BANK BRI Annual Report 2013
18
Annual Report 2013 Excellent Services , Reaching Across the Archipelago Achieving the Best through A Bank with the Best Growth in Micro, Small, and Medium Enterprise Business in Indonesia
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Transcript of BANK BRI Annual Report 2013
Reaching Across the Archipelago
Achieving the Best through
Archipelago
micro, small, and medium
the best MSME loan growth,
increasing its total assets
to Rp626,18 trillion and
trillion, while maintaining
non performing loan
14.3% to Rp 21.35 trillion.
Bank BRI is committed
to optimize synergy in
to generate quality and
disbursement capacity.
Human Resources
MSME business
140
120
100
80
60
40
0
20
6.5
6.2
6.0
5.7
7
6
5
4
3
2
0
1
842
802
766
720
Migration of Micro KUR Loan Borrowers to Commercial Micro Loan* (In thousand)
840
720
600
480
360
240
0
120
1.04%*
Commercial
24.33% and 22.90%*
Throughout 2013, BRI successfully carried out loan expansion through its other segments, as well
as growing other financial services, harmoniously and in line with loan expansion in the MSME segment.
Balancing the Growth of Other
Business Segments
Consumer segment, corporate loan for SOEs and non-SOEs as well as other financial services
(such as e-banking, trade finance, remittances and capital market services) continued to grow alongside Indonesia’s
banking industry.
SOE loans grew
10 20 30 40 50 60 70 80 90 100
23,71%
11.52%
19.34%
29.22%
37.47%
78.51%
e-Banking related fee
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 7
* Bank only
756 operating units, consisting of Branch Offices, Sub-Branch Offices, Cash Offices, BRI Units, and Teras BRI. BRI also broadened its
e-channel network with an addition of 45,329 network.
BRI has grown into the
largest commercial bank, with a vast presence in
Indonesia. It is supported
by 9,808 operating units and 104,570 extensive e-channel networks, integrated and able to provide services from any location, in
real-time online. An advanced information technology system allows well-managed direct interaction
with customers. With enhanced accuracy, BRI
is able to maintain the
trust and satisfaction of its customers, currently totaling 48 million accounts.
Such wide-range facilities
enable BRI to offer banking products and services, as needed, for all customers, from any segment, anytime and
anywhere.
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 9
* bank only
base, amounting to 48
million accounts, BRI has
been able to generate
expansion. Loan to Deposit
88.54%, while low-cost
funds occupied around
stable interest expense.
Aside from third-party
funds, investors’ trust,
arising from proven
good implementation of
secure long-term financing
sum of US$500 million,
coupon.
a strong capital structure.
Capital Adequacy Ratio
capital, or 16.13% of Tier I
CAR.
‘12 ‘13
550
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 11
* bank only
by Improving the Quality of GCG
Implementation
BRI has succeeded in putting in place sound Corporate Governance implementation, reliable Information Technology infrastructure, and
enhanced competency and integrity of human resources, all as a solid foundation for sustainable growth.
The fundamental principles of GCG are applied consistently in loan channeling processes at BRI, assuring transparent, planned,
responsible, accountable, and focused efforts to maximize competitive advantages.
As a result, BRI has been able to grow total assets through quality loan expansion, reflected by improvement in total NPL.
