Corporate Presentation 3Q-2015

Transcription

1 Corporate Presentation 3Q-2015 PT Bank Negara Indonesia (Persero) Tbk < BBNI.IJ >

2 Agenda Business Update 3Q-2015 Result Highlights Financial Performance 3Q-2015 Business & Consumer Banking Appendix About BNI Macro Economy 5 years Financial Data Page 2

3 Business Update BNI continues to optimize Balance Sheet BNI still growing responsibly, with: 14.6% Loan Growth 13.3% Deposit Growth 14.1% Net Interest Income Growth Maintain 6,5% in Net Interest Margin Efficiency program was started to maintain profitability in line with normalizing cost of credit. Lower write off strategy applied to encourage dicipline within our loan officers for better loan quality ahead Thousand of Customers have been restructured as a result of pro-active restructuring program Despite current economic condition, our fundamental operations remain solid and we remain optimistic about long term growth and achieving our key targets Page 3

4 3Q-2015 Result Highlights ASSET Q2014 3Q2015 Y.o.Y Total Asset (IDR Billion) 333, , , , , % Loan (IDR Billion) 200, , , , , % Third Party Funds (IDR Billion) 257, , , , , % Net Interest Income (IDR Billion) 15,459 19,058 22,376 16,394 18, % P & L Non Interest Income (IDR Billion) 7,256 7,859 9,240 6,530 6, % Net Profit (IDR Billion) 7,046 9,054 10,783 7,611 5, % NIM 5.9% 6.1% 6.2% 6.1% 6.5% Page 4 Profitability & Efficiency Asset Quality Liquidity Capital ROE 20.0% 22.5% 23.6% 22.7% 16.1% ROA 2.9% 3.4% 3.5% 3.3% 2.5% CIR 49.5% 46.7% 43.8% 41.9% 43.4% BOPO 71.0% 67.1% 69.8% 70.6% 78.6% NPL (Gross) 2.8% 2.2% 2.0% 2.2% 2.8% NPL (Nett) 0.8% 0.5% 0.4% 0.5% 0.7% Coverage Ratio 123.0% 128.5% 130.1% 129.0% 139.6% LDR 77.5% 85.3% 87.8% 85.7% 87.7% LDR Rupiah 79.1% 85.6% 86.7% 85.7% 89.6% LDR - FX 68.7% 83.6% 94.5% 86.1% 79.2% Tier-1 CAR 15.2% 14.2% 15.3% 15.3% 14.7% Total CAR 16.7% 15.1% 16.2% 16.2% 17.4%

5 Financial Performance 3Q- 2015

6 Balance Sheet Highlight [Rp Billion] Q2014 3Q2015 Y.o.Y Total Assets 333, , , , , % Placement with other banks & BI 32,621 23,475 14,530 19,893 26, % Marketable Securities [market value] 9,817 8,528 12,743 14,607 8, % Government Bonds [market value] 38,561 44,884 43,830 42,514 43, % Loans (gross) 200, , , , , % Third Party Funds 257, , , , , % Deposits from other Banks 3,245 3,185 3,177 3,620 3, % Marketable Securities Issued 4,769 6,037 6,158 6,055 7, % Borrowings 8,750 18,951 11,212 11,355 8, % Shareholders Equity 43,525 47,684 61,095 57,874 63, % Page 6

7 Loan Composition Loan Composition [%. Rp Billion] Loan by Currency (%) Business Banking Segment Q2014 3Q2015 Growth [YoY - %] Composit ion [%] Corporate 40,064 68,385 72,874 69,553 80, % 26.2% SOE 32,171 43,849 46,841 48,291 54, % 17.7% Medium 35,730 30,722 40,324 38,304 46, % 15.1% Small 37,611 41,582 40,374 39,038 38, % 12.7% SUBTOTAL 145, , , , , % 71.6% Mortgage 25,286 31,733 33,341 32,769 33, % 11.0% Non IDR IDR 13% 15% 15% 14% 16% 87% 85% 85% 86% 84% Q2014 3Q2015 Average Yield on Loan (%) Bank Only Consumer Credit Card 4,934 5,489 7,777 5,952 9, % 3.1% Other Consumer 10,933 10,310 10,906 10,079 11, % 3.7% SUBTOTAL 41,153 47,532 52,024 48,800 54, % 17.9% Overseas 6,194 7,234 10,082 9,801 15, % 5.0% Subsidiaries 7,819 11,334 15,103 14,155 17, % 5.6% TOTAL 200, , , , , % 100.0% Q2014 3Q2015 Page 7

