CAR) CONSOLIDATED NET
PROFIT
Rp
213.4 Rp
235.9 24.02% Rp
6.5
trillion trillion trillion
8.52 %
3.8 %
28.4%
CASA RATIO LOAN TO DEPOSIT RATIO
(LDR)
63.86% 89.30%
2023 GOVERNANCE AWARDS
CIMB Niaga received several awards in 2023 as a result
of its commitment to GCG implementation. CIMB Niaga
won the 2022 Annual Report Award (ARA) Grand
Champion, which was held on 27 November 2023. This is
the Bank’s first award after winning consecutively as first
rank in the Listed Private Finance category in both 2018
and 2016. This award demonstrates that CIMB Niaga has
always been a leader in implementing Good Corporate
Governance (GCG) and Sustainability principles.
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CIMB Niaga won several other awards, such as: c. Jeffrey Kairupan – The Best Commissioner for GRC
1. TOP GRC Award 2023: Excellence 2023
a. Platinum Star Trophy - 5 Star Predicate, for 5 d. Fransiska Oei – The Best GRC Women Leader
consecutive years 2023
b. TOP GRC Awards 2023 #5 Stars 3. 14th IICD CG Conference & Awards:
c. Lani Darmawan – The Most Committed GRC a. Leadership in Corporate Governance (after
Leader 2023 4 consecutive years winning the title “Best
2. GRC & Performance Excellence Award 2023: Corporate Governance Overall”)
a. The Greatest Champions of GRC Excellence b. Top 50 Big Capitalisation
Performance 2023 (Foreign Banking) 4. CIMB Niaga is in the top 10% (Top Decile) above other
b. The Best GRC for IT/Digital Transformation 2023 financial institutions in ASEAN, based on the results
(Foreign Banking) of the 3rd Organizational Health Index (OHI) Survey in
2023.
2023 GCG Quality Improvement
CIMB Niaga remains committed to implementing addition of 167 new modules to LoG, bringing the
and improving the quality of GCG implementation in total LoG learning modules to date to 1,767 modules;
all processes carried out by the bank in accordance addition of 2 VR Corners (Bintaro and Surabaya);
with applicable Indonesian, ASEAN, and international therefore, the Bank has a total of 6 VR Corners, 3 VR
best practices. GCG implementation is carried out at Hubs, and VR Headsets spread across 325 branch
all levels, including the Board of Commissioners, the offices throughout Indonesia.
Board of Directors, and employees. In 2023, in order to 5. The Internal Audit Unit (IA) involves 15 guest auditors
improve the quality of GCG implementation, CIMB Niaga in the Guest Auditor Program and 6 auditors in the
implemented several initiatives, including the following: Attachment Program in business/support units. A
1. Addition of 1 (one) female Independent Commissioner, detailed explanation is provided in the IA sub-chapter.
namely Farina J. Situmorang. 6. Improvement of the Whistleblowing System:
2. SNI ISO 37001 Certification – Anti-Bribery Management Monitoring of Service-Level Agreements (SLA)
System (ABMS) at Strategic Procurement and Admin providing responses and handling of Whistleblowing
Property Management SubDir. reports by sending email reminders to the
3. Refinement and issuance of several Human Whistleblowing Officer via the Bank’s internal
Resources (HR) Policies, including the Code of application; and the Whistleblowing System module
Ethics and Code of Conduct; Know Your Employee on the LoG, which must be completed by all
(KYE) Policy; Remuneration Policy for the Board employees (mandatory).
of Commissioners, Board of Directors, Sharia 7. Addition of an agenda for Financial Performance
Supervisory Board, and Committees; Employee and Information Technology risks/constraints at Risk
Security and Work Safety Risk Management Policy; Oversight Committee meetings.
and others. 8. Development of 3 new modules in the ReCom
4. Digitalization of Human Resources: addition of new (Regulatory Compliance Management System)
features in Arjuna (integrated platform features), system: Periodic Monitoring Review, Unit Review and
including: Flexible Benefits, Push messages, Chatbot, Compliance Risk Rating.
Employee profile, and EPICC Feedback & Recognition;
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Milestone of CIMB Niaga’s GCG
01 1955 Establishment of the
Bank (incorporated)
02 1974 Become a foreign
exchange bank
03 1989 Go Public
04 2008 Rebranding and mergers
05 Set the infrastructure and
implementation of GCG (GCG Charter,
Board of Commissioners Charter, Board
of Directors Charter, Committee Charter,
06 Align and refine the Bank’s GCG practices
with the Indonesian Corporate Governance
Roadmap issued by the regulator and the
ASEAN CG Scorecard principles, including
07 The full implementation of the ASEAN
CG Scorecard principles has brought
CIMB Niaga to be selected as one of two
listed companies in Indonesia to receive
Code of Ethics, and Employee Behavior), ensuring that there is a minimum of 1 (one) the “Top 50 Public Listed Company” at
as gained recognition from IICG, IICD, female Independent Commissioner on the the ASEAN level based on the ASEAN CG
and ARA Board of Commissioners. Scorecard in 2015.
2010 - 2011 2013 2014
08 1. Improve the Bank’s GCG implementation to align with the latest
OJK regulations and to manifest GCG into the Bank’s culture “A
Better CIMB Niaga/ABC”
2. Implementation of Integrated Governance and Integrated
09 1. Refinement of the GCG Charter as outlined in the Corporate
Policy Manual.
2. Refinement of the Conflict Management Policy, which also
governs insider trading.
Risk Management by establishing the Integrated Governance 3. Assessment of the performance of the Board of Commissioners,
Committee and the Integrated Risk Management Committee the Board of Directors, and the Committees at the Board of
2015
Commissioners level.
2016
10 1. The establishment of a GCG unit responsible for
improving the Bank’s GCG implementation.
2. Appointment of PT Deloitte Consultant
Indonesia as an independent party to manage
11 1. Became Indonesia’s first public company to conduct e-voting at the 2018 GMS.
2. The constantly improved of GCG implementation, resulted in recognition and
awards from leading independent institutions, including “Top 50 ASEAN” and
“Top 3 Indonesia” at the 2018 ASEAN Corporate Governance Awards from ASEAN
the Whistleblowing System services since Corporate Governance and ASEAN Capital Markets Forum, and “Top 50 and
December 2017 to improve the transparency The Best Overall 2018” for the Large Capitalization Public Company category in
and professionalism. Indonesia from the Indonesian Institute for Corporate Directorship.
3. Provide job opportunities for disabilities people 3. Revamping the Bank’s website, particularly the GCG and Investor Relations
by working as Bank employees as part of CIMB sections.
Niaga’s CSR initiatives. 4. Renew the Audit Committee and Integrated Governance Committee Charters, as
2017
well as completing and/or improving several other internal policies related to other
GCG.
2018
12 1. Appointment of one of the Independent Commissioners as Senior
Independent Commissioner.
2. Use of third-party services (search firm) in the process of searching for
candidates to be members of Commissioners and Directors.
13 1. Signing of the Integrity Pact Declaration, Code of
Ethics & Anti-Corruption Commitment by the Board of
Commissioners and the Board of Directors.
2. Issuance of Corporate Governance Policy consisting of
3. Issuance of Anti-Corruption Policy. the CIMB Indonesia Financial Conglomerate Integrated
4. Implementation of the orientation program for new members of the Governance Policy and the CIMB Niaga Corporate
Board of Commissioners and the Board of Directors Implementation Governance Policy & Framework for the Subsidiaries.
of the through the e-Learning application (LoG). 3. Issuance of CIMB Indonesia Financial Conglomerate
5. Development of ReCoM (Regulatory Commitment Monitoring) system. Corporate Charter.
6. Successfully maintained the achievement of First Place in ARA 4. Top 3 Indonesian and ASEAN Asset Class from the ASEAN
2019 in the Private Financial Institution Listed category, “The Best Capital Markets Forum at the 2019 ACGS Award.
Corporate Governance Overall 2019” and “Top 50 Issuers” in the Large 5. Convene online AGMS, EGMS & Annual Public Expose using
Capitalization Public Company category in Indonesia from IICD. As well video conference, e-Voting and e-Proxy technology.
2020
as receiving awards at the 2019 TOP GRC event as “TOP GRC,” “The
Most Committed GRC Leader,” and “The High Performing Corporate
Secretary on GRC.”
2019
14 1. Gained special Golden Star Trophy award for achieving the highest category
#5Stars, for three consecutive years at the TOP GRC Awards.
2. Implementation of “Hybrid Working Arrangement” or “HyWork” as a new
work style, allowing employees to work both at home and in the office
15 1. The only public company in Indonesia that has
successfully entered the ASEAN Top 20 PLCs category,
as well as becoming Indonesia’s Top 3 PLCs and ASEAN
Asset Class PLCs at the 2021 ACGS Award.
(hybrid). 2. Refinement of the anti-corruption and fraud policy into
3. Improvements in holding the online GMS (e-GMS) by using the eASY.KSEI an Anti-Bribery and Corruption Policy.
application (eASY.KSEI e-Voting feature and live streaming of the GMS). 3. Issuance of CIMB Niaga’s Human Rights Policy.
4. The application of Artificial Intelligence (AI) in the Bank’s internal audit 4. Implementation of an Anti-Bribery Management
process by the Internal Audit Unit (IA) in 2021 which deemed to be among System (ABMS).
the most advanced in the Indonesian and ASEAN banking industries based 5. Changes to the term of office of the Board of
on the assessment of independent consultants. Commissioners, Sharia Supervisory Board, and Board
5. Gradually implemented e-Signatures for the Bank agreement documents of Directors to three years following the ACGS criteria.
with debtors/customers, and other third parties. 6. Refinement of the Vendor Code of Ethics as well as the
2021
Vendor Integrity Pact.
2022
16 1. Grand Champion of the Annual Report Award (ARA) for the 2022 financial year report assessment.
2. Addition of 1 (one) female Independent Commissioner, namely Farina J. Situmorang.
3. SNI ISO 37001 Certification – Anti-Bribery Management System (ABMS) at SubDir. Strategic Procurement and Admin Property Management.
2023
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GCG Structure and Mechanism of the Bank
CIMB Niaga implements GCG or Governance through a framework of 4 (four) pillars of Good Corporate Governance,
which include governance commitment, governance structure, governance process, and governance outcome.
These four pillars are incorporated into the Bank Governance structure, which includes the General Meeting of
Shareholders (GMS), the Board of Commissioners, and the Board of Directors. According to the Articles of Association
and any applicable laws and regulations, each organ has its own role, duties, and responsibilities.
Sustainable Governance Outcome
GOVERNANCE STRUCTURE GOVERNANCE PROCCESS
Main Organs (GMS, Board of Stakeholders Relations,
Commissioners, Sharia Supervisory Policy Formulation, and
Board, and Board of Directors) Decision Making.
Supporting Organs (Committees at
the Board of Commissioners level,
Executive Committees, Special
Committees, Corporate Secretary,
Working Units & Independent Units)
Infrastructures (Regulations and
Operational Policies of the Bank)
Governance Commitment
Vission, Mission, Core Values, Charters, Code of Ethics, and Sustainability
GOVERNANCE COMMITMENT GOVERNANCE STRUCTURE
In order to ensure the success of consistent and The governance structure of CIMB Niaga consists of main
sustainable implementation of GCG, the Bank’s Board organs including the General Meeting of Shareholders,
of Commissioners, Board of Directors, work units, and the Board of Commissioners, and the Board of Directors,
employees are committed to incorporating and upholding as well as supporting organs such as Committees of the
GCG principles into all Bank activities and becoming Board of Commissioners, Committees of the Board of
part of the company’s culture, including through the Directors, Corporate Secretary, Business Units/Support
development of a Vision, Mission, and Core Values. The Units, as well as an Independent Unit (including Risk
commitment to implementing GCG is also reflected in the Management, Compliance, Legal, Internal Audit (IA), and
development of a Code of Ethics and Code of Conduct, Anti Fraud Management (AFM)). The Bank’s Governance
Charter, the implementation of Risk Management and Structure is arranged to establish clarity and separation
Whistleblowing Systems, and the implementation of of duties and responsibilities, as well as mechanisms
programs and activities based on sustainability principles. and flows of decision-making and reporting within
CIMB Niaga reviews and updates GCG practices on a CIMB Niaga’s organs in accordance with applicable laws
regular basis to ensure in accordance with best practices, and regulations. An adequate governance structure
macroeconomic and banking industry dynamics, and will facilitate the process of implementing GCG
applicable laws and regulations. principles, resulting in outcomes that meet stakeholder
expectations.
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GCG Structure
Integrated Governance
Committee
General Meeting of Shareholders (GMS)
Nomination &
Remuneration Committee
Board of Board of Sharia Supervisory
Risk Oversight Committee Commissioners Directors Board
Audit Committee
Risk Management
Chief Audit Business Director Ops & IT Director
Director
Executive
Head of AFM Compliance, CA & Legal Strategy, Finance &
HR Director
Director* SPAPM Director
Independent RCU responsible in each Sub-Dir
Regulation and Policies in the Bank
*
concurrently as CorSec
GOVERNANCE PROCESS
The governance process is carried out using structured and systematic procedures and mechanisms. This is also
supported by an adequate Bank’s governance structure and infrastructure to generate outcomes that meet stakeholders’
expectations.
GOVERNANCE OUTCOMES
CIMB Niaga employs governance commitment, governance structure, and governance processes to achieve good and
sustainable governance outcomes. In 2023, CIMB Niaga continued to achieve various satisfactory operational and
financial achievements despite economic challenges. CIMB Niaga believes that in the long run, the implementation of
GCG will have a positive impact on value creation and the long-term sustainability of the Bank’s business, in line with
stakeholders’ expectations.
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GCG Implementation Assessment
GCG assessments, help ensure that CIMB Niaga adheres ASSESSMENT CRITERIA
to applicable business ethics standards, regulations, and There are 11 (eleven) governance assessment factors for
policies, resulting in a high level of transparency in the self-assessment, including:
Bank’s decisions and actions. GCG assessments also help 1. Implementation of the duties and responsibilities of
to build and maintain stakeholder trust, forming the the Board of Directors.
foundation for strong relationships between the Bank 2. Implementation of the duties and responsibilities of
and the various parties involved. CIMB Niaga evaluates the Board of Commissioners.
the quality of GCG implementation both independently 3. Completeness and implementation of the
(self-assessment) and collaboratively with third parties to Committee’s duties.
obtain more objective assessment results. 4. Managing conflict of interest.
5. Implementation of the Bank’s compliance function.
SELF-ASSESSMENT 6. Implementation of the internal audit function.
7. Implementation of the external audit function.
PROCEDURE 8. Implementation of risk management, including
Every semester, a self-assessment on the implementation internal control system.
of governance principles is carried out in accordance 9. Providing funds to related parties and large exposure.
with the provisions of OJK Regulation 17 of 2023 and 10. Transparency of the Bank’s financial and non-financial
OJK Circular Letter No. 13/POJK.03/2017 on Governance conditions, GCG implementation report, and internal
Implementation for Commercial Banks. The assessment reporting.
is comprehensive and structured, focusing on the 11. Bank’s strategic plan.
implementation of governance principles in 3 (three)
aspects: Structure, Process, and Outcome. The assessment is also conducted on other relevant and
significant aspects to Governance implementation. The
1. Governance Structure final outcomes of the assessment of the implementation
The Bank assesses the adequacy of the Bank’s of Bank Governance are based on the results of a
Governance structure and infrastructure in generating questionnaires distributed to selected respondents,
results (outcomes) that meet the expectations of and incorporates findings from within the Bank based
stakeholders. on questionnaire results. These findings are compiled
from various units in the Bank, including Internal Audit,
2. Governance Process Anti Fraud Management, Risk Management, Human
The Bank assesses the effectiveness of the process of Resources, Compliance, and others, as well as finding
implementing Good Governance principles, which is from the regulators.
supported by the adequacy of the Bank’s governance
structure and infrastructure, in order to generate PARTIES CONDUCTING THE ASSESSMENT
outcomes that meet the expectations of stakeholders. Self-assessment requires the Bank’s Board of
Commissioners, Board of Directors, Independent Parties,
3. Governance Outcome and Executive Officers to provide a comprehensive
The Bank assesses the quality of Governance and structured assessment of the effectiveness of its
outcomes (both qualitative and quantitative), which governance. The self-assessment is also performed on
are the result of the process of implementing Good the implementation of governance within subsidiaries
Governance principles, which is supported by the in accordance with regulations in the financing and
adequacy of the Bank’s Governance structure and capital markets sectors. The results of subsidiaries’
infrastructure. self-assessments are consolidated using internal
methodology based on materiality and significance.
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ASSESSMENT RESULT
The results of individual and consolidated Bank GCG self-assessments for Semesters I and II of 2023:
GCG Implementation Self-Assessment Results
Entity Rating Rating Definition
Bank CIMB Niaga 2 Bank Governance Rating is 2 (GOOD), which reflects that Bank management has adequately
(Individually) applied the GCG principles.
CIMB Niaga Auto Finance 2 CNAF Governance Rating is 2 (GOOD), which reflects that CNAF has generally complied with the
(CNAF) GCG provisions and principles.
CIMB Niaga Sekuritas 2 CNS Governance Rating is 2 (GOOD), which reflects that CNS has generally applied the GCG
(CNS) provisions and principles.
Consolidated 2 Consolidated Governance Rating is 2 (GOOD), which reflects that management of the Bank and
subsidiaries have adequately applied the GCG principles.
Each subsidiary, CNAF and CNS, have also conducted a ASSESSMENT PROCEDURE
GCG self-assessment in accordance with OJK Governance The ACGS assessment procedure involves a review of
provisions applicable to its business activities as a English-language documents and information provided
Financing and Securities Company. by the Bank to the public, such as information contained
in the Annual Report, website, and announcements and
RECOMMENDATIONS AND FOLLOW-UP reports issued by listed companies.
CIMB Niaga’s GCG implementation in 2023, both for
bank-only and in a consolidated manner, achieved The assessment methodology comprises 2 (two) levels, :
a rating of 2 (Good). Based on this assessment, the 1. Level 1: Minimum standard items expected to be
Bank and its subsidiaries are deemed adequate in implemented in each ASEAN member country,
implementing governance principles. Despite several such as prevailing laws and regulations and OECD
governance-related identifiable weaknesses, the Bank’s principles.
management and subsidiaries can complete and carry 2. Level 2: bonus items demonstrating practices beyond
out follow-up actions normally. The Bank is committed to minimum standard expectations, as well as penalty
incorporating governance principles into its activities in items indicating poor governance.
order to achieve long-term business sustainability.
DOMESTIC ASSESSMENT
Recommendations for the 2023 self-assessment include
strengthening the governance process to support an Assessment within the
respective country
effective internal control system and maintaining risk
governance. The Bank and its subsidiaries will follow up
on these recommendations.
EXTERNAL ASSESSMENT PEER REVIEW
Assessment made among
ASEAN CORPORATE GOVERNANCE ASEAN member countries
SCORECARD
One of the external assessments conducted on CIMB
Niaga’s governance practices in recent years was based
on the ASEAN Corporate Governance Scorecard (ACGS) FINALIZATION
criteria, which adopt the corporate governance principles
Verification of certain items and a
issued by the Organization for Economic Cooperation and final evaluation for “ASEAN Asset
Development (OECD). ACGS is one of the ASEAN Capital Class,” “ASEAN Top 20,” and “Top 3” in
Market Forum’s (ACMF) initiatives to improve governance respective countries
practices among ASEAN listed companies, which is
supported by the Asian Development Bank (ADB).
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ASSESSMENT CRITERIA
The new ACGS assessment criteria issued on October 2023 includes aspects such as Rights and Equitable Treatment of
Shareholders, Sustainability Resilience, Disclosure and Transparency, dan Responsibilities of the Board.
PARTIES CONDUCTING THE ASSESSMENT
The ACMF conducts the assessment through the Domestic Ranking Body (DRB), which is appointed as a representative
in each participating country by the respective regulator. The DRB conducts national assessments for further peer
review by DRBs from other ASEAN member countries. Since 2016, OJK has appointed PT RSM Indonesia Konsultan (RSM)
as the DRB to conduct assessments in Indonesia. Additionally, the Indonesian Institute for Corporate Directorship (IICD)
also conducts ACGS assessments in Indonesia.
ASSESSMENT RESULTS
ACMF postponed the ACGS assessment in 2023 due to changes in criteria/standards, and it will be resumed in 2024
using the most recent criteria/standards.
However, CIMB Niaga was assessed by the IICD used the previous version of the criteria which sourced from the Bank’s
2022 Annual Report and the website, resulting in a score of 119.76.
Based on this assessment, and after 4 (four) consecutive years of receiving the title “Best Corporate Governance Overall,”
the Bank’s compliance level performance based on ACGS criteria in 2023 received the “Leadership in Corporate
Governance” award, which is a new additional category in 2023 and is only given to 2 (two) public companies that are
considered to be leaders in implementing ACGS standards in Indonesia. Mrs. Fransiska Oei, Compliance, Corporate
Affairs and Legal Director, received this award directly on 18 September 18 2023, at the 14th IICD Corporate Governance
Conference & Award.
RECOMMENDATIONS AND FOLLOW-UP
CIMB Niaga’s recommendations and follow-up actions regarding the assessment of the Bank’s GCG implementation
based on ACGS are as follows:
Recommendation Follow Up
Nomination and Remuneration Committee comprised of a The current composition of the Bank’s Nomination and
majority or entirely of independent party. Remuneration Committee members is in accordance with OJK
regulations. Therefore, the Bank unable to proceed with the
recommendation.
Disclose performance measurement standards that align the Disclosures will be refined in the 2023 Annual Report.
Board of Directors’ performance-based remuneration with the
company’s long-term interests.
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General Meeting of Shareholders
The General Meeting of Shareholders (GMS) is the highest organ in the Bank Governance structure. The GMS has
authority that is not delegated to the Board of Directors (BOD) or the Board of Commissioners (BOC) as regulated under
the applicable laws and regulations and/or the Bank’s Articles of Association.
CIMB Niaga holds an Annual GMS (AGMS) once a year and an Extraordinary GMS (EGMS) at any time as needed. The
AGMS and EGMS hold the highest levels of authority within the Bank Governance structure. CIMB Niaga held a GMS in
accordance with Law No. 40 of 2007 on Limited Liability Companies, Financial Services Authority Regulations (POJK) on
GMS Implementation, and the Bank’s Articles of Association, and in accordance with the ASEAN Corporate Governance
Scorecard.
SHAREHOLDERS
The GMS is a forum where shareholders can make decisions and exercise their rights to express opinions and obtain
information related to the bank. The GMS makes decisions in a fair and transparent manner that are in the best interests
of the Bank. Shareholders are individuals or legal entities who legally own Bank shares. Shareholders do not intervene
in the functions, duties, and authority of the BOC and BOD. As of 31 December 2023, the composition of CIMB Niaga’s
shareholders is as follows:
Name of the Shareholder Number of Shares (unit) Ownership Percentage (%)
CIMB Group Sdn Bhd 22,991,336,581 91.48
PT Commerce Kapital 255,399,748 1.02
Public (<5%)* 1,884,870,514 7.50
*)
Including Treasury Shares and Shares of Members of the Board of Commissioners and Board of Directors
RIGHTS, AUTHORITY AND RESPONSIBILITIES Shareholders also have additional authority, among
OF SHAREHOLDERS others: (i) appoint and dismiss members of the BOC and
Based on the Bank’s Articles of Association, Bank BOD, (ii) evaluate the performance of the BOC and BOD,
Shareholders are consisting of Class A and Class B, both (iii) temporarily suspend the BOD members, (iv) approve
of whom have equal rights, with each share entitled to 1 amendments to the Bank’s Articles of Association, (v)
(one) vote. Shareholder rights include, among others, the approve the Annual Report, (vi) approve the remuneration
following: of the BOC and BOD, and (vii) approve the proposed
1. Attend the GMS and cast 1 (one) vote; allocations for the Bank’s profits including dividend
2. Opportunity to propose the GMS agenda and payments. The Bank’s Articles of Association regulate
nominate the candidates for members of the BOC and Shareholders’ rights, authority, and responsibilities and
BOD by 1 (one) or more shareholders representing can be accessed through the Bank’s website.
at least 1/20 (one twentieth) of the total number of
shares with voting rights; IMPLEMENTATION OF CIMB NIAGA GMS IN 2023
3. Opportunity to grant power of attorney to other In 2023, CIMB held the AGMS on 10 April 2023, and received
parties if shareholders are unable to attend the GMS. GMS approval to hold a series of 2 (two) EGMS with the
The power of attorney form is available on the Bank’s same agenda and/or subject, namely the First EGMS on 9
website; October 2023, and the Second EGMS on 19 October 2023.
4. Obtain and study the GMS materials no later than The AGMS and EGMS were held electronically (e-RUPS),
28 (twenty-eight) days prior to the GMS, allowing while the GMS was physically held at the CIMB Niaga
shareholders to vote on the proposed resolutions in office. All participants, whether attending the e-GMS or
the GMS agenda; physically, are welcome to participate actively. The GMS
5. Opportunity to raise questions in every agenda resolution have been reported to the OJK and announced
discussion and every resolution on the GMS agenda; on the Bank’s website (www.cimbniaga.co.id), IDX website
6. Opportunity to vote agree, against or abstain on each (www.idx.co.id), and KSEI website (www.ksei.co.id)
proposed decision on the GMS agenda; and
7. Receive consistently fair treatment from CIMB Niaga.
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ANNUAL GMS (AGMS) ON 10 APRIL 2022
The Bank’s AGMS on 10 April 2023 was held electronically using the Electronic General Meeting System
Application of PT Kustodian Sentral Efek Indonesia (“eASY.KSEI Application”) and comply with OJK Regulation
No. 16/POJK.04/2020 on Implementation of Electronic General Meeting of Shareholders of Public Companies (“OJK
Regulation No. 16/POJK.04/2020”) and the provisions of the Bank’s Articles of Association.
Day, Date and Time Monday, 10 April 2023, Time: 2.23 p.m. - 3.42 p.m Western Indonesian Time
Venue Graha CIMB Niaga - 15th Floor, 14th Floor and M Floor
Jl. Jend. Sudirman Kav. 58, South Jakarta-12190
Quorum The AGMS was attended by shareholders and/or proxies of shareholders representing 23,757,453,312
shares, or approximately 95.2647% of the total number of shares with valid voting rights issued by
the Company (excluding Treasury Shares). Thus, the decision-making quorum requirements for the
Meeting Agenda have been met, with more than half of the total number of shares issued by the
Company having valid voting rights.
AGMS Chairman Didi Syafruddin Yahya as President Commissioner
Attendance of member of the Didi Syafruddin Yahya as President Commissioner, with all other BOC members were present,
BOC including the President both physically and via video conference
Commissioner
Attendance of member of the Lani Darmawan as President Director, with all other BOD members were present, both physically
BOD including the President and via video conference
Director
Attendance of member of Sharia Prof. Dr. M. Quraish Shihab, MA as Chairman, with all other SSB members, attended via video
Supervisory Board (SSB) conference.
Attendance of member of Audit Jeffrey Kairupan, Chairman, and all other members of the Audit Committee attended via video
Committee including the Audit conference.
Committee Chairman
Attendance of NRC Chairwoman Sri Widowati as Chairwoman attended via video conference
Attendance of ROC Chairman Glenn M. S. Yusuf as Chairman attended via video conference
Attendance of IGC Chairman Jeffrey Kairupan as Chairman attended via video conference
Number of shareholders who All shareholders are given the opportunity to raise questions and/or express opinions for each
raised questions and/or express agenda of the AGMS, however, none of the Shareholders or the proxies/representatives of
opinions Shareholders raised questions and/or expressed opinions at the AGMS.
IMPLEMENTATION STAGES OF AGMS ON 10 APRIL 2023
Activity Implementation Date Description
Notification of the 16 February 2023 Submitted to the OJK, PT Indonesia Stock Exchange (IDX) and PT Kustodian Sentral Efek
AGMS Indonesia (KSEI) 5 (five) working days prior to the AGMS Announcement.
Plan and Agenda to
Regulator
AGMS Announcement 23 February 2023 1. Conducted 14 (fourteen) days prior to the AGMS Invitation/Notice, excluding the date of
the AGMS Announcement and Invitation/Notice.
2. Published in Bahasa and English through the Bank’s website, IDX’s website and KSEI’s
website.
3. Report of the announcement was submitted to OJK and IDX on the same day (hardcopy
and e-reporting via SPE-OJK & IDX-Net).
Recording Date of the 9 March 2023 Recorded 1 (one) working day prior to the AGMS Invitation/Notice
List of Shareholders
who are entitled to
attend the AGMS
Invitation/Notice 10 March 2023 1. Conducted 28 (twenty-eight) days prior to the AGMS, excluding the date of AGMS
including explanation Invitation/Notice and AGMS;
of each AGMS Agenda 2. Publish in Bahasa and English through:
a. “Investor Daily” newspaper;
b. The Bank’s website, IDX’s website, and KSEI’s website.
3. Proof of advertisement and AGMS Invitation/Notice report were submitted to OJK and
IDX on the same day (hardcopy and e-reporting via SPE-OJK & IDX-Net).
AGMS Implementation 10 April 2023 The Meeting was held electronically using the eASY.KSEI Application and complying with OJK
Regulation No. 16/POJK.04/2020 on the Implementation of General Meeting of Shareholder
of Public Company Electronically in conjunction with Article 12 paragraph 12 of the Company’s
Article of Association. In addition, the AGMS was also held physically , where all participants,
either present physically or electronically, can attend and actively participate in the AGMS.
Summary of Minutes 10 April 2023 Publication of the AGMS Resume (notarial) and the Summary of Minutes (Results) of the
(Results) of the AGMS AGMS, including the voting results for each agenda, were uploaded in Bahasa and English
on the Bank’s website, IDX’s website, and KSEI’s website. The AGMS Summary of Minutes
(Results) Report was submitted to OJK and IDX on the same day (hardcopy and e-reporting
via SPE-OJK & IDX-Net).
Deed of Minutes of 8 May 2023 The Deed of Minutes of the AGMS was submitted to OJK and IDX no later than 15 (fifteen)
AGMS working days or 28 (twenty eight) calendar days after the AGMS was held and uploaded
in Bahasa and English on the Bank’s website, IDX’s website, and KSEI’s website. The Deed
of Minutes of the AGMS was submitted to OJK and IDX on the same day (hardcopy and
e-reporting via SPE OJK& IDX-Net).
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ELECTRONIC VOTING (E-VOTING) AND COUNTING The Rules of Conduct of the AGMS, which are announced/
MECHANISM uploaded on the Bank’s website alongside the AGMS
The AGMS decision-making mechanism is based on Invitation/Notice and read by the Corporate Secretary
deliberation to reach a consensus. In order to ensure before the AGMS begins, fully disclose the e-Voting
that deliberation to reach consensus is achieved while procedures used at the AGMS venue. Aside from
maintaining the independence and confidentiality of being stated in the Rules of Conduct of the AGMS, the
shareholders in the process of granting voting rights, procedures for e-voting at the AGMS venue are also
decision making is carried out using closed voting. uploaded on the website in the form of an illustrative
video.
AGMS decisions are made in accordance with the
AGMS quorum, and voting takes place on each AGMS INDEPENDENT PARTY TO CALCULATE VOTES
agenda item. Shareholders and/or their proxies who are At the AGMS on 10 April 2023, CIMB Niaga appointed
physically present vote individually and electronically independent parties, namely (i) Notary Ashoya Ratam,
(“e-Voting”) at the AGMS location (“e-Voting at the S.H., M.Kn., as Public Notary, and (ii) PT Bima Registra
Meeting Venue”) using a Smartphone or other Mobile as Securities Administration Bureau, to perform
Device (tablets, etc.) or Touch Screen Monitors provided calculations, validation, and voting at the AGMS.
by the Bank, ensuring that Shareholders’ votes remain
confidential. Shareholders and/or proxies who attend AGMS RESOLUTION ON 10 APRIL 2023
electronically can complete the eASY.KSEI e-Voting The AGMS resolution is contained in Deed No. 20 dated
process. Meanwhile, shareholders who use the e-Proxy 10 April 2023, made in the presence of Ashoya Ratam S.H.,
mechanism to provide power of attorney are deemed to M.Kn., Notary in the Administrative City of South Jakarta.
have exercised their voting rights through eASY.KSEI and The resolution to approve changes to the composition of
are not permitted to carry out the e-Voting process at the the Company’s Board of Commissioners by appointing
Meeting Venue. Farina J. Situmorang as Company Commissioner has
been restated in Deed No. 21 dated 10 April 2023, which
was made in the presence of the Notary and received
notification from the Minister of Law and Human Rights
of the Republic of Indonesia (Menkumham) via Letter No.
AHU-AH.01.09-0112273 dated 18 April 2023.
Details of the AGMS resolution on 10 April 2023 are as follows:
1st Agenda Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements for
the Financial Year Ended on 31 December 2022
Voting Result Total Majority Votes: 23,757,375,200 Shares or 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,752,623,600 Shares (99.9797%) 78,112 Shares (0.0003%) 4,751,600 Shares (0.0200%)
AGMS Resolution 1. Approve the Company’s Annual Report for the financial year ending 31 December 2022;
2. Ratify the Company’s Consolidated Financial Statements for the finncial year ending 31 December 2022, which
were audited by the Public Accounting Firm “TANUDIREDJA, WIBISANA, RINTIS & REKAN” (a member firm of
the PricewaterhouseCoopers Global Network) as stated in its report dated 17 February 2023, with the opinion
“The Consolidated Financial Statements presented fairly, in all material respects.” The consolidated financial
position of PT Bank CIMB Niaga Tbk and its subsidiaries as of 31 December 2022, as well as the performance
of consolidated financials and consolidated cash flows for the year ending on that date, in accordance with
Indonesian Financial Accounting Standards”;
3. Ratify the Supervisory Duties Report of the Company’s Board of Commissioners and SSB for the financial year
ending 31 December 2022.
4. Provide full release and discharge of responsibility (“volledig acquit et décharge”) to members of the Company’s
Board of Commissioners, Board of Directors, and SSB for management and supervision actions performed in
the financial year 2022, as long as the actions are reflected in the Company’s Annual Report for the financial year
ending 31 December 2022.
Realization It has been realized in 2023.
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2nd Agenda Determination on the Use of Company Profits for the Financial Year Ending 31 December 2022.
Voting Result Total Majority Votes: 23,757,375,200 Shares or 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,909,900 Shares (99.9977%) 78,112 Shares (0.0003%) 465,300 Shares (0.0020%)
AGMS Resolution Approved the use of Net Income (exclusive to the Company) for the Financial Year ending 31 December 2022 in the
amount of Rp4,786,402,977,175 (“the Company Net Income for Financial Year 2022”), for:
1. Distributed as a final cash dividend of up to 60% of the Company’s Net Income for the financial year 2022, or a
maximum of Rp2,871,841,786,305 (gross), according to the following schedule:
- Cum dividends in regular and negotiated markets : 18 April 2023
- Ex dividend in regular and negotiated markets : 26 April 2023
- Cum Dividends on Cash Market : 27 April 2023
- Recording date for eligible shareholders : 27 April 2023
- Ex Dividend on Cash Market : 28 April 2023
- Dividend Payment for Financial Year 2022 : 10 May 2023
and authorize the Board of Directors to determine cash dividend distribution procedures in compliance with
capital market regulations.
2. Reserve not set aside, considering the minimum statutory reserve requirements as regulated in Article 70 of Law
No. 40 of 2007 concerning Limited Liability Companies (“Company Law”) have been met.
3. To record the remaining Company’s Net Income for the Financial Year 2022, after substracting out dividend
distributions, as retained earnings totaling Rp1,914,561,190,870 to fund the Company’s business operations.
Realization It has been realized in 2023
3rd Agenda Appointment of a Public Accountant and Public Accounting Firm for the 2023 Financial Year and Determination
of Honorarium and Other Requirements relating to the Appointment.
Voting Result Total Majority Votes: 23,757,375,200 Shares or 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,892,600 Shares (99.9976%) 78,112 Shares (0.0003%) 482,600 Shares (0.0020%)
AGMS Resolution 1. Approved the appointment of JIMMY PANGESTU and the Public Accounting Firm “TANUDIREDJA, WIBISANA,
RINTIS & REKAN” (member firms of the PricewaterhouseCoopers Global Network) which are respectively
registered with the OJK as Public Accountants and Public Accounting Firms, or other Public Accountants in
the same Public Accounting Firm in the event that the person concerned is permanently unable to audit the
Company’s Consolidated Financial Statements for the 2023 Financial Year
2. Approve the delegation of authority to the Company’s Board of Commissioners to appoint a Public Accountant
and/or another Public Accounting Firm in the event that the appointed Public Accountant and/or Public
Accounting Firm is unable to complete the provision of audit services or is permanently unable to audit the
Company’s Consolidated Financial Statements for the financial year 2023.
The following provisions govern the delegation of authority:
a. The Company’s Board of Commissioners must appoint another Public Accounting Firm from one of the big
four groups of Public Acounting Firm in Indonesia
b. The appointment must also be based on the Audit Committee’s recommendation.
c. Honorarium and appointment requirements for other Public Accounting Firms must be determined
competitively and fairly;
d. No objection from OJK; and
e. Appointment does not conflict with applicable laws and regulations.
3. Approved the Public Accounting Firm’s annual audit fees honorarium for the Company’s Consolidated Financial
Statements for the 2023 Financial Year amounting to Rp9,920,754,000, which includes the additional application
of 2 (two) new PSAK 71 models (excluding VAT, OPE, and the new model of PSAK 71 other than the two mentioned
above).
4. Approved the delegation of authority to the Company’s Board of Directors to carry out matters deemed
necessary in connection with the appointment of Public Accountants and Public Accounting Firms, including but
not limited to holding meetings and signing letters of appointment for Public Accountant and Public Accounting
Firm
Realization It has been realized in 2023
4th Agenda Reappointment of DIDI SYAFRUDDIN YAHYA as President Commissioner of the Company.
Voting Result Total Majority Votes: 23,741,215,976 Shares or 99.9317% (Agree)
Agree Against Abstain/No Votes#
23,740,743,776 Shares (99.9297%) 16,237,336 Shares (0.0683%) 472,200 Shares (0.0020%)
AGMS Resolution Approved the re-appointment of DIDI SYAFRUDDIN YAHYA as President Commissioner of the Company, with an
effective term of office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual
GMS following the effective date of his appointment, without prejudice to the AGMS’s right to dismiss him at any time
in accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2023
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5th Agenda Reappointment of SRI WIDOWATI as Independent Commissioner of the Company.
Voting Result Total Majority Votes: 23,741,215,976 Shares or 99.9317% (Agree)
Agree Against Abstain/No Votes#
23,740,742,276 Shares (99.9297%) 16,237,336 Shares (0.0683%) 473,700 Shares (0.0020%)
AGMS Resolution Approved the re-appointment of SRI WIDOWATI as Independent Commissioner of the Company, with an effective
term of office beginning with the close of the Meeting and ending with the close of the 3rd (third) Annual GMS
following the effective date of her appointment, without prejudice to the GMS’s right to dismiss her at any time in
accordance with the provisions of Article 119 of the Company Law.
Realization It has been realized in 2023
6th Agenda Reappointment of PROF. DR. M. QURAISH SHIHAB, MA as Chairman of the Company’s Sharia Supervisory Board.
Voting Result Total Majority Votes: 23,757,349,100 Shares or 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,878,000 Shares (99.9976%) 104,212 Shares (0.0004%) 471,100 Shares (0.0020%)
AGMS Resolution Approved the re-appointment of PROF. DR. M. QURAISH SHIHAB, MA, as Chairman of the Company’s Sharia
Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending with the close
of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the GMS’s right
to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the Company’s Articles
of Association.
Realization It has been realized in 2023
7th Agenda Reappointment of PROF. DR. FATHURRAHMAN DJAMIL, MA as Member of the Company’s Sharia Supervisory Board.
Voting Result Total Majority Votes: 23,757,368,700 Shares or 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,897,000 Shares (99.9977%) 84,612 Shares (0.0004%) 471,700 Shares (0.0020%)
AGMS Resolution Approved the re-appointment of PROF. DR. FATHURRAHMAN DJAMIL, MA, as a Member of the Company’s Sharia
Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending with the close
of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the GMS’s right
to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the Company’s Articles
of Association.
Realization It has been realized in 2023
8th Agenda Reappointment of DR. YULIZAR DJAMALUDDIN SANREGO, M.EC. as Member of the Company’s Sharia
Supervisory Board.
Voting Result Total Majority Votes: 23,757,368,700 Shares or 99.9996% (Agree)
Agree Against Abstain/No Votes#
23,756,896,500 Shares (99.9977%) 84,612 Shares (0.0004%) 472,200 Shares (0.0020%)
AGMS Resolution Approved the re-appointment of DR. YULIZAR DJAMALUDDIN SANREGO, M.EC., as Member of the Company’s Sharia
Supervisory Board, with an effective term of office beginning with the close of the Meeting and ending with the close
of the 3rd (third) Annual GMS following the effective date of his appointment, without prejudice to the GMS’s right
to dismiss him at any time in accordance with the provisions of Article 20 paragraph 20.2 of the Company’s Articles
of Association.
Realization It has been realized in 2023
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9th Agenda Approval of Changes to the Composition of the Company’s Board of Commissioners by appointing FARINA J.
SITUMORANG, as Independent Commissioner of the Company.
Voting Result Total Majority Votes: 23,757,375,200 Shares or 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,893,000 Shares (99.9976%) 78,112 Shares (0.0003%) 482,200 Shares (0.0020%)
AGMS Resolution 1. Approved changes to the composition of the Company’s Board of Commissioners by appointing FARINA
J. SITUMORANG, as Independent Commissioner of the Company, with an effective term of office beginning
with the date specified in the Meeting that appointed her and subject to the OJK approval and/or fulfillment of
the requirements stipulated in the approval letter from the OJK (“Effective Date”) and ending with the close of
the 3rd (third) Annual GMS following the Effective Date of appointment without prejudice to the GMS right to
dismiss her at any time in accordance with the provisions of Article 119 of the Company Law.
In the event that the OJK does not approve the appointment or the OJK’s requirements are not met, the
appointment will be null and void, with no need for GMS approval.
Thus, the Company’s Board of Commissioners is composed of the following:
BOARD OF COMMISSIONERS
President Commissioner : DIDI SYAFRUDDIN YAHYA
Vice President Commissioner (Independent) : GLENN MUHAMMAD SURYA YUSUF
Independent Commissioner : JEFFREY KAIRUPAN
Independent Commissioner : SRI WIDOWATI
Independent Commissioner : FARINA J. SITUMORANG*
Commissioner : DATO’ ABDUL RAHMAN AHMAD
Commissioner : VERA HANDAJANI
*)
Effective as of the date specified in the GMS that appointed him and subject to the approval from the OJK and/or fulfill ment of
the requirements stipulated in the approval from the OJK.
2. Approve the delegation of authority to the Company’s Board of Directors with the right of substitution, to
restate the decision regarding the Change in the Composition of the Company’s Board of Commissioners in a
notarial deed and notify the competent authorities, and to do everything necessary in accordance with statutory
regulations.
Realization It has been realized in 2023
10th Agenda Determination of the amount of salary or honorarium and other allowances for the Board of Commissioners and
Sharia Supervisory Board, as well as salaries, allowances and bonuses for the Company’s Board of Directors.
Voting Result Total Majority Votes: 23,680,087,062 Shares or 99.6743% (Agree)
Agree Against Abstain/No Votes#
23,678,153,762 Shares (99.6662%) 77,366,250 Shares (0.3257%) 1,933,300 Shares (0.0081%)
AGMS Resolution 1. Approve and determine the amount of salary or honorarium and other allowances for the Board of Commissioners
in the financial year 2023 at a maximum of Rp24,075,000,000 (gross), and authorize the Company’s President
Commissioner to determine the amount of salary or honorarium and other allowances for each member of the
Company’s Board of Commissioners, taking into consideration the recommendations of the Nomination and
Remuneration Committee (“NRC”);
2. Approve and determine the amount of salary or honorarium and other allowances for SSB in the 2023 financial
year at a maximum of Rp2,993,000,000 (gross), and authorize the President Commissioner of the Company to
determine the amount of salary or honorarium and other allowances for each member of the Company’s SSB,
taking into consideration the recommendations of the Nomination and Remuneration Committee (“NRC”);
All members of the Board of Commissioners (including Independent Commissioners) and SSB receive no
tantiem/bonuses;
3. Approved the amount of tantiem/bonus for the 2022 financial year, which was paid in 2023 to the Company’s
Board of Directors in the amount of Rp79,879,000,000 (gross), including the provision of variable remuneration
in the form of shares or share-based instruments issued by The Company, and authorizes the Company’s Board
of Commissioners to determine the amount of tantiem/bonus for each member of the Company’s Board of
Directors, taking into consideration the recommendations of the Nomination and Remuneration Committee
(“NRC”);
The provision of variable remuneration in the form of shares or share-based instruments is in compliance with
OJK Regulation No. 45/POJK.03/2015 on Implementing Governance in Providing Remuneration for Commercial
Banks and Company Policy (“POJK No. 45/POJK.03/2015”).
4. Approved the use of a portion of the Company’s remaining treasury shares from the share-based loyalty
program in the form of the Management and Employee Stock Ownership Program (MESOP) to provide variable
remuneration to Management members who fall into the Company’s Material Risk Takers (MRT) category, which
will be paid in 2024 and 2025 in accordance with POJK No. 45/POJK.03/2015;
5. Approved the delegation of authority to the Company’s Board of Commissioners to determine the amount of
salary, holiday allowances, and other allowances for each member of the Company’s Board of Directors for the
financial year 2023, as well as the terms and conditions for providing variable remuneration to Management
members who fall into the Company’s MRT category, based on NRC’s recommendations. The amount of salaries,
holiday allowances, and other allowances paid to the Company’s Board of Directors for the financial year 2023
will be disclosed in the Company’s Annual Report.
Realization It has been realized in 2023
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11th Agenda Approval of the Company’s Resolution Plan and Updating of the Company’s Recovery Plan.
Voting Result Total Majority Votes: 23,757,375,200 Shares or 99.9997% (Agree)
Agree Against Abstain/No Votes#
23,756,899,100 Shares (99.9977%) 78,112 Shares (0.0003%) 476,100 Shares (0.0020%)
AGMS Resolution 1. Approve the Company’s Resolution Plan, which was submitted to the Indonesia Deposit Insurance Corporation
(“IDIC”) on 28 November, 2022, and includes, among other things, Resolution Options that the Company can use
if the Company is declared a failed bank by the Regulator.
2. Approved the updated Recovery Plan that the Company submitted to the OJK on 25 November, 2022, which
includes, among other things, updated trigger levels to adjust the conditions and provisions that are currently in
force; and
3. Approved the delegation of power and authority to the Company’s Board of Commissioners and Board of
Directors to carry out any and all necessary actions in connection with the Company’s Resolution Plan and the
updating of the Company’s Recovery Plan, each with due observance of IDIC Regulation No.1 2021 concerning
Resolution Plans for Commercial Banks and OJK Regulation No. 14/POJK.03/2017 concerning Recovery Plan for
Systemic Banks and other related regulations.
Realization It has been realized in 2023
Description: Blank/No Votes:
#)
In accordance with the provisions of article 13 paragraph 13.4 of the Company’s Articles of Association, “shareholders of shares with valid voting rights who are present
at the GMS but abstain (not voting) are deemed to have cast the same vote as the majority of vote holders who cast votes.”All with the provision that shareholders who
vote as stated above agree to comply with and respect the decisions made for the relevant GMS agenda.”
12th Agenda Others
Report to the AGMS a. The Company’s Sustainable Financial Action Plan (RAKB) Report.
1) The realization of the Sustainable Financial Action Plan (RAKB) for 2022 and RAKB 2023 has been submitted
to the OJK Bank Supervisory on 25 November 2022;
2) RAKB 2023 is part of RAKB 2019-2023 which was submitted to OJK in 2018 and reported to the AGMS held
in 2019;
3) RAKB 2023 contains the realization of the Company’s action plan for 2022 and the action plan that will be
implemented by the Company in 2023, including:
a) development of sustainable financial products and/or portfolios;
b) capacity development program;
c) internal adjustments;
d) sustainable Corporate Social Responsibility program.
b. Report on Changes in Members of the Company’s Audit Committee.
1) Pay attention to:
a) The Company’s Audit Committee Charter;
b) NRC Recommendation No. 014/NOMREM/KP/X2022 dated 26 September 2022 which was approved
based on of the Board of Commissioners Circular Resolution No. 017/DEKOM/KP/X/2022 dated 10
October 2022 and Board of Directors Circular Resolution No. 005/SIR/DIR/X/2022 dated 21 October
2022; and
c) NRC Recommendation No. 003/NomRem/KP/I/2023 dated 16 January 2023 which was approved based
on the Board of Commissioners Circular Resolution No. 002/DEKOM/KP/I/2023 and Board of Directors
Circular Resolution No. 001/SIR/DIR/I/2023, both dated 20 January 2023;
The Company reports to the Meeting regarding changes to the Company’s Audit Committee Members
by appointing:
• GLENN MUHAMMAD SURYA YUSUF, as Member of the Company’s Audit Committee, with
assignment period 2022-2024;
• ANGELIQUE DEWI DARYANTO, as Member of the Company’s Audit Committee, with assignment
period 2022-2025;
• RIATU MARIATUL QIBTHIYYAH, as Member of the Company’s Audit Committee, with assignment
period 2023-2024
without prejudice to the right of the Company’s Board of Commissioners to dismiss them at any time.
Meanwhile, RONALD T. A. KASIM is no longer serves as a member of the Company’s Audit Committee,
effective since being appointed as a member of the Company’s Risk Oversight Committee on 20 January
2023.
2) Thus, the composition of the Company’s Audit Committee is as follows:
a) JEFFREY KAIRUPAN, as Chairman and Member;
b) GLENN MUHAMMAD SURYA YUSUF, as Member;
c) ENDANG KUSSULANJARI S., as Member;
d) ANGELIQUE DEWI DARYANTO, as Member; and
e) RIATU MARIATUL QIBTHIYYAH, as Member.
Realization It has been realized in 2023
As of 31 December 2023, there were no unrealized resolutions of the AGMS.
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FIRST EXTRAORDINARY GMS (EGMS) ON 9 OCTOBER 2023
The Bank’s First EGMS on 9 October 2023 was held electronically using the eASY.KSEI Application and considering OJK
Regulation No. 16/POJK.04/2020 as well as the provisions of the Bank’s Articles of Association.
Day, Date, Time Monday, 9 October 2023, opening and closing at 2.33 p.m. Western Indonesian Time.
Venue Graha CIMB Niaga - 15th Floor, 14th Floor and M Floor
Jl. Jend. Sudirman Kav. 58, South Jakarta-12190
Not Quorum The EGMS on the First Agenda was attended by independent shareholders and/or proxies from
independent shareholders representing 754,897,148 independent shares, or approximately
44.8477% of the total number of independent shares issued by the Company (excluding Treasury
Shares). The Second Agenda was attended by shareholders and/or proxies of shareholders
representing 24,001,633,477 shares (independent and non-independent), or approximately
96.2270% of the total number of independent shares issued by the Company (excluding Treasury
Shares).
EGMS Chairman Didi Syafruddin Yahya as President Commissioner.
Attendance of members of the Didi Syafruddin Yahya, President Commissioner, and all other members of the BOC were present
BOC, including the President both physically and via video conference, with the exception of Sri Widowati, who was on an
Commissioner official trip.
Attendance of member of the Lani Darmawan, President Director, and all other members of the BOD were present both
BOD, including the President physically and via video conference, with the exception of Rusly Johannes, who was on annual
Director leave.
Attendance of member of the SSB Prof. Dr. M. Quraish Shihab, MA, Chairman, and all other members of the SSB attended via video
conference.
Attendance of member of the Jeffrey Kairupan, Chairman, and all other members of the Audit Committee attended via video
Audit Committee, including Audit conference.
Committee Chairman
Attendance of NRC Chairwoman Sri Widowati, Chairwoman, was not present due to on an official trip.
Attendance of ROC Chairman Glenn M. S. Yusuf, Chairman, attended via video conference.
Attendance of IGC Chairman Jeffrey Kairupan, Chairman, attended via video conference.
STAGES OF IMPLEMENTATION OF THE FIRST EGMS ON 9 OCTOBER 2023
Acitivity Implementation Date Description
Notification of AGMS 16 August 2023 Submitted to OJK, Indonesia Stock Exchange (IDX) and Indonesia Central Securities
Plans and Agenda to Depository (KSEI) 5 (five) working days prior to the EGMS Announcement.
Regulators
EGMS Announcement 24 August 2023 1. Conducted 14 (fourteen) days prior to the EGMS Invitation/Notice, excluding the date of
the EGMS Announcement and Invitation/Notice.
2. Published in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s website.
3. The announcement report is submitted to the OJK and IDX on the same day (hardcopy
and e-reporting via SPE OJK & IDXNet).
Recording Date of the 7 September 2023 It is recorded 1 (one) working day prior to the EGMS Invitation/Summon
List of Shareholders
entitled to attend the
EGMS
The Invitation/ 8 September 2023 1. Conducted 28 (twenty-eight) days prior to the EGMS, excluding the date of the EGMS
Summon includes an Invitation/Summon and EGMS.
explanation of each 2. Published in Bahasa and English on:
EGMS Agenda Item a. “Investor Daily” newspaper;
b. Bank’s website, IDX’s website, and KSEI’s website.
3. Proof of advertisement and report on AGMS Invitation/Summon submitted to OJK and
IDX on the same day (hardcopy and e-reporting via SPE OJK & IDXNet).
EGMS Implementation 9 October 2023 The EGMS was held (i) electronically using the eASY.KSEI Application and considering OJK
Regulation No.16/POJK.04/2020 concerning the Implementation of Electronic General
Meetings of Shareholders of Public Companies in conjunction with Article 12 paragraph 12.1
of the Company’s Article of Association; and (ii) physically , where all EGMS participants who
are present physically or electronically can take part and actively participate in the EGMS.
Summary of Minutes 9 October 2023 Publication of EGMS Resume (notaril) and Summary of Minutes EGMS (Results) are uploaded
(Results) of the EGMS in Bahasa and English on the Bank’s website, IDX’s website and KSEI’s website.
The Summary of Minutes EGMS (Results) is submitted to the OJK and IDX on the same day
(hardcopy and e-reporting via SPE OJK & IDXNet).
Deed of Minutes of 25 October 2023 The Deed of Minutes of EGMS is submitted to OJK and IDX within 12 (twelve) working days
EGMS or 16 (sixteen) calendar days after the EGMS is held, and uploaded in Bahasa and English on
the Bank’s website, IDX’s website and KSEI’s website.
The Deed of Minutes EGMS Report is submitted to OJK and IDX on the same day (hardcopy
and e-reporting via SPE OJK & IDXNet).
ELECTRONIC VOTING (E-VOTING) AND COUNTING MECHANISMS
The EGMS’ decision-making mechanism is based on deliberation to reach a consensus. In order to ensure that deliberation
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Performance Management Company Management Discussion Risk
Highlights Reports Profile and Analysis Management
to reach consensus is achieved while maintaining the as Public Notary and (ii) PT Bima Registra as Bureau
independence and confidentiality of shareholders in Securities Administration, to carry out calculations,
the process of granting voting rights, decision making is validation, and voting at the EGMS
carried out using closed voting.
FIRST EGMS RESOLUTIONS ON 9 OCTOBER 2023
EGMS resolutions are made in accordance with the The EGMS resolution was included in Deed No. 6 dated 9
quorum, and voting is conducted on each EGMS agenda October 2023, made in the presence of Yumna Shabrina
item. Shareholders and/or their proxies who are SH., M.Kn., Notary in the South Jakarta Administrative City.
physically present vote individually and electronically
(e-Voting) at the AGMS (e-Voting at the Meeting Venue) The EGMS’s First and Second Agendas are interrelated. Due
using a Smartphone or other Mobile Device (tablet, etc.- to the failure to meet the quorum for attendance on the
other) or Touch Screen Monitor provided by the Bank, EGMS’s first agenda, the EGMS has no right or authority to
ensuring that shareholders’ votes are kept confidential. discuss and make legal and binding decisions on the entire
Shareholders and/or proxies who attend electronically agenda. Therefore, no meeting decisions have been made
can complete the eASY.KSEI e-Voting process. Meanwhile, and must be implemented at the EGMS on 9 October 2023.
shareholders who use the e-Proxy mechanism to provide
power of attorney are deemed to have exercised their SECOND EXTRAORDINARY GMS (EGMS) ON
voting rights through eASY.KSEI and are not permitted to 19 OCTOBER 2023
vote electronically at the Meeting Venue. The Bank’s Second EGMS, held on 19 October 2023, was
conducted electronically using the eASY.KSEI Application
The Rules of Conduct of the EGMS, which are and in accordance with POJK No. 16/POJK.04/2020 and
announced/uploaded on the Bank’s website alongside the Bank’s Articles of Association.
the Invitation to the EGMS and read by the Corporate
Secretary before the EGMS begins, provide a complete The EGMS on 19 October 2023, is the second EGMS held
outline of the e-Voting procedures carried out at the in response to the first EGMS on 9 October 2023, which
EGMS venue. Aside from being outlined in the Rules of failed to meet the quorum requirements.
Conduct of the EGMS, the procedures for e-voting at the
EGMS venue are also uploaded on the website in the Day, Date and Time Thursday, 19 October 2023, opening and closing at
form of an illustrative video. Venue Graha CIMB Niaga - M Floor
Jl. Jend. Sudirman Kav. 58, South Jakarta -12190
INDEPENDENT PARTY TO CALCULATE VOTES
At the EGMS on 9 October 2023, CIMB Niaga appointed
independent parties, namely (i) Yumna Shabrina SH.,
MKn., replacement for Notary Ashoya Ratam, S.H., M.Kn.,
Not Quorum The EGMS on the First Agenda was attended by independent shareholders and/or their proxies,
totaling 756,063,779 independent shares, or approximately 44.7360% of the Company’s total
number of independent shares issued (excluding Treasury Shares). The Second Agenda was
attended by shareholders and/or proxies of shareholders representing 24,002,800,108 shares
(independent and non-independent), or approximately 95.5084% of the total number of
independent shares issued by the Company (excluding Treasury Shares).
AGMS Chairman Didi Syafruddin Yahya as President Commissioner.
Attendance of member of the Didi Syafruddin Yahya, President Commissioner, and all other members of the BOC were present
BOC, including the President both physically and via video conference, with the exception of Sri Widowati, who was on an official
Commissioner trip.
Attendance of member of the Lani Darmawan, President Director, and all other members of the BOD were present both
BOD, including the President physically and via video conference.
Director
Attendance of member of the SSB Prof. Dr. M. Quraish Shihab, MA, Chairman, and all other members of SSB attended via video
conference.
Attendance of member of the Jeffrey Kairupan, Chairman, and all other members of the Audit Committee were present via video
Audit Committee, including Audit conference, with the exception of Endang Kussulanjari S., who was on Umrah pilgrimage.
Committee Chairman
Attendance of NRC Chairman Sri Widowati as Chairwoman was not present due to on an official trip
Attendance of ROC Chairman Glenn M. S. Yusuf as Chairman attended via video conference.
Attendance of IGC Chairman Jeffrey Kairupan as Chairman attended via video conference.
STAGES OF IMPLEMENTATION OF THE SECOND EGMS ON 19 OCTOBER 2023
Activity Implementation Date Description
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Notification of EGMS - The Regulator does not require notifications for the Second GMS. Considering that the
Plans and Agenda to attendance quorum at the First EGMS (9 October 2023) was not met, the Bank did not submit
Regulators Notification to the Regulator for the Second EGMS (19 October 2023).
EGMS Announcement 10 October 2023 1. Carried out 2 (two) days prior to the EGMS summon
2. Published in Bahasa and English on the Bank ‘s website, IDX’s website and KSEI’s website
3. The announcement report is submitted to the OJK and IDX on the same day and date
(hardcopy and e-reporting via SPE OJK & IDXNet).
Recording Date of the 11 October 2023 Recorded 1 (one) working day prior to the EGMS Invitation/Notice.
List of Shareholders
entitled to attend the
EGMS
The Invitation/ 12 October 2023 1. Conducted 7 (seven) days prior to the Second EGMS, excluding the date of the EGMS
Notice includes an Invitation/Notice and EGMS.
explanation of each 2. Published in Bahasa and English on:
EGMS Agenda Item a. “Investor Daily” newspaper;
b. Bank and IDX websites, as well as the eASY.KSEI Application.
3. Proof of advertisement and Invitation/Notice report submitted to OJK and IDX on the
same day (hardcopy and e-reporting via SPE-OJK & IDX-Net).
EGMS Implementation 19 October 2023 The EGMS was held (i) electronically using the eASY.KSEI Application and considering OJK
Regulation No.16/POJK.04/2020 concerning the Implementation of Electronic General
Meetings of Shareholders of Public Companies in conjunction with Article 12 paragraph 12.1
of the Company’s Article of Association; and (ii) physically , where all EGMS participants who
are present physically or electronically can take part and actively participate in the EGMS.
Summary of Minutes 19 October 2023 Publication of EGMS Resume (notaril) and Summary of Minutes (Results) of the EGMS are
(Results) of the EGMS uploaded in Bahasa and English on the Bank’s website, IDX website and KSEI website.
The Summary of Minutes (Results) of the EGMS report is submitted to the OJK and IDX on the
same day (hardcopy and e-reporting via SPE OJK & IDXNet).
Deed of Minutes of 1 November 2023 Deed of Minutes of EGMS is submitted to OJK and IDX within 9 (nine) working days or 12
EGMS (twelve) calendar days after the EGMS is held, and uploaded in Bahasa and English on the
Bank’s website, IDX website and KSEI website.
Deed of Minutes of EGMS Report is submitted to OJK and IDX on the same day (hardcopy and
e-reporting via SPE OJK & IDXNet).
ELECTRONIC VOTING (E-VOTING) AND COUNTING MECHANISMS
The EGMS
t 2.22 p.m. Western Indonesian Timedecision-making mechanism is based on deliberation to reach a consensus. In order to ensure that
deliberation to reach consensus is achieved while maintaining the independence and confidentiality of shareholders in
the process of granting voting rights, decision making is EGMS, the procedures for e-voting at the EGMS venue
carried out using closed voting. are also uploaded on the website in the form of an
illustrative video.
EGMS decisions are made in accordance with the
quorum, and voting is conducted on each EGMS agenda INDEPENDENT PARTY TO CALCULATE VOTES
item. Shareholders and/or their proxies who are At the EGMS on 19 October 2023, CIMB Niaga appointed
physically present vote individually and electronically independent parties, namely (i) Yumna Shabrina SH.,
(e-Voting) at the AGMS (e-Voting at the Meeting Venue) MKn., replacement for Notary Ashoya Ratam, S.H., M.Kn.,
using a Smartphone or other Mobile Device (tablet, etc.- as Public Notary and (ii) PT Bima Registra as Bureau
other) or Touch Screen Monitor provided by the Bank, Securities Administration, to perform calculations,
ensuring that shareholders’ votes are kept confidential. validation, and voting.
Shareholders and/or proxies who attend electronically
can complete the eASY.KSEI e-Voting process. Meanwhile, SECOND EGMS RESOLUTION ON 19 OCTOBER 2023
shareholders who use the e-Proxy mechanism to provide The EGMS decision was incorporated into Deed No.
power of attorney are deemed to have exercised their 17 dated 19 October 2023, made in the presence of
voting rights through eASY.KSEI and are not permitted to Yumna Shabrina SH., MKn., Notary in the South Jakarta
vote electronically at the Meeting Venue. Administrative City.
The Rules of Conduct of the EGMS, which are announced/ The EGMS’s First and Second Agendas are interrelated.
uploaded on the Bank’s website alongside the Summon Due to the failure to meet the quorum for attendance
to the EGMS and read by the Corporate Secretary before on the EGMS’s first agenda, the EGMS has no right or
the EGMS begins, provide a complete outline of the authority to discuss and make legal and binding decisions
e-Voting procedures carried out at the EGMS venue. on the entire agenda. Therefore, no meeting decisions
Aside from being outlined in the Rules of Conduct of the have been made and must be implemented at the EGMS
on 19 October 2023.
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THIRD EXTRAORDINARY GMS (EGMS) April 2022, made in the presence of Ashoya Ratam S.H.,
ON 11 JANUARY 2024 M.Kn., Notary in the South Jakarta Administrative City.
Following the failure to meet the attendance quorum at The decision to approve changes to the Bank’s Articles of
the First EGMS on 9 October 2023 and the Second EGMS Association (AA) has also been restated, and all provisions
on 19 October 2023, the Bank held the Third EGMS on of the Bank’s Article of Association have been formulated
11 January 2024, where the Bank obtained approval from in Deed No. 14 dated 8 April 2022, which was made in the
Shareholders (Independent and Non-Independent) to presence of the Notary and received notification from
the same agenda as the First and Second EGMS. Details the Minister of Law and Human Rights of the Republic
of the Bank’s Third EGMS can be accessed on the Bank’s of Indonesia via Letter No. AHU-AH.01.03-0227633 dated
website, and the Bank will also include information about 19 April 2022.
the Third EGMS in the next Annual Report of the Bank.
All agendas and decisions made at the AGM on 8 April
DECISIONS AND REALIZATION OF PREVIOUS 2022, have been implemented in 2022, and there are no
GMS RESULTS GMS decisions that have not been implemented in the
All AGMS decisions are contained in Deed No. 13 dated 8 current financial year or 1 (one) year prior. The specifics
of the 8 April 2022 resolutions are as follows.
1st Agenda Approval of the Annual Report and Ratification of the Company’s Consolidated Financial Statements for
the Financial Year Ending 31 Decembe 2021.
Voting Result Total Majority Votes: 23,961,738,702 shares or 99.9792% (Agree)
Agree Against Abstain/No Votes#
23,961,409,502 shares (99.9778%) 4,991,212 shares (0.0208%) 329,200 shares (0.0014%)
AGMS Resolution 1. Approve the Company’s Annual Report for the financial year ending 31 December 2021;
2. Ratify the Company’s Consolidated Financial Report for the financial year ending 31 December 2021 which
has been audited by the Public Accounting Firm “Tanudiredja, Wibisana, Rintis & Rekan” (a member firm
of PricewaterhouseCoopers Global in Indonesia) as stated in its report dated 17 February 2022, with the
opinion “The Consolidated Financial Statements present fairly, in all material respects. The consolidated
financial position of PT Bank CIMB Niaga Tbk and its subsidiaries as of 31 December 2021, as well as their
consolidated financial performance and cash flows for the year ended on that date, in accordance with
Financial Accounting Standards in Indonesia”;
3. Ratify the Supervisory Duties Report of the Board of Commissioners and Sharia Supervisory Board (DPS) of
the Company for the financial year ending 31 December 2021; and
4. Provide full release and discharge of responsibility (“volledig acquit et décharge”) to members of the
Company’s Board of Commissioners, Board of Directors and SSB (including members of the Board of
Commissioners and Board of Directors who have resigned in 2021), for the management and supervision
carried out in 2021 book, as long as the management and supervision actions are reflected in the Company’s
Annual Report for the financial year ending 31 December 2021
Realization It has ben realized in 2022
2nd Agenda Determination of the Use of Company Profits for the Financial Year Ending 31 December 2021.
Voting Result Total Majority Votes: 23,966,688,102 shares or 96.9998% (Agree)
Agree Against Abstain/No Votes#
23,966,363,802 shares (99.9985%) 41,812 shares (0.0002%) 324,300 shares (0.0014%)
AGMS Resolution Approved the use of the Company’s Net Profit for the Financial Year ending 31 December 2021 amounting to
Rp3,909,476,308,045 (“Company Net Profit for the 2021 Financial Year”), for:
1. Distributed as a final cash dividend of a maximum of 60% of the Company’s Net Profit for the 2021 Financial
Year or maximum Rp2,345,685,784,827 (gross), with the following schedule:
- Cum Dividends in Regular and Negotiated Markets : 19 April 2022
- Ex Dividend in Regular and Negotiated Markets : 20 April 2022
- Cum Dividends on the Cash Market : 21 April 2022
- Recording date for eligible shareholders : 21 April 2022
- Ex Dividend on Cash Market : 22 April 2022
- Dividend Payment for Financial Year 2021 : 28 April 2022
and authorize the Board of Directors to determine the procedures for distributing cash dividends in
accordance with applicable provisions in the capital market sector;
2. Reserves not set aside, considering the minimum statutory reserve requirements as regulated in Article 70
of Law No. 40 of 2007 concerning Limited Liability Companies (“Company Law”) has been fulfilled;
3. To record the remaining Company’s Net Profit for the 2021 Financial Year, after substracting out dividend
distribution, as retained profit amounting to Rp1,563,790,523,218 to finance the Company’s business
activities.
Realization It has been realized in 2022
3rd Agenda Appointment of a Public Accountant and Public Accounting Firm for the 2022 Financial Year and
Determination of Honorarium and Other Requirements relating to the Appointment.
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Voting Result Total Majority Votes: 23,961,691,666 shares or 99.9790% (Agree)
Agree Against Abstain/No Votes#
23,961,367,466 shares (99.9792%) 5,038,248 shares (0.0210%) 324,200 shares (0.0014%)
AGMS Resolution 1. Approved the appointment of IRHOAN TANUDIREDJA and the Public Accounting Firm “TANUDIREDJA,
WIBISANA, RINTIS & REKAN” (member firm of PricewaterhouseCoopers Global in Indonesia) which are
respectively registered with the OJK as Public Accountants and Public Accounting Firms, or other Public
Accountants in the same Public Accounting Firm, in the event that the person concerned is permanently
unable to audit the Company’s Consolidated Financial Statements for the 2022 Financial Year;
2. Approve the delegation of authority to the Company’s Board of Commissioners to appoint a Public
Accountant and other Public Accounting Firm, in the event that the appointed Public Accountant and/
or Public Accounting Firm is unable to complete the provision of audit services or is permanently unable
to audit the Company’s Consolidated Financial Statements for the 2022 Financial Year. The following
provisions apply to the delegation of authority:
a. The other Public Accounting Firm appointed by the Company’s Board of Commissioners must be one
of the big four groups of Public Accounting Firms in Indonesia;
b. The appointment must be based on the recommendation of the Company’s Audit Committee;
c. The amount of honorarium and other appointment requirements for other Public Accounting Firms
must be determined competitively and fairly;
d. No objection from OJK; and
e. The appointment does not conflict with applicable laws and regulations;
3. Approved the determination of the Public Accounting Firm annual audit fees honorarium for the Company’s
Consolidated Financial Statements for the 2022 Financial Year at a maximum of Rp9,226,700,000 (excluding
VAT and OPE);
4. Approved the delegation of authority to the Company’s Board of Directors to carry out matters deemed
necessary in connection with the appointment of Public Accountants and Public Accounting Firms,
including but not limited to the process of holding meetings and signing letters of appointment for Public
Accountants and Public Accounting Firms.
Realization It has been realized in 2022
4th Agenda Reappointment of LEE KAI KWONG as Director of the Company
Voting Result Total Majority Votes: 23,964,504,502 shares or 99.9907% (Agree)
Agree Against Abstain/No Votes#
23,964,172,002 shares (99.9894%) 2,225,412 shares (0.0093%) 332,500 shares (0.0014%)
AGMS Resolution Approved the re-appointment of LEE KAI KWONG, as Director of the Company, with an effective term of office
beginning with the close of the AGMS and ending with the close of the 3rd (third) Annual GMS following the
effective date of his appointment without prejudice to the GMS right to dismiss him at any time in accordance
with the provisions of Article 105 of the Company Law.
Realization It has been realized in 2022
5th Agenda Reappointment of JOHN SIMON as Director of the Company
Voting Result Total Majority Votes: 23,964,504,502 shares or 99.9907% (Agree)
Agree Against Abstain/No Votes#
23,960,595,602 shares (99.9744%) 2,225,412 shares (0.0093%) 3,908,900 shares (0.0163%)
AGMS Resolution Approved the re-appointment of JOHN SIMON, as Director of the Company, with an effective term of office
beginning with the close of the AGMS and ending with the close of the 3rd (third) Annual GMS following the
effective date of his appointment without prejudice to the right of the GMS to dismiss him at any time in
accordance with the provisions of Article 105 of the Company Law.
Realization It has been realized in 2022
6th Agenda Approval of Changes to the Composition of the Company’s Board of Directors by Appointing NOVIADY
WAHYUDI as Director of the Company.
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Voting Result Total Majority Votes: 23,964,601,202 shares or 99.9911% (Agree)
Agree Against Abstain/No Votes#
23,964,268,702 shares (99.9898%) 2,128,712 shares (0.0089%) 332,500 shares (0.0014%)
AGMS Resolution 1. Approved changes to the composition of the Company’s Board of Directors by appointing NOVIADY
WAHYUDI, as Director of the Company, with an effective term of office starting from the date specified in
the GMS that appointed him and subject to approval from the OJK and/or fulfillment of the requirements
stipulated in the approval letter from the OJK (“Effective Date”) until the closing of the 3rd (third) Annual
GMS following the Effective Date of appointment without prejudice to the GMS right to dismiss him at any
time in accordance with the provisions of Article 105 of the Company Law.
In the event that the OJK does not approve the appointment or the requirements set by the OJK are not
met, then the appointment will be null and void without the need for GMS approval.
Thus, the composition of the Company’s Board of Directors is as follows:
BOARD OF DIRECTORS
President Director : LANI DARMAWAN
Direktur : LEE KAI KWONG
Director : JOHN SIMON
Director concurrently Compliance Director : FRANSISKA OEI
Director : PANDJI P. DJAJANEGARA
Director : TJIOE MEI TJUEN
Director : HENKY SULISTYO
Director : JONI RAINI
Director : RUSLY JOHANNES*
Director : NOVIADY WAHYUDI**
*)
Appointed at the Extraordinary GMS on 17 December 2021 and effective after obtaining OJK approval and/or fulfilling the requirements
stipulated in the OJK approval.
**)
Effective from the date specified in the GMS that appointed it and subject to approval from the OJK and/or fulfillment of the
requirements stipulated in the approval letter from the OJK.
2. Approve the delegation of authority to the Company’s Board of Directors with the right of substitution,
to restate the decision regarding the Change in the Composition of the Company’s Board of Directors in
a notarial deed and notify the competent authorities and in connection with this matter to do everything
deemed necessary in accordance with statutory regulations.
Realization It has been realized in 2022
7th Agenda Determination of the amount of salary or honorarium and other allowances for the Board of
Commissioners and Sharia Supervisory Board, as well as salaries, allowances and bonuses for the
Company’s Board of Directors.
Voting Result Total Majority Votes: 23,966,682,902 shares or 99.9998% (Agree)
Agree Against Abstain/No Votes#
23,965,734,702 shares (99.9959%) 47,012 shares (0.0002%) 948,200 shares (0.0040%)
AGMS Resolution 1. Approve and determine the amount of salary or honorarium and other allowances for the Board of
Commissioners in the 2022 financial year at a maximum of Rp19,470,000,000 (gross), and authorize
the President Commissioner of the Company to determine the amount of salary or honorarium and
other allowances for each of member of the Company’s Board of Commissioners, considering the
recommendations of the Nomination and Remuneration Committee (“NRC”);
2. Approve and determine the amount of salary or honorarium and other allowances for SSB in the 2022
financial year at a maximum of Rp2,287,106,000 (gross), and authorize the President Commissioner of the
Company to determine the amount of salary or honorarium and other allowances for each members of
the Company’s SSB, considering the NRC’s recommendations. All members of the Board of Commissioners
(including Independent Commissioners) and SSB do not receive bonuses/bonuses;
3. Approved the amount of tantiem/bonus for the 2021 financial year which was paid in 2022 to the
Company’s Board of Directors in the amount of Rp63,447,192,000 (gross), including the provision of
variable remuneration in the form of shares or share-based instruments issued by The Company, and
authorizes the Company’s Board of Commissioners to determine the amount of tantiem/bonus for each
member of the Company’s Board of Directors, considering the NRC’s recommendations.
The provision of variable remuneration in the form of shares or share-based instruments is in accordance
with OJK Regulation No. 45/POJK.03/2015 concerning Implementation of Governance in Providing
Remuneration for Commercial Banks and Company Policy; and
4. Approved the delegation of authority to the Company’s Board of Commissioners to determine the amount
of salary, holiday allowances and other allowances for each member of the Company’s Board of Directors
for the 2022 financial year, considering the NRC’s recommendations. The amount of salaries, holiday
allowances and other allowances for the Company’s Board of Directors for the 2022 financial year was
disclosed in the Company’s 2022 Annual Report.
Realization It has been realized in 2022
8th Agenda Approval of Amendments to the Company’s Articles of Association
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Voting Result Total Majority Votes: 23,966,316,602 shares or 99.9983% (Agree)
Agree Against Abstain/No Votes#
23,965,989,202 shares (99.9969%) 413,312 shares (0.0017%) 327,400 shares (0.0014%)
AGMS Resolution 1. Approve changes to the Company’s Articles of Association, namely several provisions in Article 3 concerning
Purpose, Objectives and Business Activities; Article 4 concerning Capital; Article 5 concerning Shares;
Article 10 concerning Transfer of Rights to Shares; Article 11 concerning GMS; Article 12 concerning Venue,
Summon and Chairman of the GMS; Article 13 concerning Quorum, Voting Rights and GMS Resolutions;
Article 14 concerning Directors; Article 15 concerning Duties and Authorities of the Board of Directors;
Article 16 concerning Board of Directors Meetings; Article 17 concerning the Board of Commissioners;
Article 18 concerning Duties and Authorities of the Board of Commissioners; Article 19 concerning Board
of Commissioners Meetings; and Article 20 concerning the Sharia Supervisory Board; in order to adapt to
the latest laws and regulations as well as to improve editorial and consistency between articles;
Details of changes to the Company’s Articles of Association have been fully presented at the AGMS.
2. Approved the delegation of authority to the Company’s Board of Directors with the right of substitution, to
restate decisions regarding changes to the Company’s Articles of Association in a notarial deed, to notify
the competent authorities, and in connection with this matter to do everything deemed necessary in
accordance with statutory provisions.
Realization It has been realized in2022
9th Agenda Approval of the Company’s Updated Recovery Plan.
Voting Result Total Majority Votes: 23,966,316,602 shares or 99.9983% (Agree)
Agree Against Abstain/No Votes#
23,965,989,202 shares (99.9969%) 413,312 shares (0.0017%) 327,400 shares (0.0014%)
AGMS Resolution 1. Approved the updated Recovery Plan that the Company had prepared and submitted to the OJK on 26
November 2021 and the revised Recovery Plan that the Company had submitted to the OJK on 25 February
2022, including, among other things, containing changes to trigger levels in order to comply with the
current stipulated provisions;
2. Approved the delegation of power and authority to the Company’s Board of Commissioners and Board of
Directors to carry out any and all necessary actions in connection with updating the Company’s Recovery
Plan by considering OJK Regulation No. 14/POJK.03/2017 concerning Recovery Plans for Systemic Banks,
and other related regulations.
Realization It has been realized in 2022
Description - Abstain/No Vote#:
#)
In accordance with the provisions of article 13 paragraph 13.4. Articles of Association of the Company: “Shareholders of shares with valid voting rights who are present
at the GMS but abstain (not voting) are deemed to have cast the same vote as the vote of the majority of voting holders who cast votes, provided that shareholders who
cast such votes are obliged to comply and respect the decisions that have been taken for the relevant GMS agenda.”
10th Agenda Others: Report on the Company’s Sustainable Financial Action Plan (RAKB).
Report to the AGMS 1. The realization of the 2021 Sustainable Financial Action Plan (RAKB) and 2022 RAKB was submitted to the OJK
Bank Supervisory on 26 November 2021;
2. The 2022 RAKB is part of the 2019-2023 RAKB which was submitted to the OJK in 2018 and reported to the
AGMS held in 2019;
3. RAKB 2022 contains the realization of the Company’s action plan for 2021 and the action plan that the
Company implemented in 2022, including:
a. development of sustainable financial products and/or portfolios;
b. capacity development programs;
c. internal adjustments; And
d. sustainable Corporate Social Responsibility program.
Realization It has been realized in 2022
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Board of Commissioners
The Board of Commissioners is one of the Bank’s 3. The Bank’s Articles of Association;
governance organs, and it is responsible for general 4. General Guidelines of GCG in Indonesia issued by
and/or specific supervision in accordance with the National Committee on Governance Policy (KNKG);
Articles of Association, as well as ensuring that the Bank and
conducts business in accordance with the specified 5. ASEAN Corporate Governance Scorecard.
goals and objectives, providing advice to the Board of
Directors, and ensuring that the Bank implements GCG The Board of Commissioner Charter sets forth the
principles at all levels of the organization. Furthermore, following matters:
the Board of Commissioners ensures that the Bank’s 1. Accountability;
business activities are consistent with its stated goals and 2. Structure and Membership;
objectives, as well as in compliance with all applicable 3. Requirements and Appointment;
regulations and legislation. 4. Duties and Responsibilities;
5. Conflicts of Interest;
LEGAL BASIS 6. Transparency;
The legal basis for the establishment and appointment 7. Work Ethics and Working Hours;
of the Bank’s Board of Commissioners is pursuant to 8. Meetings;
several provisions, including: 9. Term of Office;
1. Laws of the Republic of Indonesia concerning Limited 10. Resignation; and
Liability Companies and Banking; 11. Performance Assessment and Accountability.
2. Financial Services Authority (OJK) Regulations, OJK
Circular Letter, Bank Indonesia (BI) Regulations, STRUCTURE, NUMBER, AND COMPOSITION
and BI Circular Letter on the implementation and OF THE BOARD OF COMMISSIONERS IN 2023
organization of Corporate Governance; The structure, number, and composition of members of
3. Bank’s Articles of Association; and the CIMB Niaga Board of Commissioners in 2023 have
4. Deed of General Meeting of Shareholders Resolution complied with the applicable provisions as regulated in
No. 53 dated 17 December 2021 as notified to the the Board of Commissioners Charter, namely:
Minister of Law and Human Rights of the Republic 1. The number of members of the CIMB Niaga Board
of Indonesia (Menkumham RI) through Notification of Commissioners is at least 3 (three) people and at
Receipt Letter No. AHU-AH.01.03-0490516 dated 24 most the same as the number of members of the
December 2021. Board of Directors, which is 7 (seven) members of the
Board of Commissioners.
CHARTER OF THE BOARD OF COMMISSIONERS 2. CIMB Niaga’s Board of Commissioners is led by the
In carrying out its duties and responsibilities, the Board President Commissioner.
of Commissioners shall refer to the guidelines and 3. One member of the Board of Commissioners is
procedures as stated in the Board of Commissioners appointed as Vice President Commissioner, namely
Charter. The Board of Commissioners charter is Glenn M. S. Yusuf.
evaluated and updated regularly, pursuant to the 4. At least 1 (one) member of the Board of Commissioners
prevailing rules and regulations in Indonesia. This charter must be domiciled in Indonesia. CIMB Niaga has 5
contains binding guidelines and procedures for each (five) members of the Board of Commissioners who
Board of Commissioners member, enabling the Board are domiciled in Indonesia.
of Commissioners to perform its oversight function in 5. 4 (four) out of 7 (seven) people, or 57% (fifty seven
an efficient, effective, transparent, independent, and percent) of the members of the CIMB Niaga Board of
accountable manner. The Board of Commissioners Commissioners are Independent Commissioners.
Charter has been updated on 20 June 2023, and uploaded 6. 6 (six) out of 7 (seven) people, or 85% (eighty five
to the Bank’s website. percent) of the members of the CIMB Niaga Board of
Commissioners are Indonesian citizens.
The legal basis for preparing the Board of Commissioners 7. The replacement and/or appointment of members
Charter are as follow: of the CIMB Niaga Board of Commissioners has
1. Law No. 40 of the Republic of Indonesia on Limited considered the recommendations of the Nomination
Liability Companies; and Remuneration Committee and obtained approval
2. OJK Regulations and OJK Circular Letters on the from the GMS and OJK.
implementation and structure of Corporate
Governance;
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8. All the members of CIMB Niaga Board of Commissioners do not have family relationships up to the second degree
with fellow members of the Board of Commissioners and/or Board of Directors or Controlling Shareholders.
9. All members of the Bank’s Board of Commissioners have passed the Fit and Proper Test, where 1 (one) Independent
Commissioner as of 31 December 2023 is still in the Fit and Proper Test process and has been declared effective in
office on 25 January 2024.
In line with the principles of the ASEAN Corporate Governance Scorecard, the number and composition of CIMB Niaga’s
Board of Commissioners consist of the following:
1. 3 (three) members of the Board of Commissioners are women, of which 2 (two) serve as Independent Commissioners.
2. More than 50% (fifty percent) of the members of the Board of Commissioners are Independent Commissioners,
namely 4 (four) Independent Commissioners out of a total of 7 (seven) members of the Board of Commissioners.
3. In terms of expertise, the majority of members of the Board of Commissioners have work experience in the banking
sector.
4. Appointment of one of the Independent Commissioners as Senior Independent Commissioner, namely Jeffrey
Kairupan.
No. Name Position Term of Office
1 Didi Syafruddin Yahya President Commissioner 2023-2026
2 Glenn M. S. Yusuf Vice President Commissioner (Independent) 2020-2024
3 Jeffrey Kairupan Independent Commissioner 2020-2024
4 Sri Widowati Independent Commissioner 2023-2026
5 Dato’ Abdul Rahman Ahmad Commissioner 2020-2024
6 Vera Handajani Commissioner 2021-2025
7 Farina J. Situmorang* Independent Commissioner 2023-2026
*)
Appointed as Independent Commissioner at the AGMS 10 April 2023 and effective as of 25 January 2024.
TERM OF OFFICE OF THE BOARD OF COMMISSIONERS
1. The term of office for a member of the Board of Commissioners is from the date of appointment by the GMS until
the closing of the 3rd (third) Annual GMS (AGMS), without prejudice to the right of the GMS to dismiss the member
at any time in accordance with the applicable Articles of Association and provisions. The term of office was changed
to 3 (three) years at the 2022 AGMS.
2. The appointment of members of the Board of Commissioners will be effective after obtaining OJK approval or
fulfilling the requirements stipulated in the OJK approval letter in relation to the fit and proper test and other
relevant authorities (if any), and has been approved by the shareholder through the GMS.
3. The term of office for an Independent Commissioner is 2 (two) consecutive terms, or a maximum of 9 (nine) years.
4. The term of office for a member of the Board of Commissioners ends if:
a. The term of office ends in accordance with the provisions of the Bank’s Articles of Association;
b. Resign in accordance with applicable provisions;
c. No longer meets statutory requirements;
d. Passed away;
e. Dismissed based on GMS decision;
f. Declared bankrupt or placed under guardianship based on a court decision;
g. Involved in financial crime.
5. Members of the Board of Commissioners whose terms of office have ended may be reappointed by considering the
applicable provisions.
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FIT AND PROPER ASSESSMENT
Prospective members of the Board of Commissioners are required to obtain approval from the OJK before carrying
out their actions, duties, and functions as the Board of Commissioners. This is in line with OJK Regulation No. 27/
POJK.03/2016 concerning Capability and Conformity Assessment for Main Parties of Financial Services Institutions.
Members of the Bank’s Board of Commissioners are required to have adequate integrity, competence, and financial
reputation, as shown in the table below:
Legal Basis of
No. Name Position Regulator BI/OJK Approval Effective Date Reappointment
Appointment
1 Didi Syafruddin President OJK AGMS No. SR-188/PB.12/2020 7 July 2020 AGMS
Yahya Commissioner 9 April 2020 dated 7 July 2020 10 April 2023
2 Glenn M. S. Vice President OJK AGMS No. SR-308/PB.12/2020 16 September -
Yusuf Commissioner 9 April 2020 dated 16 September 2020
(Independent) 2020
3 Jeffrey Kairupan Independent OJK AGMS No. SR-183/D.03/2016 14 September 2016 AGMS
Commissioner 15 April 2016 dated 14 September 9 April 2020
2016
4 Sri Widowati Independent OJK AGMS No. SR-309/PB.12/2019 20 November 2019 AGMS
Commissioner 15 April 2019 dated 20 November 10 April 2023
2019
5 Dato’ Abdul Commissioner OJK EGMS No. SR-122/PB.12/2021 29 April 2021 -
Rahman Ahmad 25 September dated 28 April 2021
2020
6 Vera Handajani Commissioner OJK EGMS No. SR-310/PB.12/2021 17 December 2021 -
17 December dated 1 December
2021 2021
7 Farina J. Independent OJK AGMS No. SR-27/PB.02/2024 25 January 2024 -
Situmorang Commissioner 10 April 2023 dated 18 January 2024
DUTIES, RESPONSIBILITIES AND AUTHORITIES 3. The Board of Commissioners is tasked with
OF THE BOARD OF COMMISSIONERS supervising management policies, the running of
The Board of Commissioners acts and is responsible management in general and is responsible for this
collegially, assisted by the Audit Committee, Risk Oversight supervision as well as providing advice to the Board
Committee, Nomination and Remuneration Committee, of Directors.
and Integrated Governance Committee in accordance 4. In carrying out supervision as referred to in numbers
with their respective fields. The duties, responsibilities, 2 and 3 above, the Board of Commissioners is obliged
and authority of the Board of Commissioners apply to to direct, monitor and evaluate the implementation
each member of the Board of Commissioners as follows: of the Bank’s strategic policies in accordance with
1. Each member of the Board of Commissioners must act regulations.
based on the decision of the Board of Commissioner 5. The Board of Commissioners ensures the harmony
rather than independently of environmental, social economic and governance
2. The Board of Commissioners is obliged to ensure aspects in the preparation of business strategies and
the implementation of Good Corporate Governance implementation of business activities by the Board
in every Bank business activity at all levels of the of Directors, as a form of implementing sustainable
organization at least through: banking business.
a. Implementation of the duties and responsibilities 6. In the event that there is only one member of the
of the Board of Commissioners and Board of Board of Commissioners due to the absence of other
Directors; members, all duties and authorities granted to the
b. Completeness and implementation of the duties President Commissioner or other members of the
of committees and work units that carry out the Board of Commissioners in the Bank’s Articles of
Bank’s internal control function; Association shall apply to him as well.
c. Implementation of compliance, internal auditors 7. The Board of Commissioners is prohibited from
and external auditors’ functions; being involved in making decisions on the Bank’s
d. Implementation of risk management, including operational activities, except:
internal control systems; a. Provision of funds to related parties as regulated
e. Providing funds to related parties and providing in OJK provisions regarding the Legal Lending
large funds; Limit for Commercial Bank; and
f. Bank strategic plan; b. Other matters stipulated in the Bank’s Articles of
g. Transparency of the Bank’s financial and non- Association or applicable laws and regulations.
financial conditions;
h. Approve and periodically review the Bank’s vision,
mission and main values.
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8. Decision making by the Board of Commissioners as 18. Based on number 17, the Board of Commissioners
referred to in number 7 above, is part of the supervisory submits suggestions in order to improve the quality
duties of the Board of Commissioners so that it does of the implementation of the Compliance Function to
not negate the responsibility of the Board of Directors the President Director.
for the implementation of Bank management. 19. The Board of Commissioners is responsible for
9. The Board of Commissioners approves and supervises ensuring the implementation of risk management in
the implementation of the Strategy, Business accordance with the characteristics, complexity and
Plan and several Bank Policies in accordance with risk profile of the Bank by:
applicable regulations, including the determination a. Approve the risk management policy including the
and implementation of Anti-Fraud strategies, Anti- risk management framework strategy determined
Money Laundering and Counter-Terrorism Financing in accordance with the Bank’s risk appetite and
(AML-CTF) procedures, Whistleblowing, Intgegrated risk tolerance.
Governance, Affiliated Transactions, Legal Lending b. Evaluate risk management policies and strategies
Limits (LLL), and other Bank strategies in accordance at least once a year or more frequently if there are
with applicable regulations. changes in factors that significantly influence the
10. The Board of Commissioners is obliged to evaluate, Bank’s business activities.
direct and monitor the Bank’s strategic plans and 20. In implementing the internal audit function, the
implementation of Information Technology (IT) Board of Commissioners is responsible for:
governance in accordance with applicable regulations. a. Ensure that the Board of Directors develops and
11. Without intervening, supervise the selection and maintains an adequate, effective and efficient
assessment of prospective members of the Board of internal control system;
Commissioners and Board of Directors through the b. Review the effectiveness and efficiency of the
Nomination and Remuneration Committee. internal control system based on information
12. The Board of Commissioners is obliged to ensure obtained from the Bank’s Internal Audit Work Unit
that the Board of Directors has followed up on audit (IA) at least once a year;
findings and recommendations from the Bank’s c. Appoint an independent quality controller from
internal audit work unit, external auditors, OJK an external party to review IA’s performance,
supervision results and/or supervision results from considering the recommendations of the Audit
other authorities. Committee.
13. The Board of Commissioners is obliged to notify OJK no 21. The Board of Commissioners and the President
later than 7 (seven) working days after the discovery of: Director are responsible for ensuring that the
a. Violation of laws and regulations in the financial implementation of internal audits in the Bank’s
and banking sector; and subsidiaries is carried out using the Bank’s audit
b. Circumstances or predicted conditions that could standards, with due regard to the size, characteristics
endanger the continuity of the Bank’s business. and complexity of the subsidiary’s business.
14. In order to support the effective implementation 22. The Board of Commissioners communicates with
of its duties and responsibilities, the Board of the internal audit function of the Bank’s Controlling
Commissioners is obliged to form at least: Shareholders to ensure that the latter prepares the
a. Audit Committee; audit scope and conducts internal audit activities
b. Risk Oversight Committee; and within the Bank with adequate coverage, all with
c. Nomination and Remuneration Committee. due regard to the provisions of applicable laws and
15. The Board of Commissioners is obliged to supervise regulations.
the Committee that has been formed as reffered to 23. The Board of Commissioners and President
in number 14 to carry out its duties effectively, and is Director approves the appointment or dismissal
obliged to carry out evaluations and/or assessments of the Chief Audit Executive, with due regard to the
of the performance of the said Committee at least at recommendations of the Audit Committee.
the end of each fiscal year. 24. A member of the Board of Commissioners appointed
16. The Board of Commissioners, in collaboration with the by the Board of Commissioners is obliged to chair the
President Director, approves the annual audit plan and GMS. In the event that all members of the Board of
budget allocation for the implementation of the internal Commissioners are absent or unable to attend for
audit function and charter, taking the recommendations any reason, that does not need to be proven to a
of the Audit Committee into account. third party, the GMS will be chaired by the President
17. The Board of Commissioners is obliged to carry out Director.
active supervision of the Compliance Function by:
a. Evaluate the implementation of the Bank’s
Compliance Function at least twice a year.
b. Provide suggestions in order to improve the quality of
implementation of the Bank’s Compliance Function.
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25. In carrying out its duties, the Board of Commissioners 5. Ensure that the implementation of the Board of
is entitled to seek the assistance of experts within a Commissioners’ responsibilities is carried out
limited period of time. according to procedures.
26. Based on the resolution of the Board of 6. In collaboration with the President Director, sign
Commissioners Meeting, the Board of Commissioners the report on the appointment or dismissal of the
has the authority to temporarily dismiss members Chief Audit Executive and the report on the results
of the Board of Directors by stating the reasons. In of an independent external review of the Bank’s IA
the event that a member of the Board of Directors is performance, to be submitted to the OJK.
temporarily dismissed, the Board of Commissioners 7. Ensure that the Board of Commissioners meetings
must hold a GMS no later than 90 (ninety) days after carry out effective decision making based on accurate
the date of the temporary dismissal, to revoke or and complete information, including ensuring that:
confirm the decision on the temporary dismissal. a. All strategic and important issues are taken into
27. The Board of Commissionersmay undertake the Bank consideration by the Board of Commissioners;
management action under certain circumstances and b. Existing problems are discussed carefully and
for a certain period of time. In such cases, all provisions thoroughly;
regarding the rights, authority and obligations of the c. All members of the Board of Commissioners are
Board of Directors towards the Bank and third parties given the opportunity to contribute effectively;
will apply. d. Each Commissioner receives timely relevant
28. The Board of Commissioners, at all time within information and is properly briefed on the issues
office working hours, entitled to enter buildings and to be discussed at the Board of Commissioners
grounds or other premises used or controlled by the meeting; and
Bank, and is entitled to examine all accounts, letters e. Board of Commissioners meetings produce
and other evidence, to audit and verify the cash and clear resolutions that are stated in the meeting
other financial conditions, as well as to ascertain all minutes.
actions taken by the Board of Directors. 8. Ensure that the Board of Commissioners behaves
29. The Board of Commissioners is entitled to obtain in accordance with the Board of Commissioners
explanations on all matters relating to the operations Charter.
of the Bank and its subsidiaries as well as matters 9. Lead the efforts to meet the development needs of
relating to the Bank’s ethical standards. the Board of Commissioners.
30. The Board of Commissioners must ensure that 10. Carry out other responsibilities assigned by the Board
the Board of Directors possesses and implements of Commissioners, from time to time, and
Financial Literacy and Financial Inclusion activity 11. Conduct a final evaluation of the results of the
plans. collegial performance assessment of the Board of
31. The Board of Commissioners must prepare succession Commissioners and its committees, as well as the
plans for the Chief Executive Officer (CEO)/President individual performance assessment of each member
Director and key management to ensure sustainable of the Board of Commissioners and members of their
regeneration of the Bank’s future leadership. committees, with due regard to the recommendations
of the Nomination and Remuneration Committee.
DUTIES AND RESPONSIBILITIES OF THE
PRESIDENT COMMISSIONER DUTIES AND AUTHORITIES OF SENIOR
The President Commissioner of CIMB Niaga has the INDEPENDENT COMMISSIONERS
following duties and responsibilities: 1. Act as coordinator and leader of Board of
1. Coordinate the implementation of the duties and Commissioners Meetings for agendas that have the
responsibilities of the Board of Commissioners. potential to have a conflict of interest with affiliated
2. Propose to hold the Board of Commissioners parties.
meetings, including the meeting agendas. 2. Act as a liaison to the Board of Commissioners if
3. Invitation and chair the Board of Commissioners there are matters that need to be conveyed regarding
meeting. Controlling Shareholders.
4. Submit a supervisory report to obtain AGMS approval 3. Act as an independent channel/means for
for the implementation of the duties and supervision whistleblowers regarding Controlling Shareholders.
of the Board of Commissioners.
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DELEGATION OF DUTIES OF MEMBERS OF THE BOARD OF COMMISSIONERS
In line with their respective competencies and fields, several members of the Board of Commissioners carry out
duties and hold concurrent positions as chairs of committees under the Board of Commissioners, with the following
details:
Committee Committee Membership by Members of the Board of Commissioners
Audit Committee 1. Jeffrey Kairupan (Chairman concurrently member)
2. Glenn M. S. Yusuf (Member)
Risk Oversight Committee 1. Glenn M. S. Yusuf (Chairman concurrently member)
2. Didi Syafruddin Yahya (Member)
3. Jeffrey Kairupan (Member)
4. Vera Handajani (Member)
Nomination and Remuneration 1. Sri Widowati (Chairwoman concurrently member)
Committee 2. Glenn M. S. Yusuf (Member)
3. Didi Syafruddin Yahya (Member)
Integrated Governance Committee Jeffrey Kairupan (Chairman concurrently member)
INDEPENDENCE OF THE BOARD OF Executive Officers at 1 (one) non-financial institution/
COMMISSIONERS company, whether domiciled at home or abroad; or
The independence of the Board of Commissioners, as 2. Member of committee on a maximum of 5 (five)
stated in the Board of Commissioners Charter is as follows: committees in Banks or public companies where the
1. The Board of Commissioners and their families and person concerned also serves as a member of the
other parties affiliated with them are not allowed to Board of Commissioners or Board of Directors.
take loans from the Bank.
2. The Board of Commissioners may not take advantage Excluding concurrent positions as referred to above if:
of information obtained from the Bank to make 1. Members of the Board of Commissioners, Board
decisions for personal, family and affiliated parties’ of Directors or Executive Officers who carry out
benefit and interests. supervisory functions in 1 (one) non-Bank subsidiary
3. The Board of Commissioners is not allowed to receive company controlled by the Bank.
personal income or profits from the Bank other than 2. Non-independent members of the Board of
remuneration and other facilities as set forth in the Commissioners carry out the functional duties for the
Bank policy and approved by the GMS. Bank shareholders in the form of legal entities in their
4. The Board of Commissioners is obliged to prioritize business groups; and/or
the interests of the Bank by implementing 3. Members of the Board of Commissioners hold
professionalism and integrity principles, as well as positions in non-profit organizations or institutions.
working and behaving to the highest standard.
5. The Board of Commissioners is not allowed to store As long as the person concerned does not fail to carry
and duplicate documents or control Bank assets for out their duties and responsibilities as a member of
personal interests. the Bank’s Board of Commissioners. All members of
6. Unless otherwise regulated in the applicable laws and the CIMB Niaga Board of Commissioners do not have
regulations and the Bank’s Articles of Association, the concurrent positions in CIMB Niaga subsidiaries. The
Board of Commissioners has no right to represent Company Profile Chapter of this Annual Report lists
the Bank even when authorized by the Board of the concurrent positions held by members of the
Directors, unless due to the failure of the Board of Board of Commissioners in other agencies/companies/
Directors to function, the Board of Commissioners institutions/organizations in 2023.
takes over the role of the Board of Directors.
7. All members of the Board of Commissioners are CONFLICT OF INTEREST OF THE BOARD OF
not allowed to receive, give or offer anything from/ COMMISSIONERS
to State Officials and business partners. None of the Throughout 2023, no member of the Board of
members of the Bank’s Board of Commissioners Commissioners has a conflict of interest with the Bank,
received any shares or bonuses. either actual or potential. The Board of Commissioners
is committed to avoiding potential conflicts of interest in
CONCURRENT POSITION OF BOARD OF any situation, as stated in the Board of Commissioners
COMMISSIONERS Charter. If a conflict of interest arises, the Board of
The concurrent positions of the Bank’s Board Commissioners is prohibited from taking any action
of Commissioners are regulated in the Board of that could harm or reduce the Bank’s profits, and it is
Commissioners Charter, whereby members of the Board required to disclose the potential conflict of interest in
of Commissioners may only hold concurrent positions as: all decisions.
1. Members of the Board of Commissioners, members
of the Sharia Supervisory Board, Board of Directors or
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In the event of a conflict of interest, members of the 6. Ensure that the Board of Directors has followed up
Board of Commissioners must follow the procedures on audit findings and recommendations from the
outlined below: Internal Audit Work Unit (IA), including improvements
1. Required to immediately report in writing to the Board to the audit findings of external auditors and
of Commissioners regarding all matters that have the regulators.
potential to create and/or contain conflicts of interest 7. Regarding liquidity in both Rupiah and US Dollars,
that have a significant financial and reputational the Board of Commissioners receives the Board of
impact for CIMB Niaga, the Board of Commissioners Directors’ Reports on a regular basis to gain a clear
and the Board of Directors. picture of the Bank’s funding and liquidity structure,
2. It is not permitted to participate in the assessment as well as its funding strategy.
process for all activities that contain a conflict of 8. Review: (i) monitoring reports every semester, (ii) GCG
interest. assessment reports, and (iii) related party transactions
3. May participated in meetings, but are not allowed to and approve several internal policies that require
take part in decision making. approval up to the Board of Commissioners level.
9. Receive the most recent report on investments and
POLICY ON THE PROVISION OF LOAN TO THE achievements related to operations and information
BOARD OF COMMISSIONERS technology that have been implemented in 2023.
As regulated in the Board of Commissioners Charter, CIMB 10. Monitor the Bank’s operational risks which include
Niaga has a policy that Independent Commissioners, and Non-Performing Loans (NPL), impaired loans and
their families, and other parties affiliated with them are fraud.
not permitted to take loans from the Bank. Meanwhile, 11. Review and approve the Resolution Plan and updated
Non-Independent Commissioners and their families, and Recovery Plan which was submitted to the OJK at
other parties affiliated with them are allowed to take loans the end of November 2022 and ensure that the
by following the normal price policies and conditions as Resolution Plan and updated Recovery Plan also
offered to non-related parties (arm’s length). require approval from Shareholders at the 2023
AGMS.
Loans by the Board of Commissioners will be calculated in 12. In 2023, the Board of Commissioners has approved
line with CIMB Niaga’s Legal Lending Limit in accordance the recommendations of the Nomination and
with PBI No. 8/13/PBI/2006. Remuneration Committee to be submitted to the
GMS, namely: (a) reappointment of (i) Didi Syafruddin
FOCUS OF SUPERVISION OF THE BOARD OF Yahya as President Commissioner (ii) Sri Widowati as
COMMISSIONERS IN 2023 Independent Commissioner (iii) Prof. Dr. M. Quraish
In 2023, the Board of Commissioners’ supervision focus Shihab, MA as Chairman of the Company’s Sharia
covered several important aspects, including: Supervisory Board (iv) Prof. Dr. Fathurrahman Djamil,
1. Analyze, provide feedback, and in collaboration with MA as Member of the Company’s Sharia Supervisory
the Board of Directors approve the Bank Business Board (v) Dr. Yulizar Djamaluddin Sanrego, M.Ec. as
Plan (RBB) including reviewing and approving Member of the Company’s Sharia Supervisory Board;
amandments to the RBB to be submitted to the OJK and (b) changes made in the composition of the
in accordance with the time set by the OJK. Company’s Board of Commissioners by appointing
2. Supervision of RBB implementation which is reported Farina J. Situmorang as Independent Commissioner
to OJK periodically through RBB supervision reports. of the Bank.
3. Monitor, analyze and provide feedback on the Bank’s 13. In terms of human resources, the Board of
strategic plans. Commissioners supervises the implementation of risk
4. Regularly review the Bank’s financial performance at management pertaining to outsourcing and monitor
Board of Commissioners and committee meetings, manpower policies and HR management functions
including inviting business units to present their that carry risks and have a significant impact on the
performance. Bank through the Nomination and Remuneration
5. In accordance with applicable regulations, actively Committee.
supervise risk management, including conducting a 14. Reviews financial statements, including their
self-assessment of the Bank’s health level using the presentation, accounting treatment, and compliance
Risk-Based Bank Rating (RBBR). In 2023, through the with generally accepted accounting principles,
Risk Oversight Committee, monitor risk management, through the Audit Committee. Review the adequacy
asset quality, Bank health status, and stress test of reports that are published and submitted to
results, as well as review the Bank’s required authorities, as well as the evaluating the effectiveness
risk management policies, including the Funding of the Bank’s implementation of the compliance
Contingency Plan policy, to assess the suitability of function.
risk management policies for policy implementation.
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15. The Risk Oversight Committee has been in charge of 7. Regularly discuss macroeconomic, industrial
carrying out the risk monitoring function and provides conditions, and new banking regulations, as well
recommendations to the Board of Commissioners in as the impact on the Bank’s business and follow-up
order to assist them carry out their risk management- actions.
related duties and responsibilities in an effective 8. Provide recommendations to the Board of Directors
manner. through committees at the Board of Commissioners
16. Monitors and implements Integrated Governance level as stated in the Report on the Implementation
(IG) in the CIMB Indonesia Financial Conglomeration of Duties of the Audit Committee, Risk Oversight
through the IG Committee, including evaluating IG Committee, Nomination and Remuneration Committee,
implementation by assessing the adequacy of internal and Integrated Governance Committee in the Corporate
controls and integrating the compliance function. Governance Report Chapter of this Annual Report.
17. Analyze, provide feedback and approve the 2024 9. In accordance with the Bank’s Articles of Association, the
Sustainable Financial Action Plan (RAKB) and the Board of Commissioners approves proposals for action
realization of the 2023 RAKB to be submitted to the on non-performing loan, restructuring and write-off of
OJK. loan above certain limits as determined in Bank policy.
In addition, the Board of Commissioners provides loan
RECOMMENDATION OF THE BOARD OF approval to parties related to the Bank in accordance
COMMISSIONERS with the provisions of the applicable authorities.
In 2023, important recommendations that have been
issued by the Board of Commissioners include: POLICY AND IMPLEMENTATION OF MEETING
1. Provide feedback and approve Corporate Action FREQUENCY
plans throughout 2023, including holding the Annual
GMS and distributing dividends. PROVISIONS FOR BOARD OF COMMISSIONERS
2. Provide approval for amandments to the 2023 RBB, MEETINGS AND JOINT BOARD OF COMMISSIONERS
2024 Recovery Plan, 2024 RAKB and realization of AND BOARD OF DIRECTORS MEETINGS
the 2023 RAKB and provide approval for the Bank’s 1. The Board of Commissioners must prepare a
strategic & business plans for 2024. schedule for Board of Commissioners meetings as
3. Review and provide feedback on the Bank’s Risk well as joint Board of Commissioner and Board of
Appetite Statement. Directors meetings by inviting the Board of Directors
4. Provide feedback regarding the Bank’s financial for the next financial year before the end of the
targets, including Net Interest Margin, NPL and financial year and upload it on the Bank’s website.
Watchlist Accounts, Loan to Deposit Ratio, Asset 2. Board of Commissioners meetings must be held
Quality, market productivity and competition. periodically at least once every 2 (two) months or at
5. Provide feedback on how to improve the growth of any time if deemed necessary. Meanwhile, joint Board
low-cost deposits (CASA) and the Bank’s fee-based of Commissioners and Board of Directors meetings
income through developing Bank services for ease must be held at least once every 4 (four) months.
of transactions, such as Transaction Banking, Value 3. Meetings can be held in-person or via telepresence
Chain products, and enhanced Sharia Banking technology, which allows participants to hear and see
business services with dual banking leverage, as each other.
well as developing branchless banking facilities 4. All members of the Board of Commissioners
provided by the Bank to customers to improve their must physically attend meetings of the Board of
transactional experience, Information Technology Commissioners at least twice a year. In the event
and Data governance, cyber protection and security, that a Non-Independent Commissioner is unable
reviewing the effectiveness of fraud prevention, to physically attend the Meeting, the Meeting can
detection and investigation. be attended via teleconference or telepresence
6. Provide feedback and recommendations on cost technology.
management efficiency and discipline in order 5. A proposal to hold a meeting may be made by the
to continue to reduce cost ratios and increase President Commissioner or more than 2 (two)
bank revenues, IT transformation programs, and members of the Board of Commissioners, at a meeting
productivity for both front-line and back-office of the Board of Directors, or by written request
employees, as well as granting authority in the from one or more shareholders who (collegially)
approval process, which has an impact on improving own at least 1/10 (one tenth) of the total number of
customer service. shares with valid voting rights issued by the Bank
in accordance with the Articles of Association and
applicable provisions.
6. All member of the Board of Commissioners is
required to attend at least 75% (seventy five percent)
of the Board of Commissioners’ meetings in a year.
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7. The minutes of the meeting must state the presence 17. All member of the Board of Commissioners who
of each member of the Board of Commissioners, is present has the right to cast 1 (one) vote and an
both physically and via teleconference/telepresence. additional 1 (one) vote for another member of the
Attendance at a teleconference/telepresence meeting Board of Commissioners he or she represents.
must be accompanied by audio/visual recording of 18. Members of the Board of Commissioners who are
the meeting. unable to attend the meeting must notify the reason
8. The Corporate Secretary and other parties designated for their absence to the President Commissioner.
by the Board of Commissioners may attend meetings, 19. The meeting is chaired by the President Commissioner,
as may other invited parties from the Bank’s internal in the event that the President Commissioner is
and external networks. unable to attend or is absent, which does not require
9. Invitation and materials for Board of Commissioners verification to a third party, the meeting will be
meetings must be delivered to participants 5 (five) chaired by a member of the Board of Commissioners
working days before the meeting. If a Board of who is present and selected by the Meeting.
Commissioners meeting is held outside of the 20. Minutes of meetings are prepared by the Corporate
previously planned schedule, the meeting materials Secretary or other party appointed by the Board of
are distributed to the Board of Commissioners Commissioners and are properly documented.
meeting participants no later than the meeting date. 21. If the meeting is held via teleconferencing technology,
10. The meeting invitation must be signed by the President it must be followed up by preparing minutes of the
Commissioner or other members of the Board of meeting which are signed by all members of the
Commissioners or the Corporate Secretary, including Board of Commissioners present.
the date, time, place and agenda of the meeting. 22. Minutes of meetings of the Board of Commissioners
11. A member of the Board of Commissioners may only must be signed by all members of the Board of
be represented by another member of the Board Commissioners present and submitted to all
of Commissioners at a meeting based on a special members of the Board of Commissioners.
power of attorney made for the purposes of the 23. In the event that a member of the Board of
meeting, provided that: Commissioners does not sign the minutes of the
a. The physical absence of the person concerned can meeting, the person concerned is obliged to state the
be counted in the frequency of physical presence reasons in writing in a separate letter attached to the
at the meeting; minutes of the meeting.
b. The physical absence of the person concerned does 24. If there are dissenting opinions that occur at the
not prejudice the right to vote in decision making in meeting, they must be stated clearly in the minutes
accordance with the power granted, provided that of the meeting along with the reasons for the dissent.
the voting rights are taken into consideration when 25. The Board of Commissioners may also take legal and
determining meeting quorum. binding decisions without convening a meeting as long
12. Meetings must be held in the territory of Indonesia, as every member of the Board of Commissioner signs
but if they are held outside the territory of Indonesia, the proposed resolution indicating their approval.
the meeting decisions are considered valid if attended Decisions made in this manner are just as legally
by all members of the Board of Commissioners or binding as those made at a Board of Commissioners
their representatives based on a special power of meeting.
attorney. 26. In the event that the minutes of the meeting are
13. A meeting is valid and has the right to make binding prepared bilingually and there are differences in
decisions if it is attended/represented by at least 2/3 interpretation, the Indonesian version shall apply.
(two thirds) of the total number of members of the 27. Minutes of meetings are valid evidence for members
Board of Commissioners. of the Board of Commissioners and third parties
14. Meeting decisions are taken based on deliberation regarding the decisions taken at the meeting.
to reach consensus. In the event that a decision
based on deliberation to reach consensus is not In 2023, meetings of the Board of Commissioners and joint
reached, the decision is taken by voting based on Board of Commissioners and Board of Directors meetings
the affirmative votes of more than 2/3 (two thirds) were held physically, virtually, and hybrid (physical and
of the total members of the Board of Commissioners virtual), in accordance with the Bank’s new way of working,
present. HyWork (Hybrid Working, Happy Working), which has been
15. Voting is generally carried out orally, but under certain implemented since 2021.
conditions and according to mutual agreement voting
can be carried out by means of a closed letter. The schedule for the Board of Commissioners meetings
16. Members of the Board of Commissioners who are and joint Board of Commissioners and Board of Directors
present at a meeting, but who are not in the meeting meetings throughout 2023 has been prepared and
room at the time of decision making for some reason, uploaded to the Bank’s website at the end of 2022.
will have their voting rights considered blank.
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AGENDA FOR THE BOARD OF COMMISSIONERS MEETING IN 2023
The discussion on the permanent agenda at the annual Board of Commissioners meeting is as follows:
1. Confirmation to obtain approval for the Minutes of the previous Board of Commissioners Meeting;
2. Follow-up report from the Minutes of the Board of Commissioners Meeting and discussion of unresolved issues
from the previous Board of Commissioners Meeting;
3. Summary of approval of the previous month’s loan proposal;
4. Financial Performance Report; and
5. Reports from Committees at the Board of Commissioners level, namely the Audit Committee, Risk Oversight
Committee, Nomination and Remuneration Committee, and Integrated Governance Committee.
The Board of Commissioners meeting also discussed other agendas in addition to the permanent agenda mentioned
above, including the following:
No Date Agenda Participants
1 28 February 2023 1. Dividend Payment FY 2022 Performance 1. Didi Syafruddin Yahya
2. Free Float Requirements Fulfillment Plan and Treasury 2. Glenn M. S. Yusuf
Stock Sale 3. Jeffrey Kairupan
3. 4Q 2022 Sustainability Update 4. Dato’ Abdul Rahman Ahmad
4. Update on Octomobile Upgrade 5. Vera Handajani
2 31 March 2023 Benchmarking Update 4Q 2022 1. Didi Syafruddin Yahya
2. Glenn M. S. Yusuf
3. Jeffrey Kairupan
4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Vera Handajani
3 31 May 2023 1. Financial Performance Highlights as of April 2023 1. Didi Syafruddin Yahya
including LAR Comparison Update 2. Glenn M. S. Yusuf
2. Draft Revition of Bank Business Plan 2023 3. Jeffrey Kairupan
3. Update on Free Float Fulfillment Plan 4. Sri Widowati
4. Cyber Resilience Update 5. Dato’ Abdul Rahman Ahmad
6. Vera Handajani
7. Farina J. Situmorang*)
4 6 July 2023 1. Escalated Critical Operational Risk Event - Failure of 1. Didi Syafruddin Yahya
Liveness Check for Online Credit Card Application 2. Glenn M. S. Yusuf
2. Anzu Project Update 3. Jeffrey Kairupan
4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Vera Handajani
7. Farina J. Situmorang*)
5 30 August 2023 1. EGM Update 1. Didi Syafruddin Yahya
2. Update on Next Generation BizChannel (NGB) 2. Glenn M. S. Yusuf
3. Project Arjuna Update 3. Jeffrey Kairupan
4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Farina J. Situmorang*)
6 29 September 2023 1. 2Q 2023 Benchmarking Update 1. Didi Syafruddin Yahya
2. Update on Treasury Stock Sale & Non-Pre-emptive 2. Glenn M. S. Yusuf
Rights (NPR) 3. Jeffrey Kairupan
3. CNS Business Update 4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Vera Handajani
7. Farina J. Situmorang*)
7 30 November 2023 1. 3Q 2023 Benchmarking Financial Performance 1. Didi Syafruddin Yahya
2. Fireman Project Update 2. Glenn M. S. Yusuf
3. Cyber Security and IT (Threat Prevention and Recovery) 3. Jeffrey Kairupan
Update 4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Vera Handajani
7. Farina J. Situmorang*)
8 14 December 2023 1. CNS Strategy and Business Update 1. Didi Syafruddin Yahya
2. EGMS 2023 and AGMS 2024 Update 2. Glenn M. S. Yusuf
3. Jeffrey Kairupan
4. Sri Widowati
5. Dato’ Abdul Rahman Ahmad
6. Farina J. Situmorang*)
*)
Appointed as Independent Commissioner at the AGMS 10 April 2023 and effective as of 25 January 2024 – Attendance at meetings held prior to 25 January 2024 is an
invitation to the meeting and is not counted as attendance at the meeting.
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AGENDA FOR JOINT MEETINGS OF BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS IN 2023
No Date Commissioners in Attendance Directors in Attendance Agenda
1 27 January 2023 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. H2 2022 Bank Business Plan (RBB)
2. Glenn M. S. Yusuf 2. Lee Kai Kwong Realization and Supervisory Report
3. Jeffrey Kairupan 3. John Simon 2. 2022 Key Risk Theme
4. Sri Widowati 4. Fransiska Oei
5. Dato’ Abdul Rahman Ahmad 5. Tjioe Mei Tjuen
6. Vera Handajani 6. Rusly Johannes
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
2 8 May 2023 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. 1Q2023 Benchmarking Update
2. Glenn M. S. Yusuf 2. Lee Kai Kwong 2. Corporate Banking Update
3. Jeffrey Kairupan 3. John Simon
4. Sri Widowati 4. Pandji Djajanegara
5. Dato’ Abdul Rahman Ahmad 5. Fransiska Oei
6. Vera Handajani 6. Tjioe Mei Tjuen
7. Farina J. Situmorang*) 7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
3 25 July 2023 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. H1 2023 RBB Realization & Supervisory
2. Glenn M. S. Yusuf 2. Lee Kai Kwong Report
3. Jeffrey Kairupan 3. John Simon 2. Free Float Fulfillment Plan
4. Sri Widowati 4. Fransiska Oei 3. Update on Sustainable CASA Towards
5. Dato’ Abdul Rahman Ahmad 5. Tjioe Mei Tjuen 10mn Customers through Partnership
6. Vera Handajani 6. Rusly Johannes 4. Sustainability Update
7. Farina J. Situmorang*) 7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
4 26 October 2023 1. Didi Syafruddin Yahya 1. Lani Darmawan 1. 2024 Bank Business Plan (for
2. Glenn M. S. Yusuf 2. Lee Kai Kwong discussion)
3. Jeffrey Kairupan 3. John Simon 2. Project Neo Update
4. Sri Widowati 4. Pandji Djajanegara 3. Recovery Plan Update 2024
5. Dato’ Abdul Rahman Ahmad 5. Fransiska Oei 4. 2023 Sustainability Financial Action
6. Vera Handajani 6. Tjioe Mei Tjuen Plan (RAKB) Realization & 2024 RAKB
7. Farina J. Situmorang*) 7. Rusly Johannes
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
5 8 November 2023 1. Didi Syafruddin Yahya 1. Lani Darmawan Project Neo
2. Glenn M. S. Yusuf 2. Lee Kai Kwong
3. Jeffrey Kairupan 3. John Simon
4. Ibu Sri Widowati 4. Fransiska Oei
5. Dato’ Abdul Rahman Ahmad 5. Tjioe Mei Tjuen
6. Vera Handajani 6. Rusly Johannes
7. Farina J. Situmorang*) 7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
*)
Appointed as Independent Commissioner at the AGMS 10 April 2023 and effective as of 25 January 2024 – Attendance at meetings held prior to 25 January 2024 is an
invitation to the meeting and is not counted as attendance at the meeting.
MEETING FREQUENCY AND ATTENDANCE OF THE BOARD OF COMMISSIONERS IN 2023
Joint Meetings of Board of
Board of Commissioners Meetings Commisoners and Board of AGMS
Directors
No Name
Average Average Average
Attendance Attendance Attendance Attendance Attendance Attendance
Attendance Attendance Attendance
Frequency Rate Frequency Rate Frequency Rate
Rate Rate Rate
1 Didi 8/8 100% 5/5 100% 3/3 100%
Syafruddin
Yahya
2 Glenn M. S. 8/8 100% 5/5 100% 3/3 100%
Yusuf
3 Jeffrey 8/8 100% 5/5 100% 3/3 100%
Kairupan 94% 100% 100%
4 Sri Widowati 7/8 88% 5/5 100% 3/3 100%
5 Dato’ Abdul 8/8 100% 5/5 100% 3/3 100%
Rahman
Ahmad
6 Vera 6/8 75% 5/5 100% 3/3 100%
Handajani
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BOARD OF COMMISSIONERS COMPETENCY 8. Bank’s Annual Report.
DEVELOPMENT PROGRAM 9. Bank’s Business Plan.
The Board of Commissioners competency development
program is held, among other things, to assist the Board CIMB Niaga has also integrated induction program materials
of Commissioners in carrying out its duties of supervising into the Bank’s digital learning (e-Learning) platform,
the Bank’s effective management by the Board of specifically the Learning on the Go (LoG) application, which
Directors. CIMB Niaga facilitates the development of prospective Commissioners can access from anywhere at
member competencies for the Board of Commissioners any time. This application aims to improve the quality and
through training programs that are aligned with the effectiveness of the induction program.
evolving industry and governance.
PERFORMANCE ASSESSMENT OF COMMITTEES
TRAINING AND COMPETENCY DEVELOPMENT AT THE BOARD OF COMMISSIONERS LEVEL
PROGRAM
As a manifestation of the Bank’s commitment to assisting PERFORMANCE ASSESSMENT POLICY AND
the Board of Commissioners in carrying out its supervisory PROCEDURE FOR COMMITTEES AT THE
function, the Bank facilitates competency development BOARD OF COMMISSIONERS LEVEL
for the Board of Commissioners through training Performance assessments of each Committee at the
programs for members of the Board of Commissioners. Board of Commissioners level are conducted annually (at
This commitment is evident in the training received by least once a year), which include:
each member of the Board of Commissioners, which is 1. Collegial performance assessment of Committees
detailed in the Company Profile Chapter of this Annual at the Board of Commissioners level;
Report. 2. Individual performance assessment of each
member of Committees at the Board of
RISK MANAGEMENT CERTIFICATION Commissioners level; and
As of 31 December 2023, all serving members of the 3. Performance assessment of the Chairman of
Board of Commissioners have Risk Management Committees at the Board of Commissioners level.
Certification and/or have completed the Risk
Management Refreshment program, as stated in the Every 3 years, the performance assessment will be
Company Profile Chapter of this Annual Report. The Risk conducted by third party.
Management Certification and/or Refreshment program
for the Board of Commissioners is in accordance with In 2023, CIMB Niaga independently assessed the
OJK Regulation No. 24 of 2022 on the Development of the performance of Committees at the Board of Commissioners
Quality of Human Resources for Commercial Banks and level using a survey method given to each member of the
OJK Circular No. 28/SEOJK.03/2022 on Risk Management Committees at the Board of Commissioners level. The
Certification for Commercial Bank Human Resources. result of this performance assessment would provide
input for improving the committees’ performance at the
INDUCTION PROGRAM FOR NEW COMMISSIONERS Board of Commissioners level in the future.
The Induction Program for new members of the Board
of Commissioners is held with the goals of providing a PERFORMANCE ASSESSMENT CRITERIA OF COMMITTEES
comprehensive overview of the Bank’s business activities, AT THE BOARD OF COMMISSIONERS LEVEL
future plans, work guidelines and other matters under The performance assessment criteria of Committees at
the responsibility of the Board of Commissioners. the Board of Commissioners level include:
1. Collegial Performance Assessment of Committees
With this induction program, new members of the Board at the Board of Commissioners level
of Commissioners are expected to work in harmony with a. Structure and Composition of the Committees
other Bank governance organs. CIMB Niaga organizes b. Effectiveness of Committee Meetings
this induction program through documents prepared by c. Effectiveness of Duty Implementation of the
the Corporate Affairs work unit, which include: Committee
1. Bank’s Vision and Mission. 2. Individual Performance Assessment of Each Member
2. Bank;s Employee Code of Ethics & Code of Conduct. of Committees at the Board of Commissioners level
3. Bank’s Organizational Structure. a. Competency and Capability of Committee Members
4. Bank’s Articles of Association. b. Effectiveness of Duty Implementation of the
5. Corporate Policy Manual. Committee
6. Charter of the Board of Commissioners and 3. Performance assessment of the Chairman of
Committees of the Board of Commissioners level. Committees at the Board of Commissioners level.
7. Applicable regulations related to Banking and a. Effectiveness in Implementing Duties and
Capital Markets. Responsibilities
b. Leadership within the Committees
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PARTIES CONDUCTING PERFORMANCE ASSESSMENT OF THE BOARD OF COMMISSIONERS’ COMMITTEES
The parties that conducted the performance assessment of the Committees at the Board of Commissioners level are
as follows:
No. Performance Assessment Assessment Conducted by
1 The Committees Collegially Each Committee member on the Committee’s performance
2 Committee Member Individually Each Committee member provides an assessment of other members
3 Committee Chairman Each Committee member regarding performance of the respective Committee
Chairman
All responses provided by the parties mentioned above were submitted directly through an online survey. The
performance assessment results are confidential and anonymous and are submitted to the Nomination and
Remuneration Committee. The Nomination and Remuneration Committee then submits and discusses all the
performance assessment results at the Board of Commissioners meeting. The discussion results are followed up in the
form of improvements or action plans (if deemed necessary).
PERFORMANCE ASSESSMENT RESULT FOR COMMITTEES AT THE BOARD OF COMMISSIONERS LEVEL IN 2023
The collegial performance assessment of the Committees is as follows:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
4.75 (Exceptional) 4.71 (Exceptional) 4.86 (Exceptional) 4.57 (Outstanding)
Meanwhile, the average assessment result for individual Committee member is as follows:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
4.70 (Exceptional) 4.84 (Exceptional) 4.81 (Exceptional) 4.25 (Outstanding)
And for the performance assessment result for the Committee Chair at the Board of Commissioners level:
Audit Committee Risk Oversight Committee Nomination and Remuneration Committee Integrated Governance Committee
4.89 (Exceptional) 4.91 (Exceptional) 5.00 (Exceptional) 4.37 (Outstanding)
Range Table:
Range Description
≥ 4.7 Exceptional
4.0-4.6 Outstanding
3.7-3.9 Exceed Expectation
3.0-3.6 Meet Expectation
< 3.0 Need Improvement
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Independent Commissioner
Independent Commissioners are members of the Board members of the Board of Commissioners, or more
of Commissioners who have no financial, management, than 50% (fifty percent), of which 1 (one) Independent
share ownership, or family relationships with other Commissioner as of 31 December 2023 is still in the Fit
members of the Board of Commissioners, members of and Proper Test process and has been declared effective
the Board of Directors, and/or controlling shareholders in office on 25 January 2024, while 3 (three) others have
or with the company that would prevent or impede their passed the Fit and Proper Test and obtained OJK approval
ability to act independently in accordance with the GCG as Independent Commissioners and were appointed
principles. Independent Commissioners are responsible based on GMS approval.
for supervising and representing the interests of minority
shareholders. The Bank’s Independent Commissioners The number of CIMB Niaga Independent Commissioners
has met the requirements outlined in OJK Circular Letter complies with POJK No. 17 of 2023 on the Implementation
No. 13/SEOJK.03/2017 concerning the Implementation of of Governance for Commercial Banks, which states that
Governance for Commercial Banks, as well as POJK No. 17 Independent Commissioners must make up at least 50%
of 2023 concerning the Implementation of Governance (fifty percent) of the total number of members of the
for Commercial Banks and which has been effective 14 Board of Commissioners. The number of Independent
September 2023. Commissioners at CIMB Niaga has also met the
ASEAN Corporate Governance Scorecard’s minimum
NUMBER AND COMPOSITION OF requirement of 50% (fifty percent) of the total number of
INDEPENDENT COMMISSIONERS Board of Commissioners members.
In 2023, CIMB Niaga’s Independent Commissioners
totaled 4 (four) members out of a total of 7 (seven)
The Bank’s Independent Commissioners are:
Name Term of Office
Glenn M. S. Yusuf Appointed as Vice President Commissioner (Independent) based on the AGMS Resolution on 9 April 2020 and
effective 16 September 2020.
Jeffrey Kairupan Appointed as Independent Commissioner based on the AGMS Resolution 15 April 2016 and effective on
14 September 2016. The latest reappointment was based on the AGMS Resolution 9 April 2020.
Sri Widowati Appointed as Independent Commissioner based on the AGMS Resolution 15 April 2019 and effective
20 November 2019
Farina J. Situmorang Appointed as Independent Commissioner based on the AGMS Resolution on 10 April 2023 and effective
25 January 2024.
INDEPENDENT COMMISSIONER CRITERIA
The Board of Commissioners Charter, as well as the Policies and Procedures for Selection, Appointment, Replacement,
and/or Dismissal of Members of the Board of Commissioners, Members of the Board of Directors, and Independent
Parties as Committee Members who report to the Board of Commissioners, govern the criteria for CIMB Niaga
Independent Commissioners. These criteria are prepared in accordance with applicable regulations, including:
1. Not an individual who had been employed or had authority and responsibility to plan, lead, control, or supervise
Bank activities, including former members of the Bank’s Board of Directors or Executive Officers, or parties who
have a relationship with the Bank that may impair their ability to act independently within the last 1 (one) year,
except for reappointment as the Bank’s Independent Commissioner in the following period. The provisions listed
above do not apply to former members of the Board of Directors or Executive Officers who perform supervisory
duties.
2. Has no financial relationship, management relationship, shareholding relationship, family relationship up to second
degree with other members of the Board of Commissioners, Board of Directors, or Controlling Shareholders of the
Bank.
3. Has no direct or indirect shareholding in the Bank.
4. Has no affiliation with the Bank, other members of the Board of Commissioners, members of the Board of Directors,
or the Controlling Shareholders of the Bank.
5. Is not associated with any business, either directly or indirectly, that is involved with the business activities of the
Bank
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6. Comply with the Independent Commissioner’s other requirements as specified in applicable regulations.
7. The term of office for the Independent Commissioner is 2 (two) consecutive terms, or a maximum of 9 (nine) years.
8. In the event that an Independent Commissioner serves on the Audit Committee, he or she may only be reappointed
for 1 (one) additional term on the Audit Committee.
9. An Independent Commissioner who serves as Chairman of a Committee may hold concurrent positions as Chairman
of a Committee on no more than 1 (one) other Committee.
INDEPENDENCE STATEMENT OF THE RESPECTIVE INDEPENDENT COMMISSIONER
In accordance with the provisions of Article 25 paragraph (1) of POJK No. 33/POJK.04/2014 concerning the Board of
Directors and the Boards of Commissioners of Issuers or Public Companies, the respective Independent Commissioner’s
statement of independence is as follows:
FULFILLMENT OF INDEPENDENCE ASPECTS
Glenn M. S. Jeffrey Sri Farina J.
Independent Commissioner Criteria
Yusuf Kairupan Widowati Situmorang
Not an individual who had been employed or had the authority and √ √ √ √
responsibility for planning, leading, controlling, or supervising Bank
activities within the last 6 (six) months.
Has no directly or indirectly shareholding in the Bank. √ √ √ √
Has no affiliation with the Bank, other members of the Board of √ √ √ √
Commissioners, members of the Board of Directors or Controlling
Shareholders of the Bank.
Has no financial relationship, management relationship, shareholding √ √ √ √
relationship, family relationship up to second degree with other members
of the Board of Commissioners, Board of Directors and/or Controlling
Shareholders of the Bank.
Is not associated with any business, either directly or indirectly, that is √ √ √ √
involved with the business activities of the Bank.
Board of Directors
The Board of Directors is the organ of Bank Governance 4. Deed of Statement of Resolution of the Bank’s Annual
that is fully responsible in a collegial manner for the General Meeting of Shareholders No. 69, dated 26
management of the Bank for its interests and objectives, August 2022, which was notified to the Indonesian
and represents the Bank both inside and outside the Ministry of Law and Human Rights via Letter of
court in accordance with the provisions of the Bank’s Acceptance of Notification of Changes to Company
Articles of Association. Each member of the Board of Data No. AHU-AH.01.09-0048714, dated 29 August
Directors performs their duties in accordance with their 2022.
assigned responsibilities and authority, with the goal
of increasing management effectiveness and achieving CHARTER OF THE BOARD OF DIRECTORS
maximum results. The CIMB Niaga Board of Directors maintains a
professional, objective, and strategic mindset at all times,
LEGAL BASIS prioritizing the Bank’s interests in order to increase added
Legal basis for the establishment and appointment of value for stakeholders and ensure business sustainability.
CIMB Niaga’s Board of Director refer to several provisions, The Board of Directors’ duties and responsibilities
including: are guided by the Board of Directors Charter, which is
1. Laws of the Republic of Indonesia on Limited Liability evaluated and updated on a regular basis in accordance
Companies (the Company Law) and Banking. with Indonesian rules and regulations. This Charter binds
2. The Bank’s Articles of Association. every member of the Board of Directors, allowing them to
3. OJK Regulations, Bank Indonesia (BI) Regulations, carry out their supervisory function efficiently, effectively,
OJK Circular Letters and BI Circular Letters on transparently, independently, and accountable. The
the Implementation and Organs of Corporate Board of Directors’ Charter was updated on 6 June 2023,
Governance. and uploaded to the Bank’s website (www.cimbniaga.
co.id).
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The Board of Director Charter is prepared on the fulfilled the applicable provisions as regulated by the
following basis: Board of Directors Charter, namely:
1. Law No. 40 of the Republic of Indonesia on Limited 1. The CIMB Niaga Board of Directors has 10 (ten)
Liability Companies. members, including 1 (one) President Director, 1 (one)
2. OJK Regulation and Circular Letter on the Director who also serves as Compliance Director, and
Implementation and Organs of Corporate Governance. 8 (eight) other Directors.
3. The Bank’s Articles of Association. 2. The number of members on the CIMB Niaga Board
4. General Guidelines of GCG in Indonesia issued by the of Directors exceeds that of the CIMB Niaga Board of
National Committee on Governance Policy (KNKG). Commissioners.
5. ASEAN Corporate Governance Scorecard. 3. All members of the CIMB Niaga Board of Directors
domiciled in Jakarta, Indonesia.
The contents of Board of Director Charter regulate 4. The majority of the Board of Directors are Indonesian
various matters, including: citizens, accounting for 9 (nine) of the 10 (ten)
1. Accountability; members.
2. Structure and Membership; 5. A President Director leads the Board of Directors,
3. Criteria and Appointment; who is independent of the Controlling Shareholders,
4. Duties, Responsibilities, and Authority; other Board of Directors, and CIMB Niaga Board of
5. Conflicts of Interest; Commissioners members.
6. Transparency; 6. The majority of members of the Board of Directors
7. Work Ethics and Hours; must have at least 5 (five) years of experience in the
8. Meetings; field of banking operations (including but not limited
9. Term of Office; to loan, funding, treasury, risk management, finance,
10. Resignation; and and so on) and do not hold a concurrent position at
11. Performance Assessment and Accountability. another bank, company, or institution.
7. The replacement and/or appointment of members
STRUCTURE, NUMBER, AND COMPOSITION OF of the CIMB Niaga Board of Directors considered
THE BOARD OF DIRECTORS MEMBER IN 2023 the recommendations of the Nomination and
The number of members of the CIMB Niaga Board of Remuneration Committee and received approval
Directors is determined by the need to achieve the aims from the GMS and OJK.
and objectives and is adjusted to the Bank’s conditions, 8. No member of the CIMB Niaga Board of Directors
which include the Bank’s characteristics, capacity, and has a second-degree family relationship with
size, as well as the diversity of the Board of Directors’ another member of the Board of Directors, Board of
composition. The structure, number, and composition Commissioners, or Controlling Shareholders.
of members of the Board of Directors have also been 9. Every member of the CIMB Niaga Board of Directors
adjusted to achieve effective decision making, and have has passed the Fit and Proper Test.
COMPOSITION OF THE BOARD OF DIRECTORS IN 2023
No. Name Position Term of Office
1 Lani Darmawan President Director 2021-2025
2 John Simon Treasury & Capital Market Director 2022-2025
3 Fransiska Oei Compliance, Corportae Affairs & Legal Director 2020-2024
4 Pandji P. Djajanegara Sharia Banking Director 2020-2024
5 Lee Kai Kwong Strategy, Finance & SPAM Director 2022-2025
6 Tjioe Mei Tjuen Operations & Information Technology Director 2020-2024
7 Rusly Johannes Business Banking Director 2021-2025
8 Joni Raini Human Resource Director 2021-2025
9 Henky Sulistyo Risk Management Director 2021-2025
10 Noviady Wahyudi Consumer Banking Director 2022-2025
TERM OF OFFICE OF THE BOARD OF DIRECTORS
1. A member of the Board of Directors’ term of office runs from the date determined by the GMS that appointed him/
her until the close of the 3rd (third) Annual GMS following the date of his/her appointment, subject to the GMS’s right
to dismiss him/her at any time in accordance with the Articles of Association and applicable provisions. The term of
office was changed to 3 (three) years at the 2022 AGMS.
2. In the event that a member of the Board of Directors’ position becomes vacant, reducing the number of members
to less than 3 (three) peoples, the Bank must hold a GMS within 60 (sixty) calendar days to fill the vacancies.
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3. The Board of Commissioners may temporarily 6. Members of the Board of Directors who have
dismiss Board of Directors members by stating the completed their terms of office may be reappointed
reasons for the dismissal. in accordance with the applicable provisions.
4. The temporary suspension must be communicated
in writing to the appropriate member of the Board FIT AND PROPER TEST
of Directors and followed up on in accordance with In accordance with OJK Regulation No. 27/POJK.03/2016
applicable regulations. on the Fit and Proper Test for Main Parties of Financial
5. A member of the Board of Directors’ term ends when: Services Institutions, every prospective member of the
a. The term of office ends in accordance with the Board of Directors must obtain approval from the OJK
proviosions of the Articles of Association; before carrying out their actions, duties, and functions
b. Resign in accordance with the applicable as a member of the Board of Directors. The member
provisions; of the Board of Directors who passed the fit and proper
c. No longer fulfills statutory requirements; test without records and were approved by the OJK,
d. Passed away; and demonstrate adequate integrity, competence, and
e. Dismissed due to GMS decision. financial reputation, as shown in the table below.
Basis of
No Name Position Regulator BI/OJK Approval Effective Date Reappointment
Appointment
1 Lani President OJK EGMS No. SR-45/PB.12/2022 9 March 2022 -
Darmawan Director 17 December 2021 dated 9 March 2022
2 John Simon Treasury & OJK AGMS No. SR-143/D.03/2014, 29 August 2014 AGMS
Capital Market 27 March 2014 dated 29 August 2014 24 April 2018 and
Director AGMS
8 April 2022
3 Fransiska Compliance, OJK AGMS No. SR-138/D.03/2016, 27 July 2016 AGMS
Oei Corporate 15 April 2016 dated 27 July 2016 9 April 2020
Affairs & Legal
Director
4 Pandji P. Sharia Banking OJK AGMS No. SR-27/PB.13/2016, 28 September AGMS
Djajanegara Director 15 April 2016 dated 4 October 2016 2016 9 April 2020
5 Lee Kai Strategy, OJK EGMS No. SR-98/PB.12/2019 24 April 2019 AGMS
Kwong Finance 19 December 2018 dated 24 April 2019 8 April 2022
& SPAPM
Director
6 Tjioe Mei Operations & OJK AGMS No. SR-358/PB.12/2020 3 November -
Tjuen Information 9 April 2020 dated 3 November 2020
Technology 2020
Director
7 Rusly Business OJK EGMS No. SR-75/PB.12/2022, 22 April 2022 -
Johannes Banking 17 December 2021 dated 22 April 2022
Director
8 Joni Raini Human OJK EGMS No. SR-45/PB.12/2022, 9 March 2022 -
Resource 17 December 2021 dated 9 March 2022
Director
9 Henky Risk OJK EGMS No. SR-45/PB.12/2022 9 March 2022 -
Sulistyo Management 17 December 2021 dated 9 Mach 2022
Director
10 Noviady Consumer OJK AGMS No. SR-179/PB.12/2022 16 August 2022 -
Wahyudi Banking 8 April 2022 dated 16 August 2022
Director
DUTIES, RESPONSIBILITIES, AND AUTHORITY OF THE BOARD OF DIRECTORS
The Board of Directors has collegial duties, responsibilities, and authority in carrying out management of the Bank for
the Bank’s interests, as well as to achieve the Bank’s goals and objectives as stated in the Articles of Association and
applicable laws and regulations. The Board of Directors is required to incorporate GCG principles into all bank business
activities at all levels of the organization. The Board of Directors’ duties, responsibilities, and authorities are detailed in
the Bank’s Articles of Association and Board of Directors’ Charter, which can be found on the CIMB Niaga website.
The main duties of the Board of Directors include, but are not limited to: (i) leading and managing the Bank in accordance
with the Bank’s objectives, including leading the management team in the process of preparing and evaluating the
Bank’s strategy at least annually, (ii) controlling, maintaining, and managing the Bank’s assets for the Bank’s interests,
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(iii) creating the Bank’s internal control structure at every b. Manage the bank’s financial performance,
level of management and following up on internal audits. capital, and strategic investments to maximize
The Board of Directors’ authority includes, among other profitability, productivity, and total shareholder
things, representing the Bank internally and externally, return.
binding the Bank with other parties, and carrying out all c. Develop and handle management and accounting
management and ownership actions subject to certain information systems, as well as bank performance,
limitations outlined in the Bank’s Articles of Association. which will be reported to regulators and shared
with stakeholders.
THE SCOPE OF WORK AND d. Oversee and plan effective financial management,
RESPONSIBILITIES OF EACH MEMBER and ensure that accounting practices comply with
OF THE BOARD OF DIRECTORS applicable regulations and standards.
All members of the Board of Directors unanimously e. Ensure that Strategic Procurement & Admin
decide on the distribution of each member’s main Property Management (SPAPM) activities run
duties and authorities in accordance with the Circular smoothly, supporting Bank operations effiiciently
Resolution of the Bank’s Board of Directors concerning and effectively.
the Distribution of Duties and Authorities of the Board of
Directors, as follows: 3. JOHN SIMON – TREASURE & CAPITAL MARKETS
DIRECTOR
1. LANI DARMAWAN – PRESIDENT DIRECTOR a. Provide direction, guidance, and strategies for all
a. Responsible for the Bank’s overall direction, Treasury and Capital Market activities, such as
strategy, and management, ensuring that all trading, market making, and short-term liquidity
aspects of the Bank’s strategy, activities, programs, management, in order to meet growth targets,
services, and governance are carried out in achieve profitability, and maintain a competitive
the best interests of shareholders, customers, market position.
employees, and the community. b. Provide direction, guidance, and strategies for
b. Provide guidance and direction in relation to implementing ALCO functions in collaboration
the policies of operational support and banking with other ALCO members, such as managing
services, information technology, systems and liquidity, funding, FTP, Bank assets, and liabilities,
procedures, legal aspects, financial, and human in order to meet the Bank’s growth and profitability
resources. targets.
c. Ensure that compliance functions are c. Maintain positive relationships with financial
implemented in all banking operations, as well as institutions, customers, the community, and
the Bank’s risk management policies, so that the the government to ensure the Bank’s image,
Bank maintains high ethical standards and follows anticipatory identification, and timely response to
the principles of good corporate governance and maximize market opportunities.
prudent banking practices.
d. Providing strategic direction in the field of human 4. FRANSISKA OEI – COMPLIANCE, CORPORATE
resource management and development to AFFAIRS & LEGAL DIRECTOR
increase the productivity and quality of the Bank’s a. Develop a compliance strategy that addresses
human resources in support of the Bank’s work issues related to compliance policies and
targets, while also ensuring and maintaining principles.
compliance with applicable labor regulations and b. Ensure that all internal regulations of the Bank
the Bank’s culture. (policies, systems, and procedures) are consistent
with relevant external rules and regulations (Bank
2. LEE KAI KWONG – STRATEGY, FINANCE & SPAPM Indonesia, OJK, and other institutions/authorities),
DIRECTOR including Capital Market regulations.
a. Provide strategic direction, guidance, and c. Responsible for managing the Bank’s legal risks.
strategies for the overall implementation of d. Providing the public with any information they
financial activities, particularly in monitoring and require, particularly about the Bank’s status
evaluating the performance of the Bank and as a public company, including maintaining its
its subsidiaries, such as budgets and financial reputation and acting as a liaison or contact
management, in accordance with the Bank’s person between the Bank, regulators, and the
vision and mission. general public.
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e. Responsible for the Bank’s Corporate d. Reviewing loan proposals and maintaining loan
Social Responsibility activities as well as the portfolio quality as a member of loan-related
implementation of sustainability and sustainable committees, as well as ensuring that all business
finance. activities are in accordance with applicable
regulations, policies, and procedures.
5. PANDJI P. DJAJANEGARA – SHARIA BANKING e. Encourage the Bank’s climate change risk
DIRECTOR management strategy, ensure strong Board of
a. Providing innovative strategic direction for the Directors oversight, foster understanding of
implementation of Sharia banking operations. existing risks, and effectively integrate them into
b. Ensure the availability of work policies and internal controls to maintain the Bank’s resilience
procedures, development, marketing, and to the effects of climate change in accordance with
product sales, as well as managing Sharia Banking existing laws and regulations. Climate Risk Stress
functions such as daily operations, business Testing (CRST) provisions that are applicable, both
development and customer relationships, and internal and group-wide.
system and work process management.
c. Ensure that profits and business growth 8. JONI RAINI – HUMAN RESOURCES DIRECTOR
achievement align with the Bank’s objectives and a. Provide strategic direction for human resource
Sharia Banking principles. management and development in accordance
with the Bank’s vision, mission, and strategy,
6. TJIOE MEI TJUEN – OPERATIONS AND while ensuring compliance with applicable labor
INFORMATION TECHNOLOGY DIRECTOR regulations.
a. Determine the Bank’s long-term operational and b. Carrying out workforce planning and
IT strategy. organizational management, as well as controlling
b. Directing the Directorate of Operations and the HR expenditure budget per directorate in
Information Technology to improve the accordance with the approved budget, to achieve
effectiveness and efficiency of managing banking maximum HR productivity.
operational transactions while maintaining high c. Plan, develop, and implement policies,
standards of reliability. management strategies, and human resource
c. Ensure that users communicate effectively development, such as recruitment, performance
regarding operational processes and information management, organizational development,
technology as needed. training and development, organizational culture,
d. Ensure that strategies and information talent management and succession planning,
technology infrastructure and security systems remuneration systems, HR information and
are implemented in operational activities, reporting systems, operational risk management,
transactions, data information, and digital personnel policies and SOPs, and other personnel
channels in all business units to ensure smooth services.
operations and minimize Bank risks.
9. RUSLY JOHANNES – BUSINESS BANKING DIRECTOR
7. HENKY SULISTYO – RISK MANAGEMENT DIRECTOR a. Determine business strategies and offer strategic
a. Provide strategic direction, guidelines, and risk direction and guidance for all Business Banking
management policies in accordance with the segments, products, and services, such as Financial
most recent business developments, prudential Institutions/Non-Bank Financial Institutions,
principles, and the Bank’s risk characteristics so Corporate, Commercial, and Emerging Business
that risks can be identified, monitored, controlled, Banking (EBB).
and managed appropriately and efficiently in a b. Accountable for meeting funding and loan targets,
comprehensive manner. as well as increasing cross-selling within these
b. Oversee all aspects of the Bank’s second segments and with branches.
line of defense in loan risk management, as c. Determine competitive product direction,
well as the effective implementation of the service development, and operational support
Bank’s comprehensive loant risk management in response to banking industry demands and
framework. technological advancements.
c. Plan, develop, manage, and direct the
comprehensive implementation of processes
and strategies, policies, loan administration,
frameworks, and loan management
methodologies to ensure that loan risks taken fall
within the Bank’s Risk Appetite.
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10. NOVIADY WAHYUDI – CONSUMER BANKING CONCURRENT POSITION OF
DIRECTOR THE BOARD OF DIRECTORS
a. Develop strategies and provide guidance in the All members of the CIMB Niaga Board of Directors hold
areas of service and sales of Consumer Banking no concurrent positions other than those authorized by
products in all Indonesian branches. applicable regulations. Members of the Board of Directors
b. Maximising market potential by developing are not permitted to serve concurrently on the Boards of
competitive and innovative Consumer Banking Commissioners, Board of Directors, or Executive Officers
products in order to meet the Bank’s profit of banks, companies, and/or other institutions, except in
targets, while ensuring prudent aspects, overall cases permitted by OJK Regulation No. 17 of 2023 on the
implementation of all aspects of the Bank’s risk Implementation of Governance for Commercial Banks.
management policies, and efficient and effective
banking business processes. Members of the Board of Directors who are responsible
c. Ensure that the Bank’s network expansion and for the supervision of the Bank’s subsidiaries perform
innovation strategy is implemented and executed functional duties as members of the Board of
in the development of digital channels and Commissioners in non-bank subsidiary companies
branches, in order to stay current with market controlled by the Bank; however, if the concurrent
developments, technological demands, customer position does not result in the person neglecting the
needs, and achieve a good market share in a implementation of their duties and responsibilities as a
competitive market. member of the Board of Directors, this is not considered
a concurrent position.
INDEPENDENCE OF
THE BOARD OF DIRECTORS Information on concurrent positions of each Board of
The CIMB Niaga Board of Directors is committed Directors members at the Bank’s subsidiaries in 2023 can
to upholding and implementing the principle be viewed in the Company Profile Chapter of this Annual
of independence in carrying out its duties and Report.
responsibilities, prioritizing the Bank’s interests over its
own. The Bank’s Board of Directors always work and CONFLICT OF INTEREST OF THE BOARD OF
behave with high integrity, as regulated in the Board of DIRECTORS
Directors Charter, which states: Throughout 2023, no member of the Board of Directors
1. Members of the Board of Directors are not permitted has a conflict of interest with the Bank, either actual or
to use the Bank or information obtained from it for potential. The CIMB Niaga Board of Directors is always
personal, family, or other party interests that may committed to avoiding potential conflicts of interest or
harm or reduce the Bank’s or its subsidiaries’ profits positioning itself to avoid potential conflicts of interest
and reputation. in any situation, as stated in the Board of Directors’
2. Members of the Board of Directors are not permitted Charter. In the event of a conflict of interest, the Board of
to accept and/or receive personal benefits from the Directors is prohibited from taking any action that could
Bank other than remuneration and other facilities harm or reduce the Bank’s profits, and it is required to
specified by the GMS and/or internal policies. disclose the potential conflict of interest in all decisions.
3. Members of the Board of Directors are prohibited
from employing individual advisors and/or Members of the Board of Directors are not permitted to
professional services as consultants unless they meet represent the Bank if:
the following requirements: 1. There is a court case between the Bank and the
a. Specific Projects member of the Board of Directors involved; and/or
b. Based on a clear contract that at least includes the 2. The relevant member of the Board of Directors has a
scope of work, responsibilities, work period, and conflict of interest with the Bank’s interests.
costs;
c. Consultants are independent parties with the Procedures that must be followed by members of the
necessary qualifications to work on specific Board of Directors in the event of a conflict of interest,
projects. namely every member of the Board of Directors who
personally, in any way, either directly or indirectly, has an
interest in a transaction, contract or proposed contract,
in which the Bank is a party, must declare the nature of
interests at a Board of Directors meeting and have no
right to participate in voting on matters related to the
proposed transaction or contract, unless the Board of
Directors determines otherwise.
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PARTICIPATION OF THE BOARD OF DIRECTORS MEMBERS IN ASSOCIATIONS/ORGANIZATIONS
Several members of the Bank’s Board of Directors are listed as active participants in a variety of associations/
organizations. A member of the Board of Directors’ involvement in an association/organization does not preclude the
person from carrying out their duties and responsibilities as a member of the Bank’s Board of Directors, and therefore
this is not considered a concurrent position.
No. Name Position Position in Association/Organization
1 Lani Darmawan Presiden Director • Member of the Monetary and Financial Services Policy Board at the
Indonesian Chamber of Commerce and Industry (KADIN Indonesia)
Banking Sector - (2021 -2026)
• Deputy Chairman of Institutional Relations at PERBANAS - (2021 - 2024)
• Member of the Indonesian Employers’ Association (APINDO) Banking
Sector - (2023-2028)
2 John Simon Treasury & Capital Market • Member of Association Cambiste Internationale the Financial Markets
Director Association of Indonesia (ACI FMA Indonesia) - (2020 - present)
• Member and Board of Indonesia Foreign Exchange Market Committee
(IFEMC) -(2023-2027)
3 Pandji P. Djajanegara Sharia Banking Director • Deputy Secretary General (Wasekjend) II – IBI (2023-2027)
• Head of ASBISINDO Regulatory Division (2021-2024)
• Member of the Research, Study and Publication Sector (RPP) of the
Indonesian Bankers Association (IBI) (2019-2023)
• Member of the ASBISINDO Regulatory Committee (2018-2021)
4 Fransiska Oei Compliance, Corporate Affair & • Chairwoman of the Banking Compliance Director Communication
Legal Director Forum (FKDKP) - (2022-2025)
• Head of Legal Studies & ESG Development Division, PERBANAS (2020-
2024)
• Member of the PERBANAS Education Foundation Management (2018-
2023)
• Supervisor of Alternative Financial Services Sector Dispute Resolution
Institutions (LAPS SJK) - (2020-2023). In 2023, it has been extended to
March 2024 and the results of the OJK FPT for the 2024 - 2027 Supervisory
period, appointments will be made at the RUA in March 2024.
• Member of the Management Board of the National Governance Policy
Committee (KNKG) - (2021-2024)
5 Tjioe Mei Tjuen Operations & Information • General Treasurer of the Banking Operations Director Communication
Technology Director Forum (FKDOP) - (2021-present)
• Member of iCIO-Indonesia CIO (2016-present)
6 Henky Sulistyo Risk Mangement Director • Director of the Financial Risk Management Directorate, Bankers
Association for Risk Management (BARA) - (2021 - 2024)
• Member of Research, Studies, Publications of the Indonesian Bankers
Association (IBI) – (2023 – 2027)
POLICY ON THE PROVISION OF Indonesia in an integrated manner, such as (i) focusing
LOAN TO THE BOARD OF DIRECTORS on key expertise, (ii) focusing on the growth of low-
CIMB Niaga has and implements a policy of providing cost funds, (iii) increasing cost management efficiency
loans to the Board of Directors under normal price and discipline, (iv) balancing risk, compliance culture,
policies and conditions, as it does with parties who are and capital adequacy, and (v) strengthening the use
not related to the bank. This policy is outlined in the of technology and information.
Board of Directors Charter. Loans made by the Board 3. Executing syndicated loan by effectively managing
of Directors will be calculated using CIMB Niaga’s Legal loan risk and improving infrastructure to foster the
Lending Limit in accordance with PBI No. 8/13/PBI/2006. growth of business banking customers.
4. Improving each customer’s experience, in line with
IMPLEMENTATION OF DUTIES AND the Bank’s goal of remaining at the forefront of
RESPONSIBILITIES OF innovation and digital banking services.
THE BOARD OF DIRECTORS IN 2023 5. Branchless banking development, including
In addition to implementing the GMS decisions made ATM optimization and addition, CRM and CDM
during the fiscal year, the Board of Directors fulfilled the development, and digital-based services and products
following duties and responsibilities in 2023: such as OCTO Clicks, OCTO Mobile, BizChannel, and
1. Lead the management team in the preparation and Bizlite.
evaluation of the Bank’s strategy during the Board of 6. Determine and evaluate the Information Technology
Directors Meeting on the Bank Business Plan (RBB) (IT) strategic plan through the IT Steering Committee
on 25 October 2022, and the revision of the 2023 RBB (ITSC), monitor and ensure policies and standard
on 16 May 2023. procedures, including their dissemination, regarding
2. Determine strategic steps to achieve the Bank’s the Bank’s adequate use of IT, and monitor and ensure
mission of providing universal banking services in
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all IT implementation activities are in accordance with 4. Board of Directors meetings can be held in person,
OJK Regulation No. 11 of 2022 on the Implementation via teleconference technology, telepresence, or other
of Information Technology by Commercial Banks. electronic media.
7. Strenghtening IT Security capabilities for protecting 5. All Board of Directors members must attend at least
the Bank’s confidential data, as well as increasing 75% (seventy-five percent) of meetings each year.
the Security Operations Center work unit’s ability to 6. Every policy and strategic decision must be made at
monitor and combat cybercrime attacks. a Board of Directors meeting, considering the Articles
8. Ensure that Business Continuity Management of Asscociation provisions as well as any applicable
and Business Continuity Plans are developed and laws and regulations.
implemented across all CIMB Niaga lines so that 7. For a permanent meeting agenda, invitations and
the organization can continue to provide financial meeting materials must be delivered to participants
services at an acceptable level during a crisis. at least 5 (five) working days prior to the holding of
9. Actively monitor debtors in the midst of COVID-19 the meeting.
recovery efforts or the start of the endemic phase 8. In the event that a meeting is held outside of the
who are included in economic sectors that are above-mentioned schedule, the meeting materials
considered vulnerable to the impacts of COVID-19. must be delivered to the meeting participants no
10. Continued development of the Transformation later than before the meeting begins.
program, which has been planned since 2019. The Bank 9. The President Director chairs all Board of Directors
is implementing a transformation program aimed at meetings. In the event that the President Director is
short, medium, and long-term growth through the absent, unable to attend, or unavailable, which does
use of new technologies, agile development, and data not need to be proven to a third party, the Board of
analytics, with a focus on customer experience. It is Directors meeting will be chaired by the Vice President
hoped that the implementation of the Transformation Director or a member of the Board of Directors who is
program will elevate the Bank to even higher levels. present and chosen by the Board of Directors present
at the meeting.
POLICY AND IMPLEMENTATION OF 10. Board of Directors meetings are valid and have the
MEETING FREQUENCY authority to make legal and binding decisions if
attended/represented by at least 2/3 (two-thirds) of
PROVISIONS FOR BOARD OF DIRECTORS MEETING the total Board’ of Directors’ members.
AND BOARD OF DIRECTORS MEETING WITH THE 11. Decisions at Board of Directors Meetings are taken
BOARD OF COMMISSIONERS based on deliberation to reach consensus. In the
1. Before the end of the fiscal year, the Board of event that a decision based on deliberation to reach
Directors must prepare and upload a schedule for consensus is not reached, then the decision is taken
the Board of Directors’ meetings as well as Board of by voting based on the “agree” votes of at least 2/3
Directors’ meeting with the Board of Commissioners (two thirds) of the number of members of the Board
for the following fiscal year to the Bank’s website. of Directors present at the meeting.
2. Board of Directors meetings must be held periodically 12. Each member of the Board of Directors present has
at least once a month, or at any time if deemed the right to cast 1 (one) vote, and an additional 1 (one)
necessary, for a total of at least 12 (twelve) times a vote for each other member of the Board of Directors
year. A proposal to hold a Board of Directors meeting he/she represents.
may come from one or more members of the Board 13. A member of the Board of Directors may only be
of Directors or upon written request from the Board represented by another member based on a special
of Commissioners, or upon written request from 1 Power of Attorney made for the purposes of the
(one) or more shareholders who together represent meeting, provided that the physical absence:
1/10 (one tenth) or more of the total number of a. can be calculated in the frequency of physical
shares with valid voting rights issued by the Bank. presence at Bank Board of Directors meetings.
3. The Board of Directors is obliged to hold Board of b. does not eliminate the right to vote in decision-
Directors meeting with the Board of Commissioner at making in accordance with the power granted, so
least once every four months, or three times per year. that voting rights are considered in the meeting
forum.
14. Members of the Board of Directors who are unable
to attend a Board of Directors meeting must
communicate their absence to the President Director
via the Corporate Secretary.
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15. Decisions can be made at meetings or outside of 23. Decisions made at Board of Directors meeting with
meetings, specifically through Circular Resolution of the Board of Commissioners must be documented in
the Board of Directors or other recognized media, as meeting minutes, signed by all members of the Board
long as all members of the Board of Directors sign the of Directors and Board of Commissioners present,
Circular Decisions or media in question. and communicated to all members of the Board of
16. The Corporate Secretary attends Board of Directors Directors and Board of Commissioners, as well as the
meetings, as well as any other parties deemed Corporate Secretary.
necessary by the Board of Directors and relevant to 24. In the event that there are members of the Board of
the meeting agenda, both internal and external to the Directors and/or the Board of Commissioners who
Bank. do not sign the minutes of the above-mentioned
17. The Corporate Secretary prepares and administers meeting, the person in question is obliged to state the
meeting minutes, and if one of the Directors serves reason in writing in a separate letter attached to the
as the Corporate Secretary, the minutes can be minutes.
prepared by the Corporate Affiars work unit. 25. The Board of Directors can also make legal and
18. Board of Directors meeting minutes must be signed binding decisions without holding a Board of Directors
by all members present and distributed to all meeting, provided that all members of the Board of
members. Directors give their approval by signing a decision
19. The minutes of the Board of Directors meeting letter containing the proposal (Circular Decision).
state the presence of each member of the Board 26. Circular Decisions have the same power as decisions
of Directors either in person, via teleconference or legally made at a Board of Directors meeting.
telepresence.
20. In the event that a Board of Directors meeting is In line with the new HyWork way of working (Hybrid
held via teleconference technology, telepresence, or Working, Happy Working), which has been implemented
other electronic media, the meeting minutes must be since 2021 at the Bank, in 2023, Board of Directors
prepared and signed by all members of the Board of meetings and Board of Directors meetings with the
Directors who were present. Board of Commissioners were held physically, virtually,
21. Minutes of Board of Directors meetings are or hybridly (physical and virtual).
admissible evidence for members of the Board of
Directors and third parties regarding decisions made The schedule for meetings of the Board of Directors
at such meetings. and meeting of the Board of Directors with the Board of
22. If a dissenting opinion arises at a Board of Directors Commissioners throughout 2023 has been prepared and
meeting, it must be clearly stated in the meeting uploaded to the Bank’s website at the end of 2022.
minutes, along with the reasons for the dissent.
BOARD OF DIRECTORS MEETING AGENDA IN 2023
Throughout 2023, the Board of Directors Meeting discussed agendas, among others, as shown below.
No. Date Agenda Participant
1 10 January 2023 1. Consolidated Financial Performance as of December 2022 1. Lani Darmawan
(Ad Hoc) 2. Spin Off Progress Update 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8 Joni Raini
9. Noviady Wahyudi
2 17 January 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Internal Audit Summary as of December 2022 2. Lee Kai Kwong
3. Risk Profile for Quarter 4 2022 and RBBR Semester 2/2022 Integrated Risk 3. John Simon
Profile for Semester 2/2022 4. Fransiska Oei
4. 2023 BMC Scorecard Framework 5. Pandji Djajanegara
5. 2022 Collegial Evaluation of the Board of Directors 6. Tjioe Mei Tjuen
6. Others 7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
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No. Date Agenda Participant
3 27 January 2023 1. End of Year Audit Findings for the Financial Year ending 31 December 2022 1. Lani Darmawan
(Ad Hoc) 2. Others 2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
4 31 January 2023 1. Appetite Sector and Limit Sector 2023 1. Lani Darmawan
(Ad Hoc) 2. MRT (Material Risk Taker) Shares 2023 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Joni Raini
8. Henky Sulistyo
9. Noviady Wahyudi
5 7 February 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Consolidated Financial Performance as of January 2023 2. Lee Kai Kwong
3. OHI Result 2022 3. John Simon
4. EPICC Podcasts 4. Fransiska Oei
5. 2023 BMC Scorecards Update 5. Pandji Djajanegara
6. People Forums 6. Tjioe Mei Tjuen
7. Wealth XPO and Xtra EXPO 7. Henky Sulistyo
8. Others 8. Joni Raini
9. Noviady Wahyudi
6 14 February 2023 1. Approval of the Appointment of an External Auditor for the 2023 Financial Year 1. Lani Darmawan
(Ad Hoc) 2. Others 2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
7 21 February 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
2. Data Analytics Highlights 2. John Simon
3. 2023 Dividend Payment 3. Fransiska Oei
4. Compliance Director Report Semester 2 2022 (Compliance, AML, Legal) 4. Pandji Djajanegara
5. 2022 Sustainability Update 5. Tjioe Mei Tjuen
6. Wage Structure and Wage Scale 2023 Update 6. Henky Sulistyo
7. Free Float Stock Update 7. Joni Raini
8. Others 8. Rusly Johannes
9. Noviady Wahyudi
8 7 March 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Report on share ownership and changes in share ownership of the Board of 2. ßLee Kai Kwong
Directors and Board of Commissioners 3. John Simon
3. Convene (Board Meeting System) 4. Fransiska Oei
4. Consolidated Financial Performance as of February 2023 5. Ibu Tjioe Mei Tjuen
5. Others 6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
9 14 March 2023 1. Adjustment of UMT and Official Travel and Education 2023 1. Lani Darmawan
(Ad Hoc) 2. Digital Banking Update: 2023 Strategy and Initiatives 2. Lee Kai Kwong
3. Establishment of CCP SBNT in Indonesia 3. John Simon
4. Others 4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
10 28 March 2023 1. Changes to the 1st Quarter 2023 Audit Plan 1. Lani Darmawan
(Ad Hoc) 2. Others 2. Lee Kai Kwong
3. Fransiska Oei
4. Pandji Djajanegara
5. Tjioe Mei Tjuen
6. Joni Raini
7. Henky Sulistyo
8. Rusly Johannes
9. Noviady Wahyudi
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No. Date Agenda Participant
11 4 April 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Results of the Group Wide Stress Test (GWST) and Bottom Up Stress Test (BUST) 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
12 11 April 2023 1. Consolidated Financial Performance as of March 2023 1. Lani Darmawan
(Ad Hoc) 2. Internal Audit Summary as of March 2023 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
13 18 April 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. RBB Realization Report for Q1 of 2023 2. Lee Kai Kwong
3. Data Management Update 3. John Simon
4. Risk Profile for Q1 of 2023 4. Fransiska Oei
5. Others 5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
14 2 May 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Xtra Xpo Update 2. John Simon
3. Others 3. Fransiska Oei
4. Pandji Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
15 9 May 2023 1. Consolidated Financial Performance as of April 2023 1. Lani Darmawan
(Ad Hoc) 2. OPeRa 2022 update 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
16 16 May 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Internal Audit Summary as of April 2022 2. Lee Kai Kwong
3. Reverse Stress Test (RST) results for 3. John Simon
4. Recovery Plan Group as of December 2022 Revised RBB 2023 - Bank only 4. Fransiska Oei
5. Compliance Director Report Q1 2023 (Compliance, AML & Legal) 5. Pandji Djajanegara
6. Sustainability Update Q1 2023 6. Tjioe Mei Tjuen
7. Others 7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
17 30 May 2023 1. Talent Retention Program 1. Lani Darmawan
(Ad Hoc) 2. Sharia Regulations Update 2. Lee Kai Kwong
3. Others 3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Joni Raini
7. Rusly Johannes
8. Noviady Wahyudi
18 6 June 2023 1. Others 1. Lani Darmawan
2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
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No. Date Agenda Participant
19 13 June 2023 1. Consolidated Financial Performance as of May 2023 1. Lani Darmawan
(Ad Hoc) 2. Others 2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
20 20 June 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Internal Audit Summary as of May 2023 2. Lee Kai Kwong
3. Mid-Year Senior Leader Conference (SLC): Achievement of PBT 10Tn +10 million 3. John Simon
customers through CASA in 2024 4. Fransiska Oei
4. Uniform Classification- Write Off Account 5. Pandji Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Rusly Johannes
21 4 July 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Risk Management Certification Update 2. Lee Kai Kwong
3. Short Term Assignments 3. John Simon
4. Others 4. Pandji Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
22 11 July 2023 1. Consolidated Financial Performance as of June 2023 1. Lani Darmawan
(Ad Hoc) 2. Others 2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
23 23 July 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Internal Audit Summary as of June 2023 2. Lee Kai Kwong
3. Q2 - 2023 Risk Profile, Integrated Risk Profile & RBBR Semester 1 2023 and 3. John Simon
ICAAP 4. Fransiska Oei
4. Chasing Dreams Concert for Indonesia 2023 5. Tjioe Mei Tjuen
5. Others 6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
24 1 August 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
3. Encashed Overbooking Proposal for customers 3. John Simon
4. CIMB Niaga 68th Anniversary and CIMB Niaga Olympics 4. Fransiska Oei
5. ANZU Project 5. Pandji Djajanegara
6. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
25 8 August 2023 1. Consolidated Financial Performance as of July 2023 1. Lee Kai Kwong
(Ad Hoc) 2. POJK No. 12/2023 (UUS) Update 2. John Simon
3. EPICC, OHI & HYWork Survey Pulse 3. Fransiska Oei
4. Others 4. Pandji Djajanegara
5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
26 15 August 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lee Kai Kwong
2. Follow-up from the previous Board of Directors Meeting 2. John Simon
3. a. Audit Plan for the year ending December 31, 2023 3. Fransiska Oei
b. Socialization of sustainability reporting 4. Pandji Djajanegara
4. a. Internal Audit Summary as of July 2023 5. Tjioe Mei Tjuen
b. 2023 Mid-Year Risk Assessment and Audit Plan Update 6. Henky Sulistyo
5. a. Extraordinary General Meeting of Shareholders (EGMS) 2023 7. Joni Raini
b. Issuance of PMTHMETD 8. Rusly Johannes
6. Others 9. Noviady Wahyudi
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No. Date Agenda Participant
27 29 August 2023 1. Treasury Shares Placement Agent 1. Lani Darmawan
2. AML Update – Compliance Director Report 2. Kai Kwong
3. The Cooler Earth 2023 3. John Simon
4. Others 4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
28 5 September 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
3. PT Musim Mas (Musim Mas Group) 3. John Simon
4. Contingency Funding Plan (CFP) Test 4. Fransiska Oei
5. Others 5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
29 12 September 2023 1. Consolidated Financial Performance as of August 2023 1. Lani Darmawan
(Ad Hoc) 2. a. Spin Off Update 2. Lee Kai Kwong
b. Alleviating Stunting and Extreme Poverty 3. John Simon
3. The Cooler Earth 2023 Update 4. Fransiska Oei
4. Others 5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
30 20 September 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
3. Internal Audit Summary as of August 2023 3. John Simon
4. Risk Posture 2024 4. Fransiska Oei
5. Implementation of Internal Carbon Pricing 5. Pandji Djajanegara
6. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
31 26 September 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) 2. Follow-up to the previous Board of Directors Meeting 2. Lee Kai Kwong
3. CIMB Niaga Olympic Update 3. John Simon
4. Others 4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
32 3 October 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
2. Follow-up to the previous Board of Directors Meeting 2. Lee Kai Kwong
3. Update GWM incentives 3. John Simon
4. Others 4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
33 3 October 2023 1. New MRT Scheme 1. Lani Darmawan
(Ad Hoc) 2. Lee Kai Kwong
3. John Simon
4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
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No. Date Agenda Participant
34 10 October 2023 1. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
(Ad Hoc) 2. Follow-up to the previous Board of Directors Meeting 2. Lee Kai Kwong
3. a. Financial Performance as of September 2023 3. John Simon
b. Updated Cost of Funds as of September 2023 4. Fransiska Oei
4. Others 5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
35 17 October 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
b. Follow-up to the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Risk Profile for Quarter 3 2023 3. John Simon
3. Internal Audit Summary as of September 2023 4. Fransiska Oei
4. Sustainable Finance Action Plan 2023, Realization of RKAB & RKAB 2024-2028 5. Pandji Djajanegara
5. Finance Update and Approval 6. Tjioe Mei Tjuen
a. GWM Incentive 7. Henky Sulistyo
b. RDN account and share ownership 8. Joni Raini
c. SMART 2.0 update 9. Rusly Johannes
d. Stock Recording – Head Office Progress Update 10. Noviady Wahyudi
6. Others
36 24 October 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
(Ad Hoc) b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Realization of RBB Q3 2023 and RBB 2024 3. John Simon
3. Others 4. Fransiska Oei
5. Pandji Djajanegara
6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
37 31 October 2023 1. a. Confirmation/Monitoring of the Minute of Board of Directors’ Meeting 1. Lani Darmawan
(Ad Hoc) b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Others 3. Fransiska Oei
4. Pandji Djajanegara
5. Ibu Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
38 7 November 2023 1. a. Confirmation/Monitoring of the Minute of Board of Directors’ Meeting 1. Lani Darmawan
b. Follow-up to the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Consolidated Financial Report Performance as of October 2023 3. Fransiska Oei
3. RBB (Bank Business Plan) 2024 4. Pandji Djajanegara
4. Others 5. Tjioe Mei Tjuen
6. Henky Sulistyo
7. Joni Raini
8. Rusly Johannes
9. Noviady Wahyudi
39 14 November 2023 1. a. Confirmation of the Minutes of Board of Directors’ Meetings 1. Lani Darmawan
(Ad Hoc) b. Follow-up from the previous Board of Directors Meeting 2. John Simon
2. Regional Distribution System 3. Pandji Djajanegara
3. Others 4. Tjioe Mei Tjuen
5. Henky Sulistyo
6. Joni Raini
7. Rusly Johannes
8. Noviady Wahyudi
40 21 November 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Internal Audit Summary as of October 2023 3. John Simon
3. Forward Way of Working – Microsoft 365 4. Fransiska Oei
4. a. Fixed asset recording 5. Pandji Djajanegara
b. GWM Incentive 6. Tjioe Mei Tjuen
5. Compliance Director Report Q3 2023 (Compliance, AML & Legal) 7. Henky Sulistyo
6. Sustainability Update as of October 2023 8. Joni Raini
7. Special Asset Update 9. Rusly Johannes
8. F23+GIL/BDR Update 10. Noviady Wahyudi
9. Others
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No. Date Agenda Participant
41 28 November 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
(Ad Hoc) b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. Anti-Bribery and Corruption Report 2023 3. John Simon
3. OJK Audit Findings Update 4. Fransiska Oei
4. Incentives and relaxation proposals Update 5. Pandji Djajanegara
5. Others 6. Tjioe Mei Tjuen
7. Henky Sulistyo
8. Joni Raini
9. Rusly Johannes
10. Noviady Wahyudi
42 5 December 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. PwC Audit Update for the Financial Year Ending December 31, 2023 3. John Simon
3. Capital Target and Capital Threshold 2024 4. Fransiska Oei
4. a. Internal Regulations Against Delays in Submitting Audited Financial Reports 5. Pandji Djajanegara
(LK) 6. Tjioe Mei Tjuen
b. Differences in Credit Quality Assessment between Collectability (POJK) and 7. Henky Sulistyo
Internal Bank Rating (ICRES) 8. Joni Raini
5. EPICC Customer Centricity 9. Rusly Johannes
6. Senior Leader Conference (SLC) 2023 10. Noviady Wahyudi
7. Annual AGMS 2024
8. Others
43 12 December 2023 1. a. Confirmation/Monitoring of the Minutes of Board of Directors’ Meeting 1. Lani Darmawan
b. Follow-up from the previous Board of Directors Meeting 2. Lee Kai Kwong
2. a. Internal Audit Summary as of November 2023 3. Fransiska Oei
b. 2023 Audit Plan Update 4. Pandji Djajanegara
3. Financial Performance as of November 2023 5. Tjioe Mei Tjuen
4. Follow up on OJK Audit Findings: 6. Henky Sulistyo
a. Internal Regulations Against Delays in Submitting Audited Financial Reports 7. Joni Raini
(LK). 8. Rusly Johannes
b. Differences in Credit Quality Assessment between Collectability (POJK) and 9. Noviady Wahyudi
Internal Bank Rating (ICRES)
5. Joint Leave 2024
6. Inactive Asset and Abandoned Property Process Update
7. Final Thanksgiving
AGENDA OF JOINT MEETINGS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS IN 2023
No. Date Directors in Attendance Commissioners in Attendance Agenda
1 27 January 2023 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of December 2022
2. Lee Kai Kwong 2. Glenn M. S. Yusuf (including Final Business Performance 2022,
3. John Simon 3. Jeffrey Kairupan Budget 2023 and Budget Group 2023)
4. Fransiska Oei 4. Sri Widowati
5. Tjioe Mei Tjuen 5. Dato’ Abdul Rahman Ahmad
6. Rusly Johannes 6. Vera Handajani
7. Henky Sulistyo
8. Joni Raini
9. Noviady Wahyudi
2 8 May 2023 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of March 2023
2. Lee Kai Kwong 2. Glenn M. S. Yusuf
3. John Simon 3. Jeffrey Kairupan
4. Pandji Djajanegara 4. Sri Widowati
5. Fransiska Oei 5. Dato’ Abdul Rahman Ahmad
6. Tjioe Mei Tjuen 6. Vera Handajani
7. Rusly Johannes 7. Farina J. Situmorang*)
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
3 25 July 2023 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of June 2023
2. Lee Kai Kwong 2. Glenn M. S. Yusuf
3. John Simon 3. Jeffrey Kairupan
4. Fransiska Oei 4. Sri Widowati
5. Tjioe Mei Tjuen 5. Dato’ Abdul Rahman Ahmad
6. Rusly Johannes 6. Vera Handajani
7. Henky Sulistyo 7. Farina J. Situmorang*)
8. Joni Raini
9. Noviady Wahyudi
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No. Date Directors in Attendance Commissioners in Attendance Agenda
4 26 October 2023 1. Lani Darmawan 1. Didi Syafruddin Yahya Financial Performance as of September 2023
2. Lee Kai Kwong 2. Glenn M. S. Yusuf
3. John Simon 3. Jeffrey Kairupan
4. Pandji Djajanegara 4. Sri Widowati
5. Fransiska Oei 5. Dato’ Abdul Rahman Ahmad
6. Tjioe Mei Tjuen 6. Vera Handajani
7. Rusly Johannes 7. Farina J. Situmorang*)
8. Henky Sulistyo
9. Joni Raini
10. Noviady Wahyudi
*)
Appointed as Independent Commissioner at the AGMS on 10 April 2023 and effective as of 25 January 2024. Attendance at meetings held before 25 January 2024 is a
invitation to the meeting and is not counted as meeting attendance.
MEETING FREQUENCY AND ATTENDANCE OF BOARD OF DIRECTORS IN 2023
Joint Meeting of the of Director
Board of Directors Meeting AGMS
with the Board of Commissioners
No. Name Average Average Average
Attendance Attendance Attendance Attendance Attendance Attendance
Attendance Attendance Attendance
Frequency Rate Frequency Rate Frequency Rate
Rate Rate Rate
1 Lani Darmawan 40/43 93% 4/4 100% 3/3 100%
2 Lee Kai Kwong 40/43 93% 4/4 100% 3/3 100%
3 John Simon 39/43 91% 4/4 100% 3/3 100%
4 Fransiska Oei 41/43 95% 4/4 100% 3/3 100%
5 Pandji Djajanegara 40/43 93% 3/4 75% 3/3 100%
94% 98% 96.7%
6 Tjioe Mei Tjuen 41/43 95% 4/4 100% 3/3 100%
7 Henky Sulistyo 41/43 95% 4/4 100% 3/3 100%
8 Joni Raini 42/43 98% 4/4 100% 3/3 100%
9 Rusly Johannes 40/43 93% 4/4 100% 2/3 66.67%
10 Noviady Wahyudi 41/43 93% 4/4 100% 3/3 100%
BOARD OF DIRECTORS Certification and/or Refreshment programs for Board
DEVELOPMENT PROGRAM of Directors in accordance with OJK Regulation No. 24
The Board of Directors’ competency development of 2022 on the Development of the Quality of Human
program is carried out, among other things, to support the Resources for Commercial Banks and OJK Circular Letter
implementation of their duties and achieve sustainable No. 28/SEOJK.03/2022 on Risk Management Certification
growth and effective bank management, as stated in for Commercial Bank Human Resources.
the Board of Directors’ Charter. As a result, CIMB Niaga
supports the development of member competencies INDUCTION PROGRAM FOR NEW MEMBERS
through Board of Director training programs that are OF THE BOARD OF DIRECTORS
aligned with macroeconomic developments, banking The induction program for new Board of Directors
industry dynamics, and ever-changing governance. members is designed to provide an overview of business
activities, the Bank’s future plans, work guidelines, and
TRAINING AND COMPETENCY other issues under the responsibiliy of the Board of
DEVELOPMENT PROGRAM Director. This orientation program is intended to prepare
Board of Directors’ competencies are developed through new members of the Board of Directors to collaborate
training programs for members of the Board of Directors. with other Bank Governance organs. The orientation
This program demonstrates the Bank’s commitment to program materials are documents prepared by the
improving competence to support the daily execution Corporate Affairs work unit, which include:
of the Board of Directors’ duties and responsibilities. 1. Bank’s Vision and Mission.
The training attended by each member of the Board 2. Bank Personell Code of Ethics and Behavior.
of Directors in 2023 is detailed in the Company Profile 3. Bank Organizational Structure.
Chapter of this Annual Report. 4. Bank’s Articles of Association.
5. Basic Company Policies.
RISK MANAGEMENT CERTIFICATION 6. Charter of the Board of Directors and Board of
As of 31 December 2023, all serving members of the Board Directors’ Committee.
of Directors have Risk Management Certification and/ 7. Applicable regulations governing Banking and Capital
or have completed the Risk Management Refreshment Markets.
program, as stated in the Company Profile Chapter of this 8. Bank Annual Report.
annual report. CIMB Niaga provides Risk Management 9. Bank Business Plan.
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Highlights Reports Profile and Analysis Management
The Bank has integrated orientation program materials PERFORMANCE ASSESSMENT RESULTS OF
into its digital learning (e-Learning) platform, specifically EXECUTIVE COMMITTEES IN 2023
the Learning on the Go (LoG) application, which No. Executive Committee Score
prospective Directors can access from anywhere and at 1 Risk Management Committee (RMC) 420 (Good)
any time. 2 Asset & Liability Committee (ALCO) 430 (Good)
3 Information Technology Steering 435 (Good)
PERFORMANCE ASSESSMENT POLICY AND Committee (ITSC)
PROCEDURE FOR COMMITTEES UNDER 4 Credit Policy Committee (CPC) 490 (Excellent)
THE BOARD OF DIRECTORS
(EXECUTIVE COMMITTEE)
Every year, the Board of Directors assesses the Range Table
performance of Committees at the Board of Directors Range Description
level. The criteria and basis for considering the Executive >470 - 500 Excellent
Committee’s performance assessment based on each 400 - <470 Good
Term of Reference (TOR) are as follows:
300 - <400 Fair
1. Number of meeting held;
200 - <300 Poor
2. Attendance of member of the Board of Directors;
<200 Very Poor
3. Minutes of Meeting Service Level Agreement (SLA);
4. Action Matters Arising; and
5. Meeting invitation distribution. The performance assessment of the Internal Audit Unit
and Risk Management Unit is presented in the Internal
Throughout 2023, the Board of Directors assesses Audit and Risk Management Unit section of this chapter
that the implementation of duties, responsibilities, in the Annual Report.
and discussions at Executive Committee meetings are
considered to be running properly and effectively. The
participation of members of the Board of Directors at
committee meetings during the financial year 2023,
including decisions made during meeting discussions,
can also be used as a reference.
Board of Commissioners and
Board of Directors Performance Assessment
PERFORMANCE ASSESSMENT OF THE BOARD The policies and procedures of the assessment are as follows:
OF COMMISSIONERS (INCLUDING THE 1. Collegial performance assessment of the Board of
PRESIDENT COMMISSIONER) Commissioners;
In carrying out its functions, duties, and responsibilities, 2. Individual performance assessment of each
the Board of Commissioners, including the President member of the Board of Commissioners; and
Commissioner, is evaluated periodically, the result of 3. Performance assessment of the President
which is reported to the Shareholders. Commissioner.
POLICIES AND PROCEDURES IN THE BOARD OF BOARD OF COMMISSIONERS PERFORMANCE
COMMISSIONERS PERFORMANCE ASSESSMENT ASSESSMENT CRITERIA
Performance assessment of the Board of Commissioners The performance assessment of the Board of
is carried out annually (at least once a year) and every Commissioners (including the President Commissioner)
three years the assessment will be conducted by third is conducted using the following criteria:
party. In 2023, the performance assessment of the Board 1. Criteria for the Collegial Performance Assessment
of Commissioners was conducted independently by of the Board of Commissioners
the Bank through a survey conducted on the Board of a. Effectiveness of the Board of Commissioners’ Role
Commissioners. b. Effectiveness of Tasks and Responsibilities
Implementation
The result of the performance assessment become c. Composition of the Board of Commissioners
input for improving the performance of the Board of d. Effectiveness of Meeting, Work Ethics, and
Commissioners in the future. Dynamics of the Board of Commissioners
e. Implementation of Good Corporate Governance
and Sustainability Principles
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f. Effectiveness of Risk Management and Internal PERFORMANCE ASSESSMENT OF THE BOARD OF
Control Implementation COMMISSIONERS’ GCG IMPLEMENTATION
2. Criteria for the Individual Performance Assessment of CIMB Niaga carries out a performance assessment of the
the Board of Commissioners Board of Commissioners on GCG implementation in the
a. Competency and capability financial year in reference to the Regulation of OJK No. 17 of
b. Effectiveness of Tasks and Responsibilities Implementation 2023 and the Circular Letter of OJK No. 13/SEOJK.03/2017,
3. Criteria for the Performance Assessment of the which require public banks to carry out self-assessment on
President Commissioner GCG implementation.
a. Effectiveness of Tasks and Responsibilities Implementation
b. Leadership PROCEDURE FOR THE PERFORMANCE ASSESSMENT OF
THE BOARD OF COMMISSIONERS
PARTIES CONDUCTING PERFORMANCE ASSESSMENT CIMB Niaga carries out performance assessment of the Board
OF THE BOARD OF COMMISSIONERS of Commissioners, including GCG self-assessment, periodically
The parties conducting performance assessment of the in every semester, or in June and December of the current year.
Board of Commissioners are as follows:
1. Collegial Performance Assessment of the Board of PERFORMANCE ASSESSMENT CRITERIA OF THE BOARD
Commissioners OF COMMISSIONERS
Assessment is conducted by each Commissioner on the Criteria used in the performance assessment of the Board of
overall performance of the Board of Commissioners. Commissioners are described within the governance system
2. Individual Performance Assessment of Each Member of and can be categorized into 3 (three) assessment: Governance
the Board of Commissioners Structure, Governance Process, and Governance Result.
Each Commissioner assesses other Commissioners.
3. Performance Assessment of the President Commissioner PARTIES CARRYING OUT THE PERFORMANCE
Assessment is conducted by each Commissioner on the ASSESSMENT
performance of the President Commissioner. The GCG self-assessment involves the Board of Commissioners,
Independent Parties, the Board of Directors, Executive
All responses given by the above parties are conveyed Management, and other independent functions, coordinated
directly through an online survey. The result of the by the Compliance Unit.
performance assessment is confidential and anonymous
and will be compiled and submitted to the Nomination and BOARD OF COMMISSIONERS PERFORMANCE
Remuneration Committee. Subsequently, the Nomination ASSESSMENT RESULT IN 2023
and Remuneration Committee will present and discuss Bank’s Governance Self-Assessment Result
all performance assessment responses in the Board of Description Rating
Commissioners’ meeting. The result will be followed up with Implementation of Duties 2 (Good)
and Responsibilities of the
an improvement or action plan (if needed). Board of Commissioners
BOARD OF COMMISSIONERS PERFORMANCE RECOMMENDATIONS AND FOLLOW-UP ACTIONS
ASSESSMENT RESULT IN 2023 In 2023, there was no recommendation that has not been
In 2023, the collegial and individual performance assessment followed-up by the Board of Commissioners.
of the Board of Commissioners produced the following results:
Collegial Individual
President
PERFORMANCE ASSESSMENT OF THE BOARD OF
Performance Performance
Assessment Assessment
Commissioner DIRECTORS (INCLUDING PRESIDENT DIRECTOR)
4.74 (Exceptional) 4.82 (Exceptional) 4.93 (Exceptional) In carrying out its functions, duties, and responsibilities,
the Board of Directors, including the President Director, is
evaluated periodically, the result of which will be reported to
The Bank’s commitment to implementing the principles of GCG the Shareholders.
is an aspect that shall be reviewed in the collegial performance
assessment of the Board of Commissioners. In 2023, the POLICIES AND PROCEDURES FOR THE PERFORMANCE
performance assessment result on GCG implementation ASSESSMENT OF THE BOARD OF DIRECTORS
by the Board of Commissioners was 4.71 (Exceptional). Policies for the performance assessment of the Board of
Directors include:
Range Table 1. Collegial performance assessment of the Board of
Range Description Directors, carried out at least 1 (once) a year
≥ 4.7 Exceptional 2. Individual performance assessment of the Board of
4.0 – 4.6 Outstanding Directors (including President Director), carried out at
3.7 – 3.9 Exceed Expectation least 2 (twice) a year
3.0 – 3.6 Meet Expectation
< 3.0 Need Improvement
every three years, the assessment will be conducted by third
party.
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Highlights Reports Profile and Analysis Management
In 2023, a collegial performance assessment of the Board At the end of the financial year, CIMB Niaga will evaluate
of Directors was conducted through a self-assessment the performance assessment of the Board of Directors,
online survey, independently carried out by the Bank. The both institutionally (Collective Scorecard) and individually
results of the performance assessment are confidential (Individual Scorecard). The results will be submitted to
and anonymous, serving as input for continuous the Nomination and Remuneration Committee for input
improvement of the Board of Directors’ performance. and recommendations before final approval by the
Board of Commissioners.
In the individual performance assessment of the Board
of Directors, the Bank uses a balanced scorecard as a CRITERIA FOR THE PERFORMANCE ASSESSMENT OF
performance indicator for each member of the Board of THE BOARD OF DIRECTORS
Directors. The Bank’s aspirations and strategic objectives The criteria used in the performance assessment of the
stated in the Balance Scorecard are interpreted into a Board of Directors (including the President Director) are
Key Performance Indicator (KPI) in accordance with the as follows:
tasks and responsibilities of each member of the Board 1. Collegial Performance Assessment of the Board of
of Directors by considering collegial and individual Directors
responsibilities, both financially and non-financially. The criteria for collegial performance assessment are
as follows:
CIMB Niaga implements 2 (two) KPIs as follows: a. Effectiveness of the Board of Directors’ Role
1. Collective scorecard as the basis for assessing the b. Effectiveness of Bank’s Strategy and Management
performance of the directorates and the Bank’s institution c. Composition of the Board of Directors
and will determine performance-based compensation d. Effectiveness of Meeting, Work Ethics, and
amounts for employees in relevant directorates. Dynamics of the Board of Directors
2. Individual scorecard as the basis for determining the e. Implementation of Good Corporate Governance
performance of the Board of Directors, including the and Sustainability Principles
President Director individually. f. Effectiveness of Risk Management and Internal
Control Implementation
The two KPIs will be agreed upon by the Board of Directors 2. Individual Performance Assessment of the Board of
and submitted to the Nomination and Remuneration Directors (bank-wide and individually)
Committee for recommendations as well as the Board a. Components used in evaluating the performance
of Commissioners for approval. Subsequently, the of the Directorates and Bank institution/Bank-
Collective Scorecard (including Sustainability KPI) will be wide (Collective Scorecard) include:
disseminated to all employees to ensure alignment with
the objectives and strategies of the Bank.
Directorate
Business Unit Business Enabler
Performance
Parameter Compliance,
Consumer Treasury Operations & Strategy,
CIMB Business Sharia Risk Corporate Human
Banking & Capital Information Finance &
Niaga Banking* Banking Management Affairs, & Resource
(Retail) Market Technology SPAPM
Legal
Financial 40% 40% 40% 40% 45% 15% 25% 15% 30% 25%
Risk, 25% 25% 25% 20% 20% 10% 15% 10% 15% 15%
Compliance,
Audit
Customer 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Experience
** **
Service Delivery - - - - - 25% 10% 20% 10% 15%
Key Focus 15% 15% 15% 20% 15% 30% 30% 35% 25% 25%
Areas/Projects
Purpose Driven 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
(including
Sustainability)
*)
Business Banking oversees Corporate Banking, Commercial Banking, Emerging Business Banking, and Transaction Banking
**)
Service Delivery for the Risk Management Directorate & Compliance, Corporate Affairs & Legal Directorate includes indicators on overall risk/compliance
implementation in Bank
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b. The components used in individual performance assessment for each Director including the President Director
(Individual Scorecard), are as follows:
Directorate
Business Unit Business Enabler
Performance
Parameter Compliance,
Consumer Treasury Operations & Strategy,
CIMB Business Sharia Risk Corporate Human
Banking & Capital Information Finance &
Niaga Banking* Banking Management Affairs, & Resource
(Retail) Market Technology SPAPM
Legal
Financial 30% 25% 25% 30% 30% - 15% - 15% 15%
Risk, 25% 20% 20% 15% 15% 25% 15% 25% 15% 15%
Compliance,
Audit
Customer 10% 10% 10% 10% 10% 10% 20% 10% 20% 20%
Experience
**
Key Focus 20% 30% 30% 30% 30% 50% 35% 50% 35% 35%
Areas/Projects
People & 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%
Leadership
Development
*)
Business Banking oversees Corporate Banking, Commercial Banking, Emerging Business Banking, and Transaction Banking
**)
Including Sustainability KPIs
PARTIES CARRYING OUT THE PERFORMANCE has continuously ensured the achievement of the Bank’s
ASSESSMENT OF THE BOARD OF DIRECTORS performance that meets the expectations of the shareholders
The parties conducting performance assessment of the and all stakeholders. The score for the collegial performance
Board of Directors are as follows: assessment of the Board of Directors in 2023 was 4.60
(Outstanding), whereas the score for GCG implementation
1. Collegial Performance Assessment of the Board of by the Board of Directors was 4.70 (Exceptional).
Directors
Each member of the Board of Directors assesses the Range Table
performance of the Board of Directors collegially. All Range Description
responses are collected directly online. The result ≥ 4.7 Exceptional
will be compiled and reported to the management of 4.0 – 4.6 Outstanding
CIMB Niaga. 3.7 – 3.9 Exceed Expectation
3.0 – 3.6 Meet Expectation
< 3.0 Need Improvement
The result of the collegial performance assessment of
the Board of Directors will be discussed in the Board
of Directors’ Meeting and subsequently submitted to PERFORMANCE ASSESSMENT OF THE BOARD
the Nomination and Remuneration Committee and OF DIRECTORS’ GCG IMPLEMENTATION
the Board of Commissioners for input and approval In reference to the OJK Regulation No. 17 of 2023 and
on the improvement plan (if any). the OJK Circular Letter No. 13/SEOJK.03/2017, CIMB Niaga
carried out the performance assessment of the Board of
2. Individual Performance Assessment of the Board of Directors’ GCG implementation during the financial year.
Directors (Bank-wide and Individually) The regulation also requires public banks to carry out
Assessment is conducted by the President Director self-assessments on the implementation of banks’ good
on the performance of each directorate or member governance.
of the Board of Directors. The assessment results
of all directorates (including Bank) and all members PROCEDURES FOR THE PERFORMANCE ASSESSMENT
of the Board of Directors individually (including OF THE BOARD OF DIRECTORS
the President Director) will be discussed by the CIMB Niaga carries out the performance assessment of
Nomination and Remuneration Committee for input the Board of Directors, including GCG self-assessment,
and recommendations before gaining approval from periodically each semester, in June and December for the
the Board of Commissioners. current year.
BOARD OF DIRECTORS PERFORMANCE ASSESSMENT CRITERIA FOR THE PERFORMANCE ASSESSMENT OF
RESULT IN 2023 THE BOARD OF DIRECTORS
The results of the collegial performance assessment of Criteria used in the performance assessment of the Board of
the Board of Directors show that the Board of Directors Directors are described within the governance system and
has carried out its functions well in managing the Bank. can be categorized into 3 (three) assessment: Governance
The assessment also reflects that the Board of Directors Structure, Governance Process, and Governance Result.
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PARTIES CARRYING OUT THE PERFORMANCE BOARD OF DIRECTORS PERFORMANCE ASSESSMENT
ASSESSMENT RESULT IN 2023
The GCG self-assessment involves the Board of Bank’s Governance Self-Assessment Result
Commissioners, Independent Parties, the Board of Description Rating
Directors, Executive Management, and other independent Implementation of Duties 2 (Good)
functions, coordinated by the Compliance Unit. and Responsibilities of the
Board of Directors
RECOMMENDATIONS AND FOLLOW-UP ACTIONS
In 2023, there was no recommendation that has not been
followed up by the Board of Directors.
Policy on The Diversity of The Board of
Commissioners and The Board of Directors
The diversity policy in the composition of the Board of DIVERSITY IN THE COMPOSITION
Commissioners (BOC) and Board of Directors (BOD) has OF MEMBERS OF THE BOARD OF
a strategic role in fostering an inclusive work environment COMMISSIONERS
that values diversity. Members of CIMB Niaga’s BOC Aspects of diversity in the composition of members of
and BOD who are appointed at the General Meeting of the BOC include, among others:
Shareholders have a fairly diverse composition, both 1. Skills/Experience/Education, having at least:
based on age, educational background, expertise, and a. 1 (one) member who has expertise/work
experience required in carrying out their duties and experience/education in the field of economics/
responsibilities. Since September 2022, CIMB Niaga has business/finance; and/or
had a Policy on Diversity in the Composition of Members b. 1 (one) member who has expertise/work
of the BOC and BOD, which is reviewed on a regular basis experience/education in the banking industry;
in accordance with the Bank’s Manual Framework Policy and
and considers the provisions in the capital market sector c. 1 (one) member who has expertise/work
that regulate Good Corporate Governance. experience/education in the field of risk
management.
CIMB Niaga also maintains a diverse range of expertise 2. Nationality
and experience among its BOC and BOD, which includes The majority (more than 50% (fifty percent)) of
banking, economics, business, finance, governance, members of the BOC shall be Indonesian citizens.
human resources, and risk management. The combination 3. Gender
of these characteristics will influence the accuracy of Consider the diversity in gender of members of the
the nomination and appointment process for individual BOC.
members of the BOC and BOD, as well as the collegial 4. Age
BOC and BOD. The expertise of the BOC and BOD is Members of the BOC shall be diverse in age level.
also identified based on educational background, work 5. Independence
experience, and training received. CIMB Niaga organizes a a. Minimum 50% (fifty percent) of members of the
variety of training, workshops, and other relevant activities. BOC are Independent Commissioners.
b. The term of office of an Independent
The Bank’s Diversity Policy serves as a reference in Commissioner is 2 (two) consecutive terms, or a
succession planning for members of the BOC and BOD. maximum of 9 (nine) years.
To ensure that the Bank has an adequate talent pool and
in accordance with the target and Diversity Policy of the
Composition of Members of the BOC and BOD of the Bank.
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Aspects of Diversity of Members of the Board of Commissioners
Nationality Consist of:
6 (six) members of the BOC are Indonesian citizens.
1 (one) member of the BOC is a Malaysian citizen.
Education The educational levels of members of the BOC include Bachelor’s and Post-graduate degrees in various
educational fields such as economics, business management, risk management, and finance.
Work Experience A diverse work experience, among others:
1. BOC and/or BOD Members and/or Officials Chief or Senior Executives or other key positions in national
and multinational financial and non-financial institutions;
2. Officials Chief or Member/Chairman of Committee/Special Team or Special Staff or persons who hold other
important positions in Government Institutions, such as IBRA, Ministry of Finance, and Bank Indonesia;
3. Lecturers and Vice Deans of leading universities both at home and abroad.
Independence 1. There are 4 (four) Independent Commissioners out of 7 (seven) members of BOC, or 50% (fifty percent) of
the BOC members are Independent Commissioners;
2. All Independent Commissioners have served less than 9 (nine) years.
Age The age diversity of BOCmembers is fairly productive and mature, ranging from 40 to 68 years old.
Gender There are 3 (three) female BOC members, and two of them serve as an Independent Commissioner
DIVERSITY IN THE COMPOSITION OF THE BOARD OF DIRECTORS
Aspects of diversity in the composition of members of the BOD include, among others:
1. Expertise/Experience/Education, Having at least:
a. 1 (one) member who has expertise/work experience/education in the banking industry or the economy/business;
b. 1 (one) member who has expertise/work experience/education in the risk management;
c. 1 (one) member who has expertise/work experience/education in finance/accounting.
2. Nationality
The majority (more than 50% (fifty percent)) of members of the BOD shall be Indonesian citizens.
3. Gender
Consider the diversity in gender of members of the BOD, at least 1 (one) female or male member.
4. Age
Members of the BOD shall be diverse in age level.
5. Independency
The President Director shall be independent of the Bank’s Controlling Shareholders.
Aspects of Diversity of Members of the Board of Directors
Nationality Consist of:
9 (nine) members of the BOD are Indonesian citizens.
1 (one) member of the BOD is a Malaysian citizen.
Education The educational levels of members of the BOD include Bachelor’s and Post-graduate degrees with various
educational fields such as economics, finance, law, commerce, business, accounting, computer & statistic
science, and others.
Work Experience A diverse work experience, among others:
1. Members of the BOD of national and multi-national financial and non-financial institutions
2. Hold important positions in national and foreign banks, including, Chief of Corporate Banking & Financial
Institution, Chief of Transaction Banking, Chief Risk Officer, Chief Human Resources Officer, Head of
Finance and Planning, Head of Trading & Structuring, Head of Treasury, Head of Financial Institutions
Credit, Consumer Banking Country Head, Head of Network, Chief of Syariah Banking, Operations &
Technology Head, and others.
