stronger fundamentals
for greater Indonesia
Theme Explanation:
“Stronger Fundamentals for Greater Indonesia” theme is defined as Bank Syariah Mandiri (BSM) people is committed to
continuously strengthen corporate principal foundation and affirm BSM step in achieving corporate objective as part of the
contribution in elevating Indonesian nation welfare..
1. Stronger Fundamentals:
• Corporate principal foundation is spiritual foundation as core ideology which defines BSM existence meaning
• The BSM core ideology or spiritual foundation is formulated on Credo, “Alhamdulillah, we compete in building
noble economic civilization.”
2. For Greater Indonesia:
BSM dynamically improves capability by implementing new initiatives which are assured will boost its business growth,
as part of the contribution to elevate Indonesian Nation welfare.
Therefore, BSM people has Employee Value Proposition (EVP) to strengthen BSM setps in facing challenges ahead. BSM
has formulated Employee Value Proposition (EVP) as “…where spirituality, nationalism and welfare unite.”
Annual Report 2013
i
PT Bank Syariah Mandiri
Explanation of Design and Supporting Photographs:
Design:
Overall deisgn and layout (cover and content) and logo placement is referred to BSM Brand Guidelines as consistent effort to
strengthen corporate identity.
Divider Photo:
1. Divider photos comprise the Craft Art masterpiece photographs as the reflection of Indonesian culture.
2. Photographs setting and perspective is particularly preferred that will bolster art making process visual effect to reflect
inspiration, dedication for perfection.
3. The photo selection is aligned with values upheld by BSM which are spirituality, entrepreneurship and nationalism.
4. To strengthen BSM theme and value definition, we visualize craft art photographs from several regions in Indonesia.
Content Photo:
1. Content photos are part of activities carried by BSM in 2013 comprising of MOU signing, visit to customers business
location, employees training, promotional activity, customer gathering, awards and Corporate Social Responsibility
(CSR) activity.
2. Photo selection is aimed to support the content of reporting page.
Cover Photo Story:
1. Main photo:
• Two children are discussing or learning together with happiness expression emitted from both faces.
• The photo is visualization of BSM people spirit to continuously develop mental - spiritual quality and mind
intelligence as the foundation to achieve bright future as stated on company’s tag line, “For Noble Civilization..
2. Supplementary photo:
• Series of child of the nation photograph with their work, as the reflection of nation’s assets, entrepreneurship spirit
and Indonesian nation spirituality.
Explanation of Corporate Logo :
1. General Explanation:
• Small caps fonts for logo letter reflects bonding with the customers in humble attitude.
• Being friendly to entire business segment from all level.
• Both logo writing (“mandiri” and “syariah”) as a unity, thus allowed to change on its color if considered necessary.
2.
Font color:
• Green represents fertility, wealth, serenity
• Green color is also identical with universal Islamic world.
3. Liquid Gold Stream
• Liquid gold stream represents fortune, welfare and glory
• Gold circular as agile, progressive, looking forward, excellent characters symbol towards every possibility.
PT Bank Syariah Mandiri
1
Annual Report
Laporan
Tahunan
2013
2013
Table Of Contents
4
Continuity
Theme
8
Performance
Highlight
2013
24
The
Company
at a Glance
64
Human
Resources
Development
84
Theme Explanation
i
Table Of Content
2
Stronger Fundamentals for Greater
Indonesia
6
Management
Report
118
Banking
Business
Review
Board Of Commissioners Report
86
Sharia Supervisory Board Report
100
Report From The Board Of Directors
104
Indonesian Economy and Banking
Industry Prospect
Asset Market Share
120
Third Party Fund Market Share
123
Financing Market Share
124
Funding
128
Financing
134
Treasury and International Banking
144
Fee Based Income
146
122
Contribution To Country
10
BSM Facts In 2013
14
Financial Position 2013
16
Statement of Income 2013
18
Ratios of 2013
20
Non-Financial 2013
22
Corporate Identity
26
Financial Report Position Trend
150
History Brief
28
Vision and Mission
30
Corporate Values
32
Comprehensive Income Statement
Cash Flows Report
Key Financial Ratio
154
155
158
Target and Objectives
34
159
Banking Products and Services
36
Allowance for Earning Asets Write-Off
(PPAP) and Collectability Ratio
Capital Structure and Management
Structure Organization
42
Operation Area
44
161
162
Company structure
46
Bank Soundness Level and Solvability
Material Commitment for Capital Goods
Investment
The Bank Shareownership
48
162
Shares Listing Chronology
50
Other Securities Listing Chronology
50
Subsequent Material Information
and Fact
Description on Capital Goods
Investments
Company’s Supporting Professional
Institution
Profile of Subsidiaries and Affiliations
50
163
Award
52
Rating
53
Extraordinary Financial
Information
Substantive Component of Other
Income and Expenses
Operating Income Growth Materiality
Impact of Pricing Policy in Recent 2 Years
Corporate Event
54
List of Awards
56
Employees Profile
67
Subsequent Information
Profit Sharing Calculation Method
Business Prospect
163
163
164
Recruitment
68
Marketing Aspect
165
Organization and Position
69
Dividend Policy
168
Remuneration System
70
Employees Assessment
71
168
168
Reward and Punishment Policy
71
BSM Competency Potential
72
Employees Development and
Training
74
E-Learning
78
Knowledge Management Program
79
Employment and Occupational
Health and Safety
82
IPO Proceeds and Realization
Material Information on Expansion,
Divestment, Acquisition and
Restructuration
Material Information Containing Conflict
of Interest
Changes in Regulation Impact to the
Company
Implementation of Accounting
Guidelines for Indonesian Syariah
Banking (“PAPSI”) 2013 and New
Accounting Pronouncement
PT Bank Syariah Mandiri Laporan Tahunan 2013
126
Operational
Review
(per Bussiess
Segment)
148
51
Financial
Review
2
159
162
163
163
163
168
171
171
172
Corporate
Governance
262
Compliance
Report
GCG Principals and Practice
174
GCG Policy and Manual Infrastructure
GCG Implementation Assessment Result
2013
GCG Mechanism and Structure
176
176
General Meetings of Shareholders
182
Board of Commissioners
Sharia Supervisory Board
Board of Directors
Committees
Corporate Secretary
184
203
209
218
232
Family Relationship Among Members
of Board of Commissioners, Board of
Directors and Shareholders
237
Board of Commissioners and Board of
Directors Assessment
237
Remuneration and other facilities
241
Corporate Information and Data Access
242
Conflict of Interest Handling
243
Litigation faced by the Company,
Subsidairy, Members of Board
of Directors and/or Board of
Commissioners
244
Shares and Bonds Buyback
246
Corporate Accountant
246
Non-Halal Proceeds and Realization
CSR Policy
264
CSR For Social Community and
Environment
268
CSR on Occupational Sector
274
CSR Related with
Responsibility to Customers
277
Bank Internal Audit System
282
Internal Audit Working Vision and
Mission
283
Internal Audit Charter
283
Objectives of Internal Audit
283
Internal Audit Function
283
Auditor Professional Responsibility
283
Internal Audit Organization Structure
284
Internal Audit Position on Corporate
Structure
285
Resource and Development
285
Description of internal Audit Unit Duty
Implementation
285
Fraud Monitoring and Corrective
Action
286
247
Goods and Services Procurement
248
Curriculum Vitae Head of SKAI
287
Information Technology
250
GCG Development
252
Principles of Risk Management Practice
290
Corporate Values
255
Risk Management with Holding
Consolidation
299
Code of Conduct
256
Risk Management Development Plan
299
Whistleblowing System
260
Executive Profile
302
Outlets
306
Statement Letter
335
Independent Auditor Report
336
272
Corporate
Social
Responsibility
180
280
Internal
Audit System
288
Risk
Management
Compliance practice in 2013
264
Compliance monitoring
264
BSM Compliance Report
264
Compliance Index Realization
264
Compliance System
266
Monitoring & Supporting
267
Compliance Assessment
268
Anti Money-Laundering (APU) and
Terrorism Financing Prevention (PPT)
Unit (SKAP)
269
PT Bank Syariah Mandiri
3
300
Company
Profile
362
Independent
Auditor Report
Laporan Tahunan 2013
CONTINUITY
BSM
in
2013
THEME
BSM dynamically raises its capability by
implementing recent methods which are
ensured will boost its business growth.
BSM views that all of financial
performance and achievement is part
of collective efforts in bringing higher
welfare to Indonesian society.
Annual Report 2013
4
PT Bank Syariah Mandiri
Betawi - Ondel-ondel miniature artwork
PT Bank Syariah Mandiri
5
Annual Report 2013
CONTINUITY
BSM
in
2013
THEME
Stronger
Fundamentals
for Greater Indonesia
2011
BSM determines several ways
and initatives which will be better
developed than exsiting conditions.
Particular way or initiative which is
related with paradigm, philosophy,
business strategy, business
soperational, organization structure
and employees management.
1
Better Ways
for Better Indonesia
2012
Better Legacy as a commitment
of BSM in giving a good legacy
to BSM future generation. We
will implement the commitment
under working with best effort,
prudent and compliance principles
wherever the employees are
assigned.
Greater Ways
for Greater Indonesia
Annual Report 2013
6
2
PT Bank Syariah Mandiri
2013
Stronger Fundamentals
for Greater Indonesia
PT Bank Syariah Mandiri (BSM)
strengthens principal foundation
to reaffirm BSM steps to achieve
corporate objectives.
BSM aims to develop better Indonesia,
that Indonesia will present as spiritual
leader in years to come
3
Stronger Fundamentals
for Greater Indonesia
PT Bank Syariah Mandiri
7
Annual Report 2013
Performance
Highlights 2013
Excellent achievement booked in 2013
is the actualization of BSM people
dedication. Spirit, dedication and
Vision firmness stated on performance
achievement in 2013 as the reflection
from commitment to build noble
economy civilization.
Laporan Tahunan 2013
8
PT Bank Syariah Mandiri
Yogyakarta - Wayang Kulit Art, one of national cultural heritage.
PT Bank Syariah Mandiri
9
Laporan Tahunan 2013
Performance
BSM in
Highlights
2013
2013
I
Contribution
To Country
n line with corporate vision to “Lead
Noble Economic Civilization,” PT Bank
Syariah Mandiri (BSM) seeks to achieve
through concrete contribution for
the nation development namely on
various aspects of public economy
strengthening, excellent Human
Resources (HR) Development, social –
community development, educational
support and commitment to
environment.
Several key milestone on Taxation, Business
and Corporate Social Responsibility (CSR) had
been recorded in 2013 as the Contribution for
the Country.
Contribution to Country
Contribution to Country.
TAX OBIDIENCE
As biggest sharia financial institution in
Indonesia, we always comply with policy
of Republic of Indonesia Government both
the Law or other mandatory policies. One
of our compliance realization is through tax
payment for the country. In 2013, BSM
tax payment to State Cash reached to
Rp342.79 billion.
Annual Report 2013
10
PT Bank Syariah Mandiri
Contribution to Country
micro entrepreneurs
Rp1.9 trillion.
BUSINESS
with total vale
National Economy Development
Through Industrial Financing
BSM also contributed for industrial finacnign
as part of an effort to drive national
economy growth. In 2013, BSM disbursed
syndicated loan senilai Rp1.05
trillion to several industries including
Telecommunication (tower provider), Oil &
Gas, Trading Oil, and Power Plant.
Early Recruitment Program (ERP)
Through University Synergy
Poverty Eradication through Micro
Financing
As a commitment and active contribution in
developing excellent HR, BSM established
partnership with 36 universities
nationwide on Early Recruitment Program
(ERP) to fill various functions and positions
on the Company’s organization. ERP through
13 State Universities (PTN) and 23 Private
Universities (PTS) had recruited 445
qualified qualified applicants from
BSM assures that contribution for micro
business is important and holds significant
role in eradicating poverty. This is due to
micro loan becomes the largest contributor
sector on Indonesian Gross Domestic
Product (GDP) with 56.7% contribution and
workforce absorption level to 99.6% from
total workforce. In 2013, BSM assisste dthe
Government in elevating public welfare
through financing activity to
1.030 micro agencies spread in 33
Provinces and to 88,602
PT Bank Syariah Mandiri
1.585 applicants.
11
Annual Report 2013
Performance
BSM in
Highlights
2013
2013
Contribution to Country
CORPORATE SOCIAL
RESPONSIBILITY (CSR)
Micro Entrepreneurs
Empowerment and Assistance
BSM assumes public economy capacity
empowerment as highly important to
strengthen national economy resilience and
competitiveness. Throughout 2013, BSM in
cooperation with BSM Laznas designed public
economy empowerment program comprising
of: micro entrepreneurship assistance and
training, individual capital assistance and
business group capital assistance. The
program had been received by 6,259
micro entrepreneurs with total budget
allocated to Rp7.54 billion.
Education and Scholarship
Program
We believe that zakat, infaq, shadaqah and
waqf have strategic contribution for social
protection to elevate umma welfare. Total
zakat, infaq, shadaqah and waqf
pada tahun 2013 sebesar Rp32.07 billion yang disalurkan melalui
Laznas BSM kepada:
57,137 general public, 318
foundations, 205 schools, and 12
amil zakat institutions (LAZ).
Annual Report 2013
BSM Commitment as a support for national
education is disbursed through scholarship
program for Elementary School, Junior
High School, High School to University
level. Moreover, educational assistance
and donation for education agency and
foundation program are also carried. In
2013, BSM disbursed scholarship to 26,272
students through 197 education
agencies with total budget allocated to
Rp9.45 billion.
12
PT Bank Syariah Mandiri
BSM Fellowship Program
Nation Mental-Spiritual
Development
As Value Driven Company, BSM has ETHIC
Shared Values which is continuously
implemented on working circumstances.
Humanity is part of the shared values with
core behavior of Social & Environment Care
translated as sincere care to the environment
and social circumstances.
Religion is a fundamental pillar as the
foundation to develop the Nation spirit.
Therefore, BSM has a notable concern
to continuously develop society’s
physicological apect through religious
program initiative. The program had
reached 55,551 people from 12,000
families dan 224 institutions with
total budget allocated to Rp6.86 billion.
Education sustainability of a child may be
interrupted due to passed-away of the
breadwinner. BSM responds to respective
condition by designing scholarship
program for orphans of passedaway BSM employees under BSM
Fellowship Program. The scholarship
Health Quality Improvement
and Environmental
Development
program is eligible for various educational level
ranging from Elementary School (SD)
to University (S1 Degree).
Improving health quality is one of public
welfare indicators. Realizing respective
condition, BSM increases contribution in
engaging with public health, welfare and
environment improvement. The program is
including: individual health assistance, blood
donation, regular healthcare, malnutrition
eradication, mobile social charity, BSM Umat
Health Clinic establishment, Ambulance
donation and mass circumcision. In 2013,
the program had been participated by
29,400 people and 20 institutions
total valued Rp3.53 billion.
PT Bank Syariah Mandiri
27
orphans of former employees
In 2013, the program had funded
comprising of: 7 Elementary School students,
5 Junior High Schools students, 8 High Schools
Students and 7 University students with total
budget allocated to Rp148,561,300.
13
Annual Report 2013
PERFORMANCE
HIGHLIGHTS 2013
BSM Facts
In 2013
Alhamdulillah, PT Bank Syariah Mandiri (BSM) booked Assets growth to
Rp9.74 trillion or 17.95% from Rp54.23
trillion in 2012 to Rp63.97 trillion in
2013
Good Corporate Governance (GCG)
implementation self-assessment
composite score carried by BSM to
Bank Indonesia reached to 1.85 or
“Good” category
Total Third Party Fund collection rose by
Rp9.05 trillion or 19.09% from Rp47.41
trillion in 2012 to Rp56.46 trillion in 2013.
Awards in various sectors from several
institutions reached to 42 awards both
in national and international levels. The
achievement indicates high public trust
and appreciation level to BSM.
Finance disbursement grew by Rp5.71
trillion or 12.75% from Rp44.76 trillion in
2012 to Rp50.46 trillion in 2013
Equity increased by Rp681 billion or
16.29% from Rp4.18 trillion in 2012 to
Rp4.86 trillion in 2013.
Annual Report 2013
14
PT Bank Syariah Mandiri
BSM held Rakernas 2013 on December 19 – 21,
2013. The Rakernas was participated by Board of
Commissioners, Sharia Supervisory Board, Board
of Directors, Division Head, Unit Head and Branch
Office Head.
Rakernas aimed to align BSM people
perspective and spirit in achieving business
target.
Rp Trillion
Assets
60
48,67
50
40
Rp Trillion Loans
63,97
54,23
44,75
40
30
32,48
30
36,73
23,97
20
20
10
10
-
2010
2011
2012
Rp Trillion Third Party Fund
47,41
50
2013
2010
2011
2012
2013
Rp Trillion Equity
56,46
4,86
5
4,18
42,62
40
30
50,46
50
4
29,00
3,07
3
20
2
10
1
2,02
2010
PT Bank Syariah Mandiri
2011
2012
2013
2010
15
Annual Report 2013
2011
2012
2013
PERFORMANCE
HIGHLIGHTS 2013
Description
Financial Position
Assets
Earning Assets
Financial
Position
2013
Placements with SBIS FASBIS and Reverse Repo SBSN
Loans
Liabilities
Temporary Syirkah Fund
Marketable Securities issued
Third Party Fund
a. Demand Deposits
b. Savings
c.Deposits
Equity
63,97
Assets (in Rp billion)
60,00
1. No information on the highest,
lowest, closed share price and
share volume is available as BSM
was not involved in the Indonesia
Stock Exchange trade activities
by the year-end of 2013.
48,67
50,00
40,00
32,48
30,00
22,04
17,067
20,00
10,00
2. No information on amount of
bonds/sukuk/convertible bonds is
available as BSM has not issued
any bond, sukuk or convertible
bond by the year-end of 2013.
54,23
6,87
8,27
9,55
2005
2006
12,88
2004
2007
2008
2009
2010
2011 2012 2013
Assets
Rp63,97 billion
Annual Report 2013
16
PT Bank Syariah Mandiri
in Rp billion
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
6.870
8.273
9.555
12.885
17.066
22.037
32.482
48.672
54.229
63.965
6.404
7.971
8.913
12.269
16.399
21.319
30.744
44.918
50.640
58.947
325
1.373
780
670
1.305
2.381
3.412
4.850
3.125
5.918
5.296
5.848
7.415
10.326
13.278
16.063
23.968
36.727
44.755
50.460
1.420
1.700
2.658
2.647
2.343
3.273
5.010
7.041
9.169
11.029
4.901
5.940
6.200
9.427
13.315
16.963
25.251
37.858
40.380
47.574
200
200
200
400
200
200
200
700
500
500
5.725
7.037
8.220
11.106
14.898
19.338
28.998
42.618
47.409
56.461
981
1.261
2.054
1.846
1.812
2.591
4.015
4.669
6.434
7.525
1.536
1.958
2.668
3.872
5.284
7.163
9.873
14.424
19.148
22.101
3.208
3.818
3.498
5.388
7.802
9.584
15.110
23.525
21.827
26.834
549
633
697
811
1.208
1.600
2.021
3.073
4.181
4.862
56,46
50.00
50,46
Loans (in Rp billion)
44,75
45.00
40.00
47,41
42,62
40.00
35.00
35.00
23,97
30.00
25.00
25.00
5,30
5,85
7,41
19,34
20.00
13,28
15.00
29,00
30.00
16,06
20.00
10.00
Third Party Funda (in Rp billion)
50.00
45.00
36,73
15.00
10,33
10.00
5.00
5,72
7,04
8,22
2004
2005
2006
11,11
14,90
5.00
-
2004
2005
2006
2007
2008
2009
2010
2011 2012 2013
Loans
Rp50,46 billion
PT Bank Syariah Mandiri
2007
2008
2009
2010
2011 2012 2013
Third Party Fund
Rp56,46 billion
17
Annual Report 2013
PERFORMANCE
HIGHLIGHTS 2013
Statement
of Income
2013
Description
Statement of Income
Income from Fund Management Bank as Mudharib
Third Party Rights on Temporary Syirkah Fund Profit Sharing
Income from Fund Management Bank as Mudharib - Net
Fee Based Income
Operating Income
Income Before Tax Expense
Net Income Comprehensive income
Earning per Share
5.438
4.500
3.771
4.000
3.500
2.768
3.000
2.500
1.736
2.000
1.500
1.000
4.685
Income from Fund Management Bank as
Mudharib( (in Rp billion)
5.000
584
865
934
1.197
2005
2006
2007
2.071
500
2004
2008
2009
2010
2011 2012 2013
Income
Rp5.438 billion
Annual Report 2013
18
PT Bank Syariah Mandiri
in Rp billion
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
584
865
934
1.197
1.736
2.071
2.768
3.771
4.685
5.438
269
386
455
512
768
902
1.162
1.781
1.914
2.081
315
479
479
685
968
1.169
1.606
1.990
2.771
3.357
102
94
145
210
301
347
567
1.082
1.139
1.193
141
137
101
167
283
426
580
761
1.119
898
150
137
95
168
284
418
569
748
1.097
884
103
84
65
115
196
291
419
551
806
651
-
-
-
-
-
-
-
553
807
651
1.443
1.169
914
1.611
1.759
2.210
3.179
3.376
3.382
2.232
900
Operating Income
(in Rp billion)
1.200
Net Income (in Rp billion)
1.000
651
898
700
551
761
800
419
500
580
600
426
400
200
806
1.119
141
137
101
291
300
283
167
100
196
103
84
65
115
-
2004
2005
2006
2007
2008
2009
2010
2011 2012 2013
2004
Operating Income
Rp898 billion
PT Bank Syariah Mandiri
2005
2006
2007
2008
2009
2010
Net Income
Rp651 billion
19
Annual Report 2013
2011 2012 2013
PERFORMANCE
HIGHLIGHTS 2013
Description
Key Ratio
Capital Adequacy Ratio (CAR)
Return on Assets (ROA) - Gross
Ratios of
2013
Return on Assets (ROE) - Net Finance to Deposit Ratio
Non-Performing Finance - Net
Non-Performing Finance to Total Finance (NPF Gross)
Net Interest Margin (NIM)
Quick Ratio
Debt to Equity Ratio
Debt to Assets Ratio
Capital Adequacy Ratio (CAR)
25,00%
20,00%
15,00%
10,57%
11,88% 12,56%
14,57%
12,43% 12,66% 12,39%
13,82%
14,10%
10,60%
10,00%
5,00%
0,00%
2004
2005
2006
2007
2008
2009
2010
2011 2012 2013
CAR
14,10%
Annual Report 2013
20
PT Bank Syariah Mandiri
2004
2005
2006
2007
2008
2009
2010
10,57%
11,88%
12,56%
12,43%
12,66%
12,39%
10,60%
2,86%
1,83%
1,10%
1,53%
1,83%
2,23%
22,28%
14,56%
10,23%
16,05%
21,34%
92,50%
83,09%
90,21%
92,96%
1,97%
2,68%
4,64%
2,42%
3,50%
6,91%
2012
2013
14,57%
13,82%
14,10%
2,21%
1,95%
2,25%
1,53%
21,40%
25,05%
24,24%
25,05%
15,34%
89,12%
83,07%
82,54%
86,03%
94,40%
89,37%
3,39%
2,37%
1,34%
1,29%
0,95%
1,14%
2,29%
6,94%
5,64%
5,66%
4,84%
3,52%
2,42%
2,82%
4,32%
6,83%
5,63%
6,31%
6,73%
6,62%
6,57%
7,48%
7,25%
7,25%
162,26%
207,16%
118,60%
171,09%
225,37%
209,34%
202,90%
262,62%
155,26%
178,65%
258,78%
268,79%
381,16%
326,19%
193,87%
204,53%
247,94%
229,11%
219,31%
226,85%
20,67%
20,55%
27,81%
20,54%
13,73%
14,85%
15,42%
14,47%
16,91%
17,24%
30,00%
Return on Assets (ROA) - Gross
3,00%
2011
Return on Assets (ROE) - Net
2,86%
25,05% 24,24% 25,05%
2,25%
2,23% 2,21%
1,83%
2,00%
1,53%
1,95%
1,83%
22,28%
1,53%
1,10%
2006
10,23%
10,00%
0,00%
2005
2007
2008
2009
2010
0,00%
2011 2012 2013
2004
2005
2006
ROA
1,53%
PT Bank Syariah Mandiri
15,34%
14,56%
1,00%
2004
16,05%
20,00%
21,34% 21,40%
2007
2008
2009
ROE
15,34%
21
Annual Report 2013
2010
2011 2012 2013
PERFORMANCE
HIGHLIGHTS 2013
Non-Financial
Description
2013
Office Network
Employees
ATM Network (BSM, Bank Mandiri, ATM Bersama, ATM prima, MEPS)
Financing Customers to total Financing
853
Office Network
800
764
669
700
600
270
200
134
164
7.902
8.000
313
300
11.788
10.000
390
400
14.000
12.000
507
500
16.945
15.999
Employees
16.000
6.000
212
4.000
4.544
1.913
2.127
2.032
3.003
3.493
2.000
100
0
0
2004
2005
2006
2007
2008
2009
2010
2004
2011 2012 2013
Office Network
853
Annual Report 2013
2005
2006
2007
2008
2009
2010
2011 2012 2013
Employees
16.945
22
PT Bank Syariah Mandiri
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
134
164
212
270
313
390
507
669
764
853
1.913
2.127
2.032
3.003
3.493
4.544
7.902
11.788
15.999
16.945
7.733
13.709
13.291
22.187
27.199
34.924
47.000
65.118
109.686
144.865
344.000
490.377
658.307
896.692
1.100.404
1.423.725
1.989.927
2.864.087
3.873.043
6.515.135
150.000
140.000
130.000
120.000
110.000
100.000
90.000
80.000
70.000
60.000
50.000
40.000
30.000
20.000
10.000
-
144.865
ATM Network
7.000.000
Customers
6.515.135
6.000.000
109.686
5.000.000
3.873.043
4.000.000
7.733
2004
13.709 13.291
2005
2006
22.187
2007
27.199
34.924
47.000
2009
2010
344.000 490.377
658.307
896.692
1.423.725
1.100.404
-
2011 2012 2013
2004
ATM Network
144.865
PT Bank Syariah Mandiri
1.989.927
2.000.000
1.000.000
2008
2.864.087
3.000.000
65.118
2005
2006
2007
2008
2009
2010
Customers
6.515.135
23
Annual Report 2013
2011 2012 2013
The Company
at a Glance
BSM performs and exists under
business idealism and spiritual value
harmonization.
BSM grows as a bank which is succeeded
in combining both values as business
operational activity foundation.
Annual Report 2013
24
PT Bank Syariah Mandiri
Banking Hall BSM - BSM Banking Hall - Comfort in performing transaction for all society.
PT Bank Syariah Mandiri
25
Annual Report 2013
The Company
at a Glance
Name
PT Bank Syariah Mandiri
Address
Wisma Mandiri I Jl. MH. Thamrin No. 5 Jakarta
10340 – Indonesia
Telephone
(62-21) 2300 509, 3983 9000 (hunting)
Call Center
BSM Call 14040
(021) 2953 4040
Facsimile
(62-21) 3983 2989
Corporate
Identity
Website
www.syariahmandiri.co.id
Email
dkh@bsm.co.id
Social Media
Bank Syariah Mandiri
@syariahmandiri
Establishment Date
October 25, 1999
Oeprational Date
Since November 1, 1999
Authorized Capital
Rp2.500.000.000.000 ,-
Annual Report 2013
26
PT Bank Syariah Mandiri
Wisma Mandiri I and II, MH. Thamrin
Street 5, Jakarta is a Head Office
of BSM. Located in most strategic
location in the Capital, that drives BSM
to continuously perform as leading
Sharia Bank in Indonesia.
Paid-in Capital
Rp1.489.021.935.000,Equity
Rp4.861.998.914.310,Service Office
853 service offices nationwide
ATM Network
Total ATM reaches to 144,865 networks
comprising of:
• ATM Syariah Mandiri,
• ATM Mandiri,
• ATM BERSAMA,
• ATM Prima, dan
• Malaysia Electronic Payment System (MEPS).
Total Employees
16,945 employees
Rating
AA+ (idn), Pefindo 2013
PT Bank Syariah Mandiri
27
Annual Report 2013
The Company
at a Glance
M
ulti-dimensional crisis hampered Indonesia in 1997 –
1998 brought distinct blessing for Sharia Banking System
milestone in Indonesia. When the conventional Banks
severed the economic crisis, a paradigm on new concept to save
the economy from prolonged crisis was flourishing.
On the other hand, to recover economy generally, the Government
took an initiative to merger 4 (four) Government Banks which
were Bank Dagang Negara, Bank Bumi Daya, Bank Exim and
Bapindo into one entity, a strong bank named PT Bank Mandiri
(Persero) Tbk. on July 31st, ,1999. The merger policy was also
determined PT Bank Mandiri (Persero) tbk as majority owner of
PT Bank Susila Bakti (BSB). PT BSB is a conventional bank owned
by PT Bank Dagang Negara employees welfare foundation and PT
Mahkota Prestasi. To recover from economic crisis, PT BSB was also
mergered with several banks and invited foreign investors.
As an action plan of Sharia Economy System Development
initiative, the Government implemented Law No. 10 of 1998
which granted an opportunity for Commercial Banks to serve
sharia transaction (dual banking system). As a response, PT Bank
Mandiri (Persero) Tbk consolidated and established Sharia Banking
Development team, aiming to develop Sharia Banking Service on
PT Bank Mandiri (Persero) Tbk. corporate group.
History
Brief
Sharia Banking Development Team assumed that the
implementation of the Law as a momentum to convert PT Bank
Susila Bakti from Conventional Bank to Sharia Bank. Therefore,
Sharia Banking Development Team had to immediately prepare
its system and infrastructure that BSB business activity was
transformed from Conventional bank to a Bank operated based
on sharia-principle under the name of PT Bank Syariah Mandiri as
stated on Notarial Deeds: Sutjipto, SH Mo. 23 dated September
8th, 1999..
BSB business activity business transformation to sharia
commercial bank was confirmed by Bank Indonesia Governor
under BI Governor Decree No. 1/24/KEP/BI/1999, October 25, 1999.
Hereinafter, under the Senior Deputy of Bank Indonesia
Governor Decree No. 1/1/KEP.DGS/1999, BI approved the name
transformation to PT Bank Syariah Mandiri (BSM).
Annual Report 2013
28
PT Bank Syariah Mandiri
BSM Head Office from front angle (MH
Thamrin street, Jakarta). The position
is located at the heart of Capital
contributed spirit to all BSM people
to drive the Company as leading
Sharia Bank in Indonesia.
Milestone of PT Bank Syariah Mandiri
Followign the legal confirmation and recognition, PT Bank Syariah
Mandiri was officially operated since Monday, 25 Rajab 1420 H or
November 1, 1999.
PT Bank Syariah Mandiri exists and appears carrying business
idealism and spiritual value harmonization. Bank Syariah Mandiri
grows as a bank which is succeeded in combining both values, as
the operational activity foundation.
1955 Establishment of PT Bank Industri Nasional (PT BINA)
1967 PT BINA was transformed into PT Bank Maritim
Indonesia
1973 PT Bank Maritim Indonesia was transformed into PT
Bank Susila Bakti
1999 PT Bank Susila Bakti was converted into sharia bank and
changed its name into PT Bank Syariah Mandiri
Business idelism and spiritual value harmonization becomes an
excellence of Bank Syariah Mandiri for its part on Indonesian
banking industry.
PT Bank Syariah Mandiri
29
Annual Report 2013
The Company
at a Glance
BSM Vision and
Mission
T
o support corporate objectives achievement, PT
Bank Syariah Mandiri (BSM) views the necessity
to implement Vision and strengthen mission of the
Company. The corporate mission strengthening is carried by
aligning former mission statement with actual condition.
BSM has implemented BSM Vision, Mission and “ETHIC”
Shared Values. The Bank also has disseminated BSM Vision,
Mission and “ETHIC” Shared Values to entire management of
BSM to acknowledge, understand and conduct BSM Vision,
Mission and “ETHIC” Shared Values (ref: Circular Letter No.
10/001/UMM dated January 30th, 2008 as amended under SE
No. 16/005/UMM dated March 10th, 2014 on The 7 (Seven)
Fundamentals of BSM.
Vision
To Lead The Development of Noble Economic Civilization.
Mission
1. Achieving sustainable growth and profit exceeding
industry average,
2. Prioritizing low-cost fund collection and finance
disbursement on Micro and SME segment,
3. Developing talent management and sound working
environment,
4. Incerasing awareness towards the society and
environment,
5. Developing universal sharia values.
Explanation about Vision Statement
“Leading Noble Economic Civilization” is defined that:
“BSM will become the leader in Developing Economic
Civilization of the people which is more noble, fair, honor,
welfare – bring welfare, Sharia-based, high value and
excellent.”
a. “Leading” as being the foremost,
b. “Development” is benefit realization by seeking to
improve in continuous and sustainable manners within
generations,
c. “Economic Civilization” is a condition where the
humankind has developed effective procedures (tradition,
culture, process, system) in utilizing human resources
and in producing and trading goods and services (Mirriam
Webster Online),
d. “Noble” is honor, fair, respected, welfare – bring welfare,
Sharia-based, high value and excellent.
Explanation about Mission
No.
Mission
Explanation
1.
Realizing sustainable growth and profit
exceeding industry average.
That BSM growth and profit always exceeds industry average achieved under
Sustainable Competitive Advantage.
2.
Prioritizing low-cost fund collection and finance
disbursement on Micro & SME Loan.
That BSM prioritizes low-cost fund and finance disbursement on Micro &
SME Loan.
3.
Developing Talent Management and Sound
Working Environment.
That BSM continuously develops Human Capital development starting
from tahap attraction, identification, development, deployment to
retention program, and sound Working Environment.
4.
Developing awareness to society and
environment.
That BSM always seeks to disseminate higher benefit to the society and
environment within times .
5.
Developing Universal Sharia Values.
That BSM is committed to develop corporate governance based on
knowledge and humanity values accepted by the society universally.
Annual Report 2013
30
PT Bank Syariah Mandiri
E
T
(Excellence)
C
(Teamwork)
BSM
Shared
Values
(Customer Focus)
H
(Humanity)
I
(Integrity)
To realize the corporate Vision and Mission, BSM people hall share for BSM under common values. The values are acknowledged
as BSM Shared Values. BSM Shared Values is ETHIC (Excellence, Teamwork, Humanity, Integrity and Customer Focus)
Excellence: Seeking to achieve perfection through integrated and sustainable improvement.
Integrity: Understanding and Complying with professional
ethical code and paradigm and noble attitude.
Teamwork: Developing synergical working environment
Customer Focus: Understanding and fulfilling customers
eneds (external and internal) to bring BSM as trusted and
advantageous partner.
Humanity: Highly upholding religious humanity values.
PT Bank Syariah Mandiri
31
Annual Report 2013
The Company
at a Glance
T
Corporate
Values
o support the Company’s vision and mission realization,
PT Bank Syariah Mandiri (BSM) formulates Corporate
Shared Values acknowledged as BSM Shared Values
under BOD Circular Letter No. 10/001/UMM dated January
30th, 2008 on BSM Vision, Mission and “ETHIC” Shared
Values.
To actualize the Vision and Mission, BSM people shall
share for BSM under common values. The values are
acknowledged as BSM Shared Values. BSM Shared Values
is ETHIC (Excellence, Teamwork, Humanity, Integrity
and Customer Focus), with 10 core conducts, as follows:
Shared Values
Excellence
perfect
resultMencapai
hasiloriented
yang mendekati sempurna (perfect resultoriented)
Teamwork
Developing
synergical
workingkerja
environment
Mengembangkan
lingkungan
yang saling bersinergi
Humanity
Developing
awareness
to humanity
and environment
Mengembangkan
kepedulian
terhadap
kemanusiaan dan
lingkungan
Integrity
Noble
and honored
attitude, and dan
preserving
professional
Berperilaku
terpuji, bermartabat,
menjaga
etika
ethicsi
profesi
Customer Focus
Developing
awareness
on customers
seeking to
Mengembangkan
kesadaran
tentang and
pentingnya
nasabah
exceeding
customers
expectation
external)
dan berupaya
melampaui
harapan(internal
nasabahand
(internal
dan
eksternal)
Annual Report 2013
32
PT Bank Syariah Mandiri
Main Conducts
Perilaku
Utama
•
Prudence:
Preserving
trust and
improvement.
Menjaga amanah
danperforming
melakukancontinuous
perbaikan process
proses terus
menerus
•
Competence:
Developing
expertise
based
ontugas
assigned
and banker
professional
demand
Meningkatkan
keahlian
sesuai
yangjob
diberikan
dan tuntutan
profesi
bankir
•
Trusted &Trust:
Developing
trustedperilaku
and faithful
Mengembangkan
dapatconducts
dipercaya dan percaya
•
Contribution:
Providing
positive
and optimum
contribution
Memberikan
kontribusi
positif dan
optimal
•
Social & Environment care:
Having
awareness
theterhadap
environment
and social
Memilikisincere
kepedulian
yang to
tulus
lingkungan
dan sosial
•
Inclusivity:
Developing
fostering
attitude
Mengembangkan
perilaku
mengayomi
•
Honesty:
Honest
Jujur
•
Good Governance:
Performing
good
Melaksanakan
tatagovernance
kelola yang baik
•
Innovation:
Developing
process,service
and product
exceeding
customers
expectation
Mengembangkan
proses, layanan,
dan produk
untuk
melampaui
harapan nasabah
•
Service Excellence:
Providing
bestlayanan
serviceterbaik
exceeding
expecatition
Memberikan
yangcustomers
melampaui
harapan nasabah
PT Bank Syariah Mandiri
33
Annual Report 2013
The Company
at a Glance
Target and
Objectives
T
arget and objectives of BSM are in line with its
business, that will establish sustainable synergy. The
BSM target and objectives are constituted on 5 (five)
main working programs, a follows:
BSM Five Main Working Program
2013:
1. Productivity per employee realization from Rp66.40
million to Rp111.70 million, through:
a. Net income growth at least to Rp1 trillion,
b. Low cost fund improvement (minimum portion of
50%),
c. Micro and SME finance growth (minimum portion of
74%),
d. Business efficiency improvement (maximum CER at
55.04%),
e. FBI growth minimum at RP1.23 trillion.
2. Maintaining assets quality (APYD/AP) maximum 2.42%
and NPF Gross maximum to 2.30%, and NPF net
maximum at 1.40%.
3. Service quality improvement to be the 1st rank in Sharia
Banking.
4. Implementation of Saturn project (synergy with Bank
Mandiri and other subsidiaries of Bank Mandiri),
Corporate Plan 2013 and business alliance with PT Pos
Indonesia and Core Banking System 2nd Phase
5. Developing employees competency and strengthening
ETHIC Shared Values implementation.
10 Performance Priority 2013
1. Increasing net income at least reaching Rp1 trillion,
Annual Report 2013
2. Collecting third party fund at least Rp10.40 trillion and
maintaining consumer fund portion minimum 55% from
low cost fund portion minimum 50%,
3. Disbursing financing prudently minimum Rp9.8 trillion with
Micro and SME finance portion minimum 74%,
4. Controlling Financing quality that NPF Gross maximum
2.30% with NPF Net maximum to 1.40% and APYD/AP
maximum to 2.42%,
5. Improfing business efficiency that cost to income ratio
maximum to 55.04%,
6. Collecting fee based income minimum at Rp1.23 trillion,
7. Winning 1st service quality rank in Shari Banking,
8. Implementing Saturn Project (synergy with Bank Mandiri
and other subsidiaries of Bank Mandiri), Corporate Plan
2013 and business alliance with PT Pos Indonesia,
9. Implementing new 2nd Phase Core Banking System,
10. Strengthening Competency-Based Human Resource
through e-Learning and Knowledge Management
development and Corporate Values (ETHIC)
internalization.
Key Strategy Transformation
2013 becomes the third year on BSM Second Transformation
(2011 – 2015). The core of BSM Second Transformation
is to increase productivity and develop synergy with Bank
Mandiri Group. The productivity is carried namely throughout:
business transformation, process transformation, IT system
transformation and human resources transformation.
Bank Mandiri has brought additional paid-in capital plan
amounting to Rp30.78 billion as land and building in
December 2013 from prior plan of Rp500 billion. Additional
paid-in capital amounted to Rp500 billion will be altered to
2014 to strengthen capital and business expansion.
Key business transformation conducted in 2013 constituted
organizational and working procedure transformation
at Bank Syariah Mandiri outlets and Product Centric to
Customer Centric approach. The transformation is sequence
of organizational and working procedure transformation at
Head Office outlets and Product Centric to Customer Centric
approach in prior years. Customer Centric approach is aimed
that BSM to provide more accurate solution to conform with
customers needs.
34
PT Bank Syariah Mandiri
BSM is a company who upholds
nationalism spirit. One of the nationalism
spirit actualization is by choiring national
song: Indonesia Raya in every official event
held by the Company.
5. Seeking additional cash paid-in capital realization from
Bank Mandiri amounted to Rp500 billion based on
Business Plan 2014.
Transformation process is to advance Financing Operation
Center (FOC) and Four Eyes Principle approach improvement
to increase prudentiality on lending process. FOC is
established at 5 (five) major cities such as Medan, Jakarta
(2 FOC), Bandung, Surabaya and Makassar. On the other
hand, to serve outlet distanced from those 5 (five) cities, FOC
Community is also established in other 12 (twelve) cities.
Moreover, the Bank has also prepared several plans and
developments in 2013 to achieve the corporate objectives,
among others:
1. The Bank has implemented new Core Banking System
(iBSM) second phase replacing former Core Banking.
2. Advancing Four Eyes and Segregation of duty principles
implementation on lending via Front End (Financing
Assessment and Financing Operation Center functions),
and Back End (Recovery and Collection functions).
3. Advancing synergical initiative with Bank Mandiri as
Holding via BSM deposit product selinng, pawn product
selling, finance product referral for Commercial and
Corporate segments.
4. Performing Talent Management and Knowledge
Management development.
5. Performing Branching Strategy.
IT System transformation is continuing migration from former
Core Banking System to new Core Banking System. The IT
system transformation is aimed to assist the BSM Customers
in performing every necessity banking transaction.
Human Resources (HR) transformation is carried namely
through Talent Management and Knowledge Management
system improvement. The HR transformation is aimed to
create reliable and highly engaged HR of BSM.
Significant progress which are forecasted to be realized and
business prospect in 2014 are as follows:
1. Advancing transformation process from Product Centric to
Customer Centric approach.
2. Performing Corporate Plan project implementation and
iBSM completion.
3. Advancing synergical project with Bank Mandiri and other
subsidiaries of Bank Mandiri.
4. Carrying the Redefining and Strengthening The
Fundamental of BSM.
PT Bank Syariah Mandiri
35
Annual Report 2013
The Company
at a Glance
Banking Products
and Services
Funding Products
• Tabungan BSM
Saving account in rupiah currency under Mudharabah
Mutlaqah agreement with cash withdrawal facility on
mutually approved conditions.
• BSM Tabungan Berencana
Time saving account with progressive profit sharing and
guarantee of predefined fund target achievement and is
complemented with insurance protection.
• BSM Tabungan Simpatik
Saving account based on the wadiah principle, in which
cash withdrawal can be made at any time based on the
mutually agreed conditions.
• BSM Tabungan Mabrur
Saving account to assist the society to plan hajj & umra
pilgrimage
• BSM Tabungan Mabrur Junior
Saving account to assist the society to plan hajj & umra
pilgrimage for children.
• BSM Tabungan Dollar
Dollar denominated saving account with ease of cash
withdrawal and deposit transactions at any time or in
accordance with BSM policy using withdrawal form.
Annual Report 2013
36
PT Bank Syariah Mandiri
transactions with the management based on the wadiah
yad dhamanah principle.
• BSM Tabungan Investa Cendekia (TIC)
Time saving account for financial planning especially for
children education plan.
• BSM Tabungan Perusahaan
Saving account especially for collecting current accounts
fund outstanding for legal entity company/institution using
auto-save feature.
• BSM Obligasi
Long-term securities based on sharia principle which
obligated Entity (Bank Syariah Mandiri) to pay fee of Profit
Sharing/Coupon and repay Sharia Bonds Fund during the
maturity period.
• BSM Tabungan Kurban
Saving account in Rupiah currency to assist the customers
in planning Kurban and Aqiqah.
• BSM Tabungan Pensiun
Saving Account in Rupiah currency in cooperation with PT
Taspen for Indonesia civil servant pensioners.
• BSM TabunganKu
Individual Saving Account with easy and simple
requirement issued collectively by Indonesian banks to
foster saving habit and improve society welfare.
• BSM Time Deposit
Time investment product with withdrawal only on certain
maturity period based on mutually agreed condition.
• BSM Deposito Valas
Time investment product in foreign curency with
withdrawal only on certain maturity period based on
mutually agreed condition.
• BSM Giro
Saving facility with withdrawal at any time by using
cheque, promissory notes or other payment instrument
under wadiah yad dhamanah principle.
• BSM Giro Valas
A USD-denominated saving account for ease of
transactions with the management based on the wadiah
yad dhamanah principle.
• BSM Giro Singapore Dollar
A SGD-Denominaed saving account for ease of transactions
with the management based on the wadiah yad
dhamanah principle.
• BSM Giro Euro
A Euro-Denominated saving account for ease of
PT Bank Syariah Mandiri
37
Annual Report 2013
The Company
at a Glance
• BSM Pembiayaan Istishan
Good procurement fnancing under Istishna scheme
as short, medium and long-term financing to meet
procurement requirement (istishna object), where the
installment period exceeding goods procurement period
(goods in process fi and the bank recognizes income which
become the bank’s share during the installment period
both when the procurement is based on goods shipping
percentage or after the goods is finished.
• Financing dengan Skema IMBT (Ijarah Muntahiyah
Bittamilk)
Ijarah Muntahiyah Bittamilk financing is a financing facility
under leasing scheme on a leased object between the Bank
and Customers during certain period ended with goods
ownership for the customers.
• Pembiayaan Mudharabah Muqayyadah Off Balance Sheet
Mudharabah Muqayyadah Off Balance Sheet is
Mudaharabah Muqayyadah fund disbursement where the
Bank serves as channeling agent that the Bank did not face
any risk.
• BSM Customer Network Financing
BSM Customer Network Financing (BSM - CNF) is working
capital financing facility provided to customers (agent,
dealer and others) for purchasing goods inventory for
Partners (ATPM, producers/distributors and others) in
cooperation with the Bank.
Financing Product
• BSM Pembiayaan Mudharabah
Financing facility where entire working capital needed by
the customers facilitated by the bank. Benefit received is
shared based on mutually agreed profit sharing scheme.
• BSM Pembiayaan Resi Gudang
BSM Resi Gudang Financing is commercial transaction
financing on tradable commodity/product generally with
main collateral as financed commodity/product and
located in independently controlled warehouse or place.
• BSM Pembiayaan Musyarakah
Special Financing for working capital, where the fund from
the bank is share of customers business capital and the
profit is shared based on mutually agreed profit sharing
scheme.
• BSM Pembiayaan Education
Short and Medium Term Financing used to fulfill admission
fee requirement for school/university/other education
institution or enrollment fee during the academic year/new
semester registration under ijarah agreement.
• BSM Pembiayaan Murabahah
Financing based on trading agreement between the bank
and customers where the Bank purchase goods required
and re-sel to the customers at basic price added with profit
margin based on mutually agreed scheme.
• PKPA
Financing for Members of Cooperatives (PKPA) is financing
for members of cooperative to fulfill the members’
consumer requirement (collective) who proposes financing
to employees cooperative
• BSM Pembiayaan Talangan Haji
Special bailout facility from the Bank to customers to
cover hajj fund shortage/seat booking during the BPIH
settlement.
Annual Report 2013
38
PT Bank Syariah Mandiri
• Pembiayaan Peralatan Kedokteran
Medical Equipment Financing is a financing facility for the
medical/health professionals to procure new supporting
medical equipment.
• BSM Implan
consumer financing product in the rupiah currency
for company permanent employees through collective
application (in group).
• Pembiayaan Dana Berputar
Working capital financing facility under musyarakah
scheme which withdrawal can be conducted at any time
based on customers real needs.
• BSM Optima Pembiayaan Pemilikan Rumah
BSM Griya Optima Mortgage is mortgage facility with
additional benefit of extra financing faciltiy which can be
withdrawn by the customers at particular time as long the
collateral coverage is still adequate to cover total financing
and by calculating customers debt to service ratio.
• Pembiayaan Umrah
Short-term financing allocated to support umra pilgirmage
expense such as air fare, accommodation and other umra
expenditure preparation under ijarah agreement.
• BSM Pembiayaan Griya BSM
BSM Griya BSM Financing is short , medium or long
term financing to support housing (consumer) purchase
both new and used, at developer circumstances under
murabahah system.
• BSM Pembiayaan Griya BSM Bersubsidi
BSM Subsidized House Financing is a financing facility for
procurement of the Simple Healthy House (RS Sehat/RSH)
from a developer company with the government subsidy.
• BSM Sistem Pembaayaran Off Line Payroll
BSM Off Line Payroll System can be used by an institution
with large customers to perform payroll form institutional
customers in entire BSM outlets.
• Pembiayaan dengan Agunan Investasi Terikat Syariah
Mandiri
Financing with cash collateral where the investor defined
restriction to the Bank on the investment place, method
and object.
• Pembiayaan kepada Pensiunan
Financing for Pensioner is a consumer financing facility
(including multi-use financing) for pensioners. Installments
are directly deductable from the monthly pension fund.
PT Bank Syariah Mandiri
39
Annual Report 2013
The Company
at a Glance
• BSM GPRS Mobile Banking
Banking service product based on cellular phone GPR
technology which provides accessibility to the customers for
various banking transaction at any time and at any place.
• PPBA (Pembayaran melalui menu Pemindahbukuan di ATM)
Payment services for institutions (education institution,
special institution, non-bank financial institution) through
In-house Transfer menu at ATM units
• BSM Pooling Fund
Facility provided by the Bank to support the customers in
managing fund in each account owned by the customer
automatically based on customers’ desire.
• BSM Pertukaran Valas
Rupiah exchange with foreign currency or vice versa
provided by BSM for the customers.
• BSM Bank Garansi
Written promise from the Bank to third party stated that
the Bank agree to fulfill liabilities with respective third party
under certain period as agreed by insured party (customers)
if failed to fulfill his/her liability.
Service Products
• BSM Electronic Payroll
Simple, secured and flexible transaction for payment of
employee salary through advanced technology facility of
BSM.
• BSM Card
A facility to perform several transactions such as fund
withdrawal, payment and transfer with ATM BSM, ATM
Mandiri, ATM Bersama and ATM Bank Card. Moreover, also
functioned as debt card which can be used for shopping
transaction in merchants with logo “Swipe your BSM card
here.”
• BSM SKBDN
Written promise based on applicant written request
committing BSM as Issuing Bank to provide payment to
recipient or receive and pay promissory notes on maturity
period which withdrawn by the recipient, or delegating
attorney to other banks to provide payment to the recipient
or to negotiate withdrawn promissory notes on document
submission (presently only for BSM to BSM).
• BSM Sentra Bayar
BSM Sentra Bayar is a facility for receiving third party billing
payment (PLN, Telkom, Indosat, Telkomsel). Sentra Bayar
service can be carried with cash deposit or account debit
through teller, ATM, SMS Banking or monthly auto debit.
• BSM Letter of Credit
Written promise based on applicant written request
committing BSM as issuing bank to provide payment
to recipient or the order or receive and pay promissory
notes during the maturity withdrawn by the recipient or
delegating attorney to other banks to provide payment to
the recipient, or to negotiate withdrawn promissory notes
on document submission.
• BSM Mobile Banking
Banking service product based on cellular phone SMS
technology which provides accessibility to various banking
transaction at any time and at any place.
• BSM Net Banking
Bank service facility for the customers for conducting
banking transaction (defined by the bank) via internet
network with computer facility.
Annual Report 2013
40
PT Bank Syariah Mandiri
• BSM Transfer Western Union
Real-time on-line money remittance across different
countries or in the same country (domestic).
• BSM Kliring
Bank draft collection on another bank that is located under
the same clearance region.
• BSM Inkaso
Bank draft collection on another bank that is located under
the same clearance region or in a different country; the
collected fund is credited to the customer’s account.
• BSM Intercity Clearing
Bank draft (check/bilyet giro in rupiah) collection from
a bank in a different clearance region, allowing for the
customer to receive the collected fund the next business
day.
• BSM Standing Order
Bank Syariah Mandiri facility for the customers to simplify
their financial transactions that need repeat transfer
among accounts. By this service, the customers need only a
single instruction for the bank.
• BSM Autosave
Automatic transfer service intra current accounts and
saving accounts by depositing certain balance.
• BSM Transfer Valas
Foreign currency transfer consists of:
•Outgoing transfer from BSM customer to customer of
another bank at home country or overseas.
•Incoming transfer from customer of another bank at home
country of overseas to BSM customer.
• BSM RTGS (Real Time Gross Settlement)
Rupiah currency interbank real-time transfer within
the same city or different cities. Effective transfer within
minutes.
• Transfer Dalam Kota (LLG)
Interbank fund transfer in the same local area of clearance.
• Transfer D.U.I.T.
(Dana Untuk Indonesia Tercinta)
Overseas to Indonesia remittance service. Currently, BSM is
in cooperation with Merchantrade Asia (MTA) Malaysia.
• BSM Pajak Online
Taxpayer facility to pay tax obligation (other than import
tax payment) through automatic account debiting or by
cash.
• BSM Pajak Import
Facility for importers to pay imported commodity tax via
online channel as a requirement to ship the commodity
from custom warehouse.
• BSM Referensi Bank
A reference letter issued by Bank Syariah Mandiri
upon customer official letter for a specific purpose..
Characteristics
PT Bank Syariah Mandiri
41
Annual Report 2013
The Company
at a Glance
Structure
Organization
Board of Sharia Supervisory
Komaruddin Hidayat
M. Syafii Antonio
Mohamad Hidayat
Micro
Banking Directorate
Network & Asset Management
Directorate
Corporate Banking & Treasury
Directorate
Hanawijaya
Sugiharto
Amran Nasution
Micro
Banking & Hajj (MHD)
Small
Banking (SBD)
Corporate
Banking (CRD)
Andri V. Sabardi
Teguh Budi Santoso
Siti Nurdiana
Consumer Banking
(CND)
Financing
Restructuring (RSD)
Commercial Banking
(CMD)
Rustanti Rachmi
Sulistyo Budi
Pawning (PWD)
Financing
Recovery (FRD)
Jeffry Prayana
Dadang Hernawan
Anton Sukarna
Special Financing &
Syndication (FSD)
Indra Falatehan
Operation (OPD)
Alternate Channel (ALD)
Agus Tri Widodo
Zul Ikbal
Treasury & International
Banking (TID)
Tutuy Guntara
Network (NWD)
Retail Customer
Management (RCD)
Firman Jatnika
Dewa Bagus Ivan Baruna
Procurement & Services
(PSD)
Subki Matsyah
Remittance
Business &
Transfer (RBD)
Region I-V
Erick Pardede
Corporate
Secretary (CSD)
Taufik Machrus
Branch
Annual Report 2013
42
PT Bank Syariah Mandiri
GMS
(General Meeting of Shareholders)
Audit
Committee
President
Director
Board of Commissioners
Nomination &
Remuneration Committee
Achmad Marzuki
Ramzi A. Zahdi
Bambang Widianto*
Agus Fuad
Sulaeman
Yuslam Fauzi
Risk Monitoring Committee
Risk Management
Directorate
Compliance
Directorate
Achmad Syamsudin
Zainal Fanani
Risk Management (RMD)
Compliance (CPD)
M. Fanny Fansyuri
Priyo Prakoso
IT Strategy & Assurance
(ISD)
Policy &
Procedure (PPD)
Roosita Abdullah
Muslihan
IT Operation (IOD)
Human Capital
(HCD)
Khoirul Huda
Achmad Fauzi
Accounting (ACD)
Learning Center
(LCD)
Musdar Ayub
Gunawan Arief Hartoyo
Retail, Micro and Small Risk
Assessment (RAD)
Planning
Development
& Performance
Management (PMD)
Romadhona Fitri
Eka Bramantya Danuwirana
Commercial and Corporate
Risk Assessment
(CAD)
Tri Widiyono
Internal Audit (IAD)
Mardiana
Risk Management
Committee
Transformation
Management & Corporate
Culture (TCD)
Putu Rahwidhiyasa
Bussiness unit
Support unit
Legal (LGD)
Asriel Hay
Pursuant to BOD No. 15/1003-KEP/DIR August 20, 2013 on PT
Bank Syariah Mandiri organization structure.
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
43
Annual Report 2013
The Company
at a Glance
Operation
Area
Region 3
Plaza Bumi Daya Lantai 22,
Jl. Imam Bonjol No.61,
Jakarta Pusat.
Telp. (021) 3903969
Fax. (021) 3904395
South Sumatra
Jambi
Bengkulu
Lampung
Bangka Belitung Islands
West Java
Central Java
D.I. Jogyakarta
West Borneo
Region 1
Gedung BSM Lt. 4
Jl. A.Yani No. 100,
Medan, Sumatera Utara
Telp. (061) 4534466
Fax. (061) 4534456
Aceh
North Sumatra
West Sumatra
Riau Islands
Region 2
Plaza Bumi Daya Lantai 22,
Jl. Imam Bonjol No.61,
Jakarta Pusat.
Telp. (021) 3903969
Fax. (021) 3904395
Jabodetabek
Banten
Region 4
Komplek Darmo Galeria
Blok C-1,
Jl. Mayjend Sungkono
No.75,
Surabaya, Jawa Timur.
Telp. (031) 5610554
Fax. (031) 5610556
East Java
Bali
Annual Report 2013
44
PT Bank Syariah Mandiri
Region 5
Jl. Dr. Ratulangi No.
88 B-C-D, Makassar,
Sulawesi Selatan.Telp.
(0411) 833070
Fax. (0411) 833069
Central Borneo
South Borneo
East Borneo
North Sulawesi
Gorontalo
Central Sulawesi
West Sulawesi
South Sulawesi
Southeast Sulawesi
East Nusa Tenggara
Maluku
Papua
PT Bank Syariah Mandiri
45
Annual Report 2013
The Company
at a Glance
Company
Structure
PT BANK MANDIRI (Persero) Tbk.
SUBSIDIARIES
n
PT Bank Syariah Mandiri
Bank Mandiri
(Europe) Limited
PT Mandiri
Sekuritas
PT Bank Sinar
Harapan Bali
PT Mandiri
Tunas Finance
Mandiri
International
Remittance Sdn.
Bhd.
n
Annual Report 2013
46
PT Bank Syariah Mandiri
JOINT
CONTROLLED
ENTITIES
AFFILIATED
PT AXA Mandiri
Financial
Services
PT Bank Syariah Mandiri
PT Mandiri AXA
General Insurance
PT Kustodian Sentral
Efek Indonesia
47
PT Bapindo Bumi
Sekuritas
Annual Report 2013
Westech Electronics,
Singapore
PT Sarana Bersama
Pengembangan
Indonesia
The Company
at a Glance
A.Shareownership Structure
The Bank
Shareownership
Structure of PT Bank Syariah Mandiri (BSM)
shareownership as end of 2013 is as follows:
1. PT Bank Mandiri (Persero) Tbk. owns 99.
99999966% or 297,804,386 shares of the Bank.
2. PT Mandiri Sekuritas, owns 0. 00000034% or 1 share
of the Bank.
BSM Shareownership based on Deeds No. 25 dated
December 30th, 2013
Shareholders
Total Shares
PT Bank Mandiri (Persero) Tbk.
Ownership Percentage
297.804.386
99,99999966
1.489.021.930.000
1
0,00000034
5.000
297.804.387
100,00000000
1.489.021.935.000
PT Mandiri Sekuritas
Total
Total (Rp)
B. Shareholders Profile
1. PT Bank Mandiri (Persero) Tbk.
is established on October 2nd, 1998 as part of
banking restructuring program held by Government
of Indonesia. Bank Bumi Daya, Bank Dagang
Negara, Bank Ekspor Impor Indonesia and Bank
Pembangunan Indonesia mergered into PT Bank
Mandiri (Persero) Tbk.
PT Bank Mandiri (Persero) Tbk. is a listed company
at Indonesia Stoc Exchange.
Annual Report 2013
48
PT Bank Mandiri (Persero) Tbk. is operated on
banking business.
Shareholders of PT Bank Mandiri (Persero) Tbk. are
Government of Republic of Indonesia (60%) and
Public (40%).
PT Bank Syariah Mandiri
2. PT Mandiri Sekuritas
A subsidiary of PT Bank Mandiri (Persero) Tbk.
which is operated on Management and Investment
Consultant business. Founded on July 31st, 2000
as the merger of PT Bumi Daya Sekuritas, PT Exim
Sekuritas, and PT Marincorp Securindo.
PT Bank Syariah Mandiri is not a public listed
company, that the public, Board of Directors or
Board of Commissioners of BSM do not have shares
ownership on BSM.
C. Board of Commissioners Shares Ownership
BSM assures minority shareholders right fulfillment
based on prevailing Law and Good Corporate
Governance (GCG) principles.
Name
In 2013, the Board of Commissioners did not have any
shares in BSM as well as other Banks and Companies.
Position
Shares
Shares in Other Companies
Independency Status
Achmad Marzuki
President Commissioner
None
None
Independent
Ramzi A. Zuhdi
Commissioner Member
None
None
Independent
Bambang Widianto*
Commissioner Member
None
None
Independent
Agus Fuad
Commissioner Member
None
None
Non-Independent
Sulaeman
Commissioner Member
None
None
Non-Independent
D. Board of Directors Shares Ownership
Name
In 2013, the Board of Directors did not have any shares
in BSM as well as in other Banks and companies. The
Board of Directors members are appointed from external
party without any relation with BSM affiliation and or
Controlling Shareholders.
Position In BSM
Shares
Shares in Other COmpanies
Independency Status
President Director
None
None
Independent
Hanawijaya
Director
None
None
Independent
Amran P Nasution
Director
None
None
Independent
Zainal Fanani
Director
None
None
Independent
Sugiharto
Director
None
None
Independent
Achmad Syamsudin
Director
None
None
Independent
Yuslam Fauzi
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
49
Annual Report 2013
The Company
at a Glance
Shares Listing
Chronology
PT Bank Syariah Mandiri is a private company which does not
issue shares to public that the information on Shares Listing
Chronology and corporate action bringing change to the total
securities are not available.
Other Securities
Listing Chronology
PT Bank Syariah Mandiri is a private company which does not
issue shares to public that the information on other Securities
Listing Chronology and corporate action bringing change to
the total securities are not available.
Company’s Supporting
Professional
Institution
Name and Address of Notary, Legal Counsellor and Public
Accountant Office
The Bank has appointed and hired list of Notary and Legal
Counsellor to assist litigation which is related with the Bank
Business Process. Following are list of the Bank’s Notary and
Legal Counsellors:
a. Notary in Head Office


Notary: Badarusyamsi, SH, MKn.
Address: Komplek Ruko Mutiara Faza Blok RD/4 Jl.
Raya Condet No. 27, Jakarta.
Notary: Chairul Bachtiar, SH
Address: Jl. Rambutan Raya No. 29 Pejaten Barat,
Jakarta-12510. Telp: (021) 7970216, HP: 081311075575
b. Legal Counsellor
 Legal Counsellor: SGS Consulting Consulting
Law Office.
Alamat: Jl. Cipaku III No. 7, Kebayoran Baru, Jakarta
Selatan. Telp: (021) 72797881
 Legal Counsellor: Widiani-Sulistiono & Partners.
Alamat: Jl. Gandaria 2 No. 12 B, Kebayoran Baru,
Jakarta Selatan. Telp: (021) 7393795-9487779571017795
 Legal Counsellor: Law Office of Remy & Partners.
Alamat: Jl. Gandaria II No. 12 B. Kebayoran Baru
Jakarta
 Legal Counsellor: Soebagjo, Jatim, Djarot Law Firm
Alamat: Jl. Taman Pinang Nikel Blok PR No. 35
Pondok Indah, Jakarta Selatan. Telp: (021)
75909097
c. Public Accountant Office
 Public Accountant Office: Purwantono, Suherman
& Surja
Address: Indonesia Stock Exchange Building Tower 2
Lantai 7 Jl. Jend. Sudirman Kav. 52 - 53, Jakarta
12190
Annual Report 2013
50
PT Bank Syariah Mandiri
Profile of Subsidiaries
and Affiliations
Mandiri International Remittance Sendirian
Berhad (MIR)
A subsidiary of Bank Mandiri which is operated on Money
Remittance business. MIR is operated since November 29th,
2009 with Headquarter in Kuala Lumpur, Malaysia.
PT Bank Syaraih Mandiri does not have any subsidiary but
has several affiliations which are Subsidairies of PT Bank
Mandiri (Persero) Tbk., namely as follows:
PT Mandiri Sekuritas (Mansek)
Bank Mandiri (Europe) Limited (BMEL)
Founded in London on August 2nd, 1999. BMEL is a company
which is operated in Banking industry, established to take over
business activity of Bank Exim London Branch.
A subsidiary of Bank Mandiri which is operated on Stock
Market business. Mansek is established on July 31st, 2000
and held operating status.
PT Bank Sinar Harapan Bali (BSHB)
A Company operated in Banking industry since November 3rd,
1992.
PT AXA Mandiri Financial Services (AMFS)
Bank Mandiri and AXA Joint Venture, AMFS is operated on
Life Insurance business since December 2003.
PT Mandiri Tunas Finance (MTF)
A Company operated on multi Finance business. MTF is
established in 1989 and held operating status.
PT Mandiri AXA General Insurance (MAGI)
Bank Mandiri and AXA Group Joint Venture, a Company
operated on General Insurance business. MAGI was
officially launched on October 27th, 2011 and held
operating status.
PT Bank Syariah Mandiri
51
Annual Report 2013
The Company
at a Glance
Award
In 2013, PT Bank Syariah Mandiri
(BSM) obtained various awards
from several institutions, both domestic and aboard. The awards reflect
public trust to BS.
42
2013
30
29
16
12
10
8
2012
2011
2010
2009
2008
2007
Annual Report 2013
52
PT Bank Syariah Mandiri
BSM conducted call center Grand Launching
under the new name of BSM Call 14040. The
new call center launching is aimed to support
customers service to the customers and
business partners
Rating
BSM always improve quality in various
aspect. In 2013, PEFINDO ranked
AA+ (idn) for the Company.
AA+(idn) AA+(idn) AA+(idn)
2011
AA-(idn) AA-(idn)
2009
A+(idn) A+(idn)
2007
A(idn)
2013
FitchRating
2010
FitchRating FitchRating
2008
FitchRating FitchRating
RATING
2006
AA+ (idn), Pefindo 2013
FitchRating
PT Bank Syariah Mandiri
2012
53
Annual Report 2013
The Company
at a Glance
Corporate
Event
30
January
BSM won The Best
Indonesia Islamic
Bank Awards from
Asiamoney
SThroughout 2013, PT Bank Syariah
Mandiri (BSM) held various corporate
events including partnership, corporate promotion and Corporate Social
Responsibility (CSR) activity.
26
February
BSM won The
Best Islamic Bank
in Indonesia 2013
from Euromoney
11
March
BSM held
Entrpreneurship Training
and Working Capital
donation
15
April
President Director of
BSM received CEO
Inovatif award from
Gatra magazine
Annual Report 2013
54
PT Bank Syariah Mandiri
26
29
September
May
General Meetings
of Shareholders
Fiscal Year 2012
BSM won Best Brand
Award 2013 from
SWA magazine in
cooperation with
MARS
13
01
June
October
BSM in cooperation
with Mizan Publisher
held gala dinner with
Karen Armstorng as
sourceman
BSm won Best
Performance Award in
Indonesian Banking
Award 2013 from
Tempo magazine in
cooperation with CRMS
31
01
July
November
BSM held 14th
Anniversary Celebration
carrying the theme
“Stronger Fundamentals
for Greater Indonesia
BSM won Best
Syariah Award
2013 from Investor
Magazine
19 - 21
01
August
December
BSM in cooperation
with Bank Mandiri to
synergize BSM deposit
service in Bank Mandiri
network
PT Bank Syariah Mandiri
End Year National
Coordiantion
Meeting 2013
55
Annual Report 2013
The Company
at a Glance
List of
Awards
For the performance achieved in
2012 and 2013, the Company and
President Director won 42 awards
both at national and international
levels namely on GCG, Financial
Performance, Service, Marketing
and Human Capital aspects as
illustrated on following table:
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
1.
The Best Brand Equity
Champion (Islamic
Banking:Silver)
Markplus Insight
Magazine
Award for highest top of mind
awareness bank from Markplus
in cooperation with Markplus
Insight Magazine .
January 31, 2013
2.
Excellence Service
Award 2013
Bisnis Indonesia
& Carre
Award for Excellent Predicate
company in providing positive
experience to the customers
based on survey assessment.
February 7, 2013
3.
Mandiri Excellence
Service Award 2013
Bank Mandiri
Award from Bank Mandiri to
subsidiary on culture execution
event.
February 6, 2013
4.
Platinum Trophy
Award 2013
Karim Consulting
Award on corporate financial
performance. Bank Syariah
Mandiri won Islamic Finance
Award in five consecutive times
from Karim Consulting.
February 22, 2013
5.
The Best Islamic Bank
2013
Karim Consulting
Award from Karim Consulting
on corporate overall
performance. BSM won asThe
Best Islamic Bank from Karim
Consulting in 2012.
February 22, 2012
Annual Report 2013
56
PT Bank Syariah Mandiri
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
6.
The Most Expansive
Financing
Karim Consulting
Award from Karim Consulting
on company’s performance
in disbursing financing. BSM
is highest Sharia Bank in
disbursing finance.
February 22, 2012
7.
The Most Profitable
Karim Consulting
Award from Karim Consulting
on company’s performance in
achieving income. BSM is the
highset sharia bank in income
realization.
February 22, 2012
8.
The Best Islamic Bank
in Indonesia 2013
Award from internasional
Euromoney for best sharia bank
in Indonesia based on survey.
February 26, 2013
9.
Indonesia Middle
Class Brand
Consumers’ Choice
Best Middle Class Consumer
Preferred Brand Award at 9
cities in Indonesia. The Surve
is conducted by Inventure
in cooperation with SWA
Magazine.
February 27, 2013
10.
Care Towards
The Special
Needs of Muslim
CommunityThe Best
Islamic Retail Bank in
Indonesia
PT Bank Syariah Mandiri
Internasional
Euromoney
SWA Magazine
Markplus Inc.
57
Award for the Bank which
complies with Moslem
Community Special Needs
in Indonesia related with
Financial Transaction. The
Award is based on a suvey
conducted by Markplus Inc in
cooperation with Journal of
Islamic Marketing, University of
Greenwicth.
Annual Report 2013
March 18, 2013
The Company
at a Glance
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
11.
CEO Inovatif 2013
GATRA Executive
Forum
Award for Executives who is
considered giving positive
contribution not only for
the Company, but also for
progressive growth towards
more positive development to
Indonesian society.
April 15, 2013
12.
Indonesian Bank
Loyalty Award 2013
(Rank II)
Infobank &
Markplus Insight
Award for Sharia Bank with
high customers loyalty based
on survey held by Infobank and
Markplus Insight.
April 17, 2013
13.
Service Quality Award
CCSL & Service
Excellence Magazine
Award on company’s service
quality under survey method
to the customers. The research
indicators are accessibility,
service process, people, service
solution. The survey was held
by CCSL and Service Excellence
Magazine.
May 28, 2013
14.
Corporate Image
Award
Bloomberg
Businessweek &
Frontier Consulting
Award for the Company with
highest rating on survey with
indicators of parameter quality,
attractiveness, performance
and responsibility. The
Survey was held by Frontier
Consulting.
June 12, 2013
15.
Best Service Excellence
Bank Rank: II
MRI & Infobank
Award for service quality
with 8 indicators of security,
teller, customer service, room
convenience, toilet, Banking
Hall equipment, and ATM. The
Survey was held by MRI in
cooperation with Infobank.
June 14, 2013
Annual Report 2013
58
PT Bank Syariah Mandiri
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
16.
The Best Islamic Bank
in Indonesia
The Asset Hongkong
Award from The Asset
Hongkong as Indonesian
Sharia Bank with Best Financial
Performance in 2012.
July 3, 2013
17.
The Best Islamic Retail
Bank in Indonesia
The Asset Hongkong
Award from The Asset
Hongkong as Indonesian Sharia
Bank as best in Retail banking
transaction.
July 3, 2013
18.
The Best Islamic
Trade Finance Bank in
Indonesia
The Asset Hongkong
Award from The Asset Hongkong
as Indonesian Sharia Bank with
best Trade Finance Transaction.
July 3, 2013
19.
Platinum Trophy Award
Infobank
Award from Infobank
on Company’s Financial
Performance in 2012, BSM
won award as Excellent
Perforamnce Bank in more than
10 consecutive years.
July 5, 2013
20.
Bank Berkinerja
Sangat Bagus.
Infobank
BSM won Excellent Performance
award in 2012 for capital
between Rp1 trillion to Rp5
trillion.
July 5, 2013
PT Bank Syariah Mandiri
59
Annual Report 2013
The Company
at a Glance
No.
Name of Awards
21.
Indonesian Most
Admired Knowledge
Enterprise Award
22
Award Organization
Name of Achievement
Awarding Date
Dunamis
Award for Knowledge
Management implementation
in the Company. The
assessment was held by
Dunamis.
July 24, 2013
Best Syariah 2013
Grup Majalah Investor
Award as Best Sharia Bank from
financial performance for Bank
with Assets exceeding Rp10
trillion.
The awarding organizer is
Investor magazine.
July 31, 2013
23.
Word of Mouth
Marketing 2013
Majalah SWA & Onbee
Word of Mouth Marketing
Award with assessment
indicators are talk, promo and
social network. The Survey was
held by SWA and Onbee.
August 29, 2013
24.
Indonesia Woman
Survey 2013
Kartini Magazine
Best Women Brand Award
based on Kartini Magazine
Survey.
August 29, 2013
25.
The Best Islamic Bank
2013
Asiamoney
The Best Islamic Bank in
Indonesia Award based on
Asiamoney polling to 6000
institutions in Asia.
September 26, 2013
26.
Indonesia Best Brand
Award 2013
SWA dan MARS
Brand Popular Award based on
Top of Mind Advertising and
Top of Mind Brand Variables,
Bank with Best Product, Bank
with Best Service, Trusted Bank,
Strongest Bank and Market
Share. The Survey was held by
SWA and MARS.
September 26, 2013
Annual Report 2013
60
PT Bank Syariah Mandiri
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
27.
Anugerah Perbankan
Indonesia (Best
Performance)
Economic Review
Award for Best Financial
Performance Sharia Bank for Core
Capital to Rp1 to Rp5 trillion core
capital. The award organizer was
Economic Review.
September 26, 2013
28.
Anugerah Perbankan
Indonesia (Best IT)
Economic Review
Award for Sharia Bank with
Best Inforamtion Technology
Implementation for Core Capital
Category between Rp1 to Rp5
trullion. The Award organizer was
Economic Review.
September 26, 2013
29.
Anugerah Perbankan
Indonesia (Best CEO
Leadership)
Economic Review
Award for Sharia Bank with
Best CEO Commitment for Core
Capital category between Rp1 to
Rp5 trillion. The Award organizer
was Economic Review.
September 26, 2013
30.
Anugerah Perbankan
Indonesia (Best Modal
Inti)
Economic Review
Award for Sharia Bank with
Largest Core Capital for Core
Capital category between Rp1 to
Rp5 trillion. The Award organizer
was Economic Review.
September 26, 2013
31.
Indonesian Banking
Award 2013
TEMPO & CRMS
Award as Best Performance for
Financial Performance aspect for
Sharia Bank BUKU 2 category.
The award was handed by Tempo
Magazine and CRMS.
October 1, 2014
32.
Annual Report Award
2012
Ministry of Finance,
BI, Bapepam-LK, IDX,
IAI, KNKG, Taxation
General Directorate
Award from Ministry of Finance,
BI, Bapepam-LK, IDX, IAI, KNKG,
Taxation General Directorate
on Information Disclosure on
Annual Report 2012. BSM Annual
Report 2012 obtained Best Score
for Non-Listed Private Financial
institution category.
October 17, 2013
PT Bank Syariah Mandiri
61
Annual Report 2013
The Company
at a Glance
No.
Name of Awards
33.
Best Syariah Finance
2013
34.
Indonesia Middle Class
Brand Champion 2013
35.
Indonesia Middle Class
Brand Champion 2013
36
Indonesia Brand
Champion 2013
37.
38.
Award Organization
Awarding Date
Award of Company’s financial
performance based on financial
statement 2012.
November 7, 2013
SWA Magazine &
Inventurr
Award based on brand survey
preferred by middle class
community for Motor Vehicle
Ownership loan in Sharia Bank.
The organizer was SWA Magazine
in cooperated with Inventur.
October 31, 2013
SWA Magazine &
Inventur
Award based on brand survey
preferred by middle class
community for Mortgage in
Sharia Bank. The organizer was
SWA Magazine in cooperated
with Inventur.
October 31, 2013
Marketeers & Markplus
Award for Mortgage Product:
Gold Category for Bank with
Assets under Rp75 Trillion. The
award was handed by Marketeers
in cooperation with Markplus.
October 31, 2013
IT Banking Excellence
Award
Warta Ekonomi
Magazine
Award on Information Technology
implementation in relation with
corporate business performance.
The award organizer was Warta
Ekonomi.
November 13, 2013
Indonesian Customer
Satisfaction and Loyalty
2013
SWA Magazine &
Frontier
Award based on survey for
customers satisfaction and
loyalty, held by SWA Magazine in
cooperation with Frontier.
December 5, 2013
Annual Report 2013
Infobank
Name of Achievement
62
PT Bank Syariah Mandiri
No.
Name of Awards
Award Organization
Name of Achievement
Awarding Date
39.
Indonesia Human
Capital Study Award
2013 (The Best for CEO
Commitment)
Dunamis
Award on Human Capital
Development Implementation
Survey in the Company. Organizer
was Dunamis.
December 5, 2013
40.
Indonesia Human
Capital Study Award
2013 (The Best for
Human Capital Initiative
Recruitment)
Dunamis
Award based on Indonesia
Human Capital Study (IHCS)
survey. The organizer was
Dunamis. In the survey, BSM
was assessed having initiative to
perform best recruitment.
December 5, 2013
41.
The Most Trusted
Companies
SWA Magazine & IICG
Award from SWA Magazine
in cooperation with Yayasan
IICG on knowledge-based GCG
implementation in 2012. The
award was based on Corporate
Governance Perception Index
by IICG.
December 16, 2013
42.
Net Promoter Leader
The award was based on
Corporate Product promotion
product by the community
through social media. The
Survey was carried by Hachiko in
cooperation with SWA magazine.
December 18, 2013
SWA Magazine &
Hachiko
PT Bank Syariah Mandiri
63
Annual Report 2013
Human Resources
Development
BSM seeks to ensure availability of top talent
management on strategic positions, both
presenty and in years to come. Therefore, BSM
implements Talent Management Program.
Laporan Tahunan 2013
64
PT Bank Syariah Mandiri
Yogyakarta - Keris as artwork and spiritual art
PT Bank Syariah Mandiri
65
Laporan Tahunan 2013
Human Resources
Development
Human Resources
Development
H
uman resources is a dominant factor which
determines a Company’s success, as a potential
derived from human capacity as the principal capital
for the organziation in achieving its target. To ensure that
top talent employees availability on strategic positions both
presently and in years to come, the Bank implements Talent
Management.
Talent
Management
System
Talent
Retention
Talent
Development
Talent
Identification
Talent
Acquisition
Annual Report 2013
66
PT Bank Syariah Mandiri
A.Employees Profile
2) Employees profile based on career level
As end of 2013, total employees of the Bank reached
to 16,945 employees, grew by 5.91% from 15,999
employees as end of 2013. Increase/additional
employees number is proprotional with the Bank’s
expansion from number of Branch Office and Outlet under
its supervision in various area.
2012
Education Level
BSM
Master Degree
4
Bachelor Degree
7.835
Diploma
1.163
Total
1.927
8.022
1.585
393
1.134
594
99
4.276
89
5.184
7
68
7
68
9.331
6.668
9.513
7.432
9.331 9.513
9.000
7.802
8.000
6.668
7.000
5.580
6.000
7.432
5.722
5.000
2.000
1.000
264
549
722
959
1.913
1.377
98
119
2.127
2.032
2.228
379
594
775
2.547
946
3.109
2.322
1.435
41
11
11
6
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
BSM Employees
Outsource
2) Employees profile chart based on education level
9.762 9.607
10000
9000
8000
7000
6000
5.273
5000
4.375
4000
3000
1.556 1.728
2000
1000
0
231
262
Master
75
Diploma
Bachelor
2012
PT Bank Syariah Mandiri
SHS
JNS (others)
2013
67
75
Annual Report 2013
Outsource
1
1) Employees Profile and Trend
10.000
BSM
261
Junior (Other)
3.000
Outsource
227
High School
4.000
2013
Human Resources
Development
B.Recruitment
3) Employees profile based on career level
Career Level
2012
Executive Vice President
Senior Vice President
Vice President
Assistant Vice President
General Manager
Assistant General Manager
Senior Manager
Manager
Deputy Manager
Assistant Manager
Associate Manager
Senior Executive
Executive
Junior Executive
Associate Executive
Non Clerk
Outsource
Total employees
2013
9
21
3
22
5
26
46
107
291
357
351
752
819
1.457
2.637
2.386
4
63
6.668
15.999
8
30
58
114
285
393
408
882
774
1.469
2.595
1.601
813
58
7.432
16.945
Rapid and dynamic growth drive BSM to recruit
integrated, innovative and knowledgable resources that
will carry sound and efficient banking operational activity.