0.00
0.500
1.00
1.500
2.00
2.500
3.00
3.500
4.00
4.500
3.52%
2.78%
0.00
0.100
0.200
0.300
0.400
0.500
0.600
0.700
0.800
0.900
1,000
1,100
0.74%
1.08%
0.42%
0.34%
0.31%
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 13
* bank only
A focused, planned and integrated business effort with consistency in improving the quality
of corporate governance practices has result in outstanding performance exceeding peers average despite the challenging economic conditions
throughout 2013
Outstanding Performance
36.48
44.11
3.93
4.86
18.68
21.35
Balance Sheet
Total Earning Assets 299,063 379,696 432,647 499,042 568,546
Loan - Gross 208,123 252,489 294,515 362,007 448,345
Government Recap Bonds 15,027 13,626 8,996 4,316 4,511
Investments in Shares - Net 111 134 165 197 223
Total Liabilities 289,690 367,612 420,079 486,455 546,856
Third-party Funds 255,928 333,652 384,264 450,166 504,281
- Demand Deposits 50,094 77,364 76,779 79,723 79,337
- Saving Deposits 104,463 125,990 154,133 184,717 212,997
- Time Deposits 101,371 130,298 153,353 185,726 211,948
Other Interest Bearing Liabilities 21,284 17,297 19,361 15,784 14,873
Capital/Equity 27,257 36,673 49,820 64,882 79,327
Profit/Loss
Net Interest Income :
Other Operating Income 3,270 5,545 5,776 8,390 8,348
Other Operating Expenses (11,960) (16,114) (17,086) (19,491) (22,381)
Provision for impairment losses on financial assets (5,799) (7,917) (5,533) (2,700) (3,946)
Income Before Tax 9,891 14,908 18,756 23,860 27,910
Net Income for the year 7,308 11,472 15,088 18,687 21,354
Income attributable to equity holders of parent
entity N/A 11,472 15,083 18,681 21,344
Income attributable to non-controlling interests N/A Nil 5 6 10
Comprehensive Income N/A 11,559 15,296 18,661 19,917
Comprehensive income attributable to equity
holders of parent entity N/A 11,559 15,288 18,652 19,913
Comprehensive income attributable to non-
controlling interests N/A Nil 8 9 3
Earnings per share (Rp) 304.75 478.36 628.91 757.26 865.22
Financial Ratio
Earning Assets
Earning Assets and Non Performing Assets to
total earning assets and non performing assets 2.59% 2.19% 1.79% 1.19% 1.06%
Non performing earning assets 2.68% 2.24% 1.85% 1.46% 1.28%
Allowance for possible losses to earning assets 4.29% 4.58% 4.51% 3.43% 2.90%
Non Performing Loans (NPL Gross) 3.52% 2.78% 2.30% 1.78% 1.55%
Profitability
Income) 77.66% 70.86% 66.69% 59.93% 60.58%
Liquidity
Compliance
- Related Parties Nil Nil Nil Nil Nil
- Unrelated Parties Nil Nil Nil Nil Nil
504.281
450,166
384,264
333,652
255,928
400000
500000
600000
300000
200000
100000
0
21,354
18,687
15,088
11,472
7,308
20000
25000
15000
10000
5000
0
34.11
38.66
42.49
43.83
35.22
16.99
16.95
14.96
13.76
13.20
60.58
59.93
66.69
70.86
77.66
78
70
62
54
46
38
626,183
551,337
469,899
404,286
316,947
700000
600000
500000
400000
300000
200000
0
100000
448,345
362,007
294,515
252,489
208,123
350000
400000
450000
300000
250000
200000
150000
100000
0
50000
4,860
3,928
3,367
2,813
2,102
3500
4000
4500
5000
3000
2500
2000
1500
1000
0
500
23,049
32,889
34,427
36,484
35,334
44,615
48,164
49,610
59,461
44,106
600000
500000
400000
300000
200000
0
100000
Financial Highlights
- Related Parties Nil Nil Nil Nil Nil
- Unrelated Parties Nil Nil Nil Nil Nil
Statutory Reserves 5.90% 8.05% 9.33% 10.64% 8.02%
Net Open Position 5.22% 4.45% 5.49% 3.00% 3.15%
The financial figures presented above represent BRI’s consolidated financial statements with subsidiaries PT BRISyariah, PT Bank AgroniagaTbk, BRIngin Remittance Co, Ltd for the year 2013, but only with subsidiary PT BRISyariah for the year 2010, Financial ratios use data of bank only,
*Market risk and operational risk have been taken into account, starting 2004 and 2010, respectively
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 17
* bank only
18 January • In partnership with DKI Jakarta
Government, BRI launched e-Tax BRI, an online tax payment service for DKI Jakarta residents
28 February • Shareholders approved a 30%
Dividend Payout Ratio. Share dividend was Rp225.2320 per share, totaling Rp5.5 trillion – the largest in the banking industry.
14 March • BRI successfully increased
long-term financing by issuing Global Bonds with a total value amounting to USD500 million, a 2.95% coupon and maturity date on 28 March 2018.
27 April • Supporting the development
of sports, BRI launched BRIZZI Basketball Edition Card.
20 May • CSR BOD Teaching Activity,
“Winning Mentality with BRI”, held simultaneously in 7 Cities.
23 May • BRI exhibited the latest banking
technology during IBEX (Indonesia Banking Expo)
20 June • In partnership with PT Telkom
(Persero) Tbk BRI forged synergy between SOEs for Financial Inclusion service, BRI launched T-BANK. Cell phone users now may access banking services without being required to visit the Bank.