3. Founder and Senior Partner in a Law Firm.
4. Auditor.
All members of the BOD have working experience in banking.
Independence All members of the BOD have no affiliation with fellow members of the BOD, BOC and the Ultimate and
Controlling Shareholder of the Bank.
Age The age diversity of members of the BOD is fairly productive and mature, ranging from 43 to 66 years old.
Gender There are 3 (three) female members of the BOD out of a total of 10 (ten) members of the BOD, and one of
them serves as a President Director.
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ACHIEVEMENT OF DIVERSITY IN THE COMPOSITION OF THE BOARD OF COMMISSIONERS AND
BOARD OF DIRECTORS
In 2023, the composition of CIMB Niaga’s members of the BOC and BOD met the diversity requirements outlined in the
relevant regulations, which are in line with the Bank’s strategy, vision and mission. This is reflected in the diagrams and
graphs below:
Age of the Board of Commissioners Age of the Board of Directors
(%) (%)
14
29 50
40-49 years old
45-55 years old
50-59 years old
56-65 years old
60-69 years old
57 50
Gender of the Board of Commissioners Gender of the Board of Directors
(%) (%)
43 30
Male Male
Female Female
57 70
Nationality of the Board of Commissioners and the Board Education of the Board of Commissioners & the Board of
of Directors Directors
(person) (person)
9 8
7
6
2
Board of Commissioners Board of Commissioners
1 1
Board of Directors 0 Board of Directors
Indonesian Malaysian Bachelor Post-graduate
Independence of the Board of Commissioners Expertise of the Board of Commissioners & the Board of Directors
(%) (person)
1
1
Business
43 1
7 Risk Management
1 Economy
Non-Independent
Commissioners
Management
Independent Commissioners
Computer Science
57 Medical
Law
5
1
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Nomination and Remuneration Policy
NOMINATION POLICY a. Proposals for the termination and/or
replacement of the Board of Commissioners
MECHANISM OF NOMINATION, APPOINTMENT, members submitted to the RUPS must consider
TERMINATION, REPLACEMENT, AND/OR RESIGNATION recommendations from the Bank’s Nomination
OF MEMBERS OF THE BOARD OF COMMISSIONERS and Remuneration Committee.
In regulating the processes of election, appointment, b. The Board of Commissioners members may be
termination, and/or replacement of members of the terminated at any time based on the decision of
Board of Commissioners, Board of Directors, and the GMS, stating the reasons.
Independent Parties, the Bank has Nomination Policy No. c. The Board of Commissioners members have the
M.04 that governs various aspects as follows: right to resign from their positions by providing
1. Criteria for the Board of Commissioners Members written notice of their intention to the Bank no
Prospective members of the CIMB Niaga Board of later than 90 (ninety) days or 3 (three) months
Commissioners must at least meet requirements that before their resignation becomes effective.
include integrity, competence, and a good reputation, If the written notice is provided less than 90
as stipulated in the prevailing laws and regulations. (ninety) days or 3 (three) months, the effective
2. Procedure for the Election of the Board of resignation date must be approved by the Board
Commissioners Members of Commissioners.
a. The Bank may utilize the service of reputable d. If a position of a member of the Board of
independent third party (search firms) in the Commissioners becomes vacant, resulting
process of selecting candidates for the Board of in the number of members of the Board of
Commissioners. The third party appointed by the Commissioners falling below 3 (three), the GMS
Bank shall assist in the selection process, including: must be held within a maximum of 60 (sixty)
i. Identifying candidates who meet the calendar days after the vacancy to fill the position,
requirements; by observing the prevailing laws and regulations.
ii. Conducting interviews and candidate selection e. If the position of the President Commissioner is
(including background and reference checks); vacant and a replacement has not been appointed
iii. Acting as a liaison between the Board of or has not assumed the position, then one of
Commissioners, Nomination and Remuneration the members of the Board of Commissioners
Committee, and candidates during the selection appointed during a Board of Commissioners
and evaluation process; and meeting, will assume the duties of the President
iv. Providing necessary consultations to the Commissioner, with the same authority and
Nomination and Remuneration Committee. responsibilities.
b. Members of the Board of Directors, Board of
Commissioners, and/or Shareholders of the MECHANISM OF NOMINATION, APPOINTMENT,
Bank may also propose prospective members TERMINATION, REPLACEMENT, AND/OR
for the Board of Commissioners to the Bank. RESIGNATION OF MEMBERS OF THE BOARD OF
Shareholders eligible to propose candidates for DIRECTORS
the Board of Commissioners members are those In regulating the processes of election, appointment,
holding 1 (one) or more shares representing 1/20 termination, and/or replacement of members of the
(one-twentieth) or more of the total voting shares. Board of Commissioners, Board of Directors, and
3. The procedure for the appointment of the Board Independent Parties, CIMB Niaga has Nomination Policy
of Commissioners members includes obtaining No. M.04. The policy governs various aspects as follows:
approval from the General Meeting of Shareholders 1. Criteria for the Board of Directors Members
(GMS) and successfully passing the Fit and Proper Prospective members of the CIMB Niaga Board
Test as per the OJK regulations on Fit and Proper Test of Directors must at least meet the requirements
and Governance Implementation for Commercial and criteria as stipulated in the prevailing laws
Banks. Additionally, the appointee must meet other and regulations, including integrity, competence,
requirements stipulated by relevant authorities reputation, domicile, independence, or other specific
before being formally declared as a Commissioner criteria according to the Director’s field.
4. Procedure for Termination, Replacement, and/or 2. Procedure for the Election of the Board of Directors
Resignation of the Board of Commissioners Members, Members, including:
including:
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a. Internal talents are prioritized to be the candidates The Bank’s remuneration policy is formulated by
of the Bank Director, but other professionals may prioritizing a competitive, fair, and balanced remuneration
also be considered. system based on the prevailing laws and regulations,
b. The Bank may utilize the service of reputable following the provisions of POJK No. 45/POJK.03/2015
independent third party (search firms) in the on the Implementation of Remuneration Provision
process of selecting candidates for the Board of Governance for Commercial Banks, SEOJK No. 40/
Directors. The third party (search firms) appointed SEOJK.03/2016 on the Implementation of Remuneration
by the Bank shall assist in the selection process, Provision Governance for Commercial Banks, and
including: POJK No. 59/POJK.03/2017 on the Implementation
i. Identifying candidates who meet the of Remuneration Provision Governance for Sharia
requirements; Commercial Banks and Sharia Business Units. CIMB Niaga
ii. Conducting interviews and candidate selection also ensures that no individual receives compensation
(including background and reference checks); below the standards set by the government.
iii. Acting as a liaison between the Board
of Commissioners, Nomination and In formulating remuneration policies and benchmarks,
Remuneration Committee, and candidates CIMB Niaga engages the services of an independent
during the selection and evaluation process; external consultant, WTW, to ensure that the Bank’s
and remuneration remains competitive, fair, and balanced.
iv. Providing necessary consultations to the
Nomination and Remuneration Committee. OBJECTIVES AND BACKGROUND
c. Members of the Board of Directors, Board of The remuneration policy implemented by the Bank
Commissioners, and/or Shareholders of the Bank encompasses the entire organizational hierarchy,
may also propose prospective members for the including the Board of Commissioners, the Board of
Board of Directors to the Bank. Shareholders Directors, and all employees, whether mandatory or
eligible to propose candidates for the Board of additional, in line with the prevailing laws and regulations.
Directors members are those holding 1 (one) or The remuneration policy serves the important purpose
more shares representing 1/20 (one-twentieth) or of attracting, motivating, and retaining the best
more of the total voting shares. employees to ensure a high-quality workforce. The
3. Procedure for the Appointment of the Board of policy is also developed with various considerations that
Directors Members, including: include short-term and long-term liquidity needs, capital
The appointment of the Board of Directors members adequacy, financial stability aspects, the effectiveness of
must be approved by the GMS and have passed risk management, and potential future income.
the Fit and Proper Test in accordance with the
OJK regulations, and/or meet other requirements RISK-BASED REMUNERATION POLICY
stipulated by relevant authorities before the effective The Bank’s remuneration strategy involves an evaluation of
declaration of the person as Director. policies focusing on short term & long term performance,
4. Procedure for Termination, Replacement, and/or risk, and empowerment. The Bank implements policies
Resignation of the Board of Directors Members, and procedures for the execution of benefit programs
including: as an integral part of its remuneration strategy by
a. Proposal for the termination and/or replacement considering relevant risk profiles. The main types of
of the Board of Directors members submitted risks in the remuneration policy are adjusted based on
to the GMS must consider recommendations an annual review of the Bank’s risk profile, considering
from the Bank’s Nomination and Remuneration market conditions, industry developments, performance,
Committee. specific position roles, and the Bank’s financial capabilities.
b. The Board of Directors members may be These risk profiles impact the implementation of variable
terminated at any time based on the decision of remuneration.
the GMS with the reasons stated.
c. The Board of Directors members have the right CIMB Niaga’s remuneration policy addresses the following:
to resign from their positions by providing written 1. Prudent principles in risk-based remuneration.
notice of their intention to the Bank no later than 2. Implementation of variable remuneration according
90 (ninety) days or 3 (three) months before their to the provisions of regulators related to remuneration
resignation becomes effective. for Commercial Banks and Sharia Business Units.
REMUNERATION POLICY
CIMB Niaga has consistently implemented the Risk-
Based Remuneration Policy No. A.06.02, which also has
been updated on 15 December 2023 by considering the
content from the most recent regulations.
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PERFORMANCE- AND RISK-BASED REMUNERATION concerning Wage Structure and Scale. Additionally, the
DETERMINATION Bank has implemented a remuneration policy considering
Performance assessment is determined through Key POJK No. 45/POJK.03/2015, POJK No. 59/POJK.03/2017,
Performance Indicators (KPIs) aligned with the Bank’s and SEOJK No. 40/SEOJK.03/2016 on the Implementation
goals and strategies, taking into account aspects of risk, of Remuneration Provision Governance for Commercial
compliance, and good corporate governance. CIMB Niaga Banks and Sharia Business Units.
conducts periodic evaluations and studies in line with
business needs and developments in the banking industry. DETERMINATION OF MATERIAL RISK TAKER
The Bank has also implemented risk-based remuneration Material Risk Taker (MRT) is a position with responsibilities
through the identification of Material Risk Takers (MRT) that significantly influence the Bank’s main risk profile,
and the execution of deferred payment schemes. determined based on annual evaluation of the Bank’s
risk profile.
REVIEW AND INDEPENDENCE IN THE
IMPLEMENTATION OF REMUNERATION POLICY The MRT positions are evaluated annually based on
CIMB Niaga conducts regular reviews of the criteria such as:
remuneration system and employee well-being. To a. Based on level/grade: Senior Management or
ensure independence in remuneration distribution to all Executive Officer employees.
employees, the Bank oversees and reviews performance b. Based on the role of position: Holding a fiduciary
evaluations and remuneration determinations through responsibility or a critical position responsible for
the Nomination and Remuneration Committee. making strategic decisions that can affect the Bank’s
risk profile (credit, market, liquidity, operational, legal,
The review considers factors such as: reputation, strategic, compliance).
1. Performance and financial state of the Bank
2. Employee competence and performance REMUNERATION OF THE BOARD OF
(meritocracy) COMMISSIONERS
3. Market competitiveness in remuneration practices
4. Suitability and appropriateness based on position/ Procedures for Determining Remuneration of the
role Board of Commissioners
5. Internal equity Taking into account the duties, authority, performance,
6. Risk level of the position and responsibilities of the Board of Commissioners,
7. Long-term strategy of the Bank CIMB Niaga formulates the structure, policies, and
amounts of remuneration for each member of the
The Bank periodically reviews and communicates the Board of Commissioners. CIMB Niaga also considers
Wage Structure and Wage Scale (SUSU) in accordance the remuneration prevailing in similar industries (peer
with Minister of Manpower Regulation No. 1 of 2017 groups) and the Bank’s capacity.
Remuneration of the Board
Board of Commissioners GMS
of Commissioners
2 3
The Board of Follow-up by the Board
Commissioners proposes of Directors
to the GMS
1
Nomination and
Remuneration Committee
The Nomination and
Remuneration Committee provides
recommendations and suggestions to
the Board of Commissioners
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Remuneration Policy for the Board of Commissioners
The procedure for determining remuneration of the Board of Commissioners is as follows:
1. The Nomination and Remuneration Committee holds discussions on the remuneration of the Board of
Commissioners, considering information on the range and standards of remuneration within similar industry (peer
group) in the market, as well as the Bank’s capacity;
2. The Nomination and Remuneration Committee provides recommendations to be further discussed during the
Board of Commissioners Meeting;
3. The Board of Commissioners reviews the recommendations from the Nomination and Remuneration Committee
and proposes this remuneration to the GMS; and
4. The GMS determines the remuneration for the Board of Commissioners, which is then implemented according to
the directives set by the Board of Directors.
Remuneration Structure of the Board of Commissioners
Based on the Annual GMS 2023 resolution, the remuneration structure of Board of Commissioners comprises honorarium,
meeting allowance, position allowance, transportation allowance, public holiday allowance, year-end allowance, and
other facilities such as health benefits, communication facilities, and club membership. No member of the Board of
Commissioners, including Independent Commissioners, at CIMB Niaga receives variable remuneration (such as
stocks or bonuses, whether performance-related, non-performance-related, or stock options).
In detail, the remuneration structure and other facilities for the members of the Board of Commissioners of CIMB Niaga
in the last two years are as follows:
1. REMUNERATION PACKAGE AND OTHER RECEIVED FACILITIES
Amount Received in 1 Year by the
Independent Commissioner
Types of Remuneration and Other Facilities
2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
4 11,780 3 8,975
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 4 184 3 93
Total 4 11,965 3 9,068
Since 2022 the Bank has recorded Remuneration in in-kind form
Amount Received in 1 Year by the
Non-Independent Commissioner
Types of Remuneration and Other Facilities
2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
3 7,315 3 7,061
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 1 10 3 9
Total 3 7,325 3 7,071
Since 2022 the Bank has recorded Remuneration in in-kind form
Number of Independent Number of Non-Independent
Remuneration per Person Commissioners Commissioners
2023 2022 2023 2022
Above Rp5 billion - - - -
Between Rp2 billion to Rp5 billion 3 3 2 2
Above Rp1 billion to Rp2 billion 1 - 1 1
Above Rp500 million to Rp1 billion - - - -
Under Rp500 million - - - -
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2. VARIABLE REMUNERATION FOR THE BOARD OF COMMISSIONERS
Amount Received in 1 Year by the Amount Received in 1 Year by the
Independent Commissioner Non-Independent Commissioner
Variable Remuneration *
2023 2022 2023 2022
Person Rp (Million) Person Rp (Million) Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil Nil Nil Nil Nil
*)
Performance and risk-based remuneration (including tantiem/bonus))
REMUNERATION OF THE BOARD OF DIRECTORS
Procedures for Determining Remuneration of the Board of Directors
Taking into account the duties, authority, performance, and responsibilities of the Board of Directors, CIMB Niaga
formulates the structure, policies, and amounts of remuneration for each member of the Board of Directors. CIMB
Niaga also considers the remuneration prevailing in similar industries (peer groups) and the Bank’s capacity.
The Board of
Commissioners
proposes to the GMS
2
5
Remuneration of
Board of Commissioners GMS
the Board of Directors
3
GMS grants authority to the
Board of Commissioners by
1 4 considering recommendations
from the Nomination and
Remuneration Committee
Nomination and
Remuneration Committee
The Nomination and Remuneration
provides recommendations
and suggestions to the Board of
Commissioners
Remuneration Policy of the Board of Directors
The procedure for determining remuneration of the Board of Directors is as follows:
1. The Nomination and Remuneration Committee holds discussions on the remuneration of the Board of Directors,
considering information on the range and standards of remuneration within similar industries (peer groups) in
the market, the Bank’s performance, the performance and risk of each Director against their predetermined KPI
achievements, as well as the Bank’s capacity.
2. The Nomination and Remuneration Committee provides recommendations to be further discussed during the
Board of Commissioners Meeting.
3. The Board of Commissioners reviews the recommendations from the Nomination and Remuneration Committee
and proposes this remuneration to the GMS.
4. The GMS determines the remuneration for the Board of Directors by granting authority to the Board of Commissioners
to determine the remuneration for the Board of Directors, considering recommendations from the Nomination and
Remuneration Committee, which are then implemented according to the directives set by the Board of Directors.
Indicators for Determining Remuneration of Directors
Remuneration is determined based on evaluating the performance of each Director, considering indicators that include
financial performance, risk management implementation, governance and compliance, customer satisfaction, projects,
sustainability in the current financial year. This evaluation also takes into account the national economic conditions and
the Bank’s performance, including financial performance, the health of the Bank, and adherence to risk governance
in accordance with regulatory requirements. A comprehensive breakdown of performance indicators is provided
in the Assessment of the Board of Commissioners and Directors’ Performance in this Annual Report and the Bank’s
Sustainability Report.
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Remuneration Structure of the Board of Directors
Based on the Annual GMS 2023 resolution, the remuneration structure for the Board of Directors comprises honorarium,
transportation allowance, housing allowance, public holiday allowance, year-end allowance, performance bonus, and
other facilities such as health benefits, communication facilities, and club membership. No member of the Board of
Directors receives variable remuneration. Information in detail on the structure of remuneration and other facilities for
members of the Board of Directors of CIMB Niaga during the last two years is as follows:
1. REMUNERATION PACKAGE AND OTHER RECEIVED FACILITIES
Amount Received in 1 Year by the Board of Directors
Types of Remuneration and Other Facilities 2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
10 77,389 10 73,847
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 10 2,726 10 2,962
Total 10 80,115 10 76,809
Since 2022 the Bank has recorded Remuneration in in-kind form
Amount Received in 1 Year by the Board of Directors
Remuneration per Person
2023 2022
Above Rp5 billion 10 10
Between Rp2 billion to Rp5 billion - -
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion - -
Under Rp500 million - -
2. VARIABLE REMUNERATION FOR THE BOARD OF DIRECTORS
Amount Received in 1 Year by the Board of Directors
Variable Remuneration* 2023 2022
Person Rp (Million) Person Rp (Million)
Total 10 77,979 10 59,479
*)
Performance and risk-based remuneration (including tantiem/bonus)).
REMUNERATION OF THE SHARIA SUPERVISORY BOARD
Procedures for Determining Remuneration of the Sharia Supervisory Board
CIMB Niaga formulates the structure, policies, and amounts of remuneration for each member of the Sharia Supervisory
Board by taking into account their duties, authority, performance, and responsibilities. CIMB Niaga also considers the
remuneration prevailing in similar industries (peer groups) and the Bank’s capacity.
Remuneration of the Sharia
Board of Commissioners GMS
Supervisory Board
2 3
The Board of Follow-up by the Board
Commissioners proposes of Directors
to the GMS
1
Nomination and
Remuneration Committee
The Nomination and
Remuneration Committee provides
recommendations and suggestions to
the Board of Commissioners
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Remuneration Policy of the Sharia Supervisory Board
CIMB Niaga sets the procedure for determining remuneration of the Sharia Supervisory Board as follows:
1. The Nomination and Remuneration Committee holds discussions on the remuneration of the Sharia Supervisory
Board, considering information on the range and standards of remuneration within similar industries (peer groups)
in the market and the Bank’s capacity;
2. The Nomination and Remuneration Committee provides recommendations to be further discussed during the
Board of Commissioners Meeting;
3. The Board of Commissioners reviews the recommendations from the Nomination and Remuneration Committee
and proposes this remuneration to the GMS;
4. The GMS determines the remuneration for the Sharia Supervisory Board, which is then implemented according to
the directives set by the Board of Directors.
Remuneration Structure of the Sharia Supervisory Board
Based on the Annual GMS 2023 resolution, the remuneration structure of the Sharia Supervisory Board comprises
honorarium, meeting allowance, public holiday allowance, year-end allowance, and communication facilities. No one
on the Sharia Supervisory Board of CIMB Niaga receives variable remuneration (such as stocks or bonuses, whether
performance-related, non-performance-related, or stock options). Information in detail on the structure of remuneration
and other facilities for members of the Sharia Supervisory Board of CIMB Niaga during the last two years is as follows:
1. REMUNERATION PACKAGE AND OTHER RECEIVED FACILITIES
Amount Received in 1 Year by the Sharia Supervisory Board
Types of Remuneration and Other Facilities 2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other non-monetary
3 2,420 3 1,868
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 3 1 3 12
Total 3 2,421 3 1,880
Since 2022 the Bank has recorded Remuneration in in-kind form
Total Members of the Sharia Supervisory Board
Remuneration per Person
2023 2022
Above Rp5 billion - -
Between Rp2 billion to Rp5 billion - -
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion 3 3
Under Rp500 million - -
2. VARIABLE REMUNERATION FOR THE SHARIA SUPERVISORY BOARD
Amount Received in 1 Year by the Sharia Supervisory Board
Variable Remuneration* 2023 2022
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*)
Performance and risk-based remuneration (including tantiem/bonus))
STOCK OPTIONS HELD BY THE BOARD OF COMMISSIONERS, BOARD OF DIRECTORS, AND EXECUTIVE
OFFICERS
In 2023, there are no stock options of CIMB Niaga held by members of the Board of Commissioners, Board of Directors,
and Executive Officers.
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HIGHEST AND LOWEST SALARY RATIO
Ratio 2023 2022
Highest and lowest salary ratio of the employees 104.28 : 1 100.5 : 1
Highest and lowest salary ratio of the Board of Directors 2.26 : 1 2.33 : 1
Highest and lowest salary ratio of the Board of Commissioners 1.25 : 1 1.25 : 1
Highest salary ratio of the Board of Directors and highest employee 2.39 : 1 2.55 : 1
VARIABLE REMUNERATION FOR EMPLOYEES
Amount Received in 1 Year by the Employees
Variable Remuneration 2023 2022
Person Rp (Million) Person Rp (Million)
Total 7,808 553,307 7,910 419,748
FIXED AND VARIABLE REMUNERATIONS FOR MATERIAL RISK TAKERS (MRT)
A. Fixed Remuneration 2023 2022
1. Cash (Rp Million) 98,134 80,136
2. Stock/stock-based instrument issued by the Bank (shares) - -
2023 2022
B. Variable Remuneration
Not Deferred Deferred Not Deferred Deferred
1. Cash (Rp Million) 80,938 18,120 49,007 14,072
2. Stock/stock-based instrument issued by the Bank (shares) - 10,254 - 8,717
QUANTITATIVE INFORMATION FOR PARTIES CATEGORIZED AS MRT
2023 2022
Total Reduction during Reporting Total Reduction during Reporting
Period Period
Type of Variable Remaining Remaining
Remuneration Deferred Due to Due to Deferred Due to Due to
Amount Explicit Implicit Amount Explicit Implicit
Total (A+B) Total (A+B)
Adjustment Adjustment Adjustment Adjustment
(A) (B) (A) (B)
1. Cash 19,418 1,315 - 1,315 16,451 1,315 - 1,315
(Rp Million)
2. Shares/stock-based 7,747,193 177,170 - Rp 920 6,513,512 907,541 - Rp2,184
instrument issued shares shares shares shares
by the Bank (in (Rp18,355) (Rp920) (Rp14,268) (Rp2,184)
shares and millions
of Rupiah which is
conversion from the
shares)
Total (Rp Million) 37,773 2,235 - 2,235 30,719 3,499 - 3,499
Note: Explicit adjustment was due to malus and cessation of employment (MRT) during the reporting period while the implicit adjustment was caused by
decrease in the share price.
TOTAL SEVERANCE PROVIDED FOR EMPLOYEES AFFECTED BY TERMINATION AND THE TOTAL AMOUNT PAID
Number of Employees
Severance Paid per Employee within 1 (one) Year
2023 2022
Above Rp1 billion - -
Between Rp500 million to Rp1 billion 1 3
Under Rp500 million 25 45
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Affiliate Relationships Among the Board
of Commissioners, Board of Directors and
Controlling Shareholders
The majority of members of the Board of Commissioners and Board of Directors of CIMB Niaga have no affiliation, either
family up to second degree or financial, with fellow members of the Board of Commissioners, Board of Directors, or
Controlling Shareholders. Meanwhile, less than 50% (fifty percent) of members of the Bank’s Board of Commissioners,
namely Non-Independent Commissioners, have affiliation in the form of a financial relationship with the Bank’s
Controlling Shareholders. However, the entire affiliation of members of the Board of Commissioners and Board of
Directors remains in compliance with applicable regulations.
Criteria for affiliation among members of the Board of Commissioners, Board of Directors, and Controlling Shareholders include:
1. Affiliated relationships among members of the Board of Directors and other members of the Board of Directors;
2. Affiliated relationships among members of the Board of Directors and members of the Board of Commissioners;
3. Affiliated relationships among members of the Board of Directors and Ultimate and/or Controlling Shareholders;
4. Affiliated relationships among members of the Board of Commissioners and other members of the Board of
Commissioners; and
5. Affiliated relationships among members of the Board of Commissioners and Ultimate and/or Controlling Shareholders.
BOARD OF COMMISSIONERS
AFFILIATE RELATIONSHIP WITH OTHER MEMBERS OF THE BOARD OF COMMISSIONERS, MEMBERS OF THE
BOARD OF DIRECTORS AND CONTROLLING SHAREHOLDERS
Family Relationship up to the Second
Financial Relationship with
Degree with
Name Position Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Didi Syafruddin Yahya President Commissioners - √ - √ - √ - √ - √ √ -
Glenn M. S. Yusuf Vice President Commissioners - √ - √ - √ - √ - √ - √
(Independent)
Jeffrey Kairupan Independent Commissioners - √ - √ - √ - √ - √ - √
Sri Widowati Independent Commissioners - √ - √ - √ - √ - √ - √
Dato’ Abdul Rahman Commissioners - √ - √ - √ - √ - √ √ -
Ahmad
Vera Handajani Commissioners - √ - √ - √ - √ - √ √ -
Farina J. Situmorang*) Independent Commissioners - √ - √ - √ - √ - √ - √
*)
Appointed as Independent Commissioner at the AGMS 10 April 2023 and effective as of 25 January 2024
BOARD OF DIRECTORS
AFFILIATE RELATIONSHIP WITH OTHER MEMBERS OF THE BOARD OF DIRECTORS, MEMBERS OF THE BOARD
OF COMMISSIONERS AND CONTROLLING SHAREHOLDERS
Family Relationship up to the Second
Financial Relationship with
Degree with
Name Position Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Lani Darmawan President Director - √ - √ - √ - √ - √ - √
Lee Kai Kwong Strategy, Finance & SPAPM - √ - √ - √ - √ - √ - √
Director
John Simon Treasury & Capital Market - √ - √ - √ - √ - √ - √
Director
Fransiska Oei Compliance, Corporate Affairs & - √ - √ - √ - √ - √ - √
Legal Director
Pandji P. Djajanegara Sharia Banking Director - √ - √ - √ - √ - √ - √
Tjioe Mei Tjuen Operation & Information - √ - √ - √ - √ - √ - √
Technology Director
Henky Sulistyo Risk Management Director - √ - √ - √ - √ - √ - √
Joni Raini Human Resource Director - √ - √ - √ - √ - √ - √
Rusly Johannes Banking Business Director - √ - √ - √ - √ - √ - √
Noviady Wahyudi Consumer Banking Director - √ - √ - √ - √ - √ - √
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Committees at the
Board of Commissioners Level
In performing its duties and responsibilities to supervise the Bank, the Board of Commissioners (BOC) is assisted
by Committees at the Board of Commissioners level. The Committees carry out their duties and responsibilities in
accordance with the Committee’s Charter, which are periodically prepared and reviewed based on Indonesian
regulations and best practices in Corporate Governance implementation.
The Committees at the Board of Commissioners level are chaired by an Independent Commissioner who has no
financial, management, share ownership, or familial relationships with other members of the Board of Commissioners,
the Board of Directors, or the Controlling Shareholder, or any other relationship with the Bank that could jeopardize
affect their independence. Committees under the Board of Commissioners consist of Audit Committee, Risk Oversight
Committee, Nomination and Remuneration Committee, and Integrated Governance Committee.
AUDIT COMMITTEE
The Audit Committee was formed to assist the Board AUDIT COMMITTEE CHARTER
of Commissioners in reviewing and clarifying financial In carrying out its duties and responsibilities, the Audit
information, selecting, appointing, and supervising Committee adheres to the Audit Committee Charter,
the work of independent auditors, and assessing the which is periodically reviewed and updated to align with
effectiveness of internal audit functions and controls. The the prevailing regulations and the Bank’s needs. The
Audit Committee also monitors the Bank’s compliance Audit Committee Charter was most recently updated on
with applicable regulations and laws. 26 June 2023, and has been uploaded to the CIMB Niaga
website. The Audit Committee Charter governs several
LEGAL BASIS aspects, including:
The Audit Committee was established based on the 1. Objectives
following regulations: 2. Composition, structure, term of office, and
1. Otoritas Jasa Keuangan (OJK) Regulations and OJK membership
Circulars Letters concerning the Implementation 3. Membership requirements
of Corporate Governance for Commercial Banks, 4. Duties and responsibilities
Establishment and Guidelines for the Operation of 5. Authority
the Audit Committee, Implementation of the Internal 6. Procedures, protocols, and conduct of meetings
Audit Function in Commercial Banks, the Board 7. Reporting
of Directors and the Board of Commissioners of 8. Handling of complaints or reports in connection with
Issuers or Public Companies, Information Technology suspected violations related to financial reports
Management by Commercial Banks, Implementation 9. Work ethics and working hours
of Compliance Functions in Commercial Banks,
Use of Public Accountants Services and Public TERM OF OFFICE
Accounting Firms in Financial Activities, and Affiliation Audit Committee members appointed during their Board
Transactions and Specific Conflict of Interest of Commissioners term shall end at the end of the current
Transactions. Board of Commissioners’ term. According to POJK No.
2. Articles of Association of CIMB Niaga concerning the 17 of 2023 and the Audit Committee Charter, the Audit
Board of Commissioners’ duties and authorities. Committee’s term shall not exceed the term of office of
3. International Professional Practices Framework from the Board of Commissioners, and may be re-elected for 1
The Institute of Internal Auditors. (one) subsequent term.
4. CIMB Niaga’s Corporate Policy Manual
5. ASEAN Corporate Governance Scorecard.
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AUDIT COMMITTEE MEMBERSHIP, STRUCTURE, AND COMPOSITION
The number, structure, membership composition, as well as independence of all Audit Committee members have all
been in accordance with the Audit Committee Charter regulations. In 2023, CIMB Niaga’s Audit Committee consist of
5 (five) members, including 2 (two) Independent Commissioners and 3 (three) Independent Parties with the following
expertise and qualifications in accounting and banking finance:
COMPOSITION OF AUDIT COMMITTEE IN 2023
No Name Position in Bank Position in Committee Term of Office
1 Jeffrey Kairupan Independent Commissioner Chairman 2020 - 2024
2 Glenn M. S. Yusuf Vice President Commissioner (Independent) Member 2022 - 2024
3 Endang Kussulanjari S. Independent Party Member 2020 - 2024
4 Angelique Dewi Daryanto Independent Party Member 2022 - 2025
5 Riatu Mariatul Qibthiyyah Independent Party Member 2023 - 2024
PROFILE OF AUDIT COMMITTEE MEMBERS
Initially appointed as Chairman on 1 January 2019, reappointed on 9 April 2020 for the same position, and
concurrently serves as Chairman of the Integrated Governance Committee and Member of the Risk Oversight
Committee.
He is currently also serves as Independent Commissioner.
His complete profile is presented in the Profile of the Board of Commissioners.
Jeffrey Legal Basis for Appointment as Chairman of Audit Committee
Kairupan Circular Resolution of the Board of Directors No. 003/SIR/DIR/IV/2020 dated 20 April 2020.
Chairman of Audit Committee
Initially appointed as Member of Audit Committee on 21 October 2022, concurrently serves as Chairman of
the Risk Oversight Committee and Member of Nomination and Remuneration Committee.
He is currently also serves as Vice President Commissioner of the Bank (Independent).
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis for Appointment as Member of Audit Committee
Glenn Circular Resolution of the Board of Directors No. 005/SIR/DIR/X/2022 dated 21 October 2022.
M. S. Yusuf
Member of Audit Committee
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Appointed as Member of Audit Committee effective since 9 April 2020, and concurrently serves as Member of
Integrated Governance Committee.
Educational History Other Position
Master of Arts, University of Colorado -
Boulder, Colorado – USA (1987)
Bachelor of Economy, Universitas Gadjah Shares Ownership
Mada, Yogyakarta, Indonesia (1981) N/A
Endang
Work History Affiliation
Kussulanjari S.
Commissioner in PT Pefindo Biro Kredit No affiliation with other members of the
(2016–August 2022) Committee, members of the Board of
Deputy Commissioner of Internal Audit, Risk Commissioners, members of the Board of
Management, and Quality Control (AIMRPK) Directors, and Ultimate or Controlling Shareholders.
Member of Audit Committee
of Financial Services Authority (2015–2016)
Deputy Commissioner of DKB2, Financial Certification
Age/Gender Services Authority (OJK) - Banking
Supervision Division (2014–2015) Level 5 Risk Management Certification
67/Female Assistant Governor of Bank Indonesia Legal Basis for Appointment as Member of Audit
-Banking Supervision Division (May– Committee
Nationality
December 2013)
Indonesia From 1998 to 2013, she held various senior Circular Resolution of the Board of Directors No.
positions at Bank Indonesia, including 003/SIR/DIR/IV/2020 dated 20 April 2020.
Domicile Head of Bank Supervision Section, Deputy
Director of Banking Supervision 1, Deputy
Jakarta Director of Banking Examination 1, Deputy
Director of Banking Supervision 3, Head
of the Bank Indonesia Yogyakarta Office,
Senior Principal Researcher of DPNP, and
Head of Banking Supervision Department
2. She is responsible for overseeing all bank
activities, including finance and accounting,
credit, risk management, governance, and
internally ensuring the quality control of
bank supervision.
Appointed as Member of Audit Committee effective since 21 October 2022, and concurrently serves as
Member of Integrated Governance Committee.
Educational History Other Position
Bachelor of Economy in Accounting, Universitas Member of Audit Committee in PT Honest
Trisakti, Indonesia Financial Technologies (2022–present)
Member of Audit Committee in PT Asuransi
Work History Allianz Life Syariah Indonesia (2023–present)
Angelique Worked at PricewaterhouseCoopers (PwC) Shares Ownership
Dewi Daryanto Indonesia for over 27 years (1994–2021) and
served as a Partner at PwC Indonesia in the N/A
Assurance Division – Financial Services Group
for the last 15 years (2006–2021) Affiliation
Member of Audit Committee Previously appointed as the Public No affiliation with other members of the
Accountant responsible for auditing the Committee, members of the Board of
Financial Statement of CIMB Niaga (2017– Commissioners, members of the Board of
Age/Gender 2019) Directors, and Ultimate or Controlling Shareholders.
52/Female Certification
Nationality Certified Public Accountant (CPA) & Chartered
Accountant (CA) Indonesia
Indonesia
Legal Basis for Appointment as Member of Audit
Domicile Committee
Jakarta Circular Decision of the Board of Directors No. 005/
SIR/DIR/X/2022 dated 21 October 2022
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Appointed as Member of Audit Committee effective since 20 January 2023.
Educational History Other Position
Doctor of Philosophy (PhD) in Economy from Head of the Institute for Economic and Social
Georgia State University, Andrew Young Research, Faculty of Economics and Business
School of Policy Studies, Atlanta, GA (2008) (LPEM FEB), Universitas Indonesia (2016–2022).
Master of Arts in Economy from Georgia Lecturer at the Faculty of Economics and
State University, Andrew Young School of Business, Universitas Indonesia (2008–present).
Riatu Mariatul Policy Studies, Atlanta, GA (2008)
Bachelor of Economic Science from Shares Ownership
Qibthiyyah Universitas Indonesia, Depok, Indonesia N/A
(1999)
Affiliation
Work History
Member of Audit Committee Deputy Head of Research at the Institute No affiliation with other members of the
for Economic and Social Research, Faculty Committee, members of the Board of
of Economics and Business (LPEM FEB UI), Commissioners, members of the Board of
Age/Gender Directors, and Ultimate or Controlling Shareholders.
Universitas Indonesia (2014–2016).
46/Female Head of the Bachelor of Economics Program, Certification
Department of Economics, Faculty of
Nationality Economics, Universitas Indonesia (2009– -
2013).
Indonesia Legal Basis for Appointment as Member of Audit
Committee
Domicile
Circular Resolution of the Board of Directors No.
Jakarta
001/SIR/DIR/I/2023 dated 20 January 2023
TRAINING FOR MEMBERS OF AUDIT COMMITTEE
Data on the training of members of the Audit Committee in 2023 is presented in the Company Profile Chapter of this
Annual Report.
INDEPENDENCE STATEMENT OF THE AUDIT COMMITTEE
All members of the CIMB Niaga Audit Committee, which includes 1 (one) Chairman who also serves as an Independent
Commissioner, 1 (one) member who is an Independent Commissioner, and 3 (three) non-Commissioner members as
Independent Parties, are entirely independent.
INDEPENDENCE TABLE OF AUDIT COMMITTEE MEMBERS AS OF DECEMBER 2023
Angelique Riatu
Jeffrey Glenn M. S. Endang
Independence Criteria Dewi Mariatul
Kairupan Yusuf Kussulanjari S.
Daryanto Qibthiyyah
Has no financial relationships with the Board of Yes Yes Yes Yes Yes
Commissioners and Directors
Has no management relationship with the Bank, its Yes Yes Yes Yes Yes
subsidiaries, or the Bank’s affiliated companies
Has no shareholding relationship with the Bank Yes Yes Yes Yes Yes
Has no family relationship up to second degree with the Yes Yes Yes Yes Yes
Board of Commissioners, the Board of Directors, and/or
fellow members of the Audit Committee
Does not serve as an official of a political party, government Yes Yes Yes Yes Yes
official, or government employee.
DUTIES, RESPONSIBILITIES, AND AUTHORITY
The duties and responsibilities of the Audit Committee are as follows:
1. Reviewing financial information to be disclosed by CIMB Niaga to the public and/or authorities, including financial
statements, projections, and other reports related to the Bank’s financial information, including evaluating the
conformity of financial statements with applicable accounting standards.
2. Reviewing compliance with laws and regulations related to the Bank’s activities.
3. Providing independent opinions in case of disagreements between management and the accountant regarding the
services provided.
4. Assisting the Board of Commissioners in actively supervising the activities of external auditors by:
a. Providing recommendations to the Board of Commissioners on the appointment and/or replacement of Public
Accountant based on, but not limited to, independence, scope of assignment, cost, expertise, and methods used.
b. Discussing the audit plan, including the nature and scope of the audit.
c. Reviewing the adequacy of examinations by the Public Accounting Firm, considering all significant risks.
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d. Monitoring and evaluating the implementation of k. Ensuring that Internal Audit Unit works
the annual audit services for historical financial independently.
information by the Public Accountant and/or l. Providing recommendations to the Board of
Public Accounting Firm, including its compliance Commissioners regarding the overall annual
with applicable accounting standards, adequacy remuneration and performance awards for
of fieldwork, sufficiency of sampling tests, and Internal Audit Unit.
recommendations for improvements. m. Ensuring that Internal Audit Unit upholds integrity
e. Ensuring coordination if more than one Public in carrying out its duties.
Accountant is assigned. n. Assisting the Board of Commissioners in ensuring
5. In relation to the functional accountability of Internal that internal audit at subsidiary companies is
Audit to the Audit Committee, the Audit Committee is conducted based on audit standards applicable
responsible for the following: to the Bank.
a. Providing recommendations to the Board of o. Reviewing audit report and ensuring that the
Commissioners concerning the appointment, Board of Directors takes prompt corrective action
dismissal, and performance assessment of the to address control weaknesses, fraud, compliance
Chief Audit Executive. issues with policies, laws, and regulations, or other
b. Reviewing, monitoring, and evaluating audit issues identified and reported by Internal Audit
plans and the effectiveness of audit execution, Unit, external auditors, and any recommendations
as well as monitoring follow-up on audit results from the regulator.
(related to both information technology and non- 6. Reviewing and reporting to the Board of
information technology) to assess the adequacy Commissioners on complaints related to the Bank’s
of internal controls, including the sufficiency of accounting and financial reporting processes,
financial reporting processes. including in cases where there are allegations of errors
c. Assisting the Board of Commissioners in ensuring in the decisions of Board meetings or deviations in the
that the Board of Directors develops and implementation of the results of Board decisions. If
maintains an adequate, effective, and efficient necessary, the Committee can conduct examinations
internal control system. either independently or by assigning a third party.
d. Assisting the Board of Commissioners in reviewing Such report must be submitted to the Board of
the effectiveness and efficiency of the internal Commissioners no later than 2 (two) working days
control system based on information obtained after the completion of the report.
from Internal Audit Unit at least once a year. 7. Reviewing and providing advice and recommendations
e. Providing recommendations to the Board of to the Board of Commissioners regarding plans for
Commissioners regarding the preparation of the material related party transactions and potential
Internal Audit Unit plan, scope, and budget. conflicts of interest presented by the Management to
f. Signing special reports on any Internal Audit the Audit Committee.
findings that could be detrimental to the 8. Assisting the Board of Commissioners in actively
Bank’s business continuity, and reports on the supervising the compliance function by:
implementation and key findings of Internal a. Evaluating the implementation of the Bank’s
Audit, which will be submitted to the OJK. Compliance Function against internal regulations
g. Providing recommendations to the Board of and regulations related to the Bank’s activities at
Commissioners for the approval of the Internal least twice a year.
Audit Charter. b. Providing advice to improve the quality of the
h. Providing recommendations to the Board of implementation of the Bank’s Compliance
Commissioners for the appointment of an Function.
independent quality control reviewer from an 9. Assisting the Board of Commissioners in actively
external party to conduct a review of Internal supervising the implementation of the Anti-fraud
Audit Unit’s performance. strategy by reviewing the Anti-fraud Strategy
i. Ensuring that the Internal Audit Unit Implementation Report submitted by the Anti-Fraud
communicates with the Board of Directors, the Management unit.
Board of Commissioners, Sharia Supervisory 10. Maintaining the confidentiality of the Bank’s
Board, the external auditors, and the Financial documents, data, and information.
Services Authority. 11. Committee members conduct a collective
j. Ensuring that the head of Internal Audit Unit is performance assessment of the Audit Committee,
responsible for communicating audit findings as well as individual assessments of each member
related to the implementation of Sharia principles and the Committee Chairman, with the criteria and
to the Board of Directors and the Board of assessment processes as set out in the attachment
Commissioners, with a copy to the Director to the Nomination and Remuneration Committee
overseeing compliance functions, as well as Charter.
reporting to the Sharia Supervisory Board.
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12. The Chairman of the Audit Committee is responsible 3. Involve independent parties outside the Audit
for coordinating all Audit Committee activities to Committee as needed to assist in the performance of
fulfill the Committee’s objectives in line with its its duties (if necessary).
establishment, including being responsible for the 4. Exercise other authorities granted by the Board of
following: Commissioners.
a. Determining annual work plan;
b. Scheduling annual meeting; MEETINGS AND ATTENDANCE OF AUDIT
c. Preparing periodic reports on the Committee’s COMMITTEE
activities and matters deemed necessary to bring The preparation of the Audit Committee Meeting refers
to the attention of the Board of Commissioners; to the Audit Committee Charter and POJK 17 of 2023,
d. Conducting a Self-Assessment toward the which stipulate that meetings have to be conducted at
effectiveness of the Audit Committee’s activities; least once a month. The Audit Committee is required to
e. Appointing member of Audit Committee from conduct meetings attended physically at least twice a
outside the Board of Commissioners or appointing year. A meeting can only be held if attended by at least
other third party as the Committee’s secretary to 51% (fifty-one percent) of the total members, including
record committee meetings and prepare Meeting Independent Commissioners and Independent Parties. In
Minutes. line with the implementation of HyWork (Hybrid Working,
13. Assisting the Board of Commissioners in ensuring Happy Working) at the Bank, Audit Committee meetings
that the Board of Directors implements sustainability in the year 2023 will be conducted physically, virtually, or
at the Bank. in a hybrid format (both physical and virtual).
The Audit Committee is authorized to: In 2023, the Audit Committee convened 13 (thirteen)
1. Access necessary documents, data, and information regular meetings and 1 (one) special joint meeting with
about the Bank, its employees, funds, assets, and the Audit Committees of CIMB Group Holdings Berhad
resources. (CIMBGH) and CIMB Banking Group (CIMBG). The meeting
2. Communicate directly with Bank employees, agenda included discussions about approving previous
including Directors and/or Senior Executives/Officers, meeting minutes, following up on previous meetings’
and individuals responsible for internal audit, risk actions, and other issues that needed to be addressed.
management, and accountants related to the Audit
Committee’s duties and responsibilities.
TABLE OF MEMBER ATTENDANCE IN THE AUDIT COMMITTEE MEETINGS FOR JANUARY – DECEMBER 2023
Attendance in
Physical Telepresence Average
Name Audit Committee Attendance Rate
Attendance Attendance Attendance Rate
Meetings
Jeffrey Kairupan 14 11 3 100%
Glenn M. S. Yusuf 13 9 4 93%
Endang Kussulanjari S. 14 10 4 100% 99%
Angelique Dewi Daryanto 14 10 4 100%
Riatu Mariatul Qibthiyyah 14 10 4 100%
AUDIT COMMITTEE MEETING AGENDA
Throughout 2023, the Audit Committee meetings discussed the following agenda:
1. Meeting with the Finance Director and executive officers to:
a. Review financial statements, including presentation and disclosure, accounting treatment, and policies in
compliance with generally applicable accounting principles.
b. Review financial performance and adequacy of public financial reporting to authorities.
c. Provide recommendations to the Board of Commissioners regarding the appointment of Public Accountant and/
or Public Accounting Firm.
d. Discuss recommendations and progress of follow-up actions from external auditor’s audit findings.
e. Discuss asset quality related to credit quality.
2. Meeting with Chief Audit Executive to:
a. Discuss audit plans, scope, and audit findings, follow-up on audit recommendation progress, and the adequacy
of the internal control system.
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b. Discuss the performance of Internal Audit, AUDIT COMMITTEE STATEMENT ON THE
including the process and results of the Quality ADEQUACY OF INTERNAL CONTROL SYSTEM
Assurance Review. AND RISK MANAGEMENT SYSTEM
3. Meeting with Compliance Director to: Throughout 2023, the Audit Committee carried out
a. Discuss recommendations and progress of follow- its duties and responsibilities, including conducting a
up actions from the audit findings of Financial thorough evaluation of critical aspects of the Bank’s
Services Authority and Bank Indonesia. management pertaining to the internal control system
b. Discuss compliance risk and penalties to Bank and risk management system. The Audit Committee also
Indonesia. Additionally, discuss learnings from observes and declares that CIMB Niaga’s internal control
existing cases. and risk management systems have been effective,
c. Discuss new regulations and their impact on the sufficient, and capable of managing risks and business
Bank. opportunities to assist the bank in meeting its business
d. Discuss the implementation of the Bank’s objectives without jeopardizing financial performance,
Sustainability program. compliance, or reputation.
4. Meeting with the Anti-Fraud Management (AFM)
unit to discuss the implementation of the anti- According to the Audit Committee, CIMB Niaga has a
fraud strategy through four interconnected pillars: sound internal control and risk management system in
prevention, detection, investigation, and reporting & place, which includes tools for anticipating and managing
monitoring. risks, taking into account changes in the risk profile
5. Meeting with the Anti-Money Laundering (AML) unit caused by changes in business strategy, external factors,
to discuss AML activities and programs. and regulatory requirements. This is also evident in the
6. Meeting with public accountants to discuss audit plans, effectiveness of internal control and risk management
audit scope, audit findings, audit recommendations, functions such as internal audit, compliance, financial
and management letters that have been submitted. control, and operational control.
7. Meeting with the Director and related units to obtain
up-to-date information on Information Technology, WORK PLAN IN 2024
including IT security and cybersecurity, IT governance, The Audit Committee has outlined a work plan for the
and data governance. following period with strategic priorities, including the
8. Meeting with the Director and related units to following:
obtain up-to-date information on Economy & Market 1. Conducting a review of the accountability and
Outlook, ensuring the adequacy of internal control transparency of financial statements.
systems, including in the management of Non- 2. Examining the quality of assets, challenges in
Performing Loans (NPL) and Sharia Banking, as well balancing loan growth and credit quality, and ongoing
as the status of important projects in 2023. macroeconomic volatility.
3. Assessing the robustness of compliance and control
REPORT ON THE AUDIT COMMITTEE structures of the Bank (including Environmental,
DUTIES IMPLEMENTATION IN 2023 Social, and Governance).
Throughout 2023, the report on the implementation of 4. Evaluating the effectiveness of fraud prevention,
the Audit Committee’s duties, including activities and detection, and investigation.
resulting recommendations, is as follows: 5. Reviewing cybersecurity and resilience, as well as
1. Conducted a review of the accountability and data governance and protection.
transparency of financial statements. 6. Control aspects related to business growth and
2. Conducted a review of the quality of assets as an strategy.
impact of macroeconomic volatility.
3. Conducted a review of the resilience of the Bank’s
compliance and control structure (including
Sustainable Finance).
4. Conducted a review of the effectiveness of fraud
prevention, detection, and investigation.
5. Conducted a review of data governance and
information technology, data protection, and
cybersecurity.
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REMUNERATION OF AUDIT COMMITTEE MEMBERS
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received in 1 Year by Audit Committee Members
Type of Remuneration and other Facilities 2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary
5 11,277 5 6,689
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 2 97 2 90
Total 5 11,374 5 6,780
- Including Committee Member who has just served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Audit Committee Members
Remuneration per Person
2023 2022
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion 2 1
Above Rp1 billion to Rp2 billion 3 2
Above Rp500 million to Rp1 billion - 1
Below Rp500 million - 1
Including Committee Member who has just started served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR AUDIT COMMITTEE MEMBERS
Amount Received in 1 Year by Audit Committee Members
Variable Remuneration* 2023 2022
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*)
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Audit Committee of CIMB Niaga received any variable remuneration (share or bonus, both
performance based and non-performance based, as well as stock option).
Jeffrey Kairupan
Chairman of Audit Committee
Glenn M. S. Yusuf Endang Kussulanjari S.
Member of Audit Committee Member of Audit Committee
Angelique Dewi Daryanto Riatu Mariatul Qibthiyyah
Member of Audit Committee Member of Audit Committee
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RISK OVERSIGHT COMMITTEE
The Risk Oversight Committee (ROC) was formed The ROC Charter consists of the following:
and is accountable to the Board of Commissioners 1. Objectives
for assisting the Board of Commissioners in carrying 2. Membership (Composition, Membership
out its duties and responsibilities in supervising the Requirements, Independence, Term of Office)
implementation of risk management, as well as ensuring 3. Duties and responsibilities
that the Bank’s risk management continues to meet the 4. Meeting Procedures
elements of adequate risk management procedures and 5. Reporting
methodology. As a result, ROC is expected to maintain
acceptable control over the Bank’s business activities TERM OF OFFICE
while remaining profitable. The terms of office of ROC members appointed during the
on-going period of the Board of Commissioners’ terms
LEGAL BASIS will expire concurrently. The ROC’s term of office cannot
The establishment of the ROC is based on the following be longer than that of the Board of Commissioners, as
regulations: specified in the Articles of Association and ROC Charter,
1. OJK Regulations and Circular Letters concerning Good and they may be re-appointed.
Corporate Governance for Commercial Banks.
2. The Bank’s Articles of Association. RISK OVERSIGHT COMMITTEE MEMBERSHIP,
3. Corporate Policy Manual of CIMB Niaga. STRUCTURE, AND COMPOSITION
As of 31 December 2023, there was 1 (one) Independent
RISK OVERSIGHT COMMITTEE CHARTER Commissioner of the Bank who had been appointed
CIMB Niaga’s ROC has adopted a charter that governs as a KIPER member but was still in the Fit and Proper
its membership, structure, authority, duties and Test process. The ROC members who had been
responsibilities, meetings, activities, and ROC work effectively appointed by the Board of Directors appoints
procedures for carrying out its duties. The ROC Charter ROC members with the approval of the Board of
is periodically reviewed to ensure that it complies with Commissioners, based on recommendations from the
applicable regulations and the Bank’s needs. The ROC Nomination and Remuneration Committee as of 31
Charter was most recently updated on 8 June 2023, and December 2023 had 6 (six) members, including 2 (two)
has been posted on the Bank’s website. Independent Commissioners, 2 (two) Commissioners,
and 2 (two) Independent Parties with expertise and
qualifications in finance and risk management, as follows:
COMPOSITION OF MEMBERS OF THE RISK OVERSIGHT COMMITTEE IN 2023
No. Name Position in Bank Position on Committee Term of Office
1 Glenn M. S. Yusuf Vice President Commissioner Chairman 2020-2024
(Independent)
2 Didi Syafruddin Yahya President Commissioner Member 2023-2026
3 Jeffrey Kairupan Independent Commissioner Member 2022-2024
4 Vera Handajani Commissioner Member 2021-2025
5 Sri Indrastuti S. Hadiputranto Independent Party Member 2020-2024
6 Ronald T. A. Kasim Independent Party Member 2023-2024
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PROFILE OF RISK OVERSIGHT COMMITTEE MEMBERS
Appointed as Chairman of the ROC effective 6 October 2020, having previously been a Member of ROC
as of 16 September 2020, and concurrently serving as Member of the Nomination and Remuneration
Committee (NRC) and Member of the Audit Committee.
He is currently also serves as Vice President Commissioner (Independent).
His complete profile is presented in the Board of Commissioners Profile.
Glenn Legal Basis of Appointment as Chairman of the ROC
Circular Resolution of the Board of Directors No. 008/SIR/DIR/X/2020 dated 6 October 2020.
M. S. Yusuf
Chairman of Risk Oversight
Committee
Appointed as Member of the ROC effective 26 November 2019 and reappointed to the same position
effective 10 April 2023, in which concurrently serving as Member of the Nomination and Remuneration
Committee (NRC).
He is currently also serves as President Commissioner
His complete profile is presented in the Board of Commissioners Profile.
Didi Syafruddin Legal Basis of Appointment as Member of the ROC
Circular Resolution of the Board of Directors No. 014/DEKOM/KP/VIII/2023 dated 9 August 2023.
Yahya
Member of Risk Oversight
Committee
Appointed as Member of the ROC effective 21 October 2022, and concurrently serving as Chairman of the
Audit Committee and Chairman of the Integrated Governance Committee.
He is currently also serves as Independent Commissioner
His complete profile is presented in the Board of Commissioners Profile.
Legal Basis of Appointment as Member of the ROC
Jeffrey Circular Resolution of the Board of Directors No. 005/SIR/DIR/X/2022 dated 21 October 2022.
Kairupan
Member of Risk Oversight
Committee
Appointed as Member of the ROC effective 25 January 2022
She is currently also serves as Commissioner.
Her complete profile is presented in the Board of Commissioners Profile
Legal Basis of Appointment as Member of the ROC
Circular Resolution of the Board of Directors No. 001/SIR/DIR/I/2022 dated 25 January 2022.
Vera
Handajani
Member of Risk Oversight
Committee
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Appointed as Member of the ROC since July 2016, and re-appointed on 9 April 2020.
Educational Background Other Position
President Commissioner of PT Mitra
Bachelor of Law from the University of
Adiperkasa Tbk (2020-present)
Indonesia, Depok, Indonesia (1970)
President Director of PT Bali Turtle Island Island
Master of Laws from the University of Development, master developer of a Kura Kura
Washington, USA (1981) Bali Special Economic Zone (2021-present)
Independent Commissioner of PT Astra
Sri Indrastuti S. Work Experience International Tbk (2018-present)
Member of the Audit Committee of PT Astra
Hadiputranto Founding Partner of Hadiputranto, Hadinoto
International Tbk (2020 – present)
& Partners, one of the largest Law Firm
in Indonesia, a member of the Baker & Senior Advisor of Gajah Tunggal Group (2016 –
McKenzie International Law Firm. Became present)
an International Partner since 1989 – 2016 Senior Advisor PT Morgan Stanley Indonesia
Member of Risk Oversight (retired). (2016-present)
Committee Member of the Board of Commissioners of Shares Ownership
the Indonesia Stock Exchange (2001-2004)
Age/Gender and Member of the Discipline Committee for Nil
Members of the Indonesia Stock Exchange
80/Female (2009-2013) Affiliate Relationship
Nationality Has no affiliation with fellow Committee members,
members of the Board of Commissioners, Board
Indonesia of Directors, or the Ultimate and Controlling
Shareholders.
Domicile
Certification
Jakarta
-
Legal Basis of Appointment as the ROC Member
Circular Resolution of the Board of Directors No.
003/SIR/DIR/IV/2020 dated 20 April 2020.
Appointed as Member of the ROC since 20 January 2023
Educational Background Concurrent Position
President Commissioner at PT Kredit
Doctor of Philosophy (PhD) in Innovation Biro Indonesia Jaya – Jakarta, Indonesia
Leadership and Policy from Gadjah Mada (2022-present)
University – Yogyakarta, Indonesia (2019) Independent Commissioner at PT Atome
Master of Business Administration (MBA) Finance Indonesia – Jakarta, Indonesia
Ronald T. A. – Business Administration & Management (2022-present)
from Creighton University-Omaha, Nebraska,
Shares Ownership
Kasim USA (1994)
Bachelor of Science in Business Nil
Administration, majoring in Finance (BSBA)
from Creighton University – Omaha, Affiliate Relationship
Nebraska, USA (1992) Has no affiliation with fellow Committee members,
Member of Risk Oversight
Committee Work Experience members of the Board of Commissioners, Board
President Commissioner at PT Bangun Percaya of Directors, or the Ultimate and Controlling
Sosial – Jakarta, Indonesia (2022-2023) Shareholders.
Age/Gender
Chief Advisor at PT Advance Intelligence Certification
Indonesia – Jakarta, Indonesia (2019-2023)
56/Male Country Director at PT Trusting Social Indonesia Chartered Financial Analyst (CFA)
– Jakarta, Indonesia (2017-2020) Level 4 Risk Management Certification
Nationality
Director at PT Trust Teknologi Finansial (TrustIQ) Legal Basis of Appointment as the ROC Member
– Jakarta, Indonesia (2018-2019) Circular Resolution of the Board of Directors No.
Indonesia
President Director at PT Pefindo Biro Kredit 001/SIR/DIR/I/2023 dated 20 January 2023
Domicile (PBK) – Jakarta, Indonesia (2015-2017)
President Director at PT Pemeringkat Efek
Jakarta Indonesia (PEFINDO) – Jakarta, Indonesia (2010-
2015)
Senior Vice President – Strategic Information
Management at PT Permata Bank Tbk – Jakarta,
Indonesia (2009-2010)
Project Manager – Risk Management Products
at Fermat (a business unit of Moody’s Investors
Service) – Paris, Dubai, Singapore (2007-2009)
Senior Risk Management Consultant – Banking
Risk Product at IPS-Sendero (a business unit of
Fiserv, Inc.) – Scottsdale, AZ, USA (2004-2007)
Finance Officer and Head of Financial Strategic
Group (including responsibility for accounting)
at First National Capital Markets, Inc. – Omaha,
NE, USA (2001 – 2004)
Lead Financial Analyst of Asset-Liability
Management Group at First National Bank of
Omaha – Omaha, NE, USA (1999 – 2001)
Head of Financial Institution Ratings Division
at PT Pemeringkat Efek Indonesia (PEFINDO) –
Jakarta, Indonesia (1994 – 1998)
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TRAINING FOR MEMBERS OF DUTIES, RESPONSIBILITIES, AND AUTHORITY
RISK OVERSIGHT COMMITTEE In order to support the effective implementation of the
Information concerning the training programs attended Board of Commissioners’ duties and responsibilities
by members of the ROC in 2023 is presented in the regarding risk management, CIMB Niaga ROC has the
Company Profile Chapter of this Annual Report. main duties, responsibilities, and authority to provide
recommendations in relation to:
INDEPENDENCE STATEMENT OF 1. Evaluate the suitability of risk management policies
THE RISK OVERSIGHT COMMITTEE to the implementation of related policies; and
CIMB Niaga ROC always performs its duties, 2. Monitor and evaluate the implementation of duties
responsibilities, and authority professionally and of the Risk Management Committee and Risk
independently, without interference from any party who Management Work Unit
is not in compliance with the statutory regulations. All ROC
members declare that they have met all independence MEETINGS AND ATTENDANCE OF
criteria and are capable of carrying out their duties RISK OVERSIGHT COMMITTEE
independently, upholding the Bank’s interests, and ROC is required to hold a meeting at least once a
unable to be influenced by any party. month and in person at least twice a year. Meetings
can only be held if at least 51% (fifty-one percent) of
This statement is supported by the membership the total members attend, including an Independent
composition, which includes 1 (one) Chairman who is Commissioner and an Independent Party. In 2023, ROC
an Independent Commissioner, 2 (two) members who has 12 (twelve) meetings, consisting of 4 (four) virtual and
is an Independent Commissioner, 2 (two) members 8 (eight) physical, in accordance with the implementation
who are Commissioners, and 2 (two) non-Commissioner of HyWork (Hybrid Working, Happy Working) at the Bank.
members from the Independent Party.
TABLE OF MEMBER ATTENDANCE AT RISK OVERSIGHT COMMITTEE MEETINGS
FOR THE PERIOD JANUARY-DECEMBER 2023
Attendance via
Attendance at Physical Teleconference Average
Name Attendance Rate
ROC Meetings Attendance or Attendance Rate
Telepresence
Glenn M. S. Yusuf 12 8 4 100%
Didi Syafruddin Yahya 12 6 6 100%
Jeffrey Kairupan 12 7 5 100%
93%
Vera Handajani 11 7 4 92%
Sri Tuti Hadiputranto 9 4 5 75%
Ronald T. A. Kasim* 11 6 5 92%
* Effectively serving as the member of ROC since 20 January 2023
MEETING AGENDA OF RISK OVERSIGHT COMMITTEE
In 2023, the ROC meetings discussed the following agendas:
1. Agenda for Risk Management governance:
a. Monitor and evaluate the 2022 ROC Work Plan Realization and the 2023 Work Plan.
b. Monitor and evaluate the 2022 Risk Management Committee - RMC Work Plan Realization and the 2023 Work
Plan.
c. Monitor and evaluate the 2022 Risk Management Unit Work Plan Realization and the 2023 Work Plan.
d. Review and ratify the minutes of the Risk Oversight Committee meetings.
2. Agenda for Capital and soundness level of the Bank:
a. Evaluating risk management related to capital, including the implementation of Stress Tests (Group-wide) and
ICAAP.
b. Discuss mandatory reports to Bank Supervisors, including Risk Profile Report, Bank Soundness Report (both on
a bank only and consolidated basis) and other reports.
c. Discusses the Bank’s financial performance reports every quarter
3. Agenda for the risk profile of the Bank:
a. Monitor monthly risk management reports (Risk Appetite Statement/Risk Report) covering several aspects of risk
management (Credit, Market, Liquidity, Operational, and others).
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b. Recommend to the Board of Commissioners on c. Internal reports that include the monitoring results
risk management policies, including operational of material & emerging risks, macro-economic
risk, liquidity risk, IRRBB, Cyber Security and IT conditions, the Bank’s financial performance,
Resilience. and risk indicators to ensure compliance with the
c. Review the implementation of risk management, Bank’s risk appetite.
including: operational risk, reputation risk, d. Mandatory reports to the Bank’s supervisors
compliance risk, legal risk, sustainability risk and that consist of the Risk Profile Report, the Bank
technology risk. Soundness Report, and other reports to ensure
d. Discuss monthly Economic Outlook report by the consistency of the information conveyed to
Bank Economist. the Bank’s supervisors for the actual risks faced
e. Monitor and discuss Risk Hotspots, Emerging by the Bank.
Risks, and stress testing, including the impact 3. Monitor the Bank’s credit risk by discussing:
of fluctuating macroeconomic and geopolitical a. The status of asset quality for each loan segment
conditions on the Bank’s performance to ensure each business unit has taken the
f. Evaluate, direct and monitor the Information necessary measures to maintain and improve the
Technology Strategy Plan and discuss the Bank’s Bank’s asset quality in line with the established
capabilities and preparations for Cyber Security risk posture and risk appetite.
and IT Resilience. b. Thematic review of loan portfolios that were
g. Monitor and discuss business plans, strategies negatively affected by the macroeconomic
and account planning for large group debtors, condition in 2023.
business units and related subsidiaries. c. Business plan, strategy, and account planning for
h. Monitor and discuss the Credit Assurance Testing Large Group debtors.
report. d. The Credit Assurance Testing assessment results
i. Monitor and discuss the Bank’s critical event. presented every 3 (three) months in an effort to
improve the underwriting process.
REPORT ON THE RISK OVERSIGHT COMMITTEE 4. Evaluate measures on the Bank’s strategy and critical
DUTIES IMPLEMENTATION IN 2023 event by discussing:
In 2023, there were 105 (one hundred five) work plan a. The most recent report on a number of cases
agendas set from the beginning of the year and 28 that occurred at the Bank in order to review and
(twenty-eight) additional agendas to ensure that the ROC improve the Bank’s strategy in responding to
meetings discussed the latest and most relevant risk- these cases.
related topics in the Bank. The implementation of the b. Strategies for related business units to improve
ROC’s duties includes activities and recommendations portfolio quality.
resulting, among others, for the 2023 financial year:
1. Review and submission of recommendations to the RISK OVERSIGHT COMMITTEE ASSESSMENT
Board of Commissioners on: ON RISK MANAGEMENT IMPLEMENTATION
a. Risk management policies/frameworks and its AT THE BANK
implementation by the Board of Directors in CIMB Niaga’s ROC actively manages the risk profile
relations to risk management; and by monitoring inherent risk and strengthening the
b. Determination of risk appetite, including risk quality of risk management, implementing good
appetite statements, and risk posture. corporate governance through various risk committees,
2. Evaluate the performances of the Risk Management maximizing added value for shareholders, managing
Committee and the Risk Management Unit, as well as capital in a comprehensive manner, as well as ensuring
the consistency between Risk Management policies sustainable profitability and business growth to ensure
and their implementation by discussing: that the soundness of the bank based on the overall
a. Risk management strategies and policies risk can be maintained. In 2023, the ROC evaluates the
for various risk aspects, not only Credit Risk, implementation of the Bank’s risk management and
Operational Risk, Liquidity Risk, and Market Risk, assesses that the Bank’s risk management is adequate.
but also Legal Risk, Compliance Risk, Reputation
Risk, and Information Technology Risk. WORK PLAN FOR 2024
b. Risk management that is related to capital, In the future, ROC will continue to carry out its main
including the Internal Capital Adequacy duties and responsibilities in order to support the
Assessment Process and the implementation of effective implementation of the Board of Commissioners’
stress tests. risk management duties and responsibilities. ROC will
continue to be proactive in monitoring and raising the
latest risk-related issues, ensuring that it continually
remains relevant and up-to-date with the Bank’s risks.
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REMUNERATION OF RISK OVERSIGHT COMMITTEE MEMBERS
1. REMUNERATION PACKAGES AND OTHER FACILITIES RECEIVED
Amount Received in 1 Year by Risk Oversight Committee Members
Type of Remuneration and Other Facilities 2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary
6 15,263 6 11,810
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 3 106 3 128
Total 6 15,370 6 11,938
- Including Committee Member who has just started served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Risk Oversight Committee Members
Remuneration Per Person
2023 2022
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion 4 3
Above Rp1 billion to Rp2 billion 2 2
Above Rp500 million to Rp1 billion - 1
Below Rp500 million - -
Including Committee Member who has just started served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR RISK OVERSIGHT COMMITTEE MEMBERS
Amount Received in 1 Year by Risk Oversight Committee Members
Variable Remuneration* 2023 2022
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*)
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Risk Oversight Committee of CIMB Niaga received any variable remuneration (share or
bonus, both performance based and non-performance based, as well as stock option).
Glenn M. S. Yusuf
Chairman of Risk Oversight Committee
Didi Syafruddin Yahya Jeffrey Kairupan Vera Handajani
Member of Risk Oversight Committee Member of Risk Oversight Committee Member of Risk Oversight Committee
Sri Indrastuti S. Hadiputranto Ronald T. A. Kasim
Member of Risk Oversight Committee Member of Risk Oversight Committee
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NOMINATION AND REMUNERATION COMMITTEE
The Nomination and Remuneration Committee (NRC) and updates. On 10 January 2023, the NRC Committee
was established to assist the Board of Commissioners in Charter was last updated and uploaded to the CIMB
fulfilling its duties and responsibilities. This committee Niaga website. This charter governs various aspects,
is responsible for providing recommendations on the regarding:
nomination and remuneration of members of the Board 1. Objectives
of Commissioners, Board of Directors, Sharia Supervisory 2. Composition, structure, term of office, and
Board, and members of Committees under the Board membership of the Committee
of Commissioners. Additionally, the NRC plays a crucial 3. Membership requirements
role in defining the overall remuneration framework 4. Duties, responsibilities, and authority
for Executive Officers and employees, aligning with the 5. Meeting protocols and procedures
principles of Good Corporate Governance. 6. Work ethics and working hours
7. Working protocols and procedures
LEGAL BASIS 8. Reporting
Legal basis for the establishment of the NRC of CIMB
Niaga refers to the following regulations: TERM OF OFFICE
1. OJK Regulation and OJK Circular Letter related to Committee members appointed during the term of the
the Bank’s GCG implementation, the Nomination Board of Commissioners will serve until the expiration of
and Remuneration Committee, the Governance the Board of Commissioners’ term. Consistent with POJK
in Providing Remuneration, and the Prudential No. 34/POJK.04/2014 and the NRC Committee Charter,
Principles of Commercial Banks that Outsource Part it is specified that the NRC Committee’s term of office
of Their Operations to Other Parties and the Board of cannot exceed that of the Board of Commissioners, and
Commissioners and Board of Directors of Issuers or members may be re-elected.
Public Companies.
2. CIMB Niaga’s Articles of Association on the duties and NOMINATION AND REMUNERATION
authorities of the Board of Commissioners. COMMITTEE MEMBERSHIP, STRUCTURE, AND
3. CIMB Niaga’s Corporate Policy Manual COMPOSITION
4. ASEAN Corporate Governance Scorecard CIMB Niaga’s NRC has 4 (four) members, consisting of 2
(two) Independent Commissioners, 1 (one) Commissioner,
NOMINATION AND REMUNERATION and 1 (one) Bank Executive Officer in charge of Human
COMMITTEE CHARTER Resources (HR). The number, structure, membership
The NRC operates under a charter that outlines composition, composition, and independence of
its membership, structure, authority, duties and members of the NRC have complied with the applicable
responsibilities, meetings, activities, and work provisions. The appointment of members of the NRC is
procedures. This charter has been aligned with POJK carried out by the Board of Directors in accordance with
No. 34/POJK.04/2014. To ensure compliance with the approval of the Board of Commissioners based on
applicable regulations and meet the Bank’s needs, the recommendations from the NRC.
NRC Committee Charter undergoes regular reviews
COMPOSITION OF MEMBERS OF THE NOMINATION AND REMUNERATION COMMITTEE IN 2023
No. Name Position in Bank Position in Commitee Term of Office
1 Sri Widowati Independent Commissioner Chairman 2023 - 2026
2 Didi Syafruddin Yahya President Commissioner Member 2023 - 2026
3 Glenn M. S. Yusuf Vice President Commissioner (Independent) Member 2020 - 2024
4 Nora Joice Kimbal Head of HR Shared Services & MIS (Executive Officer Member 2021 - 2024
in charge of HR)
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PROFILE OF NOMINATION AND REMUNERATION COMMITTEE MEMBERS
Appointed as Chairwoman of the NRC effective 9 April 2020, and reappointed to the same position effective
10 April 2023
She is currently also serves as Independent Commissioner of the Bank.
Her complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Appointment as Chairwoman of the NRC
Sri Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated 9 August 2023
Widowati
Chairwoman of Nomination and
Remuneration Committee
Initially appointed as a member of the Nomination and Remuneration Committee on 26 November 2019
and reappointed to the same position effective 10 April 2023, and concurrently serving as a member of the
Risk Oversight Committee.
He is currently also serves as President Commissioner of the Bank.
His complete profile is presented in the Profile of the Board of Commissioners.
Didi Syafruddin Legal Basis of Appointment as Member of the NRC
Circular Resolution of the Board of Directors No. 004/SIR/DIR/VIII/2023 dated 9 August 2023.
Yahya
Member of Nomination and
Remuneration Committee
Appointed as member of the Nomination and Remuneration Committee on 16 September 2020, and
concurrently serving as Chairman of the Risk Oversight Committee and member of the Audit Committee.
He is currently also serves as Vice President Commissioner of the Bank (Independent).
His complete profile is presented in the Profile of the Board of Commissioners.
Legal Basis of Appointment as Member of the NRC
Glenn Circular Resolution of the Board of Directors No. 003/SIR/DIR/IV/2020 dated 20 April 2020.
M. S. Yusuf
Member of Nomination and
Remuneration Committee
Appointed as member of the NRC on 17 December 2021.
She is currently also serves as Head of HR Shared Services & MIS (Executive Officers in charge of HR).
Her complete profile is presented in the Profile of the Board of Commissioners.
Certification
Level 3 Risk Management Certification.
Nora Joice
Legal Basis of Appointment as Member of the NRC
Kimbal Circular Resolution of the Board of Directors No. 007/SIR/DIR/XII/2021 dated 17 December 2021.
Member of Nomination and
Remuneration Committee
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TRAINING FOR THE NOMINATION c. Providing recommendations to the Board of
AND REMUNERATION COMMITTEE MEMBER Commissioners on:
Data on the training of members of the NRC in 2023 is i. Structure, policy, and amount of remuneration
presented in the Company Profile Chapter of this Annual for members of the Board of Commissioners,
Report. Sharia Supervisory Board, Board of Directors
and members of Committees under the Board
NOMINATION AND REMUNERATION of Commissioners; and
COMMITTEE INDEPENDENCY STATEMENT ii. The remuneration policy framework for
All members of the NRC stated that they have met all Executive Officers and employees as a whole
the criteria for independence, are able to carry out that has been approved by the Board of
their duties independently, uphold the interests of the Directors.
Bank, and cannot be influenced by any party. The NRC d. Providing reviews and inputs on the remuneration
carries out its duties, responsibilities, and authorities of the Board of Commissioners and/or Board of
professionally and independently, without interference Directors, and/or Sharia Supervisory Board for
from any party that is not in accordance with the laws Bank Subsidiaries;
and regulations. This statement is supported by the e. Providing reviews and recommendations
membership composition of the NRC, where the majority regarding Material Risk Taker (MRT).
of Commissioners who are members of the NRC are 3. The Committee shall ensure that the remuneration
Independent Commissioners. policy considers:
a. Financial performance and fulfilment of reserve
DUTIES, RESPONSIBILITIES, AND pursuant to the prevailing rules and regulations;
AUTHORITIES b. Individual work performance;
The NRC has the duties, responsibilities, and authorities c. Fairness within the peer group;
to assist the Board of Commissioners in providing d. Consideration of the Bank’s long-term targets and
recommendations related to nomination and strategies;
remuneration, as follows: 4. In the event that a Committee member has a conflict
1. Related to the nomination function: of interest with the proposed recommendation, the
a. Preparing and providing recommendations proposal shall disclose the said conflict of interest
regarding the system and procedures for and the considerations underlying the proposal.
nominating and/ or replacing the members of 5. Formulating guidelines and work procedures for
the Board of Commissioners, Board of Directors, the Committee (Charter) and conducting reviews as
and Sharia Supervisory Board to the Board of required.
Commissioners, to be submitted to the GMS;
b. Providing recommendations on candidates for MEETINGS AND ATTENDANCE OF NOMINATION
membership of the Board of Commissioners and/ AND REMUNERATION COMMITTEE
or Board of Directors, and/or Sharia Supervisory The NRC holds meetings according to the needs of the
Board to the Board of Commissioners, to be Bank, or at least once every 4 (four) months, in line with
submitted to the GMS; the stipulations in the NRC Charter. The NRC Meeting
c. Providing reviews and input regarding prospective can only be held if attended by at least 2/3 (two-thirds)
members of the Board of Commissioners and/ of the total committee members, and 2 (two) members
or Board of Directors, and/or Sharia Supervisory from the majority of the number of Committee members
Board for Bank Subsidiaries present are the Chairwoman of the Committee and
d. Evaluating the performance and establishing Executive Officers.
development programs for the Board of
Commissioners, Board of Directors, and Sharia In line with the new way of working, namely HyWork
Supervisory Board; (Hybrid Working, Happy Working), which has been
e. Providing recommendations regarding implemented at the Bank since 2021, the NRC held 9
Independent Parties who will serve as members (nine) meetings in 2023, of which 7 (seven) were held
of the Audit Committee, the Risk Oversight physically and 2 (two) were held virtually.
Committee, and the Integrated Governance
Committee.
2. Related to the remuneration function:
a. Evaluating the remuneration policy;
b. Evaluating the conformity between the
remuneration policy and its implementation;
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TABLE OF MEMBER ATTENDANCE AT NOMINATION AND REMUNERATION COMMITTEE MEETINGS
FOR THE PERIOD JANUARY-DECEMBER 2023
Attendance via Average
Attendance at the
Name Physical Attendance Teleconference or Attendance Rate Attendance
NRC Meeting
Telepresence Rate
Sri Widowati 9 2 7 100%
Didi Syafruddin Yahya 9 2 7 100%
100%
Glenn M. S. Yusuf 9 2 7 100%
Nora Joice Kimbal 9 2 7 100%
MEETING AGENDA OF NOMINATION AND 2. Internalization of EPICC Values
REMUNERATION COMMITTEE 3. Organization Health Index (OHI) survey results for
In 2023, NRC meetings have discussed the following 2022
meeting agenda: 4. Updated CIMB Niaga Pension Fund (DAPEN)
information
Agenda related to Nomination: 5. Develop a solid Risk Culture
1. Nomination and succession plans of the Board of
Commissioners, Board of Directors, and the Board REPORT ON THE NOMINATION AND
Management Committee (BMC), Sharia Supervisory REMUNERATION COMMITTEE
Board, and Committee Members. DUTIES IMPLEMENTATION IN 2023
2. Nomination and succession plans of the Board In 2023, the NRC carried out its duties and responsibilities,
of Commissioners and the Board of Directors of as well as provided several recommendations, including
subsidiaries. the following:
3. Selection of nominations for candidates for the Board 1. Carried out assessments and recommendations
of Commissioners and Board of Directors. on the nominated candidates for member of the
4. Assessment of the effectiveness of the Board Board of Commissioners, Sharia Supervisory Board,
of Commissioners, Sharia Supervisory Board, Committees and/or Independent Parties as member
Board of Directors, and Committees under the of the Committee to be submitted to the Board of
Board of Commissioners, including the Board of Commissioners and subsequently proposed to the
Commissioners, the Board of Directors, and the GMS.
Committees of subsidiaries. 2. The Bank has used a third-party service (search firm)
in the process of finding candidates for members
Agenda related to Remuneration: of the Board of Commissioners and the Board of
1. KPI achievement of the Bank & BMC in 2022. Directors in 2023.
2. 2023 KPI Performance Framework. 3. Reviewed and provided recommendations to the
3. Performance Bonus Framework for 2023 nominated candidates for members of the Board of
4. 2023 KPI Achievement by quarter/semester. Commissioners for the Bank’s subsidiaries.
5. Annual Review related to bonus and salary increase 4. Continued the implementation of Talent Management,
in 2023. Succession Plans and Personal Development from
6. Material Risk Taker (MRT) Scheme the Board of Directors to all employees.
7. Remuneration of the Board of Commissioners, Board 5. Reviewed and provided recommendations on the
of Directors, and Committee members under the Board of Directors’ Key Performance Indicator (KPI)
Board of Commissioners, and the Sharia Supervisory framework.
Board, including the Board of Commissioners, the 6. Reviewed and provided recommendations on
Board of Directors of subsidiaries. the proposed remuneration of the Board of
8. Flow of remuneration process for members of the Commissioners, Board of Directors, Committees
Board of Commissioners and the Board of Directors under the Board of Commissioners and Sharia
in subsidiaries. Supervisory Board, as well as the remuneration policy
9. Remuneration benchmarking and market positioning. framework for Executive Officers and employees.
10. Talent Retention Incentive Program (TRIP). 7. Reviewed on the Material Risk Taker (MRT) Scheme.
8. Reviewed on the Talent Retention Incentive Program
Others: (TRIP).
1. Development of the Board of Commissioners, Board 9. Reviewed the remuneration of the subsidiary’s Board
of Directors and BMC, with the topic: Reimagining of Commissioners.
Customer Engagement with AI, Chat GPT and 10. Evaluated and reviewed competency development
Generative AI programs for the Board of Commissioners, Board of
Directors, and Sharia Supervisory Board.
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11. Reviewed on the results of the organization’s health 2. Review and provide recommendations on the Key
level survey through the Organization Health Index Performance Indicator (KPI) framework for the Board
(OHI) survey. of Directors, including the Bank’s subsidiaries.
12. Reviewed initiatives/programs/implementations 3. Evaluate the collegial and individual performance
related to the internalization of EPICC Company values of members of the Board of Commissioners, Sharia
(Enabling talent, Passion, Integrity & accountability, Supervisory Board, Board of Directors, and the
Collaboration, Customer Centricity Committees under the Board of Commissioners,
13. Recommend the implementation of an evaluation of including the Bank’s subsidiaries.
the effectiveness of the performance of the Board of 4. Review and recommend the proposal of remuneration
Commissioners and Committees at the level of the for members of the Board of Commissioners, Board
Board of Commissioners and Board of Directors, the of Directors, the Committees under the Board of
Sharia Supervisory Board, including subsidiaries Commissioners, and Sharia Supervisory Board, as well
as the remuneration policy framework for executive
NOMINATION AND REMUNERATION officers and all employees of the Bank, including its
COMMITTEE EVALUATION ON THE subsidiaries.
IMPLEMENTATION OF THE NOMINATION 5. Review and recommend the Material Risk Taker (MRT)
AND REMUNERATION POLICY AT THE BANK scheme.
In 2023, the NRC conducted an evaluation and 6. Evaluate and review competency development
assessment of whether the Bank had implemented the programs for the Board of Commissioners, Board of
nomination process in accordance with the principles of Directors, and Sharia Supervisory Board.
good corporate governance. The NRC also makes sure 7. Continue the implementation of Talent Management,
that the Bank’s policies and structure for remuneration Succession Plan, and Self Development of the Board
are in line with those that apply to the banking sector and of Directors and all employees of the Bank.
are consistently carried out with the values of risk-based 8. Conduct studies on the results of the Organization
remuneration and Good Corporate Governance. Health Index (OHI) survey.
9. Review the implementation of activities and initiatives
WORK PLAN FOR 2024 related to organizational health (OHI), which are
The NRC has established the 2024 work plan, emphasizing linked to the EPICC company values (Enabling talent,
the following strategic priorities: Passion, Integrity & accountability, Collaboration,
1. Assess and provide recommendations to the Customer Centricity).
nominated candidates for members of the Board
of Directors, the Board of Commissioners, the
Committees and/or Independent Parties as member
of the Committee and submit this information to the
Board of Commissioners, including for subsidiaries,
to be proposed at the GMS.
REMUNERATION OF NOMINATION AND REMUNERATION COMMITTEE MEMBERS
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received in 1 Year by Nomination & Remuneration
Committee Member
Type of Remuneration and Other Facilities
2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary
4 12,650 4 11,608
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 4 151 4 144
Total 4 12,801 4 11,751
Bank records in-kind remuneration since 2022.
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Number of Nomination and Remuneration Committee Members
Remuneration per Person
2023 2022
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion 4 4
Above Rp1 billion to Rp2 billion - -
Above Rp500 million to Rp1 billion - -
Below Rp500 million - -
2. VARIABLE REMUNERATION FOR NOMINATION AND REMUNERATION COMMITTEE MEMBERS
Amount Received in 1 Year by Nomination and Remuneration
Committee Members
Variable Remuneration *
2023 2022
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*)
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Nomination and Remuneration Committee of CIMB Niaga serving as Commissioners at the
Bank received any variable remuneration (shares or bonuses both performance based and non-performance based, as
well as share options).
SUCCESSION POLICY OF THE BOARD OF DIRECTORS
The Bank’s succession policy for the Board of Directors and/or Senior Management is implemented to prepare for
leadership regeneration. The policy regulates several things, as follows:
1. The Board of Commissioners, assisted by the NRC, ensures that the Bank adopts a talent management system,
which is managed by the HR Directorate, as a tool to identify executive officers who have the potential to preserve
the continuity of the Bank’s leadership in the future and maintain the business sustainability and long-term goals of
the Bank.
2. The Directorate of Human Resources and the Nomination and Remuneration Committee identify talented employees
from within the Bank. However, this does not rule out the possibility of talented employees who are professionals
in succession planning for the Board of Directors, including the President Director and/or Senior Management.
3. For internal talent, the Human Resources Directorate assesses and provides further opportunities for the self-
development of these talented employees, both in the form of mandatory training and career development
opportunities. Qualified employees who are considered potential successors to members of the Board of Directors
are further evaluated and identified, as well as meeting the criteria for candidates for the Bank’s Board of Directors.
Sri Widowati
Chairwoman of Nomination and Remuneration Committee
Didi Syafruddin Yahya Glenn M. S. Yusuf Nora Joice Kimbal
Member of Nomination Member of Nomination Member of Nomination
and Remuneration Committee and Remuneration Committee and Remuneration Committee
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INTEGRATED GOVERNANCE COMMITTEE
CIMB Niaga, as the Main Entity (ME) of CIMB Niaga TERM OF OFFICE
Financial Conglomerate (CIFC), established the Members of the IGC who are Independent Commissioners
Integrated Governance Committee (IGC) to assist of the CIFC Financial Institution (FI) have a term of office
in the implementation of the duties of the Board of of 3 (three) years and/or not exceeding their term of
Commissioners as the Board of Commissioners of the office at CIFC FI. Moreover, the term of office of members
ME, particularly in conducting the oversight function on who are Independent Parties and/or other parties (if any)
the implementation of IG at CIFC, pursuant to prevailing is 3 (three) years and/or not exceeding the term of office
laws and regulations. of ME’s Board of Commissioners. The term of office is
changed to 3 (three) years after the 2022 AGMS of ME.
Membership Composition of CIFC:
Entitas Utama : PT Bank CIMB Niaga Tbk (CIMB Niaga) INTEGRATED GOVERNANCE COMMITTEE
Anggota : PT CIMB Niaga Auto Finance (CNAF) MEMBERSHIP, STRUCTURE, AND
PT CIMB Niaga Sekuritas (CNS) COMPOSITION
The Board of Directors appoints members of the IGC in
LEGAL BASIS accordance with the Board of Commissioners approval,
Legal basis for the establishment of the CIMB Niaga’s IGC based on the recommendation from the Nomination
refers to the following regulations: and Remuneration Committee (NRC) or in certain cases,
1. OJK Regulation and OJK Circular Letters concerning pursuant to the IGC meeting resolution and Appointment
the Implementation of Integrated Governance for Letter of FI as CIFC members. In accordance with
Financial Conglomerates. the IGC Charter, the membership, composition, and
2. Articles of Association of CIMB Niaga concerning the independence of the IGC members have met the
duties and authorities of the Board of Commissioners. prevailing criteria and provisions.
INTEGRATED GOVERNANCE COMMITTEE In 2023, there were changes to the IGC Committee
CHARTER Members in accordance with the Nomination and
The IGC of CIMB Niaga has a charter that regulates Remuneration Committee Recommendation No. 010/
the membership, structure, authority, duties and NomRem/KP/III/2023 dated 8 March 2023, and Board
responsibilities, meetings, activities, and work procedures of Commissioners Circular No. 007/DEKOM/KP/III/2023
of the IGC in carrying out its function. The IGC Charter dated 13 March 2023. This has been reported and/or
is periodically reviewed and updated in order to comply submitted to the OJK via CIMB Niaga letter No. 049/FO/
with prevailing regulations and Bank needs. Current IGC KP/2023 dated 12 April 2023.
Charter was updated in 2021 and deemed relevant with
the latest conditions, has been, uploaded this to the The IGC members are composed of 6 (six) people,
Bank’s website. consisting of 1 (one) Independent Commissioner, 2
(two) Independent Parties, 1 (one) member of the EU
Sharia Supervisory Board, and 2 (two) Independent
Commissioners of Subsidiaries as representatives of FI
that are CIFC members as follows:
COMPOSITION OF MEMBERS OF THE INTEGRATED GOVERNANCE COMMITTEE IN 2023
Position in
No. Name Position in Bank & Subsidiaries Term of Office
Committee
1 Jeffrey Kairupan Independent Commissioner of CIMB Niaga Chairman 2020-2024
2 Endang Kussulanjari S. Independent Party Member 2020-2024
3 Serena K. Ferdinandus Independent Commissioner of CNAF Member 2021-2024
4 Yulizar D. Sanrego Member of Sharia Supervisory Board of Member 2023-2026
CIMB Niaga
5 Achiran Pandu Djajanto Independent Commissioner of CNS Member 2022-2025
6 Angelique Dewi Daryanto Independent Party Member 2023-2025
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PROFILES OF INTEGRATED GOVERNANCE COMMITTEE MEMBERS
Reappointed as Chairman of the IGC effective 6 October 2020, and concurrently serving as Chairman of the
Audit Committee and Member of the Risk Oversight Committee.
He is currently also serves as Independent Commissioner of the Bank.
His complete profile is presented in the Board of Commissioners Profile.
Legal Basis of Appointment as Chairman of the IGC
Jeffrey Circular Resolution of the Board of Directors No. 008/SIR/DIR/X/2020 dated 6 October 2020
Kairupan
Chairman of Integrated
Governance Committee
Appointed as Member of the IGC since April 2016 and reappointed effective on 9 April 2020, and concurrently
serving as Member of the Audit Committee.
Her complete profile is presented in the Audit Committee Profile.
Legal Basis of Appointment as Member of the IGC
Circular Resolution of the Board of Directors No. 003/SIR/DIR/IV/2020 dated 20 April 2020.
Endang
Kussulanjari S.
Member of Integrated
Governance Committee
Appointed for the first time as Member of the IGC since March 2015, and reappointed on 14 March 2023.
He is currently also serves as Member of the Sharia Supervisory Board of the Bank.
His complete profile is presented in the Sharia Supervisory Board Profile.
Legal Basis of Appointment as Member of the IGC
Circular Resolution of the Board of Directors No. 003/SIR/DIR/III/2023 dated 14 March 2023.
Yulizar
D. Sanrego
Member of Integrated
Governance Committee
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Appointed for the first time as member of the IGC since March 2015, and reappointed on 29 April 2021
Educational Background Concurrent Position
Bachelor in Economics from the University of
Indonesia (1986) Director of PT Putra Sleman Sembada (2022 –
present)
Work Experience Chairwoman of the Risk Oversight Committee
at PT CIMB Niaga Auto Finance (2020 - present)
Serena Member of the Audit Committee at PT Elnusa Independent Commissioner and Chairwoman
Tbk (2020-2023) of the Audit Committee at PT CIMB Niaga Auto
K. Ferdinandus Member of the Risk Management Committee Finance (2012 - present)
at PT Elnusa Tbk (2014-2020) Chief Audit Executive (Head of Internal Audit
Member of the Audit Committee at PT Blue & Risk Management Division) at PT Ithaca
Bird Tbk (2014-2020) Resources (2009 - present)
Commissioner at PT Anpa Internasional (2012- Shares Ownership
Member of Integrated
2018)
Governance Committee
Member of the Audit Committee at PT Chandra Nil
Asri Petrochemical Tbk (2009-2015)
Age/Gender Member of the Audit Committee at PT Barito Affiliation
Pacific Tbk (2009 - 2013) Has no affiliation with fellow Committee members, Board
63/Female Senior Vice President Investment Banking of Committee members, Board of Directors members or
Division at PT NC Securities (2002-2009) the Ultimate and Controlling Shareholder.
Nationality
Vice President Investment Banking Division
Indonesia and Direct Investment Division at PT Certification
Danareksa (Persero) and PT Danareksa Finance
Domicile (1996-2001) -
Audit Division Manager at Ernst & Young, Legal Basis of Appointment as Member of the
Jakarta
Sarwoko & Sandjaja in Indonesia (1986-1995) IGC Member
and Ernst & Young, Dallas.
Circular Resolution of the Board of Directors
No. 004/NOMREM/KP/IV/2021 dated 29 April 2021.
Appointed as member of the IGC on 7 August 2019, and reappointed on 27 July 2022
Educational Background Concurrent Position
Bachelor of Law from University of Gadjah Independent Commissioner of PT CIMB Niaga
Mada (1983) Sekuritas (2018-present)
Magister of Management from Entrepreneur Shares Ownership
Achiran Development Institute (1997)
Phd in Law from University of Gadjah Mada Nil
Pandu Djajanto (2015)
Affiliation
Work Experience
Has no affiliation with fellow Committee members,
Director of Compliance and Risk Board of Committee members, Board of Directors
Member of Integrated Management at PT Jasa Marga (Persero) Tbk. members or the Ultimate and Controlling
Governance Committee (2015-2016) Shareholder.
Expert Staff of the Minister of SOEs for
Governance and Synergy (2014-2015) Certification
Age/Gender Expert Staff of the Minister of SOEs for -
Human Resources and Technology (2014-
65/Male 2015) Legal Basis of Appointment as Member of the
Nationality Deputy in Restructuring and Strategic IGC Member
Planning (2013-2014)
Indonesia Expert Staff of the Minister of SOEs for Circular Resolution of the Board of Directors
Corporate Governance (2010-2013) No. 004/SIR/DIR/VII/2022 dated 27 July 2022.
Domicile Head of Legal Division of the Indonesian
Bekasi Bank Restructuring Agency (1998-2002)
Head of the BPR Sub-Directorate of the
Directorate General of Financial Institutions
DJLK (1994-1998)
Various Positions in Government Agencies
since 1983
Appointed for the first time as member of the IGC since 10 April 2023.
She also serves as Member of the Audit Committee of the Bank.
Her complete profile is presented in the Audit Committee Profile.
Legal Basis of Appointment as Member of the IGC
Circular Resolution of the Board of Directors No. 003/SIR/DIR/III/2023 dated 14 March 2023
Angelique
Dewi Daryanto
Member of Integrated
Governance Committee
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TRAINING FOR INTEGRATED GOVERNANCE improvement of the IGC Guidelines prepared by the
COMMITTEE MEMBERS Board of Directors of ME;
Data on training attended by the IGC members in 2023 is 5. Assist the Board of Commissioners of ME to ensure
presented in the Company Profile Chapter of this Annual that FI implement sustainability in accordance with
Report. the established plan;
6. Assist the Board of Commissioner of ME to ensure
INTEGRATED GOVERNANCE COMMITTEE the ME has prepared and established a Corporate
INDEPENDENCY STATEMENT Charter;
All members of the IGC stated that they have met all 7. Organize regular IGC meetings;
independency criteria and are able to perform their 8. Obtain input, suggestions and recommendations
functions independently, upholding ME interests with from professional parties or other parties outside
no interference from any parties. This statement is the ME, FI, or CIFC related to their duties as the IGC
supported by the composition of the IGC membership, members;
which at least includes: 9. Authorized to request information in the form of
1. An Independent Commissioner who serves as evaluation results from:
Chairman on one of the committees at the ME, as a. The integrated compliance function of the Integrated
Chairman concurrently as Member; Compliance Unit;
2. An Independent Commissioner who represents and is b. The integrated internal audit function of the
appointed from the FI in the Financial Conglomerate, Integrated Internal Audit Unit on the implementation
as Member; of internal audits; and
3. An independent party, as Member. c. The integrated risk management function for the
implementation of integrated risk management from
DUTIES, RESPONSIBILITIES, AND the Integrated Risk Management Committee and/or
AUTHORITIES the Integrated Risk Management Unit, including but
The duties, responsibilities and authorities of the IGC not limited to the obligation to provide minimum
include the following: capital in an integrated manner;
1. Evaluate the implementation of IG at least through 10. Chairman of the Committee shall prepare and
the assessment on the adequacy of internal control submit a report to the ME’s Board of Commissioners
and the implementation of the compliance function on each implementation of their duties along with
in an integrated manner; recommendations (If required for approval).
2. In conducting the evaluation as referred to in point 1,
the IGC obtains information in the form of evaluation MEETINGS AND ATTENDANCE OF
results on the implementation of internal audit and INTEGRATED GOVERNANCE COMMITTEE
compliance function of each FI from member of BOC The IGC Meeting can only be held if attended by at least
of each FI who are members of the IGC; 51% (fifty-one percent) of the total members, including
3. Provide recommendations on the adequacy and Independent Commissioners and Independent Parties.
improvement of internal control, implementation of The IGC must hold its meetings at least twice a year. In
the compliance function in an integrated manner, 2023, the IGC held 2 (two) virtual meetings in total, which
as well as implementation of risk management and included the ratification of the previous minutes of the
good corporate governance; meeting, recommendations, discussion regarding issues
4. Provide recommendations to the Board of that needed to be followed up on from the previous
Commissioners of ME for the preparation and meeting, and other matters that needed attention.
TABLE OF MEMBER ATTENDANCE AT RISK INTEGRATED GOVERNANCE COMMITTEE MEETINGS
FOR THE PERIOD JANUARY - DECEMBER 2023
Attendance via
Attendance at Physical Teleconference Average
Name Attendance Rate
IGC meeting Attendance or Attendance Rate
Telepresence
Jeffrey Kairupan 2 - 2 100%
Endang Kussulanjari S. 2 - 2 100%
Serena K. Ferdinandus 2 - 2 100%
100%
Yulizar D. Sanrego 2 - 2 100%
Achiran Pandu Djajanto 2 - 2 100%
Angelique Dewi Daryanto*) 1 - 1 100%
*)
Serves as member effective 10 April 2023
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MEETING AGENDA OF INTEGRATED 4. Integrated Internal Audit Report (including Sharia) for
GOVERNANCE COMMITTEE H2 of 2022 and H1 of 2023.
In 2023, the following were the agenda discussed at the 5. Periodic Self-Assessment Report on the
IGC Committee meetings: Implementation of Integrated Governance for the
period June and December.
Regular Agenda: 6. Review of IGC Membership.
1. Confirmation on minutes of the previous IGC meeting.
2. Report on the results of follow-up or discussion of INTEGRATED GOVERNANCE COMMITTEE
unfinished issues from the previous IGC meeting. EVALUATION ON THE IMPLEMENTATION
OF INTEGRATED GOVERNANCE OF CIMB
Other Agenda: INDONESIA FINANCIAL CONGLOMERATE
1. IGC Meeting on 10 February 2023: The IGC has carried out an evaluation and assessment of
a. Report on CIMB Indonesia Integrated Risk Profile the implementation of integrated governance in the CIMB
for H2 of 2022. Indonesia Financial Conglomeration, including in terms
b. Report on Integrated Minimum Capital Adequacy of the adequacy of internal control, risk management,
of CIMB Indonesia for H2 of 2022. capital levels, and the implementation of integrated
c. Integrated Internal Audit Report: compliance functions in 2023. The IGC appraised that in
- Internal Audit Integrated Governance Report general, all aspects are running properly and in line with
for H2 of 2022; applicable regulations governing the implementation of
- Update on Sharia Banking Audit for H2 of IGC for Financial Conglomeration in Indonesia, as well as
2022. in accordance with the size and complexity of the CIMB
d. CIMB Indonesia Integrated Governance Indonesia Financial Conglomeration.
Implementation Report:
- CIMB Indonesia Integrated Compliance for H2 In conclusion, CIFC has implemented integrated
of 2022; governance as a whole, and the implementation of IGC
- CIMB Niaga Integrated Governance Report for principles is adequate, but weaknesses are still found.
H2 of 2022 (Self-Assessment). These weaknesses are generally insignificant and can be
2. IGC Meeting on 10 August 2023: handled/remedied with normal actions from the EU and/
a. Report on CIMB Indonesia Integrated Risk Profile or FIs members of the CIFC.
for H1 of 2023.
b. Report on Integrated Minimum Capital Adequacy WORK PLAN FOR 2024
of CIMB Indonesia for H1 of 2023. In 2024, the IGC Committee plans to work on several
c. Integrated Internal Audit Report: subjects, including the following:
- Internal Audit Integrated Governance Report 1. Review the Integrated Risk Management Report.
for H1 of 2023; 2. Review the Integrated Minimum Tier-1 Capital
- Update on Sharia Banking for H1 of 2023 Adequacy Report.
d. CIMB Indonesia Integrated Governance 3. Review the Integrated Internal Audit Report, including
Implementation Report: Sharia Audit.
- CIMB Indonesia Integrated Compliance for H1 4. Review the Integrated Compliance Report.
of 2023; 5. Review the Integrated Risk Profile Report.
- CIMB Niaga Integrated Governance Report for 6. Review the Implementation of Integrated Governance
H1 of 2023 (Self-Assessment). Report.
7. Review the Integrated Governance Policy and provide
REPORT ON THE INTEGRATED GOVERNANCE recommendation to the Main Entity’s Board of
COMMITTEE DUTIES IMPLEMENTATION FOR Commissioners for any necessary amendment.
2023 8. Periodic Self-Assessment report on the
Throughout 2023, the IGC carried out activities that Implementation of Integrated Governance for the
focused on evaluating and/or reviewing reports and/or positions June 2024 and December 2023.
the following matters:
1. Integrated Risk Profile Report as part of the Integrated
Risk Management Report.
2. Integrated Capital Adequacy Report as of December
2022 and June 2023.
3. IGC Implementation Report for H2 of 2022 and H1 of
2023, including the Integrated Compliance Report.
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REMUNERATION OF INTEGRATED GOVERNANCE COMMITTEE MEMBERS
1. REMUNERATION PACKAGE AND OTHER FACILITIES RECEIVED
Amount Received in 1 Year by Integrated Governance
Committee Members
Type of Remuneration and Other Facilities
2023 2022
Person Rp (Million) Person Rp (Million)
Remuneration (salary, routine allowances, and other monetary
6 8,378 *
6 6,132*
benefits)
Other benefits in in-kind form (housing, transportation, health
- - - -
insurance, etc.) that:
a. Can be owned - - - -
b. Cannot be owned 2 53* 3 42*
Total 6 8,432* 6 6,174*
*)
Including remuneration paid by subsidiaries.
- Including Committee Member who has just started served or resigned in the respective year.
- Bank records in-kind remuneration since 2022.
Number of Integrated Governance Committee Members
Remuneration Per Person
2023 2022
Above Rp5 billion - -
Above Rp2 billion to Rp5 billion 1 1
Above Rp1 billion to Rp2 billion 2 1
Above Rp500 million to Rp1 billion 2 2
Below Rp500 million 1 1
Including Committee Member who has just started served or resigned in the respective year.
2. VARIABLE REMUNERATION FOR INTEGRATED GOVERNANCE COMMITTEE MEMBERS
Amount Received in 1 Year by Integrated Governance Committee
Members
Variable Remuneration *
2023 2022
Person Rp (Million) Person Rp (Million)
Total Nil Nil Nil Nil
*)
Performance and risk-based remuneration (such as tantiem/bonuses).
None of the members of the Integrated Governance Committee of CIMB Niaga received any variable remuneration
(share or bonus, both performance based and non-performance based, as well as stock option).
Jeffrey Kairupan
Chairman of Integrated Governance Committee
Endang Kussulanjari S. Serena K. Ferdinandus
Member of Integrated Governance Committee Member of Integrated Governance Committee
Yulizar D. Sanrego Achiran Pandu Djajanto Angelique Dewi Daryanto
Member of Integrated Governance Committee Member of Integrated Governance Committee Member of Integrated Governance Committee
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Committees Under the Board of Directors
Committees under the Board of Directors, referred to as Secretary:
Executive Committees (“Exco”), have the duty to assist the Sharia Risk Management Senior Specialist
Board of Directors in the Bank’s operations. CIMB Niaga
has 4 (four) Exco, consisting of the Risk Management The profiles of RMC members are presented in the
Committee, Assets & Liability Committee, IT Steering Profiles of Board of Directors and Senior Executives in
Committee, and Credit Policy Committee. The Board of the Company Profile Chapter of this Annual Report.
Directors also has the authority to establish other Exco
according to the needs of the Bank. DUTIES AND RESPONSIBILITIES
1. Formulate and recommend policies and frameworks
POSITION OF EXECUTIVE COMMITTEES (EXCO) for risk management, including the Bank’s risk
IN THE BANK STRUCTURE management strategy and Risk Appetite Statement
Exco are directly responsible to the Board of Directors, (RAS).
as illustrated in the corporate governance structure 2. Review the risk exposures and risk management
of committees in the Risk Management Chapter of this implementation in the Bank and its subsidiaries, both
Annual Report. periodically and incidentally, as a result of changes in
the external and internal conditions of the Bank.
RISK MANAGEMENT COMMITTEE (RMC) 3. Approve the risk profile report, stress testing report,
and scenarios including their mitigation plan.
MAIN FUNCTION AND AUTHORITY 4. Approve the specific policy on risk management that
RMC has the main function and authority to provide is not covered by the other Exco.
recommendations to the President Director in 5. Review and analyze the capital adequacy of the Bank
formulating and improving policies, evaluating the and its subsidiaries.
update and condition of risk profiles, as well as providing 6. Approve the limit/Management Action Trigger (MAT)
recommendations and remedial measures. portfolio, such as the sector limit, house limit, VaR
limit, Consumer Banking ELR, and others.
STRUCTURE AND MEMBERSHIP 7. Evaluate and approve the treasury trading risk
Members of RMC should be at least 2/3 (two-thirds) of limit, the excession limit of trading, changes in the
the total Board of Directors members, plus appointed measurement of market risk, and the credit risk
Executive Officers one level below the Board of Directors. factor for treasury products.
The RMC’s membership structure is determined by the 8. Approve the risk model with respect to the capital
RMC’s Terms of Reference (TOR), which are the same or adequacy, reserve, and other business uses (if
recognized as the assignments of the Chairman, Deputy necessary), including the validation model result.
Chairman, and Committee Members as below.
MEETINGS, QUORUMS, AND RESOLUTIONS
RMC MEMBERSHIP STRUCTURE 1. Meeting members consist of the Board of Directors
Chairman : President Director and Chiefs who are currently serving actively.
Vice Chairman 1 : Risk Management Director 2. A meeting is declared to have a quorum if it is attended
Vice Chairman 2 : Strategy, Finance & SPAPM Director by at least 2/3 (two thirds) of the total members of the
Committee, one of them being the Chairman or Vice
Members: Chairman of the Committee.
1. Operations & Information Technology Director 3. In the event that the Chairman is absent, the Vice
2. Treasury & Capital Market Director Chairman will lead the meeting.
3. Consumer Banking Director 4. In the event that the both the Chairman and Vice
4. Compliance, Corporate Affairs & Legal Director Chairman are absent, then the members of the
5. Sharia Banking Director meeting will agree that one of the Board of Directors
6. Business Banking Director will be the Chairman of the meeting.
7. Human Resources Director 5. The use of alternates is permitted for the Director
8. Chief Special Asset Officer (according to applicable regulations).
9. Chief Audit Executive 6. All members have voting rights.
10. Chief of Network & Digital Banking 7. The Director who acts as an Alternate has 1 (one)
voting right for himself or herself and 1 (one) voting
right for the Director he or she represents.
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8. A meeting decision is declared a quorum if it is ALCO MEMBERSHIP STRUCTURE
approved by at least 2/3 (two thirds) of the members Chairman : President Director
present, one of them is the Chairman or Vice Vice Chairman 1 : Strategy, Finance & SPAPM Director
Chairman of the Committee. Vice Chairman 2 : Treasury & Capital Markets Director
2023 WORK PROGRAM REALIZATIONS Member:
1. Review the RAS indicators by looking at their relevance 1. Risk Management Director
to the business characteristics and risks faced. 2. Business Banking Director
2. Decide on portfolio limits and risk appetite for 3. Consumer Banking Director
products that follow market developments such 4. Sharia Banking Director
as KPR, channeling financing through Fintech, and
others. Secretary:
3. By paying attention to post-pandemic economic Head of Capital & Balance Sheet Management
developments, RMC decided to change the appetite
for the Bank’s risk exposure, such as sector appetite Sharia PC Membership Structure
and sector limits for several industrial sectors and Chairman : Sharia Banking Director
securities portfolios. Vice Chairman 1 : Strategy, Finance & SPAPM Director
4. Decide on portfolio limits for financing the community. Vice Chairman 2 : Treasury & Capital Markets Director
2024 WORK PLAN Member:
1. Approve, recommend, and evaluate policies related 1. Head of Sharia Business Banking
to risk management. 2. Head of Sharia Consumer
2. Approve and evaluate risk limits and risk appetite. 3. Head of Sharia RCU & Business Process
3. Increase the role of the committee in reviewing 4. Head of Advisory & Legal – Sharia
the implementation of the best risk management 5. Head of Sharia Strategy, Performance, Reporting,
strategy. Analytics & Transformation
4. Increase the effectiveness of meetings by focusing on
key risk issues. The profiles of ALCO members are presented in the
5. Fulfill regulatory regulations regarding risk Profiles of Board of Directors and Senior Executives in
management. the Company Profile Chapter of this Annual Report.
CERTIFICATIONS DUTIES AND RESPONSIBILITIES
Membership to the RMC does not require any certain 1. Balance Sheet and Net Interest Income (NII)
certification. a. Review and analyze the Bank’s balance sheet
based on business, composition of assets and
ASSET & LIABILITY COMMITTEE (ALCO) liabilities, currency, growth, income, and margin.
b. Examining variations that arise between plans
MAIN FUNCTION AND AUTHORITY and actual balance sheets and how this impacts
ALCO is a supporting committee of the Board of funding and loans, balance sheet ratios, and
Directors tasked with analyzing and evaluating asset and whether the Bank remains within Risk Appetite
liability management, as well as making related decisions limits.
through the formulation of policies, strategies, and c. Review Net Interest Income (NII) and Net Interest
targets to manage the Bank’s assets and liabilities in an Margin (NIM) trends, including projections and
integrated manner. ALCO also oversees the Sharia Pricing variations with NIM plans, and detail actions that
Committee (“Sharia PC”). Sharia PC has the authority to must be taken.
make decisions, particularly those relating to the level d. Examining the impact on NII under Base Case
of gross yield distribution, which will be reported on a conditions and also under Stressed Economic
regular basis at ALCO meetings. Scenarios.
e. Review and ensure that the Fund Transfer Pricing
STRUCTURE AND MEMBERSHIP (FTP) framework is appropriate and functions
ALCO members consist of at least 2/3 (two thirds) of the total as a bridge between business lines in designing
members of the Board of Directors, plus Executive Officers and implementing FTP, as well as prioritizing
one level below the appointed Directors, in accordance with consistency in the Bank’s performance.
the Bank’s Board of Directors Charter. ALCO’s membership
structure consists of (including the Sharia PC membership
structure), which also constitutes or is recognized as the
assignment of the Chairman, Vice Chairman and Members
of the Committee, as mentioned below.
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f. Review and approve pricing that requires MEETINGS, QUORUM AND DECISION MAKING
regulatory approval as well as pricing for new and
existing products so that they are in line with the ALCO
Bank’s strategic and business objectives through 1. Meetings are held a minimum of 12 (twelve) times a year.
quorum requirements. 2. The quorum for holding a meeting is attended by
a minimum of 2/3 (two thirds) of the number of
2. Contingency Funding Plans members of the Board of Directors.
a. Reviewing the Contingency Funding Plan (CFP) as 3. The quorum for decision making is approved by a
an operational business plan and measuring the minimum of 2/3 (two thirds) of the number of members
capacity of the business plan to ensure that the of the Board of Directors present at the meeting.
management actions to be taken are realistic; and 4. The attendance quorum and meeting decisions are
b. Ensure that Early Warning Indicators are relevant delegated to at least 2 (two) of the 3 (three) members
to current conditions. of the Board of Directors as follows:
• Chairman : President Director
3. Capital & Balance Sheet Management • Vice Chairman 1 : Strategy, Finance & SPAPM
a. Reviewing the Capital & Balance Sheet Director
Management framework and policies to ensure • Vice Chairman 2 : Treasury & Capital Markets
that the framework and policies are in accordance Director
with the current and future size and complexity of
CIMB Niaga’s operations; Sharia PC
b. Uphold consistent implementation of practices 1. The quorum for holding a meeting is attended by a
and policies at the Bank; minimum of 1/2n+1 or a minimum of 1 (one) Sharia
c. Approve Management Action Trigger (MAT)/ PC members consisting of the Chairman or Vice
liquidity and interest rate risk limits in the Banking Chairman.
Book; 2. In circumstances where the PC Sharia member is
d. Determine, supervise, and review the hedging unable to attend, the member can be replaced by a
strategy of entities under CIMB Niaga; substitute appointed by the Sharia PC member.
e. Review and ensure that the Bank’s risk profile 3. Meeting decisions can be taken when the quorum for
is still within the limits set in the MAT/liquidity holding the meeting is met.
risk limits and interest rate risk in the Banking
Book, including reviewing the results of internal 2023 WORK PROGRAM REALIZATION
stress tests and regulations in all currencies and 1. Continue initiatives to accelerate lending for resilient
material banking entities under CIMB Niaga; sectors and products.
f. Review and approve ALM risk parameter models 2. Ensure that the Bank’s liquidity level is always at
and validation models; and an optimum level amidst increasing competition
g. Identify and study funding and liquidity needs, between banks while maintaining efficient funding
and take appropriate steps for certain liquidity costs and ensuring the availability of other funding
and funding conditions. alternatives.
3. Adjust the internal fund transfer pricing model to
4. Sharia PC ensure that pricing signaling is transmitted to all Bank
a. Determine Gross Yield for the current month and business units and is in line with changes in market
ensure Gross Yield is in accordance with Sharia interest rates.
Compliance. 4. Optimizing the balance sheet by adjusting the cost of
b. Set or change the ratio level if necessary. funds and loans, especially in conditions of market
c. Determine the amount charged or reserved for interest rates, which are currently on an increasing
Profit Equalization, based on Sharia principles. trend and uncertainty in the global economy.
d. Determine the number of grants (if any) to be 5. Provide stable and diversified funding for Sharia
awarded. business units and ensure readiness for spin-offs in
e. Carry out activities that have been delegated by accordance with Regulatory provisions.
ALCO from time to time.
2024 WORK PLAN
1. Continuing the strategy to obtain low cost funding
from current accounts and savings through new
initiatives and programs.
2. Ensure the transmission of interest rates, especially
for loans with floating interest rates and new loans
and ensure that interest rate risk in the banking book
is managed properly in line with expectations of
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movements in domestic and foreign interest rates. The profiles of ITSC members are presented in the
3. Adjust the internal fund transfer pricing model to ensure Profiles of the Board of Directors and Senior Executives
that pricing signaling is transmitted to all Bank business in the Company Profile Chapter of this Annual Report.
units and is in line with changes in market interest rates.
4. Ensure that the Bank’s liquidity level is always at an DUTIES AND RESPONSIBILITIES
optimum level by ensuring the growth of third-party ITSC’s duties and responsibilities are to provide
funds including the growth of other balance sheet recommendations related to:
components in accordance with the business plan 1. IT strategic plan that is in line with the Bank’s
and the provisions of applicable regulators. corporate plan.
5. Ensure stable and diversified funding for Sharia 2. IT policies, standards and procedures.
business units, and continue to prepare spin-off 3. Conformity between IT development plans and IT
plans in accordance with Regulatory provisions. strategic plans.
4. Conformity between the implementation of IT
CERTIFICATION development and the IT development plan.
ALCO membership does not require any certain certification. 5. Evaluation of the effectiveness of IT costs towards
achieving planned benefits.
INFORMATION TECHNOLOGY STEERING 6. Monitoring IT performance and efforts to improve IT
COMMITTEE (ITSC) performance.
7. Efforts to resolve various IT-related problems that
MAIN FUNCTIONS AND AUTHORITY cannot be resolved by IT user and operator work
ITSC carries out the main function and authority to units effectively, efficiently and on time.
provide recommendations to the Board of Directors 8. Adequacy and allocation of IT-related resources
regarding strategic plans, policies, development, and owned by the Bank.
implementation of the Bank’s information technology. 9. A Cybersecurity Strategic Plan that is in line with
the Bank’s risk appetite, and is followed by a
STRUCTURE AND MEMBERSHIP comprehensive work plan in technology operations
In line with the Board of Directors’ Charter, ITSC members and risk management.
constitute a minimum of 2/3 (two thirds) of the total number
of members of the Board of Directors, plus Executive MEETINGS, QUORUM AND DECISION MAKING
Officers one level below the appointed Board of Directors. 1. Meetings must be held at least 4 (four) times a year.
The ITSC membership structure consists of, which also 2. The meeting attendance quorum is attended by more
constitutes or is recognized as the assignment of the than 2/3 (two thirds) of the total number of members
Chairman, Vice Chairman and Members of the Committee, of the Board of Directors.
as mentioned below. 3. The quorum for meeting decisions is approved by
more than 2/3 (two thirds) of the number of members
The ITSC Membership Structure has been adapted of the Board of Directors present.
to OJK Regulation No. 11/POJK.03/2022 concerning
the Implementation of Information Technology by 2023 WORK PROGRAM REALIZATION
Commercial Banks. 1. Determine the IT Strategic Plan 2024-2025.
2. Determine the formulation of main IT policies,
ITSC MEMBERSHIP STRUCTURE standards and procedures.
Chairman : President Director 3. Determine IT projects for the 2023 financial year.
Vice Chairman 1 : Operations & Information 4. Carry out routine monitoring of the development
Technology Director status of Information Technology projects for the
Vice Chairman 2 : Strategy, Finance & SPAPM Director 2023 financial year.
5. Determine the suitability of IT with the needs of
Member: the Bank’s management information system and
1. Risk Management Director business activities.
2. Consumer Banking Director 6. Review/monitor IT budget usage and capital
3. Treasury & Capital Markets Director expenditure.
4. Sharia Banking Director 7. Monitor IT service efficiency.
5. Business Banking Director 8. Monitor and provide direction on IT problems.
6. Compliance, Corporate Affairs & Legal Director 9. Analyze the Bank’s IT resources.
7. Human Resources Director 10. Determine recommendations for a Cyber Security
8. Chief Audit Executive Strategic Plan for monitoring cyber security incidents
9. Chief of Network & Digital Banking on the Bank’s systems.
10. Head of Information Technology
(concurrently Secretary)
11. Head of Cyber Security
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2024 WORK PLAN 5. Sharia Banking Director
1. Recommendations for the 2024-2025 IT Strategic 6. Business Banking Director
Plan. 7. Human Resources Director
2. Recommendations for the formulation of key IT 8. Chief Special Asset Officer
policies, standards and procedures. 9. Chief Audit Executive
3. Recommendations for budget formulation for IT
projects for the 2024 financial year along with project Secretary:
priorities in accordance with the IT strategic plan. Head of Non-Retail Credit Policy and Assurance Testing.
4. Recommendations for implementing IT projects.
5. Recommendations for suitability of IT with The profiles of CPC members are presented in the Profiles
management information system needs and Bank of Directors and Senior Executives in the Company Profile
business activities. Chapter of this Annual Report.
6. Review/monitor the use of the IT budget and capital
expenditure. DUTIES AND RESPONSIBILITIES
7. Monitoring IT service efficiency. 1. Determine the direction of credit policy (including
8. Monitoring IT problems. risk acceptance criteria, process and credit approval),
9. Recommendations for analysis of the Bank’s IT in line with the Bank’s risk appetite to encourage
resources. credit growth with good quality while still considering
10. Recommendations for a Cyber Security Strategic Plan prudential banking practices.
for monitoring cyber security incidents against the 2. Establish and ensure consistency:
Bank’s systems. a. Bank compliance with credit management
policies and applicable regulations, especially
CERTIFICATION those governing significant risk exposures;
ITSC membership does not require any certain b. Approval of the Bank’s credit management
certification. policies and strategies; And
c. Supervision of credit policy implementation.
CREDIT POLICY COMMITTEE (CPC) 3. Approve the criteria for selecting Bank’s Senior
Executive as members of the Credit Committee.
MAIN FUNCTIONS AND AUTHORITY
CPC assists the Board of Directors in formulating credit MEETINGS, QUORUM AND DECISION MAKING
policies as well as providing suggestions for improvements 1. Meetings are held a minimum of 10 (ten) times a year.
related to credit policies. CPC also functions to ensure 2. A meeting is valid and has the right to make binding
compliance with the principles of corporate governance decisions if attended and/or represented by more
in the field of credit policy for the benefit of the Bank and than 2/3 (two thirds) of the total number of members
its stakeholders. provided that it must include at least more than 2/3
(two thirds) of the members of the Board of Directors.
STRUCTURE AND MEMBERSHIP 3. Meeting decisions must be taken based on
CPC members consist of at least 2/3 (two thirds) of the deliberation to reach consensus.
total members of the Board of Directors, plus Executive 4. In the event that a decision based on deliberation to
Officers one level below the appointed Directors. The CPC reach consensus is not reached, then the decision
Membership Structure has been adapted to POJK No.42/ is taken by voting based on the affirmative votes of
POJK.03/2017 concerning Obligations for Preparing more than 2/3 (two thirds) of the total number of
and Implementing Credit or Bank Financing Policies members present, provided that it must include more
for Commercial Banks. The CPC membership structure than 2/3 (two thirds) affirmative votes from members
consists of the Chairman, Vice Chairman and Members of the Board of Directors.
of the Committee, as mentioned below.
2023 WORK PROGRAM REALIZATION
CPC MEMBERSHIP STRUCTURE Update and adjustment of Credit Policy (conventional
Chairman : President Director and sharia):
Vice Chairman 1 : Risk Management Director
Vice Chairman 2 : Consumer Banking Director A. Commercial Credit Terms
Revamp, adjustments and updates to credit policies
Member: include:
1. Treasury & Capital Markets Director 1. Policies related to Determining Asset Quality in
2. Operations & Information Technology Director accordance with OJK Regulation No. 19 of 2022
3. Compliance, Corporate Affairs & Legal Director concerning Special Treatment for Financial Services
4. Strategy, Finance & SPAPM Director Institutions (including Banks) in Certain Regions and
Sectors in Indonesia that are Affected by Disasters.
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2. Policies related to Handling Non-Performing 4. Revamp to the TOR and Membership Notification
Loans regarding: of Special Asset Management Committee (SAMC).
a. Handling of COVID-19 is in accordance with
KDK No.34/KDK.03/2022 regarding the D. Provisions Related to Transaction Banking
Determination of the Sector for Providing Revamp, adjustments and policy updates include:
Accommodation and Providing Food and 1. Trade Finance Product Policy regarding Pre-
Drink, the Textile and Textile Products Shipment Financing, and other changes including
and Footwear Sector, the Micro, Small and sub-chapters: Anti-Money Laundering, Insurance
Medium Business Segment, and the Province Provisions on Sight & Usance L/C / SKBDN
of Bali as a Sector and Regions That Require Issuance, Glossary of Terms & Definitions, Bank
Special Treatment for Bank Loan or Financing Guarantee, Negotiation/Discount on Export Bills
& OJK Press Release No.85-DHMS-OJK-XI-2022 (NWE/DWE), and Sub-chapter Update Notification:
regarding Targeted and Sectoral Loan and Trust Receipt (TR), Correspondent Bank Bill
Financing Restructuring Policy to Address the Discounting (CBBD), Shipping Guarantee, Risk
Continued Impact of the COVID-19 Pandemic. Participation, Forfaiting, PTK Trade AP, PTK Trade
b. Temporary Capital Investment is in accordance AR, and Aval.
with POJK No.22 of 2022 concerning Capital 2. Notification of Trade Finance iB Product Policy.
Investment Activities by Commercial Banks. 3. Lending Model Value Chain-As Per Amendment to
3. Policies related to Providing Loan regarding: KKK – Credit Program.
a. Revocation of restrictions on granting loan
for land acquisition in accordance with POJK E. Provisions related to Emerging Business Banking
No. 27 of 2022, second amendment to POJK (EBB) and Consumer
No. 11/POJK.03/2016 concerning Minimum In 2023, there were policy adjustments for Consumer
Capital Requirements for Commercial Banks. Credit products and the EBB Segment to external
b. Country Risk and Transfer Risk are in policies issued by regulators, government regulations
accordance with POJK No. 17 of 2023 and business strategies in accordance with the risk
concerning the Implementation of Governance levels defined by the company.
for Commercial Banks on the implementation
of bank risk management which includes 2024 WORK PLAN
Country Risk and Transfer Risk. 1. Evaluate and update credit policies/strategies to
4. Regular updating of other provisions related reflect current conditions and regulations in force,
to Credit Programs, Credit Concentration, including adjustments to macroeconomic conditions,
Appetite Sector, Credit Organization & Authority, regulatory regulations, and bank risk appetite. This
Commercial Credit Facilities, Internal Credit ensures good credit growth while remaining prudent.
Rating (ICR), Credit Collateral, Credit Documents, 2. Approve the proposed credit policy and/or revamp as
Appointment of Third Parties Related to Credit proposed in point 1 above.
(Private Auctioneers, Legal Advisors, and Public 3. Supervise and ensure that the implementation
Accounting Firms). of credit policies is in accordance with applicable
internal and external regulations.
B. Treasury Provisions
Revamp, adjustments and updates to credit policies CERTIFICATION
include: CPC membership does not require any certain
1. Revamp in the counterparty Policy. certification.
2. Revamp in Delegated of Authority for Treasury
Good Fund Transactions at Deal Date (No Lines). LEGAL BASIS OF APPOINTMENT, TERM
3. ISDA Policy Revamp. OF OFFICE & WORK GUIDELINES OF THE
EXECUTIVE COMMITTEE (EXCO)
C. Approval Authority The legal basis for the appointment and term of office
Revamps, adjustments and policy updates include: of all Exco members is stipulated in the respective
1. Proposed Revamp in Decision Authority regarding Terms of Reference (TOR) which also constitute the work
Sustainable Financing (SF) Deviations. guidelines for each Exco.
2. Revamp in the Non-Retail TOR related to the
Expansion of the Coverage Authority of the Non-
Performing Loan Credit Committee (NPLCC).
3. Revamp in Financial Institution Terms of
Reference.
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MECHANISM FOR APPOINTMENT AND EXCO STATEMENT OF INDEPENDENCE
DISMISSAL OF EXCO CHAIRMAN All Exco member declares that they have fulfilled all
The EXCO Chairman is appointed and dismissed by the independence criteria, are able to carry out their duties
Bank’s Board of Directors. independently, uphold the interests of the Bank and
cannot be influenced by any party.
EXCO MEMBERS TRAINING
In 2023, Exco member training is presented in the Bank’s
training data in the Company Profile Chapter of this
Annual Report.
FREQUENCY AND ATTENDANCE RATE OF BOARD OF DIRECTORS AT THE EXECUTIVE COMMITTEE (EXCO)
MEETINGS IN 2023
Frequency and Attendance Rate
Name
RMC ALCO ITSC CPC
Lani Darmawan 11/12 (92%) 13/14 (93%) 4/4 (100%) 11/12 (92%)
Lee Kai Kwong 11/12 (92%) 12/14 (86%) 3/4 (75%) 11/12 (92%)
John Simon 11/12 (92%) 12/14 (86%) 4/4 (100%) 11/12 (92%)
Fransiska Oei 11/12 (92%) - 3/4 (75%) 11/12 (92%)
Pandji P. Djajanegara 10/12 (83%) 12/14 (86%) 3/4 (75%) 11/12 (92%)
Tjioe Mei Tjuen 11/12 (92%) - 4/4 (100%) 12/12 (100%)
Henky Sulistyo 11/12 (92%) 14/14 (100%) 4/4 (100%) 12/12 (100%)
Joni Raini 12/12 (100%) - 4/4 (100%) 12/12 (100%)
Rusly Johannes 11/12 (92%) 13/14 (93%) 4/4 (100%) 11/12 (92%)
Noviady Wahyudi 11/12 (92%) 11/14 (79%) 4/4 (100%) 12/12 (100%)
In addition to the four Exco, CIMB Niaga also has a Special Committee (Speco), which is established by the respective
Director and is optional and based on the Bank’s needs. These committees include the Operational Risk Committee
(ORC), Executive Credit Committee (ECC), Non-Performing Loan Credit Committee (NPLCC), Asset Quality Committee
(AQC), and Customer Experience Committee (CXC).
Speco members consist of 1 (one) Director in charge and other related Directors (if necessary), as well as several
Executive Officers determined at the Speco meeting. The delegation of duties and responsibilities for each Speco is
regulated in the Terms of Reference (ToR) of the respective committee.
Corporate Secretary
CIMB Niaga has a Corporate Secretary who is in charge LEGAL BASIS
and responsible of maintaining the Bank’s image and CIMB Niaga has appointed Fransiska Oei as Corporate
protecting the interests, through effective communication Secretary under CIMB Niaga Board of Directors’ Circular
and relationships with stakeholders as well as acting as Resolution No.001/SIR/DIR/IX/2016 dated 21 September
a liaison between the Bank and shareholders and other 2016, in accordance with POJK No. 35/POJK.04/2014
stakeholders. The Corporate Secretary shall also ensure dated 8 December 2014. The appointment was reported
the Bank’s comply with the regulations and legislation, to the OJK on 23 September 2016 and announced to the
particularly in the Capital Market sector. public via the OJK Electronic Reporting Facility system, or
IDXNet, on the same date.
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CORPORATE SECRETARY e. Organizing the bank-wide orientation program
(HEAD OF CORPORATE SECRETARY) PROFILE for new members of Board of Commissioners and
Board of Directors members.
4. Coordinate with the Investor Relations unit to ensure
The complete profile is presented in Annual Public Expose as well as other required Public
the Board of Directors Profile in this Exposes, including Analyst Meeting are regularly held.
Annual Report.
5. Ensure the delivery of information to shareholders is
equally implemented for every shareholders of the
Bank.
Fransiska 6. Jointly responsible for the implementation of the
Bank’s Corporate Actions in coordination with the
Oei
Finance unit and/or other appointed units as well as
with Capital Market supporting institutions.
7. As a liaison between the Bank and its shareholders,
Corporate Secretary
regulators, and other stakeholders.
8. The Corporate Secretary and employees in their
TERM OF OFFICE AND DOMICILE work units are obliged to maintain the confidentiality
Fransiska Oei has served as Corporate Secretary effective of confidential documents, data, and information,
since 26 September 2016 until the present. She is except when required to fulfill obligations under
domiciled in Jakarta, Indonesia. applicable laws and regulations or as otherwise
specified in applicable laws and regulations.
ORGANIZATIONAL STRUCTURE OF 9. The Corporate Secretary and employees in their work
CORPORATE SECRETARY units are prohibited to take any personal advantage,
directly or either directly, that would be detrimental
Compliance, Corporate Affairs to the Bank.
& Legal Director 10. The Corporate Secretary and employees in their work
units shall improve their knowledge by pursuing
education and/or training that will support the
implementation of their duties and responsibilities.
Head of
Corporate Secretary 11. Prepare and maintain a list of shareholders with
ownership of 5% (five percent) or more of the
company’s shares, as well as a list of the 20 (twenty)
largest shareholders, and upload the said information
Corporate Affairs on the Bank’s website.
12. Provide a special list containing information regarding
the shares of members of the Board of Commissioners
DUTIES AND RESPONSIBILITIES and Board of Directors and their families in the Bank,
The CIMB Niaga Corporate Secretary’s duties and its affiliates, and/or other companies, including,
responsibilities include the following: among other things, share ownership, business
1. Keep abreast of developments in of the capital market relationships, and other roles that lead to a conflict of
in particular, as well as applicable and the prevailing interest with the Bank, and upload such information
laws and regulations in the Capital Market. to the Bank’s website.
2. Provide input to the Board of Commissioners 13. Timely submissions of reports related to provisions
and Board of Directors to comply with laws and in the Capital Market, both periodic and incidental
regulations in the Capital Market. reports to the regulators.
3. Assist the Board of Commissioners and Board 14. Conduct disclosure of information to the public in
of Directors in implementing Good Corporate accordance with applicable laws and regulations.
Governance, which includes: 15. Improve and align the Bank’s Governance
a. Public disclosure of information, including its implementation with the OJK and ASEAN CG Scorecard
availability on the Bank’s website; principles.
b. Timely submission of reports to the Regulator;
c. Implementation and documentation of the GMS; IMPLEMENTATION OF DUTIES IN 2023
d. Implementation and documentation of meetings Throughout 2023, the Corporate Secretary carried
of the Board of Commissioners and/or Board of out duties and responsibilities in accordance with her
Directors, including the preparation of meeting function, as detailed below:
minutes; and
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1. Organize a GMS in accordance with POJK No. 15/ 5. Collaborate with the Investor Relations unit in
POJK.04/2020 and POJK No. 16/POJK.04/2020, as well convening the 2023 of Annual Public Expose
as complied with the COVID-19 protocol, namely the electronically and quarterly analyst meetings
2023 Annual GMS (AGMS) on 10 April 2023, the First held either in the form of video conferences/
Extraordinary GMS (EGMS) on 9 October 2023, and the teleconferences/webinars or in-house meetings.
Second EGMS on 19 October 2023 as the attendance 6. Organized 8 (eight) Board of Commissioners meetings,
quorum was not met at the first EGMS. Details of the held and attended 5 (five) meetings of the Board of
implementation of the GMS are explained in the GMS Commissioners together with or attended by the Board
Sub-Chapter in the Corporate Governance Report of Directors, and held committee meetings at the Board
Chapter of this Annual Report. of Commissioners level, consisting of: 13 (thirteen)
2. The implementation of the GMS has also provided an Audit Committee Meetings; 1 (one) Joint Meeting of the
alternative to authorize proxy electronically (e-proxy) Audit Committee and CIMB Group Audit Committee; 12
and electronic voting (e-voting) through the eASY.KSEI (twelve) Risk Oversight Committee meetings; 9 (nine)
application and e-voting at the GMS venue. Nomination and Remuneration Committee meetings;
3. Continually updating the information on the Bank’s and 2 (two) Integrated Governance Committee
website, including information regarding the Bank’s meetings; as well as prepare and administer minutes of
corporate data, corporate actions, and information meeting and attendance lists.
disclosure, particularly regarding Corporate 7. Organized 43 (thirty-three) Board of Directors
Governance and Investor Relations, in order to meetings and 4 (four) joint Board of Directors meetings
improve the quality and accessibility of disclosure with or attended by the Board of Commissioners,
information of the Bank to all stakeholders. as well as preparing and administering minutes of
4. Keep abreast on development in the capital market meeting and attendance lists, and organizing and
particularly applicable laws and regulations, to ensure attending Executive Committee (Exco) meetings
compliance with new regulations issued by the OJK, minutes of meeting.
IDX, and other capital market regulators, and convey 8. Submit periodic and incidental reports to regulators
this information to the Board of Commissioners and in accordance with relevant regulations.
Board of Directors, among others: 9. Disclose information to the public in accordance with
a. OJK Regulation (POJK) No. 9 of 2023 concerning applicable regulations.
the Use of Public Accounting Services and Public 10. Administer, distribute, and follow up on all incoming
Accounting Firms in Financial Services Activities; letters received by the Bank and addressed to the
b. POJK No. 14 of 2023 concerning Carbon Trading Board of Commissioners and/or Board of Directors.
via the Carbon Exchange; In 2023, the Bank received 24,555 (twenty-four
c. POJK No. 18 of 2023 concerning the Issuance thousand five hundred and fifty-five) letters
and Requirements for Debt Securities and Sukuk addressed to the Board of Commissioners and/or
based on Sustainability; Board of Directors, including those from the OJK,
d. POJK No. 17 of 2023 concerning the Implementation Bank Indonesia, the Indonesia Stock Exchange (IDX),
of Governance for Commercial Banks; the Indonesian Central Securities Depository (KSEI),
e. POJK No. 29 of 2023 concerning Buyback of Shares the National Private Bank Association (PERBANAS),
Issued by Public Companies; the Indonesian State Court, the Indonesian National
f. OJK Circular No. 12/SEOJK.04/2023 concerning Police, the Director General of Taxes, and others.
Procedures for Organizing Carbon Trading via the 11. Prepare documentation and assist the Fit and Proper
Carbon Exchange; Test process for prospective members of Board of
g. Decree of the Board of Directors of the Indonesian Commissioners and/or Board of Directors of CIMB
Stock Exchange No. Kep-00077/BEI/5-2023 dated Niaga.
31 May 2023, concerning Regulation No. I-L 12. Conduct orientation programs for prospective
regarding Securities Suspension. members of Board of Commissioners and/or Board
h. Decree of the Board of Directors of the Indonesian of Directors of CIMB Niaga.
Stock Exchange No. Kep-00315/BEI/11-2023, enacted
on 4 December 2023, regarding Regulation Number COMPETENCY DEVELOPMENT
I-X concerning the Placing of Equity Securities Listings Throughout 2023, the Corporate Secretary attended a
on the Special Monitoring Board; variety of training/seminars/workshops/knowledge sharing
i. Presidential Decree (KEPPRES) No. 17 of 2023 sessions to help develop competencies. The Corporate
concerning the Determination of the End of the Secretary’s training and competency development have
Corona Virus Disease 2019 (COVID-19) Pandemic been documented in the Board of Directors section in the
Status in Indonesia; Corporate Governance Chapter of this Annual Report.
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DISCLOSURE OF INFORMATION IN 2023
In 2023, the Corporate Secretary disseminated information related to CIMB Niaga to the public via mass media, the IDX
website, and the CIMB Niaga website in Bahasa and English. The Corporate Secretary has also submitted periodic and
incidental reports to the IDX and OJK, including the following details:
PERIODIC REPORT
Reporting
No. Type of Report Designation Total
Period
1 Monthly Report of Securities Holder Registration of BNGA OJK & IDX Monthly 12
2 Consolidated Financial Statements of Bank and Subsidiaries OJK & IDX Quarterly 4
(Unaudited)
3 Annual Financial Statement (Audited) OJK & IDX Annually 1
4 Annual Reports (including the Corporate Governance Report, the Company’s Sharia OJK & IDX Annually 1
Business Unit Governance Report, and the CIMB Indonesia Financial Conglomerate
Integrated Governance Report)
5 Sustainability Report OJK & IDX Annually 1
6 Annual Rating Results Report OJK & IDX Annually 1
7 Annual Report of Parent Entity and Subsidiaries of the Bank (Report of Banks that OJK Annually 1
are part of the business group)
8 List of Related Parties Details Report OJK Semi-annually 2
9 Annual Public Expose Results Report IDX Annually 1
INCIDENTAL REPORT
Throughout 2023, CIMB Niaga has disclosed information 23 (twenty-three) incidental reports to regulators (OJK and/or
IDX).
Detailed information regarding the periodic reports and incidental reports above can be found and accessed on the
CIMB Niaga website at https://investor.cimbniaga.co.id/newsroom.html/year/2023 or by scanning the following QR
Code:
Internal Audit Unit (IA)
The main task of the Bank CIMB Niaga Internal Audit independent and objective assurance, consulting,
Unit (IA) is to ensure that the Bank’s management and advisory services that can add value to the Bank’s
and operational processes are in compliance with operations.
applicable rules and regulations while also supporting
the Bank’s interests and objectives. IA is also responsible INTERNAL AUDIT CHARTER
for ensuring that the adequacy and internal control In carrying out its duties and responsibilities, IA is
processes are functioning properly. IA helps the Bank guided by the Internal Audit Charter, which contains
achieve its objectives by assessing and improving the the main principles of IA’s professional practices,
effectiveness of governance, internal control processes, vision and mission, objectives, structure and position,
and risk management. IA CIMB Niaga also provides authorities, duties and responsibilities, function and
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scope of assignment, independence and objectivity, 6. Important financial, managerial, and operational
professionalism, impartiality, rights and obligations of the information must be accurate, reliable, and timely.
Head of IA (Chief Audit Executive), as well as the IA code 7. Resources are obtained economically, utilized
of ethics. The Internal Audit Charter was last updated efficiently, and protected adequately.
on 26 June 2023, and was approved by the President 8. Programs, plans, and targets are achieved well.
Director and Board of Commissioners. 9. Quality and continuous improvement are inherent in
CIMB Niaga’s control processes.
The Internal Audit Charter is a form of compliance with 10. Opportunities to improve CIMB Niaga’s management
OJK Regulations and OJK Circular Letters, related to controls, profitability, and reputation are identified
the Implementation of the Internal Audit Function in and disclosed in the audit.
Commercial Banks, the Establishment and Guidelines
for Preparing Internal Audit Charters, Financial PARTY WHO APPOINTS AND DISMISSES HEAD
Conglomerates, Implementation of Information OF IA (CHIEF AUDIT EXECUTIVE)
Technology by Commercial Banks, Implementation of IA is chaired by the Chief Audit Executive, who is
Risk Management for Commercial Banks, Standard appointed and dismissed by the President Director with
Guidelines for Internal Control Systems for Commercial the approval of the Board of Commissioners and based
Banks, Confidentiality and Security of Consumer Data on the recommendation from the Audit Committee.
and/or Personal Information; as well as best practices Currently, the Chief Audit Executive is Antonius Gunadi,
in referrence to the IPPF (International Professional who has been in office effectively since 3 January 2017,
Practice Framework) standards from IIA (The Institute of based on Decree No. 024/HROB/HRS/XII/2016. The
International Auditors). appointment was reported to OJK in letter No. 008/DIR/
XII/2016 dated 19 December 2016.
The Internal Audit Charter regulates the implementation
of audits and guidelines to ensure: STRUCTURE AND POSITION OF IA IN THE
1. Effectiveness, efficiency and adequacy of internal ORGANIZATION
control system, risk management and sustainable In line with POJK No. 1/POJK.03/2019 dated 28 January
governance. 2019 concerning Implementation of the Internal
2. Reliability, effectiveness, and integrity of information Audit Function in Commercial Banks and POJK No. 56/
management processes and systems, including POJK.04/2015 dated 29 December 2015 concerning
relevance, accuracy, completeness, availability, and Establishment and Guidelines to Prepare the Internal
confidentiality of data. Audit Charter, IA is directly responsible to the President
3. Compliance with applicable laws and regulations. Director and, in the matrix, to the Board of Commissioners
4. Quality of the organization’s performance. through the Audit Committee.
5. Interaction with various governance groups has been
running as it should.
Board of
President Commissioners
Director through Audit
Committee
Chief Audit
Executive
Technology TB, Risk
Business Banking & Operation, Network Professional
Enablers Assurance and Management,
Consumer Banking & Syariah Practices
Data Analytic Treasury & Product
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PROFILE OF HEAD OF IA (CHIEF AUDIT EXECUTIVE)
The complete profile may be found in the Profile of Senior Executives
Trainings for Chief Audit Executive are listed in the Company Profile Chapter of this Annual Report.
Certification Award
Certified Internal Auditor (CIA) Top 200 – The Next Leader under 50 in the
Certificate Business Analytics: From Data to Financial Sector from Infobank
Antonius Insights, the Wharton School
Level 5 Risk Management Certification
Gunadi Organization Membership
Bank Internal Auditor Association (Ikatan
Auditor Intern Bank or IAIB) – Chairman
(2020–2026)
Chief Audit Executive Bank Internal Auditor Association (Ikatan
Auditor Intern Bank or IAIB) – Head of
Membership and Organization (2017–2020).
DUTIES AND RESPONSIBILITIES OF IA 10. Informing the status of corrective actions regarding
As stated in the Internal Audit Charter, IA has the following audit findings and audit recommendations to the
duties and responsibilities: Board of Directors and Board of Commissioners
1. Assisting the President Director and Board of through the Audit Committee.
Commissioners in supervision by operationally 11. Informing the Anti-Fraud Management unit about
defining the planning, implementation, or monitoring indications of fraud discovered by the audit team.
of audit results. 12. Preparing measurements to assess the success of
2. Analyzing and assessing finance, accounting, performance and achievement of IA goals.
operations, and other activities through audit. 13. Preparing and storing adequate audit working papers
3. Identifying all opportunities to improve and increase in accordance with applicable regulations.
efficient use of resources and funds. 14. Implementing and delivering Quality Assurance
4. Providing suggestions for improvements and and Improvement Programs (QAIP) which covers all
objective information about the activities examined aspects of IA activities. The QAIP includes evaluating
in all management activities. IA compliance with the definition of Internal Audit and
5. Preparing and implementing an annual audit plan Standards, as well as evaluating whether the auditor
based on a comprehensive risk assessment-based implements the code of ethics. QAIP also assesses
methodology. The annual audit plan and budget the efficiency and effectiveness of IA activities and
allocation are approved by the President Director and identifies opportunities for improvement.
the Board of Commissioners by taking into account 15. Reporting specifically to OJK regarding IA’s findings
recommendations from the Audit Committee. that may significantly disrupt CIMB Niaga’s business
6. Executing audit activities and providing assessments continuity. Reports must be submitted no later than 3
on the efficiency and effectiveness in finance, (three) days after discovery.
accounting, operations, human resources, marketing, 16. Reporting to OJK regarding the results of external
information technology, and other activities. review containing opinions on IA’s work result and
7. Periodically reporting to the Board of Directors compliance with PPFAIB, as well as improvements
and Board of Commissioners through the Audit that can be made.
Committee regarding the objectives, authority, and 17. In terms of implementing the Integrated Governance
responsibilities, as well as the performance of IA and with CIMB Niaga’s role as the Main Entity that
activities compared to the plans. Reporting also already has an established IA, the implementation
includes exposing significant risks and control issues. of Integrated IA tasks is carried out by the existing IA
8. Preparing semester reports on the Implementation with the following responsibilities:
Report and Internal Audit Results to OJK for a a. Auditing at Financial Services Institutions (FSI)
summary of audit activities and significant audit either individually, joint audits, or based on
findings, no later than 1 month after the end of the reports from IA FSI.
period. b. Monitoring and evaluating the implementation
9. Monitoring the implementation of follow-up on of Integrated IA in each member of the
audit findings and recommendations. All significant CIMB Indonesia Financial Conglomeration,
audit findings will remain in “open” status until the coordinating with all IA members of the CIMB
findings are resolved. This includes informing the Indonesia Financial Conglomeration according
Audit Committee regarding Management Acceptance to their functions, and compiling the results
of Risk (if any). of the implementation of Integrated IA from
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Highlights Reports Profile and Analysis Management
each member of the CIMB Indonesia Financial INTERNAL AUDITOR CODE OF ETHICS
Conglomeration, periodically (every semester). The Chief Audit Executive and all IA employees are
c. Preparing and submitting reports on the required to follow the CIMB Niaga Code of Ethics and
implementation of the duties and responsibilities Code of Conduct, as well as the CIMB Niaga Internal
of Integrated IA to the Director appointed to Auditor Code of Ethics, which is based on and refers to
supervise FSI in the Financial Conglomeration, the Institute of Internal Auditors’ Code of Ethics. Every
Director of Compliance of Main Entity and Board year, all IA members receive a refresher on the Code
of Commissioners of Main Entity. of Ethics and sign a statement about it. The CIMB Niaga
Internal Auditors Code of Ethics is as follows:
Internal Auditors maintain the confidentiality
The integrity of the Internal Auditors of information received and are not authorized
1 2
builds a sense of trust and thereby to disclose it without clear authority, except in
provides a basis for confidence in the accordance with the Bank’s policy regarding
assessment they provide. provision of information/data/documents to
Integrity Objectivity external parties.
Internal auditors must demonstrate high
professional objectivity in collecting, evaluating,
and communicating information regarding 3 4 Internal Auditors apply the knowledge,
the activity or process being audited. Internal Confidentiality Competency skills, and experience needed to provide IA
auditors carry out a balanced assessment of all services.
existing relevant facts without being influenced
by their own or other people’s interests.
HUMAN RESOURCES AND PROFESSIONAL CERTIFICATION
As of 31 December 2023, the number of IA employees was recorded at 112 people including the Chief Audit Executive.
In developing competencies, IA conducts a comprehensive review of existing competency models (Competency
Framework) in accordance with organizational and professional developments, including aligning them with CIMB
Niaga’s core competencies as well as designing a learning journey for auditors. IA also supports every IA member to
become a Digital-Data-Design (3D) talent.
By having a competency model and learning journey, IA can develop a structured and directed auditor development
program to be able to produce quality auditors who can perform their duties and responsibilities well. IA continues to
improve the expertise and competence of auditors by involving its auditors in various training programs, seminars,
workshops, and certification training.
Throughout 2023, IA was active in participating in various training programs totaling 204 trainings which is equivalent to
13,328 hours. The following are examples of several training programs and webinars that were participated in:
Name of Training//Workshop/Conference/Seminar Organizer Date & Place
Writing Effective Reports: Easy to Read and Easy to Understand Tempo Institute 21–22 February 2023
Jakarta
IAIB National Conference 2023: The Future Role of Internal Audit in the IAIB 12–13 July 2023
Financial Services Industry Tangerang
Cambridge Institute for Sustainability Leadersip Cambridge 15 February–30 June 2023
Online
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IA also obtained very diverse certifications, starting from required certifications such as Risk Management Certification,
as well as local & international certifications that support audit performance.
National Certifications
64
23
14
11 10 8
8
4 4 4 4 2 2
1 1 1 1
5
4
3
2
1
IA
PO
-A
Ak
-S
B
A
A
P
rA
A
A
M
CP
RS
CL
Lv
Lv
Lv
Lv
Lv
IA
ET
ET
Q
IA
CF
CD
CR
CB
CB
EV
EV
R
R
R
R
R
SM
SM
SM
SM
SM
BR
BR
Notes:
SMR lv 1 – 5 : Risk Management Certification Level 1 - 5 Brevet A, B : Tax Certification
QIA : Qualified Internal Auditor CPA : Certified Public Accountant
CDPO : Certified Data Protection Officer CRMP : Certified Risk Management Professional
Ak : Accountant CFrA : Certified Forensic Auditor
CBIA-A : Certified Bank Internal Auditor level Auditor RSA : Registered Securities Analyst
CBIA-S : Certified Bank Internal Auditor level Supervisor CLA : Certified Legal Auditor
International Certification
20
14
8
6
5
4 3
2 2 2 2 2 2
1 1 1 1 1 1 1 1 1
13
tio ile
SA
H
ne e
ity
E
A
TS
u
S
A
RS
1
C
A
ist
SM
t
A
CA
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IS
BI
CI
CS
CP
CE
da Ag
tit Ag
n
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nt
ur
BI
20
CS
CI
GR
CR
CA
IT
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CR
37
bl
ie
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ec
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Pr ince
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rs
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AS
ta
27
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Da
ifi
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to
A
SO
rt
CF
di
ed
Ce
rI
Au
ifi
to
rt
di
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Notes:
Au
CISA : Certified Information System Auditor ISC2 : Cybersecurity Certification from International
CEH : Certified Ethical Hacker Information System Security Certification Consortium
COBIT5 : Certified Objective for Information and Related CSA : Certified Securities Analyst
Technology ASEAN CPA : ASEAN Chartered Professional Accountants
CRBIA : Certified Risk Based Internai Auditor CA : Chartered Accountant
CSRS : Certified Sustainabillty Reporting Specialist CAMS : Certified Anti Money Laundering Specialist
CRISC : Certified in Risk and Information System Controls CIA : Certified Internal Auditor
CFE : Certified Fraud Examiner ITIL ITSM : ITIL Foundation Certificate in IT Service Management
CFA Investment : Chartered Financial Analyst - Investment
GRCA : Governance Risk Compliance Audit
PARTICIPATION IN PROFESSIONAL ASSOCIATIONS
IA participated in a number of internal audit professional associations, including the Institute of Internal Auditors (IIA)
Indonesia, the Information Systems Audit and Control Association (ISACA), the Indonesian Accountants Association
(Ikatan Akuntansi Indonesia, or IAI), and the Bank Internal Auditors Association (IAIB). IA also participated as a speaker at
various institutions and seminars about benchmarking audit practices at IA CIMB Niaga. IA’s participation in professional
associations includes:
IA PARTICIPATION IN EXTERNAL ORGANIZATIONS
Organization Position Period
Ikatan Auditor Intern Bank (IAIB) Chairperson
Head of Communication Department
2020-2026
Member of Communication Department
Member of Education and Training Department
IIA Young Leaders Ambasador Member 2023-2024
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IA CIMB NIAGA’S PARTICIPATION AS SPEAKER IN EXTERNAL SEMINAR/WEBINAR
Name of Training/Workshop/Conference/Seminar Organizer Date & Place
Internal Capital Adequacy Assessment Process (ICAAP) IAIB 12 January 2023
Jakarta
Master Class GRC Foundation – Information Technology Audit Internal Audit Division 27 June 2023
Communication Forum Online
for SOE
National Conference - Retaining Talents and Developing Leaders IIA Indonesia 30 August 2023
Batam
Development of Probis and HRM Governance, Risk and Compliance OJK 6 October 2023
(GRC) Functions in the Digital Era Jakarta
Strengthening Internal Audit in the Insurance, Guarantee, Pension OJK 12 October 2023
Fund, Financing Institutions, Venture Capital Companies, and Other Jakarta
Financial Services Institutions Sectors
Critical Thinking and Root Cause Analysis in Banking Audit OJK 17 November 2023
Bogor
PwC Global Internal Audit and Global Risk Survey 2023 PwC 5 December 2023
Jakarta
AUDIT MANAGEMENT INFORMATION SYSTEM Audit Realization in 2023
IA uses the “TeamMate” audit management information (%)
system to monitor each stage of an audit, starting with 7 2
12
audit planning, audit implementation, reporting, and
monitoring the progress in completing follow-up audit
RBA
recommendations, as well as documenting audit working
Review
papers. The use of TeamMate aims to increase the 20
effectiveness and efficiency of IA’s operational activities. Continuous
TeamMate is still used today as an Audit Management Integrated
Information System that continues to be developed to Thematic
meet the needs of and support IA activities.
113
AUDIT METHODOLOGY
IA implements a risk-based audit methodology in In 2023, IA issued 923 audit recommendations, 309 of
a comprehensive manner, starting with the annual which were not yet due by 31 December 2023. All audit
audit planning stage and audit implementation. Risk recommendations that were due were promptly followed
assessments are carried out comprehensively, including up on.
risk assessments in work units at the head office, areas,
and branches. IA also carried out several activities apart from the
routine audit assignments, as follows:
Through this effort, IA can determine the risk rating and 1. Continued IA’s role in providing independent
audit frequency of each business or business support consultative reviews and advisory services to
unit in the Bank. IA also continues to improve processes, business units and business support. This includes
methods, and tools, as well as enhance the quality and IA providing input/review for every new CIMB Niaga
skills of its human resources so they can become trusted product development and activity proposed by each
business partners who provide added value to the Bank. Product Owner (PO) to the New Product and Activity
(NPA) Reviewer.
IA ACTIVITY REPORT FOR 2023 2. Conducted internal quality assurance & improvement
In 2023, IA completed 100% of audit assignments in program (QAIP) review of CIMB Niaga’s IA, including
accordance with the initial assignment plan (a total of 144 through an “in flight review“. The independent
audits). In addition to the initial assignment plan, IA also internal team (Professional Practices) reviewed audit
conducted audit assignments according to additional assignments during ongoing audit implementation
requests from management, bringing audit realization (In Flight Review) to be able to provide real-time
to 107% (154 of 144 audits). The realization of the recommendations with more added value and were
implementation of these audit activities is depicted in the more timely.
following diagram: 3. Continued to strengthen collaboration with each line
of business unit and support unit to improve the
Bank’s performance through good governance, risk
management, and internal control, with IA serving as
a trusted business partner.
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4. Continued to review policies and procedures that The development carried out by Data Analytics,
were applicable for IA to ensure they are always up to through continuous reviews of existing data analytics
date and in accordance with standards. parameters and machine learning models to be able
5. Published a Bulletin and distributed a “Weekly to detect early deviations/indications of deviations
Refresher” as communication and sharing media to all that had occured more effectively and make sure
IA staff with materials regarding audit methodology these were corrected immediately.
updates, knowledge sharing, and also latest topics of
the period. Improvement and development of data analytics were
6. In line with the Bankwide and Foward23+ programs, also conducted to be in line with the development
IA actively participated in Employee Volunteer of the IA organization and the growth of the Bank’s
Program (EVP) where IA participated in recycling business and operations. Based on the results of this
activities, donating used goods, donating basic food periodic study, the number of parameters produced
packages, blood donations, and charity runs/walks. by data analytics increased from 360 parameters
7. In line with Foward23+, Centers of Excellence (COE) in 2022 to 416 parameters in 2023. Meanwhile,
was formed at IA with the aim of developing the ability there were 10 machine learning models that had
of IA staff to become experts in certain fields. COE been developed until 2023. Data alerts generated
also functions as a platform for sharing knowledge, from data analytics parameters will be analyzed by
collaboration and innovation. auditors (including the data analytics audit team),
8. IA also organized an internship program “Audit and the results will be submitted to management in a
Graduation Program” which was aimed to develop continuous auditing report.
enthusiastic young candidates in starting their
careers in Internal Audit, by providing practical 2. Visualization
and professional trainings. This program equipped IA continues the visualization and development
participants with the skills, knowledge, and good of analytical data results in a clearer, more
attitude to be an auditor. structured, and easier-to-understand manner for
the stakeholders. Data visualization could be in the
KEY INITIATIVES IN 2023 form of diagrams, maps, graphs, or other visuals.
IA sustainably implemented several initiatives and Data visualization could describe relationships or
work plans in order to support the achievement of patterns between existing variables/parameters.
IA’s objectives to a world class Internal Audit and a Thus, visualization also helped the management
trusted business partner. IA also maximized the use of make effective decisions for problems that needed
Data Analytics which capable of conducting bankwide immediate action. Visualization used the Tableau
data audit, including covering 100% of branches and dashboard.
was carried out continuously (continuous auditing).
Specifically for branch inspections, the audit approach 3. Thematic Audit
was conducted in layers. Other than with continuous IA continued to conduct audits with a thematic
auditing, audits of branches were also carried out approach, which provided audit focus on certain
through Thematic Audits, Area Based Audits, CCTV areas/processes/products. By conducting a thematic
reviews, branch calls, and physical branch visit to certain audit, auditors could identify the root of the
branch offices. problem and provide comprehensive and effective
recommendations that could be implemented
During 2023, several key initiatives carried out by IA are bankwide.
as follows:
4. Quick hit consulting
1. Data Analytics Development Continuing IA’s role in providing consultative reviews
IA utilized Artificial Intelligence (AI) in the bank audit to business units and business supports, including
process. IA continually improved and developed Data conducting Quick Hit Consulting—brief discussions
Analytics (DA) in line with the industrial revolution with BU. BU responded positively to these activities
4.0 which was dominated by the development of because IA provided services beyond audit, which
digital devices, namely being able to develop oneself added value. IA continued to maintain independence
as a “3D (Digital, Data, Disruption) Ready” individual. in all of its activities.
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5. Business Monitoring • Providing input to the Management in improving
Business Monitoring was carried out routinely and control, as well as work and business efficiency
is not part of an audit. Business Monitoring offered and effectiveness.
benefits to both IA and management, including the
following: There was Collaboration Audit which was an Internal
• Developing strong collaborative relationships IA - attachment program in which auditors were
with business/business support units. exchanged between audit groups for one ongoing
• Having deeper understanding of the business and audit assignment to increase their knowledge of
operational activities of the business/business business processes, risks, and controls in the related
support units. unit. In 2023, 6 (six) auditors participated in this
• Acquiring the latest information regarding activity.
changes in business strategy, processes, risks,
and controls. 8. Guest Auditor Program
• Facilitating the sharing of key audit issues and IA continued the Guest Auditor program by inviting
changes in audit methods. business units/support units to be involved in
• Facilitating the networking between auditors and audits as guest auditors in order to facilitate the
Heads of related business/business support units. sharing of best practices and provide guest auditors
with an understanding of the audit process and
6. Aligned Assurance control framework, which could then be used and
In 2023, IA continued its aligned assurance implemented in business units and support units,
program with other assurance functions, such as respectively. Aside from that, the program aimed to
the Compliance team and Risk Management team, provide guest auditors with an understanding of the
to ensure that various assurance functions could internal control framework, risk identification, and
collaborate in planning a joint audit schedule so as control establishment, as well as an understanding
not to disrupt the auditee’s smooth operation during of the importance of the auditor’s role in assisting
the audit while also ensuring the assurance function management in achieving the Bank’s goals and
could run effectively and efficiently. strategies. In 2023, the Guest Auditor Program had
15 (fifteen) guest auditors.
7. Attachment Program
The Attachment Program is a program in which the 9. Agile Audit
auditor is assigned to perform a role (attachment/ IA also implemented the “Agile Audit” methodology in
on the job) in a business/support/operational unit audit assignments in 2023 with the aim of simplifying
with the goal of providing the auditor with a better the audit process by focusing on the scope of the
understanding of a business process, including the audit and monitoring the progress status of the audit
risks and controls implemented. In 2023, IA added process, increasing interaction with auditees to avoid
six auditors to this program for placement in the surprise findings.
Business/Support Unit.
POLICY AND FREQUENCY OF MEETINGS
The benefits of the attachement program inlcuded: WITH THE BOARD OF DIRECTORS, BOARD OF
• Increasing the auditor’s understanding on COMMISSIONERS AND AUDIT COMMITTEE
business processes, risks, and control in related Throughout 2023, IA participated as meeting participant
units. or delivered presentations in meetings of the Board of
• Increasing the auditor’s understanding on the Directors, Board of Commissioners, and Audit Committee
role of a task, including challenges in performing with the following frequency of attendance:
the said task.
Description BOD Meeting Audit Committee Meeting BOC Meeting
Frequency of Attendance 38 14 1*
*)
Joint meeting of BOC with BOD
IA PERFORMANCE EVALUATION
The Audit Committee conducts the IA performance assessment directly, which includes several assessment aspects such
as audit report quality, presentation skills, and IA performance. The evaluation of IA performance is conducted through
questionnaires to the auditees after the audit is completed and evaluation by Audit Committee. The questionnaire
distributed to auditees covers several assessment areas, including audit management, audit implementation, and audit
results delivery.
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The range of IA performance evaluation score from the they are able to provide added value to business units
Audit Committee is from 1 (far below expectations) to 5 and business supporters and support every IA member
(far above expectations). In 2023, assessment from the to become a 3D Talent.
Audit Committee for IA resulted in a score of 4.87, an .
increase from the previous year score of 4.83.
1
Additionally, in 2023, PT. Deloitte Consultant Indonesia 2
carried out a Quality Assurance Review of IA activities Cyber Security Data
and Resilience Governance &
with the result that IA activities were generally in line Protection
(Generally Conform) with POJK No. 1/POJK.03/2019, POJK
No. 11/POJK.03/2022, including SEOJK 21/SEOJK.03/2017 Account
Reconciliation
and IPPF. 6 & Monitoring 2024 KEY
AUDIT Credit/Loan
Process
WORK PLAN FOR 2024 FOCUS
For 2024, IA has created and established a work plan
3
with strategic priorities in continuing to optimize the role
of data analytics and visualization to support the entire Branch
Operations Regulatory Compliance
audit and continuous auditing process; continuing the include Sustainable
Requirement
attachment program initiative, guest auditor program, 5
business monitoring, and aligned assurance; continuing
IA’s role in providing consultative reviews and advisory 4
to business units and business supporters; and
continuously improving the competency of auditors so
Compliance Management Unit
Head of Compliance Management leads the Compliance Management Unit (CMU) of CIMB Niaga with the role and
function of enhancing the Compliance Culture in supporting good corporate governance practices. The CMU continuously
takes preventive measures to reduce compliance risk in business activities. Furthermore, the CMU also ensures that
policies, provisions, systems, and procedures, as well as business activities carried out by the Bank are in accordance
with Financial Services Authority (OJK) regulations as well as applicable laws and regulations, including ensuring that the
Bank has met all commitments to regulators on time.
LEGAL BASIS
The establishment of the CMU is based on POJK and SEOJK on the Implementation of Governance for Commercial Banks,
Integrated Governance, Bank Soundness Assessment, and Implementation of the Compliance Function in Commercial
Banks.
APPOINTMENT AND DISMISSAL MECHANISMS OF THE HEAD OF COMPLIANCE MANAGEMENT
Head of Compliance Management is appointed and dismissed based on the decision of the Board of Directors and has
been reported to the OJK.
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PROFILE OF HEAD OF COMPLIANCE MANAGEMENT
Educational History Certification
Bachelor Degree from Bandung Institute of Level 2 Compliance Certification
Technology (1992) Level 4 Risk Management Certification
Management Magistrate from Prasetya Mulya (BSMR)
Business School (1996)
Legal Basis of Appointment
Liston Work Experience
Decree No.253/HRPA/HRS/XI/2013 dated
Head of Compliance Management, CIMB Niaga 1 November 2013
Siahaan Division Head of Risk Management Group at Bank
Niaga
Group Head at National Banking Restructuring
Agency (BPPN)
Head of Compliance Management Analyst at PT Pefindo (Credit Rating Agency)
Age/Gender
55/Male
Nationality
Indonesia
Domicile
Jakarta
TRAINING OF HEAD OF COMPLIANCE MANAGEMENT IN 2022
No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
1 Cambridge Institute for Sustainability Leadersip (CISL) CISL 15 Februari – 13 June 2023
Online
2 Personal Data Protection & PDP Law Implementation for Banks CIMB Niaga 12 April 2023
Jakarta
3 Future of Self-service AI and Analytics Deloitte 16 Juni 2023
Online
4 ESG Socialisation by PwC PwC 28 August 2023
Online
5 RCU Leadership Program : Nunchi CIMB Niaga 3 October 2023
Jakarta
6 Sharia Strategy & Innovation Training – Executive Leaders 2023 CIMB Niaga 11 October 2023
Jakarta
COMPLIANCE PRINCIPLES 4. Compliance is implemented with competence and
To facilitate the implementation of a Compliance Culture, integrity in accordance with its responsibility;
CIMB Niaga has a policy that serves as a standard 5. Stakeholder-oriented;
compliance procedure and guide for all employees. With 6. Dedication to the Bank; and
a Compliance Culture, the Bank’s activities are consistent 7. Problem solving-oriented.
with regulations and the principle of prudence. These
policies and procedures are reviewed on a regular basis COMPLIANCE FUNCTION AT THE BANK
to ensure that they meet the bank’s needs and remain The implementation of the Compliance function at CIMB
current with regulatory changes. Niaga aims at the following:
1. Realizing the implementation of compliance culture
The implementation of the Compliance Function is at all levels of the Bank’s organization and business
an important part of Governance implementation. As activities;
a result, CIMB Niaga is committed to complying with 2. Managing compliance risks encountered by the Bank;
the rules and regulations through compliance risk 3. Ensuring that the policies, rules and regulations,
management. systems and procedures, as well as the activities
carried out by the Bank are in accordance with
The principles of compliance at CIMB Niaga are as follows: the regulations of OJK, other relevant laws and
1. Compliance starts at the top; regulations, including Sharia Principles for Sharia
2. Compliance is the responsibility of all parties; Commercial Banks and Sharia Business Units; and
3. Compliance is carried out to comply with laws and 4. Ensuring the Bank’s compliance with the commitments
regulations; made by the Bank to OJK and/or other competent
supervisory authorities.
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ORGANIZATIONAL STRUCTURE OF COMPLIANCE MANAGEMENT UNIT
Compliance, Corporate
Affairs & Legal Director
Head of Compliance
Management
Non-Credit Compliance Compliance
Regulatory Liaison Credit Advisory
Advisory Awareness & Review Reporting & Analytics
DUTIES AND RESPONSIBILITIES OF THE Throughout 2023, Compliance Management Unit
COMPLIANCE MANAGEMENT UNIT employees received a variety of education and training
1. Establishing compliance policies and procedures and courses to support their functions and roles, including:
performing periodic reviews or updates. 1. Effective Communication and Presentation Skill
2. Establishing a compliance program to support 2. Personal Data Protection & PDP Law Implementation
the development of a Compliance Culture in all of for Banks
the Bank’s business activities at every level of the 3. Diversity Inclusion at the workplace
organization. 4. Compliance Data Management
3. Identifying, measuring, monitoring, and controlling 5. RCU Leadership Program – “NUNCHI communication
the Compliance Risk per the requirements for technique”
implementing Risk Management in Commercial 6. Learning on the Go/LOG (such as: Data Management,
Banks and Sharia Business Units (SBU). IT Security Awareness, Enforce AML & CFT, Cybercrime,
4. Assessing and evaluating the effectiveness, adequacy, Refreshment Mandatory Certification Program)
and conformity of CIMB Niaga’s policies, guidelines,
systems, and procedures based on the regulatory CIMB Niaga also has employees whose tasks are directly
requirements. In addition, the Compliance Unit also related to compliance risk management in their work
reviews compliance aspects in the other work units. units in accordance with the compliance framework. This
5. Conducting review and providing recommendations work unit is on the first line (work unit) and is called the
for updating and refining current policies, guidelines, Risk Control Unit (RCU). As of 2023, 43 (forty three) RCU
systems, and procedures of the Bank in accordance employees have received compliance certification.
with the requirements from authorities, including
Sharia Principles for the SBU. COMPLIANCE MANAGEMENT UNIT WORK
6. Acting as the Bank’s liaison officer when dealing PLAN IN 2023
with the regulators, particularly regarding the 1. Programs and Activities of Compliance Awareness
implementation of compliance and regulatory audit. a. Updating the database of banking regulations.
7. Reporting the implementation of CIMB Niaga’s b. Socialization activities or training on external
compliance function and compliance status to the regulations. The socializations and trainings
Board of Directors and Board of Commissioners activities are carried out through online and other
through Compliance Director. electronic communication media.
8. Providing input/clarification regarding questions c. Training Program for RCU and Designated
from business units related to the implementation of Compliance & Operational Risk Officers (DCORO).
BI/OJK regulations. The CMU will actively cooperate with the RCU to
9. Preparing training/socialization programs regarding improve the competence of the RCU and monitor
external regulations for business/working units in the the implementation of compliance in the work
Bank. unit. The implementation will be carried out
10. Perform other tasks related to the Compliance Function. through the RCU Forum, which is carried out
regularly.
HUMAN RESOURCES AND PROFESSIONAL 2. Programs and Activities in Compliance Testing
CERTIFICATION a. Compliance testing on new product/activity
In 2023, CIMB Niaga had 27 (twenty-seven) employees in plans and new policies/procedures and their
the Compliance Management Unit, including the Head of amendments.
Compliance Management. All Compliance Management
Unit employees have received compliance and risk
management certifications.
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b. Providing advisory recommendations/opinions • Liquidity Coverage Ratio (LCR) is 252.31%, meeting
from the Compliance Unit upon request for advice the minimum limit requirement of 100%.
from other work units related to the fulfillment of • Net Stable Funding Ratio (NSFR) is 114.61%, meeting
compliance aspects. the minimum threshold requirement of 100%.
3. Programs and Activities in Monitoring Compliance • Net Open Position (on and off-balance sheet) is
Implementation 3.05%, meeting the maximum limit of 20%.
a. Strengthening the function and role of RCU in • Audit follow-up commitments to regulators can be
implementing the compliance framework, as fulfilled within the target time.
well as increasing RCU competency through
discussions/forums and training. IMPLEMENTATION OF COMPLIANCE
b. Risk Control Self-Assessment (RCSA) self- MANAGEMENT UNIT DUTIES IN 2023
assessment by RCU and reporting the results to 1. Training and Socialization of Regulations (Compliance
CMU. Awareness Program).
c. CMU reviews the RCSA self-assessment report, CMU carries out regulatory socialization through
including checking the implementation of Compliance News media (email) and training
compliance in work units. applications (e-learning LoG). CMU also administers
d. Monitoring follow-up of Bank’s commitments to and updates banking regulations database on the
the authorities. Bank’s internal portal (e-Manual). Various socialization
e. Monitoring compliance status within members and training activities include:
of the CIMB Indonesia Financial Conglomeration • RCU Forum and RCU Leadership.
(CIFC). • Compliance Agent Rewards for Business Units.
f. Implementation of compliance monitoring • Bi-Weekly Meeting Compliance Management
through ReCoM (Regulatory Commitment • Socialization of new regulations, workshops and
Monitoring) monitoring application. As well as refreshment on compliance aspects.
developing ReCoM to automate processes in • Compliance Certification.
implementing the compliance framework. • Develop compliance learning modules through
4. Programs and Activities in the Compliance Reports LoG
and Key Performance Indicators (KPI)
a. Self-assessment of compliance risk profile in the 2. Compliance Testing and Compliance Advisory.
Bank Health Level Report. CMU carries out compliance tests on internal policies
b. Regular Compliance Reports to the Board of as well as new products and/or activities to ensure
Directors, Board of Commissioners and Financial they comply with regulatory requirements. CMU also
Services Authority. provides opinions/advice to work units based on the
c. Preparation of KPIs related to compliance for principle of prudence and compliance with external
Directorates and Work Units, as well as KPIs for regulations.
RCU.
5. Integrated Compliance Function Activities 3. Implementation and Development of the Regulatory
a. Submit Integrated Compliance report on Compliance Management System (ReCoM).
the implementation of compliance in KKCI CMU continues to develop the ReCoM system to
periodically to the Board of Directors and Board support compliance programs and activities. The
of Commissioners of the Bank as the Main Entity. ReCoM application consists of the following modules.
b. Aligning the compliance framework with • COMMITMENT module, namely:
Compliance Function of FSIs who are members of - for monitoring and following up on the results
the CIFC. of inspections/audits that have been carried
out by the Regulator; And
COMPLIANCE INDICATORS IN 2023 - monitoring of reports (excluding periodic
• The Minimum Capital Adequacy Ratio (CAR) (for credit, reports submitted online) that must be
market and operational risk) is 23.50%, meeting the submitted to the Regulator.
minimum regulatory requirements. • FAQ (Frequently Asked Question) module, for
• There are no exceedances or violations of the Legal a database of questions and answers related to
Lending Limit (LLL). Compliance, both sourced from questions and
• Net Non-Performing Loans (NPL) is 0.71%, meeting answers from Regulators and business units.
the maximum limit of 5%.
• Average Daily Rupiah Minimum Reserve Requirement
(GWM) is 8.97%, meeting the minimum requirement
of 9%.
• Average Daily Minimum Reserve Requirement (GWM)
for Foreign Exchange is 4.09%, meeting the minimum
requirement of 4%.
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• P&P REVIEW (Policy & Procedure Review) module: 7. Compliance Report
to review/test compliance with policies and/or CMU submits reports on Bank’s compliance and
procedures by Compliance Management for work compliance activities to the internal parties and
units. authorized regulators in accordance with the
• RCSA (Unit Self-Assessment on Compliance Risk) provisions.
module: used to document compliance risks/
issues inherent in a work unit and the controls Compliance Activities 2023
it has. The work unit carries out its own risk Socialization of New Provisions 81 new provisions
assessment and control adequacy to ensure that by CMU
internal control in the work unit is adequate and Training by CMU 5,526 training participants
effective as well as identify necessary corrective Compliance test by CMU 488 compliance tests
actions to reduce risk exposure/compliance issues
based on the results of the unit’s self-assessment.
• MGA (Matrix Gap Analysis and New Regulation In addition to the above activities, CMU also carries out
Update) module: for administering external various initiatives to support and develop a Compliance
provisions and distributing summaries of new Culture, including:
provisions, including establishing follow-up on 1) Implementing and strengthening RCU functions and
new provisions and identifying RCSA updates. infrastructure to support first-line functions in Work
Units in managing compliance risks.
At the end of 2023, CMU has completed the 2) Application of self-assessment on the implementation
development of 3 new modules for the ReCoM which of Compliance Aspects in Work Units by Work Units
will be implemented in 2024. itself (1st line) through RCSA periodically.
3) Implementation of Compliance Reviews in Work Units
4. Compliance Monitoring using the Aligned Assurance method where the CMU
CMU monitors the implementation of compliance in collaborates (liaises) with Internal Audit in compliance
work units through the RCSA self-assessment carried reviews.
out by each RCU/DCORO as well as the results of 4) Updating the methodology and implementation of
other independent audits (such as from the Internal KPI Compliance Risk for assessing the performance
Audit unit, Risk Management unit) and the results of of the Board of Directors and all employees, including
inspections by the competent authorities. In addition, considering fines from the Regulator on the KPI of
CMU also conducted a Compliance Management related employees.
Services Survey for internal and external parties. 5) Develop a data analytic approach for monitoring
compliance in work units (such as monitoring
5. Compliance Review indications of violations of the code of ethics in
The CMU carries out compliance reviews (unit reviews, Treasury activities).
periodic reviews and thematic reviews) in work
units. The review was carried out to verify the self- COMPLIANCE MANAGEMENT UNIT WORK
assessment process carried out by the work unit on PLAN IN 2024
RCSA and assess whether there were any compliance 1. Programs and activities in compliance awareness,
problems in the work unit. In addition, CMU carries namely: updating the regulatory database as well as
out compliance reviews on the implementation socialization and training.
of RCSA self-assessments in work units. CMU has 2. Regular training program for RCU and DCORO
carried out compliance reviews for 30 (thirty) work functions to increase competency and strengthen the
units throughout 2023. RCU function through the RCU Forum.
3. Programs and activities in Compliance Testing, which
6. Supervision by Regulators include compliance testing of new product/activity
CMU is tasked with coordinating regulatory audit plans and policies/procedures, as well as providing
activities at CIMB Niaga. Throughout 2023, CMU advisory recommendations/opinions related to the
has coordinated the audit activities of the OJK fulfillment of compliance aspects.
Conventional Supervisor, OJK Sharia and Bank 4. Programs and activities in monitoring compliance
Indonesia. Based on Bank’s monitoring results, Bank’s implementation, including:
commitment to the regulatory audit results has been • Self-assessment of RCSA by RCU and reporting
followed up on in accordance with the target date, the results to CMU.
and there is no audit follow-up commitment with an • Monitoring the follow-up of the Bank’s
“overdue” status to the regulator. commitments to the competent authorities.
• Monitoring compliance status in each member
of the CIMB Indonesia Financial Conglomeration
(CIFC).
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•
Implementation of compliance monitoring • Preparation of KPIs related to compliance for
through the ReCoM application and future directorate and work units, as well as KPIs for
development of ReCoM to include a compliance RCU.
review process. 6. Integrated Compliance Function Activities
5. Programs and activities in the KPI Compliance and • Conduct Integrated Compliance reporting on
Assessment Report the implementation of compliance in CIFC
• Regular Compliance Reports to the Board of periodically to the Board of Directors and Board
Directors, Board of Commissioners and Otoritas of Commissioners of the Bank as the Main Entity.
Jasa Keuangan. • Aligning the compliance framework with the
Compliance Function of FSIs who are members of
the CIFC.
Anti-Money Laundering (AML), Counter-
Terrorism Financing (CTF) and Counter-
Proliferation Financing of Weapon of Mass
Destruction (CPFWMD) Program
The implementation of the Anti-Money Laundering, for money laundering, terrorism financing, and proliferation
Counter-Terrorism Financing, and Counter-Proliferation financing of weapons of mass destruction. This AML, CTF,
Financing of Weapons of Mass Destruction (AML, CTF, and CPFWMD program refers to Money Laundering Crime
and CPFWMD) programs is an obligation for all parties, Law No. 8 of 2010, Prevention and Eradication of Terrorism
particularly the Bank as financial service providers. This Financing Crimes Law No. 9 of 2013, POJK No. 8 of 2023,
is mandatory for the Bank, considering perpetrators’ SEOJK No. 32/SEOJK.03/2017 concerning Implementation of
methods for using banks as a means for money the AML/CTF Program in the Financial Services Sector, and
laundering crimes (MLC), terrorism financing crimes SEOJK No. 47/SEOJK.04/2017 concerning Implementation of
(TFC), and proliferation financing of weapons of mass Anti-Money Laundering and Counter-Terrorism Financing
destruction (PFWMD) are becoming more diverse. Programs in the Capital Markets Sector, and is based on
internationally a CIMB Niaga also fulfills its obligations to the
CIMB Niaga has established a special Anti-Money POJK and SEOJK in terms of implementing the AML, CTF, and
Laundering (AML) Work Unit, which reports directly CPFWMD programs, as well as guidelines for the immediate
to the Compliance Director and is responsible for the blocking of customer funds in the financial services sector
implementation of the Bank’s AML, CTF, and CPFWMD whose names appear on the List of Suspected Terrorists and
programs. CIMB Niaga also runs AML, CTF, and CPFWMD Terrorist Organizations and the List of Proliferation Financing
programs that use a risk-based approach to assess its of Weapons of Mass Destruction.
risks at both the customer (customer risk rating) and
bank-wide (Bank AML rating) levels. MECHANISM FOR THE APPOINTMENT
AND DISMISSAL OF THE HEAD OF AML &
AML, CTF & CPFWMD POLICIES CTF WORK UNIT (HEAD OF ANTI MONEY
CIMB Niaga implements the AML, CTF, and CPFWMD LAUNDERING (AML))
programs as part of the Bank’s Board of Directors and Board The Head of AML is appointed and dismissed based on
of Commissioners’ commitment to fostering a risk culture at the decision of the Board of Directors and reported to
all levels of the organization, as well as preventing the misuse the OJK.
of the Bank’s products, services, and e-channels as a conduit
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HEAD OF AML PROFILE
Educational Background Certification
Bachelor of Science in Mathematics from Bandung Level 4 Risk Management Certification
Institute of Technology (2001) Level 2 Compliance Certification
CAMS Certification
Work Experience
Senior Vice President – Head of AML at CIMB Niaga Legal Basis of Appointment
Peter (2022 – present) Decree No. 314/OMTKA/SS/HR/III/2022
Vice President – AML Business Alignment &
Gunawan Awareness Head at CIMB Niaga (2019 – 2022)
Vice President – AML Policy & System Head at UOB
Indonesia (2013 – 2018)
Senior Manager – Process Design Retail Credit Loan
Operations at UOB Indonesia (2011 – 2013)
Head of Anti Money Laundering (AML)
Manager – Operations & Policy Management Retail
at UOB Indonesia (2009 – 2010)
Age/Gender Manager – Operation Development at OCBC NISP
(2001 – 2008)
45/Male
Nationality
Indonesia
Domicile
Jakarta
TRAINING OF HEAD OF AML IN 2023
Name of Training/Workshop/Seminar Organizer Date & Place
CIMB-CISL Sustainability Leadership Programme Module 1, 2, 3 Cambridge Institute 11-12 January 2023
for Sustainability Online
Leadership (CISL)
CIMB Compact Leadership Programme Series CIMB Niaga 16-17 January 2023
Jakarta
The Strategic Role of the Financial Transaction Analyst Profession in Association of 4 April 2023
Revealing High Risk Financial Crimes Indonesian Financial Online
Transaction Analysts
(AATKI)
Anti Money Laundering in Digital Era: Lesson Learned from Selected Countries OJK Institute 6 April 2023
Online
International Seminar “Oversight Asset Recovery on Green Financial PPATK 17 April 2023
Crimes and Transnational Laundering on High-Risk Predicate Crimes” Depok, Jawa Barat
International Seminar on Anti-Money Laundering and Countering the Financing of Bank Indonesia 7 – 8 June 2023
Terrorism (AML-CFT) in Digital Economy and Finance Institute Online
Lunch and Learn : Future of Self-service AI and Analytics CIMB Niaga 20 June 2023
Jakarta
Socialization of POJK Number 8 of 2023 concerning Implementation of the AML CTF and OJK 6 July 2023
CPFWMD Programs in the Financial Services Sector Online
The Cooler Earth Sustainability Summit CIMB Group 13 September 2023
Jakarta
RCU Leadership 2023 CIMB Niaga 2 October 2023
Jakarta
Sharia Excellence Summit 2023 : Sharia Quiz Challenge and Sharia Strategy & Innovation CIMB Niaga 11 October 2023
Training – Executive Leaders 2023 with theme “Enrich Sharia Strategy & Win Innovative Jakarta
Economic Competition”
Socialization of “Strengthening the Legal Framework related to Prevention and PPATK 19 October 2023
Eradication of the Proliferation Financing of Weapons of Mass Destruction” Online
Sanction Compliance 2023 Workshop CIMB Group 22 November 2023
Online
Welcoming Crypto Assets in Strengthening the Digital Financial OJK Institute 22 December 2023
Ecosystem in Indonesia Online
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ORGANIZATIONAL STRUCTURE OF THE AML WORK UNIT
Compliance, Corporate
Affairs & Legal Director
Head of AML
Consultant
AML Business AML System & AML Testing &
AML Analyst
Alignment & Awareness Reporting Quality Assurance
DUTIES AND RESPONSIBILITIES OF THE AML 7. Map these risks bank-wide and carry out assessments
WORK UNIT and validations from time to time in Branch offices
The AML Work Unit has the following duties and and Business Units, both off-site and on-site.
responsibilities: 8. Increase AML awareness within the First Line of
1. Plan and develop strategies for implementing the Defense as the front line of the Bank’s defense in the
AML, CTF & CPFWMD Programs to identify the implementation of AML, CTF & CPFWMD.
inherent risks and measure and manage those risks 9. Ensure that the Bank’s responds to and fulfills data
to ensure proper mitigation. and information requests from authorized agencies
2. Develop Bank AML, CTF & CPFWMD policies and as regulated in applicable laws and regulations related
procedures in accordance with applicable laws, to money laundering, terrorism, and proliferation
regulations, and best practices that will guide financing.
employees in running business and banking 10. Provide information services in the form of
operations. suggestions or recommendations to Business Units
3. Evaluate and maintain every Policies and Procedures and Branch Offices with regards to AML, CTF &
for products, services, and e-channels owned by CPFWMD.
CIMB Niaga to prevent them from being misused as 11. Undertake the reporting process for Suspicious
a medium for money laundering and financing of Financial Transactions (LTKM), Cash Financial
terrorism or proliferation. Transactions (LTKT), IFTI, Integrated Service User
4. Prepare an information system to support the System (SIPESAT), Suspected Terrorism Financing
implementation of the AML, CTF & CPFWMD Information System (SIPENDAR), OJK Online Reporting
programs in the identification and classification of Application (APOLO), Anti Money Laundering and
customers according to the type of risk, monitoring Counter Terrorism Financing Programs Information
transactions, and ensuring screening results against System (SIGAP) and other reports in accordance with
the AML watchlist. applicable laws and regulations in an accurate and
5. Identify the risks of AML, CTF & CPFWMD based on timely manner.
NRA, SRA, and the criteria and parameters of 5 (five) 12. Monitor the implementation of AML, CTF, and
risk factors, namely customer profile, business, CPFWMD at the Business Unit and Branch Office
country and geography, products used, and types levels using Testing and Quality Assurance methods
of business entities that are vulnerable to money for Risk Control Self-Assessment (RCSA), and provide
laundering. ratings to Business Units and Branch Offices for
6. Measuring AML, CTF & CPFWMD risks and controlling future corrective action.
the mitigation of those risks through the Risk Control 13. Update the information system to reflect the most
Self-Assessment (RCSA) mechanism in order to recent developments in technology, transactions,
minimize the incidence of potential money laundering products, services, and activities.
in Business Units and Branch offices.
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IMPLEMENTATION OF THE AML, CTF & monitoring current customer transactions, with the
CPFWMD PROGRAMS IN 2023 AML team currently totaling 5,914 employees.
CIMB Niaga has implemented 3 (three) lines of defense
to fulfill the implementation of the AML, CTF & CPFWMD 2. Risk-based AML, CTF & CPFWMD policies and
Programs, as follows: procedures in accordance with the complexity
of the Bank’s business, which include provisions
1. First Line Defense related to the following:
The First Line of Defense is carried out by Business a. Customer Due Diligence (CDD) in the context
Units/Branch Offices, which perform daily company of Customer Identification and Data Updating,
activities on the front lines of the organization. In including classification methods for determining
each Business Unit/Branch Office, there is a person customer risk in terms of potential money
in charge of implementing the AML, CTF & CPFWMD laundering, terrorism financing, and proliferation
programs named as Local AML, who also has access financing of weapons of mass destruction,
to the information system for handling AML, CTF & Beneficial Owner identification, and customer
CPFWMD. data filtering against the Anti Money Laundering
Watchlist (AML) database screening. The updated
2. Second Line of Defense data realization in 2023 is 110,501 CIF (96.08%) of
The Second Line of Defense serves the monitoring 115,000 CIF.
function to ensure that the First Line of Defense b. AML, CTF & CPFWMD risks measurement is carried
has done its function properly. The AML Work Unit, out using Risk Based Approach (RBA) indicators/
which is accountable for the second line of defense, parameters, which include Customer Risk Rating
develops strategies, steps, and systems to strengthen and Bank AML Risk Rating.
the implementation of the AML, CTF & CPFWMD c. Control and management of AML, CTF & CPFWMD
programs. risks is carried out through the implementation of
the Customer Due Diligence (CDD) or Enhanced
3. Third Line of Defense Due Diligence (EDD) process to determine
The Third Line of Defense serves the supervisory customer profiles and analyze the suitability of
function for the implementation of the AML, CTF transactions with the Customer/WIC profile as well
& CPFWMD programs carried out by the first and as the socialization of policies and procedures,
second lines of defense. This function is carried training of all Bank employees, and evaluating the
out by internal audit, external audit, and the Board implementation of APU, PPT & PPPSPM in Branch
of Commissioners to ensure that the first-line Offices through Risk Control Self-Assessment
and second-line defense functions are operating (RCSA).
effectively. d. Continuous monitoring and analysis to identify
conformity between customer transactions and
The Board of Directors, in collaboration with the Board of customer profiles, including closing business
Commissioners, actively supervises the implementation of relationships and rejecting transactions in the
the AML, CTF & CPFWMD programs through the following: context of implementing AML, CTF & CPFWMD.
e. Identification and assessment of risks of money
1. Establish a special organization for the Anti-Money laundering, terrorism financing and proliferation
Laundering (AML) Unit that serves the function of financing of weapons of mass destruction
implementing the AML, CTF & CPFWMD programs. related to Bank products and services as well as
In carrying out its functions, the AML unit reports e-channels opening.
to and is directly responsible for the Compliance f. Identification and Reporting of LTKM, LTKT,
Director. Staff in the AML unit have adequate banking Overseas Financial Transactions (LTKL), SIPESAT,
knowledge and experience regarding risk assessment Suspected Terrorism Financing Information
and mitigation related to the implementation of AML, System (SIPENDAR) to the PPATK, OJK Online
CTF & CPFWMD programs. All staff have undergone Reporting Application (APOLO) and other reports.
compliance training and certification. g. New employee screening procedures and
employee transaction monitoring as part of the
As of December 2023, the AML unit was staffed by Know Your Employee (KYE) implementation.
30 (thirty) people. Furthermore, given the Bank’s h. Administration of CDD documents and other
large size, each Branch Office and business unit documents related to AML, CTF & CPFWMD.
has a DCORO and a Local AML Team who ensure i. Follow up on the results achieved and report
the implementation of AML, CTF & CPFWMD in the AML, CTF & CPFWMD risks exposure to senior
relevant area and are in charge of accessing and management, committees, and regulators.
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j. Internal Control, includes: 5. AML, CTF & CPFWMD Risks Assessment
1) Preparation of processes and controls as The Bank has developed a risk-based approach
business unit guidelines and to ensure method to measure AML, CTF & CPFWMD risks at the
compliance and understanding of the AML, customer (customer risk rating) and bank-wide (Bank
CTF & CPFWMD programs. Controls are AML risk rating) levels:
contained in policies and procedures (SOP) a. Customer AML Risk Rating (CRR), which measures
related to AML, CTF & CPFWMD. the AML, CTF & CPFWMD risks associated with
2) Testing and Quality Assurance (QA) processes each customer using indicators such as customer
to ensure that Branch Offices and Work Units identity/profile, geographic/country and business
have implemented AML, CTF & CPFWMD. factors, products/services/channels used by
3) according to applicable policies and procedures. customers, and type of business entities, is
4) Assessment of risk indicators based on risk classified as Low, Medium, or High.
considerations and appropriate methodology
and documentation. CIMB Niaga’s risk profile in 2023 is as follows:
No Customer Risk Total %
3. Management Information System in the context of 1 Low Risk 33 0.00
implementing AML, CTF & CPFWMD. 2 Medium Risk 5,641,277 94.48
CIMB Niaga has an application system for the purposes
3 High Risk 329,281 5.52
of monitoring customer profiles and transactions
that can identify and determine customer risk levels,
as well as analyze, monitor, and provide reports on b. The Bank AML Risk Rating (BARR) is the result
the characteristics of customer transactions, such as of an assessment of CIMB Niaga’s AML, CTF &
identifying suspicious financial transactions. CPFWMD risk measurement, which is determined
based on the inherent risk and the level of AML,
This application is capable of carrying out CTF & CPFWMD risk control and control at the
comprehensive monitoring of all customer Bank. Based on our assessment, the Bank’s
transactions at the Bank, including credit card overall AML, CTF & CPFWMD Compliance Risk
products, wealth management, and custody. This Profile at the end of Semester 2 2023 is “Low-
application is equipped with parameters and Moderate”. In 2023, assessments have been
thresholds that are continuously evaluated in carried out on 116 branches and 22 business
accordance with developments in money laundering units by providing input to branches and business
modes, terrorism financing, and proliferation units for future improvements.
financing of weapons of mass destruction.
6. Internal Control to evaluate the adequacy and
Additionally, this application also serves the function effectiveness of the AML, CTF & CPFWMD programs.
of carrying out the screening process for watchlists In order to ensure that the implementation of the
as well as reporting LTKM, LTKT, LTKL & SIPESAT, AML, CFT & PFPWMD programs is in accordance with
SIPENDAR, APOLO, SIGAP, and other reports. The predetermined policies, self-assessment procedures
AML system can also monitor updates to customer are implemented at branch offices or through the
data and the completeness of data when opening an Risk Self-Assessment method.
account. The Bank is also constantly improving the
applications used to add new functions to the system, 7. Compliance testing and providing opinions
increasing its effectiveness and efficiency. regarding AML, CTF & CPFWMD
In 2023, the AML work unit reviewed policies,
4. Screening of the Watchlist procedures, products/activities/channels to ensure
The Bank carries out screening for every account compliance with applicable laws and regulations
opening and customer business relationship against related to AML, CTF & CPFWMD. In addition, the AML
watchlists issued by the competent authorities and work unit provided 7,427 opinions to business work
watchlists commonly used in international best units and other work units regarding various questions
practices (including the Office of Foreign Assets and problems related to the implementation of AML,
Control (OFAC) List, United Nation (UN) List, Suspected CTF & CPFWMD.
Terrorists and Terrorist Organizations (DTTOT) and
Proliferation List, Politically Exposed Person (PEP) List,
and negative news (adverse news). In addition, the
Bank has subscribed to the watchlist database from
Thomson Reuters-Worldcheck. The Bank also carries
out re-screening of all existing customers every time
there is an update/addition to the watchlist.
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AML Training
8. AML, CTF & CPFWMD Training (Certification) for
Employees
15,198
AML, CTF & CPFWMD training must be attended by
all employees periodically. Training methods are 12,297
carried out both in class and through e-learning. The 10,534
number of employees participating in Bank AML, CTF
& CPFWMD training in 2023 reached 15,198, including
online training via the Learning on the Go (LoG)
application.
2021 2022 2023
9. Reporting and Submission of data to regulators and law enforcement.
Reporting to PPATK in the context of AML, CTF & CPFWMD implementation is carried out by the AML work unit at
head office as follows:
Data Report to PPATK in 2021-2023
1,303,000
832,765
549,506
2021
242,311 254,516 267,745 2022
61,235 92,195 85,382
3,465 3,814 4,479 2023
LTKM LTKT LTKL SIPESAT
NUMBER OF CORRESPONDENCE WITH REGULATORS IN 2023
Agency Total Data Request
PPATK/BNN/KPK/OJK/POLRI 753
Investigation 116
10. Improvement initiatives in 2023 h. Aligning policies and implementation of AML, CTF
In 2023, in order to improve the implementation of & CPFWMD with subsidiaries & CIMB Group.
the AML, CTF & CPFWMD programs, the AML work i. Carrying out AML, CTF & CPFWMD risks
unit is implementing several initiatives, as follows: measurements at the financial conglomerate
a. Carrying out system development related to level.
Collaborative Analysis Team (CAT) reporting for j. Carrying out an assessment process for the
the 2024 Election. implementation of AML, CTF & CPFWMD at the
b. Developing parameters to identify transactions Business Unit/Branch Office level and subsidiaries
related to Green Financial Crime (GFC). (CNAF&CNS) which have higher risks.
c. Carrying out system development related to
updating existing customer data based on trigger AML, CTF & CPFWMD PLAN FOR 2024
events. In 2024, CIMB Niaga has prepared a work plan to support
d. Developing a system to administer acceptance the implementation of AML, CTF & CPFWMD as follows:
approvals for customers with a high-risk profile in a. Developing the AML system related to the SIPESAT
the BDS system. reporting plan via Go AML to PPATK, improving
e. Developing systems related to transaction the transaction analysis dashboard, automation of
analysis dashboards and potential STR with monitoring of Trade Base Money Laundering (Over/
Artificial Intelligence. Under Invoice), upgrading the version/revamping
f. Upgrading the version/revamping the AML system of the AML system, reporting of the Collaborative
gradually. Analysis Team (CAT) for the 2024 Election, parameters
g. Aligning AML, CTF & CPFWMD policies/procedures for identifying transactions related to investment
in order to ensure compliance with applicable fraud in cooperatives/savings and loan cooperatives.
regulations (especially POJK No.8/2023).
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b. Aligning AML, CTF & CPFWMD policies/procedures c. Carrying out an assessment process for the
in order to ensure compliance with applicable implementation of AML, CTF & CPFWMD at the
regulations and CIMB Group policies. Business Unit/Branch Office level and subsidiaries
that have higher risks.
Public Accountant
POLICY FOR APPOINTMENT OF PUBLIC In 2023, PA Jimmy Pangestu, S.E was appointed as the
ACCOUNTANT first following a change from the previous AP, with PAF
In accordance with OJK Regulation No. 37/POJK.03/2019 Tanudiredja, Wibisana, Rintis & Rekan (a member firm
concerning Transparency and Publication of Bank of the PricewaterhouseCoopers Global Network), which
Reports, OJK Regulation No. 9 of 2023 concerning received approval from the OJK through letter No. S-106/
the Use of Public Accounting Services and Public PM.22/2018 dated 15 January 2018.
Accounting Firms in Financial Services Activities, and the
Annual GMS resolution on 10 April 2023, based on the EFFECTIVENESS OF AUDIT IMPLEMENTATION
recommendations from the Board of Commissioners BY PUBLIC ACCOUNTANT
and the Audit Committee, it was decided that Bank The Audit Committee actively communicates with the
CIMB Niaga appointed Jimmy Pangestu, S.E., and Public appointed PA and/or PAF before the audit process begins
Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan about issues that concern the Audit Committee, as well
(a member firm of the PricewaterhouseCoopers Global as evaluating the audit implementation process by the
Network), which are respectively registered with the PA and/or PAF after the audit process is completed and
OJK as Public Accountant (PA) and Public Accounting the results are submitted to the OJK.
Firm (PAF) to examine the Bank’s Consolidated Financial
Statement for the 2023 financial year. SUPERVISION AND COMMUNICATION
BETWEEN PUBLIC ACCOUNTANTS AND THE
In carrying out the audit, PAF Tanudiredja Wibisana, BANK
Rintis & Partners demonstrated an independent, CIMB Niaga also requires PA to communicate the audit
competent, professional, and objective attitude in plan for the Bank’s financial statements to the Audit
accordance with the Professional Standards for Public Committee, as well as submit the audit plan, audit
Accountants, ensuring that the Bank’s Consolidated methodology, and audit samples for use to Internal
Financial Statement is presented fairly and transparent. Audit. The Audit Committee and Internal Audit continue
to monitor and ensure the smoothness and conformity
PERIOD OF SERVICE OF PUBLIC ACCOUNTING of the external audit process with applicable regulations
AND PUBLIC ACCOUNTING FIRM as well as evaluating the quality of the audit process.
CIMB Niaga employs audit services for historical financial
information in accordance with OJK Regulation No. 9 The Board of Directors discusses the supervision and
of 2023, specifically from the same PA for a maximum monitoring of PA and/or PAF performance at Audit
of 7 (seven) consecutive years. Meanwhile, the Audit Committee meetings attended by Internal Audit and
Committee determines the use of PAF services based relevant Board members. The meeting also discussed
on its assessment of the potential risks associated with how PA and/or PAF can follow up on audit findings in
using the same PAF services for an extended period of order to provide comprehensive and optimal audit
time. results through coordinated efforts.
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NAMES, PERIODS, AND FEES FOR PUBLIC ACCOUNTING FIRM AND PUBLIC ACCOUNTANTS CONDUCTING THE
AUDIT ON THE BANK’S ANNUAL FINANCIAL STATEMENTS IN THE LAST 5 (FIVE) YEARS
Public Accountant PAF PA Fee
Year Public Accountant Firm PAF License
(Partner in charge) Period Period (excluding Tax)
2023 KAP Tanudiredja, Jimmy Pangestu, S.E. 1 Rp11,000,000,000
Wibisana, Rintis & Rekan
2022 KAP Tanudiredja, Drs. Irhoan Tanudiredja, CPA Rp10,226,700,000
Wibisana, Rintis & Rekan
2021 KAP Tanudiredja, Wibisana, Drs. Irhoan Tanudiredja, CPA Rp9,880,000,000
9 3 KEP-241/KM.1/2015
Rintis & Rekan
2020 KAP Tanudiredja, Wibisana, Drs. Irhoan Tanudiredja, CPA Rp9,700,000,000
Rintis & Rekan
2019 KAP Tanudiredja, Wibisana, Angelique Dewi Daryanto, 3 Rp12,913,500,000
Rintis & Rekan S.E., CPA
*)
The audit fees have included the Subsidiary’s audit fees.
OTHER SERVICES PROVIDED BY THE PUBLIC ACCOUNTING FIRM AND PUBLIC ACCOUNTANT
OTHER THAN THE AUDIT ON THE LAST ANNUAL FINANCIAL STATEMENTS (NON-AUDIT FEES) IN
2023
In 2023, there are non audit fee provided by PAF Tanudiredja, Wibisana, Rintis & Rekan with total fee as amounted to
RM126,000 and Rp677,100,000.
Risk Management System
OVERVIEW OF RISK MANAGEMENT SYSTEM 1. Risk Culture
IMPLEMENTATION AT CIMB NIAGA The risk management culture is described as
CIMB Niaga implements Enterprise Wide Risk Management employee awareness, attitude, and action towards
(EWRM) framework for risk management, which risk and the Bank’s risk management. In order to
provides the basis for proactive and forward-looking risk strengthen risk culture, the implementation of risk
management to achieve sound and sustainable business management in the Bank adheres to the three lines
growth, maximize shareholder value, and manage capital of defense philosophy, in which risk is managed
comprehensively. from the point of risk-taking activities to ensure clear
accountability on risk throughout the organization
The main objective of EWRM is for the Bank to be able and the Risk Management Unit (RMU) as an enabler
to achieve its targets and business plans while adhering of business units.
to the principles of prudence, maintaining good financial
performance, comply with applicable regulations, and the 2. Governance
franchise/brand value owned by CIMB Niaga. The Bank’s governance structure through risk
committees is intended to enhance the four-
In the EWRM framework, risks are managed in an eye principle mechanism, independency and
integrated manner by aligning risk appetite with transparency in the entire risk management process
the business strategy. The EWRM design includes to ensure consistency in EWRM implementation.
complementary “top-down strategic” and “bottom-
up tactical” risk management approaches. The main
components in the EWRM framework are:
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3. Risk Appetite RISK MANAGEMENT UNIT
The type and amount of risk that the Bank is willing
to accept in order to meet its strategic and business RISK MANAGEMENT ORGANIZATIONAL STRUCTURE
objectives, as described in the Risk Appetite Statement AND POSITION
(RAS). The RAS includes Red-Amber-Green indicators The Risk Management Unit (RMU) is led by the Risk
and thresholds, and the information in the RAS will Management Director, who is responsible directly to the
provide management with an overview of the Bank’s President Director. Information on the structure of the Bank’s
conditions, allowing management to take corrective Risk Management Unit is presented in the Risk Management
action in a timely manner. Chapter of this Annual Report.