To meet respective demand, BSm carries regular and
special recruitment process and program.
Regular Recruitment Program
A recruitment program to obtain employee candidates
based on vacant shedule. Employee candidate selection
and appointment refers to required qualification in hiring
employees for working units at Head Office, Regional
Office and Branch Office of BSM nationwide.
Employees profile chart based on Career Level
3.000
2.637
2.595
2.500
2.386
813
1.469
1.457
819
774
1.500
2012
1.601
882
752
1.000
408
351 393357
58
2013
2.000
63
4
291
285
500
114
107 58
46
30 26
8 5
22
21
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Annual Report 2013
68
0
PT Bank Syariah Mandiri
Regular recruitment program is started with administrative
selection, general knowledge test, psychotest, cross
reference process (data clarificaiton to former company),
interview test and medical check-up.
Recruitment mechanism scheme:
Special Recruitment Program
a. Early Recruitment Program (ERP)
Early Recruitment Program (ERP)
Fresh graduate employee recruitment program in
cooperation with university/educational institution. ERP
program participant is student who meet BSM criteria,
which will obtain training based on certain competency
required by BSM.
In 2012, Bank Syariah Mandiri developed partnership with
38 (thirty eight) state and private universities from all over
Indonesia.
Total participants who registered and participated on ERP
program reached to 1,032 participants in 2013 and total
recruited employees were 266 employees.
Administration Test,
General Competency Test,
Psychological Test, User
Interview Test,
Medical
b. Management Development Program (MDP)
A 9 months educational program to develop BSM
employees candidate potential and talent. To participate
on the program, BSM employee candidate not only hsa
to have good academic record but also active in student
or social organization. MDP is a mechanism to prepare
future Bank Syariah Mandiri leadership candidate.
C.Organization and Position
Rapidly changing organization circumstance both from
regulation, customers demand and operational aspect drove
the Bank to adjust its organization. Therefore, the Bank has to
design and prepare job description to comply with organization
demand. Moreover, organization effectiveness improvement
to achieve expected corporate vision an dmission has to focus
on employees’ conduct.
Improvement of organizational effectiveness is also carried
through position focus based on competency that during the
organizational development process will be more dynamic
and potential. To overcome aforementioned condition, BSM
PT Bank Syariah Mandiri
69
Annual Report 2013
Human Resources
Development
has carried several organization structure planning and
preparation, as follows:
1. Detailing organization structure changing to the
lowest level by aligning with BSM segment centric
business model.
2. Centralizing the Bank’s operational to support
business model transformation which will affect on
organization structure changing.
3. Recruiting employees by concerning competency
gap on the new position.
4. Performing transformational management to
ensure every position has been appropriately
integrated.
5. Organization structure Design and organization
structure implementation roadmap starting from
transition to end state phase at BSM in 2015.
Remuneration Scheme
D.Remuneration System
An initiative to support BSm target is throughout competitive
remuneration appraisal as one of employee retention program
realization. Moreover, BSM also seeks to provide attractive
remuneration as an attractiveness to recruit high-quality
employee.
Remuneration program which had been carried by BSM in
2013 was by appraising employees basic salaries under
general increase method in reference with inflation & merit
increase which also related with employees performance. In
2013, the Management approved employees basic salaries
appraisal to average of 37%.
Base Salary
Compensation
Allowance
Remuneration
Variable
Grade Allowance
Position Allowance
Expertise Allowance
Oil Fuel & Cellular Phone Allowance.
Cola Allowance
Expensiveness Allowance.
TPUK
Bonus
Leave & Leave Allowance
Jamsostek
DPLK
Official Vehicle
Housing
Uniform
Sports & Religious Activity
Career
Employee Health
Employee Loan
Official Travel
Moving Allowance
Benefit
Annual Report 2013
Basic Salary
Religious Holiday Allowance
(THR)
70
PT Bank Syariah Mandiri
E. Employees Assessment
Performance evaluation is referring to main principle
oriented on target achievement and encorouging the
employees to further develop competency in delivering
works. Unit Head and the Superior are in charge to
provide direct guidance and motivation in form of
coaching, counselling and feedback to their subordinates
that will perform better work and prevent target
acheivement failure by the end of the year.
Performance assessment is a process inside the
organization to measure employees performance under
set of standards and communicate the mechanism with
the employees. One of the methods to assess corporate
performance is by reviewing employees performance.
The assessment period conducted since January 1 to
December 31 in current year. The assessment review
phase is carried quarterly and annually in current
assessment period.
Performance evalaution consists of 2 (two) main
components, as follows:
a. Target: Indicating quantiative aspect from
performance target (result oriented).
b. Process: Representing qualitative aspect of
performance (process oriented).
Performance planning system is integrated among
Corporate, Directorate,Working Unit and Individual with
several phases, as follows:
First Phase: The Bank prepares workign target which overall stated
under Bank Business Plan (RBB) which had been
approved by Board of Directors/Shareholders.
F. Reward and Punishment Policy
Second Phase:
Working Unit stipulates Working Unit target based on
RBB in form of BSC. The Working Unit target is directly
used as Working Unit Head target in form of Division
BSC, Regional Office and KPI of Branch Office.
Third Phase
The Working Unit prepares working target for each
employee based on each Unit target. The target is
calliberated by Unit Head to each employee by referrign
to strategic target based on BSC (KPI) and routinity target
based on job description.
Evaluasi kinerja merupakan proses penilaian pencapaian
hasil kerja dengan cara membandingkan antara target
dengan realisasi pencapaian sasaran strategis BSC (KPI)
dan sasaran rutinitas berdasarkan uraian jabatan (job
description).
Besides regular employes development program
implementation, the Company also conducts employees
competency improvement program through job enrichment &
job enlargement as employees assignment on various projects
namely Corplan, CBS, Saturn as well as other strategic
projects and positions. Total developed employees on those
programs reached to 246 employees in 2013.
The Company also continues to develop employees regularly
through grade promotion and appraisal as well as level
promotion. In 2013, total employees who received grade
and/or position promotion reached to 2,668 employees
and position promotion to 659 employees. The promoted
employees, both on grade and position have prior participated
on administrated and competency test.
Performance evaluation is an assessment process on
working result achievement by comparing BSC (KPI)
strategic target achievement to routine target based on
jobs description realization.
PT Bank Syariah Mandiri
BSM always attempts to improve employees welfare based on
performance acheivement under guaranteed acsh mechanism
implementation and other employment facilities. Rewarsd
system in BSM is applying performance assessmetn basis
carried quarterly. Several reward program which had been
carried by BSM to the employees are namley throughout
annual bonus, reward incentive and Master Degree
Scholarship program.
71
Annual Report 2013
Human Resources
Development
In 2013, the Company distributed employees bonus by
referring to performance evaluation 2012. Total bonus
distributed to the employees was averagely to 3.5 times from
salary.
Bank Syariah Mandiri designs position group to assist
the management in implementing employees rotation/
mutation and development based on each position career
path.
Besides appreciation as employees performance reward, BSM
also applies fair punishment syste for employee who voilated
BSM regualtion. The development charged was as warning,
notification and penalty based on elvel of committed violation.
Competency model which has been aligned with position
group, will be later applied to formulate competency
profile, a set of competency which has to be have by
every employee/position to optimally carry assignment
which also equipped with proficiency level submitted by
respective employees.
G. BSM Competency Potential
The promoted employee, both by grade and position,
will firstly participate on series of administrative and
competency tests. Technical (hard) competency is
assessed through e-Learning media and conduct
(soft) competency is assessed through competency
assessment.
Competency refers to set of knowledge, capacity and
character required by an employee to carry his/her
assignment optimally. The competency is brought from
business startegy, corporate values as well as vision and
mission. Competency characteristcs are namely:
1. Contribution on organizational success.
2. Can be observed and measurable.
3. Able to differ prominent attitude delivered by an
employee.
4. Able to be developed under various methods.
To align competency with Bank Syariah Mandiri objective
and purpose, the Company determines required
competency for Bank Mandiri employees to work
optimally. Writen description on required competencies
are stated on written explanation named as competency
model. Bank Syariah Mandiri competency model consists
of type and definition of competency, competency level,
and Key Behavior Indicaor which can be observed and
measured.
Annual Report 2013
1. Officer Development Program (ODP)
ODP is a program specially dedicated for promoted
employee with position level shifting. An employee from
staff level who is promoted to Officer Level. Number of
staff level employee who passed ODP program in 2013
amounted to 314 employees.
72
PT Bank Syariah Mandiri
BSM ODP Program Scheme
No Pass
No Pass
Start
Promotion D1
STOP
STOP
Education
Competence Selection
Admin
Selection
Assesment
Center
Strength
Based
General Banking
Online Test
MMDP is a program for Junior Officer level employee to
be promoted to Middle Manager Level. In this program,
the employee will be equipped with soft and hard skill
competencies as well as receives self-development
material such as time management, leadership and
presentation skill effectively. Number of employees
passed from MMDP program in 2013 was 67 employees.
3. Senior Management Development Program (SMDP)
Competency – Based Human Resoruces Management
(CBHRM) is an approach in building excellent human
resources management centralizing on competency
focus. This is aimed that the Company will increase
effectiveness and consistency in implementing
recruitment, promotion, rotation/mutation, remuneration,
education and training, career development, performance
management as well as strategic planning on human
resources aspect optimally.
A program for employee on Manager Level to be
promoted to Head Group and Regional Head Level.
The development program is a series of employees
evaluation and development activities which is well-
PT Bank Syariah Mandiri
Self Leedership
& Project
Assignment
planned and systematic as well as formulated basd
on targeted Level characteristic. Number of staff level
employee who participated on MMDP program in 2013
was 9 employees. Refinement of SMDP program scheme
will always be carried as an improvement of the program
implementation.
2. Middle Management Development Program (MMDP)
Technical
Banking & OJA
Placement
73
Annual Report 2013
Human Resources
Development
List of HR Development Consultant
No
Consultant Name
Purpose
Working Scope
Description
1
Tower Watson
Salary Survey
Compensation
Performance and Reward
Management Division
2
Dayamandiri Dharmakonsolindo
Actuarial
Compensation
Performance and Reward
Management Division
3
Konsultan Saifuddin Bachrun
Remuneration Consultant
Compensation
Performance and Reward
Management Division
4
PT Cipta Busana Jaya
Man Uniform Production
Benefit
Performance and Reward
Management Division
5
PT Dekatama Centra
Woman Uniform Production
Benefit
Performance and Reward
Management Division
6
PT Mido Indonesia
Basic Uniform production
Benefit
Performance and Reward
Management Division
7
PT Aneka Search Indo.
Employees Assessment and
Appointment Rest
Recruitment
Recruitment & Placement
Division
8
PT W BSDM
Outsource employees
Recruitment
Recruitment & Placement
Division
9
Pramita
Employees candidate medical checkup laboratory
Recruitment
Recruitment & Placement
Division
10
Prodia
Employees candidate medical checkup laboratory
Recruitment
Recruitment & Placement
Division
11
Lead Pro Consulting
Strength Based ODP
People Development
Organizational and People
Development Division
12
Expert
ODP Assessment
People Development
Organizational and People
Development Division
13
PPM Management
- SMDP (Senior Management
Development Program)
- MMDP (Midle Management
Development Program)
People Development
Organizational and People
Development Division
14
PT. Piranti
Absence Machine Management
Operation
Operation & Services Division
15
Tower Watson
HRMS Project Supporting Consultan
HCD
Operation & Services Division
H.Employees Development and Training
To ensure that the employee has competency complying
with business demand, the Bank provides several
trainings which engages entire line of the organization.
The program is reflected on structurized training program
based on competency profile and business line, including
Annual Report 2013
1. Orientation and Development Program
74
Orientation and Development Program is an educational
stage to support employees career stage from
Banking Staff Program, Officer Development Program,
Management Development Program, Middle Management
Development Program.
PT Bank Syariah Mandiri
2. Banking Academy
7 subsidiary program for 7 position groups, Banking
Officer Program 2 positiong groups and ODP provides 8
position groups.
Banking academy training program aims to develop
employees knowledge, expertise and conduct which is
carried structurally throughout series of programmed
activities.
In 2013, the Bank also conducted Middle Manager
Development Program (MMDP) participated by 88
participants for employees to be promoted to Manager
level. The Bank also held Manager Development Program
(MDP) participated by 40 participants to prepare future
leaders.
Lesson through e-Learning will always be developed to
develop employees competency. Every current employee
3. Enhancement Program
Enhancement program aims to maintain employees
knowledge, expertise and conduct to always be updated
based on bank business demand, industrial dynamics
and global best practice in form of workshop, trainign,
certification program and Master Degree scholarship
program.
Education and Training Program Scheme
Banking Staff Program
Orientation & Development Program
Leadership Development Program
Micro. Retail & Consumer Banking Academy
Training
Program
Commercial & Corporate Banking Academy
Banking Academy
Operation & Support Academy
Sales & Services Academy
Leadership & Strategic Skills Enhancement
Business & Operation Banking Competencies Improvement
Enhancement Program
Public Training, Scholarship & Certification
Throughout 2013, the Bank succeeded in carrying
employees training and education program with total class
to 232 in house training classes participated by 6,118
participants. The Bank also participated 247 participants
on several public trainings in 2013. Improvement
from program quality aspect, the Bank provides new
employees education program (Banking Staff Program &
Banking Officer Program) and promotional educaiton as
specific Officer Development Program (ODP) based on
position group. Banking Staff Program education provides
PT Bank Syariah Mandiri
75
can access various training module on e-Learning.
Module reading and online test activities are also part of
pre-class training integrated with in-class training activity.
In 2013, the Bank launched Knowledge Management
program by opening BSM KM Portal and established
several Community of Practice to accelerate employees
learning process to be more optimum. In 2013, BSM was
also selected as one of Indonesian MAKE Award 2013
winners altogether with other 10 companies.
Annual Report 2013
Human Resources
Development
Employees Education and Training
Program
The Bank has educational and training program for the
employee to build competency and knowledge to support each
employee’s performance and career progress.
1. New Banking Staff Education Program
(BSP)
Banking Academy held by the Bank in 2013 applied
type of training as learning, training, workhop and
socialization activity.
In 2013, the Bank conducted in-class training program
on banking academy group to 112 training program
types, 232 classes adn 6,118 participants with data, as
follows:
Banking Academy Implementation Data
Type of Training
The Bank held Banking Staff Program to sharpen
newly recruited employees expertise specification.
BSP learning method applies total solution
belnded learning method which combined lesson
through e-Learning, in-class, on the job training/
individual project assignment, coaching and
mentoring to ensure achievement of education
purpose by the learning participants. BSP
consists of various sub-program, as follows:
Total
Participant
Education
45
70
1.566
Training
47
131
3.435
Socialization
5
13
298
Workshop
15
18
819
Grand Total
112
232
6.118
Enhancement program is aimed to maitanin employees
knowledge, expertise and conduct to be always
updated based on the bank business demand,
industrial dynamics and global best practice, in form of:
a.
Workshop
2. Banking Academy
Banking academy training program is aimed to deelop
employes knowledge, expertise and conduct carried
structurally throughout well-programme activitiy series,
as follows:
a.
b.
c.
d.
Total Class
3. Enhancement Program
a. Staff Level
1) BSM BSP for General,
2) BSM BSP for Frontliners,
3) BSM BSP for Operation Banking,
4) BSM BSP for Business Banking,
5) BSM BSP for Retail Banking,
6) BSM BSP for Micro Financing Analyst,
7) BSM BSP for Pawning Staff.
b. BSP for Officer
c. BSP for Manager
Total
Program
Workshop is an activity facilitated by the Bank
aiming to generate recommendation to develop
knowledge and other regulations on behalf of
the Bank’s progress which is carreid strucurally
throughout series of stipulated activities.
The Bank has participated 95 employees on
certification program in 2013.
Micro, retail & consumer banking academy
Commercial & corporate banking academy
Operation & support banking academy
Sales & service banking academy
Annual Report 2013
76
PT Bank Syariah Mandiri
b.
c.
Certification Program
capacity aspect including entire Company’s line on each line
by structure, including:
Certification program is employee knowldege
and expertise development and measurement
program on certain job sector. The Bank has
carried several certificaiton program such
as risk management, mutual fund trader,
bancassurance, wealth management, IT, audit,
HR pracice and other certification program.
1. Management Development Program
(MDP)
The program is aimed to develop the Bank’s
employee competency standard based on
industrial standard. The Bank has participated
746 employees on certificaiton program in 2012.
2. Officer Development Program (ODP)
Public Training
d.
Public Training is an education and training
program which the implementation is planned
and managed by external party (both domestic
and overseas), while the Bank will only send the
participants to participate on the training. BSM
has delegated 253 employees to participate on
103 public training in 2013.
ODP is a program dedicated to staff employees to be
promoted to officer level. The Bank has carried ODP
which participated by 417 employees in 2013 with 314
graduated employees.
3. Middle Manager Development
Program (MMDP)
Master Degree Scholarship Program
Master Degree Scholarship Program is a Master
degree program funded by the Company for
eligible employee based on criteria determined
by the Bank. The Bank had sent 19 employees
to participate on Master Degree Scholarship
Program in 2011, 12 employees in 2012 and 24
employees in 2013.
MMDP is a program dedicated for officer employees to
be promoted to Middle Manager Level. The Bank has
carried MMDP participated by 201 employees in 2013
with 67 graduated employees.
4. Senior Manager Development
Program (SMDP)
Leadership Development Program
Besides development through training and education, the
Bank also conducted development from employees leadership
PT Bank Syariah Mandiri
The program is aimed to prepare the Bank’s future
leaders. The Bank has conducted MDP Batch 13 and
Micro which graduated 46 employees in 2013.
77
SMPD is a program dedicated for officer employees to
be promoted to Senior Manager Level.
Every employees leadership training, education and
development program is fully managed by the Bank with
trainer from internal or external party. Every activity is
supported by budget allocation to Rp31.853 billion.
Annual Report 2013
Human Resources
Development
1. Blended Learning
Within the allocated cost, had successfully enhanced
employees learning culture both through in-class, coaching &
monitoring or self-learning through interactive learning process
at e-learning.
Blended Learning is a learing method combining on-line
method on e-Learning with in-class learning method.
The online module reading and exam activities also
become part of pre-class training which is integrated
with in-class training method.
Participants of blended learning training increased by
31% or 45 program in 2012 to 59 program in 2013.
e-Learning Method Scheme
In Class
Training
Skill, Attitude, and
Competency Driven
l
l
Field Observation
Action Plan
E-Learning
Training
Presentation
Tools Simulation
l Role Play
l Case Study
l Group Discussion
l
Knowledge and
Skill Driven
I.E-Learning
l
l
Reading Time
Pre and Post Test
l
l
l
Reading
Video Based Learning
Active Flash/Video
l
Forum Discussion
based Learning
2. Distance Learning
Lesson through e-Learning has continuously been
developed to build employees competency. Presently,
every employee is able to access various training module
on e-Learning.
BSM supports learning process through e-Learning by adding macromedia flash-based module.
BSM employees also may access 168 powerpoint material through e-Learning. The learning process on e-Learning is targeted to self-produced video learning.
Lesson and training method under e-Learning are applying several methods, as follows:
Annual Report 2013
78
Training under distane learning method is a traning
dedicated for employees which is non-integrated
with in-class training. The participant is provided
by an opportunity to learn on e-Learning that the
understanding level will be assessed.
PT Bank Syariah Mandiri
Author of “Life’s Journey,” Prof. DR. Komaruddin
Hidayat, also Chairman of BSM Sharia Supervisory
Board, acted as single speaker on BSM Leadership
Forum. As part of building Noble Economy
Civilization Spirit, BSM periodically holds
executive reviews.
Throughout 2013, BSM held training via e-Learning
in form of sharia banking technical knowledege
competition to 1,287 times, refreshment and online
examination, 58% higher from 2012 which was 538
times.
E-Learning Implementation Data
Description
1. Test Implementation
2. Blended Training
Program
3. On-line test module
Total employees participated on SE refreshment exam
in 2013 starting from Head of Branch Office/Division
Head position was reaching to 127,551 employees,
grew by 28% from 2012 which was 91,236 employees.
Learning process via e-Learning is higher within years.
In 2013, e-Learning utility from total module applied for
on-line exam was 249 modules.
Employee hits to e-Learning grew 26%, from 265,581
hits in 2012 to 493,354 his in 2013. BSM employees
visiting hours to e-learning also increased by 385 from
296,304 hours in 2012 to 475,549 hours in 2013.
2012
2013
Growth
538
1.287
58%
45
59
31%
266
249
-7%
4. Visit (hits)
365.581
493.354
26%
5. Visit hour
296.304
475.549
38%
91.236
127.551
28%
6. Test participants
J. Knowledge Management Program
The Bank realizes that knowledge dissemination process
has to be managed in structurized and comprehensive
manners. To support the knowledge dissemination effort,
the Bank conducted Knowledge Management (KM)
project by implementing KM since 2012.
Knowledge Management implementation was marked by
KM Program Kick Off on June 19, 2013. Purpose of KM
implementation in the Bank is to place BSM as innovative
knowledge-based Sharia Bank.
PT Bank Syariah Mandiri
79
Annual Report 2013
Human Resources
Development
The Bank has designed Knowledge Management
Implementation Roadmap with illustration as follows:
Building foundation for Knowledge
Management (KM)
1. Obtaining support from BOD and
Unit Head.
2. Carrying 14 KM recommendations.
3. Developing KM blueprint.
4. Developing knowledge map.
5. Carrying KM socialization and
internalization.
6. Growing Nature Community of
Practice(CoP).
7. Developing KM Management
System (KMS)
8. Aligning KM initiative with
business priority
Implementing KM in entire
organization and preparing
innovation development
9. Carrying KM initiative in entire
organization.
10.Performing KM socialization and
promotion to entire organization.
11. Identifying and informing knowledge
sources to entire organization
appropriately
12.Growing knowledge sharing and
collaborating culture.
13.Capturing, sharing, applying and
respecting ideas and innovation
14.Fostering innovation culture through
several Smart Knowledge Worker
communities.
15.Capturing, sharing, applying and
implementing organization success
idea and experience.
2013
2014
guidance in evaluating knowledge gap occured and
needed by BSM, and also functioned as reference in
carrying KM activities such as Knowledge Sharing at CoP.
1. Knowledge Management Portal (KM Portal)
Development
KM Portal is a web-based application which is functioned
to facilitate all employees in carrying knowledge sharing,
collaborating, discussing, asking to experts and seeking
required knowledget to support their assignments
completion.
3. Community of Practice Establishment
Community of Practice (CoP) is an employee group which
shares caring, issue and passion related with certain topic
and aims to develop knowledge and expertise by having
regular engagement.
BSM CoP group periodically implements sharing or
discussion activity informally and the result of activity
minutes of meetign is disclosed at CoP menu on KM
2. BSM Key Knowledege Taxonomy
Designing
16.Utilizing KM initiative as principal
in building BSM corporate
university.
17.Maintaining KM initiative and
innovation success.
18.Growing BSM corporate
university initiative.
19.Implementing measurement,
assessment and reward system
towards innovation in entire
organization.
20.Carrying comprehensive audit on
knowledge management initiative
and innovation and impact on
organization’s performance.
2015
Several Initiatives which had been conducted on Knowledge
Management implementation in 2013, as follows:
Bringing BSM as knowledge based,
innovative and spiritual Sharia
Bank. Where spiritual is defined
as Meaningful Life and Sense of
Community
Knowledge Taxonomy is a knowledge classificaiton
system which enables concept and its susbdiary
segregation hierarchical. BSm has desigend key
knowledge taxonomy functioned as reference and
Annual Report 2013
80
PT Bank Syariah Mandiri
Portal that other BSM employees who did not participate
on the activity wil remain acquire discussed knowledge.
In 2013, BSM has 13 CoP groups, as follows:
Community of Practice
No
Name of CoP
Remarks
1.
Gold Lover
Expert on gold pawning
2.
Komunitas Mudah 14
Expert on micro financing marketing program
3.
Kapibara.com (Kapasitas Berbicara Community)
Expert of funding marketing
4.
Simple.Comm
Expert on service sector
5.
Kopabum (Komunitas Pegawai Sarapan Bubur Ayam)
Expert on consumer financing marketing program
6.
Clubing (Club Marketing)
Expert on marketing program
7.
Community of Channel
Expert on branch management program
8.
Kompres (Komunitas Processing)
Expert on financing analysis sector
9.
e Chat
Expert on alternate channel sector
10.
Smallink.cop
Expert on small financing marketing program
11.
FOC Community
Expert on operational financing marketing program
12.
SPRINT(Spiritual for Integrity & Competence)
Expert on integrity, spiritual and competency development program
4. Participation at MAKE (Most Admired
Knowledge Enterprise) Award
Indoensian MAKE Study is a knowledge management
implementation assessment initiative held by Dunamis
Organization Services and Teleos – UK. MAKE Study
aimed to develop knowledge managment activity in
Indonesia and measure organizational commitment and
maturity in Indonesia basde on knowledge.
In 2013, BSM was awarded as one of MAKE Award 2103
award winners altogether with 10 other comapnies.
PT Bank Syariah Mandiri
Followinga re list of Indonesian MAKE Award 2013
winners (alphabetically):
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
81
PT Astra Honda Motor
PT Bank Syariah Mandiri
Binus University
PT Federal International Finance
PT GMF AeroAsia
PT Pertamina (Persero)
PT Telekomunikasi Indonesia Tbk
PT Toyota Astra Motor
PT Unilever Indonesia Tbk
PT United Tractors Tbk
Annual Report 2013
Human Resources
Development
K.Employment and Occupational
Health and Safety
The policy is aimed to ensure that the bank’s
operational will be sustain during the disaster event.
1. Employees Health
Occupational safety guideline is stated on
Employment Management manual (Manual
Procedure) Chapter II, Sub-Chapter B. Working
environment maintenance No. MP/SI/PK/2/02, with
several principals, as follows:
Employee health policy is stated under Circular
Letter No. 12/007/SDI, dated April 8, 2010 on
PT Bank Syariah Mandiri Health Facility, with
provisions, as follows:
a.
b)
2. Occupational Safety
Health facility provision for contraced, permanent
and child of employees.
Health facility including inpatient, labor,
outpatient, general check-up (GCU) and
overseas medical treatment.
Evaluating working environment periodically, mainly
related with:
a. Working infrastructure and environment
completeness and appropriateness.
b) Working environment cleanliness.
c) Office space layout match.
d) Working facility placing.
e) Security equipment completeness and
appropriateness.
The Bank’s awareness on employees’ health is
indicated from growing employees health/treatment
expense. As illustrated on following table, Tratement
Expense grew by 147% from Rp14.3 billion in 2012
to Rp35.6 billion in 2013.
(in Rp)
Tabel Beban Pegawai 2012-2013/Total employment expense 2012 - 2013
No
Employee Expense
2012
2013
816.771.116.339
1.031.497.523.228
Beban gaji, upah, tunjangan dan kesejahteraan Pegawai
49.210.515.570
39.253.902.643
Education and training expense
50.717.535.457
56.026.119.651
4
Employment benefit expense
26.128.541.678
12.325.692.588
5
Employees social activity expense
14.390.101.286
35.611.227.034
6
Medical treatment expense
3.583.397.180
2.481.649.915
7
Recruitment expense
12.358.450.607
12.079.539.999
973.159.658.117
1.189.275.655.328
1
Employees remuneration, salary, benefit and welfare expense
2
3
Other expenses
The Manager drafted memo/filling form using check
list (Form: MP.DHC.II.2.1), registering facility of
working/office environment which is considered
imporper or needs to be supported. If there is any
facility improper or incompleteness, evaluation will
be carried to be later proposed to Division Head.
Contingency Plan policy as stated on SE No.
13/009/OPS dated April 28, 2011 on Core Banking
System Contingency Plan with several principals, as
follows:
a.
b)
Crisis management organization at head and
branch office.
Operational practice during disaster.
Annual Report 2013
82
PT Bank Syariah Mandiri
3. Employees Turn Over
Total organic employee in 2013 reached to 9,513
employees. If compared with total BSM employees
in 2012 which was 9,331 employees, the employees
turn over in 2012 reached to 941 employees or
9.89%. The turn over did not provide significant
impact against financial performance considering the
Company’s overall performance. Also, concerning
that employees turn over was occured on officer at
frontliner level with less than 3 years serving period,
whereas the replacement resources is adequate on
the workforce market.
Employees Turn over 2011 - 2013
Position
Year
2011
%
2012
%
2013
%
Senior Manager
1
0,2
2
0,3
5
0,53
Manager
6
1,4
4
0,6
29
3,08
65
15,0
107
14,8
211
22,42
361
83,4
612
84,5
692
73,54
0
0,0
1
0,1
4
0,43
433
100
726
100
941
100
Officer
Staff
Basic Employee
Total
b. Pay for Position
The employee remuneration is distribtued based
on position/title
c. Pay for Person
The employee remuneration is distribtued based
on individual expertise
4. Fair and Equal Treatment
BSM ha a tagline “to be fair and bring
assuance.” The tagline has a deep mening for
internal (employee) and external (customer)
circumstances. Fair treatment is reflected from
employee remuneation scheme whcih complies
with 3P principles:
BSM has corporate values of ETHIC (Excellence,
Teamwork, Humanity, Integrity and Customer Focus).
The values become a spirit for entire employees and
management of BSM.
a. Pay for Performance
The employee remuneration is distributed based
on performance
PT Bank Syariah Mandiri
83
Annual Report 2013
MANAGEMENT
REPORT
BSM continues to contribute in
bringing welfare to the society and
actualizing its position as Proud
Indonesian Bank of Indonesian nation.
Annual Report 2013
84
PT Bank Syariah Mandiri
South Sumatera – Palembang authentic Songket artwork
PT Bank Syariah Mandiri
85
Annual Report 2013
MANAGEMENT
REPORT
BOARD OF COMMISSIONERS
REPORT
The Board of Commissioners realized that excellent
achievement booked in 2013 is the result of effort and
dedication of all employees and Board of Directors of
PT Bank Syariah Mandiri. Spirit, dedication and vision
tivenesshad been actualized by the Board of Directors and
entire employees on performance achievement 2013 which
becomes notable pride for the Board of Commissioners.
Achmad Marzuki
Assalamu’alaikum Wr. Wb.
President Commissioner
And Indendent Commissioner
Bismillaahirrahmaanirrahiim
Dear our Honored stakeholders,
Assessment on the Board of
Directors Performance
The Board of Commossioners generally assumed that the
Board of Directors delivered best effort in actualizing RBB in
2013 as stipulated before.
The Board of Commissioners assessed that the Bank
succeeded in achieving positive growth, while, on the other
hand, Fraud event and increasing Non-Performing Financing
(NPF) which affected decrease in profit and key financial ratio
realization in the Bank. Moreover, Core Banking System (CBS)
implementation which is currently under special mentioned to
be completed according to determined timeline.
Annual Report 2013
86
PT Bank Syariah Mandiri
The Bank’s performance as of December 2013 also affected
both by internal and external factors of the Bank. Internal
factor of the Bank included CBS implementation which
was going until 1st semester of 2014, the Bank focued on
NPF handling and/or settlement, also on organizational
transformation from Product to Customer Centric; etc.
Meanwhile, external factor of the Bank included Indonesian
economy growth which in 2013 decelerated from 2012 from
6.2% to 5.78%, higher BI Rate went on several stages since
beginning of 2013 at 5.75% grew to 7.50% as end of 2013,
and Rupiah rate depreciation against US Dollar.
In general, the Board of
Commissioners assumed that
throughout 2013, the Board of
Directors has delivered serious effort
to achieve best performance and
realize implemented RBB.
Bank Soundness Level Trend
Pursuant to PBI No. 9/1/PBI/2007 dated January 21, 2007
on Commercial Bank Soundness Level Assessment based
on sharia principle, the Bank conducted Self-Assessment
Soundness Level.
Rentability ratio realization in 2013 was relatively fluctuative
ranging from Rating 2 (two) and Rating 3 (three). In 2013, Net
Operating Income Ratio was ranging from 1.52% to 2.51%,
where in December 20123, the Rentability Ratio was 1.63%
with Fair predicate.
The Bank soundness level is used to measure the
management’s capacity in managing the Bank during certain
period undr economic and financial industry conditions.
In 2013, Liquidity ratio was at Good level. Short Term
Mismatch (STM) Ratio realization throughout 2013 was
around 16.91% to 19.47%, where in December 2013 reached
to 18.35%, placed at Ratign 3 or Fair.
The Bank Soundness Level Self-Assessment achieved
Composite Score 2 (two) in 2013. This reflected that the
Bank’s condition was relatively good and the management
was able to overcome negative impact from economic and
financial industry conditions. The Bank also strengthens Risk
Management and Internal Control System infrastructures.
Throughout 2013, Sensitivity to market risk ratio was Very
Good with rating 1 (one). The ratio indicated that the Bank’s
market risk was very Low and Market Risk Management
implementation has been carried effectively and consistently.
Minimum Capital Adequacy Ratio of the Bank throughout
2013 was at Rating 1 (one) or Very Good. KPMM Ratio as of
December 31, 2013 was 14.10% or exceeding minimum ration
of 8%.
Management’s component score in 2103 as General
Management and Compliance Management Ratio achieved
Rating A or 1 (one) while Risk Management Ratio achieved
Rating B or 2 (two).
The Bank acquired additional placed and paid-in capital as
inbreng amounted to Rp30.78 billion on December 27, 2013.
In 2013, Assets quality ration was at Rating 2 (two) or Good.
Earning Assets Quality Ratio was ranging from 0.96 to 0.97 in
2013.
PT Bank Syariah Mandiri
87
Annual Report 2013
MANAGEMENT
REPORT
Bank Risk Profile Trend
Risk Profile discloses a description of inherent risk in entire
Bank’s activity and adequacy of Risk Management System.
Risk Profile as of December 31, 2013 indicated the Bank’s
composite score predicate was Moderate.
Throughout January to September 2013, Credit Risk predicate
was at Low to Moderate predicate, thus from October to
December 2013, improved to Moderate rating. This was
encouraged by higher NPF, where as of December 31, 2013,
NPF Gross Ratio reached to 4.32%, NPF Net ratio was at
2.29% and NPF Absolute ratio was at Rp2.17 trillion.
Market Risk predicate was Low. This was due the Bank did
not have high exposure containing Market Risk.
Liquidity Risk predicate was Low to Moderate. Liquidity Risk
Predicate was Low to Moderate indicated that the Bank’s
Liquidity Risk Management was at Good level.
Operational risk predicate was Moderate. This indicated that
the Bank’s Operational Risk Management was Fair.
Uring January to May 2013 period on Legal Risk predicate
was Moderate, thus, in June to December 2013 improved to
Moderate to High predicate. Moderate to High predicate on
Legal Risk was due to litigation faced by the Bank.
In January to February 2013 period, Reputation Risk predicate
was Low to Moderate, in March to September 2013 decreased
to Low predicate, where in October to November 2013 period
re-escalated to Moderate to High due to Fraud event reporting
occurred at Bogor Branch Office to Police Department on
September 12, 2013. In Deember 2013, Reputation Risk
descended to Low to Moderate Predicate.
In January to March 2013, Strategic Risk Predicate was
Low to Moderate. Improved in April to July 2013 achieving
Moderate predicate. In August to December 2013, reesclated to Moderate to High. This should become the Board
of Commissioners’ concern that less optimum growth from
financing quality, Core Banking System completion burden,
etc.
Annual Report 2013
Compliance Risk Prediacte was Low. This indicated that the
Bank is committed to comply with prevailing regulation.
Core Banking System
As of December 2013, Core Banking System (CBS)
realization are as follows:
1. Phase 1
Phase 1 (COA Re-engineering, Outlet Code Reengineering, Retail System, Time Deposit System,
General Ledger System, Customer Information System,
Cash Transaction Report, e-Channel Interface, Payment
Points via Teller and Central Bank Reports Phase 1)
which had been compeletely implemented on March 1,
2012.
2. Phase 2
a. Phase 2 group 1 (GDP. Rahn, Murabahah, Forex
Treasury, Money Market Treasury and CRM.
b. Phase 2 group 2 (Mudharabah, Musyrakah, LOS and
SDB).
c. Phase 2 group 3 consists of Ijarah, Qardh,
Istishna,Murabahah Channeling, Collection, Trade
Financing, Sysndication Loan, Securities, Internet
Banking and PMS.
CBS Completion (Core and Non-Core) progress as of
December 31, 2013 was at 93.02% or booked gap of 3.17%
from the target which was 96.19%. The realization consisted
of Cire at 96.67% or booked gap of 0.21% from the target
which was 96.88% and achievement of Non-Core completion
reached to 68.61% or booked gap of 22.93% from the target
which was 91.54%.
Saturn Project
Saturn Project realization as of December 2013 reached to
6 (six) initatives namely Risk Management, Mandiri Network
88
PT Bank Syariah Mandiri
BSM entered into strategic partnership with
holding company, PT Bank Mandiri (Persero)
TBk. on Saturn Project on February 19, 2013.
The project was aimed to keep encouraging
BSM to grow more optimally that will able to
maintain its position as leading sharia bank
nationwide.
disbursement can be carried in prudent and high quality
manners.
Branch Leverage, Product Development and e-Channel
Nework, Micro Banking, Commercial Banking and Corporate
Banking at 98.16% from target realization as of December
2013.
Audit Result Action Plan
Non-Performing Financing
In 2013, the Board of Commissioners has carried several joint
meeting with the Board of Directors discussing Non-Performing
Financing controlling issue and program. Moreover, the Board
of Commissioners also (intensively through Audit Committee
and Risk Monitoring Committee) conducted monitoring through
weekly meeting with Non-Performing Financing Settlement
Team to assess NPF handling and/or settlement process per
customers or by overall portfolio.
The Board of Commissioners proposed to the Board of
Directors to develop Non-Performing Financing Crash Program
handling and/or settlement, building employees integrity and
competency, strengthening financing organization starting from
Front End, Middle End, Risk Management, Financing Operation
and Back End (End to End Financing Process), carrying Legal
Audit, credit culture improvement and others, that financing
PT Bank Syariah Mandiri
89
Throughout 2013, the Board of Commissioners conducted
several joint meetings with the Board of Directors to discuss
audit result acion plan both carried by Internal and External
Audit. Based on audit result presented to the Board of
Commissioners periodically, there was a fraud committed
both by Head of Unit or employees of the Bank. Moreover, to
enforce Good Corporate Governance (GCG), on September
12, 2013 the Bank reported fraud event committed by
executives and employees of Bogor Branch Office to Police
Department.
Concerning such condition, the Board of Commissioners
proposed to the Board of Directors to develop several
programs to build employees integrity and competency,
enhance Early Warning System, improve the Bank Internal
Control System effectiveness and provide Reward and
Punishment.
Annual Report 2013
MANAGEMENT
REPORT
Human Capital Management
The Board of Commissioners conecerned on Human Capital
Management as a key factor in developing the Company. The
Board of Commissioners proposed to the Board of Directors
to continuously build employees integraity and competency,
develop Talent Management Program and employees Career
Path, perform rotation and mutation, perform rotation and
mutation in fast and accurate manners, etc.
Internal Audit Practice
Internal Audit practice is periodicaly carried by Internal Audit
Unit. The Board of Commissioenrs proposed to the Board of
Directors namely to improve Auditor competency that the audit
result will be presented optimally; proposing Performance
Audit to be carried in several working units; and ensuring
availability of risk understanding and perception regarding
Risk-Based Audit implementation such as Internal Audit with
Auditee or External Auditor.
Compliance Performance
The Board of Commissioners also concerned on Sharia
Principle Compliance. On of the actualization of the Board
of Commissioners’ concern was by holding coordination
meeting with Sharia Supervisory Board aiming to optimize
sharia principle implementation compliance monitoring on the
Bank’s business activity as well as developing role of Sharia
Supervisory Board in expanding the Bank’s business.
The Board of Commissioners encouraged the Sharia
Supervisory Board to outline a new recommendation and/or
regulation related with the product which will support Sharia
Banking business growth acceleration.
To maintain and improve compliance on Sharia Principle, the
Board of Commissioners proposed to the Board of Directors
to build employees competency mainly Head of Unit regarding
sharia aspects including products which is under nonmurabahah agreement.
Annual Report 2013
The Board of Commissioners conducted the Bank’s
compliance function monitoring through Compliance
Performance and Audit Result Reprot carried by Compliance
Unit. Concerned score or ratio was Compliance Index.
At most concerned Compliance Index were laid on several
indicators such as Compliance Index (CCI), Compliance Risk
Index (CRI), Compliance Certificate (CC), Compliance Self
Assessment (CSA), Zero Defect Index (ZD), Regulation Index
(RI), Division Compliance Index (DCI), Branch Compliance
Index (BCI), PKP Performance, APU & PPT Index,
Compliance Procedure Index, Code of Conduct, and GCG
Index.
The Bank’s Compliance Level was averagely decreased from
91.82% in 2012 to 89.97% in 2013. This was due to several
decreasing index with the highest contribution from
Regulation Index, APU & PPT Index, dan GCG Index.
To improve the Bank’s compliance function, the Board
of Commissioners suggested a Director who supervises
compliance function to:
1. Review and improve Compliance Officer (PKP) role and
function;
2. Review the Bank Compliance Index Assessment method
related with audit result both carried by internal or
external auditors.
Performance Assessment Summary
The Board of Commissioners assumed that the Bank grows
positively, thus, the Board of Commissioners also concenrs
on fraud event and increasing NPF affected to decreasing
profit and financial ratio of the Bank as well as ongoing
Core Banking System implementation process. On the other
hand, the Board of Commissioners views that the Bank has
implemented Good Corporate Governance in managing the
Bank’s business activity.
Based on performance realization monitoring result, the Bank
working program execution and to support sustainable growth,
the Board of Commissioners delivered several aspects to be
considered by the Management to improve and increase the
90
PT Bank Syariah Mandiri
m. Enhancing effectiveness of a team which particularly
deals with and/or handles NPF both in Head or
Regional/Branch Office;
n. Conducting stressing on financing disbursement
on Retail and Micro segment as high-cost fund
disbursement. In carrying Retail and Micro financing
disbursement, the Management needs to perform
several efforts, as follows:
Bank’s performance, namely as follows:
1. The Bank’s capital has to support expected business
expansion and growth, though capital position (CAR) was
still under safe condition, the Bank attempted several
efforts, as follows:
a. Realizing shareholders additional capital plan based
on schedule.
b. Disbursing fund on earning assets with low RWA
weight.
1) Developing Micro staff competency;
2) Enhancing Management Control to direct sales
staff.
2. As an effort to boost sustainable financing growth as well
as improving earning assets quality, the Bank needs to
continue several efforts in more concrete and sustainable
manners, as follows:
a. Strengthening Credit Culture implementation;
b. Enhancing End to End Financing Process;
c. Improving audit function and compliance procedure,
financing administration order and internal audit
effectiveness on financing disbursement process;
d. Disbursing financing for Corporate and Commercial
segments both carried autonomously by the Bank or
in cooperation with Holding Company;
e. Carrying current outlet productivity intensification
and/or development;
f. Developing HR Organization and Recruitment at
Financing Operation Center (FOC) and Back-End
Financing;
g. Determining Financing Customers Collectability,
based on 3 (three) Pillars Assessment (Business
Prospects, Performance and Solvability);
h. Monitoring financing customers condition periodically;
i. Designing Crash Program to settle non-performing
financing;
j. Strengthening Early Warning System per financing
segment to anticipate decrease in financing
customers collectability.
k. Ensuring that Regional Representative Finacning
Recovery (RRR) Unit staffing at Regional/Branch is
under dedicated term and fucntioend as determined;
l. Carrying Legal Audit to ensure financing
documentation completeness including commitment
with customers collateral;
PT Bank Syariah Mandiri
91
3. The Bank to maintain and increase Rentability, throughout
several aspects as follows:
a. Accelerating prudent and sound financing growth;
b. Conducting intensivecollection on non-performing
and write-off customers;
c. Implementing exit strategy on certain custoemrs with
less-recovered potential;
d. Disbursing financing to highly attractive or attractive
economy sector;
e. Preventing financing disbursement under special
expertise which does not owned by the Bank;
f. Disbursing financing in prudent and sound manners
with financing stressing on Retail and Micro
segments;
g. Ensuring liability payment continuity by monitoring
effective financing;
h. Increasing Fee-Based Income;
i. Controlling overhead by preserving budget discipline
and efficiency in entire activity.
4. To maintain the Bank risk level, to be at Low Risk level
with stable outlook, the Bank needs to carry several
activities, as follows:
a. Improving Internal Audit;
b. Enhancign compliance against stipulated policy and/
or sOP;
c. Disbursing financing prudently and implementing
Four Eye Principels during the financing process;
d. Enhancing the Bank’s employees integrity,
Competency and Capability;
Annual Report 2013
MANAGEMENT
REPORT
g. Conducting profound and comprehensive analysis
on employees background who will be promoted as
Head of Unit (Branch Office or Supporting Branch
Office);
h. Appointing PIC to conduct sustainable monitoring
to the employee (Know Your Employee), such as
monitoring on employees lifestyle;
i. Considering employees productivity level in fulfilling
employees shortage to be effective and efficient;
j. Adjusting education and/or training program with
employees actual needs such as on the job training;
k. Prearing long-term program such as work spirit
improvement, integrity building, conformity between
employees passion and assignment;
e. Finishing Core Banking System and Saturn Project;
f. Identifying inherent risk in every Bank’s risk;
g. Identifying Top Ten Risk on every working unit to
assist risk mitigation implementation by each working
unit.
5. Violation and/or Fraud Handling
a. Conducting analysis to assess main factor causing
violation and/or Fraud to be immediately mitigated
(Early Warning System);
b. Preparing fraud case settlement timeline and
reporting the settlement progress by monthly to the
Board of Commissioners;
c. Imposing sanction to employee who committed
violation and/or fraud in fast, firm, deterrent,
independent in determining sanction decision and
not conducting omission act in stipulating punishment
as well as omission to employee who committed
violation and/or Fraud.
l.
7. Internal Audit System
a. Improving internal audit system in entire line both at
Head Office, Regional Office and Branch Office and
strengthening Early Warning System;
b. Increasing authority of Regional Office on monitoring
aspect both on product sales or HR;
c. Conducting employees mutation and/or rotation and
ensuring that the employees took their leaves;
d. Finishing audit findings either carried by Bank
Indonesia, Bank Mandiri or Internal Audit by
preparing settlement schedule and action plan
monitoring list report;
e. Appointing Independent PIC and/or working unit
(autonomous from internal control system) functioned
to establish and/or analyze internal audit system
adequacy and may be accounted if there is any
fraud;
f. Conducting verification in every transaction and not
allowed to delegate mandate fully to other parties;
g. Optimizing Monitoring Unit Forum to establish the
Bank’s Internal Audit System improvement action
plan;
h. Proposing the Internal Audit Division (IAD) to monitor
6. Human Capital
a. Increasing Human Capital Management effectiveness
that the Bank’s Human Capital will have more
effective performance and reduce and/or prevent
fraud event;
b. Developing employees competency mainly on
financing sector;
c. Ensuring competency of financing approval officer by
developing respective employee competency;
d. Providing training for the Bank’s executive on
leadership;
e. Conducting employees mapping mainly at staff level,
namely on position, title, career path that the higher
position to be served from bottom recruitment;
f. Proposing the bank’s executive to conduct
employees coaching for subordinate including at
Branch level. Particulalry regarding Service Excellent,
Achievement of Financial Performance, GCG and
Sharia Compliance;
Annual Report 2013
Designing a system to encourage employees
discipline and/or compliance against the regulation.
92
PT Bank Syariah Mandiri
BSM held BSM Gold Pawn Installment
product grand launching. The product
launching is targeted to support business
target realization mainly at micro and
small business segment.
improvement action plan to be conducted by Branch
Offices.
1.Transparency
The Bank has developed Accounting System based on
prevailing Sharia Accounting Standard to produce high-quality
financial statements and also has conducted the Bank’s
financial statements socialization, informing the Bank’s
product to the customers, implementing third party fund goods
and services procurement for the Bank’s operational needs
under a process and mechanism held fairly and transparently,
the Bank also has hired independent and professional external
auditor service.
8. Core Banking System (CBS)
The Board of Commisisoners proposed to the Board of
Directors, namely that:
a. The Vendor to immediately settle issues on CBS
such as performancy, deferred account, etc.
b. CBS Team to monitor and settle registered
accounting data on deferred account appropriately;
c. CBS Team to coordinate with task force team in
identifying and correcting data or application and
monitoring deferred account correction process;
d. CBS Team to handle gap existed as of December
2013;
e. CBS Team to concern CBS project implementation
plan timeline generally to be implemented based on
determined schedule;
f. Providing training as end user training.
2.Accountability
The Bank has determined exact responsibility of each
organization organ and designing Organization Structure
which accommodates organizational needs. The Bank has fair,
objective and competitive Employees Recruitment System.
The Bank also has Management and Employee Remuneration
System based on competitive performance and transparent.
3.Responsibility
Corporate Governance
Implementation
The Bank has conducted reporting to third parties (BI,
Bank Mandiri, PPATK) and complies with provision from
regulator, the Bank also has implemented Corporate Social
Responsibility (CSR) and managing zakat as well as qardhul
hasan.
Corporate Governance practice has been carried by the
Bank referring to five principals (Transparency, Accountability,
Responsibility, Professional and Fairness). The Corporate
Governance principle implementation are namely:
PT Bank Syariah Mandiri
93
Annual Report 2013
MANAGEMENT
REPORT
4.Professional
The Bank has a regulation which segregates personal and
official interest as well as able to take decision objectively and
free from pressure from any party, the Bank will continuously
enhance employees integrity, competency and capability
throughout several trainings (internal and external).
5.Fairness
The Board of Commissioners and Board of Directors have
conducted their authority and responsibility based on
several provision stipulated under Articles of Association and
prevailing Law and Regulation. The Bank has provided reward
for every achievement and objective as well as educative
punishment for every violation.
The Board of Commissioners has had and improved BSM
Board of Commissioners Working Manual and Proecure
as authorized on May 11, 2010. The Working Manual and
Procedure regulates principal duty, organization structure,
work ethic, working hours and Board of Commissioners
meeting implementation.
Business Prospect
On the Bank’s prospect and development initiative prepared
by the Management, the Board of Commissioners viewed
that the prospect had aligned upcoming economic condition,
government policy, support from owner as well as current
organizational, network, Human Capital, Risk Management
and technology improvement and development.
Committees Under the Board of
Commissioners
In carrying supervisory and advisory duty, the Board of
Commissioners disseminates throughout various formal and/or
non-formal meeting forum and/or under verbal communication
and/or written statements to the Board of Directors, or Working
Unit. In conducting its mandate, the Board of Commissioners
is assisted by three committees of Audit Committee, Risk
Monitoring Committee and Remuneration and Nomination
Committee. In line with the committees’ duties, the Board of
Commissioners also peridocially interacts with Management
and related Units.
Spirit, dedication and vision tivenesshad been actualized by
the Board of Directors and entire employees on performance
achievement 2013 which becomes notable pride for the Board
of Commissioners. We realized that excellent achievement
booked in 2013 is the result of effort and dedication of all
employees and Board of Directors.
On behalf of delighting performance, last but not least, the
Board of Commissioners expressed appreciation and gratitude
to BSM employees and Board of Directors as well as to the
stakeholders for every trust and support delivered to BSM to
present time.
The Board of Commissioners report on supervisory duty
implementation throughout 2013 is as remarked.
May Allah SWT always bless and gives strength to us.
Wassalamu’alaikum Wr. Wb.
Change on Board of Commissioners
Composition
In 2013, Board of Commissioners composition consisted of
Achmad Marzuki as President Commissioner and Indepednent
Commissioner, Ramzi A. Zuhdi and Bambang Widianto* each
as Independent Commissioner, Agus Fuad and Sulaeman
each as Commissioner pursuant to result of General Meetings
of Shareholders (GMS) dated May 29, 2013 that number of
Board of Commissioners members is 5 (five) members.
Annual Report 2013
94
PT Bank Syariah Mandiri
PT Bank Syariah Mandiri
Board of Commissioners
Achmad Marzuki
President Commissioner and Independent Commissioner
Ramzi A. Zuhdi
Independent Commissioner
Agus Fuad
Commissioner
Bambang Widianto*
Independent Commissioner
Sulaeman
Commissioner
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
95
Annual Report 2013
MANAGEMENT
REPORT
Profil
Dewan
Komisaris
Bambang Widianto*
Independent Commissioner
Annual Report 2013
96
Ramzi A. Zuhdi
Independent Commissioner
PT Bank Syariah Mandiri
Sulaeman
Commissioner
Achmad Marzuki
President Commissioner and
Independent Commissioner
Agus Fuad
Commissioner
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
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Annual Report 2013
MANAGEMENT
REPORT
Achmad Marzuki
Ramzi A. Zuhdi
President Commissioner and Independent
Independent Commissioner
Commissioner
Indonesian citizen, born in Palembang
on July 25, 1939. Graduated from Public
Administration, Faculty of Social and
Political Science, Universitas Gajah Mada in
1964 and Graduated from Civil Law, Faculty
of Law, Universitas Indonesia in 1980.
Career History
Before serving as President Commissioner
and Independent Commisisoner at BSM,
he was served as Senior Advisor of
BSM Board of Commissioner, President
Commissioner at PT Bumi Daya Plaza,
President Commissioner at PT Estika
Jasatama, President Director at PT Bank
Pembangunan Indonesia (Persero) and
Director at PT Bank Bumi Daya (Persero).
Education and Training
Participated trainings, among others:
 Business Workshop, Supervised
Achievement Motivation Training &
Consultant, Insurance and Development
Banking, Course on Development and
Promotion Small Enterprises held by EDI/
IBRD
 Economic crime on Banking Sector, Top
Management Program of Asian Institute,
Risk Management in Retail Banking, etc..
Special Assignment: Chairman of BSM
Remuneration and Nomination Committee
Initial Appointment Basis:
GMS on June 19, 2008
Indonesian citizen, born in Jambi on May
5, 1952. Graduated from Universitas Gajah
Mada tahun 1972 and obtained Master
Degree at Iowa State University in 1989.
Career History
Before serving as Independent
Commissioner, he served as Director of
DPbS Bank Indonesia and Finance Director
of PT Mekar Prana Indah, presently,
he also serves as Risk Management
assessor at Indonesia Banking Professional
Certification Agency (LSPP) and Lecturer
at Postgraduate Program, Universitas
Indonesia.
Education and Training
Participated trainings, among others:
l Jakarta, 2003: Couching & Counselling
Skill (IMMI Management) l Washington DC,
2004: KRD-Credits for Reporting Purposes
(Institute of Internal Auditors) l Jakarta,
2004: Risk Management (Bank Indonesia)
l Bandung, 2008: Total Image (Lembaga
Pendidikan Duta Bangsa) l London, 2008:
MNJ-Advanced Leadership On Central
Bank MGT & Poli (BSMR) l Jakarta, 2008:
HR Management Strategy (Daya Dimensi
Indonesia) l Jakarta, 2011: Certificate
of Competence (National Professional
Certification Agency) l Jakarta, 20011:
Competency Assesor Workshop (LSPP)
l Frankfrut, 2012: evel 3-level 5Risk
Management Certification Refreshment
Program L.
Special Assignment: Chairman of Risk
Monitoring Committee
Initial Appointment Basis::
GMS on June 29, 2010
Annual Report 2013
98
PT Bank Syariah Mandiri
Bambang Widianto*
Agus Fuad
Sulaeman
Independent Commissioner
Commissioner
Commissioner
Indonesian citizen born in Jakarta on
November 27, 1959. Graduate from
Industrial Engineering, Institut Teknologi
Bandung tahun 1985, Master of Art (MA)
Degree of Computer Science in 1990
from Boston University-Boston USA and
Economy Studies in 1993 from Northeastern
University-Boston USA, and later obtained
Philosophiae Doctor (Ph.D) Degree on
Communication Studies in 1995 from
Northeastern University-Boston USA.
Career History
Besides serving as Candidate of BSM Board
of Commissioners, presently he also serves
as Deputy Secretary of Vice President on
Public Welfare and Poverty Erradication
Affairs also acts as Executive Secteray of
Poverty Erradication Acceleration National
Committee (TNP2K), Commissioner of PT
Pos, Lecturer of Administration Studies
Postgraduate Program at Sekolah Tinggi
Ilmu Administrasi Lembaga Administrasi
Negara Republic of Indonesia, Lecturer at
Planning and Public Policy Postgraduate
Program – Faculty of Economy, Universitas
Indonesia.
Education and Training
Participated Trainings among others:
l Level 2 Risk Management Certification
l Sharia Banking, etc.
Special Assignment:
Member of Audit Committee and Risk
Monitoring Committee
Indonesian Citizen born in Sragen, on
August 09, 1959. Grduated from Faculty
of Economy, Sekolah Tinggi Ilmu Ekonomi
Indonesia in 1994. Obtained Magister
of Management Degree in 1999 from
Universitas Airlangga. Besides serving as
Member of Board of Commissioners, he also
serves as Group Head Distribution Network
I PT Bank Mandiri (Persero) tbk.
Career History
Previously he served as Group Head
Distribution Network II, Group Head
Business Banking II, Regional Manager
Area X – Makassar, Deputy Regional
Manager Area I – Medan, Banjarmasin Area
Manager, Malang Merdeka Branch Manager.
Education and Training
Participated trainings, among others:
 Sharia Banking, Level 4 Risk
Management Certification  Coaching
for Excellence Executive  Six Sigma
Champion Workshop  The Looking
Glass Experience  Managing Customer
Relationship for Profit  Leading Strategic
Growth & Change, etc
Special Assignment:
Member of Audit Committee and Risk
Monitoring Committee
Initial Appointment Basis:
GMS on May 29, 2013
Indonesian citizen, born in Bandung City on
November 5, 1967. Graduated from Faculty
of Agriculture majoring Agronomy, Universitas
Padjajaran in 1989. Obtained Magister of
Management Degree on Marketing Studies
in 1997 from Universitas Gadjah Mada.
Besides serving as member of Board of
Commissioners at PT Bank Syariah Mandiri,
he also serves as Group Head Commercial
Risk PT Bank Mandiri (Persero) tbk.
Career History
Previously, he also served as Corporate
Risk Group Head, Loan Apporval Executive,
Corporate Credit III Department Head,
Credit Risk Manager Senior, Corporate Risk
Management, etc.
Education and Training
Participated trainings, among others:
l Sharia Banking, Columbia Senior Executive
Program l Columbia Business School l Ship
Financing Workshop, Service Excellence For
Senior Manager l Great Leader Program
Workshop and Training l EUT E-Mandiri
Easy, Senior Management Risk Summit
l Level 4 Risk Management Certification
l Palm Oil Upstream Industry Expertise
l Accountability Session 4DX l Advanced
Bank Risk Analysis l Seminar Opportunities
& Chalengges of Indonesia l Manager Works
Session Implementasi Executive l Strength
Based Performance Coach, etc
Special Assignment:
Member of Risk Monitoring Committee
Initial Appointment Basis:
GMS on May 29, 2013
Initial Appointment Basis:
GMS on May 29, 2013
PT Bank Syariah Mandiri
99
*) Is currently under fit and proper test by financial service authority
Annual Report 2013
MANAGEMENT
REPORT
SHARIA SUPERVISORY
BOARD REPORT
Every procedure of funding, financing and operational
products of PT Bank Syariah Mandiri (BSM) has been
approved by Sharia Supervisory Board to ensure its
compliance to sharia principle.
Prof. Dr. Komaruddin Hidayat, MA.
Chairman
Assalamu’alaikum Wr. Wb.
Bismillaahirrahmaanirrahiim
Sharia Supervisory Board (DPS) had carried monitoring on
operational activity independently. Members of DPS have obtained
recommendation from National Sharia Board (DSN), an agency under
Indonesia Ulama Board (MUI). Every procedure of funding, financing
and operational products of PT Bank Syariah Mandiri (BSM) has been
approved by Sharia Supervisory Board to ensure its compliance to
sharia principle.
Activities of DPS carried in 2013 were including:
1. Providing recommendation hat BSM product and service
has complied with Islamic regulation issued by DSN.
2. Providing recommendation and opinion for entire
operational activity and product manual.
3. Delivering sharia monitoring report to Bank Indonesia,
Board of Directors and DSN MUI every semester in 2013
disclosing several aspects, as follows:
a. Monitoring result on the Bank new product
development process including product target,
characteristic and agreement, compliance with
Annual Report 2013
100
PT Bank Syariah Mandiri
b.
c.
d.
e.
DSN – MUI regulation, new product system and
procedure.
Montiroing result on the bank activity including fund
collection, fund disbursement and Bank service.
Monitoring activity including Internal Audit Report
analysis, Number of transaction sampling test
stipulation and audit, review on sharia-aspect related
SOP.
DPS general opinion on the Bank operational as of
1st Period of January 1, 2013 to June 30, 2013 and
2nd period of July 1, 2013 and December 31, 2013.
DPS opinion on fund collection, fund disbursement
and service activities in the Bank. By disclosing data
in form of total Circular Letter (SE), financing data
and DPS opinion on the Bank new product. In 2013,
DPS issued 5 Sharia opinion.
Audit sampling methodology and technique. In
2013, DPS carried direct monitoring/sampling to
9 BSM branch Offices such as Semarang Branch
Office, Garut Branch Office, Cirebon Branch Office,
Tangerang Branch Office, Denpasar Branch Office,
Surabaya Branch Office, Cilegon, Tasikmalaya
Branch Office, Bandung Branch Office. With
sampling concentration was on funding and financing
activities. To complete the audit process, DPS also
proposed and verified Compliance Auditor (PKP)
finding in each Branch Office.
4. Enhancing Sharia Banking Practical Understanding. DPS
holds a dialogue with branch office head and employees,
that business and operational burden in branch related
with sharia aspect will be settled.
Moreover, DPS also provided guidance and material
refreshment on “Sharia Banking Agreement and Product)
to branch office staff, by organizing Sharia clonic Forum
to answer complaint as well as receive constructive
recommendation for sharia aspect compliance quality
improvement.
This is aimed that every executive at branch office will
understand and recognize sharia banking product and service
scheme. Also including standard agereement applied on
funding, financing and service product to meet the expectation
form business side for sustainable growth and compliance
with sharia aspect.
Wassalamu’alaikum Wr. Wb.
Jakarta,
February 25, 2014
PT Bank Syariah Mandiri
Sharia Supervisory Board
Prof. Dr. Komaruddin Hidayat, MA
Chairman
Drs. H. Mohamad Hidayat, MBA. MH.
Member
PT Bank Syariah Mandiri
Dr. M. Syafii Antonio, M.Ec
Member
101
Annual Report 2013
MANAGEMENT
REPORT
Profil Dewan Pengawas Syariah
Mohamad Hidayat
Member
Komaruddin Hidayat
Annual Report 2013
Chairman
102
M. Syafii Antonio
Member
PT Bank Syariah Mandiri
Prof. Dr. Komaruddin Hidayat, MA
Dr. M. Syafii Antonio, M.Ec.
Drs. H. Mohamad Hidayat, MBA, MH.
Chairman
Anggota
Anggota
Indonesian citizen, born in Magelang on
October 18, 1953.
Indonesian citizen born in Sukabumi on May
12, 1967.
Indonesian citizen, born in Jakarta on May
3, 1967.
Career History
Besides serving as Chairman of BSM
Sharia Supervisory Board, he also serves
as Rector of Universitas Islam Negeri
(UIN) Syarif Hidayatullah Jakarta from
2006 – present; and previously appointed
as Chairman of General Election Monitoring
Committee (Panwaslu) (2003-2004);
Director of SPS UIN Jakarta (2005);
Member of BNPT
(2010 – present); and actively serves
as committee in various NGO mainly on
education and interfaith dialogue and other
issues.
Career History
Before serving as member of BSM Sharia
Supervisory Board, he was also served
as Sharia Banking Development Expert
Committee in Bank Indonesia, Member
of MUI National Sharia Board Committee.
He previously also served as Expert of
Global Shariah Advisor in Dubai, Sharia
Banking Expert Committee of Kuala Lumpur
and Bank Indonesia. Since 2010, he was
appointed by President of RI as member of
National Economy Committee.
Career History
Besides serving as member of BSM Sharia
Supervisory Board, he also serves as
MUI National Sharia Board Committee,
Lecturer of PSTTI Postgraduate Program,
Universitas Indonesia and IEF Program,
Universitas Trisakti. Moreover, he also
actively serves as supervisor and advisor
in various Islamic financial/non-financial
institution, also appointed as Chairman of
Al- Washiyyah Foundation.
Education and Training
Graduated from Bachelor Degree
from Usluhuddin Faculty of IAIN Syarif
Hidayatullah Jakarta in 1981. Obtained
Master and PhD Degree on Philosophy
Studies from Middle-East Technical
University (METU) Ankara, Turkey in 1995.
Post-Doctorate Research Program in McGill
University, Canada (first semester, 1995)
and Post-Doctorate Research Program at
Hartfort Seminary Connecticut, USA (first
semester, 1997)
Education and Training
Obtained PhD Degree of Micro Finance,
from University of Melbourne Australia in
2004. Master Degree on Economy from
International Islamic University (IIU),
Malaysia in 1992.
Intial appointment basis: Deeds No. 10
dated July 3, 2001, Deeds No. 10 dated
June 19, 2008 and Deeds No. 19, dated
June 28,2011.
Initial Appointment Basis: Deeds No. 19,
dated June 28, 2011 and BOC Decree No.
13/001-KEP/KOM, dated December 22,
2011 for December 22, 2011 to June 2016
period.
PT Bank Syariah Mandiri
103
Annual Report 2013
Education and Training
Graduated from Sharia Faculty of IAIN
Jakarta in 1991, MBA Postgraduate Degree
from IPWI Jakarta and Master Degree from
Law College, Institute at Business Law
& Legal Management (IBLAM) Jakarta in
2003. Presently is completing Doctorate
Degree of Islamic Economic and Finance at
Universitas Trisakti, Jakarta.
Intial appointment basis: Deeds No. 24,
dated September 8, 1999, Deeds No. 10
dated June 19, 2008, Deeds No. 19, dated
June, 2011.
MANAGEMENT
REPORT
REPORT FROM THE BOARD
OF DIRECTORS
Despite few weaknesses to be improved, Bank Syariah
Mandiri passed 2013 with delighting achievements.
Therefore, by holding current growth, we believe that the
Company will reach higher performance in years to come.
Yuslam Fauzi
President Director
• Best CEO Leadership 2013 from Economic
Review
• CEO Inovatif 2013 from GATRA Executive Forum
• The Best for CEO Commitment 2013 from
Dunamis
• The Best CEO Commitment 2012 from Dunamis
• Islamic Banker of the Year 2012 from Edbiz
Consulting dan Asia Finance Forum
• The Best CEO 2012 from Perbanas Institute
and Woman Review
• Indonesia Best Corporate Transformation
2012 from SWA Solution Magazine
• The Best CEO 2010 from Swa Magazine,
Dunamis and Synovate
• Lifetime Achievement 2010 from Karim
Business Consulting
Dear Our Distinguished Shareholders and Stakeholders,,
Assalaamu’alaikum Wr. Wb.
Bismillaahirrahmaanirrahiim
We’d like to address praise and gratitude to God Almighty for every
bless and grace, that enabled Bank Syariah Mandiri to overcome
2013 with satisfying record despite few weaknesses to be improved,
Less favorable global economy condition brought major impact to
BSM performance. Thus, by carrying current growth realization, we
believe that the Company will reach higher performance in years to
come.
On behalf of the Board of Directors, Management of PT Bank
Syariah Mandiri would present the Company’s performance during
2013.
Annual Report 2013
104
PT Bank Syariah Mandiri
Indonesian Economy Trend
In 2013, Indonesian economy trend decelereated from
previous year which arrived at 6.2% in 2012 to 5.78% in 2013.
The growth was supported by performance of household
consumption and investment performance. Thus, the
economic fall occurred in 2013 was due to real export growth
decline due to global economic stagnancy.
Annually, Consumer price Index inflation reached to 8.34%
*yoy) or higher from inflation rate in 2012 which reached to
4.30% (yoy). Inflation rate during 1st Semester of 2013 was
relatively lower from inflation rate at 2nd Semester of 2013.
Worsened banking performance ratio were Net Interest Margin
(NIM), Return on Asset ) ROA). NIM ratio decreased by 0.60%
from 5.49% in 2012 to 4.89% in 2013. ROA decreased by
0.03% from 3.11% in 2012 to 3.08% in 2013.
Sharia Banking Trend
Volatile Food and administered prices group inflation in 2013
was each reached 11.83% and 16.65%. Volatile food inflation
was influenced by seasonal factor due increasing end-year
demand related with religious feast and new year celebration.
Moreover, the inflation was also affected by direct factor
from subsidized Oil Fuel and electricity rising price. In 2013,
Administered price was relatively high due to increase in
subsidized Oil Fuel price, electricity basic tariff and LPG tariff.
Rupiah rate depreciated throughout 2013. Major pressure
occurred since May 2013 to August 2013 related with global
economic turmoil and brought certain impact to domestic
economy growth.
Bank Indonesia recorded that 89% of Indonesian society are
willing to accept sharia principle. Concurent banking indicator
is increasing sharia banking against total national banking
market share.
Since 2000, sharia banking market share is growing both
from assets, deposit and financing aspects. Sharia banking
assets grew by Rp47.25 trillion or grew by 24.23% (yoy) from
Rp195.01 trillion in 2012 to Rp242.27 trillion in 2013.
In 2013, sharia banking deposit grew by Rp36.02 trillion
or grew by 24.42% (yoy), from Rp147.51 trillion in 2012 to
Rp183.53 trillion in 2013. Deposit growth realized in 2013
was 24.42% (yoy) lower from Deposit growth booked in 2012
which was 27.81% (yoy).
By point-to-point, Rupiah rate was depreciated to 20.9%
(yoy) from Rp10,075 per US Dollar level booked in 2012 to
Rp12,170 per US Dollar level booked in 2013.
Concerning Indonesian economic growth, Bank Indonesia
took tight monetary policy to overcome inflation pressure and
encourage current transaction deficit correction to be more
sound and sustain. As end of 2013, BI Rate was booked at
7.50% level, 175 bps higher from 5.75% booked in 2012.
From fund disbursement aspect, sharia banking financing
growth reached to 24.82% (yoy) in 2012. In 2013, Sharia
banking financing grew by Rp36.61 trillion or 24.82% from
Rp147.50 trillion in 2012 to Rp184.12 trillion in 2013.
Several decreasing sharia banking industry performance
ratio were ROA, ROE, NPF and BOPO ratio. In 2013, Sharia
Banking Return on Assets (ROA) was lower from 2012 which
arrived at 2.14%. Sharia Banking Return on Equity (ROE) in
2013 was 17.24%, lower from 2012 which achieved 24.06%.
Non-Performing Financing (NPF) Ratio decreased from 2.22%
in 2012 to 2.62% in 2013. BOPO ratio improved by 3.24%
In general, banking growth was less expected. This was
indicated from severing financial ratio though few ratio
was improving such as Capital Adequacy Ratio (CAR),
Operating Expense to Operating Income (BOPO) Ratio and
Non-Performing Loan Gorss (NPL Gross). In 2013, National
PT Bank Syariah Mandiri
Banking Capital Adequacy Ratio (CAR) was 18.13% higher
from CAR 2012 which reached to 17.43%. BOPO Ratio
decreased by 0.02% from 74.10% in 2012 to 74.08% in 2013.
NPL Gross ratio realization in 2013 was 1.77% or declined by
0.10% from 1.87% in 2012
105
Annual Report 2013
MANAGEMENT
REPORT
from 74.97% in 2012 to 78.21% in 2013. Improving ratio was
capital (CAR) from 14.13% in 2012 to 14.42% in 2013.
Market Share
As of 2013, total bank carrying sharia principle based
business activity reached to 197 banks comprising of 11
Sharia Commercial Bank, 23 SBU and 163 BPRS.
Considering the assets growth, sharia banking assets to total
national banking market share grew from 4.58% in 2012 to
4.89% in 2013.
Sharia banking Deposit market share in 2013 was 5.01% rose
by 4.57%. Sharia Banking financing to total commercial bank
market share was 5.59% in 2013.
7. Obtaining 1st rank at service quality in sharia banking.
8. Implementing Saturn project (synergy with Bank Mandiri
and other Bank Mandiri subsidiaries), Corporate Plan
2013 and business alliance with PT Pos Indonesia.
9. Implementing 2nd phase new Core Banking System.
10. Strengthening competency-based human resource
through e-Learning development and knowledge
management and corporate value (ETHIC) internalization.
On the other hand, to face business challenge in 2013, BSM
has implemented Bank business plan for 2013 that was
formulated into 5 (five) Bank Key Working Program
1. Profit productivity per employee realization from Rp66.40
million to Rp111.70 million, throughout:
a. Net income growth minimum Rp1 trillion.
Bank Strategic Plan
b. Low cost fund growt (min contribution 50%)
Stipulation of BSM target and strategy has been aligned
with implemented business, that had been implemented and
mostly have been achieved in 2013, as reflected from 10 main
working priority.
c. Micro and SME financing growth (min. contribution
74%)
d. Business efficiency growth (max CER 55.04%)
e. FBI growth minimum Rp1.23 trillion.
The Bank 10 working priority in 2013 are as follows:
1. Achieving net income at least to Rp1 trillion.
2. Collecting Deposit at least to Rp10.40 trillion and
maintaining consumer fund contribution minimum 55%
and low cost fund contribution minimum at 50%.
3. Developing financing prudently at least Rp9.80 trillion with
Micro & SME Financing contribution to 74%.
4. Controlling financing quality that NPF Gross will reach
maximum 2.30%, NPF Net maximum 1.40% and APY/AP
maximum 2.42%.
5. Increasing business effectiveness that cost to income
ratio maximum 55.04%.
2. Assets quality controlling (APYD/AP max. 2.42% and NPF
Gross max. 2.30% and NPF Net max. 1.40%);
3. Service quality improvement to 1st rank in banking sharia
industry;
4. Saturn Project Implementation (synergy with Bank
Mandiri and other Bank Mandiri subsidiaries), Corporate
Plan 2013, business alliance with PT Pos Indonesia and
second phase Core Banking System (CBS);
5. Employees competency development and ETHIC shared
values implementation strengthening.
6. Acquiring fee-based income minimum Rp1.23 trillion.
Annual Report 2013
106
PT Bank Syariah Mandiri
Besides aforementioned organic
growth, the Company also developed
un-organic growth strategy, by
carrying various synergy program with
Bank Mandiri as holding company and
other Bank Mandiri subsidiaries. The
synergy program is aimed to provide
added-value for the Company.
Synergy with Bank Mandiri Group
Performance Realization 2013
Besides aforementioned organic growth, the Company also
developed un-organic growth strategy, by carrying various
synergy program with Bank Mandiri as holding company and
other Bank Mandiri subsidiaries. The synergy program is
aimed to provide added-value for the Company.
Amid prolonged global economic crisis and Indonesian
economy growth deceleration, BSM performance realization in
2013 was relatively pressured. This was indicated from income
target realization failure at 100% which only arrived at 65.12%
from targeted RBB which was RP1 trillion. Moreover, assets,
financing and fee-based income growth target which were also
failed to achieve 100% of RBB 2013, and only Deposit which
succeeded to achieve 100% realization.
Synergi program with Bank Mandiri is including:
1. Business sector: micro banking, retail banking,
commercial banking, corporate banking, electronic
banking and Bank Mandiri network leveraging.
2. Non-bsuiness sector: risk management, internal audit,
product development, human capital, etc.
Financing
Synergy program with other Bank Mandiri subsidiaries,
including:
1. AXA – Mandiri outlet opening at Bank Syariah Mandiri
outlet.
2. Participation of Bank Syariah Mandiri employees in Bank
Mandiri Pension Fund Financial Institution.
PT Bank Syariah Mandiri
107
As of December 2013, BSM Deposit reached to Rp56.46
trillion or 100.45% from Bank Business Plan target which
was RP56.21 trillion. BSM Deposit growth year to date
reached to Rp9.05 trillion or 19.09% from Rp47.40 trillion as
of December 2012. The Company also continues to maintain
consumer fund and low-cost fund. Total financing booked by
the Company since 6 recent years is always dominated by
consumer fund (fund collected from individual customers) and
Annual Report 2013
MANAGEMENT
REPORT
low-cost fund (current accoutns and saving accounts). As of
December 2013, fund consumer collected contributed 56.91%
against total deposit while collected low-cost fund provided
52.47% contribution to total deposit.
Financing
BSM financing realization as of December 2013 was booked
at Rp50.46 trillion or by 54.77% to RBB target which was
Rp53.24 trillion. The financing grew by 12.75% or Rp5.71
trillion to total financing position booked in 2012 to Rp44.75
trillion.
Non-corporate sector financing disbursement contribution was
from 73.27% in 2012 to 66.89% as end of 2013. Meanwhile,
for corporate sector increased from 26.73% as end of 2012
to 33.11% as end of 2013. Increasing corporate financing
contribution is expected to bring financing risk to lower level
that will bring higher soundness in long-term period.
The Company put predominant concern in prudential banking
aspect. Therefore, the Company attempts to reduce NonPerforming Financign (NPF). The Company’s NPF Net in 2012
was slightly improved from 1.14% from2 012 to 2.29% as end
of 2013.
The Company also maintains
consumer and low-cost fund, total
financing realization in 6 recent years
and always dominated by consumer
fund (fund from individual customers)
and low-cost fund (current accounts
and deposit).
Annual Report 2013
Other Banking Services
The Company highly realizes that the capacity to innovate is
a key amid more modern and competitive banking industry
competition. The Company seeks to perform several
innovations to increase banking service modernity. The effort
has brought positive contribution to financial performance, as
Fee-Based Income (FBI).
As a result, in 2013, the Company’s FBI realization was
adequate. Achieved FBI in 2013 reached to Rp1.193 trillion or
97.18% from stipulated RBB target which was Rp1.228 trillion.
Meanwhile, if compared with performance booked in 2012,
grew by Rp54 billion or 4.74%.
Other Operating Income was contributed from various income
soruce, both on earning asets based, financing product based
or transaction based income.
President Commissioner of BSM, Achmad Marzuki
accompanied by the Board of Directors and End Year
Coordiantion Meeting 2013 to unite spirit of participants in
achieving implemented business target.
Profitability
Since 2007, the Company is always exceeding Return on
Equity (ROE) target. Particularly for 2013, the Company only
succeeded in achieving ROE to 15.34%, lower from ROE
realization in 2012 which was 25.05%.
Return on Assets (ROA) of the Company decreased from
2.25% in 2012 to 1.53% in 2013.
Business Efficiency
From efficiency aspect, Operating Expense to Operating
Income (BOPO) ratio, during 2005 – 2013, shifts fluctuatively
with position booked as end of December 2013 to 86.46%.
The Company has to maintain the efficiency by optimizing
operating income and controlling operating expense.
108
PT Bank Syariah Mandiri
President Commissioner of BSM,
Achmad Marzuki, accompanied by
Board of Directors, and Committee
closed End Year Coordination
Meeting 2013 to unite spirit of
the participants in achieving
implemented business target.
Soundness Level
and corporate governance implementation.
Throughout 2013, the Bank Soundness Level generally
obtained Rating 2. The reating reflected that the Bank was
classified in good condition and the management was sable to
settle negative economic and financial industry condition. The
assessment is based on PBI No. 9/1/PBI/2007 dated January
21, 2007 on Commercial Bank Soundness Level Assessment
System based on Sharia Principle.
Risk profile as of December 31, 2013 position indicated overall
composite risk predicate is Moderate with risk management
implementation quality at Satisfactory predicate.
The Company conducted soundness level assessment under
self-assessment method. The Bank soundness level is applied
to measure management’s capacity in managing the bank
in particular period under economic and financial industry
condition.
2. Market Risk
In 2013, market risk predicate was low and in 2012 was
Low
3.Liquidity
In 2013, liquidity risk predicate was Low to Moderate and
in 2012 was Low to Moderate
4. Operational Risk
Risk Management
The Bank realizes that macro economy trend in 2013 was
less favourable both in global and national circumstances.
BSM segment and business preference has brought distinct
consequences. To generate high gain on depositors’ income,
BSM has to generate high income on financing aspect. In
general, this has to be acquired from customers who are lesssensitive against profit sharing and margin which generally
also have higher risk exposure than customers who are very
sensitive against profit sharing and margin. Aforementined
consequency has to be accompanied by firm risk management
PT Bank Syariah Mandiri
1. Credit Risk
In 2013, credit risk predicate was moderate and 2012
was Low to Moderate.
109
In 2013, operational risk predicate was Moderate and in
2012 was Moderate
5. Legal Risk
In 2013, legal risk predicate is Moderate to High and in
2012 was Moderate
6. Reputation Risk
In 2013, reputation risk predicate was Low to Moderate
and in 2012 was Low to Moderate
Annual Report 2013
MANAGEMENT
REPORT
7. Strategic Risk
In 2013, strategic risk predicate was Moderate to High
and in 2012 was Moderate to High
8. Compliance Risk
In 2013, compliance risk predicate was Low and 2012
was Low
GCG Practice
GCG practice is a long-term process which provides result
as sustainable values. BSM Internal Self-Assessment
actualization refers to assessment indicators which are
implementation ofGovernance Structure, Corproate
Goveranance Policy, Corporate Goveranance Disclosure and
Audit and Internal Control System. Based on Self-Assessmetn
internal evaluation carried in 2013, BSM GCG practice in
working unit was classied on “Comply” category.