Achieving the Best through
Archipelago
micro, small, and medium
the best MSME loan growth,
increasing its total assets
to Rp626,18 trillion and
trillion, while maintaining
non performing loan
14.3% to Rp 21.35 trillion.
Bank BRI is committed
to optimize synergy in
to generate quality and
disbursement capacity.
Human Resources
MSME business
140
120
100
80
60
40
0
20
6.5
6.2
6.0
5.7
7
6
5
4
3
2
0
1
842
802
766
720
Migration of Micro KUR Loan Borrowers to Commercial Micro Loan* (In thousand)
840
720
600
480
360
240
0
120
1.04%*
Commercial
24.33% and 22.90%*
Throughout 2013, BRI successfully carried out loan expansion through its other segments, as well
as growing other financial services, harmoniously and in line with loan expansion in the MSME segment.
Balancing the Growth of Other
Business Segments
Consumer segment, corporate loan for SOEs and non-SOEs as well as other financial services
(such as e-banking, trade finance, remittances and capital market services) continued to grow alongside Indonesia’s
banking industry.
SOE loans grew
10 20 30 40 50 60 70 80 90 100
23,71%
11.52%
19.34%
29.22%
37.47%
78.51%
e-Banking related fee
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 7
* Bank only
756 operating units, consisting of Branch Offices, Sub-Branch Offices, Cash Offices, BRI Units, and Teras BRI. BRI also broadened its
e-channel network with an addition of 45,329 network.
BRI has grown into the
largest commercial bank, with a vast presence in
Indonesia. It is supported
by 9,808 operating units and 104,570 extensive e-channel networks, integrated and able to provide services from any location, in
real-time online. An advanced information technology system allows well-managed direct interaction
with customers. With enhanced accuracy, BRI
is able to maintain the
trust and satisfaction of its customers, currently totaling 48 million accounts.
Such wide-range facilities
enable BRI to offer banking products and services, as needed, for all customers, from any segment, anytime and
anywhere.
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 9
* bank only
base, amounting to 48
million accounts, BRI has
been able to generate
expansion. Loan to Deposit
88.54%, while low-cost
funds occupied around
stable interest expense.
Aside from third-party
funds, investors’ trust,
arising from proven
good implementation of
secure long-term financing
sum of US$500 million,
coupon.
a strong capital structure.
Capital Adequacy Ratio
capital, or 16.13% of Tier I
CAR.
‘12 ‘13
550
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 11
* bank only
by Improving the Quality of GCG
Implementation
BRI has succeeded in putting in place sound Corporate Governance implementation, reliable Information Technology infrastructure, and
enhanced competency and integrity of human resources, all as a solid foundation for sustainable growth.
The fundamental principles of GCG are applied consistently in loan channeling processes at BRI, assuring transparent, planned,
responsible, accountable, and focused efforts to maximize competitive advantages.
As a result, BRI has been able to grow total assets through quality loan expansion, reflected by improvement in total NPL.
0.00
0.500
1.00
1.500
2.00
2.500
3.00
3.500
4.00
4.500
3.52%
2.78%
0.00
0.100
0.200
0.300
0.400
0.500
0.600
0.700
0.800
0.900
1,000
1,100
0.74%
1.08%
0.42%
0.34%
0.31%
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 13
* bank only
A focused, planned and integrated business effort with consistency in improving the quality
of corporate governance practices has result in outstanding performance exceeding peers average despite the challenging economic conditions
throughout 2013
Outstanding Performance
36.48
44.11
3.93
4.86
18.68
21.35
Balance Sheet
Total Earning Assets 299,063 379,696 432,647 499,042 568,546
Loan - Gross 208,123 252,489 294,515 362,007 448,345
Government Recap Bonds 15,027 13,626 8,996 4,316 4,511
Investments in Shares - Net 111 134 165 197 223