4. Risk Management Process PROFILE OF HEAD OF RISK MANAGEMENT UNIT
This process is part of daily activities to ensure that RMU Head held by Risk Management Director, which is
risks can be considered, evaluated, and responded subject to the appointment, dismissal, and term of office of
to in a timely and appropriate manner. This process the Board of Directors, as described in the Board of Directors
includes business planning, risk identification and discussion in this Annual Report’s Corporate Governance
assessment, risk measurement, risk management, Report.
and control, as well as monitoring and reporting.
5. Risk Management Infrastructures The complete profile is presented in
An effective risk management infrastructure the Profile of the Board of Directors.
is essential for EWRM implementation can run
effectively. Risk management process supported
by risk management infrastructure consists of 3
components which are: policies, methodologies and Henky
procedures; as well as human resources (HR) and
Sulistyo
technology and data.
Risk management becomes an integral part form Bank’s
Risk Management Director
culture and decision-making process. The Bank’s risk
management culture is realized through the three
lines of defense philosophy, which connecting all risk MEMBERS OF THE RISK MANAGEMENT UNIT
management activities at early stage of the process of
identification, assessment, control, and reporting to Koei Hwei Lien
Senior Management, as well as supervision by the Board Head of Retail Credit Risk Management
of Directors and Board of Commissioners. The complete profile is presented in the Profile of Senior Executive.
The Bank’s risk management process is carried out by Julius Wiantara Tjhioe
the Risk Management Unit (RMU), as an independent Head of Operational Risk Management (ORM)
unit from Business Unit. RMU is in charge of developing The complete profile is presented in the Profile of Senior Executive.
a comprehensive risk management process that includes
risk identification, measurement, monitoring, and control, Diva Mahdi
as well as submitting risk rating report and developing Head of Market Risk Management & Model Validation
an internal control system. In addition, RMU coordinates The complete profile is presented in the Profile of Senior Executive.
and socializes all risk management processes within the
Bank. Wahdinie Musmar
Head of Non-Retail Credit Policy and Assurance Testing
A comprehensive explanation of the Bank’s risk The complete profile is presented in the Profile of Senior Executive.
management implementation will be explained in detail
in the Risk Management Chapter of this Annual Report. Sandi Maruto
Head of ALM Risk
The complete profile is presented in the Profile of Senior Executive.
Tjahjadi Yapeter
Head of Non-Retail Credit Risk Management
The complete profile is presented in the Profile of Senior Executive.
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CERTIFICATION OF RISK MANAGEMENT UNIT LEADERS
Name Certification
Henky Sulistyo Certification data is presented in the profile of Board of Director
Risk Management Director
Koei Hwei Lien Level 4 Risk Management Certification
Head of Retail Credit Risk Management
Julius Wiantara Tjhioe Level 4 Risk Management Certification
Head of Operational Risk Management (ORM)
Diva Mahdi Level 4 Risk Management Certification
Head of Market Risk Management & Model Validation
Wahdinie Musmar Level 4 Risk Management Certification
Head of Non-Retail Credit Policy And Assurance Testing
Sandi Maruto • Certified Financial Risk Manager (FRM)
Head of ALM Risk • Level 4 Risk Management Certification
Tjahjadi Yapeter Level 4 Risk Management Certification
Head of Non-Retail Credit Risk Management
ROLES AND RESPONSIBILITIES OF THE RISK 9. Prepare and submit risk profile reports to the Board
MANAGEMENT UNIT of Directors, RMC, and the Sharia Supervisory Board
1. Monitor the implementation of risk management (for SBU Risk Profile) on a regular basis.
strategies recommended by the Risk Management 10. Monitor risk management policy implementation,
Committee (RMC) and approved by the Board of including developing procedures for risk identification,
Directors. measurement, monitoring, and control methods.
2. Provide feedback to the Board of Directors, among 11. Review proposed new strategic business lines that
others, on the development of Risk Management will have a significant impact on the risk exposure of
policies. the Financial Conglomerate.
3. Monitor the position or overall risk exposures for 12. Perform independent reviews of the credit
each risk type and each type of functional activity. underwriting process, including post-mortem
4. Perform stress testing to identify the impact of reviews.
significant external conditions on performance, 13. Perform the duties of the Integrated Risk Management
liquidity, and capital. Unit with regard to the implementation of Integrated
5. Perform periodic reviews of the risk management Risk Management.
process. 14. Provide feedback to the Integrated Risk Management
6. Perform reviews on proposals for new products or Committee regarding the formulation and
activities applied or developed by a certain unit. The enhancement of Integrated Risk Management
review shall focus mainly on the capability of the Bank policies.
to deliver such a new product/activity, including the 15. Prepare and submit regular Integrated Risk Profile
systems and procedures to be used and their impact Reports to the Integrated Risk Management
on the overall risk exposures. Committee.
7. Provide recommendations related to the amount or 16. Provide information to the Integrated Risk
maximum risk exposure that the Bank could tolerate Management Committee regarding issues that
to the operational units (Risk Taking Unit) and the need to be followed up on related to the results of
Risk Management Committee in accordance with evaluations on the implementation of Integrated Risk
their respective authorities. Management.
8. Evaluate the accuracy of the risk model and the 17. Review methodology for implementing risk
validity of the data used in risk measurement, in the management in the Bank based on the most recent
event that the Bank uses a risk model for internal best practices, as well as efforts to harmonize the
purposes. implementation of risk management in Subsidiary
Companies.
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COMPETENCY DEVELOPMENT AND PROFESSIONAL CERTIFICATION PROGRAMS FOR RISK MANAGEMENT
UNIT PERSONNEL
In 2023, the RMU has a total of 204 (two hundred and four) personnel. In order to support the competency development
and improvement of RMU personnel, the head and personnel of the RMU attended a variety of training programs
during 2023, among others:
No Name of Training/Workshop/Conference/Seminar Organizer Date & Place
1 Credit Academy Internal Bank, Moody’s, Alta Perfecto Jan, Feb, Aug, Sep, Oct, Nov, and
Dec
Jakarta & West Java
2 Anti Fraud Awareness CIMB Niaga Jan, Feb, Mar, May, Aug, and Sep
Jakarta & Online
3 Risk Management Certification Lv1, 2, 3 and LPPI, BSL, GPS, RDS, Cambridge Institute Jan, Feb, Mar, Apr, May and
Refreshment Program August
Jakarta & Online
4 Anti Money Laundering (AML) Enforcement Regulation Asia 1 March 2023
Online
5 Cyber Risk Management Fundamental Center For Risk Management dan 15 March 2023
Sustainability (CRMS) Online
6 Crime And Risk Prevention in Financial Sector Info Bank 20 June 2023
Jakarta
7 Strategy Analysis and GRC in the Banking Infobank Institute 20 July 2023
Business Jakarta
8 Basel Framework and IRB Models CIMB Group 21 August 2023
Online
9 Risk Posture Workshop with the Combined CIMB Group 24 August 2023
Boards Online
10 Managing Environmental, Social, and Governance OJK Institute and The London Institute of 19 October 2023
Risks and Opportunities Banking and Finance Online
RISK MANAGEMENT CERTIFICATION
The number of Bank personnel who have obtained the Risk Management Certification (RMC) is as follows:
Total Personnel with Risk Certification
Mandatory RMC
Level (mandatory & non-mandatory)
Passed Has not Passed % Passed %
1 1,237 317 74% 2,341 189%
2 1,079 62 94% 1,304 120%
3 420 0 100% 447 106%
4 67 0 100% 106 158%
5 13 1 92% 15 115%
Total 2,816 380 4,213
ASSESSMENT OF THE BOARD OF DIRECTORS A more detailed discussion on the focus of risk management
ON THE PERFORMANCE OF THE RISK in 2023 can be seen in the Risk Management Chapter of this
MANAGEMENT UNIT Annual Report.
The Board of Directors’ assessment of RMU performance is
crucial for ensuring effective risk management at the Bank. RISK MANAGEMENT
The RMU periodically reviews, evaluates, and assesses Risk system management begins with the risk
the effectiveness of its operations. Several indicators, such identification stage, with the objective of determining
as asset quality, operational risk losses, and completed material risks on products and activities to be further
initiatives, can be used to make the main assessment. measured, which will enable the Bank to determine the
risk level to be faced. CIMB Niaga determines which
In 2023, the overall assessment indicators remained at risks will be taken, avoided, transferred, or managed by
a level that can be managed by the Bank, reflecting well considering the risk impact as well as the cost and benefit
performance by RMU. The main risks faced by the Bank in of the Bank’s products or activities.
2023 are still within the established Bank’s Risk Appetite. This
is in line with the completion of several initiatives, such as the As part of risk management, CIMB Niaga also ensures the
improvement of asset quality, the implementation of best availability of reporting and reviews on the effectiveness
practices in operations, optimal capital management, as well of the Bank’s risk management system. In addition,
as development of advanced analysis and digitalization. the Bank also strives to implement a risk management
process that is based on the prudence principle, as
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well as establish a risk culture, a risk management RESULT OF EVALUATIONS ON RISK
infrastructure, and good corporate governance. MANAGEMENT SYSTEM EFFECTIVENESS
RMU is continually reviewed and evaluated. The
In accordance with OJK Regulation No. 17/POJK.03/2014, assessment are conducted on a regular basis to see the
the CIMB Indonesia Financial Conglomerate (FC) faces 9 effectiveness of performance. Asset quality indicators,
(nine) types of risk in an integrated manner, including operational risk losses, and initiatives undertaken are
credit risk, market risk, liquidity risk, operational risk, all examples of the main assessment.
strategic risk, reputation risk, legal risk, compliance risk,
and intragroup transaction risks. Meanwhile, specifically In 2023, a number of assessment indicators remained
for the Sharia Business Unit, there are two additional within the Bank’s manageable level, indicating that RMU’s
types of risk, namely investment risk and return risk. operations are proceeding smoothly.
The Bank’s risk management process is proactive Main risks such as credit risk, liquidity risk, market
and forward-looking, in accordance with the EWRM risk, and operational risk remained within the Bank’s
framework, which broadly includes various processes predetermined risk appetite range.
such as business planning, risk identification and
assessment, risk management and control, the Throughout the year, regulator provides positive response
implementation of an internal control system as part of on risk management processes, resulting in Risk Based
supervision mechanisms, and monitoring and reporting. Bank Rating or Bank soundness level being rated as
sound. In addition to Risk Management Committee, CIMB
A more detailed discussion on the types and efforts of Niaga has various Executive Committees focused on risk
the Bank in risk management is presented in the Risk management to delve deeper into specific risks, including
Management Chapter of this Annual Report. the Asset Liability Committee (ALCO), Operational Risk
Committee (ORC), and Credit Policy Committee (CPC).
STATEMENT OF THE BOARD OF DIRECTORS
AND/OR BOARD OF COMMISSIONERS OR THE In 2023, the results of the Bank’s risk management
AUDIT COMMITTEE ON THE ADEQUACY OF system evaluation shows that it is functioning properly
THE RISK MANAGEMENT SYSTEM and effectively. All committee decisions have also been
The Board of Directors and the Board of Commissioners thoroughly documented. The Board of Commissioners
stated that the Bank has an effective and adequate evaluates the implementation of risk management
internal control system in place to manage the risks it strategies through the Risk Oversight Committee (ROC).
faced in 2023. The risks faced remain within tolerance A more detailed explanation is presented in the Risk
limits (risk appetite) in support of the Bank’s objectives, as Oversight Committee (ROC) section.
evidenced by operations that are carried out effectively
and efficiently, the delivery of accurate and reliable
financial statement submission, the security of Bank
assets, and comply with applicable laws and regulations.
Internal Control System
CIMB Niaga implements an Internal Control System (ICS) aspects, and increasing organizational effectiveness and
to achieve the Bank’s objectives and to identify potential cost-effectiveness.
incidents that could have an impact on the Bank. ICS is
an important monitoring component in managing the BASIS OF IMPLEMENTATION
Bank and serves as a reference point for the Bank’s The implementation of ICS will help the Bank achieve
sound secure, and controlled operational activities. ICS is its vision and mission, increase value for stakeholders,
intended to provide adequate confidence in safeguarding and reduce the risk of loss. ICS CIMB Niaga is carried
and securing the Bank’s assets, ensuring the availability of out in accordance with the OJK Circular Letter No. 35/
accurate reports, increasing compliance with applicable SEOJK.03/2017 on Internal Control Standard Guidelines
regulations, mitigating the impact of financial losses and for Public Banks.
irregularities, including fraud and violations of prudential
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OBJECTIVE OF INTERNAL CONTROL 3. Conduct a review of the work plan and budget
SYSTEM IMPLEMENTATION realization.
The objectives of the Bank’s Internal Control System 4. Control the information technology, which includes
include: control on data center operation and application
control.
1. Compliance Purpose 5. Document all policies, procedures, and operational
Ensure that all Bank business activities are carried out instructions.
in accordance with applicable laws and regulations of
the Government, Banking Supervision Authority, and The Bank’s financial control includes:
Capital Market Authority, as well as internal policies, 1. Separating the functions in the Bank so that each
rules and procedures. person in their position does not have opportunities
to commit or hide mistakes or irregularities in
2. Informational Purpose performing their duties.
Provide accurate, complete, timely, and relevant 2. Update all policies, procedures, and operational
information needed to make appropriate and instructions regularly to reflect actual operational
accountable decisions, including financial and non- activities that conform to applicable regulations and
financial reporting as required by internal and accounting standards.
external parties. 3. Approval on fund spending and expenditure
realization.
3. Operational Purpose 4. Control over customer’s account and the Bank’s
Increase the Bank’s effectiveness and efficiency account.
in using its assets and other resources, as well as 5. Control over transactions in the Bank’s ledger.
protect it from the risk of loss, including those caused 6. Control over physical assets, which includes securing
by fraud. assets, records, and documentation, and limiting
access to application programs.
4. Risk Culture Purpose
Identify weaknesses, assess deviations early, and INTERNAL CONTROL CONFORMITY WITH THE COSO
constantly reassess the appropriateness of the Bank’s FRAMEWORK
internal policies and procedures. Internal control is a system or process implemented
by a company’s Board of Commissioners, Board of
IMPLEMENTATION OF INTERNAL CONTROL Directors, Management, and employees to ensure that
SYSTEM, FINANCIAL, AND OPERATIONAL control objectives are met. The CIMB Niaga internal
AND THEIR CONFORMITY WITH THE COSO- control framework is based on the COSO (Committee
INTERNAL CONTROL FRAMEWORK of the Sponsoring Organizations of the Treadway
Commission)—Internal Control Integrated Framework.
FINANCIAL AND OPERATIONAL CONTROL This framework can ensure that the Bank has adequate
The ICS of CIMB Niaga consists of two aspects: financial operational control, financial, financial reporting,
control and operational control, which include conformity operational effectiveness, and efficiency, as well as
with applicable laws and regulations. The Bank’s conformity with applicable laws and regulations.
operational control system includes the following:
1. Conduct a Board of Directors’ review by requesting COSO - Internal Control Framework has five control
an explanation and report on the Bank’s operational components: Control Environment, Risk Assessment,
performance so that the Board of Directors can detect Control Activities, Information and Communication, and
weaknesses in control, errors in financial reports, or Monitoring. CIMB Niaga has also implemented the Three
other frauds. Lines Model concept, a control strategy in the COSO
2. Conduct a review of the risk assessment (risk profile - Internal Control Framework monitoring system, as
report) produced by the Risk Management Unit and explained in the Risk Management chapter of this Annual
analyze operational data by the Internal Audit Unit. Report.
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In 2023, CIMB Niaga has implemented an Internal Control System which refers to COSO as follows:
Internal Control Elements According to COSO Internal Control System Implementation in CIMB Niaga
Control Environment The Board of Commissioners, through other established committess,
The control environment is the basic of all internal control components. carry out regular review of the control environment and make
independent assessment which will be reported to the Board of
Control environment factors include integrity, ethical values, and Directors for follow-up actions.
competencies of people and entity, management philosophy and
style, how the management confer authority and responsibility and
organize and develop its people, as well as the attention and direction
provided by the Board of Commissioners.
Risk Assessment The Board of Directors has established a procedure to anticipate,
Risk Assessment is a mechanism designed to identify, analyze, and identify, and respond to incidents and challenges which could
manage all risks related to all operational activities of the organization impact the achievement of the Bank’s objectives. The Board of
Commissioners, through the Risk Oversight Committee, ensures that
the Board of Directors has managed the risks well.
Control Activities All policies and procedures for the main business units and business
Control Activities is the implementation of policies and procedures supporting units have been written and approved by the Board of
established by the management to ensure the achievement of Directors, updated regularly by the relevant business unit/business
objectives supporting unit, and reviewed by the Risk Management Unit.
The Compliance Unit is responsible for disseminating applicable
regulations in banking, carrying out compliance tests on new internal
policies, product recommendations, or new activities, implementing
Anti-Money Laundering and Prevention of Terrorism Financing
programs, as well as monitoring compliance through the designated
officers in other work units, which will be verified by the Independent
Unit on the 2nd or 3rd Line. The Compliance Unit submits compliance
reports regularly to the Board of Commissioners, the Board of
Directors, and the Regulators.
The Bank’s officers carry out periodic reviews of the existence
and effectiveness of control, divide the tasks properly, carry out
routine verification of data accuracy, as well as establish and test an
emergency response plan.
Information and Communication There are adequate procedures for data collection as well as
Information and Communication is a system which enables people information technology that can produce reports on business activity,
or entity to receive and share necessary information to carry out, financial condition, risk management implementation, and the
manage, and control their operational activities. fulfillment of other provisions that support the tasks of the Board of
Directors and the Board of Commissioners.
Monitoring The Board of Directors, the Bank’s officers, and IA have carried out
The implementation of internal control system shall always continuous monitoring of the overall effectiveness of internal control
be monitored to ensure that the system has been carried out system implementation.
appropriately.
Monitoring of main risks, including periodic evaluation, has been
prioritized and has become a part of the daily activities of the Bank.
The Board of Directors and the Bank’s officers are committed to
carrying out follow-up actions on past monitoring results and IA
recommendations.
EVALUATION ON INTERNAL CONTROL STATEMENT FROM THE BOARD OF DIRECTORS
EFFECTIVENESS AND/OR THE BOARD OF COMMISSIONERS
The Internal Control System is designed to manage REGARDING THE ADEQUACY OF THE
and control risks appropriately, not eliminate risks. In INTERNAL CONTROL SYSTEM
monitoring the Bank’s Internal Control System, the Board The Board of Directors and the Board of Commissioners
of Directors, the Board of Commissioners, and the Audit have re-stated that CIMB Niaga owns an effective and
Committee have evaluated the effectiveness of the Bank’s adequate Internal Control System to manage risks faced
internal control system. In 2023, the evaluation found by the Bank in 2023. The risks remain within the risk
that the Bank’s Internal Control System is still aligned appetite in the achievement of Bank’s objectives, which
with the control principles and, overall, reflects that the is reflected through effective and efficient operational
Bank’s Internal Control System is well implemented. activities, the submission of accurate and reliable
financial reports, the securing of the Bank’s assets, and
The Board of Directors has been informed about the compliance with applicable laws and regulations.
adequacy of the internal control system, as well as
follow-up actions to reduce risks. The report was also
presented to the Board of Commissioners through the
Audit Committee.
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Important Cases
NUMBER OF CASES FACED BY THE BANK
Throughout 2023, the Bank was involved in numerous important civil, criminal, and tax cases. In civil cases, the Bank
acts as the Defendant, whereas in criminal cases, the Bank is the Reported Party. The details of the cases (excluding
Sharia cases, which are disclosed in the Sharia Business Unit Governance Report) are as follows:
Total
Legal Case Civil Criminal Tax
2023 2022 2023 2022 2023 2022
Number of Cases Faced 219 223 9 17 32 40
Settled Cases (Final and Legally Binding) 66 83 4 8 24 26
Cases in Settlement Process (as of December) 153 140 5 9 8 14
IMPORTANT CASES FACED BY THE BANK
Throughout 2023, the Bank faced the following civil legal issues with a case value of more than Rp10 billion, as well as
quantitative risk information:
Risk faced by Efforts of the Bank’s
No. Cases Case Subject Case Status Case Value
the Bank Management
1 Case No.359/ The debtor At the Compensation of The Bank prevailed in the Material:
Pdt.G/2019/PN.Jkt. defaulted and filed cassation the value of the District Court and confirmed Rp110,000,000,000
Sel between IH a lawsuit for the level at the lawsuit by a decision at the High Court
(Plaintiff I) IRMAS cancellation of an Supreme level, the plaintiffs filed the Immaterial:
(Plaintiff II) and auction Court of the cassation. The Bank will follow Rp100,000,000,000
Bank Republic of the cassation process and carry
(Defendant I) Indonesia out maximum legal efforts to
support the Bank’s position.
2 Case No. 206/ Lawsuit regarding At judicial Compensation The Bank lost at the District Material:
Pdt.G/2020/Pn.Dpk collateral review of the value of Court but prevailed in an Rp22,764,520,000
between MAK ownership level at the the lawsuit to be appeal at the High Court and
(Plaintiff) and Bank from Plaintiff to Supreme paid with other cassation at the Supreme Court. Immaterial: -
(Defendant V) Defendant I where Court of the defendants. Currently, the Bank is following
it is deemed null Republic of the judicial review process and
and void, which Indonesia. carry out maximum legal efforts
subsequently to support the Bank’s position.
making the object
pledged as
collateral to the
Bank null and
void.
3 Case No. 666/ The Plaintiff claims At judicial Compensation of The Bank has prevailed Material:
Pdt.G/2020/PN Jkt. that the Bank review the value of the at the District Court, Rp109,468,075,179.13
Pst between DKU has committed level at the lawsuit. at the High Court and cassation
(Plaintiff) and Bank an unlawful act Supreme at the Supreme Court. Currently, Immaterial:
(Defendant) because the Court of the the Bank will follow the Rp150,000,000,000
fiduciary process Republic of judicial review process and carry
carried out by the Indonesia. out maximum legal efforts to
Bank on the support the Bank’s position.
Plaintiff’s collateral
did not meet the
requirements
under fiduciary law
4 Case No. 131/ The plaintiffs At the Compensation The Bank has prevailed at the Material
Pdt.G/2021/PN.Skt claimed to be cassation of the value of District Court and confirmed Rp20,000,000,000
between SBH intimidated by the level at the the lawsuit to be by the decision at the High
(Plaintiff I) LA Bank regarding Supreme paid with other Court level, the plaintiff filed a Immaterial:
(Plaintiff II) and vacating the Court of the defendants. cassation. Currently the Bank is Rp20,000,000,000
Bank (Defendant I) collateral object Republic of following the cassation process
that will be Indonesia. and making maximum legal
executed. efforts to support the Bank’s
position.
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Risk faced by Efforts of the Bank’s
No. Cases Case Subject Case Status Case Value
the Bank Management
5 Case No. 308/ Lawsuits brought At the Compensation The Bank has prevailed in the Material:
Pdt.G/2021/PN.Jkt. by third parties District of the value of District Court and the plaintiff Rp7,823,907,261.36 +
Sel between CP regarding cessie Court level the lawsuit to be filed an appeal. The Bank will USD1,893,450.07
(Plaintiff) and Bank made by the Bank. paid with other follow the trial process and
(Defendant VI) defendants. make maximum legal efforts to Immaterial:
support the Bank’s position. Rp5,000,000,000
6 Case No. 783/ Lawsuits regarding At the Compensation of The Bank has prevailed in the Material:
Pdt.G/2021/PN.Jkt. cancellation of cassation the value of the District Court and lost at the Rp406,888,957,188.5 +
Brt between DS credit agreements level at the lawsuit. High Court level, Bank filed a USD22,877,290.91
(Plaintiff) and Bank and auction of Supreme cassation. Currently the Bank is
(Defendant II) collateral objects. Court of the following the cassation process Immaterial:
Republic of and making maximum legal Rp200,000,000,000
Indonesia efforts to support the Bank’s
position.
7 Case No. 109/ The Plaintiff was a At the High Compensation of The bank has prevailed in the Material:
Pdt.G/2019/PN Jkt. defaulting debtor Court level the value of the District Court and the plaintiff Rp11,400,000,000
Tim between DJ of the Bank, and lawsuit. filed an appeal at the High Court.
(Plaintiff) and Bank the Bank conducted The Bank will follow the appeal Immaterial: -
(Defendant) an auction of the process and make maximum
collateral. legal efforts to support the
Bank’s position.
8 Case No. 348/ Lawsuit regarding At the Compensation of The Bank has prevailed in Material:
Pdt.G/2021/PN.Jkt. an unlawful act, in cassation the value of the the District Court and the Rp12,000,000,000
Pst Between SM which the plaintiffs level at the lawsuit. High Court. Plaintiff filed a
(Plaintiff I) AS objected to the Supreme cassation. The Bank will follow Immaterial:
(Plaintiff II) SL auction limit of the Court of the the cassation process and Rp3,000,000,000
(Plaintiff III) and plaintiffs’ assets Republic of make maximum legal efforts to
Bank (Defendant I) used as collateral Indonesia support the Bank’s position.
by the Bank.
9 Case No. 855/ Cancellation of At the High Compensation The Bank has prevailed at the Material:
Pdt.G/2020/PN.Jkt. sales of Receivables Court Level of the value of District Court and at the High Rp15,000,000,000
Sel between KIL (Cessie) carried out the lawsuit to be Court. The Bank is currently still
(Plaintiff) and Bank by the Bank. paid with other monitoring whether or not there Immaterial:
(Defendant I) defendants. will be further legal action from Rp10,000,000,000
the Plaintiff
10 Insurance Product Default Arbitration Compensation The Bank is involved in a dispute In the amount of
Disputes in Process of the value of related to one of the insurance Rp35,247,000,000, - up
Arbitration the lawsuit to be products which is currently still to Rp41,705,000,000, -
paid with other in the process of being resolved
arbitration in arbitration. The Bank will
respondents. follow the arbitration process
and make maximum legal efforts
to support the Bank’s position.
11 Case Number 1092/ Unlawful Act At the District Compensation The Bank will follow the trial Material:
Pdt.G/2023/PN.Jkt. Court level of the value of process and make maximum Rp10,074,500,000
Sel. between A the lawsuit to be legal efforts to support the
(Plaintiff) and Bank paid with other Bank’s position. Immaterial:
(Defendant I) defendants. Rp5,000,000,000
12 Case No. 393/ Unlawful act At the Compensation of The Bank was prevailed at the Material:
Pdt.G/2021/PN.Bdg cassation the value of the District Court, and confirmed Rp10,000,000,000
between YW, R, VZ, level at the lawsuit by a decision at the High Court
SMP (Plaintiff) and Supreme level. Currently the Bank is Immaterial: -
Bank (Defendant II) Court of the following the cassation process
Republic of and making maximum legal
Indonesia. efforts to support the Bank’s
position.
13 Case No. 612/ Lawsuits for At the District Compensation The Bank will follow the trial Material:
Pdt.G/2023/PN.Jkt. unlawful act and Court level of the value of process and make maximum Rp12,000,000,000
Sel between AD compensation. the lawsuit to be legal efforts to support the
(Plaintiff) and Bank paid with other Bank’s position. Immaterial:
(Defendant V) defendants. Rp5,000,000,000
Throughout 2023, there were no criminal law issues with claims exceeding Rp10 billion.
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TAX SANCTIONS
Over the last three years, the Bank received unfavorable decisions from the highest court regarding tax matters. The
unfavorable decisions were not caused by the Bank’s non-compliance with the tax regulations, but because there were
different interpretations in each panel of judges regarding several tax cases in the banking industry, which resulted to
different decisions for the same dispute. Bank CIMB Niaga is still continue pursuing legal actions in accordance with the
applicable law.
LEGAL ISSUES FACING INCUMBENT MEMBERS OF THE BOARD OF COMMISSIONERS AND BOARD
OF DIRECTORS OF THE BANK
Throughout 2023, no current members of the Bank’s Board of Commissioners or Board of Directors had been involved
in a civil or criminal case or dispute.
IMPORTANT CASES FACED BY SUBSIDIARIES
In 2023, the legal issues involved by the Subsidiaries consist of civil, criminal, and tax cases, which can be observed in
the table as follows:
Total
Subsidiaries Legal Cases Civil Criminal Tax
2023 2022 2023 2022 2023 2022
CIMB Niaga Auto Number of Cases Faced 18 10 1 1 - -
Finance (CNAF)
Settled Cases (Final and Legally Binding) 10 3 - 1 - -
Cases in Settlement Process 8 7 1 - - -
(as of December)
CIMB Niaga Number of Cases Faced - - - - - -
Sekuritas (CNS)
Settled Cases (Final and Legally Binding) - - - - - -
Cases in Settlement Process - - - - - -
(as of December)
IMPORTANT CASES FACED BY INCUMBENT MEMBERS OF THE BOARD OF COMMISSIONERS AND
BOARD OF DIRECTORS OF SUBSIDIARIES
Throughout 2023, no current members of the Board of Commissioners or Directors of Subsidiaries had been involved
in a civil or criminal case or dispute.
IMPACT OF LEGAL ISSUES ON BANKS AND SUBSIDIARIES
All legal issues faced in 2023 have no material impact on the status, position, and continuity of the Bank and its
Subsidiaries’ business activities.
Administrative Sanctions Imposed
by Relevant Authorities
In 2023, no material administrative sanctions affected the business continuity of CIMB Niaga, nor were there any
administrative sanctions imposed by the regulators on members of the Board of Commissioners and the Board of
Directors.
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Governance Framework, Management and
Control of Tax Aspects
In the rapidly changing banking industry, managing and controlling tax aspects is one of the most critical pillars for
ensuring long-term viability and shareholder trust. As a business entity, CIMB Niaga is responsible for adhering to
complex tax regulations. By taking a targeted approach, the Bank can ensure both operational reliability and legal
compliance.
CIMB Niaga manages and controls tax matters by establishing sufficient governance framework, from enacting clear tax
policies and procedures, as well as providing guidance on tax reporting, tax obligations, and tax risk mitigation. CIMB
Niaga also benefits from the implementation of an integrated tax information technology system, which enables the
bank to manage financial data more efficiently. This system enables accurate tax recording and reporting while also
ensuring the Bank’s consistency and adherence to tax regulations and applicable recording rules and regulations.
Anti-Bribery and Corruption Policy
PROGRAMS AND PROCEDURES One concrete form of the Bank’s commitment is
demonstrated through the obtainment of SNI ISO
CIMB Niaga implements anti-bribery and corruption 37001 certification – Anti-Bribery Management System
programs and procedures as outlined in Anti-Bribery and (ABMS) for Strategic Procurement and Admin Property
Corruption Policy No. M.11 and Anti-Bribery Management Management in 2023.
System Policy (ABMS) No. M.14. These two policies are a
statement of the Bank’s principles and commitment to CIMB Niaga’s Anti-Bribery and Corruption Policy regulates
promoting anti-bribery and corruption practices, which programs and procedures including, among others:
are also classified as acts of cheating or fraud. 1. Bank principles in supporting anti-bribery and
corruption practices;
These policies aim to raise awareness of the risks of bribery 2. Anti-bribery and corruption commitment (Integrity
and corruption in the Bank’s business processes among Pact) carried out by all management and employees
all employees, including the Board of Commissioners, (both permanent and non-permanent) on a regular
Sharia Supervisory Board, Independent Party Committee basis;
members of the Board of Commissioners, and Board of 3. Responsible parties;
Directors. They also encourage participation in preventing 4. Programs and procedures to prevent bribery and
and avoiding such practices. The implementation of the corruption practices, including through:
Anti-Bribery and Corruption Policy, as well as the ABMS a. Implementation of awareness programs;
Policy, aims to combat corruption, kickbacks, fraud, b. Regular signing and attestation of the Integrity
bribery, and gratification practices. Pact by all CIMB Niaga management and
employees as well as Business Partners who will
It is expected that the implementation of this policy will collaborate with CIMB Niaga;
result in bribery and corruption-free business practices, c. Implementation of Due Diligence such as Know
thereby protecting the Bank and all employees from Your Customers (KYC) and Know Your Employee
negative consequences such as legal risks, financial losses, (KYE);
negative reputation, and customer loss. Implementing d. Delivery and publication of Anti-Gratification
this policy can also help the Bank maintain its reputation reminders to the Bank’s Business Relations, a
and the trust of its shareholders, stakeholders, and the minimum of twice a year;
wider community. e. Prohibition of giving and/or receiving
gratifications, kickbacks and political donations;
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f. Provisions for donations must be channeled related to their positions, duties, and responsibilities
through CSR or Qardhul Hasan Funds, as well as at the Bank.
conducting Due Diligence on the recipients;
g. Provisions for entertainment and sponsorship RISK ASSESSMENT ON BRIBERY AND
costs; CORRUPTION
h. Conflict of Interest CIMB Niaga conducts a bribery and corruption risk
5. Violations and sanctions; assessment to anticipate the risks and consequences
6. Documentation and Reporting; of bribery and corruption, as well as to evaluate the
7. Risk Assessment; effectiveness of existing controls in mitigating the risk of
8. Training and Communication. bribery and corruption. This assessment is conducted on
a monthly and annual basis.
The Bank’s website provides detailed information about
the Anti-Bribery and Corruption Policy and the ABMS The Good Corporate Governance and Sustainability unit
Policy. CIMB Niaga also has anti-bribery and corruption conducts risk assessments on a monthly basis, comparing
policies that complement one another, such as the Code data on the number of allegations or cases of bribery
of Ethics and Code of Conduct, Anti-Fraud Policy, and and corruption to data on the number of complaints
Whistleblowing Policy. received by the Bank about suspected bribery and
corruption in that month. Meanwhile, each work unit,
DECLARATION OF INTEGRITY PACT, with the assistance of RCU/DCORO, conducts annual risk
CODE OF ETHICS AND ANTI-BRIBERY AND assessments to identify risks, mitigation controls, and the
CORRUPTION COMMITMENT level of risk of bribery and corruption in their work units,
In addition to implementing the Anti-Bribery and which are reviewed each year.
Corruption Policy and SMAP Policy, CIMB Niaga has
an anti-bribery and corruption commitment, which ANTI-BRIBERY AND CORRUPTION TRAINING/
is expressed in the form of a written declaration and SOCIALIZATION
made public to all parties, both internal and external, CIMB Niaga encourages all employees, work partners,
including via e-mail and the website. The declaration of and other stakeholders to take an active role in
anti-bribery and corruption commitment, which is part preventing bribery and corruption. This effort is
of the Integrity Pact Declaration, Code of Ethics, and carried out by conducting anti-bribery and corruption
Anti-Bribery and Corruption Commitment, includes socialization, such as e-mail blasts on Anti-Bribery and
the following: Corruption, socializing the prohibition on receiving or
1. The Bank is committed to conducting business based giving gratifications, raising anti-fraud awareness among
on the values of integrity and guided by the Bank’s all employees, as well as conveying anti-gratification
Code of Ethics and Personnel Behavior. appeals to the Bank’s business partners, including
2. The Bank is constantly striving to improve and customers. Periodically, at least twice a year, via letter,
enhance every business process so that it adheres to e-mail, website, social media, Bank ATM screen, OCTO
the principles of integrity. Clicks, and OCTO Mobile applications.
3. The Bank implements the principle of zero tolerance
for actions related to corruption, bribery, and/or CIMB Niaga has also signed the Declaration of Integrity
violations of applicable laws and regulations. Pact, Code of Ethics, and Anti-Bribery and Corruption
4. The Bank prohibits all members of the Board of Commitment (Pact) by the CIMB Niaga Board of
Commissioners, Sharia Supervisory Board, Board Commissioners and Board of Directors on a regular basis
of Directors, Independent Party Members of the since 2020. In 2023, the signing took place on 22 May
Board of Commissioners Committees, employees 2023, and was published on the CIMB Niaga website. The
(both permanent, contract, and non-permanent signing of this Integrity Pact is followed up at all levels
employees), consultants, advisors, outsourced, of the organization by requiring all employees, both
vendors, or other parties who work for and on behalf permanent and non-permanent, to annually attest to
of the Bank from enticing, promising, or giving to the Integrity Pact Declaration, Code of Ethics, and Anti-
State Officials and/or Civil Servants within the scope Bribery and Corruption Commitment via the Y.O.D.A.
of their duties. (Your Own Digital Assistant) application.
5. The Bank prohibits all members of the Board of
Commissioners, Sharia Supervisory Board, Board Other initiatives implemented in 2023 in terms of
of Directors, Independent Party Members of the prevention and socialization to increase understanding
Board of Commissioners Committees, employees of anti-bribery and corruption include:
(both permanent, contract, and non-permanent
employees), consultants, advisors, and those 1. Socialization of the contents of the Anti-Bribery and
outsourced within the scope of the Bank’s work from Corruption Policy and the new ABMS Policy to all
requesting gifts from individuals and organizations employees via email.
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2. The Bank has added bribery and corruption clauses 4. SNI ISO 37001 - ABMS Certification in the Strategic
to its legal agreement document format with external Procurement and Administrative Property
parties, such as the Loan Agreement, General Terms Management Sub-Directorate.
and Conditions for Opening Accounts, and Work
Orders (vendor partners), which are effective on 1 In support of anti-bribery and corruption policies,
January 2023. CIMB Niaga continues to improve the Whistleblowing
3. In collaboration with consultants, provide System channel as a medium for reporting, including
SNI ISO 37001 - ABMS training and awareness to the corruption-related reports. Information regarding the
Board of Commissioners, Board of Directors, senior Whistleblowing System has been described in detail in
management, and employees. the Whistleblowing System discussion in this Annual
Report.
Provision of Funds to Related Parties
POLICY prior to the material transactions with the affiliated
CIMB Niaga considers provisions such as the Commercial parties, as stipulated in the Audit Committee Charter.
Credit Policy and the Consumer Credit Policy when These transactions must be reported to the OJK, and
providing funds to related parties. This policy regulates information must be disclosed to the public in accordance
that funds be provided to related parties, such as with OJK Regulation No. 42/POJK.04/2020 concerning
members of the Board of Commissioners, members of Affiliate Transactions and Conflicts of Interest and OJK
the Board of Directors, Executive Officers, and related Regulation No. 17/POJK.04/2020 concerning Material
or other affiliated parties with the Bank, on reasonable Transactions and Changes in Business Activities.
terms and in accordance with applicable credit provisions
and procedures. In 2023, CIMB Niaga did not record any violations or
exceed the Legal Lending Limit (LLL) when providing
PROCEDURE funds to parties related to the bank.
CIMB Niaga Board of Commissioners is obliged to
approve the provision of funds to parties related DISCLOSURE
to the Bank in accordance with OJK Regulation In 2023, CIMB Niaga did not engage in any material
No. 32/POJK.03/2018 concerning the Legal Lending transactions with affiliated parties with a potential
Limit and Provision of Large Exposure for Commercial conflicts of interest. The Notes to the Consolidated
Banks and internal Bank regulations. Before carrying out Financial Statements, which are included in this Annual
material transactions with related parties or transactions Report, provide detailed information on the provision
that have the potential to cause a conflict of interest for of funds to related parties, including the nature of
the Bank, the approval of the Board of Commissioners the relationship, the nature of transactions, and the
must be based on Audit Committee recommendations transaction value in 2023.
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Policy for Disclosure of Information Regarding
Share Ownership of Members of The Boards of
Directors and Board of Commissioners
The Conflict Management Policy states that members of than 2 (two) working days after the transaction occurs.
the Bank’s Board of Directors and Board of Commissioners In addition to these policies, the Bank’s Corporate
must disclose share ownership information in accordance Governance Policy, the Board of Directors’ Charter, and
with internal regulations/guidelines. This policy stipulates the Board of Commissioners’ Charter all contain similar
that every member of the Board of Directors and Board of arrangements.
Commissioners who conducts Bank and other company
securities transactions submit a transaction plan to the The Company Profile Chapter of this Annual Report
Bank Control Room (Corporate Affairs) at least 2 (two) includes information on the direct and indirect share
working days in advance of the planned transaction ownership of members of the Board of Directors and
and to report it back to the Bank Control Room no later Board of Commissioners of the Bank in 2023.
Access to Corporate Data and Information
CIMB Niaga continually makes it easy for all stakeholders instilling investor perceptions and expectations about
to access information about the Bank’s performance, both the Bank’s strategy, business prospects, operations, and
financial and non-financial, via available communication financial performance.
channels such as social media, websites, email blasts
and public exposure for customers and the public, press The duties and responsibilities of Investor Relations are
releases, and a special internal communication channel as follows:
for CIMB Niaga employees. 1. Developing communication strategies, particularly
with investors, shareholders, analysts, investment
The Bank’s Annual Report, which serves as a source of managers, rating agencies, and the capital market
information and data for the company, is available on community in general.
the bank’s website in both Bahasa and English. Additional 2. Prepare Bank performance presentation materials
information can be accessed through: for analyst meetings, Public Expose, Investor Day,
1. Contact Center Service: 14041 or +6221-2997-8888 and other types of investor meetings to ensure
(from overseas) transparency.
2. Preferred Assistance: 1500 800 (CIMB Preferred 3. Transparency in company information, including
only) financial and non-financial information, as well as
3. Email: 14041@cimbniaga.co.id Bank strategies.
4. Business Banking Contact Center: 4. Communicating the Bank’s performance to external
14042 or +6221- 8065-5111 (from overseas) parties such as investors, shareholders, analysts, and
5. Website: www.cimbniaga.co.id other players in the capital market.
6. Investors can directly contact the Bank’s Investor 5. Maintain good relations and serve as a liaison
Relations Unit via the web page: https://investor. between the Bank and stakeholders by managing
cimbniaga.co.id and e-Mail: investor.relations@ communication and correspondence with investors,
cimbniaga.co.id. shareholders, analysts, securities companies, and
rating agencies.
INVESTOR RELATIONS 6. Maintain the confidentiality of information concerning
CIMB Niaga has an Investor Relations unit that is the Bank or its customers as appropriate, and do not
constantly working to improve the Bank’s image use this confidential information for personal gain or
by developing relationships and communicating the benefit of certain other parties.
with investors both interactively and periodically. In 7. Coordinate the annual report’s preparation,
addition to providing access to company information publication, and distribution to all stakeholders.
and data, the Investor Relations unit is responsible 8. Providing data, information, and other related reports
for communicating relevant information and assisting on the Bank’s performance via the Investor Relations
investors in making investment decisions, including website for easier and wider access.
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INVESTOR RELATIONS ACTIVITIES
In 2023, the Investor Relations unit had organized various activities and interactions by inviting investors, shareholders,
analysts, and capital market players, as follows:
1. Organized 4 (four) Analyst Meetings in a year:
Date Topic Description
17 February 2023 CIMB Niaga 4Q22 Performance Video conference call
27 April 2023 CIMB Niaga 1Q23 Performance Video conference call
31 July 2023 CIMB Niaga 2Q23 Performance Video conference call
27 October 2023 CIMB Niaga 3Q23 Performance Video conference call
2. Interactions and discussions with investors, shareholders and analysts via teleconferences and in-house meetings
are as follows:
Type of Meeting Number of Meeting Number of Analyst/Investor
Bilateral Meeting 29 104
Investor Conference - -
Webinar 2 40
Total 31 144
3. Organized the Annual Review with national and international credit rating agencies, as follow:
Date Rating Agency
15 May 2023 Moody’s
29 August 2023 Pefindo
23 November 2023 Moody’s
4. The 2023 Annual Public Expose was held online on 24 November 2023, via video conference call using the Zoom
Webinar platform. At the Public Expose, the Bank’s Board of Directors explain the Bank’s operational and financial
performance, as well as its strategy, to the public, which includes investors, shareholders, analysts, and the media.
SOCIAL MEDIA
Currently, CIMB Niaga has managed 6 (six) social media accounts that serve as a medium for communicating information
about the Bank’s activities such as brands, product promotions, tips, and other information. Several social media
platforms also respond to questions from fans/followers, whether they are or are not bank customers. In addition,
CIMB Niaga uses social media as a communication channel to convey information about the Bank’s activities, with the
goal of assisting customers in receiving clear information and assistance if they encounter problems while conducting
banking transactions.
The six Banks’ social media accounts are as follows:
1. Facebook : CIMB Niaga (https://www.facebook.com/CIMBIndonesia)
2. Instagram : @cimb_niaga (https://www.instagram.com/cimb_niaga)
3. Twitter : @CIMBNiaga (https://twitter.com/CIMBNiaga)
4. Youtube : CIMB Niaga (https://www.youtube.com/@CIMBNiagaIndonesia)
5. LinkedIn : CIMB Niaga (https://www.linkedin.com/company/pt--bank-cimb-niaga-tbk/)
6. Tiktok : CIMB Niaga (https://www.tiktok.com/@cimb.niaga)
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INTERNAL COMMUNICATIONS
Internal communications at the Bank are delivered via a variety of channels, including e-mail blasts (Galeri News & HR
Info), e-Portrait digital magazines, and interface displays on computer screens or wallpaper. Employees can access
information using computers or smartphones.
Throughout 2023, the e-Portrait digital magazine was accessed approximately 40,500 times, both through smartphone
devices and computers, and was amplified via Instagram eportrait.internal, which had 196 posts and 5,520 followers.
CIMB Niaga also provides over 1,600 editions of information to employees about Bank developments via the Galeri
News and HR Info, which are updated every working day.
PRESS CONFERENCE
CIMB Niaga believes that mass media plays an important role in its journey, growth, development, and achievement.
Therefore, one of the Bank’s primary goals is to establish and maintain positive relationships with the mass media
through a variety of activities, including the distribution of press releases.
In 2023, CIMB Niaga issued 75 (seventy-five) press releases. The title and complete contents of all CIMB Niaga press
releases are available at https://www.cimbniaga.co.id/id/tangan-kami/berita.
No Theme of Press Release Number of Press Release
1 Company 29
2 Products and Services 22
3 Corporate Social Responsibility (CSR) & Sustainability 9
4 Branding dan Sponsorship 15
Total 75
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Goods and Services Procurement Policy
CIMB Niaga has a Goods and Services Procurement Policy 2. Anti-corruption, bribery, and illegal payments
that was updated in 2023. This policy is supported by a Vendors are not permitted to engage in any form of
Standard Operating Procedure (SOP) for Procurement of corruption, bribery, or kickbacks, including giving,
Goods and Services, which was last updated in 2022. The offering, or requesting payments or other forms of
CIMB Niaga Goods and Services Procurement Policy and benefits conferred to improperly influence decision-
Standard Operating Procedure (SOP) became the primary making.
reference for all goods and/or service procurement
activities carried out by the Bank’s work units, both 3. Gift and Entertainment
conventional and Sharia business unit. Furthermore, The Bank has implemented a “No Gifts” policy
CIMB Niaga has a Third-Party Risk Management SOP, to demonstrate its commitment to high ethical
which governs appropriate control standards and standards. As a result, vendors are not permitted to
systems used in collaboration with vendors to manage/ offer, send, or exchange gifts and entertainment with
send/process/store non-public data and confidential Bank employees because the Bank is committed to
customer information. operating with the highest level of integrity. This is to
prevent any conflicts of interest or the appearance of
BASIC PROCUREMENT PRINCIPLES FOR such in our business dealings. The Bank periodically
GOODS AND SERVICES (at least twice a year prior to Idul Fitri and Christmas/
1. Obtaining reliable and excellent Vendors of goods New Year) delivers Anti-Gratification letters and/or
and/or services required by the Bank effectively and announcements to Vendors, outsourcing companies,
efficiently. Corporate Social Responsibility partners, and others.
2. Creating a fair, sound, and controlled climate of
competition through improved transparency in 4. Conflict of Interest
selecting supliers of goods and/or services. Vendors must disclose any information that may
3. Selecting Vendors based on the GCG and Sustainability raise a possible conflict(s) of interests, such as a
principles. relationship with a Bank employee (including family
4. Complying with the applicable taxation provisions for members, spouses, or close friends).
every procurement of goods and/or services by the
Bank with Vendors of the goods and/or services. 5. Labour Practices & Human Rights
a. Vendors must comply with all applicable labour
VENDOR CODE OF CONDUCTS & employment laws and regulations, including
The CIMB Niaga Vendor Code of Conducts is applicable those pertaining to minimum wages.
to vendors who provide goods or services to CIMB Niaga b. Vendors must provide equal opportunities and
(Partner). Vendors must comply with specific provisions treatment for all of their employees.
as stated in the cooperation agreement with CIMB Niaga, c. Vendors must avoid all forms of discrimination
including general terms and conditions in Purchase and respect respect the personal dignity and
Orders and Work Agreement, etc. The VCOC includes rights of each individual.
three key areas (Economic, Environmental, and Social or d. Vendors must not employ or force anyone to
EES), where CIMB Niaga encourages the Vendors to make work against his or her will, involving child labour,
voluntary disclosures. forced labour, or human trafficking.
Vendors must sign and comply with the applicable Vendor
Code of Conducts in the process of procuring goods and
services, with the context and definitions articulated in
CIMB Niaga policies relating to:
1. Legal Compliance
Vendors must comply with the laws and regulations
governing the applicable jurisdiction. Vendors are
strictly prohibited from being involved in transactions
linked to the financing of parts mainly or solely used
for arms and munitions, and/or casinos, and/or
gambling.
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6. Confidentiality and Protection of Confidential Data. Vendors who violate or fail to comply with the Code of
a. Vendors must keep all data or information shared Conducts will be immediately reported and may face
by Bank confidential at all times (both during and serious consequences, including contract termination
after the business relationship). Vendors must and inclusion on the Bank’s Blacklist of vendors
not share such data and information with third providing goods or services. The Bank has an AYO LAPOR
parties unless the Bank provides official written Whistleblowing System in place to handle complaints,
consent. allowing them to be investigated and resolved
b. In situations where the Bank’s confidential data objectively. Vendors can raise concerns about illegal,
or information is to be disclosed to a vendor or unethical, or questionable matters/practices (particularly
another external party, it is mandatory to execute those outlined in the Code of Conducts) confidentially
a Non-Disclosure Agreement (NDA) before and without risk. Detailed information about the Vendor
disclosure to protect the Bank’s information and Code of Conducts can be found on the Bank’s website
interests and those of its customers. at https://investor.cimbniaga.co.id/misc/governance-
c. Vendors must comply with all applicable laws, policy/Kode-Etik-Rekanan-2022.pdf.
rules, and regulations governing confidentiality,
Bank secrecy, personal data and privacy ELECTRONIC PROCUREMENT OF GOODS AND/
protection. OR SERVICES (E-PROCUREMENT)
The electronic procurement process for goods and/or
7. Employee Health and Safety services is carried out through a web/internet-based
a. Vendors must take reasonable steps to control system by utilizing communication and information
hazards and a safe working environment for their technology facilities. The Bank provides online access
employees. to Vendors who provide goods and/or services for the
b. Vendors must take precautionary measures Vendor registration process, tender/bidding, billing
against accidents and occupational diseases process for goods and/or services by Vendors, and bill
payments.
8. Environmental Protection
a. Vendors must comply with all applicable Electronic procurement of goods and/or services aims
environmental laws and regulations. to increase transparency and accountability, improve
b. Vendors must minimize environmental procurement process efficiency, support monitoring and
pollution and continuously strive to protect the audit processes, and meet the need for real-time access
environment. to information and equal information for all procurement
c. Vendors are strictly prohibited from engaging Vendors. The Bank has also used an electronic payment
in illegal logging or using uncontrolled fire to application known as SMART (Spending Management
clear forest land, which destroys natural carbon, & Automated Reporting Tool) to automate routine
habitat, and ecosystems. payments of Bank bills and vendor bills outside of the
d. Vendors are strictly prohibited from engaging e-Procurement application, so that all Bank bill payments
in transactions related to the development of are no longer made manually.
natural resources within UNESCO World Heritage
Sites unless they have prior agreement with the VENDOR DUE DILIGENCE FOR 2023
relevant government authorities and UNESCO CIMB Niaga routinely conducts annual due diligence on
that such transactions will not have a negative vendors. In 2023, the Bank has been evaluated 91 new
impact on the site’s outstanding universal value. vendors for goods and services procurement.
1. Vendor evaluation, which is the process of
9. Healthy competition implementing due diligence on the existence and
Vendors are not permitted to discuss prices, condition of a prospective Vendor, is conducted at
distribution procedures, customers, product the first time the Bank intends to use the vendor
development, and plans or activities with competing services.
companies, and they must comply with all applicable 2. The Vendor Selection team conducts the following
competition and anti-trust laws and regulations. steps in Vendor evaluation:
a. Receive the proposal for New Vendor submission,
which is done in writing using the form of a New
Vendor Submission Form that has been approved
by the D-2 Officer of the Work Unit who submitted
the proposal.
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b. Contact prospective Vendors to complete the 3. Fill out the SDD questionnaire to ensure that
relevant documents and provide the necessary prospective Vendors are not involved in or carrying out
forms, comprising: activities listed as prohibited business activities, such
i. Vendor Code of Conducts; as weapons and ammunition, casinos, entertainment
ii. List of Information from Vendor/Prospective games, illegal logging or illegal burning, or activities
Vendor containing a Sustainability Due that have a negative impact on cultural heritage sites,
Diligence (SDD) questionnaire related to as well as do not have a negative reputation in social
sustainability both from an economic, social, and environmental issues.
and environmental perspective, as well as a 4. Periodic assessment of Vendors providing goods
statement of whether there is a relationship and/or services. The Vendors Selection team will
with the Bank’s employees; create documentation on the results of the Vendor
iii. Statement letter regarding the company’s performance assessment carried out, at random, by
deed of establishment in the form of share the team that undertakes the procurement of goods
ownership structure and the company Board and/or services as well as the user’s work unit, using
of Director’s structure. the vendor’s annual assessment form.
iv. Statement of the appointment of a PIC who 5. Vendor evaluation for users in project work can be
will work with the Bank; followed up by an assessment of the results of vendor
v. Statement regarding any involvement in a performance for each completed project.
litigation case.
c. Requesting information of client(s) that have
cooperated, or is currently cooperating, with the
Prospective Vendor.
Code of Ethics and Code of Conduct
CIMB Niaga always upholds integrity by having and implementing behavioral guidelines, namely the Bank CIMB Niaga’s
Code of Ethics & Code of Conduct. CIMB Niaga’s Code of Ethics & Code of Conduct is the basis for employee attitudes
and actions to work professionally and ethically based on principles that refer to the Bank’s vision, mission, and values,
as well as applicable internal and external regulations. Bank CIMB Niaga’s Code of Ethics & Code of Conduct apply to all
levels of the organization, including the Board of Commissioners, Board of Directors, and all employees.
PURPOSE OF THE BANK CIMB NIAGA CODE OF ETHICS & CONDUCT
The objectives of implementing the Bank CIMB Niaga’s Code of Ethics & Code of Conduct are as follows:
1. To serve as guidelines in preparing policies, procedures, and management practices at the Bank.
2. To regulate the attitudes, actions, and responsibilities of employees and people who work for and on behalf of the
Bank to ensure they work professionally and ethically.
3. To serve as a basic guideline for attitudes and actions when executing tasks and making decisions.
4. To provide an understanding of the appropriate conduct of employees in establishing relationships with the Bank,
between colleagues, with customers, with regulators, with business partners, and with the general public.
5. To ensure similarity and consistency of employee attitude and action in daily operational activities.
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PRINCIPLES/CONTENTS OF BANK CIMB NIAGA’S CODE OF ETHICS & CODE OF CONDUCT
Bank CIMB Niaga’s Code of Ethics & Code of Conduct contains 6 (six) basic ethical principles for every CIMB Niaga
employee when interacting professionally in their daily work, including:
MUTUAL RESPECT
The Bank treats all employees fairly,
respectfully, and with appreciation, and
expects all employees to be honest, uphold
integrity, and respect one another to maintain INTEGRITY
good relationships. Employees must always maintain integrity
by behaving honestly, respecting each other,
and being professional.
JUSTICE
Employees are required to behave
CONFIDENTIALITY
responsibly and uphold a culture of fairness Each employee must protect the
and openness in every interaction with all confidentiality of information provided to
stakeholders. Employees are also required
to act fairly and in accordance with business CODE OF them, including customer data, and only
use the information for purposes specified
ethics and applicable legal regulations, both
relating to the Bank’s internal policies and ETHICS by the Bank. Disclosure of information can
only be carried out in accordance with the
regulations from the authorities. In addition, Bank’s internal policies and applicable laws
employees are prohibited from carrying out and regulations.
any actions that are in violation of applicable
laws and regulations.
COMPETENCE
CONFLICT OF INTEREST Every employee is obliged to apply and
develop the knowledge and skills needed
Every employee is obliged to avoid to perform their job duties professionally,
situations and conditions that may cause a includingcontinuously improve and update
conflict of interest. If there are things that their skills and qualifications as needed.
can affect the objectivity of the employee’s
assessment, the employee must report it to
the Bank.
In addition to the principles above, Bank CIMB Niaga’s 4. Misuse of Facilities, Company Assets, and Authority
Code of Ethics & Code of Conduct also regulates a code • Fraud actions
of behavior that serves as guidance for employees in • Misuse of employee facilities
behaving and interacting with stakeholders. The main • Use of Company assets
contents of the Code include: • Acting responsibly and according to authority
1. Provisions regarding Investment Activities, External • Compliance with Company policies and
Business, and Conflicts of Interest; procedures
• Trading using Non-Public information 5. Provisions regarding Data and Information
(insider trading) • Accuracy of Data and Reports
• Personal Investment • Ownership of Information
• Behavior in managing personal finance • Confidentiality of Information
• Employment outside the Company/external • Whistle blowing
business interests 6. Discipline, Comfort, Work Safety, and Security
• Financial benefit outside the Company • Employee discipline
• Manage conflict of interest • Paid leave
2. Provisions regarding Acceptance of Gifts (Gratuities), • Work Safety and Comfort
Anti-Bribery, and Corruption • Actions that violate the law
• Policy on giving and receiving gratuities • Skills and competencies
• Anti-Bribery and Corruption • Responsibilities at the end of employment
3. Provisions regarding Personal and the Company’s relationship
Good Name 7. Culture of mutual respect, appreciation and support,
• Use of social media and adequate supervision;
• Maintaining the Company’s reputation 8. Prohibition of Preferential Treatment;
• Maintaining personal reputation 9. Provisions regarding business transactions related to
• Public speaking on behalf of the Company customer account and fund;
• Speaker in external training/as source/writer 10. Provisions regarding personal transactions with
customers;
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11. Provisions regarding handling customer complaints; application. This was done in an effort to ensure that
12. Compliance and reporting to regulators; materials to help better understand Bank CIMB Niaga’s
13. Anti-competitive policies; Code of Ethics & Code of Conduct could be accessed by
14. Fair and objective evaluation in goods and services employees anywhere and at any time. CIMB Niaga also
procurement; uploaded the Bank CIMB Niaga’s Code of Ethics & Code of
15. Provisions regarding Sustainability Culture; Conduct document on the Bank’s internal policy website
16. Provisions regarding Corporate Social Responsibility (e-Manual) so all employees could easily download it.
Culture.
CIMB Niaga provides strict sanctions for employees
STATEMENT OF THE BANK CIMB NIAGA CODE who violate the Bank’s applicable Code of Ethics & Code
OF ETHICS & CONDUCT APPLIES TO ALL of Conduct to create deterrence for violators and as a
LEVELS OF THE ORGANIZATION learning tool for other employees to always comply with
Bank CIMB Niaga’s Code of Ethics & Code of Conduct Bank CIMB Niaga’s Code of Ethics & Code of Conduct.
apply to all Bank employees, including the Board of
Directors and Board of Commissioners. All employees To facilitate the process of identifying violations that
are required to study and understand the contents occur, CIMB Niaga provides a communication channel
of this policy and sign a commitment statement form managed by PT Deloitte Advis Indonesia that can be used
every year. The implementation and application of the by employees as a means of reporting violations of Bank
Bank CIMB Niaga’s Code of Ethics & Code of Conduct CIMB Niaga’s Code of Ethics & Conduct:
are the responsibility of all employees at all levels of the a. Website : https:// idn.deloitte-halo.com/ayolapor/
organization, as well as one of the Bank’s commitments b. Email : ayolapor@tipoffs.info
in implementing Good Corporate Governance to achieve c. Telephone : 14031
the vision and mission. d. SMS & WA : +62 822 11356363
e. Facsimile : +62 21 2856 5231
SIGNING OF INTEGRITY PACT f. Mail : Ayo Lapor PO BOX 3331 JKP 10033
CIMB Niaga has been conducting the signing of
Declaration of Integrity Pact, Code of Ethics & Anti-Bribery DISCIPLINE ENFORCEMENT POLICY AND
and Corruption Commitment which is done by CIMB DETERMINATION OF SANCTION FOR
Niaga’s Board of Commissioners & Board of Directors VIOLATION
periodically and presents this to the public via the website CIMB Niaga implements the Disciplinary Enforcement
since 2020. The signing of the Integrity Pact is followed up Policy and Determination of Sanctions for Violations,
at all levels of the organization through the obligation to with No. A.11.07 and A.07.08 regulating the provision of
attest to the Declaration of Integrity Pact, Code of Ethics sanctions for employee violations. This policy regulates
& Anti-Bribery and Corruption Commitment every year the roles and responsibilities of direct superiors and
by all employees, both permanent and non-permanent, work unit leaders, the duties and responsibilities of
through the Y.O.D.A. (Your Own Digital Assistant) system. related units in handling a violation, as well as the duties
In 2023, the signing took place on 22 May 2023. and responsibilities of the Employee Disciplinary Action
Determination Team (TPTDK) in determining guidance
DISSEMINATION AND MONITORING OF THE for employees who commit violations.
IMPLEMENTATION OF BANK CIMB NIAGA’S
CODE OF ETHICS & CODE OF CONDUCT The determination of sanction for a violation is adjusted
The Bank disseminated information to raise awareness to the level of the violation committed, starting with
and understanding among all employees about reprimands, written warnings, and termination of
conducting behaviors that are in accordance with the employment. The determination of sanctions at each
Bank’s core values in their daily work. Dissemination level of violation is decided by the TPTDK in accordance
and monitoring of the implementation of the Bank CIMB with applicable regulations. The types of sanctions given
Niaga’s Code of Ethics & Code of Conduct are carried for violations of the Code of Ethics & Code of Conduct in
out using various approaches, including seminars/ 2023 include:
workshops, training, and the dissemination of articles 1 Coaching
from the Bank CIMB Niaga’s Code of Ethics & Code of 2 Reprimand Letter
Conduct through the Bank’s internal media channels to 3 First Warning Letter (SP 1)
all employees. 4 Second Warning Letter (SP 2)
5 Third Warning Letter (SP 3)
CIMB Niaga also created guides and online learning 6 Employee Termination
materials related to the Bank CIMB Niaga’s Code of Ethics
& Code of Conduct through the Learning on the Go (LoG)
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DATA ON EMPLOYMENT VIOLATIONS IN 2023
In 2023, there were 213 (two hundred and thirteen) employees who were sanctioned with the following details:
Categories and Number of Violations and Quality Trends in the Implementation of
the Code of Ethics & Code of Conduct in 2022-2023
158
97
45
29 2022
5 4 7
3 2023
Fraud Indiscipline Negligence Non Compliance
Number and Type of Sanctions in 2022 - 2023
75
60
44 44
37
32
28
11 2022
6 5 4
2 2023
Employee SP 1 SP 2 SP 3 Reprimand Coaching
Termination Letter
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Corporate Values and Culture
The Corporate Values and Culture of CIMB Niaga have been explained in the Company Profile Chapter of this Annual
Report.
WORK CULTURE ALIGNMENT (EPICC)
Corporate values are the foundations for building corporate culture and serve as a basis for behavioral guidance for all
employees in behaving and interacting with stakeholders, colleagues, senior management, customers, regulators, and
other external parties. To continuously internalize corporate values and culture in the daily work activities, the Bank has
carried out various initiatives, as follows:
EPICC
Communication
It is an effort to build awareness through various online and offline campaigns, such as education on key behaviors that must be adopted by leaders
and employees through EPICC publication (bite-size campaign), inspirational stories (EPICC Stories), which are disseminated via email and internal
magazine (e-portrait), EPICC Video, various competitions and quizzes, talk show series (HyTalks), EPICC Town Hall, EPICC Podcast, and others.
Throughout 2023, more than 11,000 participants from the main and branch offices attended all EPICC Communication programs.
EPICC
Cascading
It is an internalization effort through training/seminars carried out at all organizational levels, from the Board of Directors to employees. The training
includes the dissemination of corporate values, EPICC skill building, understanding current and future EPICC conditions, and the establishment
of joint commitments to improve the value of EPICC. To ensure continuity and consistency of the program, the Bank organizes EPICC Hours,
an interaction forum for leaders and employees to ensure consistent implementation of EPICC values in their work units, and EPICC Briefing,
introducing EPICC in all meetings and training.
EPICC
AMBASSADOR
To ensure maximum internalization of EPICC in all work units, the Bank appoints EPICC Ambassadors (Change Agent) from employees who have
consistently and successfully adopted EPICC values in their daily work. Through EPICC Connect, the Bank organizes an interactive discussion
involving all EPICC Ambassadors to measure the improvement in corporate culture internalization in the work unit. As a token of appreciation for
the dedication and contribution of all EPICC Ambassadors, EPICC STAR is awarded to EPICC Ambassadors and the best employee.
EPICC
Hardwiring
Implementation of EPICC Values is carried out through policy and procedure adjustments, such as adjustments to the assessment of potential
employees during recruitment, performance assessment, and internal assessment. In addition, the Bank is committed to building a feedback and
recognition culture through the ARJUNA platform, where all employees can give their feedback and recognitions to other employees, in order to
create a more healthy, productive, and open work environment so that every employee feels appreciated.
Providing Funds for Social and Political
Activities
CIMB Niaga has continuously allocated funds for activities throughout 2023 has been presented in the
Corporate Social Responsibility (CSR) programs and 2023 Sustainability Report, which is prepared separately
activities as one of the Bank’s long-term commitments from this Annual Report.
and contributions to the environment and community,
especially the communities surrounding the Bank.
Detailed information on the Bank’s CSR programs and
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CIMB Niaga is fully committed not to providing funds for Resources Policy regarding Employee Activities Outside
the activities of any political party. Nevertheless, CIMB the Company related to Political Organizations or Political
Niaga continues to provide freedom for all employees Activities. These policies regulate certain limitations
to channel their aspirations into political activities with regarding the involvement of the Bank and its employees
certain limitations in order to avoid potential conflicts of in political activities to avoid conflicts of interest, including
interest. but not limited to provisions prohibiting the provision of
funds for political purposes. The implementation of this
This commitment has been stated in the Bank’s Code policy is expected to maintain the independence and
of Ethics & Code of Conduct, as well as the Human professionalism of the Bank and its employees.
Protection of Creditor Rights
CIMB Niaga has a Creditor Rights Fulfillment Policy the Bank’s creditors and business partners can access
No. M.05 in place to ensure the fulfillment of the rights of relevant information tailored to their specific needs,
creditors and maintains the confidence of creditors. This allowing each party to make objective decisions based on
policy is a guideline for the Bank’s acceptance of loans fair, reasonable, and accurate considerations.
from creditors and is available on the Bank’s website.
In addition, CIMB Niaga also assures that the rights of
Creditor Rights Fulfillment Policy No. M.05, which governs creditors are carried out properly, as provided for in
honest and transparent information disclosure as well as the agreement signed by the concerned parties, and
equal treatment of all creditors without discrimination, endeavors to meet the Bank’s obligation as agreed upon
is being implemented to protect creditor rights. All of in a timely manner in order to avoid delays or negligence
that may result in financial losses to both parties.
Transparency of The Bank’s Financial
and Non-Financial Condition
CIMB Niaga fulfilled its transparency obligations, and 3. Annual Report of CIMB Niaga was prepared and
the publication of financial and non-financial conditions presented in accordance with regulations and
is compliant with applicable regulations, which are submitted to regulators, rating agencies, banking
describes through the submission and publication in development institutions, research institutions/
print media and on the CIMB Niaga’s website: institutions, and financial magazines, as well as
published on the CIMB Niaga’s website.
TRANSPARENCY OF THE BANK’S FINANCIAL a. Financial highlights include stock highlights,
CONDITIONS reports of the Board of Commissioners, reports
1. Monthly Published Financial Statement have been of the Board of Directors, company profiles,
submitted to the regulator in accordance with the management discussion and analysis on business
provisions at the specified date and have been and financial performance, good corporate
published on the CIMB Niaga’s website. governance and corporate social responsibility.
2. Quarterly Published Financial Statement was b. The Annual Financial Statements audited by a
submitted to the regulator in accordance with the Public Accountant and a Public Accounting Firm
provisions at the specified date, and it was published registered with the Otoritas Jasa Keuangan (OJK).
on the CIMB Niaga’s website as well as in Indonesian The Annual Financial Statements are prepared
language newspapers with wide circulation in for 1 (one) financial year and are presented in
Indonesia, despite the fact that publication in comparison with the previous 2 (two) financial
newspapers is no longer required under POJK No. 37/ years.
POJK.03/2019.
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c. The statement of accountability of the Board of of Commissioners, Committees as well as internal
Commissioners and Board of Directors for the provisions pertaining to corporate governance,
accuracy of the contents of the Annual Report. including the Articles of Association and Committee
The statement is presented on a statement Charters, is also published on CIMB Niaga’s website.
sheet signed by all members of the Board of 2. Information on the Bank’s Products and Services,
Commissioners and members of the Board of including its office network, is published in the Annual
Directors. Report as well as in leaflets, brochures and other
d. In accordance with OJK Regulation printed materials available at each branch office,
No. 37/POJK.03/2019 dated 19 December or in the form of electronic information on CIMB
2019 on Transparency and Publication of Niaga’s website, social media, or via the CIMB Niaga
Bank Reports, which replaced OJK Regulation Contact Center, providing customers, investors, and
No. 32/POJK.03/2016 dated 8 August public with easy access to information on the Bank’s
2016 on Amendments to OJK Regulation products and services.
No. 6/POJK.03/2015 and OJK Regulation 3. Information on Procedures for Submitting Complaints
No. 29/POJK.04/2016 on the Annual Report and publication of reports submitted on the CIMB
of Issuers or Public Companies, the Bank has Niaga’s website for the implementation of consumer
accordingly submitted its Annual Report to OJK and protection provisions and information regarding
to shareholders according to the specified period. ownership structure transparency in the Annual
4. The Quarterly and Annual Published Risk Exposure Report and CIMB Niaga’s website.
and Capital Reports have been made public in 4. Important and relevant material information or facts
accordance with OJK regulations through the CIMB regarding events, incidents, or facts that can influence
Niaga’s website. the decisions of interested parties regarding that
information or fact, are always announced to the
TRANSPARENCY OF THE BANK’S NON- public via the CIMB Niaga’s website and the Indonesia
FINANCIAL CONDITIONS Stock Exchange.
1. Information on Corporate Governance, including the 5. Other information aimed at supporting information
Corporate Governance Annual Report, Corporate transparency, financial education and services to
Vision, Mission and Core Values, Composition and the public is delivered through various print and
Profiles of the Board of Commissioners, Sharia electronic media, including e-mail, websites and
Supervisory Board, Board of Directors, and Board various social media owned by CIMB Niaga.
Reporting Integrity and
Information Technology Systems
The Bank’s success in implementing transparency in collection, and presentation stages. This allows
financial and non-financial conditions for stakeholders stakeholders to be confident that the information they
is based on two key pillars: reporting integrity and receive is accurate and reliable.
information technology system security. The combination
of these two factors can also result in accurate, relevant, Furthermore, the Bank ensures Bank’s product
and reliable information. Both contribute significantly information transparency and the use of consumer
to build trust and reputation of the Bank among and/or customer data in accordance with the Otoritas
stakeholders. Jasa Keuangan Regulations on the Implementation
of Commercial Bank Products and the Otoritas Jasa
The integrity of CIMB Niaga’s reporting is ensured by Keuangan Regulations on Consumer and Public
compiling and presenting reports in accordance with the Protection in the Financial Services Sector. In terms of
Otoritas Jasa Keuangan Regulations on Transparency reporting integrity, CIMB Niaga prepares and publishes
and Publication of Bank Reports. This ensures that the Annual Report and Sustainability Report in accordance
information submitted by the Bank is accurate, complete, with the Otoritas Jasa Keuangan Regulations on Annual
and free of errors throughout the data preparation, Reports and the Implementation of Sustainable Finance
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for Financial Institutions, Issuers, and Public Companies. Technology (IT) system. The Bank’s IT system will ensure
The Bank’s Annual and Sustainability Reports are that data is always available and easy to access. In
prepared and published in a coordinated manner, putting contrast, IT security shields data from threats that might
historical performance into context while also describing compromise its integrity.
the Bank’s risks, opportunities, and future prospects.
CIMB Niaga is additionally supported by the use of CIMB Niaga ensures the availability and adequacy of
information technology, which provides channels for internal reporting, which is supported by an adequate
disseminating information on which stakeholders can IT system, in order to improve the quality of decision-
rely. To protect and ensure the integrity of reporting, making by the Board of Directors and oversight by the
the Bank employs a dependable and secure Information Board of Commissioners.
Conflict Management Policy
(Including Insider Trading)
CIMB Niaga has implemented a Conflict Management The Control Room of the Bank (Corporate Affairs) should
policy with the goal of establishing policies, identifying, announce the Blackout Period to all Bank employees,
preventing, and managing potential conflicts of interest as well as the Control Room of the CIMB Group. Every
that may arise as a result of activities carried out by the employee and management who will carry out Bank or
Bank’s business units to obtain information about CIMB CIMB Group Securities transactions (outside the Blackout
Niaga and CIMB Group customers. This policy governs period) are also required to report and obtain prior written
procedures for trading Bank and CIMB Group securities approval from the Control Room of the Bank (Corporate
and is intended to mitigate the use of insider information Affairs) no later than 2 (two) working days before the
for the personal interests of employees and management planned transactions and from the CIMB Group Control
(insiders). Room by filling out the employee transaction request
form and reporting back to the Bank Control Room no
This Conflict Management Policy is intended to reaffirm later than 2 (two) working days following the transaction.
the prohibition on the use of Insider Trading information
in private securities transactions by employees and
management, specifically members of the Bank’s Board
of Commissioners and Board of Directors. This policy
also governs the existence of a Blackout Period, where
all employees and management are not permitted
to execute transaction activities in the form of Bank
Securities during certain periods.
Shares and Bonds Buyback of CIMB Niaga
In 2023, CIMB Niaga did not CIMB Niaga did not conduct any buyback of shares or bonds previously issued by the Bank
and listed at the stock exchange. Additional information explain in the Management Analysis and Discussion Chapter,
the Material Information and Facts section for Events that occurred after the Accountant’s Report Date.
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Customer Protection Policy
For CIMB Niaga, the customer is #YangUtama, which Clicks, and BizChannel. This digital banking service
cannot be separated from the Bank’s policies. As a enables customers to conduct banking transactions
result, CIMB Niaga is constantly striving to meet banking securely at any time and from any location, whether they
needs, provide a variety of innovative financial solutions, are individuals or businesses. CIMB Niaga carried this out
and protect customer interests under the 2023 theme to address the needs of the customer #YangUtama.
“Aspiration becomes Inspiration.” In order to provide the
best customer experience for customers, CIMB Niaga In 2023, CIMB Niaga plans to resolve 99% of customer
implements the EPICC (Enabling Talent, Passion, Integrity complaints on time. CIMB Niaga also achieved a number of
and Accountability, Collaboration, and Customer notable milestones and performed admirably during the
Centricity) work culture, which serves as a role model for fiscal year 2023. The Bank uses Net Promoter Score (NPS)
all employees in all activities. measurements as the primary metric for representing
the voice of customers; CIMB Niaga’s achievement in
CIMB Niaga is guided by POJK No. 6/POJK.07/2022 this survey in 2023 is 52%. This can be achieved through
concerning Consumer and Public Protection in the continuous process and service improvements with the
Financial Services Sector, POJK No. 18/POJK.07/2018 goal of providing a positive customer experience for
concerning Consumer Complaint Services in the Financial #YangUtama customers.
Services Sector, and SEOJK No. 17/SEOJK.07/2018
concerning Guidelines for Implementing Consumer
Complaint Services in the Financial Services Sector. Customer Centricity is one EPICC cultural value that
employees applies to all activities, aiming to provide
Every customer’s voice is an aspiration for CIMB Niaga. a positive customer experience throughout their
The Bank responds to customer complaints about journey. CIMB Niaga’s efforts to build a customer-centric
banking and financial products and services through culture begin with customer experience training for all
the Customer Care Unit (CCU) in accordance with the employees, communication to raise awareness of the
Service Level Agreement (SLA). CIMB Niaga also conducts importance of having a customer-first mindset, and a
continuous evaluation and innovation to better and series of appreciation programs for employees who
faster resolve customer complaints. This effort is also a consistently demonstrate a customer-centric attitude.
reflection of CIMB Niaga’s commitment to providing the CIMB Niaga also actively participates in the Banking
best experience for the customers #YangUtama. Mediation Working Group, in collaboration with Bank
Indonesia, Otoritas Jasa Keuangan, and other banks on
CIMB Niaga offers customers a unique banking various customer education programs, including banking
experience via Digital Services OCTO Mobile, OCTO seminars and other activities.
NET PROMOTER SCORE (NPS) RESULTS
Year NPS Score
2023 50%
2022 50%
NUMBER OF COMPLAINTS AND RESOLUTION PERCENTAGE
Year Number of Complaint Complaint Resolved Resolution Percentage
2023 53,201 52,488 99%
2022 50,277 49,756 99%
COMPLAINT TYPE, NUMBER AND RESOLUTION
2023 2022
Complaint Type Number of Complaint Number of Complaint
Complaint Resolved Complaint Resolved
Financial 39,301 38,655 33,053 32,662
Non-Financial 13,900 13,833 17,224 17,094
- Service Quality 1,150 1,150 1227 1223
- Others 12,750 12,683 15,997 15,871
Total 53,201 52,488 50,277 49,756
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COMPLAINT HANDLING IN 2023
CIMB Niaga publishes the handling of complaints received by the Bank at least once a year in the Annual Report and on
the Bank’s website in accordance with SEOJK No. 17/SEOJK.07/2018 concerning Guidelines for Implementing Consumer
Complaint Services in the Financial Services Sector. Information on complaint handling based on the type of financial
transaction in 2023 is as follows:
Resolved In Process Unresolved Number of
Type of Financial Transaction
Total % Total % Total % Complaint
Bancassurance - 0.00% - 0.00% - 0.00% -
Deposit 8 100.00% - 0.00% - 0.00% 8
Direct Debit 93 100.00% - 0.00% - 0.00% 93
Electronic Banking 29,119 99.95% 15 0.05% - 0.00% 29,134
ATM Card/Debit/ATM Machine 12,924 99.59% 53 0.41% - 0.00% 12,977
Credit Card 7,825 93.10% 580 6.90% - 0.00% 8,405
Clearing (Transfer)/Remittance - 0.00% - 0.00% - 0.00% -
Non-Collateral Loan 137 99.28% 1 0.72% - 0.00% 138
Vehicle Loan/Financing 1 100.00% - 0.00% - 0.00% 1
Home/Apartment Ownership Loan/ 38 97.44% 1 2.56% - 0.00% 39
Financing
Other Fund Raising 1,148 100.00% - 0.00% - 0.00% 1,148
Other Fund Distribution 2 100.00% - 0.00% - 0.00% 2
Saving 942 93.73% 63 6.27% - 0.00% 1,005
Wealth Management 251 100.00% - 0.00% - 0.00% 251
Total 52,488 98.66% 713 1.34% - 0.00% 53,201
Internal fraud
ANTI-FRAUD POLICY Report as part of the Bank’s efforts to foster a compliance
CIMB Niaga implements an anti-fraud framework as culture and raise awareness of potential risks, thereby
part of its internal control system to foster a compliance preventing fraud violations and the consequences for
culture and raise risk awareness of the potential and perpetrators if such violations are discovered.
consequences of fraud at all levels of the organization.
CIMB Niaga’s Anti-Fraud Policy is prepared based on POJK CIMB Niaga management is committed to dealing with all
No. 39/POJK.03/2019 concerning the Implementation of types of violations/fraud in a firm and consistent manner,
Anti-Fraud Strategies for Commercial Banks, where the including pursuing criminal charges against those who
scope of implementation, apart from referring to POJK commit them. This is consistent with one of the key
No. 39/POJK.03/2019 concerning the Implementation of pillars of implementing the Anti-Fraud Policy, Tone from
Anti-Fraud Strategies for Commercial Banks, also adopts the Top, which eventually leads to Bank CIMB Niaga’s
best practices from the Association of Certified Fraud firm stance and commitment to reject all types of fraud,
Examiners (ACFE), especially regarding types of fraud also known as Zero Tolerance to Fraud.
(Fraud Tree), where acts of bribery and corruption are
considered acts of fraud. The TPTIK (Employee Disciplinary Action Determination
Team) is in charge of imposing sanctions on fraud
The Anti-Fraud Policy of CIMB Niaga governs the perpetrators, including related employees who
framework, governance, and implementation of commit violations that allow fraud to occur, in order to
strategies to control and address potential internal fraud, ensure that Zero Tolerance to Fraud is implemented
which are implemented in the form of a control system. transparently, fairly, and professionally. CIMB Niaga
In greater detail, CIMB Niaga’s Anti-Fraud Policy is consistently communicates Tone from the Top regarding
outlined in the Risk Management Chapter of this Annual Zero Tolerance to Fraud to all levels of the organization
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through the Board of Directors’ active participation in 1. Anti-Fraud Awareness for Employees
the socialization program for implementing anti-fraud • Mandatory Anti-Fraud Awareness training for
awareness and a speak up culture through mandatory employees in the Emerging Business Banking
training, sharing sessions, and other anti-fraud (EBB), Consumer Collection & Recovery (CCNR),
campaigns. and Network and Digital Banking (NDB) work
units.
CIMB NIAGA’S MITIGATION ACTIONS • Sharing sessions and training held in collaboration
AGAINST FRAUD between AFM, ORM, BU and HR as follows:
o Sharing anti-fraud awareness refreshment
ACTIVE MANAGEMENT SUPERVISION OF FRAUD sessions for branch frontliners (RM, CS, and
CIMB Niaga management actively supervises the Teller) spread across areas in collaboration
implementation of the Anti-Fraud Policy. Management’s with BU, RCU, and ORM.
supervision includes the implementation of an anti-fraud o Other training provided by HR Learning, both
socialization program. virtual and in-person, includes anti-fraud
training for CS, Teller, Development Program,
Bank management has also signed an Integrity Pact, and The Complete Bankers.
which has been implemented at all levels of the bank’s • As part of cyber risk mitigation, the Bank has
organization, including the Board of Directors, Board of disseminated information security awareness
Commissioners, Sharia Supervisory Board, and all CIMB to all employees through various programs,
Niaga employees without exception. This signing also including training or sharing sessions, email
serves to fulfill POJK No. 39/POJK.03/2019, concerning the blasts, and phishing test emails, which were
Implementation of Anti-Fraud Strategies for Commercial sent to all employees to ensure that employees
Banks. The integrity pact consists of a commitment to understood phishing emails. In the event that
always uphold integrity and oppose all acts of fraud, employees successfully click on the phishing test
bribery, and corruption, as well as violations of CIMB link, then the employee concerned must take part
Niaga’s Code of Ethics and Code of Conducts. in the LOG program to relearn the basic cyber
security module. Additionally, all employees are
In order to implement good governance, CIMB Niaga required to complete an E-learning module on
routinely sends letters of confirmation to business “Against Cyber Crime” through LOG.
partners regarding the implementation of anti-fraud, • Anti-fraud socialization programs, including
bribery, and corruption measures, the Bank’s commitment SPEAK UP culture and whistleblowing, through
to an integrity culture, and the mechanism for reporting internal communication facilities and media as
violations via whistleblower media. The Bank sends an follows:
Anti-Gratification Letter to all Bank business partners on o Anti-fraud campaign program with the EPICC
a regular basis, such as before Eid Al-Fitr or at the end of Anti-Fraud theme by carrying out activities
the year, in the form of a Notification/Advice regarding for a period of 1 (one) week from 13 October
the Prohibition of Gratification. This is done in order to to 20 October 2023, including a podcast with
prevent all forms of risk of fraud, bribery, and corruption, resource persons from the Director of Risk
as well as to provide confidence and maintain business Management and the Director of Compliance,
partners’ trust in the Bank. Corporate Affairs & Legal who convey
messages related to the implementation of
ANTI-FRAUD SOCIALIZATION PROGRAM culture control and speak up, an anti-fraud
CIMB Niaga continuously implements mitigation socialization campaign through email blast
measures to ensure that employees do not commit media (HR Info and News Gallery), desktop
fraud. This is accomplished through continuous outreach wallpaper for all employees, anti-fraud quiz,
to all Bank personnel via a variety of methods and internal social media, EPICC stories which are
media, including face-to-face, virtual, and e-Learning, stories from employees who dare to speak up
as well as other internal communication media such as when seeing/knowing about fraud violations
e-mail blasts, internal bulletins, desktop wallpapers, and that occur, anti-fraud chant competitions and
posters. holding sharing sessions at branches.
o Learning module via E-Learning Media (LoG)
In 2023, CIMB Niaga organized educational programs with the theme Responsible Whistleblower,
and socialized anti-fraud campaigns for both internal which must be completed by all employees
employees and customers, including: o Socialization through internal media (HR Info,
Galeri News, Posters, Social Media, Podcast,
LOG, TV Announcements, and Digital TV).
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o Awareness programs are carried out regularly • Do not provide confidential data to other
by the Business Unit, where material related unauthorized parties, including Bank employees,
to anti-fraud and speak-up is part of what is such as Savings Book, ATM Card & PIN, passcode/
delivered on an ongoing basis OTP and CVV.
o Email blast initiated by the Business Unit (BU) • Check account statements sent by the Bank and
with material presented in accordance with report any suspicious/inappropriate transactions.
fraud cases that occurred at the BU • Do not hand over cash for transactions outside
the teller counter, including to Bank employees.
In 2023, there were 6,942 employees who participated • Maintain the confidentiality of transaction data
in Anti-Fraud Awareness and Cyber Security and be alert to fake call centers.
Awareness training, both face-to-face and online. • Do not entrust pre-signed blank forms to any
party, including Bank employees.
6,958 6,942
• Cybercrimes include social engineering, email
phishing, and smishing.
3,554 CIMB Niaga carries out educational programs regarding
3,242
2,892 anti-fraud awareness in order to ensure that customers
are always on alert when carrying out transactions and
avoid potential fraud violations committed by employees.
2019 2020 2021 2022 2023 DATA ON FRAUDS AND INTERNAL FRAUD
2. Customer Anti-Fraud Awareness is carried out through SANCTIONS
various communication channels, namely social Information regarding data on violations with a nominal
media (Facebook, Twitter, Instagram), WhatsApp/SMS, value greater than Rp100,000,000 (One Hundred Million
ATM Screen/CDM/CRM/OCTO Mobile/Clicks screens, Rupiah) committed by Management, as well as permanent
electronic mail, account/combined/billing statement, and non-permanent employees, as regulated in POJK No.
IVR Call Center, and Website. The messages conveyed 39/POJK.03/2019 concerning the Implementation of Anti-
to customers included an appeal to: Fraud Strategy, as follows:
Number of Cases Committed by
Board of Commissioner and Permanent Employees Non-Permanent Employees
Description
Board of Directors
2023 2022 2023 2022 2023 2022
Resolved - - 7 3 - -
In the process of internal resolution - - - 2 - -
Unresolved - - - - - -
Followed-up by legal proceeding - - 1 - - -
Total Fraud - - 8 5 - -
In 2023, CIMB Niaga imposed firm action in the form of sanctions on 76 (seventy-six) employees, including termination
of employment (PHK) for 47 (forty-seven) employees and letters of warning/reprimand (SP/ST) for 29 (twenty-nine)
employees, with the following details:
Reprimand First Warning Second Third Termination
Letter Letter Warning Warning of
Letter Letter Employment
14 12 - 3 47
Bank CIMB Niaga believes that fraud must be avoided through active management supervision, a strong compliance
culture at all levels of the organization, and various socialization/training programs for both employees and customers.
As a result, the Bank continues to work to implement various mitigation measures by empowering other tools found in
all directorates/sections and implementing them in accordance with their respective functions.
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Whistleblowing System
In order to foster transparency, fairness, and compliance, CIMB Niaga has implemented the Whistleblowing System
(WBS). CIMB Niaga WBS is implemented in compliance with Bank Indonesia (BI) regulations, specifically SEBI No. 13/28/
DPNP regarding the Implementation of Anti-Fraud Strategies for Commercial Banks, which has been updated with POJK
No. 39/POJK.03/2019 regarding the Implementation of Anti-Fraud Strategies for Commercial Banks.
Since 4 December 2017, CIMB Niaga has engaged into a contract agreement with PT Deloitte Advis Indonesia to manage
the whistleblowing reports in a professional and independent manner. It is expected that using an external provider will
increase trust to both internal and external parties to submit reports as well as demonstrating the Bank’s commitment
to implementing good and professional governance principles.
CIMB NIAGA - DELOITTE WHISTLEBLOWING SYSTEM MECHANISM
INDEPENDENT & PROFESSIONAL
WHISTLEBLOWER THIRD PARTY CIMB NIAGA
1. Type of Violations 1. Receive the report from the 1. Receives the report from Deloitte
a. Indications of Fraud Whistleblower 2. Validate the report
b. Anti Money Laundering 2. Confirm with the whistleblower 3. All communication with the
c. Human Resources whether to disclose or undisclose the whistleblower is carried out through
2. Attach evidence (if any) identity to CIMB Niaga DELOITTE, unless the whistleblower
3. The whistleblower has the right to 3. Send the report to CIMB Niaga chooses to disclose the identity
disclose or undisclose the identity to WITHOUT the identity of the 4. Perform further check or investigation
CIMB Niaga whistleblower, UNLESS the 5. Provide investigation result (proven
whistleblower chooses to disclose the or not proven) to the whistleblower
identity through Deloitte
4. Manage communication between
CIMB Niaga and the whistleblower in
the event of undisclosed identity
WHISTLEBLOWING CHANNEL CIMB Niaga promotes freedom to the whistleblower
Communication channels managed by PT Deloitte for not providing any evidence of the allegation report.
Advis Indonesia: However CIMB Niaga continues to recommend that all
1. Website : https://idn.deloitte-halo.com/ayolapor/ whistleblowers have a compelling reason to submit the
2. e-Mail : ayolapor@tipoffs.info report of violation with good intention. Any evidence in
3. Phone : 14031 the form of data, information, or document related to the
4. SMS & WA : +62 822 1135 6363 indication of violation could be attached in the submitted
5. Facsimile : +62 21 2856 5231 report.
6. Mail : Ayo Lapor PO BOX 3331 JKP 10033
HANDLING OF WHISTLEBLOWING REPORT
WHISTLEBLOWER PROTECTION The type of allegation that can be reported to WBS are
CIMB Niaga strongly commits to protect and keep the report regarding fraud, money laundering, code of ethic/
secrecy of the whistleblower in accordance with the HR.
Bank’s internal policies. The whistleblower’s full name,
identity, email address, and phone number can only be Every whistleblowing report received will be reviewed
shared under the whistleblowers’ consent. and analyzed by the Whistleblowing Officer in accordance
with the basic principles of whistleblowing management.
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If the information in the submitted report is deemed not operations to ensure all reports are well and properly
valid then the report will be classified as pre-closed. But handled.
if the report is deemed sufficient and valid to be further 3. The Whistleblowing Coordinator Unit comprises of
investigated, it will be passed on to the investigator team. D-1 officials in charge of anti-fraud management
If the report provided is not relevant or out of the scope (AFM), anti-money laundering (AML), and human
of WBS, the Whisletblowing Officer will route the report resources (HR), in accordance with the scope/type of
to the related party to be followed up. reports managed by the WBS.
The Whistleblowing Coordinator Unit has the
In the event that additional information regarding the authority to decide and approve whether the report
submitted report is required and the whistleblower is not valid and pre-closed, to be further investigated,
discloses the identity, phone number/email address, close or re-open the report if additional information
then CIMB Niaga Whistleblowing Officer would contact is discovered. With this structure, CIMB Niaga WB
the whistleblower directly. But if the whistleblower does Coordinator also functions as AFM’s WB Coordinator.
not provide any identity, phone number/email address 4. CIMB Niaga Whistleblowing (WB) Officer is a staff
then enquiry of additional information would be done of Anti-Fraud Management unit appointed to
through PT Deloitte Advis Indonesia. support CIMB Niaga WB Coordinator by monitoring
the handling of all incoming reports, establish
Whistleblowers who provide their contact number/email whistleblowing regular reporting, and managing
address would be notified of the status of their reports communication with compiling and submitting
whether the report is invalid and pre-closed, under whistleblower reports, and maintaining cooperation
investigation, or have been investigated and proven or and communication with dengan PT Deloitte Advis
unproven. Indonesia including managing WBS system access/
user ID (Deloitte Halo).
The Whistleblowing Officer is responsible for 5. The Whistleblowing Officer is a staff of AFM, AML, or
administering all incoming violation reports. HR units who is appointed to manage whistleblowing
reports the respective report type/category.
PARTIES IN CHARGE OF WHISTLEBLOWING The Whistleblowing Officer’s primary duties and
The parties appointed to manage WBS CIMB Niaga are: responsibilities include conducting report analysis
1. The director in charge of Compliance is the person and escalate it to the Whistleblowing Coordinator
responsible for WBS CIMB Niaga with the primary Unit to obtain actions to be taken as well as ensuring
duties and responsibilities of supervising the overall the administration of data status updates.
implementation and handling of whistleblowing With this structure, the CIMB Niaga Whistleblowing
reports to ensure compliance with procedures and Officer also functions as the AFM WB Officer.
regulations. 6. The Chief Audit Executive (CAE) performs an
2. CIMB Niaga Whistleblowing Coordinator is the independent oversight over of the management and
person heading the Anti-Fraud Management unit operations of WBS CIMB Niaga.
with primary responsibility of managing the WBS
AUTHORITY FOR HANDLING OF WHISTLEBLOWING REPORTS OVER CIMB NIAGA EMPLOYEE
In the event that CIMB Niaga’s employee/management is reported through WBS the report handling is regulated as
follows:
No. Reported Parties Report Routed To
1 CIMB Niaga Employees WB Officer
2 WB Officer CIMB Niaga Coordinator & WB Coordinator Unit
3 WB Coordinator Unit CIMB Niaga WB Coordinator & CCAL Director
4 CIMB Niaga WB Coordinator CCAL Director
5 Member of the Board of Directors President Director
6 President Director President Commissioner
7 Member of the Board of Commissioners President Commissioner
8 President Commissioner Board of Commissioners
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REPORTING TO MANAGEMENT ON REPORT SOCIALIZATION OF IMPLEMENTATION OF
HANDLING THE WHISTLEBLOWING SYSTEM
CIMB Niaga’s Whistleblowing Coordinator/Officer CIMB Niaga continuously conducts socialization on
provides a monthly update on status of all incoming Whistleblowing System. Internally, the socialization is
reports to the Director in charge of Compliance and carried out through various media such as training,
copied to the Director in charge of Risk Management, sharing session, desktop wallpaper, paper and LED
the Director in charge of Human Resources, the Chief poster, and LOG (Learning on The Go). Externally, the
Audit Executive, and all members of the Whistleblowing socialization is carried out through CIMB Niaga website
Coordinator Unit. As the implementation of supervision and social media (Instagram).
by Board of Commissioner, on a quarterly basis the
report on whistleblowing is presented to the Board of Furthermore, specifically for CIMB Niaga business
Commissioners through the Audit Committee partners, socialization is stated in the Cooperation
Agreement and anti-gratification letters that are sent to
ROLE OF THE BOARD OF DIRECTORS AND THE partners on a regular basis whereby they are asked to
BOARD OF COMMISSIONERS report to the Bank any indications of fraud, corruption,
The Board of Directors and Board of Commissioners take bribery, violations of ethics, policies, and all other forms
an active role for the implementation and oversight of of violations done by Board of Commissioners, Board of
WBS CIMB Niaga in the form of: Directors, and employees of CIMB Niaga.
1. The Board of Directors reviews and approves the
Whistleblowing Policy. NUMBER OF WHISTLEBLOWING REPORTS IN
2. The Board of Directors receives and reviews 2023 AND 2022
the whistleblowing reports on a monthly and The number of whistleblowing received through
quarterly basis regarding the number of incoming whistleblowing system in 2023 was 263 reports whereby
whistleblowing reports along with their status, as well 176 reports valid to be investigated, 85 reports not
as provide directions on actions to be taken. valid/pre-closed and 5 reports were waiting for
3. The Board of Commissioners receives and reviews further data/information. 146 out of 176 reports or
reports presented through the Audit Committee on 83% have been fully investigated with the result 135
a quarterly basis and provides direction on actions to reports were valid, 11 reports not valid. The remaining 30
be taken. reports were still under investigation.
Total
Status of Whistleblowing (WB) reports
2023 2022
WB Reports not proceed to investigation (Pre-CLOSED) 82 88
WB Reports that have been investigated (CLOSED) 146 52
a. PROVEN WB report 135 43
b. UNPROVEN WB report 11 9
WB Reports in progress (OPEN) 35 24
a. Under investigation process 30 7
b. Awaiting for supporting data/information 5 17
Total Incoming Reports 263 164
Percentage of WB reports that have been completely investigated of the total reports that are valid 83% 88%
for investigation (as of the end of December)
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THEMATIC ISSUES ON 2023 WHISTLEBLOWING REPORTS
Thematic issues reported during the year of 2023 are as follows:
FRAUD MONEY LAUNDERING HUMAN RESOURCES
• Blackmail • Misuse of CIMB Niaga accounts by • Complaints regarding the attitudes
• Mis-selling the accountholders for fraudulent and actions of unit leaders/colleagues
• Fictitious promise to pay (PTP) by transactions via ecommerce/ • Sharing passwords
Dunning Collection Staff marketplace/website/social media, • Complaints regarding overtime
• Forgery of customer signatures
• Sales Performance Target (SPT) fictitious investments, fictitious job payments
Manipulation offers • Complaints regarding incentive
• Online fraud via OVO, DANA & BRIVA payments
virtual accounts • Complaints regarding sanctions
• Misuse of office facilities
FOLLOW UP ON VIOLATIONS
CIMB Niaga strongly commits to follow up every whistleblowing report and imposes sanctions to the reported staff
based on investigation result. In 2023 there were 9 employees were proven to have committed violation and been
sanction as shown in the below table:
TOTAL
Reprimand First Warning Second Third Termination
Letter Letter Warning Warning of
Letter Letter Employment
2023 2 2 - 1 4 9
2022 - - - 1 3 4
Implementation of the ASEAN
Corporate Governance Scorecard
CIMB Niaga’s implementation of Corporate Governance, which refers to the ASEAN Corporate Governance Scorecard, is
presented in more detail on the CIMB Niaga website https://investor.cimbniaga.co.id/gcg/asean_cg.html
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Indonesian General Guidelines
for Corporate Governance (PUGKI)
The National Committee on Governance Policy (KNKG) has issued the 2021 Indonesian General Guidelines for Corporate
Governance (PUGKI) as the global standard guidelines for corporate governance practices, which are recommended
particularly for corporations listed on the capital market and managing public funds. The application of good corporate
governance principles has an important role in increasing the confidence of investors and stakeholders, reducing
the cost of capital, strengthening the capital market and the financial services sector, expanding employment and
encouraging economic growth, which is in line with the principles of sustainable development.
CIMB Niaga applies the principles and recommendations of the 2021 PUGKI based on the “apply or explain” approach
with the following details of implementation at the Bank:
Principle Recommendations Implementation at CIMB Niaga
Principle 1: 1.1 Roles and 1.1.1 To achieve sustainable value creation, the Board of Apply
Roles and Responsibilities Directors carries out its leadership role and seeks to
Responsibilities of the Board of achieve the following governance outcomes: The Board of Directors realizes high standards of business ethics
of the Board Directors a. to be competitive and focused on long-term and ensures the implementation of a code of ethics that creates
of Directors performance; a corporate culture with integrity. One of the measures is by
and Board of b. to be ethical and responsible in conducting business; implementing a new work culture, namely EPICC (Enabling Talent,
Commisisoners c. to have positive contributions to the community and Passion, Integrity & Accountability, Collaboration, Customer
the environment; as well as Centricity).
d. to be able to survive and grow (corporate resilience)
1.1.2 The Board of Directors must ensure that the corporate The Board of Directors has made the optimization of the latest
mission, vision, goals, objectives, strategies, as well information technology implementation as one of the strategic
as annual and mid-term plans are consistent with pillars in achieving both short and long-term business targets.
long-term goals, by effectively utilizing innovation and
technology. The Bank’s risk management system and internal control are
1.1.3 The Board of Directors ensures that the corporation always aligned with the corporate vision, mission, goals, objectives,
implements an appropriate and effective risk and strategies, as well as complying with applicable laws and
management and internal control system that is aligned regulations and standards.
with the corporate vision, mission, goals, objectives and
strategies, as well as complying with applicable laws and The Board of Directors ensures that everyone involved in the
regulations and standards. preparation and disclosure of corporate information has adequate
1.1.4 The Board of Directors ensures that the integrity of the skills and background to carry out their work. Profile of the Strategy,
corporate accounting and financial reporting system Finance and SPAPM Director as well as senior management from
and the timely and accurate disclosure of all material work units responsible for financial reporting are presented in this
information about the corporation. Annual Report. The Board of Directors is also responsible for and
1.1.5 The Board of Directors ensures that sustainability publishes the Quarterly Financial Reports on the Bank’s website
reporting has been prepared properly. and mass media in accordance with applicable regulations.
1.1.6 The Board of Directors builds a framework for corporate
information technology (IT) governance that is aligned The Board of Directors and management have ensured that the
with corporate business needs and priorities, drives Sustainability Report is prepared based on a reporting framework
business opportunities and performance, strengthens that is appropriate to the size and complexity of the corporation
risk management, as well as supports corporate goals and meets national and/or global standards.
and strategies.
1.1.7 For corporations conducting business activities based The Bank’s IT governance strategy and framework are explained
on Sharia principles, the Board of Directors needs in detail in this Annual Report. The Board of Directors ensures that
to ensure the authority and availability of adequate the Bank has adequate and optimal IT resource allocation policies
supporting tools, allowing the Sharia Supervisory Board to support the Bank’s goals and strategies.
to carry out its role effectively.
1.1.8 The Board of Directors’ Charter is periodically reviewed. The Board of Directors ensures that the Sharia Business Unit has
The Charter includes, among others, the delegation adequate and effective supporting tools.
of roles for the Directors individually, which can be
regulated in the Board of Directors’ Charter or by a The Board of Directors’ Charter is reviewed periodically. The most
decision letter of the Board of Directors. recent Charter was updated on 6 June 2023 and uploaded to the
1.1.9 The Board of Directors has a policy regarding the Bank’s website.
resignation of members of the Board of Directors if they
are involved in a financial crime and are proven to have Board of Directors’ Charter and Bank Nomination Policy No. M.04,
made a mistake. contains a policy on the resignation of members of the Board of
Directors if they are involved in a financial crime and are proven to
have made a mistake.
1.2 Performance 1.2.1 The Board of Commissioners conducts an annual Apply
Assessment formal evaluation in an objective and independent
– Board of manner to determine the effectiveness of the Board of The Bank has a policy to assess the performance of the Board of
Directors and Directors and each individual Director. Directors, consisting of collegial assessment on the performance
its Members 1.2.2 The Board of Commissioners, with due observance of the Board of Directors, conducted at least 1 (one) time a year
of the Nomination and Remuneration Committee, is and assessment on the individual performance of the Board of
responsible for determining performance assessment Directors, including the President Director, conducted at least 2
criteria and assessing the performance of the President (two) times a year.
Director and other members of the Board of Directors.
The assessment results are discussed by the Nomination and
Remuneration Committee to obtain input and recommendations
before seeking approval from the Board of Commissioners.
A more detailed explanation is provided in the discussion on the
Performance Assessment of the Board of Commissioners and
Board of Directors in this Annual Report.
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1.3 Roles and 1.3.1 The Board of Commissioners reviews the corporate Apply
Responsibilities strategy at least annually and approves the corporate
of the Board of mission, vision and strategy formulated by the Board The Board of Commissioners together with the Board of Directors
Commissioners of Directors. The Board of Commissioners also reviews, annually conducts studies and reviews on the suitability of the
provides advice, and approves long-term business and company’s vision and mission with the strategy, current condition
financial plans and the company’s short-term financial of the company, and business challenges that will be faced in the
plans. The Board of Commissioners provides advice and future. The Board of Commissioners also reviews, provides advice,
monitors the Board of Directors on the management of and approves business plans and long-term financial plans and
its implementation. The Board of Directors and Board short-term financial plans of the corporation and oversees the
of Commissioners are involved in decisions that are management of their implementation by the Board of Directors
very important for the corporation, as regulated in the as presented in the discussion of the Bank’s Vision and Mission
articles of association of the company. and Joint Meeting of the Board of Commissioners and Board of
1.3.2 The types of decisions that require the approval of Directors in this Annual Report.
the Board of Commissioners must be disclosed in the
annual report. Decisions taken by the Board of Commissioners have been
1.3.3 Taking into account the recommendation of the presented in the discussion of the Board of Commissioners in this
Nomination and Remuneration Committee, the Board Annual Report.
of Commissioners proposes to, and to be resolved by,
the GMS the appointment and/or dismissal of members As stipulated in the Bank’s Nomination Policy No. M.04 and Bank
of the Board of Directors and members of the Board Diversity Policy No. M.07, the Board of Commissioners plays
of Commissioners. In proposing the above, the Board an active role in the process of appointing and/or dismissing
of Commissioners takes into account the diversity, members of the Board of Directors and members of the Board
non-discriminatory elements, as well as provides equal of Commissioners, taking into account the recommendations
opportunities regardless of ethnicity, religion, race, class of the Nomination & Remuneration Committee and diversity by
and gender. The Board of Commissioners ensures providing equal opportunities regardless of ethnicity, religion,
a formal and transparent selection and nomination race, class and gender and carried out in a formal and transparent
process for members of the Board of Directors and manner.
members of the Board of Commissioners.
1.3.4 The Board of Commissioners or Committees conducting In order to prepare for leadership regeneration, the Bank has
the nomination function formulate a succession policy established and implements a succession policy for the Board
in the process of nominating members of the Board of Directors and/or Senior Management, which is part of the
of Directors. Every year, the Board of Commissioners Nomination and Remuneration Committee Charter and the Bank’s
reviews the report on the implementation of the Nomination Policy No.M.04 as stated in the Annual Report.
development and succession plans submitted by the
President Director. The Nomination and Remuneration Committee discusses the
1.3.5 The Board of Commissioners a). submit to the GMS, remuneration for the Board of Commissioners and Board of
which may be preceded by recommendation from Directors by taking into account information on the range and
Committees conducting the remuneration function, standard of remuneration with similar industries (peer groups)
the amount of remuneration for members of the in the market and the capabilities of the Bank; The Nomination
Board of Directors and members of the Board of and Remuneration Committee provides recommendations for
Commissioners, in line with sustainable corporate further discussion at the Board of Commissioners Meeting; The
development and the long-term interests of the Board of Commissioners studies the recommendations from
corporation and shareholders; b). periodically reviewing the Nomination and Remuneration Committee and proposes
the remuneration system for the Board of Directors and the remuneration to the GMS; and the GMS determines the
Board of Commissioners. remuneration for the Board of Commissioners, to then be
1.3.6 The Board of Commissioners oversees the implemented according to the resolution by the Board of Directors.
effectiveness of corporate governance policies and
the implementation, as well as proposing changes if The Board of Commissioners, either directly or through committees,
necessary. always supervises and directs the policies and effectiveness of the
1.3.7 The Board of Commissioners monitors and directs the implementation of governance, risk management and internal
company to implement the appropriate and effective control systems carried out by management, and provides input
risk management and internal control systems that and improvements if necessary. The Board of Commissioners
are aligned with the corporate goals, objectives always ensures the integrity of the accounting and financial
and strategies as well as complying with laws and reporting systems as well as the independence of the internal
regulations, codes of conduct, and applicable standards. and external audit functions, which are reflected through the
1.3.8 The Board of Commissioners supervises and directs discussions on the Audit Committee and the Internal Audit Unit in
the integrity of the corporate accounting and financial this Annual Report.
reporting system, as well as the independence of the
internal and external audit functions. The preparation of the Annual Report and Sustainability Report is
1.3.9 The Board of Commissioners monitors, reviews, and reviewed and approved by the Board of Commissioners.
approves the annual report and sustainability report
of the company, and ensures their integrity, as well as The Board of Commissioners’ Charter is periodically reviewed. The
oversees the company’s disclosure and communication most recent Charter was updated on 20 Juni 2023 and uploaded
process. to the Bank’s.
1.3.10 The charter of the Board of Commissioners is
periodically reviewed. The Board of Commissioners’ Charter and Bank Nomination
1.3.11 The Board of Commissioners has a policy regarding the Policy No. M.04 has regulated that members of the Board of
resignation of members of the Board of Commissioners Commissioners who are involved in financial crimes and/or other
if they are involved in financial crimes and are proven to criminal acts must resign from their positions.
have made a mistake.
1.3.12 Independent commissioners are highly expected to All Independent Commissioners of the Bank have a credible track
be able to contribute to honest, objective, active, and record and can contribute to the progress of the Bank. This is
constructive discussions at meetings of the Board of indicated by the percentage of attendance at the meetings of the
Commissioners. Board of Commissioners and Committees, which is on average
1.3.13 The President Commissioner acts as the coordinator 100% and the performance assessment results for both the
of the Board of Commissioners and ensures its Board of Commissioners and Committees are satisfactory and
effectiveness. The President Commissioner promotes exceptional.
a culture of transparency and constructive dialogue
that allows a variety of views to be expressed, including The Bank’s President Commissioner has duties and responsibilities,
coordinating the setting of appropriate board meeting including coordinating the implementation of the duties and
agendas and ensuring sufficient time is available to responsibilities of the Board of Commissioners, as well as providing
discuss all agenda items. In addition, there should recommendations for holding Meetings including the Meeting
also be opportunities for the Board of Commissioners Agenda. In addition, joint meetings of the Board of Commissioners
to meet with the Board of Directors and senior and Board of Directors are held regularly.
management.
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1.4 Establishment 1.4.1 The Corporation has committees under the Board Apply
of Committees of Commissioners, consisting of at least: the Audit
Committee, Nomination and Remuneration Committee, Committees under the Board of Commissioners consist of the
and Risk Management Monitoring Committee. Audit Committee, the Risk Oversight Committee, the Nomination
1.4.2 The Board of Commissioners ensures that all members and Remuneration Committee, and the Integrated Governance
of the Audit Committee are independent and the Committee.
majority of other committees established by the Board
of Commissioners are independent parties, and all All members of the Bank’s Audit Committee are Independent
members of the committee are competent, committed, Commissioners and Independent Parties, and the Chairman
and have sufficient authority to perform their roles in an of the Audit Committee is held by one of the Independent
effective and independent manner. Commissioners, namely Mr. Jeffrey Kairupan, who is not the
1.4.3 To ensure the monitoring on the implementation President Commissioner.
of duties of the Audit Committee is carried out in an
objective and independent manner, the President The composition of other committee members is also the majority
Commissioner is not allowed to be the chairman of which are Independent Commissioners and Independent
of the Audit Committee, except in extraordinary Parties. This is presented in more detail in the discussion of the
circumstances, which must be explained in the annual Audit Committee and other committees, each separately in this
report. Annual Report.
1.5 Performance 1.5.1 The Board of Commissioners conducts an annual Apply
Assessment formal evaluation objectively to determine the
– Board of effectiveness of the Board, its committees, and each The performance assessment of the Board of Commissioners
Commissioners individual Commissioner. is carried out every year (at least once a year). The performance
and its assessment on the Board of Commissioners (including the
Members President Commissioner) uses several criteria as stated in the
Annual Report.
1.6 Conflicts of 1.6.1 Members of the Board of Directors with concurrent Apply
Interest positions outside the corporation must obtain approval
from the Board of Commissioners. A Commissioner There were no members of the Bank’s Board of Directors with
notifies the Board of Commissioners and the chairman concurrent positions outside CIMB Niaga, except for assignments
of the committee carrying out the nomination function, to carry out oversight functions in subsidiaries. The assignment has
prior to accepting a new appointment as Director or been approved by the Board of Commissioners. Commissioners
Commissioner of a public company, other Director who receive appointments from other public companies, must
positions or other positions with a significant time convey this information to the Board of Commissioners and/or the
commitment. Nomination and Remuneration Committee.
1.6.2 The Board of Commissioners monitors and manages
potential conflicts of interest for management, members One of the duties and responsibilities of the Board of
of the Board of Directors, Board of Commissioners and Commissioners is to oversee and manage potential conflicts of
shareholders, including misuse of corporate assets and interest of the Bank.
misuse in related party transactions. Commissioners
with conflicts of interest do not participate in In carrying out their duties and responsibilities, all members of
monitoring and making decisions on potential conflicts the Board of Commissioners are committed to avoiding potential
of interest involving the Commissioners or affiliates of conflicts of interest or always position themselves not to be in the
the Commissioners concerned. potential for conflicts of interest in any situation as stated in the
Board of Commissioners’ Charter.
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 referred to in every decision.
1.7 Competency 1.7.1 The Board of Commissioners ensures that members Apply
Improvement of the Board of Directors and Board of Commissioners
of Members understand their roles and responsibilities, The Board of Commissioners and Board of Directors have
of the Board characteristics and operations of the corporation, participated in training and education with the aim of enhancing
of Directors relevant laws and regulations and other applicable strategic capabilities, adding business knowledge, enhancing
and Board of standards and obligations. The Board of Directors leadership, developing new skills, as well as improving and
Commissioners through the corporate secretary supports all members maintaining the quality of banking services. Details of training and
of the Board of Directors and Board of Commissioners education attended by the Board of Commissioners and Board of
in updating and refreshing the required skills and Directors are presented in the Annual Report.
knowledge to carry out their roles on the Board.
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Principle 2: 2.1 Composition 2.1.1 In determining prospective candidates for Directors, Apply
Composition of the Board the Board of Commissioners through the Nomination
and of Directors and Remuneration Committee does not only rely on As stipulated in the Nomination Policy No.M.04, which regulates
Remuneration and Board of recommendations from the Board of Commissioners, the process of selecting, appointing, dismissing and/or replacing
of the Board Commissioners management or majority shareholders. The Board members of the Board of Commissioners, Board of Directors,
of Directors of Commissioners through the Nomination and and Independent Parties, the Bank may use the services of
and Board of Remuneration Committee can use independent independent and reputable third parties (search firms) in the
Commissioners sources to determine qualified candidates. selection process for candidates of the Board of Commissioners.
2.1.2 The Board of Commissioners ensures that the criteria Third parties (search firms) appointed by the Bank will assist the
for selecting members of the Board of Directors include selection process.
at least the required knowledge, abilities, and expertise
to properly meet the role of the Board of Directors and The Nomination Policy also regulates the minimum criteria
takes into account the fulfillment of the diversity of the that must be possessed by candidates of the Bank’s Board of
Board of Directors. Commissioners and Board of Directors in terms of integrity,
2.1.3 The corporate policy regarding diversity among the competence, reputation, domicile, independence, or other special
Board of Directors and Board of Commissioners is criteria according to the respective field of each Director.
disclosed in the Annual Report.
2.1.4. The Board of Commissioners ensures that the policies The policy on the diversity of the composition of the Board of
and procedures for the selection and nomination of Commissioners and Board of Directors has been regulated in
Commissioners are clear and transparent in order to the Diversity Policy No. M.07 and the achievements have been
produce the desired Board composition. The Board presented in this Annual Report. The composition of the Board of
of Commissioners uses independent sources to Commissioners has met the needs of the Bank.
determine qualified candidates.
2.1.5. The Board of Commissioners/Committee that performs The Bank has regulated the diversity of the composition of
the nomination function establishes nomination members of the Board of Commissioners and Board of Directors
procedures and criteria that are consistent with the as stated in the Diversity Policy on the Composition of Members
Board of Commissioners’ expertise matrix, which of the Board of Commissioners and Board of Directors No. M. 07
has been approved by the Board of Commissioners Version 02.2020).
and ensures that the candidate profile meets the
established requirements in the expertise matrix and The Nomination and Remuneration Committee performs the
nomination criteria. nomination function based on the procedures and nomination
2.1.6. The composition of the Board of Commissioners criteria set out in the Nomination Policy No. M.04 and approved by
must be formed in such a way that its members as a the Board of Commissioners.
group reflect the diversity in terms of abilities, skills,
knowledge, experience, age, cultural background, and The Nomination and Remuneration Committee has also
gender needed to properly fulfill the role of the Board carried out its functions and responsibilities in ensuring that the
of Commissioners. nomination and remuneration process at the Bank runs properly
2.1.7. To enable the Board of Commissioners to provide and transparently in the interests of the Bank. This is illustrated in
independent advice and supervision to the Board of the discussion in this Annual Report.
Directors and for roles with potentials for conflicts of
interest, the Board of Commissioners consists of a The implementation of duties of the Board of Commissioners,
sufficient number of Independent Commissioners, with including the composition, term of office, independence, meeting
a limited term of office and there is disclosure of the attendance and training throughout the year are presented in
term of membership of the Board of Commissioners detail in this Annual Report.
and their independence from a corporate perspective.
2.1.8. To facilitate the effective function of the Board of
Directors and Board of Commissioners and to increase
investor and stakeholder confidence, the Nomination
and Remuneration Committee ensures that there is
a formal, rigorous, and transparent process for the
selection and appointment of members of the Board of
Directors and Board of Commissioners.
2.2 Remuneration 2.2.1. The remuneration policy for members of the Board of Apply
of the Board Directors consists of a remuneration structure that is
of Directors oriented towards sustainable corporate development The Bank has established and implements the Risk-Based
and Board of and encourages the achievement of long-term Remuneration Policy No. A. 06.02. The Bank’s Remuneration Policy
Commissioners goals. The Board of Directors’ remuneration must be is reviewed periodically which has been updated on 15 September
proposed, through the Nomination and Remuneration 2023. The Bank’s remuneration policy is prepared by prioritizing
Committee, by the Board of Commissioners to be a competitive, fair, and balanced remuneration system, based on
resolved by the GMS. The amount of remuneration the applicable laws and regulations.
proposed to the GMS is determined by taking into
account the role of each member of the Board of The Bank prepares the structure, policies and remuneration
Directors and the economic situation as well as amount for each member of the Board of Commissioners by
corporate performance. taking into account the duties, authorities, performance, and
2.2.2. The remuneration policy for members of the Board of responsibilities of the Board of Commissioners. The Bank also
Commissioners consists of a remuneration structure takes into account the remuneration that applies in similar
that is oriented towards sustainable corporate industries (peer group) as well as the Bank’s capabilities.
development and encourages the achievement of long-
term goals. The amount of remuneration proposed by The Nomination and Remuneration Committee discusses the
the Board of Commissioners to the GMS is determined remuneration for the Board of Commissioners by taking into
by taking into account the role of each member account information on the range and standards of remuneration
of the Board of Commissioners and the economic with similar industries (peer groups) in the market and the
situation as well as corporate performance. In addition, capabilities of the Bank. The remuneration for the Board of
consideration should also be given to his/her position Commissioners and Board of Directors is determined by the GMS.
as President Commissioner and chairman as well as
membership in committees.
2.2.3. To ensure that the remuneration package is
determined based on the achievements, qualifications,
and competencies of the Directors and Commissioners
by taking into account the performance of corporate
operations, individual performance, and market
conditions, the Nomination and Remuneration
Committee ensures that there are fair and transparent
procedures for establishing remuneration policies
for members of the Board of Directors and Board of
Commissioners.
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Principle 3: 3.1 Nature of Work 3.1.1 There are open discussions between the Board of Apply
Work Relationship Directors and the Board of Commissioners and between
Relationship members of the Board of Directors and members of the Discussions between the Board of Directors and the Board of
between Board of Commissioners. However, it is still important Commissioners can be carried out through a joint meeting of the
the Board to maintain the confidentiality of information to ensure Board of Commissioners and Board of Directors. Through these
of Directors that confidential information does not leak. meetings, the Board of Commissioners discusses various matters,
and Board of 3.1.2 In accordance with their respective duties and roles, including follow-up reports from the Minutes of Meeting of the
Commissioners the Board of Directors cooperates with the Board of Board of Commissioners; financial performance reports; and
Commissioners in formulating the corporate missions, reports of committees under the Board of Commissioners.
visions and strategies, and regularly discusses the
implementation. Every year, the Bank’s strategy and policies in the short and
3.1.3 The Corporate Secretary has a crucial role in supporting medium term are prepared in the form of a Corporate Plan and
the effectiveness of the working relationship Bank Business Plan (RBB) in accordance with the established
between the Board of Directors and the Board of Vision and Mission. Periodically, the Board of Directors together
Commissioners, encouraging the implementation with the Board of Commissioners along with the Bank’s senior
of good corporate governance practices, including management evaluate the Bank’s strategy and policies and the
effective communication with shareholders and other implementation at all levels of the organization.
stakeholders.
The Bank appointed Fransiska Oei as Corporate Secretary
based on CIMB Niaga’s Board of Directors’ Circular Resolution
No.001/SIR/DIR/IX/2016 dated 21 September 2016. The Bank’s
Corporate Secretary is responsible for maintaining the Bank’s
image and protecting the interests of the Bank by establishing
good communication and relations with all parties, as well as
acting as a liaison between the Bank and Shareholders and other
Stakeholders.
3.2 Access to 3.2.1 The Board of Directors is responsible for ensuring Apply
Information for that the Board of Commissioners has access to
the Board of accurate, relevant, and timely information. The The Board of Commissioners can interact with the Board of
Commissioners Board of Commissioners itself ensures that it obtains Directors both directly and through the Joint Meeting of the Board
sufficient information. The Board of Directors of Commissioners and Board of Directors, which are scheduled
provides information to the Board of Commissioners at the beginning of the year or also ad-hoc if there is material
regularly, without delay, and comprehensively on all information/events that must be submitted to the Board of
matters relevant to the corporation. The Board of Commissioners.
Commissioners may at any time request additional
information to the Board of Directors. The Corporate Secretary also assists the Board of Directors in
providing access to accurate, relevant, and timely information to
the Board of Commissioners, including invitations and materials
for the Board of Commissioners’ meetings which must be
submitted to the participants of the Board of Commissioners’
meeting no later than 5 (five) working days prior to the meeting.
The Corporate Secretary also administers, distributes, and follows
up incoming letters received by the Bank and addressed to the
Board of Directors and/or Board of Commissioners.
3.3 Responsibilities 3.3.1 The impact of the ownership structure on the Apply
of the Board corporation. The Board of Directors and the Board of
of Directors Commissioners consider their responsibilities in the The Bank’s Board of Directors and Board of Commissioners ensure
and Board of context of the shareholding structure and relationships that the shareholder structure and relations between shareholders
Commissioners between corporate shareholders, which may have an do not affect the implementation of the roles and responsibilities
on Impacts of impact on corporate management and operations. of the Bank’s Board of Directors and Board of Commissioners.
the Structure All decisions and policies made by the Bank’s Board of Directors
and Board of Commissioners are taken independently and
transparently for the benefit of the Bank.
Principle 4: 4.1 Code of 4.1.1 This statement is set forth in the Code of Conduct and Apply
Ethical and Conduct Business Ethics, which must clearly state the corporate
Responsible expectation that each member of the Board of Directors The Bank has a Code of Ethics & Code of Conduct and Anti-Bribery
Conduct and Board of Commissioners and employees will: and Corruption Policy No. M.11 which must be adhered to by the
a. Act in the best interests of the corporation; Board of Directors, Board of Commissioners and all employees.
b. Act honestly and with a high standard of integrity; The implementation and implementation of the Code of Ethics
c. Be independent and act based on complete & Code of Conduct and Anti-Bribery and Corruption Policy is the
information, in good faith, with due diligence and responsibility of all management and employees at all levels of the
prudence; organization as outlined in the Declaration of Integrity Pact, Code
d. Comply with laws and regulations that apply to the of Ethics, and Commitment to Anti-Bribery and Corruption that are
corporation and its operations; signed by the Board of Directors and Board of Commissioners and
e. Avoiding actions that violate laws and regulations attested by all employees every year.
or unethical actions based on corporate ethics
guidelines; More detailed information is presented in this Annual Report.
f. Not involved or participating in any activities that will
create a conflict of interest with the best interests of
the corporation or which will have a negative impact
on the reputation of the corporation;
g. Do not take advantage of property or information
owned by the corporation, ownership of other
assets or its customers for personal gain or which
causes harm to the corporation and its customers.
h. Does not take advantage of the position or
opportunities generated by the position for personal
gain;
i. Avoiding the act of asking for or receiving from
third parties payments, gratuities, or other benefits
for themselves or for other people that will lead to
conflicts of interest/provide benefits to third parties
by violating the laws and regulations;
j. Respect differences of opinion and the rights of
each member of the Board of Directors, Board of
Commissioners and employees;
k. Ensuring full, fair, accurate, timely, and
understandable disclosure in reports and
documents submitted by the corporation to
regulators and in other public communications;
4.1.2 The Board of Directors establishes policies and
practices on anti-money laundering and financing of
terrorism, anti-bribery, anti-corruption, anti-fraud,
political involvement with reference to the national
or international standards regarding anti-money
laundering, anti-bribery, anti-corruption, anti-fraud or
other related standards.
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4.2 Corporate 4.2.1 The corporation articulates, fosters, and discloses Apply
Values and corporate culture and values
Culture The Bank implements new values and culture, namely EPICC to
ensure that every CIMB Niaga personnel can carry out the Bank’s
operations properly and prevent various acts of fraud, money
laundering and financing of terrorism, anti-corruption, offering or
receiving bribes and payments or other inducements to commit
acts that violates laws and regulations or is unethical.
The internalization process for corporate values and culture in
daily work life that has been carried out by the Bank is presented
in the discussion of Corporate Values and Culture in this Annual
Report.
4.3 Enforcement 4.3.1 The corporate code of conduct and code of ethics are Apply
and communicated effectively to the Board of Directors,
Communication Board of Commissioners and all employees, integrated Internalization of the Code of Ethics & Code of Conduct is regularly
of the Code of into corporate strategy and operations, including risk carried out through various available media to raise awareness and
Ethics, Values, management system and remuneration structure, as understanding to implement behavior that is in line with the Bank’s
and Culture well as being enforced. Core Values. Every year, members of the Board of Commissioners
and Board of Directors sign the Integrity Pact, Code of Ethics, and
Anti-Bribery and Corruption Commitment, followed by attestation
of the pact by all Bank employees. More detailed information is
presented in this Annual Report.
Principle 5: 5.1 Internal Control 5.1.1 The Board of Directors periodically reviews the Apply
Risk and Compliance accuracy of designs and operational effectiveness of
Management, the governance system, risk management, internal The Board of Directors has implemented the Internal Control
Internal Control, control, and corporate compliance and reports System in accordance with the overall principles of control and
and Compliance the implementation and results of the review to evaluation carried out by the Bank, which indicate that the quality
shareholders through the annual report of the of the Bank’s Internal Control System is running properly. The
Corporation. Board of Directors and Board of Commissioners state that the
Bank has an effective and adequate internal control system in
managing the risks faced by the Bank while remaining within the
tolerance limit (risk appetite) in supporting the achievement of the
Bank’s objectives, which has been conveyed in the discussion of
the Risk Oversight Committee and the Internal Control System in
this Annual Report.
5.2. Risk 5.2.1. Strategy and risk is a unity, disclosed in a transparent Apply
Management manner, included in the implementation of the duties
and responsibilities of the Board of Directors and the The Board of Commissioners and Board of Directors always
Board of Commissioners, as well as in discussions at the manage and monitor the main risks of the Bank properly. Balancing
meetings of the Board of Commissioners and Board of between risk, compliance culture and capital adequacy is also a
Directors. strategic policy pillar of the Bank. The Board of Commissioners and
5.2.2. The Risk Management Oversight Committee assists Board of Directors are assisted by the Risk Oversight Committee
the implementation of the duties of the Board of and Risk Management Committee, which regularly monitor and
Commissioners by creating a transparent, focused, and review the effectiveness of risk control and management at each
independent mechanism for oversight of corporate risk meeting, also assisted by the Internal Audit Unit.
management.
The Board of Commissioners has established the Risk Oversight
Committee (ROC), which consists of Independent Commissioners
and Independent Parties who are competent and have
backgrounds in accordance with the regulations and needs of
the Bank. The ROC helps ensure that the implementation of the
Bank’s risk management still meets the elements of adequacy of
risk management procedures and methodologies, enabling the
Bank’s business activities to remain under control at acceptable
limits while still profitable for the Bank.
More detailed information is presented in this Annual Report.
5.3. Integration of 5.3.1 The Board of Directors establishes an integrated Apply
Governance, governance, risk management and compliance
Risk (GRC) system, by handling various uncertainties in an Through the Three Lines of Defense, the Board of Directors
Management, integrated manner and with high integrity, to ensure ensures coordination and capacity building among the main
and Compliance that the corporation can achieve its objectives. GRC systems, which include governance systems, strategic
5.3.2 The Board of Directors ensures that the division management, performance management, risk management,
in charge of the compliance function does not compliance management, and internal audit systems to ensure
concurrently carry out functions that have the potential that the corporation stays on the right track in achieving its goals.
to cause a conflict of interest. The Compliance Director also does not concurrently carry out
functions that have the potential to cause a conflict of interest as
described in the Bank’s Organizational Structure in this Annual
Report.
Proper GRC implementation is reflected in the various awards
received by the Bank in 2023, including Grand Champion of 2022
Annual Report Award (ARA), Leadership in Corporate Governance
at the 14th IICD CG Conference & Award and Platinum Star Trophy
at the 2023 TOP GRC Award.
5.4. Internal Audit 5.4.1 The Board of Commissioners through the Audit Apply
Committee oversees and ensures that the internal
audit function assists the corporation in achieving its The Board of Commissioners has established the Audit
goals through an objective and disciplined approach Committee, which ensures that the internal audit duties are
in order to evaluate and improve the effectiveness carried out objectively and independently. The appointment and
of risk management, internal control, and corporate dismissal of the Chief Audit Executive also takes into account
governance. recommendations from the Audit Committee, and internal audit
has direct access to the Audit Committee.
More detailed information is presented in this Annual Report.
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Principle 6: 6.1 Policy on 6.1.1 The corporation has disclosure and transparency Apply
Disclosure and Disclosure policies and procedures that ensure the disclosure
Transparency of material information and safeguard sensitive The Bank has Corporate Governance Policy No. M.12 and Policy on
information as well as corporate secrets. Communication with Shareholders and Investors No. M.02, which
6.1.2 Shareholders’ right to obtain regularly and timely regulate the disclosure of material information and safeguarding
relevant material information regarding the corporation sensitive and confidential information, as well as the obligation to
must be met. disclose/disclosure of information based on applicable regulations.
The Bank ensures that all shareholders have the same rights in
receiving material information correctly, timely, periodically, and
according to applicable regulations.
6.2 Financial and 6.2.1 The corporation discloses systems and procedures Apply
Sustainability to ensure that interim financial reports that are not
Reports materially audited or reviewed by external auditors are The Bank has systems and procedures to regulate internal control
accurate, complete, and provide investors with the right over financial reporting, including interim financial reports, the role
information to make the right investment decisions. of the risk management/compliance/supervision management
6.2.2 The Audit Committee ensures the quality of audits on function and the internal audit function to ensure the integrity of
financial report carried out by external auditors. This interim financial reports, and the role of the Audit Committee in
activity includes recommending the appointment, reviewing financial reports to be published by the Bank.
reappointment and, if necessary, the termination and
remuneration of the external auditor. The Bank’s Audit Committee ensures the quality of financial
6.2.3 The sustainability report shall be prepared and statement audits carried out by external auditors. This activity
disclosed accurately and in accordance with national or includes recommending the appointment, reappointment and,
international sustainability reporting frameworks. if necessary, the termination and remuneration of the external
6.2.4 The corporation issues an integrated annual report auditor.
that places historical performance into context and
describes the risks, opportunities, and prospects of The Bank’s Sustainability Report adopts international standards,
the corporation in the future, which will subsequently such as the GRI, SASB, SUSBA, and others. The report is also
assist shareholders and stakeholders to understand provided with assurance by an independent and competent
the strategic goals of the corporation and its progress external party.
in creating sustainable value.
The Bank’s Annual Report has put historical performance in context
and describes the risks, opportunities, and future prospects of the
corporation.
6.3 Dissemination 6.3.1 Channels for the dissemination of information should Apply
of Information provide users with equitable, timely, and relatively
inexpensive access to relevant information. The Bank regularly updates and provides easy access to information
6.3.2 The corporation ensures that an annual statement regarding its activities and performance to stakeholders, allowing
on the implementation of the Indonesian General them to be informed about the condition of the Bank in a clear
Guidelines for Corporate Governance, including and transparent manner. Various communication channels that
an explanation on the implementation of each are available include social media, website, email blasts, and
Recommendation and Guideline is available on the public exposure for customers and the public, press releases, as
website for a minimum period of five years well as a special internal communication channel for CIMB Niaga
6.3.3 For corporations listed on the capital market in employees, including:
jurisdictions other than the jurisdiction of origin, • Analyst meetings, interactions and discussions with
applicable laws and regulations on corporate shareholders, investors and analysts in the form of
governance must be clearly disclosed. In the case teleconferences and in-house meetings, Annual Reviews with
of cross listing, the criteria and procedures for cross national and international rating agencies, as well as Annual
listing, criteria and procedures for recognizing the Public Expose.
listing requirements for the primary listing must be • Website and social media of the Bank (Facebook, Instagram,
transparent and documented Twitter, Youtube and LinkedIn) and press releases.
A statement on the implementation of PUGKI is available on the
Bank’s website.
Principle 7: 7.1 Rights of 7.1.1 The corporation has a communication policy that Apply
protection of Shareholders facilitates and encourages shareholder or investor
the Rights of participation. The Bank has established a Policy on Communication with
Shareholders 7.1.2 Corporations that are parent entities ensure that their Shareholders and Investors No.M.02, which can be used as a
corporate governance policies apply to subsidiaries reference for subsidiaries and can be accessed by the public
and entities under common control in which their through the Bank’s website. The rights, authorization, and
investment is significant. responsibilities of shareholders are also regulated in detail in CIMB
7.1.3 Corporations have rules and procedures that govern Niaga’s Articles of Association, which can also be accessed on the
acquisitions, takeovers, and extraordinary transactions, Bank’s website.
such as mergers and sales of substantial corporate
assets to ensure the transactions occur in a transparent
manner and under reasonable conditions as well as
protecting the rights of all shareholders according to
class.
7.2 Fair Treatment 7.2.1 Corporations have rules and procedures that ensure a). Apply
of Shareholders all shareholders of the same series in one class of shares
must be treated equally, b). disclosure of said rules and Pursuant to the Bank’s Articles of Association, the Bank’s shares
procedures, as well as disclosure of capital structure consist of class A shares and class B shares. Class A and class B
and arrangements that allow certain shareholders to shareholders have the same rights, namely each share has the
gain influence or control that is disproportionate to right to 1 (one) vote.
their share ownership.
7.2.2 The corporation has rules and procedures that ensure The Bank always ensures that related party transactions that are
related party transactions are approved and carried carried out, do not have conflicts of interest and the interests of the
out in such a way as to ensure that conflicts of interest Bank and shareholders are protected.
are properly managed, and protect the interests of the
corporation and shareholders. One of the disclosures to prevent insider trading is contained in the
7.2.3 The corporation has established and discloses policies Code of Ethics & Code of Conduct. The Bank also has established
to prevent insider trading. The corporation has clear the CIMB Niaga Conflict Management Policy, which regulates the
rules regarding any trading in corporate shares carried procedures for trading the securities of the Bank and CIMB Group
out by Directors, Commissioners, and insiders to ensure and to reaffirm the prohibition on the use of Insider Information
that no one can benefit directly or indirectly from (Insider Trading) in private securities transactions by employees
information that is not/not yet available on the market. and members of the Bank’s Board of Commissioners and Board
of Directors.
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7.3 General 7.3.1 The corporation implement the notice for GMS with Apply
Meeting of the agenda and materials for the GMS as completely
Shareholders and as early as possible (no later than 28 days prior The Bank implements the Invitation for the GMS no later than 28
to the GMS) to provide sufficient time and material for (twenty-eight) days prior to the GMS, excluding the date of the
shareholders to properly study the meeting agenda. invitation and implementation for the GMS, complete with the
Meeting invitations and all GMS information are agenda and material for the GMS on the Bank’s website.
disclosed through electronic means, such as through
the corporate website. The GMS decision-making/voting mechanism is presented in the
7.3.2 The corporation has established and disclosed GMS Rules, which are posted on the Bank’s website and read back
rules and procedures that facilitate shareholders to by the Corporate Secretary at the commencement of the GMS.
participate and vote effectively at the GMS. Voting is carried out for each AGMS agenda (one decision) and
7.3.3 Shareholders participate effectively to determine the appoints independent parties, namely PT Bima Registra Notary
appointment of members of the Board of Directors and Ashoya Ratam SH., M.Kn., and Noatri Yumna Sabrina SH., M.Kn.
Board of Commissioners. (in the absence of Noatry Ashoya Ratam) to carry out the vote
7.3.4 The corporation ensures the transparency and calculation.
accountability of the external auditor at the GMS.
7.3.5 Submission of voting results and a complete summary Curriculum vitae of candidates for members of the Board of
of the minutes of the GMS will be announced to the Directors and Board of Commissioners as well as external auditors
public on the following working day. have been submitted together with the Invitation to the AGMS to
the public via the Bank’s website, and voting is also carried out
separately for each candidate.
The voting results and the complete summary of the minutes of
the Bank’s GMS are announced to the public on the same day after
the completion of the GMS via the Bank’s website.
More detailed information is presented in the GMS discussion in
this Annual Report.
Principle 8: 8.1 Stakeholders 8.1.1 The corporation through the Corporate Secretary carries Apply
Appreciation for Engagement out regular, transparent, and effective communication
Stakeholders with key stakeholders as well as involves them to The Bank discloses the process of identifying and selecting
understand their hopes and complaints as well as the key stakeholders to be involved, which has been disclosed
impact of the corporation on them. in the Sustainability Report. The Bank also has established a
Whistleblowing System as a means of conveying suggestions, input
and complaints in a safe and independent manner.
8.2 Integration of 8.2.1 The Board of Commissioners together with the Apply
Sustainability Board of Directors are responsible, accountable and
in Business transparent for sustainability governance, including in The Board of Directors ensures that corporate sustainability
Models terms of establishing corporate sustainability strategies, strategies, priorities, and targets, as well as performance against
priorities and targets. The Board of Directors and these targets are communicated to stakeholders as reported in
Board of Commissioners incorporate sustainability this Annual Report.
considerations when carrying out their roles,
including by developing and implementing corporate
strategies, business plans, main action plans, and risk
management.
8.3 Protection for 8.3.1 The Board of Directors ensures and discloses that Apply
Stakeholders corporate operations reflect the application of
high standards of ethics, social and environmental The Bank has various policies as guidelines in carrying out
responsibility throughout the corporation and business operations that are ethical, socially and environmentally
ensures that appropriate policies and procedures are responsible, and respecting and complying with the rights of
implemented to respect and comply with the rights of stakeholders. This is presented in full in the Bank’s Annual Report
stakeholders. and Sustainability Report.
8.3.2 The Board of Directors encourages employees to work
for the long-term interests of the corporation and The Bank also has a policy on providing long-term incentives,
prioritizes sustainability. namely share-based compensation to employees, which
encourages sustainable value creation as presented in the
Remuneration Policy discussion in this Annual Report.
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Implementation of Corporate Governance Aspects
and Principles for Public Companies Pursuant to
Financial Services Authority Provisions
The OJK issued 5 (five) aspects, 8 (eight) principles, and 25 (twenty-five) governance recommendations, as stated in
OJK Regulation No. 21/POJK.04/2015 concerning the Implementation of Corporate Governance Guidelines for Public
Company and OJK Circular Letter No. 32/SEOJK.04/2015 concerning Corporate Governance Guidelines for Public
Company, respectively. CIMB Niaga has implemented these aspects, principles, and recommendations based on the
following “comply or explain” approach:
Aspect Principle Recommendation Desription
Public Principle 1: 1.1 Public Company have Comply
Company Increasing the a technical voting
Relations with Value of Holding procedures, both As an effort to increase shareholder independence, freedom, and
Shareholders a General open and closed, that confidentiality in the voting process, CIMB Niaga has a policy of
in Ensuring the Meeting of prioritize independency conducting closed and electronic voting (e-voting) at the GMS for each
Shareholder Shareholders and the interests of GMS agenda. This policy is set out in the Rules of the GMS.
Rights (GMS) shareholders.
The closed and electronic voting mechanisms at the Annual GMS and
Extraordinary GMS have been carried out since 2018 via touch screens
devices provided by CIMB Niaga, smart phones, or other mobile devices
(tablets, iPads, etc.) belonging to the shareholder or their proxy. CIMB
Niaga is thus the first Public Company in Indonesia to hold e-voting.
Shareholders and/or their proxies who attend electronically can
carry out the e-voting process on the eASY.KSEI application. Whereas,
shareholders who provide power of attorney with the e-Proxy
mechanism are deemed to have exercised their voting rights through
the eASY.KSEI application and are not permitted to carry out the
e-Voting process at the GMS venue.
The counting of voting results is carried out by the independent parties,
namely PT Bima Registra, the Securities Administration Bureau, Notary
Ashoya Ratam SH., MKn., and Notary Yumna Shabrina SH., MKn. (in the
absence of Notary Ashoya Ratam). This ensures the independence and
interests of shareholders in the voting process.
The Rules of GMS and video of e-Voting mechanism at the GMS venue
have been uploaded on the Bank’s website 28 (twenty-eight) days prior
to the date of the GMS, distributed to the shareholders when entering
the GMS room, and read aloud by the Corporate Secretary before the
GMS started.
1.2 All members of the Comply
Board of Directors and
members of the Board All members of CIMB Niaga’s Board of Directors and Board of
of Commissioners of Commissioners attended the AGMS on 10 April 2023. Members
the Public Company are of the Board of Directors and Board of Commissioners who were
present at the Annual present could represent the Bank in explaining each AGMS agenda to
GMS shareholders, ensuring that it was properly implemented.
1.3 Summary of the GMS Comply
minutes is available on
the Public Company CIMB Niaga uploads the summary of the GMS minutes on the same day
website for at least 1 after the GMS is held to the CIMB Niaga website. A summary of the GMS
(one) year. minutes from 2013 up to the present is available on the Bank’s website,
both in Bahasa and English.
Public Principle 2: 2.1 Public Company have a Comply
Company Improving communication policy
Relations with the Quality of with shareholders or CIMB Niaga has a Policy on Communication with Shareholders or
Shareholders in Public Company investors. Investors No. M.02 which has been uploaded to website.
Guaranteeing communication
Shareholder with The Bank’s communication activities include the implementation of
Rights Shareholders or GMS, Public Expose, Analyst Meetings, teleconferences/meetings/
Investors webinars with investors and analysts, Annual Rating Review, publication
of Monthly, Quarterly, and Annual Financial Statements, and accurate
and timely information disclosure. CIMB Niaga also provides
information on head office and branch addresses, e-mail addresses,
and phone numbers on the website and in the Annual Report, as well as
social media access (Facebook, Twitter, Instagram, LinkedIn), and Call
Center so that shareholders and investors can easily communicate with
the Bank.
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Highlights Reports Profile and Analysis Management
Aspect Principle Recommendation Desription
2.2 The Public Company Comply
discloses the
Public Company’s CIMB Niaga’s Policy on Communication with Shareholders or Investors
communication policy No. M.02 has been uploaded to the CIMB Niaga website.
with shareholders or
investors on the Website.
Functions Principle 3: 3.1 Determination of the Comply
and Roles of Strengthen the number of members
the Board of Membership and of the Board of CIMB Niaga has a Nomination Policy for Members of the Board of
Commissioners Composition Commissioners Commissioners, Board of Directors, and Independent Parties as
of the Board of considers the conditions members of the Committee at the Board of Commissioners level
Commissioners of the Public Company No. M.04, which serves as a guideline for the Nomination and
Remuneration Committee in the process of nominating members of
the CIMB Niaga Board of Commissioners while considering the Bank’s
needs, conditions, and capabilities. At the time this Annual Report
was published, the Bank’s Board of Commissioners was made up of 7
(seven) people, with 4 (four) Independent Commissioners (57%) and 2
(two) of them are female Independent Commissioners. The number of
members on the Bank’s Board of Commissioners does not exceed that
of the Board of Directors.
3.2 Determination of Comply
the composition of
members of the Board The CIMB Niaga Board of Commissioners has a diverse background
of Commissioners in terms of expertise, knowledge, experience, and nationality, aim to
considers the diversity support the Bank’s business development. This is shown in the profiles
of skills, knowledge and of each Board of Commissioners.
experience required.
Principle 4: 4.1 The Board of Comply
Functions Commissioners has a
and Roles of self-assessment policy to The policy to assess the performance of the Board of Commissioners
the Board of assess their performance and Committees at the Board of Commissioners level is outlined in the
Directors in Appendix to the Nomination and Remuneration Committee Charter,
Enhancing which is available on the CIMB Niaga website, and is included in the
the Quality of Corporate Governance Report Chapter of this Annual Report, along
Implementation with the assessment results.
of the Duties and
Responsibilities
of the Board of
Commissioners
4.2 The self-assessment Comply
policy for assessing the
performance of the The Board of Commissioners’ performance assessment policy is set
Board of Commissioners out in the Appendix to the Nomination and Remuneration Committee
is disclosed in the Public Charter, and disclosed in the Corporate Governance Report Chapter of
Company’s Annual this Annual Report, along with the assessment results.
Report
4.3 The Board of Comply
Commissioners has
a policy regarding CIMB Niaga’s Board of Commissioners Charter (point XI.4) regulates
the resignation of that members of the Board of Commissioners who are involved in
members of the Board financial crimes and/or other criminal acts are required to resign from
of Commissioners if they their positions.
are involved in financial
crimes.
4.4 The Board of Comply
Commissioners or the
Committee that carries The succession policy has been regulated in the Nomination and
out the Nomination and Remuneration Committee Charter and the Nomination Policy for
Remuneration function Members of the Board of Commissioners, Board of Directors, and
prepares a succession Independent Parties as members of the Committees at the Board of
policy in the Nomination Commissioners level No. M.04, as well as disclosed in the discussion of
process for members of the Nomination and Remuneration Committee in this Annual Report.
the Board of Directors.
Functions Principle 5: 5.1 Determination of the Comply
and Roles of Strengthen the number of members of
the Board of Membership and the Board of Directors CIMB Niaga has a Nomination Policy for Members of the Board of
Directors Composition considers the condition Commissioners, Board of Directors and Independent Parties as
of the Board of of the Public Company members of the Committees at the Board of Commissioners level No.
Directors and effectiveness in M.04 as a guideline for the Nomination and Remuneration Committee
decision making. in the process of nominating members of the CIMB Niaga Board of
Directors by considering the Bank’s financial condition and capabilities,
as well as the organizational needs and complexity of the Bank as the
second largest private bank in Indonesia. At the time this Annual Report
was published, the Bank’s Board of Directors consisted of 10 (ten)
members. The number of members on the Bank’s Board of Directors
exceeds that of the Board of Commissioners.
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Aspect Principle Recommendation Desription
5.2 Determination of the Comply
composition of members
of the Board of Directors CIMB Niaga’s Board of Directors have diverse backgrounds in terms
considers the diversity, of expertise, knowledge and experience. This shown in the profile of
skills, knowledge and each Director. The diversity and number of the Board of Directors is
experience required. needed in order to provide the best alternative problem resolution
for the Bank, in accordance with the needs, size and complexity of the
Bank’s business.
5.3 Members of the Board Comply
of Directors who are in
charge of accounting or Mr Lee Kai Kwong is CIMB Niaga’s Director of Strategy, Finance, and
finance have expertise SPAPM, overseeing accounting and finance. He has a Bachelor of
and/or knowledge in the Science (Fin) from the University of Pennsylvania in the United States
field of accounting. and has previously worked as Senior Managing Director - Regional
Head Consumer Business Planning & Analysis at CIMB Bank Malaysia,
as well as in various positions in the Finance sector. Mr Lee Kai Kwong
meets the requirements for expertise and/or knowledge in accounting
and/or finance.
Principle 6: 6.1 The Board of Directors Comply
Improving has a self-assessment
the Quality of policy to assess their The Board of Directors’ performance assessment policy is governed
Implementation performance by the Appendix to the Nomination and Remuneration Committee
of the Board Charter, which is available on the CIMB Niaga website.
of Directors’
Duties and 6.2 The self-assessment Comply
Responsibilities policy for assessing the
performance of the The Board of Directors’ performance assessment policy is set out in
Board of Directors is the Appendix to the Nomination and Remuneration Committee Charter
disclosed in the Public and disclosed in the Corporate Governance Report Chapter of this
Company’s annual Annual Report, along with the results.
report.
6.3 The Board of Directors Comply
has a policy regarding the
resignation of members CIMB Niaga’s Board of Directors Charter (point XI.4) regulates that
of the Board of Directors members of the Board of Directors who are involved in financial crimes
if they are involved in and/or other criminal acts are required to resign from their positions.
financial crimes.
Stakeholder Principle 7: 7.1 Public Company have a Comply
Participation Improving policy to prevent insider
Corporate trading To prevent insider trading, CIMB Niaga has a Conflict Management
Governance Policy that has been posted on the CIMB Niaga website. This policy
Aspects through seeks to establish rules, identify, reduce, and manage potential conflicts
Stakeholder of interest that may arise within the Bank as a result of activities carried
Participation out by the Bank’s business units that enable them to obtain information
about the Bank, Bank customers, and the CIMB Group.
7.2 Public Company have Comply
anti-corruption and anti-
fraud policies CIMB Niaga’s Anti-Bribery & Corruption Policy No. M.11, Anti-Bribery
Management System Policy No. M.14, and Anti-Fraud Policy No. E.07
have all been uploaded to the CIMB Niaga website.
The Anti-Bribery & Corruption Policy and the Anti-Bribery Management
System Policy were developed with the goal of providing information
and guidance to parties working for and on behalf of the Bank on
procedures for detecting, avoiding, communicating, and dealing with
bribery and corruption issues.
The Anti-fraud Policy governs the framework, governance, and
implementation of anti-fraud strategies, which are delivered through
four pillars: prevention, detection, investigation, and monitoring.
Further information about the Anti-Bribery and Corruption Policy and
the Anti-fraud Policy is disclosed in this Annual Report
7.3 Public Company have Comply
a policy regarding
the selection and CIMB Niaga has a Goods and Services Procurement Policy No. E.04.A.06,
improvement of supplier a Goods and Services Procurement Procedure No. E.04.A.06.P.01, and a
or vendor capabilities. CIMB Niaga Vendor Code of Ethics, all of which have been uploaded to
the CIMB Niaga website and are further disclosed in this Annual Report.
The Code of Ethics and Code of Conduct, as well as the Anti-Bribery
and Corruption Policy, govern relationships with business partners
(customers, suppliers, vendor partners, and consultants who work with
the Bank), and include anti-competition policies, objective evaluation,
prohibition of gratification, and provisions for consultation and
lobbying with business/enterprise partners.
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Aspect Principle Recommendation Desription
7.4 Public Company have a Comply
policy to fulfill creditor
rights. CIMB Niaga has a Creditor Rights Fulfillment Policy No. M.05, which
is available on the CIMB Niaga website and is further disclosed in this
Annual Report. This policy stipulates that CIMB Niaga implements
and respects creditors’ rights by treating all creditors equally, fulfilling
their rights and obligations on time, and keeping no Bank information
hidden (disclose).
7.5 Public Company have a Comply
whistleblowing system
policy. CIMB Niaga has Whistleblowing Policy No. E.08 which has been
uploaded on the CIMB Niaga website and is further disclosed in this
Annual Report.
7.6 Public Company have Comply
a policy of providing
long-term incentives to CIMB Niaga’s Risk Based Remuneration Policy No. A.06.02 includes
Board of Directors and a policy for providing long-term incentives to Board of Directors and
employees. employees who meet the Material Risk Taker (MRT) criteria.
An explanation of the Risk-Based Remuneration Policy is further
disclosed in this Annual Report.
Information Principle 8: 8.1 Public Company make Comply
Disclosure Improving the wider use of information
Implementation technology apart Aside from the website, CIMB Niaga uses other information technology
of Information from Websites as a such as telephone banking, e-mail, radio, print media, social media
Disclosure medium for information (such as Instagram, Facebook, Twitter, LinkedIn, and YouTube), screens/
disclosure. TVs at branch offices, ATMs, OCTO Clicks, and OCTO Mobile as media
channels for information dissemination.
Further explanation regarding Access to Company Information and
Data is disclosed in this Annual Report.
8.2 The Public Company’s Comply
Annual Report
discloses the ultimate CIMB Niaga does not have shareholders with share ownership of at
beneficial owner in least 5% other than the controlling shareholder (CIMB Group) as
Public Company share disclosed in the Company Profile chapter in this Annual Report.
ownership of at least 5%
(five percent), in addition
to disclosure of the
ultimate beneficial owner
in Public Company share
ownership through the
major and controlling
shareholders
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Integrated Governance Implementation Report
CIMB Niaga sees governance as the primary driver of No. 45/POJK.03/2020, dated 16 October 2020 concerning
innovation, sustainability, and balanced growth. CIMB Financial Conglomerates. These provisions govern the
Niaga’s implementation of Integrated Governance is a formation of a financial conglomerate, the appointment
tangible demonstration of the Bank’s commitment to of the Main Entity (ME) within the financial conglomerate,
implementing comprehensive and targeted governance. the comprehensive and effective implementation of IG,
CIMB Niaga applies Integrated Governance to the and the Main Entity’s obligation to prepare a Corporate
business activities of the financial conglomerate, with Charter.
the aim of improving performance, complying with laws
and regulations, and upholding ethical values that apply FINANCIAL CONGLOMERATE STRUCTURE
within the financial services industry. The membership composition of the CIMB Indonesia
Financial Conglomerate has been reported to OJK
Implementation of Integrated Governance can also through CIMB Niaga Letter No. 050/FO/KP/19 dated
promote sustainable stability in the Bank’s financial 24 April 2019, as follows:
system, increasing competitiveness in the financial Main Entity : PT Bank CIMB Niaga Tbk (CIMB Niaga)
services industry. CIMB Niaga’s implementation of Members : PT CIMB Niaga Auto Finance (CNAF)
Integrated Governance is based on OJK Regulation No. PT CIMB Niaga Sekuritas (CNS)
18/POJK.03/2014, dated 18 November 2014, and OJK
Circular Letter No. 15/SEOJK.03/2015, dated 25 May 2015, SHAREHOLDING STRUCTURE
regarding the Implementation of Integrated Governance The current shareholding structure of the CIMB Indonesia
(IG) for Financial Conglomerates, as well as OJK Regulation Financial Conglomerate is illustrated as follows:
Financial Conglomerate
Main Entity Public
Subsidiaries CIMB Group Sdn Bhd
92.50%*
7.50%
PT Bank CIMB Niaga Tbk
83.28% 97.32%
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
*)
Including PT Commerce Kapital 1.02%.
MANAGEMENT STRUCTURE
Pursuant to OJK Regulation No. 18/POJK.03/2014 on Implementation of Integrated Governance for Financial
Conglomerates, the following is the management structure of CIMB Indonesia Financial Conglomerate:
Compliance Internal Audit Risk Management
Entity IG Committee*
Function Function Function
PT Bank CIMB Niaga Tbk (CIMB Niaga) √ √ √ √
CIMB Niaga Auto Finance (CNAF) √ √ √ √
CIMB Niaga Sekuritas (CNS) √ √ √ √
*)
The IG Committee is in the Main Entity. However, the Committee consists of representatives of Independent Commissioners from each member Financial Service Institution
(FSI) of the Financial Conglomerate.
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MAIN ENTITY: CIMB NIAGA 2. Overseeing FSI activities as in compliance with Sharia
principles.
BOARD OF COMMISSIONERS,
SHARIA SUPERVISORY BOARD, AND BOARD OF DUTIES AND RESPONSIBILITIES OF THE BOARD
DIRECTORS OF THE MAIN ENTITY OF DIRECTORS OF THE MAIN ENTITY
The compositions of the Board of Commissioners, Sharia 1. Ensuring the implementation of IG in the CIMB
Supervisory Board, and Board of Directors of CIMB Niaga Indonesia Financial Conglomerate;
as the Main Entity are presented in the Company Profile 2. Preparing the IG Charter for approval by the Board of
Chapter of this Annual Report. Commissioners of the ME;
3. Preparing the Implementation Guidelines needed to
DUTIES AND RESPONSIBILITIES OF THE BOARD support IG Charter implementation, including but not
OF COMMISSIONERS OF THE MAIN ENTITY limited to:
Overseeing the implementation of Integrated Governance a. Integrated Risk Management Guidelines;
by: b. Integrated Compliance Guidelines; and
1. Approving the IG Charter prepared by the Board of c. Integrated Internal Audit Guidelines
Directors of the ME; 4. Directing, monitoring, and evaluating the
2. Overseeing governance implementation of implementation of the IG Charter;
each member of the CIMB Indonesia Financial 5. Following up on the directive and advice of the Board
Conglomerate to be in accordance with the IG of Commissioners of the ME to improve the IG Charter
Charter; and its implementation;
3. Overseeing the implementation of the duties and 6. Ensuring that audit findings and recommendations
responsibilities of the Board of Directors of the ME, from the Integrated Internal Audit, external audit, and
and providing guidance or advice to the Board of supervision results from OJK and other authorities
Directors of the ME on the implementation of the IG have been followed up by FSI within the CIMB
Charter; Indonesia Financial Conglomerate;
4. Evaluating the IG Charter and implementation 7. Reporting the IG self-assessment (semesterly) and
guidelines; the IG Annual Report;
5. Providing guidance for the improvement of the IG 8. Appointing an organizational unit within the ME to be
Charter and implementation guidelines; in charge of coordinating the IG implementation in
6. Submitting the IG Committee recommendations to the CIMB Indonesia Financial Conglomerate.
the Board of Directors of the ME regarding the IG
implementation by members of the CIMB Indonesia MEMBER: CNAF
Financial Conglomerate; The compositions of the Board of Commissioners and
7. Establishing the IG Committee to support the Board of Directors of CNAF are presented in the Company
effectiveness of its duty implementation, which will Profile Chapter of this Annual Report.
be regulated in a separate section;
8. Convening regular meetings at least once per MEMBER: CNS
semester. The compositions of the Board of Commissioners and
Board of Directors of CNS are presented in the Company
DUTIES AND RESPONSIBILITIES OF THE SHARIA Profile Chapter of this Annual Report.
SUPERVISORY BOARD OF THE MAIN ENTITY
1. Ensuring that IG implementation does not conflict
with Sharia principles;
Duties and Responsibilities of Members of CIMB Indonesia Financial Conglomerate
The Board of Commissioners The Board of Directors
1. Provide recommendations and approval regarding the Governance Policy The Board of Directors must ensure the implementation
prepared by the Board of Directors and ensure the Governance Policy is in of IG by members of the CIMB Indonesia Financial
accordance with the IG Charter; Conglomerate, with the following responsibilities:
2. Supervise the IG implementation, with the following duties and 1. Prepare a Governance Policy that is aligned with the IG
responsibilities; Charter;
a. Supervise Governance implementation to be in accordance with the IG 2. Prepare the necessary policies and procedures for the
Charter and Governance Policy; implementation of IG, aligned with the procedures
b. Follow up on the IG Committee recommendations related to IG established by the Main Entity;
implementation and improvements to the Governance Policy; 3. Provide sufficient resources;
c. Supervise the implementation of the duties and responsibilities of the 4. Guide, monitor, and evaluate the Governance Policy
Board of Directors, as well as provide guidance or recommendations implementation, including governance reporting;
to the Boards of Directors regarding the implementation of the 5. Follow up on the guidance and advice from the Board
Governance Policy; of Commissioners in order to improve governance
d. Evaluate and approve the Governance Policy for improvement; policies, as well as IG and governance implementation
e. Establish a Governance Committee by considering the characteristics based on the recommendations of the IG Committee;
and scale of the business; and
f. The Board of Commissioners discusses the recommendations from the 6. Reporting the assessments and implementation of
IG Committee in the Joint Meetings of the Board of Commissioners and governance to the ME in accordance with prevailing
Board of Directors in order to provide guidance and advice. procedures.
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CORPORATE CHARTER INTEGRATED INTERNAL AUDIT UNIT (IIA)
CIMB Niaga has prepared and established the CIMB The IIA establishment within CIMB Indonesia
Indonesia Financial Conglomerate Corporation Charter Financial Conglomeracy aims to carry out proper GCG
as regulated in OJK Regulation No. 45/POJK.03/2020 implementation. IIA of the CIMB Indonesia Financial
on Financial Conglomerates, which was approved by Conglomeracy has prepared an Integrated Internal Audit
the Board of Directors of CIMB Niaga and the Board Policy and Integration Governance Guidelines, which will
of Directors of FSI as members of the CIMB Indonesia serve as the foundation for IIA of Main Entity (ME) and IIA
Financial Conglomerate on 25 November 2020. The of Financial Services Institution (FSI), members of the CIMB
Corporate Charter was submitted to OJK on 27 November Indonesia Financial Conglomerate, to perform integrated
2020, and to this day, the charter is still relevant. monitoring and supervision, potentially improving the
quality of Integrated Internal Audit performance.
INTEGRATED GOVERNANCE (IG) COMMITTEE TASKS AND RESPONSIBILITIES OF IIA
The establishment of the Integrated Governance 1. Monitor and evaluate the performance of integrated
Committee is a form of CIMB Niaga’s commitment audits in each member of the CIMB Indonesia
to implementing good corporate governance in a Financial Conglomerate;
professional and sustainable manner. The IG Committee 2. Coordinate with all IA members of the CIMB Indonesia
assists in the effectiveness of implementing the duties Financial Conglomerate in accordance with their
of the Board of Commissioners of the ME in carrying functions;
out its oversight function on the implementation of IG 3. Compile the results of the Integrated Internal Audit
in the CIMB Indonesia Financial Conglomerate. Further for each member of the CIMB Indonesia Financial
discussion regarding the IG Committee is presented in Conglomerate;
the IG Committee Discussion as part of the Corporate 4. Prepare and submit performance reports on the
Governance Report Chapter in this Annual Report. tasks and responsibilities of integrated internal audit
to the ME Compliance Director and ME Board of
Commissioners.
CIMB Indonesia Financial Conglomerate IIA Organizational Structure
Board of Commissioners
of the Main entity
Recommendation
Integrated Governance
Committee
Integrated Internal
Through Audit Report
Integrated
Compliance Director Internal Audit
of Main Entity Report
Integrated Internal
Supervision
Audit Report
Internal Audit Unit
of Main Entity
PT Bank CIMB Niaga
Coordination
Recommendation
Internal Audit Unit Internal Audit Unit
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
Integrated Internal Audit Unit
In performing its duties, IIA of CIMB Indonesia Financial Conglomerate may conduct audits of the members of the CIMB
Indonesia Financial Conglomerate, individually, joint audit, or based on reports from other IA members of the CIMB
Indonesia Financial Conglomerate.
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IIA ensures that audit findings and recommendations 2. Conduct regular meetings with the Head of LJK FSI IA
from IIA, the external auditor, the OJK monitoring result, member of CIMB Indonesia Financial Conglomerate.
and/or the monitoring result of other authorities have 3. Monitor audit plan and audit result of FSI IA LJK
been followed up by members of the CIMB Indonesia member of CIMB Indonesia Financial Conglomerate
Financial Conglomerate. regularly.
INTEGRATED AUDIT IMPLEMENTATION IN 2023 INTEGRATED COMPLIANCE UNIT (ICU)
In 2023, IIA monitored and reported the implementation According to POJK No. 18/POJK.03/2014 on the
of integrated internal audit to the EU ME Compliance Implementation of Integrated Governance (IG) for
Director and the EU ME Board of Commissioners Financial Conglomerates, the CIMB Niaga Compliance
regularly. IIA has taken various measures to ensure that Unit (CU) also serves as the Integrated Compliance Unit
the integrated internal audit was carried out as per OJK (ICU), overseeing the implementation of the compliance
FSA’s expectations, as follows: function in the CIMB Indonesia Financial Conglomerate
1. Align internal audit policies and procedures with (CIFC) through regular and intensive coordination with
CIMB Niaga IA. the subsidiary CU. CIMB Niaga’s CU is an independent
work unit, distinct from operational work units in the ME.
Organizational Structure of ICU in CIMB Indonesia Financial Conglomerate
Board of
Commissioners of the
Main Entity Recommendation
Board of
President
Directors of
Director
the Main entity
Recommendation
Other Directors Integrated Compliance Integrated Governance
Director Committee
Integrated
Compliance Report
Integrated
Compliance Unit
Coordination
Compliance Unit Compliance Unit
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
ICU DUTIES AND RESPONSIBILITIES
1. Monitor and evaluate Integrated Compliance implementation across CIFC members;
2. Coordinate with each CU member of the CIFC based on their function;
3. Compile Integrated Compliance implementation results from all CIFC members;
4. Prepare and submit reports on the implementation of Integrated Compliance duties and responsibilities to the ME
Compliance Director;
5. Develop policies to guide the implementation of the compliance function in an integrated manner and share them
with other FSIs that are members of CIFC;
IMPLEMENTATION OF INTEGRATED COMPLIANCE ACTIVITIES IN 2023
1. Each CU member in the CIFC prepares and submits regular Compliance Reports to ICWU;
2. ICU prepares and delivers:
a. Quarterly Integrated Compliance Report to the ME Board of Directors in charge of the compliance function;
b. Semesterly self-assessment report on IG implementation in CIFC to the IG Committee and OJK;
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c. Annual report on IG implementation to OJK and 6. Hold regular coordination meetings with each CU in
publication through the Annual Report/Bank the CIFC members and monitor corrective actions
website. for compliance issues faced by each member of the
3. The ME Compliance Director submits Semester CIFC, including following up on the Regulator’s audit
Integrated Compliance Reports to the ME Director findings;
and EU Board of Commissioners; 7. The ME and members of the CIFC conduct
4. Aligning the compliance framework between ICU and independent assessments of Compliance Risk
each CU in the CIFC members; Management Implementation in accordance with
5. Updating internal policies and developing several internal regulations and methodologies.
procedures that will serve as references when
implementing the integrated compliance function;
Compliance Self-Assessment
Description
Risk Profile Rating
Bank CIMB Niaga 2/Low Moderate Taking into account the business activities carried out by the Bank, the possibility of losses due
to Compliance Risk has been classified as low. The quality of Compliance Risk management
implementation is satisfactory. In the event of a minor weakness, the weakness can be resolved
through normal business activities.
CIMB Niaga Auto 2/Low Moderate Taking into account the business activities carried out by CNAF, the possibility of losses due
Finance (CNAF) to Compliance Risk has been classified as low. The quality of Compliance Risk management
implementation is satisfactory. In the event of a minor weakness, the weakness can be
resolved through normal business activities.
CIMB Niaga 3/Moderate Taking into account that the business and organizational activities of CNS have just started
Sekuritas this year, the possible losses due to Compliance Risk have been classified as moderate for a
(CNS) certain period of time in the future. The quality of Risk Management implementation is fair.
The minimum requirements have been met, and there are several weaknesses that require
the management’s attention.
CONSOLIDATED/ 2/Low Moderate Taking into account the business activities carried out by the Financial Conglomerate, the
INTEGRATED possibility of loss from Compliance Risk is relatively low for a certain period of time in the
future. The quality of Compliance Risk implementation management is adequate. In the event
that there are minor weaknesses, these weaknesses require to get management’s attention.
INTEGRATED RISK MANAGEMENT
In accordance with POJK No. 17/POJK.03/2014, the Controlling Shareholder appointed CIMB Niaga as the Main Entity
(ME) in charge of coordinating the assessment of the risk management process of the CIMB Indonesia Financial
Conglomerate (CIFC), whose members are PT Bank CIMB Niaga, Tbk and 2 (two) subsidiaries, PT CIMB Niaga Auto
Finance (CNAF) and PT CIMB Niaga Securities (CNS).
The ME is responsible for the establishment of the Integrated Risk Management Committee (IRMC) and an Integrated
Risk Management Unit (IRMU) toward the comprehensive and effective implementation of integrated risk management,
while still taking into account of the unique characteristics and complexity of each CIFC member’s business. The IRMC
consists of the Risk Management Director and related senior management members from the ME, as well as the Director
in Charge of the Risk Management Function of each Financial Services Institution (FSI), who is a member of the CIFC. The
process of monitoring and evaluation of risk exposure in CIFC is performed through the IRMC, and reported to the Risk
Management Committee )RMC) at ME.
COMPOSITION OF IRMC MEMBERS IN 2023
Name Position Position in IRMC
Henky Sulistyo Risk Management Director CIMB Niaga Chairman
Julius W. Tjhioe Head of Operational Risk CIMB Niaga Deputy Chairman I
Yenyen Koei* Head of Risk Analytics and Infrastructure CIMB Niaga Deputy Chairman II
Antonius Herdaru Danurdoro Risk Management Director CNAF Member
Harry Supoyo President Director CNS Member
Diva Mahdi Head of Market Risk and Model Validation CIMB Niaga Member
Koei Hwei Lien Head of Retail Credit Risk CIMB Niaga Member
Sandi Maruto Head of ALM Risk CIMB Niaga Member
*
Acting Officer
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DUTIES AND RESPONSIBILITIES OF THE IRMC 2. Provide information to the IRMC on issues that
1. Provide recommendations to the ME Board of need to be followed up, including in the event of a
Directors with regard to the formulation of Risk significant excession or significant incident in each FI
Management policy, which also include policies and member of CIFC that may affect the CIFC as a whole.
procedures for Integrated Risk Management, as well 3. Conduct risk monitoring in CIFC based on the results
as improvement and enhancement to such policies of the risk profile assessment of each FI member of
or procedures based on the evaluation of their CIFC as well as the integrated risk profile.
implementation. 4. Develop and review the accuracy of the risk profile
2. Review and coordinate the the evaluation results of assessment methodology on a regular basis or in
the integrated risk management implementation, case of regulatory changes.
such as integrated risk profile reports or other 5. Prepare and submit the integrated risk profile and
reports generated by the integrated risk management minimum capital adequacy requirement report
information system and methodology. periodically to the Risk Management Director at the
Bank as ME, and to the IRMC and RMC at the Bank as
Additional details about the KMRT Code of Conduct are the ME, prior to the submission to the regulator.
outlined in the KMRT Terms of Reference (TOR).
The IRMU monitors the implementation of integrated
IMPLEMENTATION OF INTEGRATED RISK risk management. The results of the monitoring process
MANAGEMENT ACTIVITIES IN 2023 for this risk exposure are then reported to and evaluated
The following is integrated risk management activities in by the IRMC, as well as reported to the RMC of ME, in
2023: line with the IRMU’s efforts to comply with the provisions
1. The IRMU of ME coordinates the submission of the of the regulator regarding the implementation of risk
Integrated Risk Profile Report from the respective management.
RMU of each CIFC member every semester to the
regulator. In 2023, the implementation of IRMU duties include the
2. The IRMU, along with the Finance Unit, submitted following:
the Minimum Capital Adequacy Requirement report 1. Conduct periodic review of the risk management
every semester to the regulator. Prior to this, the policies and procedures that serve as guidelines and
report is submitted to the IRMC for recommendation, references in the implementation of integrated risk
before approved by RMC from ME. management.
3. Coordination of the implementation of the integrated 2. Conduct a review of the methodology used in the risk
risk management function by the EU to FI members profile self-assessment process for each FI member
of CIFC, which is carried out periodically with the of CIFC.
IRMU of each FI member of the CIFC. 3. Carrying out the process of improving and aligning
4. Submission of the Integrated Risk Profile Report result risk management activities and frameworks in the
to all IRMC members to obtain recommendations ME with the implementation of risk management in
before being approved by the RMC of ME. FI members of CIFC.
5. There were no significant events that occurred in 4. Prepare and submit the integrated risk profile and
each FI member of CIFC that could affect the overall minimum capital adequacy requirement reports on a
risk profile of the CIFC. regular basis to IRMC and RMC in the ME to be further
submitted to regulators.
INTEGRATED RISK MANAGEMENT UNIT
IRMU coordinates the risk management units of each Further explanation regarding the implementation of
FI within member of the CIFC. The IRMU’s authority and integrated risk management is presented in the Risk
responsibilities include, among others: Management Chapter of this Annual Report.
The authority and responsibilities of the IRMU include,
among others:
1. Provide feedback to the IRMC and RMC of ME with
regard to, among others, the preparation and
implementation of Integrated Risk Management
policies and procedures.
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Organizational Structure of IRMU in CIMB Indonesia Financial Conglomerate
Board of
Commissioners of the
Main Entity
Board of President
Directors of Director
the Main entity
Recommendation
Risk Management Integrated Risk
Other Directors
Director Management Committee
Integrated Risk
Management Unit Integrated Risk
Profile Report
Coordination
Risk Management Unit of Risk Management Unit of
PT CIMB Niaga Auto Finance PT CIMB Niaga Sekuritas
POLICY ON INTRAGROUP TRANSACTIONS these policies include the Risk Management Policy, the
Intragroup transaction risk is one of the risks that must be Policy regarding the Maximum Legal Lending Limit (LLL),
managed in the context of implementing Integrated Risk and others. The clarity of authority and responsibility
Management. Intragroup transaction risk arises due to has also been well regulated under the authority of the
the dependence of an entity, either directly or indirectly, Strategy, Finance & SPAPM Director.
on other entities within a financial conglomerate in
the context of fulfilling the obligations of written and In the intragroup transaction risk management
unwritten agreements, whether followed or not followed process, the ME has identified, measured, monitored,
by a transfer of funds. and controlled the risk of composition and fairness of
transactions among CIFC members. Periodically, the
Intragroup transaction risk may arise from, among Finance Unit and RMU monitor the risk of the composition
others: of intragroup transactions to ensure compliance with
1. Cross-ownership among FI members in a financial limits, such as the LLL and the arms-length principle of
conglomerate. transactions.
2. Centralization of short-term liquidity management.
3. Guarantee, loan or commitment, provided by or The CIMB Indonesia Financial Conglomerate has no
obtained from one FI to another FI within the financial centralized liquidity management, intragroup support is
conglomerate. not binding, transaction operations where one company
4. Exposures to the controlling shareholders, including acts with or on behalf of another company within the
loan and off-balance sheet exposures, such as CIMB Indonesia Financial Conglomerate are very low, and
guarantees and commitments. purchases or sales of intragroup assets are immaterial. In
5. Placement, purchase or sale of assets to other FI’s terms of documentation and fairness of transactions, the
within a financial conglomerate. documentation of intra-group transaction agreements
6. Risk transfer through reinsurance. is very adequate, and all transactions are carried out
7. Transactions to transfer third party risk exposure based on the arm’s length principle and in accordance
among FI within a financial conglomerate. with applicable regulations. Exposure to the controlling
8. Business cooperation or cross-selling in the form of shareholder toward total capital and exposure arising
incentives or fees among FI. from the placement of customer assets with other
companies within the CIMB Indonesia Financial
In the context of active supervision, the Board of Conglomeration is also insignificant. In addition, the
Commissioners and the Board of Directors receive regular implementation of an independent review is carried out
reports related to intragroup transactions. Adequate by the IAU in accordance with the business scale and
policies and procedures for managing intragroup complexity of intragroup transactions.
transactions have been developed in each FI. At the ME,
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Intragroup transaction risk is one of the risk assessment 3. Duties and responsibilities of the IG Committee;
aspects in the Integrated Risk Profile Report, which is 4. ICU duties and responsibilities;
reported regularly. Up to the end of 2023, the risk profile 5. IA duties and responsibilities;
of intra-group transactions is still considered low and 6. Implementation of Integrated Risk Management; and
limited, and the significance of intra-group transactions 7. Preparation and implementation of IG Guidelines, as
toward the total assets of the CIMB Indonesia Financial well as paying attention to other information related
Conglomerate is still insignificant. to the implementation of IG.
IG IMPLEMENTATION ASSESSMENT REPORT IG Committee members and IRMC members conduct
the IG implementation self-assessment process,
IG IMPLEMENTATION ASSESSMENT METHOD evaluating the adequacy of the IG structure, process,
Based on SEOJK No. 15/SEOJK.03/2015 concerning the and outcomes for each assessment factor, as well as
Implementation of Integrated Governance for Financial considering other significant and relevant information in
Conglomerates, self-assessment of IG implementation is the implementation of Governance.
carried out every semester, which includes an assessment
of 3 (three) aspects of IG, namely Structure, Process, and Furthermore, in the process of self-assessment of IG
Outcomes on 7 (seven) Factors of Assessment of the implementation, the Bank as ME considers data and
following IG implementations: other information obtained from other work units such
1. Implementation of the duties and responsibilities of as Risk Management, Internal Audit, Corporate Affairs,
the ME’s Board of Directors; Human Resources, Anti-Fraud Management, and work
2. Implementation of the duties and responsibilities of units in subsidiary companies, which are used as a
the ME’s Board of Commissioners; validation factor in assessing IG implementation in the
CIMB Indonesia Financial Conglomerate.
IG IMPLEMENTATION ASSESSMENT OUTCOMES
The outcomes of the IG implementation assessment in Semester I and II 2023 are as follows:
Outcomes of Self-Assessment of Integrated Governance Implementation
Rating Rating Definition
The Financial Conglomerate is considered to have implemented IG that is generally good, as reflected in the
2 (GOOD)
adequate fulfillment of the application of IG principles.
The CIMB Indonesia Financial Conglomerate is thought to have implemented good IG principles and frameworks,
including 7 IG assessment factors. This is reflected in the effective implementation of IG’s three factors: structure,
process, and outcomes. The CIMB Indonesia Financial Conglomerate has generally achieved good IG implementation
outcomes as a result of the comprehensive and effective implementation of adequate IG structure and infrastructure.
This is evidenced, among others, through the implementation of the IG and IRMC Committees’ duties and functions,
which are supported by the implementation of the ICU, IIA, and IRMU functions, as well as the alignment of the
framework in implementing internal control systems, risk management, and compliance. The CIMB Indonesia Financial
Conglomerate conducts periodic self-assessment of the effectiveness of IG principle implementation and identifies
areas for improvement in the IG process. In general, the room for improvement is less significant and can be addressed
through normal business practices by ME and/or FSI members within the CIMB Indonesia Financial Conglomerate.
Self-assessment process for implementation of Integrated Governance is conducted through questionnaire self-
assessment by respondents, consist of management and executive officers in Main Entity and Subsidiaries. The
questionnaire self-assessment is also supported by validation process by independent units/functions in the Main
Entity and subsidiaries (such as: Compliance, Internal Audit, Risk Management, Anti-Fraud Management, and others).
In establishing report of Integrated Governance Implementation, the Main Entity also coordinate discussion with
all members of CIMB Indonesia Financial Conglomerate. The outcome and its report is presented to the Integrated
Governance Committee every semester for approval, to be submitted to regulators.
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Sharia Business Unit Governance Report
POLICY ON GOVERNANCE IMPLEMENTATION GCG PRINCIPLES OF SBU
The demand for sharia-compliant financial products Sharia financial business management based on GCG
and services grows year after year. This was followed by is expected to to make a positive contribution to all
an increase in the number of financial institutions and stakeholders. CIMB Niaga’s SBU follows 5 (five) main
institutions that provided Sharia-compliant financing and principles in its business operations, namely:
services. 1. Transparency: transparency in presenting material
and relevant information, as well as the decision-
In order to meet the needs of the community, CIMB Niaga making process.
established a Sharia Business Unit (SBU), which provides 2. Accountability: clarity and accuracy of presenting
a variety of Sharia financial products and services in information regarding the management of the
an effort to develop the Islamic economy in Indonesia. Bank, which runs effectively in accordance with the
CIMB Niaga’s SBU is constantly improving and increasing objectives.
the quality of its services, products, and operations. 3. Responsibility: consistent Bank management in
One of them is to increase the implementation of accordance with the prevailing rules and regulations
Sharia Governance, which refers to the practice of good and the principles of sound SBU management.
corporate governance (GCG) and Sharia compliance. 4. Professionalism: being competent and able to act
objectively, free from the influence/pressure of any
LEGAL BASIS party, and commited to developing sharia business.
1. Indonesia’s Laws regarding Limited Liability 5. Fairness: fairness and equality in fulfilling the rights
Companies and Sharia Banking. and interests of the stakeholders in accordance with
2. Financial Services Authority (OJK) and Bank Indonesia the agreement of prevailing rules and regulations.
Regulations, and OJK and Bank Indonesia Circular Changed the term of office to 3 (three) years.
Poor
Letter related to Sharia Banks and Sharia Business
Units. GCG SELF-ASSESSMENT OF THE SBU
3. Articles of Association of CIMB Niaga. Self-Assessment of GCG implementation is carried
out by the Bank to measure the outcome of GCG
implementation by CIMB Niaga’s SBU in 1 (one) year, as
stipulated by the regulator. The assessment is routinely
conducted by sending questionnaires to respondents,
namely members of the Sharia Supervisory Board (SSB),
Board of Directors, and Executive Officers.
The following is CIMB Niaga’s Sharia Governance self-assessment result in 2023:
Factor Weight Rating Score
Implementation of the Duties and Responsibilities of the SBU Director 35% 1.12 0.39
Implementation of the Duties and Responsibilities of the Sharia Supervisory Board (SSB) 20% 1.18 0.24
Implementation of the Sharia Principles in Fund Collection, Fund Distribution and Services 10% 2.70 0.27
activities
Fund Distribution to Customers and Fund Deposit by Core Depositors 10% 2.11 0.21
Transparency of Financial and Non-Financial Conditions, GCG Implementation Report, and Internal 25% 1.70 0.43
Reporting
Composite Score 100% 1.53
(Good)
Range Table
Composite Score Composite Attribute
Composite Score >1.5 Very Good
1.5 ≤ Composite Score < 2.5 Good
2.5 ≤ Composite Score < 3.5 Fair
3.5 ≤ Composite Score < 4.5 Poor
4.5 ≤ Composite Score ≤ 5 Very Poor
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STRUCTURE AND MECHANISM OF CIMB 7. Meetings and Meeting Minutes
NIAGA SBU SHARIA GOVERNANCE 8. Performance Assessment and Accoutability
9. Supporting Units for the Implementation of
GCG STRUCTURE OF CIMB NIAGA SBU SSB Duties and Responsibilities
The Governance structure of CIMB Niaga’s SBU consists 10. Reporting
of the SSB and the Sharia Banking Director, who has
established a number of Groups to carry out the MECHANISM OF APPOINTMENT, REPLACEMENT,
operational business of CIMB Niaga’s SBU. All sharia AND/OR RESIGNATION OF SSB MEMBERS
governance bodies at CIMB Niaga’s SBU carry out their The SSB Charter of CIMB Niaga’s SBU contains provisions
duties and responsibilities in accordance with their and mechanisms that govern the selection, appointment,
respective functions. replacement and/or resignation of SSB members, as
follows:
MECHANISM OF SHARIA GOVERNANCE 1. SSB Member Criteria
In its daily operations, CIMB Niaga’s SBU adheres to A prospective member of the SSB shall meet the
Sharia Governance principles. The Sharia Governance required integrity, competency, and good reputation
Mechanism refers to organizational management criteria, as stipulated in the prevailing laws and
principles and practices that adhere to Sharia principles. regulations.
CIMB Niaga’s SBU implements Sharia Governance
mechanisms to ensure that organizational activities and 2. Procedures for Appointing SSB Members, including:
policies are consistent with Islamic ethical values, which Prior to being appointed, SSB members must receive
are incorporated into the structure and processes of a recommendation from the National Sharia Council -
SBU organs and supporting organs. All SBU organs and Indonesian Ulema Council (DSN-MUI), approval from
supporting organs carry out their respective functions the GMS, and have passed the Fit and Proper Test in
and roles in accordance with existing regulations and accordance with OJK regulations regarding Fit and
policies, allowing for continuous improvement in the Proper Test and Implementation of GCG for Sharia
implementation of Sharia governance. Commercial Banks and Sharia Business Units, as well
as fulfilling other requirements set by other relevant
SHARIA SUPERVISORY BOARD (SSB) institutions.
The SSB is in charge of providing advice and suggestions
to the Board of Directors and supervising the Bank’s SBU 3. The procedures for the dismissal, replacement, and/
activities in accordance with Sharia Principles. The SSB or resignation of an SSB member include:
has the authority to supervise, monitor, provide sharia a. A member of the SSB has the right to resign from
opinions, approve, and closely observe all CIMB Niaga’s his position by notifying the Bank in writing of his
SBU activities. SSB members are appointed by the GMS intention to resign before it takes effect.
following the recommendation from the National b. The Bank shall convene a GMS within 90 (ninety)
Sharia Council – Indonesian Ulema Council (DSN-MUI) days of the receipt of the resignation letter of the
and granting a Fit and Proper Test approval from the OJK. SSB member.
c. The proposal for the dismissal and/or replacement
SSB CHARTER of an SSB member submitted to the GMS shall
The SSB Charter governs SSB guidelines, standards, and consider the recommendation of the Bank’s
a code of ethics in order to improve the effectiveness of Nomination and Remuneration Committee.
the daily implementation of SSB functions, duties, and d. The Bank shall conduct a disclosure to the public
responsibilities, as well as to establish quality standards and submission to the OJK at least 2 (two) working
for the management of institutional administration and days following the receipt of the resignation letter
SSB work results, both for the benefit of SSB, SBU, and of the SSB member.
other parties. CIMB Niaga’s SBU SSB has an SSB Charter e. In the event that the resignation resulted in
that serves as a framework for carrying out its duties reduction of the number of SSB members to
and responsibilities. The SSB Charter was last updated in less than the minimum number required by the
2018 and is subject to periodic review in accordance with prevailing regulations, the Bank shall appoint new
Indonesian rules and regulations. SSB member(s) in accordance with the prevailing
mechanisms and procedures for the appointment
The SSB Charter regulates the following: of SSB members.
1. Objective
2. Duties and Responsibilities
3. Membership
4. Work Plans and Mechanisms
5. Work Ethics and Hours
6. Remuneration and Facilities
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f. In the event that an SSB member resigns before 2. Replacement and/or appointment of all SSB
his/ her term of office ends, the accountability members has considered the recommendations of
for the implementation of duties carried out the Nomination and Remuneration Committee as
from the last accountability up to the date of the well as granted the approval of the GMS.
resignation shall be requested at the following 3. All SSB members have passed the Fit & Proper Test
Annual GMS. from the OJK.
g. The dismissal and/or resignation of an SSB 4. All members of CIMB Niaga’s SSB did not have
member shall be reported to the OJK within 10 family relationships up to the second degree with
(ten) calendar days of the effective date of such fellow members of SSB, members of the Board of
dismissal and/or resignation. Commissioners and/or Board of Directors, or the
Controlling Shareholders.
MEMBERSHIP STRUCTURE AND COMPOSITION 5. The term of office of SSB members was effective from
OF THE SSB IN 2023 the date specified in the GMS that appointed them
In 2023, the membership structure and composition until the close of the third (3rd) AGMS following the
of CIMB Niaga’s SSB complied with the applicable date of appointment, without prejudice to the right of
regulations as well as the SSB Charter, as follows: the GMS to dismiss them at any time in accordance
1. CIMB Niaga’s SSB consisted of 3 (three) members, with the Articles of Association and the prevailing
one of whom appointed as a Chairman. regulations. Members can be re-appointed with due
regard to the applicable provisions.
Masa Jabatan
No Name Position Term of
GMS Appointment BI/OJK Approval Reappointment
Office
Prof. Dr. M. Quraish Chairman AGMS 23 April 2008 No. 11/260/DPbS AGMS 10 April 2023 2023 - 2026
1 Shihab, MA concurrently dated 11 February 2009
member
Prof. Dr. Fathurrahman Member EGMS 19 December 2008 No. 11/260/DPbS AGMS 10 April 2023 2023 - 2026
2
Djamil, MA dated 11 February 2009
Dr. Yulizar Djamaluddin Member AGMS 28 March 2013 No. 15/825/DPbS AGMS 10 April 2023 2023 - 2026
3
Sanrego, M.Ec dated 10 June 2013
FIT AND PROPER TEST
The SSB Charter stipulates that SSB members have to be appointed at the General Meeting of Shareholders and the
appointment is only effective when it has been approved by the OJK as stated in PBI No. 11 of 2009 on Commercial
Sharia Banks and in the OJK Regulation No. 27/POJK.03/2016 on the Fit and Proper Test for Key Parties of Financial
Services Institutions, which states that candidate SSB members must obtain approval of the Financial Services Authority
prior to carrying out any actions, duties, and functions on a Sharia Supervisory Board.
All members of the SSB of CIMB Niaga’s SBU have passed the fit and proper test without notes and have received
approval from the OJK, which indicates that all members of the SSB have integrity, competence, and adequate financial
reputation.
SHAREOWNERSHIP BY SSB MEMBERS
All member of the Bank’s SSB has no shares in the Bank, or in other financial institutions or companies.
CONCURRENT POSITIONS OF SSB MEMBERS
Based on article 14 paragraph 4 of the OJK Regulation No.12 of 2023 concerning Sharia Business Units, members of
the SSB may hold concurrent positions as SSB members at 4 (four) other sharia financial institutions, as also stated in
the Bank’s SSB Charter. The concurrent position of members of CIMB Niaga’s SSB have met the above requirement.
Information on concurrent positions of the members of CIMB Niaga’s SSB is presented in the Company Profile Chapter
of this Annual Report.
DUTIES, RESPONSIBILITIES, AND AUTHORITY OF THE SSB
The SSB has the duties and responsibilities to provide advice and recommendations to the Director in charge of the
SBU, and to oversee SBU activities in accordance with Sharia Principles. The scope of SSB’s oversight and authorities
over the SBU includes:
1. Assessing and ensuring compliance with Sharia Principles regarding the Sharia operational and product guidelines
issued by the Bank.
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2. Overseeing the Bank’s process of new Sharia product CIMB Niaga carried out an independent assessment of
development in accordance with the DSN-MUI fatwa. the SSB’s performance through a survey method given
3. Providing Sharia opinions regarding new Sharia to each SSB member. It is expected that the results of
related products and/or restructured financing with this performance assessment can provide input for
reference to the DSN-MUI fatwa and provisions improving SSB performance in the future.
governing the implementation of Sharia Principles
and business activities of the SBU. PERFORMANCE ASSESSMENT CRITERIA FOR THE
4. Requesting a fatwa from DSN-MUI for the Bank’s new SHARIA SUPERVISORY BOARD
Sharia-related bank products which has no fatwa. SSB performance assessment uses several criteria as
5. Periodically reviewing the compliance with Sharia follows:
Principles in relation to fund collection, fund 1. Criteria of Collegial performance assessment of the
disbursement, as well as SBU services. SSB
6. Requesting data and information concerning Sharia a. Effectiveness of the Role of the Sharia Supervisory
apects from the Bank’s operating units that performs Board
and/or related to Sharia activities in relation to the b. Effectiveness of Implementation of Duties and
implementation of its duties. Responsibilities
7. Performing duties and responsibilities in accordance c. Composition of the Sharia Supervisory Board
with the principles of Good Corporate Governance. d. Effectiveness of Meeting, Work Ethics and SSB
8. The SSB has the right to request clarification from Dynamics
the authorized Bank and SBU officers regarding the e. Implementation of Good Corporate Governance
objective, characteristics, policy, and contract used in and Sustainability Principles
the products and services offered by the SBU. f. Effectiveness of Implementation and Control of
9. The SSB has the right to review and approve all Sharia Compliance
internal policies, systems, products and contracts 2. Criteria of Individual Performances Assessment of
issued by the Bank/SBU with regard to the fulfillment Each Member of the SSB
of Sharia principles. a. Competency and Capability
10. The SSB has the right to request all the necessary data b. Effectiveness of Implementation of Duties and
and information from the Sharia Banking Director Responsibilities
related to the implementation its duties 3. Criteria of Performance Assessment of the SSB
Chairman
MANAGEMENT OF CONFLICTS OF INTEREST OF THE SSB a. Effectiveness of Implementation of Duties and
The SSB Charter regulates conflicts of interest issues, Responsibilities
pursuant to the OJK Regulation No. 17 of 2023 on the b. Leadership
Implementation of Governance at
Commercial Banks, which stipulates that in the event of THE PARTY CONDUCTING THE PERFORMANCE
a conflict of interest, SSB members are prohibited from ASSESSMENT OF THE SHARIA SUPERVISORY BOARD
taking action that can be detrimental to the Bank or The parties who assess DPS performance are as follows:
reduce the Bank’s profits and must disclose the conflict 1. Collegial Performance Assessment of the SSB
of interest in every decision. The assessment is carried out by each members of
the SSB on the overall performance of the SSB.
The procedures that must be followed by the members of 2. Individual Performance Assessment of Each
the SSB in the event of a conflict of interest are in line with Member of the SSB
those for the members of the Board of Commissioners, Each member of the SSB provides an assessment to
as outlined in the Corporate Governance Chapter, the each other member.
Board of Commissioners sub-chapter, of this Annual 3. Performance Assessment of the SSB Chairman
Report. The assessment is carried out by each member of SSB
on the performance of the SSB Chairman.
PERFORMANCE ASSESSMENT OF THE SSB
The responses provided by the parties mentioned above
POLICIES AND PROCEDURES FOR PERFORMANCE were communicated directly via an online survey. The
ASSESSMENT OF THE SHARIA SUPERVISORY BOARD performance assessment results are kept confidential and
An assessment of the performance of the Sharia anonymous, and they are then compiled and submitted
Supervisory Board (SSB) is carried out every year (at least to the Nomination and Remuneration Committee and
once a year), for the first time in 2023, including: SSB. The Nomination and Remuneration Committee
1. Collegial performance assessment of the SSB; then presents and discusses the results of the SSB
2. Individual performances assessment of each performance assessment at the Board of Commissioners
member of the SSB; and meeting. The result of the discussion will be followed up
3. Performance assessment of the SSB Chairman. with improvements or action plans (if necessary).
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RESULTS OF THE PERFORMANCE ASSESSMENT OF performance assessment. In 2023, the results of the
THE SHARIA SUPERVISORY BOARD IN 2023 assessment of GCG implementation by DPS were 4.50
In 2023, the results of the collegial and individual SSB (Outstanding).
performance assessment in detail are as follows:
Individual Range Table
Collegial
Performance
Performance SSB Chairman Range Description
Assessment
Assessment
(Average) ≥ 4,7 Exceptional
4,51 (Outstanding) 4,78 (Exceptional) 4,64 (Outstanding) 4,0 – 4,6 Outstanding
3,7 – 3,9 Exceed Expectation
3,0 – 3,6 Meet Expectation
The Bank’s commitment to implementing GCG principles
< 3,0 Need Improvement
is one of the factors considered in the collegial SSB
SSB MEETINGS
The SSB Charter stipulates that the SSB meetings should be held at least 1 (one) time a month, and attended by all
members of the SSB and the Sharia Banking Director, with the agenda of strategic and operational policies and
decisions in the context of carrying out the supervisory function, and providing advice and suggestions to the Board of
Directors and SBU Management about compliance with sharia principles.
In line with the implementation of HyWork (Hybrid Working, Happy Working) at the Bank, SSB meetings during 2023
were held in person, virtually, or hybrid (in person and virtual), in which 12 (twelve) regular meetings have been
held with details of attendance as follows:
Name Attendance Attendance Rate Average Attendance Rate
Frequency
Prof. Dr. M. Quraish Shihab, MA 12 12/12
Prof. Dr. Fathurrahman Djamil, MA 12 12/12 100%
Dr. Yulizar Djamaluddin Sanrego, M.Ec 12 12/12
In addition to holding meetings, SSB also held an exit meeting review of Sharia compliance with detailed information
as follows:
Date Material of Discussion
28 March 2023 Emerging Business Banking iB Financing of West Java Area
16 June 2023 Mortgage iB Financing of Batam Area
4 December 2023 Commercial Banking iB Financing in Region II
SSB EDUCATION AND TRAINING
SSB member training data for 2023 is presented in the Company Profile Chapter of this Annual Report.
FREQUENCY, ADVISORY AND SHARIA COMPLIANCE SUPERVISION IN 2023
SSB submits the SSB Oversight Report to CIMB Niaga management every six months. The Oversight Report are then
submitted to the OJK by the Management. In 2023, the SSB submitted the following report to the OJK:
Period Letter No. Date
Semester I 037/PD/UUS/III/2023 15 August 2023
Semester II 006/PD/UUS/II/2024 13 Februari 2024
In 2023, SSB has also implemented several work programs, including:
1. Holding 12 (twelve) regular meetings to discuss new products, features, programs, operational guidelines, financing/
funding models, financing proposals, risk profile, financial performance, benevolent funds and Zakat, and so on.
2. Reviewing Sharia compliance through sampling of financing samples, funds and service transactions for iB Emerging
Business Banking Financing, iB Mortgage Financing, Fund Collection and Services at Sharia Branch Offices and Office
Channeling, Fund Collection for the iB Goal Savers Group Program, and Financing iB Commercial Banking.
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3. Holding 3 (three) meetings to discuss the results of PROFILE OF THE SHARIA BANKING DIRECTOR
Sharia compliance reviews with related units.
4. Submitting the SSB Oversight Results Report (LHP) for The complete profile is presented in
the Profile of members of the Board
the period: of Directors section of this Annual
a. Semester II 2022 submitted in February 2023; Report.
b. Semester I of 2023 submitted in August 2023.
5. Contributing to Sharia GCG through the 2023 GCG
Self-Assessment in accordance with the provisions of
the applicable authorities. Pandji
6. Conducting coordination meetings with the Risk
P. Djajanegara
Management Director, Compliance Director and
Internal Audit Work Unit.
7. Approving and supporting the revamp of Standard
Sharia Banking Director
Operational Procedures for Management of Sharia
Non-Compliance Incidents in order to strengthen
sharia supervision/review as a form of implementing CRITERIA
good sharia governance. The criteria for the appointment of the Sharia Banking
8. Discussing and formulating the membership of the Director is based on Bank Indonesia Regulation (PBI) No.
IG Committee with the SSB of all companies affiliated 11/10/PBI/2009 on Sharia Business Units, PBI No. 14/6/
with the CIMB Indonesia Financial Conglomerate. PBI/2012 on the Fit and Proper Test for Sharia Banks and
9. Actively contributing to the membership of the IG Sharia Business Units, and BI Circular No.
Committee in accordance with the provisions of the 14/25/DPbS on the Fit and Proper Test for Sharia Banks
applicable authorities. and Sharia Business Units. The criteria that must be met by
10. Attending the SSB Pre-Ijtima Sanawi/Annual Meeting candidates for the position of the Sharia Banking Director
and the SSB Ijtima Sanawi/Annual Meeting of Sharia include:
Financial Institutions in the Sharia Banking sector in 1. Good integrity, competency, and financial reputation
2023 which are organized by DSN MUI. as required by the prevailing regulations;
11. Attending the KLIFF 2023 Islamic Finance Sharia 2. Commitment to the development of sound Sharia
Advisory Muzakarah activities organized by CERT banking operations;
(Centre For Research and Training), Malaysia. 3. Sufficient knowledge and understanding of Sharia
12. Providing motivational training with the theme “Islam banking operations;
& Maqashid Sharia View on EPICC & Sustainable 4. Knowledge and expertise in banking operations,
Finance” for CIMB Niaga’s SBU employees. Sharia banking, finance, or Sharia finance;
5. The ability to carry out strategic management within
SHARIA BANKING DIRECTOR the framework of developing a sound and resilient
CIMB Niaga’s SBU is led by the Sharia Banking Director SBU.
who is fully responsible for the implementation of sharia
business management based on the prudential principles Detailed information about the duties and responsibilities
and sharia principles. In 2023, the Sharia Banking Director of Sharia Banking Director is presented in the Board of
was served by Pandji P. Djajanegara, who was appointed Directors sub-section of the Corporate Governance Report
through the AGMS Resolution dated 15 April 2016, and Chapter of this Annual Report
has been approved by the OJK through Letter No.SR-27/
PB.13/2016 dated 4 October 2016.
LIST OF CONSULTANTS AND ADVISORS
No Consultant Services
1 KarimSyah Legal consultancy related to sharia banking
2 Deloitte Taxation and Accounting Consultancy Services
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INTERNAL FRAUD AND SETTLEMENT EFFORTS
In 2023, there were no internal fraud cases involving more than Rp100,000,000,- (one hundred million Rupiah) in
accordance with the report of the Internal Audit Unit or the Anti-Fraud Management.
Number of cases committed by
Board of
Non-Permanent
Commissioners Permanent
Internal Fraud Cases Employee
and Board of Employee
Directors
2023 2022 2023 2022 2023 2022
Resolved - - 2 1 - -
In the Process of Internal Resolution - - - - - -
Unresolved - - - - - -
Followed-up by Legal Proceedings - - 1 - - -
Total Fraud - - 2 1 - -
LEGAL ISSUES (CIVIL AND CRIMINAL) AND SETTLEMENT EFFORTS
In 2023, the legal issues faced by the CIMB Niaga’s SBU involve only civil cases and no criminal cases as presented in the
following table:
Civil Criminal
Legal Cases
2023 2022 2023 2022
Settled cases (final and legally binding) 6 6 - -
Cases in the Settlement Process 12 9 - -
Total Cases Faced 18 15 - -
TRANSPARENCY OF FINANCIAL AND NON-FINANCIAL CONDITIONS
Transparency of financial and non-financial conditions of the SBU is carried out in conjunction with the Bank as described
in the Corporate Governance Report Chapter of this Annual Report.
NON-HALAL REVENUE AND ITS UTILIZATION
In 2023, non-halal revenue of Rp166,498,824.70 was generated from interest on conventional escrow accounts as
supporting account for sharia transactions, which are used for social purposes.
FUND DISTRIBUTION FOR SOCIAL ACTIVITIES
In 2023, CIMB Niaga’s SBU utilized Benevolent Funds for the following social objectives:
1. Productive Benevolent Fund of Rp38,500,000
2. Donation of Rp7,136,217,007
3. Other Uses for Public Interest Rp316,319,131
The use of Productive Benevolent Funds and Donations in collaboration with social humanitarian institutions, religious
institutions, and educational institutions has resulted in funding for 222 activities/programs totaling Rp7,174,717,007.