For External Self-Assessmetn carried by Bank Indonesia, the
Company obtained score 2 in 2013. Therefore, the Company
is classified into “Good” category on Good Corporate
Goverannce (GCG) practice in 2013.
Moreover, there were numbers of awards which can be
utilized for appraising GCG implementation quality in the
Company such as Annual Report Award. The award is
given on October 17, 2013 based on Annual Report 2012
evalaution. The Company won First Winner (Best) on NonListed Private Financial Company. One of the assessment
indicators with highest assessment portion is Good
Corporate Governance (GCG) aspect. The award was held
as cooperation among several institutions such as Ministry
of Finance, BI, Bapepam - LK, IDX, IAI, KNKG, Taxation
General Directorate. Besides aforementioned awards, BSM
also won The Most Trusted Companies award on knowledge
– based GCG implementation in 2012 which was given on
December 16, 2013 from SWA magazine in cooperation with
IICG Foundation.
Annual Report 2013
Corporate Social Responsibility
(CSR)
The Company is always committed to be a responsible
company (corporate citizenship). The company attempts that
carried business activity has optimum benefit for external
parties (on social, economy and environmental aspects).
Respective activity is one of CSR realization. The activity is
seekd to inspire every business activity of the Company.
The Company carries CSR activity by cooperating with
BSM LAZNAS (National Amil Zakat Foundation) under three
programs such as Mitra Umat, Didik Umat and Simpati Umat.
Through the partnership, in 2013, the Company disbursed
donation to 57,137 individual and 585 institutions with total
donation amounted to Rp32.06 billion, grew by 69% from
donation disbursement in 2012 which realized at Rp22.42
billion.
The New Fundamentals of BSM
Program
In 2013, the Company carried The New Fundamentals of
BSM (TNF) program to achieve BSM 2020 aspiration in
continuously being dominant sharia bank in Indonesia or tp
3 in ASEAn sharia banking industry. The New Fundamentals
of BSm program comprises of spiritual foundation, vision,
mission, shared values, employee value proposition,
leadership characteristic and tag line.
Non-Financial Performance 2013
The Management express appreciation to entire party who has
delivered appreciation to the Company. In 2013, the Company
won 42 awards from external aprty, both domestic and aboard.
The Management viewed the award as objective evaluation as
well as accelerator for the Company to continuously improve
performance in years to come.
110
PT Bank Syariah Mandiri
The Awards are namely as follows:
1. Rating improvement from Fitch Rating & Pefindo from
AA (2010) to AA+(idn) (2011-2013).
2. Excellence Service Award 2013, Award to Excellence
predicate company in providing positive experience to
the customer. The evaluation will be conducted based on
survey and the award is given on February 7, 2013
3. The Best Islamic Bank in Indonesia 2013, Award from
international agency, Euromoney as best sharia bank
in Indonesia based on survey. The award is given on
February 26, 2013.
4. The Best Islamic Bank 2013, Award for the best Islamic
bank in Indonesia based on Asia money polling to 6000
institutions in Asia. The award was given on September
26, 2013.
5. Annual Report Award, Award from Minister of Finance,
BI, Bapepam-LK, IDX, IAI, KNKG, Taxation General
Directorate for information disclosure on Annual Report
fiscal year 2012. BSM Annual Report obtained best score
for Non-Listed Private Financial Company. The award
was given on October 17, 2013.
6. The Most Trusted Companies, Award from SWA
magazine in cooperation with IICG Foundation for
knowledge-based GCG implementation in 2012. The
award is based on corporate governance perception
index held by IICG. The award was given on December
16, 2013.
Business Prospect 2014
Concerning Indonesian Economy Outlook 2014,
Indonesian economic growth in 2014 will be higher
from 2013. Indonesian economy will be stable despite
decelaration risk on global economy occurred in 2014.
Domestic demand will remain the main contributor of
Indonesian economy growth in2 014. Society purchasing
power is estimated to be well-maintaned. This is mostly
supported by relatively low inflation rate in 2014.
In 2014, Indonesian export performance is forecasted will
be increased from previous year despite global economy
condition which has not indicated improving indicator.
This is due to export commodity potential which is assed
potential to be developed by increasing added-value.
On the other hand, banking industry will generally face
similar challenge both on conventional and sharia
bankings. Economic stabilization initiative which is
estimated to sustain during 2014 will be treated as cause of
decreasing banking laon growth rate. Bank Indonesia 9BI)
has projected banking industry growth will be decreased in
2014, while, Non-Performing Loan (NPL) will be increased.
Although facing major challenge, Sharia Banking still has
positive prospect in 2014.Sharia Banking growth scope is
widely opened and higher form other banking with relatively
equal business scale. Micro sector financing as a business
potential to be catered besides retail and consumer
markets which have been currently developed. Micro
financing also becomes financing exspansion preference
which even more conformed with regulation aspect which
tends to restrict financing expansion activity (particularly for
large exposure).
Inflation rate realization in 2014 is forecated to be lower
from 2013. This will be affected with subsidized Oil and
Fuel rising price which will be eliminated from annual
inflation ate after one year period from the appraised Oil
Fuel price. Considering 2014 as General Election year,
the policy to increase subsidized Oil Fuel price policy is
assumed slightly to occur in 2014.
PT Bank Syariah Mandiri
The Company is continuously
committed to become corporate
citizenship. The Company seeks
that the business activity carried
will generate optimum positive
benefit for external party (social,
economy, environment).
111
Annual Report 2013
MANAGEMENT
REPORT
In the midst of global economy deceleration projection both
on global and Indonesian economy and national banking
growth, challenge for banking industry player is to balance
between growth and maintaining asset quality. BSM
assures to have potential to grow qualified manner mainly
on sharia banking industry. Therefore, we expect that
performance in 2014 will contribute for national banking
industry and generally for Indonesian economic growth
forward.
has been audited Purwantono, Suherman & Surja Public
Accountant Office (member of Ernst & Young (E&Y)) with
“Unqualified” opinion.
May Allah SWT will always bless our effort.
Wassalamu’alaikum Wr. Wb.
Board of Directors Composition
In 2013, composition of BSM Board of Directors consisted of
6 (six) members, a member served as President Director and
5 (five) members served Directors, appointed based on GMS.
The Board of Directors appointment has passed fit and proper
testmechanism held by Controlling Shareholders.
Board of Directors Management remained stable as prior
years which comprising of Yuslam Fauzi as President
Director, Hanawijaya as Micro and Retail Banking Director,
Sugiharto as Network & Asset Management Director, Zainal
Fanani as Compliance Director, Achmad Syamsudin as Risk
Management Director and Amran P. Nasution as Corporate
Banking and Treasury Director.
Last but not least, the Board of Directors would like to express
appreciation and reward to the Government, regulator, ulama,
society, shareholders, customers, business partners and
entire BSM employees and big family for every support and
trust given. May endless support, BSM will always participate
in bringing welfare to society and actualizing BSM as pride
sharia bank in Indonesian society.
Moreover, we would further disclose BSM financial report in
2013, as stated on this Annual Report, including Financial
Statemetns in form of BSM Balance Sheet and Income Loss
for fiscal year 2013. The Bank’s Financial Statemetns in 2013
Annual Report 2013
112
PT Bank Syariah Mandiri
Jakarta,
February 25, 2014
PT Bank Syariah Mandiri
Board of Directors
Yuslam Fauzi
President Director
Amran Nasution
Director
Hanawijaya
Director
Sugiharto
Director
PT Bank Syariah Mandiri
Zainal Fanani
Director
Achmad Syamsudin
Director
113
Annual Report 2013
MANAGEMENT
REPORT
Board of
Directors
Profile
Sugiharto
Amran Nasution
Director
Annual Report 2013
Director
114
Yuslam Fauzi
President Director
PT Bank Syariah Mandiri
Hanawijaya
Director
PT Bank Syariah Mandiri
Zainal Fanani
Director
Achmad Syamsudin
Director
115
Annual Report 2013
MANAGEMENT
REPORT
Yuslam Fauzi
Hanawijaya
Amran Nasution
President Director
Director
Director
Indonesian citizen born in Jakarta on August
28, 1959. Graduated from Faculty of Economy,
Universitas Indonesia in 1986. Obtained MBA
Degree in 1992 from Arizona State University,
USA. Presently is finishing Doctorate Degree
at Universitas Indonesia.
Indonesian citizen, born in Jakarta on
December 3, 1963. Graduated from Faculty
of Agriculture majoring Agrobusiness, Institut
Pertanian Bogor in 1986. Ontained MM
Degree from Institut Pendidikan Manajemen
Prasetya Mulya (Jakarta, 1999).
Career History
l Banjarmasin Regional IX Manager, Bank
Mandiri l Compliance and Risk Management
Director, Bank Syariah Mandiri. l Head of
Medium Loan Division, Bank Bumi Daya.
Career History
l Consumer Financing Director, Branch
Commerce and Product Development, PT
Bank Syariah Mandiri. l Compliance, Risk
Management and IT Director, Bank Syariah
Mandiri l Hub Manager Jakarta Fatmawati PT
Bank Mandiri (Persero) Tbk.
l Front End Collection Departemen Head
PT Bank Mandiri (Persero) Tbk. l Group
Head Credit Recovery di PT Bank Mandiri
(Persero) Tbk. l Credit Corporate Assistant
Relationship Manager Bank Dagang Negara.
l Medium-scale Enterprise Credit Analyst
Bank Dagang Negara.
Education and Training
l CEO Roundtable Meeting-NetherlandsIndonesia Financial Sector Expertise
Exchange Programme (NIFSEEP) l Bank
Mandiri Assesment Center. Bank Mandiri
Leadership Forum l Training Service Strategy
for Senior Management in Bank Mandiri.
l Interest Rate Paradox & Book Launching
“Indonesia Banking Watch 2012 – 2013”
l Mandiri CFO Forum 2012. Theme: Creating
Optimum Growth Through
Efficiency Management.l USINDO “Indonesia
as a ‘Global Swing State’: What does it mean
for US-Indonesia Relations? l Bank Mandiri
Great Leader Program l Mid Year 2012
Franchise Review l Bank Mandiri Great
Leader Half Day Workshop Program.
Initial Appointment Basis: GMS on June 22,
2005
Education and Training
l “Gold Pawning in Sharia Bank: between
Investment and Speculation” Seminar.
l “Jakarta Muslim Executive Forum” Seminar.
l APM-RCG &IIICE 2012 MP3EI Conference.
l Murabahah Transaction Implementation
in Sharia Banking Workshop l Competitive
Strategy Training. l Product Innovation
Seminar.
Initial Appointment Basis: GMS on June 22,
2005
Annual Report 2013
116
Warga Negara Indonesia, lahir di Jakarta, 1
Desember 1965. Lulus dari Fakultas Ekonomi,
Jurusan Manajemen, Universitas Trisakti,
Jakarta tahun 1989.
Career History
l Kepala Divisi Korporasi PT Bank Syariah
Mandiri l Kepala Divisi Pembiayaan &
Investment Banking PT Bank Syariah Mandiri.
l Kepala Divisi Treasury dan Dana PT Bank
Syariah Mandiri l Kepala Divisi Pembiayaan
Menengah dan Ritel PT Bank Syariah Mandiri
l Kepala Cabang Utama Bank Susila Bakti
Bandung l Account Officer Bank Susila Bakti
Bandung
Education and Training
l Certificate In Corporate Leadership TTE
Tingkat Advance VIII Program l Center Of
Corporate Leadership l slamic Commercial
Law In Banking & Finance Good Corporate
Governance, Risk Management &
Compliance Management, Arthur Andersen
l BSM Leadership Forum “Two Days
Strategic Dynamic Workshop l Knowledge
Management Implementation Workshop
l Indonesia Investment Forum l IBI National
Seminar “Economy Outlook 2013: Under
Uncertaint Global Economy Perspective”.
l Hajj National Seminar Nasional.
Initial Appointment Basis: GMS on June 19,
2007
PT Bank Syariah Mandiri
Zainal Fanani
Sugiharto
Achmad Syamsudin
Director
Director
Direktur
Indonesian Citizen, born in Ngawi on October
24, 1964. Graduated from Faculty of Civil
Engineering majoring Transportation, Institut
Teknologi 10 November Surabaya (ITS) in
1989.
Career History
l Head of Performance Planning,
Development and Management PT Bank
Syariah Mandiri l Head of Relation Manager
Retail l Division, Marketing & Branch
Development Division PT Bank Syariah
Mandiri l Head of Surabaya Branch Office PT
Bank Syariah Mandiri l Head of Kalimalang
Supporting Branch Office, Bank Susila Bakti.
l Head of Rawamangung Supporting Branch
Office, Bank Susila Bakti.
l Staff of Land Transportation Research
& Development Agency, Ministry of
Transportation, RI.
Education and Training
l Indonesian Banking Towards ASEAN
Economic Community & MP3EI
Implementation Seminar l Service Workshop
For Group Head & Service Mindset l Risk
Management Cert. Refreshment PROG.
LVL.3-5 l mproving Compliance Competency.
l Banking Readiness in Welcoming
Commercial Banks Share Ownership
Restriction l ICA International Advance
Certificate in Compliance & Financial Crime of
the International Compliance association.
Indonesian Citizen, born in Kediri on
November 19, 1960. Graduated from
Universitas Muhammadiyah Jakarta
Postgraduate Degree in 2003. Presently is
finishing Doctorate Degree at Universitas 17
Agustus Surabaya.
Career History
l Head of Network Development Division PT
Bank Syariah Mandiri l Regional Manager of
East Java, Bali and Mataram PT Bank Syariah
Mandiri l Regional Manager of Middle Java
PT Bank Muamalat Indonesia l Coordinator
of Corporate Business Restructure Financing
Unit PT Bank Muamalat Indonesia l Branch
Manager at Fatmawati - Jakarta PT Bank
Muamalat Indonesia l Head of Commercial
Financing in Surabaya PT Bank Muamalat
Indonesia.
Education and Training
l Financial Inclusion Seminar: Banking Role
to Expand Public Access on Financial Service
l Bank Mandiri Great Leader Program
Half Day Workshop l Bank Mandiri Great
Leader Program Half Day Workshop Day
2 l Institutional Investor Forum l Training
Service Excellent for Senior Management - PT
Bank Mandiri.
Initial Appointment Basis: GMS on June 19,
2008
Initial Appointment Basis: GMS on June 19,
2007
PT Bank Syariah Mandiri
117
Annual Report 2013
Indonesian citizen, born in Jakarta on July 27,
1965. Graduated from Faculty of Agricultrue,
Institut Pertanian Bogor in 1989. Obtained
MBA Degree in 1998 from International
University Of Japan, Nigata, Japan.
Career History
l Regional Risk Management III & V, Bank
Mandiri l Dept. Head, Commercial Risk Mgt
Group, Bank Mandiri l Dept. Head, Retail
Credit Risk Mgt. Group, Bank Mandiri l Group
Head CRM Retail, Bank Mandiri l Chairman
of Credit Monitoring Affairs, BDN
Education and Training
l Indonesian International Banking
Convention 2012 l Payment Agreement
for Financing Operation Center (FOC)
Workshop l Service Excellence 2012 Kick
Off Activity. l Temenos Community Forum
(TCF) 2012. l Annual Risk consolidation
Conference 2012 l Bank Mandiri Great
Leader Program Workshop l Bank Mandiri
Great Leader Program Workshop l PT Bank
Mandiri, Tbk Investment Forum l Seminar on
Banking Industry in An Extremely Dynamic
World: Becoming prosperious & profer
l Great Leader Bank Mandiri Assessment
Programl E-Payment & Security Seminar.
Initial Appointment Basis: GMS on June 29,
2010
BANKING
BUSINESS REVIEW
Management Discussion and
Analysis
on Bank ‘s Performance
In the middle of sharia banking industry
growth year on year by Rp47.25 trillion,
BSM is the owner of sharia banking
industry largest market share. From total
assets, BSM dominated 26.40% sharia
banking market share in 2013.
Annual Report 2013
118
PT Bank Syariah Mandiri
Jambi - Rattan plait artwork
PT Bank Syariah Mandiri
119
Laporan Tahunan 2013
BANKING
BUSINESS REVIEW
I
n 2013, Bank Syariah Mandiri (BSM) growth delivered
improving performance as the largest market share sharia
Bank in Indonesia.
both directly and indirectly
Assets of BSM positively grew by Rp63.97 trillion or 17.95%,
while net income booked a negative growth by Rp651.24
billion or -19.17% from previous year.
A. Indonesian Economy and
Banking Industry Prospect
Global economy recovery endured in 2013 where the
global economic growth slightly decelerated from 3.1%
in 2012 to 3.0% in 2013. Global economic slower growth
was due to advance countries economic deceleration and
followed by emerging countries economic growth revision
at the beginning of 2013. Constrained global economic
growth encouraged decrease in global commodity price.
Moreover, global monetary uncertainty also increased
in line with monetary stimulus deduction (tapering off)
initiative issued in United States (US). Global economy
recovered at 2nd semester of 2013 supported by United
States, Japan and economic recoivery at European
region, China and India.
In 2013, Indonesian economy was decelerated from 6.2%
n 2012 to 5.7*% in 2013. The growth was underpinned by
household consumption and investment growth. Declining
economic growth took place in 2013 was acquired from
real export fall due to global economic crisis. Indonesian
economic deceleration was also in line with stabilization
policy implemented by the Government and Bank
Indonesia to bring the economy to more sound and
balance directions.
Rupiah currency rate was depreciated during 2013 with
major pressure occurred since end of May 2013 to August
2013. The major pressure was mostly affected by higher
outlow capital triggered by global economy recovery
uncertainty, post-subsidized fuel price rising inflation and
global impact due monetary stimulus reduction policy
issued by The Fed. Rupiah currency rate was point-topoint deprecated by 20.9% (yoy) from Rp10.075 per US
dollar level as end of 2012 to Rp12.170 per US dollar
level as end of 2013..
At the end of 2013, BI rate booked at 7.50% level, 175
bps higher fro, 5.75% in 2012. Bank Indonesia took tight
monetary policy to mitigate inflation rate and encouraged
current transaction deficite adjustment to be more sound
and sustain.
1.
National Banking
Inflation pressure as of 2013 was relatively high.
Consumer price inflation reached to 8.34% year on year
(yoy), higher from inflation rate realization in 2012 which
arrived at 4.30% (yoy). Inflation rate at 2nd semester of
2013 improved from inflation rate booked throughout 1st
semester of 2013. Significant inflation pressure was due
to food price turmoil and rising subsidized-oil fuel price.
Increase in subsidized-oil fuel price drove higher prices
Annual Report 2013
Volatile food and administered prices group inflation in
2012 each reached to 11.83% and 16.65%. Volatile food
inflation was affected by seasonal factor which was higher
demand at the end of the year due to religious feast and
new years celebration. Moreover, this condition was also
affected indirectly by subsidized oil fuel and electricity
rising price. In 2013, administered prices inflation was
relatively high due to increasing subsidized oil fuel price,
electricity tariff and LPG tariff.
120
National banking assets reached to Rp4,954.46
trillion in 2013, grew by Rp691.88 trillion or 16.23%
(yoy) against assets position booked in 2012 which
was Rp4,262.568 trillion. The banking assets growth
was lower from assets growth booked in 2012 in
sampe period which arrived at 16.69% (yoy). In
2013, Deposit collection grew by Rp438.77 trillion
or 13.60% (yoy) from Rp3,225.19 trillion in 2012 to
Rp3,663.96 trillion in 2013. Deposit growth booked
in 2013 yoy was lower from Deposit growth in 2012
which arrived at 15.81% (yoy).
PT Bank Syariah Mandiri
President Commissioner of BSM, Achmad Marzuki
(second from the right) and President Director of
BSM, Yuslam Fauzi (first from the left) altogether
with Sharia Economy Society (MES) Committee
attened CEO Forum event held by MES on June 8,
2013. The event was event for CEO to discuss on
behalf of Sharia Economy Progress in Indonesia.
by 0.02% from 74.10% from 2012 to 74.08% in 2013.
NPL Gross ratio realization in 2013 was 1.7&% or
decreased by 0.10% from 1.87% in 2012. Decreasing
banking performance ratio were namely Net Interest
Margin (NIM) and Return on Assets (ROA. NIM Ratio
decreased by 0.60% from 5.49% in 2012 to 4.89% in
2013. ROA dropped by 0.03% from 3.11% in 2012 to
3.08% in 2013.
On the other hand, disbursed loan booked in 2013
was Rp3,292.87 trillion, grew by Rp585.01 trillion
or 21.60% (yoy) from loan position booked in 2012
which arrived at Rp2,707.86 trillion. Based on
disbursement type, working capital loan was being
the largest contributor on loan year on year growth
in 2013. Working capital loan growth was slower
from 23.21% (yoy) in 2012 to 20.43% (yoy) in 2013.
Meanwhile, investment and consumer loans growth
in 2013 was each booked at 34.05% (yoy) and
13.67% (yoy).
Sectorally, loan growth was still supported by trading,
restaurant and hotel sectors. Loan growth by year
on yar from trading, restaurant and hotel sectors in
2013 reached to 29.24% (yoy), decreased from 2012
which was 34.23% (yoy). With loan market share to
21.36% from total loan, the sector remained overall
loan growth basis which contributed 27.20% from
loan growth which reached Rp585.01 trillion.
Several banking ratio were decreasing though some
also booked an improvement. Improving banking
ratio in 2013 were Capital Adequacy Ratio (CAR),
Operating Expense to Operating Income (BOPO)
Ratio and Non Performing Loan Gross (NPL Gross)
Ratio. In 2013, Capital Adequacy Ratio (CAR) of
national banking was higher from CAR realization in
2012 which reached 17.43%. BOPO ratio decreased
PT Bank Syariah Mandiri
121
2. Sharia Banking
In 2013, the Bank carried business activity based on
sharia principle covering 197 Banks, comprising of 11
Sharia Commercial Banks, 23 Sharia Business Units
and 163 BPRS. In line with respective condition,
sharia Bank network has reached 2,990 offices and
1,267 office channelings (OC).
Sharia banking assets grew by Rp47.25 trillion or
24.23% (yoy) in 2013 from Rp195.01 trillion in 2012
to Rp242.27 trillion in 2013. Suported by the assets
growth, sharia banking assets market share to
national banking assets grew by 4.58% in 2012 to
4.89% in 2013.
Sharia banking deposit grew by Rp36.02 trillionor
24.42% (yoy) in 2013 from Rp147.51 trilion in 2012 to
Rp183.53 trillion in 2013. Deposit growth in 2013 was
24.42% (yoy) lower from Deposit growth realization in
Annual Report 2013
BANKING
BUSINESS REVIEW
2012 which arrived at 27.81% (yoy). Sharia banking
deposit market share in 2013 was 5.01% grew from
2012 which was 4.57%.
From fund disbursement aspect, sharia banking
financing growth reached to 24.82% (y0y) lower from
financing growth booked in 2012 which was 43.69%
(yoy). The sharia banking financing booked Rp36.61
trillion or 24.82% growth from Rp147.50 trillion in
2012 to Rp184.12 trillion in 2014. Sharia banking
financing market share to commercial banking in
2013 was 5.59%.
Several decreasing sharia banking industry
performance ratio were namely ROA, ROA, NPF and
BOPI. Sharia banking ROA realization in2 013 was
at 2.00%, lower from 2012 which reached 2.14%. In
2013, sharia banking ROE was 17.24% lower from
2012 which reached 24.06%. NPF was decreasing
from prior 2.22% in 2012 to 2.62% in 2013. BOPO
ratio grew by 3.24% from 74.97% in 2012 to 78.21%
in 2013. Improving ratio was at capital (CAR) from
14.13% in 2012 to 14.42% in 2013.
3. Sharia Banking Players
In 2013, there was no addition on new Sharia
Commercial bank, thus recored one Sharia Busienss
Unit, which was HSBC Syariah that the sharia
banking industry plaers comprised of 11 BUS, 23
SBU and 163 BPRS.
B.Asset Market Share
In sharia banking industry which grew year on year
by Rp47.25 trillion from Rp195.01 trillion in 2012 to
Rp242.27 trillion in 2013, or grew by 24.23%, BSM holds
the largest sharia banking industry market share.
From total assets side, in 2013, BSM still domnated
26.40% sharia banking market share; despite 1.41%
decrease from market share realization in 2012 which
arrived at 27.81%. In 2013, BMS Total assets grew by
17/95% (yoy) or Rp9.74 trillion from Rp54.22 trillion
in 2012 to Rp63.96 trillion in 2013. Therefore, BSM
contributed 20.60% on sharia banking industry growth in
2013.
(in Rp billion)
Table of BSM Assets to Sharia Banking Market Share
Assets
BSM
2012
2013
Growth
Assets Market Share
54.229
63.965
9.736
26,40%
Non BSM
140.789
178.311
37.522
73,60%
Sharia Banking
195.018
242.276
47.258
100,00%
Annual Report 2013
122
PT Bank Syariah Mandiri
Grafik of BSM Assets to Sharia Banking Market Share
Non BSM
72,19%
2012
BSM
27,81%
Non BSM
73.60%
2013
Grafik of BSM Deposit to Sharia Banking Market Shares
BSM
26.40%
Non BSM
67,86%
BSM
32,14%
2012
Non BSM
69,24%
2013
BSM
30,76%
C.Third Party Fund Market Share
In 2013, BSM deposit grew by Rp9.05 trilllion or 19.09%
from Rp47.40 trillion in 2012 to Rp56.46 trillion in 2013.
At the same time, sharia banking deposit grew by 24.42%
(yoy) from RP147.51 trillion in 2012 to Rp183.53 trillion in
2013.
(in Rp billion)
Table of BSM Deposit to Sharia Banking Market Shares
DPK
2012
2013
Growth
BSM
47.409
56.461
9.052
30,76%
Non BSM
100.103
127.073
26.970
69,24%
Sharia Banking
147.512
183.534
36.022
100,00%
Aforementioned condition drove BSM deposit to sharia
banking market share decreased by 32.14% in 2012 to
30.76% in 2013. Decreasing BSM deposit market share
due to declining BSM saving and time deposit markets. In
2013, BSM deposit grew by RP9.05 trillion with 25.13%
contribution to Sharia banking deposit growth which
arrived at Rp36.02 trillion.
PT Bank Syariah Mandiri
123
Annual Report 2013
Deposit Market Share
BANKING
BUSINESS REVIEW
1. Saving Account Market Share
Growth
Growth
BSM Saving account to sharia banking market share
negatively grew from 42.48% in 2012 to 38.64% in
2013. BSM Saving booked positive growth by Rp2.95
trillion or 15.42% from Rp19.14 trillion in 2012 to
Rp22.10 trillion in 2013. BSM saving account growth
contributed 24.35% from sharia banking growth which
booked Rp12.12 trillion growth.
Tabel of BSM Saving Account to Sharia Banking Saving
Market Share Growth (in Rp billion)
Savings
2012
2013
Share
Growth
BSM
4.724
2.953
24,35%
Non BSM
7.746
9.175
75,65%
Sharia Banking
12.470
12.128
100,00%
3. Current Accounts Market Share
In 2013, BSM Current Accounts booked positive
growth by Rp1.09 trillion from Rp6.43 trillion in 2012
to Rp7.52 trillion in 2013 or grew by 16.96%. BSM
Current Account growth contributed 133.89% from
sharia banking current account growth which reached
Rp815 billion.
Respective condition brought an increase in BSM
Current Account to sharia banking Current Account
market share which grew by 36.33% in 2012 to
40.63% in 2013.
Table of BSM Current Account to Sharia Banking Current
Accoutn Market Share Growth (in Rp billion)
2. Time Deposit Market Share
Current Accounts
Growth
BSM Time Deposit booked positive growth by Rp5.00
trillion from Rp21.82 trilllion in 2012 to Rp26.83 trillion
in 2013 or grew by 22.94%. BSM time deposit growth
contributed 21.70% from sharia banking time deposit
which reached Rp21.77 trillion. BSM time deposit to
sharia banking time deposit market share booked
negative growth from 25.76% in 2012 to 24.89% in
2013.
2012
2013
Share
Growth
BSM
1.698
5.008
21,70%
Non BSM
15.624
18.072
78,30%
Sharia Banking
13.926
23.080
100,00%
Annual Report 2013
2013
Share
Growth
BSM
1.765
1.091
133,89%
Non BSM
3.937
(276)
-33,89%
Sharia Banking
5.702
815
100,00%
D.Financing Market Share
In 2013, BSM Financing grew by 12.75% or Rp5.71 trillion
from Rp44.75 trillion in 2012 to Rp50.46 trillion in 2013.
Concurrently, sharia banking financing grew by 24.82%
from Rp147.51 trillion in 2012 to Rp184.12 trillion in
2013. BSM financing growth booked in 2013 contributed
27.41% to Sharia Banking Financing growth which arrived
at Rp36.61 trillion.
BSM financing to sharia banking financing market share
decreased from 30.17% in 2012 to 27.41% in 2013.
Table of BSM Time Deposit to Sharia Banking Time
Deposit Market Share Growth (in Rp billion)
Time Deposit
2012
124
PT Bank Syariah Mandiri
Director of BSM, Sugiharto,
represented BSM in Interbank
Currency National Transactio Bye
Laws Implementation Signing and
Inauguration on May 5, 2013.
Table of BSM Financing to Sharia Banking Financing Market Share
(in Rp billion)
Financing
2012
2013
BSM
44.755
50.460
5.706
27,41%
Non BSM
102.75
133.662
30.911
72,59%
147.505
184.122
36.617
100,00%
Sharia Banking
Growth
Table of BSM Financing to Sharia Banking Financing
Market Share
Non BSM
69,66%
PT Bank Syariah Mandiri
2012
BSM
30,17%
Non BSM
72,59%
125
2013
BSM
27,41%
Annual Report 2013
Financing Market Share
OPERATIONAL REVIEW
(Per Business Segment)
Management Discussion and
Analysis
on Bank’s Performance
In 2013, BSM Total Assets increased by
17.95% to Rp63.97 trillion, if compared
with assets realization in 2012 which was
Rp52.23 trillion.
Total Deposit collection grew by 19.09%
to Rp56.46 trillion, and total financing
disbursement grew by 12.75% to Rp50.46
trillion.
Laporan
Annual
Tahunan
Report2013
2013
126
PT Bank Syariah Mandiri
North Sumatera - Batak Tandok artwork
PT Bank Syariah Mandiri
127
Annual Report
Laporan
Tahunan
2013
2013
OPERATIONAL REVIEW
(Per Business Segment)
B
ank Syariah Mandiri (BSM) is always committed
to meet customers expectation on sharia banking
business.
Grafik of Deposit Growth
In 2013, BSM offered growing innovative products. BSM has a
product classification, as follows:
1. Deposit financing (savings, time deposit and current
accounts), consumer fund and low cost fund.
2. Financing including financing per scheme, financing per
economy sector and financing per segment.
3. Product services including products service, operational
service and investment service.
4. Services including syariah mandiri priority.
Description of BSM product is as follows:
A.Funding
Deposito
46,04%
Tabungan
40,39%
2012
Deposito
47,53%
Giro
13,57%
Tabungan
39,14%
2013
Giro
13,33%
Significant Deposit growth was followed by total accounts
which grew by 1,658,643 accounts or by 38.48% from
4,310,229 accounts in 2012 to 5,968,872 accoiunts in 2013.
Average monthly deposit growth in 2013 reached to 138,221
accounts.
Table of Total Deposit
1. Total Deposit
Description
Savings
Total deposit collection as end of December 2013 reached
to Rp56.46 trillion, grew by Rp9.05 trillion or 19.09% to
total Deposit collected in 2012 which was Rp47.40 trillion.
Deposit was acquired from savings, current accounts and
time deposit.
Current Account
Time Deposit
Total
2012
2013
4.155.632
5.787.208
53.334
61.999
101.263
119.665
4.310.229
5.968.872
2. Consumer and Institution Fund
Composition
In 2013, Consumer Fund Composition decreased to
56.91% from previous year which was 59.25%. While,
Institution Fund Composition increased by 43.09% from
previous year which was 40.75%.
Table of Deposit Growth
(in Rp billion)
Growth in 2012-2013
Description
2009
2010
2011
2012
2013
Savings
9.873
14.424
14.424
19.148
22.101
2.953
15,42
Current Accounts
4.015
4.669
4.669
6.434
7.525
1.091
16,96
Time Deposit
15.110
23.525
23.525
21.827
26.834
5.007
22,94
Total
28.998
42.618
42.618
47.409
56.461
9.052
19,09
Annual Report 2013
128
Nominal
%
PT Bank Syariah Mandiri
Table of Consumer and Institution Fund Composition
(in Rp billion)
2012
Composition
2013
Composition
Consumer
28.092
59,25%
32.132
56,91%
4.040
14,38
Institution
19.317
40,75%
24.329
43,09%
5.012
25,95
Total
47.409
100,00%
56.461
100,00%
9.052
19,09
Institution
40,75%
2012
Consumer
59,25%
Institution
43,09%
2013
Nominal
%
4. Deposit
Grafik of Consumer and Institution Fund Composition
a. Saving Accounts
Consumer
56,91%
3. Low Cost Fund Composition
Growth
Description
Low Cost Composition decreased to 52.47% from
previous year which was 53.96%. While, financing for
time deposit rose to 47.53% from previous year which
was 46.04%.
As end of 2013, public fund collection as saving
accounts reached to Rp22.10 trillion, grew by 15.42%
or Rp2.95 trillion form Rp19.14 trillion in 2012.
Saving accounts of BSM comprises of BSM Savings
(Mudaharabah), BSM Saving Plan, BSM Simpatik
Saving, BSM Mabrur Saving, BSM Investa Cendikia
Saving and TabunganKu.
Highest growth by nominal contributed by BSM
Saving (Mudharabah) by Rp17.10 trillion. Total
Saving NoA as end of 2013 reached to 5,786,206
accounts, increased by 1,630,574 accounts or
39.24% from 2012 which was 4,155,632 accounts.
table of Low Cost Fund
(in Rp billion)
Description
2012
Composition
2013
Composition
Growth
Nominal
%
Low cost
25.582
53,96%
29.626
52,47%
4.044
15,81
Time deposit
21.827
46,04%
26.834
47,53%
5.007
22,94
Total
47.409
100,00%
56.461
100,00%
9.052
19,09
Grafik of Low Cost Fund
Time
deposit
46,04%
2012
Low cost
53,96%
PT Bank Syariah Mandiri
Time
deposit
47,53%
2013
Low cost
52,47%
129
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Table of Saving Product
No
(in Rp million)
Description
2012
2013
Growth
Nominal
%
1
BSM Saving Plan
147.581
157.425
9.844
6,67
2
BSM Investa Cendikia Saving
246.351
292.035
45.684
18,54
3
TabunganKu
308.198
377.309
69.111
22,42
4
BSM Simpatik Saving
5
BSM Mabrur Saving
6
BSM Saving (Mudharabah)
Total
593.326
1.230.641
637.315
107,41
2.674.435
2.939.993
265.558
9,93
15.178.086
17.103.824
1.925.738
12,69
19.147.977
22.101.227
2.953.250
15,42
2012
2013
Table of Saving Products Total Accounts
Description
%
1. BSM Saving Plan
60.473
64.018
3.545
5,86
2. BSM Investa Cendikia Saving
49.957
52.711
2.754
5,51
3. TabunganKu
237.755
286.741
48.986
20,60
4. BSM Simpatik Saving
759.559
1.714.252
954.693
12,56
5. BSM Mabrur Saving
6. BSM Saving (Mudharabah)
Total
779.012
924.399
145.387
18,66
2.268.876
2.744.085
475.209
17,32
4.155.632
5.786.206
1.630.574
In 2013, Saving accounts grew by 15.42% from
position booked in 2012 which was Rp19.14 trillion.
The saving accoutns growth in 2013 was supported
by TabunganKu growth by 20.60%, BSM Mabrur
Saving by 18.66%, BSM Saving (Mudharabah) by
17.32%, BSM Simpatik Saving by 12.56%, BSM
Saving Plan by 5.86%, and BSM Investa Cendikia
Saving by 5.51%..
Detail of saving products in BSM are namely as follows:
1) BSM Saving (Mudharabah)
Growth
Accounts
As end of 2013, BSM Saving reached to Rp17.10 trillion.
BSM Saving (Mudharabah) growth booked at Rp1.92
trillion. BSM Gelegar Hadiah, Gathering, Sahabat and
Annual Report 2013
39,24
several other programs were being supporting factors of
BSM Saving Accounts growth.
JTotal BSM Saving (Mudharbah) NoA as end of 2013
reached to 2,744,085 accounts. Total BSM Saving
(Mudharabah) NoA grew by 475,209 accounts or 17.32%
from previous year which was 2,268,876 accounts.
2) BSM Mabrur Saving
Throughout 2013, BSM Mabrur Saving reached to Rp2.93
trillion. In 2012, BSM Mabrur Saving growth to Rp265.55
billion or 9.93% from position booked in 2012 which was
Rp2.67 trillion. Total BSM Mabrur Saving NoA reached to
924,399 accounts, grew by 145,387 accounts or 18.66%
from 2012 which was 779,012 accounts.
130
PT Bank Syariah Mandiri
3) BSM Saving Plan
In 2013, BSM Saving Plan growth reached to Rp157.42
billion. In 2013, BSM Saving Plan Growth booked Rp9.84
billion or 6.67% growth from 2012 which was Rp147.58
billion. Total BSM Saving Plan NoA booked at 64,018
accounts, grew by 3,545 accounts or 5.86% from 2012
which was 60,743 accounts.
4) BSM Investasi Cendikia Saving
BSM Investasi Cendikia Saving achieved progressive
growth in 2013 was namely due to “BSM Ceria” program
as BSM Investasi Cendikia Saving and BSM Saving
product bundling program. In 2013, BSM Investasi
Cendikia Saving growth reached to Rp292.03 billion,
grew by Rp45.68 billion or 18.54% from 2012 which was
Rp246.35 billion.
Total BSM Investasi Cendikia Saving NoA reached to
52,711 accounts, grew by 2,754 accounts or 5.51%
growth from position booked in 2012 which was 49,957
accounts.
5) BSM Simpatik Saving
In 2013, BSM Simpatik Saving growth reached to Rp1.23
trillion, increased if compared with 2012. BSM Mabrur
Saving Account growth reached to 924,399 accounts,
grew by 145,387 accounts or 18.66% from 2012 which
was 779,012 accounts.
6)TabunganKu
In 2013, TabunganKu Saving growth reached to Rp377.30
billion, increasing if compared with 2012. TabunganKu
Saving growth booked Rp69.11 bilion or 22.42% growth
in 2013 to position booked in 2012 which was Rp308.19
billion. Partnership with educational institution also
contributed in increasing TabunganKu growth. Total
TabunganKu NoA as end of 2013 reached to 286,741
accounts, grew by 48,986 accoutns or 20.60% from 2012
which was 237,755 accounts.
b. Time Deposit
As end of 2013, public deposit realization as time
deposit reached to Rp26.83 trillion, grew by 22.94%
or Rp5.00 trillion from Rp21.82 trillion in 2012. BSM
Time Deposit is in two currencies of Rupiah and
Dollar.
Table of Time Deposit Product Type
No
Description
1
BSM Rupiah Time
2
BSM Foreign
Total
(in Rp million)
2012
2013
20.579.200
24.361.001
3.781.801
%
18,38
1.247.444
2.473.253
1.225.809
98,27
21.826.644
26.834.254
5.007.610
22,94
PT Bank Syariah Mandiri
Growth
Nominal
131
Total Time Deposit NoA as end of 2013 reached to
119.665 accounts. In 2013, Time Deposit NoA grew
by 18,400 accounts or 23.29% from position booked
in 2012 which was 101,263 accounts.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Total Time Deposit Product Accounts
Description
1. BSM Rupiah Time
2. BSM Foreign
Total
2013
97.804
116.032
18.226
18,63
3.459
3.633
174
5,03
101.263
119.665
18.400
23,29
1) BSM Rupiah Time Deposit
In 2013, BSM Rupiah Time Deposit growth
reached to Rp24.36 trillion. BSM Rupiah Time
Deposit Grwoth grew by Rp3.78 trillion or
18.38% in 2013 from position booked in 2012
which was Rp20.57 trillion.
In 2013, BSM Foreign Currency Time Deposit
growth reached to Rp2.47 trillion.
%
BSM Foreign Currency growth booked Rp1.22
trillion or 98.27% growth in 2013 from position
booked in 2012 which was Rp1.24 trillion. Total
BSM Foreign Currency BSM NoA as end of
2013 reached to 3,633 accounts, 174 accounts
or 5.03% higher from 2012 which was 3,459
accounts.
c. Current Accounts
Total BSM Rupiah Time Deposit NoA as end
of 2013 reached to 116,032 accoutns, grew by
18,226 accounts or 18.63% from 2012 which
was 97,804 accounts.
2) BSM Foreign Currency Time Deposit
Accounts
Description of BSM Time Deposit product is as
follows:
Growth
2012
As end of 2013, public deposit realization as current
accounts booked at Rp7.52 trillion. Current account
growth reached Rp1.09 trillion or 26.96% growth in
2013 from position booked in 2012 which was Rp6.43
trillion. BSM Current account product conists of BSM
Rupiah Current Account, BSM Euro Current Account,
BSM Dollar Current Account and BSM Singapore
Dollar Current Account.
Type of Current Accounts Product
Description
1. BSM Rupiah
2012
%
2.725
2.373
352
1.175.849
1.418.877
243.028
20,67
4. BSM Singapore Dollar Current Account
Total
Growth
Nominal
1
6,18
12,92
5.251.534
2. BSM Euro Current
3. BSM Dollar
2013
6.101.470
849.936
3.961
2.541
1.420
35,85
6.434.069
7.525.261
1.091.192
16,96
Annual Report 2013
132
PT Bank Syariah Mandiri
(in Rp million)
Total Current Accounts Product Account
No
Description
2012
2013
1
BSM Rupiah
5.251.534
6.101.470
2
BSM Euro Current
3
BSM Dollar
BSM Singapore Dollar Current
Account
4
Total
Growth
Nominal
849.936
%
16,18
2.725
2.373
(352)
(12,92)
1.175.849
1.418.877
243.028
20,67
3.961
2.541
(1.420)
(35,85)
6.434.069
7.525.261
1.091.192
16,96
Growth of BSM Current account reflected BSM
customers business activity. Total Current Account
NoA as end of 2013 reached to 61,999 accounts,
increased by 8,665 accounts or 16.20% from 2012
which was 53,334 accounts.
Account growth booked Rp243 billion or 20.67%
increase in 2013 if compared with previous year
which was Rp1.17 trillion.
Description of BSM Current Account product is as
follows:
Total BSM USD Current Account NoA as end of
2013 reached to 682 accounts or 8.20% from
2012 which was 8,068 accounts.
1) BSM Rupiah (IDR) Current Account
4) BSM Singapore Dollar Current Account
Throughout 2013, BSM Wadiah Yad Dhamanah
(IDR) Current Account growth reached to Rp6.10
trillion. BSM Rupiah Current Account growth
brought Rp849 billion or 16.18% growth in 2012
from position booked in 2012 which was Rp5.25
trillion. Total BSM Rupiah Current account as end
of 2013 reached to 52.924 accounts, increased
by 7,976 accounts or 17.74% from 2012 which
was 45,170 accounts.
2) BSM Euro Current Account
In 2013, BSM Euro Current Account growth
reached to Rp2.37 billion. BSM Euro Current
Account growth booked a decrease by Rp352
million or negative 12.92% growth in 2013 from
position booked in 2012 which was Rp2.72
billion. Total BSM Euro Current Account NoA as
end of 2013 was to 31 account, remained stable
if compared with 2012.
3) BSM Dollar (USD) Current Account
In 2013, BSM USD Current Account growth
reached to Rp1.41 trillion. BSM USD Current
PT Bank Syariah Mandiri
In 2013, BSM Singapore Dollar BSM growth
reached to Rp2.54 billion. BSM Singapore Dollar
Current Account growth booked a decrease of
Rp1.42 billion or negative 35.85% from 2012
which was Rp3.96 billion.
Meanwhile, total BSM Singapore Dollar Current
Account NoA as end of 2013 reached to 73
acounts or grew by 7 accounts or 10.6% fro,
2012 whih was 65 accounts.
133
Throughout 2013, BSM conducted several programs
to increase Deposit to meet customers expectation,
among others:
a) Cash Management
Cash Management is a program to support
institution customers to manage their funds.
Offered products are Pooling Fund, Multi Level
Account, Batch Transfer and Payroll. Other
partnership which are available are Co-Branding,
Multi Bank Payment and Multi Channel Payment.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
b) BSM Sahabat
BSM Sahabat is member get member program,
where the participants invite others to register as
BSM customers. Program participant (referee)
will receive cash incentive based on volume of
referred customers fund. BSM Sahabat also
becomes word of mouth based marketing.
h) Hajj Pilgrim Gathering through KHIH and
PIHK
In 2013, BSM held hajj pilgrim gathering through
KBIH and PIHK at 100 Branch Offices and 150
Supporting Branch Offices. In its implementation,
BSM prioritized gathering event at hajj and umra
pilgrim potential branches.
i)
BSM You & Friends Program
BSM You & Friends Program is a new customers
acquisition program of BSM Priority under
referreal scheme. Every BSM Priority customer
who gives reference or Referred BSM Priority
New Customer with fund deposit minimum to
Rp250 million will received voucher as reward.
j)
Direct Sales Force
Direct Sales Force program is a retail customer
acquisition program held by recruiting
employees who hold a potential to collect fund or
acknowledged as Sharia Funding Executive.
c) BSM Mitra Kerja
BSM Mitra Kerja is a community program in
cooperation with BSM.
d) BSM Fantasi
BSM Fantasi is a direct gift program. The
program is applied for saving product
(BSM Saving, BSM Simpatik Saving, BSM
TabunganKu) and BSM Current Account.
e) BSM Prima Current Account
BSM Prima Current Account is a transaction
fee assistance facility for BSM Current Account
customers with certain average balance
requirement. BSM Prima Current Account is
mainly dedicated to traders community who are
sensitive against bank’s transaction fee.
f) BSM Rejeki Sembako (BSM Direct Gift)
B.Financing
BSM Rejeki Sembako includes direct gift
program with specific gift, groceries package
(Sembako). The program is only applied for BSM
Saving new account registration.
1. Financing per scheme, such as Murabahah,
Mudharabah, Musyarakah and other financings.
2. Financing per economy sector, such as
agriculture, mining, manufacturing, electricity, gas,
water, construction, trading, transportation and
communication, business service, social service and
other sectors financing.
3. Financing per segment such as corporate,
commercial, small, micro and consumer financing
g) Overseas Marketing
Overseas marketing is BSM initiative to generate
Indonesian Workforce account registration
aboard, mainly in countries wehere BSM has
working partners (remittance or SFE).
Annual Report 2013
Throughout 2013, BSM has disbursed financing for all
business segment amounting to Rp50.46 trillion, grew
by Rp5.70 trillion or 12.75% from total financing in2 012
which was Rp44.75%. BSM financing product is classified
into several groups, as follows:
134
PT Bank Syariah Mandiri
BSM Financing Growth 2009 – 2013 period
description
Financing
(in Rp billion)
2009
2010
2011
2012
2013
16.063
23.968
36.727
44.755
50.460
BSM Financing
Rp Miliar
50.000
Growth
Nominal
%
5.705
12,75
50.460
44.755
45.000
40.000
36.727
35.000
30.000
23.968
25.000
20.000
15.000
16.063
10.000
5.000
0
2009
Financing and Composition
a. Financing per Scheme
2011
2010
In 2013, financing portfolio was still dominated by
financing under murabahah scheme amounted to
Rp33.21 trillion or 65.81% from total BSM financing
portfolio, increased from financing portion under
murabahah scheme as end of 2012 which was
Rp27.55 trillion or 61.56% to total BSm financing
portfolio. Meanwhile, financing portion under
musyarakah scheme reached to Rp7.34 trillion or
14.54%, increased of compared with end of 2012
which was Rp6.34 trillion or 14.16%. Financing
composition under mudharabah and other schemes
booked a decrease from previously 9.55% and 14.74%
as end of 2012 to 7.75% and 11.90% as end of 2013.
PT Bank Syariah Mandiri
135
2012
2013
b. Financing per Economy Sector
Growth of financing on several economy sectors
booked an increase such as for electricity, gas and
water by 45.83%, business service by 31.36%,
mining by 26.33%, transportation & communication
by 12.95%, industry 3.43%, trading 3.36%, and other
sectors by 11.37%.
Meanwhile, growth of agriculture, construction and
social service sector slightly decreased by 5.01%,
8.41% and 1.05%.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
c. Financing per Segment
As end of 2013, corporate financing reached to
Rp12.41 trillion with 24.61% contribution. The
composition was lower if compared with corporate
financing portion in 2012 which was 22.34%.
Financing per scheme for 2012 – 2013 period
(in Rp million)
2012
description
2013
Nominal
Share (%)
Nominal
Share (%)
Murabahah
27.549.264
61,56
33.207.376
65,81
Mudharabah
4.273.760
9,55
3.908.764
7,75
Musyarakah
6.336.769
14,16
7.338.125
14,54
others
total financing per scheme
6.595.015
14,74
6.006.170
11,90
44.754.808
100,00
50.460.435
100,00
Financing per Economy Sector
No
Description
1
Agriculture
2
Mining
3
Manufacturing
(in Rp million)
2012
2013
Nominal
Growth
Nominal
Share (%)
1.727.718
3,86
1.641.195
Share (%)
3,25
Nominal
(86.523)
-5,01
%
455.698
1,02
575.694
1,14
119.996
26,33
2.188.967
4,89
2.264.139
4,49
75.172
3,43
4
Electricity, Gas and Water
758.593
1,69
1.106.287
2,19
347.694
45,83
5
Construction
3.243.536
7,25
2.970.735
5,89
(272.801)
-8,41
6
Trading
4.832.779
10,80
4.995.222
9,90
162.443
3,36
7
Transportasi & Communication
1.731.000
3,87
1.955.140
3,87
224.140
12,95
9.293.456
20,77
12.207.762
24,19
2.914.306
31,36
897.829
2,01
888.373
1,76
(9.456)
-1,05
8
Business Service
9
Social Service
10
others
19.625.232
43,85
21.855.888
43,31
2.230.656
11,37
Total
44.754.808
100,00
50.460.435
100,00
5.705.627
12,75
In 2013, commercial financing reached to Rp7.56
trillion with 14.99% portion, decreased if compared
with commercial financing portion booked in 2012
which was 17.37%. Micro and small business
financing realization in 2013 reached to Rp8.6 trillion
with 17.08% portion, increasing if compared with
micro and small business financing booked in 2012
which was 16.44%.
Annual Report 2013
136
In 2013, financing consumer reached to Rp21.85
trillion with 44.31% portion, higher if compared with
consumer financing realization in 2012 which was
43.85%.
PT Bank Syariah Mandiri
Financing per Segment
No
1
Description
(in Rp billion)
2012
Nominal
2013
Share (%)
Nominal
Growth
Share (%)
Nominal
%
2.419.091
24,19
10.000.429
22,34
12.419.520
24,61
Commercial (medium)
7.773.363
17,37
7.566.735
14,99
(206.628)
-2,66
Micro and Small Enterprise
7.355.784
16,44
8.618.293
17,08
1.262.508
17,16
19.625.232
43,85
21.855.887
44,31
2.230.655
11,37
44.754.808
100,00
50.460.435
100,00
5.705.627
12,75
Corporate
2
3
4
Consumer
Total
The Bank’s financing segmentation classification was
stipulated based on:
1. Primary Indicators
2. Secondary Indicators with priority based
on Gross Annual Sales (GAS) which later as
customers lending limit.
Financing Segmentation Classification
No
1
2
Segmentation
Mikro
Small
Secondary Requirement
Primary Requirement
program financing (limit to Rp100
million)
1. Micro Financial Institution (KJKS,
BMT)
2. BPRS
3. Cooperative on productive purpose
4. program financing (limit exceeding
Rp100 million)
5. Financing under partnership
scheme
6. Company with GAS to Rp10 billion
GAS
Limit
-
to Rp100 million
to Rp10 billion
> Rp100 million to Rp1.5 billion
> Rp10 billion to Rp150 billion
> Rp1.5 billion to Rp30 billion
3
Commercial
1. ROE and Subsidiary
2. Local Government/Agency
3. Educational Institution
4. Hospital/Clinic
4
Corporate
1. SOE and Subsidiary
2. Non-Ministerial State Agency
>Rp150 billion
>Rp300 billion
Retail
1. Cooperative for consumer purpose
2. Multifinance under channeling
scheme for consumer purpose
3. Consumer Financing
-
-
5
PT Bank Syariah Mandiri
137
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Description of financing per business segment is as
follows:
financing accelerator. Regarding the prudential
banking will be continuously regarded as
principal for BSM.
1) Corporate Financing
Realization of BSM support in bringing national
sharia banking growth to higher level is by assisting
corporate customers business expansion throughout
financing both for investment and working capital on
major industry sectors with positive growth record
and complies with the bank’s risk appetite.
BSM proactively conducted sustainable
communication and more intensive visit to corporate
customers as an effort to maintain corporate
financing customers continuity that any potential
issue will be immediately deteceted and settled
appropriately.
2) Commercial (Medium) Financing
a) Corporate Financing Growth
In 2013, BSm had disbursed corporate financing
to Rp2.41 trillion or grew by 24.19% from prior
Rp10 trillion in 2012 to Rp12.41 trillion as end of
2013.
Corporate financing is dedicated for business
and working capital development and integration.
Focus of corporate financing is targeted to
3 (three0) major sectors such as business
service sector to Rp12.20 trillion or 24.19%,
trading sector to Rp4.99 trillion or 9.90% and
construction sector to Rp2.97 trillion or 5.89%.
b) Special and Syndicated Loan
In 2013, BSM carried Corporate Plan 2011 – 2015
project. One of the implemented project was policy
shifting on commercial financing segmentation
criteria which had been prepared in 2012. Carrying
the policy changing, there was a shifting on
commercial financing position at BSM from previously
Rp3.74 trillion as end of 2012 to Rp4.15 trillion at
the beginning of 2013. The growth was contributed
from corporate segment to commercial segment
shifting reaching to Rp479.25 billion, the shifting on
small commercial to commercial segment reached to
Rp64.7 billion and commercial to small commercial
segment shifting reached to Rp130.49 billion.
Throughout 2013, BSm realized commercial
financing growth to Rp1.33 trillion or grew by 23.47%
from commercial financing growth realization which
arrived at Rp1.08 trillion.
a) Objective of Commercial Financing Disbursement
To support corporate financing, BSM disbursed
sound financing through sharia syndicated
financing and club deal and built professional
agency to contribetu on BSM fee based income
growth. Throughout the syndicated loan, BSM
is expected to take part as sharia banking
syndicated financing and significant fund
Annual Report 2013
In 2013, BSM disbursed syndicated loan with
Rp519 billion or 46.80% growth from previously
Rp1.10 trillion in 2012 to Rp1.62 trillion in 2013.
Amid tight business competition, BSm seeks to
achieve the target. In relatively young ages, the
Bank’s contribution shall not be underestimated
as well as BSM contribution for Sharia
Bankingindustry particularly on syndicated loan
realization.
138
Composition of financing disbured by BSM
based on its realization purpose was classified
on working capital and investment purpose. In
2013, BSM commercial financing was mostly
disbursed for investment purpose to 63.18%,
while 36.82% was disbursed as working capital.
The composition was different from 2012 where
BSM commercial financing was mostly used for
PT Bank Syariah Mandiri
enterprise becomes challenge and opportunity to
increase financing portfolio in respective segment.
investment purpose at 52.51% and 47.49% used
as working capital
b) Commercial Financing Scheme
In 2013, Commercial financing customers
NPF reached to Rp328.7 billion, improving if
compared with NPF realization in 2012 which
was Rp136.9 billion. The position contributed
6.07% from total BSM commercial financing,
improving from 2012 which was 3.66% from total
BSM commercial financing.
3) Micro and Small Enterprise Financing
BSM assumes amount of small enterprise units
indicated huge effort to be carried in empowering
the segment, also as an opportunity to increase
financing portfolio in respective segment. Numbers of
lication, sector and community related with financing
economic scale. Aforementioned condition shall be
treated positively by carrying developmental initiatvey
by banking players.
To cater small segement customers which often
burden by limitation of the segment’s enterpreneurs,
both from internal and external factors. Internal factor
refers to inadequate knowledge and insight to access
the bank’s financing,as well as limited collateral and
equity which able to pe provided by small enterprise.
External factor refers to significant mismatch between
financing scheme with small customer needs. On
the other hand, the bank’s infrastructure is often
not-ready to cover small enterprise spread all over
Indonesia.
In overcoming such burden, strategies carried by
BSm to increase small enterprise financing portfolio
are namely as follows:
BSM disbursed commercial financing on several
economy sector. In 2013, BSM commercial
financing was dominated by Business Service
sector at 24.91%. The domination was relatively
equal with financing disbursement in 2012 which
was dominated by business service at 25.87%.
d) Non-Performing Commercial Financing
c) Commercial Financing on Economy Sector
BSM commercial financing composition based
on its realization scheme was classified into
2 major scmees which were murabahah,
musyarakah including Revolving Fund Financing
(PDB). In 2013, realization of financing under
murabahah scheme was 62.09% from total
commercial financing, relatively equal with 2012
realization which was 61.77%. Financing under
musyarakah scheme reached to 22.70% from
total commercial financing. Meanwhile, PDB
Musyarakah financing reached to 13.64% in
2013.
To support economic growth on real sector and assist
the Governmetn in preparing workforce, BSM has a
commitment to disburse financing for small and micro
enterprises. The importance in empowering small
PT Bank Syariah Mandiri
139
Throughout 2013, BSM disbursed small enterprise
financing with Rp821 billion or 18.64% growth from
Rp4.40 trillion as end of 2012 to Rp5.22 trillion as end
of 2013.
1.
Increasing small customers and linkage partner
capacity building to be able and developed to
serve small customers. To increase linkage
partner capacity building mainly LKMS, BSM
cooperates with several LKMS supporting
agencies in providing training, assistance and
supervision.
2. Entering financing program cooperation with
the Government to acquired financing, liquidity
or other facilities to boost financing for small
segment.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Small Segment Financing(in Rp billion)
Description
KUR
DNS KLH
Small Commercial
Others
Total
2012
Nominal
2013
Share (%)
Share (%)
35,25
1.387
26,55
32
0,73
41
0,78
2.524
57,32
3.789
72,53
295
6,70
7
0,13
4.403
100,00
5.224
100,00
3. Entering partnership scheme where BSM acts
as small enterpreneurs facilitator with major
enterpreneurs under Core Partnership Scheme,
where the core company guarantees the market
and technology assistance.
4. Developing technology based small financing
montiorign system to provide effectiveness and
reduce financing monitoring cost.
Type of investment financings which are eligible
to be supported under this scheme are:
a) Pollution prevention equipment; Clean
Production Equipment; Energy Efficiency and
Technology Development; Ozon Protection
Equipment.
b) Recycle industry which reders to every
equipment to save natural resources and
reduce waste (Recycle of waste, plastic,
metal and timber).
c) End-of-pipe technologies:
Waste water management installation; air
pollution controlling installation; garbage
management installation.
d) Laboratory Tools
Emission analysis equipmet to repair motor
vehicle.
e) Laboratory Tools for environmental quality
analysis
Environmental friendly raw material
usage and environmental friendly industry
certification.
a) Small Financing Scheme
Nominal
1.552
As a sharia bank with affirmative mission for small
economy segment, Bank Syariah Mandiri (BSM)
attempts to raise its participation in empowering
small enterprise throughout various financing scheme
both commercial and program.
Program financing disbursed by BSM is a
cooperation between BSm with several Government
Institution such as Coordinative Ministry of Economy,
Ministry of Agriculture and Ministry of Environment.
Program financing scheme managed by BSM in
2013, consisted of:
1. Financing with DNS – KNLH fund refers to
partnership between BSM and Ministry of
Environment (KNLH) to fnance micro and
small neterprises by applying Debt for Natura
Swap (DNS) on environmental sector. The
DNS – KNLH financing realization is generally
for investment financing. Total fund/plafond
managed by BSM on this financing is Rp83.39
billion, with financing outstanding to Rp41 billion.
Annual Report 2013
2. Special financing on agriculture sector by
utilizing SP-3 (Agriculture Financing Service
Scheme) facility. Under the financing scheme,
being the cooperation between BSM and
Ministry of Agriculture to assist farmers/farmer
group with feasible but not bankable business
due to inadequate collateral by providing risk
allowance and financing guarantee service
140
PT Bank Syariah Mandiri
Director of BSM, Hanawijaya (fifth from
left) after speaking at Umma Economy
Development Seminar on January 10,
2013. BSM continuously supports Micro &
SME growth as part of a commitment in
improving society’s welfare.
payment. The utilization of SP-3 financing is
for investment and working capital financing
targeting farmers/breeders on small business
scale. Total disbursed plafond on SP-3 program
financing reached to Rp276.62 billion for 1,601
customers. Total Sp-3 program customers had
been matured or claimed in 2013. As end of
2013, from SP-3 fund program of Rp110 billion,
only Rp2.9 billion of SP-3 Program Fund claimed
to cover loss-classified financing. SP-3 Financing
is dedicated for farmers/breeders as customers
who have business on food plants, horticulture,
livestock and or plantations which namely
classified as
a) Individual;
b) Groups/Business Group;
c) Legal Entity or Non-Legal Entity Group.
3. Financing under Micro Loan (KUR) Program
which is Government of RI Guarantee Program
as the realization of Inpres No. 6 of 2007 to
increase financing access and deelop small,
medium and cooperative business to elevate/
eradicate poverty and broaden working
opportunity. BSM is the only Sharia Bank who
participates on the program. Total BSM KUR
disbursement and financing in 2013 reached to
Rp874.75 billion for 15,964 customers.
PT Bank Syariah Mandiri
141
b) Micro Enterpreneurs Financing
BSM micro shop is a financing service at branch
and supporting branch office for micro category
customers. Maximum plafond provided to the
custoemrs through BSM micro shop is Rp100 million
based on current micro business maximum demand.
As end of 2013, Micro Shop Outlet had been opened
to 457 Outlets spread all over Indonesia.
In 2013, BSM disbursed financing through micro
shop with growth reaching to Rp622 billion from
Rp1.59 trillion in 2012 to Rp2.37 trillion as end of
2013.
Main target of Micro Shop market is individual/
business who needs investment/working capital
financing to Rp100 million for productive activity.
The example of this category customers are
traders at traditional market, motorcycle workshop
business, household industry, haberdasher and other
customers.
Based on Financing Procedure, Micro Shop also
may finance multipurpose financing to Rp100 million.
Micro financing product and requirement are adjusted
with the micro business characteristic.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Presently, micro business has 5 product
classification, such as:
1. Tunas Financing (plafond from Rp2 million to
Rp10 million).
2. Madya Financing (Plafond > Rp10 million to
Rp50 million)
3. Utama Financing (Plafond > Rp50 million to
Rp100 million)
4. Micro Shop KUR Financing (maximum plafond to
Rp20 million)
5. Multiguna Financing (maximum plafond to Rp50
million)
Throughout 2013, BSM gold pawn financing booked
17% or Rp1.23 trillion decrease, from Rp1.05 trillion
to Rp1.23 trillion. The outstanding growth was
followed by Pawn FBI growth to 37.8% or Rp59
billion to Rp215 billion as of December 2013.
As of December 2013, total BSm gold pawn outlet
reached to 393 outlets, increased from previous year
which was 353 outlets as end of 2012. Moreover,
BSM also conducted outlet remapping or relocation
at BSM office network, which less-strategic 35 outlets
location closed and relocated to more strategic
locations.
1. Alliance with Strategic Partners
Through Micro Shop service, micro enterpreneurs
business access is expected to have wider access to
BSM financing service.
c) BSM Gold Pawn Financing
2013 become challenging year for national gold
Pawn business. Besides prolonged impact of Bank
Indonesia Circular Letter No. 14/7/DpbS dated
Februry 29, 2012 issuance on Gold Guaranteed Qard
Product for Sharia Bank and Sharia Business Unit,
stated several restriction on Sharia Banking gold
pawn business, also accompanied by less conducive
economic situation indicated by fluctuative with
decreasing trend gold price.
To expand pawn network coverage, BSm opened
distribution channel with third parties. In 2013, BSM
succeeded in realizing partnership with several
partners (PT Pos Indonesia, Bank Mandiri, Bank
Sinar Harapan Bali). As of December 2013, total
BSM gold pawn outlets which had been operated
reached to 40 outlets, comprised of 31 outlets at
PT Pos Indonesia, 4 outlets at bank Mandiri and 4
outlets at BSHB Bank.
2. Business Development Program
BSM initiatied several programs to increase pawn
financing portfolio, namely through:
Micro Enterprise FInancing Description
(In Rp billion)
2012
2013
Nominal
Share (%)
Linkage Program
1.558
42,31
1.934
41,58
Warung Mikro
1.751
47,56
2.373
51,02
Micro KUR
213
5,78
215
4,62
KUR Linkage
160
4,35
129
2,77
3.682
100,00
4.651
100,00
Total
Annual Report 2013
142
Nominal
Share (%)
PT Bank Syariah Mandiri
4) Consumer Financing
a) Sahabat Emas Program as a program dedicated
for individual who refers a customer to conduct
pawning at BSM.
b) Special Program. BSM gold pawn offers
various program in 2013, namely: Kejutan Awal
Program, Edu-Emas Program, BSM Ketupat
Emas Merdeka & Rejeki Milad Program. The
Programs provided benefit for the program
participants namely by obtaining pawning fee
ease, souvenir or other gifts.
3. BSM Gold Installment Product
To equip gold-based service, BSM launced BSM
Gold Installment product in March 2013. This refers
to a service of gold ownership financing under
installment scheme. This as the action plan of Bank
Indonesia Regulation No. 14/16/DPbS dated May
31, 2012 on Gold Ownership Financing Product for
Sharia Bank & Sharia Business Unit.
One of BSM business which is developed and marketed
to meet public demands is Consumer Financing.
Consumer Finacning provided positive contribution for
financing growth on overall BSM business. In 2013,
decelerated national economy condition brought an
impact on consumer financing growth.
In 2013, BSM disbursed consumer financing with Rp1.52
trillion or 9.76% growth from Rp15.64 trillion as end
of 2012 to Rp17.16 trillion as end of 2013. Consumer
financing contribution to total BSM financing reached to
34.17% from 35.14% as end of 2012.
Consumer financing growth throughout 2013 was
contributed by B2C based financing product, namely:
1.
2.
3.
4.
As of December 2013, BSM Gold Installment portfolio
reached outstanding of Rp68 billion.
Retirement Financing (139%)
Mortgage Financing (68%)
Medical Equipment Financing (53%)
Vehcile Financing (3%)
Consumer Financing Portion
Financing Type
(in Rp)
2012
2013
Outstanding
Portion
Outstanding
Portion
13.849.683.366
0,09%
21.180.729.823
0,12%
Implant
5.245.382.933.122
33,54%
5.627.888.854.622
32,79%
Vehicle
258.568.273.016
1,65%
265.967.216.739
1,55%
1.133.296.689.417
7,25%
350.695.705.976
2,04%
43.398.723.328
0,28%
103.573.182.508
0,60%
Housing
4.208.306.286.628
26,91%
7.072.144.383.703
41,20%
Cooperative
3.876.588.217.430
24,79%
2.978.083.449.057
17,35%
Medical Equipment
Other Consumer
Retirement
Multifinance
860.060.085.229
5,50%
746.196.912.939
4,35%
Grand Total
15.639.450.891.536
100,00%
17.165.730.435.368
100,00%
PT Bank Syariah Mandiri
143
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
Consumer financing (Non-Performing Financing)
quality to total BSM financing grew from 0.72% in
2012 to 1.15% in 2013.
B2C consumer financing disbursement scheme
applies Consumer Financing Business Center
(CFBC) as distribution channel to end user.
Consumer financing contribution for each segment in
2013, as follows:
1. Mortage/House Financing
House and apartment ownership/renovation
financing facility. Mortgage contribution reached
to Rp7.07 trillion or 41.20% from total consumer
financing.
2. Retirement Financing
Financing facility for pensioners with monthly
retirement benefit. Retirement financing
contribution reached to Rp103.57 billion or
0.60% from total consumer financing.
6. Financing fro Employees Coopeartive for the
Members (PKPA)
Financing facility disbursed by the bank to
employees cooperative to meet consumer
demand of the members (collectively) by
proposing financing to employees cooperative.
Coopeartive financing contribution to the
members reached to Rp2.98 trillion or 17.35%
from total consumer financing.
7. Multifinance
Car and motorcycle ownership financing
disbursed to end user under partnership
with multifinance company. The multifinance
contributed Rp746.19 billion or 4.35% from total
consumer financing.
C. Treasury and International Banking
3. Vehicle/Auto Financing
Car and motorcycle ownership financing facility.
Vehicle financing contribution reached to
Rp265.96 billion or 1.55% from total consumer
financing.
The realization is supported by transaction servie at
branch offices and highly competitive remittance fee.
Rupiah currency convertion against several foreign
currency rate was referring to spot market rpice on
money market and prepared by dealing room. Bank
Syariah Mandiri actively performed transaction in
seven foreign currencies which were USD, EUR, JPY,
SGD, AUD, SAR & HKD.
4. Medical Equipment Financing
Financing facilty for medical profession sector
to purchase any good/service which does not
violate sharia principle. Medical equipment
financing contribution reched to Rp21.18 billion
or 0.12% from total consumer financing.
5. Implan Financing
Consumer financing facility provided by the
bank to the Government Institution or private
company permanent employee. Implan financing
contribution reached to Rp5.62 trillion or 32.79%
from total consumer financing.
Annual Report 2013
Alhamdulliah, Bank Syariah Mandiri keeps recording
positive growth on remittance transaction. Throughout
2013, Fee-Based Income (FBI) from remittance grew
by 47% generated both from outgoing and ingoing
transaction.
144
Remittance incoming significantly grew mainly on
remittance from Malaysis athrough D.U.I.T. (fund for
beloved Indonesia) transfer product. The product
excellence is able to be carried in online real time
manner. Othe benefit is service availability for the
PT Bank Syariah Mandiri
recipient who does not have any account in the bank.
The recipient may withdraw the money on nearest
Post Office by witnessing identity card and money
remittance code which had been sent in advance
through mobile phone.
Outgoing remittance was mostly supported by
BSM Foreign Currency Transfer who contributed
Rp5 billion FBI contribution. The transaction was
still dominated by USD currency for domestic and
international remittance address. Ahead, BSM
will continue to expand in increasing outgoing
transaction with 40% growth target.
BSM also serves remittance transaction through
Western Union which provides convenience for cash
to cash remittance customers with domestic/overseas
destionation.
Challenge of export at BSM is to provide
convenience to the customers due the absence of in
transit interest type during the L/X sight negotiation
process.
Commodity importing tax (PIB) revenue transaction
at BSM provides a convenience for the customers
from rapid reporting process to State Cash and
Custom. In 2013, fee based income achieved Rp3.3
billion. Support form more than 200 correnspondence
banks worldwide provided best service to BSM
customers. The commitment of correspondence
banks in providing trade line facility was mostly stable
if compared with previous year after concerning BSM
solid performance throughout 2013.
PT Bank Syariah Mandiri
145
L/C Usance Payable at Sight (UPAS) is a prime
products to carry commodity importing transaction
required by the customers. Several goods imported
in 2013 including heavy equipment, forklift, carbonate
steel, steel pipe, compressor, telecommunication
device, chemical industry raw material, spare parts,
generator and printer. The importer customers may
enjoy this facility to meet commodity importing needs
with relatively low cost that BSM provides L/C UPAS
facility in cooperation with several banks aboard which
have been widely acknowledged. The partnership is
considerd mutually beneficiary that will bring positive
impact for BSM customers
SAR bank note provision is available at BSM branch
office. BSm as the second largest bank from 21
banks both conventional and sharia bank who
handles hajj activity, also provides SAR note for hajj
pilgrim candidate with certain demands. During the
hajj pilgrimage season in 2013, BSM SAR service
outlets were opened at various hajj embarkation
nationwide. BSM provided SAR bank not from the
smalles nominal of SAR 1 to SAR 100.
Annual Report 2013
OPERATIONAL REVIEW
(Per Business Segment)
BSM Director, Hanawijaya at MOU
document handing ceremony with PT
Karina Buana on February 14, 2013.
Strategic partnership is continuously
developed between BSM and all of
business entity as part of the effort to
achieve target.
D.
Fee Based Income
2. Hajj Fee
As end of 2013, fee based income (pure FBI)
realization grew to Rp922.80 billion, or by Rp39.65
billion or 4.50% from 2012 which arrived at Rp883.15
billion. The growth was supported by growing
operational fee by Rp57.68 billion, pawn fee which
grew by Rp33.70 billion, international banking fee
which grew by Rp13.15 billion, syndicated and bonds
fee which grew by Rp7.81 billion and remittance fee
which grew by Rp1.88 billion.
Hajj fee realization reached to Rp376.93 billion in
2013, lower by Rp67.84 billion or negative 15.25%
from hajj fee realization in 2012 which was Rp444.77
billion. Hajj fee component contribeud 40.85% to total
FBI realization.
3. Operational Fee
Description on Fee Based income (Pure) is as
follows:
1. Pawning Fee
Pawn component realized fee amounted to Rp192.85
billion in 2013, grew by Rp33.70 billion or 21.17%
from fee realization in 2012 which was Rp159.15
billion. Pawning fee component contributed 20.90%
from total FBI realization.
Annual Report 2013
4. International Banking Fee
146
Operational fee realization reached to Rp254.67
billion in 2013, grew by Rp57.68 billion or 29.28%
from fee booked in 2012 which was Rp196.99 bllion.
Operational fee component contributed 27.60% to
total FBI realization.
International Banking Fee realization reached to
Rp69.06 billion in 2013, grew by Rp13.15 billion
or 23.52% from fee booked in 2012 which was
Rp55.91 billion. International banking fee component
contributed 7.48% from total FBI realization. The
largest international banking fee contributor were
generated from spot transaction currency mismatch
fee (Rp28.57 biillion) and SKBDN (Rp15.33 billion).
PT Bank Syariah Mandiri
5. Micro Financing Fee
Micro financing fee realization reached to Rp0.29
billion in 2013, lower from micro financing fee booked
in 2012 which reached to RP7.02 billion. Micro
financing fee component contributed 0.03% to total
FBI realization.
7. Remittance Fee
Remittance fee realization reached to Rp4.19 billion
in 2013, grew by Rp1.88 billion or 81.36% from fee
booked in 2012 which was Rp2.31 billion. Remittance
fee component contributed 0.45% to total FBI income
realization.
6. Syndicated and Bonds Fee
Syndicated and bonds fee realization reached to
Rp24.81 billion in 2013 or grew by Rp7.81 billion
or 45.94% from fee booked in 2012 which was
Rp17 billion. Syndicated and bonds fee component
contributed 2.69% from total FBI realization.
Tabel Fee Basde Income 2012 – 2013 Period
FBI
2012
2013
Growth
Nominal
(in Rp billion)
Contribution
%
%
Pawning
159,15
192,85
33,70
21,17
20,90
Hajj
444,77
376,93
-67,84
-15,25
40,85
Operational
196,99
254,67
57,68
29,28
27,60
55,91
69,06
13,15
23,52
7,48
International Banking
Micro Financing
Syndicaed and Bonds
Remittance
Total
PT Bank Syariah Mandiri
7,02
0,29
-6,73
-95,87
0,03
17,00
24,81
7,81
45,94
2,69
2,31
4,19
1,88
81,39
0,45
883,15
922,8
39,65
4,49
100,00
147
Annual Report 2013
FINANCIAL
REVIEW
Mangement Disucssion and
Analysis
on the Bank Performance
In 2013, BSM booked Comprehensive
Income to Rp651 billion, slightly lower
from 2012.
The decrease was mainly contributed
from decrease in assets quality and
increasing cash provision.
Annual Report 2013
148
PT Bank Syariah Mandiri
East Java - Kuda Luping art performance
PT Bank Syariah Mandiri
149
Annual Report 2013
FINANCIAL
REVIEW
B
1. Assets
SM booked decrease in Net Income by Rp154.45 billion
or 19.17% from previously Rp805.69 billion in 2012 to
Rp651.124 billion in 2013.
BSM recorded assets growth to Rp9.74 trillion or 17.95%
from prior Rp54.23 trillion in 2012 to Rp63.97 trillion in 2013.
Total Deposit collection grew by Rp9.05 trillion or 19.09% from
previously Rp47.41 trillion in 2012 to Rp56.46 trillion in 2013.
The financing disburseent grew by Rp5.71 trillion or 12.75%
from Rp44.76 trillion in 2012 to Rp50.46 trillion in 2013.
During 2012 – 2013 period, total assets of BSM
grew from Rp54.23 trillion in 2012 to Rp63.96
trillion in 2013 or averagely rose by 17.95%.
Following are general management discussion and analysis
on BSM business trend in 2013 period. The discussion is
presented by referring to Financial Statements for fiscal year
2013 as audited by Ernst & Young Public Accountant Office
with Unqualified Opinion.
a. Fixed Assets
A.Financial Report Position Trend Assets of BSM comprises of earning and
non-earning assets. BSM earning assets are
namely Financing and Bank Indonesia Syariah
Certificate, FABSIS and SBSN Reverse Repo.
While, Non-earning assets comprised of
Foreclosed assets and suspense account.
Continuous growth and profit of the bank’s business
constitue BSM preserved mission. The initiative which
has been carried by BSM is by managing assets and
liabilities profoundly, prudently and optimally. Carrying
respective principle, BSM has adequated capacity to fulfill
every liability timely, maintaining liquidity and generating
adequate revenue in acceptable risk level.
Total fixed assets of BSM as of December
31, 2013 amounted to Rp788 billion, grew by
Rp44 billion or 5.9% from end of 2012 which
arrived at Rp744 billion. In 2013, increase in
fixed investment was booked concurrently
with BSM network expansion to cover
economic centers nationwide.
Table of Financial Position Report
(in Rp billion)
Description
2009
2010
2011
2012
2013
Assets
22.037
32.482
48.672
54.229
63.965
Earning Assets
Placement with SBIS, FASBIS and SBSN Reverse
Repo
Financing
21.299
30.744
44.918
50.640
58.947
2.381
3.412
4.850
3.125
5.918
16.063
23.968
36.727
44.755
50.460
3.273
5.010
7.041
9.169
11.029
Liabilities
Temporary Syirkah Fund
16.963
25.251
37.858
40.380
47.574
Issued Securities
200
200
700
500
500
Third Party Fund
19.338
28.998
42.618
47.409
56.461
a. Current Accounts
2.591
4.015
4.669
6.434
7.525
b. Saving Accounts
7.163
9.873
14.424
19.148
22.101
c. Time Deposit
9.584
15.110
23.525
21.827
26.834
Equity
1.600
2.021
3.073
4.181
4.862
Annual Report 2013
150
PT Bank Syariah Mandiri
b. Earning Assets
d. Placement with Bank Indonesia
Growing total assets of BSM was contributed
by earning assets as indicated from earning
assets to total assets composition by
92.16%. Total earning assets value grew
by Rp8.30 trillion or 16.40% from Rp50.64
trillion in 2012 to Rp58.94 trillion in 2013.
Pencapaian Kualitas Aset Produktif, Cash
Penyisihan Penghapusan Pembiayaan,
dan Cash Penyisihan Penghapusan Aset
Produktif selama tahun 2013:
1)
2.
3.
4.
5)
NPF Gross from 2.82% to 4.32%.
NPF Net from 1.14% to 2.29%.
Available/Mandatory PPAP Ratio from
110.08% to 106.37%.
Earning Assets Cash Provision from
101.19% to 70.07%.
Financing Cash Provision from
100.06% to 70.07%.
Current Accoutnts with Bank Indonesia
position as of December 31, 2013 reached
to Rp3.24 trillion or grew by 44.64% from
current accoutns position as end of 2012
which arrived at Rp2.24 trillion. Percentage
of Rupiah Minimum Statutory Reserves
(GWM) in 2013 booked at 5.22%, higher
if compared with GWM position as end of
2012 which was 5.06%. Foreign currency
GWM percentage in 2013 booked at 14.66%,
higher if compared with position as end of
2012 which was 1.22%.
Bank Indonesia Syariah Certificate (SBIS)
position as of December 31, 2013 arrived at
Rp100 billion from SBIS position as end of
2012 which was null (0). The increase was
due BSM invested fund on high-yield earning
assets.
Table of BSM Earning Assets Growth for 2009 – 2013 Period
(in Rp Billion)
Description
2009
2010
2011
2012
2013
Financing
16.063
23.968
36.727
44.755
50.460
Securities
2.024
2.183
2.190
1.896
1.517
SBIS, FASBIS and Reverse Repo SBSN
2.381
3.412
4.850
3.183
5.918
Placements with Other Banks
492
721
767
441
744
Off-Balance Sheets
339
460
384
365
308
21.299
30.744
44.918
50.640
58.947
Total Assets/Earning
c. Cash
Cash position as of December 31, 2013
reached to Rp1.44 trillion or grew by 30.42%
from cash position as end of 2012 which was
RP1.11 trillion..