8 Loan Quality Bank Only Special Mention by Segment NPL Movement Q Q 2015 Corporate 1.9% 2.0% 1.5% 2.1% 1.2% Overseas 4.3% 0.3% 0.0% 0.0% 0.3% Middle 3.7% 2.2% 3.0% 3.9% 5.8% Small 4.6% 3.7% 4.0% 6.0% 5.4% Consumer 4.6% 4.7% 4.3% 5.7% 6.5% Total % 3.4% 2.8% 2.6% 3.6% 3.4% 5, ,655 Total (Rp Mn) 6,574 6,747 6,877 9,016 9,990 NPL by Segment Q Q 2015 Corporate 1.5% 1.2% 0.9% 1.3% 1.4% Overseas 1.4% 1.7% 1.7% 1.7% 1.1% Middle 4.0% 3.1% 2.6% 2.6% 4.7% Small 5.5% 5.3% 5.1% 5.6% 6.7% Consumer 1.5% 1.2% 1.5% 1.7% 2.4% Total % 2.8% 2.2% 2.0% 2.2% 2.8% Total (Rp Mn) 5,484 5,198 5,151 5,665 8,222 5,152 Beginning Balance ,222 Downgrade Upgrade Installment Paid Off Write Off Ending Balance 3Q15 Page 8

9 Loan Quality Bank Only Write off & Recovery Coverage Ratio Write Off (Rp Bn) Recovery (Rp Bn) Recovery vs Write Off 64.3% 76.6% NPL (Rp Bn) CKPN (Rp Bn) Coverage Ratio 139.6% 11, % 50.9% 60.0% 2,038 2,396 2, % 130.1% 128.5% 129.0% 6,746 6,679 6,703 7,309 1, ,169 3,126 3,552 2,528 1, Q2014 3Q Q Q 2015 Write Off (Rp Bn) 3,169 3,126 3,552 2,528 1,655 Recovery (Rp Bn) 2,038 2,396 2,051 1, Recovery Rate 64.3% 76.6% 57.7% 50.9% 60.0% 5,484 5,198 5,151 5,665 8, Q2014 3Q Q Q 2015 NPL (Rp Bn) 5,484 5,198 5,151 5,665 8,222 CKPN (Rp Bn) 6,746 6,679 6,703 7,309 11,476 Coverage Ratio 123.0% 128.5% 130.1% 129.0% 139.6% Page 9

10 Progress on Loan Restructuring Type of Loan Restructuring Loan Restructuring by Collectibility Extention of Loan Maturity, Reduction of Interest Rates and Others Extention of Loan Maturity and Reduction of Interest Rates Extension of Loan Maturity 6,115 6,370 4,715 4,933 6,888 5,031 9,868 6,688 14,838 8,227 4, % 18.5% 16.4% 18.3% 21.4% 17.5% 9.8% 24.6% 21.4% 22.4% 62.3% 71.7% 59.0% 60.4% 56.2% NPL Special Mention Pass 2, , ,541 3Q Q2015 1H2015 3Q2015 3Q Q2015 1H2015 3Q2015 Number of Business Banking Customers that has signed restructured agreement in 3Q-2015: 426 Customers in Special Mention Category with total balance Rp 3,6 Trilion 125 Customers in NPL Category with total balance Rp 1,4 Trilion Number Consumer Customers that has signed restructured agreement in 3Q-2015: 2304 Customers in Special Mention Category with total balance Rp 116 Billion 977 Customers in NPL Category with total balance Rp 21 Billion Page 10

11 Third Party Funds By Type [Rp Billion] Q Q 2015 YOY Current 73,366 88,183 82,743 80,269 92, % Saving 100, , , , , % Time Deposit 84,212 91, , , , % TOTAL 257, , , , , % CASA Ratio 67.3% 68.5% 64.5% 62.0% 60.9% By Currencies (%) Cost of Third Party Funds [%] Bank Only Non IDR 13% 16% 14% 14% 18% IDR % 84% 86% 86% 82% Q2014 3Q Q2014 3Q2015 CASA increased Rp 21.6 Trillion or 11.3% Y.o.Y. whereas CASA Ratio increased to 61% Page 11