The distribution of funds is grouped into 5 (five) sectors with the following:
Distribution Sector Number of Activities Donation (Rp)
Economic Empowerment 13 718,813,000.00
Education 52 1,545,443,000.00
Infrastructure 79 2,288,069,730.00
Health 23 621,080,277.00
Social 55 2,001,311,000.00
Total 222 7,174,717,007.00
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A number of eminent programs with partner institutions • Education Fee Assistance - Ar-Rahman Watusalam
which are divided into five funding distribution sectors in Vocational School - Ar Rahman Watusalam
2023, include: Foundation.
Economic Empowerment • Tuition feesassistance for 15 disadvantaged students
• Business Capital Assistance & Procurement of for 4 months - Daar Qolam 3 Islamic Boarding School
MSME Carts in the Medan City area. There were 46 - Dza Izza Education Foundation.
beneficiaries who collaborated with Baznas Medan • Procurement of Educational and Sports Infrastructure
City. - Islam Teladan Madrasah Ibtidaiyah - Islam Teladan
• Assistance for the procurement of carts for Al-Maghfirah Foundation Palembang.
UMKM businesses. There were 28 beneficiaries in • Assistance for the Procurement of Learning and
collaboration with Laz Masjid Raya Bintaro Jaya. Sports Education Infrastructure - in the form of
• Providing business capital for potato cultivation. The Electronic & Non-Electronic Equipment - Dukuh
beneficiaries are 25 farmers in collaboration with the Semar I Cirebon Public Elementary School.
Baitulmaalku Foundation. • Assistance for the Procurement of Compulsory
• Assistance for the procurement of carts for UMKM School Learning Books and Educational Support
businesses in 4 areas of Serang, Jakarta, Bekasi and Books to the 4 distribution schools assisted by the OC
Bogor. There were 239 beneficiaries in collaboration MTR Branch - Jakarta A Region Area II.
with the Yatim Mandiri Foundation.
Infrastructure
Education • Construction and Expansion of the Cluster Sapphire
• Education Scholarship Assistance for Orphans and Al Hijrah Mosque.
Dhuafa - Darul Quran Mulia Foundation. • Assistance for the construction of new classrooms at
• Scholarship Assistance to Underprivileged Students - Diniah Nurul Firdaus Madrasah.
STIT Sirojul Falah, Medan Cerdas Program - Orphan • Construction of new classrooms and halls on
and Dhuafa Education Scholarship in collaboration Baiturrahim Foundation Bekasi Waqf land.
with Medan City Baznas. • Donation for the procurement of 1 corpse car to
• Scholarship Program for Undergraduate and Brilliant the Darul Maqobir Islamic Funeral Park Foundation
Vocational who request relief / Orphans and Dhuafa (TPUI).
and implemented starting in the Even semester of SY • Renovation & Maintenance of the Baitul Jannah
2022 / 2023 – Brawijaya University. Prayer Room.
• Educational Scholarship Program for Orphans & • Renovation and finishing of the prayer room at
Dhuafa – Bina Faqih Fiddiin Islamic Boarding School. the Miftahul Karomah Islamic Boarding School
• Purchase of Filing Cabinets, Classroom Cabinets, Foundation.
Teacher’s Desks, Teacher’s Chairs and Library Shelves • Construction of the Al Basyariyah Islamic Boarding
at MI Muhammadiyah 01 Pekanbaru. School Mosque.
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Transparency of Bad Governance Practices
Throughout 2023, CIMB Niaga did not take any actions or policies related to Bad Corporate Governance practices, in
line with the Bank’s efforts to implement the principles of Good Corporate Governance, as shown in the table below:
No Description Practice
1 Reports on Bank activities that pollute the environment Nil
2 Significant legal proceedings being faced by the Bank, subsidiaries, members of the Board of Directors and/or Nil
members of the Board of Commissioners who are currently serving are not disclosed in the Annual Report
3 Non-compliance in disclosing the fulfillment of tax liabilities Nil
4 Inconsistency in the presentation of the Annual Report and Financial Statements with applicable regulations and Nil
Financial Accounting Standards
5 Labor and employment cases Nil
6 No disclosure on the operating segments in the Financial Statement Nil
7 Inconsistency between the hardcopy and digital Annual Report Nil
Statement on Implementation of Good
Governance Principles
The Board of Directors, Board of Commissioners, and all All CIMB Niaga personnel will accept full responsibility
employees of CIMB Niaga stated that when conducting for implementing and complying with this statement.
business activities, they always adhere to the principles CIMB Niaga believes that by implementing Good
of Good Corporate Governance and have not committed Governance principles, the Bank can achieve better
any material violations of applicable laws and regulations. organizational performance and have a positive impact
In addition, CIMB Niaga is committed to implementing on all stakeholders.
GCG in accordance with applicable rules and regulations.
Didi Syafruddin Yahya Lani Darmawan
President Commissioner President Director
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08 Corporate Social
Responsibility
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592 Corporate Social
Responsibility
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Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management Corporate Social Responsibility Information on our activities related to social and environmental responsibility (TJSL) is provided in the 2023 Sustainability Report, which is published as a separate report and submitted concurrently with this Annual Report, in line with SEOJK 16/SEOJK.04/2021. The information in this Annual Report and the Sustainability Report 2023 are is complementary. 592 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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09 Other
Corporate Data
594 Office Network Addresses
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Office Network Addresses
HEAD OFFICE Cideng Kuningan Plaza
Jl. Cideng Barat No.61 - 61A, Jakarta 10150 Kuningan Plaza South Tower Suite 101
Jl. HR Rasuna Said Kav. C11-14
Graha CIMB Niaga Jakarta Selatan 1294
Jl. Jend. Sudirman Kav. 58 Roxy Mas
Jakarta Selatan 12190 Komp. Roxy Mas Blok B 1 No.4
Telp. : (021) 250 5151 - 5252- 5353 JL. KH. Hasyim Ashari No.125 Tempo Scan
Fax. : (021) 250 5205 Jakarta Pusat 10150 Tempo Scan Tower Lt.2.
Telex : 60876 nagaho ia, Jl. HR Rasuna Said Kav.3-4
60877 nagaho ia Metro Tanah Abang Jakarta Selatan 12950
Web : www.cimbniaga.com Banking Center Lantai 7 unit 20
E-mail : corporate.secretary Pusat Pertokoan PGMTA Jakarta 10240 Setiabudi
@cimbniaga.co.id Setiabudi building II lt.1 ruang 101b
Telex : 60875, 60876, 60877 Tanah Abang Blok A Jl. hr rasuna said kav. 62, kuningan
Swift : BNIDJA Gedung Pasar Tanah Abang Blok A Jakarta 12950
Lantai B1 (Basement 1) Los F
No.086 dan 087 Jakarta Pusat 10250 Pondok Indah Icon
Pondok Indah Office Park
Cempaka Putih 68 Gedung A Unit GF 01 & 101
CONVENTIONAL Jl. Letjend. Suprapto No. 68 Jl.Metro Pondok Indah Sektor 3
BRANCHES Jakarta Pusat 10520 Pondok Indah - Jakarta Selatan 12310
Metro Pondok Indah
DKI JAKARTA Jl. Metro Duta Niaga Pondok Indah Plaza I
SOUTH JAKARTA Blok II UA Kav. 67-69, Jakarta 12310
CENTRAL JAKARTA Graha CIMB Niaga
Graha Cimb Niaga jl. jend. sudirman kav. 58
Wisma Pondok Indah
Wisma Pondok Indah I Lt. Dasar suite G01
Sentral Senayan II Jakarta Selatan 12190
Jl. Sultan Iskandar Muda Kav. V - TA
Gedung Sentral Senayan II GF Unit No. 201 D
Pondok Indah Jakarta Selatan 12310
Jl. Asia Afrika No.8 Senayan Stock Exchange Building
Jakarta Pusat 10270 Gd. BEJ Tower 2 GF Suite G 03-04
Jl. Jend. Sudirman Kav.52-53, Jakarta 12190
Sultan Iskandar Muda
Jl. Sultan Iskandarmuda No.35 F
Senayan City Jakarta Selatan 12240
Mall Senayan City unit 6-04 lantai 6 Millennium Centennial Center
Jl. Asia Afrika Millennium Centennial Center
Jl. Jend Sudirman Kav. 25, Jakarta 12920
Arcadia Simatupang
Perkantoran Hijau Arcadia De Entrance Lt.2,
Plaza Sinar Mas Land Jl. TB Simatupang Kav. 88, Jakarta 12520
Plaza Sinar Mas Land Tower 3 GF Wisma Metropolitan
Jl. MH Thamrin No.51 Jakarta 10350 Wisma Metropolitan II
Jl. Jend. Sudirman Kav. 29-30, Jakarta 12920
South Quarter
South Quarter Dome Lantai LG 21-23
Jayakarta Jl. RA Kartini Kav. 8 Cilandak Barat
Jl. Pangeran Jayakarta 117 Blok A6-7 Jakarta Prudential Tower Jakarta Selatan 12430
Pusat 10730 Ground Floor Unit Office 2 & 6,
Jl. Jend. Sudirman Kav. 79, Jakarta 12910
Sentraya
Pintu Air Menara Sentraya Jl. Iskandarsyah II No.2
Jl. Pintu Air Raya No. 7 Blok A2-3 Menara Satrio Kebayoran Baru Jakarta 12160
Jakarta Pusat 10710 Menara Standard Chartered Unit GF 3-5
Jl. Prof Dr. Satrio Kav. 164 Karet Semanggi
Permata Hijau
Gajah Mada Setiabudi, Jakarta Selatan 12930
Jl. Komp.Permata Hijau
Jl. Gajah Mada No. 18 Jakarta 10130
Blok D No. 30 RT 15/RW 12
Tebet Jakarta Selatan 12210
Suryopranoto Jl. Prof Dr Soepomo 47 Kec. Tebet
Jl. Suryopranoto No.1-9 Kel. Tebet Barat, Jakarta Selatan 12810
Fatmawati 20
Komp. Delta Building Blok A No. 18
Jl. RS. Fatmawati No. 20 RT.001/03 Kel.
Jakarta Pusat 10160 L’Avenue Cipete Selatan Kec. Cilandak Jakarta Selatan
Gedung L’Avenue Jl. Raya Pasar Minggu 12410
Cikini Kav 16 Kel. Pancoran Kec . Pancoran
Jl. Cikini Raya No. 71A, Jakarta 10330 Jakarta 12780
Melawai
Jl. Melawai Raya No.50, Jakarta 12130
Gambir Mall Ambassador
Jl. Kwitang No.17-18 Gambir, Jakarta 10110 Ruko Mall Ambasador No.12 a
Jl. Satrio RT 08/03 jakarta 12950
Warung Buncit
Jl. Mampang Prapatan No.101, Jakarta 12790
Kebon Sirih
Jl. Kebon Sirih No.33, Jakarta 10340 Jakarta – World Capital Tower
World Capital Tower,
Kemang Raya 1
Jl. Kemang Raya No. 1 Bangka
Menteng Annex Ground Floor Unit 03,
Mampang Prapatan, Jakarta 12730
Jl. Hos Tjokroaminoto No.81 Jl. Dr. Ide Anak Agung Gde Agung Lot D,
Jakarta Pusat 10310 Kawasan Mega Kuningan, Jakarta Selatan
Pasar Minggu
Jl. Pasar Minggu KM.19 No.98C
Wahid Hasyim Jakarta Selatan 12510
Jl.Wahid Hasyim No. 177 A-B, Jakarta 10250
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Panglima Polim NORTH JAKARTA Rawamangun Arion
Jl. Panglima Polim Raya No.81 Arion Mall Ruang G 15
Kebayoran Baru Mangga Dua Rutex Jl. Pemuda Kav. 3-4, Jakarta Timur 13220
Ruko Textile Blok C6 No. 3
Bintaro Sektor I Jl. Arteri Mangga Dua Jakarta Utara 14430 Pasar Induk Cipinang
Jl. Bintaro Raya Blok E 15-16 Komplek Pasar Beras Cipinang
Bintaro Jaya Sektor I, Jakarta 12320 Kelapa Gading TN Blok HA.15-16 Cipinang, Jakarta Timur 13230
Jl. Bulevard Raya Blok TN II No. 1-4
Kelapa Gading, Jakarta Utara 14240 Pasar Induk Kramat Jati
WEST JAKARTA Ruko Pasar Induk Kramat Jati
Kelapa Gading LB Jl. Raya Bogor Uniko D2 No.17 & 18
Jakarta Timur 13510
Sawah Besar Jl. Boulevard Raya LB 3 No. 34-36
Jl. S. Wiryopranoto No. 9, Jakarta Barat 11160 Kelapa Gading 14240
Cibubur Indah
Bukit Gading Indah Cibubur Indah Blok B no.1
Lindeteves Trade Center
Jl. Bukit Gading Raya Blok G/28 Jl. Raya Lapangan Tembak 21, Jakarta 13720
Gedung lindeteves trade center GF-2
blok RA 38 & 39 Kelapa Gading Barat, Jakarta Utara 14240
Jl. hayam wuruk No.127
Sunter WEST JAVA
Kota Jl. Sunter Paradise Blok F 20 No. 1-2 Sunter
Jl. Kopi No.12, Jakarta Barat 11230 Jakarta Utara 14350
BANDUNG
Hayam Wuruk Tanjung Priok
Jl. Hayam Wuruk No. 87, Jakarta 11150 Jl. Enggano Blok C Kav.11-I Asia Afrika
Kel. Tanjung Priok kec. Tanjung Priok Jakarta Wisma CIMB Niaga
Utara 14320 Jl.Jend Gatot Subroto No.2, Bandung 40262
Pintu Kecil
Jl. Pintu Kecil No. 28 - 29, Jakarta Barat 11230
Pluit Setiabudi
Jl. Pluit Sakti Raya No.113-115 Jl. Setiabudi No.57
Tomang Tol Kec. Sukasari Kel. Gegerkalong
Jl. Taman Kedoya Baru No.8 Kedoya Selatan Jakarta Utara 14450
Bandung 40153
Jakarta Barat 11520
Jembatan Dua
Kompleks Robinson-Jembatan Dua Lembang
Green Garden Jl. Raya Lembang No. 274, Lembang 40391
Komp. Ruko Green Garden Blok I-9 No.11 Jl. Jembatan Dua Raya Blok BJ - BL No.82
Kec. Kebon Jeruk Kel. Kedoya Utara Jakarta Utara 14450
Jakarta Barat 11520
Astana Anyar
Muara Karang Jl. Astana Anyar No.115
Jl. Muara Karang Raya No.35-37 Kec. Astanaanyar Kel. Cibabat
Jakarta - Puri Indah Bandung 40241
Komp. Ruko Sentra Niaga Puri Indah Jakarta Utara 14450
Blok T1 No.26-27 Jakarta Barat 11610
Pantai Indah Kapuk Pajajaran
Metro Broadway The Plaza Blok 9 AE-AF, Jl. Pajajaran No.85 Kel. Arjuna Kec. Cicendo
Kebon Jeruk Intercon Bandung 40173
Komp. Intercon Plaza Blok F 12 - 12A Jl. Pantai Indah Utara 2, Kel. Kapuk Muara,
Meruya Ilir Jakarta Barat 11630 Kec. Penjaringan, Jakarta Utara 14460
Dago
Teluk Gong Jl. Ir. H. Juanda No. 165
Wisma Slipi Kel. Lebak Siliwangi Kec. Coblong
Gedung Wisma Slipi lt.1 Komp. Duta Harapan Indah
Jl. Kapuk Muara Blok D No.3 Bandung 40115
Jl. Letjend. S. Parman Kav.12
Jakarta Barat 11480 Jakarta Utara 14460
Kota Baru Parahyangan
Bumi Paranggelung - Businees & Office Park
Mall Taman Anggrek Jalan Panyawangan Kav. 6 A Nomor 5A-B
Mal Taman Anggrek GF LOT VII EAST JAKARTA Kota Baru Parahyangan, Padalarang
Jl. S. Parman Kav.21 Jakarta Barat 11470
Kalimalang Otista
Central Park Mall Jl. Tarum Barat Blok Q No. 2 Kalimalang
Jl. Otto Iskandar Dinata No.102
Central Park Mall LG Unit L-218 Jakarta 13450
Bandung 40181
Jl. S. Parman Kav. 28 Jakarta 11470
Matraman Riau
Daan Mogot Ruko Perkantoran Mitra Matraman
Jl. RE Martadinata No. 134, Bandung 40113
Jl. Daan Mogot No. 6 E & F Blok A1&2 Kel. Kebon Manggis,
Jakarta Barat 11510 Kec. Matraman, Jakarta Timur 13150
Lembong
Jl. Lembong No. 7, Bandung 40111
Jembatan Lima Jatinegara
Jl. KH. M. Mansyur 79 - 79A, Jakarta 11250 Komplek Bonagabe Blok A3-A4
Jl. Raya Jatinegara Timur No. 101 Sumber Sari
Jakarta Timur 13430 Jl. Soekarno Hatta No. 132 A, Bandung 40222
Tomang Raya
Gedung Rabana Lt. Dasar & 1
Jl. Tomang Raya No.48 A, Jakarta Barat 11430 Rawamangun Pratama Kopo Bihbul
Gedung Pratama Jl. Kopo Bihbul No. 94, Bandung 40228
Jl. Pemuda No. 296 Rawamangun
Citra Garden 1
Perum. Citra Garden I Blok I 1 No.15
Jakarta 13220 Buah Batu
Jl. buah batu No.143, Bandung
Kalideres Jakarta Barat 11840
Pulo Gadung
Wisma Barito Pacific II Jl. Rawa Terate II Gd. Poliklinik PT GIEP Ahmad Yani
Kawasan Industri Pulogadung Jl. Terusan Jakarta B1 No. 77 H
Gedung Wisma Barito Pacific II,
Jakarta Timur 13930 Komp. Lucky Plaza, Bandung 40292
Jl. Let. Jend. S. Parman,Kav. 62-63, Kel. Slipi,
Kec. Palmerah, Jakarta Barat 11410
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Lingkar Selatan Cileungsi Samsung
Jl. Peta No.65 Bandung 40243 Jl. Raya Narogong Cileungsi Samsung Electronic Indonesia
Ruko Griya Kenari Mas Blok I No. 20-21 Jl. Jababeka Raya Blok F 29-33
Cileungsi 16820 Cikarang Bekasi 17520
GARUT
Juanda
Ahmad Yani Jl. Ir. H. Juanda No. 12, Bogor 16121 KARAWANG
Jl. Jend. Ahmad Yani No.29 Garut 44117
Plaza Niaga Sentul Tuparev
Plaza niaga sentul 1 blok a No.1, sentul city Jl. Tuparev No.150 Kel. Nagasari Kec.
Kemenag Kabupaten
Jl Pahlawan No.65, Sukagalih, Karawang Kab. Karawang Jawa Barat 41312
Kec. Tarogong Kidul, Kab. Garut, Cibubur Kota Wisata
Jawa Barat 44151 Kota Wisata Cibubur Boulevard
Kota Wisata Komp. Ruko Sentra Eropa SUKABUMI
Type ruko Travalgar Square blok SE G No.1 & 2
Kel. Ciangsana Kec. Gunung Putri
CIMAHI Bogor 16968
Martadinata
JL. RE. Martadinata No. 72 Sukabumi 43112
Borma Dakota
Jl. Dakota Raya No.109
Kel. Sukaraja Kec. Cicendo Bandung 40175
DEPOK BANTEN
Raya Tagog Cinere
Jl. Raya Cinere No. 3 H - 3 I CILEGON
Jl. Raya Tagog No.256, Cimahi 40525
Kec. Limo Kab. Bogor Ds. Cinere
Depok 16514 Cilegon - City Square
Ruko Cilegon City Square
CIANJUR Margonda Blok A Kav. No. 9 & 10 Kec. Cibeber
Jl. Margonda Raya No. 243, Depok Kel. Kedaleman, Cilegon 42400
Cokroaminoto
Jl. HOS Cokroaminoto No.102
Cisalak
Kel. Muka Kec. Cianjur, Cianjur 43215
Jl. Raya Jakarta Bogor Km 31 RT 01/06 TANGERANG
Cisalak Pasar Depok 16953
Gading Serpong
PURWAKARTA Jl. Gading Serpong Boulevard BA 02
BEKASI No. 28 & 29, Gading Serpong
Veteran
Jl. vetaran No.83, Purwakarta
Pondok Gede Tangerang City
Ruko Pondok Gede Blok H 11-12 Office Sudirman One Blok H 12
Jl Raya Pondok Gede No.1, Bekasi 17411 Jl Jend. Sudirman No 1, Tangerang 15117
CIREBON
Cibubur Citra Grand Kondominium Golf Karawaci
Yos Sudarso Citra Grand Cibubur Blok R1/06 Bogor 17435 Kondominium Golf Karawaci
Jl. Yos Sudarso No.26, Cirebon 45111 Jl. Jend Sudirman BLVD 2890 Lippo Karawaci
Tangerang
Lippo Cikarang
Balong Indah Plaza Gd Menara Pacific lantai dasar
Balong Indah Plaza Jl. Pekiringan No.166 Jl. MH Thamrin Lippo Cikarang, Bekasi 17550 Pinangsia
Cirebon 45111 Ruko Pinangsia Blok B 1 Jl. Imam Bonjol
Karawaci, Tangerang 15139
BEFA Square
Siliwangi Gedung Befa Square Unit G-D & 1-H
Jl. Siliwangi No. 110, Cirebon 45123 Kawasan Industri MM2100 Cikarang Barat Daan Mogot
Bekasi 17842 Jl. Daan Mogot No. 58, Tangerang 15111
TASIKMALAYA Jababeka Taman Cibodas
Jl. Niaga Raya Unit 2O & 2P Capitol Business Duta Mas Plaza BlokA 33
Park Desa Pasir Sari Kec. Cikarang Selatan Jl. Raya Gatot Subroto Km 4
Yudanegara Perum. Taman Cibodas, Tangerang 15138
Kab. Bekasi, Jawa Barat 17550
Jl. Yudanegara No.61, Tasikmalaya 46121
Kemang Pratama Kisamaun
HZ Mustofa Jl. Kisamaun No.40-42, Tangerang
Ruko Kemang Pratama Blok MM-21F Jl.
Jl. HZ Mustofa No.282, Tasikmalaya 46110
Kemang Pratama Rawalumbu Bekasi 17116
Green Office Park
Summarecon Green Office Park 1 Lt GF
BOGOR Komplek Graha Boulevar Summarecon Jl. BSD Grand Boulevard BSD
Bekasi Blok GB/B-5 Kel. Harapanmulya Green Office Park BSD City Desa Sampora
Padjajaran Kec. Medan Satria Bekasi, Jawa Barat 17143 Kecamatan Cisauk, Tangerang 15345
Jl. Pajajaran No. 33, Bogor 16128
Juanda LG Cirarab
V Point Jl. Ir. H. Juanda No. 137 Bekasi 17140 Jl. Tabri No.1 Desa Cirarab Bitung
Ruko V Point Jl. Pajajaran No. 1 ZA & ZB Tangerang 15820
Kec. Bogor Timur Kel. Sukasari, Bogor 16142
LG Cibitung
Kawasan Industri MM2100
Mayor Oking Jl. Jawa Blok G Ganda Mekar SOUTH TANGERANG
Jl. Mayor Oking No.27 Blok A 4-6 Cikarang Barat Bekasi 17520
Cibinong 16900 Alam Sutera Icon
Cikarang Hankook Synergi building (d/h alam sutera office
Jl. Kenari Raya Blok G3 No.1 Delta Silicon 5. tower) LG dan UG
Lippo Cikarang 17550 jl. jalur sutera barat kav.17 alam sutera
serpong - tangerang 15325
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Bintaro Griya Niaga PATI PURBALINGGA
Griya Niaga II Jl. Wahid Hasyim
Blok B-IV No.3 Bintaro Jaya Sektor VII Sudirman
Tangerang 15224 Kemenag Kabupaten
Jl. Panglima Sudirman No.1-H, Puri, Kec. Pati, Jl. Jend. Sudirman No.37 Purbalingga
Kab. Pati, Jawa Tengah 59113 Kec. Purbalingga Kel. Purbalingga Kulon
Ciledug Purbalingga 53312
Perum Pondok lestari Blok A I No.37
Jl. Raya Cileduk, Tangerang 15157
MAGELANG
SALATIGA
ITC BSD Rejotumoto
ITC BSD Ruko ITC BSD No. 26 & 27
Jl. Pahlawan Seribu Kec. Serpong
Jl. Tidar Rejotumoto No. 16, Magelang 56151 Sudirman
Jl. Jend. Sudirman 93, Salatiga 50711
Kel. Lengkong Wetan, Tangerang 15322
Pasar Modern BSD PURWOREJO
Ruko Golden Madrid Blok C No.7 SOLO
Bumi Serpong Damai, Tangerang 15318 Achmad Dahlan
Jl. KH Achmad Dahlan No.66 Rt 01 RW 12 Slamet Riyadi 8
Pamulang Kel. Purworejo Kec. Purworejo Jl. Slamet Riyadi No. 8, Solo 57111
Jl. Siliwangi Blok D2/4, Kel. Pamulang, Purworejo 54111
Kec. Ciputat, Tangerang Selatan, Manahan
Banten, 15417 Jl. L.U. Adisutipto No. 21 Kel. Manahan
KLATEN Kec. Banjarsari, Solo 57139
CENTRAL JAVA Pemuda Slamet Riyadi 136
Jl. Pemuda No. 57 , Bareng Kidul, Jl. Slamet Riyadi 136 Solo 57131
Kec. Klaten, Kab. Klaten,
SEMARANG Jawa tengah 57414 Kartasura
Jl. Ruko Kartasura Blok B 3-4
Pemuda 102 Kartasura 57168, Solo
Jl. pemuda 102-104, semarang 50133
TEGAL
Mesen Square
Gatot Subroto Ruko Messen Square No.3-4
Kawasan Industri Candi Sudirman
Jl. Jend Sudirman No.34 Kel. Pekauman Jl. Urip Sumohardjo Kel. Purwodiningkatan
Jl Gatot Subroto Blok F1 / VIII, Semarang Kec. Jebres Solo 57128
50181 Kec. Tegal Barat, Tegal 52113
Slawi Palur
Kaligawe Jl. Raya Palur KM 7 No. 8A Kel. Ngringo
Jl. Raya Kaligawe KM 4 No.B11 Jl. Mayjen Sutoyo 14 Kel. Kagog
Kec. Slawi Wetan, Slawi 52411 Kec. Jaten Karanganyar, Solo 57771
Semarang 50111
Solo Baru
Mataram Jl.Raya Solo Baru AB No. 4 Kel. Langen Harjo.
Jl. M.T. Haryono 627 Kel. Sarirejo CILACAP Kec. Grogol Sukoharjo Jawa Tengah 57552
Semarang 50124
Sudirman
ATMI
Siliwangi JL. Jend Sudirman No. 20 Kel. Sidanegara
ATMI Jl. Mojo No. 1 Karangasem Laweyan
Jl. Jend. Sudirman No. 138 Kel. Cabean Kec. Cilacap Tengah, Cilacap 53223
Solo 57142
Kec. Semarang Barat Semarang 50141
Pasar Klewer
Pandanaran PEKALONGAN Komplek Pasar Tradisional Klewer
Jl. Pandanaran No.62, Kel. Pekunden, Kec. Blok EE 38 - EE 43,
Semarang Tengah, Semarang 50134 Hayam Wuruk Jl. Dr, Radjiman, Solo 57155.
Jl. Hayam Wuruk No. 3, Pekalongan 51119
Candi
Jl. Sultan Agung No. 121, Semarang 50235
DEMAK
KEBUMEN
Ungaran Kemenag Kabupaten
Jl. Gatot Subroto No. 106 D, Semarang 50517 Pahlawan Kantor Kemenag Demak
Jl. Pahlawan No.120 Kab. Kebumen Jl. Bhayangkara Baru, Genggongan,
Cendrawasih Kel. Kebumen Kec. Kebumen Mangunjiwan, Kec. Demak, Kab. Demak,
Jl. Cendrawasih Kebumen 54311 Jawa Tengah 59515
Kompleks Pertokoan Jurnatan B No.1
Semarang 50137
JEPARA D.I. YOGYAKARTA
KUDUS Diponegoro
Jl. Diponegoro No. 91, Jepara 59211 KOTA YOGYAKARTA
Agil Kusumadya
Jl. Agil Kusumadya No. 5A, Kudus 59343 Sudirman 50
Jl. Jend. Sudirman No. 50, Yogyakarta 55233
WONOSOBO
Ahmad Yani
Jl. A.Yani No. 31 Kudus 59317
Ahmad Yani Gejayan
Jl. Gejayan No. 26A, Yogyakarta 55221
Jl. A. Yani, Wonosobo 56318
Parang Tritis
Jl. Parangtritis 115 D Kel. Mergangsang
Kec. Brontokusuman, Yogyakarta 55153
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Sudirman 13 Rungkut KEDIRI
Jl. Jend. Sudirman 13, Yogyakarta Jl. Rungkut Madya No. 95 Kel. Rungkut Kidul
Kec. Gunung Anyar, Surabaya 60293 Kediri - Diponegoro
RS Panti Rapih Jl. Diponegoro No. 16 Kel. Balowerti
RS Panti Rapih Jl. Cik Ditiro No. 30 Pasar Atom Kec. Kota, Kediri 64121
Yogyakarta 55223 Pasar Atom tahap IV G.07-08,
Surabaya 60161
MADIUN
SLEMAN Tunjungan
Jl. Tunjungan No. 47 Kec. Genteng Pahlawan
Kel. Genteng RT / RW 01 / X, Surabaya 60275
Godean Jl. Pahlawan No. 56 Madiun 63121
Jl. Godean KM 4 Desa Nogotirto
Kec. Gamping Kab. Sleman, Yogyakarta Tidar
Jl.Tidar 23-25 Surabaya 60251 BOJONEGORO
Universitas Sanata Pahingan
Kampus Univ. Sanata Dharma Pahingan Bukit Darmo Gajah Mada
Yogyakarta 55282 Ruko Office Park II Jl. Gajahmada No. 99 Bojonegoro 62115
Jl. Bukit Darmo Golf Blok B2 No 09, Surabaya
EAST JAVA Sungkono BONDOWOSO
Jl. Mayjen Sungkono No 93, Surabaya 60187
SURABAYA Wahid Hasyim
Jl. KH Wahid Hasyim No 195 RT 002 RW 001,
SIDOARJO Kel. Bindungan, Kec. Bondowoso
Darmo Kabupaten Bondowoso 68212
Jl. Raya Darmo No. 26, Surabaya 60264 Ahmad Yani
Jl. A.Yani No. 40 C Kel. Sidokumpul
Diponegoro Kec. Sidoarjo Sidoarjo 61212
BANYUWANGI
Jl. Raya Diponegoro 70, Surabaya
Sudirman
Manyar Mega Indah MALANG Jl. PB Sudirman 23-25, Banyuwangi 68416
Pertokoan Manyar Mega Indah
Jl. Ngagel Jaya Selatan G-3, Surabaya 60283
Basuki Rachmad
Jl. Basuki Rachmad No. 26-28 Kel. Kauman
Manyar Kertoardjo Kec. Klojen, Malang 65119
SITUBONDO
Jl. Manyar Kertoarjo V No. 75-77
Kel. Mojo Kec. Gubeng, Surabaya 60285
Galunggung Sepudi
Jl. Sepudi No 15 A, Situbondo 68322
Jl. Galunggung No. 58 Kec. Klojen
Klampis Kel. Gadingkasri, Malang 651169
Jl. Klampis Jaya No. 27E Kel. Klampis Ngasem
Kec. Sukolilo, Surabaya 60117
Kepanjen TULUNGAGUNG
Jl. A.Yani No.6 Kel. Kepanjen Kec. Kepanjen
Dharmahusada Kepanjen 65163 Sudirman
Jl. Dharmahusada No. 142 Surabaya Jl. Panglima Sudirman No.79 Kel. Kepatihan
Kel Mojo Kec Gubeng, Surabaya 60282 Kec. Tulungagung, Tulungagung 66219
ITN
Jl. Bendungan Sigura-gura No. 2
Kembang Jepun Malang 65145
Jl. kembang jepun No.129 JOMBANG
Merdeka
Mulyosari JL. Merdeka Timur No.4 Kel. Kidul Dalam Ahmad Yani
Jl. Raya Mulyosari No. 166, Surabaya 60112 Kec. Klojen Malang 65119 Jl. A. Yani No. 36 Kec. Jombang Kel. Jombang
Jombang 61400
Pakuwon City
Pakuwon Town Square (PATOS) GRESIK
Blok AA 02-002 Pakuwon City MOJOKERTO
Kel. Kejawan Putih Tambak Kec. Mulyorejo
Surabaya 60112
Kartini
Jl. R.A. Kartini No. 236 Kav. 2 & 3 Mojopahit
Kel. Sidomoro Kec. Kebomas, Gresik 61122 Jl. Mojopahit No. 256 Kel. Mentian
Perak Kec. Prajurit Kulon, Mojokerto 61323
Jl. Perak Barat 121 Kec. Krembangan
Kel. Perak Barat, Surabaya 60177
Kemenag Kabupaten
Kantor Kementrian Agama Kabupaten
Kapas Krampung
Gresik, PASURUAN
Jl. Jaksa Agung Suprapto No.39, Sumursango,
Jl. Kapas Krampung No. 71-A Kel. Rangkah Kel. Bedilan, Kec. Gresik, Kab. Gresik 61111
Kec. Tambak Sari, Surabaya 60135 Soekarno Hatta
Jl. Soekarno Hatta No. 25, Kec. Panggungrejo,
Kel. Trajeng, Pasuruan
Pucang Anom LAMONGAN
Jl. Pucang Anom No. 27
Kel. Kertajaya Kec. Gubeng, Surabaya 60282 LUMAJANG
Lamongrejo
Jl. Lamongrejo No. 68 Lamongan
Sudirman Kel. Sidokumpul Kec. Lamongan 62213
Sudirman
Jl. Jend. Sudirman No. 59-61, Surabaya 60271 Jl. Panglima Sudirman Pasar Plaza
Ruko Blok A - 11 Kel. Tompokersan
Andayani Kec. Lumajang 67311
Jl. Jemur Andayani No. 53-A, Surabaya 60237
JEMBER
Diponegoro
Jl.Diponegoro No. 36, Jember 68111
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NGAWI Yos Sudarso Imam Bonjol
Jl. Yos Sudarso 225-J Kel. Pulo Brayan Kota Jl. Imam Bonjol No 21, Kel. Belakang Pondok,
Sultan Agung Kec. Medan Barat, Medan 20116 Kec. Padang Selatan, Padang, 25211
Jl. Raya Sultan Agung No.98 Kel. Ketanggi
Kec. Ngawi, Ngawi 63211 Pemuda
Jl. Pemuda No.14-AB, Medan 20117 JAMBI
PONOROGO AR Hakim Jambi Sutomo
Jl. ar.hakim 70-72, Medan 20216 Jl. Dr. Sutomo No.31, Jambi 36113
Gajah Mada
Jl. Gajah Mada No 11 Kel. Kepatihan Bandung
Kec. Ponorogo Ponorogo 63416 Jl. bandung 42-44, Medan 20212 RIAU ISLANDS
Asia BATAM
BLITAR Jl. Asia No. 108, Medan
Sei Panas
Merdeka KS Tubun Komp. Executive Center Blok I No. 1 ABC
Jl. Merdeka No. 111 Kel. Kepanjenkidul Jl. Aip II Ks.Tubun 1-3, Medan 20111
Jl. Laksamana Bintan Sei Panas Batam 29432
Kec. Kepanjenkidul, Blitar 66112
Icon Batamindo
Gedung Wisma Global Jl. Listrik/Jl. Imam
Plaza Batamindo Lt.1 No.A1-3.
Bonjol/Jl.Mayjend Sutoyo Siswomiharjo
BALI Medan 20112
Jl. Rasamala 20 Muka Kuning Sei Beduk.
Batam 29433
DENPASAR Polonia Nagoya
Hotel Polonia Jl. Sudirman 14, Medan 20152
Kompleks Lumbung Rezeki Blok G 6 7 8
Thamrin Jl. Sultan A. Rahman Batam 29422
Jl. MH. Thamrin No 77, Denpasar 80119 Juanda
Jl. Ir. H. Juanda No. 29A Kec. Medan Polonia
Kuta Graha Adhya Building
Kel. Sukadamai, Medan 20152
Adhya Building Batam
Jl. By Pass Ngurah Rai No 88, Kuta 80361
Komp. Ruko Permata Niaga, Batam 29462
Gatot Subroto
Nusa Dua Jl. Gatot Subroto 187-AB, Medan 20112
Botania
Komplek Pertokoan Tragia Blok E III No 29
Komp. Pertokoan Botania Blok A2 No.1 Kel.
Nusa Dua, Bali 80363
Berlian Kec. Batam Kota Riau 29464
DELI SERDANG
Sanur Penuin Centre
Komplek Pertokoan Sanur Raya
Jl By Pass Ngurah Rai 29-30 Kel. Sanur
Cemara Asri Penuin Centre Blok F No.11
Jl. Cemara Boulevard No. G1-11 dan G1-11A
Kec. Denpasar Selatan, Sanur 80228
Komplek Cemara Asri Kel. Sempali
Kec. Percut Sei Tuan Kab. Deli Serdang
Melati PANGKAL PINANG
Jl. Melati No. 29 Denpasar
Kel. Dangin Puri Kaja Kec. Denpasar Utara Masjid Jamik
Denpasar 80233 TEBING TINGGI Jl. Masjid Jamik Kel. Masjid Jamik
Kec. Rangkui Pangkal Pinang - Bangka 33132
Ubud Sudirman
Jl. Raya Andong Desa Peliatan Kec. Ubud Jl. Sudirman 175-BC, Tebing Tinggi 20611
Kab. Gianyar 80571 TANJUNG PINANG
Canggu RANTAU PRAPAT Merdeka
Jl. Subak Sari, Desa Tibubeneng, Jl. Merdeka no 11 Kel. Tanjungpinang Kota
Kec. Kuta Utara, Kab. Badung, Bali 80361 Ahmad Yani Kec. Tanjungpinang
Jl. Ahmad Yani No.73 C-D Labuhan Batu Kota Tanjung Pinang 29111
Sumatera Utara 21412
NORTH SUMATERA
RIAU
PEMATANG SIANTAR
MEDAN DUMAI
Merdeka
Bukit Barisan Jl. Merdeka 5, Pematang Siantar 21117 Sultan Syarif Qasim
Jl. Pos (d/h Bukit Barisan ) No. 07 Jl. Sultan Syarif Qasim No.177
Medan 20111 Kec. Dumai Timur Kel. Bintan, Dumai 28811
BINJAI
M Yamin Duri
Jl. Prof.HM.Yamin SH 80, Medan 20231 Jl. Hangtuah No. 692 Kec. Mandau
Sudirman
Jl. jend sudirman No.348-350, Binjay Kel. Air Jamban, Duri 28884
Gajah Mada
Jl. gajah mada No.11, medan 20153
PEKANBARU
Marelan WEST SUMATERA
Jl. Marelan Raya No. 8 Pasar IV
Sudirman
Yamin Jl. jend. sudirman 163-165
Kec. Medan Marelan Kel. Rengas Pulau
Marelan 20255 Jl. Moh. Yamin No.148, Kel. Olo,
Kec. Padang Barat, Padang 25117 Tuanku Tambusai
Jl. Tuanku Tambusai 320-H Kec. Tampan
Sutomo Ujung Kel. Labuh Baru, Pekanbaru 28291
Jl. Sutomo Ujung 247-249 Kel. Durian
Kec. Medan Timur, Medan 20235
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Riau SOUTH KALIMANTAN Bandang
Ruko Jl. Riau No.20B Jl. Bandang No. 10-12, Makassar 90155
BANJARMASIN
Panam Panakukang
Komp. Metropolitan Blok C No.116 Jl. Raya Boulevard Ruko Rubby No.2
Jl. HR Subrantas Panam, Pekanbaru 28294
Pangeran Samudera Panakukang, Makassar 90231
Jl. Pangeran Samudera No.26
Banjarmasin 70111
SOUTH SUMATERA MALUKU
BANJARBARU
PALEMBANG AMBON
Ahmad yani
Sudirman Jl. A. Yani KM 35 RT 005 RW 001 Sam Ratulangi
Jl. Jend. Sudirman No. 132 B Kec. Ilri Timur I Kel. Guntung Paikat Kec. Banjarbaru Selatan Jl. Sam Ratulangi No.89 Kel. Honipopu
Kel. 20 Ilir I, Palembang 30129 Banjarbaru Kec. Sirimau, Ambon 96127
Kolonel Atmo
Jl. kolonel atmo No.591, Palembang 30125 WEST KALIMANTAN PAPUA
Mesjid Lama PONTIANAK JAYAPURA
Jl. mesjid lama No.110-111, Palembang
Tanjungpura Pasifik Permai
Jl. Tanjungpura, Pontianak 78117 Komp. Jayapura Pasifik Permai D9 - 10
LAMPUNG Kel. Bhayangkara Kec. Jayapura Utara
Sultan Abdurrahman Jayapura 99112
Malahayati Jl. Sultan Abdurrahman No.2-3 Kel. Akcaya
Jl. Laks. Malahayati No. 34-40 Kec. Pontianak Selatan, Kalimantan Barat
Lampung 35224 MIMIKA
Tanjung Karang KETAPANG Kuala Kencana
Jl. Jendral Sudirman No.7C-7D Bandar Kuala Kencana Center Suite 103 Timika
Lampung 35118 Papua 99920
MT Haryono
Jl. Letnan Jendral M.T. Haryono No.138 A
Kel. Tengah Kecamatan Delta Pawan Budi Utomo
CENTRAL KALIMANTAN Kab. Ketapang, Kalimantan Barat 78812 Jl. Budi Utomo No.99B RT 9 RW Kel. Inauga
Kec. Wania, Mimika 99910
Murjani
Jl. Dr.Murjani No.9 Rt 1 Rw 7 Kel. Pahandut NORTH KALIMANTAN Ridge Camp
Kec. Pahandut, Palangkaraya 73112 Plaza Agawaa Ogom Lt 3 Ridge Camp
Tembagapura Timika 99967
TARAKAN
EAST KALIMANTAN Tembagapura I
Karang Anyar Single Shoping Mile 68 Tembagapura
Jl. Mulawarman 32-34 Kel. Karang Anyar Timika - Papua 99930
BALIKPAPAN Kec. Tarakan Barat Tarakan
Kalimantan Utara77111 Tembagapura II
Ahmad Yani
Family Shoping Mile 68 Tembagapura
Jl. Jend. Ahmad Yani No. 83
Timika - Papua 99930
Kel. Gunung Sari Ilir Kec. Balikpapan Tengah
Balikpapan 76121 SOUTHEAST SULAWESI
Ruko Baru KENDARI WEST NUSA TENGGARA
Komp. Balikpapan Baru Blok B2 No.2
Jl.MT. Haryono Komp.Bpp.Baru Mandonga MATARAM
Kelurahan Damai Jl. Drs. H. Abdullah Silondae No 129
Kecamatan Balikpapan Selatan Kendari 93111
Balikpapan 76114 Pejanggik
Jl. Pejanggik No. 107 A 107 B Cakranegara
Kota Mataram, Nusa Tenggara Barat 83239
MT Haryono NORTH SULAWESI
Ruko Jl. MT Haryono 10 I - 10 J
Kelurahan Damai
Kecamatan Balikpapan Selatan MANADO EAST NUSA TENGGARA
Balikpapan 76114
Walanda Maramis
Jl. Walanda Maramis No.137 KUPANG
SAMARINDA
Mega Mas Lalamentik
Jl. Pierre Tendean Kawasan Jl. Wj Lalamentik, Kupang
KH Khalid Ruko Mega Mas Blok 1c No.5-6
Jl. KH. Khalid No.32, Samarinda 75111
Manado 95111
Simpang Merak
Komplek Ruko Simpang Merak
Jl. S. Parman Blok C-24, Samarinda 75117 SOUTH SULAWESI
Bung Tomo MAKASSAR
Jl. bung tomo RT 13, Samarinda
Ahmad Yani
Jl. Ahmad Yani No. 33, Makassar 90174
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SHARIA BRANCHES SEMARANG BANJARMASIN
HEAD OFFICE Pemuda 21B Ahmad Yani (Co-location)
Jl. Pemuda No. 21b, Semarang 50139 Jl. A Yani Km 25 no 56, Banjarmasin
Menara Sudirman
Gd. Menara Sudirman Jl. Jend. Sudirman Kemenag Kota
Kav. 60 - Jakarta Selatan Kantor Kementerian Agama Kota Semarang, SAMARINDA
Jl. Untung Suropati, Kalipansur, Ngaliyan,
Kota Semarang, Jawa Tengah, 50183
Juanda
JAKARTA Jl. Ir. H. Juanda No.216C, Samarinda
SOLO
Sentraya (Co-location)
Menara Sentraya Jl. Iskandarsyah II No.2 JAMBI
Slamet Riyadi 136 (Co-location)
Jl. Slamet Riyadi 136 Solo 57131
Sutomo (Co-location)
BOGOR Jl. Dr. Sutomo No.31 Jambi 36113
YOGYAKARTA
Juanda (Co-location)
Jl. Ir. H. Juanda No. 12 Bogor 16121 LAMPUNG
Sudirman (Co-location)
Jl. jend. sudirman No.50, Yogyakarta
Hasanudin
TANGERANG Jl. Hasanudin No.90E, Bandar Lampung
SIDOARJO
Serpong (Co-location)
Jl. Gading Serpong Boulevard Ba 02 No.28 & LHOKSUMAWE
29 Gading Serpong Tangerang Banten Kemenag Kabupaten
Kantor Kementrian Agama Kabupaten
Suka Ramai
Sidoarjo, Jl. Mongisidi No.3, Sidoklumpuk,
Kemenag Kota Sidokumpul, Kec. Sidoarjo, Kab. Sidoarjo,
Jl. Suka Ramai No.24, Lhokseumawe
Gedung Pelayanan Haji Jawa Timur 61218
Kantor Kementrian Agama Kota Tangerang,
Jl. Jendral Ahmad Yani No.8, Sukarasa, BANDA ACEH
Kota Tangerang 15111
SURABAYA
Peunayong
Jl.Sri Ratu Safiatuddin No.33-35-37 Kel.
BANDUNG Darmo (Co-location) Peunayong Kec. Kuta Alam Banda Aceh
Jl. Raya Darmo No. 28 Surabaya 60264
Aceh 23122
Lembong (Co-location)
Jl. Lembong No. 7 Bandung 40111 Kemenag Kota
Gedung Pelayanan Haji
Kantor Kementerian Agama Kota Surabaya
PALEMBANG
Kemenag Kota Jl. Masjid Agung Timur No. 4 Gayungan
Kantor Kementrian Agama Kota Bandung Surabaya Letkol Iskandar
Jl. Soekarno Hatta no.498 Batununggal Jl Letkol Iskandar 24 Ili Palembang
Bandung Kidul Kota Bandung
Jawa Barat 40266
MALANG PEKANBARU
Kemenag Kabupaten
Jl. Adipati Agung No 42 Baleendah Kemenag Kabupaten Sudirman
Kab. Bandung Kemenag Kabupaten Malang, Jalan Kolonel Jl. Jend. Sudirman No. 255 CD
Sugiono No.266, Gadang Kec.Sukun, Pekanbaru 28112
Malang, 65149
BEKASI
Ahmad Yani PADANG
Jl. A. Yani No.18 - E, Kel. Blimbing,
Kemenag Kabupaten Kec. Blimbing, Malang 65125
Komplek Pemda Blok E-3,Sukamahi, Yamin (Co-location)
Kec. Cikarang Pusat, Kab. Bekasi, Jl. Moh. Yamin No.148, Kel. Olo,
Jawa Barat 17530 Kec. Padang Barat, Padang 25117
BALI
CIREBON Dewi Sartika MEDAN
Jl. Dewi Sartika Blok I F-G Komp. Duta Plaza
Kel./Desa Dauh Puri Klod Gatot Subroto (Co-location)
Siliwangi (Co-locate) Kec. Denpasar Barat, Denpasar 80114
Jl. Siliwangi No. 110 Cirebon 45123 Jl. Gatot Subroto 187 A-B Medan 20112
Kemenag Kabupaten MATARAM
Gedung Pelayanan Satu Atap Kemenag BATAM
Kabupaten Cirebon,
Jl. Sunan Drajat No.5 Kec. Sumber, Kuta Mandalika Sei Panas (Co-location)
Kab. Cirebon, Jl. Pariwisata Kuta Baturiti Kuta Kec. Pujut Komp. Executive Center Blok I No.1 ABC
Kab. Lombok Tengah dan 01-02, Jl. Laksamana Bintan, Sei Panas,
Nusa Tenggara Barat 83573 Batam 29432
MAKASSAR
Achmad Yani
Jl. Achmad Yani 37 C - D Makassar
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DIGITAL LOUNGE DL-Supermall Karawaci DL-Pakuwon City Mall
Supermall Karawaci Lt. FF. Jl. Raya Laguna KJW Putih Tambak No.2
Jl. Boulevard Diponegoro 105 Curug Kejawaan Putih Tamba Kec. Mulyorejo
DL-Graha CIMB Niaga Ds. Bencongan, Tangerang 15811 Kota SBY Jawa Timur 60112
Graha Cimb Niaga Jl. Jend. Sudirman Kav. 58
Jakarta Selatan 12190
DL-Lippo Mall Puri DL-Centre Point
Lippo Mall Puri Unit GF-12 Puri Indah CBD Centre Point Lt. 1 Jl. Jawa No. 8 Medan
DL-BEJ Jl. Puri Indah Raya Blok U1 Jakarta Barat Sumatera Utara 20231
Gd. BEJ Tower 2 GF Suite G 03-04
Jl. Jend. Sudirman Kav.52-53, Jakarta 12190
DL-Podomoro City Deli Park
DL-Central Park Deli Park Podomoro City L3A-19
Ruko Garden Shopping Arcade Blok C 9 AH. Jl. Guru Patimpus No.1 Medan
DL-Pacific Place JL. S. Parman Kav.25 Jakarta 11470
Mall Pacific Place Lt.3 unit 3-21 SCBD
Jl. Jend Sudirman Kav.52-53, Jakarta 12920 DL-Icon Mall
DL-Mal Artha Gading Palembang Icon Mall L1-06
Jl. Artha Gading Selatan No. 1 Lantai UG Jl. POM IX RT 30 RW 09 Kec. Ilir Barat
DL-Universitas Atmajaya Kel. Kelapa Gading Barat Kec. Kelapa Gading
Kampus Atmajaya Lt. Dasar gedung Van Lith Jakarta Utara 14240 DL-Trans Studio
Jl. Jend. Sudirman No. 51, Jakarta 12930 Mall Trans Studio Makassar LG B - 05
DL-AEON Mall Jl. HM DG Patompo Metro Tanjung Bunga
DL- Citywalk Aeon Mall Lt. Dasar Unit G-52 Makassar 90224
Jl. KH Mas Mansyur No. 24A Kav. 121 Jakarta Grand Boulevard Bsd City, Tangerang
Pusat 10220 DL-Mall Galeria
DL-PIK Avenue Mal Bali Galeria Lantai 2A 08 Jl. By Pass
DL-Grand Indonesia PIK Avenue Mall Lt. 3 Ngurah Rai Simp.Dewa Ruci Denpasar 80361
Grand Indonesia Shopping Town Lt.5 Jl. Pantai Indah Kapuk Boulervad
Jl. MH Thamrin No.1 Jakarta 10310 Jakarta Utara
DL-Mal Emporium Pluit
DL-Ciputra World Mall Jl. Pluit Selatan Raya
Ciputra World Mall Ciputra World
Kawasan CBD Pluit Blok S-6 Lantai UG
(Lotte Avenue Shopping) Lantai 2F
Kel. Pluit Kec. Penjaringan
Jl. Prof. Dr. Satrio Kav. 11. Jakarta 12940
Jakarta Utara 14440
DL-Kota Kasablanka DL-ITB
Mall Kota Kasablanka LG 100
Gedung CRCS Lt. Dasar Kampus ITB
Jl Casablanca Raya Kav 88
Jl. Ganesha No. 10, Bandung
Jakarta Selatan 12870
DL-Tentrem Mall
DL-Mall Gandaria City Tentrem Mall Semarang
Mall gandaria city Lt LG unit l-52d
Jl. Gajahmada No.123 Pekunden
Jl. sultan iskandar muda
Kec. Semarang Tengah Kota Semarang
kebayoran lama utara
Jawa Tengah 50134
Jakarta Selatan 12240
DL-Paragon Mall
DL-PIM 2 Solo Paragon Lt. FF. Jl. Yosodipuro No.133
Mall Pondok Indah 2 GF unit No. G33D
Jawa Tengah 57131
Jl. Metro Pondok Indah Jakarta 12310
DL-Atmajaya
DL-Aeon Mall Tanjung Barat Jl. Babarsari 44
Aeon Mall Tanjung Barat,
Yogyakarta (kerjasama) 55281
Jl. Raya Tanjung Barat No.163, RT.12, RW.4,
Tanjung Barat, Jagakarsa,
Jakarta Selatan 12660
DL-UGM
Universitas Gajah Mada Gedung FEB
Jl. Sosio Humaniora No.1 Bulaksumur
DL-FISIP UI Yogyakarta 55281
Universitas Indonesia FISIP
Jl. Margonda Raya Pondok Cina
Kecamatan Beji, Jawa Barat 16424
DL-Malioboro Mall Yogyakarta
Mal Malioboro Jogja
Jl. Malioboro No. 52-58 Suryatmajan
DL-Blok M Plaza Kec. Danurejan Kota Yogyakarta
Blok M Plaza #1-19,
DIY Yogyakarta 55213
Jl. Bulungan No.76, Jakarta Selatan
DL-Pakuwon
DL-Botani Square Pakuwon Mall Unit B1 03 lantai basement
Botani square mall Lt GF Jl. raya pajajaran Jalan Puncak Indah Lontar No. 2, Surabaya
tegallega bogor tengah kota, Bogor 16127
DL-Tunjungan Plaza 6
Mall Tunjungan Plaza 6 Lantai 3 Unit 17A.
DL-AEON Mall Sentul Jl Basuki Rachmat No 107, Kedungdoro
Aeon Mall Sentul Unit B1-20
Jl. MH. Thamrin Citaringgul
Kec. Babakan Madang, Bogor 16810
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Consolidated
Financial
Statements
605 Consolidated
Financial Statements
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Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 604 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 603
Supporting Business Corporate Governance Corporate Social Other Corporate Consolidated
Review Report Responsibility Data Financial Report
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021
SERTA UNTUK TAHUN-TAHUN YANG BERAKHIR
31 DESEMBER 2023, 2022, DAN 2021/
31 DECEMBER 2023, 2022, AND 2021
AND FOR THE YEARS ENDED
31 DECEMBER 2023, 2022, AND 2021
PT Bank CIMB Niaga Tbk | 2023 Annual Report 605
Page 604
Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 606 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 605
Supporting Business Corporate Governance Corporate Social Other Corporate Consolidated
Review Report Responsibility Data Financial Report
PT Bank CIMB Niaga Tbk | 2023 Annual Report 607
Page 606
Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 608 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 607
Supporting Business Corporate Governance Corporate Social Other Corporate Consolidated
Review Report Responsibility Data Financial Report
PT Bank CIMB Niaga Tbk | 2023 Annual Report 609
Page 608
Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 610 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 609
Supporting Business Corporate Governance Corporate Social Other Corporate Consolidated
Review Report Responsibility Data Financial Report
PT Bank CIMB Niaga Tbk | 2023 Annual Report 611
Page 610
Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 612 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 611
Supporting Business Corporate Governance Corporate Social Other Corporate Consolidated
Review Report Responsibility Data Financial Report
PT Bank CIMB Niaga Tbk | 2023 Annual Report 613
Page 612
Performance Management Company Management Discussion Risk Highlights Reports Profile and Analysis Management 614 PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 613
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/
Notes 2023 2022 2021
ASET ASSETS
Kas 2e,2f,2i,4 3,928,446 5,439,398 4,548,210 Cash
Giro pada Bank Indonesia 2e,2f,2j,5 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain 2,703,266 2,748,458 2,822,988 Current accounts with other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - - - impairment losses
2e,2f,2h,2j,2ah,6,48 2,703,266 2,748,458 2,822,988
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 4,541,702 14,878,602 30,353,917 and Bank Indonesia
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,714) (8,808) (8,132) impairment losses
2e,2f,2h,2k,7 4,532,988 14,869,794 30,345,785
Efek-efek 9,403,093 5,828,093 10,191,984 Marketable securities
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (39,160) (18,428) (16,062) impairment losses
2e,2f,2h,2l,8 9,363,933 5,809,665 10,175,922
Obligasi Pemerintah 2e,2f,2l,9 70,596,507 59,199,026 60,520,764 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 2f,2m,10 5,159,387 510,307 1,589,656 resale agreements
Tagihan derivatif 2e,2f,2n,11 849,014 969,308 909,081 Derivative receivables
Kredit yang diberikan Loans
Pihak berelasi 2e,2f,2ah,12,48 220,757 186,295 203,607 Related parties
Pihak ketiga 2e,2f,2o,12 205,695,793 190,505,895 176,954,255 Third parties
205,916,550 190,692,190 177,157,862
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) (13,086,850) (13,068,605) impairment losses
2e,2f,2h,2o,2ah,12,48 194,010,843 177,605,340 164,089,257
Piutang pembiayaan konsumen 7,453,320 5,918,824 4,455,558 Consumer financing receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (141,776) (110,535) (67,029) impairment losses
2f,2h,2p,13 7,311,544 5,808,289 4,388,529
Tagihan akseptasi 1,102,091 2,106,596 2,603,607 Acceptance receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,638) (19,833) (39,566) impairment losses
2e,2f,2h,2q,14 1,093,453 2,086,763 2,564,041
Penyertaan 4,214 4,214 4,214 Investments
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (555) (555) (555) impairment losses
2f,2h,2r,15 3,659 3,659 3,659
Aset tetap 9,563,327 9,744,353 9,273,885 Fixed assets
Dikurangi: Akumulasi penyusutan (2,788,591) (2,696,685) (2,651,075) Less: Accumulated depreciation
2w,2s,16 6,774,736 7,047,668 6,622,810
Aset takberwujud 4,366,593 4,254,121 3,742,899 Intangible assets
Dikurangi: Akumulasi amortisasi (2,291,937) (2,177,301) (1,709,677) Less: Accumulated amortisation
2t,17 2,074,656 2,076,820 2,033,222
Aset yang diambil alih 470,293 371,090 369,275 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (233,813) (136,538) (145,591) impairment losses
2h,2u,18 236,480 234,552 223,684
Uang muka pajak 2ae,30a 1,928,984 1,384,932 1,461,282 Prepaid taxes
Pendapatan bunga yang masih akan diterima 2e,2f,19 3,414,197 2,923,768 2,946,425 Accrued interest income
Beban dibayar dimuka 2v,2ah,20,48 1,195,194 1,119,629 1,138,706 Prepaid expenses
Aset pajak tangguhan - bersih 2ae,30d 1,377,659 1,685,800 1,173,614 Deferred tax assets - net
Aset lain-lain 5,136,741 6,895,953 4,390,698 Other assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (502,708) (650,087) (452,417) impairment losses
2f,2h,2v,2w,2ah,21,48 4,634,033 6,245,866 3,938,281
JUMLAH ASET 334,369,233 306,754,299 310,786,960 TOTAL ASSETS
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/1 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 614
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/
Notes 2023 2022 2021
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 2f,2x,2ah,22,48 3,581,921 3,705,094 3,239,391 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro Demand deposits
Pihak berelasi 2e,2ah,23,48 293,813 230,104 199,797 Related parties
Pihak ketiga 2e,2f,2y,23 72,907,990 70,109,912 75,277,509 Third parties
73,201,803 70,340,016 75,477,306
Tabungan Saving deposits
Pihak berelasi 2e,2ah,24,48 253,790 239,909 171,526 Related parties
Pihak ketiga 2e,2f,2y,24 77,177,034 73,845,627 72,393,607 Third parties
77,430,824 74,085,536 72,565,133
Deposito berjangka Time deposits
Pihak berelasi 2e,2ah,25,48 68,033 37,237 29,422 Related parties
Pihak ketiga 2e,2f,2y,25 85,161,010 82,725,768 93,276,649 Third parties
85,229,043 82,763,005 93,306,071
Jumlah simpanan dari nasabah 235,861,670 227,188,557 241,348,510 Total deposits from customers
Simpanan dari bank lain Deposits from other banks
Giro dan tabungan 2e,2f,2y,2ah,26,48 1,505,795 1,146,863 1,158,196 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
deposito berjangka 2e,2f,2y,27 254,652 1,359,149 1,901,255 time deposits
1,760,447 2,506,012 3,059,451
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 2f,2m,10 20,426,826 6,062,727 1,262,232 repurchase agreement
Liabilitas derivatif 2e,2f,2n,2ah,11,48 540,051 701,179 294,659 Derivative payables
Liabilitas akseptasi 2e,2f,2q,14 1,102,091 2,106,596 2,603,607 Acceptance payables
Efek-efek yang diterbitkan 2f,2z,28 2,297,702 1,704,938 5,369,228 Marketable securities issued
Pinjaman yang diterima 2e,2f,2aa,29 6,288,525 3,425,409 1,973,306 Borrowings
Utang pajak 2ae,30b Taxes payable
- Pajak penghasilan badan induk perusahaan 163,942 249,103 337,168 Corporate income taxes of parent company -
- Pajak lain-lain 270,911 275,240 247,019 Other taxes -
434,853 524,343 584,187
Beban yang masih harus dibayar Accruals and other
dan liabilitas lain-lain liabilities
- Beban yang masih harus dibayar 2f,2ah,31a,48 3,312,528 4,148,630 3,448,914 Accruals -
- Liabilitas lain-lain 2f,31b 7,729,034 7,714,218 2,633,919 Other liabilities -
11,041,562 11,862,848 6,082,833
Liabilitas imbalan kerja 2af,44 1,540,595 1,462,022 1,355,055 Employee benefit obligations
Pinjaman subordinasi 2f,2aa,2ah,32,48 155,619 228,311 226,143 Subordinated loans
JUMLAH LIABILITAS 285,031,862 261,478,036 267,398,602 TOTAL LIABILITIES
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/2 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 615
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022 2021
EKUITAS EQUITY
Ekuitas diatribusikan kepada Equity attributable to
pemilik entitas induk owners of the parent
Modal saham Share capital
Modal dasar 71.853.936 Authorised capital 71,853,936
saham biasa kelas A, dengan class A ordinary shares with
nilai nominal Rp 5.000 (nilai penuh) par value of Rp 5,000 (full
per saham dan 50.814.606.400 amount) per share, and
saham biasa kelas B, 50,814,606,400 class B
dengan nilai nominal Rp 50 ordinary shares with par value
(nilai penuh) per saham of Rp 50 (full amount) per share
Modal ditempatkan dan disetor penuh Issued and fully paid
71.853.936 lembar saham biasa kelas A dan 71,853,936 class A ordinary shares
25.059.752.907 lembar saham biasa kelas B and 25,059,752,907 class B ordinary shares
pada tanggal 31 Desember 2023, 2022, dan 2021 33 1,612,257 1,612,257 1,612,257 as at 31 December 2023, 2022, and 2021
Tambahan modal disetor 2c 7,068,257 7,033,450 7,033,450 Additional paid-in capital
Transaksi dengan kepentingan nonpengendali (35,723) (35,723) (35,723) Transactions with non-controlling interest
Saham treasuri 2ai, 33 (135,104) (249,459) (252,477) Treasury shares
Cadangan kompensasi berbasis saham 45 137,123 137,105 115,025 Share-based compensation reserve
Selisih penilaian kembali aset tetap 2s,16 4,181,209 4,180,033 3,422,692 Reserve on revaluation of fixed assets
(Kerugian)/keuntungan yang belum direalisasi Unrealised (losses)/gains of marketable securities and
atas efek-efek dan obligasi pemerintah dalam kelompok government bonds on fair value through
nilai wajar melalui penghasilan komprehensif lain - bersih 2l (879,270) (1,148,728) 461,557 other comprehensive income - net
Cadangan umum dan wajib 34 351,538 351,538 351,538 General and statutory reserve
Saldo laba 36,892,257 33,311,417 30,668,803 Retained earnings
49,192,544 45,191,890 43,377,122
Kepentingan nonpengendali 2c,49a 144,827 84,373 11,236 Non-controlling interest
JUMLAH EKUITAS 49,337,371 45,276,263 43,388,358 TOTAL EQUITY
JUMLAH LIABILITAS TOTAL LIABILITIES
DAN EKUITAS 334,369,233 306,754,299 310,786,960 AND EQUITY
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these
terpisahkan dari laporan keuangan konsolidasian. consolidated financial statements.
Halaman – 1/3 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 616
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022 2021
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan bunga 2ab,2ah,35,48 17,388,452 15,557,710 15,751,579 Interest income
Pendapatan syariah 2ab,2ah,35,61 4,917,548 3,556,484 3,111,372 Sharia income
Beban bunga 2ab,2ah,36,48 (6,274,456) (4,040,984) (4,562,290) Interest expense
Beban syariah 2ab,2ah,36,61 (2,679,161) (1,597,072) (1,211,801) Sharia expense
Pendapatan bunga dan syariah - bersih 13,352,383 13,476,138 13,088,860 Net interest and sharia income
Pendapatan operasional lainnya: Other operating income:
Provisi dan komisi lainnya 2ac,2ah,37,48 3,154,830 2,413,405 2,266,284 Other fees and commissions
Keuntungan/(kerugian) transaksi mata uang asing 2e 176,255 (472,930) (92,522) Foreign exchange gains/(losses)
Lain-lain 479,126 754,733 376,272 Others
Jumlah pendapatan operasional Total other operating
lainnya 3,810,211 2,695,208 2,550,034 income
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial
dan nonkeuangan - bersih 2h,38 (2,006,613) (3,813,709) (4,169,888) and non-financial assets - net
Keuntungan dari instrumen keuangan yang Gains from financial instruments measured at
diukur pada nilai wajar melalui laba rugi - bersih 2n,2l,39 1,097,419 1,953,932 806,522 fair value through profit or loss - net
Keuntungan dari penjualan efek-efek - bersih 2l,40 525,507 740,443 1,122,101 Gains from sale of marketable securities - net
Beban operasional lainnya: Other operating expenses:
Beban tenaga kerja 2ad,41 (4,947,412) (4,675,107) (4,481,677) Personnel expenses
Beban umum dan administrasi 2ad,42 (3,615,769) (3,758,285) (3,693,012) General and administrative expenses
Lain-lain (20,346) (50,258) (104,548) Others
Jumlah beban operasional lainnya (8,583,527) (8,483,650) (8,279,237) Total other operating expenses
LABA OPERASIONAL BERSIH 8,195,380 6,568,362 5,118,392 NET OPERATING INCOME
PENDAPATAN BUKAN OPERASIONAL INCOME FROM NON-OPERATIONS
Pendapatan bukan operasional - bersih 43 161,892 10,970 72,706 Non-operating income - net
LABA SEBELUM PAJAK INCOME BEFORE
PENGHASILAN 8,357,272 6,579,332 5,191,098 INCOME TAX
BEBAN PAJAK PENGHASILAN 2ae,30c (1,805,871) (1,482,561) (1,092,494) INCOME TAX EXPENSE
LABA BERSIH 6,551,401 5,096,771 4,098,604 NET INCOME
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
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Page 617
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022 2021
Laba bersih 6,551,401 5,096,771 4,098,604 Net income
Penghasilan komprehensif lain: Other comprehensive income:
Pos-pos yang tidak akan direklasifikasi ke laba rugi Items that will not be reclassified to profit or loss
Pengukuran kembali atas program imbalan pasti Remeasurement of post employment
kerugian aktuarial 2af (26,814) (67,625) (4,496) benefits obligation actuarial losses
Selisih penilaian kembali aset tetap 2s,16 1,176 757,274 - Reserve on revaluation of fixed assets
(25,638) 689,649 (4,496)
Pajak penghasilan terkait pos-pos yang tidak Income tax relating to item that will not be
akan direklasifikasi ke laba rugi 30d 4,976 16,423 4,695 reclassified to profit or loss
(20,662) 706,072 199
Pos-pos yang akan direklasifikasi ke laba rugi Item that will be reclassified to profit or loss
Keuntungan/(kerugian) yang belum direalisasi atas perubahan Unrealised gains/(losses) from changes in fair value of
nilai wajar dari efek-efek dan obligasi pemerintah dalam marketable securities and government bonds on
kelompok nilai wajar melalui penghasilan komprehensif lain 299,060 (1,934,410) (766,430) fair value through other comprehensive income
Pajak penghasilan terkait pos-pos yang Income tax relating to item that will be
akan direklasifikasi ke laba rugi 30d (29,602) 324,125 82,701 reclassified to profit or loss
269,458 (1,610,285) (683,729)
PENGHASILAN KOMPREHENSIF LAIN - OTHER COMPREHENSIVE INCOME -
SETELAH PAJAK 248,796 (904,213) (683,530) NET OF TAX
JUMLAH PENGHASILAN KOMPREHENSIF 6,800,197 4,192,558 3,415,074 TOTAL COMPREHENSIVE INCOME
Laba bersih yang dapat diatribusikan
kepada: Net income attributable to:
Pemilik entitas induk 6,474,195 5,041,781 4,100,340 Equity holders of the parent
Kepentingan nonpengendali 49b 77,206 54,990 (1,736) Non-controlling interest
6,551,401 5,096,771 4,098,604
Jumlah penghasilan komprehensif yang Total comprehensive income
dapat diatribusikan kepada: attributable to:
Pemilik entitas induk 6,723,316 4,135,356 3,416,810 Equity holders of the parent
Kepentingan nonpengendali 49a 76,881 57,202 (1,736) Non-controlling interest
6,800,197 4,192,558 3,415,074
LABA PER SAHAM EARNINGS PER SHARE
(dalam nilai penuh Rupiah (expressed in Rupiah full
per saham) 2ag,46 amount per share)
Dasar 259.45 202.21 164.48 Basic
Dilusian 259.45 202.21 164.48 Diluted
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 2/2 – Page
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Page 618
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
(Kerugian)/keuntungan
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan
komprehensif lain - Saldo laba yang telah
bersih/ ditentukan
Unrealised penggunaannya -
Transaksi dengan Cadangan Selisih penilaian (losses)/gains on fair cadangan umum dan
kepentingan kompensasi kembali aset value through other wajib/ Saldo laba yang belum
Tambahan modal nonpengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transactions with Share-based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham treasuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
PT Bank CIMB Niaga Tbk | 2023 Annual Report
\
Saldo 1 Januari 2023 1,612,257 7,033,450 (35,723) 137,105 4,180,033 (1,148,728) (249,459) 351,538 33,311,417 45,191,890 84,373 45,276,263 Balance as at 1 January 2023
Jumlah laba komprehensif Total comprehensive income
tahun berjalan: for the current year:
- Laba bersih - - - - - - - - 6,474,195 6,474,195 77,206 6,551,401 Net income -
- Penghasilan komprehensif lain *) 2l,2af,8,9,16,49 - - - - 1,176 269,458 - - (21,513) 249,121 (325) 248,796 Other comprehensive income *) -
- - - - 1,176 269,458 - - 6,452,682 6,723,316 76,881 6,800,197
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2022 - - - - - - - - (2,871,842) (2,871,842) (16,492) (2,888,334) on 2022 financial year net income
- Pelepasan saham treasuri 33 - 34,807 - - - - 114,355 - - 149,162 65 149,227 Issuance of treasury shares -
- Penambahan cadangan kompensasi berbasis saham 45 - - - 18 - - - - - 18 - 18 Addition of share based compensation reserve -
- 34,807 - 18 - - 114,355 - (2,871,842) (2,722,662) (16,427) (2,739,089)
Saldo 31 Desember 2023 1,612,257 7,068,257 (35,723) 137,123 4,181,209 (879,270) (135,104) 351,538 36,892,257 49,192,544 144,827 49,337,371 Balance as at 31 December 2023
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/1 – Page
Page 619
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
Keuntungan/(kerugian)
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan
komprehensif lain - Saldo laba yang telah
bersih/ ditentukan
Unrealised penggunaannya -
Transaksi dengan Cadangan Selisih penilaian gains/(losses) on fair cadangan umum dan
kepentingan kompensasi kembali aset value through other wajib/ Saldo laba yang belum
Tambahan modal nonpengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transaction with Share-based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham treasuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
\
Saldo 1 Januari 2022 1,612,257 7,033,450 (35,723) 115,025 3,422,692 461,557 (252,477) 351,538 30,668,803 43,377,122 11,236 43,388,358 Balance as at 1 January 2022
Jumlah laba komprehensif Total comprehensive income
tahun berjalan: for the current year:
- Laba bersih - - - - - - - - 5,041,781 5,041,781 54,990 5,096,771 Net income -
- Penghasilan komprehensif lain *) 2l,2af,8,9,16,49 - - - - 757,341 (1,610,285) - - (53,481) (906,425) 2,212 (904,213) Other comprehensive income *) -
- - - - 757,341 (1,610,285) - - 4,988,300 4,135,356 57,202 4,192,558
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2021 - - - - - - - - (2,345,686) (2,345,686) (4,065) (2,349,751) on 2021 financial year net income
- Pelepasan saham treasuri 33 - - - - - - 3,018 - - 3,018 - 3,018 Issuance of treasury shares -
- Penerbitan saham baru oleh anak perusahaan 1c - - - - - - - - - - 20,000 20,000 Issuance of new shares by subsidiaries -
- Penambahan cadangan kompensasi berbasis saham 45 - - - 22,080 - - - - - 22,080 - 22,080 Addition of share based compensation reserve -
- - - 22,080 - - 3,018 - (2,345,686) (2,320,588) 15,935 (2,304,653)
Saldo 31 Desember 2022 1,612,257 7,033,450 (35,723) 137,105 4,180,033 (1,148,728) (249,459) 351,538 33,311,417 45,191,890 84,373 45,276,263 Balance as at 31 December 2022
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/2 – Page
Page 620
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Diatribusikan kepada pemilik entitas induk/Attributable to equity holders of the parent
Keuntungan
yang belum direalisasi
atas efek-efek dan
obligasi pemerintah
diukur pada nilai wajar
melalui penghasilan Saldo laba yang telah
komprehensif lain - ditentukan
bersih/ penggunaannya -
Transaksi dengan Cadangan Selisih penilaian Unrealised gains on fair cadangan umum dan
kepentingan kompensasi kembali aset value through other wajib/ Saldo laba yang belum
Tambahan modal nonpengendali/ berbasis saham/ tetap/ comprehensive income Appropriated ditentukan
disetor/ Transaction with Share-based Reserve on marketable securities retained earnings - penggunaannya*) / Kepentingan
Catatan/ Modal saham/ Additional paid-in non-controlling compensation revaluation of and government bonds Saham treasuri/ general and statutory Unappropriated nonpengendali/ Non- Jumlah ekuitas/
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Notes Share capital capital interest reserve fixed assets - net Treasury shares reserve retained earnings*) Jumlah/ Total controlling interest Total equity
Saldo 1 Januari 2021 1,612,257 7,033,450 (35,723) 96,430 3,515,604 1,145,286 (253,832) 351,538 27,573,929 41,038,939 14,112 41,053,051 Balance as at 1 January 2021
Jumlah laba komprehensif Total comprehensive income
tahun berjalan: for the current year:
- Laba bersih - - - - - - - - 4,100,340 4,100,340 (1,736) 4,098,604 Net income -
Penghasilan komprehensif lain Other comprehensive income
- Penghasilan komprehensif lain periode berjalan *) 2l,2af,8,9,44,49 - - - - 3,810 (683,729) - - (3,611) (683,530) - (683,530) Other comprehensive income for the period*) -
- Penjualan aset revaluasian (96,722) - - - 96,722 - - - Sale of revalued assets -
- - - - (92,912) (683,729) - - 4,193,451 3,416,810 (1,736) 3,415,074
Transaksi dengan pemilik dalam Transaction with owners in their
kapasitasnya sebagai pemilik: capacity as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2020 - - - - - - - - (1,098,577) (1,098,577) - (1,098,577) on 2020 financial year net income
- Pelepasan saham treasuri 33 - - - - - - 1,355 - - 1,355 - 1,355 Issuance of treasury shares -
- Penambahan cadangan kompensasi berbasis saham 45 - - - 18,595 - - - - - 18,595 - 18,595 Additional of shared based compensation reserve -
- Pembelian saham treasuri oleh Entitas Anak - - - - - - - - - - (1,140) (1,140) Purchase of treasury shares by Subsidiary -
- - - 18,595 - - 1,355 - (1,098,577) (1,078,627) (1,140) (1,079,767)
Saldo 31 Desember 2021 1,612,257 7,033,450 (35,723) 115,025 3,422,692 461,557 (252,477) 351,538 30,668,803 43,377,122 11,236 43,388,358 Balance as at 31 December 2021
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya adalah Included in unappropriated retained earnings are the *)
pengukuran kembali atas program imbalan pasti setelah pajak remeasurement of post employment benefits obligation net of tax
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part of these consolidated financial statements.
terpisahkan dari laporan keuangan konsolidasian.
Halaman – 3/3 – Page
Page 621
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022 2021
Arus kas dari aktivitas operasi Cash flow from operating activities
Pendapatan bunga, provisi, dan komisi yang diterima 24,970,474 21,549,293 20,681,654 Receipt of interest, fees, and commissions income
Bunga, provisi, dan komisi yang dibayar (8,680,466) (5,302,931) (5,575,444) Payments of interest, fees, and commissions
Penghasilan operasional lainnya yang diterima 479,126 754,733 376,272 Other operating income received
Keuntungan transaksi mata uang asing Gains of foreign exchange
dan derivatif - bersih 1,211,885 1,485,008 659,172 and derivatives transactions - net
Beban operasional lainnya (6,132,729) (9,608,079) (6,726,220) Other operating expenses
Pendapatan bukan operasional - bersih 162,758 225,053 491,411 Non-operating income - net
Arus kas sebelum perubahan dalam Cash flow before changes in
aset dan liabilitas operasi 12,011,048 9,103,077 9,906,845 operating assets and liabilities
Perubahan dalam aset dan liabilitas: Changes in assets and liabilities :
Penurunan/(kenaikan) aset: Decrease/(increase) in assets:
Efek-efek dan Obligasi Pemerintah Fair value through profit or loss marketable securities
untuk tujuan diukur pada nilai wajar melalui laba rugi (9,355,699) (1,736,799) 3,463,692 and Government Bonds
Efek-efek yang dibeli dengan janji dijual kembali (4,649,080) 1,079,349 715,867 Securities purchased under resale agreements
Kredit yang diberikan (18,136,127) (16,754,365) (8,423,675) Loans
Tagihan akseptasi 1,004,505 497,011 (449,851) Acceptance receivables
Piutang pembiayaan konsumen (1,796,613) (1,624,579) (1,481,252) Consumer financing receivables
Kenaikan/(penurunan) liabilitas: Increase/(decrease) in liabilities:
Simpanan dari nasabah 8,120,334 (8,999,546) 33,819,086 Deposits from customers
Simpanan dari bank lain (745,565) (553,439) 157,895 Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali 14,364,099 4,800,495 (7,394,411) Securities sold under repurchase agreement
Liabilitas akseptasi (1,004,505) (497,011) 449,851 Acceptance payables
Utang pajak 53,293 28,715 (2,809) Taxes payable
Pajak penghasilan yang dibayar selama
periode berjalan (1,662,666) (1,703,339) (1,151,728) Income tax paid during the period
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas operasi (1,796,976) (16,360,431) 29,609,510 operating activities
Arus kas dari aktivitas investasi Cash flow from investing activities
Pembelian efek-efek dan Obligasi Purchase of fair value through other comprehensive income
Pemerintah - diukur pada nilai wajar melalui penghasilan and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi (15,393,347) (25,096,310) (35,816,668) securities and Government Bonds
Penjualan efek-efek dan Obligasi Sell of fair value through other comprehensive income
Pemerintah - diukur pada nilai wajar melalui penghasilan and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi 10,092,371 31,884,818 27,263,690 securities and Government Bonds
Hasil penjualan aset tetap 16 5,848 18,955 96,100 Proceeds from sale of fixed assets
Pembelian aset tetap 16 (284,346) (301,587) (12,520) Acquisition of fixed assets
Pembelian aset takberwujud 17 (418,963) (511,322) (573,777) Acquisition of intangible assets
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas investasi (5,998,437) 5,994,554 (9,043,175) investing activities
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/1 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 622
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/
Notes 2023 2022 2021
Arus kas dari aktivitas pendanaan Cash flow from financing activities
Efek-efek yang diterbitkan 28 1,000,000 - - Marketable securities issued
Pembayaran dari pinjaman yang diterima (1,822,601) (1,990,237) (668,510) Payment from borrowings
Pembayaran pokok dan bunga dari obligasi dan Payment of principal and interest from
efek-efek yang diterbitkan (584,851) (4,044,897) (1,714,634) bonds and marketable securities issued
Penambahan atas pinjaman yang diterima 4,683,520 3,442,340 1,708,383 Addition of borrowings
Pembayaran atas pinjaman subordinasi (75,000) - - Payment of subordinated loans
Pembayaran dividen 34 (2,871,842) (2,345,686) (1,098,577) Dividend paid
Kas bersih yang diperoleh dari/(digunakan untuk) Net cash provided from/(used in)
aktivitas pendanaan 329,226 (4,938,480) (1,773,338) financing activities
Pengaruh perubahan kurs mata uang Effects on exchange rate differences
pada kas dan setara kas (102,346) 339,913 184,249 in cash and cash equivalent
(Penurunan)/kenaikan bersih kas dan setara kas (7,568,533) (14,964,444) 18,977,246 Net (decrease)/increase in cash and cash equivalent
Kas dan setara kas pada awal tahun 32,051,715 47,016,159 28,038,913 Cash and cash equivalent at beginning of the year
Kas dan setara kas pada akhir tahun 24,483,182 32,051,715 47,016,159 Cash and cash equivalent at end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalent consist of:
Kas 2e,2f,2h,2i,4,5,6,7,8 3,928,446 5,439,398 4,548,210 Cash
Giro pada Bank Indonesia 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain 2,703,266 2,748,458 2,822,988 Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 4,541,702 14,878,602 30,353,917 since acquisition date
Sertifikat Bank Indonesia Bank Indonesia Certificates
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 129,514 - - since acquisition date
Jumlah kas dan setara kas 24,483,182 32,051,715 47,016,159 Total cash and cash equivalents
Informasi tambahan arus kas: Supplemental cash flows information:
Aktivitas yang tidak mempengaruhi arus kas - - - Activities not affecting cash flows
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/2 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 623
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2022 Cash flow Amortisation of discount and premium Foreign currency movement 2023
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 32,051,715 (7,466,187) - (102,346) 24,483,182 Cash and cash equivalents
Investasi likuid 302,056 156,729 - - 458,785 Liquid investments
Efek-efek yang diterbitkan (1,704,938) (589,516) (3,248) - (2,297,702) Marketable securities issued
Pinjaman yang diterima (3,425,409) (2,863,116) - - (6,288,525) Borrowings
Pinjaman subordinasi (228,311) 72,692 - - (155,619) Subordinated loans
Utang bersih 26,995,113 (10,689,398) (3,248) (102,346) 16,200,121 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2021 Cash flow Amortisation of discount and premium Foreign currency movement 2022
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 47,016,159 (15,304,357) - 339,913 32,051,715 Cash and cash equivalents
Investasi likuid 219,809 82,247 - - 302,056 Liquid investments
Efek-efek yang diterbitkan (5,369,228) 3,667,000 (2,710) - (1,704,938) Marketable securities issued
Pinjaman yang diterima (1,973,306) (1,452,103) - - (3,425,409) Borrowings
Pinjaman subordinasi (226,143) - (2,168) - (228,311) Subordinated loans
Utang bersih 39,667,291 (13,007,213) (4,878) 339,913 26,995,113 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2020 Cash flow Amortisation of discount and premium Foreign currency movement 2021
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 28,038,913 18,792,997 - 184,249 47,016,159 Cash and cash equivalents
Investasi likuid 682,114 (462,305) - - 219,809 Liquid investments
Efek-efek yang diterbitkan (6,565,604) 1,200,000 (3,624) - (5,369,228) Marketable securities issued
Pinjaman yang diterima (933,433) (1,039,873) - - (1,973,306) Borrowings
Pinjaman subordinasi (224,184) - (1,959) - (226,143) Subordinated loans
Utang bersih 20,997,806 18,490,819 (5,583) 184,249 39,667,291 Net debt
Catatan atas laporan keuangan konsolidasian merupakan bagian yang tidak The accompanying notes form an integral part
terpisahkan dari laporan keuangan konsolidasian. of these consolidated financial statements.
Halaman – 4/3 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 624
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian dan informasi umum a. Establishment and general information
PT Bank CIMB Niaga Tbk (“Bank CIMB Niaga” atau PT Bank CIMB Niaga Tbk (“Bank CIMB Niaga" or the
“Bank”) didirikan menurut hukum yang berlaku di “Bank”) was established in accordance with laws
Indonesia, berdasarkan Akta Pendirian Perusahaan applicable in Indonesia by Notarial Deed No. 90 made
No. 90 yang dibuat di hadapan Raden Meester by Raden Meester Soewandi, notary in Jakarta dated
Soewandi, notaris di Jakarta tanggal 26 September 1955, which was amended by deed
26 September 1955 dan diubah dengan akta dari No. 9 of the same notary dated 4 November 1955.
notaris yang sama No. 9 tanggal 4 November 1955. These deeds were approved by the Minister of Justice
Akta-akta pendirian ini disahkan oleh Menteri of the Republic of Indonesia (currently Minister of Law
Kehakiman Republik Indonesia (sekarang Menteri and Human Rights) through decision letter
Hukum dan Hak Asasi Manusia) dengan surat No. J.A.5/110/15 dated 1 December 1955 and was
keputusan No. J.A.5/110/15 tanggal 1 Desember 1955 published in Supplement No. 729/1956 to the State
dan diumumkan dalam Berita Negara Republik Gazette of the Republic of Indonesia No. 71 dated
Indonesia No. 71 tanggal 4 September 1956, 4 September 1956.
Tambahan Berita Negara No. 729/1956.
Setelah pendiriannya, Anggaran Dasar Bank CIMB After its establishment, Bank CIMB Niaga’s Articles of
Niaga telah mengalami beberapa kali perubahan, Association have been amended several times, where
dimana perubahan terakhir adalah berdasarkan Akta the latest amendments are pursuant to Notarial Deed
No.14 tanggal 8 April 2022, yang dibuat di hadapan No.14 dated 8 April 2022, made by Notary Ashoya
Notaris Ashoya Ratam, S.H., M.Kn., dimana perubahan Ratam, S.H., M.Kn., which amendment was approved
tersebut telah disetujui oleh Menteri Hukum dan Asasi by the Minister of Law and Human Rights of the
Manusia Republik Indonesia No. AHU-AH.01.03- Republic of Indonesia in its letter No. AHU-AH.01.03-
0227633 tanggal 19 April 2022. 0227633 dated 19 April 2022.
Berdasarkan Pasal 3 Anggaran Dasar Bank CIMB According to Article 3 of its Articles of Association,
Niaga, ruang lingkup kegiatan Bank CIMB Niaga Bank CIMB Niaga’s scope of activities is to conduct
adalah melakukan usaha di bidang perbankan sesuai general banking services in accordance with the
dengan undang-undang dan peraturan yang berlaku, prevailing laws and regulations, and to engage in other
dan melakukan kegiatan perbankan lainnya banking activities based on Sharia principles. Bank
berdasarkan prinsip Syariah. Bank CIMB Niaga mulai CIMB Niaga had started its banking activities based on
melakukan kegiatan perbankan berdasarkan prinsip the Sharia principles on 27 September 2004.
Syariah pada tanggal 27 September 2004.
Bank CIMB Niaga memperoleh izin usaha sebagai Bank CIMB Niaga had obtained the license to operate
bank umum, bank devisa, dan bank yang melakukan as a commercial bank, a foreign exchange bank, and
kegiatan berdasarkan prinsip Syariah masing-masing a bank engaged in activities based on Sharia principles
berdasarkan surat keputusan Menteri Keuangan based on the decision letter of the Minister of Finance
Republik Indonesia No. 249544/U.M.II tanggal of the Republic of Indonesia No. 249544/U.M.II dated
11 November 1955, surat keputusan Direksi 11 November 1955, the decision letter of the Board of
BI No. 7/116/Kep/Dir/UD tanggal 22 November 1974, Directors of BI No. 7/116/Kep/Dir/UD dated 22
dan surat keputusan Gubernur BI No. November 1974, and the decision letter of the
6/71/KEP.GBI/2004 tanggal 16 September 2004. Governor of BI No. 6/71/KEP.GBI/2004 dated
16 September 2004.
Halaman – 5/1 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 625
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information (continued)
Sejak berdirinya, Bank CIMB Niaga telah mengalami Since establishment, Bank CIMB Niaga had 4 (four)
4 (empat) kali penggabungan usaha, yaitu: mergers, on:
• Tanggal 22 Oktober 1973 dengan PT Bank • 22 October 1973 with PT Bank Agung;
Agung;
• Tanggal 30 November 1978 dengan PT Bank • 30 November 1978 with PT Bank Tabungan
Tabungan Bandung; Bandung;
• Tanggal 17 Oktober 1983 dengan PT Bank • 17 October 1983 with PT Bank Amerta; and
Amerta; dan
• Tanggal 1 November 2008 dengan PT Bank • 1 November 2008 with PT Bank Lippo Tbk.
Lippo Tbk.
Kantor Pusat Bank CIMB Niaga berlokasi di Bank CIMB Niaga’s head office is located at Jl. Jend.
Jl. Jend. Sudirman Kav. 58, Jakarta. Pada tanggal Sudirman Kav. 58, Jakarta. As at 31 December 2023,
31 Desember 2023, kantor cabang domestik, kantor Bank CIMB Niaga’s domestic branches, domestic
cabang pembantu domestik, kantor pembayaran supporting branches, domestic payment points,
domestik, unit cabang Syariah domestik, dan kantor domestic Sharia unit branches, and Sharia service
layanan Syariah Bank CIMB Niaga tersebar di 28 (dua offices are located in 28 (twenty eight) provinces
puluh delapan) provinsi di seluruh Indonesia. Pada throughout Indonesia. As at 31 December 2023, the
tanggal 31 Desember 2023, jumlah jaringan cabang- number of Bank CIMB Niaga’s branches and
cabang dan kantor-kantor pembantu Bank CIMB representative offices are as follows (unaudited):
Niaga adalah sebagai berikut (tidak diaudit):
2023 2022 2021
Kantor cabang domestik 60 60 60 Domestic branches
Kantor cabang pembantu domestik 266 271 302 Domestic support branches
Kas mobil 33 34 33 Mobile cash
Kantor Kas/Kios 20 18 17 Cash Office/Kiosk
Kantor cabang Syariah domestik 24 24 24 Domestic Sharia unit branches
Kantor cabang pembantu Syariah domestik Domestic Sharia support branches
dan Kantor kas Syariah 9 10 8 and Sharia cash branches
Kantor layanan Syariah 341 343 356 Sharia service offices
Automated Teller Machine ("ATM") Automated Teller Machine ("ATM")
termasuk ATM Syariah 2,982 3,278 3,563 including Sharia ATM
Cash Remittance Machine ("CRM") 907 925 913 Cash Remittance Machine ("CRM")
Cash Deposit Machine ("CDM") - - 5 Cash Deposit Machine ("CDM")
Multidenom Deposit Machine ("MDM") 4 4 - Multidenom Deposit Machine ("MDM")
CIMB Group Holdings Berhad adalah pemegang 100% CIMB Group Holding Berhad is 100% shareholder of
saham CIMB Group Sdn Bhd, yang merupakan CIMB Group Sdn Bhd, which is the shareholder of
pemegang 91,48% saham Bank CIMB Niaga. 91.48% shares of Bank CIMB Niaga. The ultimate
Pemegang saham akhir CIMB Group Holdings Berhad shareholders of CIMB Group Holdings Berhad are
adalah Khazanah Nasional Berhad, Employee Khazanah Nasional Berhad, Employee Provident
Provident Fund, lain-lain dan masyarakat. Khazanah Fund, others and public. Khazanah National Berhad is
Nasional Berhad merupakan entitas yang dimiliki oleh an entity owned by the Malaysian Government.
Pemerintah Malaysia.
Halaman – 5/2 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 626
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga bonds
Penawaran umum saham Public offering of shares
Penawaran Umum Perdana dan Terbatas yang telah The details of Bank CIMB Niaga’s Initial and Limited
dilakukan oleh Bank CIMB Niaga adalah: Public Offerings are as follows:
Jumlah saham Nilai nominal
yang ditawarkan (nilai per saham (nilai Harga penawaran
Tanggal penuh)/ penuh)/ per saham (nilai penuh)/
Pernyataan efektif/ pencatatan/ Number of offered shares Par value per share Offering price per share
Effective registration Registration date (full amount) (full amount) (full amount)
Penawaran Umum 2 Oktober/ 29 November/
Perdana October 1989 November 1989 5,000,000 1,000 12,500 Initial Public Offering
Penawaran Umum 26 September/ 23 Desember/ Limited Public
Terbatas I September 1992 December 1992 5,252,500 1,000 5,000 Offering I
Penawaran Umum 29 Oktober/ 15 November/ Limited Public
Terbatas II October 1996 November 1996 31,514,487 1,000 3,300 Offering II
Penawaran Umum 4 Agustus/ 9 Agustus/ Limited Public
Terbatas III August 1999 August 1999 71,135,395,749 5 124 Offering III
Penawaran Umum 25 Agustus/ 31 Agustus/August Limited Public
Terbatas IV August 2005 dan/and 9 3,949,757,610 50 330 Offering IV
September
/September 2005
Penawaran Umum 3 November/ 30 Desember/ Limited Public
Terbatas V November 2010 December 2010 1,196,743,183 50 1,250 Offering V
Penawaran umum obligasi subordinasi Public offering of subordinated bonds
Jumlah pokok
obligasi
subordinasi/
Pernyataan The nominal Tingkat
efektif/ value of the Tanggal jatuh bunga/ Wali Amanat - Keterkaitan
Instrumen/ Effective Persetujuan/ subordinated Jangka waktu/ tempo/ Interest usaha/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date rate Tujuan/Purpose linkages
Obligasi Subordinasi III 8 November/ OJK Pengawas Pasar 75,000 5 tahun/years 15 November/ Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
9.85%
Bank CIMB Niaga Tahun November 2018 modal, melalui suratnya November kredit serta menjaga mempunyai hubungan afiliasi
2018 Seri A dengan Tingkat No.S-158/D.04/2018/ OJK 2023 ketahanan permodalan dalam dengan Bank/ PT Bank
Suku Bunga Tetap/Bank Pengawas Pasar Modal rangka pemenuhan POJK Permata Tbk – Does not have
CIMB Niaga Subordinated in its letter No. No.14/2017/Supporting credit any affiliation with the Bank.
Bonds III Year 2018 Series S-158/D.04/2018 growth and capital stability in
A with Fixed Interest Rate accordance with fulfilment of
POJK No. 14/2017
Obligasi Subordinasi III 8 November/ OJK Pengawas Pasar 75,000 7 tahun/years 15 November/ Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
10.00%
Bank CIMB Niaga Tahun November 2018 modal, melalui suratnya November kredit serta menjaga mempunyai hubungan afiliasi
2018 Seri B dengan Tingkat No.S-158/D.04/2018/ OJK 2025 ketahanan permodalan dalam dengan Bank/ PT Bank
Suku Bunga Tetap/Bank Pengawas Pasar Modal rangka pemenuhan POJK Permata Tbk – Does not have
CIMB Niaga Subordinated in its letter No. No.14/2017/Supporting credit any affiliation with the Bank.
Bonds III Year 2018 Series S-158/D.04/2018 growth and capital stability in
B with Fixed Interest Rate accordance with fulfilment of
POJK No. 14/2017
Obligasi Subordinasi 12 Desember/ OJK Pengawas Pasar 83,000 5 tahun/years 19 Desember/ Menunjang pertumbuhan PT Bank Permata Tbk - Tidak
8.05%
Berkelanjutan I Bank CIMB December 2019 modal, melalui suratnya December kredit serta menjaga mempunyai hubungan afiliasi
Niaga Tahap I Tahun 2019/ No.S- 194/D.04/2019 2024 ketahanan permodalan dalam dengan Bank/ PT Bank
The Continuous Pengawas Pasar Modal rangka pemenuhan POJK Permata Tbk – Does not have
Subordinated Bonds I of in its letter No. No.14/2017/Supporting credit any affiliation with the Bank.
Bank CIMB Niaga Phase I S-194/D.04/2019 growth and capital stability in
Year 2019 accordance with fulfilment of
POJK No. 14/2017
Halaman – 5/3 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 627
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga (lanjutan) bonds (continued)
Penawaran umum obligasi subordinasi (lanjutan) Public offering of subordinated bonds (continued)
Pada saat penawaran umum obligasi subordinasi At the time of the subordinated bonds offering, Bank
tersebut, Bank CIMB Niaga memperoleh peringkat CIMB Niaga obtained a rating of “AA-(idn)” from
“AA-(idn)” dari PT Pefindo. Untuk peringkat obligasi PT Pefindo. The rating of subordinated bonds up to the
subordinasi sampai dengan tanggal laporan, lihat reporting date, refer to Note 32.
Catatan 32.
Penawaran umum obligasi Public offering of bonds
Bank CIMB Niaga Bank CIMB Niaga
Jumlah pokok
obligasi
subordinasi/
Pernyataan The nominal
efektif/ value of the Tanggal jatuh Tingkat Wali Amanat - Keterkaitan
Instrumen/ Effective Persetujuan/ subordinated Jangka waktu/ tempo/ bunga/ usaha/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date Interest rate Tujuan/Purpose linkages
Obligasi Berkelanjutan II 26 Oktober/ Otoritas Jasa Seri/Series C : Seri/Series C : Seri/Series C : Seri/Series C: Ekspansi kredit PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahap I October 2016 Keuangan 182,000 5 tahun/years 3 November/ 8.25% dalam rangka mempunyai hubungan afiliasi
Tahun 2016 dengan Tingkat (“OJK”)/Financial November 2021 pengembangan dengan Bank/ PT Bank
suku Bunga Tetap/The Service Authority usaha/Expand the Permata Tbk – Does not have
Continuous Bonds II of Bank (“FSA”) credit in order to any affiliation with the Bank.
CIMB Niaga Phase I Year develop the business
2016 with Fixed Interest
Rate
Obligasi Berkelanjutan II 15 Agustus/ Otoritas Jasa Seri/Series C : Seri/Series C : Seri/Series C : Seri/Series C: Ekspansi kredit PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahap II August 2017 Keuangan 822,000 5 tahun/years 23 Agustus/ 8.15% dalam rangka mempunyai hubungan afiliasi
Tahun 2017 dengan Tingkat (“OJK”)/Financial August 2022 pengembangan dengan Bank/ PT Bank
suku Bunga Tetap/The Service Authority usaha/Expand the Permata Tbk – Does not have
Continuous Bonds II of Bank (“FSA”) credit in order to any affiliation with the Bank.
CIMB Niaga Phase II Year develop the business
2017 with Fixed Interest
Rate
Obligasi Berkelanjutan II 26 Oktober/ Otoritas Jasa Seri/Series C: Seri/Series C: Seri/Series C: Seri/Series C: Ekspansi kredit PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahap III October 2017 Keuangan 843,000 5 Tahun/years 2 November/ 7.75% dalam rangka mempunyai hubungan afiliasi
Tahun 2017 dengan Tingkat (“OJK”)/Financial November 2022 pengembangan dengan Bank/ PT Bank
suku Bunga Tetap/ Service Authority usaha/ Expand the Permata Tbk – Does not have
The Continuous Bonds II of (“FSA”) credit in order to any affiliation with the Bank.
Bank CIMB Niaga Phase III develop the business
Year 2017 with Fixed
Interest Rate
Obligasi Berkelanjutan II 1 Agustus/ Otoritas Jasa Seri/Series B : Seri/Series B : Seri/Series B : Seri/Series B: Ekspansi kredit PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahap IV August 2018 Keuangan 137,000 3 tahun/years 20 September/ 8.50% dalam rangka mempunyai hubungan afiliasi
Tahun 2018 dengan Tingkat (“OJK”)/Financial September 2021 pengembangan dengan Bank/ PT Bank
suku Bunga Tetap/The Service Authority usaha/ Expand the Permata Tbk – Does not have
Continuous Bonds II of Bank (“FSA”) Seri/Series C : Seri/Series C : Seri/Series C : Seri/Series C: credit in order to any affiliation with the Bank.
CIMB Niaga Phase IV Year 118,000 5 tahun/years 20 September/ 8.80% develop the business
2018 with Fixed Interest September 2023
Rate
Sukuk Mudharabah 8 November/ Otoritas Jasa Seri/Series B : Seri/Series B : Seri/Series B : Seri/Series B: Untuk menunjang PT Bank Permata Tbk - Tidak
Berkelanjutan I Bank CIMB November 2018 Keuangan 559,000 15 November/ 15 November/ 9.25% kegiatan mempunyai hubungan afiliasi
Niaga Tahap I Tahun (“OJK”)/Financial November 2021 November 2021 pembiayaan syariah/ dengan Bank/ PT Bank
2018/The Continuous Sukuk Service Authority To support sharia Permata Tbk – Does not have
Mudharabah I of Bank CIMB (“FSA”) financing activities any affiliation with the Bank.
Niaga Phase I Year 2018
Sukuk Mudharabah 21 Agustus/ Otoritas Jasa Seri/Series B : Seri/Series B : Seri/Series B : Seri/Series B: Untuk menunjang PT Bank Permata Tbk - Tidak
Berkelanjutan I Bank CIMB August 2019 Keuangan 936,000 3 tahun/years 21 Agustus/ 7.90% kegiatan mempunyai hubungan afiliasi
Niaga Tahap II Tahun (“OJK”)/Financial August 2022 pembiayaan syariah/ dengan Bank/ PT Bank
2019/The Continuous Sukuk Service Authority Seri/Series C : To support sharia Permata Tbk – Does not have
Mudharabah I of Bank CIMB (“FSA”) 429,000 Seri/Series C : Seri/Series C : Seri/Series C: financing activities any affiliation with the Bank.
Niaga Phase II Year 2019 5 tahun/years 21 Agustus/ 8.25%
August 2024
Halaman – 5/4 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 628
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
b. Penawaran umum saham dan obligasi Bank CIMB b. Public offering of Bank CIMB Niaga’s shares and
Niaga (lanjutan) bonds (continued)
Penawaran umum obligasi (lanjutan) Public offering of bonds (continued)
Bank CIMB Niaga (lanjutan) Bank CIMB Niaga (continued)
Jumlah pokok
obligasi
subordinasi/
Pernyataan The nominal
efektif/ value of the Tanggal jatuh Tingkat Wali Amanat - Keterkaitan
Instrumen/ Effective Persetujuan/ subordinated Jangka waktu/ tempo/ bunga/ usaha/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date Interest rate Tujuan/Purpose linkages
Obligasi Berkelanjutan III 19 Desember/ Otoritas Jasa Seri/Series B : Seri/Series B : Seri/Series B : Seri/Series B: Ekspansi kredit PT Bank Permata Tbk - Tidak
Bank CIMB Niaga Tahap I December 2019 Keuangan 1,066,000 3 tahun/years 19 Desember/ 7.55% dalam rangka mempunyai hubungan afiliasi
Tahun 2019 dengan Tingkat (“OJK”)/Financial December 2022 pengembangan dengan Bank/ PT Bank Permata
suku Bunga Tetap/ The Service Authority usaha/Expand the Tbk – Does not have any
Continuous Bonds III of (“FSA”) Seri/Series C : Seri/Series C : Seri/Series C : Seri/Series C: credit in order to affiliation with the Bank.
Bank CIMB Niaga Phase I 481,000 5 tahun/years 19 Desember/ 7.80% develop the
Year 2019 with Fixed December 2024 business.
Interest Rate
Sukuk Mudharabah 19 Maret/ March Otoritas Jasa 1,000,000 Seri/Series A : Seri/Series A : Seri/Series A: Ekspansi kredit PT Bank Permata Tbk - Tidak
berkelanjutan I Bank CIMB 2020 Keuangan Seri/Series A : 1 tahun/year 7 April/ April 5.80% dalam rangka mempunyai hubungan afiliasi
Niaga Tahap III Tahun (“OJK”)/Financial 322,000 2021 pengembangan dengan Bank/ PT Bank Permata
2020/ The Continuous Service Authority usaha/Expand the Tbk – Does not have any
Sukuk Mudharabah I of (“FSA”) Seri/Series B : Seri/Series B : Seri/Series B : Seri/Series B: credit in order to affiliation with the Bank.
Bank CIMB Niaga Phase III 287,000 3 tahun/years 27 Maret/ March 7.00% develop the
Year 2020 2023 business.
Seri/Series C : Seri/Series C : Seri/Series C : Seri/Series C:
391,000 5 tahun/years 27 Maret/ March 7.25%
2025
Obligasi di atas mensyaratkan Bank CIMB Niaga antara The above bonds requires Bank CIMB Niaga not to issue
lain untuk tidak menerbitkan obligasi atau instrumen bonds or medium term notes and long term notes
surat utang jangka menengah dan jangka panjang equivalent with the above bonds with higher priority of
lainnya yang sejenis dengan obligasi yang mempunyai payment than the bonds, as written in prospectus. Bank
kedudukan lebih tinggi dan pembayarannya CIMB Niaga has fulfilled the debt covenants requirement
didahulukan dari obligasi, sebagaimana tertulis dalam outlined in bond agreements.
prospektus. Bank CIMB Niaga telah memenuhi
pembatasan-pembatasan yang diwajibkan dalam
perjanjian obligasi.
Sehubungan dengan penerbitan obligasi tersebut, Bank In connection with the bond offering, Bank CIMB Niaga
CIMB Niaga memperoleh peringkat “idAAA” dari obtained a rating of “idAAA” from PT Pefindo. For the rating
PT Pefindo. Untuk peringkat obligasi sampai dengan of bonds up to the reporting date, refer to Note 28.
tanggal laporan, lihat Catatan 28.
c. Entitas Anak c. Subsidiaries
Bank CIMB Niaga mempunyai kepemilikan langsung Bank CIMB Niaga has direct ownership in the following
pada Entitas Anak berikut ini: Subsidiaries:
Tahun beroperasi
Persentase kepemilikan/ komersial/ Jumlah aset/
Percentage of ownership Year commercial Total assets
Nama perusahaan/ Kegiatan usaha/ Kedudukan/ operations
Company's name Business activity Domicile 2023 2022 2021 commenced 2023 2022 2021
Anak perusahaan/Subsidiaries
• PT CIMB Niaga Auto Finance Pembiayaan/Financing Jakarta 83.28% 83.28% 99.93% 1993 8,404,362 6,458,951 4,929,583
• PT CIMB Niaga Sekuritas Penjamin emisi efek/Securities underwriter Jakarta 97.32% 94.78% 94.78% 2019 566,846 273,756 258,074
Halaman – 5/5 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 629
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
Berikut adalah perubahan kepemilikan langsung Bank Below is the changes of Bank CIMB Niaga’s direct
CIMB Niaga pada Entitas Anak: ownership in the Subsidiaries:
Jumlah saham pada
tanggal laporan posisi
keuangan/
Total shares as at
Tahun/ statements of financial Persentase/
Year Peristiwa/Event position date Percentage
PT CIMB Niaga Auto Finance
1992 Kepemilikan awal Bank CIMB Niaga atas PT CIMB Niaga Auto Finance 90,000 99.94%
(“CNAF”)/The initial ownership of Bank CIMB Niaga in PT CIMB Niaga Auto
Finance (“CNAF”).
2012-2014 Peningkatan penyertaan modal pada CNAF/Increased investment on CNAF. 11,992,800 99.94%
2016 Penggabungan usaha CNAF dengan PT Kencana Internusa Artha Finance 13,990,779 99.93%
(”KITAF”) dimana CNAF merupakan perusahaan yang menerima
penggabungan/Merger between CNAF and PT Kencana Internusa Artha
Finance (”KITAF”) where CNAF is the surviving entity.
2021 Pengembalian saham oleh CNAF ke Bank CIMB Niaga atas saham yang dimiliki 1,998,681 99.93%
oleh Bank CIMB Niaga/Share retirement by CNAF to Bank CIMB Niaga on
shares owned by Bank CIMB Niaga
2022 Penerbitan saham baru CNAF/Issuance of new shares of CNAF 1,998,681 83.28%
PT CIMB Niaga Sekuritas
2019 Kepemilikan awal Bank CIMB Niaga atas PT CIMB Niaga Sekuritas (”CNS”)/The 990 99.00%
initial ownership of Bank CIMB Niaga in PT CIMB Niaga Sekuritas (”CNS”)
2019 Peningkatan penyertaan modal pada CNS/Increased investment on CNS 5,990 94.78%
2023 Peningkatan penyertaan modal pada CNS/Increased investment on CNS 11,990 97.32%
CIMB Niaga Auto Finance (“CNAF”) CIMB Niaga Auto Finance (“CNAF”)
Pembelian kembali saham CNAF dari pihak minoritas Buyback of CNAF’s shares from minority interest
Berdasarkan Akta No. 25 tanggal 29 Januari 2021, Based on Deed No. 25 dated 29 January 2021, made by
yang dibuat dihadapan Notaris Ashoya Ratam S.H., Notary Ashoya Ratam SH., M.Kn., regarding the
M.Kn., mengenai Pernyataan Keputusan Diluar Rapat Statement of Decisions Outside the General Meeting of
Umum Pemegang Saham PT CIMB Niaga Auto Shareholders of PT CIMB Niaga Auto Finance, CNAF has
Finance, CNAF telah melakukan pembelian kembali repurchased all outstanding shares owned by minority
seluruh saham yang beredar yang dimiliki oleh pihak interest on 29 January 2021. Therefore, as of the
minoritas pada tanggal 29 Januari 2021. Sehingga effectiveness of the repurchase of the shares, the
dengan demikian, terhitung sejak efektifnya composition of CNAF's shareholders become 99.93%
pembelian kembali saham tersebut, susunan owned by bank CIMB Niaga and 0.07% in the form of
pemegang saham CNAF menjadi sebesar 99,93% Treasury Shares. The change in shareholder composition
dimiliki oleh bank CIMB Niaga dan sebesar 0,07% was received and recorded by the Ministry of Law and
berupa Saham Treasuri. Perubahan susunan Human Rights on 29 January 2021 through Letter No.
pemegang saham tersebut telah diterima dan dicatat AHU-AH.01.03-0060342.
oleh Kementerian Hukum dan Hak Asasi Manusia
pada tanggal 29 Januari 2021 melalui Surat No. AHU-
AH.01.03-0060342.
Halaman – 5/6 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 630
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
CIMB Niaga Auto Finance (“CNAF”) (lanjutan) CIMB Niaga Auto Finance (“CNAF”) (continued)
Pengembalian saham oleh CNAF ke Bank CIMB Niaga Share retirement by CNAF to Bank CIMB Niaga on shares
atas saham yang dimiliki oleh Bank CIMB Niaga owned by Bank CIMB Niaga
Berdasarkan Akta No. 41 tanggal 26 Oktober 2021, Based on Deed No. 41 dated 26 October 2021, made by
yang dibuat dihadapan Notaris Ashoya Ratam S.H., Notary Ashoya Ratam SH, M.Kn., regarding the
M.Kn mengenai Pernyataan Keputusan Diluar Rapat Statement of Decisions Outside the General Meeting of
Umum Pemegang Saham PT CIMB Niaga Auto Shareholders of PT CIMB Niaga Auto Finance, CNAF has
Finance, CNAF telah melakukan penurunan Modal decreased CNAF's Authorised Capital from Rp 1,000,000
Dasar CNAF yang semula Rp 1.000.000 menjadi to
Rp 400.000 dan Modal Disetor CNAF yang semula Rp 400,000 and CNAFd's Paid-Up Capital from Rp
Rp 700.000 menjadi Rp 100.000. Penurunan modal 700,000 to Rp 100,000. The decrease in capital resulted
tersebut mengakibatkan pengembalian saham yang in a return of 11,992,098 shares (full amount) owned by
dimiliki Bank CIMB Niaga sebanyak 11.992.098 lembar Bank CIMB Niaga so that the number of shares owned by
saham (nilai penuh) sehingga jumlah saham yang Bank CIMB Niaga changed from the previous 13,990,779
dimiliki oleh Bank CIMB Niaga berubah dari yang shares (full amount) to 1,998,681 shares (full amount). For
sebelumnya sebanyak 13.990.779 lembar saham (nilai this transaction, Bank CIMB Niaga's percentage of
penuh) menjadi 1.998.681 lembar saham (nilai penuh). ownership in CNAF did not change, which was 99.93%.
Atas transaksi tersebut, persentase kepemilikan Bank
CIMB Niaga ke CNAF tidak mengalami perubahan yaitu
sebesar 99,93%.
Penerbitan saham baru CNAF Issuance of new shares of CNAF
Berdasarkan Akta No. 5 tanggal 6 Januari 2022, yang Based on Deed No. 5 dated 6 January 2022, made by
dibuat dihadapan Notaris Dini Lastari Siburian S.H., Notary Dini Lastari Siburian S.H., regarding the Statement
mengenai Pernyataan Keputusan Diluar Rapat Umum of Decisions Outside the General Meeting of Shareholders
Pemegang Saham PT CIMB Niaga Auto Finance, CNAF of PT CIMB Niaga Auto Finance, CNAF has issued new
telah menerbitkan saham baru dengan nilai transaksi shares with a transaction value of Rp 20,000. The new
sebesar Rp 20.000. Saham baru yang diterbitkan tersebut shares issued are 400,000 (full amount) shares with a
sebanyak 400.000 (nilai penuh) lembar saham dengan nominal value of Rp 50,000 (full amount) per share.
nilai nominal sebesar Rp 50.000 (nilai penuh) per lembar CNAF's Paid-in Capital has changed from Rp 100,000 to
saham. Jumlah Modal Disetor CNAF berubah dari yang Rp 120,000. The new shares are issued to non-controlling
semula sebesar Rp 100.000 menjadi sebesar Rp 120.000. interest with respective ownership below 1% each.
Saham baru tersebut diterbitkan ke pihak nonpengendali
dengan kepemilikan masing-masing dibawah 1%.
Atas transaksi tersebut, kepemilikan Bank CIMB Niaga With this transaction, Bank CIMB Niaga's ownership of
atas CNAF berubah dari semula sebesar 99,93% menjadi CNAF changed from 99.93% to 83.28%. Bank CIMB
sebesar 83,28%. Bank CIMB Niaga masih tetap menjadi Niaga still remains the controlling shareholder of CNAF.
pemegang saham pengendali atas CNAF.
Perubahan susunan pemegang saham tersebut telah The change in shareholder composition has been
diterima dan dicatat oleh Kementerian Hukum dan Hak received and recorded by the Ministry of Law and Human
Asasi Manusia Republik Indonesia melalui suratnya Rights of Republic of Indonesia through its letter No. AHU-
dengan No. AHU-AH.01.03-0014129 tertanggal AH.01.03-0014129 dated 7 January 2022.
7 Januari 2022.
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PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 631
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
CIMB Niaga Auto Finance (“CNAF”) (lanjutan) CIMB Niaga Auto Finance (“CNAF”) (continued)
Penerbitan saham baru CNAF (lanjutan) Issuance of new shares of CNAF (continued)
Penawaran umum obligasi Public offering of bonds
Jumlah pokok
obligasi
subordinasi/
Pernyataan The nominal
efektif/ value of the Tanggal jatuh Tingkat Wali Amanat - Keterkaitan
Instrumen/ Effective Persetujuan/ subordinated Jangka waktu/ tempo/ bunga/ usaha/ Trustee - Business
Instrument registration Approval bonds Tenor Maturity date Interest rate Tujuan/Purpose linkages
Sukuk Wakalah Bi Al- 8 Februari/ Otoritas Jasa Seri/Series A: Seri/Series A: Seri/Series A: Seri/Series A: Ekspansi PT Bank Syariah Indonesia
Istitsmar I CIMB Niaga Auto February 2023 Keuangan 700,000 370 hari/days 18 Februari/ 6.25% pembiayaan Tbk - Tidak mempunyai
Finance Tahun 2023 (“OJK”)/Financial February 2024 konsumen dalam hubungan afiliasi dengan
dengan Tingkat Suku Bunga Service Authority rangka CNAF/PT Bank Syariah
Tetap/Sukuk Wakalah Bi Al- (“FSA”) Seri/Series B: Seri/Series B: Seri/Series B: Seri/Series B: pengembangan Indonesia Tbk – Does not
Istitsmar I CIMB Niaga Auto 300,000 3 tahun/years 8 Februari/ 7.15% usaha/Expand the have any affiliation with CNAF
Finance Year 2023 with February 2026 consumer financing
Fixed Interest Rate in order to develop
the business.
Obligasi di atas mensyaratkan CNAF antara lain untuk The above bonds require CNAF, among others, not to
tidak mengurangi modal dasar, modal ditempatkan dan reduce authorised capital, issued capital and paid-up
modal disetor, kecuali pengurangan tersebut dilakukan capital, unless the reduction is made for the purpose of
untuk tujuan memenuhi ketentuan peraturan complying with the provisions of the applicable laws and
perundang-undangan yang berlaku. CNAF telah regulations. CNAF has complied with the covenants
memenuhi pembatasan-pembatasan yang diwajibkan required in the bond agreement.
dalam perjanjian obligasi.
Sehubungan dengan penerbitan obligasi tersebut, In connection with the bond offering, Bank CIMB Niaga
CNAF memperoleh peringkat “AAidn” dari PT Fitch obtained a rating of “AAidn” from PT Fitch Ratings
Ratings Indonesia. Untuk peringkat obligasi sampai Indonesia. For the rating of bonds up to the reporting
dengan tanggal laporan, lihat Catatan 28. date, refer to Note 28.
CIMB Niaga Sekuritas (“CNS”) CIMB Niaga Sekuritas (“CNS”)
Kepemilikan Bank CIMB Niaga atas CNS The ownership of Bank CIMB Niaga on CNS
CNS didirikan menurut hukum yang berlaku di CNS was established in accordance with laws
Indonesia, berdasarkan Akta Pendirian Perseroan applicable in Indonesia, by Notarial Deed No. 26 made
Terbatas No. 26 yang dibuat di hadapan Ashoya by Ashoya Ratam, notary in Jakarta dated 12 March
Ratam, notaris di Jakarta tanggal 12 Maret 2018. 2018.
Akta Pendirian ini disahkan oleh Menteri Hukum dan These deeds were approved by Minister of Law and
Hak Asasi Manusia Republik Indonesia dengan surat Human Rights of the Republic of Indonesia through
keputusan No.AHU-0021378.AH.01.01 Tahun 2018 decision letter No.AHU-0021378.AH.01.01 Year 2018
tanggal 20 April 2018. dated 20 April 2018.
CNS memperoleh izin usaha sebagai perusahaan yang CNS had obtained the license as securities company
bergerak dibidang efek, antara lain sebagai Penjamin that engaged in securities business, such as Securities
Emisi Efek dan Manajer Investasi dan/atau penasehat Underwriter and Investment Manager and/or
investasi berdasarkan Surat OJK No. S-26/D.04/2019 investment advisor based on OJK letter No. S-
tanggal 11 Maret 2019. 26/D.04/2019 dated 11 March 2019.
Halaman – 5/8 – Page
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Page 632
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
CIMB Niaga Sekuritas (“CNS”) (lanjutan) CIMB Niaga Sekuritas (“CNS”) (continued)
Kepemilikan Bank CIMB Niaga atas CNS (lanjutan) The ownership of Bank CIMB Niaga on CNS (continued)
Berdasarkan Akta No. 17 tanggal 17 Juli 2023, yang Based on Deed No. 17 dated 17 July 2023, by notary
dibuat dihadapan notaris Engawati Gazali, S.H., Engawati Gazali, S.H., regarding a Statement Concerning
mengenai Pernyataan Tentang Keputusan Para Shareholders' Resolutions Outside the Extraordinary
Pemegang Saham Diluar Rapat Umum Pemegang General Meeting of Shareholders of PT CIMB Niaga
Saham Luar Biasa PT CIMB Niaga Sekuritas, CNS telah Sekuritas, CNS has issued 6,000 (full amount) new shares
menerbitkan saham baru sebanyak 6.000 (nilai penuh) with a nominal value of Rp 50 per share which were
lembar saham dengan nilai nominal sebesar Rp 50 per purchased entirely by Bank CIMB Niaga. Due to this
lembar saham yang dibeli seluruhnya oleh Bank CIMB transaction, Bank CIMB Niaga's ownership of CNS
Niaga. Atas transaksi tersebut, kepemilikan Bank CIMB changed from 94.78% to 97.32%.
Niaga atas CNS berubah dari semula sebesar 94,78%
menjadi sebesar 97,32%.
Perubahan susunan pemegang saham tersebut telah The change in the composition of the shareholders has
diterima dan dicatat oleh Kementerian Hukum Dan Hak been received and recorded by the Ministry of Law and
Asasi Manusia Republik Indonesia melalui suratnya Human Rights of the Republic of Indonesia through its
dengan No. AHU-AH.01.03-0094925 tertanggal 20 Juli letter No. AHU-AH.01.03-0094925 dated 20 July 2023.
2023.
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan Unit, and Corporate Secretary
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the composition
susunan Dewan Komisaris dan Dewan Direksi Bank of Board of Commissioners (“BOC”) and Board of Directors
CIMB Niaga adalah sebagai berikut: (“BOD”) of Bank CIMB Niaga were as follow:
2023
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Vice President Commissioner
(Independen) Bpk/Mr. Glenn Muhammad Surya Yusuf (Independent)
Komisaris Bpk/Mr. Dato’ Abdul Rahman Ahmad Commissioner
Komisaris Ibu/Mrs. Vera Handajani Commissioner
Komisaris Independen Bpk/Mr. Jeffrey Kairupan Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
Komisaris Independen Ibu/Mrs. Farina J.Situmorang a) Independent Commissioner
a) Diangkat melalui RUPS Tahunan tanggal 10 April 2023 dan efektif setelah Appointed on Annual GMS dated 10 April 2023 and effective after obtaining a)
mendapatkan persetujuan dari OJK dan/atau terpenuhinya persyaratan yang approval from OJK and/or fulfilment of the requirements stipulated
ditetapkan dalam persetujuan OJK tersebut in the OJK approval
Halaman – 5/9 – Page
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Page 633
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the composition
susunan Dewan Komisaris dan Dewan Direksi Bank of Board of Commissioners (“BOC”) and Board of Directors
CIMB Niaga adalah sebagai berikut: (lanjutan) (“BOD”) of Bank CIMB Niaga were as follow: (continued)
2023
Dewan Direksi: Board of Directors:
Presiden Direktur Ibu/Mrs. Lani Darmawan President Director
Direktur Bpk/Mr. Lee Kai Kwong Director
Direktur Ibu/Mrs. Tjioe Mei Tjuen Director
Direktur Bpk/Mr. John Simon Director
Direktur Bpk/Mr. Pandji P. Djajanegara Director
Direktur Bpk/Mr. Henky Sulistyo Director
Direktur Bpk/Mr. Joni Raini Director
Direktur Bpk/Mr. Rusly Johannes Director
Direktur Bpk/Mr. Noviady Wahyudi Director
Direktur Kepatuhan Ibu/Mrs. Fransiska Oei Compliance Director
2022
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Vice President Commissioner
(Independen) Bpk/Mr. Glenn Muhammad Surya Yusuf (Independent)
Komisaris Bpk/Mr. Dato’ Abdul Rahman Ahmad Commissioner
Komisaris Ibu/Mrs. Vera Handajani Commissioner
Komisaris Independen Bpk/Mr. Jeffrey Kairupan Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
Dewan Direksi: Board of Directors:
Presiden Direktur Ibu/Mrs. Lani Darmawan b) President Director
Direktur Bpk/Mr. Lee Kai Kwong Director
Direktur Ibu/Mrs. Tjioe Mei Tjuen Director
Direktur Bpk/Mr. John Simon Director
Direktur Bpk/Mr. Pandji P. Djajanegara Director
Direktur Bpk/Mr. Henky Sulistyo b) Director
Direktur Bpk/Mr. Joni Raini b) Director
Direktur Bpk/Mr. Rusly Johannes c) Director
Direktur Bpk/Mr. Noviady Wahyudi d) Director
Direktur Kepatuhan Ibu/Mrs. Fransiska Oei Compliance Director
b) Diangkat melalui RUPS Luar Biasa tanggal 17 Desember 2021 dan efektif tanggal
8 Maret 2022 Appointed on Extraordinary GMS dated 17 December 2021 and effective on 8 March 2022 b)
c) Diangkat melalui RUPS Luar Biasa tanggal 17 Desember 2021 dan efektif tanggal 22
April 2022 Appointed on Extraordinary GMS dated 17 December 2021 and effective on 22 April 2022 c)
d) Diangkat melalui RUPS Tahunan tanggal 8 April 2022 dan efektif tanggal
16 Agustus 2022 Appointed on Annual GMS dated 8 April 2022 and effective on 16 August 2022 d)
Halaman – 5/10 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 634
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the composition
susunan Dewan Komisaris dan Dewan Direksi Bank of Board of Commissioners (“BOC”) and Board of Directors
CIMB Niaga adalah sebagai berikut: (lanjutan) (“BOD”) of Bank CIMB Niaga were as follow: (continued)
2021
Dewan Komisaris: Board of Commissioners:
Presiden Komisaris Bpk/Mr. Didi Syafruddin Yahya President Commissioner
Wakil Presiden Komisaris Bpk/Mr. Glenn Muhammad Surya Yusuf Vice President Commissioner
(Independen) (Independent)
Komisaris Bpk/Mr. Dato’ Abdul Rahman Ahmad e) Commissioner
Komisaris Ibu/Mrs. Vera Handajani f) Commissioner
Komisaris Bpk/Mr. David Richard Thomas g) Commissioner
Komisaris Independen Bpk/Mr. Jeffrey Kairupan Independent Commissioner
Komisaris Independen Ibu/Mrs. Sri Widowati Independent Commissioner
2021
Dewan Direksi: Board of Directors:
Presiden Direktur Ibu/Mrs. Lani Darmawan b) President Director
Presiden Direktur President Director
(sebelumnya) Bpk/Mr. Tigor M. Siahaan h) (previously)
Direktur Bpk/Mr. Lee Kai Kwong Director
Direktur Ibu/Mrs. Tjioe Mei Tjuen Director
Direktur Bpk/Mr. John Simon Director
Direktur Bpk/Mr. Pandji P. Djajanegara Director
Direktur Bpk/Mr. Henky Sulistyo b) Director
Direktur Bpk/Mr. Joni Raini b) Director
Direktur Bpk/Mr. Rusly Johannes c) Director
Direktur Kepatuhan Ibu/Mrs. Fransiska Oei Compliance Director
b) Diangkat melalui RUPS Luar Biasa tanggal 17 Desember 2021 dan efektif tanggal
8 Maret 2022 Appointed on Extraordinary GMS dated 17 December 2021 and effective on 8 March 2022 b)
c) Diangkat melalui RUPS Luar Biasa tanggal 17 Desember 2021 dan efektif tanggal 22
April 2022 Appointed on Extraordinary GMS dated 17 December 2021 and effective on 22 April 2022 c)
d) Diangkat melalui RUPS Tahunan tanggal 8 April 2022 dan efektif tanggal
16 Agustus 2022 Appointed on Annual GMS dated 8 April 2022 and effective on 16 August 2022 d)
e) Diangkat melalui RUPS Luar Biasa tanggal 25 September 2020 dan efektif pada Appointed on Extraordinary GMS dated 25 September 2020 and e)
tanggal 29 April 2021 effective on 29 April 2021
f) Diangkat melalui RUPS Luar Biasa tanggal 17 Desember 2021 dan efektif pada Appointed on Extraordinary General Meeting of Shareholders (GMS) dated 17 December 2021 and f)
tanggal 17 Desember 2021 effective on 17 December 2021
g) Mengundurkan diri sejak 31 Mei 2021 dan telah diterima tanggal efektif pengunduran Resigned on 31 May 2021 and the effective date of the resignation has been accepted on the g)
diri tersebut dalam RUPS Luar Biasa tanggal 17 Desember 2021 Extraordinary GMS on 17 December 2021
h) Mengundurkan diri sejak 17 Desember 2021 dan telah diterima tanggal efektif Resigned on 17 December 2021 and the effective date of the resignation has been accepted on the h)
pengunduran diri tersebut dalam RUPS Luar Biasa tanggal 17 Desember 2021 Extraordinary GMS on 17 December 2021
Halaman – 5/11 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 635
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the
susunan Komite Audit Bank CIMB Niaga adalah sebagai composition of Audit Committee of Bank CIMB Niaga were
berikut: as follow:
2023
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf ** i) Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto i) Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah j) Member
Anggota Bpk/Mr. Ronald T. A. Kasim k) Member
2022
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Ronald T. A. Kasim Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf ** i) Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto i) Member
2021
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Bpk/Mr. Ronald T. A. Kasim Member
* Komisaris Independen Independent Commissioner *
** Wakil Presiden Komisaris (Independen) Vice President Commissioner (Independent) **
i) Diangkat selaku anggota Komite Audit efektif per 21 Oktober 2022 Appointed as member of the Audit Committee effective since 21 October 2022 i)
j) Diangkat selaku anggota Komite Audit efektif per 20 Januari 2023 Appointed as member of the Audit Committee effective since 20 January 2023 j)
k) Mengundurkan diri efektif per 20 Januari 2023 Resigned effective on 20 January 2023 k)
Pembentukan Komite Audit Bank CIMB Niaga sesuai Establishment of Bank CIMB Niaga’s Audit Committee is
dengan Peraturan Otoritas Jasa Keuangan (“POJK”) in compliance with the requirements of Financial Services
No.55/POJK.03/2016 tanggal 7 Desember 2016 tentang Authority (“FSA”) Regulation No.55/POJK.03/2016 dated
Penerapan Tata Kelola Bagi Bank Umum dan POJK 7 December 2016 regarding Governance Implementation
No.55/POJK.04/2015 tanggal 29 Desember 2015 in Commercial Bank and FSA Regulation
tentang Pembentukan dan Pedoman Pelaksanaan No.55/POJK.04/2015 dated 29 December 2015 regarding
Kerja Komite Audit. Establishment and Guideline for Implementation Duty of
Audit Committee.
Halaman – 5/12 – Page
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Page 636
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the members
susunan Komite Pemantau Risiko Bank CIMB Niaga of Bank CIMB Niaga’s Risk Oversight Committee were as
adalah: follow:
2023
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto Member
Anggota Ibu/Mrs. Vera Handajani Member
Anggota Bpk/Mr. Jeffrey Kairupan * Member
Anggota Bpk/Mr. Ronald T. A. Kasim l) Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah m) Member
Anggota Ibu/Mrs. Farina J. Situmorang n) Member
2022
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto Member
Anggota Ibu/Mrs. Vera Handajani o) Member
Anggota Bpk/Mr. Jeffrey Kairupan * p) Member
2021
Ketua, merangkap anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Ibu/Mrs. Riatu Mariatul Qibthiyyah Member
Anggota Ibu/Mrs. Sri Indrastuti S. Hadiputranto Member
Anggota Bpk/Mr. David Richard Thomas q) Member
* Komisaris Independen Independent Commissioner *
** Presiden Komisaris President Commissioner **
*** Wakil Presiden Komisaris (Independen) Vice President Commissioner (Independent) ***
l) Diangkat selaku anggota Komite Pemantau Risiko efektif per 20 Januari 2023 Appointed as member of the Risk Oversight Committee effective since 20 January 2023 l)
m) Mengundurkan diri efektif per 20 Januari 2023 Resigned effective on 20 January 2023 m)
n) Efektif setelah mendapat persetujuan dari OJK sebagai Komisaris Independen Bank Effective after obtaining approval from OJK as Independent Commissioner of the Bank n)
o) Diangkat selaku anggota Komite Pemantau Risiko efektif per 24 Januari 2022 Appointed as member of the Risk Oversight Committee effective since 24 January 2022 o)
p) Diangkat selaku anggota Komite Pemantau Risiko efektif per 21 Oktober 2022 Appointed as member of the Risk Oversight Committee effective since 21 October 2022 p)
q) Mengundurkan diri efektif per 31 Mei 2021 dan telah diterima tanggal efektif Resigned on 31 May 2021 and the effective date of the resignation has been accepted on the q)
pengunduran diri tersebut dalam RUPS Luar Biasa tanggal 17 Desember 2021 Extraordinary GMS on 17 December 2021
Halaman – 5/13 – Page
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Page 637
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the members of
susunan Komite Nominasi dan Remunerasi Bank CIMB Bank CIMB Niaga’s Nomination and Remuneration
Niaga adalah: Committee were as follow:
2023 dan/and 2022
Ketua, merangkap anggota Ibu/Mrs. Sri Widowati * Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Member
Anggota Ibu/Mrs. Nora Joice Kimbal Member
2021
Ketua, merangkap anggota Ibu/Mrs. Sri Widowati * Chairman, concurrently as member
Anggota Bpk/Mr. Didi Syafruddin Yahya ** Member
Anggota Bpk/Mr. Glenn Muhammad Surya Yusuf *** Member
Anggota Ibu/Mrs. Nora Joice Kimbal r) Member
Anggota Bpk/Mr. Joni Raini s) Member
* Komisaris Independen Independent Commissioner *
** Presiden Komisaris President Commissioner **
*** Wakil Presiden Komisaris (Independen) Vice President Commissioner (Independent) ***
r) Diangkat selaku anggota Komite Nominasi dan Remunerasi efektif per
17 Desember 2021 Appointed as Nomination and Remuneration Committee effective since 17 December 2021 r)
s) Berakhir masa jabatannya pada tanggal 17 Desember 2021 dan pada saat yang sama Term of office ended on 17 December 2021 and at the same time appointed as s)
diangkat menjadi direktur Bank director of the Bank
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the members of
susunan Komite Tata Kelola Terintegrasi Bank CIMB Bank CIMB Niaga’s Integrated Governance Committee
Niaga adalah: were as follow:
2023
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Ibu/Mrs. Serena K. Ferdinandus Member
Anggota Bpk/Mr. Yulizar D. Sanrego Member
Anggota Bpk/Mr. Achiran Pandu Djajanto Member
Anggota Ibu/Mrs. Angelique Dewi Daryanto t) Member
2022 dan/and 2021
Ketua, merangkap anggota Bpk/Mr. Jeffrey Kairupan * Chairman, concurrently as member
Anggota Ibu/Mrs. Endang Kussulanjari S. Member
Anggota Ibu/Mrs. Serena K. Ferdinandus Member
Anggota Bpk/Mr. Yulizar D. Sanrego Member
Anggota Bpk/Mr. Achiran Pandu Djajanto Member
* Komisaris Independen Independent Commissioner *
t) Diangkat selaku anggota Komite Tata Kelola Terintegrasi efektif per 10 April 2023 Appointed as member of the Integrated Governance Committee effective since 10 April 2023 t)
Halaman – 5/14 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 638
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Dewan Komisaris, Dewan Direksi, Komite Audit, d. Board of Commissioners, Board of Directors, Audit
Komite Pemantau Risiko, Komite Nominasi dan Committee, Risk Oversight Committee, Nomination
Remunerasi, Komite Tata Kelola Terintegrasi, and Remuneration Committee, Integrated Governance
Dewan Pengawas Syariah, Satuan Kerja Audit Committee, Sharia Supervisory Board, Internal Audit
Internal, dan Sekretaris Perusahaan (lanjutan) Unit, and Corporate Secretary (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the members
susunan Dewan Pengawas Syariah Bank CIMB Niaga of Bank CIMB Niaga’s Sharia Supervisory Board were as
adalah: follows:
2023,2022 dan/and 2021
Ketua Bpk/Mr. Prof. Dr. M. Quraish Shihab, MA Chairman
Anggota Bpk/Mr. Prof. Dr. Fathurrahman Djamil, MA Member
Anggota Bpk/Mr. Dr. Yulizar Djamaluddin Sanrego, M.Ec Member
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the Chief of
Kepala Satuan Kerja Audit Internal Bank CIMB Niaga Bank CIMB Niaga’s Internal Audit Unit was Mr. Antonius
adalah Bapak Antonius Pramana Gunadi. Pramana Gunadi.
Pada tanggal 31 Desember 2023, 2022, dan 2021, As of 31 December 2023, 2022, and 2021, the Bank CIMB
Sekretaris Perusahaan Bank CIMB Niaga adalah Ibu Niaga’s Corporate Secretary was Mrs. Fransiska Oei.
Fransiska Oei.
Pada tanggal 31 Desember 2023, karyawan Bank As at 31 December 2023, the number of employees of
CIMB Niaga berjumlah 11.116 (2022: 10.936; 2021: Bank CIMB Niaga was 11,116 (2022: 10,936; 2021:
11.194) (tidak audit). 11,194) (unaudited).
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
Laporan keuangan konsolidasian PT Bank CIMB Niaga Tbk The consolidated financial statements of PT Bank CIMB
dan Entitas Anak diselesaikan dan diotorisasi untuk terbit Niaga Tbk and Subsidiaries were completed and authorised
oleh Direksi pada tanggal 19 Februari 2024. for issuance by the Board of Directors on
19 February 2024.
Kebijakan akuntansi material yang diterapkan dalam The material accounting policy adopted in preparing the
penyusunan laporan keuangan konsolidasian adalah seperti consolidated financial statements are set out below:
dijabarkan di bawah ini:
a. Dasar penyusunan laporan keuangan konsolidasian a. Basis of preparation of the consolidated financial
statements
Laporan keuangan konsolidasian disusun dan disajikan The consolidated financial statements were prepared and
sesuai dengan Standar Akuntansi Keuangan di stated in accordance with Indonesian Financial Accounting
Indonesia yang dikeluarkan oleh Ikatan Akuntan Standards issued by the Indonesian Institute of
Indonesia. Accountants.
Halaman – 5/15 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 639
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
a. Dasar penyusunan laporan keuangan konsolidasian a. Basis of preparation of the consolidated financial
(lanjutan) statements (continued)
Laporan keuangan konsolidasian juga disusun sesuai The consolidated financial statements have been also
dengan Keputusan Ketua Bapepam-LK prepared in accordance with the Decree of the
No. KEP-347/BL/2012 tanggal 25 Juni 2012 yang Chairman of Bapepam-LK No. KEP-347/BL/2012
merupakan perubahan terakhir atas Keputusan Ketua dated 25 June 2012 which is the latest change of the
Bapepam-LK No. KEP 554/BL/2010 tanggal Decree of the Chairman of Bapepam-LK No. KEP
30 Desember 2010 dan Keputusan Ketua Bapepam-LK 554/BL/2010 dated 30 December 2010 and the Decree
No. KEP-06/PM/2000 tanggal 13 Maret 2000 yaitu of the Chairman of Bapepam-LK No. KEP-06/PM/2000
Peraturan No. VIII.G.7 tentang “Penyajian dan dated 13 March 2000 on Regulation No. VIII.G.7
Pengungkapan Laporan Keuangan Emiten atau regarding “Financial Statements Presentation and
Perusahaan Publik”. Disclosure of the Issuer or Public Company”.
Laporan keuangan konsolidasian disusun berdasarkan The consolidated financial statements have been
harga perolehan kecuali untuk aset keuangan yang prepared under the historical cost convention, except
diukur pada nilai wajar melalui penghasilan for financial assets measured at fair value through
komprehensif lain, aset dan liabilitas keuangan yang other comprehensive income, financial assets and
diukur pada nilai wajar melalui laba rugi, instrumen liabilities measured at fair value through profit or loss,
derivatif yang diukur berdasarkan nilai wajar, dan aset all derivative contracts which have been measured at
tetap berupa tanah dan bangunan yang diukur fair value, and fixed assets of lands and buildings which
berdasarkan nilai wajar sesuai model revaluasi. Nilai have been measured at fair value in accordance with
tercatat dari aset dan liabilitas yang merupakan item revaluation model. The carrying values of recognised
yang dilindung nilai dalam lindung nilai atas nilai wajar, assets and liabilities that are hedged items in fair value
yang seharusnya disajikan sebesar harga perolehan, hedges, and otherwise carried at cost, are adjusted to
disesuaikan dengan perubahan nilai wajar yang dapat record changes in fair value attributable to the risks that
diatribusikan dengan risiko yang dilindungnilaikan. are being hedged. The consolidated financial
Laporan keuangan konsolidasian disusun berdasarkan statements are prepared under the accrual basis of
akuntansi berbasis akrual, kecuali laporan arus kas accounting, except for the consolidated statements of
konsolidasian. cash flows.
Laporan arus kas konsolidasian disusun menggunakan The consolidated statement of cash flows is prepared
metode langsung dan arus kas dikelompokkan atas based on the direct method by classifying cash flows
dasar kegiatan operasi, investasi, dan pendanaan. on the basis of operating, investing, and financing
Untuk tujuan laporan arus kas konsolidasian, kas dan activities. For the purpose of the consolidated
setara kas mencakup kas, giro pada BI, giro pada bank statements of cash flows, cash and cash equivalents
lain, dan investasi jangka pendek lancar lainnya dengan include cash, current accounts with BI, current
jangka waktu 3 (tiga) bulan atau kurang sejak tanggal accounts with other banks, and other short term highly
perolehan. liquid investments with original maturities of 3 (three)
months or less from the acquisition date.
Seluruh angka dalam laporan keuangan konsolidasian Figures in the consolidated financial statements are
ini, kecuali dinyatakan secara khusus, dibulatkan dan rounded to and stated in millions of Rupiah, unless
disajikan dalam jutaan Rupiah yang terdekat. otherwise stated.
Halaman – 5/16 – Page
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Page 640
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
a. Dasar penyusunan laporan keuangan konsolidasian a. Basis of preparation of the consolidated financial
(lanjutan) statements (continued)
Penyusunan laporan keuangan sesuai dengan Standar The preparation of financial statements in
Akuntansi Keuangan di Indonesia mengharuskan conformity with Indonesian Financial Accounting
penggunaan estimasi dan asumsi. Hal tersebut juga Standards requires the use of certain critical
mengharuskan manajemen untuk membuat accounting estimates and assumptions. It also
pertimbangan dalam proses penerapan kebijakan requires management to exercise its judgement in
akuntansi Bank CIMB Niaga dan Entitas Anak. Area the process of applying the Bank CIMB Niaga and
yang kompleks atau memerlukan tingkat pertimbangan Subsidiaries accounting policy. The areas involving a
yang lebih tinggi atau area dimana asumsi dan estimasi higher degree of judgement or complexity, or areas
dapat berdampak signifikan terhadap laporan keuangan where assumptions and estimates are significant to the
konsolidasian diungkapkan di Catatan 3. consolidated financial statements are disclosed in
Note 3.
b. Perubahan informasi kebijakan akuntansi material b. Change in material accounting policy information
Kecuali dinyatakan di bawah ini, kebijakan akuntansi Except as described below, the accounting policy
telah diterapkan secara konsisten dengan laporan applied are consistent with those of the consolidated
keuangan konsolidasian pada tanggal dan untuk tahun financial statements as at and for the year ended
yang berakhir 31 Desember 2022 dan 2021 yang telah 31 December 2022 and 2021 which conform to the
sesuai dengan Standar Akuntansi Keuangan di Indonesian Financial Accounting Standards.
Indonesia.
Dewan Standar Akuntansi Keuangan Ikatan Akuntan Financial Accounting Standard Board of Indonesia
Indonesia (“DSAK-IAI”) telah melakukan revisi atas Institute of Accounting (“DSAK-IAI”) has issued revision
beberapa standar akuntansi yang berlaku efektif pada of the following accounting standards which are
tanggal 1 Januari 2023, sebagai berikut: effective as at 1 January 2023, as follows:
- Amandemen PSAK 1 : “Penyajian Laporan - Amendment of SFAS 1: “Presentation of Financial
Keuangan” tentang pengungkapan kebijakan Statements” regarding disclosure of accounting
akuntansi yang mengubah istilah “signifikan” policies that change the term "significant" to
menjadi “material” dan memberi penjelasan "material" and provide explanations of material
mengenai kebijakan akuntansi material”; accounting policies”;
- Amendemen PSAK 1: “Penyajian Laporan - Amendment of SFAS 1: “Presentation of Financial
Keuangan” tentang klasifikasi liabilitas; Statements” regarding classification of liabilities;
- Amendemen PSAK 25: “Kebijakan Akuntansi, - Amendment of SFAS 25: “Accounting Policies,
Perubahan Estimasi Akuntansi, dan Kesalahan” Changes in Accounting Estimates, and Errors”
tentang definisi “estimasi akuntansi” dan regarding the definition of “accounting estimates”
penjelasannya; and their explanations;
- Amendemen PSAK 16: “Aset Tetap” tentang hasil - Amendment of SFAS 16: “Fixed Assets” regarding
sebelum penggunaan yang diintensikan; proceeds before intended use;
- Amendemen PSAK 46: “Pajak Penghasilan” - Amendment of SFAS 46: "Income Tax" on Deferred
tentang Pajak Tangguhan terkait Aset dan Tax related to Assets and Liabilities arising from a
Liabilitas yang timbul dari Transaksi Tunggal yang Single Transaction which adopted from Amended
diadopsi dari Amendemen IAS 12 Income Taxes IAS 12 Income Taxes on Deferred Tax related to
tentang Deferred Tax related to Assets and Assets and Liabilities arising from a Single
Liabilities arising from a Single Transaction; dan Transaction; and
- Amendemen PSAK 107: “Akuntansi Ijarah”, - Amendement of SFAS 107: “Ijarah Accounting”,
dimana salah satu amandemennya terkait dengan where one of the amendments is related to ijarah
ijarah atas jasa. for services.
Halaman – 5/17 – Page
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Page 641
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
b. Perubahan kebijakan akuntansi yang material b. Change in material accounting policy (continued)
(lanjutan)
Revisi atas standar akuntansi diatas tidak memiliki Revision of those accounting standards had no
dampak yang signifikan terhadap jumlah yang significant impact on the amounts reported for current
dilaporkan pada periode berjalan atau periode period or prior period.
sebelumnya.
Siaran pers DSAK-IAI terkait PSAK 24 (Imbalan DSAK-IAI press release regarding PSAK 24
Kerja) – Pengatribusian Imbalan Pada Periode Jasa (Employee Benefits) – Attribution of Benefits in
Service Period
Pada bulan April 2022, DSAK-IAI menerbitkan siaran In April 2022, DSAK-IAI published a press release as
pers sebagai materi penjelasan atas persyaratan explanatory material on the related requirements in
terkait dalam PSAK 24 (Imbalan Kerja) untuk PSAK 24 (Employee Benefits) to answer questions
menjawab pertanyaan berbasis pola fakta tertentu atas based on certain fact patterns regarding pension
program pensiun berbasis Undang-Undang programs based on the current Labor Law. The press
Ketenagakerjaan yang berlaku saat ini. Siaran pers release explains when entities start to attribute benefits
tersebut menjelaskan mengenai kapan entitas mulai to the service period, especially in terms of the amount
mengatribusikan imbalan pada periode jasa, of pension benefits capped at a certain number of years
khususnya dalam hal besaran imbalan pensiun dibatasi of service, and pension benefits are calculated using
(capped) pada jumlah tahun jasa tertentu, dan imbalan only the number of consecutive years of service. for
pensiun tersebut dihitung hanya dengan menggunakan employee service to the entity immediately before
jumlah tahun kerja berturut-turut (consecutive years of retirement age.
service) atas jasa pekerja kepada entitas segera
sebelum usia pensiun.
Siaran pers tersebut tidak memiliki dampak yang The press release had no significant impact on the
signifikan terhadap jumlah yang dilaporkan pada tahun amounts reported in the current year or prior years.
berjalan atau tahun-tahun sebelumnya.
c. Prinsip konsolidasi c. Principles of consolidation
Laporan keuangan konsolidasian meliputi laporan The consolidated financial statements include the
keuangan Bank CIMB Niaga dan Entitas Anak. financial statements of Bank CIMB Niaga and
Subsidiaries.
Bank mengendalikan suatu entitas ketika Bank The Bank controls an entity when the Bank is exposed
terekspos terhadap, atau memiliki hak atas, to, or has right to, variable returns from its involvement
pengembalian variabel dari keterlibatannya terhadap with the entity and has the ability to affect those return
entitas dan memiliki kemampuan untuk mempengaruhi through its power over the entity.
pengembalian tersebut melalui kekuasaannya atas
entitas tersebut.
Dampak signifikan dari seluruh transaksi dan saldo The significant effects of all transactions and balances
antara perusahaan-perusahaan yang dikonsolidasikan between the consolidated companies have been
telah dieliminasi dalam penyajian laporan keuangan eliminated in preparing the consolidated financial
konsolidasian. statements.
Halaman – 5/18 – Page
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Page 642
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
c. Prinsip konsolidasi (lanjutan) c. Principles of consolidation (continued)
Kebijakan akuntansi material yang dipakai dalam The material accounting policy adopted in preparing
penyajian laporan keuangan konsolidasian telah the consolidated financial statements have been
diterapkan secara konsisten oleh Bank CIMB Niaga dan consistently applied by Bank CIMB Niaga and
Entitas Anak, kecuali dinyatakan secara khusus. Subsidiaries, unless otherwise stated.
Kepentingan nonpengendali atas hasil usaha dan Non-controlling interests in the results and equity of
ekuitas Entitas Anak disajikan terpisah pada masing- the Subsidiaries are shown separately in the
masing laporan laba rugi dan penghasilan komprehensif consolidated statement of profit or loss and other
lain konsolidasian serta laporan posisi keuangan comprehensive income and consolidated statement of
konsolidasian. financial positions, respectively.
Bila pengendalian atas suatu entitas diperoleh dalam Where control of an entity is obtained during current
tahun berjalan, hasil usaha entitas tersebut dicatat year, its results are recorded as profit or loss from the
sebagai laba rugi sejak tanggal pengendalian dimulai. date on which control commences. When control
Bila pengendalian berakhir dalam tahun berjalan, hasil ceases during current year, its results are included in
usaha entitas tersebut dimasukkan ke dalam laporan the consolidated financial statements for the part of the
keuangan konsolidasian untuk periode dimana period during which control existed.
pengendalian masih berlangsung.
d. Kebijakan Akuntansi Entitas Anak d. Accounting Policy for Subsidiaries
Entitas Anak adalah seluruh entitas (termasuk entitas Subsidiaries are all entities (including structured
terstruktur) dimana Bank memiliki pengendalian. Entitas entities) overwhich the Bank has control. Subsidiaries
Anak dikonsolidasikan secara penuh sejak tanggal are fully consolidated from the date on which control is
dimana pengendalian dialihkan kepada Bank. Entitas transferred to the Bank. They are deconsolidated from
Anak tidak dikonsolidasikan lagi sejak tanggal dimana the date on which that control ceases.
Bank kehilangan pengendalian.
Bank CIMB Niaga menggunakan metode akuisisi untuk Bank CIMB Niaga uses the acquisition method to
mencatat kombinasi bisnis. Imbalan yang dialihkan account for business combinations. The consideration
untuk akuisisi suatu Entitas Anak adalah sebesar nilai transferred for the acquisition of a Subsidiary is the fair
wajar aset yang dialihkan, liabilitas yang diakui dan value of the assets transferred, the liabilities incurred
kepentingan ekuitas yang diterbitkan oleh Bank CIMB and the equity interests issued by Bank CIMB Niaga.
Niaga. Imbalan yang dialihkan termasuk nilai wajar aset The consideration transferred includes the fair value of
atau liabilitas yang timbul dari kesepakatan imbalan any asset or liability resulting from a contingent
kontinjensi. consideration arrangement.
Biaya terkait akuisisi dibebankan ketika terjadi. Aset Acquisition related costs are expensed as incurred.
teridentifikasi yang diperoleh dan liabilitas serta liabilitas Identifiable assets acquired and liabilities and
kontinjensi yang diambil alih dalam suatu kombinasi contingent liabilities assumed in a business
bisnis diukur pada awalnya sebesar nilai wajar pada combination are initially measured at their fair values
tanggal akuisisi. at the acquisition date.
Untuk setiap akuisisi, Bank CIMB Niaga mengakui On an acquisition by acquisition basis, Bank CIMB
kepentingan nonpengendali pada pihak yang diakuisisi Niaga recognises any non-controlling interest in the
baik sebesar nilai wajar atau sebesar bagian acquiree either at fair value or at the non-controlling
proporsional kepentingan nonpengendali atas aset neto interest’s proportionate share of the acquiree’s net
pihak yang diakuisisi. assets.
Halaman – 5/19 – Page
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Page 643
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
d. Kebijakan Akuntansi Entitas Anak (lanjutan) d. Accounting Policy for Subsidiaries (continued)
Selisih lebih imbalan yang dialihkan, jumlah The excess of the consideration transferred the
kepentingan nonpengendali pada pihak yang diakuisisi amount of any non-controlling interest in the acquiree
serta nilai wajar pada tanggal akuisisi kepentingan and the acquisition date fair value of any previous
ekuitas sebelumnya dimiliki pihak pengakuisisi atas nilai equity interest in the acquiree over the fair value of the
wajar aset teridentifikasi yang diakuisisi dicatat sebagai identifiable net assets acquired is recorded as
goodwill. Jika jumlah ini lebih rendah dari nilai wajar goodwill. If this is less than the fair value of the net
aset neto entitas yang diakuisisi dalam kasus assets of the subsidiaries acquired in the case of a
pembelian dengan diskon, selisihnya diakui langsung bargain purchase, the difference is recognised directly
sebagai laba rugi. in profit or loss.
e. Penjabaran mata uang asing e. Foreign currency translation
Mata uang fungsional Functional currency
Laporan keuangan konsolidasian Bank CIMB Niaga Consolidated financial statements Bank CIMB Niaga
dan Entitas Anak disajikan dalam Rupiah yang and Subsidiaries are presented in Rupiah which is the
merupakan mata uang fungsional Bank CIMB Niaga functional currency of the Bank CIMB Niaga and
dan Entitas Anak. Subsidiaries.
Mata uang pelaporan Reporting currency
Laporan keuangan konsolidasian disajikan dalam mata The consolidated financial statements are presented in
uang Rupiah, yang merupakan mata uang pelaporan Rupiah, which is the reporting currency of Bank CIMB
Bank CIMB Niaga dan Entitas Anak. Niaga and Subsidiaries.
Transaksi dan saldo Transactions and balances
Transaksi dalam mata uang asing dijabarkan ke dalam Transactions denominated into a foreign currency are
mata uang Rupiah dengan menggunakan kurs yang converted into Rupiah at the exchange rate prevailing
berlaku pada tanggal transaksi. at the date of the transaction.
Aset dan liabilitas moneter dalam mata uang asing Monetary assets and liabilities denominated in foreign
dijabarkan ke dalam Rupiah menggunakan kurs currency are translated into Rupiah with the closing
penutupan pada tanggal pelaporan dengan rate as at the reporting date using Bank Indonesia’s
menggunakan kurs spot Bank Indonesia di sistem spot rate in Reuters’s system at 4.00 p.m.
Reuters pada pukul 16.00 WIB untuk tanggal WIB (Western Indonesian Time) on 31 December
31 Desember 2023, 2022, dan 2021. Aset dan liabilitas 2023, 2022, and 2021. Non-monetary assets and
non-moneter dalam mata uang asing yang diukur liabilities measured at historical cost denominated in a
berdasarkan biaya historis dijabarkan ke dalam Rupiah foreign currency are translated into Rupiah with the
dengan kurs pada tanggal pengakuan awal. Aset dan exchange rate as at the date of initial recognition.
liabilitas non-moneter yang diukur berdasarkan nilai Non-monetary assets and liabilities in a foreign
wajar dijabarkan ke dalam Rupiah dengan kurs pada currency that are measured at fair value are translated
tanggal nilai wajar ditentukan. into Rupiah using the exchange rates at the date when
the fair value was determined.
Keuntungan atau kerugian selisih kurs yang timbul dari Exchange gains or losses arising on transactions in
transaksi dalam mata uang asing dan dari penjabaran foreign currency and on the translation of foreign
aset dan liabilitas moneter dalam mata uang asing, currency monetary assets and liabilities are recognised
diakui sebagai laba rugi, kecuali apabila ditangguhkan as profit or loss, except when deferred in other
pada pendapatan komprehensif lainnya sebagai comprehensive income as qualifying cash flow hedges.
lindung nilai arus kas yang memenuhi syarat.
Halaman – 5/20 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 644
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
e. Penjabaran mata uang asing (lanjutan) e. Foreign currency translation (continued)
Selisih penjabaran mata uang asing atas efek utang Translation differences on debt securities and other
dan aset moneter keuangan lainnya yang diukur monetary financial assets measured at fair value are
berdasarkan nilai wajar dicatat sebagai bagian dari included in foreign exchange gains and losses.
keuntungan dan kerugian selisih kurs.
Berikut ini adalah kurs mata uang asing utama yang Below are the major exchange rates used for
digunakan untuk penjabaran pada tanggal translation as at 31 December 2023, 2022 and 2021:
31 Desember 2023, 2022, dan 2021:
2023 2022 2021
Pound Sterling 19,627 18,786 19,251 Pound Sterling
Franc Swiss 18,299 16,827 15,585 Swiss Franc
Euro 17,038 16,582 16,112 Euro
Dolar Amerika Serikat 15,397 15,568 14,253 United States Dollar
Dolar Singapura 11,676 11,593 10,555 Singapore Dollar
Dolar Kanada 11,630 11,486 11,193 Canadian Dollar
Dolar Australia 10,521 10,558 10,347 Australian Dollar
Dolar Selandia Baru 9,766 9,851 9,732 New Zealand Dollar
Riyal Saudi Arabia 4,106 4,139 3,796 Saudi Arabian Riyal
Ringgit Malaysia 3,355 3,534 3,418 Ringgit Malaysia
Yuan China 2,170 2,239 2,235 Chinese Yuan
Dolar Hong Kong 1,971 1,997 1,828 Hong Kong Dollar
Thai Baht 450 451 429 Thai Baht
Yen Jepang 109 118 124 Japanese Yen
f. Aset dan liabilitas keuangan f. Financial assets and liabilities
(i) Aset keuangan (i) Financial assets
Bank CIMB Niaga dan Entitas Anak Bank CIMB Niaga and Subsidiaries classify its
mengklasifikasikan aset keuangannya dalam financial assets in categories (A) financial assets
kategori (A) aset keuangan yang diukur pada nilai measured at fair value through profit or loss
wajar melalui laba rugi (FVTPL), (B) aset (FVTPL), (B) financial assets measured at
keuangan yang diukur pada biaya perolehan amortised cost, and (C) financial assets measured
diamortisasi, dan (C) aset keuangan yang diukur at fair value through other comprehensive income
pada nilai wajar melalui penghasilan (FVOCI). This classification depends on the
komprehensif lain (FVOCI). Klasifikasi ini business model of obtaining the financial assets.
tergantung model bisnis dari perolehan aset Management determines the classification of its
keuangan tersebut. Manajemen menentukan financial assets at the initial recognition.
klasifikasi aset keuangan tersebut pada saat awal
pengakuannya.
Aset keuangan diklasifikasikan menjadi kategori Financial assets are classified into these
tersebut di atas berdasarkan model bisnis Bank categories based on the business model Bank and
dan Entitas Anak untuk mengelola aset keuangan Subsidiaries’ for managing the financial assets
dan persyaratan kontraktual arus kas. Model and the contractual terms of the cash flows. The
bisnis merefleksikan bagaimana kelompok aset business model reflects how groups of financial
keuangan dikelola untuk mencapai tujuan bisnis assets are managed to achieve a particular
tertentu. business objective.
Halaman – 5/21 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 645
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(A) Aset keuangan yang diukur pada nilai wajar (A) Financial assets measured at fair value
melalui laba rugi (FVTPL) through profit or loss (FVTPL)
Aset keuangan diklasifikasikan dalam Financial assets classified as fair value
kelompok diukur pada nilai wajar melalui through profit or loss if they are acquired or
laba rugi jika diperoleh atau dimiliki terutama owned primarily for the purpose of selling or
untuk tujuan dijual atau dibeli kembali dalam repurchasing in the near future or if they are
waktu dekat atau jika merupakan bagian part of portfolio of certain financial
dari portofolio instrumen keuangan tertentu instruments that are jointly managed and
yang dikelola bersama dan terdapat bukti there is evidence of profit taking patterns in
mengenai pola ambil untung dalam jangka the short term. Derivatives are also
pendek (short term profit taking) yang categorised as fair value through profit or
terkini. Derivatif juga dikategorikan dalam loss, except for derivatives that are
kelompok diukur pada nilai wajar melalui designated and effective as hedging
laba rugi, kecuali derivatif yang ditetapkan instruments.
dan efektif sebagai instrumen lindung nilai.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair value
melalui laba rugi kecuali tes model bisnis through profit or loss except business model
dan tes arus kas kontraktual menunjukkan test and contractual cash flow test show that
bahwa aset keuangan tersebut masuk ke financial assets are included in the
dalam klasifikasian yang diukur pada biaya classification that are measured at amortised
perolehan diamortisasi atau nilai wajar cost or fair value through other
melalui penghasilan komprehensif lain. comprehensive income.
Instrumen keuangan yang dikelompokkan Financial instruments classified into this
ke dalam kategori ini diakui pada nilai category are recognised at fair value at initial
wajarnya pada saat pengakuan awal; biaya recognition; transaction costs (if any) are
transaksi (jika ada) diakui secara langsung recognised directly in the consolidated profit
ke dalam laporan laba rugi konsolidasian. or loss. Gains and losses arising from
Keuntungan dan kerugian yang timbul dari changes in fair value and sale of financial
perubahan nilai wajar dan penjualan instruments are recognised in the
instrumen keuangan diakui di dalam laporan consolidated profit or loss and are recorded
laba rugi konsolidasian dan dicatat masing- as “Gains/(losses) from changes in fair value
masing sebagai “Keuntungan/ (kerugian) of financial instruments” and “Gains/(losses)
dari perubahan nilai wajar instrumen from sales of financial instruments”. Interest
keuangan” dan “Keuntungan/ (kerugian) income from financial instruments in the
dari penjualan instrumen keuangan”. group measured at fair value through profit
Pendapatan bunga dari instrumen or loss is recorded as “Interest income”.
keuangan dalam kelompok diukur pada nilai
wajar melalui laba rugi dicatat sebagai
“Pendapatan bunga”.
(B) Aset keuangan yang diukur pada biaya (B) Financial assets measured at amortised
perolehan diamortisasi cost
Aset keuangan diukur pada biaya Financial assets measured at amortised cost
perolehan diamortisasi jika aset keuangan if the financial assets are managed in a
dikelola dalam model bisnis yang bertujuan business model that aims to have financial
untuk memiliki aset keuangan dalam assets in order to obtain contractual cash
rangka mendapatkan arus kas kontraktual. flows. Contractual cash flow of the financial
Arus kas kontraktual dari aset keuangan assets which on a certain date solely
yang pada tanggal tertentu hanya berasal payment from principal and interest
dari pembayaran pokok dan bunga (SPPI) payments (SPPI) of the principal
atas jumlah pokok terutang. outstanding.
Halaman – 5/22 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 646
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(B) Aset keuangan yang diukur pada biaya (B) Financial assets measured at amortised
perolehan diamortisasi (lanjutan) cost (continued)
Pada saat pengakuan awal, aset keuangan At initial recognition, financial assets
yang diukur pada biaya perolehan measured at amortised cost are recognised
diamortisasi diakui pada nilai wajarnya at fair value plus transaction costs (if any)
ditambah biaya transaksi (jika ada) dan and subsequently measured using the
selanjutnya diukur dengan menggunakan effective interest rate.
suku bunga efektif.
Biaya transaksi mencakup seluruh biaya Transaction cost includes all fees and
dan provisi yang dibayarkan atau diterima provisions paid or received that are an
yang merupakan bagian tak terpisahkan integral part of the effective interest rate.
dari suku bunga efektif.
Tingkat suku bunga efektif adalah suku The effective interest rate is the interest rate
bunga yang secara tepat mendiskontokan that exactly discounts the estimated future
estimasi arus kas di masa datang selama cash flows through the expected life of the
perkiraan umur dari aset keuangan atau financial assets or financial liability (or, where
liabilitas keuangan (atau jika lebih tepat, appropriate a shorter period) to the net
digunakan periode yang lebih singkat) untuk carrying amount at initial recognition. When
memperoleh nilai tercatat bersih pada saat calculating the effective interest rate, Bank
pengakuan awal. Pada saat menghitung CIMB Niaga and Subsidiaries estimate future
tingkat suku bunga efektif, Bank CIMB cash flows considering all contractual terms
Niaga dan Entitas Anak mengestimasi arus of the financial instrument, but does not
kas di masa datang dengan consider any future credit losses.
mempertimbangkan seluruh persyaratan
kontraktual dalam instrumen keuangan
tersebut, namun tidak mempertimbangkan
kerugian kredit di masa mendatang.
Pendapatan bunga dari aset keuangan yang Interest income from financial assets
diukur pada biaya perolehan diamortisasi measured at amortised cost is recorded in
dicatat dalam laporan laba rugi the consolidated profit or loss and is
konsolidasian dan diakui sebagai recognised as “Interest income”.
“Pendapatan bunga”.
Ketika penurunan nilai terjadi, kerugian When an impairment occurs, an impairment
penurunan nilai diakui sebagai pengurang loss is recognised as a deduction from the
dari nilai tercatat aset keuangan dan diakui carrying value of financial assets and is
didalam laporan keuangan konsolidasian recognised in the consolidated financial
sebagai “Cadangan kerugian penurunan statements as “Allowance for impairment
nilai”. losses”.
Halaman – 5/23 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 647
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
(C) Aset keuangan yang diukur pada nilai wajar (C) Financial assets measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income
(FVOCI) (FVOCI)
Aset keuangan yang diukur pada nilai wajar Financial assets measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income are
merupakan aset keuangan dikelola dalam financial assets that are managed in a
model bisnis yang tujuannya akan terpenuhi business model whose objectives will be
dengan mendapatkan arus kas kontraktual fulfilled by obtaining contractual cash flows
dan menjual aset keuangan. Arus kas and selling financial assets. Cash flow
kontraktual dari aset keuangan yang pada contractual of financial assets which on a
tanggal tertentu hanya dari pembayaran certain date solely payment from principal
pokok dan bunga (SPPI) dari jumlah pokok and interest (SPPI) of the principal
terutang. outstanding.
Pada saat pengakuan awalnya, aset At initial recognition, financial instruments
keuangan yang diukur pada nilai wajar measured at fair value through other
melalui penghasilan komprehensif lain comprehensive income are recognised at fair
diakui pada nilai wajarnya ditambah biaya value plus transaction costs (if any) and
transaksi (jika ada) dan selanjutnya diukur subsequently measured at fair value where
pada nilai wajarnya dimana keuntungan atau gains or losses on changes in fair value,
kerugian atas perubahan nilai wajar, gains or losses on foreign exchange, and
keuntungan atau kerugian atas selisih kurs, impairment losses are recognised as other
dan kerugian penurunan nilai, diakui sebagai comprehensive income.
penghasilan komprehensif lain.
Kerugian kredit ekspektasian (”KKE”) diakui Expected credit losses (“ECL”) are
sebagai penambah/pengurang dari recognised as addition/deduction to other
penghasilan komprehensif lainnya di dalam comprehensive income in the consolidated
laporan keuangan konsolidasian (tidak statement of financial statements (not
mengurangi jumlah tercatat aset keuangan reducing the carrying amount of financial
dalam laporan keuangan konsolidasian). assets in the consolidated financial
Pendapatan bunga dihitung menggunakan statements). Interest income is calculated
metode suku bunga efektif. using the effective interest method.
Bank CIMB Niaga dan Entitas Anak menggunakan Bank CIMB Niaga and Subsidiaries use trade date
akuntansi tanggal perdagangan untuk mencatat accounting for regular way contracts when
transaksi aset keuangan yang lazim. Aset keuangan recording financial asset transactions. Financial
yang dialihkan kepada pihak ketiga tetapi tidak assets that are transferred to a third party but not
memenuhi syarat penghentian pengakuan (jika ada) qualify for derecognition (if any) are disclosed in the
diungkapkan di dalam catatan atas laporan consolidated financial statement as “Pledged
keuangan konsolidasian sebagai ”Aset yang assets”, if the transferee has the right to sell or
dijaminkan”, jika pihak penerima memiliki hak untuk repledge them.
menjual atau mentransfer kembali.
Halaman – 5/24 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 648
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
Penilaian pembayaran pokok dan bunga semata Solely payments of principal and interest (SPPI)
(SPPI) assessment
Untuk tujuan penilaian ini, ‘pokok’ didefinisikan For the purposes of this assessment, ‘principal’ is
sebagai nilai wajar dari aset keuangan pada defined as the fair value of the financial assets on
pengakuan awal. ‘Bunga’ didefinisikan sebagai initial recognition. ‘Interest’ is defined as
imbalan untuk nilai waktu atas uang, risiko kredit consideration for the time value of money, credit
yang terkait dengan jumlah pokok yang terutang risk associated with the principal amount
selama periode waktu tertentu dan untuk risiko outstanding during a particular period of time and
serta biaya pinjaman dasar lainnya (misalnya for other basic lending risks and costs (e.g. liquidity
risiko likuiditas dan biaya administrasi), termasuk risk and administrative costs), as well as profit
marjin keuntungan. margin.
Dalam menilai apakah arus kas kontraktual In assessing whether the contractual cash flows are
adalah SPPI, Bank CIMB Niaga dan Entitas Anak SPPI, Bank CIMB Niaga and Subsidiaries consider
mempertimbangkan ketentuan kontraktual the contractual terms of the instrument. This
instrumen tersebut. Hal ini termasuk menilai includes assessing whether the financial asset
apakah aset keuangan mengandung ketentuan contains a contractual term that could change the
kontraktual yang dapat mengubah waktu atau timing or amount of contractual cash flows such that
jumlah arus kas kontraktual sehingga tidak it would not meet this condition.
memenuhi kondisi ini.
Dalam melakukan penilaian arus kas kontraktual In making the assessment of contractual cashflow
adalah SPPI, Bank CIMB Niaga dan Entitas Anak are SPPI, Bank CIMB Niaga and Subsidiaries
mempertimbangkan: consider:
- Kejadian kontinjensi yang akan mengubah - Contingent events that would change the
jumlah dan waktu dari arus kas; amount and timing of cash flows;
- Fitur leverage; - Leverage features;
- Persyaratan pelunasan dipercepat dan - Prepayment and extention terms;
perpanjangan fasilitas;
- Ketentuan yang membatasi klaim Bank CIMB - Terms that limit Bank CIMB Niaga and
Niaga dan Entitas Anak atas arus kas dari Subsidiaries’ claim to cash flows from specified
aset tertentu (seperti pinjaman non-recourse); assets (e.g. non-recourse loans); and
dan
- Fitur yang memodifikasi imbalan dari nilai - Features that modify consideration of the time
waktu atas uang (seperti penetapan ulang value of money (e.g. periodical reset of interest
suku bunga berkala). rates).
Penilaian model bisnis Business model assessment
Model bisnis mengacu pada bagaimana aset Business model refers to how financial assets are
keuangan dikelola bersama untuk menghasilkan managed together to generate cash flows for Bank
arus kas kepada Bank CIMB Niaga dan Entitas CIMB Niaga and Subsidiaries. This may be
Anak. Arus kas mungkin dihasilkan dengan collecting contractual cash flow, selling financial
menerima arus kas kontraktual, menjual aset assets or both. Business models are determined at
keuangan atau keduanya. Model bisnis ditentukan a level of aggregation where groups of assets are
pada tingkat agregasi di mana kelompok aset managed together to achieve a particular objective
dikelola bersama untuk mencapai tujuan tertentu and do not depend on management’s intentions for
dan tidak bergantung pada intensi manajemen individual instrument.
pada instrumen individual.
Halaman – 5/25 – Page
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Page 649
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(i) Aset keuangan (lanjutan) (i) Financial assets (continued)
Penilaian model bisnis (lanjutan) Business model assessment (continued)
Bank CIMB Niaga dan Entitas Anak menilai model Bank CIMB Niaga and Subsidiaries assess the
bisnis pada aset keuangan setidaknya pada business model of financial assets at least at
tingkat lini bisnis atau dimana terdapat variasi business line level or where there are varying
mandat/tujuan dalam lini bisnis, pada lini bisnis mandates/objectives within a business line, at
produk atau pada tingkat yang lebih granular product business line or at a more granular
(misalnya sub-portofolio atau sub-lini bisnis). (e.g. sub-portfolio or sub-business line).
Penentuan model bisnis dilakukan dengan Business model determination are made
mempertimbangkan semua bukti relevan yang considering all relevant evidence that is available at
tersedia pada tanggal penilaian. Ini termasuk, the date of the assessment. This includes, but not
tetapi tidak terbatas pada: limited to:
- Bagaimana kinerja bisnis dan aset keuangan - How the performance of business and the
yang ada di dalam unit bisnis itu dievaluasi dan financial assets held within that business unit are
dilaporkan kepada manajemen. Tingkat evaluated and reported to management. The
pemisahan yang diidentifikasi untuk klasifikasi level of segregation identified for SFAS 71
PSAK 71 harus konsisten dengan bagaimana classification should be consistent with how
portofolio aset dipisahkan dan dilaporkan asset portfolio are segregated and reported to
kepada manajemen; management;
- Risiko yang mempengaruhi kinerja unit bisnis - The risk that affect the performance of the
dan aset keuangan yang dimiliki dalam unit business units and the financial assets held
bisnis itu dan khususnya bagaimana risiko itu within that business unit and in particular the way
dikelola; dan those risks are managed; and
- Bagaimana manajer unit bisnis dikompensasi - How managers of the business unit are
(misalnya, apakah kompensasi didasarkan compensated (for example, whether
pada nilai wajar dari aset yang dikelola atau compensation is based on the fair value of the
pada arus kas kontraktual yang dikumpulkan). assets managed or on the contractual cash flow
collected).
Penentuan model bisnis dilakukan berdasarkan Business model determination are made on the
skenario yang diperkirakan akan terjadi oleh Bank basis of scenarios that Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak dan tidak dalam Subsidiaries reasonably expect to occur and not
kondisi sangat tertekan atau ’kondisi terburuk’. Jika
aset dijual dalam kondisi yang tidak diharapkan oleh under highly stressed or 'worst case' conditions.
Bank CIMB Niaga dan Entitas Anak untuk berlaku Where assets are disposed of under condition that
ketika aset diakui, klasifikasi aset keuangan yang Bank CIMB Niaga and Subsidiaries did not
ada dalam portofolio tidak disajikan secara tidak reasonably expect to prevail when the asset were
akurat, tetapi kondisi tersebut harus recognised, the classification of existing financial
dipertimbangkan untuk aset yang diperoleh di masa assets in the portfolio are not rendered inaccurate,
mendatang.
but the condition in question should be considered
for any future assets acquired going forward.
(ii) Liabilitas keuangan (ii) Financial liabilities
Bank CIMB Niaga dan Entitas Anak Bank CIMB Niaga and Subsidiaries classify its
mengklasifikasikan liabilitas keuangannya dalam financial liabilities in categories (A) financial
kategori (A) liabilitas keuangan yang diukur pada liabilities measured at fair value through profit or
nilai wajar melalui laba rugi dan (B) liabilitas loss and (B) financial liabilities measured at
keuangan yang diukur dengan biaya perolehan amortised cost.
diamortisasi.
Halaman – 5/26 – Page
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Page 650
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(ii) Liabilitas keuangan (lanjutan) (ii) Financial liabilities (continued)
(A) Liabilitas keuangan yang diukur pada nilai (A) Financial liabilities measured at fair value
wajar melalui laba rugi through profit or loss
Kategori ini terdiri dari dua subkategori: The category comprises two sub-categories:
liabilitas keuangan diklasifikasikan sebagai financial liabilities classified as held for trading
diperdagangkan dan liabilitas keuangan and financial liabilities designated by Bank
yang pada saat pengakuan awal telah CIMB Niaga and Subsidiaries measured at fair
ditetapkan oleh Bank CIMB Niaga dan value through profit or loss upon initial
Entitas Anak untuk diukur pada nilai wajar recognition.
melalui laba rugi. Pada saat pengakuan awal At initial and subsequent recognition, is
dan selanjutnya dicatat pada nilai wajar. recorded at its fair value.
Liabilitas keuangan diklasifikasikan sebagai A financial liability is classified as held for
diperdagangkan jika diperoleh terutama trading if it is acquired or incurred principally for
untuk tujuan dijual atau dibeli kembali dalam the purpose of selling or repurchasing it in the
waktu dekat, atau jika merupakan bagian near term, or if it is part of a portfolio of
dari portofolio instrumen keuangan tertentu identified financial instruments that are
yang dikelola bersama dan terdapat bukti managed together and there is evidence of a
mengenai pola ambil untung dalam jangka recent actual pattern of short term profit taking.
pendek yang terkini. Derivatif diklasifikasikan Derivatives are also categorised as held for
sebagai instrumen diperdagangkan kecuali trading instrument unless they are designated
ditetapkan dan efektif sebagai instrumen and effective as hedging instruments.
lindung nilai.
Liabilitas keuangan diklasifikasikan untuk Financial liabilities are classified as at fair
ditetapkan diukur pada nilai wajar melalui value through profit or loss on initial recognition
laba rugi pada saat pengakuan awal jika if that designation results in more relevant
penetapan tersebut menghasilkan informasi information because it eliminates or
yang lebih relevan karena mengeliminasi significantly reduces measurement or
atau mengurangi secara signifikan recognition inconsistencies that could arise
inkonsistensi pengukuran atau pengakuan from measuring the liability or recognising a
yang dapat timbul dari pengukuran liabilitas gain or loss on the liability on an which are
atau pengakuan keuntungan atau kerugian different; or a group of financial liabilities or
atas liabilitas dengan dasar yang berbeda – financial liabilities is managed and its
beda; atau sekelompok liabilitas keuangan performance is evaluated on a fair value basis,
atau liabilitas keuangan dikelola dan in accordance with a documented risk
kinerjanya dievaluasi berdasarkan nilai management or investment strategy, and
wajar, sesuai manajemen risiko atau strategi information on the intended fair value of the
investasi yang terdokumentasi, dan group.
informasi dengan nilai wajar dimaksud atas
kelompok tersebut.
Halaman – 5/27 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 651
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(ii) Liabilitas keuangan (lanjutan) (ii) Financial liabilities (continued)
(A) Liabilitas keuangan yang diukur pada nilai (A) Financial liabilities measured at fair value
wajar melalui laba rugi (lanjutan) through profit or loss (continued)
Keuntungan atau kerugian atas liabilitas Gains or losses on financial liabilities
keuangan yang diukur pada nilai wajar measured at fair value through profit or loss
melalui laba rugi disajikan sebagian pada are presented partially in other comprehensive
penghasilan komprehensif lain (jumlah yang income (the amount of change in fair value of
berasal dari perubahan nilai wajar atas the financial liability that is attributable to
liabilitas keuangan yang berkaitan dengan changes in the credit risk of that liability, which
perubahan atas risiko kredit dari liabilitas is determined as the amount that is not
tersebut, yang dipertimbangkan bahwa attributable to changes in market conditions
jumlah tersebut tidak berkaitan dengan that give rise to market risk) and partially in
kondisi pasar yang menyebabkan timbulnya profit or loss (the remaining amount of change
risiko pasar) dan sebagian pada laba rugi in the fair value of the liability). Interest
(sisa dari jumlah perubahan nilai wajar atas expenses on financial liabilities held for trading
liabilitas tersebut). Beban bunga dari are included in “Interest expenses”.
liabilitas keuangan yang diklasifikasikan
sebagai diperdagangkan dicatat di dalam
”Beban bunga”.
Penggunaan nilai wajar diterapkan pada The use of fair value is applied on the debt
instrumen hutang yang terdiri dari kontrak instrument which consists of host contract and
utama dan derivatif melekat, jika tidak dapat embedded derivatives, if can not be
dipisahkan. separated.
(B) Liabilitas keuangan yang diukur dengan (B) Financial liabilities at amortised cost
biaya perolehan diamortisasi
Liabilitas keuangan yang tidak Financial liabilities that are not classified as fair
diklasifikasikan sebagai liabilitas keuangan value through profit or loss fall into this
yang diukur pada nilai wajar melalui laba rugi category and are measured at amortised cost.
dikategorikan dan diukur dengan biaya
perolehan diamortisasi.
Pada saat pengakuan awal, liabilitas Financial liabilities at amortised cost are
keuangan yang diukur dengan biaya initially measured at fair value less transaction
perolehan diamortisasi, diukur pada nilai costs (if any).
wajar dikurangi biaya transaksi (jika ada).
Setelah pengakuan awal, Bank CIMB Niaga After initial recognition, Bank CIMB Niaga and
dan Entitas Anak mengukur seluruh liabilitas Subsidiaries measured all financial liabilities at
keuangan yang diukur dengan biaya amortised cost using effective interest rate
perolehan diamortisasi dengan method.
menggunakan metode suku bunga efektif.
Halaman – 5/28 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 652
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (iii) Determination of fair value
Nilai wajar adalah harga yang akan diterima untuk Fair value is the price that would be received to
menjual suatu aset atau harga yang akan dibayar sell an asset or paid to transfer a liability in an
untuk mengalihkan suatu liabilitas dalam transaksi orderly transaction between market participants
teratur (orderly transaction) antara pelaku pasar at the measurement date in the principal market
(market participants) pada tanggal pengukuran di or, in its absence, the market to which Bank CIMB
pasar utama atau, jika tidak terdapat pasar utama, Niaga and Subsidiaries have access at that date,
di pasar dimana Bank CIMB Niaga dan Entitas or uses valuation techniques or internal
Anak memiliki akses pada tanggal tersebut, atau measurement from observable data in respect of
menggunakan teknik penilaian atau penilaian similar financial instruments with selected model.
internal yang didasarkan pada data yang dapat The fair value of a liability reflects its non-
diobservasi dari instrumen keuangan yang sama performance risk.
dengan model tertentu. Nilai wajar liabilitas
mencerminkan risiko wanprestasinya.
Jika tersedia, Bank CIMB Niaga dan Entitas Anak When available, Bank CIMB Niaga and
mengukur nilai wajar instrumen keuangan dengan Subsidiaries measure the fair value of a financial
menggunakan harga kuotasian di pasar aktif instrument using the quoted price in an active
untuk instrumen tersebut. market for that instrument.
Instrumen keuangan dianggap memiliki kuotasi di A financial instrument is considered has quoted
pasar aktif, jika harga kuotasi tersedia sewaktu- in an active market, if quoted prices are readily
waktu dan dapat diperoleh secara rutin dari bursa, and regularly available from an exchange, dealer,
pedagang efek (dealer), perantara efek (broker), broker, industry group, pricing service or
kelompok industri, badan pengawas (pricing regulatory agency, and those prices represent
service atau regulatory agency), dan harga actual and regularly occurring market
tersebut mencerminkan transaksi pasar yang transactions on an arm’s length basis. If the
aktual dan rutin dalam suatu transaksi yang wajar. above criteria are not met, the market is regarded
Jika kriteria di atas tidak terpenuhi, maka pasar as being inactive. Indications that a market is
aktif dinyatakan tidak tersedia. Indikasi-indikasi inactive are when there is a wide bid-offer spread
dari pasar tidak aktif adalah terdapat selisih yang or significant increase in the bid-offer spread or
besar antara harga penawaran dan permintaan there are few recent transactions.
atau kenaikan signifikan dalam selisih harga
penawaran dan permintaan dan hanya terdapat
beberapa transaksi terkini.
Nilai wajar untuk instrumen keuangan yang The fair value of financial instruments traded in
diperdagangkan di pasar aktif ditentukan active markets is determined based on quoted
berdasarkan nilai pasar yang berlaku pada market prices at the statement of financial
tanggal laporan posisi keuangan. Termasuk di position date. This includes IDMA’s (Interdealer
dalamnya adalah nilai pasar dari IDMA Market Association) quoted market prices or
(Interdealer Market Association) atau harga yang broker’s quoted price from Bloomberg and
diberikan oleh broker (quoted price) dari Reuters on the statement of financial position
Bloomberg dan Reuters pada tanggal laporan date.
posisi keuangan.
Halaman – 5/29 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 653
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (lanjutan) (iii) Determination of fair value (continued)
Nilai wajar untuk semua instrumen keuangan For all other financial instruments, fair value is
lainnya ditentukan dengan menggunakan teknik determined using valuation techniques. In these
penilaian. Dengan teknik ini, nilai wajar techniques, fair values are estimated from
merupakan suatu estimasi yang dihasilkan dari observable data in respect of similar financial
data yang dapat diobservasi dari instrumen instruments, using models to estimate the
keuangan yang sama, menggunakan model- present value of expected future cash flows or
model untuk mendapatkan estimasi nilai kini dari other valuation techniques, using inputs existing
arus kas masa depan yang diharapkan atau at the dates of the consolidated statement of
teknik penilaian lainnya menggunakan input yang financial position.
tersedia pada tanggal laporan posisi keuangan
konsolidasian.
Bank menggunakan beberapa teknik penilaian Bank uses widely recognised valuation models
yang digunakan secara umum untuk menentukan for determining fair values of financial
nilai wajar dari instrumen keuangan dengan instruments with lower complexity, such as
tingkat kompleksitas yang rendah, seperti opsi currency options, interest rate swaps, and
mata uang, swap suku bunga dan swap mata currency swaps. For these financial instruments,
uang. Input yang digunakan dalam teknik inputs into models are observable market data.
penilaian untuk instrumen keuangan di atas
adalah data pasar yang dapat diobservasi.
Untuk instrumen yang lebih kompleks, Bank For more complex instruments, Bank CIMB
CIMB Niaga menggunakan model penilaian Niaga uses internally developed models, which
internal, yang pada umumnya berdasarkan are usually based on valuation methods and
teknik dan metode penilaian yang umumnya techniques generally recognised as standard
diakui sebagai standar industri. Model penilaian within the industry. Valuation models are used
terutama digunakan untuk menilai kontrak primarily to value derivatives contract in the
derivatif yang ditransaksikan melalui pasar over over the counter (OTC) market and other debt
the counter (OTC) dan instrumen hutang lainnya instruments for which markets were or have
yang pasarnya tidak aktif. Input dari model ini become illiquid. The inputs to these models
tidak berasal dari data yang dapat diobservasi may not be observable market data.
di pasar.
Untuk instrumen keuangan yang tidak For financial instruments with no quoted market
mempunyai harga pasar, estimasi atas nilai price, a reasonable estimate of the fair value is
wajar ditetapkan dengan mengacu pada nilai determined by reference to the current market
wajar instrumen lain yang secara substansi value of another instrument which substantially
memiliki karakteristik yang sama atau dihitung have the same characteristic or calculated
berdasarkan ekspektasi arus kas yang based on expected cash flows discounted by
didiskonto dengan tingkat suku bunga pasar relevant market rates.
yang relevan.
Structured interest rate derivatives ditentukan Structured interest rate derivatives are
menggunakan option pricing models (sebagai measured using appropriate option pricing
contoh, the Black-Scholes model). models (for example, the Black-Scholes
model).
Halaman – 5/30 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 654
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
f. Aset dan liabilitas keuangan (lanjutan) f. Financial assets and liabilities (continued)
(iii) Penentuan nilai wajar (lanjutan) (iii) Determination of fair value (continued)
Pada saat nilai wajar dari unlisted equity In cases when the fair value of unlisted equity
instruments tidak dapat ditentukan dengan instruments cannot be determined reliably, the
handal, instrumen tersebut dinilai sebesar biaya instruments are carried at cost less impairment.
perolehan dikurangi penurunan nilai. Nilai wajar The fair value for loans and receivables as well
atas kredit yang diberikan dan piutang, serta as liabilities to banks and customers are
liabilitas kepada bank dan nasabah ditentukan determined using a present value model on the
menggunakan nilai kini berdasarkan arus kas basis of contractually agreed cash flows, taking
kontraktual dengan mempertimbangkan kualitas into account credit quality, liquidity, and costs.
kredit, likuiditas, dan biaya.
Bukti terbaik dari nilai wajar pada saat pengakuan The best evidence of fair value at initial
awal adalah harga transaksinya (yaitu nilai wajar recognition is the transaction price (that is, the
pembayaran yang diserahkan atau diterima), fair value of the consideration given or
kecuali nilai wajar dari instrumen tersebut dapat received), unless the fair value of that
dibuktikan dengan perbandingan transaksi untuk instrument is evidenced by comparison with
instrumen yang sama di pasar terkini yang dapat other observable current market transactions in
diobservasi (yaitu yang tanpa modifikasi atau re- the same instrument (that is, without
packaging) atau berdasarkan teknik penilaian modification or re-packaging) or based on a
dimana variabelnya hanya data dari pasar yang valuation technique whose variables include
dapat diobservasi. only data from observable markets.
Untuk instrumen keuangan yang diukur For financial instruments that measured at fair
menggunakan nilai wajar, Bank CIMB Niaga dan value, Bank CIMB Niaga and Subsidiaries use
Entitas Anak menggunakan hirarki nilai wajar the fair value hierarchy which reflect the
yang mencerminkan signifikasi input yang significance of input used in the measurement
digunakan dalam melakukan pengukuran (tingkat (level 1, 2, and 3) as explained in Notes 51e.
1, 2, dan 3) seperti dijelaskan pada Catatan 51e.
(iv) Penghentian pengakuan (iv) Derecognition
Penghentian pengakuan aset keuangan Financial assets are derecognised when the
dilakukan ketika hak kontraktual atas arus kas contractual rights to receive the cash flows from
yang berasal dari aset keuangan tersebut these financial assets have ceased to exists or
berakhir, atau ketika aset keuangan tersebut the financial assets have been transferred and
telah ditransfer dan secara substansial seluruh substantially all the risks and rewards of
risiko dan manfaat atas kepemilikan aset ownership of the assets are also transferred (that
tersebut telah ditransfer (jika, secara substansial is, if substantially all the risks and rewards have
seluruh risiko dan manfaat tidak ditransfer, maka not been transferred, then Bank CIMB Niaga and
Bank CIMB Niaga dan Entitas Anak melakukan Subsidiaries evaluate to ensure that continuing
evaluasi untuk memastikan keterlibatan involvement on the basis of any retained powers
berkelanjutan atas kendali yang masih dimiliki of control does not prevent derecognition).
tidak mencegah penghentian pengakuan). Financial liabilities are derecognised when they
Liabilitas keuangan dihentikan pengakuannya have been redeemed, or cancelled, or otherwise
ketika liabilitas telah dilepaskan atau dibatalkan extinguished.
atau kadaluwarsa.
Halaman – 5/31 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 655
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
instruments
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Golongan (ditentukan oleh Bank CIMB Niaga
Kategori yang didefinisikan oleh PSAK 71/ dan Entitas Anak)/
Sub golongan/Sub-classes
Category as defined by SFAS 71 Class (as determined by Bank CIMB Niaga and
Subsidiaries)
Aset keuangan yang diukur
Efek-efek/Marketable securities
pada nilai wajar melalui laba
rugi/Financial assets Obligasi Pemerintah/Government Bonds
measured at fair value through
profit or loss Tagihan derivatif - Tidak terkait lindung nilai/Derivative receivables – Non-hedging related
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada bank lain/Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia/Placements with other banks and Bank
Indonesia
Kredit yang diberikan/Loans
Aset keuangan yang diukur Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased under resale agreements
dengan harga perolehan
diamortisasi/Financial assets Piutang pembiayaan konsumen/Consumer financing receivables
measured at amortised cost
Tagihan akseptasi/Acceptance receivables
Pendapatan bunga yang masih akan diterima/Accrued interest income
Aset keuangan/
Financial assets Aset lain-lain/Other assets
Efek-efek/Marketable securities
Obligasi Pemerintah/Government Bonds
Penyertaan/Investments
Aset keuangan yang diukur
pada nilai wajar melalui Efek-efek/Marketable securities
penghasilan komprehensif lain
/Financial assets measured at
fair value through other Obligasi Pemerintah/Government Bonds
comprehensive income
Tagihan derivatif - Terkait lindung nilai
Lindung nilai atas nilai wajar/Hedging instruments in atas nilai wajar/Derivative receivables -
fair value hedges Hedging instruments in fair value hedges
Derivatif lindung nilai/Hedging related
derivatives Tagihan derivatif - Terkait lindung nilai
Lindung nilai atas arus kas/Hedging instruments in atas arus kas/Derivative receivables -
cash flow hedges Hedging instruments in cash flow hedges
related
Halaman – 5/32 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 656
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Klasifikasi aset dan liabilitas keuangan (lanjutan) Classification of financial assets and liabilities
(continued)
Golongan (ditentukan oleh Bank CIMB Niaga dan
Kategori yang didefinisikan oleh PSAK 71/ Entitas Anak)/ Sub golongan/Sub-classes
Category as defined by SFAS 71 Class (as determined by Bank CIMB Niaga and
Subsidiaries)
Liabilitas keuangan yang diukur pada nilai wajar melalui laba rugi (Liabilitas derivatif - bukan lindung
Liabilitas keuangan nilai)/Financial liabilities measured at fair value through profit or loss (Derivative payables – non-
yang diukur pada nilai hedging)
wajar melalui laba
rugi/Financial liabilities Simpanan dari nasabah/Deposits from customers
measured at fair value
through profit or loss
Simpanan dari bank lain/Deposits from other banks
Liabilitas segera/Obligations due immediately
Simpanan dari nasabah/Deposits from customers
Simpanan dari bank lain/Deposits from other banks
Liabilitas keuangan
yang diukur dengan Efek-efek yang dijual dengan janji dibeli kembali/Securities sold under repurchase agreement
Liabilitas keuangan/ biaya perolehan
Financial liabilities diamortisasi/Financial Liabilitas akseptasi/Acceptance payables
liabilities measured at
amortised cost Efek-efek yang diterbitkan/Marketable securities issued
Pinjaman yang diterima/Borrowings
Beban yang masih harus dibayar dan liabilitas lain-lain/Accruals and other liabilities
Pinjaman subordinasi/Subordinated loans
Liabilitas derivatif - Terkait lindung nilai
Lindung nilai atas nilai wajar/Hedging instruments in fair atas nilai wajar/Derivative payables -
value hedges Hedging instruments in fair value hedges
Derivatif lindung related
nilai/Hedging
derivatives Liabilitas derivatif - Terkait lindung nilai
Lindung nilai atas arus kas/Hedging instruments in cash atas arus kas/Derivative payables -
flow hedges Hedging instruments in cash flow
hedges related
Komitmen dan
kontijensi instrumen Fasilitas kredit yang diberikan yang belum digunakan/Unused loan facilities granted
keuangan/
Commitment and
contingency financial Irrevocable letters of credit yang masih berjalan/Outstanding irrevocable letters of credit
instruments
Halaman – 5/33 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 657
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan Reclassification of financial assets
Bank CIMB Niaga dan Entitas Anak diperkenankan Bank CIMB Niaga and Subsidiaries are permitted to
untuk melakukan reklasifikasi atas aset keuangan reclassify its financial assets if Bank CIMB Niaga and
yang dimiliki jika Bank CIMB Niaga dan Entitas Anak Subsidiaries change its business model for managing
mengubah model bisnis untuk pengelolaan aset financial assets while reclassification for financial
keuangan sedangkan reklasifikasi untuk liabilitas liabilities is not permitted.
keuangan tidak diperkenankan.
Perubahan model bisnis sifatnya harus berdampak Changes in business models must have a significant
secara signifikan terhadap kegiatan operasional Bank impact on Bank CIMB Niaga and Subsidiaries’
CIMB Niaga dan Entitas Anak seperti memperoleh, operational activities such as obtaining, releasing or
melepaskan, atau mengakhiri suatu lini bisnis. terminating a business line.
Bank CIMB Niaga dan Entitas Anak akan Bank CIMB Niaga and Subsidiaries will reclassify
mereklasifikasi seluruh aset keuangan yang terkena financial assets affected by changes in business
dampak dari perubahan model bisnis. Perubahan models. Changes in Bank CIMB Niaga and
tujuan model bisnis Bank CIMB Niaga dan Entitas Subsidiaries’ business model objectives must have an
Anak harus berdampak sebelum tanggal reklasifikasi. impact before the reclassification date.
Yang bukan merupakan perubahan model bisnis The followings are not a change in business model:
adalah:
- perubahan intensi berkaitan dengan aset - changes in intention relating to certain financial
keuangan tertentu (bahkan pada situasi assets (even in situations significant changes in
perubahan signifikan dalam kondisi pasar); market conditions);
- hilangnya sementara pasar tertentu untuk aset - temporary loss of certain markets for financial
keuangan; dan assets; and
- pengalihan aset keuangan antara bagian dari Bank - transfer of financial assets between parts of Bank
CIMB Niaga dan Entitas Anak dengan model bisnis CIMB Niaga and Subsidiaries with different
berbeda. business models.
Bank CIMB Niaga dan Entitas Anak menerapkan Bank CIMB Niaga and Subsidiaries apply a
reklasifikasi secara prospektif dari tanggal prospective reclassification of the date of the
reklasifikasi. Bank CIMB Niaga dan Entitas Anak tidak reclassification. Bank CIMB Niaga and Subsidiaries
menyajikan kembali keuntungan, kerugian (termasuk does not restate profits, losses (including impairment
keuntungan atau kerugian penurunan nilai), atau profit or loss), or interest recognised earlier.
bunga yang diakui sebelumnya.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial asset from amortised cost
biaya perolehan diamortisasi menjadi kategori to fair value through profit or loss, the fair value is
pengukuran nilai wajar melalui laba rugi, nilai wajarnya measured on the date of reclassification. The gains or
diukur pada tanggal reklasifikasi. Keuntungan atau losses arising from the difference between the prior
kerugian yang timbul dari selisih antara biaya amortised cost and fair value of financial assets are
perolehan diamortisasi sebelumnya dan nilai wajar recognised in profit or loss.
aset keuangan diakui dalam laba rugi.
Halaman – 5/34 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 658
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan (lanjutan) Reclassification of financial assets (continued)
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from the fair value
nilai wajar melalui laba rugi menjadi kategori through profit or loss to the amortised cost, the fair
pengukuran biaya perolehan diamortisasi, nilai wajar value on the reclassification date becomes the new
pada tanggal reklasifikasi menjadi jumlah tercatat bruto gross recorded amount. The effective interest rate is
yang baru. Suku bunga efektif dihitung sebagai basis calculated as the fair value basis at the date of
nilai wajar saat tanggal reklasifikasi. reclassification.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification financial assets of from amortised cost
biaya perolehan diamortisasi menjadi kategori to fair value through other comprehensive income, the
pengukuran nilai wajar melalui penghasilan fair value is measured on the date of reclassification.
komprehensif lain, nilai wajarnya diukur pada tanggal The gains or losses arising from the difference
reklasifikasi. Keuntungan atau kerugian yang timbul between the previous amortised cost and the fair value
dari selisih antara biaya perolehan diamortisasi of the financial assets are recognised in other
sebelumnya dan nilai wajar aset keuangan diakui comprehensive income. Effective interest rates and
dalam penghasilan komprehensif lain. Suku bunga expected impairment loss measurements are not
efektif dan pengukuran kerugian penurunan nilai adjusted as a result of reclassification.
ekspektasian tidak disesuaikan sebagai akibat dari
reklasifikasi.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from fair value
nilai wajar melalui penghasilan komprehensif lain through other comprehensive income to amortised
menjadi kategori pengukuran biaya perolehan cost, the financial asset is reclassified at fair value on
diamortisasi, aset keuangan direklasifikasi pada nilai the date of the reclassification. However, cumulative
wajarnya pada tanggal reklasifikasi. Akan tetapi gains or losses previously recognised in other
keuntungan atau kerugian kumulatif yang sebelumnya comprehensive income are removed from equity and
diakui dalam penghasilan komprehensif lain dihapus adjusted against the fair value of financial assets on
dari ekuitas dan disesuaikan terhadap nilai wajar aset the date of reclassification. Difference between fair
keuangan pada tanggal reklasifikasi. Selisih antara value on the date of reclassification and par value is
nilai wajar aset keuangan pada tanggal reklasifikasi recorded as premium/discount and amortised starting
dengan nilai par dicatat sebagai premium/diskonto dan from the date of reclassification until maturity date of
diamortisasi mulai dari tanggal reklasifikasi hingga that financial asset. Effective interest rates and
tanggal jatuh tempo aset keuangan tersebut. Suku expected impairment loss measurements are not
bunga efektif dan pengukuran kerugian penurunan nilai adjusted as a result of reclassification.
ekspektasian tidak disesuaikan sebagai akibat dari
reklasifikasi.
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification financial asset from fair value through
nilai wajar melalui laba rugi menjadi kategori profit or loss to fair value through other comprehensive
pengukuran nilai wajar melalui penghasilan income, fair value on the date of reclassification to be
komprehensif lain, nilai wajar pada tanggal reklasifikasi new carrying value. Cumulative gains or losses
menjadi nilai tercatat yang baru. Keuntungan atau previously recognised in profit or loss not reclassified
kerugian kumulatif yang sebelumnya diakui pada laba to other comprehensive income.
rugi tidak direklasifikasi ke penghasilan komprehensif
lain.
Halaman – 5/35 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 659
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
g. Klasifikasi dan reklasifikasi instrumen keuangan g. Classification and reclassification of financial
(lanjutan) instruments (continued)
Reklasifikasi aset keuangan (lanjutan) Reclassification of financial assets (continued)
Reklasifikasi aset keuangan dari kategori pengukuran Reclassification of financial assets from fair value
nilai wajar melalui penghasilan komprehensif lain through other comprehensive income to fair value
menjadi kategori pengukuran nilai wajar melalui laba through profit or loss, fair value on the date of
rugi, nilai wajar pada tanggal reklasifikasi menjadi nilai reclassification is recorded as the new carrying value.
tercatat yang baru. Keuntungan atau kerugian kumulatif Cumulative gains or losses previously recognised in
yang sebelumnya diakui di penghasilan komprehensif other comprehensive income are reclassified from
lain direklasifikasi dari ekuitas ke laba rugi sebagai equity to profit or loss as a reclassification adjustment.
penyesuaian reklasifikasi.
Saling hapus instrumen keuangan Off-setting financial instruments
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset and the net
disalinghapuskan dan jumlah netonya dilaporkan amount is reported in the consolidated statements of
pada laporan posisi keuangan konsolidasian ketika financial position when there is a legally enforceable
terdapat hak yang berkekuatan hukum untuk right to offset the recognised amounts and there is an
melakukan saling hapus atas jumlah yang telah diakui intention to settle on a net basis or realise the asset
tersebut dan adanya niat untuk menyelesaikan secara and settle the liability simultaneously.
neto, atau untuk merealisasikan aset dan
menyelesaikan liabilitas secara bersamaan.