Bank Indonesia Syariah Certificate (SBIS)
and Bank Indonesia Syariah Deposit Facility
position as of December 31, 2013 booked at
Rp5.50 trillion or grew by Rp2.37 trillion from
end of 2012 which was Rp3.13 trillion.
The hike took plice on major fund deposited
at BSm both from time deposit, current
accounts or savings products
PT Bank Syariah Mandiri
151
Annual Report 2013
FINANCIAL
REVIEW
e. Current Accounts and Placements with
Other Banks
Current Accounts with other banks position
as of December 31, 2013 booked at Rp687
billion, grew by Rp416 billion or 153.51%
from Current Accounts with other banks
position in 2012 which arrived at Rp271
billion.
Placements with other banks was lower by
Rp120 billion or -70.59% from Rp170 billion
in 2012 to Rp50 billion in 2013.
Placement with other banks was also
realized taking form as time deposit and
interbank mudharabah investment certificate
(SIMA).
financing portfolio portion.
The realization becomes BSM Commitment
to develop small and medium industry sector
by continuously increases financing portion
for Micro and SME Loan.
h. Written-off financing
in 2013, BSM conducted financing write-off
to Rp717 billion. The amount was higher
from 2012 which was Rp171 billion. Writtenoff financing prior to 2012 and had been
received in 2013 was amounting to Rp134
billion.
Total Written-off Financing for 2012 -2 013 Period
(in Rp billion)
f. Investemnet with Securities
Investement with securities position as
of December 31, 2013 booked at Rp1.52
trillion, decreased by Rp379 billion or
-19.99% from investment with securities in
2012 which was Rp1.46 trillion.
Description
2012
2013
Initial Balance
855
920
Write-Off
171
717
Re-gain
106
134
End Year Balance
920
1.503
i.
g. Financing
Financing as of December 2013 reached to
Rp50.46 trillion or grew by 12.75% or Rp5.71
trillion from position as of 2012 which arrived
at Rp44.76 trillion. The financing growth was
followed by growing Micro & SME loan
Financing Quality
Classified Earning Assets to Earning Assets
(APYD/AP) as of December 31, 2013
reached to 4.14% from previous ratio at
3.00% as end of 2012. Previous NPF gross
ratio was 2.82% as end of 2012 to 4.32%
in 2013. So that the NPF net ratio which
previously booked at 1.14% as end of 2012
to 2.29% as end of 2013.
Table of Securities Based on Maturity 2013
Description
Less Than 1 Year
1 – 5 Years
More than 5 Years
Total
Measured on
Acquisiton Cost
(in Rp)
Measured on Fair
Value
Available for Sale
27.379.908.870
26.405.293.949
1.110.823.416.027
26.405.293.949
Annual Report 2013
53.785.202.819
3,55%
35.361.055.150
1.146.184.471.177
75,56%
317.000.171.503
20,90%
1.516.969.845.499
100,00%
35.361.055.150
152
Portion
-
317.000.171.503
1.455.203.496.400
Total
PT Bank Syariah Mandiri
BSM Director, Hanawijaya, handed
giant card to one of Priority Customer
at Customer Gathering event. The
event was held as part of building
relationship initiative with Priority
Customer on September 6, 2013.
3. Deposit Source and Composition
BSM remains maintaining financing quality
by overseeing debtors business growth
in sustainable manner. Moreover, BSM
will continuously carry improvement and
settlement program on non-performing
debtors issue.
2. Liability
Total liability increased in 2013 by Rp1.86
trillion or 20.29% from Rp9.17 trillion in 2012 to
Rp11.03 trillion in 2013. The growth was due to
increase in Wadiah saving and other liabilities.
Wadiah saving grew by Rp7.33 trillion or 24.32%
from Rp7.33 trillion in 2012 to Rp9.11 trillion in
2013. Thus, Other liabilities grew by Rp129.21
billion or 43.58% from Rp296.47 billion in 2012
to Rp425.61 billion in 2013. Other liabilities
growth was due to increase in allowance for
employees post-employment benefit and
employees long-term benefit by Rp56 billion
and SKBDN with correspondence bank by Rp16
billion.
Wadiah saving booked an increase was
concurrently with increasing branch office
and fund deposit from customer get customer
program. The growth complied with the Bank’s
strategy to raise low cost fund proportion mainly
on saving accounts product.
PT Bank Syariah Mandiri
153
BSM succeeded in collecting public fund to
Rp56.46 trillion in 2013 or grew by Rp9.05 trillion
or 19.09% from Rp47.41 trillion in 2012.
Deposit from public as current accounts, savings
and time deposit were under wadiah and
mudharabah agreements.
Current accounts grew by Rp1.09 trillion or
16.96% from Rp5.43 trillion in 2012 to Rp7.52
trillion in 2013. The saving account grew by
Rp2.95 trillion or 15.42% from Rp19.14 trillion
in 2012 to Rp22.10 trillion in 2013. Time deposit
grew by Rp5.00 trillion or 22.94% from Rp21.82
trillion in 2012 to Rp26.83 trillion in 2013.
Predominant Deposit growth was followed by
increasing accounts to 1,630,574 accounts or
grew by 39.24% from 4,155,632 accounts in
2012 to 5,786,206 accounts as end of 2013.
.
4. Savings with other banks
Savings with other banks as of December 31,
2013 reached to Rp28.20 billion, Rp9.78 billion
or 25.75% lower from saving with other banks
position as end of 2012 which arrived at Rp37.98
billion
Annual Report 2013
FINANCIAL
REVIEW
5. Subordinated Notes Issued
BSM Subordinated Notes Issued to strengthen
capital mainly Tier II. Total subordinated bonds
as of December 31, 2013 was Rp500 billion,
remained stable with Subordinated securities
issued in 2012. The bonds was issued in 2007
and held 5 years maturity period.
6. Equity
B.Comprehensive Income Statement
In 2013, BSm booked comprehensive income to
Rp651 billion, decreased by Rp156 billion or 19.33% to
comprehensive income booked in 2012 which arrived at
Rp807 billion. Decrease in comprehensive income was
due to decreasing assets quality in 2013 which brought
BSm to charge high PPAP fee.
1. Income from Fund Management
Equity realization as of December 31, 2013
reached to Rp4.86 trillion, grew by Rp681 billion
or 16.29% from equity position as end of 2012
which arrived at Rp4.18 trillion. The growth was
mainly contributed from income and additional
paid-in capital realized in 2013.
7. Paid-in Capital
Income from fund management realization
from Income from fund management by Bank
as Mudharib booked at Rp5.44 trillion, grew by
16.07% or Rp753 billion to total Income from
fund management by Bank as Mudharib booked
in 2012 which was Rp4.69 trillion.
a. Income From Fund Management By Bank
As Mudharib – Net
Throughout 2013, BSm booked Income from
fund management by Bank as Mudharib –
net amounted to Rp3.36 trillion or grew by
21.15% or Rp586 billion from realization of
Income from fund management by Bank
as Mudharib – net in 2012 which arrived at
Rp2.77 trillion.
Issued and fully-paid in capital reached to
Rp1,489,021,935,000 for shares amounting
to 297,804,387 shares as of December 31,
2013 and 291,648,713 as of December 31,
2012. Thus, Authorized capital was reaching to
500,000,000 shares as of December 31, 2013
and 2012 with total shares capital par value of
Rp5,000 per shares.
Table of Comprehensive Income Statements
(in Rp billion)
Description
Income from Fund Management by Bank as Mudharib
Third Parties’ Share on Return of Temporary Syirkah Funds
2009
2010
2011
2012
2013
2.071
2.768
3.771
4.685
5.438
902
1.162
1.781
1.914
2.081
1.169
1.606
1.990
2.771
3.357
Fee Based Income
347
567
1.082
1.139
1.193
Operating Income
426
580
761
1.119
898
Income before income tax benefit (expense)
418
569
748
1.097
884
Net Income
291
419
551
806
651
Comprehensive Income
-
-
553
807
651
Basic Earnings per Share
2.210
3.179
3.376
3.382
2.232
Income from Fund Management by Bank as Mudharib - Net
Annual Report 2013
154
PT Bank Syariah Mandiri
3. Allowance for Assets Write-Off
Expense
Increase in Income from fund management
by Bank as Mudharib in 2013 was due BSM
conducted major financing expansion by
12.75% with NPF gross controlled at 4.32%
and NPF net at 2.29%.
b. Third Parties’ Share On Return of
Temporary Syirkah Fund
Concurrently with increase in Income from
fund management by Bank as Mudharib, the
bank’s liability to fulfill Third parties’ share on
return of temporary syirkah fund also grew
from Rp1.919 trillion in 2012 to Rp2.1 trillion
in 2013 or rose by Rp167 billion or 8.75%.
c. Other Operating Income
Realization of Other operating income (feebased income) as end of 2013 reached to
Rp1.19 trillion, grew by 80% or Rp54 billion
from realization of Other opeating income
in 2012 which arrived at Rp1.14 billion. The
increase was contributed from hajj and umra
bailout fund which as of December 2013
contributed Rp375.4 billion and fee-based
pawn reached to Rp192.9 billion or booked
176.42% realization.
2. Operating Expenses
realization of operating expense grew from
Rp4.70 trillion in 2012 to Rp5.73 trillion as end of
2013 or grew by 22%.
Increase in operating expense was due BSM
executed business infrastructure development
in 2013. Moreover, in 2013, BSM also launched
89 outlets with additional employees to 946
employees (including outsourced) that total
employees as of December 31, 2012 reached to
16,945 employees.
PT Bank Syariah Mandiri
155
In 2013, BSM posted Allowance for Assets WriteOff Expense (PPA) to Rp871 billion or higher
from PPA expense booked in 2012 which was
booked at Rp376 billion. Significant increase
in allowance reflected BSM prudent orientation
to anticipate non-performing financing loss.
By carrying the allowance, Financing Cash
Provision ratio reached to 70.07% in 2013.
4. Operating Income
In 2013, operating income realization reached
to Rp898 billion, decreased by Rp221 billion or
-19.74% from operating income realization in2
012 which was booked at Rp1.119 trillion.
5. Net Income
Current period Net income realization in 2013
reached to Rp651 billion, decreased by Rp154
billion or 19.17% from Current period Net income
realization in 2012 which was Rp806 billion. The
decrease was mainly due to decreasing assets
quality and cash provision management.
C.Cash Flows Report
Cash and cash equivalent grew by Rp4.29 trillion from
Rp6.95 trillion in 2012 to Rp11.24 trillion in 2013. This
was mainly affected by increase in cash flows from
operating and investing activities.
Annual Report 2013
FINANCIAL
REVIEW
1. Cash Flows from Operating
Activities
Net cash flows from operating activities raeched
to Rp4.09 trillion in 2013 or grew by Rp5.78
trillion from 2012 amounted to –Rp1.69 trillion.
This was affected by Temporary syirkah fund and
operating assets growth.
Table of Cash Flows Report for 2012 – 2013 Period
Description
2009
Cash Flows from Oeprating Activities
Cash Flows from Investing Activities
Cash Flows from Finacning Activities
in Rp billion
2010
2011
2012
2013
2.212,51
2.220,37
1.091,43
(1.693,70)
4.086,07
(805,09)
(330,31)
(237,59)
(79,22)
203,35
100,00
-
1.750,00
(50,00)
-
Increase (decrease) in cash & cash
equivalents
1.507,42
1.890,06
2.603,84
(1.822,91)
4.289,42
Cash and cash equivalents at the
beginning of the year
2.771,55
4.278,97
6.169,03
8.772,86
6.949,95
Cash and cash equivalents at the end
of the year
4.278,97
6.169,03
8.772,86
6.949,95
11.239,37
Table of Cash Flows from Operating Activities in 2012 – 2013 Period
in Rp Million
Description
2012
Receipts from profit sharing, sales and purchase and rent
2013
Growth
Nominal
(%)
4.555.558.49
5.424.025.50
868.467
19,06
(1.970.851.17)
(2.023.983.90)
(53.133)
-2,70
1.138.747.54
1.188.093.53
49.346
4,33
31.914.37
134.444.86
102.530
321,27
(998.792.50)
(24.798.16)
(1.305.989.16)
(1.055.264.47)
(32.042.00)
(1.405.363.21)
(56.472)
(7.244)
(99.374)
-5,65
-29,21
-7,61
Payments of tax
(278.465.83)
(342.792.85)
(64.327)
-23,10
Payment of zakat
(36.595.65)
(24.263.18)
12.332
33,70
(1.561.23)
2.371.01
(7.684.604.03)
2.356.844.10
2.522.526.41
(1.693.695.81)
(614.92)
11.872.96
(6.757.274.07)
1.775.630.32
7.193.602.60
4.086.071.17
946
9.502
927.330
(581.214)
4.671.076
60,61
400,76
12,07
-24,66
185,17
5.779.767
341,25
Payments of profit sharing on temporary syirkah funds
Receipts from other operating income
Receipts from recovery of financing and receivable written – off
Payments of personnel expenses
Payments of tantiem
Payments for operating expenses excluding personnel cost
Distribution of qardhul hasan funds
Receipts of non-operating assets
Increase/ Decrease of operating assets
Increase/Decrease in operating liabilities
Increase in temporary syirkah funds
Net cash provided by/(used in operating activities)
Annual Report 2013
156
PT Bank Syariah Mandiri
2. Cash Flows from Investing
Activities
Net Cash Flows for investing activities reached
to Rp203.36 billion in 2013 or grew by Rp282.58
billion or -356.70% from 2012 which was –
Rp79.22 billion. This was aminly due to income
from marketable securities available for sale
and measured on acquisition cost thus there was
fixed assets purchase with lower nominal value.
(in Rp billion)
Table of Cash Flows from Investing Activities for 2012 – 2013 Period
Description
2012
Proceed from available for sale and measurement at cost marketable securities
289,02
601,87
-
(200,00)
(372,42)
(200.13)
4,18
1,62
(79,22)
203,35
Purchase of available for sale and held to maturity marketable securities
Acquisition of fixed assets
2013
Proceeds from sale of fixed assets
Net Cash provided by/(used in) investing activities
3. Cash Flows from Financing
Activities
Net cash flows from financing activities was Rp0
billion in 2013, decreasing if compared with net
cash flows from financing activity booked in 2012
which was Rp50 billion. Financing activities were
including financing payment and Subordinated
Notes Issued payment.
Table of cash flows from financing activities for 2012 – 2013 period
(in Rp million)
Uraian
2012
2013
Additional Paid-in Capital
-
300.000,00
Payment from Financing Received
-
(150.000,00)
Payment from Subordinated notes
-
(200.000,00)
Net cash provided by/(used in) financing activities
-
(50.000,00)
PT Bank Syariah Mandiri
157
Annual Report 2013
FINANCIAL
REVIEW
5. Financing to Deposit Ratio (FDR)
D.Key Financial Ratio
1. Capital Adequacy Ratio
Capital Adequacy Ratio (CAR) was booked at
14.10% level in 2013, higher if compared with
CAR booked in 2012 which was 13.82%. In
same year, Syariah Banking Capital Adequacy
Ratio (CAR) reahed to 14.42%.
2. Return on Equity (ROE) and
Return on Assets (ROA)
Return on Equity (ROE) of BSM booked
declining trend by 15.34%, lower from BSM ROE
position booked in 2012 which was 25.05%. The
position was slightly lower from average Syariah
Banking ROE position which was 17.24%.
BSM ROA realization was decreased from
2.25% in 2012 o 1.53% in 2013. BSM ROA was
lower from Syariah Banking average ROA which
reached to 2.00%.
BSM Financing to Deposit Ratio (FDR) booked
a decrease from 94.40% in 2012 to 89.37% in
2013, lower from Syariah Banking average FDR
which was 100.32%.
6. Non Performing Financing (NPF
Gross)
Non Performing Financing NPF) gross ratio
improved from 2.82% in 2012 to 4.32% in 2013.
The management seeked to improve BSM
financing quality by carrying financing monitoring
quality. BSM NPF was lower from Syariah
Banking NPF which was 2.62%.
7. Key Financial Ratio Summary
Tabel Key Financial Ratio Summary
3. Net Revenue Margin (NRM)
Keterangan
ROA
2,25%
1,53%
ROE
25,05%
15,34%
BO/PO
73,00% 84,03%
FDR
94,40%
89,37%
CAR
As end of 2013, Net Revenue Margin ratio was
controlled at 7.25% or remained stable from
2012
2012
2013
13,82%
14,10%
4. Operating Expense to Operating
Income (BOPO) Ratio
NPF-NET
1,14%
2,29%
NPF-GROSS
2,82%
4,32%
NRM
7,25%
7,25%
Current Ratio
155,26% 178,65%
DER
219,31%
226,85%
DAR
16,91%
17,24%
From efficiency side, Operating Expense to
Operating Income (BOPO) Ratio grew from
73.00% to 84.03% level in 2013. The ratio was
slightl higher if compared with Syariah Banking
average BOPO ratio which reached to 78.21%.
Annual Report 2013
158
PT Bank Syariah Mandiri
The Management assumed that total allowance for
possible loss was adequate to cover loss potential
due to collection failure of current accoutns and
placement with Bank Indonesia, current accoutns
with other banks, placement with other banks,
investment in securities, receivables, qardh financing,
mudharabah financing and musyarakah financing
which had been complied with Bank Indonesia
regulation.
E. Allowance for Earning Asets Write-Off (PPAP) and Collectability Ratio
1. PPAP Compliance Ratio
Finance PPAP to NPF (Cash Provision Ratio)
decreased from 100.06% in 2012 to 70.07% in 2013.
The condition constituted that the bank continuously
improves Cash provision ratio to anticipate nonperforming financing customers and decreasing
collectability.
BSM succeeded in achieving receivables
collectability ratio on Pass category in 2013 at
92.78%, improving from 2012 which was 94.53%.
2. Bank Collectability Ratio
Based on management review and evaluation ratio,
current accounts collectability and placements
with Bank Indonesia, Current Accounts with other
banks, placements with other banks, investment with
securities, receivables, qardh financing, mudharabah
financing and musyarakah financing as December
31, 2013 and 2012 were classified Pass.
F. Capital Structure and Management
1. Liabilities Structure
To cover loss potential due to financing and earning
assets collection failure, BSM seeks to conduct
assets ages and calculation of allowance for possible
loss and financing collection failure. Additional
allowance was recognized as share on operational
expense in current period.
In 2013, BSM liabilities structure was 74.38%
financed from temporary syirkah fund, 17.24%
from liabilities and 7.60% from equities and 0.78%
from Subordinated Notes Issued. Concurrently with
syariah banking industry brighter trend on national
banking circumstances, BSM is always committed
to develop competitive syariah banking products to
meet public expectation.
Table of Liabilities Structure
Description
Liabilities
Subordinated notes
Temporary Syirkah Fund
Equity
Total
PT Bank Syariah Mandiri
(in Rp billion)
2012
2013
Nominal
Prosentase
Nominal
Prosentase
9.168
16,91%
11.029
17,24%
500
0,92%
500
0,78%
40.380
74,46%
47.574
74,38%
4.181
7,71%
4.862
7,60%
54.229
100,00%
63.965
100,00%
159
Annual Report 2013
FINANCIAL
REVIEW
On the other hand, BSM also participated on public
fund collection and disbursement. Public fund and
deposit collection for syariah banking business
process were recognized as liability and BSm will
later disburse the fund to society throughout various
financing as BSM assets.
2. Capital Structure Management Policy
Based on the Bank’s strategy and policy in reducing
assets and financing source and period mismatch,
BSM applies a policy that most of the assets are
financed as temporary syirkah fund recognized by
the Bank.
Capital management policy of the Bank aims to
ensure that the Bank has efficient capital structure,
having strong capital to support the Bank business
development strategy and to maintain the Bank’s
business continuity in years to come, and to comply
with capital adequacy provision set by the regulator.
Capital planning is prepared by the Board of Directors
as part of Bank Business Plan and approved by the
Board of Comissioners.
The Bank capital planningis prepared based on
assessment of required capital requirement, business
development plan and the Bank liquidity needs.
.
Bank capital adequacy ratio as of December 31,
2013 and 2013 are as follows:
Table of Capital Adequacy Ratio as of December 2012 and 2013
Description
I.
(in Rp million)
2012
2013
3.655.579
4.391.216
1.458.244
1.489.022
231.649
291.649
1.562.841
2.284.925
Net Income (50%)
402.845
325.620
B. Supplementary Capital
Capital Structure
A. Core Capital
Paid In Capital
General Reserves
Retained Earnings at the beginning before
911.731
953.685
Reserves from Allowance from earning assets write-off (maximum 1.25% from
RWA)
411.731
453.685
Subordianted Investmetn (maximum 50% from total core capital)
500.000
500.000
-
-
4.567.310
5.344.901
C. Additional Supplementary Capital
II.
Total core capital, supplementary and additional supplementary capital)
III.
Credit Risk Weighing Assets
32.916.532
37.841.216
IV.
Market Risk Weighing Assets
122.534
63.725
V.
Total Risk – Weighing Assets
33.039.066
37.904.941
VI.
Capital Adequacy Ratio – Credit Risk
13,88%
14,12%
VII.
Capital Adequacy Ratio – Credit and Market Risk
13,82%
14,10%
VIII.
Minimum Capital Adequacy Ratio
8%
8%
Annual Report 2013
160
PT Bank Syariah Mandiri
G.Bank Soundness Level and Solvability
from public fund, which is by contractual usually
in short-term period, allocated to finance assets as
non-liquid financing. Bank Syariah Mandiri FDR as of
December 31, 2013 was booked to 89.37%, decreased
by 5.03% compared with 2012 which was booked at
94.40%. The decrease was namely due to increase in
Bank Syariah Mandiri deposit which was higher from
financing growth throughout 2013. Moreover, Bank
Indonesia also amended GWM LDR regulation in
December 2013 which was previously at 78% - 100%
level to 78% - 92% level. With aforementioned FDR Value
booked by Bank Syariah Mandiri, the ratio was still higher
from limitation recommended by Bank Indonesia.
BSM carried Bank Soundness Level Self-Assessment for
position as of December 31, 2013 with detail as follows:
1. Financial factor consists of Capital, Assets Quality,
Rentability, Liquidity and Sensitivity on Market Risk
with Ratign 2 means that the Bank financial condition
was considered Good in supporting business
development and anticipating economy condition and
financial industry shifting.
2. Management Factor consists of General
Management, Risk Management and Compliance
Management with A Rating, means that the Bank’s
management has excellent track record, independent
and adaptive against external condition shifting, and
has firm risk management system as well as able
to overcome occurring issues both presently and in
years to come.
Based on aforementioned Financial and Management
factors assessment, the Bank achieved composite score
2A or composite rating 2, means that the Bank was
considered good and able to overcome negative impact
from economy and financial industries.
1. Capital Adequacy Ratio
Pursuant to BI Regulation, Minimum Capital Adequacy Ratio implemented by BI is 8%. BSM Capital Adequacy
Ratio in 2013 based on Capital Adequacy Ratio was at
14.10%, the ratio was higher from previous year ratio
which was 13.82%. BSM Capital structure has a capability
to balance market and credit risk where the ratio was
exceeding BI minimum adequacy ratio and BSM capital
structure has complied with BI Regulation.
2. Liquidity
The Bank’s liquidity is affected by financing structure, assets liquidity, liability with counterparty and loan commitment to debtors. FDR is financing ratio disbursed to third party against deposit in Rupiah and foreign currency. FDR is used to assess amount of fund source
PT Bank Syariah Mandiri
161
3. Rentabilitas
Consolidated rentability of the bank is measured on following ratio:
No
Description
2012
2013
% Changes
1
Return on
Asset
2,25%
1,53%
-0,72%
2
Return on
Equity
68,09%
44,58%
-23,51%
3
Net Interest
Margin
7,25%
7,25%
0,00%
4 BOPO
73,00%
84,03%
11,03%
In 2013, Bank Syariah Mandiri booked stable Net
Interest Margin (NIM) ratio at 7.25%. This indicated the
Bank’s profitability ratio which is controlled in every
year. Meanwhile, Bank Syariah Mandiri ROA booked
a decrease in 2013 which was booked at 1.53% or
decreased by 0.72% from 2012. This was due to rapid
increase in Bank Syariah Mandiri Total Assets exceeding
income before income tax growth. Bank Syariah Mandiri
ROE also booked a decrease in 2013. As of December
31, 2013, Bank Syariah Mandiri ROE booked at 44.58%
or decreased by 23.51% from 2012 which was 68.09%.
this was due to decreasing income before income tax
booked by Bank Syariah Mandiri in 2013.
4. Solvability
Bank Syariah Mandiri solvability is measured through the
bank’s capital ratio. Bank Syariah Mandiri ensures the
Annual Report 2013
FINANCIAL
REVIEW
2. Fund Source
The fund allocated was from Bank Syariah Mandiri internal
budget.
Bank’s capital adequacy to fulfill financing risk and market
risk as reflected from Capital Adequacy Ratio (CAR).
Capital Adequacy Ratio is capital to Risk-Weighted Assets
(RWA) ratio. CAR ratio for financing risk and market risk of
Bank Syariah Mandiri as of December 31, 2013 booked at
14.10% or grew by 0.22% from 2012 which was booked at
13.88%. The increase was namely due to increase in paidin capital and general and appropriate growth of Bank
Syariah Mandiri in 2013.
Bank Syariah Mandiri Quick Ratio increased in 2013. The
Quick Ratio was booked at 32.08% or increased by 3.30%
from 2012 which was booked at 28.78%. This indicated
that Bank Syariah Mandiri’s ability in fulfilling its current
liabilities was higher in 2013.
H.Material Commitment for Capital Goods Investment
1. Objective of the commitment
Throughout 2013, there was material commitment for
capital goods investment as banking and information
technology service network expansion.
Banking service network expansion included: Addition
of 1 branch office in Pluit, North Jakarta, 84 supporting
branch offices (KCP), 4 cash offices, 174 ATM network
construction; 41 Unit ATM relocation; Payment point
construction in 61 offices in 27 cities; addition of 87
outlets non-permanent Bank Counter in 80 cities; 15
units mobile cash procurement and 30 branch offices
relocation. Meanwhile, for information technology
development was including: head office and branch
office data communication infrastructure, Bank
Indonesia server and storage, bandwidth upgrade;
self-service and branchless banking; and core banking
system. On September 9, 2009, the Bank held IT Core
Banking System service procurement with PT Anabatic
Technologies for 12 (twelve) years period with total
contract value to US$4,488,000. As of December 31,
2013, the Bank conducted payment to US$2,137,014
based on the agreement.
Annual Report 2013
3. Currency Denomination
Bank Syariah Mandiri capital goods investment is in
Rupiah and US Dollar currency.
4. Foreign Currency Risk Mitigation
To anticipate exchange rate risk, the Bank profoundly and
conducts real time exchange rate shifting monitoring
that the foreign currency portfolio is at most conducive
condition for the Bank.
I. Subsequent material information and fact
There is no subsequent material information or fact with
significant impact on the Company’s performance and
business risk in the future.
J. Description on Capital Goods Investment
As end of 2013, Total assets net after amortization and
depreciation booked by Bank Syariah Mandiri reached to
Rp787.871 million or incresed by 5.95% if compared with 2012
which was Rp743.598 million. The growth was mainly due to
increase in Land Rights which in 2013 grew by 32.64% from
previously Rp99.928 million in 2012 to Rp132.541 million in
2013 which followed by increase in office inventory which
by nominal increased by Rp12,087 million or 2.95% from
Rp460,387 million in 2012 to Rp472.373 million in 2013.
Comprehensively, Bank Syariah Mandiri total assets growth is
illustrated on following table:
162
PT Bank Syariah Mandiri
Table of Capital Goods Investment
in million Rupiah
No
Description
2012
2013
Growth Nominal
1
Land Rights
99.928
132.541
32.613
32,64%
2
Building
29.191
29.849
658
2,25%
3
Installation
68.502
62.491
(6.011)
-8,77%
4
Motor Vehicles
85.590
90.516
4.926
5,76%
5
Office Equipments
460.387
472.474
12.087
2,63%
6
Total
743.598
787.871
44.273
5,95%
K.Extraordinary Financial Information
N.Impact of Pricing Policy in
Recent 2 Years
As end of December 2013, there was no financial
information containing extraordinarye event unless
disclosed on Public Accountant Office report as attached.
L. Substantive Component of Other Income and Expenses
Throughout 2012 – 2013 period, there was no substantive
component on other Income and Expenses which
encouraged significant fluctuation both increase and
decrease besides disclosed on the Public Accountant
Office report as attached.
There was no subsequent material fact and information
which affected BSM, besides disclosed on Public
Accountant Office Report as attached.
P.Profit Sharing Calculation
Method
Throughout 2013, highest growth was nominally acquired
from Income form fund management by Bank as
Mudharib from trading income amounted to Rp697.88
billion or 22.65% from total Operating Income booked
in 2012, while, non-core business as Other Operating
Income grew by Rp54.67 billion or 4.80% from total Other
Operating Income booked in 2012.
PT Bank Syariah Mandiri
Throughout 2012 – 2013, there was no significant impact
of pricing policy on BSM operating revenue or net income
as well as operating income in 2 recent years beside
disclosed on Public Accountant Office Report as attached.
O.Subsequent Information
M. Operating Income Growth Materiality
% Changes
163
The Bank annually distributed gain to fund owners. Profit
sharing calculation model is as disclosed on folloign profit
sharing distribution table:
Annual Report 2013
FINANCIAL
REVIEW
Table of Profit Sharing Realization as of December 2013 Period
Total Deposit
1. Wadiah Deposit
average balance
Profit Sharing
Income
A
B
Fund Owner Portion
Nisbah
Total Bonus and
Profit Sharing
Rate of Return
Indication
C
D
E
8.446.585.880
71.219.301
33.349.745
281.196
8.413.236.135
70.938.105
19.552.979.742
164.865.375
143.915.065
1.213.453
33,43%
19.409.064.677
163.651.922
28,70%
27.752.708.773
234.003.246
93.147.211
785.392
- 1 month
74.126.750
625.016
45,00%
- 3 month
10.140.211
85.500
46,00%
- 6 month
1.122.441
9.464
47,00%
- 12 month
7.757.809
65.412
48,01%
b. Non Bank
27.659.561.562
233.217.854
- 1 month
18.006.762.248
151.828.092
45,50%
- 3 month
4.087.789.147
34.467.120
46,79%
- 6 month
2.299.543.054
19.389.117
44,17%
- 12 month
3.265.467.113
27.533.525
49,39%
55.752.274.395
470.087.922
a. Bank
b. Non Bank
2. Mudharabah Saving
a. Bank
b. Non Bank
3. Mudharbah Time Deposit
a. Bank
TOTAL
Indonesian macro and micro economy trends, as follows:
1. In 2003, Idonesian economic growth was decelerated
from2 012 due to decreasing real export as the
impact of global economic stagnancy.
2. Domestic economy growth supported with household
and investment consumption.
3. Relatively high domestic economy growth was due
to food price fluctuation and rising subsidized-oil fuel
price.
4. Firm and stable banking sector.
5. Improving intermediary function.
Annual Report 2013
5.713.606
22.495
5.691.111
47.377.212
405.648
46.971.564
107.728.909
356.438
281.257
39.330
4.448
31.403
107.372.471
69.083.500
16.127.769
8.563.549
13.597.653
160.819.727
0,81%
0,81%
3,38%
2,90%
4,55%
4,65%
4,76%
4,86%
4,60%
4,73%
4,47%
5,00%
6. Decreasing credit risk, reflecting from improving NPL
ratio.
7. Syariah banking growth namely indicated by
expanding assets market share, Deposit & financing
as well as expanding syariah bank outlet network.
Q.Business Prospect
(in Rp thousand)
164
BI forecasted economic growth will reach 5.8% - 6.2%
in 2014. This will affete global economy more positive
prospect which was estimated will boost export. In 2014,
economy growth performance will be supported by main
economy sector such as manufacturing, trading – hotel –
restaurant as well as transportation and communication
which are expected to be improved concurrent with global
PT Bank Syariah Mandiri
growth in line with economy 2014 forecast with
export-oriented, manufacturing, trading – hotel –
restaurant, service and agriculture sectors bring an
opportunity to accelerate banking growth.
economy recovery and domestic economy rejuvenation.
Conducive national economic condition is expected to
provide positive impact on national banking industry
growth. Bank Indonesia forecasted national banking
industry in 2013 whereas assets, deposit and lending will
be higher from 2012.
4. More Structurized Market Development Program
Better syariah banking industry socialization
program will encourage public income level on
syariah banking service to be higher with expanding
demography scale. iB Socialization & GRES!
Launching nationwide which had affected sectoral
synergy & syariah financial transaction Moreover,
Bank Indonesia will prioritize support for products
development related with productive sector and will
meet wider society needs. In expadning network,
Syariah Bank builds interconnection by stronger
Holding Bank/Group.
Positive trend optimism which was projected on
aforementioned national economy and national banking
industry, according to Bank Indonesia forecast, will also
affect syariah banking industry. Syariah banking industry
is expected to maintain high growth in 2014. Bank
Indonesia also forecasted syariah banking assets will
reach Rp255.21 trillion (pessimistic) – Rp311.92 trillion
(optimistic) in 2014.
Syariah banking growth optimist projection is expected to
be encouraged by several factors, including:
5. HR Quality Improvement
Human Resoruces (HR) demands fulfillment with
adequate quality and quantity will significantly affect
on syariah banking assets growth in 2014
1. Huge Market Potential
Indonesian potential amid Asian optimism as main
global economy engine and Indonesian demography
potential which had provided enormous opportunity
on Indonesian economy consistent growth. Expected
development trend to provide higher multiplier –
effect for Indonesian economic growth was by also
supporting national economy growth. Financing
assistance on productive sector will not only expand
syariah banking market share but also will support
self-sufficient national economy.
2. New Player Entrance
Entrance of new players will bring higer competition
level on banking industry. Respective condition wil
trigger the old players to preserve their market shares
within more intensified effort. Afterwards, syariah
banking players consolidation to strengthen syariah
banking industry and several syariah commercial
banking to conduct Initial Public Offering (IPO).
To win the competition and address opportunity optimally
in 2014, BSM has increased its business capability by
expanding business network, recruiting new employees,
adding capital and upgrading IT infrastructure by
comoleting Core Banking System transformation as
well as replacing product facility and feature. Within
the capacity building, BSM seeks to maintain or even
increase market share on syariah banking industry.
R.Marketing Aspect
3. More Conducive Macro Condition
Macro economy condition will be more conducive
in 2014 which was forecasted will become syariah
banking industry growth. Recovered real sector
PT Bank Syariah Mandiri
6. Stronger Authority Support
The Government accepted syariah finance and
banking development as integrated part of the
Government’s program. Ministry of SOE advance
plan is to establish shria SOE Bank and Ministry of
Religion to realize transfer major part of hajj fund to
syariah bank.
165
To affirm the Bank’s contribution in Indonesian banking
industry, BSM applies network expansion strategy as well
Annual Report 2013
FINANCIAL
REVIEW
as product and corporate marketing to introduce various
banking products to wider society. The execution of
respective strategy is expected to broaden BSM market
by increasing customers number. On service aspect, BSM
seeks to improve best service quality for the customers,
supported by increasing technology capability and syariah
banking product innovation development.
office network
853
900
764
800
669
700
600
507
500
400
390
300
1. Network Expansion Strategy
In supporting BSM product marketing achievement to
optimize customers service, BSM considers the urgency
of office and ATM network expansion (BSM, Bank
Mandiri, ATM Bersama, ATM Prima, MEPS) to better
serve the customers.
200
100
0
2009
BSM Card is available to be used in more than 144,865
ATM networks, including:
ATM Syariah Mandiri, 909 units
ATM Mandiri, 11.454 units
ATM BERSAMA, 53.722 units
ATM Prima, 66.770 units and
Malaysia Electronic Payment System (MEPS),
12.010 units.
144.865
109.686
65.118
47.000
34.924
2010
2011 2012
2012 2013
National Newspaper (Seputar Indonesia, Kompas,
Harian Kontan dll).
• Local Newespaper (Waspada, Pikiran Rakyat,
Sumatera Express, Kaltim Pos, Kedaulatan Rakyat,
Jawa Pos, Fajar etc).
• Chinese Radio (Radio Cakrawala). Magazines
(TEMPO Magazine, Sindo Magazine, Kicau Bintaro,
Suara Muhammadiyah).
• National Radio (Gen FM, Ardan FM, Trijaya FM, dll).
• Local Radio (Kis FM, Oz Lampung, dll).
• Internet Advertising (on Website Okezone.com,
Republika Online).
• SMS blast (Promotional message sent to customers
mobile phone number).
• Email blast (Promotional message sent to customers
email address).
• Twitter dan Facebook mass media.
Brand Acquiring is carried through following program:
•
ATM network
2011 BSM conducts Brand Building and Brand Acquiring
product communication activities in major citiies of
Indonesia.
Brand Building is carried throughout several promotion
channles, as follows:
2009
3. Product Communication Strategy
2. ATM Network
150.000
140.000
130.000
120.000
110.000
100.000
90.000
80.000
70.000
60.000
50.000
40.000
30.000
20.000
10.000
-
2010
•
•
•
•
•
2013
Thus, as end of 2013, BSM office network reached to 853
outlets spread all over Indonesia.
1. BSM Direct Gift
Direct gift for the customers on new account
registration (BSM Saving).
Annual Report 2013
166
PT Bank Syariah Mandiri
appreciation on fresh fund (top up) time deposit
placement.
10. BSM Executive Lounge Saving (Exlo Saving)
Executive Lounge voucher gift which can be
redeemed in 41 executive lounges nationwide by
topping up fund at BSM Saving account.
11. BSM Priority Gathering Program
Activity expense reimbursement to several branch
offices who held several activiites by involving
customers such as sharing or testimonial from BSM
Priority customers and synergized with direct sales
program (hard selling) of investment, insurance,
financing products as well as BSM Priority program.
Sharia banking industry growth which
more preferred among the society drives
various business potential for BSM. To cater
the business opportunity, BSM performs
sharia banking product development and
innovation.
2. BSM Fantasi
Direct gift to customers who deposited fund (fresh
fund).
3. BSM Giro Prima
Fee Assistance and Priority Lounge facility to the
customers with certain average balance requirement.
4. BSM Sahabat
Incentive provision for an individual/institution which
has referred customer to BSM. The incentive is
based on total fund deposited.
5. BSM Mitra Kerja
Incentive for an individual/institution which has
referred customer to BSM. The incentive is based on
total registered accounts.
6. Pemda Fund Management
BSM partnership with local government on fund
management namely Pemda budget allocation,
Pemda revenue and Local cash outstanding. The
offer will be proided as CSR and Sponsorship for
fund placement on autosave current accounts.
7.BSM You And Friends
Gift for BSM Priority Customers which contributed
reference or new customers. BSM Priority as referral
result with minimum fund placement of Rp250 million.
8. BSM Deposit & Special Gift
Gift as Umra pilgrimage, Tour Package (Domestic/
Overseas Tour Package), Gold Bar, Shopping
Voucher/Direct Gift by depositing fund on Time
Deposit account.
9. BSM Care & Share Program
Social fund disbursement as charity, as BSM
PT Bank Syariah Mandiri
167
4. Product Development Strategy in 2103
Syariah banking industry more preferred trend
among the society brought several new business
opportunities for BSM. To respond with respective
business opportunities, BSM seeks to conduct
syariah banking products development and
innovations, by carrying product launching strategy in
2013 to raise Deposit and Fee-based income.
Followign are several products launched by BSM in
2013
1. Government Retail Sukuk Series – 005
Government Retail Sukuk Series – 005
Is a Ministry of Finance Republic Indonesia retail
sukuk instrument selling service.
2. Syariah Shares Savings
A customers deposit account as saving product
which is especially utilized to settle Securities
transaction settlement (both as customers
rights and liabilities), and to receive customers
rights related with their securities through KSEI
Account Holders.
3. Gold Installment
A gold purchase/ownership purchase product in
form of gold bar.
Annual Report 2013
FINANCIAL
REVIEW
parties, are disclosed in the notes to financial statemetns.
S.Dividend Policy
In distributing dividend, BSM applies dividend policy, as
follows:
1. To pay cash dividend from net income annually,
with amount as stipulated on GMS based on BOD
recommendation.
2. A decision to distribute dividend is depended on
profit, financial condition and liquidity, compliance
against law and regulation and other factors
considered relevant by BSM BOD after approved by
the GMS.
As of December 31, 2013, BSM had not acquired
proceeds from initial public offering through securities or
bonds issueance.
2. Cooperation in Mandiri Group Circumstances
As of December 31, 2013, BSM had not conducted
expansion, divestment, acquisition and restructuration
with certain impac to BSM structure
V.Material Information Containing Conflict of Interest
Throughout 2013, there was no material information
containing conflict of interest in material transaction with
affiliated party. The nature of transactions and balances of
accounts with related aprties, whether or not transacted
on normal terms and conditions similar to those with third
Annual Report 2013
In the normal course of business, the Bank entered
into transaction with parties whicha re defined
as related parties in accordance with the SFAS
No. 7 (Revised 2010) regarding “Related Party
Disclosures.” The nature of transactions and
balances of accounts with related aprties, whether
or not transacted on normal terms and conditions
similar to those with third parties, are disclosed in
the notes to financial statements. Based on SFAS
No. 7 (Revised 2010) “Related Party Disclosures,”
transaction between the Bank and the State Owned
Eterpriss/Regional Government Owned Enterprises;
other entities and institutions associated with the
Government of the Republic of Indonesia, the Board
of Commissioners, Directors and key employees are
considered as transaction with related parties.
U.Material Information on
Expansion, Divestment,
Acquisition and Restructuration
1. Transaction with Related Parties
BSM profit realization for fiscal years 2010, 2011 and
2012, referring to General Meetings of Shareholders
Decision that BSM did not distribute dividend to the
shareholders. This was to strengthen the bank’s capital
structure. On the other hand, BSm net income realization
for fiscal year 2013 will be stipulated on mid-year 2014
GMS.
T.IPO Proceeds and Realization
168
Bank Syariah Mandiri and Holding (Bank Mandiri)
has a sustainable synergy (cooperation). The synergy
program brings added value for Bank Syariah Mandiri
that will utilize Bank Mandiri infrastructure which is
considered appropriate for Bank Syariah Mandiri.
Synergy Program is including:
1. Business Sector: micro banking, retail banking,
commercial banking, corporate banking,
electronic banking and Bank Mandiri network
leveraging.
2. Non-Business Sector: risk management, internal
audit, product development, human capital, etc..
The synergey program which can be experienced by
the customers are namely BSM Gold Pawn Service
Outlet launching in 4 (four) Bank Mandiri outlets (pilot
project) in 2013; Bank Mandiri ATM free of charge
application by Bank Syariah Mandiri customers
for certain transaction and with additional features
acquired by Bank Mandiri customers; syariah
financing solution for Bank Mandiri customers who
require based on business needs.
Besides with Bank Mandiri, Bank Syariah Mandiri
PT Bank Syariah Mandiri
also builds synergy with other subsidiaries of Bank Mandiri namely
by launching AXA – Mandiri outlet at Bank Syariah Mandiri outlets;
and participating employees of Bank Syariah Mandiri at Bank
Mandiri Financial Institution Pension Fund.
Table of Related Party
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
Related Party
PT Bank Mandiri (Persero) Tbk
PT Mandiri Sekuritas
PT Bank Sinar Harapan Bali
PT AXA Mandiri Financial Services
PT Mandiri Manajemen Investasi
Pemerintah Negara Republik Indonesia
PT Bank BNI Syariah
PT Bank BNI
PT Bank BRI
PT Bank BRI Syariah
Perum Perumnas
PT Indosat Tbk
PT Perusahaan Listrik Negara (Persero)
PT Pembangunan Perumahan (Persero) Tbk.
PT Brantas Abipraya (Persero)
PT Wijaya Karya (Persero) Tbk
PT Pos Indonesia (Persero)
PT Permodalan Nasional Madani (Persero)
PT Hutama Karya (Persero)
PT Istaka Karya (Persero)
PT Balebat Dedikasi Prima
PT Bahana Artha Ventura
PT Waskita Karya
PT Jamsostek (Persero)
Perum Jaminan Kredit Indonesia
PT Pupuk Sriwidjaja (Persero)
PT Semen Baturaja (Persero)
PT Krakatau Steel (Persero) Tbk
PT Semen Gresik (Persero) Tbk
Perum Bulog
PT Bank Aceh
PT BPD Jawa Tengah
PT BPD Kalsel
PT BPD Nusa Tenggara Timur
PT Bank BPD Sulawesi Tengah
PT BPD Sulawesi Selatan
PT Bank Sumsel Babel
PT Bank Tabungan Negara (Persero) Tbk - Unit Usaha Syariah
PT Asuransi Jiwasraya (Persero)
PT Kimia Farma (Persero) Tbk
PT Amarta Karya (Persero)
PT Semen Indonesia (Persero) Tbk
PT Balai Pustaka (Persero)
PT Garuda Indonesia (Persero) Tbk
PT Indah Karya (Persero)
PT Indofarma (Persero)
PT Indra Karya (Persero)
PT Kawasan Berikat Nusantara (Persero) SBU Non-Industri
PT Pelabuhan Indonesia II (Persero)
PT Perkebunan Nusantara VI (Persero)
PT Perkebunan Nusantara XIII (Persero)
PT Perkebunan Nusantara IX (Persero)
PT Angkasa Pura I (Persero)
PT Barata Indonesia (Persero)
PT Surveyor Indonesia (Persero)
PT Tabungan Asuransi Pegawai Negeri (Persero)
PT Pertani (Persero)
PT Sarana Multigriya Finansial (Persero)
PT Kliring Berjangka (Persero)
PT Adhi Karya (Persero) Tbk
PT Asuransi Ekspor Indonesia (Persero)
PT Asuransi Jasa Indonesia (Persero)
Karyawan Kunci
PT Bank Syariah Mandiri
Nature of Affiliation
Shareholder
Shareholder, Deposit from costumers
Owned by the same shareholder
Owned by the same shareholder
Owned by the same shareholder
Ultimate Shareholder
Subsidiary of Stated Owned Enterprises PT Bank Negara Indonesia (Persero) Tbk
Stated Owned Enterprises
Stated Owned Enterprises
Subsidiary of Stated Owned Enterprises PT Bank Rakyat Indonesia (Persero) Tbk
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Subsidiary of Stated Owned Company PT Telkom Indonesia Tbk.
Subsidiary of Stated Owned Company Bahana PUI
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Eterprises Unit PT bank Tabungan Negara (Persero) Tbk.
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Stated Owned Enterprises
Key Employees
169
Annual Report 2013
FINANCIAL
REVIEW
Balance of assets, liabilities, unrestricted investment,
other operatign income, administrative expense, other
operating expenses and personnel expenses with related
parties are as follows:
in million
Description
2012
Assets
Current Accounts with other banks
Placements with other banks
investment in securities
murabahah receivables
mudharabah financing
musyarakah financing
Total
Percentage to total assets
2013
106.092.735.229
105.000.000.000
1.437.876.713.473
207.032.014.855
208.542.959.936
203.803.014.000
2.268.347.437.493
4,18%
169.097.399.528
50.000.000.000
1.185.570.047.547
121.571.475.843
97.489.261.239
140.428.887.882
1.764.157.072.039
2,76%
112.812.995.821
43.585.618.633
6.391.071.948
600.000.000.000
75.000.000.000
837.789.686.402
9,14%
69.587.375.504
144.684.579.712
517.195.092
600.000.000.000
95.000.000.000
909.789.150.308
8,25%
Unrestricted Investment
Mudharabah saving
mudharabah deposits
Total
Percentage to total temporary syirkah fundi
29.929.009.897
1.948.411.728.983
1.978.340.738.880
4,90%
94.833.053.376
931.213.624.913
1.026.046.678.289
2,16%
Other operating income
receipt of banking service fee
receipt of bancassurance fee
receipt of retail sukuk
receipt of SBSNS
Jumlah
Percentage to total other operating income
8.214.360.320
5.606.414.816
927.196.022
2.497.312.034
17.245.283.192
1.51%
8.966.578.500
8.621.878.050
1.754.206.740
2.263.629.415
21.606.292.705
1,81%
Personnel expenses (salary, bonus, tantiem and other benefits)
Tantiem
Salary
Bonus
Other benefits
Total
percentage to total personnel expenses
24.798.161.143
18.323.069.020
5.228.709.076
12.351.427.473
60.701.366.712
6,24%
32.042.000.000
21.149.143.452
2.382.660.424
12.520.823.888
68.094.627.764
5,71%
Liabilities
Liabilities Due Immediately
Wadiah Deposits
Deposits from other banks
Financing Received
Subordinated Notes Issued
Total
Percentage to total liabilities
Annual Report 2013
170
PT Bank Syariah Mandiri
W.Changes in Regulation Impact to the Company
2. New Accounting Pronouncement
Effective on or after 1 Janaury 2014.
In 2010, the Government issued Republic of Indonesia
Law No. 2 of 2010 as amendment of Law No. 47 of 2009
on State Budget for Budget Year 2010 applied since May
25, 2010 that on Article 3 point 2 b and its explanation
stated the VAT calculation on several transactions of
syariah bank will be paid by the Government. Pursuant
to appendix of article 3 point 2, total Bank VAT paid by
the Government amounted to Rp25.54 billion from total
SKPKB and STP received by the Bank which arrived at
Rp37.65 billion.
The Management affirmed that mismatch between total
VAT paid by the Government and total SKPKB and STP
received by the Bank will not be charged to the Bank as
the implementation of respective Law.
X.Implementation of
Accounting Guidelines for
Indonesian Syariah Banking
(“PAPSI”) 2013 and New
Accounting Pronouncement
Effective on or after 1 January 2015
1. Implementation of Accounting Guidelines for
Indonesian Syariah Banking (“PAPSI”) 2013.
Bank Indonesia as the banking regulator in Indonesia
has issued the revision of Pedoman Akuntansi
Perbankan Indonesia (PAPSI 2013) and Surat
Edaran Bank Indonesia No. 15/26/DPbS “Guidance
on Implementation of PAPSI 2013” which should be
effectively implemented on August 1, 2013 (PAPSI
2013).
On September Asosiasi Bank Syariah Indonesia
(ASBISINDO) as the representative from
syariah banking industry has submitted a letter
to Bank Indonesia to request postponement of
implementation of PAPSI 2013 up to 1 January 2016.
Currently, the Bank is still in the process of preparing
action plan regarding implementation of PAPSI 2013.
PT Bank Syariah Mandiri
On December 2013, Syariah Accounting Standards
Board of Indonesian Institute of Accountants has
issued PSAK 102 Revision which will be effectively
implemented on January 1, 2014 on a prospective
catch – up basis. Major change in the PSAK 102
Revision is related to the accounting reatment
for murabahah transaction which in substance
categorized as financing transaction. Under PSAK
102 Revision, murabahah transaction which in
substance is a murabahah financing should follow
the accounting treatment of PSAK 55: Financial
Instruments: Recognition and Measurement.”
PSAK 50:”Financial Instruments: Disclosure,” and
PSAK 60: “Financial Instruments: Disclosure,” and
other relevant PSAK. With the issuance of PSAK
102 Revision, starting January 1, 2014 the Bank
will implement the previously issued Technical
Bulletin No. 9 “Implementation of Annuity Methid in
Murabahah” as indicated in the Basis for Conclusion
in PSAK 102 Revision. Currently the Bank is
evaluating this PSAK 102 Revision and has not yet
determined the effects on its financial statements..
171
SFAS No. 24 (Revised 2013), “Employee Benefits,”
adopted from IAS 19, which removes the corridor
mechanism and contingent liability disclosure to
simplify clarification and disclosure. Currently, the
Bank is evaluating this PSAK Revision and has not
yet determined the effects on its financial statements.
Annual Report 2013
CORPORATE
GOVERNANCE
BSM is highly committed on GCG
principles consistent implementation.
As the result, in 2013, BSM once again
won “The Most Trusted Companies”
predicate from SWA Magazine & IICG.
Annual Report 2013
172
PT Bank Syariah Mandiri
West Sumatera - Gadang House miniature artwork
PT Bank Syariah Mandiri
173
Annual Report 2013
CORPORATE
GOVERNANCE
A. GCG Principals and Practice
In implementing GCG, BSM always refers to prevailing
regulation both external and internal regulation, namely:
1. Law of Republic Indonesia No. 40 of 2007 on Limited
Company;
2. Law of Republic Indonesia No. 21 of 2008 on Sharia
Banking;
3. Bank Indonesia Regulation (PBI) No. 15/13/PBI/2-13 on
Amendment of Bank Indonesia Regulation No. 11/3/
PBI/2009 on Sharia Commercial Banks;
4. PBI No. 13/23/PBI/2011 on Risk Management
Implementation for Sharia Commercial Banks and SBU;
5. Bank Indonesia Regulation No/ 14/27/PBI/2012 on
Anti Money-Laundering (APU) & Terrorism Financing
Prevention (PPT) Program Implementation for
Commercial Banks;
G
ood Corporate Governance (GCG) implementation in Bank
Syariah Mandiri (BSM) is carried with several efforts to
raise BSM management awareness and working process
consistency supported with role model and the management of
BSM.
6. PBI No. 11/33/PBI/2009 dated December 7th, 2009 and
SEBI No/12/13/DPbS dated April 30th, 2010 on Good
Corporate Governance Implementation for Sharia
Commercial Banks and SBU.
The effort carried were namely developing knowledge and
innovation culture of entire BSM Management. The Management
gives broadest opportunity to every part of BSM to develop
knowledge ins upporting duty and responsibility execution.
7. PBI No. 13/2/PBI/2011 dated January 12th, 2011 on
Compliance Function Implementation in Commercial
Banks;
8. PT Bank Syariah Mandiri Article of Association;
High awareness and consistency in implementing GCG principle
at every organization line will provide positive impact in achieving
GCG objective.
9. PT Bank Syariah Mandiri Board Manual;
10. PT Bank Syariah Mandiri Compliance Policy;
BSM exercises GCG by referring to Bank Indonesia Regulation No.
11/33/PBI/2009 dated December 7th, 2009 and Bank Indonesia
Circular Letter No. 12/13/DPbS dated April 30th, 2010 on Good
Corporate Governance Implementation in Sharia Commercial
banks and Sharia Business Unit (SBU) comprising of 5 TARProf
principals of Transparency, Accountability, Responsibility,
Professional and Fairness.
11. Bank Syariah Mandiri APU & PPT Implementation
Manual;
12. Joint Decree No. 12/002-SKB/Kom.Dir dated December
27th, 2010 on Good Corporate Governance (GCG)
Charter;
13. Circular Letter No. 13/010/UMM dated July 26th, 2011
on Good Corporate Governance Implementation SelfAssessment;
Annual Report 2013
174
PT Bank Syariah Mandiri
14. SE No. 13/018/UMM dated December 31st, 2011 on GCG
TARProf Principle Implementation Obligation.
Various appreciation received throughout 2013 as
the actualization of external parties recognizion
both domestic and international for BSM consistency
in implementing GCG principle. In 2013, BSM won
several awards, as follows:
15. SE No. 15/004/UMM dated April 3rd, 2013 on Good
Corporate Governance.
1. Consistency and Commitment of
GCG Implementation
Consistency and commitment of entire BSM
management in implementing GCG becomes principal
of GCG realization in BSM. The Management of
BSM continuously encourages BSM employee to be
committed and consistent in carrying GCG principle
as regulated under PBI No. 11/33/PBI/2009 on GCG
Implementation for Sharia Commercial Banks and
Sharia Business Unit in every duty and responsibility
implementation to achieve sustainability advantage.
Consistency and commitment of the GCG
implementation is started from top level proven by
winning various awards on GCG implementation won
by BSM, including:
1. Annual Report Award 2012
Prestigious award won by the Bank for the
fourth times related with Annual Report 2012
preparation as First Winner for Non-Listed Private
Financial Company. One of the assessment
indicators with highest assessment percentage
is Good Corporate Governance (GCG) aspect. The
award was held in cooperation between Bapepam
– LK with Taxation General Directorate, Ministry of
SOE, Bank Indonesia, Indonesia Stock Exchange,
National Committee of Governance Policy and
Indonesian Accountant Association.
2. BSM Participation on External Party
Assessment (Rating Agency)
1. President Director, Yuslam Fauzi won Innovative
CEo predicate held by GATRA Magazine on
strategic thinking, accurate decision making,
establishing synergy between HR and determined
strategy, excellence and result – oriented
categories.
2. The Best Islamic Bank in Indonesia 2013 Award
from Euromoney.
3. Indonesia Middle-class Brand Champion 2013
Award held by SWA Magazine and Inventure on
ownership of resources, knowledgeability and
social connection variables.
Surely, this will drive BSM employees’ spirit to be more
focused in implementing GCG for the Bank’s business
existence in sustainable manner.
PT Bank Syariah Mandiri
2. GCG Implementation Appreciation
175
BSM was a participant on Corporate Governance
Perception Index (CGPI) 2012 for the second
time. The CHPI Program is a Good Corporate
Governance (GCG) implementation assessment
program from public/Stakeholders held by
independent agency, The Indonesian Institute for
Corporate Governance (IICG) supported by SWA
Magazine. The theme carried on the program
is annually changed and for 2013, IICG brought
the theme “GCG on Knowledge Perspective.”
BSM participation on the program became the
actualization of GCG enforcement commitment
and awareness towards Corporate Governance
(CG) implementation quality.
At CGPI 2012 awarning night, BSM was presented
as one of the speakers in CGPI 2012 talkshow
attended by President Director of BSM, Yuslam
Fauzi. At CGPI 2012 awarding night on December
16th, 2013, BSM won The Most Trusted
Companies predicate.
Annual Report 2013
CORPORATE
GOVERNANCE
B. GCG Policy and Manual
Infrastructure
Table of GCG Practice Assessment Quarter Index 2013
Optimization of GCG implementation in BSM is continuously
carried by strengthening infrastructure to achieve best
practice, reliability testing as well as system and procedure
adjustment based on business and sharia banking
regulation changing to support more oeffective GCG
implementation.
No
1
Periode
QuarterI
2013
82.99
2
QuarterII
82.69
81.93
3
QuarterIII
81.65
81.20
4
QuarterIV
82.84
79.24
Note:
Index GCG < 60
: Not Comply
61 ≤ Index GCG ≤ 70 : Less Comply
71 ≤ Index GCG ≤ 80 : Fair
Policy and Standard Operationg Procedures (SOP)
infrastructure to support GCG implementation, among
others:
2012
78.20
81 ≤ Index GCG ≤ 90 : Comply
91 ≤ Index GCG ≤100 : Very Comply
implementation is carried quarterly to assess GCG
principle implementation in certain unit with final
result as GCG Index. Based on ISA assessment
result, GCG implementation in BSM at the working
units during 2013 was considered on “Comply”
level.
1. Code of Conduct,
2. GCG Charter,
3. Board of Commissioners Charter,
4. Board of Directors Charter,
5. Remuneration and Nomination Committee Charter,
6. Audit Committee Charter,
2. External Self Assessment (ESA)
7. Risk Monitoring Committee Charter,
8. Coordinative Charter of Director who supervises
Compliance Function and Compliance Unit with Sharia
Supervisory Board (SSB),
External Self-Assessment (ESA), is a GCG self
assessment practice using external checklist
(parameter) based on Bank Indonesia regulation, as stated under:
9. Internal Audit Charter,
10. Policy and SOP.
1. SEBI No.1 2/13/DPbS dated April 30th, 2010 on
Good Corporate Governance implementation for
Sharia Commercial Bank and Sharia Business Unit.
.
C. GCG Implementation
Assessment Result 2013
2. SEBI No. 15/15/DPNP dated April 29th, 2013 on
GCG Implementation for Commercial Banks.
Pursuant to aforementioned regulations, ESA of BSM
GCG implementation is consisted of:
1. Internal Self Assessment (ISA)
1. Sharia Commercial Bank Annual GCG SelfAssessment;
2. Consolidated GCG Self-Assessment.
ISA is a GCG self-assessment practice using
the Bank internal checklist standard. ISA
Annual Report 2013
176
PT Bank Syariah Mandiri
Following are result of BSM ESA implementation for
2013 period:
1. Sharia Commercial Bank Annual GCG SelfAssessment for 2013 period.
Sharia Commercial Bank Annual GCG SelfAssessment is a GCG assessment practice held
autonomously by BSM using Sharia Commercial
Bank special parameters with result delivered to
Financial Service the latest 3 (three) months after
the fiscal year ended.
Table of SBU Annual GCG Self-Assessment for 2013 Period.
No.
Factors
Rating(a)
Weight(b)
Score
(a)X(b)
1
Board of Commissioners duty and responsibility implementation
2
12.50%
0.25
2
Board of Directors duty and responsibility implementation
2
17.50%
0.35
3
Committee infrastructure and duty implementation
10.00%
0.2
4
Sharia Supervisory Board duty and responsibility implementation
2
2
10.00%
0.2
5
Sharia principle implementation on fund collection and
disbursement and service activities
2
5.00%
0.1
6
Conflict of interest handling
3
0.3
7
Compliance function implementation in the Bank
2
8
Internal audit function implementation
2
9
External audit function implementation
1
10
Legal Lending Limit
1
11
Disclosure of financial and non-financial condition, GCG
implementation and internal reporting
1
10.00%
5.00%
5.00%
5.00%
5.00%
15.00%
Composite Score
100.00%
Predicate: Good
Followign are Sharia Commercial Bank Annual GCG
Self-Assessment General Summary for 2013 period.
PT Bank Syariah Mandiri
177
Annual Report 2013
0.1
0.1
0.05
0.05
0.15
1.85
CORPORATE
GOVERNANCE
Table of SBU Annual GCG Self-Assessment Genreal Sumary for 2013 period.
No.
Factor
Composite Score
and Predicate
Rating
0,25 – B
2
Board of Commissioners
1
duty and responsibility
The Board of Commisioners has implemented duty and
responsibility as well as appropriately in carrying monitoring
implementation
function in the Bank.
Board of Directors
2
duty and responsibility
GCG Practice Potential
0,35 – B
The Board of Directors carries duty and responsibility by
2
implementing GCG principles appropriately.
implementation
In carrying its duty and responsibility,the Board of Directors
3
Committee infrastructure
and duty implementation
has established several Committees to support Board of
0,20 – B
2
Commissioners duty and responsibility implementation as well as
complies with mandatory requirement and competency to carry
their duty and responsibility as the Committees.
Sharia Supervisory Board (DPS) has carried duty and
responsibility appropriately that ensures the Bank to perform its
business based on sharia principle.
Sharia Supervisory Board
4
duty and responsibility
0,20 – B
DPS conducted sampling test to several branches to ensure fund
2
collection and disbursement process has complied with sharia
implementation
principle.
Monitoring report delivery had been conducted timely to Bank
Indonesia.
Every fund collection, fund disbursement and service products
launched by the Bank had passed DPS opinion on product
5
Sharia principle
compliance with sharia principle. DPS performs monitoring
implementation on
on sharia principle implementation practically by conducting
fund collection and
0,10 – B
2
sampling test to Branch Office. Field finding based on conducted
disbursement and service
sampling test was not generally directed to the launched
activities
product but more to dissenting opinion or understanding on a
transaction, to the finding, the Bank will immediately settle based
on DPS opinion
BSM has internal policy and regulation which regulates conflict of
6
Conflict of interest
handling
interest. The conflict of interest handling had been appropriately
0,30 – CB
3
carried. The Management imposed firm punishment for every
violation due to conflct of interest without discriminating and
with deterred effect to the violators
Annual Report 2013
178
PT Bank Syariah Mandiri
BSM has implemented compliance function appropriately. BSM
has a Director who supervises Compliance Function who is
Compliance function
7
concern in handling the Bank compliance function.
implementation in the
0,10 – B
2
Bank
Compliance unit who carries compliance function independently
against operational unit supported with personnel with
adequate competency to assist effective compliance function
implementation
BSM has implemented internal audit function appropriately and
8
Internal audit function
implementation
independently against operational unit and supported with
0,10 – B
2
personnel with particular competency based on each division.
Competency of every Internal Audit Unit personnel is
continuously developed to support the Bank business growth
Appointed Public Accountant Office (KAP) is Ernst & Young,
affiliated Purwantono, Sarwoko & Surja which had passed
selection process amng Accounting Division, Audit Committee,
9
External audit function
implementation
0,05 – SB
1
Board of Directors and Board of Commissioners before appointed
to GMS.
Appointed KAP has adequate competency in their expertise and
has delivered management letter timely as well as able to work
professionally.
BSM has implemented prudential banking and risk management
principles appropriately in providing fund disbursement to
10
Legal Lending Limit
0,05 – SB
1
related party. Fund provision related policy and procedure will
be continuously updated referring with prevailing law and
regulation update.
BSM financial and non-financial condition disclosurehad been
appropriately carried and supported with Business Intelligence
Dashboard system with reporting which was delivered to the
Disclosure of financial and
11
non-financial condition,
GCG implementation and
management periodically.
0,15 – SB
1
BSM had disclosed financial and non-financial condition
disclosure to the stakeholders timely.
internal reporting
BSM internal report has been supported with MIS &
Datawarehouse application development by Operation Division
IT (IOD) and IT Assurance Division (ISD) professional experts.
Composite Score
1,85
“good”
Note:
Composit Score
Composite Score < 1,5:
1,5 ≤ Composite Score < 2,5:
2,5 ≤ Composite Score < 3,5:
3,5 ≤ Composite Score < 4,5:
4,5 ≤ Composite Score < 5:
PT Bank Syariah Mandiri
Composite Predicate
Very Good
Good
Fair
Less Good
Not Good
179
Annual Report 2013
CORPORATE
GOVERNANCE
2. Consolidated GCG Self-Assessment
Following are result of Consolidated GCG SelfAssessment for 2013 period:
A GCG assessment practice carried autonomously
by BSM using certain indicators applied by
the holding (Bank Mandiri) in every semester.
Holding Company GCG Self-Assessment Table
No.
Weight
(%)
Assessed Factors
1st Semester
2013 Rating
2nd Semester
2013 Rating
(b)
(a)x(b)
(b)
(a)x(b)
10
2
0.200
2
0.200
20
1
0.200
1
0.200
(a)
2
Board of Commissioners duty and responsibility
implementation
Board of Directors duty and responsibility implementation
3
Comittees infrastructure and duty implementation
10
2
0.200
2
0.200
4
Conflict of interest handling
10.
2
0.200
3
0.300
5
Compliance function implementation in the Bank
5
2
0.100
2
0.100
6
internal audit function implementation
5
2
0.100
2
0.100
7
External audit function implementation
Risk Management and internal control function
implementation
largeexposures)/ Fund provision to related party and large
exposures
5
1
0.050
1
0.050
7.5
2
0.150
2
0.150
7.5
1
0.075
1
0.075
15.
1
0.150
1
0.150
5
2
0.100
1
0.100
1
8
9
10
Disclosure of the Bank financial and non-financial condition,
GCG implementation and internal reporting
11
Bank Strategic Plan
Composite Score
100
Predicate
1.525
“good”
1.575
“good”
monitoring, the Board of Directors is fully in charge
in managing the company, while, Sharia Supervisory
Board ensures that the bank’s products do not violate
sharia principles.
Referring to Sharia Commercial Bank Annual GCG
Self-Assessment, BSM is obligated to prepare
general summary of implemented GCG practice as
reporting part to the OJK
D. GCG Mechanism and Structure
2. GCG Structure
1. GCG Mechanism
GCG implementation achievement in the Bank
is supported with GCG organ role and function
effectiveness comprising of General Meeting of
Shareholders (GMS), Board of Commissioners, Board
of Directors and Sharia Supervisory Board. The Organs
are GCG main infrastructure where n carrying their
dutie sand responsibilities are also supported with
supporting organ and infrastructure such as working
proecedure, corporate governance manual as the
General Meetings of Shareholders (GMS) takes
keyd ecision making based on the Company’s
interest by concerning Articles of Association and
other prevailing law and regulation. The bank
has determined clear authority and responsibility
segregation, where the Board of Commissioners is
repsonsible on Company’s management performance
Annual Report 2013
180
PT Bank Syariah Mandiri
Good Corporate Governance Structure
Good Corporate Governance Structure
Transparency
Transparency
Accountability
Accountability
Responsibility
Responsibility
Professional
Professional
Fairness
Fairness
Structure (Core Organ)
Struktur/Organ Inti
AGMS
RUPS
Dewan
Pengawas Syariah
Sharia
Supervisory
Board
Boards
ofPengawas
Shariah Supervisory
DewanPengawas
Syariah
Dewan
Syariah
Boards of Shariah Supervisory
Direksi
Board of
Directors
Board
Of Directors
Direksi
Direksi
Board Of Directors
Dewan
Komisaris
Board
of Commissioners
Board
of Commissioners
Dewan
Komisaris
Dewan
Komisaris
Board of Commissioners
Comittee
Komite
Structure (Support Organ)
Struktur/Organ Pendukung
Investor Relation
Hubungan Investor
Corporate Secretary
Corporate Secretary
Audit Comittee
Komite Audit
CSR
CSR
SKAI
SKAI
Risk Monitoring
Komite Comittee
Pemantau Risiko
Corporate Values
Corporate Values
Risk Management
Manajemen Risiko
Remuneration
Komite and
Nomination
Remunerasi
& Comittee
Nominasi
Communication
Communication
Compliance
Compliance
Guidance and Reporting
Pedoman dan Pelaporan
GCG Charter
Compliance Charter
Internal Audit Charter
Piagam GCG
Piagam kepatuhan
Piagam Audit Internal
Code of Conduct
Code of Conduct
IT Policy
Operational Procedure
Prosedur Operasional
Risk Management Policy
Internal Circular
Surat Edaran Internal
Internal Control Policy
Kebijakan Informasi
Teknologi
Kebjakan Manajemen
Risiko
Kebijakan Pengendalian
Internal
La-Risywah
La-Risywah
Self Assessment GCG
Self Assessment GCG
Annual Report
Annual Report
PT Bank Syariah Mandiri
181
Annual Report 2013
CORPORATE
GOVERNANCE
d. Approval of Public Accountant Office appointment
to audit the Company’s Financial Statement for
year ended on December 31st, 2012.
management principal code which will be further
disclosed on several charters, policies and Standard
Operating Procedures (SOP) as GCG Implementation
reference in BSM.
1) Appointing Purwantoro, Suherman and Surja
Public Accountant Office (a member firm of
Ernst & Young Global Limited) as Independent
Auditor to audit Financial Statements of the
Company for fiscal year ended on December
31st, 2013.
E. General Meetings of Shareholders
GMS is most essential organ than other organs of a
Company. The General Meetings of Shareholders (GMS)
is the highest authority and held every authority which is
not delegated to the Board of Commissioners and Board
of Commissioners. The GMS has an authority to appoint
and dismiss the member of Board of Commissioners,
Sharia Supervisory Board and Board of Directors,
evaluating performance of Board of Commissioners, Sharia
Supervisory Board and Board of Directors, authorizing
Articles of Association amendment, providing approval on
annual report, determining income realization allocation,
appointing public accountant and stipulating amount and
2) Delegating authority to the Board of
Commissioners in stipulating remuneration
and other requirements for the Public
Accountant office, and appointing the Public
Accountant Office.
e. Approval of salary determination for Board of
Directors members, Honorarium for Board of
Directors members, Tantiem and other Benefits
determination for all of Board of Directors
and Board of Commissioners members in the
Company.
type of the managment’s remuneration and facility.
f. Approving Honorarium and Facility/Allowance
determination for Sharia Supervisory Board.
1. Annual General Meetings of
Shareholders
g. Approval of Company’s zakat payment for fiscal
year ended on December 31st, 2012 amounting
to Rp28,131,606,226 (twenty eight billion one
hundred and thirty one million six hundred and
six thousand two hundred and twenty six rupiah),
BSM held 1 (one) General Meetings of Shareholder
which was Annual (AGMS) at Wednesday, May 29th,
2013 with several decisions as follows:
h. Changes in the Company’s management structure.
a. Board of Directors Report regarding Annual
Report of the Company and Board of
Commissioners Supervisory Duty Report for Fiscal
Year 2012
1) Honorary dismissing Mr. Abdillah as
Independent Commissioner since the closing
of PT Bank Syariah Mandiri Annual GMS
Closing for fiscal year 2012.
b. Approval of Annual Report including Financial
Statement and Board of Commissioners
Supervisory Duty Report authorization ended on
December 31st, 2012 and delegating acquit et de
charge to entire members of Board of Directors
and Board of Commissioners serving in 2012 for
management and supervisory duties carried in
fiscal year 2012.
2) Receiving and confirming the resignation of:
a) Mr. Tardi as Commissioner, and
b) Mrs. Lilis Kurniasih as Commissioner.
3)Appointing:
a) Mr. Bambang Widianto* as Independent
Commissioner,
c. Approval of Company’s Net Income realization for
year ended on December 31st, 2012.
Annual Report 2013
182
PT Bank Syariah Mandiri
and seventy four) shares issued from the shares
portfolio. The entire shares acquired by PT Bank
Mandiri (Persero) Tbk. The shares deposit was
carried under non-cash (inbreng) mechanism
as land and building owned by PT Bank Mandiri
(Persero) Tbk., as follows:
b) Mr. Sulaeman as Commissioner, and
c) Mr. Agus Fuad as Commissioner.
That the Bank’s management composition as of
December 31st, 2012 was as follows:
1) Ownership Certificat No. 516/Empangsari,
blueprint as of 4-05/1986, No. 1773/1986,
covering 1,907 M2 located at Tawang District,
Tasikmalaya Regency, West Java Province,
Table of BSM Board of Commissioners Membership
Composition
Board of Commissioners
President Commissioner and
Independent Commissioner
Achmad Marzuki
Independent Commissioner
Ramzi A. Zuhdi
Komisaris Independen
Bambang Widianto*
Commissioner
Agus Fuad
Commissioner
Sulaeman
2) Building Certificates No. 0184/Kota Baru,
Appraisal Letter dated 16-08-2000, No.
00090/2000, vovering 1,183 M2 located
at Gondomanan District, Yogyakarta City,
Yogyakarta Special District Province, and
3) Owneship Certificate No. 27/Padang Jati,
Appraisal Letter dated 26-03-1986, No.
152/1986, covering 2,665 M2 located at
Gading Cempaka District, Bengkulu City,
Bengkulu Province.
Table of BSM Board of Directors Membership Composition
Board of Directors
President Director
Yuslam Fauzi
Director
Hanawijaya
Director
Amran P. Nasution
Director
Zainal Fanani
Director
Sugiharto
Director
Achmad Syamsudin
b. Amendment of Articles of Association Article 4
point 2, and Article 28 point 3, to be as follows:
Article 4 Point 2 stated, as follows:
From the Authorized Cpaital, 297,804,387 (two
hundred and ninety seven million eight hundred
and four thousand three hundred and eighty
seven) shares or par value of Rp1,489,021,935,000
(one trillion four hundred and eighty nine billion
twenty one million nine hundred and thirty
five rupiah) with detail of shares and par value
disclosed at the latest aprt of the Deeds ending.
2. PT Bank Syariah Mandiri
Shareholders Circular Decision
Pursuant to PT Bank Syariah Mandiri Shareholders
Circular Decision held on December 27th, 2013 and
stated on Deeds No. 20 dated January 22nd, 2014
made by Chairul Bachtiar, Bachelor of Law, Notary in
Jakarta, the Shareholders approved:
Article 28 Point 3 stated, as follows:
a. Additional Paid In Capital and Deposited Capital of
Rp30,778,370,000 (thirty billion seventy hundred
and seventy eight million thirty hunded and
seventy thousand rupiah) or 6,155, 674 (six million
one hundred and fifity five thousand six hundred
Placed capital as stated on Article 4 Point 2 had
been invested and fully paid by the Shareholders
using the Company’s cash, as follows:
1) PT Bank Mandiri (Persero) Tbk. by 297,804,386
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
183
Annual Report 2013
CORPORATE
GOVERNANCE
The Board of Commissiones is responsible to the
General Meetings of Shareholders (GMS). The Board of
Commissioners accountability to the GMS is the realization
of monitoring accountability actualization and Company’s
management related with GCG principle implementation.
(two hundred and ninety seven million
eight hundred and four thousand three
hundred and eighty six) shares or par value
of Rp1,489,021,930,000 (one trillion four
hundred and eighty nine billion twenty one
million nine hundred and thirty rupiah);
1. Board of Commissioners Duty and
Responsibility
2) PT Mandiri Sekuritas by 1 (one) share or par
value of Rp5,000 (five thousand rupiah);
a. Carrying duty and responsibility based on GCG
principle;
a) That entirely amounted to 297,804,387
(two hundred and ninety seven million
eight hundred and four thousand three
hundred and eighty seven) shares or par
value of Rp1,489,021,935,000 (one trillion
four hundred and eighty nine billion
twenty one million nine hundred and
thirty five rupiah);
b. Monitoring GCG implementationin every BUS
business activity at any level or organizational
position;
c. Montioring Board of Directors duty and
responsibility implementation, monitoring on
Board of Directors policy and providing advise to
the Board of Directors;
b) 100% (one hundred percent) from the
par value of paid-in and deposited apital
or amounted to f Rp1,489,021,935,000
(one trillion four hundred and eighty
nine billion twenty one million nine
hundred and thirty five rupiah) had been
fully placed by the Shareholders to the
Company’s cash.
d. Overseeing and evaluating BSM strategic policy
implementation;
e. Ensuring that the Board of Directors has followedup audit finding and/or recommendation
from Bank Indonesia, Internal Auditor, Sharia
Supervisory Board and/or External Auditor audit
result.
F. Board of Commissioners
f. Notifying Bank Indonesia the latest within 7
(seven) working days after the law and regulation
violation finding on finance and banking aspect,
and any event or forecast which may harm the
Bank’s business sustainability.
Pursuant to Law No. 21 of 2008 on Sharia Banking and
Bank Indonesia Regulation No. 11/33/PBI/2009 on GCG
Impelementation for Sharia Commercial Bank and Sharia
Business Unit, the Board of Commissioners has carried its duty
and responsibility professionally and independently referring
with Good Corporate Governance.
g. Monitoring the Bank’s business irsk and
management’s initiative to perform internal
control.
The Board of Commissioners is a Company’s organ which
is collectively in charge and responsible to perform
monitoring and provide recommendation to the Boar dof
Directors and ensure that PT Bank Syariah Mandiri (Bank) has
implemented Good Corporate Governance (GCG) in entire
level and organization position. The position of each Board
of Commissioners member including the President Director
is equal. Duty of the President Commissioner as primus inter
pares is to coordinate Board of Commissioners activity.
Annual Report 2013
h. Monitoring the Compliance Function.
i. Performing active monitoring on Compliance
Function.
j. Delivering recommendation to improve
Compliance Fucntion implementation quality.
184
PT Bank Syariah Mandiri
k. Monitoring the Bank Business Plan realization.
Delivering Bank Business Plan Supervisory Report.
l. Prohibited to be involved in the Bank’s operational
activity decision making except the decision
making for financing disbursement to the Board
of Directors as long the authority of the Board of
Commissioners is stipulated under the Articles
of Association or on the General Meetings of
Shareholders..
Independency
SPursuant to Law No. 21 of 2008 on Sharia Banking
and Bank Indonesia Regulation No. 11/33/PBI/2009 on
GCG Implementation for Sharia Commercial Bank and
Sharia Business Unit, the Board of Commisioners has
carried its duties and responsibilities professionally
and independently by referring to good corporate
governance. In 2013, the Board of Commissioners did
not have any shares both in BSM or other Companies.
Number of BSM Board of Commissioners members
is currently comprising of 5 (five) members. Three
or 60% of the Board of Commissioners members
are Independent Commissioner. Every Board of
Commissioners member does not have family
relationship to second heirs with other members of
Board of Commissioners and/or Board of Directors
2. Board of Commissioners
Shareownership and
Table of Board of Commissioners Shares Ownership and Independency
Jabatan
Saham di BSM
Saham di Perusahaan Lain
Status
Independensi
Achmad Marzuki
President
Commissioner
None
None
Independent
Ramzi A. Zuwhdi
BOC Member
None
None
Independent
Bambang Widianto*
BOC Member
None
None
Independent
Agus Fuad
BOC Member
None
None
Not Independent
Sulaeman
BOC Member
None
None
Not Independent
Nama
3. Board of Commissioners
Membership Composition
The Board of Commissioners is appointed by the GMS
by prior participating on fit and proper test based
on prevailing regulation as well as Bank Indonesia
Regulation.
The Board of Commissioners collectively has an
expertise to carry mandated responsibility. The
Board of Commissioner has adequate understanding
and competency that in facing any occurring issue
on the Bank’s business activity, taking decision
independently, encouraging the Bank’s performance
improvement and effectively reviewing and providing
constructive recommendation to the Board of
Directors performance.
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
185
Annual Report 2013
CORPORATE
GOVERNANCE
Table of BSM Board of Commissioners Memebrship
Composition
No
Name
Position
Appointment Period
Legal Basis
1st Period
2nd Period
1.
Achmad Marzuki
President Commissioner
and Independent
Commissioner
2.
Ramzi A. Zuhdi
Independent
Commissioner
• Deeds No. 10, GMS dated June 19, 2008
• Deeds No. 19, GMS dated June 28, 2011
Juni 2010 – Juni 2015
-
5.
Bambang Widianto*
Independent
Commissioner
• Deeds No. 24, GMS on May 29, 2013
Mei 2013 – Mei 2018
-
3.
Agus Fuad
Commissioner
• Deeds No. 24, GMS on May 29, 2013
Mei 2013 – Mei 2018
-
4.