Total Liabilities 289,690 367,612 420,079 486,455 546,856
Third-party Funds 255,928 333,652 384,264 450,166 504,281
- Demand Deposits 50,094 77,364 76,779 79,723 79,337
- Saving Deposits 104,463 125,990 154,133 184,717 212,997
- Time Deposits 101,371 130,298 153,353 185,726 211,948
Other Interest Bearing Liabilities 21,284 17,297 19,361 15,784 14,873
Capital/Equity 27,257 36,673 49,820 64,882 79,327
Profit/Loss
Net Interest Income :
Other Operating Income 3,270 5,545 5,776 8,390 8,348
Other Operating Expenses (11,960) (16,114) (17,086) (19,491) (22,381)
Provision for impairment losses on financial assets (5,799) (7,917) (5,533) (2,700) (3,946)
Income Before Tax 9,891 14,908 18,756 23,860 27,910
Net Income for the year 7,308 11,472 15,088 18,687 21,354
Income attributable to equity holders of parent
entity N/A 11,472 15,083 18,681 21,344
Income attributable to non-controlling interests N/A Nil 5 6 10
Comprehensive Income N/A 11,559 15,296 18,661 19,917
Comprehensive income attributable to equity
holders of parent entity N/A 11,559 15,288 18,652 19,913
Comprehensive income attributable to non-
controlling interests N/A Nil 8 9 3
Earnings per share (Rp) 304.75 478.36 628.91 757.26 865.22
Financial Ratio
Earning Assets
Earning Assets and Non Performing Assets to
total earning assets and non performing assets 2.59% 2.19% 1.79% 1.19% 1.06%
Non performing earning assets 2.68% 2.24% 1.85% 1.46% 1.28%
Allowance for possible losses to earning assets 4.29% 4.58% 4.51% 3.43% 2.90%
Non Performing Loans (NPL Gross) 3.52% 2.78% 2.30% 1.78% 1.55%
Profitability
Income) 77.66% 70.86% 66.69% 59.93% 60.58%
Liquidity
Compliance
- Related Parties Nil Nil Nil Nil Nil
- Unrelated Parties Nil Nil Nil Nil Nil
504.281
450,166
384,264
333,652
255,928
400000
500000
600000
300000
200000
100000
0
21,354
18,687
15,088
11,472
7,308
20000
25000
15000
10000
5000
0
34.11
38.66
42.49
43.83
35.22
16.99
16.95
14.96
13.76
13.20
60.58
59.93
66.69
70.86
77.66
78
70
62
54
46
38
626,183
551,337
469,899
404,286
316,947
700000
600000
500000
400000
300000
200000
0
100000
448,345
362,007
294,515
252,489
208,123
350000
400000
450000
300000
250000
200000
150000
100000
0
50000
4,860
3,928
3,367
2,813
2,102
3500
4000
4500
5000
3000
2500
2000
1500
1000
0
500
23,049
32,889
34,427
36,484
35,334
44,615
48,164
49,610
59,461
44,106
600000
500000
400000
300000
200000
0
100000
Financial Highlights
- Related Parties Nil Nil Nil Nil Nil
- Unrelated Parties Nil Nil Nil Nil Nil
Statutory Reserves 5.90% 8.05% 9.33% 10.64% 8.02%
Net Open Position 5.22% 4.45% 5.49% 3.00% 3.15%
The financial figures presented above represent BRI’s consolidated financial statements with subsidiaries PT BRISyariah, PT Bank AgroniagaTbk, BRIngin Remittance Co, Ltd for the year 2013, but only with subsidiary PT BRISyariah for the year 2010, Financial ratios use data of bank only,
*Market risk and operational risk have been taken into account, starting 2004 and 2010, respectively
ANNUAL REPORT 2013 | PT BANK RAKYAT INDONESIA PERSERO Tbk. 17
* bank only
18 January • In partnership with DKI Jakarta
Government, BRI launched e-Tax BRI, an online tax payment service for DKI Jakarta residents
28 February • Shareholders approved a 30%
Dividend Payout Ratio. Share dividend was Rp225.2320 per share, totaling Rp5.5 trillion – the largest in the banking industry.
14 March • BRI successfully increased
long-term financing by issuing Global Bonds with a total value amounting to USD500 million, a 2.95% coupon and maturity date on 28 March 2018.
27 April • Supporting the development
of sports, BRI launched BRIZZI Basketball Edition Card.
20 May • CSR BOD Teaching Activity,
“Winning Mentality with BRI”, held simultaneously in 7 Cities.
23 May • BRI exhibited the latest banking
technology during IBEX (Indonesia Banking Expo)
20 June • In partnership with PT Telkom
(Persero) Tbk BRI forged synergy between SOEs for Financial Inclusion service, BRI launched T-BANK. Cell phone users now may access banking services without being required to visit the Bank.