12 Profit & Loss Highlight [Rp Billion] Q2014 3Q2015 Y.o.Y Interest Income 22,705 26,451 33,365 24,413 26, % Interest Expense (7,246) (7,392) (10,989) (8,019) (8,290) 3.4% Net Interest Income 15,459 19,058 22,376 16,394 18, % Premium Income Net *) % Non Interest Income 7,256 7,859 9,240 6,530 6, % Operating Income 22,972 27,412 31,748 23,021 25, % Operating Expense (11,805) (13,485) (14,760) (10,271) (11,957) 16.4% Pre-Provision Income 11,166 13,926 16,988 12,749 13, % Provisioning (2,525) (2,708) (3,642) (3,308) (6,403) 93.6% Non Operational Income/(Expense) % Net Income before Tax 8,900 11,278 13,524 9,593 7, % Net Income 7,046 9,054 10,783 7,611 5, % Net Income Per Share (full amount) % *) We offset Premium Income with Insurance Expense from Non Interest Income & Operating Expense since 1H 2015 Page 12

13 Non Interest Income Breakdown [Rp Billion, %] 7,256 7,859 9,240 6,530 6, % 8.3% 8.3% 7.3% 6.7% 28.1% 15.5% 20.1% 19.7% 27.2% 10.1% 7.5% 8.9% 1.7% 2.8% 6.8% 9.7% 9.1% 16.4% 6.8% 65.9% 50.9% 54.4% 54.9% 43.5% Breakdown Non Interest Income [Rp Billion] Breakdown recurring fee Total = Rp 4,825 Billion Debit Card Maintenance 3% Card Business 18% Q Q 2015 Recurring Fee 4,995 5,499 6,744 4,795 4,825 Non Recurring Fee Recovery 2,038 2,138 1,856 1, Total 7,256 7,859 9,240 6,530 6,409 Marketable Securities Forex Gain 2% 5% ATM 14% Bank Guarantee 5% Q Q 2015 Provision & Commissions Gain/Loss on MS Forex Gain Recovery Others Account Maintenance 18% Services Fee 7% Custody & Syndication 5% Others 8% Bancassurance 5% Trade Finance 5% Transfer & Bill Payment 3% Remittance 2% Page 13

14 Operating Expense Key highlights of OPEX [Rp Billion] Cost to Income Ratio Bank Only [%] 11,805 13,485 14,760 10,271 11, % 10.5% 9.2% 9.2% 11.0% 3.9% 0.7% 0.6% 3.8% 4.0% 4.3% 1.2% 6.9% 3.8% 6.9% 5.7% 5.2% 4.4% % 45.1% 45.9% 46.0% 45.9% 33.2% 33.7% 34.5% 34.8% 33.7% Q2014 3Q2015 Breakdown General & Administrative Expenses Total = Rp 4,033 Billion Outsourcing 21% Communicatio ns 22% Q2014 3Q2015 G&A Personel Exp Promotion Exp Gtee Premium to LPS OJK Fee Others Rental Expenses 22% Office Supplies 9% Depreciations 16% Repairs & Maintenance 10% Page 14

15 Business & Consumer Banking

16 Corporate Business Sectors *) (Rp Billion) By Sector Economy Q2014 3Q2015 Growth Y.o.Y Compos ition Manufacturing ,1% 32,2% Trading, Resto & Hotel ,7% 6,0% Agriculture ,8% 14,1% Business Services ,9% 9,1% Infrastructure Loan (Rp Billion) % 13% 15% 14% 16% 15% 17% 17% 16% 19% 21% 19% 19% 17% 17% 25% 26% 27% 23% 19% 23% 26% 23% 30% 29% Q2014 3Q2015 Telecommunication Transportation Toll Road & Construction Oil & Gas Power Plant Foreign Currency Rupiah By Currency Transport, Warehouse and Communications ,4% 11,2% 29% 30% 30% 27% 31% 71% 70% 70% 73% 69% Construction ,1% 3,9% Electricity, Gas and Water ,8% 10,4% Mining ,6% 9,1% Social Services ,7% 1,0% Others ,9% 3,1% Total Corporate & SOE ,4% 100,0% *) include Overseas Q2014 3Q2015 By Type Investment Working Capital 36% 35% 38% 33% 39% 64% 65% 62% 67% 61% Q2014 3Q2015 Page 16