Sulaeman
Commissioner
• Akta No. 24, RUPS tanggal 29 Mei 2013
Mei 2013 – Mei 2018
-
• Deeds No. 10, GMS dated June 19, 2008
• Deeds No. 19, GMS dated June 28, 2011
Juni 2008 – Juni 2011
Juni 2011 s.d.
Juni 2016
4. Board of Commissioners
Monitoring and Recommendation
process will be carried in fast and prudent
manners;
In carrying its duty and responsibility, among others
monitoring and providing advise, the Board of
Commissioners communicates throughout several
forum namely formal and informal meeting as well as
written letter to the Board of Directors.
d) Improving synergy between business unit with
risk assessment unit;
e) Ensuring competency of staff and executives
related with financing activity which has met
minimum required competency, that every
financing process can be performed in fast,
accurate and prudent manners.
In supporting effectiveness of its duty and
responsinility implementation, the Board of
Commissioners has established several committees
sucha s Audit Committee, Risk Monitoring Committee
and Remuneration and Nomination Committee.
f) Increasing audit function and procedural
compliance, financing administration order,
and internal control effectiveness on financing
disbursement process;
Based on the result of performance realization
monitoring, the Bank working program
implementation and to support sustainable growth,
the Board of Commissioners recommended several
aspects to be continuously concerned by the
management in improving and increasing the Bank’s
performance, namely as follows:
g) Disbursing fiancning to attractive and netral
sectors;
h) Periodically monitoring financing customers
condition;
a) Preparing comprehensive working plan including
per financing segment and per working unit.
i) Implementing risk management on financing
process by applying four eye principles method
optimally;
b) Optimizing business unit performance,
particularly financing to be optimally executed.
j) Proposing early warning signal per segment
and sector to anticipate current customers
collectability decrease;
c) Reviewing financing process aiming that the
Annual Report 2013
186
PT Bank Syariah Mandiri
5. Board of Commissioners Dual
Position
k) Disbursing financing/receivables in prudent and
sound manners;
l) Disbursing financing to highly attractive or
attractive economy secotr;
The Board of Commissioners complies with dual
position regulation. The current dual position served
by the Board of Commissioners members is still
allowed under the Dual Position Regulation stated
that 2 (two) board of Commissioners members also
serve as Executive Officers at 1 (one) company as the
Bank’s shareholders.
m) Preventign financing disbursement which
requires special expertise does not mastered by
the Bank;
n) Disbursing financing in prudent and sound
manners with financing focus on retail and micro
segment;
6. Board of Commissioners Meeting
o) Ensuring liabilities payment continuity by
monitoring effective financing;
p) Increasing fee-based income;
q) Controlling overhead cost by maintaining budget
discipline and efficiency in entire activity;
r) Identifying ineherent risk in every Bank’s risk
as well as top ten risk in every working unit to
support risk mitigation implementation by each
working unit;
The Board of Commissioners held Board of
Commissioners meeting minimum once a month. This
as regulated under PBI No. 11/33/PBI/2009 on Good
Corporate Governance Implementation in Sharia
Commercial bank, Article 14, where the Board of
Commissioners has to hold meeting at least 1 (once)
in every 1 (two) months.
Type of meetings participated by the Board
of Commissioners comprising of Board of
Commissioners meeting, Board of Commissioners
and Board of Directors Joint Meeting, and Board of
Commissioners Joint Meeting with Sharia Supervisory
Board.
s) Performing door to door collection to retail
customers, both on pass or non-perofmring
category;
a. Board of Commissioners Meeting
t) Monitoring financing customers, not only from
the financing account but also from current
account and saving account of the customers as
the settlement source and monitoring customers
account activity.
Meeting held by the Board of Commissioners
to discuss Board of Commissioners duty and
implementation to carry monitoring and
providing advise to the management.
b. Board of Commissioners and Board of Directors
Joint Meeting
u) Strengthening internal audit by refining policy
and/or standard procedure with flow chart
disclosing duty and responsibility of every office
rto simplify employees duty and responsibility
understanding.
Board of Commissioners and Board of Directors, or
Division Director Joint Meeting where the meeting
initiative proposed by the Board of Commissioners
with agenda of the Bank business management
practice.
v) Assertiveness and/or speed in taking decision on
fraud proven employees that will drive deterren
effect;
c. Board of Directors and Board of Commissioners
Joint Meeting
w) Developing the bank’s employees knowledge
and understanding on sharia principle
implementation.
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
187
Annual Report 2013
CORPORATE
GOVERNANCE
Board of of Commissioners and Board of Directors,
or Division Director Joint Meeting where the
meeting initiative proposed by the Board of
Directors with agenda of the report from several
activities namely Bank performance, Bank
Soundness Level, Bank Risk Profile, Bank Strategic
initiative, such as Corporate Plan, Core Banking
System, Saturn Project and others.
transporatation facility, health insurance facility,
telecommunication facility and other facilities.
Table of Board of Commisisones Remuneration Package
Type of Remuneration
Package
Total Meetign 2013
Rupiah
5
10.637.694.030
Total
131.233.092
5
10.768.927.122
* ) calculated in Rupiah equivalent
a. Board of Commissioners Annual Remuneratio
Total remuneration received by the member of
Board of Commissioners in one year is classified
into remuneration level as illustrated on following
table:
Table of Board of Commissioners Meeting 2013
Meeting
Person
2. Other Facilities*) :
a. Can be Owned
b. Can not be Owned
Throughout 2013, total meeting held by the Board
of Commissioners was reaching to 33 meetings.
Particuallry for the Board of Commissioners meeting
implementation in 2013, held at 13 meetings and
always chaired by the President Commissioner
No
Board of Commissioners
1. Remuneration
d. Board of Commissioners and Sharia Supervisory
Board Joint Meeting
Board of Commissioners and Sharia Supevisory
Board Joint Meeting with agenda of sharia
principle implementation compliance on the
Bank’s business activity.
Total Package in 1 Year
Table of Board of Commissioners Members Remuneration
Package
1
Board of Commisisoners Meeting
13
2
BOC – BOD Joint Meeting
7
3
BOC – DPS Joint Meeting
1
4
BOD – BOC Joint Meeting
12
more than Rp2 billion
-
33
more than Rp1 billion to Rp2 billion
-
more than Rp500 million to Rp1 billion
5
less than Rp500 million
-
Total
7. Board of Commissioners
Remuneration Policy
Total remuneration *)
per person in 1 Year
Total BOC members
*) Received in cash
b. Highest and Lowest Salary Ratio
Remuneration package for the Board of
Commissioners, Board of Directors and Sharia
Supervisory Board is stipulated on the General
Meetings of Shareholders (GMS). The remuneration
package determined on the GMS is including:
The highest and lowest salary ratio is stated on
comparison scale, as follows:
a. Remuneration as income in non-natura form
namely salary, benefit, bonus and other
remunerations; and
b. Other facilities as the facilities received
in natura form such as housing facility,
Annual Report 2013
188
PT Bank Syariah Mandiri
a. Monitoring Function Implementation by
the Board of Commissioners
Table of Board of Commissioners Members Salary
Description
RaTio
Highest and lowest Commissioners salary ratio
1.1 : 1
Highest and lowest Directors salary ratio
1.1 : 1
Highest Directors and highest employees salary
2.7 : 1
Highest and lowest employees salary ratio
25.8 : 1
1) Board of Directors and Board of
Commissioners Joint Meeting
a) Bank Performance Report
The Bank Perforamnce Report discusses
financial and non-financial target
realization. The Board of Commissioners
provided opinion, recommendation
and advise regarding performance
and current issues including upcoming
working plan implementation.
Remuneration package for the Board of
Commissioners refers to shareholders decision
as implemented on the GMS by concerning
recommendation provided by the Remuneration and
Nomination Committee.
8. Board of Commissioners Training
and Certification
(1) Bank Performance Report namely
discusses realization compared
with the target and other factors
determining the target realization
or failure. Discussed financial
performance are namely assets,
quality, earning assets, financing,
securities, third party fund, profit
sharing income and expense,
overhead cost, profit, fee – based
income, CAR and other financial ratio.
To improve and develop competency in supporting
the implementation of duty and responsibility, the
Board of Commissioners participated on several
events in 2013, as follows:
a. Executive Distance Learning on Islamic Banking
Training, Karim Bussiness Consulting, June 2013;
b. Level 1 Banking Risk Management Competency
Certification, Banking Professional Certification
Institute (LSPP), December 14th, 2013; and
(2) Non-Financial target and achievement
and other factors determining the
target realization or failure. Discussed
non-financial performance are
namely corporate plan, core banking
system, Saturn Project, office network
development, ATM network, human
resources, etc.
c. Level 2 Banking Risk Management Competency
Certification, Banking Professional Certification
Institute (LSPP), December 21st, 2013
9. Board of Commissioners
Supervisory Reprot
As end of 2013, the Board of
Commissioners assessed that the
Bank delivered progressive growth
but, on the other hand, the Board
of Commissioners underlined a
concern on increasing fraud and nonperforming financing which brought
The Board of Commissioners seeks to carry its duty
and responsibility professionally based on good
corporate governance. The Board of Commissioners is
committed to be proactive in implementing the Bank
audit functionboth during the corporate strategic
plan formulation, preparation and implementation
of the Bank business plan, performance monitoring
as well as risk management and Good Corporate
Governance implementation process.
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BSM established GCG Ambassador Forum
consisted of employees representatives
in branch offices. The forum is aimed to
ensure GCG principles implementation on
the Bank’s operational
Self-Assessment. The Bank’s soundness
level is applied to measure management’s
capacity in managing the bank during
particular period under economic and
financial industry condition. The Bank
Soundness Level Self-Assessment in 2013
is as follows:
an impact to decreasing income and
several financial ratio of the Bank.
Moreover, core banking system
implementation which is currently
under progress was also concerned to
be finished on schedule.
The Bank’s performance as of
December 2013 was also concerned
by the Bank’s internal and external
factors. The Bank’s internal factor
was including Core Banking
System implementation which is
currently under progress to the 1st
Semester of 2014, the Bank focuses
in handling and/or settling nonperforming financing, organizational
transformation from product to
customer centric. On the other
hand, external factor of the Bank
constituted Indonesian Economic
Growth which in 2013 booked 5.78%
growth, Increasing BI Rate in several
time since the beginning of 2013
which was 5.75% to 7.50% as of
November 12th, 2013 and Rupiah
depreciation against US Dollar.
(1) Capital
Minimum Capital Adequacy Ratio
of the Bank was at rating 1 (one) or
Very Good level in 2013. CAR as of
December 31st, 2013 was booked
at 14.11% or exceeding minimum
ratio of 8.00%. The Bank received
additional placed and paid-in capital
as inbreng amounted to Rp30.78
billion on December 27th, 2013.
(2) Assets Quality
Assets Quality Ratio in 2013 was
at rating 2 (two) or Good level. The
Earning Assets Quality Ratio in 2013
was around 0.96 to 0.97.
BSM established GCG Ambassador
Forum consisted of employees
representatives in branch offices.
The forum is aimed to ensure GCG
principles implementation on the
Bank’s operational
b) Bank Soundness Level Trend
Pursuant to PBI No. 9/1/PBI/2007 dated
January 21st, 2007 on Sharia Principle
Based Commercial Bank Soundness
Level, the Bank conducted Soundnes Levl
Annual Report 2013
(3) Rentability
Rentability Ratio was relatively
fluctuated in 2013 swinging between
rating 2 (two) and 3 (three). Net
Operating Income Ratio was around
190
PT Bank Syariah Mandiri
(1) Credit Risk
During January to September 2013,
credit risk predicate was low to
moderate though during October to
December 2013 the predicate shifted
to moderate. This was due to increase
in NPF, where on December 31st,
2013, NPF Gross ratio was at 4.32%,
NPF net Ratio at 2.29% and NPF
Absolute at Rp2.17 trillion.
1.52% to 2.51% in 2013, where the
Rentability Ratio booked at 1.63% in
2013 with Fair predicate.
(4) Liquidity
Liquidity Ratio was at acceptable level
in 2013. Short Term Mismatch (STM)
Ratio was around 16.91% to 19.47%
in 2013 where reached to 18.35% in
December 2013 or at Ratin 3 or Fair
level.
(2) Market Risk
In 2013, market risk predicate was
low. This was due to the Bank did
not have high exposure containing
market risk.
(5) Sensitivity to Market Risk
Throughout 2013, sensitivity ratio
against market risk was excellent
reached to rating 1 (one). The ratio
indicated that the Bank’s market
risk was very low and market risk
management implementation is
carried effectively and consistently.
(3) Liquidity
In 2013, liquidity risk predicate was
low to moderate. The low to moderate
liquidity risk predicate dinciated that
the Bank liquidity risk management
was good.
(6) Management
Component score of the Management
in 2013 refers to general to
compliance management ratio which
had A or 1 (one) rating while the risk
management ratio was at B or 2 (two)
rating. Throughout 2013, the Bank
Soundness Level generally reached
composite rating of 2 (two). This
reflected the Bank’s condition was
relatively good and the management
was able to overcome negative
impact from economic condition
and financial industry. The Bank also
strengthened risk management and
internal control system infrastructure.
(4) Operational Risk
In 2013, operational risk predicate
was moderate. This indicated that the
Bank operational risk management
was fair
(5) Legal Risk
During January to May 2013 period,
Legal Risk predicate was moderate,
thus, during June to December
shifted to moderate to high predicate.
The moderate to high predicate on
the legal risk was due the Bank faced
litigation in the Court.
(6) Reputation Risk
During January to February 2013,
reputation risk was at low to
moderate predicate, in March to
September 2013 was improved to
low predicate though during October
to November 2013 increased to
Moderate to high predicated ue
to several case reporting of Bogor
c) Bank Risk Profile Trend
Risk Profile discloses illustration of
inherent risk level in entire Bank’s activity
and risk mitigation system adequacy.
Risk profile as of December 31st, 2013
position indicated the Bank composite
risk predicate was moderate.
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BSM held Knowledge Management Kick-Off. The
program is a strategic initiative to develop skill and
transfer knowledge acceleration learning process to all
BSM Management.
System, Cash Transaction Report,
e-Channel Interface, Payment Point
via Teller and Central Bank Reports
Phase 1) had been completely
implemented on March 1st, 2012;
Branch office to Police Department on
September 12th, 2013. In December
2013, reputation risk was declining to
low to moderate predicate menjadi
predikat low to moderate.
(7) Strategic Risk
During January to March 2013
period, strategic risk predicate was
low to moderate. Increasing in
April to July 2013 to moderate. In
August to December 2013, raised to
Moderate to high. This will become
main concern of the Board of
Commissioners due to less favorable
growth from financing quality, CBS
slow settlement, wtc.
(2) Phase 2
a) Phase 2 Group 1 (PDB, Rahn,
Murabahah, Forex Treasury, Money
Market Treasury and CRM)..
b) Phase 2 Group 2 (Mudharabah,
Musyarakah, LOS and SDB).
c) Phase 2 Group 3 (Ijarah, Qardh,
Istishna, Murabahah, Channeling,
Collection, Trade Finance, Syndication
Loan, Securities, Internet Banking and
PMS).
(8) Compliance Risk
In 2013, compliance risk predicate
was low. This indicated that the
Bank is committed to comply with
prevailing regulation.
d) Core Banking System
As of December 2013, Core Banking
System realization was as follows:
(1) Phase 1
Phase 1 (COA Re-engineering, Outlet
Code Re-engineering, Retail System,
Time Deposit System, General Ledger
System, Customer Information
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192
CBS (Core and Non-Core) Completion
Progress as of December 31st, 2013
realized to 93.02% or booked 3.17%
gap if compared with the target
which was 96.19%. The realization
consisted of Core at 96.67% or
booked 0.22% gap if compared
with target of 96.88% and Non-Core
completion realization reached to
68.61% or booked 22.93% gap if
compared with implemented target
which was 91.54%.
PT Bank Syariah Mandiri
financing culture, etc. that the financing
disbursement can be executed in prudent
and quality manners.
d) Saturn Project
Saturn Project progress realization
as of December 2013 constituted 6
(six) initiatives (i.e.: Risk Management,
Mandiri Network Leverage Branch,
Product Development and e-Channel
Network, Micro Banking, Commercial
Banking and Corporate Banking)
reached to 98.16% if compared with
target stipulated for December 2013
period.
b) Audit Result Action Plan
Throughout 2013, the Board of
Commissioners held several meetings
witht he Board of Directors (Joint
Meeting) to discuss audit result action
plan, both carried by Internal and External
auditors. Referring to the audit result
disclosed periodically, there was several
frauds executed both by head of unit
or employees in the Bank. Moreover, to
enforce Good Corporate Governance
(GCG) practice, on september 12th,
2013 the bank has reported fraud
event conducted by Executives and
employees at Bogor Branch to the Police
Department.
2) Board of Commissioners and Board of
Directors Joint Meeting
In 2013, several agenda discussed on the
Board of Commissioners and Board of
Directors or Division Director Joint Meeting,
among others:
a) Non-Performing Financing Handling
Throughout 2013, the Board of
Commissioners held several meeting with
the Board of Directors (Joint Meeting)
to discuss Non-Performing Financing
issue and handling. Moreover, the
Board of Commissioners also intensively
conducted monitoring (through
Audit Committee and Risk Monitoring
Committee) by organizing weekly
meeting with Non-Performign Finance
Settlement Team to assess NPF handling
and/or settlement both per customer or
per financing segment.
Considering aforementioned condition,
the Board of Commissioners asked the
Board of Directors to arrange several
programs to develop employees integrity
and competency, strengthen early
warning system, enhancing the Bank
internal control system effectiveness and
impose punishment to certain party who
committeed fraud and/or violation to be
implemented rapidlyand accurately and
in compliance with prevailing law and
regulation.
c) Human Capital Management
The Board of Commissioners placed major
concern on Human Capital management
as key factor in developing the Company.
The Board of Commissioners appealed
the Board of Directors to develop
employees integrity and competency,
advance talent management program,
conduct rotation and mutation, provide
reward and punishment, etc.
The Board of Commissioners proposed
the Board of Directors to prepare NonPerforming Financing handling and/
or settlement crash proram, develop
employees integrity and competency,
strengthening financing organization
starting from front end, middle end,
risk management, financing operation
and back end (end to end financing
process), conduct legal audit, bolster
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3) Board of Commissioners and Sharia
Supervisory Board
In general, the Bank average compliance level
decreased from 91.82% in 2012 to 89.97% in
2013. This was affected by several decreasing
index with the largest contribution from
Regulation Index, APU & PPT Index and GCG
Index.
The Board of Commissioners concerned
on sharia principle compliance. One of the
actualization of the Board of Commissioners’
concern is by conducting coordination
meeting with the Sharia Supervisory Board
aiming to optimize monitoring against sharia
principle implementation on the Bank’s
business activity and develops role of Sharia
Supervisory Board to expand the Bank’s
business.
To improve compliance function in the
Bank, the Board of Commissioners proposed
the Directors who supervises compliance
function to carry several activities, as follows:
a) Reviewing and developing Compliance
Auditor (PKP) role and function;;
The Board of Commissioners encouraged
the Sharia Supervisory Board to deisgn new
opinion and/or regulation regarding several
products to support Sharia Banking business
growth acceleration
b) Reviewing compliance index assessment
method in the bank related with audit
result both carried by internal and
external auditors.
5) On The Spot Monitoring
To maintain and improve compliance on
sharia principle, the Board of Commissioners
proposed to the Board of Directors to develop
employees competency particularly for Head
of Unit regarding sharia aspect including nonmurabahah agreement products.
The Board of Commissioners placed major
concern on financing management and
risk control system development which
apparently have not been effective yet.
Therefore, the Board of Commissioners
also conducted On The Spot Monitoring to
working units of BSM Branch Offices and
providing advise to the employees in BSM
Branch Office particularly branch with high
NPF ratio and audit findings to acquire
more profound information and providing
direct advise or recommendation to visited
working unit. The Board of Commissioners’
recommendation was including integrity
strengthening and employees competency
development, compliance to the SOP,
motivation prvision, etc.
4) Compliance Performance Report
The Board of Commissioners performed
monitoring on the Bank’s compliance
function throughout performance report and
compliance audit result carried by compliance
unit. Deterimining score or ratio is compliance
index. On the compliance index as the Board
of Commissioners concern are realization
of several indicators such as Corporate
Compliance Index (CCI), Compliance Risk
Index (CRI), Compliance Certificate (CC),
Compliance Self Assessment (CSA), Zero
Defect Index (ZD), Regulation index (RI),
Division Compliance Index (DCI), Branch
Compliance Index (BCI), PKP Performance,
APU & PPT Index, Compliance Procedure
Index, Code of Conduct, and GCG Index.
Annual Report 2013
On The Spot Monitoring carried by the Board
of Commissioners included several outlets in
various cities namely DKI Jakarta (3 Branch
offices), North Sumatera (4 Branch Offices),
Jambi (1 Branch Office), South Sumatera (5
Branch Offices), East Java (13 Branch Offices),
Central Java (9 Branch Offices) and West Java
(9 Branch Offices).
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PT Bank Syariah Mandiri
6) Good Corporate Governance
Implementation
Good Corporate Governance practice is
carried by the Bank referring to five principals
(transparency, accountability, responsibility,
professionalism and fairness). The corporate
governance principle implementation is
including:
a) Transparency: the Bank has developed
accounting system based on prevailing
sharia accounting standard to produce
qualified financial report and has
socializedthe Bank financial report,
disseminated the bank’s products to
the customers, implements third party
products and services procurement
procedure for the Bank’s operational
needs under certain process and
mechanism carried in fair and transparent
manners, the Bank also hired service from
independent and professional external
auditor.
b) Accountability: the Bank has determined
clear responsibility of each organization
organ and design organization structure
which able to accommodate organization
necessity. The Bank has had a fair,
objective and competitive employees
recruitment system. The Bank also has
had a management remuneration system
based on competitive performance and
transparent.
c) Accountability: The Bank has complied
with third party reporting obligation (BI,
Bank Mandiri, PPATK) as well as regulation
implemented by the regulator, the Bank
has also performed Corporate Social
Responibility and managed alms and
qardhul hasan qardhul hasan.
d) Profesional: The Bank has had a
regulation which segregates official
and personal interest and able to take
objective and free from conflict of interest
decision, the Bank will seek to develop
PT Bank Syariah Mandiri
195
employees integrity, competency and
capability throughout several trainings
(internal and external).
e) Fairness: The Board of Commissioners
and Board of Directors have performed
authority and responsibility based
on limitation as stated on the Articles
of Assocition and other prevailing
regulation. The Bank has provided reward
for every achievement and objective and
educated punishment for every proven
violation.
b. Board of Commissioners Manual
The Board of Commissioners has complied with
action plan based on PBI on GCG constituting
BSM Board of Commissioners Procedure and
Manual drafting as the amendment of former
Board of Commissioners Procedure and Manual.
The Manual regulates principal duty, organization
structure, work ethic, working hour and Board of
Commissioners meeting implementation.
c. Conclusion
The Board of Commissioners assessed that the
Bank grew progressively as of December 31st,
2013 while took a concern on fraud event and
increasing non-performing financing which
affected to decreasing income achievement and
several key financial ratio of the Bank which are
currently under process to be concerned and
settled based on determined schedule. On the
other hand, the Board of Commissioners assumed
that the Bank has implemented Good Corporate
Governance in managing the bank’s business
activity.
Based on the audit result of performance
realization, the Bank’s working program execution
and to support sustainable growth, the Board of
Commissioners disclosed several aspects for the
management’s concern as the corrective action
and improvement of the bank’s performance,
including:
Annual Report 2013
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BSM always carries out internal
consolidation to support sustainable
growth and business target realization.
The effort is indicated to continuously
encourage BSM to grow higher that will
maintain its position a leading sharia bank
nationwide.
e) Performing outlet intensification and/or
productivity development;
1) The Bank capital has to be able to support
expected business expansion plan and
growth, though the Capital Adequacy Ratio
remains stable, the Bank needs to attempt
several efforts, as follows:
f) Developing HR Organization and
Recruitment on Financing Operation
Center (FOC) and Back End Financing;
a) Realizing additional shareholders capital
plan based on schedule.
g) Monitoring financing customers
condition periodically;
b) Disbursing fund on earning assets with
low RWA ratio.
h) Designing crash program to handle nonperforming financing;
2) To develop financing trend based on
sustainable growth and improve earning
assets quality, the Bank needs to advance
several initiatives in concrete and sustaibanle
manners, namely:
i) Strengthening Early Warning System
per financing segment to anticipate
decreasing collectability of financing
customers;
j) Ensuring that staffing unit of Regional
Representative Financing Recoevery
(RRFR) in Branch/Regional Office is on
dedicated base and function as planned;
a) Strengthening credit culture
implementation;
b) Strengthening end to end financing
process;
k) Conducting legal audit to ensure
financing documentation completeness
including commitment of customers’
collateral;
c) Improving audit function and procedural
compliance, financing administration
order and internal control effectiveness
during the financing disbursmenet
process;
l) Increasing effectiveness of a Team that
specially handles and/or settles NPF both
in Head and Branch/Regional Office;
d) Disbursing financing on corporate
and commercial segments that the
disbursement process is both carried by
the bank independently or in cooperation
with Holding Company;
Annual Report 2013
m) Conducting stressing in financing
disbursement for retail and micro
segment, as high-cost fund disbursement.
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PT Bank Syariah Mandiri
In disbursing retail and micro segment
financing, the management needs to
perform several efforts, as follows:
c) Disbursing financing prudently and
implementing Four Eyes Principle on
financing process;
(1) Developing micro staff competency;
d) Increasing the Bank employees’ integrity,
competency and capability;
(2) Increasing management control to direct
sales officer
3) The Bank to maintain and increase rentability
throughout several aspects, as follows:
f) Identifying inherent risk in every Bank’s
risk;
a) Accelerating prudent and sound
financing growth;
g) Identifying Top Ten Risk in every unit to
simplify risk mitigation implementation
carried by each unit.
b) Performing intensive collection to nonperforming and written-off customers;
c) Conducting exit strategy to nonprospective customers;
5) Violation and/or Fraud Handling
d) Disbursing financing to very attractive
and attractive economy sector;
e) Preventing financing disbursement which
requires special expertise that is not
possessed b the Bank.
f) Disbursing financing in prudent and
sound manner with financing stressing on
retail and micro segments;
a) Conducting an alaysis to observe main
cause of violation and/or fraud event to
be immediatel mitigated (Early Warning
System);
b) Preparing Fraud case settlement
timeline and reporting the settlement
progress in monthly basis to the Board of
Commissioners.
c) Punishing the employee who is proven
committing violation and/or fraud in
rapid, firm and with deterrent effect,
independent in taking punishment
decision and not ignoring the employee
who is proven committing violation and/
or fraud.
g) Ensuring liability payment continuity
through effective financing monitoring;
h) Increasing Fee-Based income.
i) Controlling overheas by maintaining
budget discipline and efficiency in entire
activities.
6) Human Resources
4) To maintain the bank’s risk level on low risk
level with stable outlook, the Bank needs to
exercise several efforts, as follows:
a) Developing Human Capital management
effectiveness that the Bank’s Human
Capital to be more effective in performing
or reducing and/or preventing fraud
event;
a) Improving internal control;
b) Improving compliance against
implemented policy and/or SOP;
PT Bank Syariah Mandiri
e) Completing Core Banking System and
Saturn Project;
b) Developing employees competency
mainly on financing sector;
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7) Internal Control System
c) Ensuring the financing approval level
Executive with competenc development
of respective employee;
a) Strengthening internal control system in
entire line both in head office, regional
office and branch office as well as
bolstering Early Warning System;
d) Providing training for the bank’s executive
regarding leadership material;
e) Performing employees mapping mainly
staff level such as on position, title and
carreer path;
b) Enhancing authority of the Regional
Office at audit aspect both on product
sales or HR aspects;
f) Proposing the Bank’s exective to conduct
coaching for employees under his/her
supervision including at Branch Office.
Particularly regarding Service Excellent,
Financial Performance realization, GCG,
Sharia Compliance.
c) Conducting employees mutation and/or
rotation;
d) Settling audit findings both as Bank
Indonesia, Bank Mandiri and Internal
Audit finding by preparing settlement
timeline and action plan monitoring list
report;
g) Performing profound and comprehensive
analysis on employees background who
will be promoted as head of unit mainly
for Head of Branch or Supporting Branch
Office;
e) Appointing PIC and/or independent
unit (autonomous from internal control
system) functioned to establish and/or
analyze internal control system adequacy
and amy be proposed for responsibility if
any fraud occurred;
h) Appointing PIC who will perform
sustainable monitoring on the employees
(Know Your Employee), such as
employees lifestyle monitoring;
f) Performing verification on every
transaction and prohibited to provide full
trust to other parties;
i) Considering employees productivity level
aspect in fulfilling employees shortage to
be effective and efficient;
g) Optimizing audit unit forum to establish
internal control system corrective actions
in the Bank;
j) Aligning employees education and/or
training program with actual employees
needs namely through on the job
training, etc:
h) Proposing Internal Audit Division
(IAD) to monitor corrective action plan
implemented by the Branch Office.
k) Preparing long-term plan namely working
spirit, integrity building, conformity
between employees passion and
assignment, etc.;
8) Core Banking System
The Board of Commissioners proposed the
Board of Directors that:
l) Designing a system to encourage
employees discipline and/or compliance
to the regulation.
Annual Report 2013
a) The vendor to immediately handle several
issues on Core Banking System such as
performance, deferred accounts, etc.
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PT Bank Syariah Mandiri
b) CBS Team to monitor and appropriately
settle accounting data registered on
deferred account;
c) CBS Team to coordinate with task force
team in identifying and correcting data or
application as well as monitor suspence
account correction process;
d) CBS Team to finish gap exists as fo
December 2013;
e) CBS Team to concern CBS Project
Impelmentation plan timeline
comprehensively to be executed based
on implemented schedule;
f) Providing training as training for end
user..
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11. Board of Commissioners Brief Profile
Name and Position
Brief Profile
Indonesian citizen, born in Palembang on July 25, 1939. Graduated from Public Administration, Faculty of Social
and Political, Universitas Gajah Mada in 1964 and from Civil Law, faculty of Law, Universitas Indonesia in 1980.
Achmad Marzuki
President Commissioner and
Independent Commissioner
Before appointed as President Commissioner and Independent Commissioner in BSM, he was also served as
Senior Advisor for BSM Board of Commissioners, President Commissioner at PT Bumi Daya Plaza, President
Commissioner at PT Estika Jasatama, President Director at PT Bank Pembangunan Indonesia (Persero) and
Director of PT bank Bumi Daya (Persero).
Participated Trainings are namely| Business Workshop | Supervised Achievement Motivation Training &
Consultant | Insurance and Development Banking | Course on Development and Promotion Small Enterprises
oleh EDI/IBRD | Seminar Kejahatan Ekonomi di Bidang Perbankan | Top Management Program of Asian Institute |
Risk Management in Retail Banking.
Special Assignment: Chairman of BSM Remuneration and Nomination Committee.
Initial Appointment Basis: GMS on June 19, 2008.
Indonesian citizen. Born in Jambi, May 5, 1952. Graduated from Universitas Gajah Mada in 1972 and obtained
Master at IOWA State University in 1989.
Before serving as Independent Commissioner in BSM, he was also served as DPbS Director in Bank Indonesia
and Finance Director at PT Mekar Prana Indah. Presently, he also serves as Risk Management Assessor at
Indonesia Banking Professional Certification Institution (LSPP) and Post-Graduate Program Lecturer in
Universitas Indonesia.
Ramzi A. Zuhdi
Independent Commissioner
Participated trainings are namely| Jakarta, 2003: Couching & Counselling Skill (Manajemen IMMI)
| Washington DC, 2004: KRD-Credits for Reporting Purposes (Institute of Internal Auditors) | Jakarta, 2004: Risk
Management (Bank Indonesia) | Bandung, 2008: Total Image (Duta Bangsa Education Institution) | London, 2008:
MNJ-Advanced Leadership On Central Bank MGT & Poli (BSMR) | Jakarta, 2008: HR Arrangement Strategy (Daya
Dimensi Indonesia) | Jakarta, 2011: Certificate of Competence (Badan Nasional Sertifikasi Profesi) | Jakarta, 2011:
Competency Assesor Workshop (LSPP) | Frankfrut, 2012: Risk Management Certification Refreshment Program Level
3-level 5 (BARA).
Special Assignment: Chairman of Risk Monitoring Committee
Initial Appointment Basis: GMS on June 29, 2010
Indonesian citizen. Born in Jakarta on November 27, 1959, Graduated from Industrial Engineering from Institut
Teknologi Bandung in 1985, obtained Master of Art (MA) Degree majoring Computer Science in 1990 from
Northeastern University – Boston, USA in 1993 and Philosophiae Doctor (Ph.D) Degree majoring Economic in
1995 from Northeastern University – Boston, USA.
Bambang Widianto*
Independent Commissioner
Besides serving as member of BSM Board of Commissioners, he presently also serves as Deputy of Vice
President Secretary at Public Welfare and Povery Alleviation also as Executive Secretary of Poverty Alleviation
Acceleration national Team (TNP2K), Commissioner of PT Pos, Lecturer of Master Degree at Sekolah Tinggi Ilmu
Administrasi Lembaga Administrasi Negara Republik Indonesia, Lecturer at Master Program of Public Policy
and Planning – Faculty of Economy, Universitas Indonesia.
TParticipated trainings are namely Level 2 Risk Management Certification, Sharia Banking, etc.
Special Assignment: Members of Audit Committee and Risk Monitoring Committee
Initial Appointment Basis: GMS on May 29, 2013
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PT Bank Syariah Mandiri
Name and Position
Brief Profile
Indonesian citizen. Born in Sragen on August 9, 1959, Graduated from Faculty of Economy, Sekolah Tinggi
Ilmu Ekonomi Indonesia in 1994. Obtained Master of Management Degree in 1999 from Universitas
Airlangga.
Agus Fuad
SBesides serving as member of Board of Commissioners, he also served as Distribution Network I Group Head,
PT Bank Mandiri (Persero) Tbk. Previously, he also served as Distribution Network II Group Head, Bsuiness
Banking II Group Head, Regional X Regional Manager – Makassar, Regional I Regional Manager Deputy – Medan,
Banjarmasin Area Manager, Malang Merdeka Branch Manager.
Commissioner
TParticipated trainings are namely Sharia Banking, Level 4 Risk Management Certificate,
Coaching for Excellence Executive, Six Sigma Champion Workshop, The Looking Glass Experience,
ManagingCustomerRelationshipforProfit|LeadingStrategicGrowth&Change,etc.
Special Assignment: Member of Audit Committee and Remuneration and Nomination Committee
Initial Appointment Basis: GMS on May 29, 2013
Indonesian citizen, born in Bandung City on November 5, 1967. Graduated from Faculty of Agriculture
majoring Agronomy, Universitas Padjajaran in 1989. Obtained Master of Management in Marketing in 1997
from Universitas Gajah Mada.
Besides serving as Board of Commissioners members in PT Bank Syariah Mandiri, he also serves as Commercial
Risk Group Head in PT Bank mandiri (Persero) Tbk. Previously he also served as Corporate Risk Group Head,
Loan Approval Supervisory, Corporate Credit III Department Head, Act. Senior Credit Risk Manager, Corproate
Risk Management, etc.
Sulaeman
Commissioner
Particiapted Trainings are namely Sharia Banking | Columbia Senior Executive Program | Columbia Business School
| Ship Financing Business Workshop | Service Excellence For Senior Manager | Great Leader ProgramWorkshop and
Training | EUT E-Mandiri Easy | Senior Management Risk Summit | Level 4 Risk Management Certification| Upstream
Palm Oil Industry | Accountability Session 4DX | Advanced Bank Risk Analysis | Seminar Opportunities & Chalengges
of Indonesia | Manager Works Session Implementasi Executive | Strength Based Performance Coach, etc.
Special Assignment: Member of Risk Monitoring Committee
Initial Appointment Basis: GMS on May 29, 2013
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
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12. Executive Assistant to Commissioner
6. Ensuring the monitoring of Board of Commissioners
meeting and Board of Commissioners and Board of
Directors Joint Meeting result .
In 2013, Executive Assistant to Commissioner is
served by Nana Suryana. The Executive Assistant
to Commissioner is responsible to the Board of
Commissioners.
7. Ensuring availability of speech, press interview
and consideration material for the Board of
Commissioners;
Profile of Executive Assistant to Commissioner
Name and Position
Brief Profile
Indonesian Citizen, born in Jakarta on May 6, 1984. Graduated from Faculty of Economy
majoring Accounting, Universitas Nasional in 2005. Joining the BSM since October 1, 2009
as Complianec Officer at Compliance Division and on December 1, 2012 was appointed
as Executive Assistant to Commissioner. The training participated namely Level 2 Risk
Management Certification.
Nana Suryana
Executive Assistant to Commissioner
1. Ensuring that GCG implementation of Board of
Commissioners and Committees under the Board
of Commissioners based on prevailing regulation;
8. Evaluating seveal issues related with Board
of Commissioners finding on Board of
Commissioners supervisory duty, authority and
responsibility to the Board of Directors and the
bank and provides recommendation to the Board
of Commissioners to settle the issues;
2. Ensuring availability of Meeting material and
disclosing to each of Board of Commissioners
member;
9. Preparing letters required by the Board of
Commissioners addressed both to internal and
external party of the Bank;
3. Ensuring the attendance on Board of
Commissioners meeting and Board of
Commissioners and Board of Directors Joint
Meeting;
10.Preparing report for internal and exernal party
regarding Board of Commissioners duty and
responsibility implementation;
Duty and Responsibility of Executive Assistant to
Commissioner:
11.Ensuring that the Board of Commissioners
secretariat has comolied with retrieval document
administration standard (easy to be found);
4. Ensuring Mintues of Meeting availaibility on
Board of Commissioners meeting and Board
of Commissioners and Board of Directors Joint
Meeting based on stipulated SLA;
12.Ensuring that the Boardof Commissioners
document administration has been appropriately
conducted
5. Ensuring dissemination of Board of
Commissioners meeting and Board of
Commissioners and Board of Directors Joint
Meeting result by all Commissioners;
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PT Bank Syariah Mandiri
G. Sharia Supervisory Board
2. DPS Monitoring
DPS carries monitoring on BSM Sharia principle
compliance after considering recommendation from
related unit, including:
In carrying its business, BSM as Sharia Commercial Bank is
always supervised by Sharia Supervisory Board (DPS). DPS
as the representative of DSN – MUI at sharia financial entity
is independent. Every procedure or product, financing and
operational activity of BSM has to be approve dby DPS to
ensure its compliance with sharia principles.
a. Monitoring BSM new product development
process based on recommendation from related
working unit, in form of:
1) Proposing explanation from the Bank’s
authorized executive regarding purpose,
characteristic and agreement which will be
applied on newly launched product;
1. Duty and Responsibility of DPS
Duty and responsibility of Sharia Supervisory Board
(DPS) has referred to Bank Indonesia Regulation No.
11/33/PBI/2009 regarding GCG Implementation for
Sharia Commercial bank and Sharia Business Unit
comprising of:
a. Carrying duty and responsibility based on Good
Corporate Governance (GCG) principles;
b. Assessing and ensuring Sharia Principle
compliance on operational and product
manual issued by the Bank; referring with
recommendation and has been implemented by
related unit.
c. Providing sharia opinion on the Bank new product
development process that will comply with
regulation from National Sharia Board – Indonesia
Ulemma Board;
d. Proposing certain regulation to the National
Sharia Board – Indonesia Ulemma Board for the
Bank’s new product which has not been regulated
yet;
e. Performign periodic review on Sharia Principle
compliance towards fund collection and
disbursement mechanism as well as the Bank’s
service; and
3) Reviewing new product system and
proecedure related with Sharia Principle
compliance with related unit.
4) Providing sharia opinion on the newly
launched product
b. Performing monitoring onBSm activity based
on recommendation from related working unit,
throughout:
1) Analyzing report delivered by and/or
proposed from the Board of Directors, internal
audit function officer and/or compliance
function to assess Sharia Principle compliance
quality on fund collection and disbursement
activity as well as the Bank’s service.
f. Proposing data and information related with
sharia aspect from the Bank’s units to perform its
duties.
PT Bank Syariah Mandiri
2) Assesing whether the agreement applied
on the new product has been stated
under National Sharia Board – Indonesia
Ulemma Board (DSN – MUI) regulation. If
the regulation has been existed, DPS will
conduct analysis regarding conformity of
new product agreement and National Sharia
Board – Indonesia Ulemma Board regulation.
But, if there is no match regulation, DPS will
propose to the Board of Directors to equip
new product agreement with regulation
issued by National Sharia Board – Indonesia
Ulemma Board.
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4. Sharia Supervisory Board
Composition
2) Stipulating transaction sample to be assessed
by considering Sharia Principle compliance
practice quality from each activity.
After the issuance of PT Bank Syariah Mandiri Board
of Commissioners Decree No. 13/001/KEP/KOM
dated December 22nd, 2011 on Appointment of the
Bank Sharia Supervisory Board Appointment, DPS
Composition is as follows:
3) Assessing sampling transaction document
to observe Sharia Principle compliance as
required on the SOP.
4) Performing review on the SOP related with
sharia aspect if there is any indication of Shria
Principle compliance practice mismatch on
respective activity.
Table of Sharia Supervisory Board Membership Composition
No.
5) Providing sharia opinion on fund collection
and disbursement activity as well as the
bank’s service
In 2013, DPS has performed direct sampling to 9 BSM
Branch Offices such as Semarang Branch, Garut Branch,
Cirebon Branch and Tangerang Branch, Denpasar
Branch, Surabaya Branch, Cilegon, Tasikmalaya Branch,
Bandung Branch. With sampling concentration was
funding and financing transaction documents. To equip
the financing process, DPS also proposed and observed
Compliance Officer finding from every Branch office
Name
Position
1.
Prof.Dr.KomaruddinHidayat,MA
Chairman
2.
Dr.M.SyafiiAntonio,M.Ec
Member
3.
Drs.H.MohamadHidayat,MBA,MH
Member
5. Sharia Supervisory Board Meeting
In carrying its duty, DPS has hold 17 periodic and
incidental meetings.
Table of Sharia Supervisory Board Meeting
Name of Executives
3.Reporting
Sharia Supervisory Board
Meeting
(17 Meetings)
a. Sharia Supervisory Board is obligated to disclose
supervisory result report to Bank Indonesia the
latest 2 (two) months after the semester period
ended.
b. The semester refers to 6 (six) months period ended
in June and December.
Prof. Dr. Komaruddin Hidayat, MA
14
Dr. M. Syafii Antonio, M.Ec
10
Drs. H. Mohammad Hidayat, MBA, MH
12
6. Sharia Supervisory Board Acitivty
Realization
c. DPS Supervisory report is including
In 2013, DPS has conducted sharia principle
monitoring, as follows:
1) Supervisory working paper on the Bank’s new
product development process, and
DPS activities in 2013 were including:
2) Supervisory working paper on the Bank’s
acitivity
1. Providing advise that BSM product and service
have complied with regulation issued by DSN.
2. Providing advise and opinion to entire operational
working procedure and product manual.
Annual Report 2013
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PT Bank Syariah Mandiri
Moreover, DPS also provided material direction
and refreshment on “Sharia Banking Agreement
and Product” to branch office staff, by organizing
Sharia Clinic Forum to answer complaint as well as
receive constructive suggestion to improve sharia
principle compliance quality.
3. Delviering sharia supervisory report to Bank
Indonesia, Board of Directors and DSN MUI every
semester in 2013, disclosing namely
a) Monitoring result on the Bank’s new product
development process including purpose,
characteristic, agreement on the product,
conformity with DSN – MUI regulation, system
review and new product procedure.
b) Result of monitoring on the bank’s activity
including fund collection, fund disbursement,
and the bank’s service. The monitoring took
place as internal audit result report analysis,
transaction sampling number assessment,
review of sharia aspect related SOP.
c) DPS General Opinion on the bank’s
operational per period. Period I was January 1,
2013 to June 30, 2013 and Period II was July 1,
2013 to December 31, 2013.
d) DPS Opionion on fund collection, fund
disbursement and bank’s service activity. By
presenting data as of: Total SE (Circular Letter),
financing data and DPS Opinion on the bank’s
new product. And, in 2013, DPS has issued 5
sharia opinions.
e) Assessment sampling methodology and
technique. In 2013, DPS had performed
sampling/direct monitoring to 9 BSM Branch
Offices such as Semarang Branch, Garut
Branch, Cirebon Branch and Tangerang
Branch, Denpasar Branch, Surabaya Branch,
Cilegon, Tasikmalaya Branch, Bandung Branch.
With sampling concentration was funding and
financing transaction documents. To equip
the financing process, DPS also proposed and
observed Compliance Officer finding from
every Branch office
7. Sharia Supervisory Board Dual
Position
Table of Sharia Supervisory Board Members Dual Position
Name
Position
Prof. Dr. Komaruddin
Hidayat, MA
1.Chairman of PT Bank Syariah mandiri
Supervisory Board
2.Rector of Universitas Islam Negeri
Jakarta
Dr. M. Syafii Antonio, M.Ec
1.Member of PT Bank Syariah mandiri
Supervisory Board
2.Member of Sharia Supervisory Board,
Scroders Investment Management
3.Chairman of STEI Tazkia
Drs. H. Mohamad Hidayat,
MBA, MH
1.Member of PT Bank Syariah Mandiri
Sharia Supervisory Board
2.Member of Sharia Supervisory Board
of PT Asuransi Manulife
3.Member of Sharia Supervisory Board
of PT Asuransi AllianzSyariah
4.Member of Sharia Supervisory Board
of BTN Syariah SBU
8. Sharia Supervisory Board
Remuneration
4. Developing Sharia Banking Practice
Understanding.
Remuneration package for the Board of
Commissioners, Board of Directors and Sharia
Supervisory Board is stipulated on the General
Meetings of Shareholders (GMS). The remuneration
package determined on the GMS is including:
DPS performed dialogue with Head and
Employees of Branch Office, that business and
operational burden occurred in Branch related
with Sharia aspect will be settled.
PT Bank Syariah Mandiri
This is aimed that every branch executive to
further understand and acknowledge sharia
banking product and service scheme. Including,
standard agreements applied on funding and
financing products as well as services which from
the business perspective is expected to grow and
will comply with the sharia aspect as well
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Sharia Supervisory Board Annual Remuneration
a. Remuneration as income in non-natura form
namely salary, benefit, bonus and other
remunerations; and
b. Other facilities as the facilities received
in natura form such as housing facility,
transporatation facility, health insurance facility,
telecommunication facility and other facilities,
which can and can not be owned
Table of DPS remuneration package
Total remuneration received by the member of
Sharia Supervisory Board in one year is classified into
remuneration level as illustrated on following table:
Table of Sharia Supervisory Board Remuneration
Total Remuneration
per person in 1 year
Total Received in 1 Year
Type of Remuneration Package
1. Remuneation
3
2. Other facilities*) :
a. can be owned
b. ycan not be owned
Total
More than Rp2 billion
-
More than Rp1 billion to Rp2 billion
-
Rupiah
More than Rp500 million to Rp1 billion
-
1.164.000.000
Less than Rp500 million
3
Sharia Supervisory Board
Person
Total Sharia
Supervisory Board
Members
*) received in cash
37.026.500
3
1.201.026.500
* ) calculated in Rupiah equivalent
The review result is delivered to the Board of
Commissioners to be authorized on the GMS.
Annual Report 2013
206
PT Bank Syariah Mandiri
9. Sharia Supervisory Board Profile
Name and Position
Brief Profile
Prof. Dr. Komaruddin
Hidayat, MA
Chairman of Sharia
Supervisory Board
Indonesian citizen, born in Magelang on October 18, 1953. Graduated from Bachelor Degree of
Ushuluddin Faculty, IAIN Syarif Hidayatullah, Jakarta in 1981.
Master and PhD Degree of Philosphy from Middle East Technical University (METU), Ankara, Turkey
in 1995.
Obtained Doctoral Degree of Research Program from McGill University, Canda in 1995 and from
Hartfort Semianry Connecticut, USA in 1997
.
Dr. M. Syafii Antonio, M.Ec,
Member of Sharia
Supervisory Board
Indonesian citizen, born in Sukabumi on May 12, 1967. Obtained Ph. D Degree on Micro Finance
from University of Melbourne, Australia in 2004. Master Degree on Economy from International
Islamic University (IIU), Malaysia in 1992.
Drs. H. Mohamad Hidayat,
MBA., MH.
Member of Sharia
Supervisory Board
Indonesian citizen, born in Jakarta on May 3, 1967. Graduated from Sharia Faculty of IAIN Jakarta in
1991, MBA Degree from IPWI Jakarta and Master Degree from Sekolah Tinggi Ilmu Hukum IBLAM,
Jakarta in 2003.
Presently is taking Postgraduate Degree (S3) on Islamic Economic and Finance in Universitas
Trisakti, Jakarta.
Befire serving as member of Sharia Supervisory Board in BSM, he also served as Member of
Committee ofMUI National Shariah Board, Lecturer of Master Degree Program at PSTTI, Universitas
Indonesia and Lecturer of Master Degree Program at IEF Program, Universitas Trisakti..
PT Bank Syariah Mandiri
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10. Executive Assistant to DPS
In 2013, Executive Assistant to DPS was served
by Rahmat Hidayat. Executive Assistant to DPS is
responsible to the Sharia Supervisory Board.
Duty and responsibility of Executive Assistant to DPS
among others
1. Preparing DPS Sharia Supervisory Report in every
semester to BI and DSN – MUI, including to the
Board of Commissioners and Board of Directors
of BSM.
2. Ensuring entire communication process between
DPS and BSM management as well as other parties
to be conducted in smooth and appropriate
manners.
3. Assisting relatd working unit in implementing
sharia principle and regulation.
4. Optimally assisting DPS Service Level Agreement
(SLA) acceleration process
Profile of Executive Assistant to DPS
Name and Position
Brief Profile
Indonesian Citizen, born on October 22nd, 1973
Rahmat Hidayat
Executive Assistant to DPS
Graduated from Sharia Faculty majoring Islamic Crime Civil Law from Institut Agama Islam Negeri
Syarif Hidayatullan Jakarta in 1999. Currently taking Master Degree majoring HR at Magister of
Management program, STIE Kusuma Negara, East Jakarta. His career as Executive Secretary Officer
was started in July 2010. Several seminar attended are namely Legal Aspects of Islamic Asset
Securitisation & Insolvency Regims, 5th IFSB
Annual Report 2013
208
PT Bank Syariah Mandiri
H. Board of Directors
Regarding BSM strategic policy, the Board of Directors has
disclosed to the employees using various socialization
media both directly carried by the Board of Directors and
disseminated on internal circular letter, internal public folder,
internal magazine as well as other communication media in
BSM.
Board of Directors is a Company’s Organ which is fully
authorized and in charge on the Company’s management
on behalf of the Company’s interest based on company’s
vision and mission as well as representing the Company
based on the Articles of Association.
1. Board of Directors Membership
Composition
The Board of Directors is fully responsible on BSM
management practice based on sharia and prudential
banking principels. Authority and responsibility of the
Board of Directors have been regulated and complied with
BSM Articles of Association. Every duty and responsibility
implementation of Board of Directors has been accounted to
the Shareholders via GMS mechanism.
Board of Directors membership composition in BSM
comprises of 6 (six) members, where a member serves
as President Director and other 5 (five) members
serve as Directors, who are appointed based on GMS.
The Board of Directors appointment has passed fit
and proper test mechanism carried by Controlling
Shareholders.
As the realization of GCG implementation in every BSM
activity, the Board of Directors has carried effective
internal audit function based on a standard regulated
under BI regulation, Risk Management function and
Risk Management Committee and compliance function
independently.
The Board of Directors collectively holds expertise
to carry mandated responsibility, and consists of
members with adequate understanding, having
competency to face occurring issue on the business,
taking decision independently and encouraging the
Company’s performance growth
In carrying tis duty and responsibility, the Board of Directors
members do not delegate authority to other parties which
may drive the Board of Directors duty and function referral.
Table of Board of Directors Composition and Appointment Period
Name
1.
Yuslam Fauzi
President
Director
• Deeds No. 83 dated June 22, 2005
• ADeeds No. 10, GMS dated June 19, 2008
• Deeds No. 19, GMS dated June 2228 2011
June 2005 to June
2008
June 2008 to June
2011
June 2011 to
June 2016
2.
Hanawijaya
Director
• Deeds No. 83 dated June 22, 2005
• Deeds No. 10, GMS dated June 19, 2008
• Deeds No. 19, GMS dated June 2228 2011
June 2005 to June
2008
June 2008 to June
2011
June 2011 to
June 2016
3.
Amran P.
Nasution
Director
• Deeds No. 119, GMS dated June 19, 2007
• Deeds No. 16, GMS dated June 29, 2010
June 2007 to June
2010
June 2010 to June
2015
4.
Zainal Fanani
Director
• Deeds No. 119, GMS dated June 19, 2007
• Deeds No. 16, GMS dated June 29, 2010
June 2007 to June
2010
June 2010 to June
2015
5.
Sugiharto
Director
• Deeds No. 10, GMS dated June 19, 2008
• Deeds No. 19, GMS dated June 28, 2011
June 2008 to June
2011
June 2011 to June
2016
6.
Achmad
Syamsudin
Director
• Deeds No. 15, GMS dated June 29, 2010
June 2010 to June
2015
PT Bank Syariah Mandiri
Position
Appointment Period
No
Legal Basis
Period I
209
Annual Report 2013
Period II
Period III
CORPORATE
GOVERNANCE
2.Shareholders
In 2013, the Board of Directors did not have any
shares in PT Bank Syariah Mandiri, at other Banks
or companies. The members are appointed from
Board of Directors from the parties without any
relation with BSM affiliation and/or Controlling
Shareholders.
Table of Board of Directors Shares Ownership
Name
Yuslam Fauzi
Position
Shares in BSM
Shares in other Banks
Shares in other companies
President Director
None
None
None
Hanawijaya
Director
None
None
None
Amran P. Nasution
Director
None
None
None
Zainal Fanani
Director
None
None
None
Sugiharto
Director
None
None
None
Achmad Syamsudin
Director
None
None
None
c) Pawning Division (PWD);
Board of Directors Duty and
Repsonsibility Report 2013
d) Alternate Channel Division (ALD);
e) Retail Customer Management Division
(RCD);
f) Remittance Business & Transfer Division
(RBD).
a. Board of Directors Duty and
Responsibility Segregation:
3) Network & Asset Management
Directorate
3) President Director:
A directorate which directs Network,
Operation, Small Banking, Financing
Restructuring, and Financing Recovery and
directly supervises:
To lead and coordinate the Board of Directors
and directly supervise:
a) Internal Audit & Anti Fraud Division (IAD)
b) Risk Management Committee
a) Network Division (NWD);
c) Transformation Management & Corporate
Culture Division (TCD).
b) Operation Division (OPD);
c) Small Banking Division (SBD);
2) Micro & Retail Banking Directorate
d) Financing Restructuring Division (RSD);
e) Financing Recovery Division (FRD).
A directorate which directs Micro Banking &
Hajj, Consumer Banking, Pawning, Alternate
Channel, Retail Customer Management, and
Remittance Business & Transfer, and directly
supervises:
4) Corporate Banking & Treasury
Directorate
A directorate who directs Corporate Banking,
Commercial Banking, Special Financing &
Syndication, Treasury & International Banking,
Procurement & Services, and Corporate
a) Micro Banking & Hajj Division (MHD);
b) Consumer Banking Division (CND);
Annual Report 2013
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PT Bank Syariah Mandiri
Secretary, and directly supervises:
c) IT Operation Division (IOD);
a) Corporate Banking Division (CRD);
d) Accounting Division (ACD);
b) Commercial Banking Division (CMD);
e) Retail, Micro & Small Risk Assessment
Division (RAD);
c) Special Financing & Syndication Division
(FSD);
f) Commercial & Corporate Risk Assessment
Division (CAD).
d) Treasury & International Banking Division
(TID);
6) Compliance Directorate
e) Procurement & Services Division (PSD);
f) Corporate Secretary Division (CSD).
5) Risk Management Directorate
A directorate which directs Risk Management,
IT Strategic & Assurance, IT Operation,
Accounting, Retail, Micro & Small Risk
Assessment, Commercial & Corporate Risk
Assessment, and directly supervises:
A directorate which directs Compliance,
Policy & Procedure, Human Capital, Learning
Center, and Planning, Development &
Performance Management, and directly
supervises:
a) Compliance Division (CPD);
b) Policy & Procedure Division (PPD);
c) Human Capital Division (HCD);
a) Risk Management Division (RMD);
d) Learning Center Division (LCD);
b) IT Strategic & Assurance Division (ISD);
e) Planning, Development & Performance
Management Division (PMD);
f) Legal Division (LGD)
b. Series of Key Events based on Board
of Directors duty and responsibility in
managing BSM.
Table of Event Highlights Based on Board of Directors Duty and Responsibility
No.
Date
Event Highlights
Description
1
January 9, 2013
Rakerwil II
Attended by Aman Nasution
2
January 11, 2013
Raker Corporate Banking and Treasury
Attended by each Division and Group Head
3
January 13, 2013
Sosialiasi anti Fraud
Attended by Yuslam Fauzi and Hanawijaya
4
January 14 & 15, 2013
Rakerwil III
Attended by Hanawijaya and Division Head
5
January 16, 2013
MoU BSM dengan IWASH
Attended by Hanawijaya, bappenas
6
January 16 & 17, 2013
Rakerwil V
Attended by Zainal Fanani
7
January 18 & 19, 2013
Rakerwil I
Attended by Sugiharto
8
January 31, 2013
Penutupan MDP Mikro Angkatan I
Attended by Zainal Fanani and Hanawijaya
9
March 25, 2013
Grand Launching Produk cicil emas BSM
Attended by BOD and BOC.
10
April 1, 2013
Sertijab Kadiv LCD
11
April 6, 2013
Kajian Tematik
12
May 22, 2013
Launching BSM Call
Attened by BSM BOC and BOD
Attended by BSM BOC and BOD, Division Head, Regional
Office
Attended by Hanawijaya, Division Head, Infomedia Director
13
May 29, 2013
RUPS Bank Syariah Mandiri
Attended by BSM BOC and BOD and Bank Mandiri BOD
14
May 23, 2013
Launching BSM Call 14040
Attended by BSM BOD and PT Infomedia Management
PT Bank Syariah Mandiri
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GOVERNANCE
No.
Tanggal
Kegiatan dan Event Penting
Keterangan
15
June 18, 2013
MOU between BSM and KSEI
Attended by BSM and IDX BOD
Attended by President Directors of BSM and Garuda
Indonesia.
Attended by BSM and IDX BOD
16
July 1, 2013
Garuda and BSM MOU
17
July 11, 2013
Go Public Socialization
18
July 18, 2013
National Coordination Meeting
19
July 27, 2013
Thematic Review
20
July 31, 2013
Media Gathering
Attended by BSM BOC, BOD and DPS
Attened by BSM BOC, BOD, Division Head, Regional Office and
Branch Office Heads
Media and BSM
21
August 21, 2013
Regional II Meeting
Attended by related BOD and Executives
22
August 29, 2013
Analyst Day
BOD and Participants
23
September 4, 2013
Succession Ceremony
Attended by BOD, BOC and Division Head
24
September 6, 2013
BSM and AXA Workshop
Attended by BSM and participants
25
September 25, 2013
Sharing Session from BOD for ODP
Attended by LCD BOD and Participants
26
September 27, 2013
1st Pleno Meeting (Redefining and Strengthening
the Fundamentals of BSM)
Attended by BOD and Division Head
27
October 11, 2013
Sharing season Risk Management Directorate
Attended by Risk Management Diretorate
28
October 18, 2013
2nd Pleno Meeting (Redefining and Strengthening
the Fundamentals of BSM)
Attened by BOD and Division Head
29
October 23, 2013
MMDP Batch 2 Sharing Session with CEO
Attended by MMDP Batch 2
30
November 6, 2013
CGPI Observation
Attended by BOD, BOC, Division Head and CGPI
31
November 7, 2013
3rd Pleno Meeting (Redefining and Strengthening
the Fundamentals of BSM)
Attended by BOD and Division Head
32
November 11, 2013
14th MDP Opening
Attended by BOD, HCD and MDP Participants
33
November 27, 2013
Thematic Review
Attended by BOD, BOC and Head Office employees
34
December 19 - 21, 2013
End Year 2013 National Coordination Meeting
Attended by BOD, BOC, Division Head, Group Head and
Branch & Supporting Branch Office Head Nationwide
5. Financial and Family Relationship
4. Board of Directors Dual Position in
Other Companies or Institutions.
Based on BMPD Data on related party, there is no
financial and family relationship among the Board of
Directors, Board of Commisisoners and Shareholders.
The Board of Directors of BSM does not serve in dual
position as member of Board of Commissioners, Board
of Directors or Executive Officers in 1 (one) other
financial institution/company, or member of Board
of Commissioners, Board of Directors or Executive
Officers who perform monitoring function in 1 (one)
non-bank subsidiary controlled by the Bank.
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PT Bank Syariah Mandiri
6. Board of Directors Meeting
Frequency and Attendance
7. Board of Directors Commitment
Board of Directors commitment to implement GCG is
continuously enforced. Good Corporate Governance
implementation becomes the responsibility of all BSM
management. BSM has issued Board of Commissioners
and Board of Directors Joint Decree on Good
Corporate Governance (GCG) Charter no. 9/002 – SKB/
KOM.DIR dated April 30th, 2007 and has been revised
under Board of Directors Joint Decree No. 12/002 –
SKB/KOM.DOR dated December 27, 2010 on GCG for
Sharia Commercial Bank.
Board of Directors meeting is held minimum once a
month. The Board of Directors internal meeting is a
collective forum and decision making mechanism.
Moreover, the Board of Directors also holds joint
meeting with the Board of Commissioners to discuss
the Bank’s performance.
Throughout 2013, the Board of Directors has
participated in several meetings, such as: 45 BOD
internal meetings, 12 BOD and BOC Joint Meetings.
Following are detail of every Board of Directors
member attendance in those meetings
1. Yuslam Fauzi (President Director), total 55
attendances, with detail of 43 attendances in BOD
meeting and 12 attendance in BOC and BOD Joint
Meetings.
2. Hanawijaya (Director), total 50 attendances, with
detail of 39 attendance in BOD Meeting, and 11
attendances in BOD and BOC Joint Meeting.
3. Amran Nasution (Director), total 53 attendances,
with detail of 41 attendances in BOD meeting and
12 attendances on BOD and BOC Joint Meeting.
4. Zainal Fanani (Director), total 51 attendances, with
detail of 40 attendances in BOD meeting and 11
attendances on BOD and BOC Joint Meeting.
5. Sugiharto( Director), total 51 attendances, with
detail of 39 attendances in BOD meeting and 12
attendances on BOD and BOC Joint Meeting.
6. Achmad Syamsudin (Director), total 48
attendances, with detail of 38 attendances in BOD
meeting and 10 attendances on BOD and BOC
Joint Meeting.
PT Bank Syariah Mandiri
213
Every member of Board of Directors has complied
with Fit and Proper Test passing requirement. The
Board of Directors has implemented Good Corporate
Governance principles on the Bank’s business activity,
namely by strengthening Internal Audit Unit, Risk
Management Unit and Risk Management Committee
as well as Compliance Unit.
One of the Directors has been approved by BI to be
appointed as Compliance Directors who also oversees
GCG implementation. The Compliance Director
supervises Compliance Network, Human Capital,
Training and Planning Division, Development &
Performance Management Division.
The Board of Directors has concerned direction from
the regulator to comply with the commitment in
carrying the Bank’s activity prudently, comply with
GCG based on sharia principle and always respond to
every audit result both internal and external.
8. Board of Directors Manual
The Board of Directors has BSM Board of Directors
Manual and Procedure authorized on July 22nd,
2010, as the amendment of former Board of Directors
Manual and Procedure. The Manual regulates the Boar
dof Directors work ethic, meeting implementation,
BOD Sucession and other regulation in compliance
with GCG principle.
Annual Report 2013
CORPORATE
GOVERNANCE
9. Training Program to Develop Board
of Directors Competency
To improve and develop competency in supporting
the Company’s managing duty, the Board of Directors
had participated on various seminar, workshop,
conference and talkshow in 2013 both domestic and
overseas.
Following are competency development program
participated by the Board of Directors
:
Table of Board of Directors Training/Program
No.
*)
Training/Program
Schedule
1.
Pelita Newspaper Seminar. Theme: Public Fund Mobilization under Sharia Economy Principle
January 29, 2013
2.
Perbanas IAEI & ABFI National Seminar. Theme: Sharia Banking Prospect & Development Direction Prospect 2013
February 20, 2013
3.
“Looking Ahead: Challenges & Opportunities in Islamic Banking” Seminar
March 27, 2013
4.
FKDKP Seminar on National Banking Prospect and Challenge 2013 - 2014
May 16, 2013
5.
“TheRole&functionofCommisioners,Directors&ShariaSupervisoryBoardinManagingIslamicBanks” Worksjhop
June 21, 2013
6.
LPS Security Program & Sharia Banking Growth Prospect Seminar
June 27, 2013
7.
OJK Gradual Leadership Development Program 2013 (first level)
November 18, 2013
8.
FKDKP Seminar on National Economy & Banking Prospect
November 28, 2013
9.
Asean WorkshopStandardizationofIslamicEconomicsCurriculum
November 29, 2013
Punishment for BSM management, if proven committing conflict of interest action and bring loss to the Bank.
Annual Report 2013
214
PT Bank Syariah Mandiri
10. Board of Directors Members Brief
Profile
Name and Position
Brief Profile
Indonesian citizen, born in Jakarta on August 28, 1959. Graduated from Faculty of Economy, Universitas Indonesia in
1986. Obtained MBA Degree in 1991 from Arizona State University, USA. Currently taking Postgraduate Degree (S3)
program in Universitas Indonesia.
Career History:
• Area IX Banjarmasin Regional Manager in Bank Mandiri
• Compliance and Risk Management Director in Bank Syariah Mandiri
• Head of Medium Loan Division in Bank Bumi Daya
Training Participated:
Yuslam Fauzi
President Director
PT Bank Syariah Mandiri
• Asean Workshop Standardization of Islamic Economics Curriculum, tanggal 29 November 2013, di IAEI &
Universitas Muhammadiyah Yogyakarta.
• Program Pengembangan Kepemimpinan Berjenjang OJK 2013 (level pertama), tanggal 18 November 2013, di
Hotel Intercontinental Jakarta, penyelenggara OJK.
• Seminar Program Penjaminan LPS & Prospek Pertumbuhan Perbankan Syariah, tanggal 27 Juni 2013, di Ballroom
The Ritz Carlton Jakarta, penyelenggara ASBISINDO & LPS.
• Workshop “The Role & function of Commisioners, Directors & Sharia Supervisory Board in Managing Islamic Banks,
tanggal 21 Juni 2013, di Kampus Bumi LPPI, Kemang, Jakarta, penyelenggara LPPI.
• Seminar “Looking ahead: Challenges & Opportunities in Islamic Banking”, tanggal 27 Maret 2013, di Hotel Ritz
Carlton, Jakarta, penyelenggara Temenos-Anabatic.
• Seminar Nasional IAEI & ABFI Perbanas. Tema: Prospek & Arah Pengembangan Perbankan Syariah 2013, tanggal 20
Februari 2013,di Auditorium Unit 3 Lt. 1 Perbanas Institute, penyelenggara IAEI & ABFI Perbanas.
• Seminar Harian Pelita. Tema: Mobilisasi Dana Umat dengan Prinsip Ekonomi Syariah, tanggal 29 Januari 2013, di
Hotel Sultan, Jakarta, penyelenggara Harian Pelita.
• Asean Workshop Standardization of Islamic Economics Curriculum, on November 29, 2013, at IAEI & Universitas
Muhammadiyah Yogyakarta.
• OJK Gradual Leadership Development Program 2013 (first elvel), on November 18, 2013 at Intercontinental Hotel,
Jakarta, held by OJK.
• LPS Security Program & Sharia Banking Growth Prospect Seminar on June 27, 2013, at Ballroom The Ritz Carlton
Jakarta, held by ASBISINDO & LPS.
• “The Role & function of Commisioners, Directors & Sharia Supervisory Board in Managing Islamic Banks Workshop
on June 21, 2013, at Kampus Bumi LPPI, Kemang, Jakarta, held by LPPI.
• •“Looking ahead: Challenges & Opportunities in Islamic Banking” Seminar on March 27, 2013, at Ritz Carlton Hotel,
Jakarta, held by Temenos-Anabatic.
• IAEI & ABFI Perbanas National Seminar. Theme: Sharia Banking Prospect & Dirction 2013 on February 20, 2013, at
Auditorium Unit 3, 1st Floor, Perbanas Institute, held by IAEI & ABFI Perbanas.
• Pelita Newspaper Seminar. Theme: Public Fund Mobilization under Sharia Economy Principle on January 29, 2013
at Sultan Hotel, Jakarta. Held by Pelita Newspaper
215
Annual Report 2013
CORPORATE
GOVERNANCE
Indonesian citizen born in Jakarta on December 3, 1963. Graduated from Faculty of Agriculture majoring agribusiness,
Institut Pertanian Bogor. Obtained MM Degree from Institut Pendidikan Manajemen Prasetya Mulya (Jakarta, 1999)..
Career History:
•
•
•
•
Jakarta Fatmawati Hub-Manager in PT Bank Mandiri (Persero) Tbk.
Front End Collection Department Head in PT Bank Mandiri (Persero) Tbk.
Head of Credit Recovery Group in PT Bank Mandiri (Persero) Tbk.
Medium Scale Enterprise Credit Analyst in Bank Dagang Negara
Participated Trainings:
Hanawijaya
Director
• Seminar “Gadai Emas Di antara Bank Syariah antara Investasi dan Spekulasi” Training Kredit Analisis Bidang
Agribisnis, IPB, 11 April 2012, Kampus Bumi LPPI Kemang.
• Seminar “Jakarta Muslim Executive Forum”, 28 Mei 2012, Auditorium Paramadina Graduate Schools.
• Konferensi APM-RCG & IIICE 2012 MP3EI, 30 Agustus 2012, JCC.
• Workshop Penerapan Transaksi Murabahah pada perbankan Syariah, 31 Oktober 2012, Bank Indonesia.
• Training Competitive Strategy, 21-25 Oktober 2012, Kellog School of Management, Chicago.
• Seminar Inovasi Produk, 13 Desember 2012, Bidakara.
• “Gold Pawning in Sharia Bank: Between Investment and Speculation” Seminar, Credit Analyst Training on
Agrobusiness Sector, IPB on April 11, 2012, Kampus Bumi LPPI, Kemang
• “Jakarta Muslim Executive Forum” Seminar on May 28, 2012, Paramadina Graduate Schools Auditorium.
• APM-RCG & IIICE 2012 MP3EI Coference, August 30, 2012, JCC.
• Murabahah Transaction Implementation on Sharia Banking Workshop on October 31, 2012, Bank Indonesia.
• Training Competitive Strategy on October21-25, 2012, Kellog School of Management, Chicago.
• Product Innovation Seminar on December 13, 2012, Bidakara.
Name and Position
Brief Profile
Indonesian citizen born in Jakarta on December 1, 1965. Graduated from Faculty of Economy majoring Management,
Universitas Trisakti, Jakarta in 1989.
Career History:
Amran P. Nasution
Director
•
•
•
•
•
•
Head of Corporate Division in PT Bank Syariah Mandiri
Head of Financing & Investment Banking Division in PT Bank Syariah Mandiri
Head of Treasury and Fund Division in PT Bank Syariah Mandiri
Head of Medium and Retail Financing Division in PT Bank Syariah Mandiri
Head of Main Branch in Bank Susila Bakti, Bandung
Account Officer in Bank Susila Bakti, Bandung
Participated Trainings:
• IndonesiaInvestment Forum,17-18September2012,FourSeasonsHotel.
• Seminar Nasional IBI “Economis Outlook 2013: Dalam Perspektif Ekonomi Global yang Penuh Ketidakpastian”, 12
Desember 2012, Grand Ballroom lantai 11, Hotel Indonesia Kempinski, Jakarta.
• SeminarNasionalPerhajian,22Desember2012,ConventionHallKampusUINSunanKalijaga Yogyakarta.
Annual Report 2013
216
PT Bank Syariah Mandiri
Indonesian citizen born in Ngawi on October 24, 1964. Graduated from Faculty of Civil Engineering majoring
Transportation, Institut Teknologi 10 November Surabaya in 1989.
Career History:
Zainal Fanani
Director
•
•
•
•
•
•
Head of Planning, Development and Performance Management Division in PT Bank Syariah Mandiri
Head of Retail I Relation Manager Division, Marketing & Branch Development Division in PT Bank Syariah Mandiri
Head of Surabaya Branch in PT Bank Syariah Mandiri
Head of Kalimalang Supporting Branch Office, Bank Susila Bakti
Head of Rawamangun Supporting Branch Office Operational Division, Bank Susila Bakti
Staff of Land Transportation Research & Development Agency, Ministry of Transportation RI.
Training Participated:
•
•
•
•
•
Seminar Perbankan Indonesia Menghadapi Berlakunya Masyarakat Ekonomi ASEAN & MP3EI, 26 April 2012.
Service Workshop For Group Head & Service Mindset,24 Mei 2012.
Risk Management Cert. Refreshment Program LVL. 3-5” LSPP, 9-10 Juli 2012.
Improving Compliance Competency, Penyelenggara FKDKP, 3 - 5 Oktober 2012 di Hotel Sultan Jakarta.
Kesiapan Perbankan Menghadapi Pembatasan Kepemilikan Saham Bank Umum, Penyelenggara FKDKP, 13
September 2012 di Hotel Intercontinental Jakarta.
• ICA International Advance Certificate In Compliance & Financial Crime of the International Compliance Association,
tanggal 8 Oktober 2012.
• FKDKP SEMINAR on National Economy & Banking Prospect 2014 on November 28, 2013.
• FKDKPSEMINAR on May 16, 2013National Banking Prospect & Challenge 2013-2014
Name and Position
Brief Profile
Indonesian citizen born in Kediri on November 19, 1960. Graduated from Universitas Negeri Jember in 1985 and
graduated from postgraduate degree from Universitas Muhammadiyah, Jkarta in 2003. Currently is finisihing
Postgraduate Degre (S3) from Universitas 17 Augustus Surabay.
Career History:
Sugiharto
Director
•
•
•
•
•
Head of Network Development Division in PT Bank Syariah Mandiri
Regional Manager of East Java, Baliand Mataramin PT Bank Syariah Mandiri
Regional Manager of Middle Java inPT Bank Muamalat Indonesia
Coordinator of Corporate Business Restructure Financing Unitin PT Bank Muamalat Indonesia
Branch Manager at Fatmawati.
Training Participated:
• B
­ anking Role Financial Inclusion to Expand Public Access in financial service Seminar, held by IBI, on May 23, 2012,
The Ritz Carlton Hote, Ballroom 2, 2nd floor, Mega Kuningan, Jakarta.
PT Bank Syariah Mandiri
217
Annual Report 2013
CORPORATE
GOVERNANCE
Indonesian citizen born in Jakarta on July 27, 1965. Graduated from Faculty of Agriculture, Institut Pertanian
Bogor in 1989. Obtained MBA Degree in 1989.
Career History:
•
•
•
•
•
Regional Risk Management III & V, BankMandiri
Dept. Head,Commercial Risk Mgt Group, BankMandiri
Dept. Head, Retail Credit Risk Mgt. Group, Bank Mandiri
Group Head CRM Retail, BankMandiri
Ketua Tim, KP. Urusan Pengawasan Kredit, BDN/ Chairman of Credit Monitoring Team, BDN
Participated Trainings:
Achmad Syamsudin
Director
• Indonesian International Banking Convention 2012,16 Februari 2012,Hotel JWMarriot,Kuningan.
• Workshop Akad Pembiayaan untuk Financing Operation Center (FOC),14 April 2012, Kampus Universitas AlAzhar Indonesia Lt.7,Jakarta Selatan.
• Kegiatan Kick Off Service Excellence 2012,19 April 2012, Hotel Milenium, Jakarta.
• Temen os Community Forum (TCF) 2012, 20-28 Mei 2012, Barcelona Spanyol.
• Annual Risk consolidation Conference 2012, 5-6 Juli 2012, Holiday Inn Batam..
• Workshop Great Leader, 27 & 28 Juli 2012,J akarta.
• Investment Forum, 17-18 September 2012, Ballroom 3 the Ritz Carlton Pacific Place, Sudirman Central Business
District..
• Seminar on Banking Industry in An Extremely Dynamic World: Becoming prosperious & profer, 26 September
2012, Ballroom 3 the Ritz Carlton Pacific Place, Sudirman Central Business District.
• Program Assessmen Great Leader dari Bank Mandiri, 5 Oktober 2012, PT Daya Dimensi Indonesia, Kantor Taman
E3.3, Unit B3.3, Kawasan Mega Kuningan, Jakarta.
• Seminar E-Payment & Security day 1,24-25 Oktober 2012, Ballroom Financial Club, Graha Niaga Lt.2 Jl. Jend
Sudirman Kav 58, Jakarta
• Indonesian International Banking Convention 2012, on February 16, 2012, JW Marriot Hotel, Kuningan.
• Financing Agreement for Financing Operation Center (FOC) Workshop on April14, 2012, Universitas Al-Azhar
Indonesia Campus, 7th Floor, South Jakarta.
• Kick Off Service Excellence 2012 Event on April 19th 2012, Milenium Hotel,Jakarta.
• Temen os Community Forum (TCF) 2012 on May 20 – 28, 2012, Barcelona Spanyol.
• Annual Risk consolidation Conference 2012 on July 5-6, 2012, Holiday Inn Batam.
• Great Leader Workshop on July 27 & 28, 2012, Jakarta.
• Investment Forum on September 17-18, 2012, Ballroom 3 the Ritz Carlton Pacific Place, Sudirman Central
Business District.
• Seminar on Banking Industry in An Extremely Dynamic World: Becoming prosperious & profer on
September26, 2012, Ballroom 3 the Ritz Carlton Pacific Place, Sudirman Central Business District.
• Great Leader Assessment Program from Bank Mandiri, October 5, 2012,PT Daya Dimensi Indonesia,Kantor
Taman E3.3, Unit B3.3, KawasanM ega Kuningan, Jakarta.
• E-Payment & Security day1 Seminar, on October24-25, 2012, Ballroom Financial Club, Graha Niaga Lt.2 Jl.
Jend Sudirman Kav 58,Jakarta.
I.Committees
Composition of Committees under the Board of
Commissioners has complied with regulation implemented
under Bank Indonesia Regulation No. 11/33/PBI/2009
dated December 7, 2009 on Good Corporate Governance
Implementation for Sharia Commercial Bank and Sharia
Business Unit.
Annual Report 2013
218
PT Bank Syariah Mandiri
1. Audit Committee
2) Coordinating with Public Accountant Office
regarding external aduitr implementation
effectiveness, mainly related several aspects
to be concerned by Public Accountant Office
in carrying its duty;
To support effectiveness of Board of Commissioners
duty and responsibility implementation as well as
Good Corporate Governance implementation as
regulated under Bank Indonesia Regulation No.
11/33/PBI/2009 dated December 7, 2009 on Good
Corporate Governance Implementation for Sharia
Commercial Bank and Sharia Business Unit, the Board
of Commissioners has established Audit Committee.
3) Providing recommendation regarding Public
Accountant and Public Accountant Office
appointment to the Board of Commissioners
b. Audit Committee Membership
Composition
Audit Committee establishment in PT Bank Syariah
Mandiri has ben equipped with working manual and
procedure as stated on Board of Directors and Board
of Commissioners Joint Decree No. 13/001-SKB/
KOM. DIR on Audit Committee Charter stipulated on
February 8, 2011.
Audit Committee membership composition in
PT Bank Syariah Mandiri comprises of 5 (five)
members where 1 (one) Chairman is served by
Independent Commissioner, 1 (one) Indpendent
Commissioner as member, 1 (one) Commissioner
as member and 2 (two) members from
Independent Party fron non-bank management.
a. Audit Committee Duty and Resposibility
Pursuant to Bank Indonesia Regulation No.
11/33/PBI/2009 dated December 7, 2009 on
Good Corporate Governance Implementation for
Sharia Commercial Bank and Sharia Business Unit
and as stated on PT Bank Syariah Mandiri Audit
Committee Charter dated February 8, 2011 article
3, principal duty of Audit Committee in assisting
the Board of Commissioners to supervise and
provide advise to the Board of Directors are as
follows:
Since January 1, 2013 to the closing of BSM Annual
GMS Fiscal Year 2012 held on May 29, 2013,
composition of Audit Committee membership in
PT Bank Syariah Mandiri was as follows
Table of Audit Committee Membership Composition
No
1) Performing evaluation on internal audit
practice to assess internal control adequacy
including financial reporting process
adequacy, at least including:
a) Duty implementation carried by Internal
Audit Function;
Nama
Jabatan
1
Abdillah
Independent Commissioner and Chairman
2
Ramzi A. Zuhdi
Independent Commissioner and Member
3
Tjeppy Kustiwa
Independent Party, Member
4
Ferry Firmansyah
Independent Party, Member
Thus, starting from May 29, 2013 to December
31, 2013, compositon of Audit Committee
membership in PT Bank Syariah Mandiri was as
follows:
b) Action plan realization carried by the
Board of Directors regading audit
finding and/or recommendation from
Bank Indonesia, Internal Auditor,
Sharia Supervisory Board and/or
External Auditor result, to provide
recommendation to the Board of
Commissioners
*) Is currently under fit and proper test by financial service authority
PT Bank Syariah Mandiri
219
Annual Report 2013
CORPORATE
GOVERNANCE
d) Preparing PT Bank Syariah Mandiri Published
Financial Report as of December 31, 2012
position;
Table of Audit Committee Membership Composition
No
Name
Position
Abdillah
Independent Commissioner and
Chairman
2
RamziA.Zuhdi
Independent Commissioner and
Member
3
TjeppyKustiwa
Independent Party, Member
4
FerryFirmansyah
Independent Party, Member
1
e) Preparing Internal Audit Result & Anti Fraud
Division Activity Resume as of 4th Quarter of
2012 period;
f) Preparing PT Bank Syariah Mandiri Published
Financial Report as of March 31, 2013 position;
g) Preparing review on Purwantono, Suherman
& Surja – E & Y Public Accountant Office reappointment to audit PT Bank Syariah Mandiri
Financial Statemetns Fiscal Year 2013;
Note: *) effective after approval from Bank Indonesia as Commissioner.