Hak saling hapus tidak kontinjen atas peristiwa di The legally enforceable right must not be contingent
masa depan dan dapat dipaksakan secara hukum on future events and must be enforceable in the
dalam situasi bisnis yang normal dan dalam peristiwa normal course of business and in the event of default,
gagal bayar, atau peristiwa kepailitan atau insolvency or bankruptcy of the Bank and
kebangkrutan Bank dan Entitas Anak atau pihak Subsidiaries or the counterparty.
lawan.
h. Penurunan nilai dari aset keuangan h. Impairment of financial assets
Bank CIMB Niaga dan Entitas Anak menggunakan Bank CIMB Niaga and Subsidiaries uses the risk
pendekatan model parameter risiko yang parameter modelling approach that incorporates key
menggunakan beberapa parameter utama, antara lain parameters, including the Probability of Default (“PD”),
Probability of Default (“PD”), Loss Given Default Loss Given Default (“LGD”), Exposure at Default
(“LGD”), Exposure at Default (“EAD”) dan tingkat (“EAD”) and discount rate, after considering forward-
diskonto, setelah memperhitungkan dampak asumsi looking economic assumptions.
ekonomi masa depan.
a. Probability of Default (“PD”) a. Probability of Default (“PD”)
Probabilitas yang timbul di suatu waktu dimana The probability at a point in time that a
debitur mengalami gagal bayar, dikalibrasikan counterparty will default, calibrated over up to 12
months from the reporting date (stage 1) or over
sampai dengan periode 12 bulan dari tanggal the lifetime of the product (stage 2 and 3) and
laporan (tahapan 1) atau sepanjang umur incorporating the impact of forward-looking
(tahapan 2 dan 3) dan digabungkan pada dampak economic assumptions that have an effect on
asumsi ekonomi masa depan yang memiliki risiko credit risk. PD is estimated at a point in time that
kredit. PD diestimasikan pada point in time means it will fluctuate in line with the economic
dimana hal ini berfluktuasi sejalan dengan siklus cycle.
ekonomi.
Halaman – 5/36 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 660
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
b. Loss Given Default (“LGD”) b. Loss Given Default (“LGD”)
Kerugian yang diperkirakan akan timbul dari The loss that is expected to arise on default,
debitur yang mengalami gagal bayar dengan incorporating the impact of relevant forward
menggabungkan dampak dari asumsi ekonomi looking economic assumptions (if any), which
masa depan yang relevan (jika ada) dimana hal represents the difference between the contractual
ini mewakili perbedaan antara arus kas cash flows due and those that the Bank expects to
kontraktual yang akan jatuh tempo dengan arus receive. The Bank estimates LGD based on the
kas yang diharapkan untuk diterima. Bank historical recovery rates and considers the
mengestimasikan LGD berdasarkan data historis recovery of any collateral that is integral to the
dari tingkat pemulihan dan memperhitungkan financial assets, taking into account forward
pemulihan yang berasal dari jaminan terhadap looking economic assumptions if relevant.
aset keuangan dengan mempertimbangkan
asumsi ekonomi di masa depan jika relevan.
c. Exposure at Default (“EAD”) c. Exposure at Default (“EAD”)
Perkiraan nilai eksposur neraca pada saat gagal The expected balance sheet exposure at the time
bayar dengan mempertimbangkan perubahan of default, taking into account that expected
ekspektasi yang diharapkan selama masa change in exposure over the lifetime of the
eksposur. Hal ini menggabungkan dampak exposure. This incorporates the impact of
penarikan fasilitas yang committed, pembayaran drawdowns of committed facilities, repayments of
pokok dan bunga, amortisasi dan pembayaran principal and interest, amortization and
dipercepat, bersama dengan dampak asumsi prepayments, together with the impact of
ekonomi masa depan jika relevan. forward-looking economic assumptions where
relevant.
Pada transaksi konvensionalnya, Bank CIMB Niaga In the conventional transaction, Bank CIMB Niaga and
dan Entitas Anak menggunakan pendekatan 3 tahapan Subsidiaries use 3 stage approach to measure
dalam mengukur penurunan nilai dari kelompok aset impairment for financial assets recorded at amortised
keuangan yang dicatat berdasarkan biaya perolehan cost as follows:
diamortisasi yaitu:
a. Kerugian kredit ekspektasian 12 bulan a. 12 month expected credit losses (stage 1)
(tahapan 1)
Kerugian kredit ekspektasian diakui pada saat Expected credit losses are recognised at the time
pengakuan awal instrumen keuangan dan of initial recognition of a financial instrument and
merepresentasikan kekurangan kas sepanjang represent the lifetime cash short falls arising from
umur aset yang timbul dari kemungkinan gagal possible default events up to twelve months into
bayar di masa yang akan datang dalam kurun the future from the reporting date. Expected credit
waktu dua belas bulan sejak tanggal pelaporan. losses continue to be determined on this basis until
Kerugian kredit ekspektasian terus ditentukan there is either a significant increase in the credit
oleh dasar ini sampai timbul peningkatan risiko risk of an instrument or the instrument becomes
kredit yang signifikan pada instrumen tersebut credit impaired. If an instrument is no longer
atau instrumen tersebut telah mengalami considered to exhibit a significant increase in credit
penurunan nilai kredit. Jika suatu instrumen tidak risk, expected credit losses will revert to being
lagi dianggap menunjukkan peningkatan risiko recalculated on a twelve month basis.
kredit yang signifikan, maka kerugian kredit
ekspektasian dihitung kembali berdasarkan basis
dua belas bulan.
Halaman – 5/37 – Page
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Page 661
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
b. Peningkatan risiko kredit yang signifikan b. Significant increase in credit risk (stage 2)
(tahapan 2)
Jika aset keuangan mengalami peningkatan risiko If a financial asset experiences a significant
kredit yang signifikan (SICR) sejak pengakuan increase in credit risk (SICR) since initial
awal, kerugian kredit ekspektasian diakui atas recognition, an expected credit loss provision is
kejadian gagal bayar yang mungkin terjadi recognised for default events that may occur over
sepanjang umur aset. Peningkatan signifikan the lifetime of the asset. Significant increase in
dalam risiko kredit dinilai dengan credit risk is assessed by comparing the risk of
membandingkan risiko gagal bayar atas eksposur default of an exposure at the reporting date to the
pada tanggal pelaporan dengan risiko gagal risk of default at origination (after taking into
bayar saat pengakuan awal (setelah account the passage of time).
memperhitungkan perjalanan waktu dari akun
tersebut).
Signifikan tidak berarti signifikan secara statistik, Significant does not mean statistically significant
juga tidak dinilai dalam konteks perubahan dalam nor is it assessed in the context of changes in
cadangan kerugian kredit ekspektasian. expected credit loss. Whether a change in the risk
Perubahan atas risiko gagal bayar dinilai of default is significant or not is assessed using a
signifikan atau tidak, dinilai menggunakan number of quantitative and qualitative factors, the
sejumlah faktor kuantitatif dan kualitatif, yang weight of which depends on the type of product
bobotnya bergantung pada tipe produk dan pihak and counterparty. Financial assets that are 30 or
lawan. Aset keuangan dengan tunggakan 30 hari more days past due and not credit impaired will
atau lebih dan tidak mengalami penurunan nilai always be considered to have experienced a
akan selalu dianggap telah mengalami significant increase in credit risk.
peningkatan risiko kredit yang signifikan.
c. Eksposur yang mengalami penurunan nilai kredit c. Credit impaired or defaulted exposures (stage 3)
atau gagal bayar (tahapan 3)
Aset keuangan yang mengalami penurunan nilai Financial assets that are credit impaired (or in
(atau gagal bayar) merupakan aset yang default) represent those that are at least 90 days
setidaknya telah memiliki tunggakan lebih dari 90 past due in respect of principal and/or interest or
hari atas pokok dan/atau bunga atau memiliki has certain credit grades. Financial assets are
peringkat kredit tertentu. Aset keuangan juga also considered to be credit impaired where the
dianggap mengalami penurunan nilai kredit debtors are unlikely to pay on the occurrence of
dimana debitur kemungkinan besar tidak akan one or more observable events that have a
membayar dengan terjadinya satu atau lebih detrimental impact on the estimated future cash
kejadian yang teramati yang memiliki dampak flows of the financial asset.
menurunkan jumlah estimasi arus kas masa
depan dari aset keuangan tersebut.
Halaman – 5/38 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 662
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
c. Eksposur yang mengalami penurunan nilai kredit c. Credit impaired or defaulted exposures (stage 3)
atau gagal bayar (tahapan 3) (lanjutan) (continued)
Cadangan kerugian penurunan nilai terhadap aset Loss provisions against credit impaired financial
keuangan yang mengalami penurunan nilai assets are determined based on an assessment of
ditentukan berdasarkan penilaian terhadap arus the recoverable cash flows under a range of
kas yang dapat dipulihkan berdasarkan sejumlah scenarios, including the realisation of any collateral
skenario, termasuk realisasi jaminan yang dimiliki held where appropriate. The ECL will reflect
jika memungkinkan. KKE akan mencerminkan weighted average of the scenarios based on the
rata-rata tertimbang dari skenario berdasarkan probability of the relevant scenario to occur. The
probabilitas dari skenario yang relevan untuk loss provisions held represent the difference
terjadi. Cadangan kerugian penurunan nilai between the present value of the cash flows
merupakan selisih antara nilai sekarang dari arus expected to be recovered, discounted at the
kas yang diperkirakan akan dipulihkan, instrument’s original effective interest rate, and the
didiskontokan pada suku bunga efektif awal, dan gross carrying value of the instrument prior to any
nilai tercatat bruto instrumen sebelum penurunan credit impairment.
nilai kredit.
Periode yang diperhitungkan ketika mengukur The period considered when measuring expected
kerugian kredit ekspektasian adalah periode yang credit loss is the shorter of the expected life and
lebih pendek antara umur ekspektasian dan the contractual term of the financial asset. The
periode kontrak aset keuangan. Umur expected life may be impacted by prepayments
ekspektasian dapat dipengaruhi oleh pembayaran and the maximum contractual term by extension
dimuka dan periode kontrak maksimum melalui options. For certain revolving portfolios, including
opsi perpanjangan kontrak. Untuk portofolio credit cards, the expected life is assessed over the
revolving tertentu, termasuk kartu kredit, umur period that the Bank is exposed to credit risk
ekspektasian dinilai sepanjang periode dimana (which is based on the length of time it takes for
Bank terekspos dengan risiko kredit (berdasarkan credit facilities to be withdrawn) rather than the
durasi waktu yang dibutuhkan untuk fasilitas kredit contractual term.
ditarik), bukan sepanjang periode kontrak.
Sesuai dengan siaran pers dari Ikatan Akuntan In accordance to press conference of Indonesian
Indonesia (IAI) pada tanggal 10 Januari 2018 dan Institute of Accountants on 10 January 2018 and
Interpretasi Standar Akuntansi Keuangan (ISAK) 102, Interpretation of Financial Accounting Standards
khusus untuk transaksi berbasis syariah pengukuran (ISFAS) 102, particularly for sharia-based transaction
penurunan nilai dari kelompok aset keuangan masih impairment losses from group of financial assets still
belum mengadopsi PSAK 71. has not adopted SFAS 71.
Jika pada periode berikutnya, jumlah kerugian If in a subsequent period, the amount of the impairment
penurunan nilai berkurang dan pengurangan tersebut loss decreases and the decrease can be related
dapat dikaitkan secara objektif pada peristiwa yang objectively to an event occurring after the impairment
terjadi setelah penurunan nilai diakui (misalnya was recognised (such as an improvement in the
perbaikan pada rating kredit debitur), maka kerugian debtor’s credit rating), the previously recognised
penurunan nilai yang sebelumnya diakui harus impairment is reversed directly, or by adjusting the
dipulihkan, baik secara langsung, atau dengan allowance account. The amount of the impairment
menyesuaikan pos cadangan. Jumlah pemulihan reversal is recognised as profit or loss.
penurunan nilai diakui sebagai laba rugi.
Halaman – 5/39 – Page
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Page 663
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
Ketika kredit yang diberikan tidak tertagih, kredit When a loan is uncollectible, it is written off by reverse
tersebut dihapus buku dengan menjurnal balik the related allowance for impairment losses. Such loans
cadangan kerugian penurunan nilai. Kredit yang are written off after all the necessary procedures have
diberikan tersebut dapat dihapus buku setelah semua been completed and the amount of the loss has been
prosedur yang diperlukan telah dilakukan dan jumlah determined.
kerugian telah ditentukan.
Macroeconomic Variables (“MEV”) Macroeconomic Variables (“MEV”)
Sesuai dengan PSAK 71, perhitungan kerugian kredit In accordance with SFAS 71, the calculation of expected
ekspektasian wajib memperhitungkan pengaruh dari credit losses must consider the effect of the current
macroeconomic forecast sekarang pada saat macroeconomic forecast when making the model in
pembuatan permodelan dalam menghitung kerugian calculating the expected credit losses. Bank CIMB Niaga
kredit ekspektasian. Bank CIMB Niaga dan Entitas and Subsidiaries had considered several MEV relevant
Anak telah memperhitungkan beberapa MEV yang to this modelling and have updated the MEV forecast at
relevan dengan permodelan tersebut dan melakukan least once a year. The relevance of the MEV is measured
pengkinian MEV forecast paling sedikit satu tahun using statistical regression analysis and reviewed
sekali. Relevansi MEV tersebut diukur dengan periodically by involving several experts such as
menggunakan analisis regresi statistik dan direviu economic teams, directorate risk and consultants in its
secara berkala dengan melibatkan beberapa tenaga development to provide an overview of the best forecast
ahli seperti tim ekonomi, direktorat risk dan konsultan of the current economy as well as predictions for the
dalam pengembangannya untuk memberikan economics’ going concern.
gambaran perkiraan terbaik terhadap perekonomian
saat ini serta prediksi untuk perekonomian ke depan.
Seperti halnya perkiraan ekonomi lainnya, proyeksi dan As with any economic forecasts, the projections and
kemungkinan terjadi bergantung pada ketidakpastian likelihoods of occurrence are subject to inherent
yang melekat dan oleh karena itu hasil aktual mungkin uncertainty and therefore the actual outcomes may be
berbeda dengan yang diproyeksikan. Bank CIMB Niaga different to those projected. Bank CIMB Niaga and
dan Entitas Anak menganggap perkiraan ini untuk Subsidiaries consider these forecasts to represent its best
mewakili perkiraan terbaik atas hasil yang paling estimate of the possible outcomes and has analysed the
memungkinkan dan telah menganalisis nonlinearitas dan non-linearities and asymmetries within Bank CIMB Niaga
asimetri dalam portofolio Bank CIMB Niaga dan Entitas and Subsidiaries’ different portfolios to establish that the
Anak yang berbeda untuk menetapkan bahwa skenario chosen scenarios are appropriately representative of the
yang dipilih mewakili secara tepat dari berbagai skenario range of possible scenarios.
yang memungkinkan.
\
Bank CIMB Niaga dan Entitas Anak melakukan evaluasi Bank CIMB Niaga and Subsidiaries evaluate the impact of
dampak pandemi COVID-19 terhadap perhitungan the COVID-19 pandemic on calculating expected credit
kerugian kredit ekspektasian, mengingat belum semua loss, considering that not all industrial sectors have fully
sektor industri telah pulih sepenuhnya dari dampak recovered from the impact of the COVID-19 pandemic.
pandemi COVID-19.
Halaman – 5/40 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
h. Penurunan nilai dari aset keuangan (lanjutan) h. Impairment of financial assets (continued)
Bank CIMB Niaga dan Entitas Anak juga telah melakukan Bank CIMB Niaga and Subsidiaries have also made loan
restrukturisasi kredit untuk mendukung nasabah restructuring to support personal and business customers
perseorangan dan bisnis melalui masa-masa sulit ini, through these challenging times, including payment
termasuk penundaan pembayaran, penurunan tingkat holidays, decrease in interest rate, and liquidity relief for
suku bunga, dan bantuan likuiditas bisnis untuk businesses facing market uncertainty. Bank CIMB Niaga
menghadapi ketidakpastian pasar. Bank CIMB Niaga dan and Subsidiaries is also aligning with the OJK regulation
Entitas Anak juga menyelaraskan dengan kebijakan OJK related to relaxation during pandemic condition.
terkait relaksasi dengan kondisi pandemi.
Dalam menilai kondisi masa depan, Bank CIMB Niaga In assessing future conditions, Bank CIMB Niaga and
dan Entitas Anak telah mempertimbangkan berbagai Subsidiaries have considered various relevant information
informasi relevan yang tersedia, termasuk available, including introduced more criteria policy for
memperkenalkan lebih banyak kebijakan kriteria untuk staging, rigorous monitoring in assessing the customers
pendekatan tahapan, pemantauan yang ketat dalam requiring stimulus on individual account basis and
menilai pelanggan yang membutuhkan stimulus downgraded accordingly when necessary as the additional
berdasarkan akun perorangan dan akan diturunkan effort to address the concern of need for pandemic
apabila diperlukan sebagai upaya tambahan untuk including further assessment during the watchlist process
mengatasi kekhawatiran terhadap pandemi, termasuk through more stratification on the risk level.
penilaian lebih lanjut dalam hal proses watchlist melalui
stratifikasi yang lebih ditekankan pada tingkat risiko.
Bank CIMB Niaga dan Entitas Anak menyesuaikan Bank CIMB Niaga and Subsidiaries also adjust
skenario makro ekonomi pada metodologi perhitungan macro-economic scenario for expected credit loss
kerugian kredit ekspektasian. Bank CIMB Niaga dan calculation methodology. Bank CIMB Niaga and
Entitas Anak terus mengikuti metodologi ini dalam Subsidiaries continue to follow this methodology in
menghasilkan rata-rata tertimbang pada kerugian kredit generating consensus probability-weighted expected
ekspektasian secara konsensus, dengan skenario credit loss, with additional scenarios and management’s
tambahan dan penyesuaian manajemen yang adjustments supplementing this expected credit loss
melengkapi kerugian kredit ekspektasian yang menurut where, in Bank CIMB Niaga and Subsidiaries’ opinion, the
Bank CIMB Niaga dan Entitas Anak, perkiraan konsensus consensus forecast does not fully capture the extent of
tidak sepenuhnya menangkap tingkat kredit atau peristiwa recent credit or economic events.
ekonomi baru-baru ini.
i. Kas i. Cash
Kas meliputi kas kecil, kas besar, kas di dalam Cash includes petty cash, cash, cash in Automatic Teller
Anjungan Tunai Mandiri (ATM)/Cash Deposit Machine Machines (ATMs)/Cash Deposit Machine (CDMs), and
(CDM), dan bank notes. bank notes.
j. Giro pada bank lain dan Bank Indonesia j. Current accounts with other banks and Bank
Indonesia
Giro pada bank lain dan Bank Indonesia (BI) Current account with other banks and Bank Indonesia
diklasifikasikan sebagai biaya perolehan yang (BI) are classified as amortised cost. Refer to Note 2f for
diamortisasi. Lihat Catatan 2f untuk kebijakan the accounting policy of amortised cost.
akuntansi atas biaya perolehan yang diamortisasi.
Giro pada bank lain dan Bank Indonesia dinyatakan Current accounts with other banks and Bank Indonesia
sebesar saldo giro dikurangi dengan cadangan are stated at the outstanding balance less allowance for
kerugian penurunan nilai. impairment losses.
Halaman – 5/41 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 665
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
j. Giro pada bank lain dan Bank Indonesia (lanjutan) j. Current accounts with other banks and Bank
Indonesia (continued)
Giro Wajib Minimum (dahulu disebut Giro Wajib Minimum Statutory Reserve (previously Primary
Minimum Primer) adalah simpanan minimum yang Minimum Statutory Reserve) is minimum deposit that
wajib dipelihara oleh Bank dalam bentuk saldo rekening should be maintained by Bank in current account with
giro pada BI yang besarnya ditetapkan oleh BI sebesar BI in certain percentage of third party fund which is
persentase tertentu dari dana pihak ketiga. determined by BI.
Penyangga Likuiditas Makroprudensial (dahulu disebut Macroprudential Liquidity Buffer (previously Secondary
Giro Wajib Minimum Sekunder) adalah cadangan Minimum Statutory Reserve) is minimum reserve that
minimum yang wajib dipelihara oleh Bank dalam bentuk should be maintained by Bank in form of Certificate of
Sertifikat Bank Indonesia (SBI), Sertifikat Deposito Bank Indonesia, Bank Indonesia Deposit Certificate
Bank Indonesia (SDBI), Surat Utang Negara (SUN) (SDBI), Government Debenture Debt (SUN) and/or
dan/atau Surat Berharga Negara (SBN), yang besarnya Government Commercial Notes (SBN), in certain
ditetapkan BI sebesar persentase tertentu. percentage determined by BI.
k. Penempatan pada bank lain dan Bank Indonesia k. Placements with other banks and Bank Indonesia
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia are
diklasifikasikan sebagai biaya perolehan diamortisasi. amortised cost. Refer to Note 2f for the accounting
Lihat Catatan 2f untuk kebijakan akuntansi atas biaya policy of amortised cost.
perolehan diamortisasi.
l. Efek-efek dan Obligasi Pemerintah l. Marketable securities and Government Bonds
Efek-efek yang dimiliki terdiri dari SBI, obligasi Marketable securities consist of SBI, corporate bonds,
korporasi, wesel jangka menengah, tagihan wesel medium term notes, export bills receivable, and other
ekspor, dan efek-efek pasar uang dan pasar modal money market and capital market securities.
lainnya.
Efek-efek dan Obligasi Pemerintah diklasifikasikan Marketable securities and Government Bonds are
sebagai aset keuangan yang diukur pada nilai wajar classified as financial assets at fair value through profit
melalui laba rugi, penghasilan komprehensif lain, dan or loss, other comprehensive income, and amortised
biaya perolehan diamortisasi. Lihat Catatan 2f untuk cost. Refer to Note 2f for the accounting policy of
kebijakan akuntansi atas aset keuangan dalam financial assets measured at fair value through profit or
kelompok diukur pada nilai wajar melalui laba rugi, loss, other comprehensive income, and amortised cost.
penghasilan komprehensif lain, dan biaya perolehan
diamortisasi.
Efek-efek dan Obligasi Pemerintah yang memiliki jatuh Marketable securities and Government Bonds which
tempo kurang dari satu tahun diklasifikasikan sebagai have maturity less than one year are classified as liquid
investasi likuid. investment.
Halaman – 5/42 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 666
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
m. Efek-efek yang dibeli dengan janji dijual kembali m. Securities purchased under resale agreements and
dan efek-efek yang dijual dengan janji dibeli securities sold under repurchase agreements
kembali
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements (reverse
(reverse repo) disajikan sebagai tagihan sebesar harga repo) are presented as receivables at the agreed resale
jual kembali yang disepakati dikurangi dengan selisih price net of the difference between the purchase price
antara harga beli dan harga jual kembali yang and agreed resale price (unearned interest income) and
disepakati (pendapatan bunga yang ditangguhkan) dan allowance for impairment losses. The difference
cadangan kerugian penurunan nilai. Selisih antara between the purchase price and the agreed resale price
harga beli dan harga jual kembali yang disepakati are amortised using effective interest rate as interest
tersebut diamortisasi dengan menggunakan suku income over the period, commencing from the
bunga efektif sebagai pendapatan bunga selama acquisition date to the resale date.
jangka waktu sejak efek-efek itu dibeli hingga saat dijual
kembali.
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements (reverse
(reverse repo) diklasifikasikan sebagai biaya perolehan repo) are classified as amortised cost. Refer to Note 2f
diamortisasi. Lihat Catatan 2f untuk kebijakan for the accounting policy for financial assets that
akuntansi atas aset keuangan yang diklasifikasikan classified as amortised cost.
sebagai biaya perolehan diamortisasi.
Efek-efek yang dijual dengan janji untuk dibeli kembali Securities sold under repurchase agreements (repo)
(repo) disajikan sebagai liabilitas dalam laporan posisi are presented as liabilities in the consolidated statement
keuangan konsolidasian sebesar harga beli kembali of financial position at the agreed repurchase price net
yang disepakati dikurangi selisih antara harga jual dan of the difference between the selling price and the
harga beli kembali yang disepakati (beban bunga agreed repurchase price (prepaid interest expense).
dibayar dimuka). Selisih antara harga jual dan harga The difference between the selling price and the agreed
beli kembali yang disepakati tersebut diamortisasi repurchase price is amortised as interest expense over
sebagai beban bunga selama jangka waktu sejak efek- the period commencing from the selling date to the
efek dijual hingga dibeli kembali. repurchase date.
Efek-efek yang dijual dengan janji untuk dibeli kembali Securities sold under repurchase agreements are
diklasifikasikan sebagai liabilitas keuangan yang diukur classified as financial liabilities at amortised cost. Refer
dengan biaya perolehan diamortisasi. Lihat Catatan 2f to Note 2f for the accounting policy for financial liabilities
untuk kebijakan akuntansi atas liabilitas keuangan yang at amortised cost.
diukur dengan biaya perolehan diamortisasi.
n. Instrumen keuangan derivatif dan lindung nilai n. Derivative financial instruments and hedging
Akuntansi instrumen keuangan derivatif Accounting for derivative financial instruments
Dalam melakukan usaha bisnisnya, Bank CIMB Niaga In the normal course of business, Bank CIMB Niaga
melakukan transaksi instrumen keuangan derivatif enters into transactions involving derivative financial
seperti kontrak tunai dan berjangka mata uang asing, instruments such as foreign currency spot and forward
foreign currency swaps, kontrak opsi mata uang asing, contracts, foreign currency swaps, foreign currency
dan swap tingkat suku bunga. Instrumen keuangan options contracts, and interest rate swaps. Derivative
derivatif dinilai dan dibukukan di laporan posisi financial instruments are valued and recorded on
keuangan konsolidasian pada nilai wajar dengan consolidated statement of financial position at their fair
menggunakan harga pasar. Derivatif dicatat sebagai value using market rates. Derivatives are carried as
aset apabila memiliki nilai wajar positif dan sebagai assets when the fair value is positive and as liabilities
liabilitas apabila memiliki nilai wajar negatif. when the fair value is negative.
Halaman – 5/43 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 667
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
n. Instrumen keuangan derivatif dan lindung nilai n. Derivative financial instruments and hedging
(lanjutan) (continued)
Akuntansi instrumen keuangan derivatif (lanjutan) Accounting for derivative financial instruments
(continued)
Keuntungan atau kerugian yang terjadi dari perubahan Gains or losses as a result of fair value changes are
nilai wajar diakui sebagai laba rugi. recognised as current year profit or loss.
Akuntansi untuk aktivitas lindung nilai Accounting for hedging activities
Instrumen keuangan derivatif pada awalnya diakui di Derivative financial instruments are initially recognised
laporan posisi keuangan konsolidasian berdasarkan in the consolidated statement of financial position at fair
nilai wajar pada tanggal kontrak derivatif disepakati dan value on the date a derivative contract is entered into
selanjutnya dinilai kembali berdasarkan nilai wajarnya. and subsequently are remeasured at their fair values.
Metode untuk mengakui keuntungan atau kerugian The method of recognising the resulting gain or loss is
yang terjadi tergantung pada sifat dari objek yang dependent on the nature of the item being hedged.
dilindungi nilainya. Bank CIMB Niaga Bank CIMB Niaga designates certain derivatives as
mengelompokkan derivatif sebagai (1) instrumen either (1) a hedge of the fair value of a recognised asset
lindung nilai terhadap nilai wajar suatu aset atau or liability or of an unrecognised firm commitment (fair
liabilitas yang diakui atau terhadap komitmen teguh value hedge), or (2) a hedge of highly probable future
yang belum diakui (lindung nilai atas nilai wajar), atau cash flows attributable to a recognised assets or liability
(2) instrumen lindung nilai atas arus kas masa depan or a forecasted transaction (cash flow hedge).
yang kemungkinan besar terjadi yang dapat
diatribusikan dengan aset dan liabilitas yang telah
diakui atau sebuah prakiraan transaksi yang
kemungkinan besar terjadi (lindung nilai arus kas).
Walaupun merupakan sarana lindung nilai ekonomis Certain derivative transactions, whilst providing
yang efektif berdasarkan kebijakan manajemen risiko effective economic hedges under Bank CIMB Niaga’s
Bank CIMB Niaga, beberapa transaksi derivatif tertentu risk management policy, do not qualify for hedge
tidak memenuhi persyaratan sebagai akuntansi lindung accounting under the specific rules in SFAS 71.
nilai berdasarkan ketentuan PSAK 71.
Pada awal terjadinya transaksi, Bank CIMB Niaga At the inception of transaction, Bank CIMB Niaga
mendokumentasikan hubungan antara instrumen documents the relationship between hedging
lindung nilai dan unsur yang dilindungi nilainya, juga instruments and hedged items, as well as its risk
tujuan manajemen risiko dan strategi yang diterapkan management objective and strategy for undertaking
dalam melakukan berbagai macam transaksi lindung various hedge transactions. This process includes
nilai. Proses dokumentasi ini menghubungkan derivatif linking all derivatives designated as hedges to specific
yang ditujukan sebagai lindung nilai dengan aset dan assets and liabilities or specific firm commitments or
liabilitas tertentu atau dengan komitmen atau transaksi forecast transactions. If the hedge ratio for risk
tertentu yang diperkirakan. Jika rasio lindung nilai untuk management purposes is no longer optimal but the risk
tujuan manajemen risiko tidak lagi optimal tetapi tujuan management objective remains unchanged and the
manajemen risiko tetap tidak berubah dan lindung nilai hedge continues to qualify for hedge accounting, the
terus memenuhi syarat untuk akuntansi lindung nilai, hedge relationship will be rebalanced by adjusting
hubungan lindung nilai akan diseimbangkan dengan either the volume of the hedging instrument or the
menyesuaikan volume instrumen lindung nilai atau volume of the hedged item so that the hedge ratio
volume item yang dilindungi nilai sehingga rasio lindung aligns with the ratio used for risk management
nilai sejalan dengan rasio yang digunakan untuk tujuan purposes. Any hedge ineffectiveness is calculated and
manajemen risiko. Ketidakefektifan lindung nilai accounted for in profit or loss at the time of the hedge
dihitung dan dicatat dalam laba rugi pada saat relationship rebalancing.
penyeimbangan kembali hubungan lindung nilai.
Nilai wajar berbagai instrumen derivatif yang The fair values of various derivative instruments used
digunakan untuk tujuan lindung nilai diungkapkan for hedging purposes are disclosed in Note 11.
dalam Catatan 11.
Halaman – 5/44 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 668
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Kredit yang diberikan o. Loans
Setelah pengakuan awal, kredit yang diberikan diukur Subsequent to initial recognition, loans are measured
pada biaya perolehan diamortisasi (Catatan 2f). Untuk at amortised cost (Note 2f). For loan which classified
kredit yang diberikan dengan biaya perolehan as amortised cost, it is subsequently measured by
diamortisasi, setelah pengakuan awal diukur using the effective interest method.
menggunakan suku bunga efektif.
Termasuk dalam kredit yang diberikan adalah Loans include sharia financing which consist of
pembiayaan syariah yang terdiri dari piutang murabahah receivables, qardh receivables,
murabahah, piutang qardh, pembiayaan musyarakah, musyarakah financing, mudharabah financing, and
pembiayaan mudharabah, dan ijarah. Murabahah ijarah. Murabahah is an agreement for the sale and
adalah akad jual beli barang dengan harga jual sebesar purchase of goods with sales price equivalent to cost
biaya perolehan ditambah keuntungan (marjin) yang plus agreed margin, and the seller should inform the
disepakati dan penjual harus mengungkapkan biaya purchase cost to buyer. Qardh is a loan/borrowing
perolehan barang tersebut kepada pembeli. Qardh funds without profit wherein the borrower return the
adalah akad pinjam meminjam dana tanpa imbalan principal of the loan at lump sum or on installment over
dengan liabilitas pihak peminjam mengembalikan certain period. Musyarakah is an agreement between
pokok pinjaman secara sekaligus atau cicilan dalam investors (musyarakah partners) to have a join-venture
jangka waktu tertentu. Musyarakah adalah akad in a partnership, at an agreed nisbah sharing portion,
kerjasama antara dua pihak atau lebih untuk suatu while losses will be proportionately distributed based
usaha tertentu, dimana masing-masing pihak on the capital contribution. These funds including cash
memberikan kontribusi dana dengan ketentuan bahwa or non-cash assets which are allowed by sharia.
keuntungan dibagi berdasarkan kesepakatan Descendant of musyarakah financing (musyarakah
sedangkan kerugian berdasarkan porsi kontribusi mutanaqisha) is musyarakah with condition that the
dana. Dana tersebut meliputi kas atau aset nonkas portion of fund of one of the musyarakah partners will
yang diperkenankan oleh syariah. Pembiayaan be transferred in several stages to the other partner,
musyarakah menurun (musyarakah mutanaqisha) resulting in the declining of fund portion of one of the
adalah musyarakah dengan ketentuan bagian dana musyarakah partners, and at the end of contract, the
salah satu mitra akan dialihkan secara bertahap other partner will become the sole owner of the
kepada mitra lainnya sehingga bagian dananya akan partnership. Mudharabah is an agreement between
menurun dan pada akhir masa akad mitra lain tersebut Bank CIMB Niaga as an owner of funds (shahibul
akan menjadi pemilik penuh usaha tersebut. maal) and customer as a fund manager (mudharib) to
Mudharabah adalah akad kerjasama usaha antara run a business with pre-defined terms of gain or loss
Bank CIMB Niaga sebagai pemilik dana (shahibul maal) (nisbah). Ijarah is a lease agreement between lessor
dan nasabah selaku pengelola dana (mudharib), and lessee to get margin from leased object.
menjalankan usaha dengan penentuan awal
keuntungan atau kerugian (nisbah). Ijarah adalah akad
sewa-menyewa antara pemilik (objek sewa) dan
penyewa untuk mendapatkan imbalan atas objek sewa
yang disewakannya.
Piutang syariah dengan akad Murabahah disajikan Sharia receivables with Murabahah agreement is
sebesar jumlah pembiayaan dikurangi cadangan stated at their outstanding balance less allowance for
kerugian penurunan nilai sesuai dengan PSAK 102 impairment losses as required by SFAS 102 regarding
tentang Akuntansi Murabahah dan piutang/ Accounting for Murabahah and sharia receivables/
pembiayaan syariah dengan akad non murabahah financing with non murabahah agreement is stated at
disajikan sebesar jumlah pembiayaan dikurangi their outstanding balance less allowance for
cadangan kerugian penurunan nilai sesuai dengan impairment losses as required by the applicable SFAS.
PSAK yang berlaku.
Halaman – 5/45 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 669
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
o. Kredit yang diberikan (lanjutan) o. Loans (continued)
Piutang/ pembiayaan syariah disajikan sebesar jumlah Sharia receivables/ financing is presented at the
pembiayaan dikurangi dengan cadangan kerugian amount of financing less allowance for impairment
penurunan nilai dengan jumlah minimum berdasarkan losses with a minimum amount based on the Financial
Peraturan Otoritas Jasa Keuangan (POJK) No. Services Authority Regulation (POJK) No.
2/POJK.03/2022 tentang Penilaian Kualitas Aset Bank 2/POJK.03/2022 concerning Asset Quality Assessment
Umum Syariah dan Unit Usaha Syariah tanggal 7 of Islamic Commercial Banks and Sharia Business
Februari 2022 yang menggantikan POJK No. Units dated 7 February 2022 which replaces POJK No.
19/POJK.03/2018 tentang Perubahan atas Peraturan 19/POJK.03/2018 concerning Amendments to
Otoritas Jasa Keuangan Nomor 16/POJK.03/2014 Financial Services Authority Regulation No.
tentang Penilaian Kualitas Aset Bank Umum Syariah 16/POJK.03/2014 concerning Asset Quality
dan Unit Usaha Syariah. Assessment of Sharia Commercial Banks and Sharia
Business Units.
Grup menghitung cadangan kerugian penurunan nilai The Group assesses the allowance for impairment
atas piutang/ pembiayaan syariah secara kolektif losses for sharia receivables/ financing collectively
menggunakan pendekatan model parameter risiko using the risk parameter modelling approach that
dengan menggunakan parameter utama yaitu PD dan incorporates key parameters, including PD and LGD.
LGD.
Dalam hal restrukturisasi kredit bermasalah dilakukan In troubled debt restructuring which only involves
hanya dengan modifikasi persyaratan kredit. Bank CIMB modification of the credit terms, Bank CIMB Niaga and
Niaga dan Entitas Anak mencatat dampak restrukturisasi Subsidiaries accounts for the restructuring’s effect
tersebut secara prospektif dan tidak mengubah nilai prospectively and does not change the carrying amount
tercatat kredit yang diberikan pada tanggal of the loans at the time of restructuring, unless the
restrukturisasi, kecuali jika jumlahnya melebihi nilai kini amount exceeds the present value of the total future
penerimaan kas masa depan yang ditentukan dalam cash receipts specified in the new terms. If the present
persyaratan baru. Jika nilai kini penerimaan kas masa value of the total future cash receipts specified in the
depan sebagaimana yang ditentukan dalam persyaratan new terms is lower than the carrying amount of the
baru dari kredit yang direstrukturisasi tersebut lebih loans prior to restructuring, Bank CIMB Niaga and
rendah daripada nilai tercatat kredit yang diberikan Subsidiaries reduces the loans balance to the amount
sebelum direstrukturisasi, Bank CIMB Niaga dan Entitas equal to the present value of the total future cash
Anak harus mengurangkan saldo kredit yang diberikan receipts. The amount of the reduction is charged in
ke suatu jumlah yang sama dengan jumlah nilai kini current year’s profit or loss.
penerimaan kas masa depan. Jumlah pengurangan
tersebut dibebankan pada laba rugi tahun berjalan.
p. Piutang pembiayaan konsumen p. Consumer financing receivables
Piutang pembiayaan konsumen Entitas Anak The Subsidiaries’ consumer financing receivables are
diklasifikasikan sebagai biaya perolehan diamortisasi. classified as amortised cost. Refer to Note 2f for the
Lihat Catatan 2f untuk kebijakan akuntansi atas biaya accounting policy of amortised cost.
perolehan diamortisasi.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
p. Piutang pembiayaan konsumen (lanjutan) p. Consumer financing receivables (continued)
Pada saat pengakuan awal, piutang pembiayaan Consumer financing receivables are initially measured
konsumen diukur pada nilai wajar atau nilai wajar at fair value or fair value plus/minus transaction costs
ditambah/dikurangi biaya dan pendapatan transaksi. and income. At initial recognition, the fair value of
Pada saat pengakuan awal, nilai wajar pembiayaan consumer financing receivable represents the
konsumen merupakan jumlah piutang dikurangi receivable deducted by unearned income.
pendapatan yang ditangguhkan.
Selanjutnya, piutang pembiayaan konsumen diukur Subsequently, consumer financing receivables are
dengan biaya perolehan diamortisasi menggunakan measured at amortised cost using the effective interest
metode suku bunga efektif setelah dikurangi dengan rate method net of unearned income on consumer
pendapatan yang ditangguhkan dan cadangan financing and allowance impairment losses.
kerugian penurunan nilai.
Pendapatan pembiayaan konsumen Entitas Anak yang The Subsidiaries unearned consumer financing income
belum diakui merupakan selisih antara jumlah is the difference between total installments to be
keseluruhan pembayaran angsuran yang akan diterima received from customers and total financing which is
dari konsumen dan jumlah pokok pembiayaan, yang recognised as earned income over the term of the
diakui sebagai penghasilan sepanjang jangka waktu contract based on a contract rate of return periodically
kontrak berdasarkan suatu tarif pengembalian menurut on the net investment commencing at the time the
kontrak yang dihitung secara berkala atas nilai investasi consumer financing is executed.
bersih terhitung sejak pembiayaan konsumen
dilakukan.
Penyelesaian kontrak sebelum masa pembiayaan Early termination is treated as a cancellation of an
konsumen berakhir diperlakukan sebagai pembatalan existing contract and the resulting gain or loss is
kontrak pembiayaan konsumen dan keuntungan atau charged as current period profit or loss.
kerugian yang timbul diakui sebagai laba rugi periode
berjalan.
Dalam pembiayaan bersama, Entitas Anak berhak For joint financing agreements, the Subsidiaries have
menentukan tingkat bunga yang lebih tinggi kepada the right to set higher interest rate to the consumer than
konsumen dibandingkan dengan tingkat bunga yang stated in the joint financing agreement with the joint
ditetapkan dalam perjanjian pembiayaan bersama financing provider.
dengan penyedia fasilitas pembiayaan bersama.
Piutang pembiayaan bersama “without recourse” Joint financing receivables without recourse are
disajikan di laporan posisi keuangan konsolidasian presented on a net basis in the consolidated statement
secara bersih. Pendapatan pembiayaan konsumen dan of financial position. Consumer financing income and
beban bunga yang terkait dengan pembiayaan interest expenses related to joint financing without
bersama “without recourse” disajikan secara bersih recourse are presented on a net basis as profit or loss.
sebagai laba rugi.
Halaman – 5/47 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
p. Piutang pembiayaan konsumen (lanjutan) p. Consumer financing receivables (continued)
Jaminan kendaraan yang dikuasai kembali oleh Entitas Net realisable value of repossessed vehicle obtained
Anak dinyatakan berdasarkan nilai terendah antara nilai by the Subsidiaries are stated at the lower of related
tercatat piutang pembiayaan konsumen atau nilai consumer financing receivables’ carrying value or net
realisasi bersih. Selisih antara nilai tercatat dan nilai realisable value of the repossessed assets. The
realisasi bersih dicatat sebagai cadangan kerugian difference between the carrying value and net
penurunan nilai dan dibebankan sebagai laba rugi. realisable value is recorded as allowance for
Dalam upaya penyelesaian piutang, konsumen impairment losses and is charged as profit or loss. In
memberi kuasa kepada Entitas Anak untuk menjual case of default, the consumer gives the right to the
kendaraan ataupun melakukan tindakan lainnya bila Subsidiaries to sell repossessed assets or take any
terjadi wanprestasi terhadap perjanjian pembiayaan. other actions to settle the outstanding consumer
Jika harga jual jaminan kendaraan lebih rendah financing receivables. If the sale price of the
dibandingkan dengan nilai saldo piutang pembiayaan, repossessed vehicles is lower compared to the
maka selisih tersebut dibebankan sebagai laba rugi. consumer financing receivable, then the difference is
Apabila harga jual jaminan kendaraan lebih tinggi charged as profit or loss. If the sale price of the
dibandingkan dengan nilai saldo piutang pembiayaan, repossessed vehicles is higher compared to the
ditambah dengan biaya-biaya penarikan dan consumer financing receivable, plus collection and
pemeliharaan jaminan maka selisih tersebut akan main finance cost of reposed vehicles then the
dikembalikan kepada konsumen. difference will be paid back to the consumers.
q. Tagihan dan liabilitas akseptasi q. Acceptance receivables and payables
Tagihan akseptasi diklasifikasikan sebagai biaya Acceptance receivables are classified as amortised
perolehan diamortisasi. Lihat Catatan 2f untuk cost. Refer to Note 2f for the accounting policy of
kebijakan akuntansi atas biaya perolehan diamortisasi. amortised cost.
Liabilitas akseptasi diklasifikasikan sebagai liabilitas Acceptance payables are classified as financial
keuangan yang diukur dengan biaya perolehan liabilities at amortised cost. Refer to Note 2f for the
diamortisasi. Lihat Catatan 2f untuk kebijakan akuntansi accounting policy for financial liabilities are measured
atas liabilitas keuangan yang diukur dengan biaya at amortised cost.
perolehan diamortisasi.
r. Penyertaan r. Investments
Penyertaan merupakan penanaman dana dalam Investments represent share investments in non-public
bentuk saham pada perusahaan nonpublik yang companies engaged in the financial services industry
bergerak di bidang jasa keuangan untuk tujuan jangka held for the long term, which is recorded at estimated
panjang, yang dicatat pada nilai estimasinya yaitu value being its acquisition cost.
harga perolehan.
Bank CIMB Niaga menyajikan laporan keuangan Bank CIMB Niaga presents separate financial
tersendiri sebagai informasi tambahan (lihat Catatan statements as additional information (see Note 65).
65). Sehingga sesuai dengan ketentuan PSAK 4, Bank Therefore, in accordance with PSAK 4, Bank CIMB
CIMB Niaga mencatat investasi pada Entitas Anak Niaga records investments in Subsidiaries using the
dengan metode harga perolehan pada laporan cost method in those separate financial statements.
keuangan tersendiri tersebut.
Halaman – 5/48 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
s. Aset tetap dan penyusutan s. Fixed assets and depreciation
Tanah dan bangunan disajikan sebesar nilai wajar, Land and buildings are presented at fair value less
dikurangi akumulasi penyusutan untuk bangunan dan accumulated depreciation for buildings and
akumulasi rugi penurunan nilai (jika ada). Penilaian accumulated impairment loss (if any). Valuation of land
terhadap tanah dan bangunan dilakukan oleh penilai and buildings are performed by certified external
independen eksternal. Penilaian atas aset tersebut independent valuers. Valuations are performed with
dilakukan secara berkala (setiap 3 - 5 tahun) untuk sufficient regularity (every 3 - 5 years) to ensure that
memastikan bahwa nilai wajar aset yang direvaluasi the fair value of revalued asset does not differ
tidak berbeda secara material dengan nilai tercatatnya. materially from its carrying amount. Any accumulated
Akumulasi penyusutan pada tanggal revaluasi depreciation at the date of revaluation is eliminated
dieliminasi terhadap nilai tercatat bruto aset dan nilai against the gross carrying amount of the asset, and the
netonya disajikan kembali sebesar nilai revaluasian net amount is restated to the revalued amount of the
aset tetap. asset.
Selisih penilaian kembali aset tetap dikreditkan ke akun The difference resulting from the revaluation of such
“selisih penilaian kembali aset tetap” yang disajikan fixed assets is credited to the “reserve on revaluation
pada bagian ekuitas. of fixed assets” account presented in the equity
section.
Aset tetap, selain tanah dan bangunan, diakui sebesar Fixed assets besides land and buildings are
harga perolehan setelah dikurangi akumulasi recognised at cost less accumulated depreciation.
penyusutan.
Harga perolehan mencakup semua pengeluaran yang Historical cost includes expenditure that is directly
terkait secara langsung dengan perolehan aset tetap. attributable to the acquisition of fixed assets.
Tanah tidak disusutkan. Land is not depreciated.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation on fixed assets other than land are
menggunakan metode garis lurus untuk calculated on the straight-line method to allocate their
mengalokasikan harga perolehan atau nilai setelah cost or revalued amount to their residual values over
penilaian kembali mencapai nilai sisa sepanjang their estimated useful lives as follows:
estimasi masa manfaatnya sebagai berikut:
Tahun/Years Tarif/Rates
Bangunan 20 5% Buildings
Renovasi bangunan milik sendiri 5 20% Renovation of owned buildings
Instalasi (listrik, penyejuk udara, Installations (electricity, air
telepon, telex) 5 20% conditioning,telephone, telex)
Perlengkapan dan perabot kantor 5 20% Office equipment and furniture
Kendaraan bermotor 8 13% Motor vehicle
Anjungan Tunai Mandiri (ATM) 10 10% Automatic Teller Machines (ATMs)
Apabila nilai tercatat aset lebih besar dari nilai yang When the carrying amount of an asset is greater than
dapat diperoleh kembali, nilai tercatat aset diturunkan its estimated recoverable amount, it is written down
menjadi sebesar nilai yang dapat diperoleh kembali, immediately to its recoverable amount, which is
dengan menggunakan nilai tertinggi antara harga jual determined as the higher of net selling price or value in
neto dan nilai pakai. use.
Halaman – 5/49 – Page
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Page 673
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
s. Aset tetap dan penyusutan (lanjutan) s. Fixed assets and depreciation (continued)
Apabila aset tetap tidak digunakan lagi atau dijual, When assets are retired or disposed, their costs and
maka nilai perolehan dan akumulasi penyusutannya the related accumulated depreciation are eliminated
dihapuskan dari laporan keuangan konsolidasian. from the consolidated financial statements.
Keuntungan atau kerugian yang terjadi, diakui sebagai The resulting gains or losses are recognised as related
laba rugi periode terjadinya. Untuk aset tetap yang period’s profit or loss. For revalued fixed assets, the
direvaluasi, surplus revaluasi aset tetap selanjutnya revaluation surplus of fixed asset is subsequently
dialihkan kepada saldo laba saat aset tersebut transferred to retained earnings when the asset is
dihentikan pengakuannya. Keuntungan atau kerugian derecognised. The gain or loss on derecognition of
yang timbul dari penghentian pengakuan aset tetap fixed asset is determined at the difference between the
ditentukan sebesar selisih antara jumlah hasil net disposal proceeds, if any, and their carrying
pelepasan neto, jika ada, dan jumlah tercatatnya. amount.
Biaya pemeliharaan dan perbaikan dicatat sebagai Maintenance and repair cost are charged as an
beban pada saat terjadinya. Pengeluaran yang expense when incurred. Expenditure that extends the
memperpanjang masa manfaat aset dikapitalisasi dan useful life of assets is capitalised and depreciated.
disusutkan.
Aset dalam penyelesaian merupakan aset yang masih Assets in progress consist of assets that are still in
dalam proses penyelesaian dan belum siap untuk progress of completion and not yet ready for use and
digunakan, serta dimaksudkan untuk dipergunakan are intended to be used in business activity. This
dalam kegiatan usaha. Aset ini dicatat sebesar biaya account is recorded based on the amount paid.
yang telah dikeluarkan.
t. Aset takberwujud t. Intangible assets
Aset takberwujud diakui jika, dan hanya jika, biaya Intangible assets are recognised if, and if only when its
perolehan aset tersebut dapat diukur secara andal dan cost can be measured reliably and it is probable that
kemungkinan besar Bank dan Entitas Anak akan expected future benefits that are attributable to it will
memperoleh manfaat ekonomis masa depan dari aset flow to the Bank and Subsidiaries. Intangible assets
tersebut. Aset takberwujud terdiri dari perangkat lunak consist of computer software that are purchased by the
yang dibeli Bank. Bank.
Perangkat lunak yang dibeli dicatat sebesar biaya Software purchased is recorded at cost less
perolehan dikurangi akumulasi amortisasi. Metode accumulated amortisation. Amortisation method,
amortisasi, estimasi masa manfaat dan nilai residual estimated useful life and residual value is reviewed at
ditelaah pada setiap akhir tahun pelaporan dan end of reporting period and adjusted if necessary. The
disesuaikan jika dianggap tepat. Masa manfaat useful lives of software is between five to fifteen years.
perangkat lunak adalah lima hingga lima belas tahun. The amortisation method used is straight line method.
Metode amortisasi yang digunakan adalah garis lurus.
Tidak terdapat aset takberwujud yang tidak dapat There are no intangible assets which its economic life
diestimasi umur ekonomisnya. can not be estimated.
Halaman – 5/50 – Page
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Page 674
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
u. Aset yang diambil alih u. Foreclosed assets
Aset yang diambil alih (AYDA) adalah aset yang Foreclosed assets represent assets acquired by Bank
diperoleh Bank CIMB Niaga dan Entitas Anak, baik CIMB Niaga and Subsidiaries, both from auction and
melalui pelelangan maupun diluar pelelangan non-auction based on voluntary transfer by the debtors
berdasarkan penyerahan secara sukarela oleh pemilik or based on debtors’ approval to sell without bidding
agunan atau berdasarkan kuasa untuk menjual diluar the collateral where the debtors could not fulfill their
lelang dari pemilik agunan dalam hal debitur tidak obligations to Bank CIMB Niaga and Subsidiaries.
memenuhi kewajibannya kepada Bank CIMB Niaga Foreclosed assets represent loan collateral acquired in
dan Entitas Anak. AYDA merupakan jaminan kredit settlement of loans. Bank CIMB Niaga and
yang diberikan yang telah diambil alih sebagai bagian Subsidiaries have policy to sell foreclosed assets to
dari penyelesaian kredit yang diberikan. Bank CIMB settle debtors’ liabilities.
Niaga dan Entitas Anak memiliki kebijakan untuk selalu
berusaha menjual AYDA untuk menyelesaikan sisa
kewajiban debitur.
AYDA diakui sebesar nilai bersih yang dapat direalisasi Foreclosed assets are recognised at their net
(net realisable value), yaitu nilai wajar agunan setelah realisable value. Net realisable value is the fair value of
dikurangi estimasi biaya pelepasan. Kelebihan saldo the foreclosed assets less estimated cost of liquidating
kredit yang diberikan yang belum dilunasi oleh the foreclosed assets. Any excess of the loan balance
peminjam di atas nilai dari AYDA, dibebankan terhadap over the value of the foreclosed assets, which is not
cadangan kerugian penurunan nilai kredit yang recoverable from the borrower, is charged to the
diberikan. allowance for impairment losses of loans and
receivables.
Biaya pemeliharaan atas AYDA yang terjadi setelah Maintenance costs of foreclosed assets subsequent to
pengambilalihan atau akuisisi aset dibebankan sebagai the foreclosure or acquisition of the assets are charged
laba rugi pada saat terjadinya. Keuntungan atau as current year profit or loss as incurred. Gains or
kerugian dari penjualan aset yang diambil alih diakui losses from sale of foreclosed assets are charged as
sebagai laba rugi periode berjalan. current period profit or loss as incurred.
v. Beban dibayar dimuka dan aset lain-lain v. Prepaid expenses and other assets
Beban dibayar dimuka merupakan pembayaran Prepaid expenses are payments made to other parties
kepada pihak lain yang telah dilakukan namun belum but have not been recognised as expense at the time
merupakan beban pada saat pembayaran dilakukan. of payment. Prepaid expenses will be used for Bank
Beban dibayar dimuka akan digunakan untuk aktivitas CIMB Niaga’s and Subsidiaries activities in the future.
Bank CIMB Niaga dan Entitas Anak di masa Prepaid expenses are recognised as expenses during
mendatang. Beban dibayar dimuka akan diakui the amortisation in accordance with the expected
sebagai beban pada saat diamortisasi sesuai dengan period of benefit.
masa manfaatnya.
Termasuk dalam beban dibayar dimuka adalah beban Included in prepaid expenses are insurance expense
asuransi dan beban sewa yang tidak memenuhi and leases that not fullfill requirement of SFAS 73
ketentuan PSAK 73 tentang sewa. Lihat catatan 2w (Leases). See note 2w for leases accounting policy.
untuk kebijakan akuntansi atas sewa.
Halaman – 5/51 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
v. Beban dibayar dimuka dan aset lain-lain (lanjutan) v. Prepaid expenses and other assets (continued)
Termasuk di dalam aset lain-lain antara lain adalah Included in other assets are amongst others security
jaminan keanggotaan dan uang muka jaminan. and membership deposits.
Jaminan keanggotaan dan uang muka jaminan dicatat Security and membership deposits are recorded based
sebesar harga perolehan dan diamortisasi berdasarkan on cost and amortised based on the expected period of
masa berlakunya. benefit.
w. Sewa w. Leases
Kebijakan akuntansi sewa menggunakan model Accounting policies for lease using a single lessee
akuntansi penyewa tunggal dan mensyaratkan accounting model and requires a lessee to recognise
penyewa untuk mengakui aset dan liabilitas untuk assets and liabilities for all leases with the exemptions
semua sewa dengan pengecualian sewa jangka
pendek dengan jangka waktu 12 bulan atau kurang of short-term leases with tenor 12 months or less and
tanpa opsi pembelian dan sewa dengan nilai rendah. the underlying asset without purchasing options is of
Penyewa diharuskan untuk mengakui aset hak guna low value. A lessee is required to recognise a right-of-
yang mewakili haknya untuk menggunakan aset use asset representing its right to use the underlying
sewaan dan liabilitas sewa yang mewakili kewajibannya leased asset and a lease liability representing its
untuk melakukan pembayaran sewa. obligation to make lease payments.
Aset hak guna Right Of Use (“ROU”) assets
Aset hak guna pada awalnya diukur berdasarkan biaya ROU assets are initially measured at cost comprising
yang terdiri dari: the following:
- Jumlah pengukuran awal liabilitas sewa; - The amount of the initial measurement of lease
liability;
- Nilai bersih dari setiap pembayaran sewa yang - Net value of any lease payments than made at or
dilakukan pada/sebelum tanggal mulai sewa dengan before the commencement date with any lease
aset insentif sewa yang diterima; incentive received;
- Biaya langsung awal; dan - Any initial direct costs; and
- Biaya penonaktifan atau pemulihan. - Decommissioning or restoration costs.
Aset hak guna yang bukan properti investasi ROU assets that are not investment properties are
selanjutnya diukur pada biaya perolehan, dikurangi subsequently measured at cost, less accumulated
akumulasi penyusutan dan kerugian penurunan nilai depreciation and impairment loss (if any). The ROU
(jika ada). Aset hak guna pada umumnya disusutkan assets are generally depreciated over the shorter of the
mana yang lebih singkat selama masa manfaat aset asset’s useful life and the lease term on a straight-line
dan masa sewa pada basis garis lurus. Jika Bank dan basis. If the Bank and Subsidiaries is reasonably
Entitas Anak yakin akan melakukan opsi pembelian, certain to exercise a purchase option, the ROU asset
aset hak guna disusutkan selama masa manfaat aset is depreciated over the underlying asset’s useful life. In
pendasar. Selain itu, aset hak guna akan disesuaikan addition, the ROU assets are adjusted for certain re-
untuk pengukuran kembali liabilitas sewa tertentu. Aset measurement of the lease liabilities. ROU assets are
hak guna disajikan dalam pos yang sama dengan pos presented in the same item with item that are used to
yang digunakan untuk menyajikan aset pendasar present the underlying asset as if those assets are
serupa jika aset tersebut dimiliki. owned.
Halaman – 5/52 – Page
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Page 676
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
w. Sewa (lanjutan) w. Leases (continued)
Liabilitas Sewa Lease Liabilities
Liabilitas sewa awalnya diukur pada nilai kini dari Lease liabilities are initially measured at the present
pembayaran sewa yang tidak dibayarkan pada tanggal value of the lease payments that are not paid at that
tersebut. date.
Pembayaran sewa termasuk: The lease payments include the followings:
- Pembayaran tetap (termasuk pembayaran tetap - Fixed payments (including in-substance fixed
secara substansi), dikurangi piutang insentif sewa; payments), less any lease incentive receivable;
- Jumlah yang diharapkan akan dibayarkan oleh Bank - Amounts expected to be payable by the Bank and
dan Entitas Anak dengan jaminan nilai sisa; Subsidiaries under residual value guarantees;
- Harga pelaksanaan opsi pembelian dan - The exercise price of a purchase and extension
perpanjangan jika Bank dan Entitas Anak cukup options if the Bank and Subsidiaries is reasonably
yakin untuk menggunakan opsi tersebut; dan certain to exercise that option; and
- Pembayaran pinalti untuk mengakhiri sewa, jika - Payments of penalties for terminating the lease, if
jangka waktu sewa mencerminkan Bank dan Entitas the lease term reflects the Bank and Subsidiaries
Anak melaksanakan opsi tersebut. exercising that option.
Pembayaran sewa didiskontokan menggunakan tingkat Lease payments are discounted using the interest rate
bunga implisit. Jika tingkat bunga tersebut tidak dapat implicit. If that rate cannot be determined, an
ditentukan, suku bunga pinjaman inkremental incremental borrowing rate is used in determining the
digunakan dalam menentukan tingkat diskonto yang discount rate which the interest rate that the Bank
merupakan tingkat bunga yang harus dibayar oleh Bank would have to pay to borrow over a similar term, the
untuk meminjam dalam jangka waktu yang sama, dana funds necessary to obtain the asset.
yang diperlukan untuk memperoleh aset.
Pembayaran sewa dialokasikan antara pokok dan biaya Lease payments are allocated between principal and
keuangan. Biaya keuangan akan dibebankan pada laba finance cost. The finance cost is charged to profit or
rugi selama periode sewa sehingga menghasilkan loss over the lease period so as to produce a constant
tingkat bunga periodik yang konstan atas saldo liabilitas periodic rate of interest on the remaining balance of the
yang tersisa untuk setiap periode. liability for each period.
Bank dan Entitas Anak menyajikan liabilitas sewa Bank and Subsidiaries present the lease liabilities as
sebagai bagian dari liabilitas lainnya dalam laporan an other liabilities in the statement of financial position.
posisi keuangan. Beban bunga atas liabilitas sewa Interest expense on the lease liability is presented
disajikan sebagai bagian pendapatan bunga bersih under net interest income in the consolidated
dalam laporan laba rugi konsolidasian. statement of profit or loss.
Aset bernilai rendah adalah sewa yang aset Low-value assets are lease which the underlying
pendasarnya bernilai dengan batasan materialitas yang assets is valued with a materiality threshold used of Rp
dipakai adalah Rp 70. Yang dimaksud aset pendasar 70. Underlying low-value assets are when lessee
bernilai rendah adalah ketika lessee menilai aset assesses the value of the underlying assets based on
pendasar berdasarkan nilai aset ketika aset tersebut the value of new assets, regardless the age of the
baru, tanpa memperhatikan umur aset yang disewakan leased asset and is carried out on an absolute basis.
dan dilakukan atas dasar absolut. Penilaian tidak Assessment is not affected by the size, nature or
dipengaruhi oleh ukuran, sifat, atau keadaaan lessee. circumstances of the lessees.
Pembayaran terkait dengan sewa jangka pendek dan Payments associated with short-term and all leases of
semua sewa untuk aset bernilai rendah diakui low-value assets are recognised on a straight-line
berdasarkan metode garis lurus sebagai beban dalam basis as an expense in consolidated statement of profit
laporan laba rugi konsolidasian. or loss.
Halaman – 5/53 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 677
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
x. Liabilitas Segera x. Obligations due immediately
Liabilitas segera adalah liabilitas Bank dan Entitas Anak Obligations due immediately represent Bank and
kepada pihak lain yang sifatnya wajib segera Subsidiaries’ liabilities to other parties that immediately
dibayarkan sesuai dengan perjanjian yang ditetapkan paid-in accordance with terms of the relevant
sebelumnya. agreements.
Liabilitas segera disajikan sebesar biaya perolehan Obligations due immediately are presented at the
yang diamortisasi. Lihat Catatan 2f untuk kebijakan amortised cost. Refer to Note 2f for the accounting
akuntansi atas liabilitas keuangan yang diukur dengan policy for financial liabilities measured at amortised
biaya perolehan diamortisasi. cost.
y. Simpanan dari nasabah dan simpanan dari bank lain y. Deposits from customers and deposits from other
banks
Simpanan dari nasabah adalah dana yang Deposits from customers are the funds placed by
dipercayakan oleh masyarakat (selain bank) kepada customers (excluding banks) with Bank CIMB Niaga
Bank CIMB Niaga berdasarkan perjanjian penyimpanan based on fund deposit agreements. Included in this
dana. Termasuk dalam pos ini adalah giro, tabungan, account are demand deposits, saving deposits, time
deposito berjangka, sertifikat deposito dan bentuk lain deposits, certificates of deposits, and other forms which
yang dapat dipersamakan dengan itu. are similar.
Simpanan dari bank lain terdiri dari liabilitas terhadap Deposits from other banks represent liabilities to
bank lain, baik di dalam maupun luar negeri, dalam domestic and overseas banks, in the form of demand
bentuk giro, interbank call money, deposito berjangka, deposits, inter-bank call money, time deposits, and
dan sertifikat deposito. certificates of deposit.
Simpanan dari nasabah dan dari bank lain Deposits from customers and other banks are
diklasifikasikan sebagai liabilitas keuangan yang diukur classified as financial liabilities measured at amortised
dengan biaya perolehan diamortisasi dan sebagian dari cost and some of deposits from customers are
simpanan dari nasabah diukur pada nilai wajar melalui measured at fair value through profit or loss. Refer to
laba rugi. Lihat Catatan 2f untuk kebijakan akuntansi Note 2f for the accounting policy for financial liabilities
atas liabilitas keuangan yang diukur dengan biaya measured at amortised cost and measured at fair value
perolehan diamortisasi dan diukur pada nilai wajar through profit or loss.
melalui laba rugi.
z. Efek-efek yang diterbitkan z. Marketable securities issued
Efek-efek yang diterbitkan adalah obligasi yang Marketable securities issued is the issuance of bond
diterbitkan dan diklasifikasikan sebagai liabilitas which is classified as financial liabilities measured at
keuangan yang diukur dengan biaya perolehan amortised cost (refer to Note 2f for the accounting
diamortisasi (lihat Catatan 2f untuk kebijakan akuntansi policy for financial liabilities at amortised cost).
atas liabilitas keuangan yang diukur dengan biaya
perolehan diamortisasi).
Halaman – 5/54 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 678
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
z. Efek-efek yang diterbitkan (lanjutan) z. Marketable securities issued (continued)
Biaya transaksi yang timbul sehubungan dengan Transaction cost in relation with the marketable
penerbitan efek-efek dikurangkan dari hasil penerbitan securities issued is deducted from the related
efek-efek bersangkutan. Selisih antara hasil emisi marketable securities issued. Any difference between
bersih dengan nilai nominal obligasi diakui sebagai bond issuance costs and nominal of bond is
diskonto yang diamortisasi selama umur obligasi. recognised as discount and will be amortised based on
bond’s period.
Sukuk Mudharabah yang diterbitkan disajikan sebesar Sukuk mudharabah issued are initially stated at their
nilai wajar pada awalnya. Biaya-biaya yang timbul dari fair value. Issuance costs of the notes is recorded as
penerbitan surat berharga dicatat sebagai beban yang deferred charges which presented under "Other
ditangguhkan yang disajikan dalam akun “Aset lain-lain Assets-others" and amortised using straight line
- lainnya” dan diamortisasi secara garis lurus selama method over the period of the notes.
jangka waktu surat berharga.
aa. Pinjaman yang diterima dan pinjaman subordinasi aa. Borrowings and subordinated loans
Pinjaman yang diterima termasuk pinjaman yang Borrowings include borrowings received by
diterima Entitas Anak dari berbagai bank dan institusi Subsidiaries from various banks and financial
keuangan. Pinjaman subordinasi merupakan pinjaman institutions. A subordinated loan is a loan obtained
yang diperoleh berdasarkan suatu perjanjian under a subordinated agreement, where the position of
subordinasi, dimana kedudukan hak pemberi pinjaman the rights of the subordinated lender is lower than the
subordinasi adalah lebih rendah daripada kedudukan position of the rights of other lenders.”
hak pemberi pinjaman lain.
Pada pengukuran awal pinjaman diterima dan pinjaman Borrowings and subordinated loans are initially
subordinasi disajikan sebesar nilai wajar dikurangi presented at fair value less directly attributable
dengan biaya transaksi yang dapat diatribusikan transaction costs.
langsung dengan perolehan/penerbitan pinjaman dan
obligasi subordinasi.
Pinjaman yang diterima dan pinjaman subordinasi Borrowings and subordinated loans are classified as
diklasifikasikan sebagai liabilitas keuangan yang diukur financial liabilities measured at amortised cost (refer to
dengan biaya perolehan diamortisasi (lihat Catatan 2f Note 2f for the accounting policy for financial liabilities
untuk kebijakan akuntansi atas liabilitas keuangan yang measured at amortised cost).
diukur dengan biaya perolehan diamortisasi).
ab. Pendapatan dan beban bunga ab. Interest income and expense
Pendapatan bunga atas aset keuangan yang diukur Interest income for financial assets held at either fair
dengan nilai wajar melalui penghasilan komprehensif value through other comprehensive income or
lain atau biaya perolehan diamortisasi dan beban bunga amortised cost and interest expense on all financial
atas perolehan seluruh liabilitas keuangan yang diukur liabilities held at amortised cost are recognised in profit
dengan biaya perolehan diamortisasi, diakui pada laba or loss using the effective interest method.
rugi menggunakan metode suku bunga efektif.
Halaman – 5/55 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 679
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ab. Pendapatan dan beban bunga (lanjutan) ab. Interest income and expense (continued)
Suku bunga efektif adalah suku bunga yang secara The effective interest rate is the rate that exactly
tepat mendiskontokan estimasi pembayaran atau discounts estimated future cash payments or receipts
penerimaan kas di masa datang selama perkiraan umur through the expected life of the financial instrument or,
dari instrumen keuangan, atau bilamana tepat, when appropriate, a shorter period to the net carrying
digunakan periode yang lebih singkat untuk amount of the financial asset or financial liability. When
memperoleh nilai tercatat bersih dari aset keuangan calculating the effective interest rate, Bank and
atau liabilitas keuangan. Pada saat menghitung suku Subsidiaries estimates cash flows considering all
bunga efektif, Bank dan Entitas Anak mengestimasi contractual terms of the financial instrument for
arus kas dengan mempertimbangkan seluruh example, prepayment options, call option, and other
persyaratan kontraktual dalam instrumen keuangan similar options, but does not consider future credit
tersebut seperti pelunasan dipercepat, opsi beli losses. The calculation includes all fees, commissions,
(call option), dan opsi serupa lainnya, namun tidak and other fees paid or received between parties to the
mempertimbangkan kerugian kredit di masa datang. contract that are an integral part of the effective interest
Perhitungan ini mencakup seluruh komisi, provisi, dan rate, transaction costs, and all other premiums or
bentuk lain yang dibayarkan atau diterima oleh para discounts.
pihak dalam kontrak yang merupakan bagian tak
terpisahkan dari suku bunga efektif, biaya transaksi,
dan seluruh premi atau diskon lainnya.
Pendapatan bunga atas aset keuangan yang diukur Interest income for financial assets that are either held
dengan nilai wajar melalui penghasilan komprehensif at fair value through other comprehensive income or
lain atau biaya amortisasi yang mengalami penurunan amortised cost that have become credit impaired
nilai setelah pengakuan awal (tahapan 3) diakui subsequent to initial recognition (stage 3) is recognised
berdasarkan suku bunga efektif kredit yang using the credit adjusted effective interest rate. This
disesuaikan. Tingkat bunga ini dihitung dengan cara rate is calculated in the same manner as the effective
yang sama dalam perhitungan suku bunga efektif interest rate except that expected credit losses are
kecuali bahwa cadangan kerugian kredit ekspektasian included in the expected cash flows. Interest income is
sudah termasuk dalam arus kas ekspektasian. Oleh therefore recognised on the amortised cost of the
karenanya, pendapatan bunga diakui atas aset financial asset including expected credit losses. Should
keuangan dalam klasifikasi biaya perolehan the credit risk on a stage 3 financial asset improve such
diamortisasi termasuk kerugian kredit ekspektasian. that the financial asset is no longer considered credit
Dalam kondisi risiko kredit atas aset keuangan tahapan impaired, interest income recognition reverts to a
3 mengalami perbaikan sehingga aset keuangan tidak computation based on the rehabilitated the carrying
lagi dipertimbangkan mengalami penurunan nilai, value of the financial assets – gross.
pengakuan pendapatan bunga dihitung berdasarkan
nilai tercatat bruto aset keuangan.
Pendapatan syariah terdiri dari keuntungan Sharia income represents profit from murabahah,
murabahah, pendapatan ijarah muntahiyah bittamlik, ijarah muntahiyah bittamlik income, mudharabah and
bagi hasil pembiayaan mudharabah dan musyarakah, musyarakah financing profit sharing income and qardh
serta pendapatan qardh. income.
Halaman – 5/56 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 680
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ab. Pendapatan dan beban bunga (lanjutan) ab. Interest income and expense (continued)
Keuntungan murabahah dan pendapatan ijarah Murabahah and ijarah muntahiyah bittamlik income is
muntahiyah bittamlik diakui selama periode akad recognised over the period of the agreement based on
berdasarkan konsep akrual. Pendapatan bagi hasil accrual basis. Mudharabah and musyarakah income is
pembiayaan mudharabah dan musyarakah diakui pada recognised when cash is received or in a period where
saat diterima atau dalam periode terjadinya hak bagi the right of revenue sharing is due based on agreed
hasil sesuai porsi bagi hasil (nisbah) yang disepakati. option. Qardh income is recognised upon receipt.
Pendapatan dari qardh diakui pada saat diterima.
Hak pihak ketiga atas bagi hasil milik nasabah Third parties share on the return of fund owner’s share
didasarkan pada prinsip Mudharabah. Pendapatan is based on the principle of Mudharabah. The profit
yang dibagikan adalah pendapatan yang telah sharing is determined on a cash basis. Distribution of
diterima. Pembagian laba dilakukan berdasarkan profit sharing is based on profit sharing principle which
prinsip bagi hasil yaitu dihitung dari pendapatan yang calculated from the gross profit.
diterima berupa laba bruto.
ac. Pendapatan provisi dan komisi ac. Fees and commissions income
Provisi dan komisi yang berkaitan langsung dengan Fees and commissions income directly related to
kegiatan pemberian kredit diakui sebagai lending activities, are recognised as a part/(deduction)
bagian/(pengurang) dari biaya perolehan kredit dan of credit acquisition cost and will be recognised as
akan diakui sebagai pendapatan bunga dengan cara interest income by amortising the carrying value of loan
diamortisasi berdasarkan metode suku bunga efektif. with effective interest rate method.
Pendapatan provisi dan komisi yang tidak berkaitan Fees and commissions income which are not related to
dengan kegiatan pemberian kredit atas suatu jangka lending activities on a specific period are recognised as
waktu diakui sebagai pendapatan pada saat terjadinya revenues on the transaction.
transaksi.
ad. Pendapatan dan beban operasional lainnya ad. Other operating income and expenses
Beban tenaga kerja Personnel expenses
Beban tenaga kerja meliputi beban berupa gaji Personnel expenses include expenses related with
karyawan, bonus, lembur, tunjangan, dan pelatihan. salaries for employees, bonuses, overtime,
allowances, and training.
Beban umum dan administrasi General and administrative expenses
Beban umum dan administrasi merupakan beban yang General and administrative expenses represent
timbul sehubungan dengan aktivitas kantor dan expenses which related to office activities and Bank
operasional Bank CIMB Niaga dan Entitas Anak. CIMB Niaga and Subsidiaries’ operational activities.
Seluruh pendapatan dan beban yang terjadi All of these income and expenses are recorded as
dibebankan sebagai laba rugi pada saat terjadinya. profit or loss when incurred.
Halaman – 5/57 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 681
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ae. Perpajakan ae. Taxation
Beban pajak kini dihitung berdasarkan peraturan The current income tax charge is calculated on the
perpajakan yang berlaku atau yang secara substantif basis of the tax laws enacted or substantively enacted
berlaku pada akhir periode pelaporan, di negara at the end of the reporting period in the countries where
dimana perusahaan dan entitas anak beroperasi dan the company’s subsidiaries and associates operate
menghasilkan pendapatan kena pajak. Manajemen and generate taxable income. Management
secara periodik mengevaluasi posisi yang dilaporkan di periodically evaluates positions taken in tax returns
Surat Pemberitahuan Tahunan (SPT) sehubungan with respect to situations in which applicable tax
dengan situasi di mana aturan pajak yang berlaku regulation is subject to interpretation. It establishes
membutuhkan interpretasi. Jika perlu, manajeman provision where appropriate on the basis of amounts
menentukan provisi berdasarkan jumlah yang expected to be paid to the tax authorities.
diharapkan akan dibayar kepada otoritas pajak.
Pajak penghasilan tangguhan diakui sepenuhnya, Deferred income tax is provided in full, using the
dengan menggunakan metode liabilitas untuk semua liability method, on temporary differences which
perbedaan temporer yang berasal dari selisih antara arise from the difference between the tax bases
dasar pengenaan pajak aset dan liabilitas dengan nilai of assets and liabilities and their carrying
tercatatnya pada laporan keuangan konsolidasian. amounts in the consolidated financial statements.
Pajak penghasilan tangguhan diukur dengan Deferred income tax is determined using tax rates
menggunakan tarif pajak (dan hukum) yang sudah (and laws) that have been enacted or
diberlakukan atau secara substantif berlaku pada akhir substantially enacted by the end of the reporting
periode pelaporan dan diekspektasikan digunakan period and are expected to apply when the
ketika aset pajak tangguhan yang berhubungan related deferred income tax asset is realised or
direalisasi atau liabilitas pajak tangguhan diselesaikan. the deferred income tax liability is settled.
Aset pajak tangguhan diakui hanya jika kemungkinan Deferred tax assets are recognised only if it is
jumlah penghasilan kena pajak dimasa depan akan probable that future taxable amounts will be
memadai untuk dikompensasi dengan perbedaan available to utilise those temporary differences and
temporer yang masih dapat dimanfaatkan. losses.
Aset dan liabilitas pajak penghasilan tangguhan Deferred tax assets and liabilities are offset when
dapat saling hapus apabila terdapat hak yang there is a legally enforceable right to offset current
berkekuatan hukum untuk melakukan saling tax assets and liabilities and when the deferred tax
hapus antara aset pajak kini dengan liabilitas balances relate to the same taxation authority.
pajak kini dan apabila aset dan liabilitas pajak Current tax assets and tax liabilities are offset
penghasilan tangguhan dikenakan oleh otoritas where the entity has a legally enforceable right to
perpajakan yang sama. Aset pajak kini dan offset and intends either to settle on a net basis, or
liabilitas pajak kini akan saling hapus ketika to realise the asset and settle the liability
entitas memiliki hak yang berkekuatan hukum simultaneously.
untuk melakukan saling hapus dan adanya niat
untuk melakukan penyelesaian saldo-saldo
tersebut secara neto atau untuk merealisasikan
dan menyelesaikan liabilitas secara bersamaan.
Halaman – 5/58 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 682
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ae. Perpajakan (lanjutan) ae. Taxation (continued)
Koreksi atas liabilitas pajak diakui pada saat surat Amendments to taxation obligations are recorded
ketetapan pajak diterima, atau apabila diajukan when an assessment is received or, if an objection
keberatan dan/atau banding, maka koreksi diakui pada and/or appealed against, when the result of the
saat keputusan atas keberatan dan/atau banding objection and/or appeal is determined. Management
tersebut diterima. Manajemen juga dapat membentuk may also provide the provision for future tax liability at
pencadangan terhadap liabilitas pajak di masa depan the estimated amount that will be payable to the tax
sebesar jumlah yang diestimasikan akan dibayarkan ke office if there is a probable tax exposure, based on
kantor pajak jika berdasarkan evaluasi pada tanggal management's assessment as of the date of
laporan posisi keuangan konsolidasian terdapat risiko consolidated statement of financial position.
pajak yang probable. Asumsi dan estimasi yang Assumptions and estimation used in the calculation of
digunakan dalam perhitungan pembentukan cadangan provision may involve element of uncertainty.
tersebut memiliki unsur ketidakpastian.
af. Imbalan kerja af. Employee benefits
Liabilitas pensiun Pension obligations
Bank CIMB Niaga dan Entitas Anak memiliki program- Bank CIMB Niaga and Subsidiaries have pension
program pensiun sesuai dengan peraturan dan schemes in accordance with prevailing labor-related
perundang-undangan yang berhubungan dengan laws and regulations of Bank CIMB Niaga and
ketenagakerjaan atau kebijakan yang ditetapkan oleh Subsidiaries policy. The schemes are generally funded
Bank CIMB Niaga dan Entitas Anak. Program-program through payments to trustee-administered funds as
ini pada umumnya didanai melalui pembayaran kepada determined by periodic actuarial calculations.
pengelola dana pensiun yang besarnya ditentukan
dalam perhitungan aktuarial yang dilakukan secara
berkala.
Bank CIMB Niaga dan Entitas Anak harus menyediakan Bank CIMB Niaga and Subsidiaries are required to
program pensiun dengan jumlah minimal tertentu provide a minimum amount of pension benefits in
sesuai dengan ketentuan UU terkait Ketenagakerjaan accordance with the applicable Law related to Labor.
yang berlaku. Karena UU terkait Ketenagakerjaan Since the Law related to Labor sets the formula for
menentukan rumus tertentu untuk menghitung jumlah determining the minimum amount of benefits. A defined
minimal imbalan pensiun. Program pensiun manfaat benefit plan is a pension plan that defines an amount
pasti adalah program pensiun yang menentukan jumlah of pension benefit to be provided, usually as a function
imbalan pensiun yang akan diberikan, biasanya of one or more factors such as age, years of service or
didasarkan pada satu faktor atau lebih seperti usia, total compensation.
masa kerja atau jumlah kompensasi.
Halaman – 5/59 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 683
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Liabilitas pension (lanjutan) Pension obligations (continued)
Liabilitas program pensiun imbalan pasti yang diakui di The liability recognised in the consolidated statement
laporan posisi keuangan konsolidasian adalah nilai kini of financial position in respect of defined benefit
liabilitas imbalan pasti pada tanggal laporan posisi pension plans is the present value of the defined
keuangan dikurangi nilai wajar aset program, yang benefit obligation at the statement of financial
disesuaikan dengan keuntungan/kerugian aktuarial. position’s date less the fair value of plan assets,
Liabilitas imbalan pasti dihitung setiap tahun oleh together with adjustments for unrecognised actuarial
aktuaris independen dengan menggunakan metode gains/losses. The defined benefit obligation is
Projected Unit Credit. Nilai kini liabilitas imbalan pasti calculated annually by independent actuaries using the
ditentukan dengan mendiskontokan estimasi arus kas Projected Unit Credit method. The present value of the
keluar di masa yang akan datang dengan defined benefit obligation is determined by discounting
menggunakan tingkat bunga Obligasi Pemerintah the estimated future cash outflows using interest rates
dalam mata uang yang sama dengan mata uang of Government Bonds that are denominated in the
pensiun yang akan dibayarkan dan waktu jatuh tempo currency in which the pension will be paid, and that
yang kurang lebih sama dengan waktu jatuh tempo have terms to maturity approximating the terms of the
pensiun yang bersangkutan. related pension liability.
Keuntungan dan kerugian aktuarial yang timbul dari Actuarial gain and losses arising from experience
penyesuaian dan perubahan dalam asumsi-asumsi adjustments and changes in actuarial assumption
aktuarial langsung diakui seluruhnya melalui charged or credited to equity in other comprehensive
pendapatan komprehensif lainnya pada saat terjadinya. income in the period in which they arise. Past-service
Biaya jasa lalu diakui segera dalam laba rugi. cost are recognised immediately in profit or loss.
Keuntungan dan kerugian dari kurtailmen atau Gains or losses on the curtailment or settlement of a
penyelesaian program manfaat pasti diakui di laba rugi defined benefit plan are recognised in profit or loss
ketika kurtailmen atau penyelesaian tersebut terjadi. when the curtailment or settlement occurs.
Kontribusi pegawai tidak berkaitan dengan jumlah Employee’s contribution does not relate to years of
tahun jasa sehingga Bank CIMB Niaga dan Entitas service and therefore Bank CIMB Niaga and
Anak mengakui kontribusi pegawai sebagai pengurang Subsidiaries recognise the employee’s contribution as
biaya jasa pada periode berjalan. deduction to the service cost in the current period.
Liabilitas imbalan kerja jangka panjang lainnya Other long term benefit liabilities
Bank CIMB Niaga memberikan imbalan kerja lainnya Bank CIMB Niaga provides other benefits such as long
seperti cuti jangka panjang, jubilee awards, uang pisah, service leave, jubilee awards, severance pay, service
uang jasa, dan imbalan lainnya sesuai dengan yang pay, and other benefits which is determined in
ditentukan dalam Undang-Undang terkait compliance with the Labor Law.
Ketenagakerjaan.
Perkiraan biaya imbalan ini dicadangkan sepanjang The expected costs of these benefits are accrued over
masa kerja karyawan. Liabilitas ini dinilai setiap tahun the period of employment. These obligations are
oleh aktuaris independen yang berkompeten. determined annually by independent qualified
actuaries.
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Page 684
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Liabilitas pensiun (lanjutan) Pension obligations (continued)
Pesangon pemutusan kontrak kerja Termination benefits
Pesangon pemutusan kontrak terhutang ketika Termination benefits are payable whenever an
karyawan diberhentikan sebelum usia pensiun normal. employee’s employment is terminated before the
normal retirement age.
Bank CIMB Niaga dan Entitas Anak mengakui Bank CIMB Niaga and Subsidiaries recognise
pesangon pemutusan kontrak kerja ketika Bank CIMB termination benefits when it is demonstrably committed
Niaga dan Entitas Anak menunjukkan komitmennya to terminate the employment of current employees
untuk memutuskan hubungan kerja dengan karyawan according to a detailed formal plan which has small
berdasarkan suatu rencana formal terperinci yang kecil probability to withdraw. Benefits, due more than 12
kemungkinannya untuk dibatalkan. Pesangon yang (twelve) months after statement of financial position’s
akan dibayarkan dalam waktu lebih dari 12 (dua belas) date are discounted to present value.
bulan setelah tanggal laporan posisi keuangan
didiskontokan untuk mencerminkan nilai kini.
Program saham manajemen dan program Management equity scheme and equity ownership
kepemilikan saham plan
Bank CIMB Niaga dan CIMB Group Holdings Berhad Bank CIMB Niaga and CIMB Group Holdings Berhad
memberikan opsi kepada manajemen dan karyawan provided options to eligible management and
yang berhak. employees.
Nilai wajar opsi yang diberikan diakui sebagai beban The fair value of the options is recognised as an
dan dengan peningkatan pada ekuitas. Jumlah nilai expense with a corresponding increase in equity. The
yang harus dibebankan ditentukan dengan mengacu total amount to be expensed is determined by
kepada nilai wajar opsi yang diberikan: reference to the fair value of the options granted:
- termasuk kinerja pasar (misalnya, harga saham - including any market performance conditions (for
entitas); example, an entity’s share price);
- tidak termasuk dampak dari jasa dan kondisi - excluding the impact of any service and
vesting yang tidak dipengaruhi kinerja pasar nonmarket performance vesting conditions (for
(misalnya, profitabilitas, target pertumbuhan example, profitability, sale growth targets and
penjualan dan tetap menjadi karyawan remaining an employee of the entity over a
perusahaan selama periode waktu tertentu); dan specified time period); and
- termasuk dampak dari kondisi non-vesting. - including the impact of any non-vesting
conditions.
Syarat jasa dan syarat yang tidak dipengaruhi kinerja Non-market performance and service conditions are
pasar dimasukkan di dalam asumsi mengenai jumlah included in assumptions about the number of options
opsi yang diharapkan akan vest. Jumlah beban diakui that are expected to vest. The total expense is
selama periode vesting, yaitu periode dimana seluruh recognised over the vesting period, which is the period
kondisi vesting tertentu telah terpenuhi. over which all of the specified vesting conditions are to
be satisfied.
Halaman – 5/61 – Page
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Page 685
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
af. Imbalan kerja (lanjutan) af. Employee benefits (continued)
Program saham manajemen dan program Management equity scheme and equity ownership
kepemilikan saham (lanjutan) plan (continued)
Setiap akhir periode pelaporan, Bank merevisi estimasi At the end of each reporting period, the Bank revises its
jumlah opsi yang diharapkan vest berdasarkan syarat estimates of the number of options that are expected to
jasa. Selisih antara estimasi revisian dengan jumlah vest based on the service vesting conditions. It
estimasi sebelumnya, jika ada, diakui dalam laporan recognises the impact of the revision to original
laba rugi, dengan penyesuaian pada sisi ekuitas. estimates, if any, in profit or loss, with a corresponding
adjustment to equity.
Ketika opsi dieksekusi, Bank menerbitkan sejumlah When the options are exercised, the Bank issues new
saham baru atau menerbitkan kembali saham shares or reissues its treasury shares (if any). The
treasurinya (jika ada). Nilai kas yang diterima dikurangi proceeds received, net of any directly attributable
dengan biaya transaksi yang dapat diatribusikan transaction costs, are credited to share capital
dikreditkan ke modal saham (nilai nominal) dan agio (nominal value) and share premium.
saham.
Tantiem Tantiem
Bank CIMB Niaga mencatat tantiem dengan Bank CIMB Niaga records tantiem using the accrual
menggunakan basis akrual dan membebankannya basis and charges it to the consolidated statement of
pada laporan laba rugi konsolidasian. profit or loss.
ag. Laba per saham ag. Earnings per share
Laba per saham dasar dihitung dengan membagi laba Basic earnings per share is computed by dividing net
bersih dengan rata-rata tertimbang jumlah saham biasa income with the weighted average number of
yang beredar pada periode yang bersangkutan. outstanding ordinary shares during the period.
Laba per saham dilusian dihitung dengan membagi laba Diluted earnings per share is calculated by dividing net
bersih dengan rata-rata tertimbang jumlah saham biasa income by the weighted average number of
yang beredar ditambah dengan rata-rata tertimbang outstanding ordinary shares plus the weighted average
jumlah saham biasa yang akan diterbitkan atas konversi number of outstanding ordinary shares which would be
efek yang berpotensi saham yang bersifat dilutif. issued on the conversion of the dilutive potential
shares.
ah. Transaksi dengan pihak berelasi ah. Transactions with related parties
Bank CIMB Niaga dan Entitas Anak melakukan Bank CIMB Niaga and Subsidiaries have transactions
transaksi dengan pihak berelasi. Sesuai dengan PSAK with related parties. In accordance with SFAS 7
7 (revisi 2015) tentang “Pengungkapan Pihak-pihak (revised 2015) regarding “Related Party Disclosure”,
yang Berelasi”, yang dimaksud dengan pihak yang the meaning of a related party is a person or entity that
berelasi adalah orang atau entitas yang berelasi is related to a reporting entity as follow:
dengan entitas pelapor sebagai berikut:
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ah. Transaksi dengan pihak berelasi (lanjutan) ah. Transactions with related parties (continued)
a. Orang atau anggota keluarga terdekatnya berelasi a. A person or a close member of that person’s
dengan entitas pelapor jika orang tersebut: family is related to a reporting entity if that person:
i. memiliki pengendalian atau pengendalian i. has control or joint control over the reporting
bersama terhadap entitas pelapor; entity;
ii. memiliki pengaruh signifikan terhadap entitas ii. has significant influence over the reporting
pelapor; atau entity; or
iii. personal manajemen kunci entitas pelapor iii. is member of the key management personnel
atau entitas induk pelapor. of the reporting entity or a parent of the
reporting entity.
b. Suatu entitas berelasi dengan entitas pelapor jika b. An entity is related to a reporting entity if any of
memenuhi hal-hal sebagai berikut: the following conditions applies:
i. entitas dan entitas pelapor adalah anggota i. the entity and the reporting entity are member
dari kelompok usaha yang sama (artinya of the same the company (which means that
entitas induk, entitas anak, dan entitas anak each parent, subsidiaries, and fellow
berikutnya terkait dengan entitas lain); subsidiaries is related to the others);
ii. suatu entitas adalah entitas asosiasi atau ii. one entity is an associate or joint venture of the
ventura bersama bagi entitas lain (atau other entity (or an associate or joint venture of
entitas asosiasi atau ventura bersama yang member of a company of which the other entity
merupakan anggota suatu kelompok usaha, is a member);
di mana entitas lain tersebut adalah
anggotanya);
iii. kedua entitas tersebut adalah ventura iii. both entities are joint ventures of the same
bersama dari pihak ketiga yang sama; third party;
iv. suatu entitas adalah ventura bersama dari iv. one entity is a joint venture of a third entity and
entitas ketiga dan entitas yang lain adalah the other entity is an associate of the third
entitas asosiasi dari entitas ketiga; entity;
v. entitas tersebut adalah suatu program v. the entity is a post-employment benefit plan for
imbalan pasca kerja untuk imbalan kerja dari the benefit of employees of either the reporting
suatu entitas pelapor atau entitas yang terkait entity or an entity related to the reporting
dengan entitas pelapor; entity;
vi. entitas yang dikendalikan atau dikendalikan vi. the entity controlled or jointly controlled by a
bersama oleh orang yang diidentifikasi dalam person identified in (a);
butir (a);
vii. orang yang diidentifikasi, dalam butir (a) (i) vii. a person identified in (a) (i) has significant
memiliki pengaruh signifikan terhadap entitas influence over the entity or is a member of the
atau anggota manajemen kunci entitas (atau key management personel of the entity (or of
entitas induk dari entitas); atau a parent of the entity); or
viii. entitas, atau bagian dari grup dimana entitas viii. the entity, or any member of a group of which
merupakan anggotanya, menyediakan it is a part, provides key management
personal manajemen kunci kepada entitas personnel services to the reporting entity or to
pelapor atau kepada pemegang saham dari the parent of the reporting entity.
entitas pelaporan.
Jenis transaksi dan saldo dengan pihak-pihak berelasi The nature of transactions and balances of accounts
diungkapkan dalam catatan atas laporan keuangan with related parties are disclosed in the notes to the
konsolidasian. consolidated financial statements.
Halaman – 5/63 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2. INFORMASI KEBIJAKAN AKUNTANSI MATERIAL 2. MATERIAL ACCOUNTING POLICY INFORMATION
(lanjutan) (continued)
ai. Saham treasuri ai. Treasury shares
Ketika Bank membeli modal saham ekuitas Bank When any Bank purchases the Bank’s equity share
(saham treasuri), imbalan yang dibayar, termasuk biaya capital (treasury shares), the consideration paid,
tambahan yang secara langsung dapat diatribusikan including any directly attributable incremental cost (net
(dikurangi pajak penghasilan) dikurangkan dari ekuitas of income taxes) is deducted from equity attributable to
yang diatribusikan kepada pemilik ekuitas Bank sampai the Bank’s equity holders until the shares are cancelled
saham tersebut dibatalkan atau diterbitkan kembali. or reissued.
Ketika saham tersebut selanjutnya diterbitkan kembali, Where such ordinary shares are subsequently
imbalan yang diterima, dikurangi biaya tambahan reissued, any consideration received, net of any
transaksi yang terkait dan dampak pajak penghasilan directly attributable incremental transaction costs and
yang terkait dimasukkan pada ekuitas yang dapat the related income tax effects, is included in equity
diatribusikan kepada pemilik ekuitas Bank. attributable to the Bank’s equity holders
aj. Pelaporan segmen aj. Segment reporting
Sebuah segmen operasi adalah suatu komponen dari An operating segment is a component of entity which:
entitas:
a. yang terlibat dalam aktivitas bisnis yang a. involves with business activities to generate
memperoleh pendapatan dan menimbulkan beban income and expenses (include income and
(termasuk pendapatan dan beban yang terkait expenses relating to the transactions with other
dengan transaksi dengan komponen lain dari components with the same entity);
entitas yang sama);
b. hasil operasinya dikaji ulang secara reguler oleh b. operations result is observed regularly by
manajemen untuk membuat keputusan tentang management to make decisions regarding the
sumber daya yang dialokasikan pada segmen allocation of resources and to evaluate the works;
tersebut dan menilai kinerjanya; dan and
c. tersedia informasi keuangan yang dapat c. separated financial information is available.
dipisahkan.
Bank CIMB Niaga menyajikan segmen operasi Bank CIMB Niaga presents operating segments based
berdasarkan informasi yang disiapkan secara internal on the information that internally is provided to the chief
untuk pengambil keputusan operasional. Berdasarkan operating decision maker. Under SFAS 5 (Revised
PSAK 5 (Revisi 2015), sebuah segmen usaha adalah 2015), a business segment is a group of assets and
sekelompok aset dan operasi yang menyediakan operations engaged in providing products or services
barang atau jasa yang memiliki risiko serta tingkat that are subject to risks and returns that are different
pengembalian yang berbeda dengan segmen usaha from those of other business segments.
lainnya.
Sebuah segmen geografis menyediakan jasa di dalam A geographical segment is engaged in providing
lingkungan ekonomi tertentu yang memiliki risiko serta services within a particular economic environment that
tingkat pengembalian yang berbeda dengan segmen are subject to risks and return that are different from
operasi lainnya yang berada dalam lingkungan ekonomi those of segments operating in other economic
lain. Bank CIMB Niaga melaporkan informasi segmen environments. Bank CIMB Niaga reports the
sekunder berdasarkan daerah Jakarta, Jawa Barat, secondary segment information based on Jakarta,
Jawa Tengah, Jawa Timur, Indonesia Timur, dan West Java, Central Java, East Java, East Indonesia,
Sumatera. and Sumatera.
Halaman – 5/64 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING JUDGEMENTS
Beberapa estimasi dan asumsi dibuat dalam rangka Certain estimates and assumption are made in the
penyusunan laporan keuangan konsolidasian dimana presentation of the consolidated financial statements. These
dibutuhkan pertimbangan manajemen dalam menentukan often require management judgement in determining the
metodologi yang tepat untuk penilaian aset dan liabilitas. appropriate methodology for valuation of assets and
liabilities.
Manajemen membuat estimasi dan asumsi yang Management makes estimates and assumptions that affect
berimplikasi pada pelaporan nilai aset dan liabilitas atas the reported amounts of assets and liabilities within the next
tahun keuangan satu tahun kedepan. Semua estimasi dan financial year. All estimates and assumptions required in
asumsi yang diharuskan oleh PSAK adalah estimasi terbaik conformity with SFAS are best estimates undertaken in
yang didasarkan pada standar yang berlaku. Estimasi dan accordance with the applicable standard. Estimates and
pertimbangan dievaluasi secara terus menerus dan judgements are evaluated on a continuous basis, and are
berdasarkan pengalaman masa lalu dan faktor-faktor lain
based on past experience and other factors, including
termasuk harapan atas kejadian yang akan datang.
expectations with regard to future events.
Walaupun estimasi dan asumsi ini dibuat berdasarkan Although these estimates and assumptions are based on
pengetahuan terbaik manajemen atas kejadian dan tindakan management’s best knowledge of current events and
saat ini, hasil yang timbul mungkin berbeda dengan estimasi activities, actual result may differ from those estimates and
dan asumsi semula. assumptions.
a. Cadangan kerugian penurunan nilai aset keuangan a. Allowance for impairment losses of financial
assets
Aset keuangan yang dicatat berdasarkan biaya Financial assets accounted for at amortised cost are
perolehan diamortisasi dievaluasi penurunan nilainya evaluated for impairment on a basis described in Note
sesuai dengan Catatan 2h. 2h.
Kondisi spesifik penurunan nilai counterparty dalam The specific counterparty conditions in determining
pembentukan cadangan kerugian penurunan nilai atas impairment amount of the financial assets is evaluated
aset keuangan dievaluasi secara individu berdasarkan individually and is based upon management's best
estimasi terbaik manajemen atas nilai kini arus kas yang estimate of the present value of the cash flows that are
diharapkan akan diterima. Dalam mengestimasi arus expected to be received. In estimating these cash
kas tersebut, manajemen membuat pertimbangan flows, management makes judgements about the
tentang situasi keuangan counterparty dan nilai realisasi counterparty's financial situation and the net realisable
bersih dari setiap agunan. Setiap aset yang mengalami value of any underlying collateral. Each impairment
kerugian penurunan nilai dinilai sesuai dengan manfaat asset is assessed on its merits and the workout
yang ada dan strategi penyelesaian serta estimasi arus strategy and estimated cash flows considered
kas yang diperkirakan dapat diterima, disetujui secara recoverable, are independently approved by the Risk
independen oleh Manajemen Risiko. Management.
Guna membuat estimasi cadangan yang diperlukan, In order to estimate the required allowance,
asumsi dibuat untuk menentukan kerugian yang assumptions are made to define the way inherent
melekat dan untuk menentukan parameter input yang losses are modelled and to determine the required
diperlukan berdasarkan pengalaman masa lalu dan input parameters, based on historical experience and
kondisi ekonomi saat ini. Estimasi cadangan juga current economic conditions. The estimation of the
mempertimbangkan tingkat ketiakpastian yang tinggi required allowance is also subject to a high degree of
termasuk dampak dari pandemi COVID-19 selama estimation uncertainty including the impact of COVID-
tahun berjalan. 19 during the year.
Halaman – 5/65 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING (lanjutan) JUDGEMENTS (continued)
a. Cadangan kerugian penurunan nilai aset keuangan a. Allowance for impairment losses of financial
(lanjutan) assets (continued)
Keakuratan penyisihan tergantung pada seberapa baik The accuracy of the allowances depends on how well
estimasi arus kas masa depan untuk cadangan the estimation of future cash flows for specific
counterparty tertentu dan asumsi model dan parameter counterparty allowances and the model assumptions
yang digunakan dalam menentukan cadangan kolektif. and parameters used in determining collective
allowances.
b. Menentukan nilai wajar instrumen keuangan b. Determining fair values of financial instruments
Dalam menentukan nilai wajar aset keuangan dan In determining the fair value for financial assets and
liabilitas yang tidak mempunyai harga pasar, financial liabilities for which there is no observable
Bank CIMB Niaga menggunakan teknik penilaian market price, Bank CIMB Niaga uses the valuation
seperti yang dijelaskan dalam Catatan 2f untuk techniques as described in Note 2f for financial
instrumen keuangan yang jarang diperdagangkan dan instruments that are traded infrequently and have a
memiliki informasi harga yang terbatas, nilai wajar yang lack of price transparency, less objectivity in fair value
kurang objektif dan membutuhkan berbagai tingkat and requires varying degrees of judgement depending
penilaian tergantung pada likuiditas, konsentrasi, faktor on liquidity, concentration, uncertainty of market
ketidakpastian pasar, asumsi harga, dan risiko lainnya. factors, pricing assumptions, and other risks.
c. Imbalan pensiun c. Pension benefits
Manfaat pensiun tergantung pada beberapa faktor yang The present value of the pension obligations depends
ditentukan dengan dasar aktuarial berdasarkan on a number of factors that are determined on an
beberapa asumsi. Asumsi yang digunakan untuk actuarial basis using a number of assumptions. The
menentukan biaya (penghasilan) pensiun neto assumptions used in determining the net cost (income)
mencakup tingkat diskonto, asumsi yang digunakan for pensions include the discount rate, the assumptions
dalam menentukan biaya/(pendapatan) untuk imbalan used in determining the net cost/(income) for
kerja karyawan antara lain tingkat diskonto, tingkat employee’s benefit included the discount rate, salary
kenaikan gaji di masa datang, tingkat pengembalian increment rate, expected return on investmens,
investasi, tingkat pengunduran diri, tingkat mortalita dan resignation rate, mortality rate and others. Any
lain-lain. Perubahan asumsi ini akan mempengaruhi changes in these assumptions will impact the carrying
jumlah tercatat liabilitas pensiun. amount of pension obligations.
Bank CIMB Niaga dan Entitas Anak menentukan tingkat Bank CIMB Niaga and Subsidiaries determine the
diskonto yang sesuai pada akhir periode pelaporan, appropriate discount rate at the end of each reporting
yakni tingkat suku bunga yang harus digunakan untuk period. This is the interest rate that should be used to
menentukan nilai kini arus kas keluar masa depan determine the present value of estimated future cash
estimasian yang diharapkan untuk menyelesaikan outflows expected to be required to settle the pension
liabilitas pensiun. Dalam menentukan tingkat suku obligations. In determining the appropriate discount
bunga yang sesuai, Bank CIMB Niaga dan Entitas Anak rate, Bank CIMB Niaga and Subsidiaries considers the
mempertimbangkan tingkat suku bunga Obligasi interest rates of Government Bonds that are
denominated in the currency in which the benefits will
Pemerintah yang didenominasikan dalam mata uang
be paid and that have terms to maturity approximating
imbalan akan dibayar dan memiliki jangka waktu yang
the terms of the related pension obligation.
serupa dengan jangka waktu liabilitas pensiun yang
terkait.
Tingkat kenaikan gaji per tahun didasarkan pada Annual salary increment rate is determined based on
informasi historis atas tingkat kenaikan gaji historical information of previous salary increment rate,
sebelumnya, tingkat inflasi dan masa kerja. inflation rate and length of service.
Halaman – 5/66 – Page
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF SIGNIFICANT ACCOUNTING ESTIMATES AND
AKUNTANSI YANG PENTING (lanjutan) JUDGEMENTS (continued)
c. Imbalan pensiun (lanjutan) c. Pension benefits (continued)
Asumsi tingkat mortalitas telah didasarkan pada tabel Mortality rate assumption is based on the latest
mortalita terbaru yang dihitung dengan menggunakan mortality table which is calculated using actuarial
metode aktuaria yang diterima secara umum. method that is generally accepted.
Tingkat pengembalian investasi didasarkan pada Expected rate of return on investment is based on
informasi historis dan proyeksi pasar ke depan. historical information and future market projections.
Asumsi tingkat pengunduran diri didasarkan pada Resignation rate assumption is based on historical
informasi historis. information.
d. Pajak penghasilan d. Income taxes
Pertimbangan yang signifikan diperlukan dalam Significant judgment is required in determining the tax
menentukan penyisihan pajak. allowance.
Bank CIMB Niaga dan Entitas Anak memelihara provisi Bank CIMB Niaga and Subsidiaries maintain a
untuk posisi pajak terhadap sengketa pajak yang masih provision for tax positions for ongoing tax disputes
berjalan yang dibuat dengan menggunakan estimasi which are made using the best estimate based on
terbaik berdasarkan penilaian atas semua faktor yang assessment of all factors relating to the tax positions of
berkaitan dengan posisi pajak Bank CIMB Niaga dan Bank CIMB Niaga and Subsidiaries. Bank CIMB Niaga
Entitas Anak. Bank CIMB Niaga dan Entitas Anak and Subsidiaries review the adequacy of these
mengkaji kecukupan ketentuan tersebut pada setiap provisions at the end of each reporting period and
akhir periode pelaporan dan menyesuaikannya adjust them based on changing facts and
berdasarkan fakta dan keadaan yang berubah dan circumstances and the impact will be recorded in profit
dampaknya akan dicatat dalam laba rugi. or loss.
Manajemen berkeyakinan bahwa penyelesaian akhir Management believes that the ultimate resolution of
dari hal-hal tersebut, baik secara individu maupun any such matters, individually or in the aggregate, will
secara keseluruhan, tidak akan berdampak negatif not have a material adverse impact on the Bank and
secara material terhadap kondisi keuangan Bank dan Subsidiaries’ financial condition taken as a whole.
Entitas Anak secara keseluruhan.
e. Cadangan kompensasi berbasis saham e. Share-based compensation reserve
Nilai wajar opsi yang diberikan: The fair value of the options granted:
- termasuk kondisi kinerja pasar (misalnya, harga - including any market performance conditions
saham entitas); (for example, an entity’s share price);
- tidak termasuk dampak dari jasa dan kondisi - excluding the impact of any service and nonmarket
vesting yang tidak dipengaruhi kinerja pasar performance vesting conditions (for example,
(misalnya, profitabilitas, target pertumbuhan profitability, sale growth targets and remain as
penjualan dan tetap menjadi karyawan employee of the entity over a specified time period);
perusahaan selama periode waktu tertentu); dan and
- termasuk dampak dari kondisi non-vesting. - including the impact of any non-vesting conditions.
Syarat jasa dan syarat yang tidak dipengaruhi kinerja Non-market performance and service conditions are
pasar dimasukkan di dalam asumsi mengenai jumlah included in assumptions about the number of options
opsi yang diharapkan akan vest. that are expected to vest.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
4. KAS 4. CASH
2023 2022 2021
Rupiah 2,948,438 4,474,340 4,172,707 Rupiah
Mata uang asing Foreign currencies
Dolar Amerika Serikat 358,888 430,421 181,600 United States Dollar
Euro 264,020 94,739 28,354 Euro
Dolar Singapura 183,098 230,189 68,538 Singapore Dollar
Dolar Australia 102,526 135,104 25,150 Australian Dollar
Riyal Saudi Arabia 23,833 14,905 14,356 Saudi Arabian Riyal
Yen Jepang 15,030 16,228 11,583 Japanese Yen
Dolar Hongkong 5,709 19,852 22,489 Hongkong Dollar
Lain-lain 26,904 23,620 23,433 Others
3,928,446 5,439,398 4,548,210
Kas dalam mata uang asing lain-lain terdiri dari Cash in other foreign currencies are denominated in Swiss
Franc Swiss, Pound Sterling Inggris, Dolar Selandia Baru, Franc, Great Britain Pound Sterling, New Zealand Dollar,
Ringgit Malaysia, Yuan Cina, Baht Thailand dan Dolar Malaysian Ringgit, Chinese Yuan, Thailand Baht and
Kanada. Canadian Dollar.
Pada tanggal 31 Desember 2023, saldo dalam mata uang As at 31 December 2023, the Rupiah balance includes cash
Rupiah termasuk uang pada Anjungan Tunai Mandiri in Automatic Teller Machines (“ATMs”) amounting to
(“ATM”) berjumlah Rp 736.618 (2022: Rp 991.865; 2021: Rp 736,618 (2022: Rp 991,865; 2021: Rp 604,755).
Rp 604.755).
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
2023 2022 2021
Rupiah 11,707,048 7,385,741 7,512,151 Rupiah
Dolar Amerika Serikat 1,473,206 1,599,516 1,778,893 United States Dollar
13,180,254 8,985,257 9,291,044
Pada tanggal 31 Desember 2023, di dalam giro pada Bank As at 31 December 2023, current accounts with Bank
Indonesia terdapat giro yang didasarkan pada prinsip Indonesia include current account based on sharia banking
perbankan syariah sebesar Rp 1.679.598 (2022: principle amounting to Rp 1,679,598 (2022: Rp 2,279,887;
Rp 2.279.887; 2021: Rp 3.132.504). 2021: Rp 3,132,504).
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, Giro As at 31 December 2023, 2022, and 2021, the Minimum
Wajib Minimum (“GWM”) dalam mata uang Rupiah dan Statutory Reserves (“GWM”) in Rupiah and Foreign
Valuta Asing adalah: Currencies are:
2023 2022 2021
Konvensional Conventional
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 5.70% 3.03% 2.96% Daily -
- Rata-rata 8.97% 9.60% 5.53% Average -
Penyangga Likuiditas Makroprudensial 31.52% 26.24% 26.44% Macroprudential Liquidity Buffer
Rasio Intermediasi Makroprudensial 78.20% 77.13% 70.69% Macroprudential Intermediation Ratio
Valuta Asing Foreign Currencies
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 4.04% 4.14% 4.07% Daily -
- Rata-rata 4.09% 4.04% 4.03% Average -
Unit Usaha Syariah Sharia Business Unit
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 4.37% 6.47% 5.79% Daily -
- Rata-rata 4.90% 6.38% 4.53% Average -
Rasio Intermediasi Makroprudensial 122.12% 117.42% 86.40% Macroprudential Intermediation Ratio
Valuta Asing Foreign Currencies
Giro Wajib Minimum 1.07% 1.31% 1.24% Minimum Statutory Reserve
GWM adalah jumlah dana minimum yang wajib dipelihara Minimum Statutory Reserve is a minimum reserve that
oleh Bank dalam bentuk saldo rekening giro pada should be maintained by Bank in the current accounts with
Bank Indonesia, sedangkan Penyangga Likuiditas Bank Indonesia, while Macroprudential Liquidity Buffer
Makroprudensial (“PLM”) adalah cadangan likuiditas (“PLM”) is a minimum reserve in Rupiah that should be
minimum dalam Rupiah yang wajib dipelihara oleh Bank maintained by Bank which comprises of Bank Indonesia
berupa Sertifikat Bank Indonesia (“SBI”), Sertifikat Certificates (“SBI”), Bank Indonesia Certificates Deposits
Deposito Bank Indonesia (“SDBI”), Surat Utang Negara (“SDBI”), Government Debenture Debt (“SUN”), and/or
(“SUN”), dan/atau Surat Berharga Negara (“SBN”), Government Commercial Notes (“SBN”), Sekuritas Rupiah
Sekuritas Rupiah Bank Indonesia (“SRBI”). Giro RIM (atau Bank Indonesia (“SRBI”). Macroprudential Intermediation
dahulu disebut dengan GWM Loan to Funding Ratio Ratio (“RIM”) (or previously known as Loan to Funding Ratio
(“LFR”) adalah tambahan simpanan minimum yang wajib Minimum Statutory Reserve - LFR) is the additional reserve
dipelihara oleh Bank dalam bentuk saldo rekening giro that should be maintained by the Bank in the form of current
pada Bank Indonesia. accounts with Bank Indonesia.
Pada tanggal 31 Desember 2023, 2022, dan 2021, GWM As at 31 December 2023, 2022, and 2021, Bank CIMB
Bank CIMB Niaga baik untuk yang Konvensional maupun Niaga's Minimum Statutory Reserves for both Conventional
Unit Usaha Syariah dan untuk Rupiah maupun Valuta and Sharia Business Units and for Rupiah and Foreign
Asing masing-masing telah memenuhi dan dihitung sesuai Exchange have complied and have been calculated in
dengan ketentuan dalam Peraturan Bank Indonesia dan accordance with the provisions of Bank Indonesia
Peraturan Anggota Dewan Gubernur Bank Indonesia. Regulations and the Regulations of Members of the Board of
Governors of Bank Indonesia.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Peraturan Bank Indonesia yang dimaksud adalah The Bank Indonesia Regulation referred to is Bank Indonesia
Peraturan Bank Indonesia No. 20/3/PBI/2018 tentang Giro Regulation No. 20/3/PBI/2018 concerning Minimum
Wajib Minimum Dalam Rupiah dan Valuta Asing Bagi Statutory Reserves in Rupiah and Foreign Exchange for
Bank Umum Konvensional, Bank Umum Syariah, dan Unit Conventional Commercial Banks, Islamic Commercial
Usaha Syariah yang efektif pada tanggal 16 Juli 2018 yang Banks, and Sharia Business Units effective on 16 July 2018
telah mengalami beberapa kali perubahan dengan where the regulation has undergone several amendments,
perubahan terakhir tertuang dalam Peraturan Bank the latest amendment is contained in the Bank Indonesia
Indonesia No. 24/04/PBI/2022 yang efektif pada tanggal Regulation No. 24/04/PBI/2022 effective on 1 March 2022.
1 Maret 2022.
Peraturan Anggota Dewan Gubernur Bank Indonesia yang The Regulation of Members of the Board of Governors
dimaksud adalah Peraturan Anggota Dewan Gubernur of Bank Indonesia referred to the Regulation of
Bank Indonesia No. 24/8/PADG/2022 tentang Giro Wajib Members of the Board of Governors of Bank Indonesia
Minimum Dalam Rupiah dan Valuta Asing Bagi Bank No.24/8/PADG/2022 concerning Minimum Statutory
Umum Konvensional, Bank Umum Syariah, dan Unit Reserves in Rupiah and Foreign Exchange for Conventional
Usaha Syariah yang efektif pada tanggal 1 Juli 2022 yang Commercial Banks, Sharia Commercial Banks, and Sharia
telah mengalami beberapa kali perubahan dengan Business Units effective on 1 July 2022 where the regulation
perubahan terakhir tertuang dalam Peraturan Anggota has undergone several amendments, the latest amendment
Dewan Gubernur Nomor 12 Tahun 2023 yang berlaku is contained in the Regulation of Members of the Board of
efektif pada tanggal 1 Oktober 2023. Berdasarkan Governors of Bank Indonesia Number 12 Year 2023 which
peraturan-peraturan tersebut, GWM yang harus dipenuhi effective on 1 October 2023. Based on these regulations,
adalah sebagai berikut: the Statutory Reserves that must be met are as follows:
2023 2022 2021
Konvensional Conventional
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 0.00% 0.00% 0.50% Daily -
- Rata-rata 9.00% 9.00% 3.00% Average -
Valuta Asing Foreign Currencies
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 2.00% 2.00% 2.00% Daily -
- Rata-rata 2.00% 2.00% 2.00% Average -
Unit Usaha Syariah Sharia Business Unit
Rupiah Rupiah
Giro Wajib Minimum Minimum Statutory Reserve
- Harian 0.00% 0.00% 0.50% Daily -
- Rata-rata 7.50% 7.50% 3.00% Average -
Valuta Asing Foreign Currencies
Giro Wajib Minimum 1.00% 1.00% 1.00% Minimum Statutory Reserve
Per 31 Desember 2023, Bank CIMB Niaga mendapatkan As at 31 December 2023, Bank CIMB Niaga received an
insentif dari Bank Indonesia sebesar 1,00% karena telah incentive from Bank Indonesia of 1.00% because it has
menyalurkan kredit kepada sektor prioritas sesuai dengan disbursed loan to priority sectors in accordance with PBI No.
PBI No. 24/5/PBI/2022 tentang Insentif Bagi Bank yang 24/5/PBI/2022 concerning Incentives for Banks Providing
Memberikan Penyediaan Dana untuk Kegiatan Ekonomi Funds for Certain and Inclusive Economic Activities. The
Tertentu dan Inklusif. Insentif tersebut berlaku untuk incentive is valid from 1 December 2023 to 29 February 2024
periode 1 Desember 2023 sampai 29 Februari 2024, period, so that the Average Minimum Statutory Reserves for
sehingga GWM Rata-Rata konvensional Bank CIMB Sharia Business Units of Bank CIMB Niaga which originally
Niaga yang semula harus memenuhi GWM Rata-Rata had to meet the Average Minimum Statutory Reserves of
sebesar 9,00% berubah menjadi 8,00%. 9.00% changed to 8.00%.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Per 31 Desember 2023, Unit Usaha Syariah Bank CIMB As at 31 December 2023, the Sharia Business Unit of Bank
Niaga mendapatkan insentif dari Bank Indonesia sebesar CIMB Niaga received an incentive from Bank Indonesia of
2,7% karena telah menyalurkan kredit kepada sektor 2.7% because it has disbursed loan to priority sectors in
prioritas sesuai dengan PBI No. 24/5/PBI/2022 tentang accordance with PBI No. 24/5/PBI/2022 concerning
Insentif Bagi Bank yang Memberikan Penyediaan Dana Incentives for Banks Providing Funds for Certain and
untuk Kegiatan Ekonomi Tertentu dan Inklusif. Insentif Inclusive Economic Activities. The incentive is valid from
tersebut berlaku untuk periode 1 Desember 2023 sampai 1 December 2023 to 29 February 2024 period, so that the
29 Februari 2024, sehingga GWM Rata-Rata Unit Usaha Average Minimum Statutory Reserves for Sharia Business
Syariah Bank CIMB Niaga yang semula harus memenuhi Units of Bank CIMB Niaga which originally had to meet the
GWM Rata-Rata sebesar 7,5% berubah menjadi 4,8%. Average Minimum Statutory Reserves of 7.5% changed to
4.8%.
Per 31 Desember 2022, Unit Usaha Syariah Bank CIMB As at 31 December 2022, the Sharia Business Unit of Bank
Niaga mendapatkan insentif dari Bank Indonesia sebesar CIMB Niaga received an incentive from Bank Indonesia of
1,3% karena telah menyalurkan kredit kepada sektor 1.3% because it has disbursed loan to priority sectors in
prioritas sesuai dengan PBI No. 24/5/PBI/2022 tentang accordance with PBI No. 24/5/PBI/2022 concerning
Insentif Bagi Bank yang Memberikan Penyediaan Dana Incentives for Banks Providing Funds for Certain and
untuk Kegiatan Ekonomi Tertentu dan Inklusif. Insentif Inclusive Economic Activities. The incentive is valid from
tersebut berlaku untuk periode 1 Desember 2022 sampai 1 Desember 2022 to 28 February 2023 period, so that the
28 Februari 2023, sehingga GWM Rata-Rata Unit Usaha Average Minimum Statutory Reserves for Sharia Business
Syariah Bank CIMB Niaga yang semula harus memenuhi Units of Bank CIMB Niaga which originally had to meet the
GWM Rata-Rata sebesar 7,5% berubah menjadi 6,2%. Average Minimum Statutory Reserves of 7.5% changed to
6.2%.
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, Bank CIMB
PLM dan RIM Bank CIMB Niaga telah dihitung sesuai Niaga's PLM and RIM have been calculated in
dengan ketentuan dalam Peraturan Bank Indonesia accordance with the provisions of Bank Indonesia Regulation
No. 20/4/PBI/2018 tentang Rasio Intermediasi No. 20/4/PBI/2018 concerning Macroprudential
Makroprudensial & Penyangga Likuiditas Makroprudensial Intermediation Ratios & Macroprudential Liquidity Buffers for
bagi Bank Umum Konvensional, Bank Umum Syariah, dan Conventional Commercial Banks, Sharia Commercial Banks,
Unit Usaha Syariah yang efektif tanggal 3 April 2018 and Sharia Business Units effective on 3 April 2018 where the
dimana peraturan tersebut telah mengalami beberapa kali regulation has undergone several changes, the latest
perubahan dengan perubahan terakhir tertuang dalam amendment is contained in Bank Indonesia Regulations No.
Peraturan Bank Indonesia No. 24/16/PBI/2022 yang efektif 24/16/PBI/2022 effective on 31 October 2022, and also
tanggal 31 Oktober 2022, dan juga Peraturan Anggota Regulation of Members of the Board of Governors of Bank
Dewan Gubernur Bank Indonesia No. 21/22/PADG/2019 Indonesia No. 21/22/PADG/2019 concerning
tentang Rasio Intermediasi Makroprudensial dan Macroprudential Intermediation Ratios and Macroprudential
Penyangga Likuiditas Makroprudensial Bagi Bank Umum Liquidity Buffers for Conventional Commercial Banks, Sharia
Konvensional, Bank Umum Syariah, dan Unit Usaha Commercial Banks, and Sharia Business Units effective on
Syariah yang efektif tanggal 28 November 2019 dimana 28 November 2019 where the regulation has undergone
peraturan tersebut telah mengalami beberapa kali several changes, the latest amendment is contained in the
perubahan dengan perubahan terakhir tertuang dalam Regulations of Member of the Board of Governors of Bank
Peraturan Anggota Dewan Gubernur Bank Indonesia Indonesia No. 10 Year 2023 which effective on 15 September
No. 10 Tahun 2023 yang efektif tanggal 15 September 2023.
2023.
Berdasarkan peraturan-peraturan tersebut, PLM yang Based on these regulations, the PLM that must be fulfilled is
harus dipenuhi adalah sebesar 6% untuk posisi 6% for the position as of 31 December 2023, 2022, and 2021.
31 Desember 2023, 2022, dan 2021. Untuk RIM, per For RIM, as of 31 December 2023, 2022, and 2021, the lower
31 Desember 2023, 2022, dan 2021, batas bawah adalah limit is 84% and the upper limit is 94% with Capital Adequacy
sebesar 84% dan batas atas adalah sebesar 94% dengan Ratio (“CAR”) Incentive of 14%.
Kewajiban Penyediaan Modal Minimum (“KPMM”) Insentif
sebesar 14%.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Untuk 31 Desember 2023, RIM Bank CIMB Niaga For 31 December 2023, Bank CIMB Niaga Conventional’s
Konvensional sebesar 78,20% dimana berada dibawah RIM was 78.20% which was below the lower limit and Bank
batas bawah dan RIM Unit Usaha Syariah Bank CIMB CIMB Niaga Syariah Business Unit’s RIM was 122.12%
Niaga sebesar 122,12% dimana berada diatas batas atas. which was above the upper limit. For this matter, in
Atas hal tersebut, sesuai dengan peraturan yang berlaku, accordance with applicable regulations, Bank CIMB Niaga is
Bank CIMB Niaga diwajibkan untuk menambah Giro RIM ke required to increase RIM Reserve with Bank Indonesia which
Bank Indonesia yang merupakan bagian dari GWM. is part of the Statutory Reserves. The addition of the RIM
Penambahan Giro RIM tersebut telah dipenuhi oleh Bank Reserve has been fulfilled by Bank CIMB Niaga.
CIMB Niaga.
Untuk 31 Desember 2022, RIM Bank CIMB Niaga For 31 December 2022, Bank CIMB Niaga Conventional’s
Konvensional sebesar 77,13% dimana berada dibawah RIM was 77.13% which was below the lower limit and Bank
batas bawah dan RIM Unit Usaha Syariah Bank CIMB CIMB Niaga Syariah Business Unit’s RIM was 117.42%
Niaga sebesar 117,42% dimana berada diatas batas atas. which was above the upper limit. For this matter, in
Atas hal tersebut, sesuai dengan peraturan yang berlaku, accordance with applicable regulations, Bank CIMB Niaga is
Bank CIMB Niaga diwajibkan untuk menambah Giro RIM ke required to increase RIM Reserve with Bank Indonesia which
Bank Indonesia yang merupakan bagian dari GWM. is part of the Statutory Reserves. The addition of the RIM
Penambahan Giro RIM tersebut telah dipenuhi oleh Bank Reserve has been fulfilled by Bank CIMB Niaga.
CIMB Niaga.
Untuk 31 Desember 2021, RIM Bank CIMB Niaga For 31 December 2021, Bank CIMB Niaga Conventional’s
Konvensional sebesar 70,69%, dimana berada dibawah RIM was 70.69%, which was below the lower limit. For this
batas bawah. Atas hal tersebut, sesuai dengan peraturan matter, in accordance with applicable regulations, Bank
yang berlaku, Bank CIMB Niaga diwajibkan untuk CIMB Niaga is required to increase RIM Reserve with Bank
menambah Giro RIM ke Bank Indonesia yang merupakan Indonesia which is part of the Statutory Reserves. The
bagian dari GWM. Penambahan Giro RIM tersebut telah addition of the RIM Reserve has been fulfilled by Bank CIMB
dipenuhi oleh Bank CIMB Niaga. Sedangkan untuk RIM Niaga. While for Bank CIMB Niaga Syariah Business Unit’s
Unit Usaha Syariah Bank CIMB Niaga telah memenuhi RIM of has compiled with the applicable regulations.
ketentuan yang berlaku.
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2023 2022 2021
Rupiah 352,004 177,957 23,544 Rupiah
Mata uang asing Foreign currencies
Yen Jepang 754,651 447,277 259,772 Japanese Yen
Dolar Amerika Serikat 544,488 780,104 176,660 United States Dollar
Dolar Singapura 289,486 335,050 523,452 Singapore Dollar
Yuan Cina 175,137 13,025 43,035 Chinese Yuan
Pound Sterling Inggris 170,260 242,749 139,658 Great Britain Pound Sterling
Euro 174,170 400,974 910,086 Euro
Dolar Australia 111,146 243,453 617,003 Australian Dollar
Dolar Hong Kong 55,572 22,615 - Hong Kong Dollar
Dolar Kanada 19,120 25,641 22,268 Canadian Dollar
Dolar Selandia Baru 18,368 33,639 43,251 New Zealand Dollar
Ringgit Malaysia 8,916 2,797 25,029 Malaysian Ringgit
Lain-lain 29,948 23,177 39,230 Others
2,703,266 2,748,458 2,822,988
Termasuk dalam lain-lain adalah mata uang asing Included in others are foreign currencies denominated in
dalam Swiss Franc, Riyal Arab Saudi, Baht Thailand, Swiss Franc, Saudi Arabian Riyal, Thailand Baht, and Korean
dan Won Korea. Won.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS (continued)
b. Berdasarkan transaksi dengan pihak berelasi dan b. By transactions with related party and third party
pihak ketiga
Giro pada bank lain dari pihak berelasi diungkapkan Current accounts with other banks from related parties
dalam Catatan 48. are disclosed in Notes 48.
c. Berdasarkan kolektibilitas dan tahapan c. By collectability and staging
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, all current
seluruh giro pada bank lain digolongkan sebagai lancar accounts with other banks were classified as pass and
dan tahap 1. stage 1.
d. Cadangan kerugian penurunan nilai d. Allowance for impairment losses
Manajemen berpendapat bahwa tidak terdapat Management believes that there was no impaired
penurunan nilai atas giro pada bank lain sehingga tidak current account with other banks therefore no
diperlukan cadangan kerugian penurunan nilai. allowance for impairment losses was needed.
e. Berdasarkan jatuh tempo e. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 55. Note 55.
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA INDONESIA
a. Berdasarkan jenis, mata uang, dan nama bank a. By type, currency, and bank’s name
2023 2022 2021
Rupiah Rupiah
Fasilitas Simpanan Bank Bank Indonesia Deposit Facility
Indonesia (FASBI) (FASBI)
Bank Indonesia 1,850,809 9,801,082 10,600,121 Bank Indonesia
Call Money Call Money
PT Bank KB Bukopin Tbk - - 609,786 PT Bank KB Bukopin Tbk
Jumlah Rupiah 1,850,809 9,801,082 11,209,907 Total Rupiah
Mata Uang Asing Foreign Currencies
Deposito Berjangka Time deposits
Dolar Amerika Serikat United States Dollar
Bank Indonesia 2,401,933 4,701,385 18,984,331 Bank Indonesia
Call Money Call Money
Dolar Amerika Serikat United States Dollar
Indover Bank 8,711 8,808 8,064 Indover Bank
Bank of New York, NY 280,249 212,343 86,724 Bank of New York, NY
Wells Fargo Bank NA, NY - 139,329 31,355 Wells Fargo Bank NA, NY
Citibank, NY - 15,655 - Citibank, NY
Yuan Cina Chinese Yuan
Bank of China - - 33,536 Bank of China
Jumlah Mata Uang Asing 2,690,893 5,077,520 19,144,010 Total Foreign Currencies
4,541,702 14,878,602 30,353,917
Dikurangi: Less:
Cadangan kerugian penurunan nilai (8,714) (8,808) (8,132) Allowance for impairment losses
4,532,988 14,869,794 30,345,785
Halaman – 5/73 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 697
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
a. Berdasarkan jenis, mata uang, dan nama bank a. By type, currency, and bank’s name (continued)
(lanjutan)
Pada tanggal 31 Desember 2023, penempatan yang As at 31 December 2023, placement based on sharia
didasarkan pada prinsip perbankan syariah sebesar banking principle amounting to Rp 1,850,809
Rp 1.850.809 (2022: Rp 6.001.583; 2021: (31 December 2022: Rp 6,001,583; 2021:
Rp 9.025.830). Rp 9,025,830).
Pada tanggal 31 Desember 2023, terdapat penempatan As at 31 December 2023, there was impaired
pada bank lain yang mengalami penurunan nilai yaitu placement with other bank which is placement in
penempatan pada Indover Bank sebesar Rp 8.711 Indover Bank amounting to Rp 8,711 (2022: Rp 8,808;
(2022: Rp 8.808; 2021: Rp 8.064). 2021: Rp 8,064).
b. Berdasarkan kolektibilitas dan tahapan b. By collectability and staging
Berdasarkan kolektibilitas By collectability
2023 2022 2021
Konvensional Conventional
Lancar 2,682,182 8,868,211 21,320,023 Pass
Macet 8,711 8,808 8,064 Loss
2,690,893 8,877,019 21,328,087
Syariah Sharia
Lancar 1,850,809 6,001,583 9,025,830 Pass
4,541,702 14,878,602 30,353,917
Dikurangi: Less:
Cadangan kerugian penurunan nilai (8,714) (8,808) (8,132) Allowance for impairment losses
4,532,988 14,869,794 30,345,785
Berdasarkan tahapan By staging
2023 2022 2021
Konvensional Conventional
Tahap 1 2,682,182 8,868,211 21,320,023 Stage 1
Tahap 3 8,711 8,808 8,064 Stage 3
2,690,893 8,877,019 21,328,087
Syariah 1,850,809 6,001,583 9,025,830 Sharia
4,541,702 14,878,602 30,353,917
Dikurangi: Less:
Cadangan kerugian penurunan nilai (8,714) (8,808) (8,132) Allowance for impairment losses
4,532,988 14,869,794 30,345,785
c. Berdasarkan transaksi dengan pihak berelasi dan c. By transactions with related party and third party
pihak ketiga
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there was
terdapat penempatan pada pihak berelasi. no placement with related party.
Halaman – 5/74 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 698
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
d. Berdasarkan sisa umur jatuh tempo d. By remaining period to maturity
2023 2022 2021
< 1 bulan 4,541,702 14,878,602 28,928,667 < 1 month
> 1 bulan - 3 bulan - - 1,425,250 > 1 month - 3 months
4,541,702 14,878,602 30,353,917
Dikurangi: Less:
Cadangan kerugian penurunan nilai (8,714) (8,808) (8,132) Less: Allowance for impairment losses
4,532,988 14,869,794 30,345,785
e. Penempatan pada bank lain yang digunakan e. Placement with other banks pledged as collateral
sebagai jaminan
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there was
terdapat penempatan yang dijaminkan. no placement pledged as collateral.
f. Suku bunga rata-rata per tahun f. Average annual interest rates
2023 2022 2021
Rupiah 5.25% 4.75% 2.83% Rupiah
Mata Uang Asing 5.32% 2.13% 0.04% Foreign Currencies
g. Mutasi penempatan pada Bank lain dan Bank g. Movement of placement with other Banks and
Indonesia Bank Indonesia
Mutasi penempatan pada Bank lain dan Bank The movement of placement with other Banks and
Indonesia berdasarkan tahapan adalah: Bank Indonesia based on staging are as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 8,868,211 - - 8,808 8,877,019 6,001,583 14,878,602 Beginning balance
Penambahan penempatan baru 887,868,689 - - - 887,868,689 60,606,933 948,475,622 New placement originated
Pelepasan penempatan (894,054,718) - - - (894,054,718) (64,757,707) (958,812,425) Derecognition of placement
Lain-lain *) - - - (97) (97) - (97) Others *)
Saldo akhir 2,682,182 - - 8,711 2,690,893 1,850,809 4,541,702 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 21,320,023 - - 8,064 21,328,087 9,025,830 30,353,917 Beginning balance
Penambahan penempatan baru 1,199,260,787 - - - 1,199,260,787 112,004,257 1,311,265,044 New placement originated
Pelepasan penempatan (1,211,712,599) - - - (1,211,712,599) (115,028,504) (1,326,741,103) Derecognition of placement
Lain-lain *) - - - 744 744 - 744 Others *)
Saldo akhir 8,868,211 - - 8,808 8,877,019 6,001,583 14,878,602 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/75 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 699
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENT WITH OTHER BANKS AND BANK
INDONESIA (lanjutan) INDONESIA (continued)
g. Mutasi penempatan pada Bank lain dan Bank g. Movement of placement with other Banks and
Indonesia (lanjutan) Bank Indonesia (continued)
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 8,333,467 - - 7,949 8,341,416 5,000,834 13,342,250 Beginning balance
Penambahan penempatan baru 1,332,659,522 - - - 1,332,659,522 144,825,969 1,477,485,491 New placement originated
Pelepasan penempatan (1,319,672,966) - - - (1,319,672,966) (140,800,973) (1,460,473,939) Derecognition of placement
Lain-lain *) - - - 115 115 - 115 Others *)
Saldo akhir 21,320,023 - - 8,064 21,328,087 9,025,830 30,353,917 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
Perubahan cadangan kerugian penurunan nilai Movements of allowance for impairment losses are
adalah: as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal - - - 8,808 8,808 - 8,808 Beginning balance
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pembentukan selama tahun berjalan - - - - - - - Additional during the year
Lain-lain *) 3 - - (97) (94) - (94) Others *)
Saldo akhir 3 - - 8,711 8,714 - 8,714 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 68 - - 8,064 8,132 - 8,132 Beginning balance
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pemulihan selama tahun berjalan (68) - - - (68) - (68) Reversal during the year
Lain-lain *) - - - 744 744 - 744 Others *)
Saldo akhir - - - 8,808 8,808 - 8,808 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 151 - - 7,949 8,100 - 8,100 Beginning balance
Perpindahan antar tahapan - - - - - - - Transfer within stages
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pemulihan selama tahun berjalan (83) - - - (83) - (83) Reversal during the year
Lain-lain *) - - - 115 115 - 115 Others *)
Saldo akhir 68 - - 8,064 8,132 - 8,132 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Manajemen berpendapat bahwa jumlah cadangan Management believes the allowance for impairment
kerugian penurunan nilai yang dibentuk telah memadai. losses is adequate.
Halaman – 5/76 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 700
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK 8. MARKETABLE SECURITIES
a. Berdasarkan tujuan, jenis, dan mata uang a. By purpose, type, and currency
2023 2022 2021
Biaya perolehan diamortisasi Amortised cost
Rupiah Rupiah
Obligasi 622,500 1,294,500 1,430,000 Bonds
Premi yang belum diamortisasi 208 836 1,980 Unamortised premium
Nilai bersih 622,708 1,295,336 1,431,980 Net
Tagihan Wesel Ekspor 131,063 49,059 87,238 Bill receivables
Wesel Jangka Menengah 15,000 15,000 15,000 Medium Term Notes
Dolar Amerika Serikat United States Dollar
Tagihan Wesel Ekspor 285,920 116,937 48,990 Bill receivables
Jumlah biaya perolehan diamortisasi 1,054,691 1,476,332 1,583,208 Total amortised cost
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Rupiah Rupiah
Obligasi 5,779,470 4,148,500 7,302,050 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direaliasi atas (penurunan)/kenaikan nilai (45,576) 2,115 133,851 (decrease)/increase in value
Premi yang belum diamortisasi 30,686 20,805 78,816 Unamortised premium
Nilai bersih 5,764,580 4,171,420 7,514,717 Net
Sekuritas Rupiah Bank Indonesia 200,000 - - Sekuritas Rupiah Bank Indonesia
Kerugian yang belum Unrealised losses on
direalisasi atas penurunan nilai (305) - - decrease in value
Diskonto yang belum diamortisasi (5,919) - - Unamortised discount
Nilai bersih 193,776 - - Net
Dolar Amerika Serikat United States Dollar
Obligasi 981,189 77,838 114,020 Bonds
Keuntungan/(kerugian) yang belum Unrealised gains/(losses) on
direalisasi atas kenaikan/(penurunan) nilai 7,735 (921) 2,238 increase/(decrease) in value
(Diskonto)/premi yang belum diamortisasi (30,913) 236 1,004 Unamortised (discount)/premium
Nilai bersih 958,011 77,153 117,262 Net
Sukuk Bank Indonesia 30,794 - - Sukuk Bank Indonesia
Sertifikat Bank Indonesia - - 667,217 Bank Indonesia Certificates
Kerugian yang belum Unrealised losses on
direalisasi atas penurunan nilai - - (945) decrease in value
Diskonto yang belum diamortisasi - - (432) Unamortised discount
Nilai bersih - - 665,840 Net
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 6,947,161 4,248,573 8,297,819 other comprehensive income
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Obligasi 1,283,446 93,880 300,940 Bonds
Keuntungan yang belum Unrealised gains on
direalisasi atas kenaikan nilai 4,257 1,843 4,836 increase in value
Nilai bersih 1,287,703 95,723 305,776 Net
Sekuritas Rupiah Bank Indonesia 57,240 - - Sekuritas Rupiah Bank Indonesia
Keuntungan yang belum Unrealised gains on
direalisasi atas kenaikan nilai 22 - - increase in value
Nilai bersih 57,262 - - Net
Dolar Amerika Serikat United States Dollar
Obligasi 58,601 9,808 5,074 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direalisasi atas (penurunan)/kenaikan nilai (2,325) (2,343) 107 (decrease)/increase in value
Nilai bersih 56,276 7,465 5,181 Net
Jumlah nilai wajar melalui laba rugi 1,401,241 103,188 310,957 Total fair value through profit or loss
Jumlah efek-efek 9,403,093 5,828,093 10,191,984 Total marketable securities
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
Halaman – 5/77 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 701
Sekuritas Rupiah Bank Indonesia 200,000 - - Sekuritas Rupiah Bank Indonesia
Kerugian yang belum Unrealised losses on
direalisasi atas penurunan nilai (305) - - decrease in value
Diskonto yang belum diamortisasi (5,919) - - Unamortised discount
Nilai bersih PT BANK
193,776CIMB NIAGA
- Tbk - Net
Dolar Amerika Serikat DAN ENTITAS ANAK/AND SUBSIDIARIES United States Dollar
Obligasi 981,189 77,838 114,020 Bonds
Keuntungan/(kerugian) yang belum Unrealised gains/(losses) on
CATATAN direalisasi
ATAS LAPORAN KEUANGAN
atas kenaikan/(penurunan) nilai KONSOLIDASIAN
7,735 NOTES
(921) TO THE
2,238CONSOLIDATED FINANCIAL STATEMENTS
increase/(decrease) in value
31 DESEMBER 2023, yang
(Diskonto)/premi 2022, DAN
belum 2021
diamortisasi (30,913) 236 1,004 31 DECEMBER 2023, (discount)/premium
Unamortised 2022, AND 2021
(Dinyatakan
Nilaidalam
bersih jutaan Rupiah, kecuali dinyatakan lain)958,011 77,153 (Expressed
117,262 in millions of Rupiah, unless otherwise stated) Net
Sukuk Bank Indonesia 30,794 - - Sukuk Bank Indonesia
Sertifikat Bank Indonesia - - 667,217 Bank Indonesia Certificates
8. EFEK-EFEK
Kerugian yang (lanjutan)
belum 8. MARKETABLE SECURITIES (continued) Unrealised losses on
direalisasi atas penurunan nilai - - (945) decrease in value
a. Berdasarkan
Diskonto yang belum tujuan, jenis, dan mata uang (lanjutan)
diamortisasi - a.
- By purpose,
(432) type, and currency (continued)
Unamortised discount
Nilai bersih - - 665,840 Net
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 2023
6,947,161 2022
4,248,573 2021
8,297,819 other comprehensive income
Biaya perolehan
Nilai wajar diamortisasi
melalui laba rugi Amortised
Fair value through profit or cost
loss
Rupiah
Rupiah Rupiah
Rupiah
Obligasi
Obligasi 622,500
1,283,446 1,294,500
93,880 1,430,000
300,940 Bonds
Bonds
Premi yang belum
Keuntungan diamortisasi
yang belum 208 836 1,980 Unamortised
Unrealisedpremium
gains on
Nilai bersih atas kenaikan nilai
direalisasi 622,708
4,257 1,295,336
1,843 1,431,980
4,836 Net
increase in value
Nilai bersih
Tagihan Wesel Ekspor 1,287,703
131,063 95,723
49,059 305,776
87,238 Net
Bill receivables
Wesel Jangka Menengah 15,000 15,000 15,000 Medium Term Notes
Sekuritas Rupiah Bank Indonesia 57,240 - - Sekuritas Rupiah Bank Indonesia
Dolar Amerika
Keuntungan yangSerikat
belum United Statesgains
Unrealised Dollar
on
Tagihan Wesel
direalisasi atasEkspor
kenaikan nilai 285,920
22 116,937
- 48,990
- Bill receivables
increase in value
Nilai
Jumlahbersih
biaya perolehan diamortisasi 57,262
1,054,691 -
1,476,332 -
1,583,208 Net
Total amortised cost
Dolar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan Fair value through
Obligasi 58,601 9,808 5,074 Bonds
komprehensif lain other comprehensive income
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
Rupiah Rupiah
direalisasi atas (penurunan)/kenaikan nilai (2,325) (2,343) 107 (decrease)/increase in value
Obligasi 5,779,470 4,148,500 7,302,050 Bonds
Nilai bersih 56,276 7,465 5,181 Net
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
Jumlah nilaiatas
direaliasi wajar melalui laba rugi nilai
(penurunan)/kenaikan 1,401,241
(45,576) 103,188
2,115 310,957
133,851 Total fair value through profit or
(decrease)/increase in valueloss
Jumlah efek-efek diamortisasi
Premi yang belum 30,686
9,403,093 20,805
5,828,093 78,816
10,191,984 TotalUnamortised premium
marketable securities
Nilai bersihCadangan kerugian penurunan nilai
Dikurangi: 5,764,580
(39,160) 4,171,420
(18,428) 7,514,717
(16,062) Less: Allowance for impairment losses Net
Sekuritas Rupiah Bank Indonesia 9,363,933
200,000 5,809,665
- 10,175,922
- Sekuritas Rupiah Bank Indonesia
Kerugian yang belum Unrealised losses on
b. Berdasarkan tujuan,nilaijenis, mata uang dan penerbit
direalisasi atas penurunan (305) b.
- By purpose,
- type, currency and issuerdecrease in value
Diskonto yang belum diamortisasi (5,919) - - Unamortised discount
Nilai bersih 193,776 - - Net
2023 2022 2021
Dolar Amerika Serikat United States Dollar
Biaya perolehan diamortisasi Amortised cost
Obligasi 981,189 77,838 114,020 Bonds
Rupiah
Keuntungan/(kerugian) yang belum Unrealised gains/(losses) Rupiah
on
direalisasi
PT Polytama atasPropindo
kenaikan/(penurunan) nilai 7,735
220,500 (921)
220,500 2,238 - increase/(decrease)
PT Polytama in value
Propindo
(Diskonto)/premi yang belum
PT Samudera Indonesia Tbkdiamortisasi (30,913)
99,939 236- 1,004 - Unamortised (discount)/premium
PT Samudera Indonesia Tbk
Nilai
PTbersih
Chandra Asri Petrochemical Tbk 958,011
90,000 77,153
90,000 117,262 - PT Chandra Asri Petrochemical NetTbk
PT Telekomunikasi
Sukuk Bank IndonesiaIndonesia (Persero) Tbk 58,000
30,794 58,000
- 103,000
- PT TelekomunikasiSukuk
Indonesia
Bank(Persero)
IndonesiaTbk
PT Sinar
Sertifikat MasIndonesia
Bank Resources and Technology Tbk 50,000
- 100,000
- 100,000
667,217 PT Sinar Mas Resources and Technology
Bank Indonesia CertificatesTbk
PT Tunas
Kerugian Baru
yang Lampung Tbk
belum 34,984 34,968 134,953 PT Tunas Baru Lampung
Unrealised losses onTbk
PT Perusahaan
direalisasi Listrik Negara
atas penurunan nilai (Persero) 25,042
- 28,251
- 40,656
(945) PT Perusahaan Listrik Negara
decrease (Persero)
in value
Lembaga
Diskonto yangPembiayaan Ekspor Indonesia
belum diamortisasi 20,172
- 41,413
- 41,654
(432) Lembaga Pembiayaan Ekspordiscount
Unamortised Indonesia
PTbersih
Nilai Sarana Multi Infrastruktur (Persero) 20,057
- 20,138
- 20,212
665,840 PT Sarana Multi Infrastruktur (Persero)
Net
PT Arpeni Pratama Ocean Line Tbk 15,000 15,000 15,000 PT Arpeni Pratama Ocean Line Tbk
Jumlah nilaiDinamika
PT Adira wajar melalui
Multi Finance Tbk 4,014 7,088 7,176 Total fairMulti
PT Adira Dinamika valueFinance
throughTbk
penghasilan
Perusahaankomprehensif
lainnya (Tagihan lainWesel Ekspor) 6,947,161
131,063 4,248,573
49,059 8,297,819
87,238 othercompanies
Other comprehensive income
(Bill receivables)
PT Ultrajaya Milk Industry Tbk - 200,000 400,000 PT Ultrajaya Milk Industry Tbk
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Bank Rakyat Indonesia (Persero) Tbk - 169,978 173,841 PT Bank Rakyat Indonesia (Persero) Tbk
Rupiah
PT Medco Energi Internasional Tbk - 150,000 150,000 PT Medco Energi Internasional RupiahTbk
Obligasi
PT Eatwell Culinary Indonesia 1,283,446- 93,880
100,000 300,940
100,000 Bonds
PT Eatwell Culinary Indonesia
Keuntungan
PT Tower yang belum
Bersama Infrastructure Tbk - 75,000 75,000 PT Tower Bersama Unrealised gains onTbk
Infrastructure
direalisasi atas kenaikan
PT Bank Tabungan nilai(Persero) Tbk
Negara 4,257- 1,843- 4,836
55,348 increase(Persero)
PT Bank Tabungan Negara in value Tbk
Nilai
PTbersih
Pupuk Indonesia (Persero) 1,287,703- 95,723- 305,776
30,140 PT Pupuk Indonesia (Persero)Net
768,771 1,359,395 1,534,218
Sekuritas Rupiah Bank Indonesia 57,240 - - Sekuritas Rupiah Bank Indonesia
Dolar Amerika
Keuntungan yangSerikat
belum United States
Unrealised gains onDollar
Perusahaan
direalisasi lainnya
atas kenaikan(Tagihan
nilai Wesel Ekspor) 285,920
22 116,937
- 48,990
- Other companiesincrease receivables)
(Bill in value
Nilai bersih 57,262 - - Net
Jumlah biaya perolehan diamortisasi 1,054,691 1,476,332 1,583,208 Total amortised cost
Dolar Amerika Serikat United States Dollar
Obligasi 58,601 9,808 5,074 Bonds
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direalisasi atas (penurunan)/kenaikan nilai (2,325) (2,343) 107 (decrease)/increase in value
Nilai bersih 56,276 7,465 5,181 Net
Jumlah nilai wajar melalui laba rugi 1,401,241 103,188 310,957 Total fair value through profit or loss
Jumlah efek-efek 9,403,093 5,828,093 10,191,984 Total marketable securities
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
Halaman – 5/78 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 702
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
b. Berdasarkan tujuan, jenis, mata uang dan penerbit b. By purpose, type, currency and issuer (continued)
(lanjutan)
2023 2022 2021
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
Rupiah Rupiah
Lembaga Pembiayaan Ekspor Indonesia 793,854 638,147 891,602 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multigriya Finansial (Persero) 608,883 515,349 873,220 PT Sarana Multigriya Finansial (Persero)
PT Tower Bersama Infrastructure Tbk 485,346 79,765 346,519 PT Tower Bersama Infrastructure Tbk
PT Adira Dinamika Multi Finance Tbk 434,257 395,658 426,932 PT Adira Dinamika Multi Finance Tbk
PT Sarana Multi Infrastruktur (Persero) 426,168 276,894 516,614 PT Sarana Multi Infrastruktur (Persero)
PT Pegadaian (Persero) 395,522 221,374 338,142 PT Pegadaian (Persero)
PT Bussan Auto Finance 341,444 250,967 202,556 PT Bussan Auto Finance
PT Astra Sedaya Finance 332,554 287,574 567,337 PT Astra Sedaya Finance
PT Federal International Finance 298,533 118,075 395,855 PT Federal International Finance
PT Indosat Tbk 252,523 53,287 529,766 PT Indosat Tbk
PT Bank Rakyat Indonesia (Persero) Tbk 232,155 - 29,732 PT Bank Rakyat Indonesia (Persero) Tbk
PT Mandiri Tunas Finance 226,538 58,950 38,748 PT Mandiri Tunas Finance
PT Wahana Ottomitra Multiartha Tbk 203,331 - 97,063 PT Wahana Ottomitra Multiartha Tbk
Bank Indonesia 193,776 - - Bank Indonesia
PT Maybank Indonesia Finance 161,452 115,907 2,054 PT Maybank Indonesia Finance
PT Perusahaan Listrik Negara (Persero) 101,878 182,718 470,060 PT Perusahaan Listrik Negara (Persero)
PT Permodalan Nasional Madani 100,713 105,197 - PT Permodalan Nasional Madani
PT Toyota Astra Financial Services 88,196 4,045 - PT Toyota Astra Financial Services
PT Profesional Telekomunikasi Indonesia 74,308 - - PT Profesional Telekomunikasi Indonesia
PT Bank Mandiri (Persero) Tbk 48,547 - 34,781 PT Bank Mandiri (Persero) Tbk
PT Bank BTPN Tbk 40,286 - 24,060 PT Bank BTPN Tbk
PT Bank Tabungan Negara (Persero) Tbk 30,274 181,684 456,478 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Maybank Indonesia Tbk 30,250 351,428 477,579 PT Bank Maybank Indonesia Tbk
PT Hino Finance Indonesia 29,781 - - PT Hino Finance Indonesia
PT Semen Indonesia (Persero) Tbk 20,716 - - PT Semen Indonesia (Persero) Tbk
PT Pupuk Indonesia (Persero) 7,071 - - PT Pupuk Indonesia (Persero)
PT Chandra Asri Petrochemical Tbk - 172,263 176,698 PT Chandra Asri Petrochemical Tbk
PT Ultrajaya Milk Industry Tbk - 101,963 103,204 PT Ultrajaya Milk Industry Tbk
PT Bank Pan Indonesia Tbk - 60,175 82,237 PT Bank Pan Indonesia Tbk
PT Indofood Sukses Makmur Tbk - - 298,783 PT Indofood Sukses Makmur Tbk
PT Telekomunikasi Indonesia (Persero) Tbk - - 81,451 PT Telekomunikasi Indonesia (Persero) Tbk
PT Hutama Karya (Persero) - - 46,108 PT Hutama Karya (Persero)
PT Bank Danamon Indonesia Tbk - - 7,138 PT Bank Danamon Indonesia Tbk
5,958,356 4,171,420 7,514,717
Dolar Amerika Serikat United States Dollar
PT Perusahaan Listrik Negara (Persero) 493,414 - - PT Perusahaan Listrik Negara (Persero)
PT Bank Rakyat Indonesia (Persero) Tbk 135,564 - - PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 133,246 - - PT Bank Mandiri (Persero) Tbk
PT Pertamina (Persero) 106,562 77,153 117,262 PT Pertamina (Persero)
PT Pertamina Geothermal Energy Tbk 46,397 - - PT Pertamina Geothermal Energy Tbk
Lembaga Pembiayaan Ekspor Indonesia 42,828 - - Lembaga Pembiayaan Ekspor Indonesia
Bank Indonesia 30,794 - 665,840 Bank Indonesia
988,805 77,153 783,102
Jumlah nilai wajar melalui Total fair value through
penghasilan komprehensif lain 6,947,161 4,248,573 8,297,819 other comprehensive income
Halaman – 5/79 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 703
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
b. Berdasarkan tujuan, jenis, mata uang, dan penerbit b. By purpose, type, currency, and issuer (continued)
(lanjutan)
2023 2022 2021
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
PT Tower Bersama Infrastructure Tbk 225,692 14,132 38,137 PT Tower Bersama Infrastructure Tbk
PT Pupuk Indonesia (Persero) 141,021 - - PT Pupuk Indonesia (Persero)
PT Adira Dinamika Multi Finance Tbk 127,233 - 33,101 PT Adira Dinamika Multi Finance Tbk
PT Pegadaian (Persero) 89,716 - - PT Pegadaian (Persero)
PT Bank Rakyat Indonesia (Persero) Tbk 74,945 - - PT Bank Rakyat Indonesia (Persero) Tbk
PT Sarana Multi Infrastruktur (Persero) 73,312 - - PT Sarana Multi Infrastruktur (Persero)
PT Merdeka Copper Gold Tbk 65,815 26 - PT Merdeka Copper Gold Tbk
PT Chandra Asri Petrochemical Tbk 63,059 - - PT Chandra Asri Petrochemical Tbk
PT Maybank Indonesia Finance 62,196 50 37,967 PT Maybank Indonesia Finance
Bank Indonesia 57,262 - - Bank Indonesia
Lembaga Pembiayaan Ekspor Indonesia 54,035 214 5,827 Lembaga Pembiayaan Ekspor Indonesia
PT Mandiri Tunas Finance 53,610 623 10,929 PT Mandiri Tunas Finance
PT Indosat Tbk 35,708 101 9,447 PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero) 32,943 4,616 52,050 PT Perusahaan Listrik Negara (Persero)
PT Toyota Astra Financial Services 29,045 - 4,208 PT Toyota Astra Financial Services
PT Astra Sedaya Finance 28,647 1,981 10,174 PT Astra Sedaya Finance
PT Mora Telematika Indonesia Tbk 26,762 - - PT Mora Telematika Indonesia Tbk
PT Bank BTPN Tbk 20,143 - - PT Bank BTPN Tbk
PT Indonesia Infrastructure Finance 20,022 - - PT Indonesia Infrastructure Finance
PT Hino Finance Indonesia 19,854 - - PT Hino Finance Indonesia
PT Wahana Ottomitra Multiartha Tbk 10,025 - 27,615 PT Wahana Ottomitra Multiartha Tbk
PT Bussan Auto Finance 9,990 15,423 - PT Bussan Auto Finance
PT Permodalan Nasional Madani 9,383 36,020 - PT Permodalan Nasional Madani
PT Profesional Telekomunikasi Indonesia 4,954 - - PT Profesional Telekomunikasi Indonesia
PT Federal International Finance 4,041 - 5,494 PT Federal International Finance
PT Bank Mandiri (Persero) Tbk 2,786 - 31 PT Bank Mandiri (Persero) Tbk
PT Semen Indonesia (Persero) Tbk 2,691 2,126 - PT Semen Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk 50 - - PT Medco Energi International Tbk
PT Indah Kiat Pulp and Paper Tbk 20 5,041 11,007 PT Indah Kiat Pulp and Paper Tbk
PT Kereta Api Indonesia (Persero) 5 - - PT Kereta Api Indonesia (Persero)
PT Sarana Multigriya Finansial (Persero) - 14,966 20,229 PT Sarana Multigriya Finansial (Persero)
PT Indomobil Finance Indonesia - 301 - PT Indomobil Finance Indonesia
PT Jakarta Lingkar Barat Satu - 103 - PT Jakarta Lingkar Barat Satu
PT Bank Tabungan Negara (Persero) Tbk - - 25,075 PT Bank Tabungan Negara (Persero) Tbk
PT Telekomunikasi Indonesia (Persero) Tbk - - 14,434 PT Telekomunikasi Indonesia (Persero) Tbk
PT Bank Maybank Indonesia Tbk - - 51 PT Bank Maybank Indonesia Tbk
1,344,965 95,723 305,776
Dolar Amerika Serikat United States Dollar
PT Bank Mandiri (Persero) Tbk 32,387 - - PT Bank Mandiri (Persero) Tbk
PT Perusahaan Listrik Negara (Persero) 17,837 4,284 1,333 PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) 6,052 3,181 3,848 PT Pertamina (Persero)
56,276 7,465 5,181
Jumlah nilai wajar melalui laba rugi 1,401,241 103,188 310,957 Total fair value through profit or loss
Jumlah efek-efek 9,403,093 5,828,093 10,191,984 Total marketable securities
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
Halaman – 5/80 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 704
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
c. Berdasarkan sisa umur jatuh tempo c. By remaining period to maturity
Saldo efek-efek pada tanggal 31 Desember 2023, As at 31 December 2023, 2022, and 2021, the balance
2022, dan 2021, berdasarkan sisa umur jatuh tempo of marketable securities according to remaining
adalah: periods to maturity are as follows:
2023 2022 2021
< 1 bulan 166,003 106,540 83,135 < 1 month
> 1 - ≤ 3 bulan 945,809 1,335,611 419,654 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 3,153,400 1,626,304 4,343,285 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 5,078,432 2,714,663 5,339,311 > 1 - ≤ 5 years
> 5 tahun 59,449 44,975 6,599 > 5 years
9,403,093 5,828,093 10,191,984
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
d. Berdasarkan kolektibilitas dan tahapan d. By collectability and staging
Berdasarkan kolektibilitas By collectability
2023 2022 2021
Lancar 9,388,093 5,813,093 10,176,984 Pass
Macet 15,000 15,000 15,000 Loss
9,403,093 5,828,093 10,191,984
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
Berdasarkan tahapan By staging
2023 2022 2021
Tahap 1 9,322,315 5,678,125 10,076,984 Stage 1
Tahap 2 - 34,968 - Stage 2
Tahap 3 49,984 15,000 15,000 Stage 3
9,372,299 5,728,093 10,091,984
Syariah 30,794 100,000 100,000 Sharia
9,403,093 5,828,093 10,191,984
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
e. Efek-efek yang dijadikan jaminan e. Marketable securities pledged as collateral
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were
terdapat efek-efek yang dijadikan jaminan untuk no marketable securities pledged as collateral for a
pinjaman yang diterima. borrowing transaction.
f. Berdasarkan efek Bank Indonesia serta perusahaan f. By Bank Indonesia’s and other companies’
lain marketable securities
2023 2022 2021
Bank Indonesia 281,832 - 665,840 Bank Indonesia
Perusahaan lain 9,121,261 5,828,093 9,526,144 Other companies
9,403,093 5,828,093 10,191,984
Dikurangi: Cadangan kerugian penurunan nilai (39,160) (18,428) (16,062) Less: Allowance for impairment losses
9,363,933 5,809,665 10,175,922
Halaman – 5/81 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 705
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
g. Suku bunga rata-rata per tahun g. Average annual interest rates
2023 2022 2021
Rupiah 6.73% 7.20% 7.41% Rupiah
Mata uang asing 3.93% 4.20% 4.48% Foreign currency
h. Mutasi efek-efek h. Movement of marketable securities
Mutasi efek efek berdasarkan tahapan adalah: The movement of marketable securities based on
staging are as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 5,678,125 34,968 - 15,000 5,728,093 100,000 5,828,093 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 3 - (34,984) 34,984 - - - - Transfer to stage 3
Penambahan surat berharga 6,381,949 - - - 6,381,949 30,794 6,412,743 Additional of marketable securities
Penjualan surat berharga (2,765,255) - - - (2,765,255) (100,000) (2,865,255) Sale of marketable securities
Lain-lain *) 27,496 16 - - 27,512 - 27,512 Others *)
Saldo akhir 9,322,315 - 34,984 15,000 9,372,299 30,794 9,403,093 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan
amortisasi premium/diskonto Included in others are foreign exchange rate translation and amortisation of premium/discount *)
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 10,076,984 - - 15,000 10,091,984 100,000 10,191,984 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 2 (34,968) 34,968 - - - - - Transfer to stage 2
Penambahan surat berharga 1,180,495 - - - 1,180,495 - 1,180,495 Additional of marketable securities
Penjualan surat berharga (5,590,790) - - - (5,590,790) - (5,590,790) Sale of marketable securities
Lain-lain *) 46,404 - - - 46,404 - 46,404 Others *)
Saldo akhir 5,678,125 34,968 - 15,000 5,728,093 100,000 5,828,093 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan
amortisasi premium/diskonto Included in others are foreign exchange rate translation and amortisation of premium/discount *)
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 8,191,509 444,992 - 15,000 8,651,501 675,000 9,326,501 Beginning balance
Perpindahan antar tahapan - - - - - - - Transfer within stages
Penambahan surat berharga 5,477,306 - - - 5,477,306 - 5,477,306 Additional of marketable securities
Penjualan surat berharga (3,610,073) (444,992) - - (4,055,065) (575,000) (4,630,065) Derecognition of marketable securities
Lain-lain *) 18,242 - - - 18,242 - 18,242 Others *)
Saldo akhir 10,076,984 - - 15,000 10,091,984 100,000 10,191,984 Ending balance
*) Termasuk di dalam lain-lain adalah selisih kurs penjabaran mata uang asing dan
amortisasi premium/diskonto Included in others are foreign exchange rate translation and amortisation of premium/discount *)
Halaman – 5/82 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 706
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
i. Cadangan kerugian penurunan nilai i. Allowance for impairment losses
Perubahan cadangan kerugian penurunan nilai adalah Movements in the allowance for impairment losses are
sebagai berikut: as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,029 1,171 - 15,000 18,200 228 18,428 Beginning balance
Perpindahan antar tahapan: Transfer within stages:
Pindah ke tahap 3 - (1,171) 1,171 - - - - Transfer to stage 3
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Penambahan/(pemulihan) selama tahun berjalan 836 - 20,124 - 20,960 (228) 20,732 Addition/(reversal) during the year
Saldo akhir 2,865 - 21,295 15,000 39,160 - 39,160 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 828 - - 15,000 15,828 234 16,062 Beginning balance
Perpindahan antar tahapan Transfer within stages
Pindah ke tahap 2 (52) 52 - - - - - Transfer to stage 2
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Penambahan/(pemulihan) selama tahun berjalan 1,253 1,119 - - 2,372 (6) 2,366 Addition/(reversal) during the year
Saldo akhir 2,029 1,171 - 15,000 18,200 228 18,428 Ending balance
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 1,025 - - 15,000 16,025 290 16,315 Beginning balance
Perpindahan antar tahapan - - - - - - - Transfer within stages
Jumlah yang dibebankan pada laba/rugi: Total charged to income statement:
Pemulihan selama tahun berjalan (197) - - - (197) (56) (253) Reversal during the year
Saldo akhir 828 - - 15,000 15,828 234 16,062 Ending balance
Perubahan cadangan kerugian penurunan nilai adalah Changes in allowance for impairment losses are for
untuk efek-efek dengan klasifikasi biaya perolehan marketable securities classified as amortised costs.
diamortisasi.
Pada tanggal 31 Desember 2023 terdapat efek-efek As at 31 December 2023 there was impairment loss
yang mengalami penurunan nilai sebesar Rp 49.984 marketable securities amounting to Rp 49,984
(2022 dan 2021: Rp 15.000). (2022 and 2021: Rp 15,000).
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai di atas telah memadai. impairment losses above is adequate.
j. Berdasarkan transaksi dengan pihak berelasi dan j. By transactions with related party and third party
pihak ketiga
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, there were
tidak terdapat efek-efek dari pihak berelasi. no marketable securities from related party.
Halaman – 5/83 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 707
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
k. Informasi pokok lainnya sehubungan dengan efek- k. Other significant information relating to marketable
efek securities
Informasi peringkat atas efek-efek berdasarkan Information on the rating of marketable securities based
lembaga pemeringkat - PT Pemeringkat Efek Indonesia on rating agencies - PT Pemeringkat Efek Indonesia
(PT Pefindo), Fitch dan Moody’s diungkapkan pada (PT Pefindo), Fitch and Moody’s are disclosed in Note
Catatan 52 (vii). 52 (vii).
l. Transaksi Lindung Nilai l. Hedge Transaction
Pada tahun 2023, 2022 dan 2021, Bank CIMB Niaga For the years 2023, 2022 and 2021, Bank CIMB Niaga
telah melakukan lindung nilai atas nilai wajar obligasi Performed fair value hedged of corporate bonds amount
korporasi sebesar Rp 658.750 (2022: Rp 300.000; of Rp 658,750 (2022: Rp 300,000; 2021:
2021: Rp 721.500) dan USD 45,278 (2022: USD nihil; Rp 721,500) and USD 45.278 (2022: USD nil; 2021:
2021: USD 8) dengan kontrak swap tingkat suku bunga, USD 8) using interest rate swap contracts with notional
dengan nilai nosional sebesar Rp 600.000 (2022: amount of Rp 600,000 (2022: Rp 300,000; 2021:
Rp 300.000; 2021: Rp 721.500) dan USD 43,271 (2022: Rp 721,500) and USD 43.271 (2022: USD nil; 2021:
USD nihil; 2021: USD 8) (lihat Catatan 11). USD 8) (refer Note 11).
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, Bank CIMB
Bank CIMB Niaga telah melakukan evaluasi terhadap Niaga has performed the hedging evaluation of bond
lindung nilai tersebut yang mana masih memenuhi fair value which still meets the criteria of hedge
kriteria akuntansi lindung nilai. accounting.
2023 2022 2021
(Kerugian)/keuntungan instrumen lindung nilai (1,631) 11,695 33,099 (Losses)/gains on hedging instrument
Keuntungan/(kerugian) hedged item yang Gains/(losses) on hedged item
berhubungan dengan risiko yang dilindung nilai 1,305 (8,588) (33,273) attributable to hedged risk
(Kerugian)/keuntungan bersih dari transaksi lindung nilai (326) 3,107 (174) Net (losses)/gains from hedging transaction
m. Informasi lain m. Other information
Selama periode 31 Desember 2023, Bank CIMB Niaga During the period 31 December 2023, Bank CIMB
telah menjual efek-efek dengan keuntungan sebesar Niaga has sold marketable securities with gains
Rp 47.333 (2022: Rp 49.992; 2021: Rp 13.953) (lihat amounting to Rp 47,333 (2022: Rp 49,992; 2021:
Catatan 40). Rp 13,953) (refer to Note 40).
Pada tanggal 31 Desember 2023, efek-efek yang As at 31 December 2023, marketable securities on
didasarkan pada prinsip perbankan syariah adalah sharia banking principle amounting to Rp 30,794
sebesar Rp 30.794 (2022 dan 2021: Rp 100.000). (2022 and 2021: Rp 100,000).
Pada tanggal 31 Desember 2023, efek-efek akan jatuh As at 31 December 2023, marketable securities will
tempo pada beberapa tanggal antara tanggal mature on various dates between 2 January 2024 up to
2 Januari 2024 sampai dengan tanggal 30 Juni 2050 30 June 2050 (2022: 2 January 2023 up to 30 June
(2022: 2 Januari 2023 sampai dengan tanggal 2050; 2021: 6 January 2022 up to 25 February 2060).
30 Juni 2050; 2021: 6 Januari 2022 sampai dengan
tanggal 25 Februari 2060).
Halaman – 5/84 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 708
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH 9. GOVERNMENT BONDS
a. Berdasarkan jenis a. Based on type
2023 2022 2021
Biaya perolehan diamortisasi Amortised cost
Nilai nominal 17,997,872 20,104,447 17,128,725 Nominal value
Premi yang belum diamortisasi 94,242 218,405 32,762 Unamortised premium
Jumlah biaya perolehan diamortisasi 18,092,114 20,322,852 17,161,487 Total amortised cost
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Nilai nominal 35,686,110 29,935,730 36,016,317 Nominal value
(Kerugian)/keuntungan yang belum Unrealised (losses)/gains on
direalisasi atas (penurunan)/kenaikan nilai (562,018) (760,630) 648,110 (decrease)/increase in value
Premi yang belum diamortisasi 962,038 1,266,203 1,178,992 Unamortised premium
Jumlah nilai wajar melalui penghasilan komprehensif lain 36,086,130 30,441,303 37,843,419 Total fair value through other comprehensive income
Nilai wajar melalui laba rugi Fair value through profit or loss
Nilai nominal 15,796,100 8,170,000 5,081,836 Nominal value
Keuntungan yang belum direalisasi atas kenaikan nilai 622,163 264,871 434,022 Unrealised gains on increase in value
Jumlah nilai wajar melalui laba rugi 16,418,263 8,434,871 5,515,858 Total fair value through profit or loss
Jumlah Obligasi Pemerintah 70,596,507 59,199,026 60,520,764 Total Government Bonds
Pada tanggal 31 Desember 2023, Obligasi Pemerintah As at 31 December 2023, Government Bonds in
dalam mata uang asing adalah sebesar foreign currency amounting to Rp 4,653,621
Rp 4.653.621 (2022: Rp 5.600.692; 2021: (2022: Rp 5,600,692; 2021: Rp 5,932,220).
Rp 5.932.220).
b. Berdasarkan jenis dan jatuh tempo b. Based on type and maturity
2023
≤ 1 bulan/ > 1 - ≤ 3 bulan/ > 3 - ≤ 12 bulan/ > 1 - ≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi 107,889 2,771,453 3,044,588 10,234,159 1,934,025 18,092,114 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain - 4,743,252 4,177,372 15,129,686 12,035,820 36,086,130 comprehensive income
Fair value through
Nilai wajar melalui laba rugi - 25,127 181,874 3,891,109 12,320,153 16,418,263 profit or loss
107,889 7,539,832 7,403,834 29,254,954 26,289,998 70,596,507
2022
≤ 1 bulan/ > 1 - ≤ 3 bulan/ > 3 - ≤ 12 bulan/ > 1 - ≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi - 653,892 1,449,904 15,949,556 2,269,500 20,322,852 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain - 1,164,900 1,008,913 22,078,293 6,189,197 30,441,303 comprehensive income
Fair value through
Nilai wajar melalui laba rugi 1,320 7 290,176 1,086,549 7,056,819 8,434,871 profit or loss
1,320 1,818,799 2,748,993 39,114,398 15,515,516 59,199,026
2021
≤ 1 bulan/ > 1-≤ 3 bulan/ > 3-≤ 12 bulan/ > 1-≤ 5 tahun/ > 5 tahun/ Jumlah/
month months months years years Total
Biaya perolehan diamortisasi 732,074 - 1,370,528 11,090,450 3,968,435 17,161,487 Amortised cost
Nilai wajar melalui penghasilan Fair value through other
komprehensif lain 627,230 167,800 1,952,299 31,729,012 3,367,078 37,843,419 comprehensive income
Fair value through
Nilai wajar melalui laba rugi - 203 76,187 1,651,065 3,788,403 5,515,858 profit or loss
1,359,304 168,003 3,399,014 44,470,527 11,123,916 60,520,764
Halaman – 5/85 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 709
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
c. Suku bunga rata-rata per tahun c. Average annual interest rate
2023 2022 2021
Rupiah 7.06% 7.13% 7.18% Rupiah
Mata uang asing 3.83% 3.72% 3.67% Foreign currency
d. Obligasi Pemerintah yang dijadikan jaminan d. Government Bonds pledged as collateral
Pada tanggal 31 Desember 2023, Obligasi Pemerintah As at 31 December 2023, Government Bonds pledged
yang dijadikan jaminan untuk efek-efek yang dijual as collateral for a securities sold under repurchased
dengan janji dibeli kembali sebesar Rp 20.852.000 agreements amounting to Rp 20,852,000
(2022: Rp 6.350.000; 2021: Rp 1.300.000) (lihat (2022: Rp 6,350,000; 2021: Rp 1,300,000) (refer to
Catatan 10b). Note 10b).
e. Transaksi Lindung Nilai e. Hedge Transaction
Pada tahun 2023, 2022 dan 2021, Bank CIMB Niaga For the years 2023, 2022 and 2021, Bank CIMB Niaga
melakukan lindung nilai atas nilai wajar pada sebagian performed fair value hedged of Government bonds
Obligasi Pemerintah sebesar Rp nihil (2022: amount of Rp nil (2022: Rp 1,000,000; 2021: Rp nil) and
Rp 1.000.000; 2021: Rp nihil) dan USD 34,956 (2022: USD 34.956 (2022: USD 165; 2021: USD 275.932)
USD 165; 2021: USD 275,932) dengan kontrak swap using interest rate swap contracts with notional amount
tingkat suku bunga, dengan nilai nosional sebesar of Rp nil (2022: Rp 1,000,000; 2021: Rp nil) and USD
Rp nihil (2022: Rp 1.000.000; 2021: Rp nihil) dan USD 33,490 (2022: USD 50; 2021: USD 109.9) (refer Note
33,490 (2022: USD 50; 2021: USD 109,9) (lihat Catatan 11).
11).
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, Bank CIMB
Bank CIMB Niaga telah melakukan evaluasi terhadap Niaga has performed the hedging evaluation of bond
lindung nilai dan hasilnya masih memenuhi kriteria fair value and the result is still meets the criteria of
akuntansi lindung nilai. hedge accounting.
Hasil bersih dari (kerugian)/keuntungan instrumen The net effect of the (losses)/gains from the hedging
lindung nilai dan keuntungan/(kerugian) hedged item instrument and gains/(losses) from the hedged item
yang dilindungi nilainya (Obligasi Pemerintah) disajikan (Government Bonds) are summarised below:
pada tabel berikut ini:
2023 2022 2021
Keuntungan instrumen lindung nilai 15,475 65,574 48,746 Gains on hedging instrument
Kerugian hedged item yang Losses on hedged item
berhubungan dengan risiko yang dilindung nilai (9,049) (48,401) (49,661) attributable to hedged risk
Keuntungan/(kerugian) bersih dari transaksi lindung nilai 6,426 17,173 (915) Net gains/(losses) from hedging transaction
f. Informasi lain f. Other information
Selama tahun yang berakhir 31 Desember 2023, Bank For the year ended 31 December 2023, Bank CIMB
CIMB Niaga telah menjual Obligasi Pemerintah dengan Niaga has sold Government Bonds with total nominal
jumlah nilai nominal sebesar Rp 495.334.468 dan USD value of Rp 495,334,468 and USD 964.86 million
964,86 juta (2022: Rp 339.546.424 dan USD 631,02 (2022: Rp 339,546,424 and USD 631.02 million; 2021:
juta; 2021: Rp 301.111.055 dan USD 557,12 juta) Rp 301,111,055 and USD 557.12 million) with gains
dengan keuntungan sebesar Rp 478.174 (2022: amounting to Rp 478,174 (2022: Rp 690,451; 2021:
Rp 690.451; 2021: Rp 1.108.148) (lihat Catatan 40).
Rp 1,108,148) (refer to Note 40).
Pada tanggal 31 Desember 2023, Obligasi Pemerintah As at 31 December 2023, Government Bonds will
akan jatuh tempo pada beberapa tanggal antara mature on various dates between 15 January 2024 up
tanggal 15 Januari 2024 sampai dengan tanggal to 12 March 2071 (2022: 11 January 2023 up to
12 Maret 2071 (2022: 11 Januari 2023 sampai dengan 12 March 2071; 2021: 8 January 2022 up to 12 March
tanggal 12 Maret 2071; 2021: 8 Januari 2022 sampai 2071).
dengan tanggal 12 Maret 2071).
Halaman – 5/86 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 710
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
f. Informasi lain (lanjutan) f. Other information (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, all
seluruh Obligasi Pemerintah digolongkan sebagai Government Bonds were classified as pass and
lancar dan tahap 1. stage 1.
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI AGREEMENTS
a. Efek-efek yang dibeli dengan janji dijual kembali a. Securities purchased under resale agreements
2023
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
PT Bank Rakyat Indonesia (Persero) Tbk FR0081 500,000 6.80% 6.50% 14 Desember/December 2023 16 Juni/June 2025 492,674
Bank Indonesia FR0080 400,000 6.66% 7.50% 6 Januari/January 2023 5 Januari/January 2024 384,946
Bank Indonesia FR0080 300,000 6.65% 7.50% 6 Januari/January 2023 5 Januari/January 2024 288,710
Bank Indonesia FR0080 300,000 6.64% 7.50% 6 Januari/January 2023 5 Januari/January 2024 288,710
Bank Indonesia VR0046 300,000 6.50% 3.84% 24 Maret/March 2023 22 Maret/March 2024 288,694
Bank Indonesia VR0087 300,000 6.51% 6.22% 12 Mei/May 2023 10 Mei/May 2024 279,683
Bank Indonesia VR0073 300,000 6.70% 3.04% 20 Januari/January 2023 19 Januari/January 2024 278,413
Bank Indonesia VR0072 300,000 6.34% 3.04% 21 Juli/July 2023 19 Januari/January 2024 278,228
Bank Indonesia VR0072 250,000 6.40% 3.04% 9 Juni/June 2023 7 Juni/June 2024 234,264
PT Bank Pembangunan Daerah Kalimantan Timur FR0097 200,000 6.10% 7.13% 28 Desember/December 2023 2 Januari/January 2024 192,554
Bank Indonesia VR0071 200,000 6.42% 3.04% 4 Agustus/August 2023 2 Agustus/August 2024 191,013
Bank Indonesia VR0070 200,000 6.70% 6.26% 27 Januari/January 2023 26 Januari/January 2024 190,809
Bank Indonesia VR0072 200,000 6.42% 3.04% 9 Juni/June 2023 7 Juni/June 2024 187,411
Bank Indonesia VR0072 200,000 6.41% 3.04% 9 Juni/June 2023 7 Juni/June 2024 187,411
Bank Indonesia VR0037 200,000 6.44% 5.56% 16 Juni/June 2023 14 Juni/June 2024 186,139
Bank Indonesia VR0073 200,000 6.41% 3.04% 21 Juli/July 2023 19 Agustus/August 2024 185,486
Bank Indonesia VR0094 200,000 6.43% 6.26% 14 Juli/July 2023 12 Juli/July 2024 185,265
Bank Indonesia VR0069 200,000 6.44% 3.95% 9 Juni/June 2023 7 Juni/June 2024 185,008
Bank Indonesia VR0037 150,000 6.45% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.44% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.43% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0037 150,000 6.42% 5.56% 16 Juni/June 2023 14 Juni/June 2024 139,604
Bank Indonesia VR0064 100,000 6.43% 3.30% 21 Juli/July 2023 19 Juli/July 2024 95,553
Jumlah/Total 5,450,000 5,159,387
2022
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia VR0065 300,000 6.03% 6.06% 30 Desember/December 2022 27 Januari/January 2023 277,967
Bank Indonesia VR0084 150,000 5.79% 6.06% 6 Desember/December 2022 3 Januari/January 2023 138,937
Bank Indonesia VR0073 100,000 5.79% 3.04% 8 Desember/December 2022 5 Januari/January 2023 93,403
Jumlah/Total 550,000 510,307
2021
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak penjual/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia FR0054 400,000 3.40% 9.50% 6 Agustus/August 2021 5 Agustus/August 2022 461,012
Bank Indonesia FR0075 300,000 3.65% 7.50% 5 Februari/February 2021 4 Februari/February 2022 307,893
Bank Indonesia VR0057 300,000 3.40% 3.30% 2 Juli/July 2021 1 Juli/July 2022 278,623
PT Bank Maybank Indonesia Tbk FR0090 200,000 3.57% 5.13% 3 Desember/December 2021 17 Januari/January 2022 182,000
PT Bank Nationalnobu Tbk FR0088 150,000 3.55% 6.25% 20 Desember/December 2021 22 Maret/March 2022 134,831
PT Bank Nationalnobu Tbk FR0088 149,000 3.50% 6.25% 2 November/November 2021 3 Februari/February 2022 133,798
PT Bank Maybank Indonesia Tbk FR0086 100,000 3.52% 5.50% 29 Desember/December 2021 28 Januari/January 2022 91,499
Jumlah/Total 1,599,000 1,589,656
Halaman – 5/87 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 711
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI (lanjutan) AGREEMENTS (continued)
a. Efek-efek yang dibeli dengan janji dijual kembali a. Securities purchased under resale agreements
(lanjutan) (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, all
seluruh efek-efek yang dibeli dengan janji dijual kembali securities purchased under resale agreements were
digolongkan sebagai lancar dan tahap 1. classified as pass and stage 1.
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were
terdapat saldo efek-efek yang dibeli dengan janji dijual no balance of securities purchased under resale
kembali dengan pihak berelasi. agreements with related party.
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, securities
efek-efek yang dibeli dengan janji dijual kembali dalam purchased under resale agreements in foreign
mata uang asing adalah sebesar Rp nihil. currency amounting to Rp nil.
b. Efek-efek yang dijual dengan janji dibeli kembali b. Securities sold under repurchase agreements
2023
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia FR0070 2,000,000 6.25% 8.38% 29 Desember/December 2023 5 Januari/January 2024 2,014,318
Bank Indonesia FR0078 1,450,000 6.75% 8.25% 29 Desember/December 2023 12 Januari/January 2024 1,466,360
Bank Indonesia PBS003 1,350,000 6.25% 6.00% 28 Desember/December 2023 10 Januari/January 2024 1,273,408
Bank Indonesia PBS026 1,250,000 6.25% 6.63% 27 Desember/December 2023 3 Januari/January 2024 1,241,305
Bank Indonesia FR0082 1,050,000 6.25% 7.00% 29 Desember/December 2023 5 Januari/January 2024 1,013,851
Bank Indonesia FR0078 1,000,000 6.70% 8.25% 27 Desember/December 2023 10 Januari/January 2024 1,009,029
Bank Indonesia FR0070 1,000,000 6.25% 8.38% 28 Desember/December 2023 4 Januari/January 2024 1,007,029
Bank Indonesia PBS017 850,000 6.25% 6.13% 28 Desember/December 2023 4 Januari/January 2024 797,278
Bank Indonesia FR0090 850,000 6.25% 5.13% 28 Desember/December 2023 4 Januari/January 2024 785,198
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 750,000 6.35% 6.50% 29 Desember/December 2023 8 Januari/January 2024 715,248
Bank Indonesia FR0087 750,000 6.75% 6.50% 29 Desember/December 2023 12 Januari/January 2024 708,932
Bank Indonesia FR0070 600,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 604,205
Bank Indonesia FR0081 600,000 6.75% 6.50% 29 Desember/December 2023 12 Januari/January 2024 571,312
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.35% 8.38% 29 Desember/December 2023 8 Januari/January 2024 511,682
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.35% 8.38% 29 Desember/December 2023 8 Januari/January 2024 511,682
Bank Indonesia FR0056 500,000 6.25% 8.38% 28 Desember/December 2023 4 Januari/January 2024 510,655
PT Bank Pembangunan Daerah Kalimantan Timur FR0056 500,000 6.43% 8.38% 20 Desember/December 2023 3 Januari/January 2024 508,807
Bank Indonesia FR0070 500,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 503,504
Bank Indonesia FR0059 500,000 6.25% 7.00% 29 Desember/December 2023 5 Januari/January 2024 486,946
PT Bank Pembangunan Daerah Kalimantan Timur FR0059 500,000 6.43% 7.00% 20 Desember/December 2023 3 Januari/January 2024 485,174
Bank Indonesia FR0081 500,000 6.25% 6.50% 28 Desember/December 2023 4 Januari/January 2024 475,540
Bank Indonesia FR0081 500,000 6.70% 6.50% 27 Desember/December 2023 10 Januari/January 2024 475,416
PT Bank Pembangunan Daerah Kalimantan Timur FR0087 500,000 6.50% 6.50% 22 Desember/December 2023 5 Januari/January 2024 471,819
Bank Indonesia FR0090 450,000 6.70% 5.13% 27 Desember/December 2023 10 Januari/January 2024 415,909
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 350,000 6.43% 6.50% 20 Desember/December 2023 3 Januari/January 2024 332,888
Bank Indonesia FR0070 250,000 6.25% 8.38% 29 Desember/December 2023 5 Januari/January 2024 251,790
Bank Indonesia FR0056 200,000 6.25% 8.38% 27 Desember/December 2023 3 Januari/January 2024 204,052
PT Bank Pembangunan Daerah Kalimantan Timur FR0078 200,000 6.43% 8.25% 20 Desember/December 2023 3 Januari/January 2024 201,463
PT Bank Negara Indonesia (Persero) Tbk FR0081 200,000 6.45% 6.50% 12 Oktober/October 2023 11 Januari/January 2024 194,333
PT Bank Pembangunan Daerah Kalimantan Timur FR0081 200,000 6.10% 6.50% 29 Desember/December 2023 3 Januari/January 2024 190,733
Bank Indonesia FR0078 150,000 6.25% 8.25% 27 Desember/December 2023 3 Januari/January 2024 151,354
Bank Indonesia FR0087 150,000 6.25% 6.50% 27 Desember/December 2023 3 Januari/January 2024 141,334
PT Bank Negara Indonesia (Persero) Tbk FR0081 100,000 6.45% 6.50% 12 Oktober/October 2023 11 Januari/January 2024 97,166
Bank Indonesia FR0081 100,000 6.25% 6.50% 27 Desember/December 2023 3 Januari/January 2024 95,080
Bank Indonesia FR0078 1,000 6.75% 8.25% 2 November/November 2023 1 Februari/February 2024 1,013
Bank Indonesia FR0078 1,000 6.80% 8.25% 2 November/November 2023 1 Februari/February 2024 1,013
Jumlah/Total 20,852,000 20,426,826
Halaman – 5/88 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 712
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
10. EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL 10. SECURITIES PURCHASED UNDER RESALE
KEMBALI DAN YANG DIJUAL DENGAN JANJI DIBELI AGREEMENTS AND SOLD UNDER REPURCHASE
KEMBALI (lanjutan) AGREEMENTS (continued)
b. Efek-efek yang dijual dengan janji dibeli kembali b. Securities sold under repurchase agreements
(lanjutan) (continued)
2022
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia PBS003 1,350,000 5.75% 6.00% 27 Desember/December 2022 3 Januari/January 2023 1,273,525
Bank Indonesia FR0081 1,300,000 5.75% 6.50% 28 Desember/December 2022 4 Januari/January 2023 1,246,688
Bank Indonesia PBS026 1,200,000 5.75% 6.63% 28 Desember/December 2022 4 Januari/January 2023 1,144,906
Bank Indonesia PBS017 800,000 5.75% 6.13% 30 Desember/December 2022 6 Januari/January 2023 760,302
Bank Indonesia PBS017 800,000 5.75% 6.13% 29 Desember/December 2022 5 Januari/January 2023 750,032
Bank Indonesia FR0070 700,000 5.75% 8.38% 30 Desember/December 2022 6 Januari/January 2023 703,915
Bank Indonesia PBS003 200,000 5.75% 6.00% 29 Desember/December 2022 5 Januari/January 2023 183,359
Jumlah/Total 6,350,000 6,062,727
2021
Jenis Tanggal
efek/ Tingkat Tingkat dimulai/ Tanggal
Pihak pembeli/ Type of Nilai nominal/ suku bunga/ kupon/ Commencement jatuh tempo/ Nilai tercatat/
Counterparty securities Nominal amount Interest rate Coupon rate date Maturity date Carrying amount
Bank Indonesia PBS003 1,000,000 3.75% 6.00% 30 Desember/December 2021 6 Januari/January 2022 988,481
PT Bank Maybank Indonesia Tbk FR0090 200,000 3.60% 5.13% 2 Desember/December 2021 17 Januari/January 2022 182,225
PT Bank Maybank Indonesia Tbk FR0086 100,000 3.55% 5.50% 28 Desember/December 2021 28 Januari/January 2022 91,526
Jumlah/Total 1,300,000 1,262,232
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were
terdapat saldo efek yang dijual dengan janji dibeli no balance of security sold under repurchase
kembali dengan pihak berelasi. agreement with related party.
11. TAGIHAN DAN LIABILITAS DERIVATIF 11. DERIVATIVE RECEIVABLES AND PAYABLES
a. Berdasarkan jenis a. By type
2023
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 2,692,462 1,239 1,844 Foreign currency spots
Kontrak berjangka mata uang asing 19,245,657 95,773 46,385 Foreign currency forwards
Swap mata uang asing 41,655,678 331,446 116,854 Foreign currency swaps
Swap tingkat suku bunga 56,226,588 360,089 283,022 Interest rate swaps
Kontrak opsi mata uang asing 10,208,490 42,259 51,397 Foreign currency options
Kontrak berjangka tingkat suku bunga 16,505,584 - 24,174 Interest rate future
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 3,851,416 18,208 16,375 Interest rate swaps
849,014 540,051
Halaman – 5/89 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 713
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
a. Berdasarkan jenis (lanjutan) a. By type (continued)
2022
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 5,372,294 2,730 2,510 Foreign currency spots
Kontrak berjangka mata uang asing 14,085,866 56,389 35,792 Foreign currency forwards
Swap mata uang asing 31,029,163 416,323 47,057 Foreign currency swaps
Swap tingkat suku bunga 57,350,029 423,793 528,535 Interest rate swaps
Kontrak opsi mata uang asing 14,189,439 61,103 68,078 Foreign currency options
Kontrak berjangka tingkat suku bunga 217,945 2,918 715 Interest rate future
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 3,323,775 6,052 18,492 Interest rate swaps
969,308 701,179
2021
Nilai wajar/Fair values
Jumlah nosional/ Tagihan derivatif/ Liabilitas derivatif/
Instrumen Notional amount Derivative receivables Derivative payables Instruments
Tidak terkait Lindung Nilai Non-hedging related
Kontrak tunai mata uang asing 1,755,627 70 600 Foreign currency spots
Kontrak berjangka mata uang asing 11,978,661 10,545 88,098 Foreign currency forwards
Swap mata uang asing 19,835,385 37,371 4,670 Foreign currency swaps
Swap tingkat suku bunga 46,962,395 777,679 62,058 Interest rate swaps
Kontrak opsi mata uang asing 17,469,508 78,637 77,505 Foreign currency options
Kontrak berjangka tingkat suku bunga 26,580,913 4,779 2,824 Interest rate future
Instrumen lindung nilai terkait Hedging instrument in fair value
lindung nilai atas nilai wajar hedges related
Swap tingkat suku bunga 1,980,370 - 58,904 Interest rate swaps
909,081 294,659
b. Berdasarkan kolektibilitas b. By collectability
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021,
seluruh tagihan derivatif digolongkan sebagai lancar. all derivative receivables were classified as pass.
c. Berdasarkan jatuh tempo c. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect to maturities is disclosed in
Catatan 55. Note 55.
Halaman – 5/90 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 714
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) contracts
i) Obligasi Pemerintah i) Government Bonds
2023, 2022, dan/and 2021
Tanggal
Pihak Obligasi Suku bunga yang Suku bunga Jatuh
ketiga/ Pemerintah/ dibayarkan/ yang diterima/ tempo/
Tanggal/ Third Government Nosional/ Paid of interest Received of Maturity
Date party Tujuan/Purpose Bond date Notional rate interest rate date
7 Mei/ Standard Lindung nilai atas 23 Februari/ USD Suku bunga tetap Suku bunga 1 Maret/
May 2018 Chartered risiko suku bunga February 2018 50,000,000 sebesar 3,08% mengambang March 2023
per tahun/Fixed sebesar suku
pada sebagian eksposur interest rate of bunga LIBOR
Obligasi Pemerintah/To 3.08% per annum 6 (enam) bulan/
hedge interest rate risk Floating interest
on certain portion of rate of 6 (six)
months LIBOR
Government Bonds
8 Mei/ Standard Lindung nilai atas 23 Februari/ USD Suku bunga tetap Suku bunga 1 Maret/
May 2018 Chartered risiko suku bunga February 2018 25,000,000 sebesar 3,08% mengambang March 2023
pada sebagian eksposur per tahun/ Fixed sebesar suku
Obligasi Pemerintah/To interest rate of bunga LIBOR
hedge interest rate risk 3.08% per annum 6 (enam) bulan/
on certain portion of Floating interest
Government Bonds rate of 6 (six)
months LIBOR
24 Mei/ Standard Lindung nilai atas 10 Januari/ USD Suku bunga tetap Suku bunga 21
May 2018 Chartered risiko suku bunga January 2018 15,200,000 sebesar 2,98% mengambang November/
pada sebagian 23 Januari/ per tahun/Fixed sebesar suku November
eksposur Obligasi January 2018 interest rate of bunga LIBOR 2022
2.98% per annum 3 (tiga) bulan/
Pemerintah/
To hedge interest rate Floating interest
risk on certain portion of rate of 3 (three)
months LIBOR
Government Bonds
24 Mei/ Standard Lindung nilai atas 14 Agustus/ USD Suku bunga tetap Suku bunga 29 Maret/
May 2018 Chartered risiko suku bunga August 2017, 11,700,000 sebesar 2,94% mengambang March 2022
pada sebagian eksposur 16 Agustus/ per tahun/Fixed sebesar suku
Obligasi Pemerintah/To August 2017, interest rate of bunga LIBOR
hedge interest rate risk 6 Oktober/ 2.94% per annum 3 (tiga) bulan/
on certain portion of October 2017, Floating interest
Government Bonds 8 November/ rate of 3 (three)
November 2017 months LIBOR
12 Januari/
January 2018,
17 Januari/
January 2018,
22 Januari/
January 2018,
23 Januari/
January 2018,
30 Januari/
January 2018
Halaman – 5/91 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 715
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2023, 2022, dan/and 2021
Tanggal
Obligasi Suku bunga yang Suku bunga Jatuh
Pemerintah/ dibayarkan/ yang diterima/ tempo/
Tanggal/ Pihak ketiga/ Government Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
5 Juli/ Standard Lindung nilai atas 8 November/ USD Suku bunga tetap Suku bunga 10 Januari/
July 2018 Chartered risiko suku bunga November 8,000,000 sebesar 2,90% mengambang January 2022
pada eksposur 2017, per tahun/Fixed sebesar suku
Obligasi Pemerintah/ 11 Januari/ interest rate of bunga LIBOR
To hedge interest January 2018, 2.90% per annum 3 (tiga) bulan/
rate risk on 7 Maret/ Floating interest
Government Bonds March 2017 rate of 3 (three)
months LIBOR
24 Februari/ JP Morgan Lindung nilai atas 3 Juni/ USD Suku bunga tetap Suku bunga 28 Februari/
February Chase risiko suku bunga June 2021 10,000,000 sebesar 1,49% mengambang February
2022 pada sebagian per tahun/Fixed sebesar suku 2024
eksposur Obligasi interest rate of bunga USD
Pemerintah/To 1.49% per annum SOFR CMP/
hedge interest rate Floating
risk on certain interest rate of
portion of USD SOFR
Government Bonds CMP
1 Maret/ JP Morgan Lindung nilai atas 3 Juni/ USD Suku bunga tetap Suku bunga 4 Maret/
March 2022 Chase risiko suku bunga June 2021 20,000,000 sebesar 1,405% mengambang March 2024
pada sebagian per tahun/Fixed sebesar suku
eksposur Obligasi interest rate of bunga USD
Pemerintah/To 1.405% per SOFR CMP/
hedge interest rate annum Floating
risk on certain interest rate of
portion of USD SOFR
CMP
Government Bonds
2 Maret/ JP Morgan Lindung nilai atas 3 Juni/ USD Suku bunga tetap Suku bunga 4 Maret/
March 2022 Chase risiko suku bunga June 2021 20,000,000 sebesar 1,2% mengambang March 2024
pada sebagian per tahun/Fixed sebesar suku
eksposur Obligasi interest rate of bunga USD
Pemerintah/To 1.2% per SOFR CMP/
hedge interest rate annum Floating
risk on certain interest rate of
portion of USD SOFR
Government Bonds CMP
11 Mei/ PT Bank Lindung nilai atas 4 Maret/ IDR Suku bunga tetap Suku bunga 13 Mei/
May 2022 Mandiri risiko suku bunga March 2021 1,000,000 sebesar 6,5% per mengambang May 2025
(Persero) pada sebagian tahun/Fixed sebesar suku
Tbk eksposur interest rate of bunga JIBOR
Obligasi Pemerintah/ 1 (satu) bulan/
To hedge interest 6.5% per annum Floating interest
rate risk on certain rate of 1 (one)
portion of month JIBOR
Government
Bonds
Halaman – 5/92 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 716
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES (continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga
Pihak ketiga/ Pemerintah/ dibayarkan/ yang diterima/
Tanggal/ Third Government Nosional/ Paid of interest Received of Jatuh tempo/
Date party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
9 Mei/ Morgan Lindung nilai atas 8 Mei/ USD Suku bunga tetap Suku bunga 20 September/
May 2023 Stanley & risiko suku bunga May 2023 4,900,000 sebesar 3,37% mengambang September
Company pada sebagian per tahun/Fixed sebesar suku 2027
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.37% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
6 Juni/ Morgan Lindung nilai atas 6 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June 2023 Stanley & risiko suku bunga June 2023 1,960,000 sebesar 3,64% mengambang January 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.64% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
6 Juni/ Morgan Lindung nilai atas 6 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June 2023 Stanley & risiko suku bunga June 2023 1,910,000 sebesar 3,64% mengambang January 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.64% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
Halaman – 5/93 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 717
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES (continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2023, 2022, dan/and 2021
Pihak Tanggal Obligasi Suku bunga Suku bunga
ketiga/ Pemerintah/ yang dibayarkan/ yang diterima/
Tanggal/ Third Government Nosional/ Paid of interest Received of Jatuh tempo/
Date party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
7 Juni/ Morgan Lindung nilai atas 7 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June 2023 Stanley & risiko suku bunga June 2023 2,390,000 sebesar 3,66% mengambang January 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.66% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
12 Juni/ Morgan Lindung nilai atas 12 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June 2023 Stanley & risiko suku bunga June 2023 4,770,000 sebesar 3,81% mengambang January 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.81% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
12 Juni/ Morgan Lindung nilai atas 12 Juni/ USD Suku bunga tetap Suku bunga 11 Januari/
June 2023 Stanley & risiko suku bunga June 2023 4,770,000 sebesar 3,81% mengambang January 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.81% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
21 Juni/ Morgan Lindung nilai atas 21 Juni/ USD Suku bunga tetap Suku bunga 15 Mei/
June 2023 Stanley & risiko suku bunga June 2023 4,790,000 sebesar 3,98% mengambang May 2027
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 3.98% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
Halaman – 5/94 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 718
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
i) Obligasi Pemerintah (lanjutan) i) Government Bonds (continued)
2023, 2022, dan/and 2021
Pihak Tanggal Obligasi Suku bunga Suku bunga
ketiga/ Pemerintah/ yang dibayarkan/ yang diterima/
Tanggal/ Third Government Nosional/ Paid of interest Received of Jatuh tempo/
Date party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
25 Agustus/ Morgan Lindung nilai atas 25 Agustus/ USD Suku bunga tetap Suku bunga 24 April/
August 2023 Stanley & risiko suku bunga August 2023 3,610,000 sebesar 4,28% mengambang April 2028
Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi 4.28% per annum SOFR 1Y/
Ltd Pemerintah/ Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
12 Morgan Lindung nilai atas 12 September/ USD Suku bunga tetap Suku bunga 11 Januari/
September/ Stanley & risiko suku bunga September 1,130,000 sebesar 4,32% mengambang January 2028
September Company pada sebagian 2023 per tahun/Fixed sebesar suku
2023 International eksposur interest rate of bunga USD
Obligasi SOFR 1Y/
Ltd Pemerintah/ 4.32% per annum Floating interest
To hedge interest rate of USD
rate risk on certain SOFR 1Y
portion of
Government
Bonds
5 Oktober/ Morgan Lindung nilai atas 5 Oktober/ USD Suku bunga tetap Suku bunga 24 April/
October Stanley & risiko suku bunga October 2023 3,260,000 sebesar 4,55% mengambang April 2028
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur interest rate of bunga USD
Obligasi 4.55% per annum SOFR
Ltd Pemerintah/ 1Y/Floating
To hedge interest interest rate of
rate risk on certain USD SOFR 1Y
portion of
Government
Bonds
Halaman – 5/95 – Page
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Page 719
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
ii) Obligasi korporasi ii) Corporate bonds
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga
Pihak Korporasi/ dibayarkan/ yang diterima/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
14 Agustus/ Standard Lindung nilai atas 9 Juni/ USD Suku bunga tetap Suku bunga 22 Mei/
August Chartered risiko suku bunga June 2017, 5,000,000 sebesar 2,95% per mengambang May 2023
2018 pada eksposur 18 Juli/ tahun/Fixed sebesar suku
Obligasi July 2017 interest rate of bunga LIBOR
Korporasi/To 2.95% per annum 3 (tiga) bulan/
hedge interest rate Floating interest
risk on Corporate rate of 3 (three)
Bonds months LIBOR
14 Agustus/ Standard Lindung nilai atas 9 Juni/ USD Suku bunga tetap Suku bunga 3 Mei/
August Chartered risiko suku bunga June 2017 3,000,000 sebesar 2,94% mengambang May 2022
2018 pada eksposur per tahun/Fixed sebesar suku
Obligasi interest rate of bunga LIBOR
Korporasi/To 2.94% per annum 3 (tiga) bulan/
hedge interest rate Floating interest
risk on Corporate rate of 3 (three)
Bonds months LIBOR
15 April/ Hong Kong Lindung nilai atas 12 April/ IDR Suku bunga tetap Suku bunga 18 April/
April 2019 and risiko suku bunga April 2019 100,000 sebesar 7,5% per mengambang April 2022
Shanghai pada eksposur tahun/Fixed sebesar suku
Banking Obligasi interest bunga LIBOR
Corporation Korporasi/To rate of 7.5% per 3 (tiga) bulan/
hedge interest rate annum Floating interest
risk on rate of 3 (three)
Corporate Bonds months LIBOR
23 April/ Hong Kong Lindung nilai atas 9 Juni/ IDR Suku bunga tetap Suku bunga 25 April/
April 2019 and risiko suku bunga June 2017 200,000 sebesar 7,55% mengambang April 2022
Shanghai pada eksposur per tahun/Fixed sebesar suku
Banking Obligasi Korporasi/ interest rate of bunga JIBOR
Corporation To hedge interest 7.55% per annum 3 (tiga) bulan/
rate risk on Floating interest
Corporate rate of 3 (three)
Bonds months JIBOR.