17 Medium & Small Business By Sector Economy Government Program Sectors (Rp Billion) Q2014 3Q2015 Growth Y.o.Y Compos ition Manufacturing ,7% 19,7% Trading, Resto & Hotel ,2% 41,0% Agriculture ,3% 5,1% Business Services ,5% 11,4% Transport, Warehouse and Communications Page ,2% 6,2% Construction ,4% 8,8% Electricity, Gas and Water ,5% 0,9% Mining ,7% 2,1% Social Services ,1% 4,7% Others ,4% 0,0% Total Medium & Small ,3% 100,0% 5,622 4,821 3,985 4,091 2, Q2014 3Q2015 Govt. Program (Rp Bn) Customers (000) Average Balance per Customer 24 By Type 19 16% 15% 15% 16% 16% 84% 85% 85% 84% 84% 31% 30% 28% 31% 30% 69% 70% 72% 69% 70% Q2014 3Q2015 Investment Small Investment Medium Q2014 3Q2015 Small Medium Medium (Rp Billion); 24 Small (Rp Million); 403 Working Capital Small Working Capital Medium

18 Consumer Business Product (Rp Billion) Q2014 3Q2015 GROWTH [YoY - %] Composition [%] NPL by product (%) Mortgage 25,286 31,733 33,341 32,769 33, % 61.5% Auto Loan 6,665 5,821 6,041 5,421 5, % 10.0% Credit Card 4,934 5,489 7,777 5,952 9, % 17.6% Multi Purpose % 0.1% Cash Collateral % 1.0% Payroll ,265 1,135 2, % 4.3% Others 2,555 2,760 2,942 2,868 3, % 5.5% Total Consumer 41,153 47,532 52,024 48,800 54, % 100.0% Q Q 2015 Mortgage Credit Card Auto Debit & Credit Cards Performance 24,716 24,036 20,228 17,856 1,725 1,616 16,441 1,650 1,610 1,656 9,938 8,331 6,757 7,293 4,673 11,874 13,037 10,139 9,731 10, Q2014 3Q2015 Credit Card Accts (000) Debit Card Accts (000) DC Trx Vol (Rp Bn) CC Trx Vol (Rp Bn) Page 18 Acquiring Business 36,638 33,006 27,370 26,442 26,462 42,678 56,272 71,007 67,557 83, Q2014 3Q2015 Number of EDC Sales Vol (Rp Bn) In 2015, Consumer Business will focus on 1. Mortgage, Credit Card and Payroll 2. Increase transaction volume through e-channel optimization 3. Maintain NIM and NPL

19 E-Banking ATM #ATM (000) ATM #Transaction (Million) ATM #Trx Value (Rp Triliun) E-Banking fees a significant and growing part of our Non Interest Income Q14 3Q Q14 3Q Q14 3Q15 Total Fee Income related to E-Banking (Rp Billion) SMS Banking #User (million) SMS Banking #Transaction (Million) SMS Banking #Trx Value (Rp Triliun) Q14 3Q Q14 3Q Q14 3Q Internet Banking #User (000) Internet Banking #Transaction (Million) Internet Banking #Trx Value ( Rp Triliun) Q14 3Q Q14 3Q Q14 3Q Q14 3Q15 Page 19

20 Thank you Disclaimer: This report has been prepared by PT Bank Negara Indonesia (Persero) Tbk (Bank BNI) independently and is circulated for the purpose of general information only, It is not intended to the specific person who may receive this report, The information in this report has been obtained from sources which we deem reliable, No warranty (expressed or implied) is made to the accuracy or completeness of the information, All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice, We disclaim any responsibility or liability without prior notice of Bank BNI and/or their respective employees and/or agents whatsoever arising which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Bank BNI and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise, PT Bank Negara Indonesia (Persero) Tbk Investor Relations Group Corporate Secretary & Communications Division, BNI Building, 24th Floor Jl Jend Sudirman kav. 1 Jakarta T: F: E: investor.relations@bni.co.id