In carrying its duties, the Audit Committee is
responsible to the Board of Commissioners.
h) Preparing review of Internal Audit Result &
Anti Fraud Division Activity Resume as of 1st
Quarter of 2013 period;
c. Audit Committee Working Report
i) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of April 30, 2013;
In 2013, BSM Audit Committee had reviewed
several Audit Reports consisted of regular and
special audit groups, delivered by Internal Audit
as well as audit result from the Public Accountant
Office. Analysis and result of the audit was
disclosed on the Board of Commissioners meeting.
j) Preparing review of CBS: “Financing
(Murabahah) Module Data Migration from
Alphabit to iBSM System on May 25 – 26,
2013”;
Audit Committee activity in 2013 took place on
Audit Committee Meeting. The Audit Committee
Meeting mechanism was carried through
several meetings and participating on Board
of Commissioners meeting and BOD and BOC
Joint meeting as well as during the discussion of
Audit Committee review and Audit Committee
meeting result with other units and other
activity discussion. The activities carried by Audit
Committee in 2013 were including:
k) Preparing review of Independent Compliance
Report on Internal Control as of December 31,
2012;
l) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of May 31, 2013;
m) Preparing review of PT Bank Syariah Mandiri
Annual Report 2012;
a) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of December 31, 2012;
n) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of June 30, 2013;
b) Preparing Audit Committee & Risk Monitoring
Committee review on PT Bank Syariah Mandiri
Information Technology Application for 2012
Period;
o) Preparing PT Bank Syariah Mandiri Published
Financial Report as of June 30, 2013 position;
c) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of February 28, 2013;
q) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of August 31, 2013;
Annual Report 2013
p) Preparing review of PT Bank Syariah Mandiri
Assets Accounting Manual;
220
PT Bank Syariah Mandiri
Audit Committee Chairman served by
Ramzi A. Zuhdi started to be effective
on May 29, 2013 and confirming Audit
Committee Working Plan 2013;
r) Preparing review of Internal Audit Result &
Anti Fraud Division Activity Resume as of 2nd
Quarter of 2013 period;
s) Preparing review of Net Open Position
calculation within every 30 minutes;
f) Audit Committee Meeting on Internal
Audit Result & Anti Fraud Division Activity
as of 1st Quarter of 2013;
t) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of September 30, 2013;
g) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of April 30, 2013;
u) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of October 31, 2013;
h) Audit Committee Meeting on
Independent Compliance Report of
Internal Control as of December 31, 2012;
v) Preparing review of Internal Audit Result &
Anti Fraud Division Activity Resume as of 3rd
Quarter of 2013 period;
i) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of May 31, 2013;
w) Preparing PT Bank Syariah Mandiri iBSM Core
Banking System Implementation Review
Report as of November 30, 2013
d. Audit Committee Meeting
j) Audit Committee Meeting on PT Bank
Syariah Mandiri Annual Report 2012;
1) Audit Committee Meeting
Audit Committee meetings held from January
to December 2013 reached to 21 (twenty one)
meetings, as follows:
l) Audit Committee Meeting on PT Bank
Syariah Mandiri Published Financial
Report as of June 30, 2013 position;
a) Audit Committee Meeting on Audit
Committee Working Plan 2013 and
PT Bank Syariah Mandiri Financial
Statements 2012 Discussion;
b) Audit Committee Meeting with KAP – E&Y
on PT Bank Syariah Mandiri Financial
Statements Audit as of December 31,
2012;
c) Audit Committee Meeting on Audit
Committee Meeting Minutes of
Meeting documentation and Securities
Accounting System;
m) Audit Committee Meeting on PT Bank
Syariah Mandiri Assets Acocunting
Manual;
n) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of August 31, 2013;
o) Audit Committee Meeting on Internal
Audit Result & Anti Fraud Division Activity
Resume as of 2nd Quarter of 2013 period;
d) Audit Committee Meeting discussing
Other Revenue Recognition, Fraud and
IAD Audit Result as of 4th Quarter/2012;
p) Audit Committee Meeting on Net Open
Position calculation within every 30
minutes;
e) Audit Committee Meeting on
Appointment of Temporary Executive as
PT Bank Syariah Mandiri
k) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of June 30, 2013;
221
Annual Report 2013
CORPORATE
GOVERNANCE
Audit & Anti Fraud Division Audit Result
Presentation as of 3rd Quarter of 2013
period;
q) Audit Committee meeting with KAP – E&Y
on PT Bank Syariah Mandiri Financial
Statements Audit 2013 implementation
by KAP – E&Y.
e) Audit Committee Meeting with Internal
Audit & Anti Fraud Division and
Accounting Division discussing Bank
Mandiri Commissioners’ concern on
Bank Syariah Mandiri related with IT,
Suspense Account, PPAP Cash, Internal
Control post-Bogor case, Macroeconomy
condition impact to BSM and increasing
NPF; and
r) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of September 30, 2013;
s) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of October 31, 2013;
f) Audit Committee meeting with
Accounting Division on Allowance for
Impairment Losses allocation in PT Bank
Syariah Mandiri
t) Audit Committee Meeting on Internal
Audit Result & Anti Fraud Division Activity
Resume as of 3rd Quarter of 2013 period;
u) Audit Committee Meeting on PT Bank
Syariah Mandiri iBSM Core Banking
System Implementation Review Report as
of November 30, 2013.
3) Audit Committee participation on Board of
Directors – Board of Commissioners Joint
Meeting
Board of Directors and Board of
Commissioners Joint Meeting is held every
month by discussing Performance evaluation,
Bank Soundness Level, Risk profile and other
Strategic Policies such as Core Banking
System, Corporate Plan, etc. As of December
2012 to November 2013 period, PT Bank
Syariah Mandiri held 12 (twelve) Board of
Commissioners and Board of Directors Joint
Meetings.
2) Audit Committee Meeting with Head of
Unit
a) Audit Committee meeting with Internal
Audit & Anti Fraud Division on Internal
Audit & Anti Fraud Division Annual Audit
Plan for 2013;
b) Audit Committee Meeting with Internal
Audit & Anti Fraud Division on Bank
Mandiri Internal Audit Division Audit Plan
against Bank Syariah Mandiri veering:
Financing, Rahn, Information Technology
and Internal Control;
4) Audit Committee participation on Board
of Commissioners and Board of Directors
Joint Meeting
c) Audit Committee Meeting with Internal
Audit & Anti Fraud Division on External
Audit Result DMTL’
a) Discussing New Core Banking System
(NCBS) implementation as of December
2012, Ineherent Risk, Internal Audit Unit,
etc.
d) Audit Committee Meeting with Internal
Audit & Anti Fraud Division on Internal
Annual Report 2013
b) Discussing PT Bank Syariah Mandiri NPF
ratio with Financing Division Director.
222
PT Bank Syariah Mandiri
c) Discussing Directorate Balance Score Card
(BSC) in 2013 with Planning, Development
& Performance Management Division
(PMD).
c) c) Participating Risk Monitoring
Committee Meeting on iBSM Core
Banking System Implementation
Monitoring.
d) Discussing Financing and Fraud Service at
Branches in Regional Offiec II.
d) Participating Risk Monitoring Committee
Meeting on NPF Settlement Progress as of
Fourth Week of June 2013.
e) Discussing PT bank Syariah Mandiri
Financing: related with Top Letter’s IAD
Audit Result as of September and October
2013, Bank Mandiri Letter on Fraud
and BOC Letter to BOD on Financing
Customers Collectability; and
f) Discussing PT Bank Syariah Mandiri
Financing NPF improvement and Fraud
Handling
5) Audit Committee participation on Board of
Commissioners – Bank Mandiri’s Internal
Audit Division meeting
a) Discussing Bank Mandiri Internal Audit
Division Audit Report on Bank Syariah
Mandiri 2012.
e) Audit Committee and Risk Monitoring
Committee Joint Meeting discussing
Financing Customers Collectability
Determination and Net Open Position
Calculation at PT Bank Syariah Mandiri,
penalty which is potentially charged by
Bank Indonesia, etc.
f) Kick Off Meeting with EY – Public
Accountant Office on PT Bank Syariah
Mandiri Financial Statements Audit in2
013.
g) Participating Risk Monitoring Committee
Meeting on NPF Settlement Progress by
100,,230 Team.
h) Participating Risk Monitoring Committee
with Small & Micro Banking Division on
Micro Loan Issue.
b) Discussing Internal Audit & Anti Fraud
DivisioN Grand Design & Audit Plan in
Bank Syariah Mandiri 2013, and
i) Participating PT Bank Syariah Mandiri End
Year National Coordiantion Meeting 2013
Opening, and
c) Bank Mandiri Audit Result Exit Meeting
on Bank Syariah Mandiri for 2013 period,
regarding IT and Non-IT Audit results
j) Audit Committee and Risk Monitoring
Committee Joint Meeting discussing
PT Bank Syariah Mandiri Board of
Commissioners Concern against
capability improvement and
recommendation for the committees
6) Audit Committee participation on other
meetings
a) Participating Risk Monitoring Committee
Meeting on NPF Settlement Progress at
Fourth We ek of May 2013.
b) b) Participating Risk Monitoring
Committee Meeting on NPF Settlement
Progress for First Week of June 2013
period.
PT Bank Syariah Mandiri
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d. Audit Committee Brief Profile
Name
Tjeppy Kustiwa
Member
Ferry Firmansyah
Member
Brief History
• Born in Bandung on December 17, 1957. Graduated from Faculty of Economy majoring Accounting,
Universitas Padjajaran, Bandung in 1985 and Master of Management from Universitas Gajahmada
Yogyakarta in 1994.
• Expert on Banking Accounting (Conventional and Sharia), Information Technology, Sarbanes Oxley
Act 404 – Readiness Consultancy Service, Internal Audit and Audit Committee Consultancy Service
and Consultancy on Accounting Sector. Participating on several banking trainings and semianrs
(Conventional and Sharia), Accounting (SFAS, IFRS), Inforamtion Technology, Audit Committee and Risk
Management.
• Starting his career at Bank Bumi Daya in 1986 – 2000 with the latest position as Head of Accounting
& Financial Reporting, and later at Prasetio Strategic Consulting – Andersen, Ernst & Young Advisory
Service, Center for investment and Business Advisory, member of Audit Committee in PT Bank Rakyat
Indonesia (Persero) and currently serves as Audit Committee member in PT Bank Syariah Mandiri.
• Born in Jakarta on April 29, 1955 from Faculty of Economy, Universitas Indonesia majoring Accounting
in 1983.
• Holding expertise from several overseas trainings such as atNational Institute of Bank Management,
Pune India, Merrill Lynch New Jersey United States and various domestic trainings/seminar in several
aspects related with duty of Audit Committee, Strategy for Excellent Customer Service, Market Analysis
/Strategy Marketing and Product Development, Workshop Treasury, Prime Bank Instrument Frauds.
• Started his career at PT 3M Indonesia as Senior Cost Accountant, Head of Credit Team at Bapindo
Samarinda, Head of Finance Division, bapindo Surabaya and Bapindo S. Parman, Jakarta, Head of
Bapindo Trakan Branch Office, Marketing & Regional Internal Control Senior Manager in PT Bank
Mandiri (Persero) Tbk, and currently also serves as member of BSM Audit Committee.
2. Risk Monitoring Committee
To support Board of Commissioners duty and
responsibility and Good Corporate Governance
impelementation effectiveness as regulated under
Bank Indonesia Regulation No. 11/33/PBI/2009 dated
December 7th, 2009 on Good Corporate Governance
Practice for Sharia Commercial Banks and Sharia
Business Unit, the Board of Commissioners has
established Risk Monitoring Committee.
Annual Report 2013
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PT Bank Syariah Mandiri
(one) Commissioner member and 2 (two) nonIndependent Party members from the Bank’s
external.
Establishment of Risk Monitoring Committee in PT
Bank Syariah Mandiri has been equipped with manual
and procedure as stated under Board of Directors and
Board of Commissioners Joint Decree No. 13/002 –
SKB/KOM.DIR on Risk Monitoring Committee Charter
implemented on February 9th, 201.
As an accountability of Risk Monitoring Committee
duty implementation during January 1st, 2013 to
December 31st, 2013, following are disclosed PT Bank
Syariah Mandiri Risk Monitoring Committee activity
carried in 2013
Since January 1st, 2012 to until BSM Annual
GMS Fiscal Year 2012 closing held on May
29th, 2013, composition of Risk Monitoring
Committeemembers in PT Bank Syariah Mandiri
(vide: Decree No. 16/018 – KEP/DIR), as follows:
:
Table of BSM Risk Monitoring Committee Membership
Composition in 2012
No
1
a. Risk Monitoring Committee Duty and
Responsibility
2
Pursuant to Bank Indonesia Regulation No.
11/33/PBI/2009 dated December 7th, 2009 on
Good Corporate Governance Practice for Sharia
Commercial Banks and Sharia Business Unit
and as stated under PT Bank Syariah Mandiri
Risk Monitoring Committee Charter dated
February 9th, 2011 Article 3, Principal Duty of
Risk Monitoring Committee is to assist the Board
of Commissioners in monitoring and providing
advise to the Board of Directors as follows:
Name
Ramzi A. Zuhdi
Position
Independent Commissioner and
Chairman
3
4
Lilis Kurniasih
Independent Commissioner and
Member
Commissioner and Member
Edyanto Rachman
Independent Party, Member
5
Ateng Suhaeni
Independent Party, Member
Abdillah
Since May 29th, 2013 to December 31st, 2013, Risk
Monitoring Committee membership composition
in PT Bank Syariah Mandiri was as follows:
1) Evaluating risk management policy;
2) Evaluating conformity between risk
management policy and the policy
implementation;
Table of BSM Risk Monitoring Committee Membership
Composition in 2013
No
3) Monitoring and evaluating Risk Management
Committee and Risk Management Unit duty
implementation;
4) Carrying other monitoring and evaluation
activities related with the Bank’s risk
management policy and practice referring to
the Board of Commissioners request
Positon
1
Ramzi A. Zuhdi
Independent Commissioner and
Chairman
2
Sulaeman
Commissioner and Member*
3
Bambang Widianto*
Independent Commissioner and
Member*
4
Edyanto Rachman
Independent Party, Member
5
Ateng Suhaeni
Independent Party, Member
Note: *) Effective after approval from Bank Indonesia as Commissioner
.
b. Risk Monitoring Committee Membership
Structure
Risk Monitoring Committee membership
composition in PT Bank Syariah Mandiri consisted
of 5 (five) members, comprising of 1 (one)
Chairman served by Independent Commissioner,
1 (one) Independent Commissioner member, 1
PT Bank Syariah Mandiri
Name
In carrying its duties, the Risk Monitoring
Committee is responsible to the Board of
Commissioners.
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c. Risk Monitoring Committee Activity in
2013
12) Preparing BSM Annual GMS Fiscal Year 2012
Material Draft review;
Risk Monitoring Committee activiites carried in
2013 were including:
13) Preparing PT BSM Information Technology
Risk Management Policy Draft Review;
1) Preparing Operational Risk Review related
with PT Bank Syariah Mandiri iBSM Core
Banking System Implementation;
14) Preparing BSM Perforamnce and Risk Profile
Monitoring as of April 30, 2013;
15) Preparing Non-Performing Financing (NPM)
Progress for 100,273 team;
2) 2.
Preparing review of PBI No. 14/26/
PBI/2012 dated December 27th, 2012 on the
Business Activity and Office Network based
on the Bank’s Core Capital;
16) Preparing Anti Money-Laundering and
Terrorism Financing Prevention Policy Draft
Review;
3) 3.
Preparing Operational Risk Review
related with Foreign Currency Position
Revaluation Income/Loss Transfer to Spot
Transaction Income/Loss Accounting;
17) Preparing BSM Perforamnce and Risk Profile
Monitoring as of May 31, 2013;
18) Preparing BSM Perforamnce and Risk Profile
Monitoring as of June 30, 2013;
4) 4.
Preparing Strategic Risk review
related with BSM Risk Profile for January 2013
period;
19) Preparing BSM Perforamnce and Risk Profile
Monitoring as of July 31, 2013;
5) Preparing Strategic Risk review related with
BSM Performance as of Janaury 31st, 2013;
20) Preparing Board of Directors Duty and
Repsonsibility Implementation Report Review
who supervises Compliance Function as of 1st
Semester of 2013 to Bank Indonesia;
6) Preparing Monthly Risk Profile Dashboard
Format;
21) Preparing Compliance Risk review on
Mudharabah & Musyarakah Modules Core
Banking System (CBS) Changing Realization
Report in PT Bank Syariah Mandiri;
7) Preparing BSM Performance and Risk Profile
review as of February 28th, 2013;
8) Preparing Risk Profile Dashboard Report as of
March 2013 period;
22) Preparing BSM Perforamnce and Risk Profile
Monitoring as of August 30, 2013;
9) Preparing Review on Bank Indonesia Audit
Report on BSM Financing as of September
30th, 2012;
23) Preparing BSM Perforamnce and Risk Profile
Monitoring as of September 30, 2013;
10) Preparing BSM Risk Performance and Risk
Profile monitoring review as of March 31st,
2013.
24) Preparing BSM Perforamnce and Risk Profile
Monitoring as of October 31, 2013;
11) Preparing Action Plan Monitoring review
on Non-Performing Financing Handling of
Corporate Debtors;
25) Preparing Review on Bank Indonesia Circular
Letter No. 15/26/DPbS/2013 on Indonesia
Sharia Banking Accounting Manual (PAPSI
2013)
Annual Report 2013
226
PT Bank Syariah Mandiri
d. Risk Monitoring Committee Meeting
3) Risk Monitoring Committee Participation
on Board of Directors and Board of
Commissioners Joint Meeting
1) Risk Monitoring Committee Meeting
Risk Monitoring Committee Meeting Since
January to December 2013, Risk Monitoring
Committee Meeting was held to 18
(eighteen) meetingsi.
2) Meeting with Head of Unit
Since January to December 2013 has
conducted several meetings with Unite Head,
among others:
a) Risk Management Division (RMD),
discussing Internal Version Risk Profile
indicator calculation improvement;
Board of Directors and Board of
Commissioners Joint Meeting is held monthly
by discussing Performance Evaluation, Bank
Soundness Level, Risk Profile and other Bank
Strategic Initiatives such as Core Banking
System, Corporate Plan, etc. As of December
2012 to November 2013 period, PT Bank
Syariah Mandiri held 12 (twelve) Board of
Directors and Board of Commissioners Joint
Meetings for 2013.
4) Risk Monitoring Committee Participation
on Board of Commissioners and Board of
Directors Joint Meeting
b) Planning, Development & Performance
Management Division (PMD), discussing
BSM Performance Review Monitoring;
a) Evaluating Networking Division (NWD)
performance mainly for Regional II Office;
b) Evaluating Internal Audit Division (IAD)
significant finding result for September
and October 2013 period, and
c) Internal Audit Division (IAD), regarding PT
BSM Internal Audit Grand Design 2013 –
2015, Significant Finding per Directorate
2012;
c) Discussing Audit Result Top Letters as of
September to November 2013 period,
related with Human Capital
d) Learning Centre Division (LCD), discussing
BSM Employees Competency Fulfillment
Program Implementation;
5) Other Activities
e) Human Capital Division (HCD), discussing
BSM Human Capital Management;
a) Preparing Risk Monitoring Committee
Annual Report 2012.
f) Treasury & International Banking
Division (TID), discussing BSM Liquidity
Management;
g) Planning, Development & Performance
Management Division (PMD), discussing
BSM Directorate Key Performance Indicators
(KPI); and
h) Small Business Division (SBD), discussing
Micro Loan Financing issues.
b) Attending PT Bank Syariah Mandiri Mid
Year National Coordination Meeting 2013
Opening;
c) Preparing Non-Performing Financing
(NPF) Handlign Report and Realizing Cash
Provision Target to Commercial & Business
Banking Director of PT Bank Mandiri
(Persero), Tbk which supervises PT Bank
Syariah Mandiri, and
d) Attending PT Bank Syariah Mandiri End
Year National Coordination Meeting 2013
Opening
PT Bank Syariah Mandiri
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e. Risk Monitoring Committee Members
Brief Profile
Name
Edyanto Rachman
Member
Ateng Suhaeni
Member
Brief Profile
• Indonesian citizen, born in Cirebon on March 27, 1954. Graduated from Bachelor Degree of Physics, Institut
Teknologi Bandung (ITB) in 1978 and Master of Management from Universitas Indonesia (UI) in 1991.
• Started his career as Supervisor at Department Parts of PT Astra Motor Sales in 1978. Joining with Bank
Pembangunan Indonesia (BAPINDO) in 1984 as staff on Information System Affair, and later appointed as
Head of ALCO Team Support in 1993, Deputy of Bapindo Pontianak Branch in 1995 and Head of Bapindo
Tasikmalaya Branch in 1997.
• During his career in PT Bank Mandiri (Persero),Tbk. also served as Team Leader Branch Roll-Out in 19992000, Group Head MIS - Strategy & Performance Group in 2001-2003, Regional Risk Manager Bandung
in 2004-2006 and Regional Risk Manager Jakarta Sudirman in 2007 - 2009. Moreover, also served as
Commissioner of PT Wahana Optima Permai (Subsidiary of Bank Mandiri Empat Pension Fund) in 2009 to
2013.
• Participated Training and course are namely Bank Management Course di Stockholm, Boulder Colorado,
Cayman Islands, INSEAD Singapore, SESPIBANK Batch 34, Risk Management Certification and Risk
Management Competency Assessor – LSPP/BNSP.
• •
Since October 1, 2010 serves as Member of Risk Monitoring Committee inPTBankSyariahMandiri.
• Indonesian citizen, born in Cirebon on June 14, 1954. Graduated from Bachelor of Accounting, Universitas
Padjajaran, Bandung in 1983 and Master of Finance Management from STIE IPWI, Jakarta in 2998.
• Started his career at Bank Dagang Negara (BDN) in 193 at Jakarta Kota Branch and later in 1985 – 1993 at
Denpasar Branch as Head of Fund Division. In 1993 - 1995 at Bontang Branch Office, as Deputy of Branch
Office on Administration Affair. In 1995- 1998 at Accounting Affair as Head of Reconciliation Division.
• In 1998 -1999 joining with Bank Mandiri Merger Team as Chairman of Ex-BDN Accounting Coordiantion
Team. In 1999, joined as member ofBank Susila Bakti Convertion to Bank Syariah mandiri Working
Committee. In 2000 - 2001 joined with i Accounting Division in PT Bank Mandiri (Persero) as Group Head
Accounting and Operation Control. In 2001 – 2003 joined with Financial Control Project Division in PT Bank
Mandiri (Persero) as Department Head Legacy System & Accounting Support. In 2003 - 2010 joined with PT
Bank Syariah Mandiri, as Head of Oeprational and Accounting Division. In 2010 – 2011 served as Head of
Operational Division in PT Bank Syariah Mandiri.
• Several Trainings and Course participated were namelyBranch Management Course, Banking Accounting,
Taxation, Export and Import, Sharia Banking Implementation Overview and Level 4 Risk Management
Certification.
• Since 2012 to present teaches as Lecturer of Finance Management, Bachelor Degree Program at
Universitas Al-Azhar, Jakarta, Indonesia.
• Since April 2012 to present, serves as Member of Risk Monitoring Committee in PT Bank Syariah Mandiri.
Annual Report 2013
228
PT Bank Syariah Mandiri
3. Remuneration and Nomination
Committee
The Board of Commissioners has also established
Remuneration and Nomination Committee to support
Board of Commissioners duty and responsibility
implementation. This is in line with Good Corporate
Governance implementation (vide PBI No. 11/33/
PBI/2009) dated December 7, 2009 on Good
Corporate Goverannce practice for Sharia Commercial
Banking and Sharia Business Unit).
Remuneratin and Nomination Committee of PT Bank
Syariah Mandiri has already had working manual and
procedure as stated under Board of Directors and
Board of Commissioners Joint Decree No. 09/004-SKB/
KOM/DIR on PT Bank Syariah mandiri Remuneration
and Nomination Committee Working Manual and
Procedure stipulated on July 18th, 2007.
As an accountability of Remuneration and
Nomination Committee duty implementation in
2013, following are disclosed PT Bank Syariah Mandiri
Remuneration and Nomination Committee Working
Report in 2013.
a. Remuneration and Nomination Committee
Duty and Responsibility
1) Evaluating remuneration policy;
2) Evaluating conformity between remuneration
policy and the policy implementation;
4) Preparing and providing recommendation to
the Board of Commissioners on appointment
and/or succession mechanism and procedure
for members of Board of Commissioners,
Board of Directors and Sharia Supervisory
Board;
5) Providing recommendation to the Board of
Commissioners on candidate of Board of
Commissioners, Board of Directors and/or
Sharia Supervisory Board members;
6) Providing recommendation to the Board
of Commissioners on Indpendent Party as
candidate of Audit Committee and Risk
Monitoring Committee members.
b. Committee Membership Composition
PT Bank Syariah Mandiri Remuneration and
Nomination Committee consists of 6 (six)
members comprising of 1 (one) Chairman
served by Independent Commissioner, 1 (one)
Independent Commissioner member, 1 (one)
Commissioner member and 3 (three) members
which are the Bank Executive Officers.
Since January 1, 2013 to the closing of BSM
Annual GMS Fiscal Year 2012 held on May 29,
2013, PT Bank Syariah Mandiri Remuneration and
Nomination Committee membership composition
(vide: Decree No. 16/018 – KEP/DIR), as follows:
3) Providing recommendation to the Board
of Commissioners regarding remuneration
policy for Board of Commissioners, Board of
Directors, Sharia Supervisory Board, Executive
Officers and employees generally;
PT Bank Syariah Mandiri
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Annual Report 2013
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c. Remuneration & Nomination Committee
Working Report
Remuneration Committee Composition January 1 to May 28,
2013 Period
No.
Name
Position
1
Achmad Marzuki
Independent Commissioner and
Chairman
2
Abdillah
Independent Commissioner and
Member
3
Tardi
Commissioner and Member
4
Taufik Machrus
Head of Corporate Secretary Division,
Member
5
Achmad Fauzi
Head of Human Capital Division, Member
Eka B. Danuwirana
Head of Planning, Development &
Performance Management Division,
Member
6
In 2013, Remuneration and Nomination
Committee had conducted several reviews and
recommendation to the Board of Commissioners
on the Bank’s Remuneration and Nomination
policy, among others:
1) Discussing Annual GMS Fiscal Year 2012
material.
2) Discussing Board of Commissioners
membership changing.
3) Discussing Sharia Supervisory Board
remuneration.
Since May 29, 2013 to present, composition
of PT Bank Syariah mandiri Remuneration and
Nomination Committee is as follows:
4) Discussing Independent party Committee
members remuneration
Remuneration Committee Composition 29 May 2013 – Present
No.
Name
d. Remuneration & Nomination Committee
Meeting
Position
1
Achmad Marzuki
Independent Commissioner and
Chairman
2
Ramzi A. Zuhdi
Independent Commissioner and
Member
3
Agus Fuad
Commissioner and Member
4
Taufik Machrus
Head of Corporate Secretary Division;
Member
5
Achmad Fauzi
Head of Human Capital Division, Member
6
Eka B. Danuwirana
Head of Planning, Development &
Performance Division, Member
Annual Report 2013
Remuneration and Nomination Committee is
obligated to hold meeting at least 1 (once) in 3
(three) months (vide Board of Directors and Board
of Commissioners Joint Decree No. 9/004 – SKB/
KOM – DIR, Article 8). Throughout 2013, the
Remuneration and Nomination Committee held 4
(four) meetings.
230
PT Bank Syariah Mandiri
e. Remuneration and Nomination Committee
Members Brief Profile
Name
Brief Profile
Indonesian citizen, born in Pasuruan on April 3, 1968. Graduated from Faculty of Economy, Universitas
Airlangga in 1994.
Joining with BSM since 2001 and since December 19, 2012 serves as Head of Corporate Secretary Division
(CSD) before also served as Head of Procurement and Services Division (PSD).
Taufik Machrus
Member of Remuneration &
Nomination Committee
Indonesian citizen, born in Kuningan, West Java on November 4, 1965. Fraduated from Faculty of Economy,
Unkris in 1989 and Master of Business Law from Universitas Padjajaran, Bandung in 2002. Joining with BSM
since 2005 and since December 19, 2012 serves as Head of Human Capital Division (HCD), before previously
also served as Head of Corproate Secretary Division (CSD).
Achmad Fauzi
Member of Remuneration &
Nomination Committee
Indonesian citizen born in Tegal on April 11, 1969. Graduated from Faculty of Engineering, University of Missouri,
USA in 1993, obtained Master Degree from Engineering Faculty, Purdue University USA in 1995. Joining
BSm since 2007 and since December 19, 2012 serves as Head of Planning, Development and Performance
Management Division (PMD) before previously served as Head of Human Capital Division (HCD).
Eka Bramantya Danuwirana
Member of Remuneration &
Nomination Committee
PT Bank Syariah Mandiri
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J. Corporate Secretary
Corporate Communication, Corporate Branding, Secretarial &
Document Management, Office of the Board, Corporate Event
& CSR to communicate with the Bank’s external and internal
parties.
Corporate Secretary Division (CSD) holds a mission to
support Company’s sustainable and consistent positive
corporate image through effective communication program
management to all stakeholders.
Pursuant to Decree No. 14/747-KEP/DIR dated December 13,
2012 on PT Bank Syariah Mandiri Employee Recruitment and
Placement, the Board of Directors appointed Taufik Machrus
as Corporate Secretary of PT Bank Syariah Mandiri since
December 17, 2012.
1. Corporate Secretary Organization Structure
Corporate Secretary Division (CSD) Organization structure is as illustrated on following chart:
In carrying his function and role, Corporate Secretary is
assisted by supporting unit such as Executive Assistant,
CSD
Secretarial
Team Leader
Executive Assistant
Corporate
Branding
Corporate
Communication
Executive Assistant
to Director
Brand
Development
Media Relation
Executive Assistant
to Comissioner
Brand
Implementation
Executive Assistant
to DPS
Clerk
Corporate
Event
Board Protocol
Clerk
Document
Management
Clerk
Corporate
Event & CSR
Office of The
Board
Secretarial
External
Communication
Brand
Management
Clerk
Secretarial &
Document
Management
Clerk
Board Support
Clerk
Clerk
Corporate Social
Responsibility
Clerk
Corporate
Documentation
Internal
Communication
Clerk
Clerk
Board Secretary
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PT Bank Syariah Mandiri
2. Corporate Secretary Duty and
Responsibility
Function and role of Corporate Secretary in the
Bank as well as its supporting units as regulated
under Decree No. 14/747 – KEP/DIR dated December
13, 2012 on PT Bank Syariah Mandiri Employees
Recruitment and Palcement with principal duty and
responsibility, as follows:
a. Following market trend and the Bank’s external
condition mainly on regulations applied in Sharia
Banking.
b. Providing service to the society in understanding
the Bank and every information required by the
Bank’s external party and related with internal
condition and/or particular aspects that the public
wishes to acknowledge.
c. Providing recommendation to the Board of
Directors to implement prevailing Law/regulation
namely about the Company, Bonds, Sharia
Banking Shares, Stock Market and its practical
regulation.
d. Ensuring as the liaison officer betweent he Bank
and external institution which representing the
public.
e. Reminding the Board of Directors on its
responsibility to perform optimum GCG based
on Company’s objective to build more positive
corporate image and increase profit in sustainable
manner.
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3. Corporate Secretary Performance
Realization
f. Ensuring the implementation of Board of
Commissioners, Board of Directors, Committee
and Sharia Supervisory Board function.
g. Coordinating GCG Implementation SelfAssessment and Reporting in the Bank based on
PBI.
The activities carried by the Corporate Secretary in
2013 related with the relationship with Stakeholders,
among others:
h. Preparing Shareholders List, Special List from
the members of Board of Directors, Board of
Commissioners and their families regarding
sharesownership, business relationship and other
roles which may drive conflict of interest.
a. Media Gathering which involving Press and
Company’s People.
b. Memorandum of Understanding (MoU) signing
with the Bank’s partners.
c. Orginizing various events to build firm bank’s
reputation, such as:
i. Attending and preparing Board of Directors and
Board of Commissioners minutes of meeting.
1) iB Vaganza event in several major cities in
Indonesia.
j. Organizing General Meetings of Shareholders.
Relationship with the Stakeholders is executed
namely through analyst meeting, public exposure,
monthly financial performance publication, quarter,
semester and annual financial report publications.
Other Shareholders and Stakeholders who are also
able to access information about the Bank and its
activity at website www.syariahmandiri.co.id.
2) Franchise & License Expo Exhibition
3) Indonesia Banking Expo (IBEX)
4) Banking Clinic event
5) Banking and Micro & SME Bazaar
d. Preparing media publication
e. Orginizing several events related with Corporate
Social Responsibility (CSR) program, in
cooperation with BSM LAZNAS, namely:
Moreover, considering employees as a key element
in building corporate image, The Bank’s Corporate
Secretary also holds a duty to disseminate information
about BSm to entire employee, including disclosing
management program and policy. The information is
presented through internal media such as: mailing list,
BSM Media, Monday Morning Pray Forum, Wednesday
Evening Recital, Friday Morning Pray, Intranet,
employees gathering and socialization activity to
Regional and Branch Offices.
1) Mass circumcision event
2) Orphan donation
3) Fasting break event with orphans
4) Qordhul Hasan financing
5) Community Development with mushroom
cultivation
6) Religious Facility building
7) Flood disaster donation
Annual Report 2013
234
PT Bank Syariah Mandiri
4. Corporate Secretary Brief Profile
Name
Brief Profile
Indonesian citizen born in Pasuruan on April 3, 1968. Graduated from Faculty of Economy, Universitas
Airlangga in 1994.
Serving as Head of Corporate Secretary Division (CSD) since December 19, 2012. Prior serving at CSD,
also served as Head of Procurement and Services Division (PSD). Born in Pasuruan on April 3, 1968 and
graduated from Faculty of Economy, Universitas Airlangga in 1994. Joining BSM since 2001
Taufik Machrus
Head of Corporate Secretary
Division
5. / List of Press Release 2013
No
Date
1.
January 3, 2013
BSM To Receive Rp300 billion Additional Capital
2.
January 3, 2013
BSM Invite SMF to Finance House
3.
January 16, 2013
BSM Signed MOU with USAID - IUWASH
4.
February 7, 2013
BSM To Relocate Kendari Branch Office
5.
February 21, 2013
BSM Won The Best Islamic Bank in Indonesia Award from Euromoney
6.
February 25, 2013
BSM Won Platinum Award as The Best Islamic Fully Pledged Bank from Karim Business Consulting
7.
March 12, 2013
BSM Supported 70th Anniversary of KH Ma’ruf Amin Book Launching
8.
March 21, 2013
BSM To Open Pawn Service Outlet at PT Pos Indonesia
9.
March 25 ,2013
BSM Launched BSM Gold Installment Product 9 (iB), March 25, 2013
10.
March 31, 2013
BSM Inaugurated Minibank at Undip and UNS
11.
April 11, 2013
BSM Profit in 2012 To reach Rp806 Billion
12.
April 16, 2013
BSM President Director Won CEO Innovative Award
13.
May 3, 2013
Focus on Low Cost Fund, BSM Held BSM Special Events
14.
May 14, 2013
BSM Profit in 1st Quarter of 2013 to Reach Rp256.6 Billion
PT Bank Syariah Mandiri
Title
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BSM won The Most Trusted Companies Award
2013 from SWA magazine in cooperation ith
IICG. The award is reflection of public trust to
BSm as a Company that is firmly committe4d
to maintain GCG principles in its operational
activity.
15.
May 22, 2013
BSM To Launch BSM Call 14040
16.
June 18, 2013
KSEI Appointed BSM as Sharia Customers Fund Account Administrator Bank for 2013 – 2015 period
17.
June 14, 2013
BSM Supports Charter for Compassion Signing
18.
July 1, 2013
19.
July 27, 2013
BSM won MAKE Award from Dunamis
20.
July 29, 2013
LPS Guarantees Bank Syariah Mandiri Hajj Fund
21.
August 16, 2013
22.
August 7, 2013
23.
August 26, 2013
24.
September 6, 2013
BSM To Achieve AA + from Pefindo
25.
September 10, 2013
BSM To Open Hakk Financing Service Outlet
26.
September 26, 2013
BSM Supports Basketball Athlete
27.
October 18, 2013
BSM Won Fourth Consecutive Annual Report Awards
28.
October 23, 2013
BSM Is Committed to Win GCG
29.
November 22, 2013
BSM Disbursed Qardh and Scholarship Assistance to Rp491,000,000 at iB Vaganza, Semarang
30.
December 6, 2013
Mandiri To hold International Islamic Expo 2013 Event
31.
December 6, 2013
BSM Launched Sharia Shares Deposit
Bank Syariah Mandiri and Garuda Indonesia Signed Banking product and service partnership MOU.
Bank Syariah Mandiri (BSM) To Synergize Gold Pawn Service with Bank Mandiri
BSM To Coopeate in Biogas Financing with UNEP
United Nations Environment Programme (UNEP) to partner with Bank Syariah Mandiri (BSM) and House
Biogas (BLUE) to Promote Lending for Clean Energy in Indonesia
6. Correspondency List 2013
In 2013, BSM sent 61,260 outfoing mails and
administered ingoing mails to 56,302 letters. The
budget allocated to administer outgoing mail in 2013
reached to Rp520.11 million.
Annual Report 2013
236
PT Bank Syariah Mandiri
K. Family Relationship Among
Members of Board of
Commissioners, Board of
Directors and Shareholders
3. Assessor Party
Assessor Party on the Board of Commissioners
performance is the General Meetings of Shareholders
(GMS), while, Board of Directors performance
assessment is carried by the Board of Commissioners
and GMS. In carrying Board of Directors performance
assessment, the Board of Commissioners refers
to Board of Directors aforementioned KPI. The
Board of Commissioners and Board of Directors
accounted performance realization on each duty and
responsibility execution to the Shareholders on the
GMS.
Referring to BMPD Data of related party, there is no family
relationship among members of Board of Commissioners,
Board of Directors and or Shareholders.
L. Board of Commissioners and
Board of Directors Assessment
4. Board of Commissioners and Board
of Directors Assessment
1. Assessment Process
Implementation
Board of Commissioners and Board of Directors
assessment in 2013 was carried via GCG Implementation
Self-Assessment. The GCG Self-Assessment practice
is referring to several indicators namely Governance
Structure Implementation, Corporate Governance
Policy, Corporate Governance and Audit Disclosure,
and Internal Control System. Internal Self-Assessment
is carried by the Board of Commissioners, Board of
Directors and Unit Head.
Assessment process on Board of Commissioners
performance is held through GMS. The GMS is a
meeting held by the Board of Directors under written
proposal from one or more Board of Commissioners
members or one or more shareholders who
collectively represent 1/10 part of total shares with
legal voting rights.
GCG Implementation assessment by the Board of
Commissioners and Board of Directors is carried
based on the bank’s regulator provision which is
Bank Indonesia under PBI No. 11/33/PBI/2009 dated
December 7, 2009 and BI SE No. 12/13/DPbS dated April
10, 2010 on Good Corporate Governance Practice for
Sharia Commercial Bank and SBU.
2. Performance Indicator/Criteria
A criteria to assess Board of Commissioners
performance is Board of Commissioners duty
implementation in carrying monitoring against the
Company’s management practice, and providing
advise to the Board of Directors on behalf of the
Company’s interest and objective as well as carrying
special assignment delegated to him/her based
on Articles of Association and/or GMS Decision on
prevailing regulation corridor. On the other hand,
performance indicators to assess the Board of
Directors criteria are including:
Result of GCG Self-Assessment on Board
of Commissioners duty and responsibility
implementation is as follows:
a. Board of Commissioners composition, criteria and
independency
1) Number of BOC members has complied with
prevailing requirement who all reside in
Indonesia.
1. Each of Board of Directors duty and responsibility
implementation based on Articles of Association.
2. Implementing Annual GMS Decision 2013.
2) All of the BOC members have adequate
integrity, competency and financial
reputation.
3. The Bank Business Plan realization
PT Bank Syariah Mandiri
237
Annual Report 2013
CORPORATE
GOVERNANCE
5) Related with Audit Committee review result
and Board of Directors report on the internal
and external audit result monitoring report,
3) 60% of BOC members are Independent
Commissioners.
4) All of the Independent Commissioners do not
have financial, managerial, shareownership
and/or family relationship with controlling
shareholders, members of Board of
Commissioners and/or Board of Directors or
financial and/or share ownership relation with
the Bank.
6) The Board of Commissioners has carried duty
and responsibility based on GCG principle.
7) The Board of Commissioners has established
Audit Committee, Risk Monitoring Committee
and Remuneration & Nomination Committee.
8) The Board of Commissioners has ensured that
established Committees has been performed
effectively and periodically reviewed as
well as monitored the Committees duty
realization.
5) Board of Commissioners member do not
have family relationship each other until
second heirs with other members of Board of
Commissioners and/or Board of Directors.
b. Board of Commissioners duty and responsibility
c. Board of Commissioners Meeting Effectiveness
1) The Board of Commissioners has performed
GCG practice monitoring in every business
activity of the Bank. The monitoring
implementation is throughout reports
delivered by the Board of Directors, review
from the Committees under the Board of
Commissioners and several joint meetings
between the Board of Directors and working
unit.
1) The Board of Commissioners held 1 (one)
meeting in a month that exceeded minimum
requirement of 1 (one) meeting in every 2
(two) months. Throughout 2013, the meeting
held by the Board of Commissioners reached
to 33 meetings (Joint meeting with BOD and
Sharia Supervisory Board).
2) The Board of Commissioners Decision
has been stated on minutes of meeting
including any dissenting opinion. TO present,
the decision making is always carried by
promoting collective for consensus principle.
2) The Board of Directors has performed
monitoring and providing advise on the
Board of Directors duty and responsibility
implementation. Both of the initiative were
carried both through verbal statement or on
meeting forum (BOC – BOD Joint Meetings) as
well as under written letter.
3) The Board of Commissioners has addressed
meeting result both as recommendation and/
or advise to the Board of Directors in written
statement or on meteing forum.
3) The Board of Commissioners has identified,
evaluated, monitored and directed the Bank’s
strategic policy implementation and approval
both through written statement or directly on
the meeting.
d. Board of Commissioners Transparency
1) The Board of Commissioners does not take
advantage of the Bank for personal, family
and/or other parties benefit which may
reduce the Bank’s assets or profit.
4) The Board of Commissioners has ensured
that the Board of Directors has followed-up
audit finding and recommendation from
Bank Indonesia audit result. This is carried by
overseeing the Bank internal audit action plan
execution through BOD joint meeting.
Annual Report 2013
2) The Board of Commissioners does not take or
receive personal benefit from the Bank unless
remuneration and other facilities stipulated
on the GMS.
238
PT Bank Syariah Mandiri
Result of the GCG Self-Assessment on Board of
Directors duty and responsibility implementation
is as follows:
3) The Board of Directros has attempted to
implement GCG principles in carrying
BUS operational cativity in every level or
organizational position.
a. Board of Directors Composition, criteria and
independency.
4) The Board of Directors has complied with
commitment that every internal and external
audit finding will be followed-up.
1) KNumber of BOD members has complied
with prevailing requirement who all reside in
Indonesia.
5) The Board of Directors has accounted its duty
implementation to the Shareholders through
Annual GMS.
2) The President Director does not have
financial, managerial, shareownership and/
or family relationship with controlling
shareholders.
3) Board of Directors has adequate integrity,
competency and financial reputation.
4) Board of Directors members appointment
and/or succession has been carried by
considering recommendation from the
Nomination Committee or Remuneraiton and
Nomination Committee.
5) All of the Boar dof Directors members either
individually or collectively do not have shares
more than 25% (twenty five percent) from
paid-in capital of other companies.
6) All of the Board of Directors members do
not have family relationship each other until
second heirs with other members of Board of
Commissioners and/or Board of Directors
b. Board of Commissioners duty and responsibility
1) The Board of Directors is fully in charge on
BUS Management. The Board of Directors has
delivered optimum effort in realizing business
target set by the management. In achieving
the business target, the Board of Directors
promotes prevailing prudential banking and
sharia principles.
6) In disclosing the Bank’s policies to the
employees under the Bank Circular Letter
which is accessible by the Bank’s employees.
The information is also disseminated
throughout Morning Pray Forum,
Coordiantion Meeting, Regional Meeting,
Family Gathering, e-Learning,e tc.
7) The Board of Directors members do not
delegate attorney to toher parties which will
drive Board of Directors duty and function
referral.
8) Pursuant to Bank Indonesia guideline, BSM
has seeked to segregate function between
operational/business with monitoring/risk
management/supporting function at Board of
Directors level which was realized at the end
of 2012.
9) To optimize Good Corporate Governance
(GCG) implementation, the Board of Directors
has issued Board of Directors Manual and
Procedure disclosing working and meeting
schedule.
c) Board of Commissioners Meeting Effectiveness
1) The Board of Directors determines strategic
policy and decision through Board of
Directors meeting mechanism. The Board of
2) In managing the Bank, the Board of
Directors has complied with authority and
responsibility as regulated under Articles of
Association and other prevailing regulation.
PT Bank Syariah Mandiri
239
Annual Report 2013
CORPORATE
GOVERNANCE
Joint Meeting, Board of Directors and Board of
Commissiones Joint Meeting and BOC and Sharia
Supervisory Board Joint Meeting discussing
compliance agenda, sharia principle realization on
the bank’s business activity.
Directors meeting is held minimum once a
week.
2) minutes of meeting as collective decision of
entire Board of Directors members has been
documented and kept appropriately.
g. The Board of Commissioners has carried
monitoring on the Bank Business Plan
implementation.
3) Any BOD meeting decision which requires
action plan has been followed-up, both by the
Board of Directors and Related Division.
h. The Board of Commissioners has carried active
monitoring on compliance function.
BSM Board of Commissioners and Board of
Directors Duty Realization 2013
Result of GCG implementation ssessment as part of
the Board of Directors duty and responsibility that
had been appropriately carried, as follows:
Result of GCG Implementation assessment as part of
the Board of Commissioners duty and responsibility
had been appropriately carried throughout several
practices, as follows:
a. The Board of Directors has carried each duty and
responsibility based on Directorate.
a. Board of Commissioners has a working manual
b. The Board of Directors has segregated functional
duty between operational/business and
monitoring/risk management/supporting
functions on the bank’s organization structure to
prevent Conflict of Interest.
b. Board of Commissioners has established Audit
Committee, Risk Monitoring Committee and
Remuneration & Nomination Committee
that assits the Board of Commissioners duty
and responsibility implementation with each
respective expertise.
c. The Board of Directors has disseminated spiritual
message to BSM within “Defining Performance”
book as message from BSM President Director to
build BSM Longness and sustainable to be a great
teacher and defender of spiritual civilization in
years to come. Developing firm and unified as well
as internalized corporate values to all BSM people.
c. The Board of Commissioners has carried
monitoring against the Board of Directors duty
and responsibility implementation, Board of
Directors policy monitoring as well as providing
advise to the Board of Directors.
d. The Board of Directors has carried a madnate as
Chairman in various institutions or associations
namely appointment of BSM President Director
as Chairman of ASBISINDO. This becomes social
responsibility of the Board of Directors particularly
President Director of BSM towards sharia financial
system progress and achievement in Indonesia.
d. The Board of Commissioners has overseen
and evaluated the bank strategic policy
implementation.
e. The Board of Commissioners has followed-up
several aspects which need to be concerned and
approved by the Board of Commissioners on
the bank’s activities namely when the Board of
Commissioners approves financing to Related
Party.
e. The Board of Directors has carried self and
competency development program throughout
various trainings, workshop or seminars which are
relevant with the Board of Directors function and
f. The Board of Commissioners has carried effective
communication with the Board of Directors
and Sharia Supervisory Board by conducting
Board of Commissioners and Board of Directors
Annual Report 2013
240
PT Bank Syariah Mandiri
duty.
f. The Board of Directors has prepared Bank Business
Strategy and business achievement strategy
appropriately.
g. The Board of Directors has provided direct briefing
and advise to BSM Management through morning
pray forum in every Modnag and via other media
(intranet, SMS).
h. The Board of Directors has given an opportunity
to BSM Management to develop self and
competency in supporting duty and responsibility
implementation throughout Board of Director
attendance during the employee training,
workshop and other similar activities opening
ceremony..
facilities which can be owned or can not be
owned.
HResult of the review is disclosed by the
Remuneration and Nomination Committee to the
Board of Commissioners to be later authorized on the
GMS.
Disclosure of remuneration policy and other facilities
is as illustrated on following table:
Table of Remuneration Package
Type of Remuneration
Package
1. Remuneration
M.Remuneration and Other Facilities
1. Remuneration Policy and Other
Facilities
2. Other Facilities*) :
a. Can be owned
b. Can not be owned
TOTAL
Remuneration policy and other policies (remuneration
package) are stipulated on the General Meetings of
Shareholders (GMS) to the Board of Commissioners,
Board of Directors and Sharia Supervisory Board.
* ) din Rupiah equivalent
Remuneration package which is determined by the
GMS is including
a. Remuneration which refers to financial (nonnatura) benefit comprising of salary, benefit,
compensation as shares, bonus and other
remuneration package, and
b. Other facilities which refers to non-financial
(natura) received facility comprising of housing
facility, transportation facility, health insurance
facility, telecommunication facility and other
PT Bank Syariah Mandiri
241
Annual Report 2013
Total Received in 1 Year
Board of Directors
Person
6
Rupiah
33.168.400.399
282.919.999
2.257.751.541
35.709.071.939
CORPORATE
GOVERNANCE
BSM won Service Quality Award from CCSRL
Service Excellence Magazine based on
accessibility, service process, people, service
solution assessment
2. Board of Directors Members
Annual Remuneration
Table of Salary Ratio
Total remuneration received by the Board of Directors
members annually is classified into amount of
remuneration level as illustrated on following table:
Table of Salary Ratio
Total Remuneation *)
per person in 1 Year
Total BOD
Members
More than Rp2 billion
6
More than Rp1 billion to Rp2 billion
-
More than Rp500 million to Rp1 billion
-
Less than Rp500 million
-
No
Description
Ratio
1
Highest and Lowest Commissioners Salary
Ratio
1.1 : 1
2
Highest and Lowest Directors Salary Ratio
1.1 : 1
3
Highest Directors and Employees Salary
Ratio
2.7 : 1
4
Highest and Lowest Employees Salary
Ratio
25.8 : 1
Remuneration package realization for the Board
of Directors refers to the Shareholders’ decision as
stipulated on the GMS by concerning advise from the
Remuneration and Nomination Committee.
*) Received in cash
3. Highest and Lowest Salary Ratio
Meanwhile, highest and lowest salary ratio
constituting following ratio:
N. Corporate Information and Data
Access
Information access to all Stakeholders becomes an
essential part in improving information disclosure principle
both internally and externally, which is expected to
assist, maintain and develop Stakeholders knowledge,
understanding and positive perception to the Bank’s
policy and activity. Besides using national printing media,
the information is also disseminated through following
channels:
Annual Report 2013
242
PT Bank Syariah Mandiri
1. Duty and responsibility implementation guideline for
Members of Board of Commissioners and Board of
Directors, Shareholders and Sharia Supervisory Board
Members.
1. Website: www.syariahmandiri.co.id.
2. Social network: Facebook, Twitter.
3. Bank Internal Magazine.
4. Television/Radio.
2. Obligation to complete Board of Commissioners
approval additional form on fund provision to Related
Party.
5. Recital Forum.
6. Communication media between the Bank and
employees using various provided facilities such as
intranet, Circular Leter, morning pray forum and other
facilities
3. Prohibition to Executive Officer to approve fund
provision to family members (to second heirs).
4. BSM management commitment to implement Bankers
Ethical Code, BSM Code of Conduct, Title Vow and every
prevailing regulation.
O. Conflict of Interest Handling
5. Annual Disclosure filling by the BSM Management
annualy on GIS (GCG Information System) application.
The Bank has an internal regulation related with Conflict
of Interest in carrying the Bank’s management duty and
responsibility as stated under PT Bank Syariah Mandiri Board
of Directors and Board of Commissioners Joint Decree No.
4/002/DIR.KOM dated November 26th, 2002.
6. Family relationship form implementation to new
employees to prevent conflict of interest from any
placement in certain operational area.
7. Head of Branch Office function implementation as the
Bank’s Executive aiming to serve in compliance with
regulation and optimizing internal control function
(internal control system), increasing Compliance culture
awareness ine very activity and mitigating compliance
risk.
Conflict of Interest is a condition when the Bank’s
management has other interests than interest of the
Company constituting self, family or certain parties’ interests.
The Bank’s management has to acknowledge and aware of
any activity which may bring conflict of interest as well as
obligated to prevent respective condition. IF the activity is
unavoidable, to immediately report to direct supervisor.
8. Punishment for BSM management, if proven
committing conflict of interest action and bring loss to
the Bank.
The Bank has taken several initiatives to anticipate conflict of
interest, as follows:
No.
Name (initial)
Position
Conflict of interest occurred at BSM in 2013 and and had been handled is as follows:
Type of Transaction
1.
M .A. M.
Ex-Head of Branch
Fictive Financing
Disbursement
2.
C.H.
Ex-Head of Supportign
Branch
Fictive Financing
Disbursement
3.
J.L.
Ex-Accounting Officer
Fictive Financing
Disbursement
Transaction Value
Description
Rp102 billion
Fraud on financing process
related with customers, collateral
and financing analysis data
which incomply with prevailing
procedure and regulation
All of those three names have personal interest on
cutomers financing process to take personal benefit. As an
actualization of GCG implementation commitment, the Bank
has processed based on prevailing internal regulation and
reported those parties to authorized institutions to take
responsibility.
PT Bank Syariah Mandiri
243
Annual Report 2013
CORPORATE
GOVERNANCE
P. Litigation faced by the Company,
Subsidairy, Members of Board
of Directors and/or Board of
Commissioners
Central Jakarta Religious Court to Cassation (PK) at
Supreme Court.
The Supreme Court has issued Letter No. 22/SPMAG/C/I/V dated May 21st, 2012 which rejects cassation
proposed by the Bank.
On December 31, 2012 and 2011, the Bank had
allocated allowance for losses estimation on the
litigation amounted to Rp12,000,000,000.
Litigation refers to law case both crime and civil faced
by BSM during the reporting year period and has been
proposed under legal process.
PT AS reports a conjecture of Banking Crime to
Bareskrim Polri No. LP/258/IV/2010/Bareskrim dated
April 12, 2010. To the report, Investigation Suspension
Order (SP3) had been issued under Police Department
of Republic Indonesia Economy and Special Crime
Case Director Decree no. S.Tap/34c/V/2013/Dit
Tipideksus dated May 16, 2013 on investigation
suspension.
Litigation of the Bank in 2013
Total
Litigation
Civil
crime
-
-
Under settlement process
41
-
Total
41
-
Settled
(with permanent legal force – inkracht)
PT AS proposed new appeal through Central Jakarta
State Court Case Number No. 404/Pdt.G/2013/PN.JKT/
PST dated September 3, 2013 that principally the
prosecutor (PT AS) appealed against law action to
Defendant (BSM) due the Defendant failed to carry
Basyarnas decision. Hereinafter, Chairman of Judge
Panel had decided on the interlocutory that the
Defendant exception may be accepted and Central
Java State Court did not authorize to investigate and
adjudicate the case or charge the Prosecutor to pay
case fee.
1. Law Case betweent he Bank and PT
Atriumasta Sakti
On January 12, 2009, PT Atriumasta Sakti (PT AS) sued
the Bank through National Sharia Arbitrary Agency
(BASYARNAS) with case registry No. 16/Tahun 2008/
BASYARNAS/Ka.Jak . disputed party on the case are PT
AS as prosecutor and the Bank as defendant.
Case Settlement status, Impact and Administration
Penalty
2. Other Litigations
From the trial process, on September 16, 2009,
BASYARNAS Arbitrary Board has decided namely to
impose punishment to the Bank to repay to PT AS
in cash amounted to Rp878,791,366 and charged
to pay other costs to PT AS as long the cost is
proved with evident verified by Public Accountant
Office for its validity, both regarding the evident
originality or amount of the cost with estimation to
Rp11,647,310,116.
Value Added Tax (VAT) Issue on Murabahah
Financing.
In 2004 and 2005, Head and Several Branch Offices
of the Bank had received Underpaid Tx Statement
(SKPKB) and Dunning Notices (STP) on Value Added
Tax (VAT) for January to December 2003 period
from the Taxation General Directorate (Dirjan Pajak)
amounting to Rp37,649,329,708, that in carrying its
intermediary function, the Bank has disbursed fund
based on sharia principle as murabahah financing.
Under the Arbitrary Board decision, the Bank has
taken legal appeal from Rejection Appeal through
Annual Report 2013
244
PT Bank Syariah Mandiri
Detail of SKPKB and STP is as follows: Head Office
in Jakarta of Rp25,542,431,822, Branch Office in
Jambi of Rp1,588,713,232, Branch Office in Solo of
Rp5,830,767,262, Branch Office in Bandar Lampung of
Rp2,377,922,133 and Branch Office in Pekalongan of
Rp2,309,495,259.
Towards aforementioned SKPKB and STP, the Bank
refused to pay due to taxation legal status issues from
murabahah financing transaction which at that time
had not been specifically and explicitely implemented
in regulationg the sharia bank’s business activity
mainly murabahah financing that requires defining
process.
On October 15, 2009, the Government has issued
RI Law No. 42 of 2009 on Third Amendment of RI
Law No. 8 of 1983 on Commodities and Luxurious
Goods Trading VAT applied since April 1, 2010. The
RI Law affirmed that financing service based on
sharia principle is considered as Non-VAT service
classification.
Annuity Method Implementation on Murabahah
On December 21, 2012, National Sharia Board –
Indonesia Ulemma Board (DSN – MUI) has issued
regulation No. 84/DSN – MUI/XII/2012 on Tamwil Bi AlMurabahah (Murabahah Financing) Profit Recognition
in Sharia Financial Institution. The regulation stated
that Murabahah profit recognition on business carried
by sharia financial institution may be conducted
proportionally or under annuity method as long
complied with custom prevailed among sharia
financial institutions.
The Bank assumed that murabahah financing is a
banking service as regulated under Law No. 7 of
1992 on Banking as amended under Law No. 10 of
1998 and Law No. 21 of 2008 on Sharia Banking
that the murabahah financing is exceptional on VAT
calculation. This was complied with Law No. 8 of 1983
as amended under Law No. 18 of 2000 on Goods and
Services and Luxurious Goods selling VAT.
The Dirjen Pajak assumed that the murabahah
transaction activity carried by the Bank has a VA
due that the activity was carried under commodity
tradining principle and murabahah transaction is not
considered as banking service.
Further, in 2010, the Government has issued Law
Republic Indonesia Law No. 2 of 2010 on Amendment
of RI Law No. 47 of 2009 on State Budget and
Expenditure for Budget Year 2010 applied since May
25, 2010. On Article 3 point 2 b of the Law as well
as its explanation, stated that VAT calculation on
murabahah transaction in certain Sharia Banks is
covered by the Government. Referring to explanation
of Article 3 point 2, total Bank VAT covered by the
Government amounted to Rp25,542,431,822 from
total SKPKB and STP received by the Bank which was
Rp37,649,329,708 as stated on previous paragraph.
PT Bank Syariah Mandiri
The Management was confident that mismatch
between PTPN covered by the Government and TP
received by the Bank will not be charged to the Bank
based on the explanation and purpose of the Law.
245
Pursuant to the regulation, on January 16, 2013,
Sharia Accounting Standard Board – Indonesia
Accounting Association (DSAS – IAI) has issued
Technocal Bulletin No. 9 to regulate and uniform
annuity method implementation on Murabahah
transaction. Based on Technocal Bulletin No. 9, the
Murabahah transaction carried by most of sharia
financial institution is principally as financing
transaction. Therefore, accounting treatment for
murabahah financing transaction shall refer to
SFAS 55: “Financial Instrument: Recognizion and
Measurement,” SFAS 50: “Financial Instrument:
Presentation,” SFAS 60: “Financial Instrument:
Presentation,” SFAS 60: “Financial Instrument:
Disclosure: and other relevant SFAS.
Annual Report 2013
CORPORATE
GOVERNANCE
The Bank is presently evaluating Technical Bulleting
No. 9 and has not been stipulating impact to the
financial report.
R. Corporate Accountant
Appointment of Public Accountant Office is referring to List
of Public Accountant Office at Bank Indonesia. The recent
Public Accountant Office will be appointed for 5 (five)
years period. The Public Accountant Office appointment
process will be confirmed by issuing SE No. 10/012/
UMM, dated December 24, 2008 on Public Accountant
Office Appointment Manual. The Public Accountant Office
appointment has passed selection process carried by
Audit Service Procurement Team assisted with Accounting
Division, Audit Committee, BOD and BOC after proposed on
the GMS.
Murabahah Related Income and Expense
Under Murabahah agreement, Sharia Financial
Institution (LKS) will receive income beyond profit
margin namely administration fee and other financing
related fees. LKS also may charge several expenses
which are directly related with financing activity
namely commission fee, survey fee and other fee.
Direct income and expense treatment which has
not been equally carire dby the Sharia Financial
Institutions whether will be recognized as prepaid
income/expense or income/expense during the
agreement period.
BSM has appointed Purwantono, Suherman & Surja Public
Accountant Office (affiliated auditor of Ernst & Young
international (E&Y)) with Public Accountant of Benyanto
Suherman (Public Accountant registry No. 05.1.0973)
addressed at Indonesia Stock Exchange Building Tower
2 Building, 7th Floor, Jl. Jend. Sudirman Kav 52 – 53,
Jakarta 12190 to conduct financial performance audit
fiscal year 2013 with audit and other attestation services
fee of Rp820,000,000. The Public Accountant and Public
Accountant Office appointment was referring to PT Bank
Syariah Mandiri AGMS Decision on May 29, 2013.
Respective condition becomes a notable concern
for DSAS – IAI in issuing Technical Bulletin No. 5 to
regulate directly related income and expense on
murabahah transaction. Based on Technical Bulletin
No. 5, all of income and expense are recognized in
line with murabahah profit recognizion as regulated
under SFAS 102.
The Bank is presently evaluating Technical Bulletin no.
5 and has not been stipulating impac to the financial
statements.
On the Public Accountant report, DPS opinion was disclosed
that BSM has complied with sharia principle. The KAP also
has delivered management letter timely and able to work
professionally complying with BSm interest based on
professional standard and BI Regualtion. On the service fee
was out of pocket expenses.
Q. Shares and Bonds Buyback
Pursuant to SEBI No. 12/13/DPbS, on Good Corporate
Governance practice for Sharia Commercial Bank and
Sharia Business Unit, dated April 30, 2010, shares and bonds
buyback refers to an initiative to reduce issued shares or
bunds numbers by re-buying the shares or bonds, with
payment method as regulated under prevailing law and
regulation. The Bank did not conduct any shares or bonds
buyback in 2013.
Annual Report 2013
Audit service scope was including Financial Statements
audit, Compliance to Interanal Control Audit, Law
Compliance Audit and Financial Performance Audit.
246
PT Bank Syariah Mandiri
Public Accountant and Public Accountant Office 2013
Period
2011
2012
2013
Accountant
Drs. Hari
Purwantono,
Public Accountant
Registry No.
98.1.0065
Benyanto
Suherman
Public Accountant
Registry No..
05.1.0973
Benyanto
Suherman
Public Accountant
Registry No..
05.1.0973
Public Accountant
Office
Purwantono,
Suherman & Surja,
Public Accountant
Office Registry No.
381/KM.1/2010
Purwantono,
Suherman & Surja,
Public Accountant
Office Registry No.
381/KM.1/2010
Purwantono,
Suherman & Surja,
Public Accountant
Office Registry No.
381/KM.1/2010
Address
Audit Fee
Indonesia Stock Exchange
Building, Tower 2, 7th
floor, Jl. Jend. Sudirman
Kav-52-53 Jakarta 12190,
Indonesia
Indonesia Stock Exchange
Building, Tower 2, 7th
floor, Jl. Jend. Sudirman
Kav-52-53 Jakarta 12190,
Indonesia
Indonesia Stock Exchange
Building, Tower 2, 7th
floor, Jl. Jend. Sudirman
Kav-52-53 Jakarta 12190,
Indonesia
Rp 750 million
Rp 745 million
Rp 820 million
Non-Financial Audit
Service
Unqualified
- Internal Control and
Law Compliance Audit
- Performance Audit
Unqualified
- Internal Control and
Law Compliance Audit
- Performance Audit
Unqualified
- Internal Control and
Law Compliance Audit
- Performance Audit
a. An institution where the Bank’s management
(BOC, BOD), Sharia Supervisory Board or the Bank’s
Executive as the institution committee.
S. Non-Halal Proceeds and
Realization
b. Individual or institutional committee with family
relationship with the Bank’s management, Sharia
Supervisory Board of Executive.
Non-halal proceeds and realization in Sharia Bank has to be
disclosed on Good Corporate governance implementation
annual report. This was as regulated under SEBI No. 12/13/
DPbS dated April 30, 2010 on Good Corporate Governance
practice for Sharia Commercial Bank and Sharia Business
Unit. As the actualization of GCG practice related with nonhalal proceeds and its realization, the Bank has internalized
the regulation under Bank Internal Circular Letter No.
13/009/UMM dated June 27, 2011 on the Bank Social Fund
Realization. The Bank Internal SE is regulating several
aspects, as follows :
2. Non-Halal Revenue
Non-halal revenue is the Bank’s social fund soruce
comprising ofi:
a. a. Ex-Penalty Social Fund, refers to fund
generated from installment or other penalties
which are related with transaction between the
Bank and third party.
b. b. Ex-Current Accounts Social Fund, refers to social
fund from current account received by the Bank
from placement with conventional bank.
1. Partners Institution, refers to social agency with
proper track record in disbursing social fund, holding
legitimate legal entity and considered as the bank’s
partner in disbursing social fund.
c. c. Other social fund, refers to social fund from
commission, fee or in other form namely from the
Bank’s partner besides mandatory income as the
management’s provision.
BSM disbursed social fund throughout Partner Institutions
with proper track record. In 2013, BSM disbursed its
social fund through Lembaga Amil Zakat Nasional
Bangun Sejahtera Mitra Umat (LAZNAS BSM) under
Bangun Sejahtera Mitra Umat Foundation.
Following is disclosed PT Bank Syariah Mandiri social/
welfare fund procees and realization in 2013.
As the realization of GCG implementation and to prevent
conflict of interest, the Social Fund realization or
disbursement is not allowed to:
PT Bank Syariah Mandiri
Opinion
247
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Steering Committee
Core Banking SystemMurabahah
1. Determining 6 Procurement
Principal Pillars
Table of Welfare Fund Source and Realization Report
2013 (in Rupiah)
a. Efficient
Welfare Fund Source
Penalty
b. Effective
27.300.018.406
-
c. Competitive
191.243.336
d. Transparent
Grant
non-halal revenue
other social fund
607.935.204
Total welfare fund source
e. Fair
28.099.196.946
f. Accountable
welfare fund realization
disbursement through BSM LAZNAS
614.916.321
total welfare fund realization
614.916.321
Gain (Loss) from currency mismatch
87.404.667
Increase (decrease) on welfare fund
27.571.685.292
welfare fund balance at the beginning of period
welfare fund balance at the end of period
2.Goods and Services
Procurement Procedure
Pursunat to prevailing regulation and procedure, as
well as concerning GCG and compliance aspects, that
are:
3.437.661.500
31.009.346.792
a. Transparency
T. Goods and Services Procurement
1) Partner accreditation and procurement officer
function segregation.
Goods and Services procurement in BSM has been carried in
transparent and fair manners as well as compliance principle
to maintain GCG, as regulated under SE (Circular Letter)
No. 15/063A/OPS dated September 30, 2013 on Goods and
Services Procurement Implementation, among others:
2) Partner accreditation based on competency
based demand and past performance.
3) Transparently disclosing to partners regarding
applied provision and mechanism on the
procurement process.
4) Implementing transparent tender process
both among users, participants and tender
committee.
Annual Report 2013
248
PT Bank Syariah Mandiri
b. Fair
b. Vendor Gathering
Procurement principles in Bank Syariah Mandiri is
as follows:
1) Educating partner about GCG
implementation in BSM (mainly La-Risywah)
in every aanwijzing, tender and partners
gathering.
1) Quality
2) Legal confirmation as also stated under every
Work Order, with clause of “……………….”,
that every management of Bank Syariah
Mandiri will not take any benefit related
with your Company appointment as
aforementioned procurement tender winner.
3) The partner has also committed by signing
“Integrity pact” document, stating that “we
are committed to establish Good Corporate
Governance system by not giving and/
or taking any gratification in any form,
both direct and indirect related with the
partnership with the Company.
c. Guarding
Procurement procedure concerns compliance
aspect to maintain GCG, namely the Compliance
Self-Assessmetn (CSA) issuance mechanism
for every procurement to Rp500 million and
Compliance Certificate (CC) for every procurement
exceeding Rp500 million issued by the
Compliance Unit.
3. GCG Principle Implementation on
Procurement Process
3) Good Corporate Governance (GCG)
-- Transparent, disclosure of procurement
information and mechanism.
-- La Risywah.
-- Compliance with prevailing regulation
and procedure, adequate monitoring and
always complies and implements Good
Corporate Governance principle in PT Bank
Syariah Mandiri
c. Tender opening will be started fairly in front
of tender participant and committee which is
Procurement Audit Committee (KPPBJ) with team
member comprising of:
-- Corporate Banking &Treasury Director as
Chairman
-- Procurement & Services Division as Secretary
-- Accounting Division as Member
-- Planning Development & Performance
Management Division as member
-- Legal Division as member
-- Division which will use Project Officer Goods
and Services as member.
d. GCG practice to be firmly applied in e very tender
process.
a. Integrity Pact
Where every vendor is committed under following
statement:
We are committed to establish Good Corporate
Governance system by not giving and/or taking
any gratification in any form, both direct and
indirect related with the partnership with the
Company.
PT Bank Syariah Mandiri
2) Delivery
249
e. Working Order (SPJ) to be issued stating following
statement:
“It shall be clearly stated that every management of
Bank Syariah Mandiri will not take any gratification
in any form related with your Company’s
appointment as the tender winner
Annual Report 2013
CORPORATE
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U. Information Technology
c. Improving data communication network
(infrastructure transformation) through
internet network availability, bandwidth
manager availability, bandwidth upgrade and
standardization. These area carried to:
As the largest sharia bank in Indonesia based on assets
and financing disbursement, Bank Syariah Mandiri (BSM)
realizes that growing customers number has to be followed
by service improvement. One of the service improvement
method is by continuously developed information
technology reliability in every banking service and products.
1) Provide optimum support on new CNS
system.
2) Ensuring 24 x 9 data network availability that
will provide adequate operational network.
Sophisticated Information Technology implementation and
continuous innovations are carried to raise BSM competitive
advantage in banking industry. Information Technology
working program implemented in 2013:
d. Incerasing IT infrastructure security to support
operational system such as Firewall and IPS Server
Farm Data Center application, proxy gateway
and SIEM. Those infrastructures are applied
comprehensively as IT security supporting
aspects.
1. Service Supporting Appliction
Dvelopment
Toward “BSM Greater Ways for Greater Indonesia”
initiative,” BSM seeks to build service excellent to the
customers with Technology support, namely with
e. Advancing IT– Helpdesk service transformation to
be comprehensively implemented as IT Security
Support.
a. Uniforming e-Channel feature grduall that every
feature will be available in entire e-Channel.
f. Advancing IT – Helpdesk and command service
transformation to add IP PBC for incoming and
outgoing call.
b. Implementing transaction verification through
EDC at BSM Branch office to provide convenience,
speed and security for the customers in carrying
transaction as well as building corporate image as
modern sharia bank
g. Improving BSM outlet performance by conducting
communication network link backup for all BSM
Branch Office that will provide optimum service to
the custoemrs.
h. Cooperating with PT Pos Indonesia to build Pawn
Outlet at strategic PT Pos Office to improve BSM
Gold Pawn service.
2. Gradual IT Environment ReEngineering
i. Cooperating with Bank Mandiri and Bank Sinar
Harapan Bali as part of Saturn project by building
Pawn outlet in several Bank Mandiri outlets and
BSHB outlets.
a. Implementing banking system improvement
through CBS transformation as the sequence
of new core banking system (iBSM: integrated
banking system modules) development process.
3. E-Channel Features Development
b. Developing business intelligence system to
provide strategic information supporting bank
business continuity and management decision
including strategic financial performance and the
Bank’s soundness information.
Annual Report 2013
To provide best service to the customers, BSM
is consistent in ideveloping technology using
e-Channel. The features which are developed, among
others:
250
PT Bank Syariah Mandiri
a. Host to Host with KSEI
The partnership has brought bSM as first
sharia commercial bank which able to provide
RDN online administration service that BSM
customers (investors) are able to perform 24 hours
transaction without disrupted by cut of business
or end of day.
b. Additional payment/purchase biller at ATM
Mandiri that BSM customers are able to pay or
purchase at Bank Mandiri ATM.
c. BSM Cash to Cash is a cash withdrawal from Cash
Transfer which may be carried through PT Pos
outlet, BSM branch, Minimarket, BPR/S
a. Disaster Recovery Plan (DRP) trial at least once a
year.
b. Periodic information technology risk profile
evaluation at least once a year to be reported to
Director of the Directorate.
c. Implementing IT Risk & Security Awareness
Program, a stakeholders awareness improvement
program on information security. The method
applied is by socializing through wallpaper
desktop, wallpaper intranet and uploading
e-learning material about Information Security.
d. Preparing IT application regulation and procedure
as IT process standardization.
6. Strategy in 2014
4. Human Capital Development on
Information Technology Aspect
To improve service quality and support corporate
strategy throughout corporate plan and new core
banking system transformation program, BSM will
carry several programs in 2014, as follows:
Information Technology implementation in banking
activity also demands adequate human capital.
Implemented program in 2013, among others:
a. Supporting corporate plan 2014 execution.
a. Performing sharing knowledge among the
employees both through group discussion forum
or IT article writing.
b. Advancing Core Banking System (CBS)
transformation by continuing new CBS
implementation – 2nd phase iBSM and integrating
non-CBS application to iBSM that will support BSM
business development.
b. Organizing “training for traininer and training for
end usre” program to BSM employees in Head
and Branch Office in line with New Core Banking
System (NCBS) implementation.
c. Preapring Information Technology System
Roadmap Design and Strategic Plan for next 5
years period that will integrated the Bank business
strategy with IT strategy at BSM.
c. Participating on seminar, course and training
related with information technology both in
national and international scale
d. Developing GIS (Geographic Information System)
Map application to simplify strategic information
layout as Indonesian map. Strategic information
layout as Indonesian map is needed that the
management will be easier in monitoring BSM
performance in general based on the branch
position.
5. IT Security Improvement
Information Technology (IT) application will increase
risk faced by the banking sector, including BSM. To
minimize the risk, BSM implements risk management
effectively and gradually based on Bank Indonesia
Regulation No. 9/15/PBI/2007.
e. Advancing e-channel feature development and
standardization to support customers support and
convenience in carrying transaction.
In implementing the risk management, BSM has
carried several actions, as follows:
PT Bank Syariah Mandiri
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BSM held Service Excellent Workshop for
the frontliners on February 11 – 12, 2013.
The event was a realization of Customer
Care programs carried by BSM to improve
frontliners quality in providing best service to
the customers and business partners.
f. Continueing IT Security strengthening by
implementing Vulnerability Scanner, Previledge
Management, Threat Management Sytem.
General Directorate, Governance Policy National Committee,
Indonesia Stock Exchanve, Bank Indonesia, Indonesisa
Accounting Association.
g. Continuing Network Backup Link implementation
at BSM outlet gradually.
The award is being inspiration for BSM management
to consistently and focus in implementing GCG. Every
employee has to manage each unit as the Company’s well
management.
h. Implementing BSM Net Banking T24 and Token to
shift BSM Net Banking platform and improve BSM
Net Banking transaction security.
Other awards won by the bank in enforcing GCG is award
from rating agency, The Indonesian Institute for Corproate
Goverance (IICG) who held Corporate Governance
Perception Index (CGPI) for 2012 period.
i. Developing debt card system using national chip
in compliance with Bank Indonesia regulation
and joining Visa network to expand ATM Network
accessible by the BSM customers.
Therefore, BSM will continuously implements GCG by
performing:
j. Advancing Data Center Production and DRC
Backup Infrastructure Development.
1. Optimization of GCG
implementation
k. Continuing IT Helpdesk and Command Center
Excellent Service.
l. Continuing Saturn Project Development synergy
with Bank Mandiri.
To optimize GCG implementation and maintain
sustainability on sharia banking principle, several
strategies had been carried, namely:
m. Continuing BSM Pawn outlet development at Post
Office, Bank Mandiri and Bank Sinar Harapan Bali
a. Continuously socializing GCG implementation to
all management throughout intranet access (Bank
SE), material dissemination on Banking Staff class
or other internal training program held by the
Bank.
V. GCG Development
BSM shall express gratitude to Allah SWT that GCG practice
carried remain appreciated by the society. This was proven
that BSM won fourth consecutive Annual report Awards
(ARA) for 2009, 2010, 2011, 2012 period for Best Annual
Financial report on Private Financial Non-Listed Category
held by Ministry of Finance, Ministry of SOE, OJK, Taxation
Annual Report 2013
b. Optimizing GCG Information System (GIS)
application as GCG implementation socialization,
implementation and monitoring facilities at BSM.
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PT Bank Syariah Mandiri
h. Strengthening Whistleblowing System through
Internal Whistle Blowing System (i-Blow), CEO Line
and BSM Wise application to control fraud event
at BSM.
The GIS application consisted of.
1) GCG practice self-assessment.
2) GoC practice Self-Assessment.
3) Annual Disclosure
i. Building skill and competency for Management
and Employees by providing self and competency
development opportunity throughout trainings
held both by internal and external parties.
4) Quarter GCG Index
c. Consolidating GCG reporting to Bank Mandiri as
subsidiary who participates in developing GCG
altogether with Mandiri Group. The Consolidated
GCG Report disclosure will be carried on semester
basis.
d. Orginizing GCG Ambassador Forum (exceptionally
for area II) as branch Unit representative to
implement GCG and CoC to all BSm management
through information dissemination presented by
GCG Ambassador. GCG Ambassador is expected
to be BSM GCG Agent of Change in raising GCG
Awareness and the bank management integrity
to enforce TARProF (Transparency, Accountability,
Responsibility, Accountability, Professional and
Fairness) GCG principle.
e. Bolstering TARProF (Transparency, Accountability,
Responsibility, Accountability, Professional and
Fairness) GCG principle implementation to be
carried consistently to build corporate image
and attract the investor, enhance customers
service quality, cost efficiency (BO/PO), longterm business growth as well as national and
international awards for the Bank.
k. Advancing Internal Circular Letter convertion
related with GCG including principal regulations
such as GCG benefit, TARProF principle
implementation on GCG, BSM GCG realization,
reward & punishment, GCG principles and
its practice, GCG Self-Assessmetn (SA – GCG)
implementation period, SA – GCG key aspect, SA
implementation and reporting to BI.
2. Assessment from External Agency
BSM always participates on GCG assessment held by
external party (independent agency) to measure itself
regarding public opinion on GCG Implementation at
BSM.
f. Carrying several efforts to realize compliance
commitment against bank Indonesia Regulation
implementation related with GCG practice on
Sharia Banking. The Commitment is actualized
through an obligation in implementing TARproF
GCG principles in carrying daily duty and
responsibility to the Bank’s Management.
In 2013, the Bank participated on External Party GCG
assessment programs, as follows:
a. Corporate Governance Perception Index (CGPI)
held by The Indonesian Institute Corporate
Governance (IICG) carrying the theme “GCG
on Knowledge Perspective.” CGPI Program is a
stakeholders perception assessment program on
GCG implementation at BSM carried independently.
The Bank views the urgency to participate on the
program to assess stakeholders perception on GCG
implementation at BSM objectively. BSM won The
Most Trusted Company predicate.
g. Implementing refreshment test to assess the
bank’s employees capacity related with their
assignments. Employees’ understanding become
important for the bank’s management to ensure
that the bank’s management has carried duty and
responsibility based on prevailing system and
procedure than referring to daily custom.