Halaman – 5/96 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 720
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
ii) Obligasi korporasi ii) Corporate bonds
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga
Pihak Korporasi/ dibayarkan/ yang diterima/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
5 Hong Kong Lindung nilai atas 15 Mei/ IDR Suku bunga tetap Suku bunga 7 Desember/
Desember/ and risiko suku bunga May 2017, 421,500 sebesar 8,45% per mengambang December
December Shanghai pada eksposur 16 Mei/ tahun/ Fixed sebesar suku 2021
2018 Banking Obligasi Korporasi/ May 2017, interest bunga JIBOR
Corporation To hedge interest 23 Mei/ rate of 8.45% per 3 (tiga) bulan/
rate risk on May 2017, annum Floating interest
Corporate Bonds 29 Mei/ rate of 3 (three)
May 2017, months JIBOR
13 Juli/
July 2017,
1 November/
November 2017,
17 November/
November 2017,
20 November/
November 2017,
12 Desember/
December 2017,
13 Desember/
December 2017,
15 Desember/
December 2017,
9 Agustus/
August 2018
7 April/ PT Bank Lindung nilai atas 21 Februari/ IDR Suku bunga tetap Suku bunga 30 Maret/
April 2022 Mandiri risiko suku bunga February 2022, 300,000 sebesar 5,4% per mengambang March 2025
(Persero) Tbk pada sebagian 15 Maret/ tahun/Fixed sebesar suku
eksposur March 2022, interest rate of bunga JIBOR
Obligasi Korporasi/ 16 Maret/ 5.4% per annum 1 (satu) bulan/
To hedge interest March 2022, Floating interest
rate risk on certain 22 Maret/ rate of 1 (one)
portion of March 2022, month JIBOR
Corporate 29 Maret/
Bonds March 2022
5 Mei/ Morgan Lindung nilai atas 5 Mei/ USD Suku bunga tetap Suku bunga 17 Mei/
May 2023 Stanley & risiko suku bunga May 2023 7,600,000 sebesar 3,26% per mengambang May 2027
Company pada sebagian tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To 3.26% per annum SOFR 1Y/
hedge interest rate Floating interest
risk on certain rate of USD
portion of SOFR 1Y
Corporate Bonds
Halaman – 5/97 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 721
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga
Pihak Korporasi/ dibayarkan/ yang diterima/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Jatuh tempo/
Date Third party Tujuan/Purpose Bond date Notional rate interest rate Maturity date
11 Mei/ Morgan Lindung nilai atas 11 Mei/ USD Suku bunga tetap Suku bunga 17 Mei/
May 2023 Stanley & risiko suku bunga May 2023 5,700,000 sebesar 3,32% per mengambang May 2027
Company pada sebagian tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To hedge SOFR 1Y/
interest rate risk on 3.32% per annum Floating
certain portion of interest
Corporate Bonds rate of USD
SOFR 1Y
26 Juni/ Morgan Lindung nilai atas 26 Juni/ USD Suku bunga tetap Suku bunga 21 Mei/
June Stanley & risiko suku bunga June 2023 4,870,000 sebesar 3,82% per mengambang May 2028
2023 Company pada sebagian tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd SOFR 1Y/
Korporasi/To hedge 3.82% per annum Floating
interest rate risk on interest
certain portion of rate of USD
Corporate Bonds SOFR 1Y
23 Agustus/ Morgan Lindung nilai atas 23 Agustus/ USD Suku bunga tetap Suku bunga 15 Mei/
August Stanley & risiko suku bunga August 2023 5,370,000 sebesar 4,42% per mengambang May 2027
2023 Company pada sebagian tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd SOFR 1Y/
Korporasi/To hedge 4.42% per annum Floating
interest rate risk on interest
certain portion of rate of USD
Corporate Bonds SOFR 1Y
23 Agustus/ Morgan Lindung nilai atas 23 Agustus/ USD Suku bunga tetap Suku bunga 15 Mei/
August Stanley & risiko suku bunga August 2023 2,830,000 sebesar 4,42% per mengambang May 2027
2023 Company pada sebagian tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd SOFR 1Y/
Korporasi/To hedge 4.42% per annum Floating
interest rate risk on interest
certain portion of rate of USD
Corporate Bonds SOFR 1Y
15 Morgan Lindung nilai atas 15 September/ USD Suku bunga tetap Suku bunga 19 April/
September/ Stanley & risiko suku bunga September 2023 3,850,000 sebesar 4,72% per mengambang April 2026
September Company pada sebagian tahun/Fixed sebesar suku
2023 International eksposur Obligasi interest rate of bunga USD
Ltd SOFR 1Y/
Korporasi/To hedge 4.72% per annum Floating
interest rate risk on interest
certain portion of rate of USD
Corporate Bonds SOFR 1Y
Halaman – 5/98 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 722
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga Jatuh
Pihak Korporasi/ dibayarkan/ yang diterima/ tempo/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
20 September/ Morgan Lindung nilai atas 20 September/ USD Suku bunga tetap Suku bunga 4 April/
September Stanley & risiko suku bunga September 2023 2,940,000 sebesar 4,80% mengambang April 2026
2023 Company pada sebagian per tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To hedge SOFR 1Y/
interest rate risk on 4.80% per annum Floating
certain portion of interest
Corporate Bonds rate of USD
SOFR 1Y
26 September/ Morgan Lindung nilai atas 26 September/ USD Suku bunga tetap Suku bunga 9 Februari/
September Stanley & risiko suku bunga September 2023 4,260,000 sebesar 4,89% mengambang February
2023 Company pada sebagian per tahun/Fixed sebesar suku 2026
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To hedge SOFR 1Y/
interest rate risk on 4.89% per annum Floating
certain portion of interest
Corporate Bonds rate of USD
SOFR 1Y
5 Oktober/ Morgan Lindung nilai atas 5 Oktober/ USD Suku bunga tetap Suku bunga 9 Februari/
October Stanley & risiko suku bunga October 2,960,000 sebesar 4,88% mengambang February
2023 Company pada sebagian 2023 per tahun/Fixed sebesar suku 2026
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To hedge SOFR
interest rate risk on 4.88% per annum 1Y/Floating
certain portion of interest rate of
Corporate Bonds USD SOFR 1Y
13 Oktober/ Morgan Lindung nilai atas 13 Oktober/ USD Suku bunga tetap Suku bunga 27 April/
October Stanley & risiko suku bunga October 2,870,000 sebesar 4,49% mengambang April 2028
2023 Company pada sebagian 2023 per tahun/Fixed sebesar suku
International eksposur Obligasi interest rate of bunga USD
Ltd Korporasi/To hedge SOFR
interest rate risk on 4.49% per annum 1Y/Floating
certain portion of interest rate of
Corporate Bonds USD SOFR 1Y
23 Oktober/ PT Bank Lindung nilai atas 29 Maret/ IDR Suku bunga tetap Suku bunga 23 Oktober/
October Mandiri risiko suku bunga March 2023 200,000 sebesar 5,88% mengambang October
2023 (Persero) pada sebagian per tahun/Fixed sebesar suku 2024
Tbk eksposur Obligasi interest rate of bunga IDR
Korporasi/To hedge INDONIA
interest rate risk on 5.88% per annum 1Y/Floating
certain portion of interest rate of
Corporate Bonds IDR INDONIA
1Y
Halaman – 5/99 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 723
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
ii) Obligasi korporasi (lanjutan) ii) Corporate bonds (continued)
2023, 2022, dan/and 2021
Tanggal Obligasi Suku bunga yang Suku bunga Jatuh
Pihak Korporasi/ dibayarkan/ yang diterima/ tempo/
Tanggal/ ketiga/ Corporate Nosional/ Paid of interest Received of Maturity
Date Third party Tujuan/Purpose Bond date Notional rate interest rate date
23 Oktober/ PT Bank Lindung nilai atas 29 Maret/ IDR Suku bunga tetap Suku bunga 24 Oktober/
October Mandiri risiko suku bunga March 2023, 200,000 sebesar 6% per mengambang October
2023 (Persero) pada sebagian 28 Agustus/ tahun/Fixed sebesar suku 2024
Tbk eksposur Obligasi August 2023, interest rate of 6% bunga IDR
Korporasi/To hedge 20 September/ per annum INDONIA
interest rate risk on September 2023, 1Y/Floating
certain portion of 20 September/ interest rate of
Corporate Bonds September 2023, IDR INDONIA
4 Oktober/ 1Y
October 2023,
4 Oktober/
October 2023,
16 Oktober/
October 2023,
16 Oktober/
October 2023,
31 Oktober/ MUFG Bank Lindung nilai atas 1 Maret/ IDR Suku bunga tetap Suku bunga 4
October Ltd risiko suku bunga March 2022, 200,000 sebesar 6% per mengambang November/
2023 pada sebagian 28 Maret/ tahun/Fixed sebesar suku November
eksposur Obligasi March 2023, interest rate of 6% bunga IDR 2024
Korporasi/To hedge 20 Juli/July 2023, per annum INDONIA
interest rate risk on 4 September/ 1Y/Floating
certain portion of September 2023, interest rate of
Corporate Bonds 5 September/ IDR INDONIA
September 2023 1Y
iii) Obligasi subordinasi iii) Subordinated bonds
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, there
tidak terdapat lindung nilai wajar dengan kontrak was no fair value hedge using interest rate swap
swap tingkat suku bunga (IRS) untuk obligasi (IRS) contracts for subordinated bonds.
subordinasi.
Halaman – 5/100 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 724
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
11. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 11. DERIVATIVE RECEIVABLES AND PAYABLES
(continued)
d. Lindung nilai wajar dengan kontrak swap tingkat d. Fair value hedge using interest rate swap (IRS)
suku bunga (IRS) (lanjutan) contracts (continued)
iv) Obligasi yang diterbitkan iv) Bonds issued
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, there
tidak terdapat lindung nilai wajar dengan kontrak was no fair value hedge using interest rate swap
swap tingkat suku bunga (IRS) untuk obligasi yang (IRS) contracts for bonds issued.
diterbitkan.
Perubahan nilai wajar dari kontrak IRS sebagai instrumen The changes in fair values of IRS contracts as the
lindung nilai obligasi Pemerintah dan obligasi korporasi, hedging instruments the Government bonds and the
sebagai item yang dilindung nilai akibat dari penerapan corporate bonds, as the hedge items, as a result of
lindung nilai dibebankan sebagai laba rugi. Perubahan hedge accounting implementation, are charged/credited
nilai wajar instrumen lindung nilai dan item yang dilindung as profit or loss. The changes in fair values of hedge
nilai akan saling off-set dan selisihnya merupakan bagian instruments and hedged items are off-set and the
yang tidak efektif dan dicatat sebagai keuntungan/ amounts representing the ineffective portion are
kerugian dari perubahan nilai wajar derivatif pada laba recorded as gains/losses from changes in fair values of
rugi (lihat Catatan 39). derivative as profit or loss (refer to Note 39).
Sejak diterapkannya akuntansi lindung nilai wajar Starting from the implementation of fair value hedge
tersebut, manajemen telah memiliki dokumentasi accounting, management has been able to document
mengenai hubungan antara instrumen lindung nilai dan the relationship between hedging instruments and
item yang dilindung nilai dan juga tujuan manajemen hedged items, as well as its risk management objective
risikonya serta strategi dalam melakukan berbagai and strategy for undertaking various hedge transactions.
transaksi lindung nilai.
Dokumentasi juga meliputi penilaian pemenuhan kriteria The documentation also consists of hedge fulfillness
akuntansi lindung nilai dari derivatif yang digunakan criteria accounting of derivatives, as the hedge
sebagai instrumen lindung nilai dan item yang dilindung instruments, against the hedged items. The assessment
nilai. Penilaian ini dilakukan baik pada permulaan lindung is tested at inception of the hedge and through out the
nilai tersebut diterapkan dan pada saat-saat berikutnya period of the hedge.
secara berkelanjutan.
Liabilitas derivatif dengan pihak berelasi diungkapkan pada Derivative payables with related party are disclosed in Note
Catatan 48. 48.
Halaman – 5/101 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 725
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN 12. LOANS
Kredit yang diberikan kepada pihak berelasi diungkapkan Loans to related parties are disclosed in Note 48. Information
dalam Catatan 48. Informasi mengenai tingkat suku bunga in respect of interest rates and maturities are disclosed in
dan jatuh tempo diungkapkan dalam Catatan 53 dan 55. Notes 53 and 55.
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara
kolektif dan individual untuk syariah:
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 219,371 - - 219,371 Consumer
Sub jumlah 219,371 - - 219,371 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,386 - - 1,386 Consumer
Sub jumlah 1,386 - - 1,386 Sub total
Jumlah pihak berelasi 220,757 - - 220,757 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 32,346,448 2,422,108 724,672 35,493,228 Consumer
Modal Kerja 48,506,187 6,285,970 2,903,964 57,696,121 Working capital
Investasi 23,871,954 3,585,615 2,778,500 30,236,069 Investment
Sub jumlah 104,724,589 12,293,693 6,407,136 123,425,418 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 104,749 492 - 105,241 Consumer
Modal Kerja 18,685,918 1,254,340 3,227,859 23,168,117 Working capital
Investasi 3,228,796 364,103 110,626 3,703,525 Investment
Sub jumlah 22,019,463 1,618,935 3,338,485 26,976,883 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 51,051 - - 51,051 Working capital
Investasi 1,150 - - 1,150 Investment
Sub jumlah 52,201 - - 52,201 Sub total
Jumlah pihak ketiga 126,796,253 13,912,628 9,745,621 150,454,502 Total third parties
Jumlah 127,017,010 13,912,628 9,745,621 150,675,259 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,150,052) (1,295,281) (7,890,338) (10,335,671) impairment losses
Jumlah - bersih 125,866,958 12,617,347 1,855,283 140,339,588 Total - net
Halaman – 5/102 – Page
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Page 726
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2023
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 29,159,421 534,199 29,693,620 Consumer
Modal Kerja 7,860,948 11,276 7,872,224 Working capital
Investasi 14,819,359 593,509 15,412,868 Investment
Sub jumlah 51,839,728 1,138,984 52,978,712 Sub total
Dolar Amerika Serikat United States Dollar
Modal Kerja 1,509,557 - 1,509,557 Working capital
Investasi 641,509 - 641,509 Investment
Sub jumlah 2,151,066 - 2,151,066 Sub total
Dolar Australia Australian Dollar
Modal Kerja 83,495 - 83,495 Working capital
Sub jumlah 83,495 - 83,495 Sub total
Euro Euro
Modal Kerja 21,198 - 21,198 Working capital
Sub jumlah 21,198 - 21,198 Sub total
Cina Yuan Chinese Yuan
Modal Kerja 6,820 - 6,820 Working capital
Sub jumlah 6,820 - 6,820 Sub total
Jumlah 54,102,307 1,138,984 55,241,291 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (662,795) (907,241) (1,570,036) impairment losses
Jumlah - bersih 53,439,512 231,743 53,671,255 Total - net
Total kredit yang diberikan 205,916,550 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (11,905,707) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 194,010,843 Total loans- net
Halaman – 5/103 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 727
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 184,894 - - 184,894 Consumer
Sub jumlah 184,894 - - 184,894 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,401 - - 1,401 Consumer
Sub jumlah 1,401 - - 1,401 Sub total
Jumlah pihak berelasi 186,295 - - 186,295 Total related parties
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 34,476,020 2,394,503 1,029,063 37,899,586 Consumer
Modal Kerja 41,079,507 8,303,422 4,966,094 54,349,023 Working capital
Investasi 23,342,390 3,378,609 2,846,765 29,567,764 Investment
Sub jumlah 98,897,917 14,076,534 8,841,922 121,816,373 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 56,629 - - 56,629 Consumer
Modal Kerja 13,725,375 1,232,623 3,961,940 18,919,938 Working capital
Investasi 2,025,156 5,236 340,417 2,370,809 Investment
Sub jumlah 15,807,160 1,237,859 4,302,357 21,347,376 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 53,521 - - 53,521 Working capital
Sub jumlah 53,521 - - 53,521 Sub total
Yuan China Chinese Yuan
Modal Kerja - 53,497 - 53,497 Working capital
Sub jumlah - 53,497 - 53,497 Sub total
Dolar Australia Australian Dollar
Modal Kerja 40,346 - - 40,346 Working capital
Sub jumlah 40,346 - - 40,346 Sub total
Jumlah pihak ketiga 114,798,944 15,367,890 13,144,279 143,311,113 Total third parties
Jumlah 114,985,239 15,367,890 13,144,279 143,497,408 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,022,129) (1,335,654) (9,529,990) (11,887,773) impairment losses
Jumlah - bersih 113,963,110 14,032,236 3,614,289 131,609,635 Total - net
Halaman – 5/104 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 728
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2022
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 24,149,479 497,670 24,647,149 Consumer
Modal Kerja 5,188,698 29,772 5,218,470 Working capital
Investasi 13,968,129 180,141 14,148,270 Investment
Sub jumlah 43,306,306 707,583 44,013,889 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi - - - Consumer
Modal Kerja 2,377,559 - 2,377,559 Working capital
Investasi 803,334 - 803,334 Investment
Sub jumlah 3,180,893 - 3,180,893 Sub total
Jumlah 46,487,199 707,583 47,194,782 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (765,956) (433,121) (1,199,077) impairment losses
Jumlah - bersih 45,721,243 274,462 45,995,705 Total - net
Total kredit yang diberikan 190,692,190 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,086,850) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 177,605,340 Total loans- net
Halaman – 5/105 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 729
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2021
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 203,607 - - 203,607 Consumer
Sub jumlah 203,607 - - 203,607 Sub total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 31,014,757 3,052,214 1,248,801 35,315,772 Consumer
Modal Kerja 44,338,616 14,071,750 5,329,618 63,739,984 Working capital
Investasi 15,320,466 4,923,575 2,891,442 23,135,483 Investment
Sub jumlah 90,673,839 22,047,539 9,469,861 122,191,239 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi 17,382 - - 17,382 Consumer
Modal Kerja 8,523,790 5,241,433 752,465 14,517,688 Working capital
Investasi 1,941,561 7,394 1,256,833 3,205,788 Investment
Sub jumlah 10,482,733 5,248,827 2,009,298 17,740,858 Sub total
Dolar Singapura Singapore Dollar
Modal Kerja 53,615 - - 53,615 Working capital
Investasi 934 - - 934 Investment
Sub jumlah 54,549 - - 54,549 Sub total
Jumlah pihak ketiga 101,211,121 27,296,366 11,479,159 139,986,646 Total third parties
Jumlah 101,414,728 27,296,366 11,479,159 140,190,253 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (837,484) (4,514,304) (7,093,738) (12,445,526) impairment losses
Jumlah - bersih 100,577,244 22,782,062 4,385,421 127,744,727 Total - net
Halaman – 5/106 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 730
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan jenis Loans quality by type with staging approach for
dengan pendekatan tahapan untuk konvensional dan conventional and impaired and unimpaired loans, and
kredit yang mengalami penurunan nilai dan tidak collectively and individually assessed for sharia:
mengalami penurunan nilai serta penilaian secara (continued)
kolektif dan individual untuk syariah: (lanjutan)
2021
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 19,550,256 319,905 19,870,161 Consumer
Modal Kerja 3,921,791 10,142 3,931,933 Working capital
Investasi 11,858,279 160,167 12,018,446 Investment
Sub jumlah 35,330,326 490,214 35,820,540 Sub total
Dolar Amerika Serikat United States Dollar
Konsumsi - - - Consumer
Modal Kerja 290,459 - 290,459 Working capital
Investasi 763,244 93,366 856,610 Investment
Sub jumlah 1,053,703 93,366 1,147,069 Sub total
Jumlah 36,384,029 583,580 36,967,609 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (302,437) (320,642) (623,079) impairment losses
Jumlah - bersih 36,081,592 262,938 36,344,530 Total - net
Total kredit yang diberikan 177,157,862 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,068,605) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 164,089,257 Total loans- net
Halaman – 5/107 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 731
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit berdasarkan kredit yang mengalami Loans quality based on impaired loan collectively and
penurunan nilai yang dinilai secara kolektif dan individually assessed as at 31 December 2023, 2022
individual pada tanggal 31 Desember 2023, 2022 dan and 2021, were as follows:
2021 adalah:
2023
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,239,918 18,953 1,258,871 Consumer
Modal Kerja 1,113,048 5,030,051 6,143,099 Working capital
Investasi 63,492 3,419,143 3,482,635 Investment
Jumlah 2,416,458 8,468,147 10,884,605 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,315,340) (7,482,239) (8,797,579) impairment losses
Jumlah - bersih 1,101,118 985,908 2,087,026 Total - net
2022
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,446,283 80,450 1,526,733 Consumer
Modal Kerja 1,215,011 7,742,795 8,957,806 Working capital
Investasi 87,149 3,280,174 3,367,323 Investment
Jumlah 2,748,443 11,103,419 13,851,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,614,896) (8,348,215) (9,963,111) impairment losses
Jumlah - bersih 1,133,547 2,755,204 3,888,751 Total - net
2021
Kolektif/ Individual/ Jumlah/
Collective Individual Total
Konsumsi 1,478,585 90,121 1,568,706 Consumer
Modal Kerja 946,535 5,145,690 6,092,225 Working capital
Investasi 175,874 4,225,934 4,401,808 Investment
Jumlah 2,600,994 9,461,745 12,062,739 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,328,856) (6,085,524) (7,414,380) impairment losses
Jumlah - bersih 1,272,138 3,376,221 4,648,359 Total - net
Halaman – 5/108 – Page
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Page 732
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan Loans quality based on collectability according to OJK
kolektibilitas sesuai ketentuan OJK: regulation collectability:
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 219,371 - - - - 219,371 Consumer
Sub jumlah 219,371 - - - - 219,371 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,386 - - - - 1,386 Consumer
Sub jumlah 1,386 - - - - 1,386 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 60,135,165 3,863,541 313,204 312,000 562,938 65,186,848 Consumer
Modal Kerja 62,205,956 1,154,631 134,846 80,942 1,991,970 65,568,345 Working capital
Investasi 43,191,590 1,909,601 6,774 322,703 218,269 45,648,937 Investment
Sub jumlah 165,532,711 6,927,773 454,824 715,645 2,773,177 176,404,130 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 105,241 - - - - 105,241 Consumer
Modal Kerja 21,470,118 3,073,899 - - 133,657 24,677,674 Working capital
Investasi 4,258,484 86,550 - - - 4,345,034 Investment
Sub jumlah 25,833,843 3,160,449 - - 133,657 29,127,949 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 51,051 - - - - 51,051 Working capital
Investasi 1,150 - - - - 1,150 Investment
Sub jumlah 52,201 - - - - 52,201 Sub Total
Euro Euro
Modal Kerja 21,198 - - - - 21,198 Working capital
Sub jumlah 21,198 - - - - 21,198 Sub Total
Yuan China Chinese Yuan
Modal Kerja 6,820 - - - - 6,820 Working capital
Sub jumlah 6,820 - - - - 6,820 Sub Total
Dolar Australia Australian Dollar
Modal Kerja 83,495 - - - - 83,495 Working capital
Sub jumlah 83,495 - - - - 83,495 Sub Total
Jumlah 191,751,025 10,088,222 454,824 715,645 2,906,834 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
Jumlah - bersih 194,010,843 Total - net
Halaman – 5/109 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 733
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
a. Berdasarkan jenis, mata uang, dan kualitas kredit a. By type, currency, and loans quality (continued)
(lanjutan)
Kualitas kredit yang diberikan berdasarkan Loans quality based on collectability according to OJK
kolektibilitas sesuai ketentuan OJK: (lanjutan) regulation collectability: (continued)
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 184,894 - - - - 184,894 Consumer
Sub jumlah 184,894 - - - - 184,894 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 1,401 - - - - 1,401 Consumer
Sub jumlah 1,401 - - - - 1,401 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 57,394,630 3,882,290 254,759 332,294 682,762 62,546,735 Consumer
Modal Kerja 54,431,165 1,611,890 459,045 282,088 2,783,305 59,567,493 Working capital
Investasi 41,912,134 1,555,146 5,749 4,206 238,799 43,716,034 Investment
Sub jumlah 153,737,929 7,049,326 719,553 618,588 3,704,866 165,830,262 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 56,629 - - - - 56,629 Consumer
Modal Kerja 17,630,268 3,518,501 - - 148,728 21,297,497 Working capital
Investasi 2,936,703 43,644 - - 193,796 3,174,143 Investment
Sub jumlah 20,623,600 3,562,145 - - 342,524 24,528,269 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 53,521 - - - - 53,521 Working capital
Sub jumlah 53,521 - - - - 53,521 Sub Total
Yuan China Chinese Yuan
Modal Kerja 53,497 - - - - 53,497 Working capital
Sub jumlah 53,497 - - - - 53,497 Sub Total
Dolar Australia Australian Dollar
Modal Kerja 40,346 - - - - 40,346 Working capital
Sub jumlah 40,346 - - - - 40,346 Sub Total
Jumlah 174,695,188 10,611,471 719,553 618,588 4,047,390 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
Jumlah - bersih 177,605,340 Total - net
2021
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Pihak Berelasi Related parties
Rupiah Rupiah
Konsumsi 203,607 - - - - 203,607 Consumer
Sub jumlah 203,607 - - - - 203,607 Sub Total
Pihak Ketiga Third parties
Rupiah Rupiah
Konsumsi 50,160,587 3,818,385 396,230 281,567 529,164 55,185,933 Consumer
Modal Kerja 61,927,965 2,542,330 456,126 306,394 2,439,102 67,671,917 Working capital
Investasi 33,154,140 1,648,093 56,967 13,495 281,234 35,153,929 Investment
Sub jumlah 145,242,692 8,008,808 909,323 601,456 3,249,500 158,011,779 Sub Total
Dolar Amerika Serikat United States Dollar
Konsumsi 17,382 - - - - 17,382 Consumer
Modal Kerja 11,314,178 3,279,767 - - 214,202 14,808,147 Working capital
Investasi 2,812,800 54,492 - 93,564 1,101,542 4,062,398 Investment
Sub jumlah 14,144,360 3,334,259 - 93,564 1,315,744 18,887,927 Sub Total
Dolar Singapura Singapore Dollar
Modal Kerja 53,615 - - - - 53,615 Working capital
Investasi 934 - - - - 934 Investment
Sub jumlah 54,549 - - - - 54,549 Sub Total
Jumlah 159,645,208 11,343,067 909,323 695,020 4,565,244 177,157,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,068,605) impairment losses
Jumlah - bersih 164,089,257 Total - net
Halaman – 5/110 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 734
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi b. By economic sector
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia:
penilaian secara kolektif dan individual untuk syariah:
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 15,661,068 3,791,316 1,394,750 20,847,134 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 20,135,787 2,972,314 1,870,323 24,978,424 hotels, and administration
Pertanian 5,098,824 1,154,227 87,270 6,340,321 Agriculture
Jasa usaha 14,793,570 1,594,965 904,972 17,293,507 Business services
Konstruksi 5,369,112 88,643 335,117 5,792,872 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 9,014,928 26,052 173,212 9,214,192 and communication
Jasa pelayanan sosial 587,295 224,119 892,008 1,703,422 Social services
Pertambangan 192,374 2,014 15,013 209,401 Mining
Listrik, gas dan air 1,525,183 17,935 9,799 1,552,917 Electricity, gas and water
Perumahan 13,800,507 1,810,222 388,834 15,999,563 Housing
Konsumsi 18,765,312 611,886 335,838 19,713,036 Consumer
Sub jumlah 104,943,960 12,293,693 6,407,136 123,644,789 Sub total
Mata uang asing Foreign currencies
Perindustrian 9,026,871 1,097,018 3,001,671 13,125,560 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,263,370 121,873 248,106 1,633,349 hotels, and administration
Pertanian 3,703,542 - - 3,703,542 Agriculture
Jasa usaha 3,759,335 272,527 - 4,031,862 Business services
Konstruksi 998 - - 998 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 1,552,439 - 88,708 1,641,147 and communication
Pertambangan 2,005,911 127,025 - 2,132,936 Mining
Listrik, gas dan air 654,449 - - 654,449 Electricity, gas and water
Konsumsi 106,135 492 - 106,627 Consumer
Sub jumlah 22,073,050 1,618,935 3,338,485 27,030,470 Sub total
Jumlah 127,017,010 13,912,628 9,745,621 150,675,259 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,150,052) (1,295,281) (7,890,338) (10,335,671) impairment losses
Jumlah - bersih 125,866,958 12,617,347 1,855,283 140,339,588 Total - net
Halaman – 5/111 – Page
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Page 735
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging approach
ekonomi dengan pendekatan tahapan untuk for conventional and impaired and unimpaired loans
konvensional dan kredit yang mengalami penurunan and collectively and individually assessed for sharia:
nilai dan tidak mengalami penurunan nilai serta (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2023
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 4,017,386 6,615 4,024,001 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 4,618,991 81,704 4,700,695 hotels, and administration
Pertanian 1,936,181 - 1,936,181 Agriculture
Jasa usaha 2,875,725 1,718 2,877,443 Business services
Konstruksi 2,146,376 507,279 2,653,655 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,554,563 1,720 2,556,283 and communication
Jasa pelayanan sosial 257,824 - 257,824 Social services
Pertambangan 618,840 - 618,840 Mining
Listrik, gas dan air 3,654,421 5,749 3,660,170 Electricity, gas and water
Perumahan 22,479,437 410,564 22,890,001 Housing
Konsumsi 6,679,984 123,635 6,803,619 Consumer
Sub jumlah 51,839,728 1,138,984 52,978,712 Sub total
Mata uang asing Foreign currencies
Perindustrian 368,686 - 368,686 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,524,427 - 1,524,427 hotels, and administration
Jasa usaha 49,270 - 49,270 Business services
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 154,977 - 154,977 and communication
Pertambangan 84,016 - 84,016 Mining
Listrik, gas dan air 81,203 - 81,203 Electricity, gas and water
Sub jumlah 2,262,579 - 2,262,579 Sub total
Jumlah 54,102,307 1,138,984 55,241,291 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (662,795) (907,241) (1,570,036) impairment losses
Jumlah - bersih 53,439,512 231,743 53,671,255 Total - net
Total kredit yang diberikan 205,916,550 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (11,905,707) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 194,010,843 Total loans- net
Halaman – 5/112 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 736
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 16,184,879 4,078,057 1,898,432 22,161,368 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 16,788,451 4,555,498 3,161,578 24,505,527 hotels, and administration
Pertanian 5,332,115 640,221 205,538 6,177,874 Agriculture
Jasa usaha 9,773,122 1,963,802 1,257,949 12,994,873 Business services
Konstruksi 6,371,418 156,398 142,003 6,669,819 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 8,268,133 59,212 188,571 8,515,916 and communication
Jasa pelayanan sosial 571,680 197,091 934,393 1,703,164 Social services
Pertambangan 46,531 831 16,526 63,888 Mining
Listrik, gas dan air 1,085,568 30,921 7,869 1,124,358 Electricity, gas and water
Perumahan 16,777,534 1,724,678 606,616 19,108,828 Housing
Konsumsi 17,883,380 669,825 422,447 18,975,652 Consumer
Sub jumlah 99,082,811 14,076,534 8,841,922 122,001,267 Sub total
Mata uang asing Foreign currencies
Perindustrian 8,241,544 1,013,087 3,625,717 12,880,348 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,329,179 128,904 357,332 1,815,415 hotels, and administration
Pertanian 3,052,112 - 44,659 3,096,771 Agriculture
Jasa usaha 1,811,292 149,365 3,705 1,964,362 Business services
Konstruksi 3,368 - 12,292 15,660 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 268,815 - 102,977 371,792 and communication
Pertambangan 945,344 - 155,675 1,101,019 Mining
Listrik, gas dan air 192,744 - - 192,744 Electricity, gas and water
Konsumsi 58,030 - - 58,030 Consumer
Sub jumlah 15,902,428 1,291,356 4,302,357 21,496,141 Sub total
Jumlah 114,985,239 15,367,890 13,144,279 143,497,408 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,022,129) (1,335,654) (9,529,990) (11,887,773) impairment losses
Jumlah - bersih 113,963,110 14,032,236 3,614,289 131,609,635 Total - net
Halaman – 5/113 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 737
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2022
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 2,476,762 4,351 2,481,113 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,998,956 114,336 3,113,292 hotels, and administration
Pertanian 1,879,680 30,926 1,910,606 Agriculture
Jasa usaha 2,177,943 49,183 2,227,126 Business services
Konstruksi 3,486,282 - 3,486,282 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 2,412,601 11,117 2,423,718 and communication
Jasa pelayanan sosial 232,701 - 232,701 Social services
Pertambangan 225,031 - 225,031 Mining
Listrik, gas dan air 3,266,871 - 3,266,871 Electricity, gas and water
Perumahan 18,816,624 382,772 19,199,396 Housing
Konsumsi 5,332,855 114,898 5,447,753 Consumer
Sub jumlah 43,306,306 707,583 44,013,889 Sub total
Mata uang asing Foreign currencies
Perindustrian 418,823 - 418,823 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,437,937 - 1,437,937 hotels, and administration
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 139,821 - 139,821 and communication
Pertambangan 1,020,852 - 1,020,852 Mining
Listrik, gas dan air 163,460 - 163,460 Electricity, gas and water
Sub jumlah 3,180,893 - 3,180,893 Sub total
Jumlah 46,487,199 707,583 47,194,782 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (765,956) (433,121) (1,199,077) impairment losses
Jumlah - bersih 45,721,243 274,462 45,995,705 Total - net
Total kredit yang diberikan 190,692,190 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,086,850) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 177,605,340 Total loans- net
Halaman – 5/114 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 738
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2021
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Rupiah Rupiah
Perindustrian 13,749,931 7,006,786 2,966,746 23,723,463 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 15,043,677 5,116,298 1,831,349 21,991,324 hotels, and administration
Pertanian 5,617,144 1,583,681 240,920 7,441,745 Agriculture
Jasa usaha 8,473,637 2,962,650 1,550,612 12,986,899 Business services
Konstruksi 5,831,692 1,127,611 363,380 7,322,683 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 8,583,113 712,793 207,711 9,503,617 and communication
Jasa pelayanan sosial 2,084,134 464,721 1,037,616 3,586,471 Social services
Pertambangan 59,757 19,530 15,846 95,133 Mining
Listrik, gas dan air 1,087,250 - - 1,087,250 Electricity, gas and water
Perumahan 17,140,494 2,177,123 688,845 20,006,462 Housing
Konsumsi 13,206,617 876,346 566,836 14,649,799 Consumer
Sub jumlah 90,877,446 22,047,539 9,469,861 122,394,846 Sub total
Mata uang asing Foreign currencies
Perindustrian 3,888,200 1,230,147 333,005 5,451,352 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 944,655 2,998,061 1,433,056 5,375,772 hotels, and administration
Pertanian 3,947,162 235,997 - 4,183,159 Agriculture
Jasa usaha 60,623 417,929 3,392 481,944 Business services
Konstruksi 5,774 10,095 - 15,869 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 202,103 278,209 97,320 577,632 and communication
Pertambangan 1,350,525 78,389 142,525 1,571,439 Mining
Listrik, gas dan air 120,857 - - 120,857 Electricity, gas and water
Perumahan 10,449 - - 10,449 Housing
Konsumsi 6,934 - - 6,934 Consumer
Sub jumlah 10,537,282 5,248,827 2,009,298 17,795,407 Sub total
Jumlah 101,414,728 27,296,366 11,479,159 140,190,253 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (837,484) (4,514,304) (7,093,738) (12,445,526) impairment losses
Jumlah - bersih 100,577,244 22,782,062 4,385,421 127,744,727 Total - net
Halaman – 5/115 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 739
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality by economic sector with staging
ekonomi dengan pendekatan tahapan untuk approach for conventional and impaired and
konvensional dan kredit yang mengalami penurunan unimpaired loans and collectively and individually
nilai dan tidak mengalami penurunan nilai serta assessed for sharia: (continued)
penilaian secara kolektif dan individual untuk syariah:
(lanjutan)
2021
Mengalami
penurunan nilai
Tidak mengalami dan penilaian
penurunan nilai secara kolektif
dan penilaian dan individual/
secara kolektif/ Impaired and
Unimpaired collectively and
and collectively individually Jumlah/
assessed assessed Total
Syariah Sharia
Rupiah Rupiah
Perindustrian 2,767,648 7,954 2,775,602 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,080,887 84,392 2,165,279 hotels, and administration
Pertanian 1,323,173 2,237 1,325,410 Agriculture
Jasa usaha 2,322,070 62,593 2,384,663 Business services
Konstruksi 3,330,925 - 3,330,925 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 335,083 13,133 348,216 and communication
Jasa pelayanan sosial 84,203 - 84,203 Social services
Pertambangan 20,879 - 20,879 Mining
Listrik, gas dan air 3,515,202 - 3,515,202 Electricity, gas and water
Perumahan 15,837,460 237,089 16,074,549 Housing
Konsumsi 3,712,796 82,816 3,795,612 Consumer
Konsumsi - - - Consumer
Sub jumlah 35,330,326 490,214 35,820,540 Sub total
Mata uang asing Foreign currencies
Perindustrian 315,813 93,366 409,179 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 292,543 - 292,543 hotels, and administration
Pertanian - - - Agriculture
Jasa usaha - - - Business services
Konstruksi - - - Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 157,466 - 157,466 and communication
Jasa pelayanan sosial - - - Social services
Pertambangan 98,323 - 98,323 Mining
Listrik, gas dan air 189,558 - 189,558 Electricity, gas and water
Perumahan - - - Housing
Konsumsi - - - Consumer
Konsumsi - Consumer
Sub jumlah 1,053,703 93,366 1,147,069 Sub total
Jumlah 36,384,029 583,580 36,967,609 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (302,437) (320,642) (623,079) impairment losses
Jumlah - bersih 36,081,592 262,938 36,344,530 Total - net
Total kredit yang diberikan 177,157,862 Total loans
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - konvensional dan syariah (13,068,605) impairment losses - conventional and sharia
Total kredit yang diberikan- bersih 164,089,257 Total loans- net
Halaman – 5/116 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 740
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Rasio kredit yang mengalami penurunan nilai bruto dan Gross and net impaired loan ratios as at
neto pada tanggal 31 Desember 2023 masing-masing 31 December 2023 are 5.29% and 1.01%, respectively
adalah sebesar 5,29% dan 1,01% (2022: 7,26% dan (2022: 7.26% and 2.04%; 2021: 6.81% and 2.62%).
2,04%; 2021: 6,81% dan 2,62%). Rasio kredit yang Gross impaired loan ratio is calculated by dividing total
mengalami penurunan nilai bruto dihitung dengan impaired loans with total loans. Net impaired loan ratio
membagi jumlah kredit yang diberikan yang mengalami is calculated by deducting total impaired loans with
penurunan nilai dengan jumlah kredit yang diberikan. allowance for impairment losses and dividing with total
Rasio kredit yang mengalami penurunan nilai neto loans.
dihitung dengan mengurangi jumlah kredit yang
diberikan yang mengalami penurunan nilai dengan
cadangan kerugian penurunan nilai dan dibagi dengan
jumlah kredit yang diberikan.
Kualitas kredit yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas sesuai ketentuan OJK: collectability according to OJK regulation:
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 23,639,342 432,738 77,614 5,448 715,993 24,871,135 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 27,766,817 691,643 54,742 61,300 1,104,617 29,679,119 hotels, and administration
Pertanian 8,142,299 46,933 - - 87,270 8,276,502 Agriculture
Jasa usaha 19,526,051 198,413 - 327,761 118,725 20,170,950 Business services
Konstruksi 7,588,192 734,231 9,264 1,700 113,140 8,446,527 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 11,702,604 27,938 - - 39,933 11,770,475 and communication
Jasa pelayanan sosial 1,040,137 913,673 - 7,436 - 1,961,246 Social services
Pertambangan 813,228 - - - 15,013 828,241 Mining
Listrik, gas, dan air 5,178,876 18,663 - - 15,548 5,213,087 Electricity, gas, and water
Perumahan 35,534,795 2,569,981 179,043 123,534 482,211 38,889,564 Housing
Konsumsi 24,819,741 1,293,560 134,161 188,466 80,727 26,516,655 Consumer
Sub jumlah 165,752,082 6,927,773 454,824 715,645 2,773,177 176,623,501 Sub Total
Mata uang asing Foreign currencies
Perindustrian 10,512,877 2,847,712 - - 133,657 13,494,246 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,845,039 312,737 - - - 3,157,776 hotels, and administration
Pertanian 3,703,542 - - - - 3,703,542 Agriculture
Jasa usaha 4,081,132 - - - - 4,081,132 Business services
Konstruksi 998 - - - - 998 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 1,796,124 - - - - 1,796,124 and communication
Pertambangan 2,216,952 - - - - 2,216,952 Mining
Listrik, gas, dan air 735,652 - - - - 735,652 Electricity, gas, and water
Konsumsi 106,627 - - - - 106,627 Consumer
Sub jumlah 25,998,943 3,160,449 - - 133,657 29,293,049 Sub Total
Jumlah 191,751,025 10,088,222 454,824 715,645 2,906,834 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
Jumlah - bersih 194,010,843 Total - net
Halaman – 5/117 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 741
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Kualitas kredit yang diberikan berdasarkan sektor Loans quality based on economic sector and
ekonomi dan kolektibilitas sesuai ketentuan OJK: collectability according to OJK regulation: (continued)
(lanjutan)
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 23,019,789 659,711 126,932 35,892 800,157 24,642,481 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 24,614,829 928,859 322,254 155,247 1,597,630 27,618,819 hotels, and administration
Pertanian 7,921,949 63,001 - - 103,530 8,088,480 Agriculture
Jasa usaha 14,264,094 536,455 11,606 16,500 393,344 15,221,999 Business services
Konstruksi 9,989,782 31,238 - 78,655 56,426 10,156,101 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 10,867,116 27,830 3,999 - 40,689 10,939,634 and communication
Jasa pelayanan sosial 1,027,679 902,250 3 - 5,933 1,935,865 Social services
Pertambangan 272,393 - - - 16,526 288,919 Mining
Listrik, gas, dan air 4,365,668 17,692 - - 7,869 4,391,229 Electricity, gas, and water
Perumahan 34,830,935 2,630,341 122,290 157,889 566,769 38,308,224 Housing
Konsumsi 22,748,589 1,251,949 132,469 174,405 115,993 24,423,405 Consumer
Sub jumlah 153,922,823 7,049,326 719,553 618,588 3,704,866 166,015,156 Sub Total
Mata uang asing Foreign currencies
Perindustrian 9,764,113 3,301,371 - - 233,687 13,299,171 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 2,896,034 260,774 - - 96,544 3,253,352 hotels, and administration
Pertanian 3,096,771 - - - - 3,096,771 Agriculture
Jasa usaha 1,964,362 - - - - 1,964,362 Business services
Konstruksi 3,367 - - - 12,293 15,660 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 511,613 - - - - 511,613 and communication
Pertambangan 2,121,871 - - - - 2,121,871 Mining
Listrik, gas, dan air 356,204 - - - - 356,204 Electricity, gas, and water
Konsumsi 58,030 - - - - 58,030 Consumer
Sub jumlah 20,772,365 3,562,145 - - 342,524 24,677,034 Sub Total
Jumlah 174,695,188 10,611,471 719,553 618,588 4,047,390 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
Jumlah - bersih 177,605,340 Total - net
2021
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Rupiah Rupiah
Perindustrian 23,952,079 1,372,048 9,261 157,943 1,007,734 26,499,065 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 21,803,050 1,054,293 121,747 142,912 1,034,601 24,156,603 hotels, and administration
Pertanian 8,551,797 72,887 6,552 - 135,919 8,767,155 Agriculture
Jasa usaha 14,261,981 579,402 342,910 - 187,269 15,371,562 Business services
Konstruksi 10,287,386 90,795 9,791 10,950 254,686 10,653,608 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 9,794,076 8,302 7,300 - 42,155 9,851,833 and communication
Jasa pelayanan sosial 2,607,362 1,004,299 15,532 8,085 35,396 3,670,674 Social services
Pertambangan 93,026 7,140 - - 15,846 116,012 Mining
Listrik, gas, dan air 4,602,250 - - - - 4,602,250 Electricity, gas, and water
Perumahan 32,778,094 2,589,733 221,953 31,100 460,333 36,081,213 Housing
Konsumsi 16,715,198 1,229,909 174,277 250,466 75,561 18,445,411 Consumer
Sub jumlah 145,446,299 8,008,808 909,323 601,456 3,249,500 158,215,386 Sub Total
Mata uang asing Foreign currencies
Perindustrian 5,561,556 83,976 - - 214,999 5,860,531 Manufacturing
Perdagangan, restoran, Trading, restaurants,
hotel, dan administrasi 1,237,211 3,236,795 - 93,564 1,100,745 5,668,315 hotels, and administration
Pertanian 4,183,159 - - - - 4,183,159 Agriculture
Jasa usaha 478,552 3,392 - - - 481,944 Business services
Konstruksi 5,773 10,096 - - - 15,869 Construction
Pengangkutan, pergudangan, Transportation, warehousing,
dan komunikasi 735,098 - - - - 735,098 and communication
Pertambangan 1,669,762 - - - - 1,669,762 Mining
Listrik, gas, dan air 310,415 - - - - 310,415 Electricity, gas, and water
Perumahan 10,449 - - - - 10,449 Housing
Konsumsi 6,934 - - - - 6,934 Consumer
Sub jumlah 14,198,909 3,334,259 - 93,564 1,315,744 18,942,476 Sub Total
Jumlah 159,645,208 11,343,067 909,323 695,020 4,565,244 177,157,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,068,605) impairment losses
Jumlah - bersih 164,089,257 Total - net
Halaman – 5/118 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 742
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
Rasio kredit bermasalah (“NPL”) dihitung sesuai Non-performing loans (“NPL”) is determined based on
dengan pedoman perhitungan rasio keuangan financial ratio calculation guidance as stated in
sebagaimana tercantum dalam Surat Edaran Otoritas Financial Services Authority (“FSA”) circular letter
Jasa Keuangan No.09/SEOJK.03/2020 tanggal 30 Juni No.09/SEOJK.03/2020 dated 30 June 2020
2020 perihal "Transparansi dan Publikasi Laporan concerning "Transparency and Publication of
Bank Umum Konvensional”. Conventional Commercial Bank Reports".
Pada tanggal 31 Desember 2023, rasio NPL bruto dan As at 31 December 2023, the percentage on
neto konsolidasian (termasuk Ijarah) masing-masing consolidated basis of gross and net NPL (included
adalah sebesar 1,96% dan 0,71% (2022: 2,80% dan Ijarah) is 1.96% and 0.71%, respectively
0,75%; 2021: 3,46% dan 1,17%). Rasio NPL bruto (2022: 2.80% and 0.75%; 2021: 3.46% and 1.17%).
dihitung dengan membagi jumlah pinjaman dalam Gross NPL ratio is calculated by dividing total loans
klasifikasi kurang lancar, diragukan, dan macet dengan that classified as sub-standard, doubtful, and loss with
jumlah pinjaman, tidak termasuk kredit kepada bank total loans, excludes loans to other banks.
lain.
Rasio NPL neto dihitung dengan mengurangi jumlah Net NPL ratio is calculated by deducting total loans that
pinjaman dalam klasifikasi kurang lancar, diragukan, classified as sub-standard, doubtful, and loss with
dan macet dengan cadangan kerugian penurunan nilai allowance of impairment loans and divided by total
dan dibagi dengan jumlah pinjaman, tidak termasuk loans, excludes loans to bank. NPL ratio is disclosed
kredit kepada bank lain. Rasio NPL disajikan secara as consolidated including the consumer financing
konsolidasi termasuk piutang pembiayaan konsumen. receivables.
c. Berdasarkan jangka waktu perjanjian kredit c. By term of credit agreements
2023 2022 2021
Rupiah Rupiah
< 1 tahun 29,544,753 24,874,444 26,775,114 < 1 year
> 1 - < 2 tahun 27,528,556 26,163,909 26,590,800 > 1 - < 2 years
> 2 - < 5 tahun 22,054,713 21,725,231 15,334,057 > 2 - < 5 years
> 5 tahun 97,495,479 93,251,572 89,515,415 > 5 years
Sub jumlah 176,623,501 166,015,156 158,215,386 Sub total
Dolar Amerika Serikat United States Dollar
< 1 tahun 17,792,306 9,611,593 8,164,256 < 1 year
> 1 - < 2 tahun 1,691,147 5,203,789 955,270 > 1 - < 2 years
> 2 - < 5 tahun 3,155,952 2,910,833 1,742,417 > 2 - < 5 years
> 5 tahun 6,489,930 6,803,455 8,025,984 > 5 years
Sub jumlah 29,129,335 24,529,670 18,887,927 Sub total
Dolar Australia Australian Dollar
< 1 tahun 83,495 40,346 - < 1 year
Dolar Singapura Singapore Dollar
< 1 tahun 44,962 34,422 37,674 < 1 year
> 1 - < 2 tahun 7,239 19,099 15,531 > 1 - < 2 years
> 2 - < 5 tahun - - 410 > 2 - < 5 years
> 5 tahun - - 934 > 5 years
Sub jumlah 52,201 53,521 54,549 Sub total
Euro Euro
< 1 tahun 21,198 - - < 1 year
Yuan China Chinese Yuan
< 1 tahun 6,820 53,497 - < 1 year
Jumlah 205,916,550 190,692,190 177,157,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) (13,086,850) (13,068,605) impairment losses
Jumlah - bersih 194,010,843 177,605,340 164,089,257 Total - net
Halaman – 5/119 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 743
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
d. Berdasarkan jatuh tempo d. By maturity date
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 55. Note 55.
e. Suku bunga rata-rata per tahun e. Average annual interest rates
2023 2022 2021
Rupiah 8.34% 7.89% 8.75% Rupiah
Mata uang asing 5.58% 4.29% 3.39% Foreign currencies
f. Mutasi kredit yang diberikan f. Movement of loans
Mutasi kredit yang diberikan berdasarkan tahapan The movement of loans based on staging are as
adalah: follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 114,985,239 15,367,890 2,178,810 10,965,469 143,497,408 47,194,782 190,692,190 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 2,472,861 (2,384,274) (88,587) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (3,349,541) 3,586,519 (236,978) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (380,911) (521,648) 902,559 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (188,547) - 188,547 - - - Transfer from collective to individual
Pindah dari individual ke kolektif 118,611 391,002 - (509,613) - - - Transfer from individual to collective
Total perpindahan antar tahapan (1,138,980) 883,052 576,994 (321,066) - - - Total transfer within stages
Penambahan kredit selama tahun berjalan 18,274,140 - - - 18,274,140 12,885,913 31,160,053 Additional loans during the year
Pindah ke Tahap 2 dan 3 (140,982) 114,931 26,051 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (997,636) (913,898) (1,911,534) (282,525) (2,194,059) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (4,789,500) (2,438,043) 50,066 (1,131,343) (8,308,820) (4,495,148) (12,803,968) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - (17,157) (623,547) (640,704) (26,893) (667,597) Loan sale to third party
Lain-lain *) (172,907) (15,202) (41) (47,081) (235,231) (34,838) (270,069) Others *)
Saldo akhir 127,017,010 13,912,628 1,817,087 7,928,534 150,675,259 55,241,291 205,916,550 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translations *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 101,414,728 27,296,366 2,209,040 9,270,119 140,190,253 36,967,609 177,157,862 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 5,363,856 (5,223,284) (140,572) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (1,954,293) 1,998,814 (44,521) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (321,702) (884,867) 1,206,569 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual dan sebaliknya - (4,450,812) - 4,450,812 - - - Transfer from collective to individual and vice versa
Total perpindahan antar tahapan 3,087,861 (8,560,149) 1,021,476 4,450,812 - - - Total transfer within stages
Penambahan kredit selama tahun berjalan 13,281,377 - - - 13,281,377 15,094,339 28,375,716 Additional loans during the year
Pindah ke Tahap 2 dan 3 (142,901) 124,000 18,901 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (1,270,659) (928,322) (2,198,981) (176,209) (2,375,190) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (3,640,591) (3,981,065) 199,738 (960,314) (8,382,232) (4,804,902) (13,187,134) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - - (1,077,693) (1,077,693) - (1,077,693) Loan sale to third party
Lain-lain *) 984,765 488,738 314 210,867 1,684,684 113,945 1,798,629 Others *)
Saldo akhir 114,985,239 15,367,890 2,178,810 10,965,469 143,497,408 47,194,782 190,692,190 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/120 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 744
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
f. Mutasi kredit yang diberikan (lanjutan) f. Movement of loans (continued)
Mutasi kredit yang diberikan berdasarkan tahapan The movement of loans based on staging are as
adalah: (lanjutan) follows: (continued)
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Konvensional Stage 1 Stage 2 Collective Individual Total Sharia Total Conventional
Saldo awal 120,353,302 9,422,016 1,244,093 8,718,680 139,738,091 31,932,300 171,670,391 Beginning balance
Perubahan kredit berdasarkan perpindahan Changes in credit due to
antar tahapan: transfer within stages:
Pindah ke Tahap 1 172,797 (122,401) (50,396) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (16,640,409) 16,654,609 (14,200) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (890,368) (500,870) 1,391,238 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (3,004,089) - 3,056,631 52,542 (52,542) - Transfer from collective to individual
Total perpindahan antar tahapan (17,357,980) 13,027,249 1,326,642 3,056,631 52,542 (52,542) - Total transfer within stages
Penambahan kredit selama tahun berjalan 18,228,770 - - - 18,228,770 8,003,760 26,232,530 Additional loans during the year
Pindah ke Tahap 2 dan 3 (580,125) 543,264 36,861 - - - - Transfer to Stage 2 and 3
Penghapusbukuan kredit - - (1,046,380) (735,033) (1,781,413) (129,891) (1,911,304) Write-off loans
Perubahan lainnya pada kredit termasuk Other changes in loans including
pelunasan penuh dan pembayaran sebagian (19,435,507) 4,255,459 647,653 (555,999) (15,088,394) (2,802,519) (17,890,913) fully settlement or partial repayment
Penjualan kredit ke pihak ketiga - - - (1,267,761) (1,267,761) - (1,267,761) Loan sale to third party
Lain-lain *) 206,268 48,378 171 53,601 308,418 16,501 324,919 Others *)
Saldo akhir 101,414,728 27,296,366 2,209,040 9,270,119 140,190,253 36,967,609 177,157,862 Ending balance
Syariah 36,967,609 Sharia
Jumlah 177,157,862 Total
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
g. Kredit yang direstrukturisasi g. Restructured loans
Selama tahun-tahun yang berakhir 31 Desember 2023, For the years ended 31 December 2023, 2022 and
2022, dan 2021, jumlah kredit yang direstrukturisasi 2021, total restructured loans based on collectability
berdasarkan kolektibilitas adalah: were as follows:
2023
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 54,203 - - 10,483 407,050 471,736 Working capital
Investasi 9,427 213,517 - - 37,885 260,829 Investment
Konsumsi 40,131 77,847 11,800 11,906 1,414 143,098 Consumer
103,761 291,364 11,800 22,389 446,349 875,663
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (769,646) impairment losses
106,017
2022
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 445,978 90,232 79,368 23,240 93,708 732,526 Working capital
Investasi 329,300 30,127 - - 97,252 456,679 Investment
Konsumsi 48,022 100,759 20,374 22,423 521 192,099 Consumer
823,300 221,118 99,742 45,663 191,481 1,381,304
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (942,587) impairment losses
438,717
Halaman – 5/121 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 745
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
g. Kredit yang direstrukturisasi (lanjutan) g. Restructured loans (continued)
Selama tahun-tahun yang berakhir 31 Desember 2023, For the years ended 31 December 2023, 2022 and
2022, dan 2021, jumlah kredit yang direstrukturisasi 2021, total restructured loans based on collectability
berdasarkan kolektibilitas adalah: (lanjutan) were as follows: (continued)
2021
Dalam
Perhatian Kurang
Khusus/ Lancar/
Lancar/ Special Sub- Diragukan/ Macet/ Jumlah/
Pass Mention Standard Doubtful Loss Total
Modal Kerja 1,956,751 837,391 300,643 172,294 147,743 3,414,822 Working capital
Investasi 690,480 1,343,178 - - - 2,033,658 Investment
Konsumsi 689,240 374,400 51,291 112,496 1,135 1,228,562 Consumer
3,336,471 2,554,969 351,934 284,790 148,878 6,677,042
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (2,450,525) impairment losses
4,226,517
Kredit yang direstrukturisasi meliputi antara lain Restructured loans include loans principal and interest
penjadwalan ulang pembayaran pokok kredit dan rescheduling, overdue interest exemption and
bunga, pembebasan tunggakan bunga dan additional of loan facilities.
penambahan fasilitas kredit.
Tidak ada kredit yang direstrukturisasi yang termasuk There were no restructured loans to related parties.
dalam kredit yang diberikan kepada pihak berelasi.
Jumlah kredit yang diberikan yang telah The amount of loans that have been restructured as a
direstrukturisasi akibat dari pandemi COVID-19 pada result of the COVID-19 pandemic as at
tanggal 31 Desember 2023 adalah sebesar 31 December 2023 was Rp 10,737,056 (2022:
Rp 10.737.056 (2022: Rp 14.671.567; 2021: Rp 14,671,567; 2021: Rp 19,906,905).
Rp 19.906.905).
h. Kredit sindikasi h. Syndicated loans
Kredit sindikasi merupakan kredit yang diberikan Syndicated loans represent loans provided to the
kepada debitur berdasarkan perjanjian pembiayaan debtor under syndication agreements with other banks.
bersama dengan bank lain.
Jumlah kredit sindikasi antara Bank CIMB Niaga dan The amount of syndicated loans between Bank CIMB
bank lain pada tanggal 31 Desember 2023 adalah Niaga and other banks as at 31 December 2023
sebesar Rp 28.727.010 (2022: Rp 28.705.252; 2021: amounting to Rp 28,727,010 (2022: Rp 28,705,252;
Rp 27.347.005). Partisipasi Bank CIMB Niaga dalam 2021: Rp 27,347,005). Bank CIMB Niaga’s
kredit sindikasi tersebut pada tanggal 31 Desember participation in syndicated loans as at 31 December
2023 sebesar 2,00% - 74,96% (2022: 2,75% - 40,54%; 2023 is 2.00% - 74.96% (2022: 2.75% - 40.54%; 2021:
2021: 2,75% - 40,54%) Bank CIMB Niaga juga 2.75% - 40.54%). Bank CIMB Niaga also acted as lead
bertindak selaku pimpinan dan/atau arranger, dimana manager and/or arranger, where the percentage of
persentase Bank CIMB Niaga sebagai arranger adalah Bank CIMB Niaga as arranger is 4.00% - 79.34% of
sebesar 4,00% - 79,34% dari seluruh kredit sindikasi the total syndicated loans at 31 December 2023 (2022
tersebut pada tanggal 31 Desember 2023 (2022 dan and 2021: 3.50% - 79.67%).
2021: 3,50% - 79,67%)
Halaman – 5/122 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 746
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
i. Cadangan kerugian penurunan nilai i. Allowance for impairment losses
Mutasi cadangan kerugian penurunan nilai kredit yang The movements of allowance for impairment losses are
diberikan adalah: as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 1,022,129 1,335,654 1,248,216 8,281,774 11,887,773 1,199,077 13,086,850 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 65,870 (37,632) (28,238) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (21,993) 121,963 (99,970) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (2,348) (119,021) 121,369 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (18,504) - 18,504 - - - Transfer from collective to individual
Pindah dari individual ke kolektif - 209,122 - (209,122) - - - Transfer from individual to collective
Total perpindahan antar tahapan 41,529 155,928 (6,839) (190,618) - - - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama tahun berjalan 134,983 - - - 134,983 57,228 192,211 from new loans during the year
Pindah ke Tahap 2 dan 3 (37,605) 17,455 20,150 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (16,844) (53,411) (55,387) (56,229) (181,871) (87,458) (269,329) Loans that have been derecognised
Perubahan pada risiko kredit 5,962 (159,851) 834,010 435,426 1,115,547 692,122 1,807,669 Change in credit risk
Total yang dibebankan ke laba rugi 86,496 (195,807) 798,773 379,197 1,068,659 661,892 1,730,551 Total charge to Income Statement
Penerimaan kembali kredit yang
diberikan yang telah dihapuskan Recovery of written-off loans
selama tahun berjalan - - 29,576 - 29,576 4,132 33,708 during the year
Penghapusan selama tahun berjalan - - (997,636) (913,898) (1,911,534) (282,525) (2,194,059) Write-off during the year
Penjualan kredit ke pihak ketiga - - (10,215) (570,524) (580,739) (26,893) (607,632) Loan sale to third party
Lain-lain *) (102) (494) (81,671) (75,797) (158,064) 14,353 (143,711) Others *)
Saldo akhir 1,150,052 1,295,281 980,204 6,910,134 10,335,671 1,570,036 11,905,707 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 837,484 4,514,304 1,143,502 5,950,236 12,445,526 623,079 13,068,605 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 430,326 (392,997) (37,329) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (29,346) 40,801 (11,455) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (3,661) (177,433) 181,094 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual dan Transfer from collective to individual and
sebaliknya - (2,577,100) - 2,577,100 - - - vice versa ..
Total perpindahan antar tahapan 397,319 (3,106,729) 132,310 2,577,100 - - - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama periode berjalan 83,238 - - - 83,238 84,687 167,925 from new loans during the period
Pindah ke Tahap 2 dan 3 (31,649) 17,582 14,067 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (15,842) (62,172) (61,054) (30,715) (169,783) (142,503) (312,286) Loans that have been derecognised
Perubahan pada risiko kredit (250,245) (221,057) 1,389,143 1,667,819 2,585,660 797,942 3,383,602 Change in credit risk
Total yang dibebankan ke laba rugi (214,498) (265,647) 1,342,156 1,637,104 2,499,115 740,126 3,239,241 Total charge to Income Statement
Penerimaan kembali kredit yang
diberikan yang telah dihapuskan Recovery of written-off loans
selama periode berjalan - - 43,590 - 43,590 3,655 47,245 during the period
Penghapusan selama periode berjalan - - (1,270,659) (928,322) (2,198,981) (176,209) (2,375,190) Write-off during the period
Penjualan kredit ke pihak ketiga - - - (1,063,270) (1,063,270) - (1,063,270) Loan sale to third party
Lain-lain *) 1,824 193,726 (142,683) 108,926 161,793 8,426 170,219 Others *)
Saldo akhir 1,022,129 1,335,654 1,248,216 8,281,774 11,887,773 1,199,077 13,086,850 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Halaman – 5/123 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 747
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
i. Cadangan kerugian penurunan nilai (lanjutan) i. Allowance for impairment losses (continued)
Mutasi cadangan kerugian penurunan nilai kredit yang The movements of allowance for impairment losses are
diberikan adalah: (lanjutan) as follows: (continued)
2021
Konvensional/
Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,342,841 3,545,600 453,846 5,030,952 11,373,239 445,368 11,818,607 Beginning balance
Perubahan pada cadangan kerugian kredit Changes in expected credit losses due to
berdasarkan perpindahan antar tahapan: transfer within stages:
Pindah ke Tahap 1 41,040 (25,801) (15,239) - - - - Transfer to Stage 1
Pindah ke Tahap 2 (419,223) 426,144 (6,921) - - - - Transfer to Stage 2
Pindah ke Tahap 3 (30,264) (82,272) 112,536 - - - - Transfer to Stage 3
Pindah dari kolektif ke individual - (711,807) - 727,020 15,213 (15,213) - Transfer from collective to individual
Total perpindahan antar tahapan (408,447) (393,736) 90,376 727,020 15,213 (15,213) - Total transfer within stages
Penambahan cadangan kerugian atas Additional allowance for impairment losses
kredit baru selama tahun berjalan 91,214 - - - 91,214 31,637 122,851 from new loans during the year
Pindah ke Tahap 2 dan 3 (26,287) 11,560 14,727 - - - - Transfer to Stage 2 and 3
Kredit yang telah dilunasi (39,295) (24,744) (42,382) (14,428) (120,849) (40,810) (161,659) Loans that have been derecognised
Perubahan pada risiko kredit (1,125,670) 1,357,647 1,705,321 2,000,238 3,937,536 290,232 4,227,768 Change in credit risk
Total yang dibebankan ke laba rugi (1,100,038) 1,344,463 1,677,666 1,985,810 3,907,901 281,059 4,188,960 Total charge to Income Statement
Penerimaan kembali kredit yang
diberikan yang telah dihapuskan Recovery of written-off loans
selama tahun berjalan - - 81,682 - 81,682 41,607 123,289 during the year
Penghapusan selama tahun berjalan - - (1,046,380) (735,032) (1,781,412) (129,891) (1,911,303) Write-off during the year
Penjualan kredit ke pihak ketiga - - - (995,006) (995,007) - (995,007) Loan sale to third party
Lain-lain *) 3,128 17,977 (113,688) (63,507) (156,090) 149 (155,941) Others *)
Saldo akhir 837,484 4,514,304 1,143,502 5,950,237 12,445,526 623,079 13,068,605 Ending balance
* Termasuk selisih kurs karena penjabaran mata uang asing Include effect of foreign currency translation *
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, allowance
rincian cadangan kerugian penurunan nilai for impairment losses based on type of loans consist of:
berdasarkan jenis adalah:
2023 2022 2021
Modal kerja 6,219,290 7,829,116 7,051,691 Working capital
Investasi 3,576,975 2,905,727 3,640,770 Investment
Konsumsi 2,109,442 2,352,007 2,376,144 Consumer
Jumlah 11,905,707 13,086,850 13,068,605 Total
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai yang dibentuk cukup untuk impairment losses is adequate to cover losses arising
menutup kerugian yang timbul akibat tidak tertagihnya from uncollectible loans.
kredit yang diberikan.
Halaman – 5/124 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 748
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
i. Cadangan kerugian penurunan nilai (lanjutan) i. Allowance for impairment losses (continued)
Bank telah melakukan penilaian sensitivitas kerugian The Bank has performed ECL sensitivity assessment
kredit ekspektasian terhadap kredit yang diberikan on loans based on the changes in key macroeconomic
berdasarkan perubahan variabel - variabel variables, as presented in table below. The sensitivity
makroekonomi kunci seperti yang disajikan pada tabel assessment outlines the effect of changes in those
dibawah ini. Penilaian sensitivitas dilakukan hanya variables while other variables remain constant:
dengan mengubah variabel-variabel tersebut
sedangkan seluruh variabel lain dianggap konstan:
2023 2022 2021
Cadangan kerugian Cadangan kerugian Cadangan kerugian
penurunan nilai/ penurunan nilai/ penurunan nilai/
Perubahan/ Allowance for Perubahan/ Allowance for Perubahan/ Allowance for
Changes impairment losses Changes impairment losses Changes impairment losses
Konsumsi Consumer
BI Rate +/- 5 bps +/- 15 bps +/- 5 bps BI Rate
Indeks harga rumah +/- 25 bps +/- 25 bps +/- 50 bps House price index
Indeks harga konsumen +/- 350 bps +/- 350 bps +/- 425 bps Consumer price index
Nilai ekspor +/- 75 bps Export value
Tingkat kepercayaan konsumen +/- 150 bps Customer confidence index
Tingkat pengangguran Unemployment rate
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan positif 5,412 1,594 1,109 impairment losses on positive changes
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan negatif (5,354) (1,589) (1,098) impairment losses on negative changes
Modal Kerja dan Investasi Working Capital and Investment
Indeks penjualan ritel +/- 15 bps +/- 175 bps Retail sales index
Nilai ekspor +/- 200 bps +/- 50 bps +/- 75 bps Export value
Tingkat kepercayaan konsumen +/- 125 bps Customer confidence index
Indeks harga saham gabungan +/- 75 bps +/- 15 bps Shares price index
Nilai impor +/- 50 bps Import value
Indeks komoditas dunia +/- 150 bps World commodity index
BI Rate +/- 5 bps BI Rate
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan positif (1,685) 13,874 1,703 impairment losses on positive changes
Total kenaikan cadangan kerugian Total increase in allowance for
penurunan nilai dalam perubahan negatif 1,694 (13,906) (1,695) impairment losses on negative changes
j. Penghapusbukuan kredit untuk kategori “macet” j. Write-off loans for “loss” loans category
Pada tanggal yang berakhir 31 Desember 2023, Bank As at 31 December 2023, Bank CIMB Niaga write-off
CIMB Niaga melaksanakan penghapusbukuan kredit loans amounting to Rp 2,194,059 (2022: Rp 2,375,190;
sebesar Rp 2.194.059 (2022: Rp 2.375.190; 2021: 2021: Rp 1,911,304). Loans write-off criteria are as
Rp 1.911.304). Adapun kriteria debitur yang dapat follows:
dihapusbukukan meliputi:
a. Fasilitas kredit telah mengalami penurunan nilai; a. Loan facility is classified as impaired;
b. Fasilitas kredit telah dibentuk cadangan kerugian b. Loan facility has been provided with 100%
penurunan nilai sebesar 100% dari pokok kredit; allowance for impairment losses from the loan
principal;
c. Hapus buku dilakukan terhadap seluruh c. The write-offs are performed for all loan
kewajiban kredit, termasuk yang berasal dari obligations, including non-cash loan facilities; and
fasilitas non-cash loan; dan
d. Diumumkan secara terbuka. d. Announced publicly.
Halaman – 5/125 – Page
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Page 749
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
12. KREDIT YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
k. Kredit Usaha Kecil, Mikro, dan Menengah (UMKM) k. Micro, Small, and Medium Enterprises (MSME)
Loans
Jumlah UMKM pada tanggal 31 Desember 2023 As at 31 December 2023, the outstanding balance of
adalah sebesar Rp 22.753.513 (2022: Rp 21.382.687; MSME is Rp 22,753,513 (2022: Rp 21,382,687; 2021:
2021: Rp 20.595.007). Rasio kredit UMKM terhadap Rp 20,595,007). As at 31 December 2023, ratio of
jumlah kredit yang diberikan konsolidasian pada MSME loans to total consolidated loan is 11.05%
tanggal 31 Desember 2023 sebesar 11,05% (2022: (2022: 11.21%; 2021: 11.63%). These ratios are
11,21%; 2021: 11,63%), dimana rasio ini dihitung calculated according to Bank Indonesia Regulation No.
berdasarkan ketentuan Peraturan Bank Indonesia No. 23/13/PBI/2021 which has been amended with PBI No.
23/13/PBI/2021 yang telah direvisi melalui PBI No. 24/3/PBI/2022 concerning Macroprudential Inclusive
24/3/PBI/2022 tentang Rasio Pembiayaan Inklusif Financing Ratio for Conventional Commercial Banks,
Makroprudensial bagi Bank Umum Konvensional, Sharia Commercial Banks, and Sharia Business Units.
Bank Umum Syariah, dan Unit Usaha Syariah.
l. Informasi pokok lainnya sehubungan dengan kredit l. Other significant information relating to loans
yang diberikan
Pada tanggal 26 Desember 2018, OJK mengeluarkan On 26 December 2018, OJK issued regulation
ketentuan No.32/POJK.03/2018 tentang “Batas No. 32/POJK.03/2018 regarding “Legal Lending Limit
Maksimum Pemberian Kredit dan Penyediaan Dana and Large Exposure for Commercial Bank” which
Besar bagi Bank Umum” yang berlaku efektif sejak effective since 1 June 2019 which has been updated
1 Juni 2019 yang telah diperbaharui dengan POJK No. with OJK regulation No. 38/POJK.03/2019 which
38/POJK.03/2019 yang berlaku mulai tanggal 1 Januari effective since 1 January 2020. This regulation requires
2020. Peraturan tersebut menetapkan batas the maximum lending limit to one and/or group of non-
maksimum penyediaan dana kepada satu peminjam related party debtor which not exceed to 25% of the
dan/atau kelompok peminjam yang bukan merupakan Bank’s core capital. As at 31 December 2023, 2022 and
pihak berelasi tidak melebihi 25% dari modal inti Bank. 2021, there was no breach and violation of the LLL
Pada tanggal 31 Desember 2023, 2022, dan 2021, requirements for both related parties and third parties.
tidak terdapat pelampauan dan pelanggaran atas
BMPK baik kepada pihak berelasi dan pihak ketiga.
Kredit yang diberikan dijamin dengan agunan yang Loans are generally secured by collateral with
diikat dengan hipotik, hak tanggungan atau surat kuasa registered mortgages, powers of attorney to sell, time
untuk menjual, deposito berjangka, dan jaminan deposits, and by other guarantees.
lainnya.
Kredit yang dijamin dengan jaminan tunai pada tanggal Loans secured by cash collateral as at 31 December
31 Desember 2023 adalah sebesar Rp 6.447.409 2023 amounting to Rp 6,447,409 (2022: Rp 6,458,987;
(2022: Rp 6.458.987; 2021: Rp 5.568.927) (lihat 2021: Rp 5,568,927) (refer to Note 23, 24, and 25).
Catatan 23, 24, dan 25).
Halaman – 5/126 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 750
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN 13. CONSUMER FINANCING RECEIVABLES
Piutang pembiayaan konsumen Entitas Anak adalah: The Subsidiary’s consumer financing receivables are:
2023 2022 2021
Piutang pembiayaan konsumen - bruto 9,710,095 7,662,156 5,542,904 Consumer financing receivables - gross
Dikurangi: Less:
Pendapatan pembiayaan konsumen
yang belum diakui (2,256,775) (1,743,332) (1,087,346) Unearned consumer financing income
Piutang pembiayaan konsumen - bersih 7,453,320 5,918,824 4,455,558 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (141,776) (110,535) (67,029) impairment losses
7,311,544 5,808,289 4,388,529
Piutang pembiayaan konsumen Entitas Anak per The Subsidiary’s consumer financing receivables as of
31 Desember 2023, 2022, dan 2021, berdasarkan tahapan 31 December 2023, 2022, and 2021, by staging are:
adalah:
2023
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen - bersih 2,936,549 67,134 48,991 3,052,674 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (15,177) (14,015) (31,202) (60,394) impairment losses
Jumlah konvensional 2,921,372 53,119 17,789 2,992,280 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen - bersih 4,400,646 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (81,382) impairment losses
Jumlah syariah 4,319,264 Total sharia
Jumlah piutang pembiayaan konsumen - Total consumer financing receivable -
konvensional dan syariah 7,453,320 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (141,776) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 7,311,544 financing receivable - net
2022
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen - bersih 2,415,951 66,736 49,283 2,531,970 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (14,573) (15,742) (30,202) (60,517) impairment losses
Jumlah konvensional 2,401,378 50,994 19,081 2,471,453 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen - bersih 3,386,854 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (50,018) impairment losses
Jumlah syariah 3,336,836 Total sharia
Jumlah piutang pembiayaan konsumen - Total consumer financing receivable -
konvensional dan syariah 5,918,824 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (110,535) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 5,808,289 financing receivable - net
Halaman – 5/127 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 751
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Piutang pembiayaan konsumen Entitas Anak per The Subsidiary’s consumer financing receivables as of
31 Desember 2023, 2022, dan 2021, berdasarkan tahapan 31 December 2023, 2022, and 2021, by staging are:
adalah: (lanjutan) (continued)
2021
Tahap/ Tahap/ Tahap/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Konvensional Conventional
Piutang pembiayaan konsumen - bersih 2,030,990 67,164 38,584 2,136,738 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (15,297) (14,048) (18,347) (47,692) impairment losses
Jumlah konvensional 2,015,693 53,116 20,237 2,089,046 Total conventional
Syariah Sharia
Piutang pembiayaan konsumen - bersih 2,318,820 Consumer financing receivables - net
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (19,337) impairment losses
Jumlah syariah 2,299,483 Total sharia
Jumlah piutang pembiayaan konsumen - Total consumer finaning receivable -
konvensional dan syariah 4,455,558 conventional and sharia
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai - konvensional dan syariah (67,029) losses - conventional and sharia
Jumlah piutang Total consumer
pembiayaan konsumen - bersih 4,388,529 financing receivable - net
Berikut ini cicilan piutang pembiayaan konsumen – bruto Below is the installment of gross consumer financing
berdasarkan tanggal jatuh tempo: receivables based on the maturity:
2023 2022 2021
< 1 bulan 36,121 35,266 25,541 < 1 month
> 1 - ≤ 3 bulan 795,866 658,239 535,387 > 1 - ≤ 3 months
> 3 - ≤ 12 bulan 2,236,598 1,883,390 1,508,536 > 3 - ≤ 12 months
> 1 - ≤ 5 tahun 6,641,510 5,085,261 3,473,440 > 1 - ≤ 5 years
9,710,095 7,662,156 5,542,904
Less: Allowance for
Mutasi piutang pembiayaan konsumen yang berdasarkan The movement of consumer financing receivables based on
tahapan adalah: staging are as follows:
2023
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Konvensional Stage 1 Stage 2 Collective Total Sharia Total Conventional
Saldo awal 2,415,951 66,736 49,283 2,531,970 3,386,854 5,918,824 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 19,025 (9,954) (9,071) - - - Transfer to Stage 1
Pindah ke Tahap 2 (46,303) 49,927 (3,624) - - - Transfer to Stage 2
Pindah ke Tahap 3 (123,352) (4,254) 127,606 - - - Transfer to Stage 3
Total perpindahan antar tahapan (150,630) 35,719 114,911 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 2,497,851 - - 2,497,851 3,075,948 5,573,799 financing receivable
Pindah ke Tahap 2 dan 3 (63,742) 32,773 30,969 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (96,001) (96,001) (166,116) (262,117) receivable
Pelunasan penuh dan pembayaran sebagian (1,762,881) (68,094) (50,171) (1,881,146) (1,896,040) (3,777,186) Fully settlement and partial repayment
Saldo akhir 2,936,549 67,134 48,991 3,052,674 4,400,646 7,453,320 Ending balance
Halaman – 5/128 – Page
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Page 752
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Mutasi piutang pembiayaan konsumen yang berdasarkan The movement of consumer financing receivables based on
tahapan adalah: (lanjutan) staging are as follows: (continued)
2022
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Konvensional Stage 1 Stage 2 Collective Total Sharia Total Conventional
Saldo awal 2,030,990 67,164 38,584 2,136,738 2,318,820 4,455,558 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 10,287 (10,001) (286) - - - Transfer to Stage 1
Pindah ke Tahap 2 (34,325) 34,722 (397) - - - Transfer to Stage 2
Pindah ke Tahap 3 (75,808) (22,367) 98,175 - - - Transfer to Stage 3
Total perpindahan antar tahapan (99,846) 2,354 97,492 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 2,023,090 - - 2,023,090 2,309,831 4,332,921 financing receivable
Pindah ke Tahap 2 dan 3 (54,664) 42,088 12,576 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (68,783) (68,783) (92,531) (161,314) receivable
Pelunasan penuh dan pembayaran sebagian (1,483,619) (44,870) (30,586) (1,559,075) (1,149,266) (2,708,341) Fully settlement and partial repayment
Saldo akhir 2,415,951 66,736 49,283 2,531,970 3,386,854 5,918,824 Ending balance
2021
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Konvensional Stage 1 Stage 2 Collective Total Sharia Total Conventional
Saldo awal 2,038,116 71,723 54,211 2,164,050 920,152 3,084,202 Beginning balance
Perubahan piutang pembiayaan Changes in consumer financing
konsumen berdasarkan receivable based on transfer
perpindahan antar tahapan within stages
Pindah ke Tahap 1 15,177 (8,054) (7,123) - - - Transfer to Stage 1
Pindah ke Tahap 2 (74,086) 75,418 (1,332) - - - Transfer to Stage 2
Pindah ke Tahap 3 (31,284) (6,036) 37,320 - - - Transfer to Stage 3
Total perpindahan antar tahapan (90,193) 61,328 28,865 - - - Total transfer within stages
Penambahan piutang pembiayaan New additional of consumer
konsumen baru 1,443,073 - - 1,443,073 1,693,228 3,136,301 financing receivable
Pindah ke Tahap 2 dan 3 (61,015) 10,248 50,767 - - - Transfer to Stage 2 and 3
Penghapusbukuan piutang Write-off of consumer financing
pembiayaan konsumen - - (92,472) (92,472) (17,423) (109,895) receivable
Pelunasan penuh dan pembayaran sebagian (1,298,991) (76,135) (2,787) (1,377,913) (277,137) (1,655,050) Fully settlement and partial repayment
Saldo akhir 2,030,990 67,164 38,584 2,136,738 2,318,820 4,455,558 Ending balance
Mutasi cadangan kerugian penurunan nilai atas piutang The movements of allowance for impairment losses on
pembiayaan konsumen adalah: consumer financing receivables are as follows:
2023
Konvensional/Conventional
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Total Sharia Total
Saldo awal 14,573 15,742 30,202 60,517 50,018 110,535 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 7,970 (2,367) (5,603) - - - Transfer to Stage 1
Pindah ke Tahap 2 (561) 2,655 (2,094) - - - Transfer to Stage 2
Pindah ke Tahap 3 (263) (949) 1,212 - - - Transfer to Stage 3
Total perpindahan antar tahapan 7,146 (661) (6,485) - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 38,558 - - 38,558 35,897 74,455 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (26,740) 7,217 19,523 - - - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (7,287) (10,868) (19,145) (37,300) (26,281) (63,581) Fully settlement and partial repayment
Perubahan pada risiko kredit (11,073) 2,585 103,108 94,620 187,864 282,484 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi (6,542) (1,066) 103,486 95,878 197,480 293,358 Total charged/(credited) to profit or loss
Penghapusan selama periode berjalan - - (96,001) (96,001) (166,116) (262,117) Write-off during the period
Saldo akhir 15,177 14,015 31,202 60,394 81,382 141,776 Ending balance
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Mutasi cadangan kerugian penurunan nilai atas piutang The movements of allowance for impairment losses on
pembiayaan konsumen adalah: (lanjutan) consumer financing receivables are as follows: (continued)
2022
Konvensional/Conventional
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Total Sharia Total
Saldo awal 15,297 14,048 18,347 47,692 19,337 67,029 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 2,224 (2,091) (133) - - - Transfer to Stage 1
Pindah ke Tahap 2 (390) 580 (190) - - - Transfer to Stage 2
Pindah ke Tahap 3 (557) (2,830) 3,387 - - - Transfer to Stage 3
Total perpindahan antar tahapan 1,277 (4,341) 3,064 - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 29,411 - - 29,411 57,731 87,142 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (17,801) 10,216 7,585 - - - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (8,461) (7,035) (13,622) (29,118) (15,592) (44,710) Fully settlement and partial repayment
Perubahan pada risiko kredit (5,150) 2,854 83,611 81,315 81,073 162,388 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi (2,001) 6,035 77,574 81,608 123,212 204,820 Total charged/(credited) to profit or loss
Penghapusan selama periode berjalan - - (68,783) (68,783) (92,531) (161,314) Write-off during the period
Saldo akhir 14,573 15,742 30,202 60,517 50,018 110,535 Ending balance
2021
Konvensional/Conventional
Tahap/
Stage 3
Tahap/ Tahap/ Kolektif/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Total Sharia Total
Saldo awal 39,526 22,711 37,150 99,387 6,966 106,353 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 7,668 (2,614) (5,054) - - - Transfer to Stage 1
Pindah ke Tahap 2 (2,876) 3,830 (954) - - - Transfer to Stage 2
Pindah ke Tahap 3 (963) (1,901) 2,864 - - - Transfer to Stage 3
Total perpindahan antar tahapan 3,829 (685) (3,144) - - - Total transfer within stages
Piutang pembiayaan konsumen yang baru diberikan 20,137 - - 20,137 - 20,137 New consumer financing receivables originated
Pindah ke Tahap 2 dan 3 (10,610) 2,625 7,985 - - - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (13,291) (15,374) (23,641) (52,306) - (52,306) Fully settlement and partial repayment
Perubahan pada risiko kredit (24,294) 4,771 92,469 72,946 29,794 102,740 Change in credit risk
Total yang dibebankan/(dikreditkan) pada laba rugi (28,058) (7,978) 76,813 40,777 29,794 70,571 Total charged/(credited) to profit or loss
Penghapusan selama tahun berjalan - - (92,472) (92,472) (17,423) (109,895) Write off during the year
Saldo akhir 15,297 14,048 18,347 47,692 19,337 67,029 Ending balance
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the allowance for impairments
penurunan nilai yang dibentuk telah memadai. losses is adequate.
Tingkat bunga rata-rata per tahun untuk piutang pembiayaan The average annual interest rate of consumer financing
konsumen adalah sebesar 17,01% untuk tahun yang receivables is 17.01% for the year ended
berakhir 31 Desember 2023 (2022: 17,30%; 2021: 16,44%). 31 December 2023 (2022: 17.30%; 2021: 16.44%).
Berikut piutang pembiayaan konsumen – bersih berdasarkan Below are the net consumer financing receivables based on
kolektibilitas: the collectability:
2023 2022 2021
Lancar 6,827,656 5,398,627 4,171,364 Pass
Dalam Perhatian Khusus 545,417 449,347 241,874 Special Mention
Kurang Lancar 27,986 26,122 12,000 Sub-Standard
Diragukan 44,844 44,012 26,925 Doubtful
Macet 7,417 716 3,395 Loss
7,453,320 5,918,824 4,455,558
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (141,776) (110,535) (67,029) impairment losses
Jumlah 7,311,544 5,808,289 4,388,529 Total
Halaman – 5/130 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 754
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
13. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 13. CONSUMER FINANCING RECEIVABLES (continued)
Piutang pembiayaan konsumen dijamin dengan Bukti Consumer financing receivables are secured by Vehicle
Pemilikan Kendaraan Bermotor (“BPKB”) atas kendaraan Ownership Certificates (“BPKB”) of financed assets.
yang dibiayai.
14. TAGIHAN DAN LIABILITAS AKSEPTASI 14. ACCEPTANCE RECEIVABLES AND PAYABLES
a. Berdasarkan mata uang a. By currencies
2023 2022 2021
Tagihan akseptasi Acceptance receivables
Rupiah 661,079 1,101,079 1,638,751 Rupiah
Mata uang asing 441,012 1,005,517 964,856 Foreign currencies
1,102,091 2,106,596 2,603,607
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,638) (19,833) (39,566) impairment losses
1,093,453 2,086,763 2,564,041
Liabilitas akseptasi Acceptance payables
Rupiah 661,079 1,101,079 1,638,751 Rupiah
Mata uang asing 441,012 1,005,517 964,856 Foreign currencies
1,102,091 2,106,596 2,603,607
b. Berdasarkan kolektibilitas dan tahapan b. By collectability and staging
Berdasarkan kolektibilitas By collectability
2023 2022 2021
Tagihan akseptasi Acceptance receivables
Lancar 1,102,091 2,106,596 2,603,607 Pass
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,638) (19,833) (39,566) impairment losses
1,093,453 2,086,763 2,564,041
Berdasarkan tahapan By staging
2023 2022 2021
Tagihan akseptasi Acceptance receivables
Konvensional Conventional
Tahap 1 1,012,049 1,602,394 1,694,940 Stage 1
Tahap 2 52,770 356,056 797,736 Stage 2
Tahap 3 9,842 9,573 20,635 Stage 3
1,074,661 1,968,023 2,513,311
Syariah 27,430 138,573 90,296 Sharia
1,102,091 2,106,596 2,603,607
Dikurangi: Cadangan kerugian penurunan nilai (8,638) (19,833) (39,566) Less: Allowance for impairment losses
Jumlah 1,093,453 2,086,763 2,564,041 Total
Halaman – 5/131 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 755
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
b. Berdasarkan kolektibilitas dan tahapan (lanjutan) b. By collectability and staging (continued)
Mutasi tagihan akseptasi berdasarkan tahapan adalah: The movement of acceptance receivables based on
staging is as follows:
2023
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,602,394 356,056 - 9,573 1,968,023 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 1 78,798 (78,798) - - - Transfer to Stage 1
Pindah ke Tahap 2 (1,453) 1,453 - - - Transfer to Stage 1
Total perpindahan antar tahapan 77,345 (77,345) - - - Total transfer within stages
Penambahan tagihan akseptasi baru 81,201 - - - 81,201 New additional of acceptance receivable
Pindah ke Tahap 2 (17,046) 17,046 - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (453,877) (80,150) - - (534,027) Full and partial repayment
Perubahan pada risiko kredit (277,968) (162,837) - 269 (440,536) Change in credit risk
Saldo akhir 1,012,049 52,770 - 9,842 1,074,661 Ending balance
Syariah 27,430 Sharia
Jumlah 1,102,091 Total
2022
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,694,940 797,736 - 20,635 2,513,311 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 1 465,330 (465,330) - - - Transfer to Stage 1
Pindah ke Tahap 2 (32,145) 32,145 - - - Transfer to Stage 2
Total perpindahan antar tahapan 433,185 (433,185) - - - Total transfer within stages
Penambahan tagihan akseptasi baru 393,564 - - - 393,564 New additional of acceptance receivable
Pindah ke Tahap 2 (181,542) 181,542 - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (737,753) (190,037) - (11,062) (938,852) Full and partial repayment
Saldo akhir 1,602,394 356,056 - 9,573 1,968,023 Ending balance
Syariah 138,573 Sharia
Jumlah 2,106,596 Total
Halaman – 5/132 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 756
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
b. Berdasarkan kolektibilitas dan tahapan (lanjutan) b. By collectability and staging (continued)
Mutasi tagihan akseptasi berdasarkan tahapan adalah: The movement of acceptance receivables based on
(lanjutan) staging is as follows: (continued)
2021
Konvensional/
Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/
Stage 1 Stage 2 Collective Individual Total
Konvensional Conventional
Saldo awal 1,976,891 92,564 - 18,223 2,087,678 Beginning balance
Perubahan tagihan akseptasi berdasarkan Changes in acceptance receivables
perpindahan antar tahapan based on transfer within stages
Pindah ke Tahap 2 (619,377) 619,377 - - - Transfer to Stage 2
Total perpindahan antar tahapan (619,377) 619,377 - - - Total transfer within stages
Penambahan tagihan akseptasi baru 932,213 - - - 932,213 New additional of acceptance receivable
Pindah ke Tahap 2 dan 3 (115,098) 112,686 - 2,412 - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (479,689) (26,891) - - (506,580) Full and partial payment
Saldo akhir 1,694,940 797,736 - 20,635 2,513,311 Ending balance
Syariah 90,296 Sharia
Jumlah 2,603,607 Total
c. Berdasarkan transaksi dengan pihak berelasi dan c. By transactions with related party and third party
pihak ketiga
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were
terdapat tagihan dan liabilitas akseptasi yang berasal no acceptance receivables and payables from related
dari pihak berelasi. party.
Halaman – 5/133 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 757
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
d. Berdasarkan jangka waktu perjanjian d. By term of agreements
Tagihan dan liabilitas akseptasi berdasarkan jangka The acceptance receivables and payables classified
waktu perjanjian adalah: according to term of agreements are as follows:
2023 2022 2021
Tagihan akseptasi Acceptance receivables
Rupiah Rupiah
< 1 bulan 1,728 9,687 44,051 < 1 month
> 1 - ≤ 3 bulan 92,609 208,115 440,912 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 534,987 871,006 691,548 > 3 - ≤ 6 months
> 6 bulan 31,755 12,271 462,240 > 6 months
661,079 1,101,079 1,638,751
Mata uang asing Foreign currencies
< 1 bulan 8,759 17,277 132,785 < 1 month
> 1 - ≤ 3 bulan 164,223 288,116 169,273 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 256,902 665,302 549,099 > 3 - ≤ 6 months
> 6 bulan 11,128 34,822 113,699 > 6 months
441,012 1,005,517 964,856
1,102,091 2,106,596 2,603,607
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,638) (19,833) (39,566) impairment losses
1,093,453 2,086,763 2,564,041
Liabilitas akseptasi Acceptance payables
Rupiah Rupiah
< 1 bulan 1,728 9,687 44,051 < 1 month
> 1 - ≤ 3 bulan 92,609 208,115 440,912 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 534,987 871,006 691,548 > 3 - ≤ 6 months
> 6 bulan 31,755 12,271 462,240 > 6 months
661,079 1,101,079 1,638,751
Mata uang asing Foreign currencies
< 1 bulan 8,759 17,277 132,785 < 1 month
> 1 - ≤ 3 bulan 164,223 288,116 169,273 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 256,902 665,302 549,099 > 3 - ≤ 6 months
> 6 bulan 11,128 34,822 113,699 > 6 months
441,012 1,005,517 964,856
1,102,091 2,106,596 2,603,607
Halaman – 5/134 – Page
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Page 758
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
e. Berdasarkan jatuh tempo e. By maturity date
Tagihan dan liabilitas akseptasi berdasarkan sisa umur The acceptance receivables and payables
sampai dengan jatuh tempo adalah: classification according to remaining period to maturity
are as follows:
2023 2022 2021
Tagihan akseptasi Acceptance receivables
Rupiah Rupiah
< 1 bulan 209,944 370,953 323,111 < 1 month
> 1 - ≤ 3 bulan 345,697 509,111 943,566 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 105,438 221,015 372,074 > 3 - ≤ 6 months
661,079 1,101,079 1,638,751
Mata uang asing Foreign currencies
< 1 bulan 170,430 274,886 395,796 < 1 month
> 1 - ≤ 3 bulan 178,880 443,185 308,347 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 86,058 287,446 222,479 > 3 - ≤ 6 months
> 6 bulan 5,644 - 38,234 > 6 months
441,012 1,005,517 964,856
1,102,091 2,106,596 2,603,607
Dikurangi: Cadangan kerugian Less: Allowance for
penuruanan nilai (8,638) (19,833) (39,566) expected losses
1,093,453 2,086,763 2,564,041
Liabilitas akseptasi Acceptance payables
Rupiah Rupiah
< 1 bulan 209,944 370,953 323,111 < 1 month
> 1 - ≤ 3 bulan 345,697 509,111 943,566 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 105,438 221,015 372,074 > 3 - ≤ 6 months
661,079 1,101,079 1,638,751
Mata uang asing Foreign currencies
< 1 bulan 170,430 274,886 395,796 < 1 month
> 1 - ≤ 3 bulan 178,880 443,185 308,347 > 1 - ≤ 3 months
> 3 - ≤ 6 bulan 86,058 287,446 222,479 > 3 - ≤ 6 months
> 6 bulan 5,644 - 38,234 > 6 months
441,012 1,005,517 964,856
1,102,091 2,106,596 2,603,607
Halaman – 5/135 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 759
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
14. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 14. ACCEPTANCE RECEIVABLES AND PAYABLES
(continued)
f. Cadangan kerugian penurunan nilai f. Allowance for impairment losses
Mutasi cadangan kerugian penurunan nilai tagihan The movements of allowance for impairment losses of
akseptasi adalah: acceptance receivables is as follows:
2023
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 2,068 10,428 - 7,337 19,833 - 19,833 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 1 (1) - - - - - Transfer to Stage 1
Total perpindahan antar tahapan 1 (1) - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 500 - - - 500 - 500 New acceptance receivable originated
Pindah ke Tahap 2 (490) 490 - - - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (1,701) (2,592) - - (4,293) - (4,293) Full or partial repayment
Perubahan pada risiko kredit 12 (7,528) - 114 (7,402) - (7,402) Change in credit risk
Total yang (dikreditkan)/dibebankan pada laba rugi (1,679) (9,630) - 114 (11,195) - (11,195) Total (credited)/charged to profit or loss
Saldo akhir 390 797 - 7,451 8,638 - 8,638 Ending balance
2022
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 3,544 21,813 - 14,209 39,566 - 39,566 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 1 249 (249) - - - - - Transfer to Stage 1
Pindah ke Tahap 2 (10) 10 - - - - - Transfer to Stage 2
Total perpindahan antar tahapan 239 (239) - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 493 - - - 493 - 493 New acceptance receivable originated
Pindah ke Tahap 2 (53) 53 - - - - - Transfer to Stage 2
Pelunasan penuh dan pembayaran sebagian (10) (16,607) - (6,872) (23,489) - (23,489) Full or partial repayment
Perubahan pada risiko kredit (2,145) 5,408 - - 3,263 - 3,263 Change in credit risk
Total yang dikreditkan pada laba rugi (1,715) (11,146) - (6,872) (19,733) - (19,733) Total credited to profit or loss
Saldo akhir 2,068 10,428 - 7,337 19,833 - 19,833 Ending balance
2021
Konvensional/Conventional
Tahap/ Tahap/
Stage 3 Stage 3
Tahap/ Tahap/ Kolektif/ Individual/ Jumlah/ Syariah/ Jumlah/
Stage 1 Stage 2 Collective Individual Total Sharia Total
Saldo awal 95,442 26,043 - 9,606 131,091 - 131,091 Beginning balance
Perubahan pada cadangan kerugian penurunan nilai Changes in allowance for impairment losses
berdasarkan perpindahan antar tahapan: due to transfer within stages:
Pindah ke Tahap 2 (26,709) 26,709 - - - - - Transfer to Stage 2
Total perpindahan antar tahapan (26,709) 26,709 - - - - - Total transfer within stages
Tagihan akseptasi yang baru diberikan 1,776 - - - 1,776 - 1,776 New acceptance receivable originated
Pindah ke Tahap 2 dan 3 (1,669) 5 - 1,664 - - - Transfer to Stage 2 and 3
Pelunasan penuh dan pembayaran sebagian (21,125) (8,886) - - (30,011) - (30,011) Full or partial repayment
Perubahan pada risiko kredit (44,171) (22,058) - 2,939 (63,290) - (63,290) Change in credit risk
Total yang (dikreditkan)/dibebankan pada laba rugi (65,189) (30,939) - 4,603 (91,525) - (91,525) Total (credited)/charged to profit or loss
Saldo akhir 3,544 21,813 - 14,209 39,566 - 39,566 Ending balance
Manajemen berpendapat bahwa jumlah cadangan Management believes that the allowance for
kerugian penurunan nilai yang dibentuk cukup untuk impairment losses is adequate to cover losses arising
menutup kerugian yang timbul akibat tidak tertagihnya from uncollectible acceptance receivable.
tagihan akseptasi.
Halaman – 5/136 – Page
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Page 760
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. PENYERTAAN 15. INVESTMENTS
2023 2022 2021
Metode harga perolehan 4,214 4,214 4,214 Cost method
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (555) (555) (555) impairment losses
3,659 3,659 3,659
Penyertaan saham berdasarkan metode harga perolehan The details of investments in shares based on cost method
adalah: are as follows:
2023 2022 2021
Persentase Nilai Persentase Nilai Persentase Nilai
kepemilikan/ nominal/ kepemilikan/ nominal/ kepemilikan/ nominal/
Jenis usaha/ Percentage of Face Percentage of Face Percentage of Face
Nature of ownership value ownership value ownership value
business (%) Rp (%) Rp (%) Rp
Pihak Ketiga Third parties
PT Bank Muamalat Perbankan/ 0.13 1,000 0.13 1,000 0.13 1,000 PT Bank Muamalat
Indonesia Tbk Banking Indonesia Tbk
PT Sarana Jatim Ventura Modal Ventura/ 5.81 500 5.81 500 5.81 500 PT Sarana Jatim Ventura
Venture Capital
PT Sarana Yogya Ventura Modal Ventura/ 3.89 300 3.89 300 3.94 300 PT Sarana Yogya Ventura
Venture Capital
PT Sarana Sumbar Ventura Modal Ventura/ 3.37 250 3.37 250 3.37 250 PT Sarana Sumbar Ventura
Venture Capital
PT Sarana Bali Ventura Modal Ventura/ 3.81 250 3.81 250 3.81 250 PT Sarana Bali Ventura
Venture Capital
PT Sarana Sulsel Ventura Modal Ventura/ 2.89 250 2.89 250 2.91 250 PT Sarana Sulsel Ventura
Venture Capital
PT Sarana Jateng Ventura Modal Ventura/ 2.62 250 2.62 250 2.62 250 PT Sarana Jateng Ventura
Venture Capital
PT Bhakti Sarana Ventura Modal Ventura/ 2.71 225 2.71 225 2.71 225 PT Bhakti Sarana Ventura
Venture Capital
PT Sarana Papua Ventura Modal Ventura/ 5.63 200 5.63 200 5.63 200 PT Sarana Papua Ventura
Venture Capital
PT Sarana Lampung Ventura Modal Ventura/ 2.52 150 2.52 150 2.52 150 PT Sarana Lampung Ventura
Venture Capital
PT Sarana Surakarta Ventura Modal Ventura/ 1.85 150 1.85 150 1.85 150 PT Sarana Surakarta Ventura
Venture Capital
PT Sarana Kalbar Ventura Modal Ventura/ 2.45 100 2.45 100 2.45 100 PT Sarana Kalbar Ventura
Venture Capital
PT Sarana Sulut Ventura Modal Ventura/ 2.85 100 2.85 100 2.85 100 PT Sarana Sulut Ventura
Venture Capital
PT Sarana Maluku Ventura Modal Ventura/ 2.73 100 2.73 100 2.73 100 PT Sarana Maluku Ventura
Venture Capital
PT Sarana Jambi Ventura Modal Ventura/ 2.24 100 2.24 100 2.24 100 PT Sarana Jambi Ventura
Venture Capital
PT Sarana Riau Ventura Modal Ventura/ 1.35 100 1.35 100 1.35 100 PT Sarana Riau Ventura
Venture Capital
PT Sarana Aceh Ventura Modal Ventura/ 1.32 100 1.32 100 1.32 100 PT Sarana Aceh Ventura
Venture Capital
Lainnya Lembaga pembiayaan/ Others
(dibawah Rp 100 juta) - nilai penuh Leasing 0.05 - 1.52 89 0.05 - 1.52 89 0.05 - 1.52 89 (under Rp 100 millions) - full amount
4,214 4,214 4,214
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (555) (555) (555) impairment losses
3,659 3,659 3,659
Halaman – 5/137 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
15. PENYERTAAN (lanjutan) 15. INVESTMENTS (continued)
Mutasi cadangan kerugian penurunan nilai penyertaan The movements of allowance impairment losses on
adalah sebagai berikut: investment are as follows:
2023 S 2022 2021 S
Saldo awal 555 555 555 Beginning balance
Penghapusan selama tahun berjalan - - - Write off during the year
Saldo akhir 555 555 555 Ending balance
Manajemen berpendapat bahwa jumlah cadangan kerugian Management believes that the above allowance for
penurunan nilai tersebut telah memadai. impairment losses is adequate.
16. ASET TETAP 16. FIXED ASSETS
Aset tetap terdiri dari: Fixed assets consist of the following:
2023 2022 2021
Kepemilikan langsung 6,425,865 6,585,008 5,995,851 Direct ownership
Aset hak- guna 348,871 462,660 626,959 Right-of-use assets
6,774,736 7,047,668 6,622,810
2023
Selisih penilaian
kembali aset tetap/
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluation of 31 Desember/
January Additions Disposals Reclassification fixed assets December 2023
Kepemilikan langsung Direct ownership
Harga perolehan Cost
Tanah 3,591,997 9,710 - - 992 3,602,699 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,098,590 - (2,584) 234,128 184 2,330,318 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,658,552 4,148 (198,988) 224,472 - 2,688,184 and furnitures
Kendaraan bermotor 22,350 7,775 (570) - - 29,555 Motor vehicles
8,371,489 21,633 (202,142) 458,600 1,176 8,650,756
Aset dalam penyelesaian 381,525 262,713 - (458,600) - 185,638 Assets in progress
8,753,014 284,346 (202,142) - 1,176 8,836,394
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 557,110 127,424 (2,584) - - 681,950 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,598,711 312,416 (196,467) - - 1,714,660 and furnitures
Kendaraan bermotor 12,185 2,304 (570) - - 13,919 Motor vehicles
2,168,006 442,144 (199,621) - - 2,410,529
Nilai buku bersih 6,585,008 6,425,865 Net book value
y
Halaman – 5/138 – Page
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Page 762
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
2023
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December 2023
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 865,676 49,333 (261,876) 653,133 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 77,590 - (4,042) 73,548 and furnitures
Kendaraan bermotor 48,073 - (47,821) 252 Motor vehicles
991,339 49,333 (313,739) 726,933
Akumulasi penyusutan Accumulated depreciation
Bangunan 432,463 126,587 (245,003) 314,047 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 51,446 15,706 (3,357) 63,795 and furnitures
Kendaraan bermotor 44,770 60 (44,610) 220 Motor vehicles
528,679 142,353 (292,970) 378,062
Nilai buku bersih 462,660 348,871 Net book value
2022
Selisih penilaian
kembali aset tetap/
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ Revaluation of 31 Desember/
January Additions Disposals Reclassification of fixed assets December
Kepemilikan langsung Direct ownership
Harga perolehan Cost
Tanah 3,050,639 1,017 (21,606) - 561,947 3,591,997 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,070,353 - (216,211) 49,121 195,327 2,098,590 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,733,146 5,169 (329,438) 249,675 - 2,658,552 and furnitures
Kendaraan bermotor 22,191 1,936 (1,777) - - 22,350 Motor vehicles
7,876,329 8,122 (569,032) 298,796 757,274 8,371,489
Aset dalam peyelesaian 386,856 293,465 - (298,796) - 381,525 Assets in progress
8,263,185 301,587 (569,032) - 757,274 8,753,014
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 655,464 115,954 (214,308) - - 557,110 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,600,184 320,438 (321,911) - - 1,598,711 and furnitures
Kendaraan bermotor 11,686 2,126 (1,627) - - 12,185 Motor vehicles
2,267,334 438,518 (537,846) - - 2,168,006
Nilai buku bersih 5,995,851 6,585,008 Net book value
Halaman – 5/139 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
2022
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 891,635 63,471 (89,430) 865,676 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 70,992 6,598 - 77,590 and furnitures
Kendaraan bermotor 48,073 - - 48,073 Motor vehicles
1,010,700 70,069 (89,430) 991,339
Akumulasi penyusutan Accumulated depreciation
Bangunan 311,722 144,750 (24,009) 432,463 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 35,112 16,334 - 51,446 and furnitures
Kendaraan bermotor 36,907 7,863 - 44,770 Motor vehicles
383,741 168,947 (24,009) 528,679
Nilai buku bersih 626,959 462,660 Net book value
2021
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Kepemilikan langsung Direct ownership
Harga perolehan Cost
Tanah 3,024,257 - (353) 26,735 3,050,639 Land
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 2,133,371 5,974 (111,172) 42,180 2,070,353 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 2,792,988 2,758 (405,453) 342,853 2,733,146 and furnitures
Kendaraan bermotor 31,404 168 (9,381) - 22,191 Motor vehicles
7,982,020 8,900 (526,359) 411,768 7,876,329
Aset dalam peyelesaian 795,004 3,620 - (411,768) 386,856 Assets in progress
8,777,024 12,520 (526,359) - 8,263,185
Akumulasi penyusutan Accumulated depreciation
Bangunan, termasuk renovasi Buildings, including renovation
dan instalasi 550,273 122,231 (17,040) - 655,464 and installations
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 1,670,396 301,639 (371,851) - 1,600,184 and furnitures
Kendaraan bermotor 14,379 3,305 (5,998) - 11,686 Motor vehicles
2,235,048 427,175 (394,889) - 2,267,334
Nilai buku bersih 6,541,976 5,995,851 Net book value
Halaman – 5/140 – Page
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Page 764
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
2021
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Aset hak-guna Right-of-use assets
Harga perolehan Cost
Bangunan 534,815 356,820 - 891,635 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 67,292 3,700 - 70,992 and furnitures
Kendaraan bermotor 48,234 - (161) 48,073 Motor vehicles
650,341 360,520 (161) 1,010,700
Akumulasi penyusutan Accumulated depreciation
Bangunan 162,215 149,507 - 311,722 Buildings
Perlengkapan, mesin Office equipments, machines
dan perabot kantor 15,706 19,406 - 35,112 and furnitures
Kendaraan bermotor 24,675 12,232 - 36,907 Motor vehicles
202,596 181,145 - 383,741
Nilai buku bersih 447,745 626,959 Net book value
Rincian keuntungan/(kerugian) penjualan aset tetap (lihat Details of gains/(losses) from the sale of fixed assets (refer
Catatan 43) adalah: to Note 43) are as follows:
2023 2022 2021
Hasil penjualan aset tetap 5,848 18,955 96,100 Proceeds from sale of fixed assets
Nilai buku bersih (772) (22,535) (93,833) Net book value
Keuntungan/(kerugian) penjualan aset tetap 5,076 (3,580) 2,267 Gains/(losses) from the sale of fixed assets
Pengurangan aset tetap termasuk penghapusbukuan aset The disposals of fixed assets include the write-off, damaged
tetap berupa bangunan termasuk renovasi dan instalasi, and after unused buildings including renovation and
perlengkapan, mesin dan perabot kantor, dan kendaraan instalations, office equipments, machines and furnitures,
bermotor yang rusak dan tidak terpakai dengan nilai buku and motor vehicles, with book value of Rp 1,749 for the year
sebesar Rp 1.749 untuk tahun yang berakhir ended 31 December 2023 (2022: Rp 8,651; 2021:
31 Desember 2023 (2022: Rp 8.651; 2021: Rp 37.637). Rp 37,637).
Bank memiliki tanah dengan sertifikat Hak Guna Bangunan Bank has land with “Hak Guna Bangunan” (HGB) titles which
(HGB) yang mempunyai masa manfaat 20 (dua puluh) have an economic useful life of 20 (twenty) to 30 (thirty)
hingga 30 (tiga puluh) tahun. Masa berlaku Hak Guna years. The landrights (HGB) have expiry date ranging from
Bangunan (HGB) berakhir antara 2024 sampai dengan 2024 until 2053. Management believes that there will be no
2053. Manajemen berpendapat tidak terdapat masalah difficulty in obtaining the extension of the landrights as all the
dengan perpanjangan hak atas tanah karena seluruh tanah land was acquired legally and was supported by sufficient
diperoleh secara sah dan didukung dengan bukti evidence of ownership. For HGB which has expired, as of
kepemilikan yang memadai. Untuk HGB yang sudah the date of these financial statements it is in the process of
berakhir, per tanggal laporan keuangan ini sedang dalam being extended.
proses perpanjangan.
Halaman – 5/141 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Seluruh aset tetap yang ada pada tanggal 31 Desember All of the fixed assets as at 31 December 2023, 2022 and
2023, 2022, dan 2021, digunakan untuk menunjang aktivitas 2021, were fully used to support Bank CIMB Niaga and
operasi Bank CIMB Niaga dan Entitas Anak. Pada tanggal Subsidiaries’ operation activities. As at 31 December 2023,
31 Desember 2023, beberapa aset tersebut sudah several assets were fully depreciated and still used by Bank
disusutkan penuh dan masih digunakan dalam operasi Bank CIMB Niaga and Subsidiaries in its operation amounting to
CIMB Niaga dan Entitas Anak sebesar Rp 1.161.347 Rp 1,161,347 (2022: Rp 1,119,938; 2021: Rp 1,177,436).
(2022: Rp 1.119.938; 2021: Rp 1.177.436).
Pada tanggal 31 Desember 2023, aset tetap berupa As at 31 December 2023, fixed assets including buildings
bangunan dan kendaraan bermotor telah diasuransikan and motor vehicles has been insured against fire, theft and
terhadap risiko kebakaran, kecurian dan risiko lainnya other risks to PT Lippo General Insurance Tbk with an
kepada PT Lippo General Insurance Tbk dengan nilai insurance amounting to Rp 6,644,852 and
pertanggungan sebesar Rp 6.644,852 dan USD 5,28 juta USD 5.28 million (2022: Rp 6,683,530 and USD 5.61 million;
(2022: Rp 6.683.530 dan USD 5,61 juta; 2021: Rp 7.818.119 2021: Rp 7,818,119 and USD 5.72 million). Management
dan USD 5,72 juta). Manajemen berpendapat bahwa nilai believes that the insured amount is adequate to cover
pertanggungan tersebut cukup untuk menutup kemungkinan possible losses of these assets.
kerugian atas aset yang diasuransikan.
Manajemen berpendapat tidak terdapat indikasi penurunan Management believes that there is no indication of fixed
nilai atas aset tetap yang dimiliki Bank CIMB Niaga dan asset impairment in the value of Bank CIMB Niaga and
Entitas Anak. Subsidiaries fixed assets.
Aset dalam pembangunan terdiri dari tanah, bangunan Assets in progress comprised of the land, buildings
termasuk renovasi dan instalasi, perlengkapan, mesin, including renovation and installations, office equipments,
perabot kantor dan kendaraan bermotor. Konstruksi tersebut machines, furnitures, and motor vehicles. Those
diperkirakan akan selesai di tahun 2024 sampai dengan constructions are estimated to be completed in 2024 until
tahun 2025 dengan persentase penyelesaian hingga saat ini 2025 with current percentages of completion of 70% - 80%.
adalah 70% - 80%.
Tidak terdapat aset tetap yang digunakan Bank CIMB Niaga There are no fixed assets pledged by Bank CIMB Niaga and
dan Entitas Anak sebagai jaminan pinjaman. Subsidiaries for collateral.
Revaluasi aset tetap Revaluation fixed assets
Pada tanggal 31 Januari 2023 terdapat penambahan As at 31 January 2023 there was additional of revaluation of
penilaian kembali aset tetap atas satu lokasi tanah dan fixed assets in one location of land and building which
bangunan yang dilakukan oleh penilai independen eksternal, performed by the following external independent valuer,
KJPP Rizki Djunaedy & Rekan dalam Ringkasan Laporan KJPP Rizki Djunaedy & Rekan the Summary Valuation
Penilaian No. KJPP 00011/2.0017-07/PI/07/00594/1/I/2023 Report No. KJPP 00011/2.0017-07/PI/07/00594/1/I/2023
tertanggal 31 Januari 2023 yang ditandatangani oleh dated 31 January 2023 which signed by H. Wiyarso, SE.,
H. Wiyarso, SE., MM., MAPPI (Cert), Ijin Penilai Menkeu R.I. MM., MAPPI (Cert), Ijin Penilai Menkeu R.I. No.
No. P-1.21.00594, MAPPI No. 14-S-04932. P-1.21.00594, MAPPI No. 14-S-04932.
Penambahan penilaian kembali aset tetap pada Januari The addition of the revaluation of fixed assets in January
2023 tersebut menambah nilai selisih penilaian kembali aset 2023 increase the reserve on revaluation of fixed assets of
tetap sebesar Rp 1.176 (tanah: Rp 992 dan bangunan: Rp 1,176 (land: Rp 992 and buildings: Rp 184).
Rp 184).
Halaman – 5/142 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Revaluasi aset tetap (lanjutan) Revaluation fixed assets (continued)
Penilaian atas nilai wajar aset tetap dilakukan secara Valuation of fixed assets at fair value are performed regularly
berkala (3 - 5 tahun). Pada tanggal 1 Januari 2022 (3 - 5 years). On 1 January 2022 (previously was revaluated
(sebelumnya telah direvaluasi pada tanggal on 1 January 2019), Bank CIMB Niaga did revaluation again
1 Januari 2019), Bank CIMB Niaga melakukan penilaian of their fixed assets which performed by the following
kembali aset tetap yang dilakukan oleh penilai independen external independent valuer, KJPP Antonius Setiady &
eksternal, KJPP Antonius Setiady & Rekan dalam Rekan in the Summary Valuation Report No. KJPP
Ringkasan Laporan Penilaian No. KJPP 00063/2.0029- 00063/2.0029-00/PI/07/0007/I/III/2022 dated 11 March 2022
00/PI/07/0007/I/III/2022 tertanggal 11 Maret 2022 yang which signed by Andrius Hermawan, MAPPI (Cert), Ijin
ditandatangani oleh Andrius Hermawan, MAPPI (Cert), Ijin Penilai Menkeu R.I. No. P-1.08.00007, MAPPI
Penilai Menkeu R.I. No. P-1.08.00007, MAPPI No. 93-S- No. 93-S-00338 of the assets valuation done from
00338 atas penilaian atas aset yang dilakukan pada tanggal 18 November 2021 to 31 December 2021.
18 November 2021 sampai dengan 31 Desember 2021.
Penilaian kembali aset tetap pada Januari 2022 menambah Revaluation of fixed asset on January 2022 has increased
nilai buku sebelum dan sesudah revaluasi dari Rp 4.316.164 the carrying value before and after revaluation from
(tanah: Rp 3.015.455 dan bangunan: Rp 1.300.709) Rp 4,316,164 (land: Rp 3,015,455 and building:
menjadi Rp 5.083.089 (tanah: Rp 3.585.851 dan bangunan: Rp 1,300,709) to Rp 5,083,089 (land: Rp 3,585,851 and
Rp 1.497.238) termasuk koreksi pencatatan atas tanah dan building: Rp 1,497,238) including adjustment of land and
bangunan dari aset tetap menjadi aset sewa yang buildings from fixed asset to leased asset resulting
menghasilkan penyesuaian surplus revaluasi Rp 9.584 revaluation surplus adjustment of Rp 9,584 so the increase
sehingga nilai kenaikan “Selisih penilaian kembali aset and resulting in “Reserve on revaluation of fixed assets” in
tetap” pada bagian ekuitas menjadi sebesar the equity section amounting to Rp 757,341.
Rp 757.341.
Penilaian dilakukan berdasarkan Standar Penilaian Valuations are performed based on Indonesian Valuation
Indonesia, ditentukan berdasarkan transaksi pasar terkini Standards based on reference to recent market transactions
dan dilakukan dengan ketentuan-ketentuan yang lazim. done on arm’s length terms. The valuation method used is
Metode penilaian yang dipakai adalah metode tingkat method level 2 namely market data approach and cost
2 yaitu metode data pasar dan metode biaya. approach.
Analisis aset tetap yang dicatat pada nilai wajar berdasarkan Analysis of fixed assets carried at fair value by level of
tingkatan metode penilaian sebagai berikut: valuation method defines as follows:
- Tingkat 1 - Level 1
Harga kuotasian (tidak disesuaikan) dari pasar aktif Quoted price (unadjusted) in active markets for identical
untuk aset atau liabilitas yang identik. assets or liabilities.
- Tingkat 2 - Level 2
Input selain harga kuotasian yang termasuk dalam Input other than quoted prices included within level 1
tingkat 1 yang dapat diobservasi untuk aset dan that are observable for asset and liabilities, either
liabilitas, baik secara langsung (yaitu sebagai suatu directly (that is as a price) or indirectly (derived from
harga) atau secara tidak langsung (sebagai turunan price).
dari harga).
- Tingkat 3 - Level 3
Input untuk aset atau liabilitas yang tidak didasarkan Input for asset or liability that are not based on
pada data pasar yang dapat diobservasi (informasi observable market data (unobservable inputs).
yang tidak dapat diobservasi).
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
16. ASET TETAP (lanjutan) 16. FIXED ASSETS (continued)
Revaluasi aset tetap (lanjutan) Revaluation fixed assets (continued)
Nilai wajar tingkat 2 atas aset dihitung dengan menggunakan Level 2 fair values of assets are calculated using the
pendekatan perbandingan harga pasar dan estimasi biaya comparable market data approach and cost reproduction or
reproduksi baru atau biaya pengganti baru. Harga pasar aset cost replacement approach. The approximate market prices
yang paling mendekati disesuaikan dengan perbedaan of comparable assets are adjusted for differences in key
atribut utama seperti ukuran aset, lokasi dan penggunaan attributes such as assets size, location and use of an asset.
aset. Untuk kedua pendekatan di atas, input yang paling For the two above approaches, the most significant input into
signifikan dalam pendekatan penilaian ini adalah asumsi this valuation approach is price per square meter
harga per meter. assumptions.
Tidak terdapat perpindahan antar tingkat selama tahun There were no transfers between levels during the year.
berjalan.
Jika tanah dan bangunan dicatat sebesar harga perolehan, If land and buildings were presented on historical cost basis,
maka per 31 Desember 2023, 2022, dan 2021, dicatat as of 31 December 2023, 2022, and 2021, the amount would
dalam jumlah sebagai berikut: be as follows:
2023 2022 2021
Harga perolehan Cost
Tanah 551,102 541,392 561,981 Land
Bangunan 1,493,177 1,261,633 1,428,723 Buildings
Akumulasi penyusutan (1,294,172) (1,213,344) (1,132,766) Accumulated depreciation
Nilai buku 750,107 589,681 857,938 Net book value
Manajemen berpendapat tidak terdapat perbedaan yang Management believes there is no significant difference
signifikan antara nilai wajar aset tetap dengan nilai between the fair value and carrying value of fixed assets.
tercatatnya.
17. ASET TAKBERWUJUD 17. INTANGIBLE ASSETS
2023
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December 2023
Harga perolehan Cost
Aset takberwujud 3,826,289 1,773 (306,491) 227,726 3,749,297 Intangible asset
Aset dalam penyelesaian 427,832 417,190 - (227,726) 617,296 Assets in progress
4,254,121 418,963 (306,491) - 4,366,593
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 2,177,301 420,951 (306,315) - 2,291,937 Intangible asset
2,177,301 420,951 (306,315) - 2,291,937
Nilai buku bersih 2,076,820 2,074,656 Net book value
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
17. ASET TAKBERWUJUD (lanjutan) 17. INTANGIBLE ASSETS (continued)
2022
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Harga perolehan Cost
Aset takberwujud 3,204,592 13,214 (100) 608,583 3,826,289 Intangible asset
Aset dalam penyelesaian 538,307 498,108 - (608,583) 427,832 Assets in progress
3,742,899 511,322 (100) - 4,254,121
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 1,709,677 467,665 (41) - 2,177,301 Intangible asset
1,709,677 467,665 (41) - 2,177,301
Nilai buku bersih 2,033,222 2,076,820 Net book value
2021
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December
Harga perolehan Cost
Aset takberwujud 3,017,379 1,118 (208,360) 394,455 3,204,592 Intangible asset
Aset dalam penyelesaian 360,103 572,659 - (394,455) 538,307 Assets in progress
3,377,482 573,777 (208,360) - 3,742,899
Akumulasi amortisasi Accumulated amortisation
Aset takberwujud 1,612,272 273,053 (175,648) - 1,709,677 Intangible asset
1,612,272 273,053 (175,648) - 1,709,677
Nilai buku bersih 1,765,210 2,033,222 Net book value
Pengurangan aset takberwujud seluruhnya merupakan All disposal of intangible assets are write-off of unused
penghapusbukuan aset takberwujud yang tidak terpakai intangible assets with net book value of Rp 176 for the year
dengan nilai buku bersih sebesar Rp 176 untuk tahun yang ended 31 December 2023 (2022: Rp 59; 2021: Rp 32,712).
berakhir 31 Desember 2023 (2022: Rp 59; 2021: Rp 32.712).
Seluruh aset takberwujud yang ada pada tanggal All of the intangible assets as at 31 December 2023, 2022,
31 Desember 2023, 2022, dan 2021, digunakan untuk and 2021 are fully used to support Bank CIMB Niaga and
penunjang aktivitas operasional Bank CIMB Niaga dan Subsidiaries’ operational activities. Several assets are fully
Entitas Anak. Beberapa aset tersebut sudah diamortisasi amortised and still being used by Bank CIMB Niaga and
penuh dan masih digunakan dalam operasi Bank CIMB Subsidiaries in its operation amounting to Rp 750,349
Niaga dan Entitas Anak sebesar Rp 750.349 (2022: Rp 965,272; 2021: Rp 936,362).
(2022: Rp 965.272; 2021: Rp 936.362).
Aset dalam penyelesaian pada tanggal 31 Desember 2023, Assets in progress as at 31 December 2023, mainly
sebagian besar berkaitan dengan proyek aplikasi-aplikasi comprised of application related to banking system
banking system yang diperkirakan selesai di tahun 2024 applications project which are estimated to be completed in
sampai dengan 2025 dengan persentase penyelesaian 2024 until 2025 with current percentages of completion of
hingga saat ini adalah 70%-80%. 70%-80%.
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Page 769
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
18. ASET YANG DIAMBIL ALIH 18. FORECLOSED ASSETS
Agunan yang diambil alih untuk penyelesaian kredit dan Foreclosed assets in settlement of loans and consumer
piutang pembiayaan konsumen dicatat dalam akun “Aset financing receivable are included under “Foreclosed Assets”
yang Diambil Alih” (AYDA). Rincian dalam akun ini adalah: account. The details in this account are as follows:
2023 2022 2021
Aset yang diambil alih 470,293 371,090 369,275 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (233,813) (136,538) (145,591) impairment losses
236,480 234,552 223,684
Sesuai dengan POJK No. 40/POJK.03/2019 tanggal In accordance with POJK No. 40/POJK.03/2019 dated
1 Januari 2020 tentang Penilaian Kualitas Aset Bank Umum, 1 January 2020 regarding with Assessment of Asset Quality
dan khususnya untuk AYDA, Bank CIMB Niaga senantiasa of Commercial Banks, and particularly on the foreclosed
memantau umur agunan aset yang diambil alih dan assets, Bank CIMB Niaga always monitors the aging of
berusaha melakukan upaya penyelesaian terhadap AYDA foreclosed assets and tries to make efforts to settle its
yang dimiliki. foreclosed assets.
Mutasi cadangan kerugian penurunan nilai AYDA adalah: The changes in allowance for impairment losses of
foreclosed assets are as follows:
2023 2022 2021September 2021
Saldo awal 136,538 145,591 143,478 Beginning balance
Pembentukan selama periode Impairment during the period
berjalan (lihat Catatan 38) 150,368 40,789 36,388 (refer to Note 38)
Pengurangan selama tahun berjalan (53,093) (49,842) (34,275) Release during the years
Saldo akhir 233,813 136,538 145,591 Ending balance
Manajemen berpendapat bahwa cadangan kerugian Management believes that the above allowance for
penurunan nilai yang telah dibentuk adalah cukup untuk impairment losses is adequate to cover possible losses on
menutup kemungkinan kerugian atas AYDA. foreclosed assets.
19. PENDAPATAN BUNGA YANG MASIH AKAN DITERIMA 19. ACCRUED INTEREST INCOME
2023 2022 2021
Piutang bunga dari kredit Interest receivable
yang diberikan 2,037,161 2,016,343 2,044,915 from loans
Piutang bunga dari Interest receivable from
penempatan pada bank lain dan placements with other banks and
Bank Indonesia, efek-efek, Obligasi Bank Indonesia, marketable securities,
Pemerintah dan efek-efek yang dibeli Government Bonds and securities
dengan janji dijual kembali 1,377,036 907,425 901,510 purchased under resale agreements
3,414,197 2,923,768 2,946,425
Termasuk ke dalam piutang bunga dari kredit yang diberikan Included in interest receivables from loans are profit sharing
adalah piutang bagi hasil untuk kontrak dengan akad receivables for contracts with sharia basis.
syariah.
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Page 770
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
19. PENDAPATAN BUNGA YANG MASIH AKAN DITERIMA 19. ACCRUED INTEREST INCOME (continued)
(lanjutan)
Piutang bunga dari kredit yang diberikan merupakan Interest receivables from loans which are classified as pass
kolektibilitas lancar pada tanggal 31 Desember 2023 adalah at 31 December 2023 are Rp 1,044,663 (2022:
Rp 1.044.663 (2022: Rp 1.109.443; 2021: Rp 1.354.068) Rp 1,109,443; 2021: Rp 1,354,068) and as special mention
dan kolektibilitas dalam perhatian khusus pada tanggal at 31 December 2023 are Rp 992,498 (2022: Rp 906,900;
31 Desember 2023 adalah Rp 992.498 (2022: Rp 906.900; 2021: Rp 690,847). Interest receivables from placements
2021: Rp 690.847). Piutang bunga dari penempatan pada with other banks and Bank Indonesia, marketable securities,
bank lain dan Bank Indonesia, efek-efek, Obligasi Government Bonds, and securities purchased under resale
Pemerintah, dan efek-efek yang dibeli dengan janji dijual agreements are classified as pass at 31 December 2023
kembali merupakan kolektibilitas lancar pada tanggal are Rp 1,377,036 (2022: Rp 907,425; 2021: Rp 901,510).
31 Desember 2023 adalah Rp 1.377.036 (2022: Rp 907.425;
2021: Rp 901.510).
20. BEBAN DIBAYAR DI MUKA 20. PREPAID EXPENSES
2023 2022 2021
Insentif dibayar dimuka 352,295 336,231 309,709 Prepaid incentives
Hadiah untuk nasabah 267,886 220,119 266,760 Gifts for customers
Sewa 122,138 55,057 83,420 Rental
Beban ditangguhkan terkait pinjaman Deferred expense relating to
karyawan 119,993 131,636 123,981 employee loans
Pemeliharaan terkait hardware dan Maintenance of hardware and
software 109,464 195,215 212,223 software
Persediaan dan inventaris kantor 104,587 55,614 14,968 Inventory and office equipment
Gedung, pemeliharaan dan renovasi 54,669 61,882 57,311 Building, maintenance and renovation
Promosi produk dan komunikasi 19,337 25,469 21,137 Promotion product and communication
Premi asuransi 11,005 15,416 14,316 Insurance premium
Kepemilikan Saham (EOP) 7,427 7,047 10,627 Equity Ownership (EOP)
Lainnya 26,393 15,943 24,254 Others
1,195,194 1,119,629 1,138,706
Beban dibayar di muka dari pihak berelasi diungkapkan Prepaid expenses from related parties are disclosed in
dalam Catatan 48. Note 48.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
21. ASET LAIN-LAIN 21. OTHER ASSETS
2023 2022 2021
Tagihan terkait dengan transaksi Receivables related to ATM and
ATM dan kartu kredit 1,016,598 1,162,449 636,117 credit card transactions
Tagihan terkait dengan transaksi Receivables related to
ekspor dan impor 677,554 732,254 852,730 export and import transaction
Tagihan terkait dengan transaksi Receivables related to defaulted
derivatif gagal bayar 429,499 429,499 429,499 derivative transactions
Tagihan Anjak Piutang 53,177 678,972 366,582 Factoring
Tagihan terkait dengan Receivables related to
komisi asuransi 50,000 45,000 45,000 insurance commission
Setoran jaminan 36,942 31,593 31,633 Security deposits
Properti terbengkalai 1,739 1,739 1,739 Abandoned properties
Piutang Salam - 2,137,521 - Salam Receivable
Tagihan atas penjualan efek-efek dan Obligasi Receivables related to the sale of marketable
Pemerintah dan Lainnya*) 2,871,232 1,676,926 2,027,398 securities and Government Bonds and Others*)
5,136,741 6,895,953 4,390,698
Dikurangi: Less:
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas tagihan terkait transaksi on receivables related to
derivatif gagal bayar (429,499) (429,499) (429,499) defaulted derivatives transactions
Cadangan kerugian penurunan nilai Allowance for impairment losses
atas aset lainnya (73,209) (220,588) (22,918) on other assets
(502,708) (650,087) (452,417)
4,634,033 6,245,866 3,938,281
*) Lainnya termasuk tagihan kliring Others include receivable from clearing *)
Atas tagihan terkait dengan transaksi derivatif gagal bayar, For receivables relating to defaulted derivative transactions,
Bank CIMB Niaga telah membentuk penyisihan penuh untuk Bank CIMB Niaga has provided full allowance to cover the
menutup kerugian yang mungkin timbul akibat tidak possible losses which may arise from failure to collect the
tertagihnya tagihan tersebut. receivables.
Properti terbengkalai merupakan aset tetap yang dimiliki The abandoned properties are fixed assets held by Bank
Bank CIMB Niaga tetapi tidak digunakan untuk kegiatan CIMB Niaga but not used for its customary banking business
usaha perbankan yang lazim sesuai dengan POJK based on POJK No. 40/POJK.03/2019 regarding
No. 40/POJK.03/2019 tentang Penilaian Kualitas Aset Bank Assessment of Asset Quality of Commercial Banks.
Umum.
Properti terbengkalai pada tanggal 31 Desember 2023 terdiri The abandoned properties as at 31 December 2023 consist
atas tanah dengan nilai tercatat sebesar Rp 1.739 of land with carrying value amounting to Rp 1,739
(2022 dan 2021: Rp 1.739). (2022 and 2021: Rp 1,739).
Manajemen berpendapat bahwa cadangan kerugian Management believes that the allowance for impairment
penurunan nilai yang dibentuk atas aset lain-lain telah losses on other assets is adequate.
memadai.
Aset lain-lain dengan pihak berelasi diungkapkan pada Other assets with related parties are disclosed in Note 48.
Catatan 48.
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Page 772
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
22. LIABILITAS SEGERA 22. OBLIGATIONS DUE IMMEDIATELY
2023 2022 2021
Titipan transfer 1,535,538 983,122 993,477 Transfer liabilities
Titipan merchant 360,024 531,704 121,945 Merchant liabilities
Titipan Visa card 223,542 165,111 95,200 Visa card liabilities
Titipan umum 113,378 80,119 54,182 General liabilities
Titipan Master card 46,368 60,606 74,576 Master card liabilities
Liabilitas atas pembelian efek-efek dan Liabilities related to the purchase of marketable
Obligasi Pemerintah dan Lainnya 1,303,071 1,884,432 1,900,011 securities and Government Bonds and Others
3,581,921 3,705,094 3,239,391
Liabilitas segera dengan pihak berelasi diungkapkan pada Obligations due immediately with related parties are
Catatan 48. disclosed in Note 48.
23. SIMPANAN DARI NASABAH - GIRO 23. DEPOSITS FROM CUSTOMERS - DEMAND DEPOSITS
Berdasarkan mata uang, pihak berelasi, dan pihak ketiga By currency, related parties, and third parties
2023 2022 2021
Pihak berelasi Related parties
Rupiah 271,380 200,462 168,886 Rupiah
Dolar Amerika Serikat 22,433 29,642 30,911 United States Dollar
293,813 230,104 199,797
Pihak ketiga Third parties
Rupiah 57,135,275 55,796,979 56,235,563 Rupiah
Dolar Amerika Serikat 13,756,428 13,487,186 18,168,112 United States Dollar
Mata uang asing lainnya 2,016,287 825,747 873,834 Other foreign currencies
72,907,990 70,109,912 75,277,509
73,201,803 70,340,016 75,477,306
Giro dari pihak berelasi diungkapkan dalam Catatan 48. Demand deposits from related parties are disclosed in
Informasi mengenai tingkat suku bunga dan jatuh tempo Note 48. Information in respect of interest rates and
diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Notes 53 and 55.
Pada tanggal 31 Desember 2023, giro yang didasarkan pada As at 31 December 2023, demand deposits based on sharia
prinsip perbankan syariah adalah Rp 11.362.136 banking principles amounting to Rp 11,362,136
(2022: Rp 8.369.625; 2021: Rp 4.461.131). (2022: Rp 8,369,625; 2021: Rp 4,461,131).
Pada tanggal 31 Desember 2023, giro sebesar Rp 155.792 As at 31 December 2023, demand deposits amounting to
yang dijadikan jaminan atas kredit yang diberikan Bank Rp 155,792 was pledged as collateral for the loans granted
(2022: Rp 9.230; 2021: Rp 9.160). by the Bank (2022: Rp 9,230; 2021: Rp 9,160).
Terkait dengan ketentuan nilai penjaminan simpanan dari Related to the amount of deposit guaranteed regulation of
nasabah - giro, lihat Catatan 24. deposit from customer - demand deposits, refer to Note 24.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
24. SIMPANAN DARI NASABAH - TABUNGAN 24. DEPOSITS FROM CUSTOMERS - SAVING DEPOSITS
Berdasarkan mata uang, pihak berelasi, dan pihak ketiga By currency, related parties, and third parties
2023 2022 2021
Pihak berelasi Related parties
Rupiah 219,624 196,109 148,555 Rupiah
Dolar Amerika Serikat 19,346 25,379 20,927 United States Dollar
Mata uang asing lainnya 14,820 18,421 2,044 Other foreign currencies
253,790 239,909 171,526
Pihak ketiga Third parties
Rupiah 66,148,534 65,261,812 62,552,807 Rupiah
Dolar Amerika Serikat 6,430,303 6,765,464 8,164,891 United States Dollar
Mata uang asing lainnya 4,598,197 1,818,351 1,675,909 Other foreign currencies
77,177,034 73,845,627 72,393,607
77,430,824 74,085,536 72,565,133
Tabungan dari pihak berelasi diungkapkan dalam Saving deposits from related parties are disclosed in
Catatan 48. Informasi mengenai tingkat suku bunga dan jatuh Note 48. Information in respect of interest rates and
tempo diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Note 53 and 55.
Berdasarkan Undang-Undang No. 24 tentang Lembaga Based on Law No. 24 concerning the Indonesia Deposit
Penjaminan Simpanan (”LPS”) tanggal 22 September 2004, Insurance Agency (“LPS”) dated 22 September 2004,
efektif sejak tanggal 22 September 2005, sebagaimana diubah effective on 22 September 2005, which was amended by
dengan Undang-Undang No. 7 Tahun 2009 tanggal 13 Januari Law No. 7 Year 2009 dated 13 January 2009 regarding with
2009 tentang Penetapan Peraturan Pemerintah Pengganti the Determination of Government Regulation as Substitution
Undang-Undang No. 3 Tahun 2008, LPS dibentuk untuk of Law No. 3 Year 2008, LPS was formed to guarantee
menjamin liabilitas tertentu bank-bank umum berdasarkan certain liabilities of commercial banks under the applicable
program penjaminan yang berlaku, yang besaran nilai guarantee program, which the amount of guarantee can be
jaminannya dapat berubah jika memenuhi kriteria tertentu yang adjusted if meet certain criteria.
berlaku.
Selama tahun 2023, 2022 dan 2021, suku bunga penjaminan During 2023, 2022 and 2021, the guarantee interest rate of
LPS telah mengalami beberapa kali perubahan melalui Surat LPS has undergone several changes through the LPS
Edaran LPS, dimana terakhir diatur melalui Surat Edaran Circular Letter, where the latest changes was regulated by
Nomor PENG-11/DSPS/2023 tentang Penetapan Tingkat Circular Letter Number PENG-11/DSPS/2023 concerning
Bunga Penjaminan Untuk Simpanan Di Bank Umum tertanggal Determination of Guarantee Interest Rates for Deposits at
26 September 2023 dimana tingkat bunga penjaminan untuk Commercial Banks dated 26 September 2023 where the
simpanan dalam Rupiah sebesar 4,25% dan untuk simpanan guaranteed interest rate for deposits in Rupiah are 4.25%
dalam valuta asing sebesar 2,25%. and for deposits in foreign currencies are 2.25%.
Pada tanggal 31 Desember 2023, tabungan didasarkan pada As at 31 December 2023, saving deposits based on sharia
prinsip perbankan syariah adalah Rp 14.906.917 banking principles amounting to Rp 14,906,917
(2022: Rp 11.878.485; 2021: Rp 10.810.678). (2022: Rp 11,878,485; 2021: Rp 10,810,678).
Pada tanggal 31 Desember 2023, tabungan sebesar As at 31 December 2023, saving deposits amounting to
Rp 904.250 yang dijadikan jaminan atas kredit yang Rp 904,250 was pledged as collateral for the loans granted
diberikan Bank (2022: Rp 769.278; 2021: Rp 364.879). by the Bank (2022: Rp 769,278; 2021: Rp 364,879).
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SIMPANAN DARI NASABAH - DEPOSITO BERJANGKA 25. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
a. Berdasarkan mata uang, pihak berelasi, dan pihak a. By currency, related parties, and third parties
ketiga
2023 2022 2021
Diukur pada biaya perolehan diamortisasi Measured at amortised cost
Pihak berelasi Related parties
Rupiah 58,492 29,823 28,581 Rupiah
Dolar Amerika Serikat 6,614 4,159 841 United States Dollar
Mata uang asing lainnya 2,927 3,255 - Other foreign currencies
68,033 37,237 29,422
Pihak ketiga Third parties
Rupiah 56,026,351 52,280,411 66,105,560 Rupiah
Dolar Amerika Serikat 5,973,477 11,029,707 14,531,653 United States Dollar
Mata uang asing lainnya 4,177,651 3,827,286 175,415 Other foreign currencies
66,177,479 67,137,404 80,812,628
Diukur pada nilai wajar melalui laba rugi Measured at fair value through profit or loss
Pihak ketiga Third parties
Rupiah 17,716,653 14,086,652 11,138,375 Rupiah
Dolar Amerika Serikat 1,266,878 1,501,712 1,325,646 United States Dollar
18,983,531 15,588,364 12,464,021
85,229,043 82,763,005 93,306,071
b. Berdasarkan jangka waktu kontrak b. By period of contract
2023 2022 2021
< 1 bulan 5,644,249 6,203,160 9,674,265 < 1 month
> 1 - < 3 bulan 25,113,626 39,328,084 37,601,423 > 1 - < 3 months
> 3 - < 6 bulan 22,054,914 9,756,680 15,253,619 > 3 - < 6 months
> 6 - < 12 bulan 6,398,290 6,042,975 12,946,545 > 6 - < 12 months
> 12 bulan 26,017,964 21,432,106 17,830,219 > 12 months
85,229,043 82,763,005 93,306,071
c. Berdasarkan jatuh tempo c. By maturity
2023 2022 2021
< 1 bulan 37,667,260 44,175,647 40,337,048 < 1 month
> 1 - < 3 bulan 19,256,213 13,750,129 28,823,559 > 1 - < 3 months
> 3 - < 12 bulan 10,243,660 9,210,391 11,573,970 > 3 - < 12 months
> 1 - < 5 tahun 11,237,916 11,974,984 12,292,828 > 1 - < 5 years
> 5 tahun 6,823,994 3,651,854 278,666 > 5 years
85,229,043 82,763,005 93,306,071
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PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 775
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
25. SIMPANAN DARI NASABAH - DEPOSITO BERJANGKA 25. DEPOSITS FROM CUSTOMERS - TIME DEPOSITS
(lanjutan) (continued)
Deposito berjangka dari pihak berelasi diungkapkan dalam Time deposits from related parties are disclosed in
Catatan 48. Informasi mengenai tingkat suku bunga dan Note 48. Information in respect to interest rates and
jatuh tempo diungkapkan pada Catatan 53 dan 55. maturities are disclosed in Notes 53 and 55.
Pada tanggal 31 Desember 2023, deposito berjangka As at 31 December 2023, time deposits based on sharia
berdasarkan prinsip perbankan syariah adalah banking principles amounting to Rp 18,647,077
Rp 18.647.077 (2022: Rp 19.259.786; 2021: Rp 26.240.184). (2022: Rp 19,259,786; 2021: Rp 26,240,184).
Pada tanggal 31 Desember 2023, deposito berjangka As at 31 December 2023, time deposits amounting to
sebesar Rp 5.387.367 dijadikan jaminan atas kredit yang Rp 5,387,367 was pledged as collateral for the loans
diberikan oleh Bank CIMB Niaga (2022: Rp 5.680.479 ; 2021: granted by Bank CIMB Niaga (2022: Rp 5,680,479; 2021:
Rp 5.194.888). Rp 5,194,888).
Terkait dengan ketentuan nilai penjaminan simpanan dari Related to the amount of deposit guaranteed regulation of
nasabah - deposito berjangka, lihat Catatan 24. deposit from customer - time deposits, refer to Note 24.
26. SIMPANAN DARI BANK LAIN - GIRO DAN TABUNGAN 26. DEPOSITS FROM OTHER BANKS - DEMAND AND
SAVING DEPOSITS
Berdasarkan jenis dan mata uang By type and currency
2023 2022 2021
Giro Demand deposits
Rupiah 1,214,132 844,847 903,938 Rupiah
Dolar Amerika Serikat 162,596 160,927 146,093 United States Dollar
Mata uang asing lainnya 115,102 123,276 94,755 Other foreign currencies
1,491,830 1,129,050 1,144,786
Tabungan Saving deposits
Rupiah 13,965 17,813 13,410 Rupiah
1,505,795 1,146,863 1,158,196
Termasuk dalam mata uang asing lainnya adalah Yen Included in other foreign currencies are Japanese Yen,
Jepang, Dolar Australia, Euro, Dolar Selandia Baru, Pound Australian Dollar, Euro, New Zealand Dollar, Great Britain
Sterling Inggris, dan Dolar Singapura. Pound Sterling, and Singapore Dollar.
Pada tanggal 31 Desember 2023, giro dan tabungan dari As at 31 December 2023, demand deposits and saving from
pihak berelasi adalah Rp 93.887 (2022: Rp 194.840; 2021: related parties amounting to Rp 93,887 (2022: Rp 194,840;
Rp 99.672) (lihat Catatan 48). 2021: Rp 99,672) (refer to Note 48).
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were no
terdapat simpanan dari bank lain – giro dan tabungan yang deposits from other banks – demand and saving deposits
dijadikan jaminan atas kredit yang diberikan Bank CIMB pledged as collateral for the loans granted by Bank CIMB
Niaga. Niaga.
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PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 776
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
27. SIMPANAN DARI BANK LAIN - INTER-BANK CALL 27. DEPOSITS FROM OTHER BANKS - INTER-BANK CALL
MONEY DAN DEPOSITO BERJANGKAALNEY MONEY AND TIME DEPOSITS ER-BANK CALL MONEY
a. Berdasarkan mata uang a. By currency
2023 2022 2021
Inter-bank Call Money Inter-bank Call Money
Rupiah - 1,100,000 1,100,000 Rupiah
Dolar Amerika Serikat - - 641,363 United States Dollar
- 1,100,000 1,741,363
Deposito Berjangka Time Deposits
Rupiah 254,566 259,062 159,812 Rupiah
Dolar Amerika Serikat 86 87 80 United States Dollar
254,652 259,149 159,892
254,652 1,359,149 1,901,255
b. Berdasarkan jangka waktu kontrak b. By contract period
2023 2022 2021
< 1 bulan 111,935 1,222,844 650,898 < 1 month
> 1 - < 3 bulan 27,548 15,812 1,116,390 > 1 - < 3 months
> 3 - < 6 bulan 1,600 600 108,371 > 3 - < 6 months
> 6 - < 12 bulan 3,254 3,754 10,879 > 6 - < 12 months
> 12 bulan 110,315 116,139 14,717 > 12 months
254,652 1,359,149 1,901,255
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were no
terdapat saldo simpanan dari bank lain - inter-bank call deposits from other banks - inter-bank call money and time
money dan deposito berjangka dari pihak berelasi. deposits from related party.
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rate and maturity is
diungkapkan pada Catatan 53 dan 55. disclosed in Note 53 and 55.
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there were no
terdapat simpanan dari bank lain - inter-bank call money dan deposits from other banks - inter-bank call money and time
deposito berjangka yang dijadikan jaminan atas kredit yang deposits pledged as loans collateral.
diberikan.
Pada tanggal 31 Desember 2023, terdapat simpanan dari As at 31 December 2023, there were deposits from other
bank lain - deposito berjangka yang diukur pada nilai wajar banks - time deposits measured at fair value through profit
melalui laba rugi sebesar Rp 4.206 (2022: Rp 4.500; or loss amounting to Rp 4,206 (2022: Rp 4,500; 2021: nil)
2021: nihil).
Halaman – 5/153 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 777
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. EFEK-EFEK YANG DITERBITKAN 28. MARKETABLE SECURITIES ISSUED
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Obligasi Berkelanjutan II Bank CIMB Niaga The Continuous Bonds II of Bank CIMB
Tahap II Tahun 2017 dengan Tingkat Niaga Phase II Year 2017 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri C - - 822,000 Series C
- - 822,000
Obligasi Berkelanjutan II Bank CIMB Niaga The Continuous Bonds II of Bank CIMB
Tahap III Tahun 2017 dengan Tingkat Niaga Phase III Year 2017 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri C - - 843,000 Series C
- - 843,000
Obligasi Berkelanjutan II Bank CIMB Niaga The Continuous Bonds II of Bank CIMB
Tahap IV Tahun 2018 dengan Tingkat Niaga Phase IV Year 2018 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri C - 118,000 118,000 Series C
- 118,000 118,000
Sukuk Mudharabah Berkelanjutan I Bank CIMB Niaga The Continuous Sukuk Mudharabah I
Tahap II Tahun 2019 (lihat Catatan 1b) of Bank CIMB Niaga Phase II Year 2019 (see Note 1b)
Seri B - - 936,000 Series B
Seri C 429,000 429,000 429,000 Series C
429,000 429,000 1,365,000
Obligasi Berkelanjutan III Bank CIMB Niaga The Continuous Bonds III of Bank CIMB
Tahap I Tahun 2019 dengan Tingkat Niaga Phase I Year 2019 with Fixed
Suku Bunga Tetap (lihat Catatan 1b) Interest Rate (see Note 1b)
Seri B - - 1,066,000 Series B
Seri C 481,000 481,000 481,000 Series C
481,000 481,000 1,547,000
Sukuk Mudharabah Berkelanjutan I Bank CIMB Niaga The Continuous Sukuk Mudharabah I
Tahap III Tahun 2020 (lihat Catatan 1b) of Bank CIMB Niaga Phase III Year 2020 (see Note 1b)
Seri C 391,000 391,000 391,000 Series C
Seri B - 287,000 287,000 Series B
391,000 678,000 678,000
1,301,000 1,706,000 5,373,000
Dikurangi : Less:
Biaya emisi obligasi yang belum diamortisasi (524) (1,062) (3,772) Unamortised bond issuance costs
1,300,476 1,704,938 5,369,228
Entitas Anak Subsidiaries
Sukuk Wakalah Bi Al-Istitsmar I Tahun 2023 (lihat Catatan 1b) Sukuk Wakalah Bi Al-Istitsmar I Year 2023 (see Note 1b)
Seri A 700,000 - - Seri A
Seri B 300,000 - - Seri B
1,000,000 - -
Dikurangi : Less:
Biaya emisi obligasi yang belum diamortisasi (2,774) - - Unamortised bond issuance costs
997,226 - -
Jumlah - bersih 2,297,702 1,704,938 5,369,228 Total - net
Peringkat efek-efek yang diterbitkan Marketable securities issued ratings
Untuk Bank CIMB Niaga, peringkat efek-efek yang For Bank CIMB Niaga, the ratings for the marketable
diterbitkan berdasarkan credit rating PT Pefindo pada securities issued based on credit rating PT Pefindo as at
tanggal 31 Desember 2023, 2022, dan 2021 adalah idAAA. 31 December 2023, 2022, and 2021 is idAAA.
Halaman – 5/154 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 778
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
28. EFEK-EFEK YANG DITERBITKAN (lanjutan) 28. MARKETABLE SECURITIES ISSUED (continued)
Peringkat efek-efek yang diterbitkan (lanjutan) Marketable securities issued ratings (continued)
Untuk Entitas Anak - CNAF, peringkat efek-efek yang For Subsidiary - CNAF, the ratings for the marketable
diterbitkan berdasarkan credit rating PT Fitch Ratings securities issued based on credit rating PT Fitch Ratings
Indonesia pada tanggal 31 Desember 2023 adalah AAidn. Indonesia as at 31 December 2023 is AAidn.
Transaksi lindung nilai Hedge transactions
Tidak terdapat transaksi lindung nilai per 31 Desember There was no hedging transaction as of 31 December 2023,
2023, 2022, dan 2021. 2022, and 2021.
Informasi mengenai tingkat suku bunga dan jatuh tempo di Information in respect to interest rate and maturity is
ungkapkan pada Catatan 53 dan 55. disclosed in Notes 53 and 55.
29. PINJAMAN YANG DITERIMA 29. BORROWINGS
2023 2022 2021
Rupiah Rupiah
Pihak ketiga Third parties Third parties
PT Bank DKI, Unit Syariah 529,948 474,158 - PT Bank DKI, Sharia Unit
PT Bank Pan Indonesia T bk 481,383 220,127 476,109 PT Bank Pan Indonesia Tbk
PT Bank Muamalat Indonesia T bk 414,386 636,037 - PT Bank Muamalat Indonesia Tbk
PT Bank Mandiri (Persero) T bk 404,970 544,075 623,602 PT Bank Mandiri (Persero) Tbk
PT Bank Panin Dubai Syariah T bk 385,780 384,087 - PT Bank Panin Dubai Syariah Tbk
PT Bank Victoria International T bk 299,823 - 199,793 PT Bank Victoria International Tbk
PT Bank China Construction Bank Indonesia T bk 256,972 179,236 - PT Bank China Construction Bank Indonesia Tbk
PT Bank Permata T bk 211,336 386,621 123,485 PT Bank Permata Tbk
PT Bank OCBC NISP T bk 154,298 107,636 228,374 PT Bank OCBC NISP Tbk
PT Bank HSBC Indonesia 149,912 - 199,793 PT Bank HSBC Indonesia
PT Sarana Multigriya Finansial (Persero) 133,255 - - PT Sarana Multigriya Finansial (Persero)
PT Bank BT PN T bk 99,940 - - PT Bank BTPN Tbk
PT Bank UOB Indonesia 80,508 147,029 - PT Bank UOB Indonesia
PT Bank CT BC Indonesia 69,959 74,901 - PT Bank CTBC Indonesia
PT Bank Oke Indonesia T bk 51,359 84,611 - PT Bank Oke Indonesia Tbk
PT Bank Victoria Syariah 49,943 49,911 - PT Bank Victoria Syariah
PT Bank Danamon Indonesia T bk, Unit Syariah 29,133 45,752 - PT Bank Danamon Indonesia Tbk, Sharia Unit
PT Bank BCA Syariah 22,100 80,825 86,770 PT Bank BCA Syariah
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten T bk - 10,403 35,380 Jawa Barat dan Banten Tbk
3,825,005 3,425,409 1,973,306
Dolar Amerika Serikat United States Dollar
Pihak ketiga Third parties Third parties
MUFG Bank Ltd 2,463,520 - - MUFG Bank Ltd
Jumlah 6,288,525 3,425,409 1,973,306 Total
Pinjaman pihak ketiga dalam USD merupakan pinjaman Third parties borrowings in USD received by the Bank, these
yang diterima oleh Bank, pinjaman ini akan jatuh tempo borrowings will mature on date 8 March 2024 and 21 March
pada tanggal 8 Maret 2024 dan 21 Maret 2024 dengan 2024 with the annual interest rate of 5.66% and 5.67%.
tingkat bunga pertahun 5,66% dan 5,67%.
Pinjaman pihak ketiga merupakan pinjaman yang diterima Third parties borrowings represent borrowings received by
Entitas Anak dalam menjalankan bisnisnya. Pinjaman Subsidiary to finance their business. The borrowing will be
tersebut akan jatuh tempo pada berbagai tahun antara matured in the years between 2024 - 2026. The annual
2024 - 2026. Tingkat suku bunga per tahun untuk fasilitas interest rates for the year ended 31 December 2023 ranged
tersebut untuk tahun yang berakhir 31 Desember 2023 between 6.05% - 9.00% (2022: 5.65% - 9.00%; 2021: 4.10%
berkisar antara 6,05% - 9,00% (2022: 5,65% - 9,00% ; - 9.25%).
2021: 4,10% - 9,25%).
Seluruh pinjaman Entitas Anak di atas digunakan untuk All the Subsidiary borrowings above are used for finance
pembiayaan kendaraan roda empat, baik dalam kondisi financing of four wheelers, either new or used.
baru atau bekas.
Halaman – 5/155 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 779
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank DKI, unit Syariah PT Bank DKI, Sharia unit
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank DKI, Sharia unit amounting to
kepada PT Bank DKI, unit Syariah dengan nominal sebesar Rp 244,444 (2022: Rp 125,000; 2021 Rp nil). This
Rp 244.444 (2022: Rp 125.000; 2021 Rp nihil). Pinjaman ini borrowing matured on various dates between 11 February
akan jatuh tempo pada berbagai tanggal antara 2024 up to 27 September 2026.
11 Februari 2024 sampai dengan 27 September 2026.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di entitas anak minimum sebesar 51%; ownership in the Subsidiary with minimum of 51%;
- Menjaga piutang yang menunggak lebih dari 90 hari - Maintain the non-performing financing receivable which
maksimal 5% dari total piutang pembiayaan; has outstanding days of more than 90 days by
maximum of 5% from total financing receivable;
- Total piutang pembiayaan terhadap total aktiva minimal - Total financing receivables to total assets of minimum
sebesar 50%; 50%;
- Rasio lancar minimum 1 kali; dan - Current Ratio (CR) minimum 1 times; and
- Menjaga gearing ratio sebesar 10 kali. - Maintain the gearing ratio maximum of 10 times.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Pan Indonesia Tbk PT Bank Pan Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Pan Indonesia Tbk amounting
PT Bank Pan Indonesia Tbk dengan nominal sebesar Rp to Rp 238,750 (2022: Rp 295,946; 2021: Rp 264,376). This
238.750 (2022 : Rp 295.946; 2021 Rp 264.376). Pinjaman borrowing will be matured on various dates between 23
ini akan jatuh tempo pada berbagai tanggal antara 23 August 2024 up to 6 January 2025.
Agustus 2024 sampai dengan 6 Januari 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga rasio hutang terhadap ekuitas sebesar 8:1; - Maintain the debt to equity ratio of 8:1;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% dari total piutang pembiayaan; dan maximum of 3% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Muamalat Indonesia Tbk PT Bank Muamalat Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Muamalat Indonesia Tbk
kepada PT Bank Muamalat Indonesia Tbk dengan nominal amounting to Rp 222,306 (2022: Rp 62,833; 2021: Rp nil).
sebesar Rp 222.306 (2022 : Rp 62.833 ; 2021 Rp nihil). This borrowing will be matured on various dates between 23
May 2025 up to 13 December 2025.
Pinjaman ini akan jatuh tempo pada berbagai tanggal
antara 23 Mei 2025 sampai dengan 13 Desember 2025.
Halaman – 5/156 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 780
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Muamalat Indonesia Tbk (lanjutan) PT Bank Muamalat Indonesia Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 5 kali; - Maintain the gearing ratio maximum of 5 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% bersih atau 5% kotor dari total piutang maximum of 3% net or 5% gross from total financing
pembiayaan; dan receivable; and
- Menjaga Net Credit Loss maksimal sebesar 3%; - Maintain Net Credit Loss maximum of 3%;
- Menjaga Deliquency Receivables maksimal sebesar - Maintain Deliquency Receivable maximum of 5%;
5%; dan and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman paid the principle to PT Bank Mandiri (Persero) Tbk
kepada PT Bank Mandiri (Persero) Tbk dengan nominal amounting to Rp 289,583 (2022: Rp 479,060; 2021:
sebesar Rp 289.583 (2022: Rp 479.060; 2021: Rp Rp 269,182). This borrowing will matured on various dates
269.182). Pinjaman ini akan jatuh tempo pada berbagai between 2 January 2024 up to 27 April 2026.
tanggal antara 2 Januari 2024 sampai dengan 27 April
2026.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; dan - Maintain the gearing ratio maximum of 8 times; and
- Selama pinjaman yang diterima berlangsung, Entitas - During the borrowings outstanding, the Subsidiary
Anak harus memberitahukan secara tertulis kepada must notify Bank Mandiri in written for:
Bank Mandiri atas:
• Perubahan anggaran dasar Entitas Anak termasuk • Amendment to the articles of association of the
di dalamnya pemegang saham mayoritas (lebih dari Subsidiary including majority shareholders (more
50% jumlah kepemilikan saham), pengurus than 50% of the total share ownership),
perusahaan, permodalan dan nilai saham; management, capital and share value;
• Memperoleh fasilitas kredit atau pinjaman dari • Obtaining credit facilities or loan from other parties
pihak lain kecuali dalam rangka mendukung except in the context of supporting the business
kegiatan usaha Entitas Anak yang normal dan activities of normal business and fair transaction of
transaksi wajar; the Subsidiary;
• Mengikatkan diri sebagai penjamin hutang atau • Binding themselves as a guarantor of debt or
menjaminkan harta kekayaan untuk pihak lain, pledging assets for other parties, except in the
kecuali dalam rangka pendanaan untuk context of funding to support the business activities
mendukung kegiatan usaha Entitas Anak; of the Subsidiary;
• Melunasi hutang Entitas Anak kepada pemilik/ • Paying off the loan of the Subsidiary to the
pemegang saham mayoritas; dan owner/majority shareholders; and
• Melakukan peleburan usaha/akuisisi. • Conducting merger/acquisition.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Halaman – 5/157 – Page
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Page 781
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Panin Dubai Syariah Tbk PT Bank Panin Dubai Syariah Tbk
Selama tahun yang berakhir 31 Desember 2023 , Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Panin Dubai Syariah Tbk
PT Bank Panin Dubai Syariah Tbk dengan nominal sebesar amounting to Rp 148,547 (2022: Rp 65,231; 2021: Rp nil).
Rp 148.547 (2022: Rp 65.231; 2021: Rp nihil). Pinjaman ini (2021: Rp nil; 2020: Rp 240,038). This borrowing will be
akan jatuh tempo pada berbagai tanggal antara 25 Mei 2025 matured on various dates between 25 May 2025 up to
sampai dengan 30 November 2026. 30 November 2026.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga rasio hutang terhadap ekuitas maksimal - Maintain the debt to equity ratio maximum of 8:1;
sebesar 8:1;
- Menjaga rasio piutang pembiayaan bermasalah yang - Maintain the ratio non-performing financing receivable
memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 3% bersih; dan maximum of 3% net; and
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Victoria International Tbk PT Bank Victoria International Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Victoria International Tbk
PT Bank Victoria International Tbk dengan nominal sebesar amounting to Rp nil (2022: Rp 199,793; 2021 Rp nil).
Rp nihil (2022: Rp 199.793; 2021 Rp nihil). Pinjaman ini akan This borrowing will be matured on various dates between
jatuh tempo pada tanggal 5 Januari 2024 sampai dengan 5 January 2024 up to 8 January 2024.
8 Januari 2024.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; dan - Maintain the gearing ratio maximum of 8 times; and
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan dan maximum of 5% from total financing receivable and
tunggakan lebih dari 90 hari maksimal sebanyak 2% outstanding days of more than 90 days by maximum
of 2% from total financing receivable; and
dari total piutang pembiayaan; dan
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank China Construction Bank Indonesia Tbk PT Bank China Construction Bank Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank China Construction Bank
PT Bank China Construction Bank Indonesia dengan Indonesia amounting to Rp 72,349 (2022: Rp 20,528). This
nominal sebesar Rp 72.349 (2022: Rp 20.528). Pinjaman ini borrowing will be matured on various dates between 30
akan jatuh tempo pada berbagai tanggal antara 30 Mei 2025 May 2025 up to 27 December 2026.
sampai dengan 27 Desember 2026.
Halaman – 5/158 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 782
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank China Construction Bank Indonesia Tbk (lanjutan) PT Bank China Construction Bank Indonesia Tbk
(continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga Collateral Coverage Ratio (CCR) taksasi - Maintain Collateral Coverage Ratio (CCR) at
minimal 50% dari pinjaman; minimum 50% of the loan;
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% (gross) dari total piutang pembiayaan; maximum of 5% (gross) from total financing
dan receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Permata Tbk PT Bank Permata Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Permata Tbk amounting to
PT Bank Permata Tbk dengan nominal sebesar Rp 175,694 (2022: Rp 186,323; 2021: Rp 19,404). This
Rp 175.694 (2022: Rp 186.323; 2021: Rp 19.404). borrowing will be matured on various dates between
Pinjaman ini akan jatuh tempo pada berbagai tanggal antara 30 September 2024 up to 29 July 2025.
30 September 2024 sampai dengan 29 Juli 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya This borrowing requires the Subsidiary including:
untuk:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan dan maximum of 5% from total financing receivable and
tunggakan lebih dari 90 hari maksimal sebanyak 2% outstanding days of more than 90 days by maximum
dari total piutang pembiayaan; dan of 2% from total financing receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank OCBC NISP Tbk PT Bank OCBC NISP Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank OCBC NISP Tbk amounting
PT Bank OCBC NISP Tbk sebesar Rp 53.333 to Rp 53,333 (2022: Rp 170,691; 2021: Rp 1,389). This
(2022: Rp 170.691; 2021: Rp 1.389). Pinjaman ini akan borrowing will be matured on various dates between
jatuh tempo pada berbagai tanggal antara 5 Januari 2024
sampai dengan 21 Maret 2025. 5 January 2024 up to 21 March 2025.
Halaman – 5/159 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 783
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank OCBC NISP Tbk (lanjutan) PT Bank OCBC NISP Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 60 hari maksimal which has outstanding days of more than 60 days by a
sebanyak 3,5% dari total piutang pembiayaan atau maximum of 3.5% from total financing receivable or as
sesuai ketentuan otoritas; required by the authority;
- Menjaga saldo current account saving account - Maintain minimum balance of current account saving
(“CASA”) minimal sebesar Rp 5.000; dan account (“CASA”) of Rp 5,000; and
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank HSBC Indonesia PT Bank HSBC Indonesia
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank HSBC Indonesia amounting
PT Bank HSBC Indonesia dengan nominal sebesar Rp nihil to Rp nil (2022: Rp 199,793 and 2021: Rp nil). This
(2022: Rp 199.793 dan 2021: Rp nihil). Pinjaman ini akan borrowing will be matured on various dates between
jatuh tempo pada tanggal 5 Februari 2024 sampai dengan 5 February 2024 up to 6 February 2024.
6 Februari 2024.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 10 kali; - Maintain the gearing ratio maximum of 10 times;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
maksimal sebanyak 5% dari total piutang pembiayaan maximum of 5% from total financing receivable or as
atau sesuai ketentuan otoritas; required by the authority;
- Piutang pembiayaan yang dijadikan jaminan kepada - Financing receivable which pledged as collateral to
PT Bank HSBC Indonesia maksimal memiliki hari PT Bank HSBC Indonesia has outstanding days of at
tunggakan 30 hari; dan the maximum 30 days; and
- Menjaga total piutang pembiayaan terhadap total aset - Maintain total financing receivable to total asset
minimal sebesar 50%. minimum of 50%.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Sarana Multigriya Finansial (Persero) PT Sarana Multigriya Finansial (Persero)
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Sarana Multigriya Finansial
PT Sarana Multigriya Finansial (Persero) dengan nominal (Persero) amounting to Rp 66,667. This borrowing will be
sebesar Rp 66.667. Pinjaman ini akan jatuh tempo pada matured on 30 August 2024.
tanggal 30 Agustus 2024
Halaman – 5/160 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 784
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Sarana Multigriya Finansial (Persero) (lanjutan) PT Sarana Multigriya Finansial (Persero) (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga Return on Asset minimal 1%; - Maintain Return on Asset by minimum of 1%;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable net
bersih maksimal sebanyak 5% dari total piutang by maximum of 5% from total financing receivable;
pembiayaan;
- Menjaga gearing ratio maksimal sebesar 10 kali; dan - Maintain the gearing ratio maximum of 10 times; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank BTPN Tbk PT Bank BTPN Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank BTPN Tbk amounting to Rp
PT Bank BTPN Tbk dengan nominal sebesar nil. This borrowing will be matured on 2 January 2024.
Rp nihil. Pinjaman ini akan jatuh tempo pada tanggal 2
Januari 2024.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga total utang terhadap kekayaan berwujud - Maintain total debt to tangible networth by maximum
bersih konsolidasian maksimal 8,5:1; of 8.5:1;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable by
maksimal sebanyak 5% dari total piutang pembiayaan; maximum of 5% from total financing receivable; and
dan
- Bank CIMB Niaga sebagai Entitas Induk wajib - - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank UOB Indonesia PT Bank UOB Indonesia
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank UOB Indonesia amounting to
PT Bank UOB Indonesia dengan nominal sebesar Rp 66,667 (2022: Rp 52,778; 2021: Rp nil). This borrowing
Rp 66.667 (2022: Rp 52.778; 2021: Rp nihil). Pinjaman ini will be matured on various dates between 23 February 2025
akan jatuh tempo pada berbagai tanggal antara 23 Februari up to 17 May 2025.
2025 sampai dengan 17 Mei 2025.
Halaman – 5/161 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 785
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank UOB Indonesia (lanjutan) PT Bank UOB Indonesia (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga rasio hutang terhadap ekuitas sebesar 10:1; - Maintain the debt to equity ratio of 10:1; and
dan
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or
maupun tidak langsung sebesar 51% dari total modal indirectly of 51% ownership from total paid-in capital
disetor Entitas Anak. of the Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank CTBC Indonesia PT Bank CTBC Indonesia
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank CTBC Indonesia amounting
PT Bank CTBC Indonesia dengan nominal sebesar to Rp 75,000 (2022 and 2021: Rp nil). This borrowing has
Rp 75.000 (2022 dan 2021: Rp nihil). Pinjaman ini akan matured on 2 January 2024.
jatuh tempo pada tanggal 2 Januari 2024.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga rasio hutang terhadap ekuitas sebesar 8:1; - Maintain the debt to equity ratio of 8:1;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 90 hari maksimal which has outstanding days of more than 90 days by
sebanyak 5% (gross) dari total piutang pembiayaan; maximum of 5% (gross) from total financing
dan receivable; and
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants
yang diwajibkan dalam perjanjian pinjaman yang diterima. requirement outlined in borrowing agreements.
PT Bank Oke Indonesia Tbk PT Bank Oke Indonesia Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Oke Indonesia Tbk amounting
PT Bank Oke Indonesia Tbk dengan nominal sebesar to Rp 33,333 (2022: Rp 15,278). This borrowing will be
Rp 33.333 (2022: Rp 15.278). Pinjaman ini akan jatuh tempo matured on various dates between 30 May 2025 up to
pada berbagai tanggal antara 30 Mei 2025 sampai dengan 16 August 2025.
16 Agustus 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; - Maintain the gearing ratio maximum of 8 times;
- Menjaga rasio kecukupan modal minimal 14%; - Maintain capital adequacy ratio minimum of 14%;
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 10% (gross) dari total piutang pembiayaan maximum of 10% (gross) from total financing
dan tunggakan lebih dari 90 hari maksimal sebanyak receivable and outstanding days of more than
5% (gross) dari total piutang pembiayaan; dan 90 days by maximum of 5% (gross) from total
financing receivable; and
Halaman – 5/162 – Page
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Page 786
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank Oke Indonesia Tbk (lanjutan) PT Bank Oke Indonesia Tbk (continued)
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Bank CIMB Niaga sebagai Entitas Induk wajib - Bank CIMB Niaga as Parent Entity must keep their
menjaga kepemilikannya di Entitas Anak baik secara ownership in the Subsidiary either directly or indirectly
langsung maupun tidak langsung sebesar 51% dari of 51% ownership from total paid-in capital of the
total modal disetor Entitas Anak. Subsidiary.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Victoria Syariah PT Bank Victoria Syariah
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Victoria Syariah amounting to
PT Bank Victoria Syariah dengan nominal sebesar Rp 50,000 (2022: Rp nil). This borrowing will be matured on
Rp 50.000 (2022: Rp nihil). Pinjaman ini akan jatuh tempo 11 January 2024.
pada tanggal 11 Januari 2024.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 10 kali; dan - Maintain the gearing ratio maximum of 10 times; and
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable by
sebanyak 3% dari total piutang pembiayaan. maximum of 3% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Danamon Indonesia Tbk, Unit Syariah PT Bank Danamon Indonesia Tbk, Sharia Unit
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Danamon Indonesia Tbk,
PT Bank Danamon Indonesia Tbk, Unit Syariah dengan Sharia Unit amounting to Rp 16,667 (2022: Rp 4,167). This
nominal sebesar Rp 16.667 (2022: Rp 4.167). Pinjaman ini borrowing will be matured on 30 September 2025.
akan jatuh tempo pada tanggal 30 September 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga rasio total debt to networth maksimum 7 kali; - Maintain total debt to networth ratio of 7 at the
- Menjaga rasio net credit losses to average portfolio maximum;
maksimum 4%; - Maintain net credit losses to average portfolio of 4%
- Menjaga jumlah piutang pembiayaan bermasalah at the maximum;
yang memiliki tunggakan lebih dari 90 hari maksimal - Maintain the non-performing financing receivable
sebanyak 3,5% dari total piutang pembiayaan. which has outstanding days of more than 90 days by
maximum of 3.5% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Halaman – 5/163 – Page
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Page 787
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
PT Bank BCA Syariah PT Bank BCA Syariah
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank BCA Syariah amounting to
PT Bank BCA Syariah dengan nominal sebesar Rp 58.844 Rp 58,844 (2022: Rp 87,842; 2021: Rp 89,215). This
(2022: Rp 87.842; 2021: Rp 89.215). Pinjaman ini akan borrowing will be matured on various dates between 30 April
jatuh tempo pada berbagai tanggal antara 30 April 2024 2024 up to 14 April 2025.
sampai dengan 14 April 2025.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Menjaga gearing ratio maksimal sebesar 8 kali; dan - Maintain gearing ratio maximum of 8 times; and
- Menjaga jumlah piutang pembiayaan bermasalah - Maintain the non-performing financing receivable
yang memiliki tunggakan lebih dari 30 hari maksimal which has outstanding days of more than 30 days by
sebanyak 5% dari total piutang pembiayaan maximum of 5% from total financing receivable.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk PT Bank Pembangunan Daerah Jawa Barat dan Banten
Tbk
Selama tahun yang berakhir 31 Desember 2023, Entitas During the year ended 31 December 2023, Subsidiary has
Anak telah melakukan pembayaran pokok pinjaman kepada paid the principle to PT Bank Pembangunan Daerah Jawa
PT Bank Pembangunan Daerah Jawa Barat dan Banten Barat dan Banten (“Bank BJB”) Tbk amounting to
(“Bank BJB”) Tbk dengan nominal sebesar Rp 10.417 Rp 10,417 (2022: Rp 24,977; 2021: Rp 24,943). This
(2022: Rp 24.977; 2021: Rp 24.943). Pinjaman ini telah borrowing has matured on 27 July 2023.
jatuh tempo pada tanggal 27 Juli 2023.
Pinjaman ini mensyaratkan Entitas Anak diantaranya untuk: This borrowing requires the Subsidiary including:
- Bank CIMB Niaga sebagai Entitas Induk wajib menjaga - Bank CIMB Niaga as Parent Entity must keep their
kepemilikannya di Entitas Anak baik secara langsung ownership in the Subsidiary either directly or indirectly
maupun tidak langsung sebesar 51% dari total modal of 51% ownership from total paid-in capital of the
disetor Entitas Anak; Subsidiary;
- Memberitahukan kepada Bank BJB maksimal 14 hari - Notify Bank BJB by a maximum 14 calendar days if
kalender jika Entitas Anak membagikan deviden lebih Subsidiary distributes dividends more than 50% of net
dari 50% dari laba bersih; income;
- Piutang pembiayaan yang dijadikan jaminan kepada - Finance receivable which pledged as collateral to
Bank BJB maksimal memiliki hari tunggakan dibawah Bank BJB has outstanding days of at the maximum
30 hari; 30 days;
- Menjaga jumlah piutang pembiayaan bermasalah yang - Maintain the non-performing financing receivable
memiliki tunggakan lebih dari 90 hari maksimal sebanyak which has outstanding days of more than 90 days by
3% dari total piutang pembiayaan atau sesuai ketentuan a maximum of 3% from total financing recivable or as
otoritas. required by the authority.
Entitas Anak telah memenuhi pembatasan-pembatasan The Subsidiary has fulfilled the debt covenants requirement
yang diwajibkan dalam perjanjian pinjaman yang diterima. outlined in borrowing agreements.
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rate and maturity is
diungkapkan pada Catatan 53 dan 55. disclosed in Notes 53 and 55.
Halaman – 5/164 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 788
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN 30. INCOME TAX
a. Uang muka pajak a. Prepaid taxes
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Pajak penghasilan badan Corporate income tax
2013 78,427 78,427 78,427 2013
2014 431,658 431,658 431,658 2014
2015 206,576 206,742 210,671 2015
2016 380,201 380,201 380,201 2016
2017 153,243 - - 2017
2018 175,027 - - 2018
2023 255,633 - - 2023
Pajak penghasilan - Income taxes -
Pasal 4(2), 21, 23, dan 26 Article 4(2), 21, 23, and 26
2013 10,584 10,584 36,203 2013
Pajak Pertambahan Nilai Value Added Tax
2013 - 2018 15,185 22,108 27,700 2013 - 2018
Lain-lain - - 1,519 Others
1,706,534 1,129,720 1,166,379
Entitas Anak 222,450 255,212 294,903 Subsidiaries
1,928,984 1,384,932 1,461,282
b. Utang pajak b. Taxes payable
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Pajak penghasilan badan Corporate income tax
Pasal 25 163,942 77,898 52,456 Article 25
Pasal 29 - 171,205 284,712 Article 29
Pajak penghasilan Income taxes
Pasal 4 (2) 121,894 88,995 67,182 Article 4 (2)
Pasal 21, 23, dan 26 123,850 105,213 99,154 Article 21, 23, and 26
Pajak Pertambahan Nilai 11,827 12,738 11,852 Value Added Tax
421,513 456,049 515,356
Entitas Anak 13,340 68,294 68,831 Subsidiaries
434,853 524,343 584,187
Halaman – 5/165 – Page
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Page 789
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan c. Income tax expense
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Pajak kini (1,480,464) (1,530,342) (1,370,106) Current tax
Pajak tangguhan Deferred tax
Beban pajak tangguhan tahun berjalan (242,161) 138,847 250,011 Deferred tax on profits for the year
Dampak penyesuaian tarif pajak - - 95,963 Impact on tax rate adjustment
Jumlah pajak tangguhan (242,161) 138,847 345,974 Total deferred tax
(1,722,625) (1,391,495) (1,024,132)
Entitas Anak Subsidiaries
Pajak kini (41,892) (123,857) (70,179) Current tax
Pajak tangguhan Deferred tax
Beban pajak tangguhan tahun berjalan (41,354) 32,791 (44) Deferred tax on profits for the year
Dampak penyesuaian tarif pajak - - 1,861 Impact on tax rate adjustment
Jumlah pajak tangguhan (41,354) 32,791 1,817 Total deferred tax
(83,246) (91,066) (68,362)
Konsolidasian Consolidated
Pajak kini (1,522,356) (1,654,199) (1,440,285) Current tax
Pajak tangguhan Deferred tax
Beban pajak tangguhan tahun berjalan (283,515) 171,638 249,967 Deferred tax on profits for the year
Dampak penyesuaian tarif pajak - - 97,824 Impact on tax rate adjustment
Jumlah pajak tangguhan (283,515) 171,638 347,791 Total deferred tax
(1,805,871) (1,482,561) (1,092,494)
Halaman – 5/166 – Page
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Page 790
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum pajak, seperti yang The reconciliation between income before tax, as
disajikan pada laba rugi, dengan beban pajak shown in profit or loss, with current income tax expense
penghasilan kini adalah: are as follows:
2023 2022 2021
Laba konsolidasian sebelum pajak 8,357,272 6,579,332 5,191,098 Consolidated income before tax
Laba sebelum pajak- Income before tax-
Entitas Anak (465,924) (401,434) (257,490) Subsidiaries
Laba sebelum pajak- Income before tax-
Bank CIMB Niaga 7,891,348 6,177,898 4,933,608 Bank CIMB Niaga
Perbedaan temporer Temporary differences
Perbedaan antara komersial Differences between commercial
dan fiskal pada: and fiscal amounts on:
Aset tetap 3,281 (10,466) (174,454) Fixed asset
(Keuntungan)/kerugian yang belum
direalisasi atas perubahan Unrealised gains/(losses) from changes
nilai wajar efek-efek dan Obligasi in fair value of marketable securities
Pemerintah yang diukur pada nilai and government bonds measured at
wajar melalui laba rugi (103,518) 71,975 (29,263) at fair value through profit or loss
Beban cadangan kerugian
penurunan nilai (593,578) 1,216,477 1,320,531 Allowance for impairment losses
Cadangan tunjangan bonus, Accrued bonus, vacation
THR, dan tantiem 7,972 253,775 237,503 pay, and tantiem
Lain-lain (414,890) (900,637) (217,905) Others
(1,100,733) 631,124 1,136,412
Perbedaan tetap Permanent differences
Perbedaan antara komersial Differences between commercial
dan fiskal pada: and fiscal amounts on:
Beban lain yang tidak dapat
diperhitungkan untuk tujuan Other non deductible
perpajakan 13,539 168,341 185,077 expense
Lain-lain (74,772) (21,262) (27,343) Others
(61,233) 147,079 157,734
Penghasilan kena pajak 6,729,382 6,956,101 6,227,754 Taxable income
Beban pajak penghasilan kini 1,480,464 1,530,342 1,370,106 Current income tax expense
Dikurangi: Less:
Pajak dibayar dimuka (1,736,097) (1,359,137) (1,085,394) Prepaid tax
Uang muka pajak/utang pajak penghasilan badan Prepaid tax/corporate income tax payable
(lihat Catatan 30a/30b) (255,633) 171,205 284,712 (refer to Note 30a/30b)
Halaman – 5/167 – Page
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Page 791
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Penghasilan kena pajak hasil rekonsiliasi merupakan Taxable income results from reconciliation are the
dasar dalam pengisian Surat Pemberitahuan Tahunan basis in filing the Bank’s annual Tax Return (SPT) of
(SPT) PPh Badan Bank. Corporate Income Tax.
Dalam laporan keuangan konsolidasian ini, jumlah In these consolidated financial statements, the
penghasilan kena pajak Bank untuk tahun yang amount of Bank’s taxable income for the year ended
berakhir pada tanggal 31 Desember 2023 didasarkan 31 December 2023 is based on preliminary
atas perhitungan sementara, karena Bank belum calculations, as the Bank has not yet submitted its
menyampaikan Surat Pemberitahuan Tahunan pajak corporate income tax returns.
penghasilan badan.
Rekonsiliasi antara beban pajak penghasilan The reconciliations between consolidated income tax
konsolidasian dengan hasil perkalian laba akuntansi expense and the consolidated accounting profit before
sebelum pajak penghasilan konsolidasian dan tarif income tax multipled by the prevailing tax rate is as
pajak yang berlaku adalah sebagai berikut: follows:
2023 2022 2021
Laba konsolidasian sebelum pajak 8,357,272 6,579,332 5,191,098 Consolidated income before tax
Beban pajak penghasilan sesuai Income tax expense at effective
tarif pajak 1,838,600 1,447,453 1,142,042 tax rates
Pengaruh pajak atas perbedaan tetap: Tax effect of permanent differences:
Beban lain yang tidak dapat
diperhitungkan untuk tujuan
perpajakan 2,979 37,035 40,717 Other non deductible expense
Lain-lain (16,450) (4,678) (6,015) Others
Entitas Anak (19,258) 2,751 13,574 Subsidiaires
Dampak perubahan tarif pajak Effect of change in tax rate
- Induk - - (95,963) - parent
Dampak perubahan tarif pajak Effect of change in tax rate
- Entitas Anak - - (1,861) - subsidiaries
(32,729) 35,108 (49,548)
Jumlah beban pajak 1,805,871 1,482,561 1,092,494 Total tax expense
Halaman – 5/168 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Berdasarkan Peraturan Pemerintah Pengganti Pursuant to Government Regulation in Lieu of Law of
Undang-Undang Republik Indonesia Nomor 1 Tahun the Republic of Indonesia Number 1 Year 2020
2020 tentang Kebijakan Keuangan Negara dan concerning State Financial Policy and Financial
Stabilitas Sistem Keuangan untuk Penanganan System Stability for Handling Corona Virus Disease
Pandemi Corona Virus Disease 2019 (COVID-19) 2019 (COVID-19) and/or In Order to Face Threats
dan/atau Dalam Rangka Menghadapi Ancaman yang that Endanger the National Economy and/or Financial
Membahayakan Perekonomian Nasional dan/atau System Stability regulates the adjustment of
Stabilitas Sistem Keuangan mengatur mengenai corporate income tax including the deferred tax in the
adanya penyesuaian tarif Pajak Penghasilan Wajib form of tariff reduction of Article 17 paragraph (1) letter
Pajak badan dalam negeri dan bentuk usaha tetap b of the Law of Income Taxes to be 22% (twenty two
termasuk pajak tangguhan berupa penurunan tarif percent) in force in Fiscal Year 2020 and 2021, and
Pasal 17 ayat (1) huruf b Undang-Undang mengenai 20% (twenty percent) which comes into force in Fiscal
Pajak Penghasilan menjadi sebesar 22% (dua puluh Year 2022.
dua persen) yang berlaku pada Tahun Pajak 2020 dan
Tahun Pajak 2021, dan sebesar 20% (dua puluh
persen) yang mulai berlaku pada Tahun Pajak 2022.
Ketentuan tersebut kemudian dicabut dengan This regulation was later revoked with the issuance
diterbitkannya Undang-Undang Nomor 7 Tahun 2021 of Law Number 7 Year 2021 concerning
tentang Harmonisasi Peraturan Perpajakan pada Harmonisation of Tax Regulations on 29 October
tanggal 29 Oktober 2021 dimana tarif pajak untuk 2021 where the tax rate for Income Tax for
Pajak Penghasilan Wajib Pajak badan dalam negeri domestic corporate taxpayers and permanent
dan bentuk usaha tetap kedepannya sebesar 22% establishments in the future is 22% which will
yang mulai berlaku pada tahun pajak 2022. Untuk effective in the fiscal year 2022. For tax year 2023,
pajak tahun 2023, 2022 dan 2021, Bank CIMB Niaga 2022 and 2021, Bank CIMB Niaga and its
dan Entitas Anak telah menggunakan tarif pajak
Subsidiaries have used a tax rate of 22%.
sebesar 22%.
d. Aset/(liabilitas) pajak tangguhan - bersih d. Deferred tax asset/(liabilities) - net
2023
(Dibebankan)/dikreditkan
ke pendapatan
Dikreditkan/ komprehensif lainnya/
(dibebankan) (Charged)/credited
ke laba/rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit/loss income December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (352,804) 754 - (352,050) Fixed assets
Aset hak guna (52,034) 27,570 - (24,464) Right-of-use assets
Liabilitas sewa 53,198 (27,602) - 25,596 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih 179,594 (22,774) (29,602) 127,218 and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,845,936 (130,587) - 1,715,349 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 304,269 1,754 6,128 312,151 employment benefits obligation
Lain-lain (344,056) (91,276) - (435,332) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 1,634,103 (242,161) (23,474) 1,368,468 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 51,697 (41,354) (1,152) 9,191 Total deferred tax assets - net
1,685,800 (283,515) (24,626) 1,377,659
Halaman – 5/169 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
d. Aset/(liabilitas) pajak tangguhan - bersih (lanjutan) d. Deferred tax asset/(liabilities) - net (continued)
2022
(Dibebankan)/dikreditkan
ke pendapatan
Dikreditkan/ komprehensif lainnya/
(dibebankan) (Charged)/credited
ke laba/rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit/loss income December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (351,746) (1,125) 67 (352,804) Fixed assets
Aset hak guna (85,780) 33,746 - (52,034) Right-of-use assets
Liabilitas sewa 88,122 (34,924) - 53,198 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih (160,365) 15,834 324,125 179,594 and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,578,311 267,625 - 1,845,936 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 229,681 55,831 18,757 304,269 employment benefits obligation
Lain-lain (145,916) (198,140) - (344,056) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 1,152,307 138,847 342,949 1,634,103 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 21,307 32,791 (2,401) 51,697 Total deferred tax assets - net
1,173,614 171,638 340,548 1,685,800
2021
(Dibebankan)/dikreditkan
ke pendapatan Dampak
Dikreditkan/ komprehensif lainnya/ perubahan
(dibebankan) (Charged)/credited tarif pajak/
ke laba/rugi/ to other Effect of
1 Januari/ Credited/(charged) comprehensive changes in 31 Desember/
January to profit/loss income tax rate December
Bank CIMB Niaga Bank CIMB Niaga
Aset/(liabilitas) pajak tangguhan: Deferred tax assets/(liabilities):
Aset tetap (288,496) (38,211) 3,810 (28,849) (351,746) Fixed assets
Aset hak guna (111,940) 37,354 - (11,194) (85,780) Right-of-use assets
Liabilitas sewa 114,223 (37,523) - 11,422 88,122 Lease liabilities
Kerugian/(keuntungan) yang belum Unrealised losses/(gains) from
direalisasi atas perubahan nilai changes in fair value of
wajar efek-efek dan marketable securities
obligasi pemerintah - bersih (236,916) (6,438) 106,682 (23,693) (160,365) and government bonds - net
Beban cadangan kerugian
penurunan nilai 1,170,722 290,517 - 117,072 1,578,311 Allowance for impairment losses
Cadangan tunjangan bonus, THR, Accrued bonus, vacation pay,
tantiem, dan kerugian aktuarial atas tantiem, and actuarial loss on post
program imbalan pasti 161,300 52,251 - 16,130 229,681 employment benefits obligation
Lain-lain (89,070) (47,939) - (8,907) (145,916) Others
Jumlah aset/(liabilitas) pajak tangguhan - bersih 719,823 250,011 110,492 71,981 1,152,307 Total deferred tax assets/(liabilities)- net
Entitas Anak Subsidiaries
Jumlah aset pajak tangguhan - bersih 18,604 (44) 886 1,861 21,307 Total deferred tax assets - net
738,427 249,967 111,378 73,842 1,173,614
e. Administrasi e. Administration
Berdasarkan Undang-Undang Perpajakan yang berlaku Under the applicable Taxation Laws in Indonesia, the
di Indonesia, Perusahaan menghitung, menetapkan, Company calculates, determines, and submits tax
dan membayar sendiri besarnya jumlah pajak yang returns on the basis of self-assessment. The Directorate
terhutang. Direktorat Jenderal Pajak (“DJP”) dapat General of Tax (“DGT”) may assess or amend taxes
menetapkan atau mengubah liabilitas pajak dalam within 5 (five) years after the taxes become due.
batas waktu 5 (lima) tahun sejak saat terhutangnya
pajak.
Halaman – 5/170 – Page
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Page 794
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak f. Tax assessment
Bank CIMB Niaga Bank CIMB Niaga
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
Tahun
Jenis pajak/ pada tanggal 31 Desember Status terakhir per tanggal 31 Desember
fiskal/
Tax type 2023/Amount that still 2023/The latest status as of 31 December 2023
Fiscal year
recorded as prepaid taxes as
of 31 December 2023
2018 Pajak Penghasilan Badan/Corporate 175,027 Masih dalam proses keberatan di kantor
Income Tax wilayah/Still in the objection process at the tax
office
Pajak Pertambahan Nilai/Value 98 Masih dalam proses keberatan di kantor
Added Tax wilayah/Still in the objection process at the tax
office
175,125
2017 Pajak Penghasilan Badan/Corporate 153,243 Masih dalam proses keberatan di kantor
Income Tax wilayah/Still in the objection process at the tax
office
2016 Pajak Penghasilan Badan/Corporate 380,201 Masih dalam proses peninjauan kembali di
Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
2015 Pajak Penghasilan Badan/Corporate 206,576 Masih dalam proses peninjauan kembali di
Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
Pajak Pertambahan Nilai/Value 15,087 Masih dalam proses peninjauan kembali di
Added Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
221,663
2014 Pajak Penghasilan Badan/Corporate 431,658 Masih dalam proses peninjauan kembali di
Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
2013 Pajak Penghasilan Badan/Corporate 78,427 Masih dalam proses peninjauan kembali di
Income Tax Mahkamah Agung/Still in judicial review process at
the Supreme Court
Pajak Penghasilan Pasal 4(2)/Income 10,584 Masih dalam proses peninjauan kembali di
tax Article 4(2) Mahkamah Agung/Still in judicial review process at
the Supreme Court
89,011
Jumlah/Total 1,450,901
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak (lanjutan) f. Tax assessment (continued)
Entitas Anak Subsidiaries
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
pada tanggal 31 Desember
Tahun 2023/Amount that still
fiskal/ Jenis pajak/ recorded as prepaid taxes Status terakhir per tanggal 31 Desember
Fiscal year Tax type as of 31 December 2023 2023/The latest status as of 31 December 2023
2020 Pajak penghasilan badan/Corporate 20,571 Masih dalam proses keberatan di Pengadilan
income tax Pajak/Still in the process of objection in the Tax
Court
Pajak penghasilan Pasal 4(2) dan 690 Masih dalam proses keberatan di Pengadilan
Pasal 23/Income tax Article 4(2) Pajak/Still in the process of objection in the Tax
and Article 23 Court
Pajak Pertambahan Nilai/Value 13,768 Masih dalam proses keberatan di Pengadilan
Added Tax Pajak/Still in the process of objection in the Tax
Court
35,029
2016 Pajak penghasilan badan/Corporate 43,394 Masih dalam proses banding di Pengadilan
income tax Pajak/Still in the process of appeal in the Tax Court
Pajak Pertambahan Nilai/Value 40,163 Masih dalam proses banding di Pengadilan
Added Tax Pajak/Still in the process of appeal in the Tax Court
83,557
2015 Pajak penghasilan badan/Corporate 29,605 Masih dalam proses banding di Pengadilan
income tax Pajak/Still in the process of appeal in the Tax Court
Pajak penghasilan Pasal 4(2) dan 1,391 Masih dalam proses banding di Pengadilan
Pasal 23/Income tax Article 4(2) Pajak/Still in the process of appeal in the Tax Court
and Article 23
Pajak Pertambahan Nilai/Value 12,956 Sudah menang di Pengadilan Pajak dan dalam
Added Tax proses pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Tax Court and still in the process
of refund from the Directorate General of Taxes
43,952
2014 Pajak Pertambahan Nilai/Value 730 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Halaman – 5/172 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 796
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
30. PAJAK PENGHASILAN (lanjutan) 30. INCOME TAX (continued)
f. Pemeriksaan pajak (lanjutan) f. Tax assessment (continued)
Entitas Anak (lanjutan) Subsidiaries (continued)
Proses sengketa dan banding/The process of the dispute and appeal
Jumlah yang masih tercatat
sebagai uang muka pajak
pada tanggal 31 Desember
Tahun 2023/Amount that still
fiskal/ Jenis pajak/ recorded as prepaid taxes Status terakhir per tanggal 31 Desember
Fiscal year Tax type as of 31 December 2023 2023/The latest status as of 31 December 2023
2013 Pajak penghasilan badan/Corporate 1,492 Sudah menang di Pengadilan Pajak dan belum ada
income tax tanggapan lebih lanjut dari Direktorat Jenderal
Pajak/Already won in Tax Court and there has
been no further response from the Directorate
General of Taxes
Pajak Pertambahan Nilai/Value 14,176 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
15,668
2012 Pajak penghasilan badan/Corporate 5,728 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Pajak Pertambahan Nilai/Value 17,585 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
23,313
2011 Pajak penghasilan badan/Corporate 3,748 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Pajak Pertambahan Nilai/Value 12,517 Menang di Mahkamah Agung dan dalam proses
Added Tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
16,265
2010 Pajak penghasilan badan/Corporate 3,568 Menang di Mahkamah Agung dan dalam proses
income tax pengembalian dana dari Direktorat Jenderal
Pajak/Won in the Supreme Court and still in the
process of refund from the Directorate General of
Taxes
Lain-lain/Others *) 369
Jumlah/Total 222,451
*) Lain-lain merupakan kasus pajak yang masih dalam proses keberatan Others are tax cases that still in the objection process *)
Halaman – 5/173 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 797
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
31. BEBAN YANG MASIH HARUS DIBAYAR DAN 31. ACCRUALS AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
a. Beban yang masih harus dibayar a. Accruals
2023 2022 2021
Beban yang masih harus dibayar 3,032,956 3,960,089 3,212,723 Accrued expenses
Bunga yang masih harus dibayar 279,572 188,541 236,191 Accrued interest
3,312,528 4,148,630 3,448,914
Beban yang masih harus dibayar terutama terdiri dari Accrued expenses mainly consist of accrued expenses
beban pihak ketiga yang masih harus dibayar dan from third party and commission that need to be paid.
komisi yang harus dibayar.
Pada tanggal 31 Desember 2023, termasuk di dalam As at 31 December 2023, accrued interest also consist
bunga yang masih harus dibayar adalah utang bunga of accrued interest for subordinated loans amounting to
pinjaman subordinasi sebesar Rp 1.181 (2022 dan Rp 1,181 (2022 and 2021: Rp 2,125) and accrued
2021: Rp 2.125) dan utang bunga pinjaman efek-efek interest for marketable securities issued, including
yang diterbitkan, termasuk hutang bagi hasil syariah, sharia profit sharing payable, amounting to Rp 14,735
sebesar Rp 14.735 (2022: Rp 6.039; 2021: Rp 34.716). (2022: Rp 6,039; 2021: Rp 34,716). Information in
Informasi mengenai pinjaman subordinasi dan efek- respect to subordinated loans and marketable securities
efek yang diterbitkan diungkapkan pada Catatan issued are disclosed in Note 32 and 28.
32 dan 28.
Beban yang masih harus dibayar dengan pihak Accruals with related parties are disclosed in Note 48.
berelasi diungkapkan pada Catatan 48.
b. Liabilitas lain-lain b. Other liabilities
2023 2022 2021
Komisi diterima dimuka 4,998,097 5,550,695 360,345 Unearned commission
Cadangan kerugian penurunan nilai Allowance for impairment losses of
komitmen dan kontinjensi 387,368 578,897 428,339 commitments and contingencies
Structured product tidak terproteksi 303,104 111,532 446,521 Unprotected structured product
Liabilitas sewa 89,328 246,145 413,643 Leased liabilities
Setoran jaminan 229,845 184,870 188,535 Security deposits
Lain-lain *) 1,721,292 1,042,079 796,536 Others *)
7,729,034 7,714,218 2,633,919
*) Termasuk simpanan berjangka Devisa Hasil Ekspor (DHE) Include DHE valas time deposits *)
Informasi mengenai tingkat jatuh tempo diungkapkan Information in respect to maturity is disclosed in
pada Catatan 55. Note 55.
Halaman – 5/174 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 798
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PINJAMAN SUBORDINASI (lanjutan) 32. SUBORDINATED LOANS (continued)
2023 2022 2021
Obligasi subordinasi Subordinated bonds
Nilai nominal 158,000 233,000 233,000 Par value
Dikurangi: Less:
Biaya emisi yang belum diamortisasi (2,381) (4,689) (6,857) Unamortised issuance cost
Nilai tercatat 155,619 228,311 226,143 Carrying value
y
Informasi mengenai tingkat suku bunga dan jatuh tempo Information in respect to interest rates and maturity is
diungkapkan pada catatan 53 dan 55. disclosed in Notes 53 and 55.
Berikut adalah rincian obligasi subordinasi pada tanggal Below is the detail of subordinated bonds as at
31 Desember 2023, 2022, dan 2021: 31 December 2023, 2022, and 2021:
Tanggal jatuh Opsi
Tercatat/ tempo/ Pelunasan/ Tingkat bunga/
2023 2022 2021 Listed Due date Call option Interest rate
Obligasi Subordinasi Bursa Efek
III Tahun 2018 Seri A/ Indonesia/ 15 November/
Subordinated Bonds III Indonesia Stock November N/A 9.85% per tahun/per annum
Year 2018 Series A - 75,000 75,000 Exchange 2023
Obligasi Subordinasi Bursa Efek
III Tahun 2018 Seri B/ Indonesia/ 15 November/
Subordinated Bonds III Indonesia Stock November N/A 10% per tahun/per annum
Year 2018 Series B 75,000 75,000 75,000 Exchange 2025
Obligasi Subordinasi berkelanjutan I Bursa Efek
Tahun 2019 Seri A/ Indonesia/ 19 Desember/
Continuous Subordinated Bonds I Indonesia Stock December N/A 8.05% per tahun/per annum
Year 2019 Series A 83,000 83,000 83,000 Exchange 2024
158,000 233,000 233,000
Dikurangi/Less :
Biaya emisi
yang belum
diamortisasi/
Unamortised
issuance cost (2,381) (4,689) (6,857)
Nilai tercatat/
Carrying value 155,619 228,311 226,143
Pada tanggal 15 November 2018, Bank CIMB Niaga As at 15 November 2018, Bank CIMB Niaga issued
menerbitkan Obligasi Subordinasi III Tahun 2018 Seri A Subordinated Bonds III Year 2018 series A amounting to
sebesar Rp 75.000. Penerbitan obligasi ini telah disetujui Rp 75,000. This issuance has been approved by OJK
oleh OJK Pengawas Perbankan melalui Surat Pengawas Perbankan through its Letter
No. S-89/PB.33/2018 tanggal 26 Juli 2018 dan No. S-89/PB.33/2018 dated 26 July 2018 and has obtained
mendapatkan pernyataan efektif dari OJK Pengawas notice of effectivity from OJK Pengawas Pasar Modal
Pasar Modal melalui Surat No. S-158/D.04/2018 tanggal through its Letter No. S-158/D.04/2018 dated
8 November 2018. 8 November 2018.
Halaman – 5/175 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 799
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
32. PINJAMAN SUBORDINASI (lanjutan) 32. SUBORDINATED LOANS (continued)
Pada tanggal 19 Desember 2019, Bank CIMB Niaga As at 19 December 2019, Bank CIMB Niaga issued
menerbitkan Obligasi Subordinasi Berkelanjutan I Tahun Continuous Subordinated Bonds I Year 2019 amounting to
2019 sebesar Rp 83.000. Penerbitan obligasi ini telah Rp 83,000. This issuance has been approved by OJK
disetujui oleh OJK Pengawas Perbankan melalui Surat Pengawas Perbankan through its Letter
No. S-51/PB.33/2019 tanggal 21 Oktober 2019 dan No. S-51/PB.33/2019 dated 21 October 2019 and has
mendapatkan pernyataan efektif dari OJK Pengawas Pasar obtained notice of effectivity from OJK Pengawas Pasar
Modal melalui Surat No. S-194/D.04/2019 tanggal Modal through its Letter No. S-194/D.04/2019 dated
12 Desember 2019. 12 December 2019.
Bank CIMB Niaga telah melakukan pembayaran bunga Bank CIMB Niaga has paid interest on schedule and in
secara tepat waktu dan sesuai dengan jumlah yang accordance with the amount agreed.
diperjanjikan.
Transaksi lindung nilai Hedge transactions
Tidak terdapat transaksi lindung nilai per tanggal There was no hedging transaction as of 31 December 2023,
31 Desember 2023, 2022, dan 2021. 2022, and 2021.
Perhitungan Kewajiban Penyediaan Modal Minimum Capital Adequacy Ratio calculation (“CAR”)
(“KPMM”)
Pada tanggal 15 Desember 2018, melalui Surat dari OJK On 15 December 2018, based on Letter from OJK
Pengawas Perbankan No. S-89/PB.33/2018, Bank CIMB Pengawas Perbankan No. S-89/PB.33/2018, OJK
Niaga telah memperoleh persetujuan dari OJK Pengawas Pengawas Perbankan had given an approval to Bank CIMB
Perbankan untuk memperhitungkan Obligasi Subordinasi Niaga to include the Subordinated Bonds Series A of
Seri A sebesar Rp 75.000 dan Seri B sebesar Rp 75.000 Rp 75,000 and Series B of Rp 75,000 as component of
sebagai komponen modal pelengkap tier 2 dalam supplementary capital tier 2 in CAR calculation.
perhitungan rasio KPMM.
Pada tanggal 14 Februari 2020, melalui Surat dari OJK On 14 February 2020, based on Letter from OJK Pengawas
Pengawas Perbankan No. S-07/PB.33/2020, Bank CIMB Perbankan No. S-07/PB.33/2020, OJK Pengawas
Niaga telah memperoleh persetujuan dari OJK Pengawas Perbankan had given an approval to Bank CIMB Niaga to
Perbankan untuk memperhitungkan Obligasi Subordinasi include the Continuous Subordinated Bonds I phase I 2019
Berkelanjutan I Bank CIMB Niaga Tahap I Tahun 2019 of Rp 83,000 as component of supplementary capital tier 2
sebesar Rp 83.000 sebagai komponen modal pelengkap tier in CAR calculation.
2 dalam perhitungan rasio KPMM.
Peringkat obligasi subordinasi Subordinated bonds ratings
Peringkat obligasi subordinasi ini berdasarkan credit rating The ratings for the subordinated bonds based on credit
PT Pefindo pada tanggal 31 Desember 2023 adalah idAA rating PT Pefindo at 31 December 2023 is idAA
(2022 dan 2021: idAA). (2022 and 2021: idAA).
Tidak terdapat pembatasan-pembatasan yang diwajibkan There were no negative covenants in the subordinated
dalam perjanjian obligasi subordinasi. bonds agreements.