21 About BNI

22 Board of Directors Achmad Baiquni President Director Previously: CFO of BRI, MD of BNI Suprajarto Vice President Director Previously: MD of BRI Anggoro Eko Cahyo MD Consumer Banking Previously: GM Human Capital, Region Head Herry Sidharta MD Business Banking 1 Previously: Director of JAMKRINDO Sutanto MD Business Banking 2 Previously: MD of BNI Adi Sulistyowati MD Channel & Services Previously: GM Network, Region Head Rico Budidarmo Chief Financial officer Previously: MD of BTN Bob Tyasika Ananta MD Operation & IT Previously: GM Strategic Planning, GM International Division Imam Budi Sarjito MD Compliance & Risk Mgt Previously: GM Enterprise Risk Mgt, Commissioner of BNI Syariah Page 22

23 Board of Commissioners Pradjoto Vice President Commissioner Previously: Commissioner of Bank Mandiri Daniel Theodore Sparringa Commissioner Currently: Lecturer at University of Airlangga, Surabaya Kiagus Ahmad Badaruddin Commissioner Currently: Secretary General of Ministry of Finance Anny Ratnawati Independent Commissioner Previously: Deputy Ministry of Finance, Jos Luhukay Independent Commissioner Previously: Vice President Director of Bank Danamon Zulkifli Zaini Independent Commissioner Previously: CEO of Bank Mandiri, Commissioners of PLN Revrisond Baswir Independent Commissioner Currently: Head of Population Economy Studies, University of Gadjah Mada, Commissioners of PTPN XI Pataniari Siahaan Commissioner Currently: Lecturer at University of Trisakti Page 23

24 Network & Distribution BNI s multiple touch points for individual and corporate customers Mobile banking Call Center ATMs (14.219) Outlets (1795) Consumer loan centers (12) Small business centers (58) Medium business centers (24) Indonesia (1789 Outlets) Overseas offices Singapore (Nov 1955) Hong Kong (Apr1963) Tokyo (Sep 1969) & Osaka (2013) London (1987) New York Agency (Apr 1971) BNI has also entered into key arrangements with prominent companies for payment channeling, financing, loan distribution, and network/outlet development Individual customer highlights Corporate/SME customer highlights 15,5 mn deposit accounts 1,7 mn credit cards mortgage customers corporate deposit accounts corporate borrowers accounts SME lending accounts Platform for efficient and effective cross-selling of products and services Page 24

25 BNI Ratings Fitch Rating National long term rating Long term foreign & local currency Short term foreign & local currency Individual rating Subordinated debt AA- (idn) BB/Stable B D BB- AA+ (idn) BBB-/Stable F3 WD -- Standard & Poor's Credit rating Long term issuer credit rating Subordinated rating BB-/Stable/B BB- B BB/Positive/B BB -- Moody's Bank Deposits Senior Unsecured Bank Financial Strength Rating Outlook B1 Ba2 D- Stable Baa3 Baa3 D+ Stable Pefindo Corporate rating / Outlook Bond 1 Subordinated idaa-/stable idaa-/stable ida+/stable idaaa/stable Page 25

26 BNI Shares BBNI shares performance BBNI Public Ownerships [40.00%] Individual Domestic 5% Cooperation 0% Foundation 0% Pension Fund 3% Bank 0% Insurance 6% Institution - Foreign 68% Institution - Domestic 7% Other Institution 0% Mutual Fund 12% Individual Foreign 0% As September, 2015 BNI s close price September 30, 2015 (Rp 4,135) was 25.1% lower than on September 30, 2014 (Rp 5,525) Issued shares shares Price [September 30, 2015] : Rp 4,135 Market Capitalization : Rp trillion [+/- US$ 5,7 billion] Ownerships % Government RI 60.00% Public Domestic 13.00% Public - Foreign 27.00% Page 26

27 Macro Economy

28 Macro & Banking Sector GDP Component by Expenditure Indonesia Trade Balance (in USD Billion) 6.17% 6.03% 5.58% 5.02% 56% 55% 55% 55% 4.71% 55% 9% 9% 9% 10% 9% 32% 33% 33% 33% 32% 26% 25% 25% 24% 22% -24% -25% -24% -24% -21% Private Consumption Govt. Spending Fix.Cap. Formation Export Import (0.29) (0.26) (0.31) 0.19 (0.42) Q2015 Foreign Reserve (in USD Billion) and Exchange Rate (in IDR/USD) Interest Rate and Inflation %YoY Foreign Reserve 12,171 Exchange Rate 12,672 13,074 13,224 13,481 14,657 BI Rate, , YoY Inflation, 7.26 FASBI Rate, Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sept-15 Source: Bank Indonesia, BPS Page Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Ags-15 Sep-15