PT Bank Syariah Mandiri
j. Supporting the bank’s compliance enforcement
based on PBI No. 13/12/PBI/2011 on Compliance
Function implementation for Commercial Banks
by providing compliance training on Branch
management compliance conduct to realize the
Bank’s compliance culture.
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b.Accountability
b. Annual Report Award 2012
1) GMS Implementation (Annual and
Extraordinary);
Award for Company’s Annual Report both SOE/
ROE, Private, Listed or Non-Listed companies held
by Ministry of Finance, Ministry of SOE, BI, Taxation
General Directorate, Bapepam LK, Governance
Policy National Committee (KNKG), Indonesia
Accounting Association (IAI). The highest
assessment weight is Good Corporate Governance
(GCG) practice with 35% contribution and BSM
obtained high score, 10 point higher from 31.29%
(2011) to 31.39% (2012). ARA 2012 is the foruth
ARA award for the BSM.
2) Management, Committees, Executives and
Related Party Internal Meetings;
3) Balanced Scorecard (BSC) utilization to
manage performance;
4) Cost Efficiency in entire units;
5) Monthly and quarter assessment through the
Bank Business Plan realization montiorign for
unit level at Head and Branch Office;
3. GCG Principle Implementation
6) Performance Contract and Performance
Appraisal for all employees;
Principally, GCG principle optimization and
development carried at BSM comprising of 5
(five) principles of Transparency, Accountability,
Responsibility, Professional and Fairness (TARProF), as
follows:
7) BSM unit development based on
performance.
c. Responsibility
a. Transparency;
1) Internal SE/Manual/Policy Update/Revision;
1) Homepage Management;
2) Regulator (BI) Circualr Letter and/or manual
internalization;
2) Intranet facility utilization and Morning Pray
Forum of BOD and BSM Management;
3) Compliance against regulator provisions (Law,
PBI & SEBI, PSAK, PPATK, DSN Regulation, etc);
3) Finacnial Statements & GCG Self—Assessment
Report publication at Mass media, Annual
Report and the Bank homepage;
4) Corporate Social Responsibility (CSR) activity
which mostly synergixed with BSM Umat
LAZNAS i.e. Zakat, Infaq, Sodaqoh, Qardhul
Hassan, BSM employees blood donation
event quarterly, monthly orphan donation,
scholarship, mass circumcision for poor
society and book donation to several schools
under Smart Parenting program, natural
disaster relief.
4) Financial report and profit sharing publication
periodically through brochure/leaflet to the
customers;
5) BSM Management remuneration disclosure
on GCG report;
6) Board of Commissioners and Sharia
Supervisory Board working procedurel
5) SISKOHAT implementation;
7) Internal regulationupdating under the Bank
SE at intrent which is accessible by all of BSM
Management;
6) Micro & SME Financing disbursmenet;
7) New internal regulation report disclosure to
BI;
8) Internal Fraud > Rp100 million disclosure
Annual Report 2013
8) Best service and concern to customers.
254
PT Bank Syariah Mandiri
d. Professional
Centre Program;
7) Equal treatment to the Stakeholders;
1) Risk Opinion, Compliance Certificate,
Compliance Review, Compliance Opinion/
Note Issuance.
8) Customers service improvement program
W. Corporate Values
2) Manual and Procedure Committee (KKS)
Decision for Internal Regulation and Risk
Management Committee (KMR) issuance;
On its 14th anniversary, BSM implemented “Stronger
Fundamentals for Greater Indonesia” tagline as a milestone
that BSM keeps moving forward and evolving in building
Indonesia. Carrying the tagline, BSm people is enforced to
innovate and improve self-quality toward brighter future
and establish “The Great BSM for Greater Indonesia.”
3) External Appraisal, External Auditor service
hiring for auditing Financial Statements;
4) Audit held by Bank Mandiri, BSM – IAU;
5) Strengthening Compliance and Risk
Management Unit;
7) Updating list of partners, appraisal, Notary,
External Auditor;
BSM “ETHIC” shared value remains the foundation of
daily conduct. ETHIC is being the “tone” for BSM people
in developing Corporate Culture. In BSM, ETHIC values is
wrapped by foundation of Defining Works internalized by all
BSM employees. Every BSM employee regards the Work as
Holy War and Preaching activity.
8) Appointing Commissioner and Independent
Party on the Committees;
Throughout 2013, BSM had carried corporate values
strengthening program under various activities, as follows:
9) Improving the Bank employees’ skills quality;
1. Spirit of the Week.
6) Executing tender through Procurement &
Audit Team (TPPBJ);
10) Employees competency based on each Job
Description.
ETHIC core behavior discussion carried at Morning
Pray Forum in every Monday attended by Board of
Directors and Employees at Head Office, also listened by
all of employees at Regional Office, Branch Office and
Supporting Branch Office.
e. Fairness
1) Human Capital Strategy Implementation;
2. Management’s message in every meeting.
2) Employees reward;
3. Coordination Meeting and BSM Major Event Theme.
3) Employees punishment for they who violate
discipline as training, warning (SP1, SP2, SP3)
and dismissal for fault employees (fraud);
4. Employees Training Module.
5. BSM Front Liners Competition.
A front liner competition nationwide starting from
Teller, Customer Service to Security. BSM Front Liners
Comeptition is an award for BSM front liners who has
delivered best service both to the custoemrs or other
third parties.
4) Employees and Executives mutation,
promotion/rotation/demotion;
5) New employees screening program
implementation, mainly related with family
relationship;
6. BSM Corproate Social Responsibility.
As an actualization of BSM concern to the stakeholders
generally both in humanity and environmental aspects,
6) Tender execution, i.e Employees Assessmetn
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Discussion once in a month, Public Speaking
Competition, Environment Preservation, donation to
several social agencies, and other activities.
BSM carried various social activity (CSR), as follows:
a. Partnership Program.
Creating society independency in achieving longterm welfare improvement in form of capital and
working infrastructures assistance.
b. Environmental Development Program
Conducting various activities related with
scholarship for less advantage family, mosque,
Islamic school, and other public facilities building/
renovation, donation to dhuafa, health assistance,
mass circumcision, blood donation and other
activities held by Head and Branch Offices in
various area.
The activities are concerete evidents that BSM continuously
develops sustainable corporate cutlrue to support BSM
vision to be a dominant Sharia Bank and top 10 among
commercial banks in Indonesia.
Corporate Values (ETHIC) presently evolves and toward to be
the Corporaet Culture as the identity for entire BSM people
exceptionally.
X. Code of Conduct
1. Code of Conduct Existence
c. BSM Lets Read
Periodically, Head Office of BSM through Readers
Club held book discussion event carrying various
themes. The book discussion event is also held
periodically at branch and supporting branch
offices. One of most historical BSM Lets Read
activity is Concurrent Book Discussion event at
Head Office and 123 Branch Offices. The event won
MURI World Record as “Concurrent Book Discussion
in Most Places”
Code of COdnuct (CoC) is part of Good Corporate
Governance (GCG) or as the explanation of GCG
in practical term as ethical conduct of BSM people
towards the Stakeholders. CoC is a daily activity
per case of individual works. CoC enforcement will
support Company’s management in implementing
GCG principle. The Corporate Governance principels
would not be existed unless supported by optimum CoC
implementation.
7. BSM Club
2. Code of Conduct Apsect
Bank Syariah Mandiri meets its employees demand to
express their self. Through BSM Club, the employees
may develop passion/desire in various activities such
as Readers Clubl, Smiling Club, Photography Club,
Adventure Club, BSM Sports Club with various sports
and Syariah Mandiri Employess Wives Association
(KARISSMA).
Conde of Conduct implementation consisted of
several aspects, as follows:
a) Conflict of Interest’ the Bank’s management is
obligated to acknowledge any activity which may
drive conflict of interest;
BSM Club held various activities carrying ETHIC
corporate values as the foundation, such as Book
b) Position Abuse; the Bank’s management is
prohibited to conduct authority abuse and takes
direct and indirect benefit related with the Bank’s
business activity for personal, family or other
aprties’ interest.
c) Confidentiality; the Bank’s management is
obligated to preserve information received
which only authorized form inernal party,
Annual Report 2013
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PT Bank Syariah Mandiri
custoemrs data and understanding external party
information disclosure.
d) Insider Treatment; the Bank’s management who
holds confidential information is prohibited to
take personal, family or other parties benefit;
e) Data Integrity and Accuracy; the Bank’s
amangement is prohibited to perform any fraud
by manipulating data or information to take
benefit, either for personal, family or other parties
interest and obligated to disclose report data
accurately;
f) Banking system integrity; the Bank has to
suspect and perform preventive action or not
being involved on any activity which may harm
banking system integrity;
g) Employees account management; Employees
account has to be managed appropriately without
any abuse for unfair transaction;
h) Annual Disclosure; the Bank’s management
mainly at minimum officer level has to fill annual
disclosure on Code of Conduct implementation in
annual period;
i) La Risywah Disclosure; the Bank’s management
and related/affiliate dparty with BSM are
prohibited to take benefit and gratification in
any form from the customers/partners or other
third parties. The prohibition regulation in form of
statement during the customers financing process
or Code of Conduct poster which has to be placed
at strategic location.
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3. Code of Conduct Dissemination
Code of Conduct continuous implementation
to obtain optimum practice from entire BSM
management.
a) CoC orientation is started since the new
employees signed working contract that
the Bank’s employees and management are
prohibited to take reward/gratification in any
form from the customers or partners of the Bank’s
activities. Moreover, new employees received
deeper understanding on CoC during sharia
banking in class session.
Funding/Financing Customers, BSM
Partners/Vendor
Financing
Customers
Transaction
Process
b) Customers financing process has to disclose
statement signed by the customers during
the financing agreement not to give reward/
gratification in any form to the Bank’s
management.
c) Financing process has to be also equipped with
Boar dof Commissioners approval requirement
form for fund provision to Related Party.
BSM Financing/
Funding Product
d) Providing opinions related with activity/action
from working unit which may dirve Conflict of
Interest.
e) Disseminating compliance memo during current
year period through related Division as a reminder
for the Bank’s management related with CoC
violation which had been committed and opinion
to the Bank’s management to prevent such
condition.
Financing
Customers
Transaction
Process
Selection
Process to
Tender with
Partners/
Vendors
f) Internalizing BSM ETHIC(Excellence, Teamwork,
Humanity, Integrity, Customer Focus) shared
values core behavior in every morning pary event
held by the Bank’s management. This requied
to raise the Bank’s management awareness to
continuously perform sincerely and responsibility
as well as professionally.
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PT Bank Syariah Mandiri
COC Violation
Verificaiton Process
a. La Risywah
Yes
b. No Kick Back
Yes
Punishment for
Employees
No
c. No Special Payment
No
STOP
COC Violation
Verification
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Annual Report 2013
Advancing Financing
Process
CORPORATE
GOVERNANCE
Y. Whistle Blowing System
Starts
Bank Syariah Mandiri is committed to conduct the bank’s
operational in compliance with sound banking standard
and implementing Good Corporate Governance (GCG).
One of the commitments is that BSM develops a system
for the Stakeholders to deliver good corporate governance
principle and Bank ETHIC shared values violation report.
Preparing
Report
Continue the
1
Whistle Blowing ystem is the bank’s internal or external
party reporting system on fraud event occurred at BSM
circumstances and/or involving BSM employees and/
or using the Bank’s facilities which may bring loss or loss
potential both financial or non-financial and both directly
and indirectly to the Bank, customers or other parties.
report to IAD
1.Direct Report
2.Telephone
3.E-Mail
4.Letter
2.
I-Blow
5.B-WISE
6.Iblow
The Whistle Blowing Channels are as follows:
7.Faks
1. Phone
2.Mail
3. Electronic Mail
4.B-WISe
Punishment for BSM management if proven committing
conflict of interest and encourage loss to the Bank.
5.CEO line
A direct reporting system to President Director of BSM
6. iBlow (internal Whistle Blowing System)
A confidential IT-based fraud reporting system provided
by BSM on Compliance Inforamtion System (SIK) for
BSM management to report fraud or other violation
committed by internal party.
Internal Whistle Blowing System (iBLOW) is an essential
reporting channel for the BSM management to eradicate fraud
committed by internal party of BSM, that the event/case can be
minimized toward Zero Fraud.
Annual Report 2013
260
PT Bank Syariah Mandiri
Flow Chart Whistle Blowing System
A
Initial
Continue the
report to IAD
3.
Information Review
B-WISE
5
4
CEO Line
Evident Analysis
6
A.
10
No
Adequate
Evident
13
Investigation Audit
7
B. Yes
Accepts Audit
11
A.
Exsum
Audit
14
Eligible
Preparation
Eligible
8
Executive Summary
B. No
Granting
12
Disposition
Documentation or
Continue
9
15
Finished
PT Bank Syariah Mandiri
261
Annual Report 2013
Exsum to BOD
COMPLIANCE
REPORT
Implementation of the Bank’s operational
compliance is going better within the
implementation of Compliance Procedure
to comply with Bank Indonesia/OJK as well
a other prevailing regulations
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Laporan
Tahunan
2013
2013
262
PT Bank Syariah Mandiri
Bali - Sculpture art.
PT Bank Syariah Mandiri
263
Annual Report
Laporan
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2013
2013
COMPLIANCE
REPORT
process such as SIT/UAT, Mock Run (1,2,3), go live
and weekly meeting preparation, etc.
A.Compliance Practice in 2013
Compliance practice of BSM in 2013 was appropriately
carried and referred to PBI No. 13/2/PBI/2011
dated January 12, 2011 on Compliance Function
Implementation in Commrecial Banks.
Compliance of working unit in conducting business activity
becomes the Compliance Division (CPD) monitoring to
ensure that:
C.Compliance Report
1) Monthly Report
A Branch PKP activity report in guiding Unit
compliance within one month period. The Brnach
PKP monthly report namely consists of profile of
Unit Head and supervised units, Business unit
target realization, Branch PKP audit scope, status of
CTKP and previous period cases, internal/external
udit finding settlement monitoring, audit scope and
principlas of violation on reporting perod, etc.
1) Compliance function has been appropriately carried
and no violation acted by BSM management.
2. Compliance Risk has been mitigated that will not
violate BI regulation and BSM commitment with BI
which may potentially bring punishment for BSM.
3. Compliance culture has been implemented reflecting
from conduct and behavior of branch that complies
in carrying business activity based on prevailing
regulation
2) Compliance on Site Supervision (COSS) Result
Report
A report of Branch PKB audit result to Branch Office/
Supporting Branch Office outside the PKP area.
COS result report contains Branch Office/Supporting
Branch Office Unit compliance as PKP audit object
during the COSS implementation.
B.Compliance Monitoring
BSM has carried Unit compliance monitoring throughout
several activities, as follows:
1) Implementing Risk Based Compliance (RBC) as
a tool to provide illustration on compliance level in
certain unit. RBC implementation drives Compliance
Supervisor (PKP) at Branch to be more focus and
accurate in determining business unit with high
compliance risk to enter compliance review held by
PKP in branch level.
2. Carrying thematic audit in cooperation with Internal
Audit Division (alliance) particularly for Syariah
Funding Executive (SFE) audit, Cash Count and
Employee Financing which were carried at 2nd
Semester of 2013. Result of thematic audit became
IAD evaluation material to strengthen internal audit in
BSM.
3. Guiding BSM Core Banking System Implementation
for several financing modules related with the
Annual Report 2013
Compliance monitoring activity of all working unit is
carried by Compliance Division/PKP by producing several
reports, as follows:
3) Incidental Report
A Branch PKP report to CPD related with violation/
fraud indication found by Branch PKB during the
unit audit. Besides incidental report, PKP applies
incidental report, PKB applies Flash Report (FR) as a
tool of violation/fraud indication report to CPD Head
with also sent to Director who supervises Compliance
Function as a prevention of higher operational loss.
D.Compliance Index Realization
264
Annual average compliance index in 2013 decreased
by 1.85 point from annual index score booked in 2012.
The decrease was due to shifting on compliance index
PT Bank Syariah Mandiri
BSM held PKP employee development
training and workshop for branch
offices. In this event, Code of Conduct
soft-launching was also conducted.
workshop for branches. On this event, Compliance Code
of Conduct soft launching was conducted:
component on APU/PPT index and GCG index where
APU/PPT score applies new tool as Self-Assessment
Checklist for branch and division which has not been
equipped by respective unit discipline, and GCG Index
score in 2013 was no longer applies Annual but Quarter
Index GCG assessment.
BSM held employee PKP strengthening training and
Table of Compliance Index
No
1
2
3
Corporate Compliance Index (CCI)
Compliance Risk Index (CRI)
Compliance Certificate (CC)
4
5
6
Compliance Self Assessment (CSA)*
Zero Defect (ZD)
Regulation Index (RI)
7
8
9
10
11
12
13
Division Compliance Index (DCI)
Branch Compliance Index (BCI)
PKP Performance
APU dan PPT Index
Compliance Procedure Index
Code Of Conduct (CoC) Index
GCG Index
Average value Index/month
description: T = High
PT Bank Syariah Mandiri
Des’13
(Weighted)
Period/Month
Parameter
Okt’13
4.72
4.50
100%
Nov’13
4.67
4.50
100%
Des’13
4.63
4.40
100%
Weight
5%
5%
9%
100%
100%
100%
9%
92.57
92.99
92.29
9%
92.81
99.15
99.15
5%
Period/quarters
Trw II’13
Trw III’13 Trw IV’13
96.26
96.04
96.07
9%
87.98
86.35
86.35
9%
78.76
78.16
78.16
9%
81.83
82.68
74.33
9%
96.86
94.05
90.91
5%
84.96
81.24
81.65
8%
81.93
81.20
79.24
9%
90.13
90.40
89.13
100%
M = Moderate ST = Very High
265
Annual Report 2013
Criteria
Value
4.63
4.40
9.00
T
T
ST
9.00
8.31
4.95
ST
T
T
8.64
7.77
7.03
6.69
4.54
6.53
7.13
8.86
T
M
M
M
T
T
M
T
COMPLIANCE
REPORT
The review becomes actualization of Good Corporate
Governance, mainly on Professional principle. Result of
the review is also addressed to Units which is related with
the regulation to be implemented appropriately, including
fulfillment of action plan set by the regulator
E . Compliance System
The Bank’s Compliance System is carried through series of
process and stages to ensure Bank’s compliance on prevailing
regulation:
5. Compliance Information System
1. Compliance Procedure
Compliance procedure is implemented by BSM to
ensure that working regulation and procedure have been
implemented by working unit. Compliance Procedure is
a set of working manual as check-sheet which is used
to assist the branch to monitor working procedure which
has not been implemented by related unit. BSM has
implemented 17 Compliance Procedures at Branch and 9
Procedure at Head Office Division.
2.
Compliance Review
The review is aimed to ensure that every BSM regulation,
policy and standard operating procedure has complied
with prevailing regulation such as Law. Bank Indonesia
Regulation, National Sharia Board Regulation, Financial
Service Authority Regulation and other external
regulation. The compliance review process is bolstered on
its implementation through the establishment of System
and Procedure Committee.
a. a. Branch PKP performance using Key
Performance Indicator (KPI) aligned with audit object
at Branch. Therefore, Branch PKP performance is
measurable in monthly, quarter, semester and annual
period basis.
b. Regulation folder which enables BSM employees
in looking up external regulation altogether with the
latest regulation status (revoked, revised or applied).
The facility is also equipped with search engine by
words, that employee will be able to look up the
regulation deeply to the regulation content.
c. SIK capacity in providing push email has also
be implemented to identify every issued external
regulation mainly related with regulation from Bank
Indonesia. If there is any new regulation published
on the website, SIK will send e-mail to executives
related with the latest external regulation issuance.
d. Third Party reporting reminder that has been
developed by SIK considering if any current due
reporting obligation to Third Party, SIK will send push
e-mail to certain officer who handles the reporting
process.
e. iBlow, a module on SIK to deliver fraud event to
be acknowledged by every BSM employee. To
support whistleblower data as well as the report
confidentiality the module is carried for encryption
that the data security will be more guaranteed.
f. Paperless Reporting tools such as for Compliance
Procedure Report, Zero Defect Report, Compliance
Certificate Report and Branch PKP Report.
g. To ensure compliance function implementation at the
division has been carried in compliance with Bank
Indonesia regulation, CPD has applied Compliance
Checklist for Division (CCfD) to be implemented at
3. Compliance Opinion and Compliance Note
Compliance Opinion is a compliance opinion disclosure to
President Director on the upcoming taken policy, mainly
strategic and operational policy. On the other hand,
Compliance Division may also deliver recommendation
to Compliance Director or other Units related with the
decision making process.
4. External Regulation Review
A review on external regulation delivered to the
Compliance Director to assess impact to the Bank.
Annual Report 2013
266
PT Bank Syariah Mandiri
BSM held Internal Control & Anti Fraud
Socialization on January 13, 2013. The
activity was participated by branch
office executives from entire Regional
1 – V Offices as BSM commitment
realization to achieve sustainable
growth.
Head Office, with explanation as follows.:
1) CCfD us a compliance tool containing obligation
provision which has to be implemented at
division level to prevent compliance risk due to
incompliance against Bank Indonesia regulation.
2. CCfD is attached as Compliance Function at
division level to remind the bank’s obligation
fulfillment to Bank Indonesia as stated under
PBI and SEBI as well as encourage Compliance
Culture implementation at division consistently in
carrying prevailing external regulation.
F. Monitoring & Supporting
The Bank’s Monitoring and Supporting practice throughout
2013 was including:
1. Periodic Reporting
a. Monthly Report
1) Compliance Certificate Issuance Recapitulation
Report to Compliance Director.
2) Compliance Monitoring Report to Compliance
Director.
3) Working Plan Realization Report.
4) Corrective and Preventive Action Note (CTKP)
Report.
5) Balance Score Card (BSC) Report.
6) Zero Defect and Compliance Index Division
Report
b. Quarter Report
1) Quarter Branch Compliance Index.
2) Duty and Responsibility Implementation Report
of a Director who supervises Compliance
Function to President Director with notification to
President Commissioner.
PT Bank Syariah Mandiri
267
Annual Report 2013
COMPLIANCE
REPORT
is carried to ensure that the management has taken
complied decision against Internal Regulation (SE, SOP
and Letter issued by the Bank), and external (Law, PBI,
DSN Law, etc.) in general (population). High assessment
object volume (even) in entire unit will be carried under
several mechanism, as follows:
3) Duty and Responsibility Implementation Report
ofQuarter report of the Director who supervises
Compliance Function.
c. Semester Report
Duty and Responsibility Implementation Report
of a Director who supervises Compliance
Function to Bank Indonesia with notification to
President Commissioner. Duty and Responsibility
Implementation Report of a Director who supervises
Compliance Function to Bank Indonesia.
a. Compliance Certificate processed by Compliance
Unit (SKK), and
b. Compliance Self-Assessment particularly for Head of
Branch Office/CSAKC processed by business unit.
c. Inherent Compliance Self-Assessment (CSAM)
carried by financing risk assessment unit as the
implementation of financing four eyes principle.
2. Index Realization Monitoring
a. Monthly Index Monitoring
1) Corporate Compliance Index (CCI)
2) Compliance Risk Index (CRI)
3) Compliance Certificate (CC)
4) Compliance Self Assessment (CSA)
5) Zero Defect (ZD)
6) Regulation Index (RI)
b. Quarter index Monitoring
1) Division Compliance Index (DCI)
2) Branch Compliance Index (BCI)
3) PKP Performance
4) APU & PPT Index
5) Compliance Procedure Index
6) Code Of Conduct
7) GCG Index
2. To optimize compliance process on approval process,
the Management determines several strategic initiative
aiming that the management’s decision to remain comply,
as follows:
a. Increasing prudential banking by processing
financing with limit to Rp30 billion to be approved
by Financing Committee has to issue Compliance
Certificate;
b. Implementing Compliance Certification
Implementation Optimization Movement (C-Max),
aiming to enhance audit coverage target and
Compliance Certificate issuance set by the
management. The movement is carried throughout
several pillars namely through Awareness, Coverage,
Control and Counseling Pillars.
3. Monitoring of Compliance Practice through Compliance
On Site Supervision (COSS)
G. Compliance Assessment
1. Conducting compliance assessment review on the Bank’s
management decision against financing disbursement
plan approval, fund placement (investment). Scope of
financing aspect assessment including for new, additional,
roll-over and restructured financing. The assessment
Annual Report 2013
CSA and CSAM result is periodically reviewed by SKK
by sampling to ensure conformity and optimization of
assessment carried by business unit and financing risk
management unit.
268
Assurance that BSM had implemented the regulation
appropriately throughout 2013 period, reflecting from
audit coverage target achievement, though has not
been balanced with issued Compliance Certification
achievement as stipulated under Bank Business Plan
(RBB) in 2013.
PT Bank Syariah Mandiri
3. Compliance Unit delivered Compliance Note on upcoming
financing proposed by Business Unit and Financing Risk
Assessment Unit to Financing Committee. Compliance
Note issued will concern SKK Independency during the
financing approval process.
Compliance Note issued by SKK is restricted on financing
limit as the authority of Financing Committee at BOD
Level whose scope becomes assessed aspects and being
scope of compliance assessment through Compliance
Certificate mechanism. Compliance Note issuance
philosophy is series of “slap comply” process during the
compliance assessment process through Compliance
Certificate proposed by business unit to Compliance Unit.
4. Recommendation on the Bank internal regulation
issuance such as Policy draft, SE, SOP has complied with
prevailing Bank Indonesia Law and Regulation. Providing
recommendation on regulation implemented during the
execution of SOP Committee (KKS) regulation, thoroughly
several compliance aspects and prudential banking
principle implementation contained on policy draft, SE,
SOP including improvement feedback.
b.
Enhanced Due Diligence (EDD) Profile Mapping Implementation on high risk customer, namely:
1)
2)
3)
4)
High Risk Customer/Job
High Risk Customer/Business
High Risk Country
High Risk Product
2. Effectiveness to Anti Money-Laundering (APU) and
Terrorism Financing Prevention (PPT) Program
Implementation
In 2013, APU and PPT program implementation was
improved from the realization in January period with index
3, Good predicate with moderate risk profile to December
2012 with index 2, Better predicate with Low risk profile.
This was due to the implementation of APU and PPT
program at Head Office, Supporting Branch Office
and Cash Office as well as Division level. Within the
improvement on BSM APU and PPT compliance index,
the risk profile level of BSM APU and PPT is Low.
Following is BSM APU and PPT program implementation
index for 2013 period
.
H. Anti Money-Laundering (APU) and Terrorism Financing Prevention (PPT) Unit (SKAP)
1. Effectiveness of Customer Due Diligence (CDD) and
Enhanced Due Diligence (EDD) Implementation
a. Customer Due Diligence (CDD) Implementation
1) Customers Profile Monitoring through CIF Data
Completeness.
2) Financing Customers Profile Monitoring through
APU and PPT Checklist on Financing sector.
3) Data Update
PT Bank Syariah Mandiri
269
Annual Report 2013
COMPLIANCE
REPORT
Grafik Indeks Implementasi Program APU/PPT
APU/PPT Program Implementation Index
Score
Index
Prediacte
Risk Profile
>95-100
1
Very Good
Very Low
>85-95
2
Better
Low
>75-85
3
Good
Moderate
>65-75
4
Less Good
High
0-65
5
Not Good
Very High
3. Know Your Employee (KYE) Implementation Effectiveness
a.
Employees candidate recruitment screening process
is carried on profile and track record with possibility
of money laundering and terrorism financing crime in
compliance with SE No. 12/0212/SDI, dated September
15, 2010 on Employees Recruitment and Selection
Procedure.
HR Management Program
1) CPD – SKAP implements additional material
program related with frequent case occurred at
branch on SQUAT application.
2) CPD – SKAP conducts HR development by
intensifying SKAP Staff through telephone,
mailing list, etc.
3) CPD – SKAP carries BSM APU and PPT training
monitoring and implementation for Front-liners,
Retail Banking and Operation Banking Staff at
Al-Azhar Learning Centre.
Annual Report 2013
b. New Employees Screening
c. Existing Employee Screening
Screening program is continuously carried by HCD
applying employee checklist screening on position
promotion process, based on regulation to reach 100%.
270
PT Bank Syariah Mandiri
List of New and Promoted Employees who had
passed screening for 2012 and 2013 period, as
follows:
Employees Promotion 2012 - 2013
No.
Month
Total new employees
2012
Total Promoted Employees
2013
2013
1
January
9
100
14
23
2
February
27
23
29
11
3
March
18
52
51
29
4
April
78
25
36
32
5
May
60
31
10
102
6
June
54
30
29
40
7
July
32
31
41
69
8
August
38
22
8
69
9
September
75
14
26
40
10
October
71
10
0
55
11
November
55
35
70
59
12
December
55
17
38
24
Total
572
390
352
553
4. Socialization of APU PPT Implementation
2012
BSM implemented several APU and PPT implementation
socialization program, as follows:
a. SKAP Staff Workshop for Region III;
b. Recent APU and PPT Circular Letter socialization
to SKAP Staff under APU and PPT Online Test
Refreshment Program;
c. APU and PPT related information dissemination
through SKAP Staff mailing list;
d. Providing material on BSM APU and PPT training
for Front-liners, Retail Banking and Banking Staff
Operation
.
PT Bank Syariah Mandiri
271
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
BSM cooperate with LAZNAS in carrying
out CSR activities.
Annual Report
Laporan
Tahunan
2013
2013
272
PT
PT Bank
Bank Syariah
Syariah Mandiri
Mandiri
South Sulawesi - Authentic Toraja Tongkonan house miniature artwork
PT Bank Syariah Mandiri
273
Annual Report
Laporan
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2013
2013
CORPORATE SOCIAL
RESPONSIBILITY
U
nder triple bottom lines approach comprising of
economic indicators, environmental indicators and
social indicators, BSM is expected to bring benefit
to the shareholders but also to broader stakeholders which
are the customers/customers, society and environment.
Thus, BSM seeks to optimize Company’s profit to be in line a
purpose to provide highest benefit to people and planet. BSM
assures that within holistic approach will support sustainable
development purpose, refers to a development performed
to meet current generation needs without sanctifying future
generation interest.
In practicing sharia banking business, the Bank also has
carried various Corporate Social Responsibility (CSR) as
a feedback of currently practiced business process. The
realization of respective responsibility is namely social
responsibility to employees (occupational), customers/
depositors, society (non-customers stakeholders) and
surrounding environment.
BSM consistently carries
Corporate Social Responsibility
(CSR) as the realization of
Company’s concern and
appreciation to the society who
has trust and support on sharia
banking business process. given
A.CSR Policy
Constituting the fourth mission of BSM is to develop sharia
universal values, as Value-Driven Company, BSM also has
“ETHIC” shared values that is continuously implemented on
Annual Report 2013
264
PT Bank Syariah Mandiri
working environment. Humanity as part of the shared values
has one of key behaviros which is Social & Environment
Care: having sincere awareness to environment and social
community.
On the CSR practice implementation, BSM develops
partnership with BSM LAZNAS/partners in disbursing zakat
fund of the Company and implementing Humantiy program
as well. The reference of CSR program implementation is
under BSM and BSM LAZNAS No. 12/410-PKS/DIR, No.
09/001/LAZBSM/DIR dated November 12, 2010 on Zakat and
Program Fund Disbursement.
BSM realizes that Corporate Social Responsibility (CSR) is an
important aspect on the Bank’s development. The Bank brings
CSR as long-term program of the Company that in achieving
business sustainability, the Bank seeks to deliver optimum
performance for the shareholders and considers how to
contribute optimally on social and environmental aspects.
products and services offered by the Bank.
1. Synergy with Laznas
The Bank disburses zakat fund of the Company
(Bank), Bank’s employees, customers, and public to
the needy by establishing synergy with BSM LAZNAS.
The disbursement is carried throughout beneficiary
and advantageous for the society by involving BSM
employees, BSM LAZNAS and surrounding community.
CSR Activity in cooperation with BSM LAZNAS executed
several program, as follows:
a. Mitra Umat
1) Micro Entrepreneurs
Community economy development and
empowerment through capital assisstance,
training and individual business assistance.
2) 2) Micro Society
Community economy development and
empowerment through capital assisstance,
training and business assistance dedicated for
LKMS.
In carrying CSR activity, the Bank applies profit, people and
planet balance or widely acknowledged as triple bottom
lines approach. The Bank does not only chase profit but also
promoting people and planet aspects. The bank attempts to
achieve “triple bottom lines” balance in achieving its purpose
that will be able to provide added-value to the Stakeholders.
b. Didik Umat
Robust and sustainable profit achievement will fail to be
achieved on marginal people and harmful planet condition.
In modet term, it can be explained that business will not
be operated on marginal social (community economy) and
harmful planet condition. Therefore, the Bank is aware
the importance of CSR as an effort to achieve balance in
supporting business sustainability that the final goal in meeting
the Stakeholders’ interest will be achieved.
The Bank consistently constitutes Corporate Social
Responsibility (CSR) as a realization of the Company’s
awareness as well as appreciation to the society which
has provided trust and support on sharia banking business
process. The Bank’s business sustainability is related with
the society participation in pursuing various sharia banking
PT Bank Syariah Mandiri
265
Providing education assistance (scholarship) to
the needy and seeking learning process continuity.
The donation is also including learning facility and
infrastructures.
c. Simpati Umat
1)Health
Assistance to the needy on health sector
including its facility and infrastructure.
2) Natural Disaster and Environment
Assistance to anticipate emergency response
and actively reduces impact of social disaster,
also actively improves or elevates environment
quality generally
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
That the CSR program implementation can be effective,
every CSR program of the Bank has preceededly
assessed via survey and surrounding environment
and community mapping. CSR Program is prepared
based on well-prepared mapping and concept that
the implementation is synergized with National Amil
Zakat Institution (LAZNAS) of BSM. That the program
is optimally carried, CSR program is aligned with local
environment condition which involves related party with
the Government and local community.
BSM Welfare Fund Source
No
2. CSR Fund Source
Fund Nominal (Rupiah)
2012
2013
830.667.606
27.300.018.406
8.472.541
-
1.
Penalty
2.
Donation / Grant
3.
Non-Halal Revenue
453.611.371
191.243.336
4.
Other Social Funds
481.628.334
607.935.204
Jumlah Sumber Dana Kebajikan
1.774.379.852
28.099.196.946
As a realization of Company’s commitment towards social
activities, the Bank allocates fair and adequate budget to
consistently support growing CSR program. CSR program
implementation has 3 (three) fund sources which are
Welfare Fund (Dana Kebajikan) and Zakat Fund.
b. Zakat Fund
In 2013, BSM LAZNAS has collected Zakat, Infaq
and Shodaqoh (ZIS) from the Company’s (BSM)
Zakat with detail as follows:
ZIS Fund Source
a. Welfare Fund
Welfare fund source is acquired from non-halal
income, penalty and other social funds. Balance
at the end of 2013, CSR fund from Welfare Fund
reached to Rp28,099,196,946 or booked robust
growth from 2012 which was Rp1,774,379,852.
No.
Source
266
2012
2013
1
BSM - Corporate ZIS
14.582.880.512
19.177.801.129
2
BSM Employees Zakat
14.912.269.260
5.085.377.257
3
BSM Customers Zakat
7.100.264.051
2.524.576.250
4
Public ZIS
5.320.202.505
3.868.644.546
41.915.616.328
30.656.399.182
Total
Annual Report 2013
Nominal (Rupiah)
PT Bank Syariah Mandiri
3. CSR Fund Disbursement
CSR Fund per Program Disbursement
The Bank disburses fund, both from Social Fund, Zakat
Fund and Operational Fund. Throughout 2013, BSM
cooperated with BSM LAZNAS in performing various
CSR activities through several activities with total fund
disbursement reached to Rp32.09 billion in 2013. Detail of
CSR activity fund realization is as follows:
Detail of Fund Realization
No
No
Program
Zakat
133 Foundation
198 School
11 Laz
49 Mosque
57.124 Public
2
Infaq and
Shodaqoh
1 Foudation
7 School
1 Laz
1 Mosque
13 Public
3
Wakaf
Total
PT Bank Syariah Mandiri
7.606.338.396
186.00%
2
Didik Umat
9.249.674.228
9.548.805.938
3.23%
3
Simpati Umat
9.683.048.524
14.818.633.642
53.04%
4
Dana
Program
837.094.510
95.188.000
-88.63%
22.429.387.463
32.068.965.976
42.98%
30.380.812.874
1.669.225.102
18.928.000
32.068.965.976
267
%
2.659.570.201
Nominal (Rupiah)
1
Growth
Mitra Umat
Total
Recipient
2013
(Rp)
1
Fund Realization 2013
Description
2012
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
4. Social Fund Disbursement
Throughout 2013, the Bank realized social activity fund
both through Head Office and Branch Office amounted
to Rp614.92 billion. The activity is an actualization and
realization of the Ban’s social responsibility to the society.
Detail of fund disbursement for social activity disbursed
by the Bank is as follows:
B. CSR For Social Community and Environment
1. SE No. 8/001/PEM dated January 2nd, 2006 on
Financing Manual Revision.
Social Fund Disbursement
Date
January 11, 2013
February 6, 2013
February 11, 2013
February 22, 2013
April 3, 2013
April 9, 2013
April 10, 2013
April 24, 2013
April 29,2013
May 2, 2013
May 2, 2013
May 2, 2013
May 17, 2013
May 27, 2013
June 4, 2013
June 28, 2013
June 28, 2013
July 16, 2013
July 17, 2013
September 9, 2013
September 13, 2013
October 2, 2013
October 22, 2013
October 30, 2013
November 18, 2013
November 21, 2013
December 5, 2013
December 11, 2013
December 12, 2013
December 17, 2013
December 17, 2013
BSM is highly committed to CSR implementation which is
related with social community and environment as stated
on:
Remarks
Orphans donation
Flood victiom donation
Donation for majelis Ta’lim Assyafeiyah
Donation for Betawi Youth Forum
Carpet donation for Darussalam msoque
Social charity program
Waqf program socialization
CSR donation for IB Vaganza event
Education donation for PAUD Griya Bina Kijang Cinere
Annisa mosque construction donation
Karrisma Gunung Kidul activity donation
CSR donation for YPM Darusallam Sangatta school
Donation for Nurul Islam Islamic Center Mosque Construction in Bekasi
Carpet donation for Al Ihsan Mosque
Cemetery equipment donation
Carpet donation for Nurul Yaqin Mosque
Donation for MDTA - AT-Thohiriyah
Carpet donation at Al Ihsan Mosque
World Lupus Day 2013 donation
Smart Comm Activity donation
Al Ihsan mosque construction donation in Pondok Timur Mas Bekasi
Carpet donation for Al Ihsan Mosque
Qurban donation in Cilegon
Donation for Al Jawahiriyah Islamic School Land Expansion
Al Amien Mosque construction donation
IPB Excellent Students Scholarship
YPI Al Azhar waqf program
Mass circumcision donation
PMI Blood donation fleet procurement donation
Donation for PIISEI Jaya
Sakinah Finance book purchase donation
Annual Report 2013
268
Total (Rp)
5.000.000
5.000.000
5.000.000
5.000.000
33.187.500
30.541.500
4.000.000
5.000.000
4.000.000
5.000.000
7.500.000
20.000.000
10.000.000
109.606.250
10.000.000
28.943.571
5.000.000
98.645.625
5.000.000
5.000.000
16.875.000
10.960.625
5.000.000
20.000.000
5.000.000
4.000.000
5.000.000
21.656.250
100.000.000
10.000.000
15.000.000
614.916.321
PT Bank Syariah Mandiri
2. Financing Policy Manual Book dated April 2nd, 2007
on environment management liability for financing
customers as regulated under:
a. Chapter II article 2012 point E on Financing
Policy “the Bank has to prevent financing for
business sector which do/has not complied with
environment impact policy (AMDAL) that will
cause environmental hazard.”
b. Chapter VI point A on Earning Assets Quality
of Financing Assets Quality Assessment for
financing customers business prospect in
relation with customers’ effort in preserving the
environment.
c. Chapter XI point D on Financing Disbursement
Process, Sub-Capther Productive Financing
Analysis.
3. Circular Letter (SE) No. 9/029-PEM dated July 26th,
2007 entitled Policy Manual Revision Chapter VI
on Earning Assets Quality Sub-Chapter A.3.b.3).
Financing customers business prospect assessment
mainly for components related with customers’
initiative in preserving the environment.
1. Social Community and Environment Program
In assessing technical/production aspects, the Bank
is required to perform analysis on environmental
impact, including:
a. Pollution level on production process.
b. Facility to prevent waste pollution/management
whether has complied with the regulation or not.
c. Complaints from the residents of business/plants
neighborhood
d. Has to comply with prevailing government
regulation whether the customers/applicant
has obtained AMDAL license from authorized
institution.
The Bank ensures that the Company’s performance
has to bring positive impact to community welfare
improvement. The community welfare improvement
will later support the Bank’s sustainable business
development.
To achieve respective condition, the Bank performs
various social and environment activities, as follows:
a. Partnership Program
CSR realization on community economy
development sector is aimed to establish public
independency in achieving long-term welfare
improvement. CSR program in this sector is carried
out by providing capital assistance, working facility
support and other programs.
Partnership Program CSR
No
1
Activity
Micro shop customers assistance and training activity
Area
Total Recipient
Indonesia
1.748 People
Nominal (Rp)
759.304.190
2
LKMS Training expense assistance
Indonesia
811 People
671.589.492
3
Entrepreneurship training donation
Indonesia
1.113 People
543.658.677
4
Independent Capital National Project (PNPM) Training
Indonesia
696 People
955.712.000
5
individual group capital assistance
Indonesia
37 People
1.307.250.000
6
Business group capital assistance
Indonesia
216 People
982.743.000
7
Wiramandiri mosque donation
Indonesia
1.638 People
8
Livestock donation
Indonesia
715 People
1.475.634.695
Grand Total
7.548.469.829
PT Bank Syariah Mandiri
269
Annual Report 2013
852.577.775
CORPORATE SOCIAL
RESPONSIBILITY
Economy Development Program
No
Activity
1
Individual business capital donation
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
79.639.000
Mushroom (Kumbung) Cultivation Operational Asistance
Bogor
1 Institution
601.679.084
The Raal Tea drinking business Working Capital and outlet assistance
Jakarta
9 People
30.000.000
Jakarta
30 People
63.000.000
Katamso
10 People
22.500.000
Sleman
1 Institution
22.000.000
Yogjakarta
1 Institution
10.000.000
Bekasi
1 Institution
18.907.850
Tuban
100 People
85.000.000
Kediri
Institution
150.000.000
Lampung
30 People
31.825.000
Cianjur
Institution
21.500.000
Pati
25 People
100.000.000
Jayapura
1 People
2.000.000
Jember
1 Institution
5.200.000
Pekalongan
1 Institution
10.000.000
Semarang
30 People
15.000.000
Solo
1 Institution
30.000.000
Pekalongan
30 People
15.000.000
Sigli
1 Institution
15.000.000
Jakarta
1 Institution
15.000.000
Lampung
50 People
100.000.000
Malang
20 People
15.000.000
Garut
10 People
6.000.000
Malang
15 People
15.000.000
Jakarta - Roxy
10 People
50.000.000
Tasikmalaya
1 Institution
3.000.000
500 Institutions
1.127.319.267
Hijrah boarding home dhuafa family traders working capital and cart
repair donation
Pedicab donation for Katamso poor people in cooperation with BSM
Katamso
Brick printing machine donation for Ponpes Al-Qordir in cooperation
with BSM Sleman
Goat breeding donation for Ponpes Sabilunajah in cooperation with
BSM Yogjakarta
Bantuan peternak ikan Ponpes Al-Hidayah kerjasama dengan BMS
Bekasi
Donation to 100 cow breeders for Tuban society in cooperation with
BSM Tuban
CSR donation for economy development BSM Kediri
Fisherman ships donation for Sinar Laut village community and
partnership ceremony in cooperation with BSM Lampung
Yayasan Cindev Micro enterprise donation in cooperation with BSM
Cianjur
Pati society street vendor donation in cooperation with BSM Pati
Jayapura society business empowerment in cooperation with BSM
Jayapura
1 Unit computer donation for SMK Jember in cooperation with BSM
Jember
BMT Pekalongan Training/Outbond donation in cooperation with BSM
Pekalongan
Semarang society revolving fund donation in cooperation with BSM
Semarang
19
Pekalongan micro society donation in cooperation with BSM
Pekalongan
20
PNPM Sigli training in cooperation with BSM Sigli
21
BMT gathering donation in cooperation with BSM kanwil II
22
Bicycle donation for newspaper seller in cooperation with BSM
Lampung
25
26
Nominal (Rp)
103 People
PPAP Seroja microfinance donation in cooperation with BSM Solo
24
Total Recipient
Jabotabek
18
23
Area
KOPKAR BSM Malang stall donation
Garut society Duck Breeding economy development support in
cooperation with BSM Garut
Kopkar Tunas Harapan canteen stall donation in cooperation with BSM
Malang
10 mosque surrounding community economy development in
cooperation with BSM Jakarta - Roxy
27
Entre and PZU training in cooperation with BSM Tasikmalaya
28
Sharia micro financial institution business capital training and donation
in cooperation with n BSM nationwide
Indonesia
Total
2.659.570.201
Annual Report 2013
270
PT Bank Syariah Mandiri
b. Environmental Development Program
Throughout 2013, the Bank carried environtmental
development program as follows:
1) Education and Training Aspect
The program is focused on education quality
improvement, carried out by giving scholarship
to students from poor family. The activity is
executed comprehensively both in the Bank’s
Head Office in Jakarta and branch office all over
Indonesia.
Education and Training Program
Total Recipient
No
Activity
Area
Nominal (Rp)
Institution
Individual
School
Foundation
8.845
102
0
5.471.703.292
Indonesia
256
0
1
1.059.947.412
Education donation program
Indonesia
14.766
0
0
1.766.453.054
Institution and foundation
educational support
Indonesia
2.604
48
8
1.154.463.530
26.272
197
2
9.452.567.288
1
Scholarship for elementary
school, junior high school and
high school
Indonesia
2
University student scholarship
3
4
Total
2)Religious
CSR Program on social/cultural/religious aspect
is carried out on dhuafa donation, Ramadhan
charity and other programs.
Religious Program
No
1
Activity
Ramadhan Activity Donation
Area
Total Recipient
Nominal (Rp)
Indonesia
52.741 people
4.699.634.000
2
Qur’ban activity donation to remote area
Indonesia
12.000 Families
580.571.000
3
Individual Orphans Donation
Indonesia
2.810 People
312.774.618
4
Orphans Donation via Institutions
Indonesia
104 Institutions
725.300.000
5
Moslem Religious Day Donation
Indonesia
120 Institutions
486.611.100
6
Syaria Economy Movement (GRES) program
donation
Indonesia
Total
PT Bank Syariah Mandiri
58.336.500
6.863.227.218
271
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
3) Public Facility
CSR program on public facility is carried out as
mosque and Islamic school construction and
renovation assistance, public facility donation
and other program.
Public Facility Program
No
Area
Total Recipient
1
Education facility and infrastructure donation
Activity
Indonesia
26 Institutions
2
Ambulance and healthcare facility donation
Indonesia
23 Institutions
Nominal (Rp)
427.117.000
1.100.523.445
1.527.640.445
Total
4) Public Health Improvement and
Environment
Activity on public health sector is carried out
as health, blood donation, mass circumcision
and other donation. On the other hand, for
environmental development program is carried
out namely through clean facility and MCK
(public toilet) construction). Th activities are
carried both by Head Office in Jakarta and
Branch Office all over Indonesia.
Public Health and Environmental Program
No
Activity
Area
Total Recipient
Nominal (Rp)
1
Individual health care assistance
Indonesia
2620 people
702.480.943
2
Blood donation
Indonesia
5 Institutions
154.056.700
3
Regular Healthcare program
Indonesia
13.839 people
389.710.000
4
Malnutrition Eradication Donation
Indonesia
8.395 toddlers
797.157.500
5
Mobile Healthcare Charity
Indonesia
4.554 people
825.671.375
6
BSM Umat Health Clinic Construction
Jakarta
1 Institution
264.809.000
7
Ambulance Donation
Jakarta
1 Institution
263.825.000
8
Mass Circumcision
Indonesia
12 Institution
133.735.000
3.531.445.518
Total
Annual Report 2013
272
PT Bank Syariah Mandiri
Table of Environmental Program
No
Activity
Area
Total Recipient
Nominal (Rp)
1
Clean Water and Public Toilet Facility Construction
Indonesia
44 Institutions
996.900.000
2
Clean Water Facility Construction
Indonesia
36 Institutions
380.600.937
Indonesia
19 Institutions
644.146.900
Aceh
2 Institutions
80.000.000
Jadebotabek
2 Institutions
80.000.000
Dumai
1 Institution
50.000.000
Bali
1 Institution
50.000.000
3
Public Toilet Facility Construction
4
2 Unit Public Toilets Construction at Jantho
5
2 Unit Public Toilets Construction
6
Permanent Waste Bin Donation
7
Mangrove Planting Assistance in Tanjung Benoa
8
Garbage Transportation Donation in di Bone
Makasar
1 Institution
21.000.000
9
Other Environmental Development Program
Indonesia
16 Institutions
259.194.000
Total
2.561.841.837
2. Other Non-Government Organization
As part of social responsibility realization, The Board
of Directors of the Bank also actively participates on
various Non-government Organization, as follows:
Table of Social Community Activity
No
1
Social Community Activity
Position
Chairman
Asosiasi Bank Syariah Indonesia (Asbisindo):
2
Perhimpunan Ban-Bank Nasional (Perbanas)
Deputy
3
Ikatan Ahli Ekonomi Islam Indonesia (IAEI)
Deputy II
4
Masyarakat Ekonomi Syariah (MES)
Chairman
5
Pusat Komunikasi Ekonomi Syariah (PKES)
Steering Committee
6
Kamar Dagang dan Industri (KADIN)
Head of Sharia Financial Division Permanent Committee
7
Sharia Economy Focus Group, Ikatan Sarjana Ekonomi Indonesia (ISEI)
Member
8
Banker Association for Risk Management (BARa )
Expert Panel
9
Ikatan Alumni Universitas Indonesia Fak. Ekonomi (ILUNI FE)
Deputy
10
Ikatan Cendekiawan Muslim Indonesia (ICMI)
Division Member
11
Ikatan Bankir Indonesia (IBI)
Member
12
Forum Komunikasi Direktur Kepatuhan Perbankan (FKDKP)
Member
13
Ikatan Komite Audit Indonesia
Member
14
Forum Silaturrahmi Perkantoran (Forsimpta)
Member
15
Ikatan Alumni IPB
Member
16
Ikatan Saudagar Muslim Indonesia (ISMI)
Steering Member
PT Bank Syariah Mandiri
273
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
C.CSR on Occupational Sector
Every employee who fails to directly participate
on FDP can obtained similar information with FDP
participant through Board of Directors speech record
and translation which is uploaded by Corporate
Secretary on intranet.
1. Employment Internal Acticity
a. Morning Playing Forum (FDP)
FDP is regularly carried every Monday morning
starting from 07.45 – 08.30 WIB, took place at 11th
Floor Lobby, PT Bank Syariah Mandiri Head Office.
The FDP is participated by more than 700 employees
including the Board of Directors, Division Head,
Executives of Regional Office II and III, Jabodetabek
Branch Office Head and entire BSM employees in
Head Office.
FDP is started with praying together and started with
weekly review, the presentation and working unit
which informs currently progress working program.
FDP is ended by Spirit of the Week presentation,
extracting core values of ETHIC (Excellence,
Teamwork, Humanity, Integrity, Customer Focus)
Shared Values. Core Values is an explanation of
ETHIC valuesinferred from Al Qur’an and Hadits.
FDP is a Knowledge Transfer Forum and
Transparency Forum for entire BSM employees, that:
As the FDP carried every Monday, morning pray
activity is also conducted every Tuesday – Thursday
to start the working activity. The activity is filled with
praying together, information sharing from each
division and briefing from Division Head.
b. Wednesday Evening Recital
Wednesday Evening Recital invited speakers from Ulemma and expert from various studies. Variety of speakers and recital theme are aimed to develop spiritual quality and broaden employees religious knowledge.
Wednesday Evening Recital carried in entire branch office all over Indonesia.
• Every participants of FDP will obtain hot information on company’s performance achievement.
• The Board of Directors will give an advise on presented weekly performance.
• Every employee obtains information directly and from most competent party on company’s monthly performance achievement.
• Every employee will directly learn on what and how the management will respond in taking decision on the Company’s dynamics.
Annual Report 2013
Wednesday Evening Recital is performed regulary every Wednesday evening starting from 16.30 – 18.00 WIB (Maghrib), located at Al-Ihsan Mosque, Head Office of PT Bank Syariah Mandiri. The recital is participated by every employee in Head Office and Board of Directors.
c. Friday Morning Dzikir
Friday Morning Dzikir is carried periodically every
Friday Morning, at 07.30 – 08.00 WIB, located
at Al-Ihsan Mosque, Head Office of PT Bank
Syariah Mandiri. The recital is participated by entire
employees and held in Branch Office nationwide
inviring all of employees in branch office.
274
PT Bank Syariah Mandiri
2. Freedom to Unite through BSM Club
a.
b.
c.
d.
e.
f.
g.
Islam Religious Unit
Soccer Unit
Basketball Unit
Badminton Unit
Indoor Soccer Unit
Tennes Unit
Syariah Mandiri Touring (SMART): Motorcycle
Club
h.BSM Adventure: Nature Lover Club
i. Syariah Mandiri Cycling (Smiling): Bicycle Club
j. BSM Photography Club: Photography Club
k.BSM Readers Club: Book Club
l. BSM Fishing Club
m. Music and Culture Club
n. Gymnastic Club
o. BSM Aikido Club
p. BSM Taekwondo Club
Entering the freedom to unite after the ratification of
ILO Convention No. 87 of 1948 by the Government
as well as the implementation of Law No. 21 of
2000 on Workers/Labor Union, the Bank guarantees
freedom for employees through the establishment
of workers union in BSM. In practice, since the
establishment of BSM, the employees view workers
union establishment has not been necessary yet in
BSM. The absence of workers union in BSM is mainly
due to the intelligence of management in maintaining
the employees. Besides competitive benefit provided
by the Company, BSM also encourages employment
activity/community development.
To support range of community activity, the Bank
established BSM Club on November 1st, 2006. BSM
Clob is a coordination forum for all of employees
activity which previously autonomously carried under
separated community. The employees community
establishment on BSM Club forum are as follows:
a)
b)
c)
d)
Principally, the management does not only promote
work ethic in acquiring income but also highly support
interest based or hobby activity.
The employees considers the importance in supporting
the corporate function. Starting from marketing,
public relation, operational, HR, finance to knowledge
management functions. There were 2 benefits if the
Company facilitates employees community:
Increasing employees bonding, mainly cross
functional and unit employees.
Directing employees passion and competency.
Balancing work and life aspect.
Supporting the Company’s performance both
directly and indirectly.
The Company and employees community is integrated
entity and are synergized to drive positive result
both for the employees and the Company. In BSM,
employees community receives full support from
the management. The support takes form as facility,
activity fund and management direct participation on
employees community activity.
Under BSM Club, there are several active
communities, as follows:
PT Bank Syariah Mandiri
275
a. The employee will be happy because feeling
humanized and allowed to actualize its humanity
aspect.
b. The Company is benefited if the employees able to
assist the management’s function.
Most of the employees community appear promoted
by the employees’ initiative. Therefore, the employee
community will bring greater benefit if carrying the
corporate brand. That the corporate brand value
needs to be internalized in every individual of the
community to not only being the hobby forum but also
will be able to boost the corporate image and support
employees competency development. Moreover, will
also maintain balance between work and life aspect.
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
home, training to develop expertise and skill, choir
group and health gymnastic for member of Karissma.
3.KARISSMA
KARISSMA is acronym of Ikatan Istri Karyawan
Syariah Mandiri. The BSM employee wife
organization is established simultaneously with Bank
Syariah Mandiri 6th Anniversary on November 1st,
2005.
4.BSM Fellowship Program
Karissma is a non-formal organization under BSM
Club. Karissma is a forum for Bank BSM employee
wife. Karissma is also dedicated as gathering forum
to know each other that will create sound and
harmonious family bonding.
Karissma management is at Head Office level and
branch office all over Indonesia.
BSM Fellowship Program is BSM employee orphan
scholarship program for dedicated for children of
passed-away BSM employees. The scholarship is
disbursed starting from elementary school to university
levels. The scholarship is expected to raise employees
ownership in working at BSM. Presently, total BSM
employee orphans which had received the scholarship
amounting to 27 children with detail as follows:
a. a) Elementary School (SD) 7 students.
b) Junior High School (SMP) 5 students.
c) High School (SMA) 8 students.
d) University 7 students.
Karissma existence on its activity is expected to be
an inspiration and couraging factor in supporting their
husband’s career.
Karissma has several activities namely on Religious,
Social Welfare, Human Capital Development and Art
& Sport. The activities which had bene carried such
as monthly recital, visit to orphanage and nursing
Table of BSM Fellowship Program
Scholarship Recipient
Anak Yatim dan/atau Piatu dari Pegawai atau Pensiunan Bank yang meninggal dunia.
Scholarship Level
• Junior High Schiol (SLTP);
• University (PT).
• E
lementary School (SD);
• High School (SLTA);
Scholarship Period
• Elemntary School;max. 6 years
• High School; max: 3 years
• Junior High School; max: 3 years
• University; max: 8 years
Type of Sponsorship
• School/University Admission Fee
• Book expense; •
• Monthly/semester enrollment fee
• Other mandatory expenses.
Scholarship Requirement
• Listed on BSM Database
• Filling the registration form
• Not currently working or married
Annual Report 2013
• Participating and passing administration test
• Signing the scholarship program agreement
276
PT Bank Syariah Mandiri
D. CSR Related with
Responsibility to Customers
3. Customer Engagement Program
The Bank always prioritizes customers satisfaction by
delivering best service. The Bank does not only sell secure
and beneficiary banking product for the society but also
provides maximum protection for the customers (product
responsibility). The Company’s commitment in protecting the
customers is including: Customers Deposit Guarantee,
a. Sahabat BSM (Customer Get Customer)
b. BSM Fantasi (Direct Prize)
c. BSM Gebyar (Customer Gathering with Fun
Bicycle, Fun Walk and Fund Gymnastic)
d. BSM Direct Selling (Outlet opening in strategic
point)
e. Priority Gathering (Priority Customer Gathering)
f. Customer Visit through Head Office employee
visit to major depositor or institution in Branch
Office.
1. Customer’s Deposit Guarantee
Customers’ trust to banking industry is a key to
maintain banking system. The trust is grew under
legal assurance on the bank’s management,
monitoring and customers deposit guarantee as
regulated under Law No. 24 of 2004 on Depist
Guarantor Agency (LPS), BSM provides security
assurance on the fund deposited by the customers
on Deposit Gurantor Agency (LPS).
4. Customers Complaints Settlement Mechanism
2. Customer Care
Other activities which are involving the customers on
service quality improvement, among others:
The Bank has established customer care center.
The customer care center is can be accessed by the
customers using several channels, as follows:
a. 24 hours Syariah Mandiri Call Center by dialing
14040 or (021) 29534040.
b. Email: bsmcall@bsm.co.id.
c. Customer service located at nearest branch
office.
Through the customer care, the Bank gives fast
response on any received complaints and wise
settlement.
a. BSM has established Service Quality
Management & Customer Care (SQM & CC)
Division focusing in handling and following-up
customers complaints. The customers complaint
is delivered to all branch office by filling inquiry/
customers complaints form which is regulated
separately on the Bank’s internal regulation
or the customers may also deliver complaint
through BSM Call.
b. Customers complaints follow-up mechanism:
1) The customer may deliver complaint through
branch office or BSM Call 14040.
PT Bank Syariah Mandiri
277
Annual Report 2013
CORPORATE SOCIAL
RESPONSIBILITY
2) BSM Branch Office or BSM Call will process
the delivered customer complaint on
Complaint Managemnet System (CMS).
3) Data registered on the CMS will be
monitored and followed-up by Customer
Care unit in SQM & CC Division.
4) Information/answer from the related working
unit will be delivered to the complaint
recipient (Branch or BSM Call).
5) Complaing recipient will send the complaints
information/answer to the customers.
6) Compalint recipient will change the complaint
status on CMS as “completed.
5. Service Quality Improvement Program
To improve service quality improvement provided to
the customers, the Bank performs several programs
as follows:
a. Recent service manual preparation based on
customers demand and expectation.
b. Service Quality Assurance (SQA) activity
implementation consistently in Branch Office, as
follows:
c. Customer complaint settlement level in 2013 is
as follows:
- Communication Forum, minimum once a month,
- Role Play, minimum three times a week,
- Morning Briefing, minimum once a week
c.
Service Champion Officer (SCO) forum as
counseling for Branch Office SCO Officer which
is in charge in implementing service standard in
Branch Office.
Customers Complaints Settlement Level 2013
Quarter
Total Complaints
Quarter 1
Quarter 2
Quarter 3
Received
2.781
2.901
4.039
Quarter 4
Total
3.807
13.528
Annual Report 2013
Settled
2.781
2.901
4.039
3.181
12.902
278
% Settlement Achievement
100%
100%
100%
83.55%
95.37%
PT Bank Syariah Mandiri
d. Partnership with service quality assessor
consultant, Marketing Research Indonesia (MRI),
e. Improvement on Security service procurement
partnership in the Company,
f.
Manual and Service tools improvement namely:
branch service manual pocket book, branch
physical aspect manual, account opening
application form simplification, and recording
Complaint Handling service manual book service
standard video, product sales kit and CS and
Teller transaction script formulation.
PT Bank Syariah Mandiri
279
g. Customer complaints registration application
development on Complaint Management System
(CMS).
h. Involving BSM Call as customer complaint
channel through telephone and email.
i.
Improving frontliner competency through: CS
and Teller certification, excellent service training,
Service Leadership Training and Security Forum.
Annual Report 2013
INTERNAL
AUDIT SYSTEM
As part of Good Corporate Governance (GCG)
principle, BSM integrative and continuously
develops and implements effective internal
audit system in mitigating corporate risk
Annual Report 2013
280
PT Bank Syariah Mandiri
Budaya Sumatera
Central Kalimantan
Barat - Seni- Kerajinan
Daya authentic
Miniatur
Bamboo
Rumah Gadang
artwork
PT Bank Syariah Mandiri
281
Annual Report 2013
INTERNAL
AUDIT SYSTEM
I
nternal audit system is a mechanism designed to mitigate
uncertainty risk in the future, securing corporate assets,
encouraging efficiency and assisting on management’s
policy compliance which has been determined on going
basis. BSM through Internal Audit Division keeps developing
and implementing effective internal audit system in building
integrated risk management as part of Good Corporate
Governance (GCG) program implementation.
A.Bank Internal Audit System
Internal Audit System in BSM is determined by the Board
of Directors under the Board of Commissioners approval
and carried to meet following purposes:
1. Increasing effectiveness and efficiency on assets and
other resources utilizations as well as preserving the
Bank from loss risk due to fraud event.
2) Providing accurate, comprehensive, timely and
relevant information to take right decision which can
be taken into responsibility, including financial and
non-financial report required by internal and external
parties of the Bank.
3) Providing reasonable assurance that every
business activity of the Bank has been carried in
compliance with prevailing Law and Regulation,
both the regulation issued by Government, Banking
Supervisory Authority or the Bank’s internal policy,
provision and procedure.
Internal
Audit Report
As part of a process carried by entire Bank’s
management, Internal Audit System is designed to
identify any possibility of particular event occurrence
which may affect the Company and to mitigate the risk to
be under risk appetite, to provide adequate assurance in
accelerating the corporate objective realization.
In evaluating internal audit system effectiveness, BSM
applies 8 COSO – ERM Framework components which
are Internal Environment, Objective Setting, Event
Identification, Risk Assessment, Risk Response, Control
Activities, Information and Communication System and
Monitoring Activities.
Annual Report 2013
282
PT Bank Syariah Mandiri
B. Internal Audit Working Vision
and Mission
E. Internal Audit Function
1. Vision:
To become International Standard and Sharia-based
Strategic Partner.
1. Assurance
Carrying objective evaluation on certain evident
to drive independent assessment on governance,
risk management and control process inside the
organization.
2. Consulting
Providing constructive and applicable added-value
recommendation on every aspect which affects
internal audit performance and system.
2. Mision:
a) Assisting the organization to achieve target
by providing reasonable assurance as well as
independent and objective consulting.
b. Evaluating effectiveness of internal control,
risk management and governance process
through Risk Based Audit Implementation.
c. Ensuring sharia aspect implementation
through on going audit activity.
d. Managing Internal Audit activity effectively and
efficiently.
e. Developing Auditor competency by referring to
audit professional best practice.
C.Internal Audit Charter
BSM has an Internal audit Charter applied as principals
in regulating position, authority and responsibility as well
as working method in carrying internal auditor duty to
establish effective internal audit system in BSM.
Internal audit function is periodically reviewed by external
party at least once in every 3 years to ensure that
internal audit function implementation has complied with
Commercial Banks Internal Audit Function Standard
Operating Procedure and professional Standard issued
by The Institute of Internal Auditors (IIA).
F. Auditor Professional
Responsibility
1. Managing internal audit and reporting audit activity to
President Director and Board of Commissioners with
notification to Compliance Director.
2. Planning and executing audit activity by focusing
on high risk sector/activity and evaluating existing
system procedure/control effectiveness to generate
assurance that the Bank’s purpose and objective will
be optimally achieved.
3. Disclosing audit report, to:
In 2013, BSM conducted several updates on existing
Internal Audit Charter to be more in line with audit
professional standard and best practice.
D.Objectives of Internal Audit
Internal Audit aimed to:
1. Assisting every management’s action in securing
the bank’s operational activity which involves
public fund;
2. Preserving and assuring bank’s growth towards
fair and sound growth direction.
PT Bank Syariah Mandiri
Internal audit function is in charge to assist the President
Director and Board of Commissioners in carrying audit on
the Bank’s operational planning, execution and monitoring
activity by providing assurance and consultancy support.
a. President Director, Board of Commissioners with
notification to Compliance Director. If there is
any event with material or significant impact for
the Bank the latest 7 (seven) days after the audit
finding, to deliver respective information to the
President Director and Board of Commissioners
through Audit Committee.
283
Annual Report 2013
INTERNAL
AUDIT SYSTEM
G.Internal Audit Organization
Structure
b. Regarding audit practice and principals result
including confidential audit result, the latest 2
(two) months after reporting month, signed by
President Director and President Commissioner.
The audit report disclosure to third party will only
be presented under written proposal which has
been approved by President Director.
4. Audit result action plan recommendation
monitoring.
5. Carrying audit activity coordination with external
auditor.
6. Developing and executing program to evaluate
and improve internal audit quality.
Internal Audit is supervised by a Division Head who is
appointed and dismissed by President Director under
Board of Commissioners approval.
In carrying its duty, Division Head is assisted by Deputy
Division Head and 5 Department Head as illustrated on
following organization structure:
Internal Audit
Division and
Anti Fraud
IAD Organization Structure
Team Leader
Auditor Analis Anti Fraud
Head Deputy Division
Monitoring & Audit
Development
Special Audit
General Audit
IT Audit
Audit
Development
Team Leader
Special Auditor
Team Leader
General Auditor
Team Leader
IT Auditor
Quality
Assurance (AMI)
Team Leader
Monitoring Auditor
Team Leader
External Audit Liaison
MIS & Audit Support
MIS
Kesekretariatan
Source: Nota Bersama No. 14/184-2/|DKN, 14/139-2/DAI,
14/154A-2/DMR, 14/019-2/DSP, 14/724-2/DHC, 14/068-2/DPM,
14/028-2/TPMO date Mei 2, 2012.
Annual Report 2013
284
PT Bank Syariah Mandiri
H.Internal Audit Position on Corporate Structure
Certification
Risk Management (BSMR/LSPP)
In carrying monitoring function to realize the bank’s vision
and mission, Internal Audit Unit is acted through Audit
Committee. Internal Audit is supervised by a Division
Head who is appointed and dismissed by President
Director of the Bank under Board of Commissioners
approval and reported to Banking Supervisor Authority.
Position of IAD Head on the corporate organization is
directly under and responsible to President Director
that still able to directly communicate with the Board
of Commissioners through Audit Committee to inform
several aspects related with audit. IAD position is to
preserve independency and objectiveness that will able to
disclose opinion and perspective without any intervention
or pressure from other parties.
73
Certified Internal Auditor (CIA)
2
Certified Fraud Examiner (CFE)
3
Total
78
IAU HR development program carried in 2013 were
namely: Risk based Audit and Continuous Auditing, IT
& Operational Auditing, Communication Skill for Auditor,
Becoming Strategic Leader, Developing Successful
Business Strategy to Planning Great Execution Forum,
IAIB 5th National Conference, IDEA Script Course, CBS
Financing Qardh and Managing People Workshops.
J. Description of internal Audit Unit Duty Implementation
I. Resource and Development
In carrying its function, IAD is supported by 86 personnel
consists of 1 Division Head, 1 Deputy Division Head, 5
Department Head, 21 Team Leader, 52 Auditors and 2
Secretaries. Auditor competency development is carried
namely through participation on certification program both
National or International scope, trainings bot internal and
external and participated from Division Head to Auditor
level to develop audit process quality efficiency and
effectiveness. Pursuant to Internal Audit Charter, training
standard per Auditor has been set for minimum 180
hours per 3 years (60 hours per year). Throughout 2013,
Internal Audit Unit had held training with average training
hours per auditor was 66 hours or 110% from 60 years
training hours per year target. Number of personnel who
has obtained National and International certification as of
2013 are as follows:
PT Bank Syariah Mandiri
Total
285
In responding main priority and the Bank Working
Program for 2013 period, IAU formulates a theme in
preparing audit plan and activity, that the audit result is
expected to be more focused and accurate. The theme
was “Repositioning Internal Audit Function,” preferred as
an initiative to perform re-introspection on audit role and
function based on prevailing law and best practice. This
is in line with stakeholders expectation where the Internal
Audit is expected to have more optimized function not
only on assurance but also on consulting function.
Selected audit approach was based on top risk selection
both for regular or thematic audit. Entire audit planning
is directed to guide Bank Working Program and Main
Priority Realization for 2013 period. By concerning
aforementioned conditions, working unit audit in 2013
included regular and thematic audit assignment carrying
the theme: Network Opening, iBSM conversion and
implementation, Financing Products (implant financing,
cooperatives, Small Financing as well as Program and
Micro Financing, Corporate and Commercial Financing
collectability and Restructuring, comprehensively as
follows :
Annual Report 2013
INTERNAL
AUDIT SYSTEM
1. Regular Audit
Regular audit is audit activity which is systematically
planned at the beginning of current year with priority
determination throughout risk-assessment process
determined through Risk Based Audit (RBA) methodology,
both regular audit for General Audit (GA) section or IT
Audit.
GA regular audit is carried on “high,” “medium to high,”
and “mandatory,” categorized unit, while, IT audit will
focus on RTGS, SKN and IT Governance sectors where
RTGS and SKN are mandated by the regulator. GA
assignment realization in 2013 was 151 assignments and
23 IT assignments.
action monitoring on the audit result is strictly monitored
to ensure that every issue has been settled and the risk
has been mitigated.
K. Fraud Monitoring and Corrective
Action
1. Ensuring monitoring function has been clearly
implemented and well-structured.
2. Appointing assigned executives to monitor internal
audit effectiveness.
3. Determining the right frequency to carry monitoring
activity.
4. Integrating audit system into operational activity
and providing necessary periodic reports.
5. Reviewing evaluation result from unit/employee
assigned to conduct audit activity.
6. Providing accurate information/feed back to
interested party.
2. Thematic and Head Office Audit
Current BSM business is more varied and complex
indicated from numbers of products (business
segmentation) had and activities carried. Therefore, IAU
views the urgency to perform internal control adequacy
assessment based on respective product or activity as a
method to cover existing risk.
Thematic audit carried end to end on a product or activity,
which implementation may involve several units, either
Head or Branch office. Thematic audit realization which
had been completed in 2013 consisted of: Network
Opening Audit, Micro Loan Financing Audit, Restructure
Financing Audit and Collectability Execution Review Audit
.
The Bank has continues monitoring on internal audit
practice adequacy and effectiveness throughout:
Total Internal Fraud Case
Internal Fraud is a violation committed by management,
permanent and non-permanent (honorary and
outsourced) employees related with working process
and operational activity which significantly affects BSm
financial condition or fraud exceeding Rp100,000,000
(one million rupiah) value.
3. Special Audit
Special Audit is an audit activity which prior did not
included on annual planning yet conducted based on
certain concern or due to stakeholders’ request. Special
audit also analyzes red flag, fraud risk indicators and
fraud indications investigation.
Audit result on Internal Audit system implementation
has been utilized as a corrective evaluation on policy,
infrastructure and HR Management aspects. Corrective
Annual Report 2013
286
PT Bank Syariah Mandiri
Number of Cases
Internal Fraud
Board of Commissioners
and Board of Directors
Permanent Employee
Non-Permanent
Employee
2012
2013
2012
2013
2012
2013
Total fraud
0
0
12
29
0
5
Settled
0
0
11
27
0
4
Under Settlement Process at BSM Internal
0
0
0
2
0
1
Has not been handled
0
0
0
0
0
0
Under legal process
0
0
0
1
0
0
L. Curriculum Vitae Head of SKAI
Indonesian citizen born in Yogyakarta on May 31, 1971.
Graduated from Faculty of Economy majoring Accounting
from STIE YKPN, Yogyakarta in 1994.
Mardiana, SE, QIA, CFE
Career History
Participated Trainings
• Certified Fraud Examiner (CFE)
• Investigation Audit, 2012
• International Banking Convention2012
• International Internal Control Conference 2012
• Assessor For Auditor 2012
• Great Leader Program PhaseIII, 2011
• Workshop 4DX Direktorat Internal Audit, 2011
• PSAK 50 & 55 Training in 2010
• ISO 9001:2008, tahun 2009
• Operation Risk Management, 2008
• Level 1 to III Risk Management Certification, 2007
• Disclosure & Investigation Method Workshop, 2007
• Risk Based Audit, 2005
• Fraud Prevention & Investigation,2004
• Audit Control for End User,2003
• Qualified Internal Auditor
• Head of Internal Audit Division (Audit Intern Unit) - BSM
• Audit Manager Audit Development & Advisory –
PT Bank Mandiri (Persero) Tbk. (BM)
• Head of Quality Assurance & Mgt. Representative Dept. –
PT Bank Mandiri (Persero) Tbk. (BM)
• Head of Quality Assurance –
PT Bank Mandiri (Persero) Tbk. (BM)
• Team Leader Quality Assurance –
PT Bank Mandiri (Persero) Tbk. (BM)
PT Bank Syariah Mandiri
287
Annual Report 2013
RISK
MANAGEMENT
Financing and credit risk management
process in BSM is carried end to end
from front-end, middle-end to backend process supported with integrated
system.
The implementation is applying Three
Pillars conceptcarried by Business Unit,
Risk Assessment Financign Unit and
Financing Operation Unit
Annual Report 2013
288
PT Bank Syariah Mandiri
Papua - Asmat sculpture artwork
PT Bank Syariah Mandiri
289
Annual Report 2013
RISK
MANAGEMENT
1. Organization and Human Resource
a.
b.
c.
d.
A. Principles of Risk Management Practice
BSM implements integrated risk management upholding
prudential principle. This is aimed to achieve sound and
sustainable growth and to optimize risk-adjusted return
level.
The Bank mitigates risks throughout risk identification,
measurement, monitoring and mitigation affected
business, operational and organizational aspects.
To support risk management implementation, BSM
has prepared set of policies, process, competency,
accountability, reporting and supporting technology.
In implementing risk governance, BSM applies
Enterprise Risk Management (ERM) approach. The ERM
implementation will provide added-value both for the
Bank and stakeholders mainly related with Risk Based
Performance).
The Bank implements ERM under two prong approaches
comprising of risk management by capital and risk
management by operational activity, that the Bank will
be able to mitigate inherent risk on its business activity.
Four main supporting components on this two prong
approaches are Organization & Human Resources,
Policy & Procedure, System & Data and Metholody/
Model & Analytics. ERM implementation is expected to
boost BSM growth that will generate added0value for the
stakeholders
Risk Monitoring Committee
Risk Management Committee
Risk Management Director
Risk Management Unit
The Bank established Risk Monitoring Committee
(KPR) which is in charge to provide recommendation
on risk management strategy improvement and
implementation to the Board of Commisisoners.
The Risk Management Committee (KMR) is in charge
to recommend risk management policy direction
and strategy, and to discuss every risk aspects
faced by the Bank. Members of KMR are Board of
Directors and Executive Officers. KMR is assisted
by Working Group (WG) comprising of Assets
Liabilities Management (ALMA) WG and Financing
and Operational WG. WG is in charge to conduct risk
review and provides recommendation related with
business condition faced by the Bank.
Risk Management Unit (SKMR) is a unit which is
directly responsible to Risk Management Director.
The Bank continuously evaluates organization
structure and business process to support the Bank’s
business growth.
BSM’s achievement in carrying risk management
function is supported by adequate risk awareness
and competency in entire unit at BSM. On the
other hand, BSM also seeks to develop employees
competency by conducting several certifications,
socializations, discussion forum, internship, or other
related program in risk management aspect in line
with corporate culture internalization program
.
.
Annual Report 2013
Risk management organization in BSM is an organ
established to assist and facilitate risk management
practice in entire line of the Company. The
organization comprises of:
290
PT Bank Syariah Mandiri
BSM took part as one of speakers at Sharia
Banking Risk Management Certification
Module Preparation Workshop held by
Asbisindo on February 1, 2013. This active
participation became on of BSM commitment
realization to encourage sharia banking to
have sound growth.
2. Policy, Procedure, Limit and Tools
Policy and procedure applied in BSM is an
actualization of risk management attached
on the Bank’s operational activitiy which
is periodically reviewed. BSM owns Risk
Management Policy as primary reference on risk
management implementation, the Bank also has
distinct policy and procedure such as policy on
financing, operational and treasury activities.
In 2013, the Bank renewed policy, procedure
and tools related with risk management
implementation, as follows:
a. Policy and Procedure
DRelated with Good Corporate Governance
(GCG) and Risk Management implementation,
the Bank arranged procedural structure
by designing BSM Policy and Procedure
Architecture. The BSM Policy and Procedure
Architecture was authorized by Board of
Directors on August 24, 2011 with hierarchy as
follows:
1) Internal audit system policy;
2) Compliance policy;
3) Core Banking System (CBS) Contingency
Plan;
4) Customers data confidentiality related with
data inquiry from third party;
5) Priority Banking management;
6) Good Corporate Governance practice;
BSM Policy and Procedure Architecture Hiearchy
Charter
Policy
Procedure
Values:
GCG
ETHIC
CoC
Business Ethic
PT Bank Syariah Mandiri
291
Annual Report 2013
RISK
MANAGEMENT
b. Limit and Tools Determination
To comprehensively mitigate the risks as well as
that the risk management to conform with current
equity, the Bank determines limit and tool, as
follows:
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)
13)
14)
15)
16)
17)
Financing approval authority limit;
25 Major debtors exposure limit;
Legal Lending Limit inhouse Limit;
Financing portfolio limit for economy sector & certain sub-sector;
Financing in Foreign Currency portfolio limit;
Financing product limit;
Collateral limit;
Treasury transaction limit;
Cash balance limit;
Operational transaction limit;
Minimum Statutory Reserves limit;
Net Open Position limit;
Secondary reserve limit;
Gold pawning financing per individual limit;
Economy sector rating for financing;
Credit scoring on consumer, micro and small financing;
Corporate rating
4. Methodology/Model and Analysis
3. System and Data
BSM develops and manages risk management
system to accelerate more efficient business
process which remains upholding prudential
banking principle. BSM implements Risk
Management Information System (SIMRIS)
and Operational Risk Management Information
System (ORMIS) which are functioned as:
a.
b.
c.
BSM conducts periodic risk assessment by
implementing certain methods both set by
the regulator and international best practices.
Result of risk models measurement is used as
supporting consideration on decision making
process.
Risk model which has been developed through
qualitative and qantiative methods are financing
scoring, Value at Risk (VaR) model, rating,
management portfolio, stress test, liquidity gap
and repricing gap.
The risk models are periodically evaluated
and caliberated by independent risk model
validator. This aims to preserve model validity
and reliability, as well as to comply with the
regulations.
A.1. Risk Management by Capital
Operational risk event identification and monitoring tool;
Early warning system on operational risk;
Operational risk loss database.
Annual Report 2013
BSM in cooperation with Bank Mandiri
strengthened risk management system through
Debtor Information Pooling (PID) system
application to acknowledge particular information
from the debtors on Mandiri Group, Integrated
Central Liabilities System (ICLS) and Risk Profile
Mandiri System (RPX). Particularly on financing
sector, BSM implements Financing Origination
System (FOS) for consumer and micro segment
to enhance financing process efficiency and
maintain data quality.
292
Risk management by capital is aimed to ensure
the Bank has adequate capital to cever credit risk,
market risk and operational risk, both on normal and
stress condition. BSM conducts capital adequacy
calculation for credit risk, market risk and operational
risk, as follows:
PT Bank Syariah Mandiri
1. Credit risk using Standardized Approach .
2. Market risk using Standard Model, while
internally, the Bank has applied Value at Risk as
Itnernal Amodel.
3. Operational risk refers to Basel II Basic Indicator
Approach.