Berdasarkan transaksi dengan pihak berelasi dan pihak By transactions with related party and third party
ketiga
Obligasi subordinasi dengan pihak berelasi diungkapkan Subordinated bonds transactions with related party are
dalam Catatan 48. disclosed in Note 48.
Halaman – 5/176 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 800
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TREASURI TREASURY SHARES
Modal Saham Share Capital
Susunan pemegang saham pada tanggal 31 Desember The shareholders composition as of 31 December 2023,
2023, 2022, dan 2021 adalah: 2022 and 2021 were as follow:
2023
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.48% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 1,961,248,644 7.80% 98,062 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 25,024,439,161 99.57% 1,606,899 exclude treasury shares
Saham treasuri 107,167,682 0.43% 5,358 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,131,606,843 100.00% 1,612,257 include treasury shares
2022
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.48% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya . Other shareholders
(kepemilikan di bawah 5%) 1,869,933,444 7.44% 93,497 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 24,933,123,961 99.21% 1,602,334 exclude treasury shares
Saham treasuri 198,482,882 0.79% 9,923 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,131,606,843 100.00% 1,612,257 include treasury shares
Halaman – 5/177 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 801
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TREASURI (lanjutan) TREASURY SHARES (continued)
Modal Saham (lanjutan) Share Capital (continued)
Susunan pemegang saham pada tanggal 31 Desember The shareholders composition as of 31 December 2023,
2023, 2022, dan 2021 adalah: (lanjutan) 2022 and 2021 were as follow: (continued)
2021
Jumlah
lembar saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan/ Jumlah
shares issued Percentage dalam Rupiah/
Pemegang saham and fully paid of ownership Amount in Rupiah Shareholders
Saham biasa kelas A Class A ordinary share
Pemegang saham lainnya Other shareholders
(kepemilikan di bawah 5%) 71,853,936 0.29% 359,270 (ownership interest below 5%)
Saham biasa kelas B Class B ordinary share
CIMB Group Sdn Bhd, Malaysia 22,991,336,581 91.48% 1,149,567 CIMB Group Sdn Bhd, Malaysia
Pemegang saham lainnya . Other shareholders
(kepemilikan di bawah 5%) 1,866,523,444 7.43% 93,326 (ownership interest below 5%)
Jumlah modal saham ditempatkan dan Total shares capital issued and
disetor penuh dan fully paid and
tidak termasuk saham treasuri 24,929,713,961 99.20% 1,602,163 exclude treasury shares
Saham treasuri 201,892,882 0.80% 10,094 Treasury shares
Jumlah seluruh modal saham Total shares capital issued
ditempatkan dan disetor penuh and fully paid
termasuk dengan saham treasuri 25,131,606,843 100.00% 1,612,257 include treasury shares
Saham biasa kelas A dan saham biasa kelas B adalah Class A and class B ordinary shares are ordinary shares that
saham biasa yang memiliki hak yang sama. have the same rights.
Jumlah saham yang beredar dan disetor penuh yang dimiliki The total number of shares issued and fully paid owned by
oleh Dewan Direksi adalah: Board of Directors were as follows:
2023 2022 2021
Ibu Lani Darmawan 1,156,601 776,401 509,801 Mrs. Lani Darmawan
Ibu Fransiska Oei 774,401 544,501 370,401 Mrs. Fransiska Oei
Bpk. John Simon 747,501 508,201 341,701 Mr. John Simon
Bpk. Rusly Johannes 635,501 451,101 332,101 Mr. Rusly Johannes
Bpk. Pandji P Djajanegara 594,426 411,426 278,326 Mr. Pandji P. Djajanegara
Bpk. Lee Kai Kwong 465,700 224,600 98,900 Mr. Lee Kai Kwong
Ibu Tjioe Mei Tjuen 163,300 25,500 - Mrs. Tjioe Mei Tjuen
Bpk. Joni Raini 128,801 45,001 - Mr. Joni Raini
Bpk. Henky Sulistyo 51,600 - - Mr. Henky Sulistyo
Halaman – 5/178 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 802
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TREASURI (lanjutan) TREASURY SHARES (continued)
Modal Saham (lanjutan) Share Capital (continued)
CIMB Group Sdn Bhd, Malaysia seluruhnya dimiliki oleh CIMB Group Sdn Bhd, Malaysia is wholly owned by CIMB
CIMB Group Holdings Berhad, Malaysia. Pemegang saham Group Holdings Berhad, Malaysia. The ultimate
akhir CIMB Group Holdings Berhad pada tanggal shareholders of CIMB Group Holdings Berhad as at
31 Desember 2023, 2022, dan 2021 adalah: 31 December 2023, 2022, and 2021 were as follows:
Persentase kepemilikan/
Pemegang saham Percentage of ownership Shareholders
2023 2022 2021
Khazanah Nasional Berhad 23.00% 24.10% 25.72% Khazanah Nasional Berhad
Employee Provident Fund 13.80% 12.90% 15.34% Employee Provident Fund
Lain-lain dan Masyarakat 63.20% 63.00% 58.94% Others and Public
100.00% 100.00% 100.00%
Khazanah Nasional Berhad adalah entitas yang dimiliki oleh Khazanah Nasional Berhad is an entity owned by the
Pemerintah Malaysia. Government of Malaysia.
Saham Treasuri Treasury Shares
Pembelian saham treasuri akan digunakan sebagai Purchase of treasury shares will be used to provide variable
pemberian remunerasi yang bersifat variabel dalam bentuk remuneration in the form of shares or share-based
saham atau instrumen yang berbasis saham. Pemberian instruments. The remuneration in the form of shares is
remunerasi berbentuk saham tersebut dilakukan dengan carried out in 2 schemes, which are: Management
2 skema yaitu: Management Employee Stock Option Employee Stock Option Programme (“MESOP”) and
Programme (“MESOP”) dan Material Risk Takers (“MRT”). Material Risk Takers (“MRT”).
Management Employee Stock Option Programme Management Employee Stock Option Programme
(“MESOP”) (“MESOP”)
Pada tanggal 25 Juli 2017, Bank CIMB Niaga telah On 25 July 2017, Bank CIMB Niaga has obtained the OJK
mendapatkan persetujuan OJK melalui surat approval through letter No.S-63/PB.33/2017 dated
No.S-63/PB.33/2017 tanggal 27 Juli 2017, untuk membeli 27 July 2017, to buy back its shares in a maximum of 2% of
sahamnya kembali sejumlah maksimal 2% dari jumlah the total issued and fully paid shares which will then be used
saham yang telah dikeluarkan dan disetor penuh yang as a MESOP which was effective in 2018.
selanjutnya akan digunakan sebagai Program Kepemilikan
Saham (MESOP) yang efektif di tahun 2018.
Atas sisa saham treasuri yang tidak dieksekusi dalam For the remaining treasury shares that are not executed in
program MESOP tersebut, Bank CIMB Niaga akan the MESOP program, Bank CIMB Niaga will release the
mengalihkan sisa saham treasuri tersebut sesuai dengan remaining treasury shares in accordance with applicable
ketentuan yang berlaku. Sepanjang tahun 2023, saham regulations. For the year in 2023, the treasury shares that
treasuri yang telah dialihkan kembali adalah sebanyak have been released back are 88,730,000 (full amount)
88.730.000 (nilai penuh) lembar saham. shares.
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Page 803
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
33. MODAL SAHAM, TAMBAHAN MODAL DISETOR, DAN 33. SHARE CAPITAL, ADDITIONAL PAID-IN CAPITAL,
SAHAM TREASURI (lanjutan) TREASURY SHARES (continued)
Saham Treasuri (lanjutan) Treasury Shares (continued)
Material Risk Taker (“MRT”) Material Risk Taker (“MRT”)
Sesuai dengan POJK No. 45/POJK.03/2015 tanggal In accordance with POJK No. 45/POJK.03/2015 dated
23 Desember 2015 tentang Penerapan Tata Kelola Dalam 23 December 2015 concerning the Implementation of
Pemberian Remunerasi Bagi Bank Umum, Bank diwajibkan Governance in Providing Remuneration for Commercial
untuk memberikan remunerasi yang bersifat variabel dalam Banks, Banks are required to provide variable remuneration
bentuk saham atau instrumen yang berbasis saham kepada in the form of shares or share-based instruments to parties
pihak-pihak yang telah ditetapkan sebagai Material Risk that have been designated as Material Risk Taker (“MRT”).
Taker (“MRT”).
Bank CIMB Niaga telah mendapatkan persetujuan OJK Bank CIMB Niaga has obtained the OJK approval through
melalui surat No.S-19/PB.33/2019 tanggal 25 Maret 2019, letter No.S-19/PB.33/2019 dated 25 March 2019, to
dimana Bank CIMB Niaga diperbolehkan untuk melakukan repurchase shares of a maximum of 20,000,000 (full amount)
pembelian kembali saham maksimal hingga 20.000.000 shares at a cost of up to Rp 25,000.
(nilai penuh) saham dengan biaya sebesar-besarnya
Rp 25.000.
Selama tahun yang berakhir 31 Desember 2023, jumlah During the year ended 31 December 2023, the total treasury
saham treasuri yang telah diberikan ke karyawan adalah shares which were granted to employees were 2,585,200
sebanyak 2.585.200 (nilai penuh) lembar saham (full amount) shares (2022: 1,428,200 (full amount) shares;
(2022: 1.428.200 (nilai penuh) lembar saham; 2021: 2021: 2,096,900 (full amount) shares).
2.096.900 (nilai penuh) lembar saham).
Informasi mengenai MESOP dan program MRT Information in respect of MESOP and MRT programme is
diungkapkan pada Catatan 45. disclosed in Note 45.
34. PENGGUNAAN LABA BERSIH 34. APPROPRIATION OF NET INCOME
Cadangan umum dan wajib General and statutory reserve
Pada tanggal 31 Desember 2023, 2022, dan 2021, cadangan As at 31 December 2023, 2022, and 2021, the general and
umum dan wajib adalah Rp 351.538. Cadangan umum dan statutory reserve amounting to Rp 351,538. This general
wajib ini dibentuk sehubungan dengan Undang-Undang and statutory reserve was provided in relation with the Law
Republik Indonesia No. 1/1995 yang telah digantikan dengan of the Republic of Indonesia No.1/1995 which has been
Undang-Undang No. 40/2007 efektif tanggal replaced with Law No. 40/2007 effective on 16 August 2007
16 Agustus 2007 mengenai Perseroan Terbatas, yang regarding the limited company, which requires companies
mengharuskan perusahaan-perusahaan untuk membuat to set up a general reserve at least 20% of the issued and
penyisihan cadangan umum sebesar sekurang-kurangnya paid up share capital. Such Law does not provide term for
20% dari jumlah modal yang ditempatkan dan disetor penuh. such reserve.
Undang-Undang tersebut tidak mengatur jangka waktu untuk
penyisihan tersebut.
Pada tanggal 10 Mei 2023, Bank CIMB Niaga melaksanakan As at 10 May 2023, Bank CIMB Niaga distributed cash
pembayaran dividen tunai dari laba bersih tahun buku 2022 dividends amounting Rp 2,871,841,786,305 (full amount)
sebesar Rp 2.871.841.786.305 (nilai penuh) berdasarkan from net income of financial year 2022 based on General
keputusan Rapat Umum Pemegang Saham (“RUPS”) Meeting of Shareholders dated 10 April 2023.
tanggal 10 April 2023.
Halaman – 5/180 – Page
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Page 804
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
34. PENGGUNAAN LABA BERSIH (lanjutan) 34. APPROPRIATION OF NET INCOME (continued)
Cadangan umum dan wajib (lanjutan) General and statutory reserve (continued)
Pada tanggal 28 April 2022, Bank CIMB Niaga melaksanakan As at 28 April 2022, Bank CIMB Niaga distributed cash
pembayaran dividen tunai dari laba bersih tahun buku 2021 dividends amounting Rp 2,345,685,784,827 (full amount)
sebesar Rp 2.345.685.784.827 (nilai penuh) berdasarkan from net income of financial year 2021 based on General
keputusan Rapat Umum Pemegang Saham (“RUPS”) Meeting of Shareholders dated 8 April 2022.
tanggal 8 April 2022.
Pada tanggal 7 Mei 2021, Bank CIMB Niaga melaksanakan As at 7 May 2021, Bank CIMB Niaga distributed cash
pembayaran dividen tunai dari laba bersih tahun buku 2020 dividends amounting Rp 1,098,577,683,881 (full amount)
sebesar Rp 1.098.577.683.881 (nilai penuh) berdasarkan from net income of financial year 2020 based on General
keputusan Rapat Umum Pemegang Saham (“RUPS”) Meeting of Shareholders dated 9 April 2021.
tanggal 9 April 2021.
35. PENDAPATAN BUNGA DAN SYARIAH 35. INTEREST AND SHARIA INCOME
2023 2022 2021
Kredit yang diberikan 15,642,534 13,539,261 13,786,362 Loans
Efek-efek, Obligasi Pemerintah, dan Marketable securities, Government
efek-efek yang dibeli dengan janji dijual Bonds, and securities purchased
kembali 5,059,982 4,257,911 4,210,734 under resale agreement
Pembiayaan konsumen 1,175,254 1,028,224 647,125 Consumer financing
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 247,945 173,062 167,760 and Bank Indonesia
Giro pada bank lain Current account with other banks
dan Bank Indonesia 180,285 115,736 50,970 and Bank Indonesia
22,306,000 19,114,194 18,862,951
Termasuk dalam pendapatan bunga konsolidasian adalah Included in consolidated interest income is income based on
pendapatan berdasarkan prinsip syariah untuk tahun yang sharia principles for the year ended 31 December 2023
berakhir 31 Desember 2023 adalah Rp 4.917.548 amounting to Rp 4,917,548 (2022: Rp 3,556,484; 2021:
(2022: Rp 3.556.484; 2021: Rp 3.111.372). Rp 3,111,372).
Pendapatan bunga berdasarkan klasifikasi aset keuangan Interest income based on the classification of financial
adalah: assets are as follows:
2023 2022 2021
Biaya perolehan diamortisasi 19,199,748 16,622,477 16,107,437 Amortised cost
Diukur pada nilai wajar melalui Fair value through other
penghasilan komprehensif lain 2,092,928 1,924,091 2,295,228 comprehensive income
Diukur pada nilai wajar melalui
laba rugi 1,013,324 567,626 460,286 Fair value through profit and loss
22,306,000 19,114,194 18,862,951
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PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 805
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
35. PENDAPATAN BUNGA DAN SYARIAH (lanjutan) 35. INTEREST AND SHARIA INCOME (continued)
Termasuk dalam pendapatan bunga dari kredit yang Included in interest income from loans is interest income
diberikan adalah pendapatan bunga atas bagian yang tidak recognised on the unimpaired portion of the impaired loans
mengalami penurunan nilai terhadap kredit yang diberikan (time value unwinding) for the year 31 December 2023
yang mengalami penurunan nilai (time value unwinding) amounting to Rp 175,190 (2022: Rp 238,197; 2021:
untuk tahun yang berakhir 31 Desember 2023 adalah Rp 236,826).
Rp 175.190 (2022: Rp 238.197; 2021: Rp 236.826).
Lihat Catatan 48 untuk transaksi dengan pihak-pihak Refer to Note 48 for transactions with related parties.
berelasi.
36. BEBAN BUNGA DAN SYARIAH 36. INTEREST AND SHARIA EXPENSES
2023 2022 2021
Simpanan nasabah: Deposits from customers:
Deposito berjangka dan Sertifikat Deposito Time deposits and certificates of deposits
Diukur pada biaya perolehan diamortisasi 2,736,847 1,629,064 1,951,130 Measured at amortised cost
Diukur pada nilai wajar melalui laba rugi 1,347,455 689,076 546,069 Measured at fair value through profit or loss
Tabungan 2,086,398 1,481,153 1,531,138 Saving deposits
Giro 1,543,819 1,106,708 997,968 Demand deposits
Efek-efek yang dijual Securities sold under
dengan janji dibeli kembali 725,624 69,705 66,321 repurchase agreement
Pinjaman yang diterima dan Borrowings and
obligasi subordinasi 314,525 242,465 126,872 subordinated bonds
Efek-efek yang diterbitkan 172,905 359,038 496,690 Marketable securities issued
Simpanan dari bank lain 12,040 12,210 19,877 Deposits from other banks
Lain-lain 14,004 48,637 38,026 Others
8,953,617 5,638,056 5,774,091
Termasuk dalam beban bunga adalah beban bunga Included in interest expense is interest expense based on
berdasarkan prinsip syariah untuk tahun yang berakhir sharia principle for the year ended 31 December 2023
31 Desember 2023 adalah Rp 2.679.161 (2022: amounting to Rp 2,679,161 (2022: Rp 1,597,072; 2021:
Rp 1.597.072; 2021: Rp 1.211.801). Rp 1,211,801).
Lihat Catatan 48 untuk transaksi dengan pihak berelasi. Refer to Note 48 for transactions with related parties.
37. PROVISI DAN KOMISI LAINNYA 37. OTHER FEES AND COMMISSIONS
2023 2022 2021
Pendapatan bancassurance 1,116,896 790,286 672,120 Bancassurance income
Jasa administrasi nasabah 563,350 586,882 627,171 Customer administration fees
Jasa arranging 294,188 262,415 217,784 Arranging fee
Jasa kliring dan transfer 100,843 91,995 89,049 Clearing and transfer fees
Jasa dokumen ekspor-impor 98,798 109,158 150,632 Export-import document fees
Jasa servis kustodian 91,510 107,302 129,582 Custodial services fees
Pendapatan annual fee 79,859 51,394 46,331 Annual fee income
Pendapatan interchange fee kartu kredit 7,786 71,441 117,517 Credit card interchange fee income
Lain-lain* 801,600 342,532 216,098 Others*
3,154,830 2,413,405 2,266,284
* Termasuk di dalam Lain-lain adalah keuntungan atas penjualan kredit bermasalah Included in Others are gains on sale of non-performing loans *
Halaman – 5/182 – Page
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Page 806
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
37. PROVISI DAN KOMISI LAINNYA (lanjutan) 37. OTHER FEES AND COMMISSIONS (continued)
Provisi dan komisi lainnya yang masih harus dibayar dengan Other fees and commissions with related parties are
pihak berelasi diungkapkan pada Catatan 48. disclosed in Note 48.
38. KERUGIAN PENURUNAN NILAI ATAS ASET 38. IMPAIRMENT LOSSES ON FINANCIAL AND NON-
KEUANGAN DAN NONKEUANGAN - BERSIH FINANCIAL ASSETS - NET
2023 2022 2021
Pembentukan/(pemulihan) Addition/(reversal)
kerugian penurunan nilai atas: of impairment losses on:
Aset keuangan Financial assets
Kredit yang diberikan 1,730,551 3,239,241 4,188,960 Loans
Tagihan akseptasi (11,195) (19,733) (91,525) Acceptance receivables
Piutang pembiayaan konsumen 293,358 204,820 70,571 Consumer financing receivables
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - (69) (83) and Bank Indonesia
Efek-efek 29,646 446 (152,953) Marketable securities
Estimasi kerugian atas Estimated losses on
komitmen dan kontinjensi (191,406) 150,116 110,148 commitments and contingencies
Aset nonkeuangan Non-financial assets
Aset lain-lain 5,291 198,099 8,382 Other assets
Aset yang diambil alih 150,368 40,789 36,388 Foreclosed assets
2,006,613 3,813,709 4,169,888
39. KEUNTUNGAN DARI INSTRUMEN KEUANGAN YANG 39. GAINS FROM FINANCIAL INSTRUMENTS MEASURED
DIUKUR PADA NILAI WAJAR MELALUI LABA RUGI - AT FAIR VALUE THROUGH PROFIT OR LOSS - NET
BERSIH
2023 2022 2021
Derivatif 992,645 1,951,558 929,429 Derivatives
Obligasi Pemerintah 131,454 16,837 (109,833) Government Bonds
Efek-efek (26,680) (14,463) (13,074) Marketable securities
1,097,419 1,953,932 806,522
40. KEUNTUNGAN DARI PENJUALAN EFEK-EFEK - BERSIH 40. GAINS FROM SALE OF MARKETABLE SECURITIES -
NET
2023 2022 2021
Obligasi Pemerintah 478,174 690,451 1,108,148 Government Bonds
Efek-efek 47,333 49,992 13,953 Marketable securities
525,507 740,443 1,122,101
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Page 807
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
40. KEUNTUNGAN DARI PENJUALAN EFEK-EFEK - BERSIH 40. GAINS FROM SALE OF MARKETABLE SECURITIES -
(lanjutan) NET (continued)
Keuntungan dari penjualan efek-efek dan Obligasi Gains from sale of marketable securities and
Pemerintah berdasarkan klasifikasinya adalah: Government Bonds based on its classifications:
2023 2022 2021
Diukur pada nilai wajar melalui laba rugi 465,268 351,534 419,047 Fair value through profit or loss
Diukur pada nilai wajar melalui penghasilan Fair value through other comprehensive
komprehensif lain 60,239 388,909 703,054 income
525,507 740,443 1,122,101
41. BEBAN TENAGA KERJA 41. PERSONNEL EXPENSES
2023 2022 2021
Gaji dan upah 2,563,578 2,416,597 2,412,919 Salaries and wages
Tunjangan karyawan 2,204,497 2,104,041 1,923,590 Allowances for employees
Pelatihan dan pendidikan 179,337 154,469 145,168 Trainings and educations
4,947,412 4,675,107 4,481,677
Termasuk di dalam beban tenaga kerja adalah tunjangan Included in personnel expenses are bonus and vacation pay
bonus dan Tunjangan Hari Raya (“THR”), pensiun, liabilitas (“THR”), pension, other post retirement obligations, and
imbalan pascakerja lainnya, dan tantiem untuk tahun yang tantiem for the year ended 31 December 2023 amounting
berakhir 31 Desember 2023 sebesar Rp 1.528.689 to Rp 1,528,689 (2022: Rp 1,358,396; 2021: Rp 1,009,992).
(2022: Rp 1.358.396; 2021: Rp 1.009.992).
Termasuk di dalam beban tenaga kerja adalah gaji dan Included in personnel expenses are also salaries and other
kompensasi lainnya yang dibayarkan kepada Dewan allowances for Board of Commissioners, Board of Directors,
Komisaris, Dewan Direksi, dan Pejabat Eksekutif Bank and Executive Bank Officers of Bank CIMB Niaga as follows:
CIMB Niaga adalah:
2023 2022 2021
Dewan Komisaris Board of Commissioners
Gaji dan tunjangan 24,082 19,751 15,145 Salaries and allowances
Bonus dan THR 1,105 1,030 1,223 Bonus and Vacation Pay
25,187 20,781 16,368
Dewan Direksi Board of Directors
Gaji dan tunjangan 65,691 57,995 55,779 Salaries and allowances
Bonus dan THR 77,014 50,855 32,173 Bonus and Vacation Pay
Kompensasi berbasis saham 12,867 15,160 14,068 Share-based payments
Pensiun 4,464 3,945 3,696 Pension
160,036 127,955 105,716
Pejabat Eksekutif Bank Executive Bank Officers
Gaji dan tunjangan 199,876 197,933 190,161 Salaries and allowances
Bonus dan THR 166,889 125,473 103,693 Bonus and Vacation Pay
Kompensasi berbasis saham 6,673 14,236 10,647 Share-based payments
Pensiun 12,444 12,307 13,262 Pension
385,882 349,949 317,763
571,105 498,685 439,847
Halaman – 5/184 – Page
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Page 808
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
42. BEBAN UMUM DAN ADMINISTRASI 42. GENERAL AND ADMINISTRATIVE EXPENSES
2023 2022 2021
Telepon, telex, komputer Telephone, telex, computer
dan amortisasi software 1,282,731 1,419,440 1,269,879 and software amortisation
Sewa, penyusutan, dan pemeliharaan Rental, depreciation, and
gedung 668,683 851,253 934,497 maintenance of building
Biaya pihak ketiga 452,521 400,522 441,649 Outsourced service expenses
Iklan dan promosi 419,824 333,202 283,745 Advertising and promotion
Jasa profesional 163,484 181,662 218,542 Professional fees
Biaya tahunan Otoritas Jasa Financial Services Authority
Keuangan (OJK) 152,247 158,036 122,920 annual fee
Biaya penagihan 106,918 108,374 65,803 Collection expenses
Transportasi 82,131 33,148 37,538 Transportation
Perlengkapan kantor 71,339 59,509 64,849 Office supplies
Penyusutan dan pemeliharaan Depreciation and maintenance
kendaraan bermotor 65,572 59,635 64,667 of vehicles
Penyusutan dan pemeliharaan Depreciation and maintenance
perabot kantor 59,290 65,034 66,617 of office furniture
Listrik dan air 54,358 56,864 56,179 Electricity and water
Premi asuransi 6,817 8,353 8,694 Insurance premium
Lain-lain 29,854 23,253 57,433 Others
3,615,769 3,758,285 3,693,012
43. PENDAPATAN BUKAN OPERASIONAL - BERSIH 43. NON-OPERATING INCOME - NET
2023 2022 2021
Pendapatan sewa 5,595 6,544 5,662 Rental income
Keuntungan/(kerugian) atas penjualan aset tetap 5,076 (3,580) 2,267 Gains/(losses) on sale of fixed assets
Denda (1,299) (275) (210) Fines
Lain-lain - bersih 152,520 8,281 64,987 Others - net
161,892 10,970 72,706
44. LIABILITAS IMBALAN KERJA 44. EMPLOYEE BENEFIT OBLIGATIONS
Liabilitas imbalan kerja terdiri dari: Employee benefit obligations consist as follows:
2023 2022 2021
Beban bonus
yang masih harus dibayar 842,499 820,768 587,655 Accrued bonus
Pensiun dan liabilitas imbalan Pension and other post
pascakerja lainnya 698,096 641,254 767,400 retirement obligations
1,540,595 1,462,022 1,355,055
Pada tanggal 31 Desember 2023, jumlah karyawan Bank As at 31 December 2023, the total Bank CIMB Niaga
CIMB Niaga yang memperoleh imbalan pensiun dan employees who are eligible for retirement and other
imbalan kerja lainnya adalah 9.931 (2022: 9.740; 2021: employee benefits were 9,931 (2022: 9,740; 2021: 10,021).
10.021).
Halaman – 5/185 – Page
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Page 809
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Sesuai dengan kebijakan Bank CIMB Niaga, pegawai In accordance with Bank CIMB Niaga’s policy, employees
mendapat fasilitas imbalan pensiun dan imbalan kerja are entitled to the pension benefit and other long term
jangka panjang lainnya, sebagai berikut: benefit, as follows:
Imbalan pensiun Pension benefits
Pada tanggal 31 Desember 2023, 2022 dan 2021, As at 31 December 2023, 2022 and 2021, Bank CIMB
penilaian liabilitas pensiun dilakukan oleh Bank CIMB Niaga’s calculation of pension obligation using actuarial
Niaga menggunakan asumsi-asumsi penilaian aktuaria assumptions, were calculated by Kantor Konsultan Aktuaria
yang dihitung oleh Kantor Konsultan Aktuaria Steven & Steven & Mourits (formerly PT Dayamandiri
Mourits (dahulu PT Dayamandiri Dharmakonsolindo) Dharmakonsolindo) as stated in their report dated
sebagaimana tercatat dalam laporannya masing-masing 2 January 2024, 10 January 2023 and 11 January 2022,
tertanggal 2 Januari 2024, 10 Januari 2023 dan 11 Januari respectively using the “Projected Unit Credit” method.
2022 dengan menggunakan metode “Projected Unit
Credit”.
Bank CIMB Niaga menyelenggarakan 2 (dua) program Bank CIMB Niaga sponsors 2 (two) pension employee
pensiun yang terdiri dari program pensiun manfaat pasti program plans consisting of a defined benefit plan and
dan program iuran pasti sebagai berikut: defined contribution plan, as follows:
a. Manfaat pasti a. Defined benefit plan
Manfaat pasti diselenggarakan untuk sebagian Bank CIMB Niaga sponsors a defined benefit pension
karyawan tetap Bank CIMB Niaga yang dikelola dan retirement program covering a certain number of its
diadministrasikan oleh Dana Pensiun Bank CIMB permanent employees which is managed and
Niaga. administered by Dana Pensiun Bank CIMB Niaga.
Program tersebut memberikan manfaat pensiun yang The plan calls for benefits to be paid to eligible
akan dibayarkan kepada karyawan yang berhak pada employees at retirement or when the employees resign
saat karyawan pensiun atau pada saat karyawan according to the pension fund regulation which is
tersebut berhenti sesuai dengan peraturan dana designed to comply with Pension Fund Regulation.
pensiun yang bersangkutan yang dibuat sesuai dengan The benefits paid at retirement are calculated based
Undang-Undang Dana Pensiun. Manfaat pensiun on the pension benefit formula as set forth in the
dihitung berdasarkan formula manfaat pensiun Regulation of Pension Funds.
sebagaimana tertuang dalam Peraturan Dana Pensiun.
Pendanaan program pensiun ini dilakukan oleh Bank Bank CIMB Niaga has funded the plan through annual
CIMB Niaga dengan membayar iuran tahunan yang contributions which are sufficient to meet the minimum
setidaknya memenuhi jumlah minimum seperti yang requirements set forth in applicable pension fund laws.
diharuskan oleh peraturan perundang-undangan dana
pensiun yang berlaku.
Jumlah iuran ini umumnya meliputi imbalan pensiun This contribution usually reflects benefits attributed to
untuk jasa karyawan masa kini, amortisasi biaya jasa employees’ current service costs, as well as
lalu, dan koreksi aktuarial. amortisation of past service cost, and actuarial
adjustments.
Halaman – 5/186 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 810
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the
laporan aktuaria tanggal 2 Januari 2024, 10 Januari actuarial report dated 2 January 2024, 10 January
2023 dan 11 Januari 2022 dalam menghitung liabilitas 2023 and 11 January 2022 to calculate the retirement
pensiun masing-masing pada tanggal 31 Desember benefits liability as at 31 December 2023, 2022 and
2023, 2022 dan 2021. 2021, respectively.
Asumsi-asumsi utama yang digunakan oleh aktuaris The key assumptions used by the independent actuary
independen dalam perhitungan adalah: in calculation are as follows:
2023 2022 2021
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 6.70% per tahun/ 7.30% per tahun/ 7.30% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Proyeksi kenaikan pensiun di masa datang 5% per tahun/ 5% per tahun/ 5% per tahun/ Expected future pension increases
per annum per annum per annum
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Imbal hasil atas aset program 6.70% per tahun/ 7.30% per tahun/ 7.30% per tahun/ Implied rate of return on plan assets
per annum per annum per annum
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Jumlah yang diakui di laporan posisi keuangan The amounts recognised in the consolidated statements
konsolidasian ditentukan sebagai berikut: of financial position are determined as follows:
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Nilai wajar aset program 540,179 551,123 535,722 Fair value of plan assets
Nilai kini liabilitas manfaat Present value of funded
pasti yang didanai (604,603) (609,796) (748,913) defined benefit obligation
(64,424) (58,673) (213,191)
Entitas Anak (67,451) (70,135) (82,148) Subsidiaries
Liabilitas di laporan posisi keuangan Liability recognised in consolidated
konsolidasian (131,875) (128,808) (295,339) statements of financial position
Halaman – 5/187 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 811
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Mutasi nilai kini liabilitas manfaat pasti yang didanai The movement in the present value of funded defined
selama tahun berjalan adalah sebagai berikut: benefit obligations of the year are as follows:
2023 2022 2021
Present value of
Nilai kini liabilitas pada awal tahun 609,796 748,913 741,204 obligation at beginning of the year
Biaya bunga 42,757 46,982 29,717 Interest cost
Biaya jasa kini - bruto 13,007 (170,001) 14,296 Current service cost - gross
Pembayaran imbalan pada tahun berjalan (70,783) (65,407) (69,191) Benefit payments in current year
Pengukuran kembali: Remeasurements:
Kerugian aktuarial yang Actuarial losses from changes in
timbul dari perubahan asumsi keuangan 19,061 4,194 59,668 financial assumption
(Keuntungan)/kerugian aktuarial yang Actuarial (gains)/losses from changes in
timbul dari penyesuaian pengalaman (9,235) 45,115 (26,781) experience adjustments
Present value of
Nilai kini liabilitas pada akhir tahun 604,603 609,796 748,913 obligation at end of the year
Rekonsiliasi nilai wajar aset program adalah: The reconciliation of fair value of plan assets is as
follows:
2023 2022 2021
Saldo awal 551,123 535,722 531,655 Beginning balance
Bunga 38,606 41,437 38,324 Interest
Kontribusi perusahaan 36,863 40,323 40,392 Company's contributions
Kontribusi karyawan 3,273 3,239 3,620 Employees' contributions
Kerugian aktuarial (18,903) (4,191) (9,078) Actuarial loss
Pembayaran selama tahun berjalan (70,783) (65,407) (69,191) Benefits payments during the year
Saldo akhir 540,179 551,123 535,722 Ending balance
Aset program terdiri dari: Plan assets comprise the following:
2023 2022 2021
Dikuotasi/ Tidak dikuotasi/ Jumlah/ Dikuotasi/ Tidak dikuotasi/ Jumlah/ Dikuotasi/ Tidak dikuotasi/ Jumlah/
Quoted Unquoted Total Quoted Unquoted Total Quoted Unquoted Total
Instrumen ekuitas Equity instrument
Saham 112,090 - 112,090 115,859 - 115,859 92,520 - 92,520 Stocks
Reksadana 12,089 - 12,089 27,414 - 27,414 45,355 - 45,355 Mutual fund
Penempatan langsung - 164,925 164,925 - 164,941 164,941 - 152,291 152,291 Direct placement
Instrumen utang Debt instrument
Obligasi 24,941 - 24,941 14,287 - 14,287 29,045 - 29,045 Bonds
Surat berharga pemerintah 187,254 - 187,254 189,793 - 189,793 175,859 - 175,859 Government bonds
Kas dan setara kas Cash and cash equivalent
Deposito on call - 2,768 2,768 - 4,128 4,128 - 4,943 4,943 Deposit on call
Deposito - 3,523 3,523 - 7,047 7,047 - 1,513 1,513 Deposit
Lain-lain - 32,589 32,589 - 27,654 27,654 - 34,196 34,196 Others
Jumlah 336,374 203,805 540,179 347,353 203,770 551,123 342,779 192,943 535,722 Total
Halaman – 5/188 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 812
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Jumlah yang diakui di laba rugi adalah: The amounts recognised in profit or loss are as follows:
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Biaya jasa kini (9,734) 173,240 (10,676) Current service cost
Bunga bersih (4,151) (5,545) 8,607 Net Interest
(13,885) 167,695 (2,069)
Entitas Anak (1,998) (13,092) (18,991) Subsidiaries
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (15,883) 154,603 (21,060) expenses
Mutasi saldo liabilitas yang diakui di dalam laporan The liability movement recognised in the consolidated
posisi keuangan konsolidasian adalah: statements of financial position:
2023 2022 2021
Saldo awal (58,673) (213,191) (209,549) Beginning balance
(Beban)/pendapatan tahun berjalan (13,885) 167,695 (2,069) Current year (expenses)/income
Jumlah yang diakui pada pendapatan Total amount recognised in other
komprehensif lain (28,729) (53,500) (41,965) comprehensive income
Kontribusi pemberi kerja terhadap Employer contribution
dana pensiun 36,863 40,323 40,392 to the pension fund
(64,424) (58,673) (213,191)
Entitas Anak (67,451) (70,135) (82,148) Subsidiaries
Saldo akhir (131,875) (128,808) (295,339) Ending balance
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligation to changes
perubahan asumsi aktuaria adalah sebagai berikut: in the weighted assumptions is as follows:
Dampak terhadap kewajiban manfaat pasti/
Impact on defined benefit obligation
2023 2022 2021
Nilai kini kewajiban Nilai kini kewajiban Nilai kini kewajiban
manfaat pasti/ manfaat pasti/ manfaat pasti/
Perubahan Asumsi/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/
Change in Assumption defined benefit obligation Current service cost defined benefit obligation Current service cost defined benefit obligation Current service cost
Tingkat diskonto Kenaikan/Increase 1% 592,457 (12,146) 596,865 (12,931) 734,343 (14,570) Discount rate
Penurunan/Decrease 1% 617,760 13,157 623,838 14,042 764,773 15,860
Tingkat kenaikan gaji Kenaikan/Increase 1% 617,704 13,101 623,818 14,022 764,640 15,727 Salary increase rate
Penurunan/Decrease 1% 592,284 (12,319) 596,650 (13,146) 734,202 (14,711)
Analisis sensitivitas didasarkan pada perubahan atas The sensitivity analysis is based on a change in one
satu asumsi aktuarial dimana asumsi lainnya dianggap assumption while holding all other assumptions
konstan. Dalam perhitungan sensitivitas kewajiban constant. When calculating the sensitivity of the defined
imbalan pasti atas asumsi aktuarial utama, metode benefit obligation to significant actuarial assumptions,
yang sama (perhitungan nilai kini kewajiban imbalan the same method (present value of the defined benefit
pasti dengan menggunakan metode projected unit obligation calculated with the projected unit credit
credit di akhir tahun pelaporan) telah diterapkan seperti method at the end of the reporting year) has been
dalam penghitungan kewajiban pensiun yang diakui applied as when calculating the pension liability
dalam laporan posisi keuangan konsolidasian. recognised within the consolidated statements of
financial position.
Halaman – 5/189 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 813
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
a. Manfaat pasti (lanjutan) a. Defined benefit plan (continued)
Investasi telah terdiversifikasi dengan baik, sehingga Investments are well-diversified, such that the failure of
kinerja buruk satu investasi tidak akan memberikan any single investment would not have a material impact
dampak material bagi seluruh kelompok aset. Proporsi to the overall group of assets. The largest proportion of
terbesar aset investasi ditempatkan pada instrumen assets are invested in equity and debt instruments.
ekuitas dan utang. Diyakini bahwa instrumen ekuitas Equity and debt instruments are expected to contribute
dan utang memberikan imbal hasil yang paling baik best yields in long term at the acceptable risk level. For
dalam jangka panjang pada tingkatan risiko yang dapat defined benefit program most of equity instruments are
diterima. Untuk program manfaat pasti sebagian stocks and direct placement.
instrumen ekuitas merupakan saham dan penempatan
langsung.
Hasil yang diharapkan dari aset program ditentukan The expected return on plan assets is determined by
dengan mempertimbangkan imbal hasil yang considering the expected returns available on the
diharapkan atas aset yang mengacu pada kebijakan assets in accordance to the current investment policy.
investasi. Hasil investasi bunga tetap didasarkan pada Expected yields on fixed interest investments are based
hasil pengembalian bruto pada tanggal pelaporan. on gross redemption yields as of the reporting date.
Hasil yang diharapkan dari investasi ekuitas dan Expected returns on equity and property investments
properti mencerminkan tingkat imbal hasil jangka reflect long-term real rates of return experienced in the
panjang aktual yang terjadi untuk tiap-tiap pasar. respective markets.
Kontribusi Bank untuk program manfaat pasti untuk The Bank’s contribution to the defined benefit plan for
tahun 2023, 2022 dan 2021 masing masing sebesar Rp the year 2023, 2022 and 2021 are Rp 36,863,
36.863, Rp 40.323 dan Rp 40.392. Rp 40,323 and Rp 40,392, respectively.
Risiko yang terekspos pada program manfaat pasti The exposed risks in defined benefit pension plan is the
adalah adanya tingkat hasil investasi dibawah asumsi lower return on investment compared to assumption on
tingkat diskonto dan kenaikan gaji aktual yang lebih discount rate and the increase of actual salary is higher
besar dari asumsi. Hal tersebut menimbulkan than its assumption. These will cause an increase in
peningkatan iuran yang dibayarkan kepada Dana benefit paid to Pension Fund.
Pensiun.
Analisis jatuh tempo yang diharapkan Expected maturity analysis (undiscounted) of pension
(tidak didiskontokan) dari manfaat pensiun adalah benefit is as follows:
sebagai berikut:
Manfaat pasti/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Defined benefit Within 1 year Between 1 to 5 years Over 5 years Total
2023 28,329 125,487 1,542,256 1,696,072
2022 33,544 124,683 1,699,690 1,857,917
2021 28,308 130,801 1,874,663 2,033,772
Halaman – 5/190 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 814
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti b. Defined contribution plan
Program Iuran Pasti dikelola oleh Dana Pensiun The defined contributions program is managed by
Lembaga Keuangan AIA dan Dana Pensiun Lembaga Lembaga Keuangan AIA and Dana Pensiun Lembaga
Keuangan Manulife. Keuangan Manulife.
Berdasarkan Undang-Undang terkait Under the Law related to Labor, the entity is required to
Ketenagakerjaan, entitas diwajibkan membayar pay a certain amount to employees who have entered a
jumlah tertentu kepada para pekerja yang telah retirement age determined based on their years of
memasuki usia pensiun yang ditentukan berdasarkan service. On this basis, for the purpose of financial
masa kerjanya. Atas dasar hal tersebut, untuk tujuan reporting, Bank CIMB Niaga is required to establish an
pelaporan keuangan, Bank CIMB Niaga wajib allowance based on the value in accordance with the Law
membentuk pencadangan berdasarkan nilai sesuai related to Labor, taking into account the contributions that
dengan Undang-Undang terkait Ketenagakerjaan have been paid-in the defined contribution program.
tersebut dengan mempertimbangkan iuran yang
sudah dibayarkan dalam program iuran pasti.
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the actuary
laporan aktuaria tanggal 2 Januari 2024, 10 Januari report dated 2 January 2024, 10 January 2023 and
2023 dan 11 Januari 2022 dalam menghitung liabilitas 11 January 2022 to calculate the retirement benefits
pensiun pada tanggal 31 Desember 2023, 2022, dan liability as at 31 December 2023, 2022 and 2021.
2021.
Asumsi-asumsi utama yang digunakan dalam The key assumptions used by the independent actuary
menentukan biaya imbalan pensiun oleh aktuaris for the calculation of pension benefit expenses, are as
independen adalah: follows:
2023 2022 2021
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 6.70% per tahun/ 7.20% per tahun/ 6.80% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Imbal hasil atas aset program 6.70% per tahun/ 7.20% per tahun/ 6.80% per tahun/ Implied rate of return on plan assets
per annum per annum per annum
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Halaman – 5/191 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 815
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Asumsi tingkat pengembalian investasi dihitung The rate of return on investment is calculated based on
berdasarkan proyeksi jangka panjang dengan long term outlook and take into account actual historical
mengacu pada tingkat pengembalian aktual historis. rate of return.
Jumlah liabilitas yang diakui di dalam laporan posisi The liability recognised in the consolidated statements of
keuangan konsolidasian adalah: financial position:
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Nilai wajar aset program 44,451 29,112 52,151 Fair value of plan assets
Nilai kini liabilitas iuran Present value of funded
pasti yang didanai (498,221) (446,510) (436,905) defined contribution obligation
Liabilitas yang diakui di laporan Liability recognised in consolidated
posisi keuangan konsolidasian (453,770) (417,398) (384,754) statements of financial position
Mutasi nilai kini liabilitas iuran pasti yang didanai The movement in the present value of funded defined
selama tahun berjalan adalah sebagai berikut: contribution of the year are as follows:
2023 2022 2021
Present value of
Nilai kini liabilitas pada awal tahun 446,510 436,905 540,837 obligation at beginning of the year
Biaya jasa lalu (1,878) 9,408 (104,412) Past service cost
Biaya bunga 31,300 28,758 23,633 Interest cost
Biaya jasa kini - bruto 63,522 18,990 40,268 Current service cost - gross
Pembayaran imbalan dari aset program (34,600) (68,839) (68,690) Benefit payments from plan assets
Pembayaran imbalan oleh perusahaan (2,550) (2,368) (3,778) Benefit payments from company
Pengukuran kembali: Remeasurements:
Kerugian/(keuntungan) aktuarial yang Actuarial losses/(gains) from changes in
timbul dari perubahan asumsi keuangan 7,275 3,403 (3,238) financial assumption
(Keuntungan)/kerugian aktuarial yang timbul dari Actuarial (gains)/losses from changes in
penyesuaian pengalaman (11,358) 20,253 12,285 experience adjustment
Present value of
Nilai kini liabilitas pada akhir tahun 498,221 446,510 436,905 obligation at end of year
Rekonsiliasi nilai wajar aset program adalah: The reconciliation of fair value of plan assets is as
follows:
2023 2022 2021
Saldo awal 29,112 52,151 125,451 Beginning balance
Bunga 3,125 3,902 5,635 Interest
Kontribusi Perusahaan 50,000 50,000 - Company's contributions
Kerugian aktuaria (3,186) (8,102) (10,245) Actuarial loss
Pembayaran selama tahun berjalan (34,600) (68,839) (68,690) Benefit payments during the year
Saldo akhir 44,451 29,112 52,151 Ending balance
Halaman – 5/192 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 816
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Aset program pada tanggal 31 Desember 2023, 2022, Plan assets as at 31 December 2023, 2022, and 2021
dan 2021 adalah dalam bentuk giro dan deposito were in form of current accounts and time deposits.
berjangka.
Jumlah yang diakui di laba rugi adalah: The amounts recognised in profit or loss are as follows:
2023 2022 2021
Bank CIMB Niaga Bank CIMB Niaga
Biaya jasa kini (63,522) (18,990) (40,268) Current service cost
Bunga bersih (28,175) (24,856) (17,998) Net Interest
Biaya jasa tahun lalu 1,878 (9,408) 104,412 Past service cost
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (89,819) (53,254) 46,146 expenses
Jumlah yang diakui di laporan posisi keuangan The amounts recognised in the consolidated statements
konsolidasian adalah: of financial position are as follows:
2023 2022 2021
Saldo awal (417,398) (384,754) (415,386) Beginning balance
Pendapatan/(beban) imbalan kerja yang diakui Employee benefit incomes/(expenses)
tahun berjalan (89,819) (53,254) 46,146 recognised in the current year
Jumlah yang diakui pada pendapatan Total amount recognized in other
komprehensif lain 897 (31,758) (19,292) comprehensive income
Pembayaran imbalan 2,550 2,368 3,778 Actual benefit payments
Kontribusi pemberi kerja terhadap Employer contribution
dana pensiun 50,000 50,000 - to the pension fund
Saldo akhir (453,770) (417,398) (384,754) Ending balance
Sensitivitas dari kewajiban iuran pasti terhadap The sensitivity of defined contribution obligation to
perubahan asumsi aktuaria adalah sebagai berikut: changes in the weighted assumptions is as follows:
Dampak terhadap kewajiban iuran pasti/
Impact on defined contribution obligation
2023 2022 2021
Nilai kini kewajiban Nilai kini kewajiban Nilai kini kewajiban
iuran pasti/ iuran pasti/ iuran pasti/
Perubahan Asumsi/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/ Present value of Biaya jasa kini/
Change in Assumption contribution obligation Current service cost contribution obligation Current service cost contribution obligation Current service cost
Tingkat diskonto Kenaikan/increase 1% 431,925 (66,296) 388,347 (58,163) 383,589 (53,316) Discount rate
Penurunan/decrease 1% 583,170 84,949 520,315 73,805 510,960 74,055
Tingkat kenaikan gaji Kenaikan/increase 1% 581,031 82,810 518,533 72,023 509,131 72,226 Salary increase rate
Penurunan/decrease 1% 432,261 (65,960) 388,616 (57,894) 383,769 (53,136)
Halaman – 5/193 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 817
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
Imbalan pensiun (lanjutan) Pension benefits (continued)
b. Program iuran pasti (lanjutan) b. Defined contribution plan (continued)
Analisis sensitivitas didasarkan pada perubahan atas The sensitivity analysis are based on a change in an
satu asumsi aktuarial dimana asumsi lainnya dianggap assumption while holding all other assumptions
konstan. Dalam perhitungan sensitivitas kewajiban constant. When calculating the sensitivity of the
iuran pasti atas asumsi aktuarial utama, metode yang defined contribution obligation to significant actuarial
sama (perhitungan nilai kini kewajiban iuran pasti assumptions, the same method (present value of the
dengan menggunakan metode projected unit credit di defined contribution obligation calculated with the
akhir tahun) telah diterapkan seperti dalam projected unit credit method at the end of the reporting
penghitungan kewajiban pensiun yang diakui dalam year) has been applied as when calculating the
laporan posisi keuangan konsolidasian. pension liability recognised within the consolidated
statements of financial position.
Kontribusi Bank untuk program iuran pasti tahun 2023 The Bank’s contribution to the defined contribution plan
adalah sebesar Rp 50.000 (2022: Rp 50.000 dan 2021: for the year 2023 is Rp 50,000 (2022: Rp 50,000 and
Rp nihil). 2021: Rp nil).
Risiko yang terekspos pada program iuran pasti adalah The exposed risks in defined contribution plan is the
hasil investasi dibawah asumsi tingkat diskonto. Hal ini lower return on investment compared to assumption on
akan mengakibatkan akumulasi iuran aktual lebih kecil discount rate and therefore, will cause accumulated
dari nilai yang diasumsikan sehingga mengakibatkan actual contribution to be lower than its assumption,
selisih pembayaran terhadap Undang-Undang terkait increase the difference in the amount of contribution
Ketenagakerjaan akan meningkat dan berdampak based on Law related to Labor, and will also increase
pada beban dan liabilitas yang akan meningkat pula. the amount of the related expenses and liabilities.
Analisis jatuh tempo yang diharapkan Expected maturity analysis (undiscounted) of pension
(tidak didiskontokan) dari manfaat pensiun adalah benefit is as follows:
sebagai berikut:
Iuran pasti/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Defined contribution Within 1 year Between 1 to 5 years Over 5 years Total
Iuran pasti 2023 55,325 324,023 2,238,158 2,617,506 Defined contribution
2022 45,938 296,240 1,855,851 2,198,029
2021 51,785 242,679 1,278,946 1,573,410
Halaman – 5/194 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 818
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
c. Imbalan jangka panjang lainnya c. Other long term benefit
Imbalan jangka panjang lainnya merupakan Other long term benefit is long service award in the
penghargaan masa kerja jangka panjang dalam bentuk form of award at every completion of certain period of
pemberian penghargaan setiap pencapaian masa service.
kerja tertentu.
Berikut ini adalah asumsi yang diungkapkan dalam The following are assumptions disclosed in the actuary
laporan aktuaria tanggal tanggal 2 Januari 2024, report dated 2 January 2024, 10 January 2023 and
10 Januari 2023 dan 11 Januari 2022 dalam 11 January 2022 to calculate the retirement benefits
menghitung liabilitas pensiun pada tanggal liability as at 31 December 2023, 2022 and 2021.
31 Desember 2023, 2022 dan 2021.
2023 2022 2021
Asumsi ekonomi: Economic assumptions:
Tingkat diskonto 6.70% per tahun/ 7.20% per tahun/ 6.80% per tahun/ Discount rate
per annum per annum per annum
Tingkat kenaikan gaji 6% per tahun/ 6% per tahun/ 6% per tahun/ Salary increase rate
per annum per annum per annum
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/ 55 tahun/ 55 tahun/ Normal retirement age
years years years
Tingkat kematian Tabel Mortalitas Tabel Mortalitas Tabel Mortalitas Mortality rate
Indonesia 2019 Indonesia 2019 Indonesia 2019
(TMI 2019)/ (TMI 2019)/ (TMI 2019)/
Indonesian Mortality Indonesian Mortality Indonesian Mortality
Table 2019 Table 2019 Table 2019
(IMT 2019) (IMT 2019) (IMT 2019)
Tingkat cacat 10% dari TMI 2019/ 10% dari TMI 2019/ 10% dari TMI 2019/ Disability rate
of IMT 2019 of IMT 2019 of IMT 2019
Tingkat pengunduran diri 10% untuk usia 10% untuk usia 10% untuk usia Resignation rate
sampai dengan 25 sampai dengan 25 sampai dengan 25
tahun, dan menurun tahun, dan menurun tahun, dan menurun
dengan garis lurus dengan garis lurus dengan garis lurus
0% pada usia 44 0% pada usia 44 0% pada usia 44
tahun dan 1% tahun dan 1% tahun dan 1%
setelahnya/ setelahnya/ setelahnya/
10% up to age 25, 10% up to age 25, 10% up to age 25,
then decreasing then decreasing then decreasing
linearly to 0% at linearly to 0% at linearly to 0% at
age 44 and 1% age 44 and 1% age 44 and 1%
thereafter thereafter thereafter
Proporsi pensiun normal 100% 100% 100% Proportion of normal retirement
Mutasi saldo liabilitas yang diakui di dalam laporan The liability movement recognised in the consolidated
posisi keuangan konsolidasian adalah: statements of financial position:
2023 2022 2021
Saldo awal (95,048) (87,307) (87,968) Beginning balance
Beban yang diakui tahun berjalan (24,034) (16,212) (7,873) Expenses recognized in the current year
Pembayaran imbalan 6,631 8,471 8,534 Actual benefit payments
Saldo akhir (112,451) (95,048) (87,307) Ending balance
Halaman – 5/195 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 819
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
44. LIABILITAS IMBALAN KERJA (lanjutan) 44. EMPLOYEE BENEFIT OBLIGATIONS (continued)
c. Imbalan kerja panjang lainnya (lanjutan) c. Other long term benefit (continued)
Jumlah yang diakui sebagai laba rugi adalah: The amounts recognised as profit or loss are as follows:
2023 2022 2021
Biaya jasa kini (11,812) (10,196) (9,774) Current service cost
Beban bunga (6,941) (6,363) (5,548) Interest cost
(Kerugian)/keuntungan aktuarial (5,281) 347 7,449 Actuarial (losses)/gains
Jumlah, disajikan sebagai bagian dari Total, included in personnel
beban tenaga kerja (24,034) (16,212) (7,873) expense
Sensitivitas dari liabilitas imbalan pascakerja lainnya The sensitivity of other post-employment obligations to
terhadap perubahan asumsi aktuaria adalah sebagai changes in the weighted assumptions is as follows:
berikut:
Dampak terhadap liabilitas imbalan pascakerja lainnya/
Impact on other post-retirement obligations
2023 2022 2021
Nilai kini imbalan Nilai kini imbalan Nilai kini imbalan
kerja lainnya/ kerja lainnya/ kerja lainnya/
Perubahan asumsi/ Present value of other Biaya jasa kini/ Present value of other Biaya jasa kini/ Present value of other Biaya jasa kini/
Change in assumption employee benefit obligation Current service cost employee benefit obligation Current service cost employee benefit obligation Current service cost
Tingkat diskonto Kenaikan/increase 1% 104,301 (8,150) 88,185 (6,863) 81,012 (6,295) Discount rate
Penurunan/decrease 1% 121,679 9,228 102,808 7,760 94,426 7,119
Tingkat kenaikan gaji Kenaikan/increase 1% 121,652 9,201 102,817 7,769 94,411 7,104 Salary increase rate
Penurunan/decrease 1% 104,179 (8,272) 88,058 (6,990) 80,917 (6,390)
Analisis sensitivitas didasarkan pada perubahan atas The sensitivity analysis are based on a change in an
satu asumsi aktuarial dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the other
liabilitas imbalan pascakerja lainnya atas asumsi post-employment obligations to significant actuarial
assumptions, the same method (present value of the
aktuarial utama, metode yang sama (perhitungan other post-employment obligations calculated with the
nilai kini liabilitas imbalan pascakerja lainnya dengan projected unit credit method at the end of the reporting
menggunakan metode projected unit credit di akhir year) has been applied as when calculating the pension
tahun pelaporan) telah diterapkan seperti dalam liability recognised within the consolidated statements
penghitungan kewajiban pensiun yang diakui dalam of financial position.
laporan posisi keuangan konsolidasian.
Analisis jatuh tempo yang diharapkan (tidak Expected maturity analysis (undiscounted) of pension
didiskontokan) dari manfaat pensiun adalah sebagai benefit is as follows:
berikut:
Imbalan kerja jangka panjang lainnya/ Dalam 1 tahun/ Antara 1 sampai 5 tahun/ Lebih dari 5 tahun/ Jumlah/
Other long term benefit Within 1 year Between 1 to 5 years Over 5 years Total
2023 9,968 54,375 478,928 543,271
2022 7,755 47,320 428,463 483,538
2021 8,635 40,225 402,406 451,266
Halaman – 5/196 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 820
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM COMPENSATION RESERVE
Program Kepemilikan Saham (“EOP”) Equity Ownership Plan (“EOP”)
EOP diberikan pada bulan Maret 2011 oleh Grup CIMB The EOP was introduced in March 2011 by CIMB Group
dimana Grup CIMB dalam hal ini memberikan saham biasa where CIMB Group will grant ordinary shares of CIMB
atas Grup CIMB untuk karyawan-karyawan tertentu Senior Group to selected employees of Bank CIMB Niaga Senior
Vice President (“SVP”) dan Executive Vice President Vice President (“SVP”) and Executive Vice President
(“EVP”) dan Dewan Direksi yang akan dibebankan (“EVP”) and Board of Directors which will be directly
langsung kepada Bank CIMB Niaga. Berdasarkan EOP charged to Bank CIMB Niaga. Under the EOP, earmarked
tersebut, bagian dari remunerasi karyawan-karyawan portions of variable remuneration of selected employees
tertentu tersebut akan digunakan untuk membeli saham of Bank CIMB Niaga will be utilised to purchase ordinary
biasa Grup CIMB dari pasar. Saham yang dibeli akan shares of CIMB Group from the market. The purchased
diberikan secara progresif kepada karyawan yang berhak shares will be released progressively to the eligible
berdasarkan tanggal-tanggal tertentu setelah tanggal employees at various dates after the purchase date,
pembelian, tergantung pada hubungan kerja antara subject to employment with Bank CIMB Niaga.
karyawan tersebut dan Bank CIMB Niaga.
Perusahaan terkait akan bertindak mewakili Grup CIMB A related company will act on behalf of CIMB Group to
untuk melakukan administrasi atas EOP dan menyimpan administer the EOP and to hold the shares in trust up to
saham tersebut sampai dengan tanggal penyerahan. the pre-determined transfer date. The eligibility of
Kelayakan akan keikutsertaan pada EOP ditentukan oleh participation in the EOP shall be at the discretion of the
kebijakan dari Group Compensation Review Committee of Group Compensation Review Committee of CIMB Group.
CIMB Group.
Apabila terjadi pemutusan hubungan kerja selain pensiun, In the case of termination of employment other than
cacat atau kematian, karyawan tidak akan mendapatkan retirement, disability or death, employee will not receive
saham-saham yang belum diberikan. any unreleased shares.
Berikut ini adalah rincian EOP yang diberikan oleh Grup Below is the detail of EOP granted by CIMB Group:
CIMB:
Jumlah yang dibayar Harga rata-rata
Bank kepada per lembar
perusahaan yang saham (nilai
dibentuk Grup Jumlah penuh)/
CIMB/Amount paid lembar saham Average price
Tanggal pemberian by Bank to the (nilai penuh)/ per share Tranche/ Tranche
EOP /EOP granted entity established Total shares (full amount) Tanggal efektif/ Persentase/ Periode vesting/ Vesting
date by CIMB Group (full amount) RM Effective date Percentage period
11 Maret/March 31,080 1,745,362 5.19 11 Maret/March 33.33% 31 Maret/March 2020
dan/and 15 April/April dan/and 15 April/April 33.33% 31 Maret/March 2021
2019 2019 33.33% 31 Desember/December 2021
11 Maret/March 30,733 2,402,049 3.52 11 Maret/March 33.33% 31 Maret/March 2021
dan/and 9 April/April dan/and 9 April/April 33.33% 31 Maret/March 2022
2020 2020 33.33% 31 Desember/December 2022
9 Maret/March 10,524 707,958 4.21 9 Maret/March dan/and 33.33% 31 Maret/March 2022
dan/and 5 April/April 5 April/April 2021 33.33% 31 Maret/March 2023
2021 33.33% 31 Desember/December 2023
10 Maret/March 2022 4,340 238,000 5.32 10 Maret/March 2022 50.00% 31 Maret/March 2023
50.00% 31 Maret/March 2024
14 Maret/March 6,937 411,839 5.07 14 Maret/March 33.33% 31 Maret/March 2023
dan/and 8 April/April dan/and 8 April/April 33.33% 31 Maret/March 2024
2022 2022 33.33% 31 Desember/December 2024
24 Maret/March 7,291 436,734 5.02 24 Maret/March 33.33% 31 Maret/March 2024
dan/and 10 April/April dan/and 10 April/April 33.33% 31 Maret/March 2025
2023 2023 33.33% 31 Desember/December 2025
Halaman – 5/197 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 821
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM (lanjutan) COMPENSATION RESERVE (continued)
Program Kepemilikan Saham (“EOP”) (lanjutan) Equity Ownership Plan (“EOP”) (continued)
Berikut ini adalah mutasi jumlah hak atas lembar saham Below is the movement of entitlements shares granted (full
yang telah diberikan (nilai penuh): amount):
2023 2022 2021
Saldo awal 1,005,414 1,653,830 3,197,432 Beginning balance
Diberikan 996,687 649,839 707,958 Granted
Eksekusi (*) (788,129) (1,298,255) (2,251,560) Exercised (*)
Saldo akhir 1,213,972 1,005,414 1,653,830 Ending balance
(*) (*)
Vested/ pengunduran diri Vested/resignation
Cadangan Kompensasi Berbasis Saham Share-based Compensation Reserve
Cadangan kompensasi berbasis saham pada tanggal The share-based compensation reserve as of
31 Desember 2023 sebesar Rp 137.123 (2022: Rp 137.105; 31 December 2023 amounting to Rp 137,123
2021: Rp 115.025) digunakan untuk mencatat cadangan (2022: Rp 137,105; 2021: Rp 115,025) is used to record
atas Management Employee Stock Option Program the reserve of Management Employee Stock Option
(“MESOP”), Material Risk Taker (“MRT”), dan Long Term Program (“MESOP”), Material Risk Taker (“MRT”), and
Incentive Plan (“LTIP”). Long Term Incentive Plan (“LTIP”).
Management Employee Stock Option Program (“MESOP”) Management Employee Stock Option Program (“MESOP”)
adalah one-time program untuk memberikan apresiasi is a one-time programme to reward performance and
terhadap kinerja dan loyalitas manajemen dan karyawan loyalty of management and selected employees. The
yang terpilih. Jumlah saham yang diimplementasikan adalah amount implemented is 208,216,392 shares (full amount)
208.216.392 lembar (nilai penuh) yang telah disetujui dalam which were approved at the Extraordinary General
Rapat Umum Pemegang Saham Luar Biasa pada tanggal Meeting of Shareholders on 24 August 2017. This program
24 Agustus 2017. Program ini diluncurkan pada was launched on 26 February 2018.
26 Februari 2018.
Jumlah saham yang dialokasikan untuk setiap karyawan The amount of shares allocated to each employee is
ditentukan dengan mempertimbangkan kompensasi yang determined by considering the compensation received,
diterima, posisi saat ini di Bank, dan kinerja dari current positions in the Bank, and performance of the past
2 tahun terakhir. Jumlah total saham yang dialokasikan 2 years. The total amount of shares allocated to MESOP
untuk program MESOP adalah 208,2 juta saham - dimana is 208.2 million shares in which 12 millions of shares will
12 juta saham akan dialokasikan untuk hibah saham dan be allocated for the share grants and 196.2 millions of
196,2 juta saham untuk opsi saham. 40% dari opsi saham shares for the share options. The first 40% of the share
pertama diberikan pada 26 Februari 2018 (dengan periode options are vested on 26 February 2018 (with condition of
penguncian hingga 25 Oktober 2018), 30% opsi lainnya lock-up period up to 25 October 2018), another 30% of
diberikan pada 25 April 2019, dan 30% opsi terakhir options are vested on 25 April 2019, and the last 30% of
diberikan pada 25 April 2020. Setiap koridor opsi saham options will vest on 25 April 2020. Every share options
memiliki harga strike yang berbeda. corridor has different strike prices.
Tidak ada dividen yang dibayarkan kepada pemegang opsi There are no dividends paid to share option holders before
saham sebelum opsi tersebut dilaksanakan. Semua opsi the option is exercised. All of the share options granted
saham yang diberikan berakhir pada 25 Oktober 2020. expired on 25 October 2020. However, for all treasury
Namun, atas saham treasuri yang telah dibeli dan tidak shares that have been purchased and was not exercised
dieksekusi sampai dengan tanggal jatuh tempo maka until the share options granted expired, the transfer will be
pengalihannya akan disesuaikan dengan ketentuan adjusted in line with the applicable regulations.
perundangan yang berlaku.
Penilaian atas nilai wajar opsi saham dilakukan oleh Bank Bank CIMB Niaga’s calculation of option fair value using
CIMB Niaga menggunakan asumsi-asumsi penilaian actuarial assumptions, which were prepared by an
aktuaria yang dihitung oleh KJPP RAO, YUHAL & Rekan independent KJPP RAO, YUHAL & Rekan (affiliated with
(afiliasi TRUSCEL CAPITAL LLP Singapore) tanggal TRUSCEL CAPITAL LLP Singapore) dated 28 June 2018.
28 Juni 2018.
Halaman – 5/198 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 822
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
45. PROGRAM KEPEMILIKAN SAHAM DAN CADANGAN 45. EQUITY OWNERSHIP PLAN AND SHARE-BASED
KOMPENSASI BERBASIS SAHAM (lanjutan) COMPENSATION RESERVE (continued)
Cadangan Kompensasi Berbasis Saham (lanjutan) Share-based Compensation Reserve (continued)
Cadangan kompensasi berbasis saham juga digunakan The share-based compensation reserve is also used to
untuk mencatat saham yang diberikan untuk karyawan, record the shares given to employees, but not exercised in
namun belum dieksekusi sehubungan dengan program relation with Material Risk Taker (“MRT”) programme in
Material Risk Taker (“MRT”) dalam rangka pemenuhan accordance with POJK No. 45/POJK.03/2015 dated
POJK No. 45/POJK.03/2015 tanggal 23 Desember 2015 23 December 2015 regarding the Implementation of
tentang Penerapan Tata Kelola Dalam Pemberian Governance in Providing Remuneration for Commercial
Remunerasi Bagi Bank Umum. Banks.
MRT merupakan kebijakan remunerasi dalam menarik, MRT is a remuneration policy in attracting, motivating, and
memotivasi, dan mempertahankan karyawan-karyawan retaining the best employees in order to provide qualified
terbaik dalam rangka penyediaan sumber daya manusia human resources. The remuneration policy of the Bank
yang berkualitas. Kebijakan remunerasi yang dimiliki Bank includes and applies to employees both in business,
mencakup dan berlaku untuk karyawan baik di fungsi bisnis, operational and support functions.
operasional maupun pendukung.
Cadangan kompensasi berbasis saham juga digunakan The share-based compensation reserves are also used to
untuk mencatat cadangan saham untuk program Long Term record share reserves for the Long Term Incentive Plan
Incentive Plan (“LTIP”) yang dimulai pada Juni 2021. (“LTIP”) program starting in June 2021. The LTIP program
Program LTIP merupakan program CIMB Group berupa is a CIMB Group program in the form of share-based
pemberian kompensasi saham dan opsi saham CIMB compensation and share options of CIMB Group in stages.
Group secara bertahap. Program LTIP diberikan kepada The LTIP program is given to Bank employees who meet
karyawan Bank yang memenuhi kriteria tertentu certain criteria based on the policy of the LTIP Committee
berdasarkan kebijakan Komite LTIP CIMB Group dengan of CIMG Group by taking into account the employment
mempertimbangkan hubungan kerja, kinerja karyawan dan relationship, employee and the Bank’s performance.
Bank.
46. LABA PER SAHAM DASAR DAN DILUSIAN 46. BASIC AND DILUTIVE EARNINGS PER SHARE
Laba per saham dasar Basic earnings per share
Laba per saham dasar dihitung dengan membagi laba bersih Basic earnings per share is calculated by dividing the net
yang tersedia bagi pemegang saham dengan rata-rata profit attributable to shareholders by the weighted average
tertimbang saham biasa yang beredar pada tahun yang number of outstanding ordinary shares during the year.
bersangkutan.
2023 2022 2021
Laba bersih yang tersedia Net profit attributable
bagi pemegang saham 6,474,195 5,041,781 4,100,340 to shareholders
Weighted average number of
Rata-rata tertimbang saham outstanding ordinary shares
biasa yang beredar (dalam ribuan) (in thousands) (including capital
(termasuk dana setoran modal) * 24,953,789 24,932,886 24,929,200 paid in advance) *
Laba per saham dasar Basic earnings per share
(nilai penuh) 259.45 202.21 164.48 (full amount)
* Rata-rata tertimbang saham biasa yang beredar dihitung berdasarkan jumlah saham * The weighted average number of ordinary shares on issue is calculated based on
biasa yang beredar pada posisi tiap akhir bulan sesuai dengan data dari Biro the number of outstanding ordinary shares at the end of month based on the data
Administrasi Efek from Securities Administration Bureau
Halaman – 5/199 – Page
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Page 823
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
46. LABA PER SAHAM DASAR DAN DILUSIAN (lanjutan) 46. BASIC AND DILUTIVE EARNINGS PER SHARE
(continued)
Laba per saham dilusian Dilutive earnings per share
Dalam perhitungan laba bersih per saham dilusian jumlah Diluted earnings per share is calculated by adjusting the
rata-rata tertimbang jumlah saham biasa yang beredar weighted average number of outstanding ordinary shares
disesuaikan dengan asumsi bahwa semua efek berpotensi to assume conversion of all dilutive potential ordinary
saham biasa yang sifatnya dilutif dikonversi. shares.
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, Bank CIMB
Bank CIMB Niaga dan Entitas Anak tidak memiliki potensi Niaga and Subsidiaries have no dilutive potential shares.
saham yang bersifat dilutif.
47. KOMITMEN DAN KONTINJENSI - BERSIH 47. COMMITMENTS AND CONTINGENCIES - NET
Dalam bisnis normal perbankan, Bank CIMB Niaga As part of normal banking business, Bank CIMB Niaga has
mempunyai komitmen dan kontinjensi yang tidak disajikan commitments and contingencies that are not presented in
dalam laporan posisi keuangan konsolidasian. the consolidated statements of financial position.
Ikhtisar komitmen dan kontinjensi Bank CIMB Niaga yang The following is the summary of Bank CIMB Niaga’s
dinyatakan dalam nilai kontrak setara dengan mata uang commitments and contingencies at the equivalent Rupiah
Rupiah adalah: contractual amounts:
2023 2022 2021
KOMITMEN COMMITMENTS
Liabilitas komitmen Commitments liabilities
Fasilitas penyediaan dana yang Unutilised portion of
belum digunakan (97,252,341) (87,197,694) (80,811,577) fund facilities
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan (1,625,442) (1,309,897) (2,285,518) letters of credit
Lain-lain (4,701) (4,753) (4,352) Others
Jumlah liabilitas komitmen - bersih (98,882,484) (88,512,344) (83,101,447) Total commitments liabilities - net
KONTINJENSI CONTINGENCIES
Tagihan kontinjensi Contingent receivables
Garansi yang diterima 33,576 134,621 118,281 Guarantees received
Penghasilan bunga Interest receivable on
dalam penyelesaian 607,456 763,051 822,508 non-performing assets
Jumlah tagihan kontinjensi 641,032 897,672 940,789 Total contingent receivables
Liabilitas kontinjensi Contingent liabilities
Garansi yang diterbitkan (5,364,148) (4,832,874) (4,416,040) Guarantees issued
Kontinjensi - bersih (4,723,116) (3,935,202) (3,475,251) Contingencies - net
KOMITMEN DAN KONTINJENSI COMMITMENTS AND
- BERSIH (103,605,600) (92,447,546) (86,576,698) CONTINGENCIES - NET
Komitmen dan kontinjensi yang berhubungan dengan The commitments and contingencies relating to derivative
derivatif disajikan di Catatan 11. transaction are disclosed in Note 11.
Halaman – 5/200 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 824
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. KOMITMEN DAN KONTINJENSI - BERSIH (lanjutan) 47. COMMITMENTS AND CONTINGENCIES - NET
(continued)
Rincian liabilitas komitmen dan kontinjensi untuk fasilitas The details of commitments and contingent liabilities for
penyediaan dana yang belum digunakan, irrevocable letters unutilised portion of fund facilities, outstanding irrevocable
of credit yang masih berjalan, dan garansi yang diterbitkan letters of credit, and guarantees issued based on
berdasarkan kolektibilitas dan mata uang adalah: collectability and currency are as follows:
2023
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 75,338,026 373,817 15,991 24,890 12,345 75,765,069 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 386,696 - - - - 386,696 irrevocable letters of credit
Garansi yang diterbitkan 3,948,041 12,487 - - - 3,960,528 Guarantees issued
Sub jumlah 79,672,763 386,304 15,991 24,890 12,345 80,112,293 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 21,475,677 11,595 - - - 21,487,272 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 1,238,746 - - - - 1,238,746 irrevocable letters of credit
Garansi yang diterbitkan 1,403,620 - - - - 1,403,620 Guarantees issued
Sub jumlah 24,118,043 11,595 - - - 24,129,638 Sub total
103,790,806 397,899 15,991 24,890 12,345 104,241,931
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (387,368) commitments and contingencies
103,854,563
2022
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 68,101,840 138,696 553 8 44 68,241,141 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 383,250 - - - - 383,250 irrevocable letters of credit
Garansi yang diterbitkan 3,603,108 1,000 - - - 3,604,108 Guarantees issued
Sub jumlah 72,088,198 139,696 553 8 44 72,228,499 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 18,786,361 170,192 - - - 18,956,553 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 926,647 - - - - 926,647 irrevocable letters of credit
Garansi yang diterbitkan 1,228,766 - - - - 1,228,766 Guarantees issued
Sub jumlah 20,941,774 170,192 - - - 21,111,966 Sub total
93,029,972 309,888 553 8 44 93,340,465
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (578,897) commitments and contingencies
92,761,568
Halaman – 5/201 – Page
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Page 825
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
47. KOMITMEN DAN KONTINJENSI - BERSIH (lanjutan) 47. COMMITMENTS AND CONTINGENCIES - NET
(continued)
Rincian liabilitas komitmen dan kontinjensi untuk fasilitas The details of commitments and contingent liabilities for
penyediaan dana yang belum digunakan, irrevocable letters unutilised portion of fund facilities, outstanding irrevocable
of credit yang masih berjalan, dan garansi yang diterbitkan letters of credit, and guarantees issued based on
berdasarkan kolektibilitas dan mata uang adalah: (lanjutan) collectability and currency are as follows: (continued)
2021
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Pass mention Substandard Doubtful Loss Total
Rupiah Rupiah
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 67,890,018 21,563 23 - - 67,911,604 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 884,069 - - - - 884,069 irrevocable letters of credit
Garansi yang diterbitkan 3,300,293 403 - - - 3,300,696 Guarantees issued
Sub jumlah 72,074,380 21,966 23 - - 72,096,369 Sub total
Mata uang asing Foreign currencies
Fasilitas penyediaan dana Unutilised portion
yang belum digunakan 12,889,238 10,735 - - - 12,899,973 of fund facilities
Irrevocable letters of credit yang Outstanding
masih berjalan 1,401,449 - - - - 1,401,449 irrevocable letters of credit
Garansi yang diterbitkan 1,115,344 - - - - 1,115,344 Guarantees issued
Sub jumlah 15,406,031 10,735 - - - 15,416,766 Sub total
87,480,411 32,701 23 - - 87,513,135
Dikurangi: Estimasi kerugian penurunan nilai Less: Estimated impairment losses on
atas komitmen dan kontinjensi (428,339) commitments and contingencies
87,084,796
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS
Bank CIMB Niaga secara mayoritas dimiliki oleh CIMB Bank CIMB Niaga is majority owned by CIMB Group Sdn
Group Sdn Bhd, Malaysia. Kepemilikan minoritas dipegang Bhd, Malaysia. The remaining minority shares are widely
dan dimiliki oleh banyak pihak. Lihat Catatan 33 untuk held. For information on the ultimate parent company of
informasi mengenai pemegang saham utama dari CIMB CIMB Group Sdn Bhd, refer to Note 33.
Group Sdn Bhd.
Sifat Hubungan Berelasi Nature of Relationship
Pihak-pihak berelasi adalah perusahaan dan perorangan Related parties are companies and individuals who directly
yang mempunyai keterkaitan kepemilikan atau or indirectly have relationships with Bank CIMB Niaga
kepengurusan secara langsung maupun tidak langsung through ownership or management. Information of
dengan Bank CIMB Niaga. Informasi Entitas Anak Subsidiaries is disclosed in Note 1c. The controlling and
diungkapkan pada Catatan 1c. Pemegang saham majority shareholder, parent of majority shareholder, and
pengendali dan mayoritas, induk dari pemegang saham the ultimate shareholders are disclosed in Note 33.
mayoritas, dan pemegang saham akhir diungkapkan pada
Catatan 33.
Halaman – 5/202 – Page
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Page 826
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Sifat Hubungan Berelasi (lanjutan) Nature of Relationship (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transactions
CIMB Bank Berhad Dimiliki oleh pemegang saham akhir yang Giro pada bank lain; Aset lain-lain; Simpanan dari
sama/Owned by the same ultimate shareholder bank lain; Obligasi Subordinasi; Liabilitas segera;
Beban yang masih harus dibayar; Liabilitas
Derivatif/Current Account with other banks; Other
assets; Deposits from other banks; Subordinated
bonds; Obligations due immediately; Accruals;
Derivative Payables
CIMB Thai Bank Public Dimiliki oleh pemegang saham akhir yang Giro pada bank lain; Simpanan dari bank lain/
Company Limited sama/Owned by the same ultimate shareholder Current Account with other banks; Deposits from
other banks
CIMB Bank Berhad Shanghai Dimiliki oleh pemegang saham akhir yang Giro pada bank lain/Current account with other
sama/Owned by the same ultimate shareholder banks
PT CGS-CIMB Sekuritas Dikendalikan oleh ventura bersama yang Kredit yang diberikan; Aset lain-lain; Simpanan dari
Indonesia dimiliki oleh pemegang saham akhir/Controlled nasabah; Liabiltas Segera/Loans; Other assets;
by joint venture which owned by ultimate Deposits from customers; Obligations due
shareholders immediately
PT Niaga Manajemen Citra Dikelola oleh pejabat eksekutif Bank CIMB Beban dibayar di muka; Simpanan dari
Niaga/Managed by Bank CIMB Niaga’s nasabah/Prepaid expenses; Deposits from
executive officers customers
CIMB Group Sdn Bhd Pemegang saham mayoritas/Majority Aset lain-lain; Simpanan dari nasabah; Simpanan
shareholder dari bank lain /Other assets;Deposits from
customers; Deposits from other banks
PT Synergy Dharma Nayaga Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
PT Commerce Kapital Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
Southeast Asia Special Asset Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Vehicle Limited sama/Owned by the same ultimate shareholder
PT Principal Asset Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
Management sama/Owned by the same ultimate shareholder
CIMB Securities Limited Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
Halaman – 5/203 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 827
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Sifat Hubungan Berelasi (lanjutan) Nature of Relationship (continued)
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/
Related parties Nature of relationship Nature of transactions
CIMB Private Equity Sdn Bhd Dimiliki oleh pemegang saham akhir yang Simpanan dari nasabah/Deposits from customers
sama/Owned by the same ultimate shareholder
CGS-CIMB Futures Dikendalikan oleh ventura bersama yang Simpanan dari nasabah/Deposits from customers
Indonesia dimiliki oleh pemegang saham akhir/Controlled
by joint venture which owned by ultimate
shareholders
PT CGS Konsultan Dikendalikan oleh ventura bersama yang Simpanan dari nasabah/Deposits from customers
Management dimiliki oleh pemegang saham akhir/Controlled
by joint venture which owned by the ultimate
shareholders
CGS-CIMB Securities Dikendalikan oleh ventura bersama yang Simpanan dari nasabah/Deposits from customers
(Singapore) Pte Ltd dimiliki oleh pemegang saham akhir/Controlled
by joint venture which owned by ultimate
shareholders
Dana Pensiun Bank CIMB Dikelola oleh pejabat eksekutif Bank CIMB Simpanan dari nasabah/Deposits from customers
Niaga Niaga/Managed by Bank CIMB Niaga’s
executive officers
CIMB Group Holdings Pemegang saham mayoritas/Majority Simpanan dari nasabah/Deposits from customers
Berhad shareholder
CIMB Islamic Bank Berhad Dimiliki oleh pemegang saham akhir yang Simpanan dari bank lain/Deposits from other banks
sama/Owned by the same ultimate shareholder
CIMB Investment Bank Dimiliki oleh pemegang saham akhir yang Simpanan dari bank lain/Deposits from other banks
Berhad sama/Owned by the same ultimate shareholder
CIMB Group Sdn Bhd Pemegang saham mayoritas/Majority Simpanan dari nasabah/Deposits from customers
shareholder
CIMB Bank Plc Dimiliki oleh pemegang saham akhir yang Giro pada bank lain/Current Account with other
sama/Owned by the same ultimate shareholder banks
CIMB Bank BHD Singapore, Dikendalikan oleh pemegang saham akhir Simpanan dari bank lain/Deposits from other banks
Private Banking-Trust yang sama/Controlled by same ultimate
Account shareholder
Dewan Komisaris, Direksi, Manajemen Bank CIMB Niaga/Management of Kredit yang diberikan; Simpanan dari
dan Pejabat Eksekutif Bank CIMB Niaga nasabah/Loans; Deposits from customers
Bank/Board of
Commissioners, Directors,
and Executive Bank Officers
Halaman – 5/204 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 828
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi Transactions and balances with related parties
Transaksi dengan pihak-pihak berelasi terutama The related party transactions primarily related to lending and
berhubungan dengan pinjam-meminjam dana dalam borrowing of funds in the normal course of their business.
kegiatan normal usaha.
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related parties are
berelasi adalah: as follows:
2023 2022 2021
Aset Assets
Giro pada Bank Lain Current account with Other Banks
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 17,611 4,049 41,551 CIMB Bank Berhad
CIMB Bank Plc - - 1,426 CIMB Bank Plc
CIMB Thai Bank Public Company Limited 5,334 2,185 1,421 CIMB Thai Bank Public Company Limited
CIMB Bank Berhad Shanghai 1,784 1,172 - CIMB Bank Berhad Shanghai
24,729 7,406 44,398
Kredit yang diberikan Loans
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 9,568 - - Board of Commissioners
Dewan Direksi 87,446 88,442 142,618 Board of Directors
Pejabat Eksekutif Bank 73,743 67,853 60,989 Executive Bank Officers
170,757 156,295 203,607
- Pihak yang dikendalikan oleh ventura bersama Parties controlled by joint venture which -
yang dimiliki oleh pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia 50,000 30,000 - PT CGS-CIMB Sekuritas Indonesia
220,757 186,295 203,607
Beban dibayar dimuka Prepaid expense
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
PT Niaga Manajemen Citra 92,580 98,822 93,621 PT Niaga Manajemen Citra
Aset lain-lain Other assets
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 654,271 122,789 - CIMB Bank Berhad
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd - 1,476 - CIMB Group Sdn Bhd
PT CGS-CIMB Sekuritas Indonesia - - - PT CGS-CIMB Sekuritas Indonesia
654,271 124,265 -
Jumlah aset yang terkait dengan Total asset associated with
pihak-pihak berelasi 992,337 416,788 341,626 related parties
Sebagai persentase terhadap As a percentage
jumlah aset 0.30% 0.14% 0.11% to total assets
Halaman – 5/205 – Page
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Page 829
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related parties
berelasi adalah: (lanjutan) are as follows: (continued)
2023 2022 2021
Liabilitas Liabilities
Simpanan dari nasabah Deposits from customers
- Giro Demand deposits -
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 5,232 5,307 3,586 Board of Commissioners
Dewan Direksi 247 251 231 Board of Directors
Pejabat Eksekutif Bank - - 21 Executive Bank Officers
5,479 5,558 3,838
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
PT Synergy Dharma Nayaga 102,721 101,537 100,321 PT Synergy Dharma Nayaga
PT Commerce Kapital 97,566 70,972 46,619 PT Commerce Kapital
Southeast Asia Special Asset Vehicle Limited 10,575 16,115 18,035 Southeast Asia Special Asset Vehicle Limited
PT Principal Asset Management 967 690 6,864 PT Principal Asset Management
CIMB Securities Limited 497 445 394 CIMB Securities Limited
CIMB Private Equity Sdn Bhd 110 110 110 CIMB Private Equity Sdn Bhd
212,436 189,869 172,343
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki oleh Parties controlled by joint venture which -
pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia 61,168 10,098 9,045 PT CGS-CIMB Sekuritas Indonesia
CGS-CIMB Futures Indonesia 13,465 15,503 9,596 CGS-CIMB Futures Indonesia
PT CGS Konsultan Management 462 380 963 PT CGS Konsultan Management
CGS-CIMB Securities (Singapore) Pte Ltd 87 86 94 CGS-CIMB Securities (Singapore) Pte Ltd
75,182 26,067 19,698
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga 691 479 2,248 Dana Pensiun Bank CIMB Niaga
PT Niaga Manajemen Citra 20 15 17 PT Niaga Manajemen Citra
711 494 2,265
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd - 8,111 1,653 CIMB Group Sdn Bhd
CIMB Group Holdings Berhad 5 5 - CIMB Group Holdings Berhad
5 8,116 1,653
293,813 230,104 199,797
- Tabungan Saving deposits -
- Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 15,526 11,994 10,023 Board of Commissioners
Dewan Direksi 87,926 86,650 58,668 Board of Directors
Pejabat Eksekutif Bank 150,334 141,260 102,823 Executive Bank Officers
253,786 239,904 171,514
- Pihak yang dikelola oleh pejabat Parties managed by -
eksekutif Bank CIMB Niaga Bank CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga 4 5 12 Dana Pensiun Bank CIMB Niaga
253,790 239,909 171,526
Halaman – 5/206 – Page
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Page 830
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 48. RELATED PARTIES TRANSACTIONS (continued)
(lanjutan)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang The details of transactions and balances with related parties
berelasi adalah: (lanjutan) are as follows: (continued)
2023 2022 2021
- Deposito berjangka Time deposits -
-Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 5,950 3,521 998 Board of Commissioners
Dewan Direksi 3,516 381 3,588 Board of Directors
Pejabat Eksekutif Bank 22,169 13,764 6,052 Executive Bank Officers
31,635 17,666 10,638
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
PT CGS Konsultan Management 13,800 1,000 - PT CGS Konsultan Management
PT Principal Asset Management 7,000 3,500 3,700 PT Principal Asset Management
20,800 4,500 3,700
- Pihak yang dikelola oleh pejabat Parties controlled by Bank -
eksekutif Bank CIMB Niaga CIMB Niaga's executive officers
Dana Pensiun Bank CIMB Niaga 540 - - Dana Pensiun Bank CIMB Niaga
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
CGS-CIMB Futures Indonesia 15,000 15,000 15,000 CGS-CIMB Futures Indonesia
PT CGS-CIMB Sekuritas Indonesia 58 71 84 PT CGS-CIMB Sekuritas Indonesia
15,058 15,071 15,084
68,033 37,237 29,422
Simpanan dari bank lain Deposits from other banks
- Giro Demand deposit -
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 86,838 189,572 76,530 CIMB Bank Berhad
CIMB Islamic Bank Berhad 4,455 3,720 2,404 CIMB Islamic Bank Berhad
CIMB Thai Bank Public Company Limited 2,060 1,410 901 CIMB Thai Bank Public Company Limited
CIMB Investment Bank- Berhad 534 138 1,904 CIMB Investment Bank- Berhad
CIMB Bank BHD Singapore, Private Banking-Trust Account - - 17,933 CIMB Bank BHD Singapore, Private Banking-Trust Account
93,887 194,840 99,672
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 23 - - CIMB Group Sdn Bhd
93,910 194,840 99,672
Liabilitas derivatif Derivative payables
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad - 53,261 - CIMB Bank Berhad
Obligasi subordinasi Subordinated bond
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 35,996 71,062 70,596 CIMB Bank Berhad
Liabilitas segera Obligations due immediately
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 91,885 217,593 - CIMB Bank Berhad
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia 1,981 - - PT CGS-CIMB Sekuritas Indonesia
93,866 217,593 -
Beban yang masih harus dibayar Accruals
- Pihak yang dimiliki oleh pemegang Parties owned -
saham akhir yang sama by the same ultimate shareholder
CIMB Bank Berhad 460 913 - CIMB Bank Berhad
Jumlah liabilitas yang terkait dengan Total liabilities associated with
pihak-pihak berelasi 839,845 1,044,918 571,013 related parties
Sebagai persentase terhadap jumlah liabilitas 0.29% 0.40% 0.21% As a percentage to total liabilities
Halaman – 5/207 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 831
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
48. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI (lanjutan) 48. RELATED PARTIES TRANSACTIONS (continued)
Transaksi dan saldo dengan pihak berelasi (lanjutan) Transactions and balances with related parties
(continued)
Rincian transaksi dan saldo dengan pihak-pihak yang berelasi The details of transactions and balances with related
adalah: (lanjutan) parties are as follows: (continued)
2023 2022 2021
Pendapatan bunga Interest income
-Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 777 - - Board of Commissioners
Dewan Direksi 5,858 4,691 8,557 Board of Directors
Pejabat Eksekutif Bank 3,651 3,616 3,659 Executive Bank Officers
10,286 8,307 12,216
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
PT CGS-CIMB Sekuritas Indonesia 1,794 1,049 - PT CGS-CIMB Sekuritas Indonesia
- Pihak yang dimiliki oleh pemegang saham akhir yang sama
akhir yang sama Parties under same ultimate shareholder -
CIMB Bank Berhad - 232 - CIMB Bank Berhad
Jumlah pendapatan bunga yang terkait dengan Total interest income associated with
pihak-pihak berelasi 12,080 9,588 12,216 related parties
Sebagai persentase terhadap jumlah pendapatan bunga 0.05% 0.05% 0.06% As a percentage to total interest income
Beban bunga Interest expense
-Manajemen Bank CIMB Niaga Management of Bank CIMB Niaga -
Dewan Komisaris 807 494 202 Board of Commissioners
Dewan Direksi 3,537 4,499 1,530 Board of Directors
Pejabat Eksekutif Bank 7,466 5,191 2,382 Executive Bank Officers
11,810 10,184 4,114
- Pihak yang dimiliki oleh pemegang saham akhir yang sama Parties under same ultimate -
akhir yang sama shareholder
CIMB Bank Berhad 8,067 8,372 2,691 CIMB Bank Berhad
PT Synergy Dharma Nayaga 1,480 1,521 1,942 PT Synergy Dharma Nayaga
PT Commerce Kapital 1,267 918 903 PT Commerce Kapital
PT Principal Asset Management 287 126 159 PT Principal Asset Management
Southeast Asia Special Asset Vehicle Limited 20 23 44 Southeast Asia Special Asset Vehicle Limited
CIMB Investment Bank- Berhad 2 35 - CIMB Investment Bank- Berhad
CIMB Securities Limited 3 9 8 CIMB Securities Limited
CIMB Bank BHD Singapore, Private Banking-Trust Account - - 631 CIMB Bank BHD Singapore, Private Banking-Trust Account
CIMB Islamic Bank Berhad - - 85 CIMB Islamic Bank Berhad
CIMB Thai Bank Public Company Limited - - 32 CIMB Thai Bank Public Company Limited
CIMB Private Equity Sdn Bhd - - 2 CIMB Private Equity Sdn Bhd
11,126 11,004 6,497
- Pihak yang dikendalikan oleh ventura bersama yang dimiliki Parties controlled by joint venture which -
oleh pemegang saham akhir owned by ultimate shareholders
CGS-CIMB Futures Indonesia 661 33 604 CGS-CIMB Futures Indonesia
PT CGS Konsultan Management 397 12 19 PT CGS Konsultan Management
PT CGS-CIMB Sekuritas Indonesia 215 161 177 PT CGS-CIMB Sekuritas Indonesia
CGS-CIMB Securities (Singapore) Pte Ltd 1 - 2 CGS-CIMB Securities (Singapore) Pte Ltd
1,274 206 802
- Pihak yang dikelola oleh pejabat eksekutif Party controlled by Bank CIMB Niaga's -
Bank CIMB Niaga executive officers
Dana Pensiun Bank CIMB Niaga 23 20 44 Dana Pensiun Bank CIMB Niaga
23 20 44
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 192 30 32 CIMB Group Sdn Bhd
192 30 32
Jumlah beban bunga yang terkait dengan Total interest expense associated with
pihak-pihak berelasi 24,425 21,444 11,490 related parties
Sebagai persentase terhadap jumlah beban bunga 0.27% 0.38% 0.22% As a percentage to total interest expense
Provisi dan komisi lainnya Other fees and commissions
- Pemegang saham mayoritas Majority shareholder -
CIMB Group Sdn Bhd 10,638 6,899 - CIMB Group Sdn Bhd
Jumlah provisi dan komisi lainnya yang terkait Total other fees and commissions associated with
dengan pihak-pihak berelasi 10,638 6,899 - related parties
Sebagai persentase terhadap jumlah
provisi dan komisi lainnya 0.34% 0.29% 0.00% As a percentage to total other fees and commissions
Halaman – 5/208 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 832
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
49. KEPENTINGAN NONPENGENDALI 49. NON-CONTROLLING INTEREST
a. Kepentingan nonpengendali atas kekayaan bersih a. The non-controlling interest in the net assets of
Entitas Anak adalah: Subsidiaries are as follows:
2023 2022 2021
Saldo awal 84,373 11,236 14,112 Beginning balance
Penerbitan saham baru oleh Entitas Anak - 20,000 - Issuance of new shares by Subsidiaries
Pelepasan saham treasuri 65 - Issuance of treasury shares
Bagian keuntungan bersih Net income
- tahun berjalan 77,206 54,990 (1,736) current year -
Pembagian dividen tunai Entitas Anak (16,492) (4,065) - Distribution of cash dividend by Subsidiaries
Penghasilan komprehensif lain (325) 2,212 - Other comprehensive income
Pembelian kembali saham treasuri oleh Buy back of treasury shares by
Entitas Anak - - (1,140) Subsidiaries
Saldo akhir kepentingan Ending balance of non-controlling
nonpengendali 144,827 84,373 11,236 interest
b. Kepentingan nonpengendali atas laba bersih Entitas b. The non-controlling interest in the net income of
Anak adalah: Subsidiaries are as follows:
2023 2022 2021
PT CIMB Niaga Auto Finance 77,111 54,853 (138) PT CIMB Niaga Auto Finance
PT CIMB Niaga Sekuritas 95 136 (1,598) PT CIMB Niaga Sekuritas
77,206 54,990 (1,736)
50. INFORMASI SEGMEN USAHA 50. OPERATING SEGMENTS INFORMATION
Bank CIMB Niaga telah menyajikan segmen operasi Bank CIMB Niaga presents operating segments based on the
berdasarkan informasi yang disiapkan secara internal untuk information that is internally provided to the chief operating
pengambil keputusan operasional. Pengambil keputusan decision maker. The Bank’s chief operating decision maker is
operasional Bank adalah Dewan Direksi. Kebijakan Board of Directors. This accounting policy is due to the
akuntansi ini merupakan penerapan PSAK 5 (Revisi 2014), adoption of SFAS 5 (Revised 2014), “Operating Segments”.
“Segmen Operasi”.
Segmen operasi dilaporkan sesuai dengan laporan internal Operating segments are reported in accordance with the
yang disiapkan untuk pengambil keputusan operasional internal reporting provided to the chief operating decision
yang bertanggung jawab untuk mengalokasikan sumber maker, which is responsible for allocating resources to the
daya ke segmen tertentu dan melakukan penilaian atas reportable segments and assesses its performance. All
performanya. Seluruh segmen operasi yang digunakan oleh operating segments used by Bank CIMB Niaga meet the
Bank CIMB Niaga telah memenuhi kriteria pelaporan definition of a reportable segment under SFAS 5
berdasarkan PSAK 5 (Revisi 2014). (Revised 2014).
Halaman – 5/209 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 833
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
Bank CIMB Niaga memiliki 7 (tujuh) pelaporan segmen. Di Bank CIMB Niaga has 7 (seven) reportable segments. The
bawah ini merupakan penjelasan mengenai operasi dari following describes the operations in each of Bank CIMB
masing-masing pelaporan segmen yang dimiliki oleh Bank Niaga’s reportable segments:
CIMB Niaga:
- Korporasi - termasuk kredit yang diberikan, simpanan - Corporate - includes loans, deposits and other
dan transaksi-transaksi lain, serta saldo atas nasabah transactions, and balances with corporate customers;
korporasi;
- Bisnis - merupakan produk dan jasa untuk nasabah - Business - includes products and services for customer
yang berskala kecil hingga sedang; segments comprising small to medium scale
enterprises;
- Ritel - fokus kepada produk dan jasa kepada nasabah - Retail - focuses on products and services for individual
individual. Segmen ini termasuk fasilitas kredit yang customers. It includes products such as loans, deposits
diberikan, simpanan dan transaksi-transaksi lain, serta and others transactions, and balances with retail
saldo atas nasabah ritel; customers;
- Treasuri - segmen ini terkait dengan kegiatan treasuri - Treasury - this segment undertakes Bank CIMB Niaga’s
Bank CIMB Niaga termasuk transaksi valuta asing, treasury activities which include foreign exchange,
money market, derivatif, serta investasi dalam bentuk money market, derivatives, and investing in placements
penempatan dan efek-efek; and securities transactions;
- Syariah - seluruh transaksi yang dilakukan oleh Unit - Sharia - includes all transactions relating to Sharia
Usaha Syariah; Business Unit;
- Lain-lain - termasuk aktivitas back office dan divisi yang - Others - includes all back office activities and non-profit
tidak menghasilkan laba di Bank CIMB Niaga. Lain-lain center divisions in Bank CIMB Niaga. Thus, it includes
termasuk jasa korporasi, penjualan dan distribusi, serta corporate service, sales and distribution, and others;
lain-lain; dan and
- Entitas Anak - termasuk seluruh transaksi yang timbul - Subsidiaries - includes all transactions relating to
dan dilakukan berdasarkan bisnis Entitas Anak. Subsidiaries businesses.
2023
Entitas
Korporasi/ Bisnis/ Ritel/ Tresuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,501,073 2,073,120 4,492,136 1,455,143 2,238,387 (265,103) 857,627 13,352,383 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 3,081,657 2,466,591 1,811,611 2,895,605 2,322,013 (82,721) 857,627 13,352,383 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen (580,584) (393,471) 2,680,525 (1,440,462) (83,626) (182,382) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (317,440) (442,780) (219,369) (9,772) (656,573) (484) (360,195) (2,006,613) non-financial assets - net
Provisi dan komisi lainnya 1,031,821 443,893 1,150,433 (103,776) 412,480 (3,737) 223,716 3,154,830 Other fees and commissions
Penghasilan operasional lainnya 20,014 147,637 213,287 1,734,632 111,363 123 51,251 2,278,307 Other operating income
Beban tenaga kerja (221,109) (429,780) (1,827,047) (195,182) (148,876) (1,898,204) (227,214) (4,947,412) Personnel expenses
Umum dan administrasi (57,016) (87,259) (1,920,087) (97,936) (45,499) (1,278,952) (129,020) (3,615,769) General and administrative
Lainnya - (21) (20,439) - (19) 1,507 (1,374) (20,346) Others
Laba/(rugi) operasional bersih 2,957,343 1,704,810 1,868,914 2,783,109 1,911,263 (3,444,850) 414,791 8,195,380 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih (15) (71) 8,385 82,199 3,800 (65,945) 133,539 161,892 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 2,957,328 1,704,739 1,877,299 2,865,308 1,915,063 (3,510,795) 548,330 8,357,272 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,722,625) (83,246) (1,805,871) Income tax expense
Laba/(rugi) bersih 2,957,328 1,704,739 1,877,299 2,865,308 1,915,063 (5,233,420) 465,084 6,551,401 Net income/(loss)
Kepentingan nonpengendali - - - - - (77,205) - (77,205) Non-controlling interest
Jumlah aset 65,895,966 45,791,257 40,795,551 104,578,937 62,747,240 5,589,074 8,971,208 334,369,233 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 53,106,489 45,792,340 101,289,915 29,232,524 46,060,991 3,240,422 6,309,181 285,031,862 Total liabilities
Halaman – 5/210 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 834
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
2022
Entitas
Korporasi/ Bisnis/ Ritel/ Treasuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,654,301 2,540,578 4,340,850 1,407,989 1,959,412 (203,431) 776,439 13,476,138 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 2,606,243 2,860,697 2,364,767 2,909,836 2,017,779 (59,623) 776,439 13,476,138 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen 48,058 (320,119) 1,976,083 (1,501,847) (58,367) (143,808) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (597,673) (1,201,281) (1,020,889) (633) (735,814) (15,984) (241,435) (3,813,709) non-financial assets - net
Provisi dan komisi lainnya 611,148 127,644 1,223,542 (103,059) 324,930 (2,634) 231,834 2,413,405 Other fees and commissions
Penghasilan operasional lainnya 147,708 257,276 234,017 2,120,442 160,707 3 56,025 2,976,178 Other operating income
Beban tenaga kerja (200,059) (402,004) (1,728,192) (174,460) (139,718) (1,799,573) (231,101) (4,675,107) Personnel expenses
Umum dan administrasi (51,889) (82,454) (1,922,135) (64,785) (55,497) (1,412,169) (169,356) (3,758,285) General and administrative
Lainnya - (27) (51,492) - (1,393) 3,366 (712) (50,258) Others
Laba/(rugi) operasional bersih 2,563,536 1,239,732 1,075,701 3,185,494 1,512,627 (3,430,422) 421,694 6,568,362 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih 201 (946) 328 20,517 (64) (9,120) 54 10,970 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 2,563,737 1,238,786 1,076,029 3,206,011 1,512,563 (3,439,542) 421,748 6,579,332 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,391,495) (91,066) (1,482,561) Income tax expense
Laba/(rugi) bersih 2,563,737 1,238,786 1,076,029 3,206,011 1,512,563 (4,831,037) 330,682 5,096,771 Net income/(loss)
Kepentingan nonpengendali - - - - - (54,990) - (54,990) Non-controlling interest
Jumlah aset 57,471,059 45,330,374 42,850,027 83,985,528 62,957,390 7,427,214 6,732,707 306,754,299 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 52,755,855 44,678,294 96,759,321 16,167,958 42,062,395 4,317,393 4,736,820 261,478,036 Total liabilities
2021
Entitas
Korporasi/ Bisnis/ Ritel/ Tresuri/ Syariah/ Lain-lain/ Anak/ Jumlah/
Corporate Business Retail Treasury Sharia Others Subsidiaries Total
Penghasilan/(beban) bunga bersih 2,434,062 3,064,967 4,056,685 1,355,780 1,899,571 (257,294) 535,089 13,088,860 Net interest income/(expense)
-Pendapatan/(beban) dari pihak eksternal 2,339,944 3,589,355 2,214,652 2,528,585 1,964,409 (83,174) 535,089 13,088,860 Income/(expense) from external parties -
-Pendapatan/(beban) antar segmen 94,118 (524,388) 1,842,033 (1,172,805) (64,838) (174,120) - - Inter-segment income/(expense) -
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (859,763) (1,498,631) (1,561,692) 152,793 (293,654) 462 (109,403) (4,169,888) non-financial assets - net
Provisi dan komisi lainnya 582,217 156,785 1,115,090 (74,635) 315,929 729 170,169 2,266,284 Other fees and commissions
Penghasilan operasional lainnya 12,008 49,842 214,542 1,818,438 73,599 45 43,899 2,212,373 Other operating income
Beban tenaga kerja (185,476) (403,933) (1,703,778) (139,396) (128,458) (1,672,214) (248,422) (4,481,677) Personnel expenses
Umum dan administrasi (42,303) (76,770) (1,807,627) (448,638) (47,026) (1,160,302) (110,346) (3,693,012) General and administrative
Lainnya (26) (5) (8,778) - (23) (95,433) (283) (104,548) Others
Laba/(rugi) operasional bersih 1,940,719 1,292,255 304,442 2,664,342 1,819,938 (3,184,007) 280,703 5,118,392 Net operating income/(loss)
Penghasilan/(beban) bukan Non-operating
operasional - bersih 28 262 53,375 22,463 204 (2,879) (747) 72,706 income/(expense) - net
Laba/(rugi) sebelum pajak penghasilan 1,940,747 1,292,517 357,817 2,686,805 1,820,142 (3,186,886) 279,956 5,191,098 Income/(loss) before income tax
Beban pajak penghasilan - - - - - (1,024,133) (68,361) (1,092,494) Income tax expense
Laba/(rugi) bersih 1,940,747 1,292,517 357,817 2,686,805 1,820,142 (4,211,019) 211,595 4,098,604 Net income/(loss)
Kepentingan nonpengendali - - - - - 1,736 - 1,736 Non-controlling interest
Jumlah aset 52,385,875 45,938,403 39,954,802 105,844,192 59,251,092 2,224,939 5,187,657 310,786,960 Total assets
+ + + ++ ++ ++ ++
Jumlah liabilitas 65,564,823 49,296,944 89,148,877 12,124,942 44,041,229 3,688,484 3,533,303 267,398,602 Total liabilities
Informasi yang berkaitan dengan segmen usaha utama dari Information concerning the main business segments of
Bank CIMB Niaga dan Entitas Anak disajikan dalam tabel di Bank CIMB Niaga and Subsidiaries is presented in the table
atas ini. above.
Segmen geografis Geographical segment
Operasional utama dari Bank CIMB Niaga dan Entitas Anak The principal operations of Bank CIMB Niaga and its
dikelola di wilayah Indonesia. Segmen bisnis Bank CIMB Subsidiaries are managed in Indonesia. Bank CIMB Niaga's
Niaga terbagi atas 6 (enam) area geografis utama, di luar business segments are mainly separated in 6 (six) main
Entitas Anak, yaitu Jakarta, Jawa Barat, Jawa Tengah, Jawa geographical areas, except for Subsidiaries, which are
Timur, Indonesia Timur, dan Sumatera. Jakarta, West Java, Central Java, East Java, East
Indonesia, and Sumatera.
Halaman – 5/211 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 835
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
Segmen geografis (lanjutan) Geographical segment (continued)
Informasi yang berkaitan dengan segmen berdasarkan Information concerning the geographical segments of Bank
geografis dari Bank CIMB Niaga dan Entitas Anak disajikan CIMB Niaga and Subsidiaries is presented in the table
dalam tabel di bawah ini: below:
2023
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 10,490,151 444,955 334,680 312,467 324,691 587,812 857,627 13,352,383 Net interest income
Pemulihan/(kerugian) penurunan nilai atas aset Reversal/(Impairment) on financial and
keuangan dan nonkeuangan - bersih (1,489,720) (33,239) 138,371 (243,044) (24,051) 5,265 (360,195) (2,006,613) non-financial assets - net
Provisi dan komisi lainnya 2,553,673 76,488 78,130 142,357 28,471 51,995 223,716 3,154,830 Other fees and commissions
Penghasilan operasional lainnya 2,093,180 28,335 29,958 39,801 9,253 26,529 51,251 2,278,307 Other operating income
Beban tenaga kerja (3,884,119) (182,306) (134,750) (206,835) (111,881) (200,307) (227,214) (4,947,412) Personnel expenses
Umum dan administrasi (3,116,522) (88,734) (61,818) (82,479) (50,450) (86,746) (129,020) (3,615,769) General and administrative
Lainnya (18,185) (414) (23) (279) (14) (58) (1,373) (20,346) Others
Laba operasional bersih 6,628,458 245,085 384,548 (38,012) 176,019 384,490 414,792 8,195,380 Net operating income
Pendapatan/(beban) bukan
operasional - bersih 25,774 527 800 765 387 100 133,539 161,892 Non-operating income/(expense) - net
Laba sebelum pajak penghasilan 6,654,232 245,612 385,348 (37,247) 176,406 384,590 548,331 8,357,272 Income before income tax
Beban pajak penghasilan (1,722,625) - - - - - (83,246) (1,805,871) Income tax expense
Laba bersih 4,931,607 245,612 385,348 (37,247) 176,406 384,590 465,085 6,551,401 Net income
Kepentingan nonpengendali (77,205) - - - - - - (77,205) Non-controlling interest
Jumlah aset 227,603,973 27,511,222 13,140,653 24,385,297 10,405,979 22,350,901 8,971,208 334,369,233 Total asset
Jumlah liabilitas 182,436,339 27,049,269 12,818,254 24,337,416 10,212,253 21,869,150 6,309,181 285,031,862 Total liabilities
2022
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 10,054,611 613,514 367,679 514,578 418,933 730,384 776,439 13,476,138 Net interest income
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (2,197,425) (107,055) (522,197) (474,417) (94,050) (177,130) (241,435) (3,813,709) non-financial assets - net
Provisi dan komisi lainnya 1,925,450 81,377 40,120 52,090 25,255 57,279 231,834 2,413,405 Other fees and commissions
Penghasilan operasional lainnya 2,681,349 8,165 20,297 159,491 14,220 36,631 56,025 2,976,178 Other operating income
Beban tenaga kerja (3,647,347) (175,107) (132,885) (193,410) (105,325) (189,932) (231,101) (4,675,107) Personnel expenses
Umum dan administrasi (3,199,304) (100,859) (66,934) (85,170) (47,521) (89,141) (169,356) (3,758,285) General and administrative
Lainnya (45,751) (131) (44) (45) (1) (3,575) (711) (50,258) Others
Laba operasional bersih 5,571,583 319,904 (293,964) (26,883) 211,511 364,516 421,695 6,568,362 Net operating income
Pendapatan/(beban) bukan
operasional - bersih 10,897 449 487 (927) 63 (53) 54 10,970 Non-operating income/(expense) - net
Laba sebelum pajak penghasilan 5,582,480 320,353 (293,477) (27,810) 211,574 364,463 421,749 6,579,332 Income before income tax
Beban pajak penghasilan (1,391,495) - - - - - (91,066) (1,482,561) Income tax expense
Laba bersih 4,190,985 320,353 (293,477) (27,810) 211,574 364,463 330,683 5,096,771 Net income
Kepentingan nonpengendali (54,990) - - - - - - (54,990) Non-controlling interest
Jumlah aset 214,084,510 22,999,478 10,763,485 23,238,862 9,270,413 19,664,844 6,732,707 306,754,299 Total asset
Jumlah liabilitas 170,886,181 22,705,744 11,240,179 23,448,172 9,122,291 19,338,649 4,736,820 261,478,036 Total liabilities
Halaman – 5/212 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
50. INFORMASI SEGMEN USAHA (lanjutan) 50. OPERATING SEGMENTS INFORMATION (continued)
Segmen geografis (lanjutan) Geographical segment (continued)
Informasi yang berkaitan dengan segmen berdasarkan Information concerning the geographical segments of Bank
geografis dari Bank CIMB Niaga dan Entitas Anak disajikan CIMB Niaga and Subsidiaries is presented in the table
dalam tabel di bawah ini: (lanjutan) below: (continued)
2021
Jawa Jawa Jawa Indonesia
Barat/ Tengah/ Timur/ Timur/ Entitas
Jakarta/ West Central East East Sumatera/ Anak/ Jumlah/
Jakarta Java Java Java Indonesia Sumatera Subsidiaries Total
Penghasilan bunga bersih 9,738,109 532,491 490,979 558,790 431,099 802,303 535,089 13,088,860 Net interest income
Kerugian penurunan nilai atas aset Impairment losses on financial and
keuangan dan nonkeuangan - bersih (3,556,934) (103,022) 288,291 (476,860) (79,381) (132,579) (109,403) (4,169,888) non-financial assets - net
Provisi dan komisi lainnya 1,823,802 90,389 46,274 51,259 27,476 56,915 170,169 2,266,284 Other fees and commissions
Penghasilan operasional lainnya 2,094,741 9,497 5,701 3,710 7,913 46,912 43,899 2,212,373 Other operating income
Beban tenaga kerja (3,400,249) (186,799) (147,458) (196,883) (106,742) (195,124) (248,422) (4,481,677) Personnel expenses
Umum dan administrasi (3,215,185) (86,852) (65,641) (79,655) (49,534) (85,799) (110,346) (3,693,012) General and administrative
Lainnya (98,525) (144) (29) (5,495) (1) (71) (283) (104,548) Others
Laba operasional bersih 3,385,759 255,560 618,117 (145,134) 230,830 492,557 280,703 ` 5,118,392 Net operating income
Pendapatan bukan
operasional - bersih 70,759 831 373 718 383 389 (747) 72,706 Non-operating income - net
Laba sebelum pajak penghasilan 3,456,518 256,391 618,490 (144,416) 231,213 492,946 279,956 5,191,098 Income before income tax
Beban pajak penghasilan (1,024,133) - - - - - (68,361) (1,092,494) Income tax expense
Laba bersih 2,432,385 256,391 618,490 (144,416) 231,213 492,946 211,595 4,098,604 Net income
Kepentingan nonpengendali 1,736 - - - - - - 1,736 Non-controlling interest
Jumlah aset 221,428,713 21,258,052 11,965,314 23,777,065 8,423,427 18,746,732 5,187,657 310,786,960 Total asset
Jumlah liabilitas 180,196,540 21,094,435 11,674,846 24,109,405 8,372,741 18,417,332 3,533,303 267,398,602 Total liabilities
51. MANAJEMEN RISIKO 51. RISK MANAGEMENT
Bank CIMB Niaga telah mengimplementasikan prosedur Bank CIMB Niaga has implemented Risk Management
Manajemen Risiko sesuai dengan POJK procedure in accordance with OJK regulation
No.18/POJK.03/2016 tentang Penerapan Manajemen No.18/POJK.03/2016 concerning Application of Risk
Risiko bagi Bank Umum dan Surat Edaran OJK Management for Commercial Banks and OJK Circular
No.34/SEOJK.03/2016 tentang Penerapan Manajemen Letter No.34/SEOJK.03/2016 concerning Application of
Risiko bagi Bank Umum tanggal 1 September 2016, serta Risk Management for Commercial Banks dated
POJK No.38/POJK.03/2017 tanggal 12 Juli 2017 dan 1 September 2016, also OJK regulation
SEOJK No.43/SEOJK.03/2017 tentang Penerapan No.38/POJK.03/2017 dated 12 July 2017 and SEOJK
Manajemen Risiko Secara Konsolidasi Bagi Bank yang No.43/SEOJK.03/2017 regarding Implementation of
Melakukan Pengendalian Terhadap Perusahaan Anak Consolidated Risk Management for Bank Performing
(tidak diaudit). Control on Subsidiary Companies (unaudited).
Menurut surat edaran tersebut, penerapan manajemen As stipulated in the decrees, processes for application of
risiko harus dilakukan tidak hanya pada risiko kredit, risiko risk management shall be implemented not only for credit
pasar maupun risiko operasional, namun juga untuk risiko risk, market risk and operational risk, but also for liquidity
likuiditas, risiko hukum, risiko reputasi, risiko strategis, dan risk, legal risk, reputation risk, strategic risk, and
risiko kepatuhan. compliance risk.
Pengungkapan mengenai risiko kredit, risiko tingkat suku Disclosure of credit risk, interest rate risk, currency risk,
bunga, risiko mata uang, risiko likuiditas, dan risiko liquidity risk, and operational risk has been disclosed in
operasional telah diungkapkan dalam catatan tersendiri separate notes (refer to Notes 52, 53, 54, 55, and 56).
(lihat Catatan 52, 53, 54, 55, dan 56).
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
a. Risiko Hukum a. Legal Risk
Risiko hukum adalah risiko yang disebabkan oleh Legal risk is the risk arising from weaknesses in judicial
adanya kelemahan aspek yuridis, antara lain yang aspect, amongst others are caused by legal claims,
disebabkan adanya tuntutan hukum, ketiadaan unavailability of law and regulations which supports
peraturan perundang-undangan yang mendukung Bank CIMB Niaga and Subsidiaries products and
aktivitas atau produk Bank CIMB Niaga dan Entitas activities, or weaknesses in legal documentation such
Anak, atau kelemahan perikatan seperti tidak as unavailability of binding contract and incomplete
dipenuhinya syarat sahnya kontrak dan pengikatan collateral agreements.
agunan yang tidak sempurna.
Berikut adalah faktor-faktor yang mempengaruhi risiko The following are factors which affect the legal risk:
hukum: karakter nasabah yang negatif, kurangnya customers’ negative character, lack of understanding of
pemahaman atas produk yang dijual kepada nasabah, product sold to customers, weak legal documentation,
dokumen legal yang lemah, konflik dengan nasabah unresolved conflict with customers or other parties, and
atau pihak lain yang tidak diselesaikan dengan baik, unresolved customer complaints.
dan keluhan nasabah yang tidak diselesaikan dengan
memuaskan.
Guna menghindari kemungkinan litigasi atau gugatan To prevent any possibility of litigation and legal cases,
hukum, unit legal dan unit bisnis terkait bertugas untuk the legal group and business group are responsible to
menyelesaikan masalah-masalah hukum yang terjadi ensure all the legal cases are settled well through
dengan mengelola setiap events yang terkait dengan managing the legal events properly, including provision
hukum secara tepat, termasuk potensi kerugiannya. on any potential loss that is incurred.
Bank CIMB Niaga dan Entitas Anak melakukan Bank CIMB Niaga and Subdiaries manages the legal
manajemen risiko hukum dengan melakukan risk through professional legal case handling and if
penanganan proses hukum secara profesional dan jika needed prepares provision for legal case expenses.
diperlukan membuat pencadangan potensi biaya
kerugian.
b. Risiko Strategis b. Strategic Risk
Risiko strategis adalah risiko yang antara lain Strategic risk is the risk which is caused by the
disebabkan adanya penetapan dan pelaksanaan determination and implementation of Bank CIMB
strategi Bank CIMB Niaga dan pengambilan keputusan Niaga’s strategy and inaccurate decision making or
bisnis yang tidak tepat atau kurang responsifnya Bank Bank CIMB Niaga’s unawareness to the external factor
CIMB Niaga terhadap perubahan eksternal. Berikut changes. Factors which affect the strategic risk are:
adalah faktor-faktor yang mempengaruhi risiko Bank CIMB Niaga’s vision and mission, strategic plan,
strategis: visi dan misi Bank CIMB Niaga, rencana change of ownership, and launch of new products.
strategis, perubahan kepemilikan, dan peluncuran
produk baru.
Pelaksanaan strategi, visi, dan misi Bank CIMB Niaga Improper strategy, vision, and mission implementation
yang tidak tepat serta pengambilan keputusan bisnis of Bank CIMB Niaga as well as unaligned business
yang tidak sejalan dengan perubahan eksternal dapat decisions that are not inline with external changes has
mempengaruhi kelangsungan bisnis Bank CIMB Niaga. an impact on Bank CIMB Niaga’s business going
concern.
Dalam kaitannya dengan hal tersebut di atas, Bank In relation with the risk as stated above, Bank CIMB
CIMB Niaga telah membentuk, merumuskan, Niaga has established, formulated, developed, and
menyusun, dan memantau pelaksanaan strategi monitored this strategy implementation including
termasuk corporate plan dan business plan. corporate plan and business plan.
Halaman – 5/214 – Page
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Page 838
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
b. Risiko Strategis lanjutan) b. Strategic Risk (continued)
Selain itu Bank CIMB Niaga menetapkan sejumlah In addition, Bank CIMB Niaga has decided several
indikator penting yang disesuaikan dengan kecukupan major indicators that are adjusted with the adequacy of
aset, permodalan, dan kondisi perubahan pasar agar assets, capital, and market sensitivity conditions in
bisnis Bank CIMB Niaga tetap tumbuh dan terus order to maintain Bank CIMB Niaga’s growth and
meningkatkan kepercayaan bagi para stakeholders dan continuously develop trust of stakeholders and
shareholders. shareholders.
c. Risiko Reputasi c. Reputation Risk
Risiko reputasi adalah risiko yang antara lain Reputation risk is the risk which is caused by negative
disebabkan oleh adanya publikasi negatif yang terkait publicity related with Bank CIMB Niaga’s activities or
dengan kegiatan usaha Bank CIMB Niaga atau negative perception on Bank CIMB Niaga. Factors
persepsi negatif terhadap Bank CIMB Niaga. Faktor- which influence reputation risk are: image, share price,
faktor yang mempengaruhi risiko reputasi antara lain: and internal conflict.
citra (image), harga saham, dan konflik internal.
Bank CIMB Niaga melakukan manajemen risiko Bank CIMB Niaga manages reputation risk by
reputasi dengan melakukan aktivitas public relation, performing public relation activities, CSR (Corporate
CSR (Corporate Social Responsibility), respon yang Social Responsibility), quick response to customers’
cepat terhadap keluhan nasabah, dan penerapan Good complaints, and consistent implementation of Good
Corporate Governance yang konsisten. Corporate Governance.
Bank CIMB Niaga juga telah membentuk Marketing and Bank CIMB Niaga has also set up Marketing and
Communication Committee, sebuah Komite Eksekutif, Communication Committee, an Executive Committee,
yang bertanggung jawab atas pemberian arahan yang which is responsible for providing strategic direction
jelas dalam pengelolaan merek Bank CIMB Niaga and guidance on Bank CIMB Niaga brand, including
termasuk strategi, value proposition, dan positioning. strategy, value proposition, and positioning.
Pengelolaan risiko reputasi dilakukan dengan Reputation risk management is performed through
memantau publikasi negatif dari media cetak baik surat monitoring negative reports from reader’s letters and
pembaca maupun artikel termasuk di dalamnya articles in media that includes customer’s complaints.
keluhan nasabah. Hal yang sama dilakukan untuk The same thing is also applied for customer complaints
keluhan nasabah yang melalui call center. via call center.
d. Risiko Kepatuhan d. Compliance Risk
Risiko kepatuhan adalah risiko yang terjadi karena Compliance risk is the risk that Bank CIMB Niaga does
Bank CIMB Niaga tidak mematuhi atau tidak not comply or implement internal policy and laws and
melaksanakan ketentuan internal dan peraturan regulations. In practice, compliance risk is embeded in
perundang-undangan. Pada praktiknya, risiko with Bank CIMB Niaga’s risks relating to laws and
kepatuhan melekat pada risiko Bank CIMB Niaga yang regulations, prudential requirements, and other
terkait pada peraturan perundang-undangan, ketentuan regulations, such as:
kehati-hatian, dan ketentuan lain yang berlaku, seperti:
Halaman – 5/215 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
d. Risiko Kepatuhan (lanjutan) d. Compliance Risk (continued)
Risiko kepatuhan adalah risiko yang terjadi karena Compliance risk is the risk that Bank CIMB Niaga does
Bank CIMB Niaga tidak mematuhi atau tidak not comply or implement internal policy and laws and
melaksanakan ketentuan internal dan peraturan regulations. In practice, compliance risk is embeded in
perundang-undangan. Pada praktiknya, risiko with Bank CIMB Niaga’s risks relating to laws and
kepatuhan melekat pada risiko Bank CIMB Niaga yang regulations, prudential requirements, and other
terkait pada peraturan perundang-undangan, ketentuan regulations, such as: (continued)
kehati-hatian, dan ketentuan lain yang berlaku, seperti:
(lanjutan)
- Risiko kredit terkait dengan ketentuan Kewajiban - Credit risk related with Capital Adequacy Ratio
Pemenuhan Modal Minimum (KPMM), Kualitas (CAR), Quality of Earning Assets, Allowance for
Aset Produktif, Pembentukan Penyisihan Aset Possible Losses, and Legal Lending Limit (LLL);
Produktif (PPAP), dan Batas Maksimum
Pemberian Kredit (BMPK);
- Risiko pasar terkait dengan ketentuan Posisi - Market risk related with Net Open Position (NOP)
Devisa Neto (PDN); regulation;
- Risiko strategis terkait dengan ketentuan Rencana - Strategic risk related with Bank CIMB Niaga’s
Kerja Anggaran Tahunan (RKAT) Bank CIMB Annual Business Plan; and
Niaga; dan
- Risiko lain yang terkait dengan ketentuan eksternal - Other risks related with external and internal
dan internal. regulations.
Faktor-faktor yang mempengaruhi risiko kepatuhan Factors which affect compliance risk are: external
adalah: perubahan peraturan eksternal, komunikasi regulation changes, internal communication,
internal, budaya disiplin karyawan, dan infrastruktur. employees discipline culture, and infrastructure.
Dalam mengelola manajemen risiko kepatuhan, Bank In managing compliance risk, Bank CIMB Niaga makes
CIMB Niaga melakukan peningkatan budaya continuous improvement for compliance culture through
kepatuhan yang terus menerus dilakukan melalui the compliance program:
program kepatuhan yaitu:
- Pembaharuan dan dokumentasi database - Updating and documenting compliance database;
kepatuhan;
- Sosialisasi/pelatihan kepatuhan melalui - Compliance socialisation/training through
regulation update, compliance news, e-learning, regulation update, compliance news, e-learning,
dan on-class training; and on-class training;
- Uji kepatuhan terhadap produk baru, kebijakan - Test of compliance on new products, new policy,
baru, dan aktivitas bank; and bank activities;
- Monitor pelaksanaan kepatuhan melalui - Monitoring the compliance realisation through
compliance matrix dan pembentukan Designated compliance matrix and establishing Designated
Compliance Officer (DCO); Compliance Officer (DCO);
- Penerapan anti pencucian uang dan pencegahan - Implementation of anti money laundering and
pendanaan teroris; dan preventive terrorism funding; and
- Pelaporan kepatuhan. - Compliance reporting.
Rasio-rasio utama yang dipersyaratkan oleh Peraturan The main ratios required by Bank Indonesia regulation
Bank Indonesia yaitu GWM, PLM, RIM, BMPK, NPL, which are the Minimum Statutory Reserves,
PDN dan KPMM telah dipenuhi oleh Bank CIMB Niaga Macroprudential Liquidity Buffer, Macropudential
(lihat Catatan 5, 12, 54, dan 58). Intermediation Ratio, LLL, NPL, NOP and CAR have
been fulfilled by Bank CIMB Niaga (refer to Notes 5, 12,
54, and 58).
Halaman – 5/216 – Page
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Page 840
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan e. Fair value of financial assets and liabilities
Pada tanggal 31 Desember 2023, 2022, dan 2021, nilai As at 31 December 2023, 2022, and 2021, the fair value
wajar dari aset dan liabilitas keuangan Bank CIMB of the Bank CIMB Niaga and Subsidiaries financial
Niaga dan Entitas Anak adalah: assets and liabilities are as follows:
2023
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
*) *)
Aset Assets
Giro pada Current accounts with
Bank Indonesia 13,180,254 13,180,254 Bank Indonesia
Giro pada bank lain 2,703,266 2,703,266 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 4,532,988 4,532,988 and Bank Indonesia
Efek-efek 9,363,933 9,408,938 Marketable securities
Obligasi Pemerintah 70,596,507 70,675,399 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 5,159,387 5,159,387 resale agreements
Tagihan derivatif 849,014 849,014 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 84,189,293 85,988,930 Working capital
Investasi 46,418,146 56,513,763 Investment
Konsumsi 70,714,948 86,123,047 Consumer
201,322,387 228,625,740
Tagihan akseptasi 1,093,453 1,093,453 Acceptance receivables
Penyertaan 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 3,414,197 3,414,197 Accrued interest income
Aset lain-lain 1,834,271 1,834,271 Other assets
314,053,316 341,480,566
Liabilitas Liabilities
Liabilitas segera 3,581,921 3,581,921 Obligation due immediately
Simpanan dari nasabah 235,861,670 235,861,670 Deposits from customers
Simpanan dari bank lain 1,760,447 1,760,447 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 20,426,826 repurchase agreement
Liabilitas derivatif 540,051 540,051 Derivative payables
Liabilitas akseptasi 1,102,091 1,102,091 Acceptance payables
Efek-efek yang diterbitkan 2,297,702 2,302,735 Marketable securities issued
Pinjaman yang diterima 6,288,525 6,525,781 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 509,417 509,417 other liabilities
Pinjaman subordinasi 155,619 161,842 Subordinated loans
272,524,269 272,772,781
*) Setelah dikurangkan cadangan kerugian penurunan nilai Net of allowances for impairment losses *)
Halaman – 5/217 – Page
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, nilai As at 31 December 2023, 2022, and 2021, the fair value
wajar dari aset dan liabilitas keuangan Bank CIMB of the Bank CIMB Niaga and Subsidiaries financial
Niaga dan Entitas Anak adalah: (lanjutan) assets and liabilities are as follows: (continued)
2022
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
*) *)
Aset Assets
Giro pada Current accounts with
Bank Indonesia 8,985,257 8,985,257 Bank Indonesia
Giro pada bank lain 2,748,458 2,748,458 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 14,869,794 14,869,794 and Bank Indonesia
Efek-efek 5,809,665 5,846,546 Marketable securities
Obligasi Pemerintah 59,199,026 59,338,585 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 510,307 510,307 resale agreements
Tagihan derivatif 969,308 969,308 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 73,183,238 74,803,429 Working capital
Investasi 43,984,450 53,436,102 Investment
Konsumsi 66,245,941 81,689,519 Consumer
183,413,629 209,929,050
Tagihan akseptasi 2,086,763 2,086,763 Acceptance receivables
Penyertaan 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 2,923,768 2,923,768 Accrued interest income
Aset lain-lain 4,787,789 4,787,789 Other assets
286,307,423 312,999,284
Liabilitas Liabilities
Liabilitas segera 3,705,094 3,705,094 Obligation due immediately
Simpanan dari nasabah 227,188,557 227,188,557 Deposits from customers
Simpanan dari bank lain 2,506,012 2,506,012 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 6,062,727 repurchase agreement
Liabilitas derivatif 701,179 701,179 Derivative payables
Liabilitas akseptasi 2,106,596 2,106,596 Acceptance payables
Efek-efek yang diterbitkan 1,704,938 1,735,568 Marketable securities issued
Pinjaman yang diterima 3,425,409 3,862,335 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 373,411 373,411 other liabilities
Pinjaman subordinasi 228,311 242,501 Subordinated loans
248,002,234 248,483,980
*) Setelah dikurangkan cadangan kerugian penurunan nilai
Net of allowances for impairment losses *)
Halaman – 5/218 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 842
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, nilai As at 31 December 2023, 2022, and 2021, the fair value
wajar dari aset dan liabilitas keuangan Bank CIMB of the Bank CIMB Niaga and Subsidiaries financial
Niaga dan Entitas Anak adalah: (lanjutan) assets and liabilities are as follows: (continued)
2021
Nilai tercatat/ Nilai wajar/
Carrying value Fair value
*) *)
Aset Assets
Giro pada Current accounts with
Bank Indonesia 9,291,044 9,291,044 Bank Indonesia
Giro pada bank lain 2,822,988 2,822,988 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 30,345,785 30,345,785 and Bank Indonesia
Efek-efek 10,175,922 10,239,989 Marketable securities
Obligasi Pemerintah 60,520,764 61,577,150 Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 1,589,656 1,589,656 resale agreements
Tagihan derivatif 909,081 909,081 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal Kerja 75,481,988 79,859,063 Working capital
Investasi 35,576,491 43,168,489 Investment
Konsumsi 57,419,307 73,180,284 Consumer
168,477,786 196,207,836
Tagihan akseptasi 2,564,041 2,564,041 Acceptance receivables
Penyertaan 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 2,946,425 2,946,425 Accrued interest income
Aset lain-lain 1,932,099 1,932,099 Other assets
291,579,250 320,429,753
Liabilitas Liabilities
Liabilitas segera 3,239,391 3,239,391 Obligation due immediately
Simpanan dari nasabah 241,348,510 241,348,510 Deposits from customers
Simpanan dari bank lain 3,059,451 3,059,451 Deposits from other banks
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 1,262,232 1,262,232 repurchase agreement
Liabilitas derivatif 294,659 294,659 Derivative payables
Liabilitas akseptasi 2,603,607 2,603,607 Acceptance payables
Efek-efek yang diterbitkan 5,369,228 5,569,260 Marketable securities issued
Pinjaman yang diterima 1,973,306 2,122,293 Borrowings
Beban yang masih harus dibayar dan Accruals and
liabilitas lain-lain 424,726 424,726 other liabilities
Pinjaman subordinasi 226,143 252,099 Subordinated loans
259,801,253 260,176,228
*) Setelah dikurangkan cadangan kerugian penurunan nilai
Net of allowances for impairment losses *)
Halaman – 5/219 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 843
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
(i) Giro pada Bank Indonesia, giro pada bank lain, (i) Current accounts with Bank Indonesia, current
tagihan akseptasi, penyertaan, pendapatan yang accounts with other banks, acceptance
masih harus diterima, dan aset lain-lain receivables, investments, accrued income, and
other assets
Nilai tercatat dari giro pada Bank Indonesia dan The carrying amount of floating rate current
bank lain dengan suku bunga mengambang accounts with Bank Indonesia and other banks is
adalah perkiraan yang layak atas nilai wajar. a reasonable approximation of fair value.
Estimasi nilai wajar terhadap tagihan akseptasi, The estimated fair value of acceptance
pendapatan yang masih harus diterima, dan aset receivables, accrued income, and other assets is
lain-lain ditetapkan berdasarkan diskonto arus based on discounted cash flows using prevailing
kas dengan menggunakan suku bunga pasar money market interest rates for debts with similar
uang yang berlaku untuk hutang dengan risiko credit risk and remaining maturity. Since the
kredit dan sisa jatuh tempo yang serupa. Karena maturity is below 1 (one) year, the carrying
sisa jatuh tempo di bawah 1 (satu) tahun, nilai amount of acceptance receivables, accrued
tercatat dari tagihan akseptasi, pendapatan yang income, and other assets is
masih harus diterima, dan aset lain-lain adalah a reasonable approximation of fair value.
perkiraan yang layak atas nilai wajar.
(ii) Penempatan pada bank lain dan Bank Indonesia (ii) Placements with other banks and Bank Indonesia
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
merupakan penanaman dana dalam bentuk represent placements in the form of Bank
Fasilitas Simpanan Bank Indonesia (“FASBI”), Indonesia Deposit Facility (“FASBI”), Sharia
FASBI Syariah, call money, penempatan “fixed- FASBI, call money, “fixed-term” placements, time
term”, deposito berjangka, dan lain-lain. deposits, and others.
Nilai tercatat dari penempatan dan simpanan The carrying amount of floating rate placements
overnight dengan suku bunga mengambang and overnight deposits is a reasonable
adalah perkiraan yang layak atas nilai wajar. approximation of fair value.
Estimasi nilai wajar terhadap penempatan The estimated fair value of fixed interest bearing
dengan suku bunga tetap ditetapkan berdasarkan deposits is based on discounted cash flows using
diskonto arus kas dengan menggunakan suku prevailing money market interest rates for debts
bunga pasar uang yang berlaku untuk hutang with similar credit risk and remaining maturity
dengan risiko kredit dan sisa jatuh tempo yang (level 2 - fair value hierarchy).
serupa (level 2 - hirarki nilai wajar).
Halaman – 5/220 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 844
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
(iii) Tagihan dan liabilitas derivatif, efek-efek, dan (iii) Derivative receivables and payables, marketable
Obligasi Pemerintah securities, and Government Bonds
Nilai wajar untuk tagihan dan liabilitas derivatif The fair value for derivative receivables and
mencerminkan diskonto dari estimasi kini dari arus payables represents discounted amount of
kas masa depan yang diharapkan akan diterima estimated future cash flows expected to be
atau dibayarkan hingga jatuh tempo. Arus kas received or to be paid until maturity. Expected
yang diharapkan didiskontokan pada tingkat suku cash flows are discounted at current market rates
bunga pasar terkini untuk menentukan nilai wajar to determine fair value (level 2 - fair value
(tingkat 2 – hirarki nilai wajar). Nilai wajar untuk hierarchy). The fair value for marketable securities
efek-efek ditetapkan berdasarkan data dari IBPA are based on data from IBPA (Indonesia Bond
(Indonesia Bond Pricing Agency) dimana dihitung Pricing Agency) which is calculated using
dengan model diskonto arus kas dengan kurva discounted cash flow model based on current
yield (diambil dari data pasar) terkini yang sesuai yield curve (derived from market data)
dengan sisa periode jatuh temponya (tingkat 2 – appropriated with remaining term of maturity (level
hirarki nilai wajar). Nilai wajar untuk Obligasi 2 – fair value hierarchy). The fair value for
Pemerintah ditetapkan berdasarkan harga pasar Government Bonds are based on quoted market
kuotasi dari Bloomberg (tingkat 1 – hirarki nilai prices from Bloomberg (level 1 – fair value
wajar). hierarchy).
(iv) Efek-efek yang dibeli dengan janji dijual kembali (iv) Securities purchased under resale agreements
dan efek-efek yang dijual dengan janji dibeli and securities sold under repurchase agreements
kembali
Estimasi nilai wajar terhadap efek-efek yang dibeli The estimated fair value of securities purchased
dengan janji dijual kembali dan efek-efek yang under resale agreements and securities sold
dijual dengan janji dibeli kembali ditetapkan under repurchased agreements are based on
berdasarkan diskonto arus kas dengan discounted cash flows using prevailing money
menggunakan suku bunga pasar uang yang market interest rates for debts with similar credit
berlaku untuk hutang dengan risiko kredit dan sisa risk and remaining maturity. Since the maturity is
jatuh tempo yang serupa. Karena sisa jatuh tempo below 1 (one) year, the carrying amount of
di bawah 1 (satu) tahun sehingga nilai tercatat dari securities purchased under resale agreements
efek-efek yang dibeli dengan janji dijual kembali and securities sold under repurchase agreements
dan efek efek yang dijual dengan janji dibeli is a reasonable approximation of fair value
kembali adalah perkiraan yang layak atas nilai (level 2 - fair value hierarchy).
wajar (level 2 - hirarki nilai wajar).
(v) Kredit yang diberikan dan piutang pembiayaan (v) Loans and consumer financing receivables
konsumen
Kredit yang diberikan dan piutang pembiayaan Loans and consumer financing receivables are
konsumen dinyatakan berdasarkan jumlah nilai recorded at carrying amount net of provision for
tercatat setelah dikurangi cadangan penurunan impairment. The estimated fair value represents
nilai. Estimasi nilai wajar mencerminkan jumlah the discounted amount of estimated future cash
diskonto dari estimasi kini dari arus kas masa flows expected to be received. Expected cash
depan yang diharapkan akan diterima. Arus kas flows are discounted at current market rates to
yang diharapkan didiskontokan pada tingkat suku determine fair value (level 3 - fair value hierarchy).
bunga pasar terkini untuk menentukan nilai wajar
(level 3 - hirarki nilai wajar).
Halaman – 5/221 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 845
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
(vi)aLiabilitas segera, simpanan dari nasabah, (vi)a Obligation due immediately, deposits from
simpanan dari bank lain, liabilitas akseptasi, customers, deposits from other banks,
pinjaman diterima, serta beban yang masih harus acceptance liabilities, borrowings, and accrual
dibayar dan liabilitas lain-lain and other liabilities
Estimasi nilai wajar simpanan tanpa jatuh tempo, The estimated fair value of deposits with no stated
termasuk simpanan tanpa bunga, adalah sebesar maturity, which includes non-interest bearing
jumlah terhutang ketika hutang tersebut deposits, is the amount repayable on demand.
dibayarkan.
Estimasi nilai wajar terhadap liabilitas segera, The estimated fair value of obligation due
simpanan dengan tingkat suku bunga tetap, immediately, fixed interest-bearing deposits,
liabilitas akseptasi, pinjaman yang diterima, beban acceptance liabilities, borrowings, accrual, and
yang masih harus dibayar, dan liabilitas lain-lain other liabilities not quoted in an active market is
yang tidak memiliki kuotasi di pasar aktif based on discounted cash flows using interest
ditetapkan berdasarkan diskonto arus kas dengan rates for new debts with similar remaining maturity
menggunakan suku bunga hutang baru dengan (level 2 - fair value hierarchy).
sisa jatuh tempo yang serupa (level 2 - hirarki nilai
wajar).
(vii) Pinjaman subordinasi dan efek-efek yang (vii) Subordinated loans and marketable securities
diterbitkan issued
Nilai wajar pinjaman subordinasi dan efek-efek The fair value of subordinated loans and
yang diterbitkan diestimasi menggunakan marketable securities issued are estimated by
data dari IBPA (Indonesia Bond Pricing using data from IBPA (Indonesia Bond Pricing
Agency) dimana dihitung dengan model Agency) which is calculated using a
diskonto arus kas dengan kurva yield (diambil discounted cash flow model based on current
dari data pasar) terkini yang sesuai dengan yield curve (derived from market data)
sisa periode jatuh temponya (tingkat 2 – appropriated with remaining term of maturity
hirarki nilai wajar). (level.2.–.fair.value.hierarchy).
Halaman – 5/222 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 846
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
Aset dan liabilitas keuangan yang diukur pada nilai Financial assets and liabilities measured at fair value
wajar melalui laba rugi dan diukur pada nilai wajar through profit or loss and measured at fair value through
melalui penghasilan komprehensif lain menggunakan other comprehensive income use the following fair value
hirarki nilai wajar sebagai berikut: hierarchy:
a. Tingkat 1 a. Level 1
Harga kuotasian (tidak disesuaikan) dalam pasar Quoted prices (unadjusted) in active markets for
aktif untuk aset atau liabilitas yang identik; identical assets or liabilities;
b. Tingkat 2 b. Level 2
Input selain harga kuotasian yang termasuk dalam Inputs other than quoted prices included within
Tingkat 1 yang dapat diobservasi untuk aset atau Level 1 that are observable for the assets or
liabilitas, baik secara langsung (misalnya harga) liabilities, either directly (such as prices) or indirectly
maupun tidak langsung (misalnya derivasi harga); (such as derived from prices); and
dan
c. Tingkat 3 c. Level 3
Input untuk aset atau liabilitas yang bukan Inputs for the assets or liabilities that are not based
berdasarkan data pasar yang dapat diobservasi on observable market data (unobservable inputs).
(input yang tidak dapat diobservasi).
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, financial
aset dan liabilitas keuangan yang diukur pada nilai assets and liabilities measured at fair value based on
wajar menggunakan hirarki nilai wajar adalah: following fair value hierarchy:
2023
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek - 8,348,402 - 8,348,402 Marketable securities
Obligasi Pemerintah 52,504,393 - - 52,504,393 Government Bonds
Tagihan derivatif - 849,014 - 849,014 Derivative receivables
52,504,393 9,197,416 - 61,701,809
Liabilitas Liabilities
Simpanan dari nasabah - 18,983,531 - 18,983,531 Deposits from customers
Simpanan dari bank lain - 4,206 - 4,206 Deposits from other banks
Liabilitas derivatif - 540,051 - 540,051 Derivative payables
- 19,527,788 - 19,527,788
2022
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek - 4,351,761 - 4,351,761 Marketable securities
Obligasi Pemerintah 38,876,174 - - 38,876,174 Government Bonds
Tagihan derivatif - 969,308 - 969,308 Derivative receivables
38,876,174 5,321,069 - 44,197,243
Liabilitas Liabilities
Simpanan dari nasabah - 15,588,364 - 15,588,364 Deposits from customers
Liabilitas derivatif - 701,179 - 701,179 Derivative payables
- 16,289,543 - 16,289,543
Halaman – 5/223 – Page
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Page 847
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
e. Nilai wajar aset dan liabilitas keuangan (lanjutan) e. Fair value of financial assets and liabilities
(continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, financial
aset dan liabilitas keuangan yang diukur pada nilai assets and liabilities measured at fair value based on
wajar menggunakan hirarki nilai wajar adalah: following fair value hierarchy: (continued)
(lanjutan)
2021
Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek - 8,608,776 - 8,608,776 Marketable securities
Obligasi pemerintah 43,359,277 - - 43,359,277 Government bonds
Tagihan derivatif - 909,081 - 909,081 Derivative receivables
43,359,277 9,517,857 - 52,877,134
Liabilitas Liabilities
Simpanan dari nasabah - 12,464,021 - 12,464,021 Deposits from customers
Liabilitas derivatif - 294,659 - 294,659 Derivative payables
- 12,758,680 - 12,758,680
f. Manajemen risiko permodalan f. Capital risk management
Kebijakan manajemen modal Bank CIMB Niaga adalah Bank CIMB Niaga’s capital management objective is to
untuk mempertahankan posisi modal yang kuat untuk maintain a strong capital position to support business
mendukung pertumbuhan bisnis dan mempertahankan growth and to sustain investors, depositor, customer,
investor, deposan, pelanggan, dan kepercayaan and market confidence. In managing its capital, Bank
pasar. Dalam pengelolaan permodalan, Bank CIMB CIMB Niaga considers factors such as: providing
Niaga mempertimbangkan faktor-faktor seperti: optimal capital rate of return to shareholders,
pengembalian modal yang optimal kepada pemegang maintaining a balance between high return with gearing
saham, menjaga keseimbangan antara keuntungan ratio and the advantages, and safety provided by a
yang lebih tinggi dengan gearing ratio dan keuntungan, sound capital position.
serta keamanan yang diberikan oleh posisi modal yang
sehat.
Bank CIMB Niaga telah memenuhi semua persyaratan Bank CIMB Niaga has complied with all externally
modal yang diwajibkan pada tanggal 31 Desember imposed capital requirements as at 31 December 2023.
2023.
Posisi permodalan Bank CIMB Niaga berdasarkan Bank CIMB Niaga’s regulatory capital position under the
peraturan Bank Indonesia yang berlaku pada tanggal prevailing Bank Indonesia regulation as at
31 Desember 2023, 2022, dan 2021, diungkapkan 31 December 2023, 2022, and 2021, were disclosed in
pada Catatan 58. Note 58.
Manajemen menggunakan peraturan rasio permodalan Management uses regulatory capital ratios in order to
untuk memantau kecukupan modal, sesuai dengan monitor its capital base, in accordance with the industry
standar industri dengan mempertimbangkan ketentuan standards by considering applicable requirement as
yang ditetapkan oleh regulator. Pendekatan Bank regulated by regulator for measuring capital adequacy.
Indonesia untuk pengukuran modal tersebut terutama
didasarkan pada pemantauan kebutuhan modal yang Bank Indonesia’s approach in measuring the capital
diwajibkan (diukur sebesar persentase tertentu dari ratio is primarily based on capital regulatory (measured
aset tertimbang menurut risiko) terhadap modal yang as certain percentage of risk-weighted assets) towards
tersedia. available capital resources.
Halaman – 5/224 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
51. MANAJEMEN RISIKO (lanjutan) 51. RISK MANAGEMENT (continued)
f. Manajemen risiko permodalan (lanjutan) f. Capital risk management (continued)
Profil Risiko Risk Profile
Penilaian risiko ditekankan kepada jenis-jenis risiko Risk assessment is emphasised on types of risks as
sebagaimana yang ditetapkan oleh OJK, yaitu risiko determined by OJK such as credit risk, liquidity risk,
kredit, risiko likuiditas, risiko pasar, risiko operasional, market risk, operational risk, legal risk, compliance risk,
risiko hukum, risiko kepatuhan, risiko reputasi, dan reputation risk, and strategic risk. To obtain the overall
risiko strategis. Untuk mendapatkan profil risiko secara risk profiles from all types of risks, Bank CIMB Niaga
keseluruhan dari semua jenis risiko, Bank CIMB Niaga assigns risk weight for each type of risk in accordance
memberikan bobot risiko untuk setiap jenis risiko sesuai with pre-determined risk appetite. Based on Bank CIMB
dengan risk appetite yang telah Niaga’s report to OJK, Bank CIMB Niaga’s overall risk
direncanakan/ditetapkan sebelumnya. Berdasarkan profile as at 31 December 2023 is Low Moderate
laporan yang diserahkan ke OJK, profil risiko Bank (unaudited).
CIMB Niaga secara keseluruhan pada tanggal
31 Desember 2023 dapat dikategorikan Rendah
Moderat (tidak diaudit).
52. RISIKO KREDIT 52. CREDIT RISK
Risiko kredit adalah risiko kerugian keuangan yang timbul jika Credit risk is the risk of financial loss, if any of Bank CIMB
nasabah, klien atau rekanan Bank CIMB Niaga gagal Niaga’s customers, clients or market counterparties fail to
memenuhi liabilitas kontraktualnya kepada Bank CIMB Niaga. fulfill their contractual obligations to Bank CIMB Niaga.
Risiko kredit terutama berasal dari kredit yang diberikan Credit risk arises mainly from consumer and commercial
kepada sektor konsumen dan komersial, kartu kredit, dan risiko loans, credit cards, and also arises from credit
kredit dari credit enhancement, seperti kredit derivatif (credit enhancement provided, such as credit derivatives (credit
default swaps), garansi, letters of credit, endorsements, dan default swaps), guarantees, letters of credit, endorsements,
akseptasi. and acceptances.
Bank CIMB Niaga juga dipengaruhi oleh risiko kredit lainnya Bank CIMB Niaga is also exposed to other credit risks
yang berasal dari investasi pada efek hutang (Obligasi arising from investments in debt securities (Government
Pemerintah dan efek-efek) dan eksposur lain yang timbul dari Bonds and marketable securities) and other exposures
aktivitas perdagangan (eksposur perdagangan). arising from its trading activities (trading exposures).
Manajemen melakukan pengelolaan eksposur risiko kredit Management is prudent in managing its exposure to credit
dengan hati-hati. Manajemen dan pengendalian atas risiko risk. The credit risk management and control are centralised
kredit dipusatkan dalam tim manajemen risiko kredit, yang in a credit risk management team, which reports to the
bertanggung jawab kepada Dewan Direksi dan pemimpin tiap Board of Directors and head of each business unit regularly.
unit bisnis secara rutin.
Faktor utama yang berperan dalam pengendalian dan The main factor that controls and reduces credit risk is the
mengurangi risiko kredit adalah kemampuan dan kematangan ability and maturity of the credit units to analyze the credit,
satuan kerja perkreditan dalam membuat analisis kredit, which results in a balance between credit risk and business
sehingga pada akhirnya tercapai suatu keseimbangan antara development consideration. At the same time, portfolio
pengelolaan risiko dengan pengembangan bisnis. Bersamaan management and credit risk is the responsibility of the Risk
dengan itu, pengelolaan portofolio dan risiko kredit merupakan Management Committee.
tanggung jawab dari Komite Manajemen Risiko.
(i) Pengukuran risiko kredit (i) Credit risk measurement
Estimasi terhadap eksposur kredit adalah proses yang The estimation of credit exposure is complex and
kompleks dan memerlukan penggunaan model, dimana requires the use of models, as the value of a product
nilai dari suatu produk bervariasi tergantung dengan varies depend on changes in market variables,
perubahan pada variabel-variabel pasar, arus kas masa expected future cash flows, and the passage of time.
depan, dan rentang waktu. Penilaian risiko kredit atas The credit assessment of asset portfolio entails further
suatu portofolio aset memerlukan estimasi-estimasi, estimations such as the likelihood of defaults occurring
seperti kemungkinan terjadinya wanprestasi, rasio of the associated loss ratios and of default correlations
kerugian, dan korelasi wanprestasi antar rekanan. between counterparties.
Halaman – 5/225 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 849
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(i) Pengukuran risiko kredit (lanjutan) (i) Credit risk measurement (continued)
Bank CIMB Niaga memiliki model untuk mendukung Bank CIMB Niaga has the models to support the
kuantifikasi dari risiko kredit. Model peringkat dan skor ini quantification of credit risk. These rating and scoring
akan digunakan untuk keseluruhan portofolio kredit utama models will be used for all key credit portfolios and form
dan membentuk basis untuk mengukur risiko the basis for measuring default risks. In measuring
wanprestasi. Dalam mengukur risiko kredit untuk kredit credit risk of loans, Bank CIMB Niaga considers three
yang diberikan, Bank CIMB Niaga mempertimbangkan components: (i) loss estimation when debtor or
tiga komponen: (i) estimasi kerugian saat debitur atau counterparts cannot fulfill their contractual obligations;
rekanan tidak dapat memenuhi liabilitasnya; (ii) estimasi (ii) estimation of the exposure when a debtors or
tingkat eksposur saat debitur atau rekanan tidak dapat counterparts cannot fulfill their obligations, both at on-
memenuhi liabilitasnya baik pada on-balance sheet balance sheet and off-balance sheet; and (iii) loss
maupun off-balance sheet; dan (iii) estimasi kerugian estimation that should be borne by Bank CIMB Niaga
yang harus ditanggung oleh Bank CIMB Niaga atas on the defaulted obligations.
liabilitas yang telah wanprestasi.
Untuk memantau risiko atas penyaluran kredit, secara To manage and monitor credit risk, Bank CIMB Niaga
rutin Bank CIMB Niaga melakukan analisis terhadap performs portfolio analysis regularly through statistical
portofolio kredit melalui pendekatan secara statistik method based on portfolio segmentation and credit
berdasarkan segmentasi bisnis dan kualitas kredit dari quality from debtors or counterparts, including in
debitur atau rekanan, termasuk dalam menentukan determining credit segmentation and quality for the
segmentasi dan kualitas kredit untuk keperluan penilaian purpose of assessing allowance for impairment losses.
cadangan kerugian penurunan nilai. Indikator "Peringatan “Early Warning” indicators are established through
Dini" ditentukan melalui proyeksi dan pemantauan limit. forecasting and limit monitoring. Several methods used
Metode yang digunakan dalam memantau portofolio in regular portfolio monitoring are transition matrix and
secara reguler adalah matriks transisi dan Gross Roll Rate Gross Roll Rate Model.
Model.
Penetapan Kebijakan Limit dan pemantauan juga Policy and Limits monitoring is conducted on regular
dilakukan secara rutin, antara lain: Batas Maksimum basis including: Legal Lending Limit, business
Pemberian Kredit, segmentasi bisnis (kategori debitur), segmentation (category of debtor), type of currency,
jenis mata uang, dan sektor ekonomi. Bank CIMB Niaga and economic sectors. Bank CIMB Niaga has set the
telah menetapkan limit-limit untuk memantau kualitas limits to monitor the quality of retail credit portfolio,
portofolio kredit ritel, termasuk didalamnya kredit ritel yang covering the types of loans which granted to
diberikan kepada individu, dalam jangka waktu individuals, within a specific period/installment or
tertentu/cicilan atau berulang dan kredit yang diberikan revolving and direct or indirect lending to the debtor.
secara langsung atau tidak langsung kepada debitur.
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy
Bank CIMB Niaga mengelola, membatasi, dan Bank CIMB Niaga manages, limits, and controls
mengendalikan konsentrasi risiko kredit dimanapun risiko concentrations of credit risk wherever they are
tersebut teridentifikasi secara khusus, terhadap debitur identified in particular, to individual counterparties and
individu dan kelompok, dan industri serta geografis. groups, and to industries and geographical.
Bank CIMB Niaga menentukan tingkat risiko kredit yang Bank CIMB Niaga structures the levels of credit risk
dimiliki dengan menetapkan batas jumlah risiko yang bisa and undertakes by placing limits on the amount of risk
diterima yang terkait dengan satu debitur, atau kelompok accepted in relation to one borrower, or groups of
debitur, dan berdasarkan segmen geografis dan industri. borrowers, and to geographical and industry
Risiko ini dimonitor dengan basis revolving dan akan segments. Such risks are monitored on a revolving
ditelaah secara tahunan atau dengan frekuensi yang lebih basis and subject to an annual or more frequent
sering jika diperlukan. review, when considered necessary.
Halaman – 5/226 – Page
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Page 850
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Bank CIMB Niaga mengelola, membatasi, dan Bank CIMB Niaga manages, limits, and controls
mengendalikan konsentrasi risiko kredit dimanapun risiko concentrations of credit risk wherever they are
tersebut teridentifikasi secara khusus, terhadap debitur identified in particular, to individual counterparties and
individu dan kelompok, dan industri serta geografis. groups, and to industries and geographical.
Eksposur pada satu debitur termasuk bank dan perantara The exposure to any one borrower including banks and
(broker) juga dibatasi oleh sublimit yang mencakup brokers is further restricted by sublimits covering on
eksposur laporan posisi keuangan dan rekening statement of financial position and administrative
administratif, dan batas risiko pengiriman harian accounts, and daily delivery risk limits in relation to
sehubungan dengan unsur yang diperdagangkan seperti trading items such as forward foreign exchange
kontrak forward untuk nilai tukar mata uang asing. contracts. Actual exposures against limits are
Eksposur aktual terhadap batas yang telah ditetapkan monitored daily.
dimonitor secara harian.
Batas pemberian kredit ditelaah mengikuti perubahan Lending limits are reviewed following market changing
pada kondisi pasar dan ekonomi, telaahan kredit secara and economic conditions, periodic credit reviews, and
periodik, dan penilaian atas kemungkinan wanprestasi. assessments of probability of default.
Beberapa pengendalian spesifik lainnya dan pengukuran Some other specific control and mitigation measures
mitigasi dijelaskan di bawah ini: are outlined belows:
Agunan Collateral
Bank CIMB Niaga menerapkan kebijakan untuk Bank CIMB Niaga employs policy to mitigate credit
memitigasi risiko kredit, antara lain dengan meminta risk, by asking collateral to secure the repayment of
agunan sebagai jaminan pelunasan kredit jika jaminan loans if the main source of debtor’s payment is based
berupa sumber pembayaran utama debitur berdasarkan on its cash flow were not fulfilled. Collateral types that
arus kas tidak terpenuhi. Jenis agunan yang dapat can be used for working capital and investment loans
diterima untuk kredit modal kerja dan investasi dalam to mitigate the risk are such as:
rangka memitigasi risiko kredit antara lain adalah:
• Kas (termasuk simpanan dari nasabah); • Cash (including deposits from customers);
• Tanah dan/atau bangunan; • Land and/or building;
• Standby LC/Bank Garansi yang diterima Bank CIMB • Standby LC/Bank Guarantee received by Bank
Niaga; CIMB Niaga;
• Mesin; • Machinery;
• Kendaraan bermotor; • Vehicle;
• Piutang dagang; • Trade receivables;
• Bahan baku / barang dagangan (persediaan); dan • Inventory; and
• Saham atau surat berharga lainnya. • Stock or other marketable securities.
Pemberian pembiayaan dan kredit jangka panjang Longer term financing and lending to corporate entities
kepada entitas korporasi (modal kerja dan investasi) pada (working capital and investment) are generally
umumnya disertai agunan. Untuk meminimalisasi secured. In addition, in order to minimise the credit
kerugian kredit, Bank CIMB Niaga akan meminta loss, Bank CIMB Niaga will ask additional collateral
tambahan agunan dari debitur ketika terdapat indikasi from the counterparty as soon as impairment indicators
penurunan nilai atas kredit yang diberikan. are identified for the relevant individual loans.
Halaman – 5/227 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 851
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Agunan (lanjutan) Collateral (continued)
Agunan yang dimiliki sebagai jaminan atas aset keuangan Collateral held as security for financial assets other
selain untuk kredit yang diberikan ditentukan berdasarkan than loans depend on the nature of the instrument.
sifat dari instrumennya. Efek utang, treasuri, dan tagihan Debt securities, treasury, and other customer’s eligible
kepada nasabah bank yang memenuhi syarat lainnya bills are generally unsecured, except for asset-backed
pada umumnya tanpa agunan, kecuali untuk asset- securities and similar instruments, which are secured
backed securities dan instrumen sejenis, yang dijaminkan by portfolios of financial instruments. Particularly for
dengan portofolio instrumen keuangan. Khususnya untuk corporate customers, the required collateral can be in
nasabah korporasi, jaminan yang disyaratkan antara lain form of margin collateral.
dapat berupa margin collateral.
Jaminan untuk kredit konsumsi adalah aset yang dibiayai Collateral for consumer loan is financed assets
yaitu tanah dan/atau bangunan atau kendaraan consisted of land and/or building or vehicle. Generally,
bermotor. Secara umum, Bank CIMB Niaga Bank CIMB Niaga is requiring 125% of collateral ratio
mengharuskan rasio agunan terhadap kredit yang to total loans at inceptions.
diberikan sebesar 125% pada awal kredit.
Batas pemberian (untuk derivatif) Lending limits (for derivative)
Bank CIMB Niaga menetapkan batas pengendalian yang Bank CIMB Niaga maintains strict control limits on net
ketat atas posisi derivatif bersih (yang merupakan selisih open derivative positions (that is, the difference
antara kontrak pembelian dan penjualan) baik dalam hal between purchase and sale contracts) in term of
jumlah maupun jangka waktu. Jumlah risiko kredit amount and term. The amount of credit risk is limited
terbatas pada arus kas masuk bersih masa depan atas to expected future net cash inflows of instruments,
instrumen, dimana untuk derivatif hanyalah fraksi dari which in relation to derivatives are only a fraction of the
kontrak, atau nilai nosional yang menyatakan volume contract, or notional values used to express the volume
instrumen tersebut. Eksposur risiko kredit dan potensi of instruments outstanding. This credit risk exposure is
eksposur dari pergerakan pasar dikelola sebagai bagian managed as part of the overall lending limits with
dari keseluruhan batas pemberian kredit kepada customers, together with potential exposures from
nasabah. Agunan dan jaminan lainnya tidak harus selalu market movements. Collateral or other security is not
didapatkan untuk eksposur instrumen risiko kredit, kecuali always obtained for credit risk exposures on these
jika Bank CIMB Niaga mensyaratkan marjin deposito dari instruments, except where Bank CIMB Niaga requires
pihak rekanan. margin deposits from counterparties.
Risiko settlement timbul jika pembayaran dalam bentuk Settlement risk arises in any situation where a
uang tunai, efek atau saham dilakukan dengan harapan payment in cash, securities or equities is made with an
akan dapat menerima hak yang setara dengan kas atau expectation of receiving an equivalent cash or
efek. Batas penyelesaian harian ditetapkan untuk setiap securities. Daily settlement limits are established for
debitur untuk menutupi jumlah agregat penyelesaian each counterparty to cover the aggregate of all
risiko yang berasal dari transaksi pasar harian Bank CIMB settlement risk arising from Bank CIMB Niaga’s market
Niaga. transactions on any single day.
Halaman – 5/228 – Page
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Page 852
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(ii) Pengendalian batas risiko dan kebijakan mitigasi (ii) Risk limit control and mitigation policy (continued)
(lanjutan)
Kesepakatan induk untuk menyelesaikan secara neto Master netting arrangements
Salah satu cara Bank CIMB Niaga membatasi eksposur One of Bank CIMB Niaga’s approach to restrict its
kerugian kredit adalah dengan melakukan kesepakatan exposure to credit losses is by entering into master
induk untuk menyelesaikan secara neto (master netting netting arrangements with counterparties with which it
arrangements) dengan pihak counterparty yang memiliki undertakes a significant volume of transactions.
volume transaksi yang signifikan. Secara umum, Master netting arrangements do not generally result in
kesepakatan induk untuk menyelesaikan secara neto an off-set of assets and liabilities of the consolidated
tidak selalu mengarah pada saling hapus aset dan statements of financial position, as the transactions are
liabilitas dalam laporan posisi keuangan konsolidasian, either usually settled on a gross basis or under mostly
karena transaksi-transaksi tersebut biasanya netting agreements, the right of set off is triggered only
diselesaikan secara bruto atau pada sebagian besar on default. However the credit risk associated with
kesepakatan induk untuk menyelesaikan secara neto favourable contracts is reduced by a master netting
saling hapus hanya terjadi dalam hal wanprestasi. Namun arrangement to the extent that if a default occurs, all
risiko kredit atas suatu kontrak akan terminimalisasi amounts with the counterparty are terminated and
dengan kesepakatan induk untuk menyelesaikan secara settled on a net basis. Bank CIMB Niaga’s overall
neto apabila terjadi wanprestasi, dimana seluruh saldo exposure to credit risk on derivative instruments
dengan pihak counterparty akan dihapus dan subject to master netting arrangements can change
diselesaikan secara neto. Eksposur risiko kredit Bank substantially within a short period, as it is affected by
CIMB Niaga secara keseluruhan atas instrumen derivatif each transaction subject to the arrangement.
yang terkait dengan kesepakatan induk untuk
menyelesaikan secara neto dapat berubah secara
substansial dalam periode yang singkat sesuai dengan
transaksi yang mempengaruhi kesepakatan tersebut.
Batasan-batasan keuangan (komitmen yang terkait Financial terms (for commitments related credit and
dengan kredit dan loan book) loan book)
Tujuan utama instrumen ini adalah untuk memastikan The primary purpose of these instruments is to ensure
adanya ketersediaan dana untuk nasabah ketika that funds are available to a customer as needed. Bank
dibutuhkan. Bank garansi dan standby letter of credit guarantees and standby letters of credit almost carry
memiliki risiko kredit yang hampir sama dengan kredit the same credit risk as loans. Documentary and
yang diberikan. Dokumentasi dan commercial letters of commercial letters of credit which are written by Bank
credit yang dibuat oleh Bank CIMB Niaga atas nama CIMB Niaga on behalf of a customer, authorizing
nasabah memberikan otorisasi kepada pihak ketiga untuk a third party to draw drafts up to a stipulated amount
mencairkan drafts tersebut sampai jumlah yang telah under specific terms and conditions are collateralised
ditetapkan dengan syarat dan ketentuan tertentu by the underlying shipments of goods to which they
dijaminkan pada pengiriman barang terkait sehingga relate and therefore carrying less risk than a direct
instrumen ini memiliki risiko yang lebih rendah loan.
dibandingkan dengan kredit yang diberikan secara
langsung.
Bank CIMB Niaga memonitor jangka waktu jatuh tempo Bank CIMB Niaga monitors the term to maturity of
komitmen kredit oleh karena komitmen dengan jangka credit commitments because longer term commitments
waktu yang lebih lama pada umumnya memiliki risiko generally have a greater degree of credit risk than
kredit yang lebih besar dibandingkan dengan komitmen shorter term commitments.
yang memiliki jangka waktu yang lebih pendek.
Halaman – 5/229 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 853
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iii) Penurunan nilai dan kebijakan pencadangan (iii) Impairment and provisioning policy
Kebijakan terkait penurunan nilai dan pencadangan dapat Policy regarding impairment and provisioning can be
dilihat pada Catatan 2h. referred to Note 2h.
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
enhancements
Eksposur risiko kredit terhadap aset pada laporan posisi Credit risk exposures relating to consolidated
keuangan konsolidasian - neto sesudah cadangan statements of financial position’s assets - net of
kerugian penurunan nilai pada tanggal 31 Desember allowance of possible losses as at 31 December 2023,
2023, 2022, dan 2021 adalah: 2022, and 2021 were as follows:
2023 2022 2021
Giro pada Bank Indonesia 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain 2,703,266 2,748,458 2,822,988 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 4,532,988 14,869,794 30,345,785 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 1,401,241 103,188 310,957 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 6,947,161 4,248,573 8,297,819 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,015,531 1,457,904 1,567,146 Amortised cost
Obligasi Pemerintah Government Bonds
Nilai wajar melalui laba rugi 16,418,263 8,434,871 5,515,858 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,086,130 30,441,303 37,843,419 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,092,114 20,322,852 17,161,487 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 510,307 1,589,656 resale agreement
Tagihan derivatif 849,014 969,308 909,081 Derivative receivables
Kredit yang diberikan Loans
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 84,189,293 73,183,238 75,481,988 Working capital
Investasi 46,418,146 43,984,450 35,576,491 Investment
Konsumsi 70,714,948 66,245,941 57,419,307 Consumer
201,322,387 183,413,629 168,477,786
Tagihan akseptasi 1,093,453 2,086,763 2,564,041 Acceptance receivables
Penyertaan 3,659 3,659 3,659 Investments
Pendapatan bunga yang masih akan diterima 3,414,197 2,923,768 2,946,425 Accrued interest income
Aset lain-lain 1,834,271 4,787,789 1,932,099 Other assets
314,053,316 286,307,423 291,579,250
Halaman – 5/230 – Page
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Page 854
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Eksposur risiko kredit terhadap rekening administratif Credit risk exposures relating to off-balance sheet
pada tanggal 31 Desember 2023, 2022, dan 2021 items as at 31 December 2023, 2022, and 2021 were
adalah: as follows:
2023 2022 2021
Fasilitas kredit kepada nasabah yang Unused loan facilities granted
belum ditarik - committed - committed
Modal kerja 6,294,563 6,693,362 8,337,606 Working capital
Investasi 6,080,758 4,704,001 3,563,450 Investment
Konsumsi 5,729 12,720 35,948 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,625,442 1,309,897 2,285,518 letters of credit
Garansi yang diterbitkan 5,364,148 4,832,874 4,416,040 Guarantees issued
19,370,640 17,552,854 18,638,562
Tabel di atas menggambarkan eksposur maksimum atas The table above represents maximum of credit risk
risiko kredit bagi Bank CIMB Niaga pada tanggal exposure to Bank CIMB Niaga as at 31 December
31 Desember 2023, 2022, dan 2021, tanpa 2023, 2022, and 2021, without taking into account of
memperhitungkan agunan atau pendukung kredit lainnya. any collateral held or other credit enhancements
Untuk aset neraca, eksposur di atas ditentukan attached. For balance sheet assets, the exposures set
berdasarkan nilai tercatat bersih seperti yang out above are based on net carrying amounts as
diungkapkan pada laporan posisi keuangan reported in the consolidated statements of financial
konsolidasian. position.
Seperti yang telah dijelaskan di atas, pada tanggal As shown above, as at 31 December 2023, 61.85%
31 Desember 2023, 61,85% (2022: 62,03%; 2021: (2022: 62.03%; 2021: 56.28%) of the total maximum
56,28%) dari jumlah eksposur maksimum berasal dari exposure was derived from loans.
kredit yang diberikan.
Manajemen yakin akan kemampuan Bank CIMB Niaga Management is confident in its ability to continue to
untuk terus mengendalikan dan mempertahankan control and sustain minimal exposure of credit risk to
eksposur risiko kredit yang minimal terhadap risiko kredit Bank CIMB Niaga resulting from its loan based on the
Bank CIMB Niaga yang timbul dari kredit yang diberikan following:
berdasarkan hal-hal berikut:
• Bank CIMB Niaga telah memiliki pedoman tertulis • Bank CIMB Niaga has a documented credit policy
mengenai kebijakan dan proses kredit yang and procedures that covers all aspects of Bank
mencakup seluruh aspek pemberian kredit yang CIMB Niaga’s lending activities. Loan transactions
dilakukan. Setiap pemberian kredit harus senantiasa must adhere to the requirements of Bank CIMB
mengacu pada kebijakan tersebut; Niaga’s policy;
• Bank CIMB Niaga telah memiliki sistem deteksi dini • Bank CIMB Niaga has early problem detection
permasalahan melalui ”early warning system” dan system through “early warning system” and
pemantauan yang disiplin; disciplined monitoring;
• Seluruh kredit diberikan dengan agunan kecuali untuk • All loans are secured by collateral, except for
jenis kredit tertentu seperti kartu kredit, personal loan, certain loans such as credit card, personal loan,
dan fasilitas antar bank. and interbank loans.
Halaman – 5/231 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 855
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Pada tanggal 31 Desember 2023, 94,71% (2022: As at 31 December 2023, 94.71% (2022: 92.74%;
92,74%; 2021: 93,19%) dari portofolio kredit yang 2021: 93.19%) of the loans was classified as
diberikan dikategorikan sebagai tidak mengalami unimpaired.
penurunan nilai.
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit exposure
a) Sektor geografis a) Geographical sectors
Tabel berikut menggambarkan rincian eksposur kredit The following tables describe Bank CIMB Niaga
Bank CIMB Niaga dan Entitas Anak pada nilai tercatat and Subsidiaries credit exposure at their carrying
(tanpa memperhitungkan agunan atau pendukung amounts (without taking into account of any
kredit lainnya), yang dikategorikan berdasarkan area collateral held or other credit enhancements), as of
geografis pada tanggal 31 Desember 2023, 2022 dan 31 December 2023, 2022, and 2021. For these
2021. Untuk tabel ini, Bank CIMB Niaga dan Entitas tables, Bank CIMB Niaga and Subsidiaries has
Anak telah mengalokasikan eksposur area allocated exposures to regions based on the
berdasarkan wilayah geografis tempat mereka geographical area which activities are undertaken.
beroperasi.
2023
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 13,180,254 - - - - - - 13,180,254 Bank Indonesia
Giro pada bank lain 1,628,223 - - - - - 1,075,043 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 4,541,702 - - - - - - 4,541,702 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 1,401,241 - - - - - - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 6,947,161 - - - - - - 6,947,161 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,049,407 658 3,841 785 - - - 1,054,691 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - - - - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,086,130 - - - - - - 36,086,130 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,092,114 - - - - - - 18,092,114 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - - - - - - 5,159,387 resale agreements
Tagihan derivatif 849,014 - - - - - - 849,014 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 59,657,826 5,975,907 4,992,544 8,012,274 4,144,481 7,625,551 - 90,408,583 Working capital
Investasi 45,794,455 426,384 378,566 901,335 846,841 1,647,540 - 49,995,121 Investment
Konsumsi 47,870,304 4,014,901 1,865,983 4,643,322 1,802,765 5,315,571 7,453,320 72,966,166 Consumer
Tagihan akseptasi 1,023,594 43,914 13,972 16,859 - 3,752 - 1,102,091 Acceptance receivables
Penyertaan 4,214 - - - - - - 4,214 Investments
Pendapatan bunga yang masih
akan diterima 3,042,226 76,595 41,157 156,077 31,570 66,430 142 3,414,197 Accrued interest income
Aset lain-lain 2,151,622 - - - - - 112,148 2,263,770 Other assets
264,897,137 10,538,359 7,296,063 13,730,652 6,825,657 14,658,844 8,640,653 326,587,365
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/232 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 856
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Tabel berikut menggambarkan rincian eksposur kredit The following tables describe Bank CIMB Niaga
Bank CIMB Niaga dan Entitas Anak pada nilai tercatat and Subsidiaries credit exposure at their carrying
(tanpa memperhitungkan agunan atau pendukung amounts (without taking into account of any
kredit lainnya), yang dikategorikan berdasarkan area collateral held or other credit enhancements), as
geografis pada tanggal 31 Desember 2023, 2022 dan 31 December 2023, 2022, and 2021. For these
2021. Untuk tabel ini, Bank CIMB Niaga dan Entitas tables, Bank CIMB Niaga and Subsidiaries has
Anak telah mengalokasikan eksposur area allocated exposures to regions based on the
berdasarkan wilayah geografis tempat mereka geographical area which activities are undertaken.
beroperasi. (lanjutan) (continued)
2022
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 8,985,257 - - - - - - 8,985,257 Bank Indonesia
Giro pada bank lain 2,362,717 - - - - - 385,741 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 14,878,602 - - - - - - 14,878,602 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 103,188 - - - - - - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 4,248,573 - - - - - - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,473,579 487 2,266 - - - - 1,476,332 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - - - - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 30,441,303 - - - - - - 30,441,303 Fair value through other comprehensive income
Biaya perolehan diamortisasi 20,322,852 - - - - - - 20,322,852 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - - - - - 510,307 resale agreements
Tagihan derivatif 969,308 - - - - - - 969,308 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 51,890,565 5,171,825 5,989,647 7,239,037 4,097,633 6,623,647 - 81,012,354 Working capital
Investasi 43,009,562 357,221 378,260 822,718 802,681 1,519,735 - 46,890,177 Investment
Konsumsi 45,899,321 3,894,173 1,868,448 4,377,343 1,831,417 4,918,957 5,918,824 68,708,483 Consumer
Tagihan akseptasi 1,630,658 324,520 49,196 68,873 - 33,349 - 2,106,596 Acceptance receivables
Penyertaan 4,214 - - - - - - 4,214 Investments
Pendapatan bunga yang masih
akan diterima 2,459,600 88,419 59,727 192,502 47,855 75,665 - 2,923,768 Accrued interest income
Aset lain-lain 5,107,964 - - - - - 109,324 5,217,288 Other assets
242,732,441 9,836,645 8,347,544 12,700,473 6,779,586 13,171,353 6,413,889 299,981,931
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/233 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 857
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Tabel berikut menggambarkan rincian eksposur kredit The following tables describe Bank CIMB Niaga
Bank CIMB Niaga dan Entitas Anak pada nilai tercatat and Subsidiaries credit exposure at their carrying
(tanpa memperhitungkan agunan atau pendukung amounts (without taking into account of any
kredit lainnya), yang dikategorikan berdasarkan area collateral held or other credit enhancements), as
geografis pada tanggal 31 Desember 2023, 2022 dan 31 December 2023, 2022, and 2021. For these
2021. Untuk tabel ini, Bank CIMB Niaga dan Entitas tables, Bank CIMB Niaga and Subsidiaries has
Anak telah mengalokasikan eksposur area allocated exposures to regions based on the
berdasarkan wilayah geografis tempat mereka geographical area which activities are undertaken.
beroperasi. (lanjutan) (continued)
2021
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Giro pada Current accounts with
Bank Indonesia 9,291,044 - - - - - - 9,291,044 Bank Indonesia
Giro pada bank lain 2,549,104 - - - - - 273,884 2,822,988 Current accounts with other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 30,353,917 - - - - - - 30,353,917 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 310,957 - - - - - - 310,957 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 8,297,819 - - - - - - 8,297,819 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,581,979 412 817 - - - - 1,583,208 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 5,515,858 - - - - - - 5,515,858 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 37,843,419 - - - - - - 37,843,419 Fair value through other comprehensive income
Biaya perolehan diamortisasi 17,161,487 - - - - - - 17,161,487 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,589,656 - - - - - - 1,589,656 resale agreements
Tagihan derivatif 909,081 - - - - - - 909,081 Derivative receivables
Kredit yang diberikan, Loans,
piutang pembiayaan konsumen, dan consumer financing receivables,and
piutang sewa pembiayaan and financing lease receivables
Modal kerja 59,290,668 4,600,622 5,543,880 4,747,362 2,257,094 6,094,053 - 82,533,679 Working capital
Investasi 35,906,921 411,743 547,307 677,395 545,708 1,128,187 - 39,217,261 Investment
Konsumsi 39,029,634 3,686,746 2,925,058 3,568,817 1,828,704 4,367,963 4,455,558 59,862,480 Consumer
Tagihan akseptasi 2,141,318 302,959 105,724 25,082 - 28,524 - 2,603,607 Acceptance receivables
Penyertaan 4,214 - - - - - - 4,214 Investments
Pendapatan bunga yang masih
akan diterima 2,334,052 107,144 118,514 229,569 63,515 93,631 - 2,946,425 Accrued interest income
Aset lain-lain 2,254,537 - - - - - 107,061 2,361,598 Other assets
256,365,665 9,109,626 9,241,300 9,248,225 4,695,021 11,712,358 4,836,503 305,208,698
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,629,448) impairment losses
291,579,250
Halaman – 5/234 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 858
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
a) Sektor geografis (lanjutan) a) Geographical sectors (continued)
Eksposur risiko kredit atas rekening administratif Credit risk exposure relating to off-balance sheet
adalah: items are as follows:
2023
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 6,170,630 - 115,000 8,933 - - - 6,294,563 Working capital
Investasi 6,067,870 12,888 - - - - - 6,080,758 Investment
Konsumsi 245 4,773 - 38 - 673 - 5,729 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 984,319 89,686 320,986 224,304 - 6,147 - 1,625,442 letters of credit
Garansi yang diterbitkan 2,924,325 1,139,806 141,824 279,503 165,552 713,138 - 5,364,148 Guarantees issued
16,147,389 1,247,153 577,810 512,778 165,552 719,958 - 19,370,640
2022
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 6,621,488 - - 70,879 - 995 - 6,693,362 Working capital
Investasi 4,685,444 18,557 - - - - - 4,704,001 Investment
Konsumsi 7,941 4,773 - 6 - - - 12,720 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 953,299 94,294 155,573 77,070 - 29,661 - 1,309,897 letters of credit
Garansi yang diterbitkan 2,494,332 1,094,820 138,555 264,927 217,315 622,925 - 4,832,874 Guarantees issued
14,762,504 1,212,444 294,128 412,882 217,315 653,581 - 17,552,854
2021
Indonesia
Timur/ Anak
Jakarta/ Jawa Barat/ Jawa Tengah/ Jawa Timur/ East Sumatera/ Perusahaan/ Jumlah/
Jakarta West Java Central Java East Java Indonesia Sumatera Subsidiaries Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja 8,317,674 - - 19,930 2 - - 8,337,606 Working capital
Investasi 3,521,977 41,473 - - - - - 3,563,450 Investment
Konsumsi 8,317 585 3,178 6,897 1,181 15,790 - 35,948 Consumer
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,759,416 72,374 272,706 129,562 - 51,460 - 2,285,518 letters of credit
Garansi yang diterbitkan 2,820,893 525,438 129,196 173,555 100,005 666,953 - 4,416,040 Guarantees issued
16,428,277 639,870 405,080 329,944 101,188 734,203 - 18,638,562
Halaman – 5/235 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 859
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa memperhitungkan (iv) Maximum exposure to credit risk without taking into
agunan dan pendukung kredit lainnya (lanjutan) account of any collateral held and other credit
enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
b) Sektor industri b) Industry sectors
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2023, 2022, dan 2021: 31 December 2023, 2022, and 2021:
2023
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 13,180,254 - - - - 13,180,254 Bank Indonesia
Giro pada bank lain - 2,703,266 - - - 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia - 4,541,702 - - - 4,541,702 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi 57,262 130,262 517,797 695,920 - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 224,570 650,322 4,057,886 2,014,383 - 6,947,161 Fair value through other comprehensive income
Biaya perolehan diamortisasi - - 24,186 1,030,505 - 1,054,691 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 36,086,130 - - - - 36,086,130 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,092,114 - - - - 18,092,114 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 4,474,159 685,228 - - - 5,159,387 resale agreement
Tagihan derivatif - 298,442 40,710 357,486 152,376 849,014 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja 13,188 1,942,096 6,551,065 71,401,088 10,501,146 90,408,583 Working capital
Investasi - 814,117 1,427,881 46,949,529 803,594 49,995,121 Investment
Konsumsi - 310 2,972 26,235 72,936,649 72,966,166 Consumer
Tagihan akseptasi - 887,545 - 214,546 - 1,102,091 Acceptance receivables
Penyertaan - 1,000 3,214 - - 4,214 Investments
Pendapatan bunga yang masih akan diterima 1,299,963 87,371 22,298 1,521,113 483,452 3,414,197 Accrued interest income
Aset lain-lain - - - 2,263,770 - 2,263,770 Other assets
89,845,903 12,741,661 12,648,009 126,474,575 84,877,217 326,587,365
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/236 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 860
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit
kredit (lanjutan) risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2023, 2022, dan 2021: (lanjutan) 31 December 2023, 2022, and 2021: (continued)
2022
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 8,985,257 - - - - 8,985,257 Bank Indonesia
Giro pada bank lain - 2,748,458 - - - 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 14,502,467 376,135 - - - 14,878,602 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi - - 69,578 33,610 - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain - 593,287 2,711,243 944,043 - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi - 169,978 48,500 1,257,854 - 1,476,332 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 30,441,303 - - - - 30,441,303 Fair value through other comprehensive income
Biaya perolehan diamortisasi 20,322,852 - - - - 20,322,852 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - - - 510,307 resale agreement
Tagihan derivatif 136,870 228,091 30,164 456,187 117,996 969,308 Derivative receivables
Kredit yang diberikan, Loans,
dan piutang pembiayaan konsumen and consumer financing receivables
Modal kerja - 1,755,496 4,542,405 64,637,057 10,077,396 81,012,354 Working capital
Investasi - 304,416 1,173,262 44,698,875 713,624 46,890,177 Investment
Konsumsi - - - 250,240 68,458,243 68,708,483 Consumer
Tagihan akseptasi - - - 2,106,596 - 2,106,596 Acceptance receivables
Penyertaan - 1,000 3,214 - - 4,214 Investments
Pendapatan bunga yang masih akan diterima 860,983 54,163 20,434 1,476,447 511,741 2,923,768 Accrued interest income
Aset lain-lain - - - 5,217,288 - 5,217,288 Other assets
84,194,910 6,231,024 8,598,800 121,078,197 79,879,000 299,981,931
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/237 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 861
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit
kredit (lanjutan) risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Tabel berikut ini menggambarkan rincian eksposur The following tables describes Bank CIMB Niaga
kredit Bank CIMB Niaga dan Entitas Anak pada nilai and Subsidiaries credit exposure at carrying
tercatat (tanpa memperhitungkan agunan atau amounts (without taking into account of any
pendukung kredit lainnya) yang dikategorikan collateral held or other credit enhancements) as
berdasarkan sektor industri pada tanggal categorised by the industry sectors as at
31 Desember 2023, 2022, dan 2021: (lanjutan) 31 December 2023, 2022, and 2021: (continued)
2021
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Giro pada Current account with
Bank Indonesia 9,291,044 - - - - 9,291,044 Bank Indonesia
Giro pada bank lain - 2,822,988 - - - 2,822,988 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 29,584,452 769,465 - - - 30,353,917 and Bank Indonesia
Efek-efek Marketable securities
Nilai wajar melalui laba rugi - 25,157 155,544 130,256 - 310,957 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 665,839 1,112,006 3,630,953 2,889,021 - 8,297,819 Fair value through other comprehensive income
Biaya perolehan diamortisasi - 229,189 48,830 1,305,189 - 1,583,208 Amortised cost
Obligasi Pemerintah Government bonds
Nilai wajar melalui laba rugi 5,515,858 - - - - 5,515,858 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 37,843,419 - - - - 37,843,419 Fair value through other comprehensive income
Biaya perolehan diamortisasi 17,161,487 - - - - 17,161,487 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,589,656 - - - - 1,589,656 resale agreement
Tagihan derivatif - 215,533 136,989 203,335 353,224 909,081 Derivative receivables
Kredit yang diberikan, Loans,
piutang pembiayaan konsumen, dan consumer financing receivables,and
piutang sewa pembiayaan and financing lease receivables
Modal kerja - 1,826,214 3,502,642 68,053,144 9,151,679 82,533,679 Working capital
Investasi - 341,716 1,232,811 35,142,765 2,499,969 39,217,261 Investment
Konsumsi - - - 3,820,736 56,041,744 59,862,480 Consumer
Tagihan akseptasi - - - 2,598,805 4,802 2,603,607 Acceptance receivables
Penyertaan - 1,000 3,214 - - 4,214 Investments
Pendapatan bunga yang masih akan diterima 822,481 89,000 16,926 1,397,159 620,859 2,946,425 Accrued interest income
Aset lain-lain - - - 2,361,598 - 2,361,598 Other assets
102,474,236 7,432,268 8,727,909 117,902,008 68,672,277 305,208,698
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,629,448) impairment losses
291,579,250
Halaman – 5/238 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 862
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
Eksposur risiko kredit yang terkait dengan unsur Credit risk exposure relating to the administrative
rekening administratif pada tanggal 31 Desember accounts items as at 31 December 2023, 2022 and
2023, 2022, dan 2021. 2021
2023
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - - 332,463 5,962,100 - 6,294,563 Working capital
Investasi - - 524,707 5,556,051 - 6,080,758 Investment
Konsumsi - - - - 5,729 5,729 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 1,625,442 - 1,625,442 letters of credit
Garansi yang diterbitkan - - - 5,364,148 - 5,364,148 Guarantees issued
- - 857,170 18,507,741 5,729 19,370,640
2022
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - - - 6,691,185 2,177 6,693,362 Working capital
Investasi - - 500,000 4,204,001 - 4,704,001 Investment
Konsumsi - - - - 12,720 12,720 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 1,309,897 - 1,309,897 letters of credit
Garansi yang diterbitkan - - - 4,832,874 - 4,832,874 Guarantees issued
- - 500,000 17,037,957 14,897 17,552,854
2021
Lembaga
keuangan
bukan Bank/ Perusahaan
Financial lainnya/
Pemerintah/ Bank/ institution Others Perseorangan/ Jumlah/
Government Bank non Banks company Individual Total
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed - committed
Modal kerja - - 698,326 7,639,278 2 8,337,606 Working capital
Investasi - - - 3,563,450 - 3,563,450 Investment
Konsumsi - - - 2,579 33,369 35,948 Consumer
Irrevocable letters of credit Outstanding irrecovable
yang masih berjalan - - - 2,285,518 - 2,285,518 letters of credit
Garansi yang diterbitkan - - - 4,416,040 - 4,416,040 Guarantees issued
- - 698,326 17,906,865 33,371 18,638,562
Halaman – 5/239 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 863
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan c) Credit quality of financial assets
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: divided as follows:
2023
Tahap / Tahap / Tahap / Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 11,500,655 - - 11,500,655 Bank Indonesia
Giro pada bank lain 2,703,266 - - 2,703,266 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 2,682,182 - 8,711 2,690,893 and Bank Indonesia
Efek-efek 9,322,315 - 49,984 9,372,299 Marketable securities
Nilai wajar melalui laba rugi 1,401,241 - - 1,401,241 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 6,916,367 - - 6,916,367 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,004,707 - 49,984 1,054,691 Amortised cost
Obligasi Pemerintah 65,702,041 - - 65,702,041 Government bonds
Nilai wajar melalui laba rugi 16,418,263 - - 16,418,263 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 34,435,687 - - 34,435,687 Fair value through other comprehensive income
Biaya perolehan diamortisasi 14,848,091 - - 14,848,091 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - - 5,159,387 resale agreements
Tagihan derivatif 849,014 - - 849,014 Derivative receivables
Kredit yang diberikan 127,017,010 13,912,628 9,745,621 150,675,259 Loans
Modal kerja 67,243,156 7,540,310 6,131,823 80,915,289 Working capital
Investasi 27,101,900 3,949,718 2,889,126 33,940,744 Investment
Konsumsi 32,671,954 2,422,600 724,672 35,819,226 Consumer
Piutang pembiayaan konsumen 2,936,549 67,134 48,991 3,052,674 Consumer financing receivables
Tagihan akseptasi 1,012,049 52,770 9,842 1,074,661 Acceptance receivables
Penyertaan 3,489 200 525 4,214 Investments
Pendapatan bunga yang masih
akan diterima 1,643,945 1,279,526 - 2,923,471 Accrued interest income
Aset lain-lain 1,819,052 - 429,499 2,248,551 Other assets
232,350,954 15,312,258 10,293,173 257,956,385
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,168,487) (1,310,123) (8,404,021) (10,882,631) impairment losses
Jumlah 231,182,467 14,002,135 1,889,152 247,073,754 Total
Halaman – 5/240 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 864
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2023
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Current accounts with
Giro pada Bank Indonesia 1,679,599 - - 1,679,599 Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 1,850,809 - - 1,850,809 and Bank Indonesia
Efek-efek 30,794 - - 30,794 Marketable securities
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 30,794 - - 30,794 Fair value through other comprehensive income
Biaya perolehan diamortisasi - - - - Amortised cost
Obligasi Pemerintah 4,894,466 - - 4,894,466 Government bonds
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 1,650,443 - - 1,650,443 Fair value through other comprehensive income
Biaya perolehan diamortisasi 3,244,023 - - 3,244,023 Amortised cost
Kredit yang diberikan 54,102,247 60 1,138,984 55,241,291 Loans
Modal kerja 9,481,958 60 11,276 9,493,294 Working capital
Investasi 15,460,868 - 593,509 16,054,377 Investment
Konsumsi 29,159,421 - 534,199 29,693,620 Consumer
Piutang pembiayaan konsumen 4,400,646 - - 4,400,646 Consumer financing receivables
Tagihan akseptasi 27,430 - - 27,430 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 490,726 - - 490,726 Accrued interest income
Aset lain-lain 15,219 - - 15,219 Other assets
67,491,936 60 1,138,984 68,630,980
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,651,418) impairment losses
Jumlah - bersih 66,979,562 Total - net
Total 326,587,365 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (12,534,049) impairment losses
314,053,316
Halaman – 5/241 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 865
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2022
Tahap / Tahap / Tahap / Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 6,705,370 - - 6,705,370 Bank Indonesia
Giro pada bank lain 2,748,458 - - 2,748,458 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 8,868,211 - 8,808 8,877,019 and Bank Indonesia
Efek-efek 34,968 5,678,125 15,000 5,728,093 Marketable securities
Nilai wajar melalui laba rugi 103,188 - - 103,188 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 4,248,573 - - 4,248,573 Fair value through other comprehensive income
Biaya perolehan diamortisasi (4,316,793) 5,678,125 15,000 1,376,332 Amortised cost
Obligasi Pemerintah 53,571,766 - - 53,571,766 Government bonds
Nilai wajar melalui laba rugi 8,434,871 - - 8,434,871 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 27,069,785 - - 27,069,785 Fair value through other comprehensive income
Biaya perolehan diamortisasi 18,067,110 - - 18,067,110 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - - 510,307 resale agreements
Tagihan derivatif 969,308 - - 969,308 Derivative receivables
Kredit yang diberikan 114,985,239 15,367,890 13,144,279 143,497,408 Loans
Modal kerja 54,898,749 9,589,542 8,928,034 73,416,325 Working capital
Investasi 25,367,546 3,383,845 3,187,182 31,938,573 Investment
Konsumsi 34,718,944 2,394,503 1,029,063 38,142,510 Consumer
Piutang pembiayaan konsumen 2,415,951 66,736 49,283 2,531,970 Consumer financing receivables
Tagihan akseptasi 1,602,394 356,056 9,573 1,968,023 Acceptance receivables
Penyertaan 3,489 200 525 4,214 Investments
Pendapatan bunga yang masih
akan diterima 915,537 1,553,108 - 2,468,645 Accrued interest income
Aset lain-lain 2,594,575 - 429,499 3,024,074 Other assets
195,925,573 23,022,115 13,656,967 232,604,655
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,041,969) (1,361,854) (10,021,361) (12,425,184) impairment losses
Jumlah 194,883,604 21,660,261 3,635,606 220,179,471 Total
Halaman – 5/242 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 866
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets are
atas: (lanjutan) divided as follows: (continued)
2022
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Current accounts with
Giro pada Bank Indonesia 2,279,887 - - 2,279,887 Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 6,001,583 - - 6,001,583 and Bank Indonesia
Efek-efek 100,000 - - 100,000 Marketable securities
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain - - - - Fair value through other comprehensive income
Biaya perolehan diamortisasi 100,000 - - 100,000 Amortised cost
Obligasi Pemerintah 5,627,260 - - 5,627,260 Government bonds
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 3,371,518 - - 3,371,518 Fair value through other comprehensive income
Biaya perolehan diamortisasi 2,255,742 - - 2,255,742 Amortised cost
Kredit yang diberikan 46,486,915 284 707,583 47,194,782 Loans
Modal kerja 7,565,973 284 29,772 7,596,029 Working capital
Investasi 14,771,463 - 180,141 14,951,604 Investment
Konsumsi 24,149,479 - 497,670 24,647,149 Consumer
Piutang pembiayaan konsumen 3,386,854 - - 3,386,854 Consumer financing receivables
Tagihan akseptasi 138,573 - - 138,573 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 455,123 - - 455,123 Accrued interest income
Aset lain-lain 2,193,214 - - 2,193,214 Other assets
66,669,409 284 707,583 67,377,276
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,249,324) impairment losses
Jumlah - bersih 66,127,952 Total - net
Total 299,981,931 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,674,508) impairment losses
286,307,423
Halaman – 5/243 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 867
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2021
Tahap / Tahap / Tahap / Jumlah/
Konvensional Stage 1 Stage 2 Stage 3 Total Conventional
Current accounts with
Giro pada Bank Indonesia 6,158,540 - - 6,158,540 Bank Indonesia
Giro pada bank lain 2,822,988 - - 2,822,988 Current accounts with other banks
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 21,320,023 - 8,064 21,328,087 and Bank Indonesia
Efek-efek 10,076,984 - 15,000 10,091,984 Marketable securities
Nilai wajar melalui laba rugi 310,957 - - 310,957 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 8,297,819 - - 8,297,819 Fair value through other comprehensive income
Biaya perolehan diamortisasi 1,468,208 - 15,000 1,483,208 Amortised cost
Obligasi Pemerintah 50,593,230 - - 50,593,230 Government bonds
Nilai wajar melalui laba rugi 5,515,858 - - 5,515,858 Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 33,817,798 - - 33,817,798 Fair value through other comprehensive income
Biaya perolehan diamortisasi 11,259,574 - - 11,259,574 Amortised cost
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,589,656 - - 1,589,656 resale agreements
Tagihan derivatif 909,081 - - 909,081 Derivative receivables
Kredit yang diberikan 101,414,728 27,296,366 11,479,159 140,190,253 Loans
Modal kerja 52,916,021 19,313,183 6,082,083 78,311,287 Working capital
Investasi 17,262,961 4,930,969 4,148,275 26,342,205 Investment
Konsumsi 31,235,746 3,052,214 1,248,801 35,536,761 Consumer
Piutang pembiayaan konsumen 2,030,990 67,164 38,584 2,136,738 Consumer financing receivables
Tagihan akseptasi 1,694,940 797,736 20,635 2,513,311 Acceptance receivables
Penyertaan 3,659 - 555 4,214 Investments
Pendapatan bunga yang masih
akan diterima 1,703,573 1,203,769 - 2,907,342 Accrued interest income
Aset lain-lain 1,833,816 - - 1,833,816 Other assets
202,152,208 29,365,035 11,561,997 243,079,240
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,286,720) (4,550,165) (7,149,913) (12,986,798) impairment losses
Jumlah 200,865,488 24,814,870 4,412,084 230,092,442 Total
Halaman – 5/244 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 868
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, As at 31 December 2023, 2022, and 2021, credit
eksposur risiko kredit atas aset keuangan terbagi risk exposure relating to financial assets were
atas: (lanjutan) divided as follows: (continued)
2021
Belum jatuh tempo
atau tidak Telah jatuh tempo
mengalami tetapi tidak
penurunan nilai/ mengalami
Neither past due penurunan nilai/ Mengalami
nor Past due but not penurunan nilai/ Jumlah/
impaired impaired Impaired Total
Syariah Sharia
Current accounts with
Giro pada Bank Indonesia 3,132,504 - - 3,132,504 Bank Indonesia
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 9,025,830 - - 9,025,830 and Bank Indonesia
Efek-efek 100,000 - - 100,000 Marketable securities
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain - - - - Fair value through other comprehensive income
Biaya perolehan diamortisasi 100,000 - - 100,000 Amortised cost
Obligasi Pemerintah 9,927,534 - - 9,927,534 Government bonds
Nilai wajar melalui laba rugi - - - - Fair value through profit or loss
Nilai wajar melalui penghasilan komprehensif lain 4,025,621 - - 4,025,621 Fair value through other comprehensive income
Biaya perolehan diamortisasi 5,901,913 - - 5,901,913 Amortised cost
Kredit yang diberikan 36,383,950 79 583,580 36,967,609 Loans
Modal kerja 4,212,171 79 10,142 4,222,392 Working capital
Investasi 12,621,523 - 253,533 12,875,056 Investment
Konsumsi 19,550,256 - 319,905 19,870,161 Consumer
Piutang pembiayaan konsumen 2,318,820 - - 2,318,820 Consumer financing receivables
Tagihan anjak piutang - Factoring receivable
Tagihan akseptasi 90,296 - - 90,296 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 39,083 - - 39,083 Accrued interest income
Aset lain-lain 527,782 - - 527,782 Other assets
61,545,799 79 583,580 62,129,458
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (642,650) impairment losses
Jumlah - bersih 61,486,808 Total - net
Total 305,208,698 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,629,448) impairment losses
291,579,250
Halaman – 5/245 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 869
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Analisis umur kredit yang diberikan yang Aging analysis of loans that are “past due but not
“telah jatuh tempo tetapi tidak mengalami impaired” as at 31 December 2023, 2022 and 2021
penurunan nilai” pada tanggal 31 Desember 2023, were set out belows:
2022, dan 2021 adalah:
2023
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 12,375 1,228 1,112,170 1,125,773 1 - 30 days
31 - 60 hari 126,872 8,970 688,131 823,973 31 - 60 days
61 - 90 hari 79,025 4,875 668,416 752,316 61 - 90 days
218,272 15,073 2,468,717 2,702,062
2022
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 6,782 4,908 1,103,949 1,115,639 1 - 30 days
31 - 60 hari 172,463 24,957 628,726 826,146 31 - 60 days
61 - 90 hari 212,311 9,261 630,149 851,721 61 - 90 days
391,556 39,126 2,362,824 2,793,506
2021
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 9,993 10,440 396,850 417,283 1 - 30 days
31 - 60 hari 36,379 14,304 148,320 199,003 31 - 60 days
61 - 90 hari 1,264 4,981 56,500 62,745 61 - 90 days
47,636 29,725 601,670 679,031
Halaman – 5/246 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 870
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2023, 2022, dan 2021, Credit quality of loans that are “neither past due nor
rincian kualitas kredit yang diberikan yang “belum impaired” as at 31 December 2023, 2022, and
jatuh tempo dan tidak mengalami penurunan nilai” 2021, can be assessed by reference to the
berdasarkan kolektibilitas sebagai berikut: collectability is as follows:
2023
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 83,362,146 903,338 84,265,484 Working capital
Investasi 46,339,611 172,875 46,512,486 Investment
Konsumsi 60,419,611 3,834,364 64,253,975 Consumer
190,121,368 4,910,577 195,031,945
2022
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 70,786,042 876,950 71,662,992 Working capital
Investasi 43,362,018 121,710 43,483,728 Investment
Konsumsi 55,127,210 3,772,892 58,900,102 Consumer
169,275,270 4,771,552 174,046,822
2021
Dalam
Lancar/ perhatian khusus/ Jumlah/
Pass Special mention Total
Modal kerja 72,301,287 4,092,531 76,393,818 Working capital
Investasi 34,677,528 108,200 34,785,728 Investment
Konsumsi 49,958,678 3,277,868 53,236,546 Consumer
156,937,493 7,478,599 164,416,092
Halaman – 5/247 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 871
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(iv) Eksposur maksimum risiko kredit tanpa (iv) Maximum exposure to credit risk without taking into
memperhitungkan agunan dan pendukung kredit lainnya account of any collateral held and other credit
(lanjutan) enhancements (continued)
Konsentrasi risiko aset keuangan dengan eksposur risiko Concentration of risks of financial assets with credit risk
kredit (lanjutan) exposure (continued)
c) Kualitas kredit dari aset keuangan (lanjutan) c) Credit quality of financial assets (continued)
Penjelasan pembagian kualitas kredit yang diberikan Details for credit quality of loans that are “neither
yang “belum jatuh tempo atau tidak mengalami past due nor impaired” are as follows:
penurunan nilai” adalah:
- Lancar - Pass
Aset seluruhnya hampir dapat dipastikan akan There is a high likelihood of the assets being
diterima kembali sehingga tidak terdapat recovered in full and therefore no cause for
pertimbangan yang menjadi perhatian Bank concern to Bank CIMB Niaga; and
CIMB Niaga; dan
- Dalam perhatian khusus - Special mention
Ada pertimbangan terkait dengan kemampuan There is concern over the counterparty’s ability
nasabah dalam melakukan pembayaran pada to make payments when due. However, these
saat jatuh tempo. Namun, dalam hal ini belum have not yet converted to actual delinquency and
terdapat keterlambatan secara aktual dimana the counterparty is continuing to make payments
pembayaran masih dilakukan pada saat jatuh when due and is expected to settle all
tempo dan diharapkan dapat menyelesaikan outstanding amount of principals and interests.
seluruh pokok dan bunga.