29 Banking Sector Highlights Banking Sector Highlights in IDR Trillion Dec-12 Dec-13 July-14 Dec-14 July-15 YoY YTD Total Assets 4,263 4,954 5,131 5,615 5,926 15,5% 5.5% Total Loan 2,708 3,293 3,495 3,674 3, % 4.4% Total Deposits 3,225 3,664 3,787 4,114 4, % 5.2% MACROECONOMIC Macro & Banking Assumptions 2015 BNI VIEW 2016 BNI VIEW GDP Growth (%) Inflation (%) Currency (IDR/USD) 13,500-14, BI Rate (%) NIM 5.49% 4.89% 4,20% 4.23% 5,32% NPL 1.87% 1.77% 2,24% 2.20% 2,70% LDR 84.0% 89.7% 92,2% 89.4% 88,5% CAR 17.4% 18.1% 19,4% 19.4% 20,8% BANKING SECTOR 2015 BNI VIEW 206 BNI VIEW Loan Growth (%) Deposit Growth (%) Source: Bank Indonesia & BNI estimate As of July 2015, Indonesia Banking Loan grew at 9.7% yoy, while year to date growth at 4.4%. Deposit growth of 14,3% yoy improve liquidity situation Industry NPL s as of July 2015 jump to 2.70% from 2,24% in July 2014 last year NIM increase more than 112 bps to 5.32% in July 2015 compare to July 2014 level (4,20%) Page 29

30 5 years Financial Data

31 Balance Sheet (Rp Billion) Cumulative Q2014 3Q2015 Y.o.Y Total Assets 248, , , , , , , % Placement with other banks & BI 38,385 49,329 32,621 23,475 14,530 19,893 26, % Marketable Securities [market value] 13,229 7,668 9,817 8,528 12,743 14,607 8, % Government Bonds [market value] 32,556 36,958 38,561 44,884 43,830 42,514 43, % Loans [gross] 136, , , , , , , % Third Party Funds 194, , , , , , , % Deposits from other Banks 3,476 7,019 3,245 3,185 3,177 3,620 3, % Marketable Securities Issued 1, ,769 6,037 6,158 6,055 7, % Borrowings 5,473 8,726 8,750 18,951 11,212 11,355 8, % Shareholders Equity 33,150 37,843 43,525 47,684 61,095 57,874 63, % Page 31

32 Profit & Loss [Rp Billion] Q2014 3Q2015 Y.o.Y Interest Income 18,837 20,692 22,705 26,451 33,365 24,413 26, % Interest Expense (7,100) (7,496) (7,246) (7,392) (10,989) (8,019) (8,290) 3.4% Net Interest Income 11,737 13,196 15,459 19,058 22,376 16,394 18, % Premium Income Net *) (15) % Non Interest Income 5,716 6,563 7,256 7,859 9,240 6,530 6, % Operating Income 17,438 19,887 22,972 27,412 31,748 23,021 25, % Operating Expense (8,300) (10,224) (11,805) (13,485) (14,760) (10,271) (11,957) 16.4% Pre-Provision Income 9,138 9,663 11,166 13,926 16,988 12,749 13, % Provisioning (3,629) (2,421) (2,525) (2,708) (3,642) (3,308) (6,403) 93.6% Non Operational Inc/(Exp) (24) % Net Income before Tax 5,485 7,461 8,900 11,278 13,524 9,593 7, % Net Income 4,102 5,826 7,046 9,054 10,783 7,611 5, % Net Income Per Share (full amount) % *) We offset Premium Income with Insurance Expense from Non Interest Income & Operating Expense since 1H 2015 Page 32

33 Financial Ratios [%] Q2014 3Q2015 YoY CAPITAL Shareholders equity to total assets Tier I CAR (include operational risk) Tier II CAR (include operational risk) Total CAR (credit, market + operational risk) ASSET QUALITY Net Non Performing Loan Gross Non Performing Loan Allowance for possible loan losses to gross NPL Page 33

34 Financial Ratios [%] Q2014 3Q2015 YoY RENTABILITY *) ROA ROE Net Interest Margin EFFICIENCY Cost to Income Ratio Operating Expense to Operating Income [BOPO] LIQUIDITY Loan to Deposit Ratio COMPLIANCE Statutory Reserve Requirement (Rupiah) Net Open Position *) Based on BI Formula Bank Only Page 34