(v) Kredit yang diberikan (v) Loans
Ikhtisar kredit yang diberikan adalah: Loans are summarised as follows:
2023
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 169,077,380 7,546,120 176,623,500 Rupiah
Mata uang asing 25,954,565 3,338,485 29,293,050 Foreign currencies
Jumlah 195,031,945 10,884,605 205,916,550 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) impairment losses
194,010,843
Halaman – 5/248 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 872
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(v) Kredit yang diberikan (lanjutan) (v) Loans (continued)
Ikhtisar kredit yang diberikan adalah: (lanjutan) Loans are summarised as follows: (continued)
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 156,465,651 9,549,505 166,015,156 Rupiah
Mata uang asing 20,374,677 4,302,357 24,677,034 Foreign currencies
Jumlah 176,840,328 13,851,862 190,692,190 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,086,850) impairment losses
177,605,340
2021
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah 148,255,311 9,960,075 158,215,386 Rupiah
Mata uang asing 16,839,812 2,102,664 18,942,476 Foreign currencies
Jumlah 165,095,123 12,062,739 177,157,862 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (13,068,605) impairment losses
164,089,257
(vi) Penempatan pada bank lain dan Bank Indonesia (vi) Placement with other banks and Bank Indonesia
2023
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia Deposit facility of Bank Indonesia
(FASBI) 1,850,809 - 1,850,809 (FASBI)
Jumlah Rupiah 1,850,809 - 1,850,809 Total Rupiah
Mata uang asing: Foreign currencies:
Deposito berjangka 2,401,933 - 2,401,933 Time deposits
Call money 280,249 8,711 288,960 Call money
Jumlah mata uang asing 2,682,182 8,711 2,690,893 Total foreign currencies
Jumlah 4,532,991 8,711 4,541,702 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3) (8,711) (8,714) impairment losses
4,532,988 - 4,532,988
Halaman – 5/249 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 873
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vi) Penempatan pada bank lain dan Bank Indonesia (vi) Placement with other banks and Bank Indonesia
(lanjutan) (continued)
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia Deposit facility of Bank Indonesia
(FASBI) 9,801,082 - 9,801,082 (FASBI)
Jumlah Rupiah 9,801,082 - 9,801,082 Total Rupiah
Mata uang asing: Foreign currencies:
Deposito berjangka 4,701,385 - 4,701,385 Time deposits
Call money - 8,808 8,808 Call money
Jumlah mata uang asing 4,701,385 8,808 4,710,193 Total foreign currencies
Jumlah 14,502,467 8,808 14,511,275 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - (8,808) (8,808) impairment losses
14,502,467 - 14,502,467
2021
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Fasilitas Simpanan Bank Indonesia Deposit facility of Bank Indonesia
(FASBI) 10,600,121 - 10,600,121 (FASBI)
Call money 727,865 - 727,865 Call money
Jumlah Rupiah 11,327,986 - 11,327,986 Total Rupiah
Mata uang asing: Foreign currencies:
Deposito berjangka 18,984,331 - 18,984,331 Time deposits
Call money 33,536 8,064 41,600 Call money
Jumlah mata uang asing 19,017,867 8,064 19,025,931 Total foreign currencies
Jumlah 30,345,853 8,064 30,353,917 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (68) (8,064) (8,132) impairment losses
30,345,785 - 30,345,785
Halaman – 5/250 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 874
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (vii) Marketable securities
2023
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Sekuritas Rupiah Bank Indonesia 251,038 - 251,038 Sekuritas Rupiah Bank Indonesia
Obligasi 7,640,007 34,984 7,674,991 Bonds
Wesel Jangka Menengah - 15,000 15,000 Medium term notes
Tagihan wesel ekspor 131,063 - 131,063 Bill receivables
Jumlah Rupiah 8,022,108 49,984 8,072,092 Total Rupiah
Mata uang asing: Foreign currencies:
Sukuk Bank Indonesia 30,794 - 30,794 Sukuk Bank Indonesia
Obligasi 1,014,287 - 1,014,287 Bonds
Tagihan wesel ekspor 285,920 - 285,920 Bill receivables
Jumlah mata uang asing 1,331,001 - 1,331,001 Total foreign currencies
Jumlah 9,353,109 49,984 9,403,093 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (2,865) (36,295) (39,160) impairment losses
9,350,244 13,689 9,363,933
2022
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Obligasi 5,562,479 - 5,562,479 Bonds
Wesel Jangka Menengah - 15,000 15,000 Medium term notes
Tagihan wesel ekspor 49,059 - 49,059 Bill receivables
Jumlah Rupiah 5,611,538 15,000 5,626,538 Total Rupiah
Mata uang asing: Foreign currencies:
Obligasi 84,618 - 84,618 Bonds
Tagihan wesel ekspor 116,937 - 116,937 Bill receivables
Jumlah mata uang asing 201,555 - 201,555 Total foreign currencies
Jumlah 5,813,093 15,000 5,828,093 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (3,428) (15,000) (18,428) impairment losses
5,809,665 - 5,809,665
Halaman – 5/251 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 875
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
2021
Tidak mengalami Mengalami
penurunan nilai/ penurunan nilai/ Jumlah/
Unimpaired Impaired Total
Rupiah: Rupiah:
Obligasi 9,252,473 - 9,252,473 Bonds
Wesel Jangka Menengah - 15,000 15,000 Medium term notes
Tagihan wesel ekspor 87,238 - 87,238 Bill receivables
Jumlah Rupiah 9,339,711 15,000 9,354,711 Total Rupiah
Mata uang asing: Foreign currencies:
Sertifikat Bank Indonesia 665,840 - 665,840 Bank Indonesia Certificates
Obligasi 122,443 - 122,443 Bonds
Tagihan wesel ekspor 48,990 - 48,990 Bill receivables
Jumlah mata uang asing 837,273 - 837,273 Total foreign currencies
Jumlah 10,176,984 15,000 10,191,984 Total
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (1,062) (15,000) (16,062) impairment losses
10,175,922 - 10,175,922
Halaman – 5/252 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 876
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2023, 2022, dan 2021: designation at 31 December 2023, 2022, and 2021:
2023
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah Rupiah
Biaya perolehan diamortisasi Amortised cost
PT Polytama Propindo PEFINDO idAAA 221,892 PT Polytama Propindo
PT Samudera Indonesia Tbk PEFINDO idA+ 100,908 PT Samudera Indonesia Tbk
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 89,204 PT Chandra Asri Petrochemical Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 60,660 PT Telekomunikasi Indonesia (Persero) Tbk
PT Sinar Mas Resources and Technology Tbk PEFINDO idAA- 50,129 PT Sinar Mas Resources and Technology Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 25,118 PT Perusahaan Listrik Negara (Persero)
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 20,951 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 20,153 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 4,027 PT Adira Dinamika Multi Finance Tbk
593,042
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 793,854 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 608,883 PT Sarana Multigriya Finansial (Persero)
PT Tower Bersama Infrastructure Tbk FITCH AA+ 485,346 PT Tower Bersama Infrastructure Tbk
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 434,257 PT Adira Dinamika Multi Finance Tbk
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 426,168 PT Sarana Multi Infrastruktur (Persero)
PT Pegadaian (Persero) PEFINDO idAAA 395,522 PT Pegadaian (Persero)
PT Bussan Auto Finance FITCH AAA 341,444 PT Bussan Auto Finance
PT Astra Sedaya Finance FITCH AAA 332,554 PT Astra Sedaya Finance
PT Federal International Finance FITCH AAA 298,533 PT Federal International Finance
PT Indosat Tbk FITCH AA+ 252,523 PT Indosat Tbk
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 232,155 PT Bank Rakyat Indonesia (Persero) Tbk
PT Mandiri Tunas Finance PEFINDO idAAA 226,538 PT Mandiri Tunas Finance
PT Wahana Ottomitra Multiartha Tbk FITCH AA 203,331 PT Wahana Ottomitra Multiartha Tbk
PT Maybank Indonesia Finance FITCH AAA 161,452 PT Maybank Indonesia Finance
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 101,878 PT Perusahaan Listrik Negara (Persero)
PT Permodalan Nasional Madani PEFINDO idAA 100,713 PT Permodalan Nasional Madani
PT Toyota Astra Financial Services FITCH AAA 88,196 PT Toyota Astra Financial Services
PT Profesional Telekomunikasi Indonesia FITCH AAA 74,308 PT Profesional Telekomunikasi Indonesia
PT Bank Mandiri (Persero) Tbk PEFINDO idAAA 48,547 PT Bank Mandiri (Persero) Tbk
PT Bank BTPN Tbk FITCH AAA 40,286 PT Bank BTPN Tbk
PT Bank Tabungan Negara (Persero) Tbk FITCH AA+ 30,274 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Maybank Indonesia Tbk PEFINDO idAAA 30,250 PT Bank Maybank Indonesia Tbk
PT Hino Finance Indonesia FITCH AAA 29,781 PT Hino Finance Indonesia
PT Semen Indonesia (Persero) Tbk PEFINDO idAA+ 20,716 PT Semen Indonesia (Persero) Tbk
PT Pupuk Indonesia (Persero) FITCH AAA 7,071 PT Pupuk Indonesia (Persero)
5,764,580
Halaman – 5/253 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 877
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2023, 2022, dan 2021: (lanjutan) designation at 31 December 2023, 2022, and 2021:
(continued)
2023
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT T ower Bersama Infrastructure T bk FIT CH AA+ 225,692 PT Tower Bersama Infrastructure Tbk
PT Pupuk Indonesia (Persero) FIT CH AAA 141,021 PT Pupuk Indonesia (Persero)
PT Adira Dinamika Multi Finance T bk PEFINDO idAAA 127,233 PT Adira Dinamika Multi Finance Tbk
PT Pegadaian (Persero) PEFINDO idAAA 89,716 PT Pegadaian (Persero)
PT Bank Rakyat Indonesia (Persero) T bk PEFINDO idAAA 74,945 PT Bank Rakyat Indonesia (Persero) Tbk
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 73,312 PT Sarana Multi Infrastruktur (Persero)
PT Merdeka Copper Gold T bk PEFINDO idA+ 65,815 PT Merdeka Copper Gold Tbk
PT Chandra Asri Petrochemical T bk FIT CH AA- 63,059 PT Chandra Asri Petrochemical Tbk
PT Maybank Indonesia Finance FIT CH AAA 62,196 PT Maybank Indonesia Finance
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 54,035 Lembaga Pembiayaan Ekspor Indonesia
PT Mandiri T unas Finance PEFINDO idAAA 53,610 PT Mandiri Tunas Finance
PT Indosat T bk FIT CH AAA 35,708 PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 32,943 PT Perusahaan Listrik Negara (Persero)
PT T oyota Astra Financial Services FIT CH AAA 29,045 PT Toyota Astra Financial Services
PT Astra Sedaya Finance FIT CH AAA 28,647 PT Astra Sedaya Finance
PT Mora T elematika Indonesia T bk PEFINDO idA+ 26,762 PT Mora Telematika Indonesia Tbk
PT Bank BT PN T bk FIT CH AAA 20,143 PT Bank BTPN Tbk
PT Indonesia Infrastructure Finance PEFINDO idAAA 20,022 PT Indonesia Infrastructure Finance
PT Hino Finance Indonesia FIT CH AAA 19,854 PT Hino Finance Indonesia
PT Wahana Ottomitra Multiartha T bk FIT CH AA 10,025 PT Wahana Ottomitra Multiartha Tbk
PT Bussan Auto Finance FIT CH AAA 9,990 PT Bussan Auto Finance
PT Permodalan Nasional Madani PEFINDO idAA 9,383 PT Permodalan Nasional Madani
PT Profesional T elekomunikasi Indonesia FIT CH AAA 4,954 PT Profesional Telekomunikasi Indonesia
PT Federal International Finance FIT CH AAA 4,041 PT Federal International Finance
PT Bank Mandiri (Persero) T bk PEFINDO idAAA 2,786 PT Bank Mandiri (Persero) Tbk
PT Semen Indonesia (Persero) T bk PEFINDO idAA+ 2,691 PT Semen Indonesia (Persero) Tbk
PT Medco Energi Internasional T bk PEFINDO idAA- 50 PT Medco Energi Internasional Tbk
PT Indah Kiat Pulp and Paper T bk PEFINDO idA+ 20 PT Indah Kiat Pulp and Paper Tbk
PT Kereta Api Indonesia (Persero) PEFINDO idAAA 5 PT Kereta Api Indonesia (Persero)
1,287,703
Jumlah Rupiah 7,645,325 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 493,414 PT Perusahaan Listrik Negara (Persero)
PT Bank Rakyat Indonesia (Persero) T bk MOODYS Baa2 135,564 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank Mandiri (Persero) T bk MOODYS Baa2 133,246 Lembaga Pembiayaan Ekspor Indonesia
PT Pertamina (Persero) MOODYS Baa2 106,562 PT Pertamina (Persero)
PT Pertamina Geothermal Energy T bk MOODYS Baa3 46,397 PT Pertamina Geothermal Energy Tbk
Lembaga Pembiayaan Ekspor Indonesia MOODYS Baa2 42,828 Lembaga Pembiayaan Ekspor Indonesia
958,011
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Bank Mandiri (Persero) T bk PEFINDO idAAA 32,387 PT Bank Mandiri (Persero) Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 17,837 PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) MOODYS Baa2 6,052 PT Pertamina (Persero)
56,276
Jumlah Dollar Amerika Serikat 1,014,287 Total United States Dollar
Halaman – 5/254 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 878
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2023, 2022, dan 2021: designation at 31 December 2023, 2022, and 2021:
(lanjutan) (continued)
2022
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah Rupiah
Biaya perolehan diamortisasi Amortised cost
PT Polytama Propindo PEFINDO idAAA 223,636 PT Polytama Propindo
PT Ultrajaya Milk Industry Tbk PEFINDO idAA 203,926 PT Ultrajaya Milk Industry Tbk
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 170,364 PT Bank Rakyat Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk PEFINDO idA 152,324 PT Medco Energi Internasional Tbk
PT Sinar Mas Resources and Technology Tbk PEFINDO idAA- 101,601 PT Sinar Mas Resources and Technology Tbk
PT Eatwell Culinary Indonesia PEFINDO idA 100,000 PT Eatwell Culinary Indonesia
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 88,536 PT Chandra Asri Petrochemical Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 76,073 PT Tower Bersama Infrastructure Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 62,930 PT Telekomunikasi Indonesia (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 42,854 Lembaga Pembiayaan Ekspor Indonesia
PT Tunas Baru Lampung Tbk FITCH BBB+ 34,685 PT Tunas Baru Lampung Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 28,866 PT Perusahaan Listrik Negara (Persero)
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 20,771 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 7,225 PT Adira Dinamika Multi Finance Tbk
1,313,791
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 638,147 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 515,349 PT Sarana Multigriya Finansial (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 395,658 PT Adira Dinamika Multi Finance Tbk
PT Bank Maybank Indonesia Tbk PEFINDO idAAA 351,428 PT Bank Maybank Indonesia Tbk
PT Astra Sedaya Finance FITCH AAA 287,574 PT Astra Sedaya Finance
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 276,894 PT Sarana Multi Infrastruktur (Persero)
PT Bussan Auto Finance FITCH AAA 250,967 PT Bussan Auto Finance
PT Pegadaian (Persero) PEFINDO idAAA 221,374 PT Pegadaian (Persero)
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 182,718 PT Perusahaan Listrik Negara (Persero)
PT Bank Tabungan Negara (Persero) Tbk FITCH AA 181,684 PT Bank Tabungan Negara (Persero) Tbk
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 172,263 PT Chandra Asri Petrochemical Tbk
PT Federal International Finance FITCH AAA 118,075 PT Federal International Finance
PT Maybank Indonesia Finance FITCH AAA 115,907 PT Maybank Indonesia Finance
PT Permodalan Nasional Madani PEFINDO idAA 105,197 PT Permodalan Nasional Madani
PT Ultrajaya Milk Industry Tbk PEFINDO idAA 101,963 PT Ultrajaya Milk Industry Tbk
PT Tower Bersama Infrastructure Tbk FITCH AA+ 79,765 PT Tower Bersama Infrastructure Tbk
PT Bank Pan Indonesia Tbk PEFINDO idAA 60,175 PT Bank Pan Indonesia Tbk
PT Mandiri Tunas Finance PEFINDO idAAA 58,950 PT Mandiri Tunas Finance
PT Indosat Tbk FITCH AA 53,287 PT Indosat Tbk
PT Toyota Astra Financial Services FITCH AAA 4,045 PT Toyota Astra Financial Services
4,171,420
Halaman – 5/255 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 879
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2023, 2022, dan 2021: (lanjutan) designation at 31 December 2023, 2022, and 2021:
(continued)
2022
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Astra Sedaya Finance PEFINDO idAAA 1,981 PT Astra Sedaya Finance
PT Indosat Tbk PEFINDO idAAA 101 PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 4,616 PT Perusahaan Listrik Negara (Persero)
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 14,966 PT Sarana Multigriya Finansial (Persero)
PT Tower Bersama Infrastructure Tbk FITCH AA+ 14,132 PT Tower Bersama Infrastructure Tbk
PT Maybank Indonesia Finance FITCH AAA 50 PT Maybank Indonesia Finance
PT Mandiri Tunas Finance PEFINDO idAAA 623 PT Mandiri Tunas Finance
PT Bussan Auto Finance FITCH AAA 15,423 PT Bussan Auto Finance
PT Indomobil Finance Indonesia PEFINDO idA+ 301 PT Indomobil Finance Indonesia
PT Permodalan Nasional Madani PEFINDO idAAA 36,020 PT Permodalan Nasional Madani
PT Jakarta Lingkar Barat Satu PEFINDO idAA- 103 PT Jakarta Lingkar Barat Satu
PT Merdeka Copper Gold Tbk PEFINDO idA+ 26 PT Merdeka Copper Gold Tbk
PT Semen Indonesia (Persero) Tbk PEFINDO idAA+ 2,126 PT Semen Indonesia (Persero) Tbk
PT Indah Kiat Pulp and Paper Tbk PEFINDO idA+ 5,041 PT Indah Kiat Pulp and Paper Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 214 Lembaga Pembiayaan Ekspor Indonesia
95,723
Jumlah Rupiah 5,580,934 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Pertamina (Persero) MOODYS Baa2 77,153 PT Pertamina (Persero)
77,153
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 4,284 PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) MOODYS Baa2 3,181 PT Pertamina (Persero)
7,465
Jumlah Dollar Amerika Serikat 84,618 Total United States Dollar
Halaman – 5/256 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 880
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada The table below presents an analysis of bonds in
efek-efek berdasarkan lembaga pemeringkat pada marketable securities by various rating agencies
tanggal 31 Desember 2023, 2022, dan 2021: designation at 31 December 2023, 2023, and 2021:
(lanjutan) (continued)
2021
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah Rupiah
Biaya perolehan diamortisasi Amortised cost
PT Ultrajaya Milk Industry Tbk PEFINDO idAA- 409,358 PT Ultrajaya Milk Industry Tbk
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 179,310 PT Bank Rakyat Indonesia (Persero) Tbk
PT Medco Energi Internasional Tbk PEFINDO idA 155,658 PT Medco Energi Internasional Tbk
PT Tunas Baru Lampung Tbk FITCH A 138,481 PT Tunas Baru Lampung Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 112,782 PT Telekomunikasi Indonesia (Persero) Tbk
PT Sinar Mas Resources and Technology Tbk PEFINDO idA+ 101,907 PT Sinar Mas Resources and Technology Tbk
PT Eatwell Culinary Indonesia PEFINDO idA 100,000 PT Eatwell Culinary Indonesia
PT Tower Bersama Infrastructure Tbk FITCH AA+ 78,802 PT Tower Bersama Infrastructure Tbk
PT Bank Tabungan Negara (Persero) Tbk FITCH AA 56,414 PT Bank Tabungan Negara (Persero) Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 44,826 Lembaga Pembiayaan Ekspor Indonesia
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 42,456 PT Perusahaan Listrik Negara (Persero)
PT Pupuk Indonesia (Persero) FITCH AAA 30,974 PT Pupuk Indonesia (Persero)
PT Sarana Multi Infrastruktur (Persero) FITCH AAA 21,418 PT Sarana Multi Infrastruktur (Persero)
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 7,601 PT Adira Dinamika Multi Finance Tbk
1,479,987
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 891,602 Lembaga Pembiayaan Ekspor Indonesia
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 873,220 PT Sarana Multigriya Finansial (Persero)
PT Astra Sedaya Finance FITCH AAA 567,337 PT Astra Sedaya Finance
PT Indosat Tbk FITCH AAA 529,766 PT Indosat Tbk
PT Sarana Multi Infrastruktur (Persero) PEFINDO idAAA 516,614 PT Sarana Multi Infrastruktur (Persero)
PT Bank Maybank Indonesia Tbk PEFINDO idAAA 477,579 PT Bank Maybank Indonesia Tbk
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 470,060 PT Perusahaan Listrik Negara (Persero)
PT Bank Tabungan Negara (Persero) Tbk FITCH AA 456,478 PT Bank Tabungan Negara (Persero) Tbk
PT Adira Dinamika Multi Finance Tbk FITCH AAA 426,932 PT Adira Dinamika Multi Finance Tbk
PT Federal International Finance FITCH AAA 395,855 PT Federal International Finance
PT Tower Bersama Infrastructure Tbk FITCH AA+ 346,519 PT Tower Bersama Infrastructure Tbk
PT Pegadaian (Persero) PEFINDO idAAA 338,142 PT Pegadaian (Persero)
PT Indofood Sukses Makmur Tbk PEFINDO idAA+ 298,783 PT Indofood Sukses Makmur Tbk
PT Bussan Auto Finance FITCH AAA 202,556 PT Bussan Auto Finance
PT Chandra Asri Petrochemical Tbk PEFINDO idAA- 176,698 PT Chandra Asri Petrochemical Tbk
PT Ultrajaya Milk Industry Tbk PEFINDO idAA- 103,204 PT Ultrajaya Milk Industry Tbk
PT Wahana Ottomitra Multiartha Tbk FITCH AA- 97,063 PT Wahana Ottomitra Multiartha Tbk
PT Bank Pan Indonesia Tbk PEFINDO idAA 82,237 PT Bank Pan Indonesia Tbk
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 81,451 PT Telekomunikasi Indonesia (Persero) Tbk
PT Hutama Karya (Persero) PEFINDO idAAA 46,108 PT Hutama Karya (Persero)
PT Mandiri Tunas Finance PEFINDO idAA+ 38,748 PT Mandiri Tunas Finance
PT Bank Mandiri (Persero) Tbk PEFINDO idAAA 34,781 PT Bank Mandiri (Persero) Tbk
PT Bank Rakyat Indonesia (Persero) Tbk PEFINDO idAAA 29,732 PT Bank Rakyat Indonesia (Persero) Tbk
PT Bank BTPN Tbk FITCH AAA 24,060 PT Bank BTPN Tbk
PT Bank Danamon Indonesia Tbk FITCH AAA 7,138 PT Bank Danamon Indonesia Tbk
PT Maybank Indonesia Finance FITCH AA+ 2,054 PT Maybank Indonesia Finance
7,514,717
Halaman – 5/257 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 881
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
52. RISIKO KREDIT (lanjutan) 52. CREDIT RISK (continued)
(vii) Efek-efek (lanjutan) (vii) Marketable securities (continued)
Tabel berikut menyajikan analisis atas obligasi pada efek- The table below presents an analysis of bonds in
efek berdasarkan lembaga pemeringkat pada tanggal 31 marketable securities by various rating agencies
Desember 2023, 2022, dan 2021: (lanjutan) designation at 31 December 2023, 2023, and 2021:
(continued)
2021
Lembaga
Pemeringkat/
Rating Peringkat/ Nilai wajar/
Agencies Rating Fair value
Rupiah (lanjutan) Rupiah (continued)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Perusahaan Listrik Negara (Persero) PEFINDO idAAA 52,050 PT Perusahaan Listrik Negara (Persero)
PT Tower Bersama Infrastructure Tbk FITCH AA+ 38,137 PT Tower Bersama Infrastructure Tbk
PT Maybank Indonesia Finance FITCH AA+ 37,967 PT Maybank Indonesia Finance
PT Adira Dinamika Multi Finance Tbk PEFINDO idAAA 33,101 PT Adira Dinamika Multi Finance Tbk
PT Wahana Ottomitra Multiartha Tbk FITCH AA- 27,615 PT Wahana Ottomitra Multiartha Tbk
PT Bank Tabungan Negara (Persero) Tbk FITCH AA 25,075 PT Bank Tabungan Negara (Persero) Tbk
PT Sarana Multigriya Finansial (Persero) PEFINDO idAAA 20,229 PT Sarana Multigriya Finansial (Persero)
PT Telekomunikasi Indonesia (Persero) Tbk PEFINDO idAAA 14,434 PT Telekomunikasi Indonesia (Persero) Tbk
PT Indah Kiat Pulp and Paper Tbk PEFINDO idA+ 11,007 PT Indah Kiat Pulp and Paper Tbk
PT Mandiri Tunas Finance PEFINDO idAA+ 10,929 PT Mandiri Tunas Finance
PT Astra Sedaya Finance FITCH AAA 10,174 PT Astra Sedaya Finance
PT Indosat Tbk FITCH AAA 9,447 PT Indosat Tbk
Lembaga Pembiayaan Ekspor Indonesia PEFINDO idAAA 5,827 Lembaga Pembiayaan Ekspor Indonesia
PT Federal International Finance FITCH AAA 5,494 PT Federal International Finance
PT Toyota Astra Financial Services FITCH AAA 4,208 PT Toyota Astra Financial Services
PT Bank Maybank Indonesia Tbk PEFINDO idAAA 51 PT Bank Maybank Indonesia Tbk
PT Bank Mandiri (Persero) Tbk FITCH AA 31 PT Bank Mandiri (Persero) Tbk
305,776
Jumlah Rupiah 9,300,480 Total Rupiah
Dollar Amerika Serikat United States Dollar
Nilai wajar melalui penghasilan komprehensif lain Fair value through other comprehensive income
PT Pertamina (Persero) MOODYS Baa2 117,262 PT Pertamina (Persero)
Nilai wajar melalui laba rugi Fair value through profit or loss
PT Pertamina (Persero) MOODYS Baa2 3,848 PT Pertamina (Persero)
PT Perusahaan Listrik Negara (Persero) MOODYS Baa2 1,333 PT Perusahaan Listrik Negara (Persero)
5,181
Jumlah Dollar Amerika Serikat 122,443 Total United States Dollar
Halaman – 5/258 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 882
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA 53. INTEREST RATE RISK
Risiko tingkat suku bunga terjadi dari bermacam-macam Interest rate risk arises from various banking products
layanan perbankan kepada nasabah meliputi provided to customers including deposit taking (demand
penghimpunan dana (antara lain giro, tabungan, dan deposits, saving deposits, and time deposits), lending
deposito), penempatan dana (antara lain kredit yang (loans), commitments and contingencies, and other earning
diberikan), komitmen dan kontinjensi, serta instrumen lain instruments.
yang mengandung suku bunga.
Asset Liability Committee (“ALCO”) Bank CIMB Niaga yang Bank CIMB Niaga’s Asset Liability Committee (“ALCO”),
beranggotakan Direksi dan beberapa anggota manajemen which consists of the Directors and selected members of
senior, bertanggung jawab dalam menetapkan kebijakan senior management, is responsible for determining interest
dan strategi pengelolaan risiko tingkat suku bunga di rate risk management policy and strategies in banking book
banking book serta mengawasi penerapan dan and monitoring its implementation and execution. The main
pelaksanaannya. Tujuan utama ALCO adalah objective of ALCO is to optimise Bank CIMB Niaga’s return
mengoptimalkan hasil usaha Bank CIMB Niaga dengan within predetermined risk limits.
tetap memperhatikan batasan-batasan risiko yang
ditetapkan.
Selain itu, risiko tingkat bunga dapat pula terjadi dari In addition, interest rate risk could also arise from treasury
produk-produk treasuri seperti surat berharga dan products like marketable securities and derivative
transaksi-transaksi derivatif yang terdapat pada portofolio transactions included in trading book portfolio. Besides using
trading book. Selain menggunakan pendekatan faktor sensitivity factor approach (“DV01”), the measurement of
sensitivitas (“DV01”), pengukuran risiko tingkat suku bunga interest rate risk in trading book, has also using more
pada trading book juga telah dilakukan dengan sensitive measurement method on market risk, that is VaR
menggunakan metode pengukuran risiko pasar yang lebih (Value at Risk).
risk sensitive yaitu VaR (Value at Risk).
Market Risk Committee (“MRC”) secara berkala mengkaji The Market Risk Committee (“MRC”) continuously do test for
ulang tingkat risiko pada portofolio treasuri dan risk in treasury portfolio and determined the policy, trading
menetapkan kebijakan, batasan-batasan perdagangan limits that can be accepted and interest rate risk
yang dapat diterima serta strategi manajemen risiko tingkat management strategy on trading book based on
bunga pada trading book berdasarkan prinsip kehati- prudentiality principle.
hatian.
2023 2022 2021
Mata uang Mata uang Mata uang
asing/ asing/ asing/
Foreign Foreign Foreign
Rupiah currencies Rupiah currencies Rupiah currencies
(%) (%) (%) (%) (%) (%)
ASET ASSETS
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 5.25 5.32 4.75 2.13 2.83 0.04 and Bank Indonesia
Efek-efek 6.73 3.93 7.20 4.20 7.41 0.64 Marketable securities
Obligasi Pemerintah 7.06 3.83 7.13 3.72 7.18 3.67 Government bonds
Kredit yang diberikan 8.34 5.58 7.89 4.29 8.75 3.39 Loans
Piutang pembiayaan konsumen 17.01 - 17.30 - 16.44 - Consumer financing receivables
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 2.39 0.98 1.78 0.22 1.88 0.25 Demand deposits
Tabungan 2.22 0.95 1.52 0.31 1.75 0.25 Saving deposits
Deposito 5.13 2.60 3.26 0.87 3.52 0.63 Time deposits
Simpanan dari bank lain 2.61 0.00 3.01 0.00 1.15 0.04 Deposits from other banks
Efek-efek yang diterbitkan 7.23 - 7.72 - 7.79 - Marketable securities issued
Pinjaman yang diterima 6.38 5.67 7.07 - 7.70 - Borrowings
Pinjaman subordinasi 8.98 - 9.26 - 9.26 - Subordinated loans
Halaman – 5/259 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 883
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
a. Eksposur Bank CIMB Niaga dan Entitas Anak terhadap a. Bank CIMB Niaga and Subsidiaries’ exposure to interest
risiko tingkat suku bunga rate risk
Tabel di bawah ini mengikhtisarkan aset dan liabilitas The following table summarises the Bank interest
keuangan berbunga Bank pada nilai tercatat, yang earning financial assets and interest bearing financial
dikategorikan menurut mana yang terlebih dahulu liabilities at carrying amounts which are categorised by
antara tanggal repricing secara kontraktual (contractual the earlier of contractual repricing date or maturity
repricing) atau tanggal jatuh tempo: dates:
2023
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 13,180,254 - - - - - - - - 13,180,254 Bank Indonesia
Giro pada bank lain 2,703,266 - - - - - - - - 2,703,266 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 4,541,702 - - - - 4,541,702 Bank Indonesia
Efek-efek - - - - 166,003 945,809 3,153,399 1,620,514 3,517,368 9,403,093 Marketable securities
Obligasi Pemerintah - - - - 107,889 7,539,832 7,403,834 12,763,329 42,781,623 70,596,507 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 1,902,370 288,694 2,475,649 492,674 - 5,159,387 resale agreements
Kredit yang diberikan 192,561 5,283,426 25,943,446 66,425,794 115,970 1,338,416 14,619,715 11,223,966 80,773,256 205,916,550 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 27,726 610,895 1,716,779 2,000,677 3,097,243 7,453,320 receivables
Jumlah aset keuangan 16,076,081 5,283,426 25,943,446 66,425,794 6,861,660 10,723,646 29,369,376 28,101,160 130,169,490 318,954,079 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 73,201,803 - - - - - - - - 73,201,803 Demand deposits
Tabungan 58,744,545 2,773,436 1,622,862 359,950 2,280,537 5,929,763 5,010,163 301,683 407,885 77,430,824 Saving deposits
Deposito 12,086,585 7,275,536 4,167,451 17,956,417 25,580,675 11,980,677 6,076,209 105,493 - 85,229,043 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 1,505,795 - - - - - - - - 1,505,795 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 106,300 5,451 1,675 4,356 5,635 22,098 3,179 105,958 - 254,652 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 20,424,800 2,026 - - - 20,426,826 repurchase agreement
Efek-efek yang diterbitkan - - - - - 698,058 909,476 391,000 299,168 2,297,702 Marketable securities issued
Pinjaman yang diterima - - - - 769,463 2,621,755 731,063 1,490,457 675,787 6,288,525 Borrowings
Pinjaman subordinasi - - - - - - - - 155,619 155,619 Subordinated loans
Jumlah liabilitas keuangan 145,645,028 10,054,423 5,791,988 18,320,723 49,061,110 21,254,377 12,730,090 2,394,591 1,538,459 266,790,789 Total financial liabilities
Sub Jumlah (129,568,947) (4,770,997) 20,151,458 48,105,071 (42,199,450) (10,530,731) 16,639,286 25,706,569 128,631,031 52,163,290 Sub Total
Tagihan derivatif 8,503,518 21,738,807 9,611,586 41,372,447 - - - - - 81,226,358 Derivative receivables
Liabilitas derivatif 14,428,445 20,864,729 18,396,288 15,470,055 - - - - - 69,159,517 Derivative payables
Jumlah gap repricing Total interest
suku bunga (135,493,874) (3,896,919) 11,366,756 74,007,463 (42,199,450) (10,530,731) 16,639,286 25,706,569 128,631,031 64,230,131 repricing gap
2022
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 8,985,257 - - - - - - - - 8,985,257 Bank Indonesia
Giro pada bank lain 2,748,458 - - - - - - - - 2,748,458 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 14,878,602 - - - - 14,878,602 Bank Indonesia
Efek-efek - - - - 106,540 1,335,611 1,626,304 1,428,620 1,331,018 5,828,093 Marketable securities
Obligasi Pemerintah - - - - 1,320 1,818,799 2,748,993 16,297,382 38,332,532 59,199,026 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 510,307 - - - - 510,307 resale agreements
Kredit yang diberikan 377,115 3,483,335 18,152,902 71,700,614 466,000 1,462,106 10,672,843 7,440,091 76,937,184 190,692,190 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 27,242 508,473 1,454,872 1,660,594 2,267,643 5,918,824 receivables
Jumlah aset keuangan 12,110,830 3,483,335 18,152,902 71,700,614 15,990,011 5,124,989 16,503,012 26,826,687 118,868,377 288,760,757 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 70,340,016 - - - - - - - - 70,340,016 Demand deposits
Tabungan 56,199,701 1,054,472 1,311,948 411,337 5,562,730 3,778,210 4,992,524 321,283 453,331 74,085,536 Saving deposits
Deposito 16,697,465 4,105,218 2,899,074 15,142,812 27,478,181 9,644,911 6,311,318 484,017 9 82,763,005 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 1,146,863 - - - - - - - - 1,146,863 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 122,843 15,165 4,067 112,503 1,100,000 647 600 824 2,500 1,359,149 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 6,062,727 - - - - 6,062,727 repurchase agreement
Efek-efek yang diterbitkan - - - - - 287,000 117,929 909,008 391,001 1,704,938 Marketable securities issued
Pinjaman yang diterima - - - - 129,945 21,598 118,823 526,776 2,628,267 3,425,409 Borrowings
Pinjaman subordinasi - - - - - - - 74,425 153,886 228,311 Subordinated loans
Jumlah liabilitas keuangan 144,506,888 5,174,855 4,215,089 15,666,652 40,333,583 13,732,366 11,541,194 2,316,333 3,628,994 241,115,954 Total financial liabilities
Sub Jumlah (132,396,058) (1,691,520) 13,937,813 56,033,962 (24,343,572) (8,607,377) 4,961,818 24,510,354 115,239,383 47,644,803 Sub Total
Tagihan derivatif 14,765,977 7,818,095 14,769,912 37,446,758 - - - - - 74,800,742 Derivative receivables
Liabilitas derivatif 23,233,586 6,577,040 8,481,128 12,476,015 - - - - - 50,767,769 Derivative payables
Jumlah gap repricing Total interest
suku bunga (140,863,667) (450,465) 20,226,597 81,004,705 (24,343,572) (8,607,377) 4,961,818 24,510,354 115,239,383 71,677,776 repricing gap
Halaman – 5/260 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 884
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
a. Eksposur Bank CIMB Niaga dan Entitas Anak terhadap a. Bank CIMB Niaga and Subsidiaries’ exposure to
risiko tingkat suku bunga (lanjutan) interest rate risk (continued)
Tabel di bawah ini mengikhtisarkan aset dan liabilitas The following table summarises the Bank interest
keuangan berbunga Bank pada nilai tercatat, yang earning financial assets and interest bearing financial
dikategorikan menurut mana yang terlebih dahulu liabilities at carrying amounts which are categorised by
antara tanggal repricing secara kontraktual (contractual the earlier of contractual repricing date or maturity
repricing) atau tanggal jatuh tempo: (lanjutan) dates: (continued)
2021
Bunga mengambang/Floating rate Bunga tetap/Fixed rate
Lebih dari Lebih dari Lebih dari Lebih dari Lebih dari
1 bulan 3 bulan 1 bulan 3 bulan 1 tahun
tetapi tidak tetapi tidak tetapi tidak tetapi tidak tetapi tidak
1 bulan lebih dari lebih dari 1 bulan lebih dari lebih dari lebih dari
atau kurang/ 3 bulan/ 1 tahun/ Lebih dari atau kurang/ 3 bulan/ 1 tahun/ 2 tahun/ Lebih dari
1 month Over 1 month Over 3 months 1 tahun/ 1 month Over 1 month Over 3 months Over 1 year 2 tahun/ Jumlah/
or Less to 3 months to 1 year Over 1 year or Less to 3 months to 1 year to 2 years Over 2 years Total
ASET ASSETS
Giro pada Current accounts with
Bank Indonesia 9,291,044 - - - - - - - - 9,291,044 Bank Indonesia
Giro pada bank lain 2,822,988 - - - - - - - - 2,822,988 Current accounts with other banks
Penempatan pada Placement with
bank lain dan other banks and
Bank Indonesia - - - - 28,928,667 1,425,250 - - - 30,353,917 Bank Indonesia
Efek-efek - - - - 83,135 419,654 4,343,285 3,173,607 2,172,303 10,191,984 Marketable securities
Obligasi Pemerintah - - - - 1,359,304 168,003 3,399,014 5,693,159 49,901,284 60,520,764 Government Bonds
Efek-efek yang dibeli dengan janji . Securities purchased under
dijual kembali - - - - 273,499 576,522 739,635 - - 1,589,656 resale agreements
Kredit yang diberikan 4,075,653 1,163,640 19,569,206 71,604,640 1,517,943 2,999,766 5,650,836 5,309,862 65,266,316 177,157,862 Loans
Piutang pembiayaan Consumer financing
konsumen - - - - 20,532 430,360 1,212,608 1,282,031 1,510,027 4,455,558 receivables
Jumlah aset keuangan 16,189,685 1,163,640 19,569,206 71,604,640 32,183,080 6,019,555 15,345,378 15,458,659 118,849,930 296,383,773 Total financial assets
LIABILITAS LIABILITIES
Simpanan nasabah Deposits from customers
Giro 75,477,306 - - - - - - - - 75,477,306 Demand deposits
Tabungan 38,215,897 811,421 1,085,693 191,112 15,368,372 8,765,797 6,944,889 592,552 589,400 72,565,133 Saving deposits
Deposito 11,558,536 11,475,835 4,898,159 12,469,612 28,778,512 17,347,724 6,675,811 101,882 - 93,306,071 Time deposits
Simpanan dari bank lain - Deposits from other banks
Giro dan tabungan 1,158,196 - - - - - - - - 1,158,196 Demand and saving deposits
Interbank call money and Inter-bank call money and
deposito berjangka 642,363 1,102,000 5,550 458 8,535 14,390 113,700 12,259 2,000 1,901,255 time deposits
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali - - - - 1,262,232 - - - - 1,262,232 repurchase agreement
Efek-efek yang diterbitkan - - - - - - 3,664,832 404,820 1,299,576 5,369,228 Marketable securities issued
Pinjaman yang diterima - - - - 769,202 15,486 125,354 485,366 577,898 1,973,306 Borrowings
Pinjaman subordinasi - - - - - - - 73,825 152,318 226,143 Subordinated loans
Jumlah liabilitas keuangan 127,052,298 13,389,256 5,989,402 12,661,182 46,186,853 26,143,397 17,524,586 1,670,704 2,621,192 253,238,870 Total financial liabilities
Sub Jumlah (110,862,613) (12,225,616) 13,579,804 58,943,458 (14,003,773) (20,123,842) (2,179,208) 13,787,955 116,228,738 43,144,903 Sub Total
Tagihan derivatif 8,740,291 6,128,993 9,156,358 34,378,060 - - - - - 58,403,702 Derivative receivables
Liabilitas derivatif 12,515,932 7,075,367 16,445,700 32,122,158 - - - - - 68,159,157 Derivative payables
Jumlah gap repricing Total interest
suku bunga (114,638,254) (13,171,990) 6,290,462 61,199,360 (14,003,773) (20,123,842) (2,179,208) 13,787,955 116,228,738 33,389,448 repricing gap
b. Sensitivitas terhadap laba bersih b. Sensitivity to net income
Tabel di bawah ini mengikhtisarkan sensitivitas laba c. The table below shows the sensitivity of Bank CIMB
bersih konsolidasian Bank CIMB Niaga dan Entitas Niaga and Subsidiaries consolidated net income to
Anak pada tanggal 31 Desember 2023, 2022, dan movement of interest rates as at 31 December 2023,
2021, atas perubahan tingkat suku bunga yaitu: 2022, and 2021:
2023
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih (124,128) 124,128 Impact to net income
2022
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih 64,245 (64,245) Impact to net income
Halaman – 5/261 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 885
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
b. Sensitivitas terhadap laba bersih (lanjutan) b. Sensitivity to net income (continued)
Tabel di bawah ini mengikhtisarkan sensitivitas laba c. The table below shows the sensitivity of Bank CIMB
bersih konsolidasian Bank CIMB Niaga dan Entitas Niaga and Subsidiaries consolidated net income to
Anak pada tanggal 31 Desember 2023, 2022, dan movement of interest rates as at 31 December 2023,
2021, atas perubahan tingkat suku bunga yaitu: 2022, and 2021: (continued)
(lanjutan)
2021
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap laba bersih (210,416) 210,416 Impact to net income
c. Sensitivitas keuntungan/(kerugian) yang belum c. Sensitivity to unrealised gains/(losses) on fair value
direalisasi atas efek-efek dalam kelompok yang diukur through other comprehensive income marketable
nilai wajarnya melalui penghasilan komprehensif lain securities
Tabel di bawah ini mengikhtisarkan sensitivitas The table below shows the sensitivity of Bank CIMB
keuntungan/(kerugian) yang belum direalisasi atas Niaga’s unrealised gains/(losses) on fair value through
efek-efek dalam kelompok nilai wajar melalui other comprehensive income marketable securities to
penghasilan komprehensif lain Bank CIMB Niaga pada movement of interest rates as at 31 December 2023,
tanggal 31 Desember 2023, 2022, dan 2021 atas 2022, and 2021:
perubahan tingkat suku bunga yaitu:
2023
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui on fair value through other
penghasilan kompehensif lain 1,056,477 (1,056,477) comprehensive income marketable securities
2022
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui on fair value through other
penghasilan kompehensif lain (839,758) 839,758 comprehensive income marketable securities
2021
Peningkatan/ Penurunan/
Increased by Decreased by
100bps 100bps
Pengaruh terhadap keuntungan/(kerugian)
yang belum direalisasi atas efek-efek Impact to unrealised gains/(losses) on
dalam kelompok nilai wajar melalui fair value through profit or loss
penghasilan kompehensif lain (1,187,705) 1,187,705 marketable securities
Halaman – 5/262 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 886
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
53. RISIKO TINGKAT SUKU BUNGA (lanjutan) 53. INTEREST RATE RISK (continued)
c. Sensitivitas keuntungan/(kerugian) yang belum direalisasi c. Sensitivity to unrealised gains/(losses) on fair value
atas efek-efek dalam kelompok yang diukur nilai wajarnya through other comprehensive income marketable
melalui penghasilan komprehensif lain (lanjutan) securities (continued)
Proyeksi di atas mengasumsikan bahwa seluruh variabel The projection assumes that all other variables are held
lainnya adalah konstan dan berdasarkan tanggal constant and based on constant reporting date position,
pelaporan yang konstan, serta seluruh posisi hingga and that all positions until maturity.
jatuh tempo.
Sensitivitas atas laba bersih dan keuntungan/(kerugian) The sensitivities of net income and unrealised
yang belum direalisasi atas efek-efek dalam kelompok gains/(losses) on fair value through other
nilai wajar melalui penghasilan komprehensif lain, tidak comprehensive income marketable securities do not
memperhitungkan efek dari lindung nilai dan tindakan- take into account the effects of hedging and Bank CIMB
tindakan Bank CIMB Niaga untuk mengurangi risiko atas Niaga’s actions to reduce interest rate risks. In practice,
tingkat suku bunga. Dalam kenyataannya, Bank CIMB Bank CIMB Niaga proactively seeks to mitigate the effect
Niaga secara proaktif melakukan mitigasi atas efek of prospective interest movements.
prospektif pergerakan tingkat suku bunga.
54. RISIKO MATA UANG 54. CURRENCY RISK
Risiko mata uang asing timbul dari adanya posisi laporan Foreign currency risks arise from statement of financial
keuangan dan komitmen dan kontinjensi (off-balance sheet) position and commitments and contingencies (off-balance
baik di sisi aset maupun liabilitas. Posisi mata uang asing sheet) both on the assets and liabilities. Bank CIMB
Bank CIMB Niaga dapat dikelompokkan dalam dua aktivitas Niaga’s foreign currency position is divided into two
yaitu: trading book, yang dilakukan dalam rangka perolehan activities: the trading book, which is managed to generate
keuntungan transaksi mata uang asing, dan banking book, foreign exchange gains, and the banking book, which is
yang dilakukan dalam rangka mengendalikan Posisi Devisa managed to control Bank CIMB Niaga’s overall Net Open
Neto Bank CIMB Niaga secara keseluruhan. Position.
Maksimum Posisi Devisa Neto yang harus dijaga oleh bank- The maximum Net Open Position to be maintained by
bank di Indonesia adalah 20% dari modal. Sehubungan Indonesian banks is 20% of capital. In relation to this, Bank
dengan hal ini, Bank CIMB Niaga memiliki kebijakan internal CIMB Niaga has internal policy to manage its Net Open
untuk mengelola Posisi Devisa Neto-nya. Selain Position. In addition to nominal approach (Net Open
menggunakan pendekatan nominal (Posisi Devisa Neto), Position), the market risk measurement on currency risk
pengukuran terhadap eksposur risiko mata uang dilakukan exposure also use more sensitive measurement method,
juga dengan menggunakan metode pengukuran risiko pasar which is “Value at Risk” (“VaR”). As part of Market Risk
yang lebih risk sensitive, yaitu menggunakan “Value at Risk” Management Process, market risk limits on trading book
(“VaR”). Sebagai bagian dari Market Risk Management are monitored and reported to management on daily basis.
Process, secara harian limit risiko pasar pada trading book
dipantau dan dilaporkan kepada manajemen.
Halaman – 5/263 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 887
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
a. Posisi Devisa Neto a. Net Open Position
Berikut adalah Posisi Devisa Neto Bank CIMB Niaga Below is the Net Open Position of Bank CIMB Niaga and
dan Entitas Anak, dalam nilai absolut pada tanggal Subsidiaries, in absolute amounts, as at 31 December
31 Desember 2023, 2022, dan 2021, dalam mata uang 2023, 2022, and 2021, in currency (Rupiah equivalent).
(ekuivalen Rupiah). Nilai ini adalah yang dilaporkan These amounts are reported to Bank Indonesia on the
kepada Bank Indonesia pada tanggal laporan posisi statement of financial position’s date as part of daily
keuangan sebagai bagian dari laporan harian. reporting.
2023
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 6,685,591 (5,541,543) 1,144,048 United States Dollar
Euro (246,702) 245,462 1,240 Euro
Dolar Selandia Baru 3,497 (1,634) 1,863 New Zealand Dollar
Yen Jepang (7,018,842) 7,161,231 142,389 Japanese Yen
Dolar Singapura (714,295) 717,184 2,889 Singapore Dollar
Dolar Hong Kong 13,444 1,848 15,292 Hong Kong Dollar
Ringgit Malaysia (3) - 3 Malaysian Ringgit
Pound Sterling 2,583 (482) 2,101 Pound Sterling
Dolar Australia (313,133) 314,632 1,499 Australian Dollar
Dolar Kanada 1,822 - 1,822 Canadian Dollar
Lainnya 82,637 (7,584) 75,053 Others
1,388,199
2022
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 1,197,361 (1,284,695) 87,334 United States Dollar
Euro (260,471) 265,389 4,918 Euro
Dolar Selandia Baru (6,455) 15,818 9,363 New Zealand Dollar
Yen Jepang (3,408,863) 3,546,670 137,807 Japanese Yen
Dolar Singapura (351,912) 346,662 5,250 Singapore Dollar
Dolar Hong Kong 36,478 (3,993) 32,485 Hong Kong Dollar
Ringgit Malaysia (210) - 210 Malaysian Ringgit
Pound Sterling (1,721) 1,370 351 Pound Sterling
Dolar Australia (161,591) 160,933 658 Australian Dollar
Dolar Kanada 5,243 1,555 6,798 Canadian Dollar
Lainnya 17,613 5,343 22,956 Others
308,130
Halaman – 5/264 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 888
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
a. Posisi Devisa Neto (lanjutan) a. Net Open Position (continued)
Berikut adalah Posisi Devisa Neto Bank CIMB Niaga Below is the Net Open Position of Bank CIMB Niaga and
dan Entitas Anak, dalam nilai absolut pada tanggal Subsidiaries, in absolute amounts, as at 31 December
31 Desember 2023, 2022, dan 2021, dalam mata uang 2023, 2022, and 2021, in currency (Rupiah equivalent).
(ekuivalen Rupiah). Nilai ini adalah yang dilaporkan These amounts are reported to Bank Indonesia on the
kepada Bank Indonesia pada tanggal laporan posisi statement of financial position’s date as part of daily
keuangan sebagai bagian dari laporan harian. reporting.
2021
Aset dan (Komitmen) dan Jumlah
(liabilitas)/ kontinjensi/ absolut/
Assets and (Commitments) and Absolute
(liabilities) contingencies amount
Dolar Amerika Serikat 53,989 170,063 224,052 United States Dollar
Euro 198,925 (149,527) 49,398 Euro
Dolar Selandia Baru 2,029 8,099 10,128 New Zealand Dollar
Yen Jepang 9,125 9,727 18,852 Japanese Yen
Dolar Singapura (378,233) 418,249 40,016 Singapore Dollar
Dolar Hong Kong 22,389 4,276 26,665 Hong Kong Dollar
Ringgit Malaysia 22,828 - 22,828 Malaysian Ringgit
Pound Sterling (9,085) (2,099) 11,184 Pound Sterling
Dolar Australia 142,523 (114,554) 27,969 Australian Dollar
Dolar Kanada 6,132 - 6,132 Canadian Dollar
Lainnya 72,691 (9,168) 63,523 Others
500,747
Sesuai dengan PBI No. 5/13/PBI/2003 tanggal In accordance with BI regulation No. 5/13/PBI/2003
17 Juli 2003 sebagaimana telah diubah terakhir dengan dated 17 July 2003 as the latest amendment with BI
PBI No. 17/5/PBI/2015 tanggal 29 Mei 2015, regulation No. 17/5/PBI/2015 dated 29 May 2015, the
keseluruhan Posisi Devisa Neto Bank CIMB Niaga dan overall Net Open Position of Bank CIMB Niaga and on
Posisi Devisa Neto on balance sheet terhadap modal di balance sheet Net Open Position against capital as at
akhir hari kerja pada tanggal 31 Desember 2023 the closing of business day as at 31 December 2023
masing-masing adalah 3,05% dan -3,30% were 3.05% and -3.30%, respectively (2022: 0.77% and
(2022: 0,77% dan -7,07%; 2021: 1,22% dan 0,35%). -7.07%; 2021: 1.22% and 0.35%).
Halaman – 5/265 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 889
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
b. Eksposur Bank CIMB Niaga atas risiko nilai tukar mata b. Bank CIMB Niaga’s exposure to foreign currency
uang asing exchange risk
Tabel dibawah ini mengikhtisarkan eksposur Bank The table below summarises Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas risiko nilai tukar Subsidiaries exposure to foreign currency exchange
mata uang asing pada tanggal 31 Desember 2023, 2022 rate risk at 31 December 2023, 2022, and 2021.
dan 2021. Termasuk di dalamnya adalah instrumen Included in the table are Bank CIMB Niaga’s financial
keuangan Bank CIMB Niaga pada nilai tercatat, instruments at carrying amounts, categorised by
dikategorikan berdasarkan jenis mata uang: currency:
2023
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 358,888 264,020 183,098 15,030 102,526 5,709 7,548 43,189 980,008 Cash
Giro pada Bank Indonesia 1,473,206 - - - - - - - 1,473,206 Current accounts with Bank Indonesia
Giro pada bank lain 544,488 174,170 289,486 754,651 111,146 55,572 170,260 251,489 2,351,262 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 2,690,893 - - - - - - - 2,690,893 banks and Bank Indonesia
Efek-efek 1,331,001 - - - - - - - 1,331,001 Marketable securities
Obligasi Pemerintah 4,597,488 34,385 - 21,748 - - - - 4,653,621 Government Bonds
Tagihan derivatif 149,543 - 12,342 177,187 93 - - - 339,165 Derivative receivables
Kredit yang diberikan 29,129,335 21,198 52,201 - 83,495 - - 6,820 29,293,049 Loans
Tagihan akseptasi 240,903 180,730 - - - - - 19,379 441,012 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 570,083 407 217 7 282 - - 24 571,020 Accrued interest income
Aset lain-lain 12,887 - - - - - - - 12,887 Other assets
Jumlah aset 41,098,715 674,910 537,344 968,623 297,542 61,281 177,808 320,901 44,137,124 Total assets
Liabilitas Liabilities
Liabilitas segera 69,161 7,912 22,670 2,434 9,530 4,591 673 9,584 126,555 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 13,778,861 405,227 126,883 1,343,859 20,507 31,368 7,680 80,763 15,795,148 Demand deposits
Tabungan 6,449,649 305,153 714,942 2,946,746 398,463 7,348 129,041 111,324 11,062,666 Saving deposits
Deposito 7,246,969 22,339 378,951 3,630,889 103,413 4,418 34,762 5,806 11,427,547 Time deposits
Simpanan dari bank lain Deposits from other Banks
Giro dan tabungan 162,596 3,027 18 30,934 77,601 - 1,245 2,277 277,698 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 86 - - - - - - - 86 Time deposits
Liabilitas akseptasi 240,903 180,730 - - - - - 19,379 441,012 Acceptance payables
Liabilitas derivatif 77,438 - 3,137 38,272 61 - - - 118,908 Derivative payables
Pinjaman yang diterima 2,463,520 - - - - - - - 2,463,520 Borrowings
Liabilitas lain-lain 1,232,841 - 4,392 3,616 263 5 1,612 7,474 1,250,203 Other liabilities
Jumlah liabilitas 31,722,024 924,388 1,250,993 7,996,750 609,838 47,730 175,013 236,607 42,963,343 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 9,376,691 (249,478) (713,649) (7,028,127) (312,296) 13,551 2,795 84,294 1,173,781 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 9,439,084 246,504 95,233 51,416 - - - 121,299 9,953,536 accounts - net (full amount)
2022
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 430,421 94,739 230,189 16,228 135,104 19,852 6,832 31,693 965,058 Cash
Giro pada Bank Indonesia 1,599,516 - - - - - - - 1,599,516 Current accounts with Bank Indonesia
Giro pada bank lain 780,104 400,974 335,050 447,277 243,453 22,615 242,749 98,279 2,570,501 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 5,077,520 - - - - - - - 5,077,520 banks and Bank Indonesia
Efek-efek 201,555 - - - - - - - 201,555 Marketable securities
Obligasi Pemerintah 5,555,003 34,015 - 11,674 - - - - 5,600,692 Government Bonds
Tagihan derivatif 273,057 - 895 272,081 106 2 35 462 546,638 Derivative receivables
Kredit yang diberikan 24,529,670 - 53,521 - 40,346 - - 53,497 24,677,034 Loans
Tagihan akseptasi 844,746 98,306 - 21,169 - - - 41,296 1,005,517 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 447,179 326 177 4 97 - - 133 447,916 Accrued interest income
Aset lain-lain 3,830 - - - - - - - 3,830 Other assets
Jumlah aset 39,742,601 628,360 619,832 768,433 419,106 42,469 249,616 225,360 42,695,777 Total assets
Liabilitas Liabilities
Liabilitas segera 72,403 299 1,808 693 1,736 7 594 1,947 79,487 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 13,516,828 375,813 206,534 178,198 10,180 196 13,130 41,696 14,342,575 Demand deposits
Tabungan 6,765,606 410,999 554,033 322,180 439,849 5,188 220,488 100,156 8,818,499 Saving deposits
Deposito 12,535,578 1,636 207,098 3,558,415 40,155 599 17,031 5,607 16,366,119 Time deposits
Simpanan dari bank lain Deposits from other Banks
Giro dan tabungan 160,927 5,582 17 41,574 73,950 - 209 1,944 284,203 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 87 - - - - - - - 87 Time deposits
Liabilitas akseptasi 844,746 98,306 - 21,169 - - - 41,296 1,005,517 Acceptance payables
Liabilitas derivatif 67,075 - 830 24,935 3 - 22 5 92,870 Derivative payables
Liabilitas lain-lain 412,222 - 1,867 - 14,933 - 27 16,592 445,641 Other liabilities
Jumlah liabilitas 34,375,472 892,635 972,187 4,147,164 580,806 5,990 251,501 209,243 41,434,998 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 5,367,129 (264,275) (352,355) (3,378,731) (161,700) 36,479 (1,885) 16,117 1,260,779 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 7,123,715 244,391 12,560 59,559 2,610 - - 67,267 7,510,102 accounts - net (full amount)
Halaman – 5/266 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 890
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
b. Eksposur Bank CIMB Niaga atas risiko nilai tukar mata b. Bank CIMB Niaga’s exposure to foreign currency
uang asing (lanjutan) exchange risk (continued)
Tabel dibawah ini mengikhtisarkan eksposur Bank The table below summarises Bank CIMB Niaga and
CIMB Niaga dan Entitas Anak atas risiko nilai tukar Subsidiaries exposure to foreign currency exchange
mata uang asing pada tanggal 31 Desember 2023, 2022 rate risk at 31 December 2023, 2022, and 2021.
dan 2021. Termasuk di dalamnya adalah instrumen Included in the table are Bank CIMB Niaga’s financial
keuangan Bank CIMB Niaga pada nilai tercatat, instruments at carrying amounts, categorised by
dikategorikan berdasarkan jenis mata uang: (lanjutan) currency: (continued)
2021
Dolar Pound
Amerika Sterling
Serikat/ Dolar Yen Dolar Dolar Inggris/
United Singapura/ Jepang/ Australia/ Hong Kong/ Great Britain
States Euro/ Singapore Japanese Australian Hong Kong Pound Lain-lain/ Jumlah/
Dollar Euro Dollar Yen Dollar Dollar Sterling Others Total
Aset Assets
Kas 181,600 28,354 68,538 11,583 25,150 22,489 4,283 33,506 375,503 Cash
Giro pada Bank Indonesia 1,778,893 - - - - - - - 1,778,893 Current accounts with Bank Indonesia
Giro pada bank lain 176,660 910,086 523,452 259,772 617,003 4,748 139,658 168,065 2,799,444 Current accounts with other banks
Penempatan pada bank lain Placements with other
dan Bank Indonesia 19,110,474 - - - - - - 33,536 19,144,010 banks and Bank Indonesia
Efek-efek 837,273 - - - - - - - 837,273 Marketable securities
Obligasi Pemerintah 5,886,306 33,585 - 12,329 - - - - 5,932,220 Government Bonds
Tagihan derivatif 84,759 - 4,623 - 12 1 - 1 89,396 Derivative receivables
Kredit yang diberikan 18,887,927 - 54,549 - - - - - 18,942,476 Loans
Tagihan akseptasi 853,523 65,384 - 14,385 - 452 - 31,112 964,856 Acceptance receivables
Pendapatan bunga yang masih
akan diterima 308,799 317 200 4 - - - 31 309,351 Accrued interest income
Aset lain-lain 3,534 - - - - - - 82 3,616 Other assets
Jumlah aset 48,109,748 1,037,726 651,362 298,073 642,165 27,690 143,941 266,333 51,177,038 Total assets
Liabilitas Liabilities
Liabilitas segera 57,691 213 1,217 291 1,142 2 443 1,267 62,266 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 18,199,023 313,414 384,077 136,234 10,035 176 6,596 23,302 19,072,857 Demand deposits
Tabungan 8,185,818 448,030 503,322 100,672 396,385 4,669 140,938 83,937 9,863,771 Saving deposits
Deposito 15,858,140 1,617 138,737 - 33,003 - - 2,058 16,033,555 Time deposits
Simpanan dari bank lain Deposits from other Banks
Demand and saving
Giro dan tabungan 146,093 4,660 16 50,993 36,305 - 1,420 1,361 240,848 deposits
Inter-bank call money dan Inter-bank call money and
Deposito berjangka 641,443 - - - - - - - 641,443 Time deposits
Liabilitas akseptasi 853,523 65,384 - 14,385 - 452 - 31,112 964,856 Acceptance payables
Liabilitas derivatif 60,222 - 101 5 - - - 132 60,460 Derivative payables
Liabilitas lain-lain - 2,904 1,987 245 22,675 - 3,624 33,967 65,402 Other liabilities
Jumlah liabilitas 44,001,953 836,222 1,029,457 302,825 499,545 5,299 153,021 177,136 47,005,458 Total liabilities
Posisi keuangan On balance sheet
neraca - bersih 4,107,795 201,504 (378,095) (4,752) 142,620 22,391 (9,080) 89,197 4,171,580 financial position - net
Rekening Administrative
administratif - bersih (nilai penuh) 5,158,536 179,799 26,046 11,313 - - - 82,339 5,458,033 accounts - net (full amount)
Halaman – 5/267 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 891
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
54. RISIKO MATA UANG (lanjutan) 54. CURRENCY RISK (continued)
c. Sensitivitas terhadap laba bersih atas perubahan nilai c. Sensitivity to net income to movement of foreign
tukar mata uang asing exchange rates
Tabel di bawah ini mengikhtisarkan sensitivitas laba The table below shows the sensitivity of Bank CIMB
bersih konsolidasian Bank CIMB Niaga dan Entitas Niaga and Subsidiaries consolidated net income to
Anak atas perubahan nilai tukar mata uang asing pada movement of foreign exchange rates as at
tanggal 31 Desember 2023, 2022, dan 2021 atas 31 December 2023, 2022, and 2021:
perubahan nilai tukar mata uang asing yaitu:
2023
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 58,689 (58,689) Impact to net income
2022
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 63,039 (63,039) Impact to net income
2021
Peningkatan/ Penurunan/
Increased by Decreased by
5% 5%
Pengaruh terhadap laba bersih 208,579 (208,579) Impact to net income
Proyeksi di atas mengasumsikan bahwa perubahan The projection assumes that foreign exchange rates
nilai tukar mata uang asing bergerak pada jumlah yang move by the same amount and, therefore, do not
sama sehingga tidak mencerminkan perubahan reflect the potential impact on profit of some rates
potensial kepada laba atas perubahan beberapa nilai changing while others remain unchanged. The
tukar mata uang asing sementara lainnya tidak projection also assumes that all other variables are
berubah. Proyeksi juga mengasumsikan bahwa seluruh held constant and are based on a constant reporting
variabel lainnya adalah konstan dan berdasarkan date position and that all positions run to maturity.
tanggal pelaporan yang konstan serta seluruh posisi
hingga jatuh tempo.
Halaman – 5/268 – Page
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Page 892
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS 55. LIQUIDITY RISK
Kebijakan likuiditas Bank CIMB Niaga didasarkan untuk Bank CIMB Niaga’s liquidity policy is based on ensuring that
memastikan bahwa setiap kebutuhan dana di saat ini, current and future funding requirements can be met both in
maupun di masa datang baik untuk kondisi normal maupun normal or stress condition. In implementation of liquidity risk
kondisi stres dapat dipenuhi. Dalam melaksanakan management, there are some variety of methods, such as:
pengendalian risiko likuiditas, dilakukan dengan beberapa liquidity gap analysis, liquidity stress test analysis, and
pendekatan, yaitu: liquidity gap analysis, liquidity stress test liquidity ratio analysis. Whereas in managing liquidity risk,
analysis, dan liquidity ratio analysis. Dimana untuk Bank CIMB Niaga sets some limits and parameters. Bank
mengendalikan risiko likuiditas tersebut ditetapkan CIMB Niaga is also monitoring the internal and external
beberapa limit dan parameter. Disamping itu dalam indicators in managing liquidity risk. Bank CIMB Niaga also
mengendalikan risiko likuiditas juga dilakukan pemantauan sets contingency funding plan that would be used to handle
atas indikator-indikator internal dan eksternal. Untuk or solve the crisis condition. Appropriate level of liquid
menghadapi kondisi stres juga ditetapkan contingency assets is held to ensure that a prudent level of liquidity is
funding plan untuk penanganan kondisi tersebut. Jumlah maintained at all times. This is in line with Bank Indonesia’s
aset lancar yang memadai dipertahankan untuk menjamin Circular Letter No.11/16/DPNP/2009 regarding liquidity risk
kebutuhan likuiditas yang terkendali setiap waktu. Hal ini management.
semua sejalan dengan Surat Edaran Bank Indonesia
No. 11/16/DPNP/2009 tentang manajemen risiko likuiditas.
Pengelolaan likuiditas dan aset-liabilitas dilakukan dibawah Liquidity and asset-liability management is under the
koordinasi Asset Liability Committee (“ALCO”) yang setiap coordination of the Asset Liability Committee (“ALCO”) who
bulannya melakukan rapat dengan melibatkan unit bisnis, holds monthly meetings involving business units, treasury,
treasuri, kredit, dan unit-unit lain yang relevan, untuk credit, and other relevant units to ensure the achievement
memastikan tercapainya posisi likuiditas pada tingkat yang of the expected liquidity position.
diharapkan.
Pengelolaan likuiditas Bank CIMB Niaga ditekankan pada Bank CIMB Niaga’s liquidity management focuses on cash
penyesuaian arus dana masuk dan keluar. Kesenjangan arus inflow and outflow. The gap in cash flow is anticipated
dana diantisipasi dengan memelihara aset likuid tingkat through managing the first tier liquid assets such as
pertama yang berupa pemeliharaan cadangan wajib serta maintenance of reserve requirements and highly liquid
efek-efek jangka pendek yang sangat likuid. Aset likuid tingkat short-term marketable securities. Second tier liquid assets
dua dipelihara melalui penempatan dana jangka pendek di are managed through short-term placements with other
bank lain, efek-efek, dan Obligasi Pemerintah dalam banks, fair value through other comprehensive income
kelompok nilai wajar melalui penghasilan komprehensif lain. marketable securities, and Government Bonds. Liquidity
Pengelolaan likuiditas juga dilakukan melalui pengelolaan management is also performed through managing the
struktur sumber dana dengan memperhatikan limit structure of funding by implementing proper threshold on the
konsentrasi deposan. Selain itu, Bank CIMB Niaga senantiasa concentrations of depositors. In addition, Bank CIMB Niaga
memelihara kemampuannya untuk melakukan akses ke pasar maintains its ability to access the financial market by
uang dengan memelihara hubungan dengan bank-bank maintaining its relationship with correspondence banks.
koresponden.
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Page 893
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi mengenai The maturity tables below provide information about
perkiraan jatuh tempo dari aset dan liabilitas discounted maturities of discounted assets and liabilities on contractual
sesuai kontrak menjadi arus kas masuk atau keluar pada basis which are converted into cash flow in or out as at
31 Desember 2023, 2022, dan 2021: 31 December 2023, 2022, and 2021:
2023
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 3,928,446 3,928,446 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 13,180,254 13,180,254 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,703,266 2,703,266 - - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 4,541,702 - 4,541,702 - - - - and Bank Indonesia - gross
Efek-efek - bruto 9,403,093 - 166,004 945,809 3,153,399 5,078,432 59,449 Marketable securities - gross
Obligasi Pemerintah 70,596,507 - 107,889 7,539,832 7,403,834 29,254,954 26,289,998 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 - 1,902,370 288,694 2,475,649 492,674 - resale agreements
Tagihan derivatif - bruto 849,014 - 116,781 204,785 157,114 330,932 39,402 Derivative receivables - gross
Kredit yang diberikan - bruto 205,916,550 - 23,259,887 19,599,172 36,885,617 58,941,049 67,230,825 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 7,453,320 - 27,727 610,895 1,716,778 5,073,309 24,611 receivables - gross
Tagihan akseptasi - bruto 1,102,091 - 380,374 524,577 197,140 - - Acceptance receivables - gross
Penyertaan - bruto 4,214 4,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 6,774,736 6,774,736 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,074,656 2,074,656 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 470,293 470,293 - - - - - Foreclosed assets - gross
Uang muka pajak 1,928,984 1,928,984 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 1,377,659 1,377,659 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 3,414,197 - 427,070 218,155 440,378 1,306,283 1,022,311 Accrued interest income
Beban dibayar dimuka 1,195,194 1,195,194 - - - - - Prepaid expenses
Aset lain-lain - bruto 5,136,741 5,136,741 - - - - - Other assets - gross
347,210,304 38,774,443 30,929,804 29,931,919 52,429,909 100,477,633 94,666,596
Cadangan kerugian Allowance for
penurunan nilai (12,841,071) impairment losses
Jumlah 334,369,233 Total
LIABILITAS LIABILITIES
Liabilitas segera 3,581,921 - 3,581,921 - - - - Obligations due immediately
Simpanan dari nasabah 235,861,670 150,632,627 37,667,260 19,256,213 10,243,660 11,237,916 6,823,994 Deposits from customers
Simpanan dari bank lain 1,760,447 1,505,793 141,184 998 109,247 3,225 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 - 20,424,800 2,026 - - - repurchase agreement
Liabilitas derivatif 540,051 - 87,175 59,416 123,690 255,663 14,107 Derivative payables
Liabilitas akseptasi 1,102,091 - 380,374 524,577 197,140 - - Acceptance payables
Efek-efek yang diterbitkan 2,297,702 - - 698,057 909,476 690,169 - Marketable securities isssued
Pinjaman yang diterima 6,288,525 - 769,463 2,621,755 731,063 2,166,244 - Borrowings
Utang pajak 434,853 - 434,853 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 11,041,562 5,688,569 2,000,864 - 3,262,801 89,328 - other liabilities
Liabilitas imbalan kerja 1,540,595 - - - 842,499 - 698,096 Employee benefits obligations
Pinjaman subordinasi 155,619 - - - - 155,619 - Subordinated loans
285,031,862 157,826,989 65,487,894 23,163,042 16,419,576 14,598,164 7,536,197
Perbedaan jatuh tempo 62,178,442 (119,052,546) (34,558,090) 6,768,877 36,010,333 85,879,469 87,130,399 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 49,337,371 impairment losses
Halaman – 5/270 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 894
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi mengenai The maturity tables below provide information about
perkiraan jatuh tempo dari aset dan liabilitas discounted maturities of discounted assets and liabilities on contractual
sesuai kontrak menjadi arus kas masuk atau keluar pada basis which are converted into cash flow in or out as at
31 Desember 2023, 2022, dan 2021: (lanjutan) 31 December 2023, 2022, and 2021: (continued)
2022
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 5,439,398 5,439,398 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 8,985,257 8,985,257 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,748,458 2,748,458 - - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 14,878,602 - 14,878,602 - - - - and Bank Indonesia - gross
Efek-efek - bruto 5,828,093 - 106,540 1,335,611 1,626,304 2,714,663 44,975 Marketable securities - gross
Obligasi Pemerintah 59,199,026 - 1,320 1,818,799 2,748,993 39,114,398 15,515,516 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 510,307 - 510,307 - - - - resale agreements
Tagihan derivatif - bruto 969,308 - 93,363 209,759 322,235 282,652 61,299 Derivative receivables - gross
Kredit yang diberikan - bruto 190,692,190 - 18,822,979 17,315,508 33,812,874 57,594,084 63,146,745 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 5,918,824 - 27,242 508,473 1,454,872 3,924,893 3,344 receivables - gross
Tagihan akseptasi - bruto 2,106,596 - 645,839 952,296 508,461 - - Acceptance receivables - gross
Penyertaan - bruto 4,214 4,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 7,047,668 7,047,668 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,076,820 2,076,820 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 371,090 371,090 - - - - - Foreclosed assets - gross
Uang muka pajak 1,384,932 1,384,932 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 1,685,800 1,685,800 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 2,923,768 - 53,959 127,586 248,464 1,606,245 887,514 Accrued interest income
Beban dibayar dimuka 1,119,629 1,119,629 - - - - - Prepaid expenses
Aset lain-lain - bruto 6,895,953 6,895,953 - - - - - Other assets - gross
320,785,933 37,759,219 35,140,151 22,268,032 40,722,203 105,236,935 79,659,393
Cadangan kerugian Allowance for
penurunan nilai (14,031,634) impairment losses
Jumlah 306,754,299 Total
LIABILITAS LIABILITIES
Liabilitas segera 3,705,094 - 3,705,094 - - - - Obligations due immediately
Simpanan dari nasabah 227,188,557 144,425,552 44,175,647 13,750,129 9,210,391 11,974,984 3,651,854 Deposits from customers
Simpanan dari bank lain 2,506,012 1,146,863 1,239,103 1,723 113,822 2,001 2,500 Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 - 6,062,727 - - - - repurchase agreement
Liabilitas derivatif 701,179 - 39,975 50,467 193,923 364,651 52,163 Derivative payables
Liabilitas akseptasi 2,106,596 - 645,839 952,296 508,461 - - Acceptance payables
Efek-efek yang diterbitkan 1,704,938 - - 287,000 117,929 1,300,009 - Marketable securities isssued
Pinjaman yang diterima 3,425,409 - 129,945 21,598 118,823 3,155,043 - Borrowings
Utang pajak 524,343 - 524,343 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 11,862,848 6,241,124 1,230,620 - 4,144,959 246,145 - other liabilities
Liabilitas imbalan kerja 1,462,022 - - - 820,768 - 641,254 Employee benefits obligations
Pinjaman subordinasi 228,311 - - - - 228,311 - Subordinated loans
261,478,036 151,813,539 57,753,293 15,063,213 15,229,076 17,271,144 4,347,771
Perbedaan jatuh tempo 59,307,897 (114,054,320) (22,613,142) 7,204,819 25,493,127 87,965,791 75,311,622 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 45,276,263 impairment losses
Halaman – 5/271 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 895
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi mengenai The maturity tables below provide information about
perkiraan jatuh tempo dari aset dan liabilitas discounted maturities of discounted assets and liabilities on contractual
sesuai kontrak menjadi arus kas masuk atau keluar pada basis which are converted into cash flow in or out as at
31 Desember 2023, 2022, dan 2021: (lanjutan) 31 December 2023, 2022, and 2021: (continued)
2021
Tidak
mempunyai
kontrak
jatuh tempo/ Kurang dari
Dibayarkan sesuai atau sama
permintaan/ dengan
No contractual 1 bulan/ Lebih dari
maturity/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
ASET ASSETS
Kas 4,548,210 4,548,210 - - - - - Cash
Giro pada Current accounts with
Bank Indonesia 9,291,044 9,291,044 - - - - - Bank Indonesia
Giro pada bank Current accounts with
lain - bruto 2,822,988 2,822,988 - - - - - other banks - gross
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia - bruto 30,353,917 - 28,928,667 1,425,250 - - - and Bank Indonesia - gross
Efek-efek - bruto 10,191,984 - 83,135 419,654 4,343,285 5,339,311 6,599 Marketable securities - gross
Obligasi Pemerintah 60,520,764 - 1,359,304 168,003 3,399,014 44,470,527 11,123,916 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 1,589,656 - 273,499 576,522 739,635 - - resale agreements
Tagihan derivatif - bruto 909,081 - 14,416 33,856 139,414 703,879 17,516 Derivative receivables - gross
Kredit yang diberikan - bruto 177,157,862 - 21,641,274 13,201,752 30,405,447 46,520,410 65,388,979 Loans - gross
Piutang pembiayaan Consumer financing
konsumen - bruto 4,455,558 - 20,532 430,360 1,212,608 2,791,440 618 receivables - gross
Tagihan akseptasi - bruto 2,603,607 - 718,907 1,251,913 632,787 - - Acceptance receivables - gross
Penyertaan - bruto 4,214 4,214 - - - - - Investments - gross
Aset tetap - setelah Fixed assets - net of
dikurangi akumulasi penyusutan 6,622,810 6,622,810 - - - - - accumulated depreciation
Aset tidak berwujud - Intangible assets - net of
setelah dikurangi akumulasi penyusutan 2,033,222 2,033,222 - - - - - accumulated depreciation
Aset yang diambil alih - bruto 369,275 369,275 - - - - - Foreclosed assets - gross
Uang muka pajak 1,461,282 1,461,282 - - - - - Prepaid tax
Aset pajak tangguhan - bersih 1,173,614 1,173,614 - - - - - Deferred tax assets - net
Pendapatan bunga yang masih
akan diterima 2,946,425 - 236,357 97,313 440,073 1,439,221 733,461 Accrued interest income
Beban dibayar dimuka 1,138,706 1,138,706 - - - - - Prepaid expenses
Aset lain-lain - bruto 4,390,698 4,390,698 - - - - - Other assets - gross
324,584,917 33,856,063 53,276,091 17,604,623 41,312,263 101,264,788 77,271,089
Cadangan kerugian Allowance for
penurunan nilai (13,797,957) impairment losses
Jumlah 310,786,960 Total
LIABILITAS LIABILITIES
Liabilitas segera 3,239,391 - 3,239,391 - - - - Obligations due immediately
Simpanan dari nasabah 241,348,510 148,042,439 40,337,048 28,823,559 11,573,970 12,292,828 278,666 Deposits from customers
Simpanan dari bank lain 3,059,451 1,158,196 761,311 1,117,389 20,556 1,999 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 1,262,232 - 1,262,232 - - - - repurchase agreement
Liabilitas derivatif 294,659 - 15,528 25,821 87,544 159,264 6,502 Derivative payables
Liabilitas akseptasi 2,603,607 - 718,907 1,251,913 632,787 - - Acceptance payables
Efek-efek yang diterbitkan 5,369,228 - - - 3,664,832 1,704,396 - Marketable securities isssued
Pinjaman yang diterima 1,973,306 - 769,202 15,486 125,354 1,063,264 - Borrowings
Utang pajak 590,667 - 590,667 - - - - Taxes payable
Beban yang masih harus Accruals expense and
dibayar dan liabilitas lain-lain 6,082,833 1,235,205 1,032,726 - 3,401,258 413,644 - other liabilities
Liabilitas imbalan kerja 1,355,055 - - - 587,655 - 767,400 Employee benefits obligations
Pinjaman subordinasi 226,143 - - - - 226,143 - Subordinated loans
267,405,082 150,435,840 48,727,012 31,234,168 20,093,956 15,861,538 1,052,568
Perbedaan jatuh tempo 57,179,835 (116,579,777) 4,549,079 (13,629,545) 21,218,307 85,403,250 76,218,521 Maturity gap
Posisi neto setelah Net position, net of
cadangan kerugian allowance for
penurunan nilai 43,381,878 impairment losses
Halaman – 5/272 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 896
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari liabilitas sesuai maturities on contractual undiscounted cash flows of
kontrak menjadi arus kas yang undiscounted pada tanggal liabilities as at 31 December 2023, 2022, and 2021:
31 Desember 2023, 2022, dan 2021:
2023
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 3,581,921 - 3,581,921 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 73,372,787 73,372,787 - - - - - Demand deposits
Tabungan 77,578,327 57,815,354 3,212,115 8,737,030 6,691,951 954,371 167,506 Saving deposits
Deposito 85,630,085 - 37,746,071 19,396,762 10,417,506 11,244,725 6,825,021 Time deposits
Simpanan dari bank lain 1,765,401 1,505,795 141,227 1,003 112,985 1,071 3,320 Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 - 20,424,800 2,026 - - - repurchase agreement
Liabilitas derivatif 1,528,249 - 114,862 109,224 429,770 832,169 42,224 Derivative payables
Liabilitas akseptasi 1,102,091 - 380,374 524,577 197,140 - - Acceptance payables
Efek-efek yang diterbitkan 2,312,436 - - 704,455 914,659 693,322 - Marketable securities isssued
Pinjaman yang diterima 6,624,040 - 770,060 2,652,297 767,482 2,434,201 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 11,041,562 5,688,569 2,000,864 - 3,262,801 89,328 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,540,595 - - - 842,499 - 698,096 Employee benefits obligations
Pinjaman subordinasi 180,174 - 1,426 2,698 10,759 165,291 - Subordinated loans
286,684,494 138,382,505 68,373,720 32,130,072 23,647,552 16,414,478 7,736,167
2022
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 3,705,094 - 3,705,094 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 70,448,041 70,448,041 - - - - - Demand deposits
Tabungan 74,200,463 60,162,488 1,600,844 4,840,910 6,351,384 1,057,085 187,752 Saving deposits
Deposito 86,358,165 - 44,249,609 13,839,530 9,353,165 13,458,445 5,457,416 Time deposits
Simpanan dari bank lain 2,510,761 1,146,863 1,240,067 1,729 117,601 4,501 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 6,062,727 - 6,062,727 - - - - repurchase agreement
Liabilitas derivatif 22,125,034 - 682,417 894,808 7,795,453 12,741,420 10,936 Derivative payables
Liabilitas akseptasi 2,106,596 - 645,839 952,296 508,461 - - Acceptance payables
Efek-efek yang diterbitkan 1,710,977 - - 287,223 118,247 1,305,507 - Marketable securities isssued
Pinjaman yang diterima 3,932,583 - 130,196 22,027 124,731 3,655,629 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 11,862,848 6,241,124 1,230,620 - 4,144,959 246,145 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,462,022 - - - 820,768 - 641,254 Employee benefits obligations
Pinjaman subordinasi 274,598 - - 3,499 14,031 257,068 - Subordinated loans
286,759,909 137,998,516 59,547,413 20,842,022 29,348,800 32,725,800 6,297,358
2021
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Liabilitas segera 3,239,391 - 3,239,391 - - - - Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro 75,587,285 75,587,285 - - - - - Demand deposits
Tabungan 73,131,125 52,015,732 1,572,706 9,694,771 8,236,501 1,365,129 246,286 Saving deposits
Deposito 97,270,184 - 40,535,685 29,652,466 12,342,879 14,357,303 381,851 Time deposits
Simpanan dari bank lain 3,063,642 1,158,197 761,636 1,120,081 21,729 1,999 - Deposits from other bank
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 1,262,232 - 1,262,232 - - - - repurchase agreement
Liabilitas derivatif 1,014,701 - 32,907 80,493 268,232 542,887 90,182 Derivative payables
Liabilitas akseptasi 2,603,607 - 718,907 1,251,913 632,787 - - Acceptance payables
Efek-efek yang diterbitkan 5,403,944 - - - 3,693,509 1,710,435 - Marketable securities isssued
Pinjaman yang diterima 2,154,592 - 770,939 15,731 133,583 1,234,339 - Borrowings
Beban yang masih harus
dibayar, liabilitas lain-lain 6,082,833 1,235,205 1,032,726 - 3,401,258 413,644 - Accruals expense and other liabilities
Liabilitas imbalan kerja 1,355,055 - - - 587,655 - 767,400 Employee benefits obligations
Pinjaman subordinasi 296,374 - - - 9,363 287,011 - Subordinated loans
272,464,965 129,996,419 49,927,129 41,815,455 29,327,496 19,912,747 1,485,719
Halaman – 5/273 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 897
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
55. RISIKO LIKUIDITAS (lanjutan) 55. LIQUIDITY RISK (continued)
Tabel jatuh tempo berikut ini menyajikan informasi The maturity tables below provide information about
mengenai perkiraan jatuh tempo dari liabilitas sesuai maturities on contractual undiscounted cash flows of
kontrak menjadi arus kas yang undiscounted pada tanggal liabilities as at 31 December 2023, 2022, and 2021:
31 Desember 2023, 2022, dan 2021: (lanjutan) (continued)
2023
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 12,381,050 - 114,734 215,443 1,628,507 7,796,126 2,626,240 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,625,442 - 503,872 896,812 224,758 - - letters of credit
Garansi yang diterbitkan 5,364,148 - 683,615 883,991 3,029,470 767,072 - Guarantees issued
19,370,640 - 1,302,221 1,996,246 4,882,735 8,563,198 2,626,240
2022
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 11,410,083 - 1,222,389 1,358,087 452,562 5,643,492 2,733,553 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 1,309,897 - 350,397 767,438 192,062 - - letters of credit
Garansi yang diterbitkan 4,832,874 - 508,637 819,588 2,267,848 1,236,801 - Guarantees issued
17,552,854 - 2,081,423 2,945,113 2,912,472 6,880,293 2,733,553
2021
Kurang dari
Dibayarkan atau sama
sesuai dengan 1 bulan/ Lebih dari
permintaan/ Less than >1-≤3 > 3 - ≤ 12 >1-≤5 5 tahun/
Jumlah/ Repayable on or equal bulan/ bulan/ tahun/ More than
Keterangan Total demand 1 month months months years 5 years Description
Fasilitas kredit kepada nasabah Unused loan facilities granted
yang belum ditarik - committed 11,937,004 - 1,186,081 1,688,356 1,611,270 3,262,971 4,188,326 committed -
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 2,285,518 - 715,550 1,316,386 249,680 3,902 - letters of credit
Garansi yang diterbitkan 4,416,040 - 611,361 693,916 2,950,154 160,609 - Guarantees issued
18,638,562 - 2,512,992 3,698,658 4,811,104 3,427,482 4,188,326
56. RISIKO OPERASIONAL 56. OPERATIONAL RISK
Risiko operasional adalah risiko kerugian langsung Operational risk is the risk of direct or indirect loss resulting
ataupun tidak langsung yang terjadi karena tidak from inadequate or failure in internal process, people, and
memadainya atau karena adanya kegagalan proses systems or from external problems that affect Bank CIMB
internal, kesalahan manusia, kegagalan sistem atau Niaga and Subsidiaries operation.
adanya masalah eksternal yang dapat mempengaruhi
operasional Bank CIMB Niaga dan Entitas Anak.
Proses pengkajian risiko dilakukan untuk menilai A risk assessment process is carried out to evaluate the
kecukupan pengendalian internal serta proses identifikasi adequacy of internal control and risk identification and risk
dan pengukuran risiko untuk setiap proses dan produk di measurement in every process and product in each working
masing-masing unit kerja untuk memastikan kepatuhan unit to ensure compliance with the policy, rules, and limits
terhadap kebijakan, peraturan, dan batasan-batasan yang set down by Bank CIMB Niaga’s management.
dibuat oleh manajemen Bank CIMB Niaga.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
56. RISIKO OPERASIONAL (lanjutan) 56. OPERATIONAL RISK (continued)
Unit pengawasan intern melakukan pemantauan yang Internal control units closely review and monitor the process
cermat atas proses di setiap tingkatan atau unit, yang at its respective level or unit, prior and subsequent to each
berlangsung sebelum dan sesudah dilakukannya transaction being carried out.
transaksi.
Pengelolaan risiko operasional juga dilakukan dengan Operational risk management is also performed by
memperkuat aspek keamanan dan kehandalan operasi strengthening the security and operational aspects of
teknologi informasi sehingga kesalahan manusia, fraud, information technology to reduce and prevent human error,
kesalahan proses, dan potensi kegagalan sistem yang fraud, processing errors, and system failure that affect
menyebabkan terganggunya kelangsungan bisnis dapat business continuity.
ditekan dan diantisipasi lebih dini.
Bank CIMB Niaga mengembangkan dan menerapkan Bank CIMB Niaga has developed and implemented several
beberapa sistem dan perangkat Operational Risk systems and tools for Operational Risk Management (ORM).
Management (ORM). Pengembangan yang dilakukan The developments are starting from preventive, adequacy of
mulai dari yang bersifat pencegahan, kecukupan terhadap control toward current condition, until forward looking in
kontrol sesuai dengan kondisi yang dihadapi, hingga yang forecasting for the future probability. Through these
sifatnya forward looking dalam melihat kemungkinan approaches, Bank CIMB Niaga expected to manage the
kejadian di masa depan. Dengan adanya pendekatan ini operational risk comprehensively. One of these processes is
diharapkan Bank CIMB Niaga lebih komprehensif dalam through monthly reporting which both working units and
mengelola risiko di bidang operasional. Salah satu sistem branches are required to report their losses related to
tersebut adalah melalui proses pelaporan bulanan, dimana operational risk. The information is consolidated into a Loss
berbagai unit kerja dan kantor cabang wajib melaporkan Event Database, which is analysed to obtain indicators to
kerugian yang timbul akibat risiko operasional. Informasi ini anticipate repeated trends. Currently, Bank CIMB Niaga is
dikonsolidasikan ke dalam satu Loss Event Database, improving the tools which used to measure and manage
kemudian dianalisis untuk mendapatkan suatu indikasi operational risk by Key Risk Indicator (KRI) and Risk and
atau gambaran yang dipakai untuk mengantisipasi Control Self Assessment (RCSA) and also Business
pengulangan terjadinya kerugian yang sama pada masa Continuity Management (BCM) comprehensively.
datang. Bank CIMB Niaga saat ini melakukan peningkatan
terhadap perangkat yang digunakan untuk mengukur dan
mengelola risiko operasional melalui Key Risk Indicator
(KRI) dan Risk and Control Self Assessment (RCSA) serta
Business Continuity Management (BCM) yang
menyeluruh.
Bank CIMB Niaga mengerahkan upaya terbaik untuk Bank CIMB Niaga performs best effort to manage operational
mengelola risiko operasional dengan memastikan akan risk by ensuring the importance of managing the risk
pentingnya pengelolaan risiko ini ditanamkan pada seluruh embedded at all levels of Bank CIMB Niaga’s organisation.
jajaran organisasi Bank CIMB Niaga. Bank CIMB Niaga Bank CIMB Niaga has fully committed to increase its
berkomitmen penuh untuk meningkatkan kemampuan capability in managing operational risk using several control
pengelolaan risiko operasional melalui penggunaan processes, tools, and sophisticated analysis techniques.
berbagai proses pengendalian, dan perangkat, serta
analisis risiko yang mutakhir.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
57. AKTIVITAS JASA KUSTODIAN 57. CUSTODIAL SERVICES ACTIVITIES
Bank CIMB Niaga memberikan jasa kustodian dan Bank CIMB Niaga provides a full range of custodian services
memperoleh izin jasa kustodian berdasarkan Surat and obtained a license from the Bapepam-LK under its
Keputusan Bapepam-LK No. Kep.71/PM/1991 tanggal Decision Letter No. Kep.71/PM/1991 dated 20 August 1991.
20 Agustus 1991.
Bank CIMB Niaga menyediakan jasa-jasa kustodian Bank CIMB Niaga provides a full range of custodian services,
sebagai berikut: such as:
a. Penyelesaian dan pengelolaan jasa transaksi efek a. Settlement and transaction handling services of
yang berbentuk tanpa warkat; scriptless securities;
b. Penyimpanan dan pengadministrasian efek-efek; b. Safekeeping and administering of securities;
c. Jasa pengurusan hak-hak nasabah yang melekat c. Corporate action services related to the client’s rights on
pada efek-efek (corporate action) yang dimilikinya; its securities;
d. Jasa perwakilan pada rapat umum pemegang d. Proxy services for its customer’s shareholders meetings
saham dan rapat umum pemegang obligasi; and bondholder’s meetings;
e. Jasa sub-registry untuk penyimpanan dan e. Sub-registry services for safekeeping and settlement
penyelesaian transaksi Obligasi Pemerintah dan transactions of Government Bonds and Certificate of
Sertifikat Bank Indonesia; Bank Indonesia;
f. Fund accounting; dan f. Fund Accounting; and
g. Jasa unit registry untuk pengadministrasian produk g. Unit registry service to manage mutual funds and unit
reksadana dan unit link. link.
Aset yang tercatat dalam aktivitas jasa kustodian tidak Assets that are held in this custodial services activity are not
termasuk dalam laporan keuangan konsolidasian ini. included in these consolidated financial statements. Total
Jumlah komisi yang diterima dari pemberian jasa ini fees received from these services for the year ended
selama tahun yang berakhir 31 Desember 2023 adalah 31 December 2023 amounting to Rp 116,534 (2022:
Rp 116.534 (2022: Rp 131.514; 2021: Rp 150.067) Rp 131,514; 2021: Rp 150,067).
58. RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM 58. CAPITAL ADEQUACY RATIO (“CAR”)
(“KPMM”)
Rasio Kewajiban Penyediaan Modal Minimum (“KPMM”) The Capital Adequacy Ratio (“CAR”) is the ratio of Bank
adalah rasio modal Bank CIMB Niaga terhadap Aset CIMB Niaga’s capital over its Risk Weighted Assets (“RWA”).
Tertimbang Menurut Risiko (“Risk Weighted Based on Bank Indonesia regulations, the total capital for
Assets”/”RWA”). Berdasarkan peraturan Bank Indonesia, credit risk consists of core capital (“Tier 1”) and
jumlah modal untuk risiko kredit terdiri dari modal inti (“Tier supplementary capital (“Tier 2”) less investments in
1”) dan modal pelengkap (“Tier 2”) dikurangi penyertaan Subsidiaries.
pada Entitas Anak.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
58. RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM 58. CAPITAL ADEQUACY RATIO (“CAR”) (continued)
(“KPMM”) (lanjutan)
Rasio KPMM (perusahaan induk) pada tanggal The CAR (parent company) as at 31 December 2023, 2022,
31 Desember 2023, 2022, dan 2021 adalah: and 2021 were as follows:
2023 2022 2021
Modal: Capital:
Modal inti (tier 1) 44,080,859 39,935,603 39,379,561 Core capital (tier 1)
Modal pelengkap (tier 2) 2,190,980 2,054,794 1,976,664 Supplementary capital (tier 2)
46,271,839 41,990,397 41,356,225
Dikurangi: Less:
Penyertaan pada Entitas Anak (778,716) (478,716) (478,716) Investments in Subsidiaries
Jumlah modal 45,493,123 41,511,681 40,877,509 Total capital
Aset Tertimbang Menurut Risiko Risk Weighted Assets
Dengan mempertimbangkan risiko With credit and operational
kredit dan operasional 186,741,664 187,181,697 179,793,890 risk charge
Dengan mempertimbangkan risiko With credit, operational, and
kredit, operasional, dan pasar 193,364,392 189,884,292 183,355,999 market risk charge
Rasio Kewajiban Penyediaan
Modal Minimum: Required Capital Adequacy Ratio:
Dengan mempertimbangkan risiko
kredit dan operasional 24.36% 22.18% 22.74% Including credit and operational risk
Dengan mempertimbangkan risiko Including credit, operational,
kredit, operasional, dan pasar 23.53% 21.86% 22.29% and market risk
Rasio Kewajiban Penyediaan Modal Minimum Required Capital Adequacy Ratio
Rasio CET 1 22.39% 20.78% 21.22% CET 1 Ratio
Rasio Tier 1 22.39% 20.78% 21.22% Tier 1 Ratio
Rasio Tier 2 1.13% 1.08% 1.08% Tier 2 Ratio
Capital Conservation Buffer 2.50% 2.50% 0.00% Capital Conservation Buffer
Countercyclical Buffer 0.00% 0.00% 0.00% Countercyclical Buffer
Capital Surcharge untuk D-SIB 1.00% 1.00% 1.00% Capital Surcharge for D-SIB
Rasio Kewajiban Penyediaan Modal
Minimum 9% - <10% 9% - <10% 9% - <10% Required Capital Adequacy Ratio
Rasio CET 1 minimum yang diwajibkan 4.50% 4.50% 4.50% Required minimum CET 1 Ratio
Rasio Tier 1 minimum yang diwajibkan 6.00% 6.00% 6.00% Required minimum Tier 1 Ratio
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
58. RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM 58. CAPITAL ADEQUACY RATIO (“CAR”) (continued)
(“KPMM”) (lanjutan)
Perhitungan Rasio Kewajiban Penyediaan Modal Calculation of Capital Adequacy Ratio in compliance with
Minimum telah sesuai dengan Peraturan Otoritas Jasa Financial Service Authority (“FSA”) Regulation
Keuangan (“OJK”) No. 11/POJK.03/2016 tentang No. 11/POJK.03/2016 concerning "Minimum Capital
"Kewajiban Penyediaan Modal Minimum Bank Umum" Adequacy of Commercial Banks" which effective since
yang berlaku sejak 2 Februari 2016 dan sebagaimana 2 February 2016 as amended by POJK
telah diubah dengan POJK No. 34/POJK.03/2016. No. 34/POJK.03/2016.
Rasio kewajiban penyediaan modal minimum Bank CIMB Bank CIMB Niaga’s minimum capital adequacy ratio on a
Niaga secara konsolidasian pada tanggal 31 Desember consolidated basis as at 31 December 2023, after
2023, dengan memperhitungkan risiko kredit dan considering credit and operational risk is 24.84%
operasional adalah 24,84% (2022: 22,50%; 2021: (2022: 22.50%; 2021: 23.12%) and after considering credit,
23,12%) dan dengan memperhitungkan risiko kredit, operational, and market risk is 24.02% (2022: 22.19%; 2021:
operasional, dan pasar adalah 24,02% (2022: 22,19%; 22.68%).
2021: 22,68%)
Unit Usaha Syariah Sharia Business Unit
Pada tanggal 2 Februari 2006, BI mengeluarkan peraturan On 2 February 2006, BI issued a regulation No. 8/7/PBI/2006
No. 8/7/PBI/2006 tentang “Perubahan atas PBI concerning “Amendment of BI regulation No. 7/13/PBI/2005
No.7/13/PBI/2005 tentang Kewajiban Penyediaan Modal concerning The Minimum Capital Adequacy Requirement for
Minimum Bank Umum berdasarkan Prinsip Syariah” yang Commercial Banks based on Sharia Principles” which
selanjutnya diperbaharui dengan Peraturan OJK (POJK) followed by FSA regulation No.21/POJK.03/2014 dated 18
No.21/POJK.03/2014 tanggal 18 November 2014 tentang November 2014 regarding Minimum Capital Requirement for
Kewajiban Penyediaan Modal Minimum Bank Umum Sharia Bank which effective since 1 January 2015 for Sharia
Syariah yang berlaku sejak 1 Januari 2015 untuk Bank Bank. Based on the regulation, Sharia Unit is required to set
Umum Syariah. Berdasarkan PBI tersebut, Unit Usaha aside the minimum capital of 8% in respect of the Risk
Syariah wajib menyediakan modal minimum sebesar 8% Weighted Assets of business based on Sharia principles.
dari Aset Tertimbang Menurut Risiko dari kegiatan usaha This BI regulation came into force since reporting period of
berdasarkan prinsip Syariah. PBI ini berlaku sejak December 2005.
pelaporan bulan Desember 2005.
Dalam hal modal minimum Unit Usaha Syariah kurang dari If the minimum capital of a Sharia Unit is less than 8% of the
8% dari Aset Tertimbang Menurut Risiko, maka kantor Risk Weighted Assets, the head office of the conventional
pusat bank umum konvensional dari Unit Usaha Syariah commercial bank hosting the Sharia Unit shall top up the
wajib menambah kekurangan modal minimum sehingga shortfall in minimum capital to reach 8% of the Risk Weighted
mencapai 8% dari Aset Tertimbang Menurut Risiko. Risiko Assets. Risks as referred to in the regulation are Credit Risk
yang dimaksud adalah Risiko Kredit dan Risiko Pasar. and Market Risk. To comply with the aforementioned BI
Untuk memenuhi ketentuan peraturan BI ini, pada tanggal regulation, on 29 December 2005, Bank CIMB Niaga’s sharia
29 Desember 2005, Unit Usaha Syariah Bank CIMB Niaga unit has increased its capital contribution with details.
telah menambah penyertaan modalnya secara bertahap.
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PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
58. RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM 58. CAPITAL ADEQUACY RATIO (“CAR”) (continued)
(“KPMM”) (lanjutan)
Unit Usaha Syariah (lanjutan) Sharia Business Unit (continued)
Tanggal Jumlah/Amount Date
30 September 2004 12,500 September 30, 2004
11 November 2005 1,000 November 11, 2005
29 Desember 2005 25,000 December 29, 2005
20 September 2006 10,000 September 20, 2006
27 Desember 2007 51,500 December 27, 2007
17 Mei 2009 15,000 May 17, 2009
22 Maret 2010 135,000 March 22, 2010
30 Juni 2011 100,000 June 30, 2011
9 Desember 2011 100,000 December 9, 2011
31 Agustus 2012 150,000 August 31, 2012
27 September 2012 150,000 September 27, 2012
17 Desember 2012 100,000 December 17, 2012
4 Juli 2013 50,000 July 4, 2013
20 April 2017 400,000 April 20, 2017
20 Juni 2017 200,000 June 20, 2017
15 September 2017 150,000 September 15, 2017
12 Desember 2017 100,000 December 12, 2017
31 Desember 2017 600,000 December 31, 2017
31 Agustus 2018 400,000 August 31, 2018
28 Maret 2019 1,000,000 March 28, 2019
31 Maret 2020 800,000 March 31, 2020
30 Juni 2023 750,000 June 30, 2023
Jumlah 5,300,000 Total
Pada tanggal 31 Desember 2023, rasio KPMM Unit Usaha As at 31 December 2023, Bank CIMB Niaga Sharia Unit’s
Syariah Bank CIMB Niaga tanpa dan dengan CAR without and with market risk charge were 15.30% and
memperhitungkan risiko pasar masing-masing adalah 15.30%, respectively (2022: 15.07% and 15.07%; 2021:
15,30% dan 15,30% (2022: 15,07% dan 15,07%; 2021: 20.39% and 20.39%).
20,39% dan 20,39%).
Sesuai dengan PBI No.8/7/PBI/2006 tentang Kewajiban In accordance with PBI 8/7/PBI/2006, CAR based on Sharia
Penyediaan Modal Minimum Bank Umum berdasarkan Principles only valid until 31 December 2014 and starting
Prinsip Syariah dinyatakan hanya berlaku sampai dengan 1 January 2015, the Bank no longer has an obligation to
31 Desember 2014 maka sejak tanggal 1 Januari 2015, Unit provide CAR pursuant to this. The calculation of CAR Based
Usaha Syariah tidak lagi memiliki kewajiban untuk on Sharia Principles is done only for internal purposes.
menyediakan modal minimum sesuai ketentuan ini.
Perhitungan Kewajiban Penyediaan Modal Minimum Bank
Umum berdasarkan Prinsip Syariah ini dilakukan hanya
untuk kepentingan internal.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
59. STANDAR AKUNTANSI BARU 59. NEW PROSPECTIVE ACCOUNTING STANDARDS
Pernyataan Standar Akuntansi Keuangan (”PSAK”) dan The Statements of Financial Accounting Standards
Interpretasi Standar Akuntansi Keuangan (”ISAK”) yang (“SFAS”) and Interpretation of Financial Accounting
telah disahkan oleh Dewan Standar Akuntansi Keuangan Standards (“ISFAS”) issued by the Board of Financial
(”DSAK”) namun belum berlaku efektif untuk laporan Accounting Standards (“DSAK”) but not yet effective for the
keuangan untuk tahun buku yang dimulai pada tanggal 1 financial statements for the year beginning 1 January 2023
January 2023 adalah sebagai berikut: are as follows:
- Amandemen PSAK 1: “Penyajian Laporan Keuangan - Amendment of SFAS 1: “Presentation of Financial
Tentang Klasifikasi Liabilitas Sebagai Jangka Pendek Statements Regarding The Classification of Liability as
Atau Jangka Panjang”. Current Liability or Non-Current Liability”.
- Amendemen PSAK 73: “Sewa” terkait liabilitas sewa - Amendment of SFAS 73: “Leases” regarding lease
pada transaksi jual dan sewa-balik liabilities in sale-and-lease back transactions.
Standar tersebut akan berlaku efektif pada 1 Januari 2024 The above standards will be effective on 1 January 2024 and
dan penerapan dini diperbolehkan. early adoption is permitted.
- PSAK 74 "Kontrak Asuransi"; - SFAS 74 "Insurance Contract";
- Amandemen PSAK 74: “Kontrak Asuransi” terkait - Amendment of SFAS 74: “Insurance Contract” regarding
Penerapan Awal PSAK 74 dan PSAK 71 - Informasi Initial Application of SFAS 74 and SFAS 71 -
Komparatif. Comparative Information.
Standar tersebut akan berlaku efektif pada 1 Januari 2025. The above standards will be effective on 1 January 2025.
Berlaku efektif setelah tanggal 1 Januari 2024: Effective on 1 January 2024:
Kerangka Standar Pelaporan Keuangan Indonesia (“KSPKI”) Indonesia Financial Reporting Standard Framework
dan perubahan nomor PSAK dan ISAK dalam Standar (“KSPKI”) and amendement to SFAS and IFAS number in
Akuntansi Keuangan Indonesia (sebelumnya Standar the Indonesian Financial Accounting Standards (formerly
Akuntansi Keuangan), berlaku efektif tanggal 1 Januari Financial Accounting Standards), are effective on 1 January
2024. KSPKI mengatur pilar SAK yang berlaku di Indonesia, 2024. KSPKI regulate the SFAS pillars, criteria and shifting
kriteria, dan perpindahan antar pilar SAK, sedangkan between pillars that apply in Indonesia, while amendement
perubahan nomor mengatur ketentuan penomoran PSAK to SFAS and IFAS number determine the number for SFAS
dan ISAK yang mengacu pada IFRS Accounting Standards, and IFAS which refering to IFRS Accounting Standards,
lokal, dan syariah local accounting standards, and syariah accounting
standards.
Pada saat penerbitan laporan keuangan konsolidasian, Bank As at the authorisation date of these consolidated financial
CIMB Niaga dan Entitas Anak masih mengevaluasi dampak statements, Bank CIMB Niaga and Subsidiaries are still
yang mungkin timbul dari penerapan standar baru dan revisi evaluating the potential impact of these new and revised
tersebut terhadap laporan keuangan. standards to the consolidated financial statements.
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DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
60. PERJANJIAN-PERJANJIAN SIGNIFIKAN 60. SIGNIFICANT AGREEMENTS
Bank CIMB Niaga melakukan kerjasama dengan pihak- Bank CIMB Niaga enters into agreement with other parties
pihak lain dalam menjalankan aktivitas usahanya. Berikut in conducting their business activities. The followings are the
perjanjian/ perikatan penting dengan pihak-pihak ketiga: significant agreements with third parties:
1. Pada tanggal 7 April 2008, Bank CIMB Niaga 1. On 7 April 2008, Bank CIMB Niaga entered into an
menandatangani perjanjian sewa dengan PT Niaga office space lease agreement with PT Niaga
Manajemen Citra untuk bangunan yang berlokasi di Manajemen Citra for building which located at Griya
Gedung Griya Niaga 2, Jl. Wahid Hasyim Blok B.4 No.3,
Bintaro Jaya Sektor VII Tangerang selama Niaga 2 Building, Jl. Wahid Hasyim Blok B.4 No.3,
29 (dua puluh sembilan) tahun. Total uang sewa selama Bintaro Jaya Sector VII Tangerang for 29 (twenty nine)
jangka waktu sewa adalah Rp 181.000 yang akan years. Rental fees for this rent amounting to Rp 181,000
dibayarkan dalam 11 (sebelas) tahap pembayaran. which paid-in 11 (eleven) payment term. Prior to the
Sebelum penandatanganan perjanjian ini, telah signing of this agreement, it was agreed to make a
disepakati untuk dilakukan pembayaran deposit sewa rental deposit payment in advance of Rp 5,650 which
terlebih dahulu sebesar Rp 5.650 yang dibayarkan was paid on 27 March 2007. The rental deposit is also
pada tanggal 27 Maret 2007. Deposit sewa tersebut the first installment of this lease agreement. The last
juga merupakan pembayaran tahap pertama atas
perjanjian sewa ini. Pembayaran tahap terakhir installment payment was paid-in January 2009. On
dilakukan pada Januari 2009. Pada tanggal 30 Oktober 30 October 1997, Bank CIMB Niaga signed the first
1997, Bank CIMB Niaga pertama kali menandatangani lease agreement with PT Niaga Manajemen Citra for a
perjanjian sewa dengan PT Niaga Manajemen Citra building located at Griya Niaga 1 Building, Jl. Wahid
untuk bangunan yang berlokasi di Gedung Griya Niaga Hasyim Blok B.4 No. 3, Bintaro Jaya Sector VII
1, Jl. Wahid Hasyim Blok B.4 No. 3, Bintaro Jaya Sektor Tangerang, this lease agreement has been extended
VII Tangerang, perjanjian sewa ini telah diperpanjang with the latest extension on 15 January 2018, with a
dengan perpanjangan terakhir dilakukan pada tanggal
15 Januari 2018, dengan jangka waktu sewa hingga rental period of up to 31 December 2023, with a rental
31 Desember 2023, dengan harga sewa sebesar price of Rp 121,300 (in full amount) per m2 per month.
Rp 121.300 (dalam rupiah penuh) per m2 per bulan. The rental agreement extension is still in progress.
Perpanjangan perjanjian sewa masih dalam diproses.
2. Pada bulan Maret 2016, Bank CIMB Niaga 2. In March 2016, Bank CIMB Niaga entered into
menandatangani perjanjian bancassurance dengan bancassurance agreement with PT Sunlife Financial
PT Sunlife Financial Indonesia untuk menjual produk Indonesia to sell Sun Life’s insurance products through
asuransi Sun Life melalui jaringan distribusi Bank. the Bank distribution channel. The agreement valid up
Perjanjian kerjasama ini berlaku sampai dengan to 12 April 2033. The agreement has been revised with
tanggal 12 April 2033. Perjanjian tersebut telah direvisi re-signing on 5 April 2022. The new agreement is valid
dengan penandatanganan kembali pada tanggal until 31 December 2039.
5 April 2022. Perjanjian baru ini berlaku sampai dengan
31 Desember 2039.
3. Pada bulan Desember 2016, Bank CIMB Niaga 3. In December 2016, Bank CIMB Niaga entered into
menandatangani perjanjian bancassurance dengan bancassurance agreement with PT CIMB Niaga Auto
PT CIMB Niaga Auto Finance, PT Sompo Insurance Finance, PT Sompo Insurance Indonesia and Sompo
Indonesia dan Sompo Japan Nipponkoa Insurance Inc. Japan Nipponkoa Insurance Inc. to sell Sompo’s
untuk menjual produk asuransi Sompo melalui jaringan insurance products through the Bank distribution
distribusi Bank. Perjanjian kerjasama ini berlaku sampai channel. The agreement valid up to 31 December
dengan tanggal 31 Desember 2035; 2035;
4. Pada bulan Juni 2011, Bank CIMB Niaga 4. In June 2011, Bank CIMB Niaga entered into
menandatangani perjanjian bancassurance dengan bancassurance agreement with PT AIA Financial to
PT AIA Financial untuk menjual produk asuransi AIA sell AIA’s insurance products through the Bank
melalui jaringan distribusi Bank. Perjanjian kerjasama distribution channel. The agreement valid up to
ini berlaku sampai dengan tanggal 15 Desember 2024. 15 December 2024.
Halaman – 5/281 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 905
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
61. INFORMASI TAMBAHAN 61. ADDITIONAL INFORMATION
Sesuai dengan Surat dari BI No. 10/57/DpG/DPbS tanggal In accordance with Letter from BI No. 10/57/DpG/DPbS dated
27 Mei 2008 perihal “Penyeragaman Nama Produk dan Jasa 27 May 2008 regarding “Harmonisation of Sharia Banking
Perbankan Syariah”, mulai bulan September 2008, semua Products and Services”, starting September 2008, all Sharia
produk/jasa perbankan Syariah diseragamkan menjadi banking products/services are harmonised as Islamic
Islamic Banking (“iB”). Banking (“iB”).
Informasi keuangan unit usaha Syariah pada tanggal Financial information of Sharia business unit as at
31 Desember 2023, 2022, dan 2021 adalah: 31 December 2023, 2022, and 2021 were as follows:
2023 2022 2021
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
ASET ASSETS
Kas 50,463 42,353 36,741 Cash
Penempatan pada Bank Indonesia 3,530,408 8,281,470 12,158,334 Placements with Bank Indonesia
Surat berharga yang dimiliki 4,925,260 5,727,260 10,027,534 Sharia marketable securities
Pembiayaan berbasis piutang 5,892,575 4,800,880 3,364,368 Receivables based financing
Pembiayaan bagi hasil 48,207,237 41,658,936 33,137,885 Profit sharing financing
Pembiayaan sewa 1,141,479 734,966 465,356 Lease receivable
Aset produktif lainnya 533,375 649,390 90,296 Other earning assets
Cadangan kerugian penurunan nilai aset produktif -/- (1,570,061) (1,199,307) (623,313) Allowance for impairment losses on financial assets -/-
Aset tetap dan inventaris 15,631 18,128 17,140 Fixed assets and equipment
Aset non-produktif - 2,741 - Non-earning assets
Aset lain-lain *) 20,873 2,240,573 576,751 Other assets *)
JUMLAH ASET 62,747,240 62,957,390 59,251,092 TOTAL ASSETS
LIABILITAS LIABILITIES
Dana simpanan wadiah 8,830,173 7,171,366 6,315,884 Wadiah deposits
Dana investasi non profit sharing 36,085,958 32,336,530 35,196,109 Non-profit sharing investment funds
Liabilitas kepada Bank Indonesia - 933,390 - Liabilities to Bank Indonesia
Liabilitas kepada bank lain 77,163 77,578 104,685 Obligations to other banks
Surat berharga yang diterbitkan 820,000 1,105,621 2,039,866 Marketable securities issued
Liabilitas lainnya 247,697 437,910 384,685 Other obligations
Dana usaha 16,698,409 20,917,437 13,389,719 Operating funds
Saldo laba/rugi (12,160) (22,442) 1,820,144 Retained earnings
JUMLAH LIABILITAS 62,747,240 62,957,390 59,251,092 TOTAL LIABILITIES
*) Untuk periode 31 Desember 2022, aset lain-lain termasuk For the period ended 31 December 2022, other assets *)
piutang salam included salam receivable ...
- - -
Informasi keuangan unit usaha Syariah pada tanggal Financial information of Sharia business unit as at
31 Desember 2023, 2022, dan 2021 adalah: 31 December 2023, 2022, and 2021 were as follows:
2023 2022 2021
LAPORAN LABA RUGI STATEMENTS OF INCOME
Pendapatan operasional 4,917,548 3,556,484 3,111,372 Operating income
Pendapatan yang dibagihasilkan (2,679,161) (1,597,072) (1,211,801) Revenue sharing distribution
Pendapatan setelah distribusi bagi hasil 2,238,387 1,959,412 1,899,571 Income after revenue sharing distribution
Jumlah pendapatan/beban operasional lainnya (327,128) (445,007) (79,632) Total other operating income/expenses
Laba operasional - bersih 1,911,259 1,514,405 1,819,939 Operating income - net
Pendapatan non-operasional - bersih 3,800 (64) 205 Non-operating income - net
Laba bersih 1,915,059 1,514,341 1,820,144 Net income
Termasuk dalam pembiayaan berbasis piutang, pembiayaan Included in receivables based financing, profit sharing
bagi hasil dan pembiayaan sewa pada tanggal financing and lease receivables as at 31 December 2023 is
31 Desember 2023 adalah penempatan pada bank lain placement with other banks amounting to Rp 245,934
sebesar Rp 245.934 (2022: Rp 259.413; 2021: Rp 247.933). (2022: Rp 259.413; 2021: Rp 247,933).
Halaman – 5/282 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 906
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
62. NILAI TERCATAT INSTRUMEN KEUANGAN 62. THE CARRYING AMOUNT OF FINANCIAL
INSTRUMENTS
Berikut ini adalah nilai tercatat instrumen keuangan Bank The carrying amount of Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak pada tanggal 31 Desember financial instruments as at 31 December 2023, 2022 and
2023, 2022, dan 2021: 2020 were as follows:
2023 2022 2021
ASET KEUANGAN FINANCIAL ASSETS
Kas 3,928,446 5,439,398 4,548,210 Cash
Giro pada Bank Indonesia 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain - bersih 2,703,266 2,748,458 2,822,988 Current accounts with other banks - net
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
Nominal - bersih 4,532,988 14,869,794 30,345,785 Nominal - net
Pendapatan bunga yang masih akan diterima 1,212 1,128 868 Accrued interest income
Jumlah tercatat 4,534,200 14,870,922 30,346,653 Carrying amount
Efek-efek Marketable securities
Nominal - bersih 9,363,933 5,809,665 10,175,922 Nominal - net
Pendapatan bunga yang masih akan diterima 75,353 46,439 78,594 Accrued interest income
Jumlah tercatat 9,439,286 5,856,104 10,254,516 Carrying amount
Obligasi pemerintah Government Bonds
Nominal - bersih 70,596,507 59,199,026 60,520,764 Nominal - net
Pendapatan bunga yang masih akan diterima 1,095,538 858,823 799,036 Accrued interest income
Jumlah tercatat 71,692,045 60,057,849 61,319,800 Carrying amount
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
Nominal - bersih 5,159,387 510,307 1,589,656 Nominal - net
Pendapatan bunga yang masih akan diterima 204,933 1,035 23,012 Accrued interest income
Jumlah tercatat 5,364,320 511,342 1,612,668 Carrying amount
Tagihan derivatif - bersih 849,014 969,308 909,081 Derivative receivables - net
Kredit yang diberikan Loans
Nominal - bersih 194,010,843 177,605,340 164,089,257 Nominal - net
Pendapatan bunga yang masih akan diterima 2,037,162 2,016,343 2,044,915 Accrued interest income
Jumlah tercatat 196,048,005 179,621,683 166,134,172 Carrying amount
Piutang pembiayaan konsumen -
bersih 7,311,544 5,808,289 4,388,529 Consumer financing receivables - net
Tagihan akseptasi - bersih 1,093,453 2,086,763 2,564,041 Acceptance receivables - net
Penyertaan - bersih 3,659 3,659 3,659 Investments - net
Aset lain-lain - bersih 3,555,231 5,410,332 3,418,554 Other assets - net
Jumlah Aset Keuangan 319,702,723 292,369,364 297,613,915 Total Financial Assets
Halaman – 5/283 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 907
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
62. NILAI TERCATAT INSTRUMEN KEUANGAN (lanjutan) 62. THE CARRYING AMOUNT OF FINANCIAL
INSTRUMENTS (continued)
Berikut ini adalah nilai tercatat instrumen keuangan Bank The carrying amount of Bank CIMB Niaga and Subsidiaries
CIMB Niaga dan Entitas Anak pada tanggal 31 Desember financial instruments as at 31 December 2023, 2022 and
2023, 2022, dan 2021: (lanjutan) 2021 were as follows: (continued)
2023 2022 2021
LIABILITAS KEUANGAN FINANCIAL LIABILITIES
Liabilitas segera 3,581,921 3,705,094 3,239,391 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Nominal 235,861,670 227,188,557 241,348,510 Nominal
Bunga yang masih harus dibayar 228,314 168,199 195,112 Accrued interest
Jumlah tercatat 236,089,984 227,356,756 241,543,622 Carrying amount
Simpanan dari bank lain Deposits from other banks
Nominal 1,760,447 2,506,012 3,059,451 Nominal
Bunga yang masih harus dibayar 434 304 318 Accrued interest
Jumlah tercatat 1,760,881 2,506,316 3,059,769 Carrying amount
Efek-efek yang dijual dengan janji dibeli kembali Securities sold under repurchase agreement
Nominal 20,426,826 6,062,727 1,262,232 Nominal
Bunga yang masih harus dibayar 20,593 99 761 Accrued interest
Jumlah tercatat 20,447,419 6,062,826 1,262,993 Carrying amount
Liabilitas derivatif 540,051 701,179 294,659 Derivative payables
Liabilitas akseptasi 1,102,091 2,106,596 2,603,607 Acceptance payables
Efek-efek yang diterbitkan Marketable securities issued
Nominal 2,297,702 1,704,938 5,369,228 Nominal
Bunga yang masih harus dibayar 5,498 6,039 34,716 Accrued interest
Jumlah tercatat 2,303,200 1,710,977 5,403,944 Carrying amount
Pinjaman yang diterima Borrowings
Nominal 6,288,525 3,425,409 1,973,306 Nominal
Bunga yang masih harus dibayar 23,552 8,316 3,153 Accrued interest
Jumlah tercatat 6,312,077 3,433,725 1,976,459 Carrying amount
Pinjaman subordinasi Subordinated loans
Nominal 155,619 228,311 226,143 Nominal
Bunga yang masih harus dibayar 1,181 2,125 2,125 Accrued interest
Jumlah tercatat 156,800 230,436 228,268 Carrying amount
Beban yang masih harus dibayar Accruals expenses
dan liabilitas lain-lain 1,199,220 871,462 1,423,906 and other liabilities
Jumlah Liabilitas Keuangan 273,493,644 248,685,367 261,036,618 Total Financial Liabilities
Halaman – 5/284 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 908
PT BANK CIMB NIAGA Tbk
DAN ENTITAS ANAK/AND SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
63. SALING HAPUS 63. OFFSETTING
Pada tanggal 31 Desember 2023, 2022, dan 2021, tidak As at 31 December 2023, 2022, and 2021, there is no
terdapat aset dan liabilitas keuangan yang saling hapus financial assets and liabilities that are subject to offsetting in
pada laporan posisi keuangan konsolidasian. the consolidated statement of financial position.
Bank memiliki kredit yang diberikan yang dijamin dengan The Bank has loans collateralised by cash collateral (Note
jaminan tunai (Catatan 12k), yang menjadi subyek untuk 12k), which are subject to enforceable netting arrangements
memenuhi netting arrangements dan perjanjian serupa, and similar agreements that are not set off in the statements
yang tidak saling hapus pada laporan posisi keuangan. of financial position.
64. PERISTIWA SETELAH TANGGAL NERACA 64. SUBSEQUENT EVENTS
Pada tanggal 31 Januari 2024, sesuai dengan persetujuan As at 31 January 2024, in accordance with the approval of
dari Pemegang Saham Independen Bank pada Rapat the Bank Bank
Bank Extraordinary General Meeting of Shareholders ("EGMS") on
tanggal 11 Januari 2024, Bank CIMB Niaga melaksanakan 11 January 2024, Bank CIMB Niaga conducted a Capital
Penambahan Modal Tanpa Memberikan Hak Memesan Increase without Pre-emptive Rights/Non Pre-Emptive Right
Efek Terlebih Dahulu ( PMTHMETD ) sebanyak Issue ( NPR ) of 10,599,000 (full amount) shares. All
10.599.000 (nilai penuh) lembar saham. Seluruh dana proceeds of the NPR will be used to finance business
hasil pelaksanaan PMTHMETD tersebut akan digunakan expansion in the form of lending to all of the Bank's business
untuk pembiayaan ekspansi kegiatan usaha dalam bentuk segments, including the Consumer, Corporate, Commercial,
penyaluran kredit di seluruh segmen bisnis Bank, and SME segment, both conventional banking and sharia
diantaranya termasuk segmen Konsumer, Korporat, banking, but excluding Subsidiaries.
Komersial, dan UKM baik perbankan konvensional
maupun perbankan syariah, namun tidak termasuk
Perusahaan Anak.
Penambahan Modal Tanpa Memberikan Hak Memesan The Non Pre-Emptive Right Issue ( NPR ) has received the
Efek Terlebih Dahulu ( PMTHMETD ) tersebut telah Additional Share Listing Approval letter from PT Bursa Efek
mendapatkan surat Persetujuan Pencatatan Saham Indonesia No.S01142/BEI.PP1/01-2024 dated 30 January
Tambahan dari PT Bursa Efek Indonesia 2024.
No.S-01142/BEI.PP1/01-2024 tanggal 30 Januari 2024.
Sampai dengan tanggal diterbitkannya laporan keuangan Until the released date of audited consolidated financial
konsolidasian auditan ini, Bank CIMB Niaga telah statement, Bank CIMB Niaga have released the remaining
mengalihkan sisa saham treasuri sebanyak treasury shares are 100,148,782 (full amount) shares.
100.148.782 (nilai penuh) lembar saham.
Terdapat penjualan kredit restrukturisasi ke pihak ketiga There was restructured loan sale to third party with principal
dengan nilai pokok terutang sebesar Rp 883.584 pada outstanding as amounted to Rp 883,584 in the beginning of
awal bulan Februari 2024. February 2024.
65. INFORMASI KEUANGAN TAMBAHAN 65. SUPPLEMENTARY FINANCIAL INFORMATION
Bank menerbitkan laporan keuangan konsolidasian yang The Bank published the consolidated financial statements as
merupakan laporan keuangan utama. Informasi keuangan its primary financial statements. The supplementary financial
tambahan PT Bank CIMB Niaga Tbk (Entitas Induk) ini, information of PT Bank CIMB Niaga Tbk (Parent Entity),
dimana Bank CIMB Niaga membukukan investasi pada where Bank CIMB Niaga book investment in Subsidiaries
Entitas Anak dengan menggunakan metode biaya sesuai using the cost method in accordance with PSAK 4 (2015),
dengan PSAK 4 (2015), disajikan untuk dapat
menganalisis hasil usaha entitas induk saja. Informasi operations can be analysed. The following supplementary
keuangan tambahan PT Bank CIMB Niaga Tbk (Entitas financial information of PT Bank CIMB Niaga Tbk (Parent
Induk) (halaman 5/286 5/296) berikut ini harus dibaca Entity) (pages 5/286 5/296) should be read in conjuction
bersamaan dengan laporan keuangan konsolidasian with the consolidated financial statements of PT Bank CIMB
PT Bank CIMB Niaga Tbk dan Entitas Anak. Niaga Tbk and Subsidiaries.
Halaman 5/285 Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 909
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
ASET ASSETS
Kas 3,928,228 5,439,031 4,547,588 Cash
Giro pada Bank Indonesia 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain 2,501,677 2,720,778 2,811,291 Current accounts with other banks
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai - - - impairment losses
2,501,677 2,720,778 2,811,291
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia 4,541,702 14,878,602 30,353,917 and Bank Indonesia
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,714) (8,808) (8,132) impairment losses
4,532,988 14,869,794 30,345,785
Efek-efek 9,403,093 5,828,093 10,191,984 Marketable securities
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (39,160) (18,428) (16,062) impairment losses
9,363,933 5,809,665 10,175,922
Obligasi Pemerintah 70,596,507 59,199,026 60,520,764 Government Bonds
Efek-efek yang dibeli dengan janji Securities purchased under
dijual kembali 5,159,387 510,307 1,589,656 resale agreements
Tagihan derivatif 849,014 969,308 909,081 Derivative receivables
Kredit yang diberikan Loans
Pihak berelasi 1,109,901 841,755 1,101,944 Related parties
Pihak ketiga 205,695,793 190,505,896 176,954,254 Third parties
206,805,694 191,347,651 178,056,198
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (11,905,707) (13,086,850) (13,068,605) impairment losses
Jumlah kredit yang diberikan 194,899,987 178,260,801 164,987,593 Total loans
Tagihan akseptasi 1,102,091 2,106,596 2,603,607 Acceptance receivables
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (8,638) (19,833) (39,566) impairment losses
1,093,453 2,086,763 2,564,041
Penyertaan 782,930 482,930 482,930 Investments
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (555) (555) (555) impairment losses
782,375 482,375 482,375
Aset tetap 9,426,276 9,610,399 9,151,301 Fixed assets
Dikurangi: Akumulasi penyusutan (2,730,888) (2,638,721) (2,609,605) Less: Accumulated depreciation
6,695,388 6,971,678 6,541,696
Aset takberwujud 4,306,093 4,202,520 3,712,930 Intangible assets
Dikurangi: Akumulasi amortisasi (2,252,619) (2,145,720) (1,683,857) Less: Accumulated amortisation
2,053,474 2,056,800 2,029,073
Aset yang diambil alih 332,918 347,577 351,130 Foreclosed assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (223,225) (131,561) (138,421) impairment losses
109,693 216,016 212,709
Uang muka pajak 1,706,534 1,129,720 1,166,379 Prepaid taxes
Aset pajak tangguhan - bersih 1,368,468 1,634,103 1,152,307 Deferred tax assets - net
Pendapatan bunga yang masih akan diterima 3,417,848 2,925,369 2,947,623 Accrued interest income
Beban dibayar dimuka 1,180,308 1,112,532 1,137,465 Prepaid expenses
Aset lain-lain 5,024,557 6,786,591 4,283,600 Other assets
Dikurangi: Cadangan kerugian Less: Allowance for
penurunan nilai (502,708) (650,087) (452,381) impairment losses
4,521,849 6,136,504 3,831,219
JUMLAH ASET 327,941,365 301,515,827 307,243,611 TOTAL ASSETS
Halaman – 5/286 – Page
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PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 910
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 3,556,053 3,688,971 3,228,295 Obligations due immediately
Simpanan dari nasabah Deposits from customers
Giro Demand deposits
Pihak berelasi 1,167,267 588,165 461,984 Related parties
Pihak ketiga 72,907,990 70,109,912 75,277,509 Third parties
74,075,257 70,698,077 75,739,493
Tabungan Saving deposits
Pihak berelasi 253,790 239,909 171,526 Related parties
Pihak ketiga 77,177,034 73,845,627 72,393,607 Third parties
77,430,824 74,085,536 72,565,133
Deposito berjangka Time deposits
Pihak berelasi 68,033 37,237 29,422 Related parties
Pihak ketiga 85,161,010 82,725,768 93,276,649 Third parties
85,229,043 82,763,005 93,306,071
Jumlah simpanan nasabah 236,735,124 227,546,618 241,610,697 Total deposits from customers
Simpanan dari bank lain Deposits from other banks
Giro dan tabungan 1,505,795 1,146,863 1,158,196 Demand and saving deposits
Inter-bank call money dan Inter-bank call money and
deposito berjangka 254,652 1,359,149 1,901,255 time deposits
1,760,447 2,506,012 3,059,451
Efek-efek yang dijual dengan janji Securities sold under
dibeli kembali 20,426,826 6,062,727 1,262,232 repurchase agreement
Liabilitas derivatif 540,051 701,179 294,659 Derivative payables
Liabilitas akseptasi 1,102,091 2,106,596 2,603,607 Acceptance payables
Efek-efek yang diterbitkan 1,300,476 1,704,938 5,369,228 Marketable securities issued
Pinjaman yang diterima 2,463,520 - - Borrowings
Utang pajak Tax payables
- Pajak penghasilan badan 163,942 249,103 337,168 Corporate income tax -
- Pajak lain-lain 257,571 206,946 178,188 Other taxes -
421,513 456,049 515,356
Beban yang masih harus dibayar Accruals and other
dan liabilitas lain-lain liabilities
- Beban yang masih harus dibayar 3,108,506 3,777,659 3,078,170 Accruals -
- Liabilitas lain-lain 7,438,935 7,580,789 2,505,142 Other liabilities -
10,547,441 11,358,448 5,583,312
Liabilitas imbalan kerja 1,473,143 1,391,887 1,272,909 Employee benefit obligations
Pinjaman subordinasi 155,619 228,311 226,143 Subordinated loans
JUMLAH LIABILITAS 280,482,304 257,751,736 265,025,889 TOTAL LIABILITIES
Halaman – 5/287 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 911
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
EKUITAS EQUITY
Modal saham Share capital
Modal dasar 71.853.936 Authorised capital 71,853,936
saham biasa kelas A, dengan class A ordinary shares with
nilai nominal Rp 5.000 (nilai penuh) par value of Rp 5,000 (full
per saham dan 50.814.606.400 amount) per share, and
saham biasa kelas B, 50,814,606,400 class B
dengan nilai nominal Rp 50 ordinary shares with par value
(nilai penuh) per saham of Rp 50 (full amount) per share
Modal ditempatkan dan disetor penuh Issued and fully paid
71.853.936 lembar saham biasa kelas A dan 71,853,936 class A ordinary shares and
25.059.752.907 lembar saham biasa kelas B and 25,059,752,907 class B ordinary shares
pada tanggal 31 Desember 2023, 2022 dan 2021 1,612,257 1,612,257 1,612,257 as at 31 December 2023, 2022 and 2021
Tambahan modal disetor 7,068,257 7,033,450 7,033,450 Additional paid in capital
Saham treasuri (135,104) (249,459) (252,477) Treasury shares
Cadangan kompensasi berbasis saham 137,123 137,105 115,025 Share-based compensation reserve
Selisih penilaian kembali aset tetap 4,181,209 4,180,033 3,422,692 Reserve on revaluation of fixed assets
(Kerugian)/keuntungan yang belum direalisasi atas efek-efek Unrealised (losses)/gains of marketable securities
dan obligasi pemerintah dalam kelompok nilai wajar melalui and government bonds on fair value through
penghasilan komprehensif lain - bersih (879,270) (1,148,728) 461,557 other comprehensive income - net
Cadangan umum dan wajib 351,538 351,538 351,538 General and statutory reserve
Saldo laba 35,123,051 31,847,895 29,473,680 Retained earnings
JUMLAH EKUITAS 47,459,061 43,764,091 42,217,722 TOTAL EQUITY
JUMLAH LIABILITAS
DAN EKUITAS 327,941,365 301,515,827 307,243,611 TOTAL LIABILITIES AND EQUITY
Halaman – 5/288 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 912
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
PENDAPATAN DAN BEBAN INCOME AND EXPENSES
OPERASIONAL FROM OPERATIONS
Pendapatan bunga 16,253,314 14,590,238 15,136,107 Interest income
Pendapatan syariah 4,917,548 3,556,484 3,111,372 Sharia income
Beban bunga (5,996,945) (3,849,951) (4,481,907) Interest expense
Beban syariah (2,679,161) (1,597,072) (1,211,801) Sharia expense
Penghasilan bunga dan syariah - bersih 12,494,756 12,699,699 12,553,771 Net interest and sharia income
Pendapatan operasional lainnya Other operating income
Provisi dan komisi lainnya 2,931,115 2,181,571 2,096,115 Other fees and commissions
Keuntungan/(kerugian) transaksi mata uang asing 176,982 (472,929) (92,521) Foreign exchange gains/(losses)
Lain-lain 426,683 698,591 332,242 Others
Jumlah pendapatan operasional lainnya 3,534,780 2,407,233 2,335,836 Total other operating income
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial
dan nonkeuangan - bersih (1,646,418) (3,572,274) (4,060,485) and non-financial assets - net
Keuntungan dari instrumen keuangan yang Gains from financial instruments measured
diukur pada nilai wajar melalui laba rugi - bersih 1,097,419 1,953,932 806,565 at fair value through profit or loss - net
Keuntungan dari penjualan efek-efek - bersih 525,971 740,559 1,122,189 Gains from sale of marketable securities - net
Beban operasional lainnya Other operating expenses
Beban tenaga kerja (4,720,198) (4,444,005) (4,233,255) Personnel expenses
Beban umum dan administrasi (3,488,882) (3,590,292) (3,584,707) General and administrative expenses
Lain-lain (18,972) (49,546) (104,265) Others
Jumlah beban operasional lainnya (8,228,052) (8,083,843) (7,922,227) Total other operating expenses
LABA OPERASIONAL BERSIH 7,778,456 6,145,306 4,835,649 NET OPERATING INCOME
PENDAPATAN BUKAN OPERASIONAL INCOME FROM NON-OPERATIONS
Pendapatan bukan operasional - bersih 112,892 32,592 97,959 Non-operating income - net
LABA SEBELUM PAJAK INCOME BEFORE
PENGHASILAN 7,891,348 6,177,898 4,933,608 INCOME TAX
BEBAN PAJAK PENGHASILAN (1,722,625) (1,391,495) (1,024,132) INCOME TAX EXPENSE
LABA BERSIH 6,168,723 4,786,403 3,909,476 NET INCOME
Halaman – 5/289 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 913
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
Laba bersih 6,168,723 4,786,403 3,909,476 Net income
Penghasilan komprehensif lain: Other comprehensive income:
Pos-pos yang tidak akan direklasifikasi ke laba rugi Items that will not be reclassified to profit or loss
Remeasurement of post-employment
Pengukuran kembali atas program imbalan pasti - benefits obligation -
kerugian aktuarial (27,853) (85,259) - actuarial loss
Selisih penilaian kembali aset tetap 1,176 757,274 3,810 Reserve on revaluation of fixed assets
(26,677) 672,015 3,810
Pajak penghasilan terkait pos-pos yang tidak Income tax relating to items that will not be
akan direklasifikasi ke laba rugi 6,128 18,824 - reclassified to profit or loss
(20,549) 690,839 3,810
Pos-pos yang akan direklasifikasi ke laba rugi Item that will be reclassified to profit or loss
Keuntungan/(kerugian) yang belum direalisasi Unrealised gains/(losses) from changes
atas perubahan nilai wajar dari efek-efek dan obligasi in fair value of marketable securities
pemerintah dalam kelompok nilai wajar melalui and government bonds on fair value
penghasilan komprehensif lain 299,060 (1,934,410) (766,430) through other comprehensive income
Pajak penghasilan terkait pos-pos yang Income tax relating to items that will be
akan direklasifikasi ke laba rugi (29,602) 324,125 82,701 reclassified to profit or loss
269,458 (1,610,285) (683,729)
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE INCOME -
SETELAH PAJAK 248,909 (919,446) (679,919) NET OF TAX
JUMLAH PENGHASILAN KOMPREHENSIF 6,417,632 3,866,957 3,229,557 TOTAL COMPREHENSIVE INCOME
LABA PER SAHAM EARNINGS PER SHARE
(dalam nilai penuh Rupiah (expressed in Rupiah full
per saham) amount per share)
Dasar 247.21 191.97 156.82 Basic
Dilusian 247.21 191.97 156.82 Diluted
Halaman – 5/290 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 914
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
(Kerugian)/keuntungan yang
belum direalisasi atas efek-efek
dan obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
penghasilan komprehensif lain - penggunaannya -
Cadangan bersih/ cadangan umum dan
kompensasi Unrealised (losses)/gains on fair wajib/ Saldo laba yang
Tambahan berbasis saham/ Selisih penilaian kembali value through other Appropriated belum ditentukan
modal disetor/ Share-based aset tetap/ comprehensive income retained earnings - penggunaannya*)/
Modal saham/ Additional paid- compensation Reserve on revaluation of marketable securities and Saham treasuri/ general and Unappropriated Jumlah/
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Share capital in capital reserve fixed assets government bonds - net Treasury shares statutory reserve retained earnings*) Total
Saldo 1 Januari 2023 1,612,257 7,033,450 137,105 4,180,033 (1,148,728) (249,459) 351,538 31,847,895 43,764,091 Balance as at 1 January 2023
Jumlah laba komprehensif tahun Total comprehensive income
berjalan: for the current year:
- Laba bersih - - - - - - - 6,168,723 6,168,723 Net income -
- Penghasilan komprehensif lain *) - - - 1,176 269,458 - - (21,725) 248,909 Other comprehensive income *) -
- - - 1,176 269,458 - - 6,146,998 6,417,632
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2022 - - - - - - - (2,871,842) (2,871,842) on 2022 financial year net income
- Pelepasan saham treasuri - 34,807 - - - 114,355 - - 149,162 Issuance of treasury shares -
- Cadangan kompensasi berbasis saham - - 18 - - - - - 18 Shared based compensation reserve -
- 34,807 18 - - 114,355 - (2,871,842) (2,722,662)
Saldo 31 Desember 2023 1,612,257 7,068,257 137,123 4,181,209 (879,270) (135,104) 351,538 35,123,051 47,459,061 Balance as at 31 December 2023
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali atas program imbalan pasti Amounts included in unappropriated retained earnings *)
setelah pajak are the remeasurement of post-employment benefits obligation net of tax
Halaman – 5/291 – Page
Page 915
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/(kerugian) yang
belum direalisasi atas efek-efek
dan obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
penghasilan komprehensif lain - penggunaannya -
Cadangan bersih/ cadangan umum dan
kompensasi Unrealised gains/(losses) on fair wajib/ Saldo laba yang
Tambahan berbasis saham/ Selisih penilaian kembali value through other Appropriated belum ditentukan
modal disetor/ Share-based aset tetap/ comprehensive income retained earnings - penggunaannya*)/
Modal saham/ Additional paid- compensation Reserve on revaluation of marketable securities and Saham treasuri/ general and Unappropriated Jumlah/
Share capital in capital reserve fixed assets government bonds - net Treasury shares statutory reserve retained earnings*) Total
Saldo 1 Januari 2022 1,612,257 7,033,450 115,025 3,422,692 461,557 (252,477) 351,538 29,473,680 42,217,722 Balance as at 1 January 2022
Jumlah laba komprehensif periode Total comprehensive income
berjalan: for the current period:
- Laba bersih - - - - - - - 4,786,403 4,786,403 Net income -
- Penghasilan komprehensif lain *) - - - 757,341 (1,610,285) - - (66,502) (919,446) Other comprehensive income *) -
- - - 757,341 (1,610,285) - - 4,719,901 3,866,957
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2021 - - - - - - - (2,345,686) (2,345,686) on 2021 financial year net income
- Pelepasan saham treasuri - - - - - 3,018 - - 3,018 Issuance of treasury shares -
- Cadangan kompensasi berbasis saham - - 22,080 - - - - - 22,080 Shared based compensation reserve -
- - 22,080 - - 3,018 - (2,345,686) (2,320,588)
Saldo 31 Desember 2022 1,612,257 7,033,450 137,105 4,180,033 (1,148,728) (249,459) 351,538 31,847,895 43,764,091 Balance as at 31 December 2022
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali atas program imbalan pasti Amounts included in unappropriated retained earnings *)
setelah pajak are the remeasurement of post-employment benefits obligation net of tax
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Halaman – 5/292 – Page
Page 916
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, AND 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Keuntungan/(kerugian) yang
belum direalisasi atas efek-efek
dan obligasi pemerintah diukur Saldo laba yang
pada nilai wajar melalui telah ditentukan
penghasilan komprehensif lain - penggunaannya -
Cadangan bersih/ cadangan umum dan
kompensasi Unrealised gains/(losses) on fair wajib/ Saldo laba yang
Tambahan berbasis saham/ Selisih penilaian kembali value through other Appropriated belum ditentukan
modal disetor/ Share-based aset tetap/ comprehensive income retained earnings - penggunaannya*)/
Modal saham/ Additional paid- compensation Reserve on revaluation of marketable securities and Saham treasuri/ general and Unappropriated Jumlah/
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Share capital in capital reserve fixed assets government bonds - net Treasury shares statutory reserve retained earnings*) Total
Saldo 1 Januari 2021 1,612,257 7,033,450 96,430 3,515,604 1,145,286 (253,832) 351,538 26,566,059 40,066,792 Balance as at 1 January 2021
Jumlah laba komprehensif tahun Total comprehensive income
berjalan: for the current year:
- Laba bersih - - - - - - - 3,909,476 3,909,476 Net income -
Penghasilan komprehensif lain *) - Other comprehensive income on the period *)
- Penghasilan komprehensif lain periode berjalan *) - - - 3,810 (683,729) - - - (679,919) Other comprehensive income for the period *) -
- Penjualan aset revaluasian - - - (96,722) - - - 96,722 - Sale of revalued assets'-
- - - (92,912) (683,729) - - 4,006,198 3,229,557
Transaksi dengan pemilik dalam kapasitasnya Transaction with owners in their capacity
sebagai pemilik: as owners:
- Pembagian dividen tunai atas laba bersih Distribution of cash dividend -
tahun buku 2020 - - - - - - - (1,098,577) (1,098,577) on 2020 financial year net income
- Saham treasuri - - - - - 1,355 - - 1,355 Treasury shares -
- Cadangan kompensasi berbasis saham - - 18,595 - - - - - 18,595 Shared based compensation reserve -
- - 18,595 - - 1,355 - (1,098,577) (1,078,627)
Saldo 31 Desember 2021 1,612,257 7,033,450 115,025 3,422,692 461,557 (252,477) 351,538 29,473,680 42,217,722 Balance as at 31 December 2021
*) Termasuk di dalam saldo laba yang belum ditentukan penggunaannya merupakan pengukuran kembali Amounts included in unappropriated retained earnings *)
atas program imbalan pasti setelah pajak are the remeasurement of post employment benefits obligation net of tax
Halaman – 5/293 – Page
Page 917
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, and 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
Arus kas dari aktivitas operasi Cash flow from operating activities
Pendapatan bunga, provisi, dan komisi yang diterima 23,609,569 20,349,586 19,895,302 Receipts of interest, fees, and commissions income
Bunga, provisi, dan komisi yang dibayar (8,465,285) (5,114,979) (5,495,913) Payments of interest, fees, and commissions
Penghasilan operasional lainnya yang diterima 426,683 698,591 344,013 Other operating income received
Keuntungan transaksi mata uang asing Gains of foreign exchange
dan derivatif - bersih 1,212,612 1,485,009 659,172 and derivatives transactions - net
Beban operasional lainnya (5,605,854) (9,135,386) (6,393,463) Other operating expenses
Pendapatan bukan operasional - bersih 108,836 182,808 514,948 Non-operating income - net
Arus kas sebelum perubahan dalam Cash flow before changes in
aset dan liabilitas operasi 11,286,561 8,465,629 9,524,059 operating assets and liabilities
Perubahan dalam aset dan liabilitas : Changes in assets and liabilities :
Penurunan/(kenaikan) aset: Decrease/(increase) in assets :
Efek-efek dan Obligasi Pemerintah Fair value through profit or loss
untuk tujuan diukur pada nilai wajar melalui laba rugi (9,355,235) (1,736,683) 3,458,805 marketable securities and Government Bonds
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali (4,649,080) 1,079,349 715,867 resale agreements
Kredit yang diberikan (18,369,810) (16,511,490) (9,057,163) Loans
Tagihan akseptasi 1,004,505 497,011 (449,851) Acceptance receivables
Kenaikan/(penurunan) liabilitas: Increase/(decrease) in liabilities:
Simpanan dari nasabah 8,635,727 (8,903,672) 33,833,357 Deposits from customers
Simpanan dari bank lain (745,565) (553,439) 157,895 Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali 14,364,099 4,800,495 (7,394,411) Securities sold under repurchase agreement
Liabilitas akseptasi (1,004,505) (497,011) 449,851 Acceptance payables
Utang pajak 50,625 28,758 (3,090) Taxes payable
Pajak penghasilan yang dibayar selama
periode berjalan (1,565,625) (1,618,407) (1,107,197) Income tax paid during the period
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash (used in)/provided from
aktivitas operasi (348,303) (14,949,460) 30,128,122 operating activities
Arus kas dari aktivitas investasi Cash flow from investing activities
Pembelian efek-efek dan Obligasi Purchasing of fair value through other
Pemerintah - diukur pada nilai wajar melalui penghasilan comprehensive income and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi (15,393,347) (25,096,310) (35,816,668) securities and Government Bonds
Penjualan efek-efek dan Obligasi Selling of fair value through other
Pemerintah - diukur pada nilai wajar melalui penghasilan comprehensive income and amortised cost marketable
komprehensif lain dan biaya perolehan diamortisasi 10,092,371 31,884,818 27,263,690 securities and Government Bonds
Hasil penjualan aset tetap 5,782 18,834 95,993 Proceeds from sale of fixed assets
Pembelian aset tetap (269,888) (297,694) (3,620) Acquisition of fixed assets
Pembelian aset takberwujud (410,064) (489,690) (569,975) Acquisition of intangible assets
Penambahan penyertaan pada entitas anak (300,000) - 599,605 Addition of investment in subsidiary
Kas bersih yang (digunakan untuk)/diperoleh dari Net cash provided (used in)/provided from
aktivitas investasi (6,275,146) 6,019,958 (8,430,975) investing activities
Halaman – 5/294 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 918
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, and 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2023 2022 2021
Arus kas dari aktivitas pendanaan Cash flow from financing activities
Pembayaran pokok dan bunga dari obligasi dan Payment of principal and interest from
efek-efek yang diterbitkan (533,176) (4,044,897) (1,714,634) bonds and marketable securities issued
Pembayaran dividen (2,871,842) (2,345,686) (1,098,577) Dividend paid
Penambahan atas
pinjaman yang diterima 2,463,520 - - Addition of borrowings
Pembayaran atas pinjaman subordinasi (75,000) - - Payment of subordinated loans
Kas bersih yang digunakan untuk Net cash used in
aktivitas pendanaan (1,016,498) (6,390,583) (2,813,211) financing activities
Pengaruh perubahan kurs mata uang Effects on exchange rate differences
pada kas dan setara kas (102,346) 339,913 184,249 in cash and cash equivalent
(Penurunan)/kenaikan bersih kas dan setara kas (7,742,293) (14,980,172) 19,068,185 Net (decrease)/increase in cash and cash equivalent
Kas dan setara kas pada awal tahun 32,023,668 47,003,840 27,935,655 Cash and cash equivalent at beginning of the year
Kas dan setara kas pada akhir tahun 24,281,375 32,023,668 47,003,840 Cash and cash equivalent at end of the year
Kas dan setara kas terdiri dari: Cash and cash equivalent consist of:
Kas 3,928,228 5,439,031 4,547,588 Cash
Giro pada Bank Indonesia 13,180,254 8,985,257 9,291,044 Current accounts with Bank Indonesia
Giro pada bank lain 2,501,677 2,720,778 2,811,291 Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 4,541,702 14,878,602 30,353,917 since acquisition date
Sertifikat Bank Indonesia Bank Indonesia Certificates
jangka waktu jatuh tempo tiga bulan atau mature within three months or less
kurang sejak tanggal perolehan 129,514 - - since acquisition date
Jumlah kas dan setara kas 24,281,375 32,023,668 47,003,840 Total cash and cash equivalents
Informasi tambahan arus kas: Supplemental cash flows information:
Aktivitas yang tidak mempengaruhi arus kas - - - Activities not affecting cash flows
Halaman – 5/295 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 919
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
PT BANK CIMB NIAGA Tbk
INDUK PERUSAHAAN/PARENT COMPANY
LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
31 DESEMBER 2023, 2022, DAN 2021 31 DECEMBER 2023, 2022, and 2021
(Dinyatakan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2022 Cash flow Amortisation of discount and premium Foreign currency movement 2023
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 32,023,668 (7,639,947) - (102,346) 24,281,375 Cash and cash equivalents
Investasi likuid 302,056 156,729 - - 458,785 Liquid investments
Efek-efek yang diterbitkan (1,704,938) 407,710 (3,248) - (1,300,476) Marketable securities issued
Pinjaman subordinasi (228,311) - 72,692 - (155,619) Subordinated loans
Utang bersih 30,392,475 (7,075,508) 69,444 (102,346) 23,284,065 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2021 Cash flow Amortisation of discount and premium Foreign currency movement 2022
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 47,003,840 (15,320,085) - 339,913 32,023,668 Cash and cash equivalents
Investasi likuid 219,809 82,247 - - 302,056 Liquid investments
Efek-efek yang diterbitkan (5,369,228) 3,667,000 (2,710) - (1,704,938) Marketable securities issued
Pinjaman subordinasi (226,143) - (2,168) - (228,311) Subordinated loans
Utang bersih 41,628,278 (11,570,838) (4,878) 339,913 30,392,475 Net debt
Perubahan nonkas/Non-cash changes
Arus kas/ Amortisasi diskonto dan premi/ Pergerakan valuta asing/
2020 Cash flow Amortisation of discount and premium Foreign currency movement 2021
Rekonsiliasi liabilitas yang timbul Reconciliation of liabilities arising from
dari aktivitas pendanaan financing activities
Kas dan setara kas 27,935,655 18,883,936 - 184,249 47,003,840 Cash and cash equivalents
Investasi likuid 682,114 (462,305) - - 219,809 Liquid investments
Efek-efek yang diterbitkan (6,565,604) 1,200,000 (3,624) - (5,369,228) Marketable securities issued
Pinjaman subordinasi (224,184) - (1,959) - (226,143) Subordinated loans
Utang bersih 21,827,981 19,621,631 (5,583) 184,249 41,628,278 Net debt
Halaman – 5/296 – Page
PT Bank CIMB Niaga Tbk | 2023 Annual Report
Page 920
Performance Management Company Management Discussion Risk
Highlights Reports Profile and Analysis Management
Attachment
To Financial Services Authority Circular Letter
No. 9/SEOJK.03/2020:
Transparency and Publication of Conventional
Commercial Bank Reports
Description Page
1. General Information
a. Financial Highlights presents financial information in a comparative format for 2 (two) financial years,
or since the Bank begins its business for banks that have been in business for less than 2 (two) years.
At the very least, financial highlights covers:
1) Net interest income; 15
2) Operating profit; 15
3) Profit before tax; 15
4) Net profit; 15
5) Total comprehensive profit/loss; 15
6) Net income per share; 15
7) Total assets; 15
8) Total liabilities; 15
9) Total equity; 15
10) Earning assets; 15
11) Third party funds; 15
12) Borrowings; 15
13) CAR; 16
14) Return on Asset (ROA); 16
15) Return on Equity (ROE); 16
16) Profit margin (profit/loss to income ratio); 16
17) Rasio Beban Operating Expenses to Operating Income Ratio (BOPO); 16
18) Cost to Income Ratio (CIR); 16
19) Percentage of Violation and Exceedance of Legal lending Limit (LLL); 16
20) Mandatory Minimum Reserves (GWM) Ratio; 16
21) Net Open Position (PDN) Ratio; and 16
22) Other information and ratios relevant to the banking industry. 16
b. Bank Profile
Bank profile covers at the very least:
1) Name of Bank, including if any, change of name, reaon for the change, and effective date of name change
62, 65
in the financial year;
2) Access to the Bank, including branch or representative offices, whereby the general public may obtain
information on the Issuer or Public Company, comprising of:
a) Address;
62
b) Telephone number;
c) E-mail address; and
d) Website address;
3) Brief profile of the Bank; 63-64, 66-67
4) Vision and mission of the Bank; 68
5) Line(s) of business according to the latest articles of association, business activites performed in the
75-77
Financial Year, and types of products and/or services provided;
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6) Organization structure of Bank, at the very least to 1 (one) level below the Directors, with names and
71-74
positions;
7) Shareholding structure and composition, that is, names of shareholders and percentage of
shareownership, including:
a) Shareholders with a minimum of 5% (five percent) of shares of the Bank;
b) Members of the Board of Directors and Board of Commissioners that own shares of the Bank;
111-115
c) Public shareholders, that is, shareholders that each held less than 5% (five percent) of shares of the
Bank;
d) information on the majority and controlling shareholder(s) of the Bank, direct or indirect, up to the
individual ultimate shareholders, presented in a schematic diagram or chart;
8) Name of subsidiary entity, associated company or joint venture company where the Bank exercise a joint
control with the entity, along with the percentage of shareownership, lines of business, total assets, and 120-122
operating status of the entity (if any);
9) For subsidiary entities, include information on address of such subsidiary entities; 120
10) Profiles of the Board of Directors and Board of Commissioners, covering at least
a) Composition of the Board of Directors and the Board of Commissioners, along with the position and
brief resume of the respective members thereof;
b) Names and position according to the duties and responsibilities;
c) Latest photograph;
d) Age;
e) Nationality;
f) Education background;
g) Work history, including information on: 80-91
(1) Legal basis of appointment as member of the Board of Directors and Board of Commissioner of
the Bank
(2) Concurrent position(s), as member of the board of directors, board of commissioners, and/or
committes and other position (if any); and
(3) Work history, with period of service thereon, with or without the Bank;
h) Education and/or training attended by member of the Board of Directors and Board of
Commissioners for competence development during the financial year (if any); and
i) Affiliation with other member of the Board of Directors, Board of Commissioners, or the majority
shareholder (if any), disclosing the name of affiliated party.
11) In the event of changes in the membership composition of the Board of Directors and/or the Board
of Commissioners occuring subsequent to the end of the Financial Year and up to the deadline for
submission of the annual report of published financial statements and information on financial 91
performance, membership composition of the Board of Directors and/or Board of Commissioners shall be
presented both prior and after such change(s);
12) Brief profiles of executive officers, with structure, position and summary curriculum vitae; 92-106
13) Total headcount, and employee distribution in the Financial Year by education and age; and 107-110
14) Awards and/or certifications in domestic as well as international scope, received by the Bank in the last
Financial Year (if any), which covers:
a) Name of award and/or certification; 140-145
b) Issuing institution or agency; and
c) Validity period of such award and/or certification (if any).
2. Information on Financial Performance
a. Report of the Board of Directors
Brief description of the Bank performance, at the very least covering:
1) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks
42-44
that have an UUS;
2) Comparison between achievement and targets; 44-45
3) Constraints faced by the Bank; 45
4) Overview of business prospects; 46-47
5) Implementation of Bank governance; 50
6) Changes in the composition of the Board of Directors and reason for such changes (if any); 51
7) Organization structure; 45, 71-74
8) Primary activities; 45, 75-77
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Description Page
9) Information Technology; 43-44, 49
10) Types of products and services, including lending to debtors in the micro-, small- and medium-business
45, 75-77
sectors;
11) Interest rates on deposits and loans; 45-46
12) Developments in the economy and target market; 46-47
13) Business and partnership networks, domestic and/or overseas; 46, 123
14) Number, types and location of offices; 46
15) Ownership by the board of directors, board of commissioners and shareholders in the business group of
46, 113-115
the Bank;
16) Significant changes at the Bank or the Bank’s business group in the reporting year; 46
17) Prediction of significant future issues; and 47
18) Human resources, covering number of employees as well as education, training, and development
48-49, 108-110
programs for human resources.
b. Report of the Board of Commissioners
The report of the Board of Commissioners covers at least:
1) Structure of the Board of Commissioners, with position and summary curriculum vitae; 38-39, 80-83
2) Assessment of the performance of the Board of Directors in the management of the Bank; 32
3) Supervision of the implementation of Bank’s strategies; 32
4) Opinion on the business prospects as prepared by the Board of Directors; 33
5) Opinion on the implementation of Bank governance; 35
6) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and 36
7) Frequency and mechanism for advising members of the Board of Directors; 36
c. Management Discussion & Analysis
Management discussion and analysis presents an analysis and discussion of financial statements accounts and
other important information with an emphasis on material changes that occurred during the Financial Year,
which at least includes:
1) Review of operations by business segment, including for UUS, at least of:
a. Revenues; and 154-184
b. Profitability;
2) Review of financial performance, comprising a comparison of the financial performance for the current
year wuth the previous year, as well as explanation on the cause of changes and impact of such changes,
covering at least:
a. Investment of funds (investments and disbursement of loan/financing) and total assets;
b. Third party funds and other sources of funding;
185-214
c. Equity;
d. Revenues, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss);
e. Cash flows; and
f. Prime lending rate;
3) Analysis of the quality of earning assets and relevant financial ratios; 212, 220-221
4) Capital structure of Bank; 222-223
5) Material information and facts subsequent to the date of accountant report (if any); and 228-229
6) Marketing aspects of Bank’s products, at least on marketing strategy amd market share; 246-249
3. Information on Risk Exposure and Capital
In the event that the Bank includes the corporate governance report into the Annual Financial Publication Report
and Financial Performance Information, the scope and guidelines for such report shall refer to the applicable POJK 254-367
on implementation of governance for commercial banks.
4. Governance Information
In the event that the Bank combines the report on the implementation of governance in the Financial Published
Report and Annual Financial Performance Information, the scope and guidelines for filling out refer to the POJK 398-587
regarding the implementation of governance for commercial banks.
5. Sustainability Report
a. As regulated in the relevant POJK, a Sustainability Report covers the implementation of sustainable financing
for financial services institutions, issuers and public companies. In the event that the Bank includes the
√
sustainability report into the Annual Financial Publication Report and Financial Performance Information, the
scope and guidelines for such report shall refer to the applicable POJK.
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b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and
regulations on social and environmental repsonsibility for limited liability companies.
1) Information on the implementation of social and environmental responsibility covers the management
√
policy, types of programs and costs expended, on aspects of:
a) environment; √
b) labor practices; √
c) sound institutional practices; √
d) consumer; and √
e) community development. √
2) In the event that the Bank presents information on social and environmental responsibility as referred
to in point 1) in a separate report such as in a social and environmental responsibility report, the Bank is
√
exempted from disclosing information regarding social and environmental responsibility in the annual
report of published financial statements and information on financial performance.
6. Annual Financial Statements
The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm
603-921
registered with the OJK.
7. Information on the Business Group of the Bank
a. A Bank that is part of a business group and/or have a Subsidiary, shall additionally report on:
1) Structure of the Bank business group, covering:
a) the structure of the business group, comprising of the Bank, Subsidiary Entities, related (sister)
companies, Parent Entity, and up to the ultimate shareholder;
111-113, 118-119
b) the structure of management inter-relationship of entities in the business group; and
c) any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional
shareholders with a common objective of controlling the Bank, with or without a formal agreement;
2) transactions between the Bank and related parties in the Bank’s business group, with consideration of the
following:
a) information on transactions with related parties, whether conducted by Bank or by any entity in the
Bank business group in the financial sector;
b) related parties are parties defined as such in relevant financial accounting standards;
c) types of transaction with related parties, including:
(1) cross shareholding;
214, 229-233
(2) transactions by a business group performed in the interest of another business group
(3) short-term liquidity management in the business group;
(4) funding provided to, or received by, another entity in a business group;
(5) exposure to a majority shareholder in the form of, among others, loans, commitments and
contingencies; and
(6) transactions for the purchase, sale and/or rental of assets with another entity in the business
group, including transactions with repurchase agreement (repo);
3) transactions with related parties conducted by each entity in the Bank business group in the financial
230-233
sector;
4) the provision of funding, commitments or equivalent facilities from an entity in the Bank business group
229-233
to the customers and/or parties that already received financing from the Bank; and
5) any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required
229
regulatory capital between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
The Bank that is also an Issuer and/or a Public Company should include in addition the scope of information in
√
accordance with the provisions of OJK Regulation regarding the annual report of issuer or public company.
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SEOJK No. 16/SEOJK.04/2021:
Annual Report of Public Company
Description Page
I. General Provision
1. In this Financial Services Authority Circular Letter what is meant by:
a. The Annual Report is a report on the Board of Directors and Board of Commissioners accountability in
managing and supervising issuers or public companies within a period of 1 (one) fiscal year to the general
√
meeting of shareholders prepared based on the provisions of the Financial Services Authority Regulation
concerning the Annual Report of issuers or public companies
b. Issuers are parties who make public offerings √
c. A Public Company is a company whose shares are owned by at least 300 (three hundred) shareholders and
has a paid-up capital of at least Rp3,000,000,000.00 (three billion rupiah) or a number of shareholders and √
paid-up capital as determined by the Financial Services Authority
d. A Public Company is an Issuer that has made a public offering of equity securities or a Publically- listed
√
Company
e. A Sustainability Report is a report published to the public that contains the economic, financial, social,
and environmental performance of a financial service institution, Issuer, and Public Company in running a √
sustainable business
f Board of Directors:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the Board of Directors
as referred to in the Financial Services Authority Regulation concerning the Board of Directors and √
Board of Commissioners of an Issuer or Public Company; and
2) For an Issuer or a Public Company in the form of a legal entity other than a limited liability company, it is
the body that carries out the management of the legal entity as referred to in the laws and regulations √
concerning the legal entity.
g. Board of Commissioners:
1) For an Issuer or a Public Company in the form of a limited liability company, the Board of Commissioners
as referred to in the Financial Services Authority Regulation concerning the Board of Directors and √
Board of Commissioners of an Issuer or Public Company; and
2) For the Issuer or Public Company in the form of a legal entity other than a limited liability company, it is
the body that supervises the legal entity as referred to in the laws and regulations concerning the legal √
entity.
h. General Meeting of Shareholders hereinafter abbreviated as GMS:
1) For an Issuer or a Public Company in the form of a limited liability company, it is the GMS as referred
to in the Financial Services Authority Regulation concerning the Planning and Organizing of the General √
Meeting of Shareholders of a Public Company; and
2) For an Issuer or Public Company in the form of a legal entity other than a limited liability company,
it is the body that has authority that is not given to any other body that carries out management
√
and supervisory functions, within the limits specified in the legislation and/or articles of association
governing the legal entity.
2. The Annual Report of Issuers or Public Companies is an important source of information for investors or
shareholders as one of the basic considerations in making investment decisions and a means of supervision of √
Issuers or Public Companies.
3. Along with the development of the capital market and the increasing need for information disclosure by investors
or shareholders, the Board of Directors and the Board of Commissioners are required to present quality, accurate, √
and accountable information through the Annual Reports of Issuers or Public Companies.
4. Annual Reports that are prepared regularly and informatively can provide convenience for investors or
√
shareholders and stakeholders in obtaining the required information.
5 This Financial Services Authority Circular is a guideline for Issuers or Public Companies that must be applied in
√
preparing Annual Reports and Sustainability Reports.
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy.. √
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size,
√
bound and can be reproduced in good quality.
3. The Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by including
√
clear titles and/or descriptions, so that they are easy to read and understand.
4. The Annual Report presented in electronic document format is the Annual Report converted into pdf format. √
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III. Content of Annual Report
1. Annual Report should contain at least the following information:
a. Summary of key financial information; 15
b. Stock information (if any); 19
c. The Board of Directors report; 40
d. The Board of Commissioners report; 30
e. Profile of Issuer or Public Company; 60
f. Management discussion and analysis; 148
g. Corporate governance applied by the Issuer or Public Company; 398
h. Corporate social and environmental responsibility of the Issuer or Public Company; 590
i. Audited annual report; and 605
j. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual
56
Report;
2. Description of Content of Annual Report
a. Summary of Key Financial Information
Summary of Key Financial Information contains financial information presented in comparison with previous
3 (three) fiscal years or since commencement of business if the Issuers or the Public Company commencing
the business less than 3 (three) years, at least contain:
1) income/sales;
2) gross profit;
3) profit (loss);
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest;
5) total comprehensive profit (loss);
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non controlling
interest;
7) earning (loss) per share; 15-17
8) total assets;
9) total liabilities;
10) total equities;
11) profit (loss) to total assets ratio;
12) profit (loss) to equities ratio;
13) profit (loss) to income ratio;
14) current ratio;
15) liabilities to equities ratio;
16) liabilities to total assets ratio; and
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry;
b. Stock Information
Stock Information (if any) at least contains:
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering:
a) number of outstanding shares;
b) market capitalization based on the price at the Stock Exchange where the shares listed on;
c) highest share price, lowest share price, closing share price at the Stock Exchange where the shares
listed on; and
19-20
d) share volume at the Stock Exchange where the shares listed on;
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or
not listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company whose
shares is listed in the Stock Exchange;
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2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change
in par value of shares, then the share price referred to in point 1), should be added with explanation on:
a) date of corporate action;
b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares; 20
c) number of outstanding shares prior to and after corporate action; and
d) The number of convertible securities exercised (if any); and
e) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading during the year
under review, then the Issuers or Public Company should provide explanation on the reason for the 20
suspension and/or delisting; and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date
of the Annual Report, then the Issuer or the Public Company should also explain the corporate actions 20
taken by the company in resolving the suspension and/or delisting;
c. The Board of Directors Report
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company; 42-44
b) Role of the Board of Directors in formulating strategies and strategic policies of Issuers or Public
44
Companies;
c) Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or
44
Public Company’s strategy;
d) comparison between achievement of results and targets; and 44-45
e) challenges faced by the Issuer or Public Company; 45
2) description on business prospects; 46-47
3) implementation of good corporate governance by Issuer or Public Company; and 50
4) changes in the composition of the Board of Directors and the reason behind (if any); 51
d. The Board of Commissioners Report
The Board of Commissioners Report should at least contain the following items:
1) Assessment on the performance of the Board of Directors in managing the Issuer or the Public Company; 32
2) Supervision on the implementation of the strategy of the Issuer or Public Company; 32
3) View on the business prospects of the Issuer or Public Company as established by the Board of Directors; 33
4) View on the implementation of the corporate governance by the Issuer or Public Company; 35
5) Changes in the composition of the Board of Commissioners and the reason behind (if any); and 36-37
e. Profile of the Issuer or Public Company
Profile of the Issuer or Public Company should cover at least:
1) Name of Issuer or Public Company, including change of name, reason of change, and the effective date
62, 65
of the change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can
have access of information of the Issuer or Public Company, which include:
a) Address;
b) Telephone number; 62
c) Facsimile number;
d) E-mail address; and
e) Website address;
3) Brief history of the Issuer or Public Company; 63-64, 66-67
4) Vision and mission of the Issuer or Public Company; 68
5) Line of business according to the latest Articles of Association, and types of products and/or services
75-77
produced;
6) Operational area of the Issuer or Public Company 78-79
7) Structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the
71-74
Board of Directors, with the names and titles;
8) List of industry association memberships both on a national and international scale related to the
65
implementation of sustainable finance;
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9) The Board of Directors profiles include:
a) Name and short description of duties and functions;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) history position, covering information on:
(1) Legal basis for appointment as member of the Board of Directors to the said Issuer or Public
Company; 84-88
(2) Dual position, as member of the Board of Directors, member of the Board of Commissioners,
and/or member of committee, and other position (if any); and
(3) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Directors, members of the Board of Commissioners,
majority and controlling shareholders, either directly or indirectly to individual owners, including names of
affiliated parties. In the event that a member of the Board of Directors has no affiliation, the Issuer or Public
Company shall disclose this matter; and
h) Changes in the composition of the members of the Board of Directors and the reasons for the changes. In
the event that there is no change in the composition of the members of the Board of Directors, this matter
shall be disclosed;
10) The Board of Commissioners profiles, at least include:
a) Name;
b) Latest photograph;
c) Age;
d) Citizenship;
e) Education;
f) History position, covering information on:
(1) Legal basis for the appointment as member of the Board of Commissioners who is not
Independent Commissioner at the said Issuer or Public Company;
(2) Legal bases for the first appointment as member of the Board of Commissioners who also
Independent Commissioner at the said Issuer or Public Company; 80-83
(3) Dual position; as member of the Board of Commissioners, member of the Board of Directors, and/or
member of committee and other position (if any); and
(4) Working experience and period in and outside the Issuer or Public Company;
g) Affiliation with other members of the Board of Commissioners, major shareholders, and controllers
either directly or indirectly to individual owners, including names of affiliated parties; In the event
that a member of the Board of Commissioners has no affiliation, the Issuer or Public Company shall
disclose this matter;
h) Statement of independence of Independent Commissioner in the event that the Independent
Commissioner has been appointed more than 2 (two) periods (if any);
i) Changes in the composition of the members of the Board of Commissioners and the reasons for
the changes. In the event that there is no change in the composition of the members of the Board
of Commissioners, this matter shall be disclosed;
11) In the event that there were changes in the composition of the Board of Commissioners and/or the
Board of Directors occurring between the period after year-end until the date the Annual Report
91
submitted, then the last and the previous composition of the Board of Commissioners and/or the Board
of Directors shall be stated in the Annual Report;
12) Number of employees by gender, position, age, education level, and employment status (permanent/
107-110
contracted) in the fiscal year; Disclosure of information can be presented in tabular form.
13) Names of shareholders and ownership percentage at the end of the fiscal year, including:
a) Shareholders having 5% (five percent) or more shares of Issuer or Public Company;
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 111-115
c) Groups of public shareholders, or groups of shareholders, each with less than 5% (five percent)
ownership shares of the Issuers or Public Company;
14) The percentage of indirect ownership of the shares of the Issuer or Public Company by members of the
Board of Directors and members of the Board of Commissioners at the beginning and end of the fiscal
113-115
year, including information on shareholders registered in the shareholder register for the benefit of indirect
ownership of members of the Board of Directors and members of the Board of Commissioners;
15) Number of shareholders and ownership percentage at the end of the fiscal year, based on:
a) Ownership of local institutions;
b) Ownership of foreign institutions; 113
c) Ownership of local individual; and
d) Ownership of foreign individual;
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16) Information on major shareholders and controlling shareholders the Issuers of Public Company, directly
118
or indirectly, and also individual shareholder, presented in the form of scheme or diagram;
17) Name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company,
with entity, percentage of stock ownership, line of business, total assets and operating status of the
Issuers of Public Company (if any); 120-122
For subsidiaries, include the addresses of the said subsidiaries;
18) Chronology of share listing, number of shares, par value, and bid price from the beginning of listing
up to the end of the financial year, and name of Stock Exchange where the Issuers of Public Company 116
shares are listed;
19) Other securities listing information other than the securities as referred to in number 18), which have
not yet matured in the fiscal year, at least contain the name of the securities, year of issue, interest rate/ 117
yield, maturity date, offering value, and securities rating (if any);
20) Information on the use of a Public Accountant (AP) and a Public Accounting firm (KAP) services and their
networks/associations/alliances include:
a) name and address;
b) period of assignment;
123-124
c) informasi jasa audit dan/atau non audit yang diberikan;
d) Audit and/or non-audit fees for each assignment given during the fiscal year; and
e) In the event that AP and KAP and their network/association/alliance, which are appointed do not
provide non-audit services, then the information is disclosed; and
21) Name and address of capital market supporting institutions and/or professionals other than AP and KAP 124
f. Management Discussion and Analysis
Management Analysis and Discussion Annual should contain discussion and analysis on financial statements
and other material information emphasizing material changes that occurred during the year under review,
at least including:
1) Operational review per business segment, according to the type of industry of the Issuer or Public
Company including:
a) Production, including process, capacity, and growth; 154-184
b) Income/sales; and
c) Profitability;
2) comprehensive financial performance analysis which includes a comparison between the financial
performance of the last 2 (two) fiscal years, and explanation on the causes and effects of such changes,
among others concerning:
a) Current assets, non-current assets, and total assets;
b) Short term liabilities, long term liabilities, total liabilities; 185-212
c) Equities;
d) Sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total
comprehensive profit (loss); and
e) Cash flows
3) The capacity to pay debts by including the computation of relevant ratios; 217-220
4) Accounts receivable collectability of the Issuer or Public Company, including the computation of the
220-221
relevant ratios;
5) Capital structure and management policies concerning capital structure, including the basis for
222-223
determining the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation on at least:
a) The purpose of such ties;
b) Source of funds expected to fulfill the said ties;
223
c) Currency of denomination; and
d) Steps taken by the Issuer of Public Company to protect the position of a related foreign currency
against risks;
7) Discussion on investment of capital goods which was realized in the last fiscal year, at least include:
a) Type of investment of capital goods;
223-224
b) Objective of the investment of capital goods; and
c) Value of the investment of capital goods;
8) Material Information and facts that occurring after the date of the accountant’s report (if any); 228-229
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9) Information on the prospects of the Issuer or the Company in connection with industry,economy in
249-250
general, accompanied with supporting quantitative data if there is a reliable data source;
10) Comparison between target/projection at beginning of year and result (realization), concerning:
a) Income/sales;
b) Profit (loss);
224-225
c) Capital structure; or
d) Dividend policy; or
e) Others that deemed necessary for the Issuer or Public Company;
11) Target/projection at most for the next one year of the Issuer or Public Company, concerning:
a) Income/sales;
b) Profit (loss);
225
c) Capital structure; or
d) Dividend policy;
e) Or others that deemed necessary for the Issuer or Public Company;
12) Marketing aspects of the company’s products and/or services the Issuer or Public Company, among
246-249
others marketing strategy and market share;
13) Description regarding the dividend policy during the last 2 (two) fiscal years, at least:
a) Dividend policy;
b) The date of the payment of cash dividend and/or date of distribution of non-cash dividend;
c) Amount of cash per share (cash and/or non cash); and 226
d) Amount of dividend per year paid;
Disclosure of information can be presented in tabular form. In the event that the Issuer or Public Company
does not distribute dividends in the last 2 (two) years, this matter shall be disclosed.
14) Use of proceeds from Public Offerings, under the condition of:
a) during the year under review, on which the Issuer has the obligation to report the realization of the
use of proceeds, then the realization of the cumulative use of proceeds until the year end should
be disclosed; and 228
b) In the event that there were changes in the use of proceeds as stipulated in the Regulation of the
Financial Services Authority on the Report of the Utilization of Proceeds from Public Offering, then
Issuer should explain the said changes;
15) Material information (if any), among others concerning investment, expansion, divestment, acquisition,
debt/capital restructuring, transactions with related parties and transactions with conflict of interest
that occurred during the year under review, among others include:
a) Transaction date, value, and object;
b) Name of transacting parties;
c) Nature of related parties (if any);
d) Description of the fairness of the transaction; and
e) Compliance with related rules and regulations;
f) In the event that there is an affiliation relationship, apart from disclosing the information as
referred to in letter a) to letter e), the Issuer or Public Company also discloses information:
1) A statement from the Board of Directors that the affiliate transaction has gone through
adequate procedures to ensure that the affiliate transaction is carried out in accordance with
generally accepted business practices, by complying with the arms-length principle; and 229-233
2) The role of the Board of Commissioners and the audit committee in carrying out adequate
procedures to ensure that affiliated transactions are carried out in accordance with generally
accepted business practices, by complying with the arms-length principle;
g) For affiliated transactions or material transactions which are business activities carried out to generate
business income and are carried out regularly, repeatedly, and/or continuously, an explanation is
added that the affiliated transactions or material transactions are business activities carried out to
generate operating income. and run regularly, repeatedly, and/or continuously;
h) For disclosure of affiliated transactions and/or conflict of interest transactions resulting from the
implementation of affiliated transactions and/or conflict of interest transactions that have been
approved by independent shareholders, additional information regarding the date of the GMS
which approved the affiliated transactions and/or conflict of interest transactions is added;
i) In the event that there is no affiliated transaction and/or conflict of interest transaction, then this
shall be disclosed;
16) Changes in regulation which have a significant effect on the Issuer or Public Company and impacts on
235-242
the company (if any); and
17) Changes in the accounting policy, rationale and impact on the financial statement (if any); 243-244
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g. Corporate Governance of the Issuer or Public Company
Corporate Governance of the Issuer or Public Company contains at least:
1) GMS, at least contains:
a) Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the
fiscal year include:
1) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the
fiscal year; and 410-423
2) Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year that have not
been realized and the reasons for not realizing them;
b) In the event that the Issuer or Public Company uses an independent party in the conduct of the
GMS to calculate the votes, then this matter shall be disclosed;
2) The Board of Directors, covering:
a) The tasks and responsibilities of each member of the Board of Directors;
b) Statement that the Board of Directors has already have board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Directors, meetings of
the Board of Directors with the Board of Commissioners, and the level of attendance of members
of the Board of Directors in the meeting including attendance at the GMS;
d) Training and/or competency development of members of the Board of Directors:
(1) Policies for training and/or improving the competence of members of the Board of Directors, including
an orientation program for newly appointed members of the Board of Directors (if any); and
438-453
(2) Training and/or competency improvement attended by members of the Board of Directors in
the fiscal year (if any);
e) The Board of Directors’ assessment of the performance of the committees that support the
implementation of the Board of Directors’ duties for the fiscal year shall at least contain:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, are competence and
attendance at meetings; and
f) In the event that the Issuer or Public Company does not have a committee that supports the
implementation of the duties of the Board of Directors, this matter shall be disclosed.
3) The Board of Commissioners, among others include:
a) Duties and responsibilities of the Board of Commissioners;
b) Statement that the Board of Commissioner has already have the board manual or charter;
c) Policies and implementation of the frequency of meetings of the Board of Commissioners, meetings
of the Board of Commissioners with the Board of Directors and the level of attendance of members of
the Board of Commissioners in these meetings including attendance at the GMS;
d) Training and/or competency improvement of members of the Board of Commissioners:
(1) Policy on competency training and/or development of members of the Board of Commissioners,
including orientation programs for newly appointed members of the Board of Commissioners (if
any); and
(2) Competency training and/or development attended by members of the Board of Commissioners in
the fiscal year (if any); 424-437
e) The assessment on the performance of the Board of Directors and Board of Commissioners and
the implementation, at least covering:
(1) procedure for the implementation of performance assessment;
(2) Criteria used are performance achievements during the fiscal year, competency and
attendance at meetings; and
(3) Assessor;
f) Board of Commissioners’ assessment of the performance of the Committees that support the
implementation of the duties of the Board of Commissioners in the fiscal year includes:
(1) Performance appraisal procedures; and
(2) The criteria used are performance achievements during the fiscal year, competency and attendance
at meetings;
4) The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at
least contain:
a) Nomination procedure, including a brief description of the policies and process for nomination of
members of the Board of Directors and/or members of the Board of Commissioners; and
b) Procedures and implementation of remuneration for the Board of Directors and the Board of
Commissioners, among others:
461-468
(1) Procedures for determining remuneration for the Board of Directors and the Board of
Commissioners;
(2) The remuneration structure of the Board of Directors and the Board of Commissioners such
as salary, allowances, tantiem/bonus and others; and
(3) The amount of remuneration for each member of the Board of Directors and member of the
Board of Commissioners
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5) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as
stipulated in the articles of association, at least containing:
a) name;
b) Legal basis for the appointment of the sharia supervisory board;
89-91
c) Period of assignment of the sharia supervisory board;
d) duty and responsibility of Sharia Supervisory Board; and
e) frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia
Principles by the Issuer or Public Company in the Capital Market;
6) Audit Committee, among others covering:
a) Name and position in the committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position; including:
(1) Legal basis for appointment as committee member;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or
member of committee, and other position (if any); and 470-477
(3) working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) statement of independence of the Audit Committee;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Policies and implementation of the frequency of audit committee meetings and the level of
attendance of audit committee members in those meetings; and
j) the activities of the Audit Committee in the year under review, in accordance with the Audit
Committee Charter;
7) The nomination and remuneration committee or function of the Issuer or Public Company, at least
containing:
a) Name and position in committee membership;
b) Age;
c) Nationality;
d) Educational history;
e) Position history, including information on:
(1) Legal basis for appointment as committee member;
(2) Concurrent positions, either as a member of the Board of Commissioners, member of the
Board of Directors, and/or committee member and other positions (if any); and
(3) Work experience and period of time both inside and outside the Issuer or Public Company;
f) Period and term of office of the committee members; 484-489
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any);
i) Description of duties and responsibilities;
j) A statement that it has a guideline or charter;
k) Policies and implementation of the frequency of meetings and the level of attendance of members
at the meeting;
l) Brief description of the implementation of activities in the fiscal year; and
m) In the event that no nomination and remuneration committee is formed, the Issuer or Public
Company is sufficient to disclose the information as referred to in letter i) to letter l) and disclose:
(1) Reasons for not forming the committee; and
(2) The party carrying out the nomination and remuneration function;
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8) Other committees owned by Issuers or Public Companies in order to support the functions and tasks of the Board
of Directors (if any) and / or committees that support the functions and duties of the Board of Commissioners,
the least contains:
a) Name and position in the Committee;
b) Age;
c) Citizenship;
d) Education background;
e) History of position, including:
(1) Legal basis for the appointment as member of the committee;
(2) Dual position, as member of Board of Commissioners, member of Board of Directors, and/or
member of committee, and other position (if any); and 478-483, 490-495
(3) Working experience and period in and outside the Issuer or Public Company;
f) Period and terms of office of the member of Audit Committee;
g) Statement of committee independence;
h) Training and/or competency improvement that have been followed in the fiscal year (if any); and
i) Description of duties and responsibilities;
j) A statement that the committee has had guidelines or charters;
k) Policies and implementation of the frequency of committee meetings and the level of attendance
of committee members at the meeting; and
l) A brief description of the committee’s activities for the fiscal year;
9) Corporate Secretary, including:
a) name;
b) domicile;
c) history of position, including:
(1) legal basis for the appointment as Corporate Secretary; and
502-504
(2) working experience and period in and outside the Issuer or Public Company;
d) education background;
e) education and/or training during the year under review; and
f) brief description on the implementation of duties of the Corporate Secretary in the year under
review;
10) Internal Audit Unit, among others including:
a) Name of Head of Internal Audit Unit;
b) History of position, including:
(1) Legal basis for the appointment as Head of Internal Audit Unit; and
(2) Working experience and period in and outside the Issuer or Public Company;
c) Qualification or certification as internal auditor (if any); 505-512
d) Education and/or training during the year under review;
e) Structure and position of Internal Audit Unit;
f) Description of duties and responsibilities;
g) Statement that the Internal Audit Unit has already have Internal Audit Unit charter; and
h) Brief description on the implementation of duty of Internal Audit Unit during the year under review;
11) Description on internal control system adopted by the Issuer or Public Company, at least covering:
a) Financial and operational control, and compliance to the other prevailing rules; and
b) Review on the effectiveness of internal control systems; 529-531
c) Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal control
system;
12) Risk management system implemented by the company, at least includes:
a) General description about the company’s risk management system the Issuer or Public Company;
b) Types of risk and the management; and
254-367, 525-528
c) Review the effectiveness of the risk management system applied by the Issuer or Public Company;
d) Statement of the Board of Directors and/or the Board of Commissioners or the audit committee on the
adequacy of the risk management system;
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13) Legal cases that have a material impact faced by Issuers or Public Companies, subsidiaries, members of
the Board of Directors and members of the Board of Commissioners (if any), at least contain:
a) Substance of the case/claim; 532-534
b) Status of settlement of case/claim; and
c) Potential impacts on the condition of the Issuer or Public Company;
14) information about administrative sanctions imposed to Issuer or Public Company, members of
the Board of Commissioners and the Board of Directors, by the Capital Market Authority and other 534
authorities during the last fiscal year (if any);
15) information about codes of conduct of the Issuer or Public Company, includes:
a) Key points of the code of conduct;
b) Socialization of the code of conduct and enforcement; and 543-546
c) Statement that the code of conduct is applicable for the Board of Commissioners, the Board of
Directors, and employees of the Issuer of Public Company;
16) A brief description of the policy of providing long-term performance-based compensation to management
and/or employees owned by the Issuer or Public Company (if any), including the management stock
ownership program (MSOP) and/or program employee stock ownership (ESOP);
a) Number of shares and/or options;
227-228
b) Implementation period;
c) Requirements for eligible employees and/or management; and
d) Exercise price or determination of exercise price;
17) A brief description of the information disclosure policy regarding:
a) Share ownership of members of the Board of Directors and members of the Board of
Commissioners no later than 3 (three) working days after the occurrence of ownership or any 538
change in ownership of shares of a Public Company; and
b) Implementation of the policy;
18) Description of whistleblowing system at the Issuer or Public Company (if any), among others include:
a) Mechanism for violation reporting;
b) Protection for the whistleblower;
c) Handling of violation reports;
555-558
d) Unit responsible for handling of violation report; and
e) Results from violation report handling, at least includes:
(1) Number of complaints received and processed during the fiscal year; and
(2) Follow up of complaints;
19) A description of the anti-corruption policy of the Issuer or Public Company, at least containing:
a) Programs and procedures implemented in overcoming corrupt practices, kickbacks, fraud, bribery
535-537
and/or gratification in Issuers or Public Companies; and
b) Anti-corruption training/socialization to employees of Issuers or Public Companies;
20) Implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing
Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or 567-570
b) description of recommendation that have not been implemented, along with the reason and
alternatives of implementation (if any);
h. Social and Environmental Responsibility of the Issuer or Public Company
1) The information disclosed in the social and environmental responsibility section is a Sustainability
Report as referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017
√
concerning the Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and
Public Companies, at at least includes:
a) Explanation of the sustainability strategy; √
b) Overview of sustainability aspects (economic, social, and environmental); √
c) Brief profile of the Issuer or Public Company; √
d) Explanation of the Board of Directors; √
e) Sustainability governance; √
f) Sustainability performance; √
g) Written verification from an independent party, if any; √
h) Feedback sheet for readers, if any; and √
i) The response of the Issuer or Public Company to the previous year’s report feedback; √
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2) The Sustainability Report as referred to in number 1) must be prepared in accordance with the Technical
Guidelines for the Preparation of a Sustainability Report for Issuers and Public Companies as contained √
in Appendix II which is an integral part of this Financial Services Authority Circular Letter;
3) Information on the Sustainability Report in number 1) can:
a) Disclosed in other relevant sections outside the Social and Environmental Responsibility section,
such as the Directors’ explanation regarding the Sustainability Report disclosed in the section related √
to the Directors’ Report; and/or
b) Refers to other sections outside the Social and Environmental Responsibility section by still
referring to the Technical Guidelines for the Preparation of Sustainability Reports for Issuers
√
and Public Companies as listed in Appendix II which is an integral part of this Financial Services
Authority Circular Letter, such as the profile of the Issuer or Public Company;
4) The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but can
√
be presented separately from the Annual Report;
5) In the event that the Sustainability Report is presented separately from the Annual Report, the
information disclosed in the Sustainability Report must:
a) Contains all the information as referred to in number 1); and √
b) Prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability Report
for Issuers and Public Companies as listed in Appendix II which is an integral part of this Financial √
Services Authority Circular Letter;
6) In the event that the Sustainability Report is presented separately from the Annual Report, then the
Social and Environmental Responsibility section contains information that information on Social
√
and Environmental Responsibility has been disclosed in the Sustainability Report which is presented
separately from the Annual Report; and
7) Submission of the Sustainability Report which is presented separately from the Annual Report must be
√
submitted together with the Annual Report.
i Audited Annual Financial Statement √
Financial Statements included in Annual Report should be prepared in accordance with the Financial
Accounting Standards in Indonesia and audited by an Accountant. The said financial statement should be
included with statement of responsibility for financial report as stipulated in the legislations in the Capital
√
Markets sector governing the responsibility of the Board of Directors on the financial report or the legislations
in the Capital Markets sector governing the periodic reports of securities company in the event the Issuer is
a Securities Company; and
j Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility
√
for Annual Reporting
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility
for Annual Reporting should be prepared according to the format of letter of statement of member of Board
√
of Directors and the Board of Commissioners regarding the responsibility for Annual Reporting as attached in
the Attachment, which is an integral part of this Circulation Letter of the Financial Services Authority.
936 PT Bank CIMB Niaga Tbk | 2023 Annual Report
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Page 936
2023 ANNUAL REPORT
PT Bank CIMB Niaga Tbk
KEJAR MIMPI
ASPIRATION BECOMES INSPIRATION
FOR INDONESIA
ASPIRATION BECOMES INSPIRATION
FOR INDONESIA
KEJAR MIMPI
PT Bank CIMB Niaga Tbk
Corporate Secretary
Graha CIMB Niaga
Jl. Jend Sudirman Kav. 58
Jakarta 12190, Indonesia
Tel. : +62 21 250 5252, 250 5353
2023 ANNUAL REPORT
Fax. : +62 21 250 5205
PT Bank CIMB Niaga Tbk
E-mail : corporate.secretary@cimbniaga.co.id
Facebook : CIMB Niaga
Twitter : @CIMBNiaga
Instagram : cimb_niaga
YouTube : CIMB Niaga
LinkedIn : CIMB Niaga
www.cimbniaga.co.id
Names mentioned 222 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Risk Limitation
p.7
unresolved
org
Financial Services Authority
p.8 ×5
unresolved
org
Bank Indonesia
p.17 ×32
unresolved
org
PT CIMB Niaga Sekuritas
p.20 ×3
unresolved
org
PT Bank Niaga
p.21 ×14
unresolved
org
Indonesia Stock Exchange
p.21 ×4
unresolved
org
Minister of Finance
p.21 ×4
unresolved
org
PT Inter-Pacific Financial Corporation
p.21
unresolved
org
PT Multinational Finance Corporation
p.21
unresolved
org
PT Mutual International Finance Corporation
p.21
unresolved
org
PT Private Development Finance
p.21
unresolved
org
PT Merchant Investment Corporation
p.21
unresolved
org
PT Usaha Pembiayaan Pembangunan Indonesia Underwriting Manager
p.21
unresolved
org
Investment Corporation
p.21
unresolved
org
PT Aseam Indonesia
p.21
unresolved
org
PT Finconesia
p.21
unresolved
person
Kantor Notaris Kartini Muljadi
p.21
unresolved
org
PT Indonesian Investment International
p.21
unresolved
org
Bank Lippo Tbk
p.21 ×9
unresolved
org
PT Bank Bank CIMB Niaga Year
p.23 ×2
unresolved
org
PT Bank Mudharabah I Bank
p.23 ×2
unresolved
org
PT Bank III Bank CIMB Niaga
p.23
unresolved
org
Bank CIMB Niaga Phase I
p.23
unresolved
org
PT Bank Bank CIMB Niaga Phase IV
p.23
unresolved
org
PT Bank Mudharabah I Bank CIMB
p.23 ×2
unresolved
org
PT Bank Bank CIMB Niaga Phase I
p.23
unresolved
org
PT Bank Bank CIMB Niaga Phase III
p.23
unresolved
org
PT Bank Bank CIMB Niaga Phase II
p.23
unresolved
org
Bank Deposits
p.24
unresolved
org
Bank Management Committees
p.26
unresolved
org
PT Deloitte Implementation
p.37
unresolved
person
Farina J. Situmorang
p.38 ×3
unresolved
person
Sri Widowati
p.38 ×6
unresolved
person
Riatu Mariatul Qibthiyyah
p.39 ×5
unresolved
person
Ronald T.A. Kasim
p.39
unresolved
person
Angelique
p.39
unresolved
person
Vice
· Commissioner
p.40 ×5
unresolved
org
PT Bank CIMB CIMB Niaga Niaga TbkTbk
p.41 ×3
unresolved
org
Bank Indonesia’s
p.44
unresolved
org
Deposit Insurance Corporation
p.49
unresolved
org
Bank Indonesia Regulation
p.56
unresolved
org
Bank Indonesia Circular Letter
p.56
unresolved
org
SWIFT Code
· Company Name
p.64
unresolved
org
Ministry of Justice
p.64 ×2
unresolved
org
PT Bank Agung
p.64 ×2
unresolved
org
PT Bank Tabungan Bandung
p.64 ×2
unresolved
org
PT Bank Amerta
p.64 ×2
unresolved
org
Bank Indonesia’s Board
p.65
unresolved
org
PT Bursa Efek Surabaya
p.65
unresolved
org
Bank Indonesia Decree
p.65 ×4
unresolved
org
Government of the Republic of Indonesia
p.65
unresolved
org
Bank Restructuring Agency
p.65
unresolved
person
Raden Meester Soewandi
· Notaris
p.65
unresolved
org
Ministry of Law
p.65 ×2
unresolved
person
CIMB Niaga Amrul Partomuan Pohan
p.66 ×4
unresolved
org
Ministry of Law and Human
p.66
unresolved
org
Minister of Law
p.66
unresolved
org
Bapepam-LK
p.66 ×2
unresolved
person
Notary Dr. Amrul Partomuan Pohan
p.66
unresolved
org
Ministry of Law and Human Rights
p.67
unresolved
org
Bank Indonesia Certificates
p.74
unresolved
org
Bank Indonesia Foreign Exchange Securities
p.75
unresolved
org
Bank Indonesia Foreign Currency Sukuk
p.75
unresolved
org
Bank Draft
p.75
unresolved
org
Bank Berhad
p.78 ×5
unresolved
person
Manager
· President Commissioner
p.78 ×4
unresolved
—
2019 and has participated in the last
p.78
unresolved
org
PT Surya
p.78
unresolved
org
Surya
2017) | Citra Media
p.78
unresolved
org
Citra Media Tbk
p.78
unresolved
org
PT Pabrik Kertas Basuki Rachmat
p.78
unresolved
org
PT London
p.78
unresolved
org
Sumatra Indonesia Tbk
p.78
unresolved
org
Ministry of Affiliated Relationship Finance
p.78
unresolved
org
Bank Vice
p.78
unresolved
person
Restructuring Agency
· President Commissioner
p.78 ×2
unresolved
—
Education and training in 2023 are
p.78 ×2
unresolved
org
Ministry of Finance
p.78
unresolved
org
PT Bahana Pembinaan Usaha Indonesia
p.78
unresolved
—
2020 and has participated in the last
p.78
unresolved
—
refreshment program on 11 January – 23
p.78
unresolved
org
Bank Indonesia Denpasar
p.79
unresolved
org
Bank Indonesia Manado Office
p.79
unresolved
person
Macroeconomic Studies
· Commissioner
p.79
unresolved
org
Independent Unilever Indonesia Tbk
p.79
unresolved
person
Certification Institute
· Commissioner
p.79
unresolved
person
Fransisco
· Commissioner
p.80
unresolved
org
Bank Berhad Berhad
p.80
unresolved
org
Resources Corporation
p.80
unresolved
org
Sdn Bhd
p.80
unresolved
org
Controlling Turnaround Managers Inc Sdn Bhd
p.80
unresolved
org
Maybank Indonesia Tbk
p.82 ×2
unresolved
org
Education Central Asia Tbk
p.82
unresolved
org
Bank Malaysia
p.82
unresolved
—
Reappointed
· Director
p.83
unresolved
org
Resolution Danamon Indonesia Tbk
p.83
unresolved
org
Internasional Indonesia Tbk
p.83
unresolved
org
Bank International Indonesia Tbk
p.83 ×2
unresolved
org
PT Bank International
p.83
unresolved
org
Indonesia Tbk
p.83
unresolved
person
Concurrent Positions
· Director
p.83
unresolved
org
Bank Commonwealth
p.84
unresolved
org
Bank Putra Surya Perkasa
p.84
unresolved
org
Bank Dharmala
p.84
unresolved
org
PT Mainsis
p.84
unresolved
org
PT Great
p.84
unresolved
org
Ultimate DBS Bank Ltd
p.85
unresolved
org
Certification American Express Bank Ltd.
p.85
unresolved
org
American Express Bank Ltd.
p.85 ×2
unresolved
org
Bank Raini
p.85
unresolved
org
Annual Report. Bank UOB Buana Tbk
p.85
unresolved
org
Bank UOB Buana Tbk
p.85
unresolved
org
UOB Buana Tbk
· Director
p.85
unresolved
org
Education Securities Inc.
p.86
unresolved
org
Amro Bank N.V.
· Director
p.86
unresolved
org
Education Niaga Tbk
p.86
unresolved
org
Professional Niaga Tbk
p.86
unresolved
org
PT I-Lead Wahyudi
p.86
unresolved
org
Minister of Justice Akta-akta
p.624
unresolved
org
Minister of Law Kehakiman Republik Indonesia
p.624
unresolved
org
Bank CIMB Niaga’s Articles
p.624
unresolved
person
Notary Ashoya Notaris Ashoya Ratam
· Notaris
p.624 ×3
unresolved
person
Ratam
p.624
unresolved
org
Menteri Hukum dan Asasi
p.624
unresolved
org
Minister of Law and Human Rights
p.624
unresolved
org
Menteri Keuangan
p.624
unresolved
org
Minister of Finance Republik Indonesia
p.624
unresolved
person
Engawati Gazali
p.632 ×2
unresolved
org
PT CIMB Niaga Saham
p.632
unresolved
org
Bank CIMB Niaga. Due
p.632
unresolved
org
Kementerian Hukum Dan Hak
p.632
unresolved
person
Glenn Muhammad Surya Yusuf
p.632 ×10
unresolved
person
Dato’ Abdul Rahman Ahmad
p.632 ×9
unresolved
person
David Richard Thomas
p.634 ×2
unresolved
person
Tigor M. Siahaan
p.634
unresolved
person
Endang Kussulanjari S.
p.635 ×5
unresolved
person
Angelique Dewi Daryanto
p.635 ×3
unresolved
person
Ronald T. A. Kasim
p.635 ×4
unresolved
org
Bank CIMB Niaga’s Audit Committee
p.635
unresolved
org
Bank CIMB Niaga’s Risk Oversight Committee
p.636
unresolved
org
Bank CIMB Niaga’s Nomination
p.637
unresolved
person
Nora Joice Kimbal
p.637 ×2
unresolved
org
Bank CIMB Niaga’s Integrated Governance Committee Niaga
p.637
unresolved
person
Serena K. Ferdinandus
p.637 ×2
unresolved
person
Yulizar D. Sanrego
p.637 ×2
unresolved
person
Achiran Pandu Djajanto
p.637 ×2
unresolved
org
Bank CIMB Niaga’s Sharia Supervisory Board
p.638
unresolved
org
Bank CIMB Niaga’s Internal Audit
p.638
unresolved
person
Antonius Pramana Gunadi.
p.638
unresolved
org
Niaga Tbk
p.638
unresolved
—
(kepemilikan di bawah 5%)
p.801 ×2
unresolved
org
CIMB Group Sdn Bhd, Malaysia
p.801
unresolved
person
Lani Darmawan Ibu Fransiska Oei
p.801 ×38
unresolved
person
Fransiska Oei Bpk. John Simon
p.801 ×15
unresolved
person
John Simon Bpk. Rusly Johannes
p.801
unresolved
person
Rusly Johannes Bpk. Pandji P Djajanegara
p.801 ×15
unresolved
person
Pandji P. Djajanegara Bpk. Lee Kai Kwong
p.801 ×29
unresolved
person
Lee Kai Kwong Ibu Tjioe Mei Tjuen
p.801 ×14
unresolved
person
Tjioe Mei Tjuen Bpk. Joni Raini
p.801 ×16
unresolved
person
Joni Raini Bpk. Henky Sulistyo
p.801 ×15
unresolved
person
Henky Sulistyo Halaman
p.801
unresolved
org
Bank Officers
p.807 ×4
unresolved
org
Bank Officers Gaji
p.807
unresolved
org
Bank CIMB Niaga Senior Vice
p.820
unresolved
org
Bank CIMB Niaga. Berdasarkan EOP
p.820
unresolved
org
Bank CIMB Niaga. Under
p.820
unresolved
org
Bank CIMB Niaga. Perusahaan
p.820
unresolved
org
CIMB Private Equity Sdn Bhd
p.827 ×2
unresolved
org
Pte Ltd
p.827 ×3
unresolved
org
Dana Pensiun Bank CIMB
p.827
unresolved
org
Bank BHD Singapore
p.827
unresolved
org
Bank Officers Halaman
p.827
unresolved
org
Bank Berhad CIMB Bank Plc
p.828
unresolved
org
Bank Plc CIMB Thai Bank Public Company Limited
p.828
unresolved
org
CIMB Thai Bank Public Company Limited
p.828
unresolved
org
Bank Berhad Shanghai
p.828 ×2
unresolved
org
PT CGS-CIMB Sekuritas Indonesia
p.828 ×5
unresolved
org
PT Niaga Manajemen Citra
p.828 ×3
unresolved
org
PT Niaga Manajemen Citra Aset
p.828
unresolved
org
PT Synergy Dharma Nayaga
p.829 ×2
unresolved
org
PT Commerce Kapital Southeast Asia Special Asset Vehicle
p.829
unresolved
org
Southeast Asia Special Asset Vehicle Limited
p.829
unresolved
org
CIMB Securities Limited CIMB Private Equity Sdn Bhd
p.829
unresolved
org
PT CGS-CIMB Sekuritas Indonesia CGS-CIMB Futures Indonesia
p.829
unresolved
org
PT CGS Konsultan Management CGS-CIMB Securities
p.829
unresolved
org
Dana Pensiun Bank CIMB Niaga
p.829 ×3
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