A.2. Risk Management by Operational Activity
Risk management on operational activity aims to
manage risk in daily business activity to be better
implemented and not exceeding determined risk
tolerance. In mitigating credit risk on financing
process is carried by strengthening finacning end to
end process infrastructure. Market risk mitigation is
carried under limit system namely through treasury
transaction limit, Minimum Statutory Reserves
Limit, Net Open Position, Secondary Reserve
Limit and Gold Pawning Financing per Individual
Limit. Reversely, operating risk mitigation is carried
applying Operational Risk Management System
(ORMIS), Risk and Control Self-Assessment (RCSA)
and Lost Event Database (LED)
1. Credit Risk Mitigation
Credit Risk in BSM is coming from financing
disbursement, placement with securities and
other banks, sales to customers and trading
activities. Credit risk is also generated from
commitment and contingency transaction from
the customers and counterparty.
Credit risk mitigation in the Bank is mostly
directed to build balance between sound credit
expansion and prudent credit management to
prevent quality declining or Non-Performing
Financing (NPF) event, as well as to manage
capital allocation to acquire optimum return.
PT Bank Syariah Mandiri
Financing process and credit risk management
in BSM is carried end-to-end from process at
front-end, middle-end to back-end supported by
integrated system. The implementation process
is carried by Business Unit, Financing Operation
Unit and Risk Assessment Financing Unit. The
three pillars concept is an implementation of
integrated financing process and credit risk
management.
a. Credit Risk Policy, Procedure and Tools
The Bank has Bank Syariah Mandiri
(KPBSM) Financing Policy, Standard
Operating Procedure (SOP) for financing
per business segment. The regulation
acts as credit risk management guideline
including target market determination,
analysis, approval, documentation,
financing disbursement, monitoring, and
non-performing financing handling.
The Bank reviews and develops credit risk
policy, procedure and tools periodically to
anticipate external and internal risk. The
review and development activities are
including:
1) Financing policy and Securities
investment policy;
2) Financing Standard Operating
Procedure for every segment;
3) Financing approval authority limit;
4) Financing price based on risk based
pricing principle;
5) Consumer and micro financing credit
scoring;
6) Portfolio guideline comprising of
portfolio limit, Risk Acceptance Criteria
(RACT) and industry sector rating.
7) Corporate and commercial financing
credit rating.
293
Annual Report 2013
RISK
MANAGEMENT
8) Business process through 3 pillars
implementation on financing process
such are function segregation among
marketing, underwriting and operation.
9) Four eyes principle on small segment
financing throughout:
a) Small financing credit scoring
development;
b) Verificator function establishment
to ensure customers business
feasibility.
10) Branch function in mitigating corporate
financing;
11) Commercial and corporate financing
organization based on industry focus.
12) Monitoring unit at financing business
unit.
13) Micro and Consumer financing
collection systems
The Bank implements guideline portfolio
through limit and RAC determination for
following financing portfolio:
1) Top 25 debtors financing;
b) Cooperative consumer financing for
the members;
c) Foreign currency financing;
d) Financing under committed investment
collateral (mudharabah muqayyadah)
e)Mortgaeg
f) Telecommunication financing;
g) Gas financing;
h) Multifinance;
i) Palm Oil Plantation Financing;
j) Coal Mining Financing;
k) Oil Fuel distribution Financing;
l) Medical Care financing;
m) Sea Transportation Financing;
n) Retail Trading Financing;
o) Food Plantation Financing;
p) Eletricity Financing.
Annual Report 2013
b.
Financing Approval Process
Financing approval is taken through four
eyes principle involving minimum 2 (two)
financing approval authority functions from
Business Unit and Risk Management.
Before granting approval, the Bank
conducted risk identification and
measurement by applying Rating and
Scoring System for certain segments.
Rating and Scoring System consists of
Financing Risk Rating (FRR), Consumer
Scoring, Micro Banking Scoring and LKMS
(Micro Sharia Financial Institution). The
Bank develops Small Business Scoring and
BSM Rating System to improve rapid and
prudent financing analysis process.
Financing process son micro and consumer
segment is carried end-to-end through
Financing Origination System (FOS).
Meanwhile, on small, commercial,and
corporate, financing adequacy analysis
is carried applying portfolio guideline and
FRR tools. As a corrective effort and to
strengthensmall, commercial and corporate
segment, the Bank develops small
financing Financing Origination System
(FOS) and Rating system for commercial
and corporate financing.
c. Financing Monitoring
The Bank monitors and maintains financing
portfolio quality by performing:
1) Financing portfoilio quality trend monitoring
based on business segment, industrial
segment and financing scheme. Financing
monitoring carried under four eyes principle
between business unit and risk assessment;
2) Stress test on financing portfolio, including:
294
PT Bank Syariah Mandiri
a. Monitoring the Bank’s compliance on
several limits such as Net Open Position
(PDN) limit as of December 31, 2013, PDN
ratio reached to 3.69% or not exceeding
limit set by Bank Indonesia to 20%. The
Bank reviews limit periodically or under
significant condition shifting.
b) Measuring Value at Risk due to exchange
rate shifting applying daily Variance
Covariance model. Maximum currency rate
volatility projection applies Exponential
Weighted Moving Average (EWMA) model
with confidence level 99%.
c) Conducting market risk stress test on
securities measured at fair value and foreign
currency periodically. Stress test applies
gain from market and currency rate shifting
scenario.
a) Stress test on macroeconomy and
industry situation/condition by conducting
global financial crisis simulation for 2013.
To acknowledge impact on financing
quality, the Bank applies stress test
scenario such as decrease in export
and import as well as GDP. Result of the
stress test indicates that the scenario
fails to provide significant impact on the
Bank’s financing quality degradation
potential.
b) Stress test on macroeconomy and
industry situation/condition by carrying
simulation on Oil Fuel price rising in
2013. The Bank applied stress test
scenario such as stress test scenario
such as increase in inflation and
production ost. Stress test result
indicated that the scenario provided less
significant impact on the Bank’s financing
portfolio quality.
c) Stress test on gold decreasing price risk
(gold rahn financing management)
2. Market Risk Mitigation
Markekt Risk faced by BSM is a risk on balance
sheet and off-balance sheet position due to
market risk shifting such as price shifting on
assets available to be traded or leased. The
Bank faced market risk on portfolio of trading
and foreign currency securities.
Market risk mitigation refers to Market Risk
Management Policy, Securities Investment
Policy, Securities Investment Standard Operating
Procedure and other related regulations.
The Bank mitigates market risk throughout:
PT Bank Syariah Mandiri
295
3. Liquidity Risk Mitigation
The Bank’s liquidity is affected by funding
structure, asets liquidity and financing
commitment with the debtors, referring to Risk
Management Policy, the Fund Management
Guideline and other related regulations. The
Bank mitigates liquidity risk through following
activities:
a) Monitoring the bank’s compliance against
liquidity risk limit such as Minimum Statutory
Reserves, Secondary Reserves, Large
Exposures and maximum cash balance.
As of December 31, 2013, secondary
reserve ratio was 11.73% or complying with
internal limit regulation minimum at 5%
from average Deposit. On the other hand,
Minimum Statutory Reserves in Rupiah was
5.27% and Foreign Currency at 14.66%
or complying with internal limit regulation
minimum at 5.04% (Rupiah) and 1%
(Foreign Currency).
Annual Report 2013
RISK
MANAGEMENT
The Bank has implemented web-based
software such as Operational Risk
Management Information System (ORMIS)
to mitigate operational risk management.
ORMIS is used as:
b) Placing fund with financial instrument with
financial instrument and other current
financial instruments as the Bank’s liquidity
reserves. SBIS Realization, Reverse Repo
and FASBIS as of December 31, 2013 was
Rp5,917 billion.
c) Measuring liquidity adequacy through
cashflow and liquidity gap projection
calculation periodically. Therefore, the
bank will address liquidity accurately and
efficiently based on needs.
d) Maintaining the Bank’s access to intersharia bank money market by acquiring
and providing credit line from and for other
banks.
e) Monitoring liquidity risk namely through
financing ratio monitoring on deposits, interbank liabilities ratio and cash flow to deposit
ratio.
f) Conducting liquidity risk stress test on
liquidity risk periodically. Stress test is
carried to estimate liquidity cost which has
to be expensed during the crisis condition.
a) Operational Risk event identification
and monitoring Tools;
b) Operational risk potential early warning
system;
c) Loss Event Database (LED).
The Bank has established Operational
Risk Management & Risk Based Audit
alliance team to outline branch operational
risk profile by applying namely Risk and
Control Self-Assessment (RCSA). The
Bank continuously develops and improves
operational risk tools by coordinating with
Bank Mandiri as holding.
b. Limit Management
The Bank mitigates operational risk namely
through limit management to support the
bank’s business soperational prudently.
The limit management is realized namely
throughout transaction limit, net banking
limit and ATM limit.
4. Operational Risk Mitigation
Internal process, system, human and external
event is several factors which enacouraged
operational risk (event). The event was
potentially encouraged loss impact both
financially and non-financially. Therefore, the
Bank has to mitigate operational risk that the
operational ctivity will be appropriately monitored
and mitigated.
The Bank continuously monitors and
updates limit stipulation adequacy
periodically by considering the bank’s
business complexity intensifying and
external condition shifting.
a. Operational Risk Tools Implementation
c. Information Technology (IT) Risk
Management Implementation
The Bank has developed operational
risk tools including: Risk and Control Self
Assessment (RCSA), Key Risk Indicator
(KRI) and Loss Event Database (LED).
Annual Report 2013
The Bank applies Information Technology
(IT) risk management to maintain and
secure IT system operational. IT risk
management implementation in the Bank
is namely conducted through system
296
PT Bank Syariah Mandiri
The Bank has reviewed DRP periodically
to ensure back-up IT system readiness.
Throughout 2013, the Bank conducted one
time DRP trial.
development design and User Acceptance
Test (UAT). Therefore, the Bank will be able
to identify and exercise several identified
weaknesses.
f. Implementasi program risk culture
The Bank has also developed information
technology utilization and application
policy and procedure such as Information
Technology Risk Management Policy
(KMRTI), Contingency Plan – Core Banking
System (CBS) and Core Banking System
Standard Operating Manual.
In 2013, the Bank developed Risk Culture
program. The risk culture program
implementation is namely aimed to raise
employees awareness on potential risk
faced in carrying their activity. The Bank has
implemented risk culture program on risk
identification and mitigation activity pillars,
risk forum for risk management, refreshment
and training to improve employees
competency.
d. Operational Risk Capital Adequacy
Calculation
Bank Indonesia has not obligated sharia
banking to allocate capital for operational
risk. Therefore, the Bank has calculated
capital expense to cover operational risk. In
carrying operational risk capital adequacy
calculation, the Bank applies Basic Indicator
Approach (BIA) method. Moreover, the Bank
also continuously develops aforementioned
operational risk capital adequacy
calculation.
Besides four mentioned risks, the Bank
manages other risks comprising of legal,
reputation, strategic and compliance risks.
The risk management I carried through
Operational Risk Management Committee
or directly managed by particular unit such
as Corporate Secretary Division and Legal
Division.
e. Business Continuity Management (BCM)
5. Risk Profile
The Bank is exposed by operational risk
as disruption/disaster which may disrupt or
even disable part of or entire operational
of the bank. Disaster will occur due to
internal factor (IT system disruption/failure)
or external factor (such as natural disaster,
fire). To maintain the Bank’s operational
continuity even under emergency
circumstances, the Bank has implemented
BSCM which contains Business Continuity
Plan (BCP) and Disaster Recovery Plan
(DRP) Manual.
PT Bank Syariah Mandiri
297
Risk profile assessment is aimed to provide
information to all stakeholders regarding current
business risk condition faced by the Bank. The risk
profile includes inherent risk and risk management
implementation quality effectiveness.
Inherent risk assessment refers to inherent risk
assessment on the Bank’s business activity, through
quantative analysis on particular indicators.
The bank conducts risk management implementation
quality assessment which reflects risk management
system adequacy assessment. The assessment
is conducted by self-assessment with qualitative
Annual Report 2013
RISK
MANAGEMENT
analysis against four assessment indicators including
Board of Commissioners and Board of Directors
active monitoring, adequacy of limit policy, procedure
and stipulation, risk identification, measurement,
monitoring and mitigation process as well as risk
management information and comprehensive
internal control system.
Based on risk profile as of December 2013,
composite risk predicate was Low to Moderate with
inherent risk rating Moderate and risk management
implementation quality was Satisfactory.
Risk profile assessment in the Bank is carried by
Risk Management Division and addressed to the
Board of Directors and Board of Commissioners
in monthly basis as well as to Bank Indonesia in
quarterly basis.
Result of assessment on each risk type carried as
end of 2013:
The Bank Risk Predicate
Assessment as of December 2012 Position
No.
Risk Type
Inherent Risk Level
Penilaian Posisi Desember 2012
Risk management
implementation quality
Risk management
implementation quality
Inerent Risk Level
1.
Credit
Moderate
Fair
Low to Moderate
Fair
2.
Market
Low
Satisfactory
Low
Satisfactory
3.
Liquidity
Low to Moderate
Satisfactory
Low to Moderate
Satisfactory
4.
Operational
Moderate
Fair
Moderate
Fair
5.
Legal
Moderate to High
Fair
Moderate
Fair
6.
Reputation
Low to Moderate
Fair
Low to Moderate
Fair
7.
Strategic
Moderate to High
Strong
Moderate to High
Strong
8.
Compliance
Low
Satisfactory
Low
Strong
Moderate
Satisfactory
Low to Moderate
Low to Moderate
Composite Bank Risk Predicate
Annual Report 2013
298
PT Bank Syariah Mandiri
B.Risk Management with Holding Consolidation
To synergize risk management implementation between
the bank and holding (Bank Mandiri), Bank Mandiri
built risk management implementation consolidation.
Risk management implementation consolidation with
Bank Mandiri including the bank’s operational policy
& procedure architecture, risk management tools, the
Bank’s risk profile assessment, Risk Based Audit (RBA),
Debtors Information Pooling (ICLS) and Risk Awareness
Survey (RAWS).
5. Strengthening stress testing process
Under notable concern on global and domestic
uncertainty and related with risk management
consolidation with the Bank’s holding in improving
stress testing implementation.
6. Risk profile indicator development
To build risk measurement sensitivy, both for the
Bank’s internal interest and to consolidate the Bank
with Holding, the Bank will conduct risk profile
indicator evlaution
.
C.Risk Management Development Plan
To support business growth and to anticipate
macroeconomy condition shifting a well as to implement
new regulation, the Bank will continuously develops
risk management infrastructure and capability, namely
including:
1. Developing risk culture program for every unit at
Head Office and Branch Office adjusted with key
inherent risk in respective unit.
2. Developing risk measurement tool such as credit
scoring, credit rating, Financing Origination System
(FOS) development, small financing, ORMI system
development, financing process strengthening as
well as market and liquidity risk information system.
3. Implementation of Consolidated Operational
Risk Management System (CORSYS) which is
consolidated operational risk management web
application to be applied in preparing operational risk
profile at Branch Office.
4. Strengthening the Bank’s end-to-end business
process. The Bank reviewed risk management
implementation effectiveness on its business by
strengthening end-to-end process and indstructure.
The business process strengthening is carried by
concerning CorPlan recommendation, benchmarking
result and result of internal process evaluation and
BSM financing structure.
PT Bank Syariah Mandiri
299
Annual Report 2013
COMPANY
PROFILE
Executives Profile
Office Networks
Laporan Tahunan 2013
300
PT Bank Syariah Mandiri
West Java - Indramayu
Banking Hall
authentic
- Bank Syariah
mask artwork
Mandiri
PT Bank Syariah Mandiri
301
Laporan Tahunan 2013
COMPANY
DATA
Micro Banking Directorate:
with BSM since 1999.
Andri Vendredi
Head of Micro Banking & Hajj
Division (MHD). Born in Bandung
on April 12, 1968. Graduated from
Faculty of Economy, Universitas
Parahyangan. Joining with BSM since
2005.
Erick Lasac Pardede
Head of Remittance Business
& Transfer Division (RBD). Born
in Sibolga on October 23, 1959.
Graduated from Faculty of Civil
Engineering, Univ. Trisakti in
1988 and Post-graduate (Master)
from Faculty of Finance (Bussines
Adminstration), Oklahoma City
University in 1991. Joining with BSM
since August 18, 2003
Rustanti Rachmi
Head of Consumer Banking Division
(CND). Born in Gombong on January
20, 1967. Graduated from Faculty
of Mathematics and Schience,
Universitas Indonesia in 1990.
Joining with BSM since.
Executives
Profile
Jefry Prayana
Head of Pawning Division (PWD).
Born in Medan on January 20,
1972. Graduated from Faculty of
Mechanical Engineering, Institut
Teknologi Bandung (ITB) in 1999 and
Pst-graduate (Master Degree) from
Faculty of Economy, majoring Islamic
Middle-East Studies, Universitas
Indonesia in 2007. Joining with BSM
since 2000.
Zul Ikbal
Head of Alternate Channel Division
(ALD). Born in Bukittinggi on
December 9, 1964. Graduated from
Faculty of Economy, Universitas
Padjadjaran in 1988. Joining with
BSM since 2009.
Dewa Bagus Ivan Baruna
Head of Retail Customer
Management Division (RCD). Born
in Denpasar on September 29,
1965. Graduated from Faculty of
Engineering, Institut Sains dan
Teknologi Nasional in 1990. Joining
Annual Report 2013
302
Network & Asset Management
Directorate:
Teguh Budi Santoso
Head of Small Banking Division
(SBD). Born in Nganjuk on May 1,
1964. Graduated from Bachelor
Degree, Faculty of Agriculture,
Universitas Sebelas Maret Surakarta.
Joining with BSM since March 10,
2003.
Sulistyo Budi
Head of Financing Restructuring
Division (RSD). Born in Jember
on January 14, 1963. Graduated
from Bachelor and Master Degree
of Faculty of Agricultre, Institut
Pertanian Bogor in 1985 and 2001.
Joining with BSM since 2007.
Dadang Hernawan
Head of Financing Recovery Division
(FRD) Born in Bandung on October
27, 1957. Graduated from Faculty
of Law, Universitas Parahyangan
Bandung in 1983. Joining with BSM
since January 9, 2001.
Agus Tri Widodo
Head of Operation Division (OPD).
Born in Solo on October 15,
PT Bank Syariah Mandiri
Silaturrahim sesama pegawai terus dipupuk
dan ditingkatkan untuk menjaga teamwork
dan semangat kerja melalui berbagai kegiatan
kebersamaan yang terbuka untuk seluruh
pegawai.
1959. Graduated from Informatic
Management studies, STIMK, Jakarta
in 1980. Completing Master of
Information Technology, in 1998.
Joining with BSM since 2010.
Firman Jatnika
Head of Network Division (NWD).
Born in Jakarta on February 26,
1970. Graduated from Faculty of
Economy, Universitas Padjadjaran in
1995 and Master of Economy from
Universitas Indonesia
in 2005. Joining with BSM since
1999.
Corporate Banking &
Treasury Directorate:
Siti Nurdiana
Head of Corporate Banking Division
(CRD). Born in Jakarta on December
16, 1966. Graduated from Faculty of
Economy, Universitas Padjadjaran in
1991. Joining with BSM since BSM
sejak tahun 1999.
Anton Sukarna
Head of Commercial Banking
Division (CMD) Born in Bandung
on November 24, 1970 Graduated
from Faculty of Livestock, Institut
PT Bank Syariah Mandiri
Pertanian Bogor in 1994. Joining
with BSM since November 1, 1999.
Indra Falatehan
Head of Special Financing
Syndication Division (FSD). Born in
Jakarta on March 3, 1978. Graduated
from Faculty of Gas & Petrochemical
Engineering, Universitas Indonesia
in 2002. Joining with BSM since
September 3, 2002.
Tutuy Guntara
Head of Treasury & International
Banking Division (TID). Born in
Ciamis on February 27, 1957.
Graduated from Faculty of Forestry,
Institut Pertanian Bogor in 1980.
Joining with BSM since 1999.
Subki Matsyah
Head of Procurement & Services
Division (PSD). Born in Aceh on
September 1, 1964. Graduated
from Faculty of Agriculture, Institut
Pertanian Bogor in 1986. Joining
with BSM since 2003.
Taufik Machrus
Head of Corporate Secretary Division
(CSD). Born in Pasuruan on April 3,
1968. Graduated from Faculty of
Economy, Universitas Airlangga in
1994. Joining with BSM since 2001.
303
Annual Report 2013
(foto)
Employees unity is fostered and
enhanced to maintain team work
and working spirit under various
gathering event for all emplyees.
Risk Management Directorate:
M. Fanny Fansyuri
Head of Risk Management Division
(RMD). Born in Bandung on April
14, 1967. Graduated from Faculty of
Economy, Universitas Padjadjaran in
1991. Joining with BSM since 1999.
Roosita Abdullah
Head of IT Strategic & Assurance
Division (ISD). Born in Jakarta on
April 7, 1961. Graduated from
Faculty of Mathematics & Science,
Universitas Indonesia in 1987 and
professional course from Indonesia
Banker Institute in 2000. Joining with
BSM since 2002.
Khoirul Huda S Riyadi
Head of IT Operation Division
(IOD). Born in Jakarta on October
6, 1975. Graduated from Faculty of
COMPANY
DATA
Agronomy, Institut Pertanian Bogor
in 1999 and Post-Graduate (Master)
from Magister Management,
Universitas Budi Luhur in 2004.
Joining with BSM since September
1, 2003.
Musdar Ayub
Head of Accounting Division (ACD).
Born in Jakarta, October 23, 1962.
Graduated from UPN Veteran,
Jakarta in 1985. Joining with BSM
since 1999.
Ramadhona Fitri
Head of Retail Micro and Small
Risk Assessment Division (RAD).
Born in Deli Serdang on March 3,
1961. Graduated from Faculty of
Agriculture, Institut Pertanian Bogor
in 1984. Joining with BSM since June
1, 2012.
Asriel Hay
Head of Commercial and Corporate
Risk Assessment Division (CAD).
Born in Jakarta on July 15, 1966.
Graduated from Faculty of Marketing
Management, Univ. Krisnadwipayana
in 1991 and Post-Graduate (Master)
from Faculty of Corporate Finance
& Banking, Univ. Sriwijaya in 2001.
Joining with BSM since June 1, 2012.
Compliance Directorate:
Priyo Prakoso
Head of Compliance Division (CPD).
Born in Surabaya, East Java on March
20, 1959. Graduated from Faculty of
Economy, Universitas Indonesia in
1987, obtaining Master of Business
Administration from Case Western
Reserve University Ohio in 1997.
Joining with BSM since 1999.
Annual Report 2013
304
Muslihan
Head of Policy & Procedure Division
(PPD). Born in Pati on October 18,
1959. Graduated from Sekolah Tinggi
Ilmu Ekonomi Jakarta majoring
Accounting in 1999. Joining with
BSM since 2001.
Achmad Fauzi
Head of Human Capital Division
(HCD). Born in Kuningan, West Java
on November 4, 1965. Graduated
from Faculty of Economy, Unkris in
1989 and Master of Business Law,
Universitas Padjadjaran, Bandung in
2002. Joining with BSM since 2005.
Gunawan Arief Hartoyo
Head of Learning Center Division
(LCD). Born in Sukohardjo on March
26, 1971. Graduated from Faculty
of Economy, Universitas Airlangga
in 1995. Joining with BSM since
December 27, 1999.
Eka Bramantya Danuwirana
Head of Planning Development
& Performance Management
(PMD). Born in Tegal on April 11,
1969. Graduated from Faculty of
Engineering, University of Missouri
USA in 1993, obtained Master from
Faculty of Engineering, Purdue
University USA in 1995. Joining with
BSM since 2007.
Tri Widiyono
Head of Legal Division (LGD). Born
in Ponorogo on July, 22 1959.
Graduated from Faculty of Law,
Universitas Islam Jakarta (Bachelor)
and Post-Graduate (Master),
Universitas Indonesia majoring
Notary; Business Law, Universitas
PT Bank Syariah Mandiri
BSM memiliki beragam kegiatan rutin untuk
meningkatkan silaturrahim sesama pegawai, salah
satunya adalah Doa Pagi Senin. Kegiatan ini diikuti
semua pegawai kantor pusat dan kepala Cabang
Jabodetabek. Kegiatan ini diisi pemaparan kinerja
mingguan dan pengarahan langsung Manajemen.
Krisna Dwipayana, Notary and PPAT
Candidate. Presently is completing
Doctorate Degree on Law Studies,
Faculty of Law, Universitas Brawijaya.
Joining with BSM since March 1,
2013 (pursuant to SK
No.15/285-KEP/DIR dated February
26, 2013)
President Directorate
Mardiana
Head of Internal Audit Division
(IAD). Born in Yogyakarta on May
31, 1971. Graduated from Faculty
of Economy majoring Accounting,
from STIE YKPN Yogyakarta in 1994.
Joining with BSM since April 1, 2013
(pursuant to SK No. 15/473- KEP/DIR
dated March 26, 2013)
PT Bank Syariah Mandiri
Putu Rahwidhiyasa
Head of Transformation
Management & Corporate Culture
(TCD). Born in Jakarta on September
13, 1964. Graduated from Faculty of
Agriculture, Institut Pertanian Bogor
in 1986, obtaining Master Finance
& Strategy from University of Illinois
USA in 1995. Joining dengan BSM
since 2008
BSM has various regular activity to
enhance employees unity, namely
through Monday Morning Pray
activity. The event is participated by
all of employees at Head Office and
Branch Office in Jabodetabek. The
activity also disseminates weekly
performance expose and direct
briefing from the Management.
305
Annual Report 2013
COMPANY
DATA
REGION I
KC MEDAN
Jl. Jenderal Achmad Yani No. 100, Medan,
Sumatera Utara.
Telp. (061) 4153866, 4151466
Fax. (061) 4511867
KCP MEDAN SETIA BUDI
Kompl. Perumahan Nice Commercial, Blok B No. 4,
Jl. Setia Budi, Medan, Sumatera Utara.
Telp. (061) 8220384
Fax. (061) 8221267
KCP MEDAN PETISAH
Jl. Rotan No. 6-7, Medan, Sumatera Utara.
Telp. (061) 4521002 Fax. (061) 4145787
KCP MEDAN KRAKATAU
Jl. Krakatau No. 142 B-C, Kel. Glugur Darat I, Kec.
Medan Timur, Kota Medan, Sumatera Utara.
Telp. (061) 6691005
Fax. (061) 6616121
Office
Networks
KC:
KCP:
UPS:
KK:
KLS:
PP:
Branch Office
Sub Branch
Unit Pelayanan Syariah
Kantor Kas
Konter Layanan Syariah
Payment Point
KCP MEDAN BELAWAN
Jl. Sumatera No. 33, Kec. Medan Belawan, Kota
Medan, Sumatera Utara.
Telp. (061) 6945820
Fax. (061) 6941744
KCP MEDAN TOMANG ELOK
Jl. Gatot Subroto Komplek Tomang Elok Blok A No.
81, Medan, Sumatera Utara.
Telp. (061) 8472668
Fax. (061) 8440518
KCP MEDAN ISKANDAR MUDA
Jl. Iskandar Muda No. 58, Medan, Sumatera Utara.
Telp. (061) 4151156
Fax. (061) 4521396
KCP MEDAN PULO BRAYAN
Jl. Yos Sudarso Komplek Mega Glugur Mas No. 3-4,
Medan, Sumatera Utara.
Telp. (061) 6632917
Fax. (061) 6644784
KCP MEDAN MARELAN RAYA
Jl. Marelan Raya Pasar IV No. 135, Kel. Rengas
Pulau, Kec. Medan Marelan, Kota Medan, Sumatera
Utara.
Telp. (061) 6856176
Fax. (061) 6854463
KCP MEDAN THAMRIN Jl. Thamrin No. 91, Kel.
Sei Rengas II, Kec. Medan, Kota Medan, Sumatera
Utara.
Telp. (061) 7334780
Fax. (061) 7366967
KCP GRAHA HELVETIA
Jl. Kapten Sumarsono No. A-13, Desa Helvetia, Kec.
Labuhan Deli, Kab. Deli Serdang, Sumatera Utara.
Telp. (061) 8454341, 8454329
Fax. (061) 8455130
Annual Report 2013
306
KCP MEDAN MUCHTAR BASRI
Jl. Kapt. Muchtar Basri No. 114 & 114-A, Kel. Glugur
Darat II, Kec. Medan Timur, Kota Medan, Sumatera
Utara.
Telp. (061) 6622282
Fax. (061) 6622303
KK MEDAN POLONIA
Bandara Udara Internasional Terminal Kedatangan,
Jl. Imam Bonjol, Medan, Sumatera Utara.
Telp. (061) 4567127
Fax. (061) 4567127
PP MEDAN KANTOR DEPARTEMEN AGAMA
Kantor Kementrian Agama Kota Medan, Jl. Sei Batu
Gingging, Kota Medan, Sumatera Utara.
Telp.-
Fax.KC ACEH
Jl. Diponegoro No. 6, Banda Aceh, Aceh.
Telp. (0651) 22010
Fax. (0651) 33945
KCP MEULABOH
Jl. Nasional No. 107, Gampong Ujong Baroh, Kec.
Johan Pahlawan, Kabupaten Aceh Barat, Aceh.
Telp. (0655) 7551109, 7551558 Fax. (0655) 7551184
KCP SIGLI
Jl. Prof. A. Majid Ibrahim blok C No. 5-6, Kp. Asan,
Kec. Kota Sigli, Kabupaten Pidie, Aceh.
Telp. (0653) 7829601, 7829602
Fax. (0653) 7829603
KCP ACEH DARUSSALAM
Jl. T. Nyak Arief No. 376, Kopelma Darussalam, Syiah
Kuala, Kota Banda Aceh, Aceh.
Telp. (0651) 7551743, 7551744
Fax. (0651) 7551745
KCP JANTHO
Jl. Jend. Sudirman, Jantho, Aceh Besar, Aceh.
Telp. (0651) 92684, 92689
Fax. (0651) 92683
KCP CALANG
Jl. Calang Meulaboh (Jl. Teuku Umar) No.5, Desa
Dayah Baro, Kec. Krueng Sabe, Kab. Aceh Barat,
Aceh.
Telp. (0654) 2210114, 2210115
Fax. (0654) 2210117
KCP MEUREUDU
Jl. Iskandar Muda No. 32-33, Desa Kota Meureudu,
Kec. Meureudu, Kab. Pidie Jaya, Aceh.
Telp. (0653) 51393, 51394 Fax. (0653) 51199
KCP LAMBARO
Jl. Banda Aceh-Medan KM 8,5, Desa Lambaro, Kec.
Ingin Jaya, Kabupaten Aceh Besar, Aceh.
Telp. (0651) 8070130, 8070131
Fax. (0651) 8070133
KCP ACEH ULEE KARENG
Jl. T. Iskandar No.333 A-B, Lam Glumpang, Ulee
Kareng, Banda Aceh, Aceh.
Telp. (0651) 637797, 637802, 637803 Fax. (0624) 637800
PT Bank Syariah Mandiri
KCP ACEH KEUTAPANG
Jl. Raya Keutapang - Mata Ie No 4-6, Lambheu, Kec.
Darul Imarah, Kab. Aceh Besar, Aceh.
Telp. (0651) 49900, 49877, 49866
Fax. (0651) 49876
KCP SABANG
Jl. Perdagangan No. 29, Kota Bawah Barat, Kec.
Sukakarya, Kota Sabang, Aceh.
Telp. (0652) 22616, 22718, 22719
Fax. (0652) 22724
KCP NAGAN RAYA
Jl. Nasional Simpang Empat Jeuram, Gampong
Simpang Peut, Kec. Kuala, Kab. Nagan Raya, Aceh.
Telp. (0655) 7555382
Fax. (0655) 7555381
KCP POS BANDA ACEH
Kantor Pos Cabang Banda Aceh,
Jl. T. Hamzah Bendahara No. 33, Kec. Kuta Alam,
Kota Banda Aceh, Aceh.
Telp. (0651) 31129
Fax. (0651) 31127
PP ACEH POLITEHNIK KESEHATAN
Politehnik Kesehatan Aceh, Jl. Soekarno Hatta,
Kampus Terpadu Poltekkes Aceh, Aceh Besar,
Aceh.
Telp.-
Fax.PP DAYAH JEUMALA AMAL
Jl. Banda Aceh - Medan, Lueng Putu, Kec. Bandar
Baru, Kab. Pidie Jaya, Aceh.
Telp.-
Fax.PP ACEH RS ZAINAL ABIDIN
RSUD Dr Zainoel Abidin, Jl. Tgk. H. M. Daud Beureuh
No. 118, Banda Aceh, Aceh.
Telp.-
Fax.KC PEKANBARU
Jl. Jend. Sudirman No. 450, Pekanbaru, Riau.
Telp. (0761) 849191, 849192, 849193, 849194
Fax. (0761) 849190, 31668
KK BEUREUNEUN
Jl. Banda Aceh-Medan Km. 120, Desa Baro Yaman,
Kec. Mutiara Gampong, Kab. Pidie, Aceh.
Telp. (0653) 821117
Fax. (0653) 821118
KCP PEKANBARU PANAM
Jl. HR. Subrantas Km. 9,5 (Depan Ponpes
Babussalam), Kel. Sidomulyo, Kec. Tampan, Panam,
Pekanbaru, Riau.
Telp. (0761) 62263, 62385 Fax. (0761) 62270
PP ACEH UNMUHA
Gedung Univ. Muhammadiyah Aceh, Jl.
Muhammadiyah No. 91, Banda Aceh, Aceh.
Telp. (0651) 28303
Fax. (0651) 28303
KCP PANGKALAN KERINCI
Jl. Lintas Timur No. 115, Pangkalan Kerinci,
Pekanbaru, Riau.
Telp. (0761) 493335
Fax. (0761) 493337
PP DAYAH TENGKU C. DAUD BEUREUH (TERPADU)
Komp. Dayah Tgk. Chik Daud Beureueh, Jl. Banda
Aceh - Medan, Beureuneun, Kab Pidie, Aceh.
Telp.-
Fax.-
KCP TEMBILAHAN
Jl. M. Boya No. 4, Tembilahan, Indragiri Hilir,
Pekanbaru, Riau.
Telp. (0768) 21935, 21936, 21937, 21939 Fax. (0768) 21938
PP JANTHO KANTOR BUPATI
Kantor Bupati Jantho Aceh Besar, Jl. T. Bachtiar
Panglima Polem, Aceh Besar, Aceh.
Telp.-
Fax.-
KCP UJUNG BATU
Jl. Jend. Sudirman, Ujung Batu, Rokan Hulu, Riau.
Telp. (0762) 7363901, 7363902, 7363903 Fax. (0762) 7363900
PP ACEH UNSYIAH
Kampus Falkultas Ekonomi Unsyiah, Kopelma
Darussalam, Banda Aceh, Aceh.
Telp.-
Fax.-
KCP PEKANBARU NANGKA
Jl. Tuanku Tambusai No. 320 E-F, Labuh Baru Timur,
Tampan, Pekanbaru, Riau.
Telp. (0761) 7891526
Fax. (0761) 572064
PP ACEH UBUDIYAH
Kampus Falkultas ‘Ubudiyah, Desa Tibang, Alue
Naga, Banda Aceh, Aceh.
Telp.-
Fax.-
KCP BANGKINANG
Jl. Datuk Tabano No. 66-67, Bangkinang, Kab.
Kampar, Riau
Telp. (0762) 21015, 21016, 21017
Fax. (0762) 21008
PP NAGAN RAYA DPPKAD
Jl. Poros Utama Komplek Perkantoran Suka
Makmoe, Kab. Nagan Raya, Aceh.
Telp. (0655) 7556332
Fax.-
KCP PEKANBARU PASIR PUTIH
Jl. Raya Pasir Putih No. 15-16, Kab. Kampar, Riau.
Telp. (0761) 73427, 73429
Fax. (0761) 73431
PP ACEH IAIN AR RANIRY
IAIN AR RANIRY, Jl. Lingkar Kampus IAIN, Banda
Aceh, Aceh.
Telp.-
Fax.-
PT Bank Syariah Mandiri
KCP TELUK KUANTAN
Jl. Kemerdekaan No. 48, Teluk Kuantan, Kab.
Kuantan Singingi, Riau. Telp. (0760) 20600, 20588
Fax. (0760) 20550
307
Annual Report 2013
KCP PEKANBARU SUDIRMAN
Jl. Jend. Sudirman No. 169, Desa Kota Tinggi, Kec.
Pekanbaru Kota, Kota Pekanbaru, Riau.
Telp. (0761) 849708
Fax. (0761) 849505
KCP RENGAT
Jl. Sultan No. 50, Kel. Kampung Besar Kota, Kec.
Rengat, Kab. Indragiri Hulu, Riau.
Telp. (0769) 7004400
Fax. (0769) 324050
KCP SIAK
Jl. Raja Kecik d/h Balai Kalang (Depan MTsN Siak),
Kel. Kampung Dalam, Kec. Siak, Kab. Siak, Riau.
Telp. (0764) 20222
Fax. (0764) 20223
KK PEKANBARU RUMBAI
Jl. Sekolah, Rumbai No. 10 A, Pekanbaru, Riau.
Telp. (0761) 51959
Fax. (0761) 51876
KK PASIR PANGARAIAN
Jl. Tuanku Tambusai, Desa Rambah Tengah Utara,
Kec. Rambah, Kab. Rokan Hulu, Riau.
Telp. (0762) 7392344
Fax. (0762) 7392345
KK PEKANBARU UIR
Gedung Fakultas Ekonomi Universitas Islam Riau
(UIR), Jl. Kaharudin Nasution, Kel. Simpang Tiga,
Kec. Bukit Raya, Kota Pekanbaru, Riau.
Telp. (0761) 678930
Fax.PP PEKANBARU PENGADILAN AGAMA
Jl. Rawa Indah No. 1, Arifin Ahmad, Pekanbaru,
Riau.
Telp. (0761) 7063358 Fax. (0761) 7063358
PP PEKANBARU POLITEKNIK CALTEX RIAU
Jl. Umban Sari No. 1, Rumbai, Pekanbaru, Riau. Telp. (0761) 34325
Fax. (0761) 34325
KC SIMEULUE
Pertokoan Suak Tungkul Kavling 1 No. 5/6,
Jl. Tgk. Diujung Sinabang, Simeuleu, Aceh.
Telp. (0650) 21547
Fax. (0650) 21556
KCP BLANGPIDIE
Jl. Kesehatan No. 84-86, Gampong Kuta Tuha,
Blangpidie, Aceh Barat Daya, Aceh.
Telp. (0659) 93387
Fax. (0659) 93386
KCP SUBULUSSALAM
Jl. Teuku Umar No. 10-11, Subulussalam, Aceh.
Telp. (0627) 31500
Fax. (0627) 31502
KCP RIMO
Jl. T. R. Angkasah No. 77 A/B, Lae Butar-Rimo, Kab.
Aceh Singkil, Aceh.
Telp. (0658) 21588, 21556, 21557
Fax. (0658) 21580
COMPANY
DATA
KK TAPAK TUAN
Jl. Merdeka No. 92 B, Gampong Pasar, Kec. Tapak
Tuan, Kab. Aceh Selatan, Aceh.
Telp. (0656) 323700, 323702
Fax. (0656) 323701
KC PADANG
Jl. Belakang Olo No. 47, Kel. Kampung Jawa, Kec.
Padang Barat, Kota Padang, Sumatera Barat.
Telp. (0751) 21113, 20765
Fax. (0751) 24768
KCP SOLOK
Jl. Ahmad Dahlan No. 100, Kel. Pasar Pandan Air
Mati, Kec. Tanjung Harapan, Kota Solok, Sumatera
Barat.
Telp. (0755) 22594
Fax. (0755) 22960
KCP PADANG ULAK KARANG
Jl. S.Parman No. 145 A, Kel. Ulak Karang Selatan,
Kec. Padang Utara, Kota Padang, Sumatera Barat.
Telp. (0751) 444908
Fax. (0751) 444218
KCP PADANG BANDAR BUAT
Jl. Rimbo Datar No. 16D RT 02 RW 02, Kel. Bandar
Buat, Kec. Lubuk Kilangan, Kota Padang, Sumatera
Barat.
Telp. (0751) 775142, 71900
Fax. (0751) 72500
KCP PADANG PARIAMAN
Jl. Hos Cokroaminoto No. 9, Kel. Alai Gelombang,
Kec. Pariaman Tengah, Kota Pariaman, Sumatera
Barat.
Telp. (0751) 93950, 93951
Fax. (0751) 93952
KCP PULAU PUNJUNG
Jl. Lintas Sumatra Km. 2, Nagari IV Koyo, Kec. Pulau
Punjung, Kab. Dharmasraya, Sumatera Barat.
Telp. (0754) 40770, 40771
Fax. (0754) 40772
KCP PADANG SITEBA
Jl. Raya Pondok Kopi Siteba Blok D dan E, Kel.
Negeri Nanggalo, Kec. Nanggalo, Kota Padang,
Sumatera Barat.
Telp. (0751) 4488722, 4488733
Fax. (0751) 4488755
KCP PAINAN
Jl. Ilyas Yacub No. 10, Kenagarian Painan, Kec. IV
Jurai, Kab. Pesisir Selatan, Sumatera Barat.
Telp. (0756) 22805, 22803
Fax. (0756) 22807
KCP POS PADANG
Kantor Pos Padang, Jl Bagindo Aziz Chan No. 7,
Kel. Pasar baru, Kec. Padang Barat, Kota Padang,
Sumatera Barat.
Telp. (0751) 20770
Fax. (0751) 20772
KCP LUBUK ALUNG
Jl. Raya Padang - Bukittinggi, Pasar Lubuk Alung,
Kec. Lubuk Alung, Kab. Padang Pariaman, Sumatera
Barat.
Telp. (0751) 697800, 697900
Fax. (0751) 697496
KK PADANG UNIVERSITAS ANDALAS
Gedung Pusat Kegiatan Mahasiswa Universitas
Andalas
Jl. Limau Manis, Padang, Sumatera Barat.
Telp. (0751) 778601
Fax. (0751) 778600
KK UNIVERSITAS NEGERI PADANG
Jl. Prof. Dr. Hamka, Kel. Air Tawar Barat, Kec. Padang
Utara, Kota Padang, Sumatera Barat.
Telp. (0751) 4488966, 4488988
Fax. (0751) 4488977
PP PADANG STKIP PGRI
Jl. Gunung Pangilun, Padang, Sumatera Barat.
Telp.-
Fax.KC BINJAI
Jl. Sukarno Hatta No. 22-23, Kel. Tanah Tinggi,
Kec. Binjai Timur, Kota Binjai, Sumatera Utara.
Telp. (061) 8826396
Fax. (061) 8826138
KCP STABAT
Jl. KH. Zainul Arifin No. 17-A, Stabat, Kab. Langkat,
Sumatera Utara.
Telp. (061) 8912631, 8912632
Fax. (061) 8912630
KCP PANGKALAN BRANDAN
Jl. Thamrin No. 57, Pangkalan Brandan, Kab.
Langkat, Sumatra Utara.
Telp. (0620) 322222
Fax. (0620) 322767
KCP KUALA
Jl. Lintas Binjai Kuala, Desa Pekan Kuala, Kec. Kuala,
Kab. Langkat, Sumatera Utara.
Telp. (061) 8931378, 8931379
Fax. (061) 8931380
KCP DISKI
Jl. Medan – Binjai Km. 12,5 No. 31, Diski Deli
Serdang, Desa Puji Mulio, Kec. Sunggal, Kab. Deli
Serdang, Sumatera Utara.
Telp. (061) 8447320
Fax. (061) 8447324
KC RANTAU PRAPAT
Jl. Imam Bonjol No. 22, Rantau Prapat, Sumatera
Utara.
Telp. (0624) 24880, 24205, 25278
Fax. (0624) 25278
KCP KOTA PINANG
Jl. Jenderal Sudirman No. 26 B, Kota Pinang,
Labuhan Batu, Sumatera Utara.
Telp. (0624) 496922, 496918
Fax. (0624) 496919
KCP AEK KANOPAN
Jl. Jend. Sudirman, Kel. Aek Kanopan Timur, Kec.
Kualuh Hulu, Kab. Labuhan Batu Utara, Sumatera
Utara.
Telp. (0624) 693340
Fax. (0624) 693540
KCP KAMPUNG PAJAK
Jl. Lintas Sumatera, Desa Kampung Pajak, Kec. NA
IX-X, Kab. Labuhan Batu Utara, Sumatera Utara.
Telp. (0624) 5741500, 5741511, 5741522
Fax. (0624) 5741533
Annual Report 2013
308
KCP SIGAMBAL
Jl. H. M. Said (Jl. Lintas Sumatera Sigambal), Kel.
Perdamaian, Kec. Rantau Selatan, Kab. Labuhan
Batu, Sumatera Utara.
Telp. (0624) 24829
Fax. (0624) 24210
KC BATAM
Komplek Graha Sulaeman Blok B No. 2,
Jl. Sultan Abdul Rahman, Lubuk Baja, Batam, Kep.
Riau.
Telp. (0778) 431331
Fax. (0778) 432727
KCP TANJUNG BALAI KARIMUN
Jl. Ahmad Yani No. 3-4, Karimun, Kep. Riau.
Telp. (0777) 327601, 327605
Fax. (0777) 327600
KCP BATAMINDO
Shophouse Blok F#01-29&30, Kawasan Industri
Batamindo, Batam, Kep. Riau.
Telp. (0770) 612044
Fax. (0770) 612303
KCP BATAM BATU AJI
Komplek Ruko Perumnas Fanindo Blok F No. 6,
Tanjung Uncang, Batu Aji, Batam, Kep. Riau.
Telp. (0778) 3581312, 3581314, 3581315
Fax. (0778) 3581313
KCP BATAM CENTER
Komplek Mahkota Raya Blok C No. 12, Batam, Kep.
Riau.
Telp. (0778) 7483291, 7483292
Fax. (0778) 7483236
KCP BATAM BENGKONG
Komplek Bengkong City No. 12, Kel. Batu Ampar,
Kec. Bengkong Kota, Kota Batam, Kep. Riau.
Telp. (0778) 423621
Fax. (0778) 424950
KCP BATAM BOTANIA GARDEN
Komplek Pertokoan Botania Garden Blok 12 No.
5-6, Kel. Belian, Kec. Batam Kota, Kota Batam, Kep.
Riau.
Telp. (0778) 7494460
Fax. (0778) 7494457
KCP POS BATAM
Kantor Pos Batam, Jl. Jenderal Sudirman No. 1,
Batam Centre, Kel. Teluk Kering, Kec. Batam Kota,
Kota Batam, Kep. Riau.
Telp.-
Fax.KK BATAM SEKUPANG
Gedung Terminal Ferry Internasional Sekupang
lantai dasar T10, Kota Batam, Kepulauan Riau.
Telp. (0778) 326012, 326013
Fax. (0778) 326032
KC BUKITTINGGI
Jl. Jenderal Sudirman No. 73, Bukittinggi,
Sumatera Barat.
Telp. (0752) 627633, 627635
Fax. (0752) 627637
PT Bank Syariah Mandiri
KCP PADANG PANJANG
Jl. Soekarno-Hatta No. 5C - 5D, Kota Padang
Panjang, Sumatera Barat.
Telp. (0752) 84591, 82992
Fax. (0752) 82993
KCP PANYABUNGAN
Jl. Willem Iskandar No. 115 B, Panyabungan,
Madina, Sumatera Utara.
Telp. (0636) 20232, 321500, 321616
Fax. (0636) 321617
KCP DUMAI SUKAJADI
Jl. Pangeran Diponegoro No. 182, Kel. Rimba
Sekampung, Kec. Dumai Barat, Kota Dumai, Riau.
Telp. (0765) 33440
Fax. (0765) 33415
KCP PASAMAN BARAT
Jl. Sudirman, Simpang Empat, Kab. Pasaman Barat,
Sumatera Barat.
Telp. (0753) 466778, 466779, 466780
Fax. (0753) 466777
KCP SIBUHUAN
Jl. Ki Hajar Dewantara, Lingkungan VI, Sibuhuan,
Padang Lawas, Sumatera Utara.
Telp. (0636) 421335 - 421337 Fax. (0636) 421786
KCP BAGAN SIAPIAPI
Jl. Mawar No. 1, Kel. Bagan Timur, Kec. Bangko, Kab.
Rokan Hilir, Riau.
Telp. (0767) 23022, 23030, 23040
Fax. (0767) 23044
KCP LUBUK BASUNG
Jl. Gajah Mada, Cubadak, Kel. Balai Ahad, Kec.
Lubuk Basung, Kab. Agam, Sumatera Barat.
Telp. (0752) 66466
Fax. (0752) 66464
KCP GUNUNG TUA
Jl. Sisingamangaraja No. 234, Kel. Pasar Baru Gunung Tua, Kec. Padang Bolak, Kab. Padang Lawas
Utara, Sumatera Utara.
Telp. (0635) 510919
Fax. (0635) 515920
PP DUMAI PERTAMINA UP II
Kompl. Perumahan Pertamina UP II
Jl. Cilacap, Bukit Datuk , Riau.
Telp. (0765) 7011589 Fax.-
KCP LUBUK SIKAPING
Komplek Ruko Lubuk Sikaping, Jl. Jend. Sudirman
No. 19-20, Lubuk Sikaping, Sumatera Barat.
Telp. (0753) 321653
Fax. (0753) 321651
KCP BUKITTINGGI PASAR AUR
Jl. Raya By Pass Pasar Kuning No. 4-5, Bukittinggi,
Sumatera Barat.
Telp. (0752) 33842, 33843, 33844
Fax. (0752) 33845
KCP BATUSANGKAR
Jl. Soekarno-Hatta No. 13, Kel. Sigarunggung Pasar
Batusangkar, Kec. Lima Kaum, Kab. Tanah Datar,
Sumatera Barat.
Telp. (0752) 72500
Fax. (0752) 72501
KCP SAWAHLUNTO
Ruko Simpang III Blok C 2-3, Kel. Muaro Kalaban,
Kec. Silungkang, Kota Sawahlunto, Sumatera
Barat.
Telp. (0755) 91747, 91748
Fax. (0755) 91749
PP PADANG PANJANG ISI
Jl. Bundo Kanduang No. 35 RT/RW VII, Kel. Guguk
Malintang, Padang Panjang Timur, Padang Panjang,
Sumatera Barat. Telp.-
Fax.PP BATUSANGKAR STAIN
Jl. Sudirman No. 137, Kel. Kubu Rajo, Batusangkar,
Sumatera Barat. Telp.-
Fax.PP PEMDA SAWAHLUNTO
Pemda Kota Sawahlunto, Jl. Soekarno Hatta No. 3,
Kota Sawahlunto, Sumatera Barat.
Telp.-
Fax.KC PADANGSIDEMPUAN
Jl. Sudirman No. 130 A, Kel. Wek I,
Kec. Padangsidempuan Utara, Kota
Padangsidempuan, Sumatera Utara.
Telp. (0634) 28200
Fax. (0634) 28103
PT Bank Syariah Mandiri
KCP SIPIROK
Jl. Merdeka No.95, Kel. Sipirok Godang, Kec. Sipirok,
Kab. Tapanuli Selatan, Sumatera Utara.
Telp. (0634) 41520
Fax. (0634) 41560
KCP BATANG TORU
Jl. Merdeka No. 47, Kel. Wek II, Kec. Batang Toru,
Kab. Tapanuli Selatan, Sumatera Utara.
Telp. (0634) 370200
Fax. (0634) 370069
KK PADANGSIDEMPUAN SUDIRMAN
Jl. Sudirman Ex Merdeka No. 479C, Sadabuan,
Padangsidempuan, Sumatera Utara.
Telp. (0634) 28500
Fax. (0634) 21389
PP PADANGSIDEMPUAN STAIN
STAIN Padangsidempuan, Jl. Imam Bonjol Km. 4,5,
Padangsidempuan, Sumatera Utara.
Telp.-
Fax.PP UNIVERSITAS MUHAMMADIYAH TAPANULI
SELATAN
UMTS, Jl. St. Moh. Arif No. 32, Tapanuli Selatan,
Sumatera Utara.
Telp.-
Fax.KC DUMAI
Jl. Jenderal Sudirman No. 162, Dumai, Riau.
Telp. (0765) 33555
Fax. (0765) 32379
KCP BAGAN BATU
Jl. Jend. Sudirman No. 649, Bagan Batu, Kab. Rokan
Hilir, Riau.
Telp. (0765) 51890 - 51891 (Hunting)
Fax. (0765) 51893
KCP BENGKALIS
Jl. Hangtuah No 35, Kab. Bengkalis, Riau.
Telp. (0766) 24787
Fax. (0766) 24788
KCP UJUNG TANJUNG
Jl. Ujung Tanjung - Bagansiapi-api No. 69, Kel. Ujung
Tanjung, Kec. Tanah Putih, Kota Rokan Hilir, Riau.
Telp. (0765) 7020550
Fax. (0765) 7020551
309
Annual Report 2013
PP DUMAI RSUD
Rumah Sakit Umum Daerah, Jl. Sultan Syarif Kasim,
Dumai.
Telp. (0765) 443369
Fax. (0765) 443370
KC PEMATANGSIANTAR
Jl. Perintis Kemerdekaan No. 1, Pematangsiantar,
Sumatera Utara.
Telp. (0622) 435858, 435857, 435861
Fax. (0622) 435848
KCP SIMALUNGUN PERDAGANGAN
Jl. Sisingamaraja, Perdagangan, Kab. Simalungun,
Sumatera Utara.
Telp. (0622) 697777
Fax. (0622) 697177
KCP KISARAN
Jl. Imam Bonjol No. 195, Kel. Kisaran Timur, Kec.
Kota Kisaran Timur, Kab. Asahan, Sumatera Utara.
Telp. (0623) 348500, 348501
Fax. (0623) 348502
KCP TANJUNG BALAI
Jl. HOS Cokroaminoto No.35 DE, Tanjung Balai,
Sumatera Utara.
Telp. (0623) 597373
Fax. (0623) 596933
KCP TEBING TINGGI
Jl. A Yani No. 141, Kodya Tebing Tinggi, Sumatera
Utara.
Telp. (0621) 328125, 328126
Fax. (0621) 328127
KCP INDRAPURA
Jl. Jenderal Sudirman, Indrapura, Kab. Batubara,
Sumatera Utara.
Telp. (0622) 646169, 646069
Fax. (0622) 646059
KK BATUBARA
Jl. Merdeka No. 69, Tanjung Tiram, Kab. Batu Bara,
Sumatera Utara.
Telp. (0623) 451400 Fax. (0623) 451600
PP SIMALUNGUN BRIDGESTONE
Komplek PT. Bridgestone Sumatera Rubber Estate,
Dolok Merangir, Pos Serbalawan, Kab. Simalungun,
Sumatera Utara.
Telp. (0622) 64118
Fax. (0622) 64227
COMPANY
DATA
KC LANGSA
Jl. Ahmad Yani No. 20-22, Kel. Gampong Jawa,
Kec. Langsa Kota Langsa, Aceh.
Telp. (0641) 426135, 21357, 426451
Fax. (0641) 426051
KK KIJANG
Jl. Hang Jebat No. 4, Kel. Kijang, Kec. Bintan Timur,
Kab. Bintan, Kep. Riau.
Telp. (0771) 462700
Fax. (0771) 462900
KCP MEDAN AH. NASUTION
Jl. Pintu Air I No. 9-B, Kel. Kwala Bekala, Kec. Medan
Johor, Kota Medan, Sumatera Utara.
Telp. (061) 8225288
Fax. (061) 8224288
KCP PASAR LANGSA
Jl. Teuku Umar No. 61, Kota Langsa, Aceh.
Telp. (0641) 22035, 23804
Fax. (0641) 23913
KK JEMAJA
Jl. Merdeka, Kel. Letung, Kec. Jemaja, Kab. Anambas,
Kep. Riau.
Telp.-
Fax.-
KCP MEDAN USU
Kampus USU, Jl. Letnan Jend. Jamin Ginting
Simpang No. 10, Kel. Merdeka, Kec. Medan Baru,
Kota Medan, Sumatera Utara. Telp. (061) 8226363
Fax. (061) 8224747
KCP KUALA SIMPANG
Jl. Cut Nyak Dien No. 3-4, Kampung Kota Lintang,
Kec. Kota Kuala Simpang, Kab. Aceh Tamiang,
Aceh.
Telp. (0641) 31322, 31959
Fax. (0641) 31433
KCP POS LANGSA
Kantor Pos Cabang Langsa,
Jl. Ahmad Yani 29/56d, Kel. Gampong Jawa, Kec.
Langsa, Kota Langsa, Aceh.
Telp. (0641) 424500
Fax. (0641) 21900
PP LANGSA MADRASAH ULUMUL QUR’AN
Madrasah Ulumul Quran Jl. Banda Aceh-Medan
Km. 447, Kota Langsa, Aceh.
Telp. (0641) 7014766
Fax.PP LANGSA STAIN ZAWIYAH COT KALA
Gedung Rektorat STAIN Zawiyah Cot Kala Langsa,
Jl. Meurandeh, Kec. Langsa Lama, Kota Langsa,
Aceh.
Telp. (0641) 23129
Fax. (0641) 23129
KC TANJUNG PINANG
Jl. Basuki Rahmat No. 1-3, Kel. Tanjungpinang
Timur, Kec. Bukit Bestari, Kota Tanjungpinang, Kep.
Riau.
Telp. (0771) 313788
Fax. (0771) 313995
KCP TANJUNG UBAN
Jl. Permaisuri Rt 001/007, Tanjung Uban, Bintan
Utara, Bintan, Kep. Riau.
Telp. (0771) 482624
Fax. (0771) 482929
KCP NATUNA
Jl. Soekarno Hatta, Kel. Ranai Kota, Kec. Bunguran
Timur, Kab. Natuna, Kepulauan Riau.
Telp. (0773) 31299
Fax. (0773) 31469
PP RSUD KEPULAUAN RIAU
RSUD Kep. Riau Tanjung Uban, Jl. Permaisuri,
Tanjung Uban, Kab. Bintan, Kep. Riau.
Telp.-
Fax.KC DURI
Jl. Hang Tuah, Duri, Kab Bengkalis, Riau.
Telp. (0765) 598990
Fax. (0765) 598993
KCP FLAMBOYAN
Pasar Flamboyan, Jl. Raya Tapung - Petapahan
No. 54, Kel/Desa Tanjung Sawit, Kec. Tapung, Kab.
Kampar, Riau.
Telp. (0761) 7770133, 4878484
Fax. (0761) 7770144
KK DURI CPI
“Area Camp PT. Chevron Pacific Indonesia (CPI),
Duri, Kab. Bengkalis, Riau.“
Telp. (0765) 826303 Fax. (0765) 999038
KC MEDAN GAJAH MADA
Jl. Gajah Mada No. 7, Kel. Petisah Hulu, Kec.
Medan Baru, Kota Medan. Sumatera Utara.
Telp. (061) 4550755
Fax. (061) 4550766, 4537627
KCP MEDAN RINGROAD
Jl. Ringroad No. A15-A17, Kel. Tanjung Rejo, Kec.
Medan Sunggal, Kota Medan, Sumatera Utara.
Telp. (061) 8456006
Fax. (061) 8456004
KK MEDAN PANCA BUDI
Perguruan Panca Budi , d.a. Toserba PADI, Gedung
G, Jl. Gatot Subroto Km. 4,5, Kel. Simpang Tanjung,
Kec. Medan Sunggal, Kota Medan, Sumatera
Utara.
Telp. (061) 80025557
Fax. (061) 80025558
KCP BINTAN CENTER
Jl. D.I. Panjaitan Km. 9 No. 1-2, Bintan Center,
Tanjung Pinang, Kep. Riau.
Telp. (0771) 442222
Fax. (0771) 442299
PP MEDAN AL AZHAR
Yayasan Hajjah Rachmah Nasution (YHRN), Jl. Pintu
Air No. 124 Kwala Bekala - Padang Bulan, Kota
Medan, Sumatera utara.
Telp.-
Fax.-
KCP ANAMBAS
Jl. Imam Bonjol No. 1, Tarempa, Kab. Kepulauan
Anambas, Kep. Riau.
Telp. (0772) 31315
Fax. (0772) 31554
KC MEDAN KAMPUNG BARU
Jl. Brigjen Katamso No. 717 B, Medan, Sumatera
Utara.
Telp. (061) 7878383
Fax. (061) 7872323
Annual Report 2013
310
KCP MEDAN SIMPANG LIMUN
Jl. Sisingamangaraja No. 51-B, Medan, Sumatera
Utara.
Telp. (061) 7866464, 7864455, 7868555,
7866611
Fax. (061) 7873555
KCP MEDAN AMPLAS
Jl. Sisingamangaraja Km. 5,5 No. 20 B-C, Kel.
Harjosari I, Kec. Medan Amplas, Kota Medan,
Sumatera Utara.
Telp. (061) 7870693
Fax. (061) 7870794
KCP MEDAN PADANG BULAN
Komplek Delta No. 3 dan 4, Jl. Letjend Jamin
Ginting, Padang Bulan Km. 8,5, Kel. Mangga, Kec.
Medan Tuntungan, Kota Medan, Sumatera Utara.
Telp. (061) 8363825
Fax. (061) 8363791
PP MEDAN STMIK TRIGUNA DHARMAJl. AH.
Nasution No. 73, Kel. Kwala Bekala, Kec. Medan
Johor, Kota Medan, Sumatera Utara.
Telp.-
Fax.PP MEDAN UISU
Kampus Universitas Islam Sumatera Utara Jl.
Sisingamaraja - Teladan, Medan, Sumatera Utara.
Telp. (061) 7883683
Fax. (061) 7883683
KC SIBOLGA
Jl. Sutoyo Siswomiharjo No. 22, Sibolga Utara,
Sibolga, Sumatera Utara.
Telp. (0631) 24555
Fax. (0631) 26722
KC LUBUK PAKAM
Jl. Diponegoro No. 45-46 Pasar I, Kel. Lubuk
Pakam, Kec. Lubuk Pakam, Kab. Deli Serdang,
Sumatera Utara.
Telp. (061) 7950417
Fax. (061) 7950419
KCP PERBAUNGAN
Jl. Serdang No. 35, Kel. Simpang Tiga Pekan, Kec.
Perbaungan, Kab. Serdang Bedagai, Sumatera
Utara.
Telp. (061) 7990999
Fax. (061) 7990444
KCP SEI RAMPAH
Komplek Asia Bisnis Center No. 88-BD dan 86-BE, Jl.
Sudirman, Kec. Sei Rampah, Kab. Serdang Bedagai,
Sumatera Utara.
Telp. (0621) 442188, 442138
Fax. (0621) 442177
PT Bank Syariah Mandiri
KC LHOKSEUMAWE
Jl. Merdeka No. 24-25, Desa Simpang Empat, Kec.
Banda Sakti, Kotif Lhokseumawe, Aceh.
Telp. (0645) 631146, 631147, 631148
Fax. (0645) 41555
KCP SOREK
Jl. Lintas Timur no. 196, RT 02 RW 03, Kel. Sorek
Satu, Kec. Pangkalan Kuras, Kab. Pelalawan, Riau.
Telp. (0761) 492466
Fax. (0761) 492266
KCP JAKARTA TENDEAN
Jl. Piere Tendean No. 22A, Kel. Pela Mampang, Kec.
Mampang Prapatan, Jakarta Selatan.
Telp. (021) 71794640
Fax. (021) 7197820
KCP BIREUEUN
Jl. Iskandar Muda No. 8, Bireueun, Aceh.
Telp. (0644) 323002
Fax. (0644) 323004
PP SURYA BRATASENA
Kantor Operasional PT Surya Bratasena Plantation,
Desa Sorek, Kec. Pangkalan Kuras, Kab. Pelalawan,
Riau.
Telp.-
Fax.-
KK JAKARTA AL AZHAR KEBAYORAN
Komplek Masjid Agung Al Azhar, Jl. Sisingamaraja
Kebayoran Baru, Jakarta Selatan.
Telp. (021) 72790244
Fax. (021) 72790381
KCP TAKENGON
Jl. Sengeda No. 100-101, Kel. Kala Kemili, Kec.
Bebesan, Kab. Aceh Tengah, Aceh.
Telp. (0643) 24682, 24684
Fax. (0643) 24681
KCP PANTON LABU
Jl. T. Hamzah Bendahara No. 140-141, Kec. Tanah
Jambo Aye, Kota Panton Labu, Aceh Utara, Aceh .
Telp. (0645) 91562, 91563, 91564
Fax. (0645) 91061
PP BATUPHAT
Komplek Perum Arun NGL, Jl. Pangkalan Susu, Desa
Batuphat, Kec. Muara Dua, Kota Lhokseumawe,
Aceh.
Telp. (0645) 653115
Fax.KC PAYAKUMBUH
Jl. Ade Irma Suryani No. 3 D-E, Payakumbuh,
Sumatera Barat.
Telp. (0752) 796640, 796641
Fax. (0752) 93167
KCP PANGKALAN
Jl. Pasar Baru Pangkalan, Kenagarian Pangkalan,
Kec. Pangkalan Kota Baru, Kab. Lima Puluh Kota,
Sumatera Barat.
Telp. (0752) 55554, 55555, 55556
Fax. (0752) 55557
KK TANJUNG PATI
Jl. Raya Negara Km. 8, Jorong Sarilamak, Kenagarian
Sarilamak, Kec. Harau, Kab. Lima Puluh Kota,
Sumatera Barat.
Telp. (0752) 7754232
Fax. (0752) 7754055
KC PEKANBARU HARAPAN RAYA
Jl. Haji Imam Munandar No. 8, Kel. Tangkerang
Utara, Kec. Bukit Raya, Kota Pekanbaru, Riau.
Telp. (0761) 862222
Fax. (0761) 849799
KCP SELAT PANJANG
Jl. Imam Bonjol No. 88, Kel. Selat Panjang Barat, Kec.
Tebing Tinggi, Kab. Kepulauan Meranti (dh. Kab.
Bengkalis), Riau.
Telp. (0763) 31173
Fax. (0763) 31146
KCP PEKANBARU RIAU
Jl. Riau No. 85 A-B, Kel. Padang Terubuk, Kec.
Senapelan, Kota Pekanbaru, Riau.
Telp. (0761) 861103
Fax. (0761) 861105
PT Bank Syariah Mandiri
KC KABANJAHE
Komplek Raja Lahir Munte Blok E No. 1-2, Jl.
Selamat Ketaren, Kel. Gung Leto, Kec. Kabanjahe,
Kab. Karo, Sumatera Utara.
Telp. (0628) 21999
Fax. (0628) 21859
PP DINAS KESEHATAN KAB. KARO
Kadinkes Kab. Karo, Jl. Selamat Ketaren No. 9, Kec.
Kabanjahe, Kab. Karo, Sumatera Utara.
Telp.-
Fax.KC MEDAN AKSARA
Jl. Letda Sujono No. 110, Kel. Medan Estate, Kec.
Percut Sei Tuan, Kab. Deli Serdang, Sumatera
Utara.
Telp. (061) 7325939, 7325957 Fax. (061) 7332936
REGION II
KC JAKARTA HASANUDIN
Jl. S. Hasanudin No. 57, Jakarta Selatan.
Telp. (021) 2701515, 2701505
Fax. (021) 7220362
KCP JAKARTA FATMAWATI
Jl. RS Fatmawati No. 27 B, Jakarta Selatan.
Telp. (021) 75903336
Fax. (021) 75903362
KCP JAKARTA WOLTERMONGINSIDI
Jl. Woltermonginsidi No. 67 A, Jakarta Selatan.
Telp. (021) 7226063, 7226067, 7226068
Fax. (021) 7223044
KCP JAKARTA PANGLIMA POLIM
Jl. RS Fatmawati No. 127 Blok A-8, Kebayoran baru,
Jakarta Selatan.
Telp. (021) 2700568, 2700569, 2700570
Fax. (021) 7203610
KCP JAKARTA EQUITY TOWER
Ground Floor Unit B1, Gd. Equity Tower Kawasan
Sudirman Central Business District (SCBD), Kec.
Kebayoran Baru, Jakarta Selatan.
Telp. (021) 5150577, 5153675, 5153437, 5153458
Fax. (021) 5153549
KCP JAKARTA BARITO
Jl. Barito No. 11 A, RT 08/05, Kel. Kramat Pela, Kec.
Kebayoran Baru, Jakarta Selatan.
Telp. (021) 7222754, 7222753
Fax. (021) 7222613, 7228353
311
Annual Report 2013
PP JAKARTA PENGADILAN AGAMA
Jl. K.H. Mas Mansyur/Jl. H. Awaluddin II/2, Tanah
Abang, Jakarta Pusat.
Telp. (021) 327910
Fax.PP JAKARTA RS SETIA MITRA
Jl. RS. Fatmawati No. 80-82, Jakarta Selatan.
Telp. (021) 327910
Fax.PP JAKARTA RS ISLAM PONDOK KOPI
RS Islam Jakarta Pondok Kopi, Jl. Nusa Indah Raya 75,
Pondok Kopi, Jakarta Timur.
Telp.-
Fax.PP JAKARTA YAPIMDA
Yayasan Yapimda, Jl. Poltangan III No. 97, Pasar
Minggu, Jakarta Selatan.
Telp.-
Fax.KC JAKARTA MAYESTIK
Jl. Kyai Madja Blok D/1 Persil No. 2, RT 004 RW 01 No.
7, Kramat Pela, Kebayoran Baru, Jakarta Selatan.
Telp. (021) 7202451, 7202728, 7202509, 7394952
Fax. (021) 7220822
KCP JAKARTA PALMERAH
Jl. Palmerah Barat No. 32 B, Kebayoran Lama, Jakarta
Selatan.
Telp. (021) 5356423, 5356601
Fax. (021) 5356757
KCP JAKARTA RADIO DALAM
Jl. Radio Dalam Raya No. 61, Kavling DD-EE RT. 001
RW. 01, Gandaria Utara, Kebayoran Utara, Jakarta
Selatan.
Telp. (021) 72799673, 7246247
Fax. (021) 7223079
KCP JAKARTA S. PARMAN
Gedung Graha GRC Board, Jl. Letjen S. Parman Kav.64,
Kel. Slipi, Kec. Palmerah, Jakarta Barat.
Telp. (021) 5362107, 5328637, 5493391
Fax. (021) 5362108
KCP JAKARTA SULTAN ISKANDAR MUDA
Jl. Arteri No. 99-D RT 005 RW 06, Kel. Kebayoran Lama
Utara, Kec. Kebayoran Lama, Jakarta Selatan.
Telp. (021) 7238356, 7238357
Fax. (021) 7238358
KCP JAKARTA SIMPRUG
Komp. Grand ITC Permata Hijau Blok Emerald Persil
No. 13, Jl. Arteri Permata Hijau, Kel. Grogol Utara, Kec.
Kebayoran Baru, Jakarta Selatan.
Telp. (021) 53663393, 5363883
Fax. (021) 53663336
COMPANY
DATA
KLS JAKARTA GD. PUSAT KEHUTANAN
Kantor Cabang Bank Mandiri Wisma Manggala
Wanabhakti, Jl. Jend. Gatot Subroto, Jakarta Pusat.
Telp. (021) 5731933
Fax. (021) 5731933
PB JAKARTA PONDOK INDAH Komp. Ruko Pondok Indah Kav. II No.11, Blok UA
Jl.Taman Duta I Sektor II, Jakarta Selatan.
Telp. (021) 75920025
Fax. (021) 75920024
KCP BEKASI TIMUR
Ruko Kalimas Blok C-5-6, Jl. Chairil Anwar, Bekasi, Jawa
Barat.
Telp. (021) 70214078, 88353689, 8803805
Fax. (021) 8804147
KC JAKARTA WARUNG BUNCIT
Gedung Fortune Lt. Dasar Jl. Mampang Prapatan
No. 96 Jakarta Selatan.
Telp. (021) 7989007, 7989009
Fax. (021) 7989006
KCP DEPOK CINERE
Jl. Cinere Raya Blok A No. 38, Limo, Kota Depok, Jawa
Barat.
Telp. (021) 7548031
Fax. (021) 7548032
KCP BEKASI TAMBUN
Jl. Sultan Hasanuddin No. 1, Depan Koramil Tambun
Selatan, Tambun, Bekasi, Jawa Barat.
Telp. (021) 88377632, 88377633, 88373097
Fax. (021) 88327079
KCP JAKARTA KEMANG
Jl. Kemang Raya No. 82, Bangka, Mampang Prapatan,
Jakarta Selatan.
Telp. (021) 7193437, 7193439, 7193452, 7197050
Fax. (021) 7197443
KCP TANGERANG PAMULANG
Jl. Raya Pamulang Blok SH 21 No. 17-18, Kel. Pamulang
Barat, Kec. Pamulang, Kota Tangerang Selatan,
Banten.
Telp. (021) 74701759, 7443301, 7443303
Fax. (021) 7498348
KCP BEKASI KEMANG PRATAMA
Jl. Raya Kemang Pratama Blok AN No. 1B, Bekasi, Jawa
Barat.
Telp. (021) 82405246, 82432974
Fax. (021) 8202884
KCP JAKARTA CIRACAS
Jl. Lapangan Tembak No. 1 Rt. 005/02, Cibubur,
Ciracas, Jakarta Timur.
Telp. (021) 8704204, 8704164, 87710061
Fax. (021) 87709405
KCP JAKARTA KRAMAT JATI
Pasar Induk Kramat Jati Blok D1 No. 20-21, Jl. Raya
Bogor KM. 17, Jakarta Timur. Telp. (021) 87798765, 87795502, 87795516,
87795545
Fax. (021) 87795451
KCP JAKARTA CILANDAK
Komplek Ruko Haji Madali Jl. Cilandak KKO No. 5E,
Cilandak, Ragunan, Jakarta Selatan.
Telp. (021) 7829780
Fax. (021) 78832136
KCP TANGERANG CIRENDEU
Jl. Cirendeu Raya No. 29 E, Cirendeu, Ciputat,
Tangerang Selatan, Banten.
Telp. (021) 74713525, 74714033, 74713537
Fax. (021) 7490208
KCP JAKARTA PS. REBO
Komplek Mutiara Faza, Jl. Raya Condet, RT 007/01, Kel.
Gedong, Kec. Pasar Rebo, Jakarta Timur.
Telp. (021) 87792471, 87792605, 87792414,
87780053, 8408691
Fax. (021) 8412758
KCP JAKARTA PONDOK LABU
Graha Fatmawati, Jl. RS. Fatmawati Blok A No. 1D RT
005/09, Kel. Cilandak Barat, Kec. Cilandak, Jakarta
Selatan.
Telp. (021) 7694434, 75903246, 75910378
Fax. (021) 7502981
KCP JAKARTA PEJATEN RAYA
Gedung Buncit 36, Jl. Warung Buncit Raya No. 36, Kel.
Ragunan, Kec. Pasar Minggu, Jakarta Selatan.
Telp. (021) 78848377
Fax. (021) 78848415
KCP TANGERANG PONDOK CABE
Ruko Pondok Cabe Mutiara Blok B-6, Jl. Mohd. Toha,
Kel. Pondok Cabe Udik, Kec. Pamulang, Tangerang
Selatan, Banten.
Telp. (021) 7415281, 7415282, 7415283
Fax. (021) 74700201
KCP MITRA MANDIRI ANEKA TAMBANG
Bank Mandiri KCP Gedung Antam, Gedung Aneka
Tambang, Jl. Letjen TB. Simatupang No. 1, Lingkar
Selatan, Tanjung Barat, Jakarta Selatan.
Telp.-
Fax.KK JAKARTA PLAZA MANDIRI
Plaza Mandiri - L 1, Jl. Jend. Gatot Subroto Kav 36-38,
Jakarta Selatan.
Telp. (021) 5263466, 5263688
Fax. (021) 5263566
KLS JAKARTA DEPTAN
Kantor Pusat Departemen Pertanian, Gedung B,
lantai Dasar, Jl. Harsono RM. No. 3, Ragunan, Jakarta
Selatan.
Telp. (021) 7801892
Fax. (021) 7801863
KC JAKARTA PONDOK INDAH
Komp. Ruko Pondok Indah Kav. II No.11 Blok UA,
Jl.Taman Duta I Sektor II, Jakarta Selatan.
Telp. (021) 7662029, 7662030
Fax. (021) 7662028, 7665391
KCP JAKARTA PONDOK PINANG
Jl. Ciputat Raya No. 56 B, Pondok Pinang, Kebayoran
Lama, Jakarta Selatan.
Telp. (021) 75818970
Fax. (021) 75902177
KC BEKASI
Komplek Pertokoan Kalimalang Comm Center, Jl. A
Yani A5 No. 6-7, Bekasi, Jawa Barat.
Telp. (021) 8853990, 8856368, 8840355, 8853991,
88855418
Fax. (021) 8856406
KCP KARAWANG
Jl. Tuparev No. 266, Kel. Nagasari, Kec. Karawang Barat,
Kab. Karawang, Jawa Barat.
Telp. (0267) 402720, 418451, 418452
Fax. (0267) 402070
KCP CIKAMPEK
Jl. A Yani No. 5, Cikampek Kota, Karawang, Jawa
Barat.
Telp. (0264) 8385152 , 8385153, 8385154 Fax. (0264) 8385227
Annual Report 2013
312
KCP CIKARANG JABABEKA
Ruko Metro Boulevard Blok A 1-2, Jl. Niaga Raya
Jababeka II, Cikarang, Kab. Bekasi, Jawa Barat.
Telp. (021) 89842324, 89842325, 89842326
Fax. (021) 89840499
KCP BEKASI KALIMALANG
Komp. Ruko Plaza Duta Permai Blok B II No. 1-2, Jl.
Raya Kalimalang KH. Noer Ali, Bekasi, Jawa Barat.
Telp. (021) 8842886, 88853101
Fax. (021) 8842355
KCP BEKASI HARAPAN INDAH
Ruko Boulevard Hijau Raya Blok SN. 1 No. 21-22, Kel.
Pejuang, Kec. Medan Satria, Bekasi, Jawa Barat.
Telp. (021) 88865555, 88865929
Fax. (021) 88865666
KCP BEKASI GRAND MALL
Rusun Hunian dan Non Hunian, Lt. Dasar 1, II/Blok B
No. 57, Grand Mall B, Jl. Jend. Sudirman, Kel. Harapan
Mulya, Kec. Bekasi Selatan, Kota Bekasi, Jawa Barat.
Telp. (021) 88850033, 88851607, 88851624
Fax. (021) 88853388
KCP POS BEKASI
Kantor Pos Bekasi, Jl. Lapangan Multiguna No. 7,
Kel. Margahayu, Kec. Bekasi Timur, Kab. Bekasi, Jawa
Barat.
Telp.-
Fax.KC JAKARTA THAMRIN
Jl. M. H. Thamrin No. 5, Jakarta Pusat.
Telp. (021) 2300509, 39839000
Fax. (021) 39832939
KCP JAKARTA TANAH ABANG
Komplek Tanah Abang Bukit, Blok F/4, Jl. KH.
Fachruddin, Jakarta Pusat.
Telp. (021) 3917747, 3923030 Fax. (021) 3918004
KCP JAKARTA PASAR BARU
Jl. Pintu Air No. 7 Blok A1, Pasar Baru, Jakarta Pusat.
Telp. (021) 3442371
Fax. (021) 3442370
KCP JAKARTA CIKINI
Jl. Cikini Raya No. 69-71, Cikini, Menteng, Jakarta
Pusat.
Telp. (021) 31901900
Fax. (021) 31902900
PT Bank Syariah Mandiri
KCP JAKARTA WAHID HASYIM
Jl. KH. Wahid Hasyim No. 141 A. Kel. Kebon Kacang,
Kec. Tanah Abang, Jakarta Pusat.
Telp. (021) 3161305
Fax. (021) 3161304, 3905506
KCP JAKARTA CIDENG
Jl. Cideng Timur No. 86B, Kel. Petojo Utara, Kec.
Gambir, Jakarta Pusat.
Telp. (021) 3860102 Fax. (021) 3863688, 3863689
KCP BOGOR MERDEKA
Jl. Merdeka No. 63, Bogor, Jawa Barat.
Telp. (0251) 8386570, 8386571
Fax. (0251) 8362312
KCP BOGOR JALAN BARU
Jl. KH. Sholeh Iskandar No. 77 A-B, Bogor, Jawa
Barat.
Telp. (0251) 8377218 Fax. (0251) 8377321
KCP JAKARTA MENTENG
Jl. Blora No. 34-35, Kec. Menteng, Jakarta Pusat.
Telp. (021) 3900056 Fax. (021) 31906185
KCP BOGOR POMAD
Jl. Raya Bogor No. 323, Simpang Pomad, Ciparigi,
Bogor Utara, Bogor, Jawa Barat.
Telp. (0251) 8660655, 8660677
Fax. (0251) 8660776
KCP POS JAKARTA PUSAT
Jl. Lapangan Banteng Utara No. 1, Kel. Pasar Baru, Kec.
Sawah Besar, Jakarta Pusat.
Telp. (021) 3447926
Fax.-
KCP BOGOR SUDIRMAN
Jl. Jend. Sudirman No. 37, Kel. Sempur, Kec. Bogor
Tengah, Kota Bogor, Jawa Barat.
Telp. (0251) 8348065
Fax. (0251) 8348139
KCP MITRA MANDIRI PASAR BARU
Bank Mandiri KC Jakarta Pasar Baru, Jl. KH. Samanhudi
No. 2 AB, Kel. Pasar Baru, Kec. Sawah Besar, Jakarta
Pusat.
Telp.-
Fax.-
KCP POS BOGOR
Kantor Pos Bogor, Jl. Ir. H. Djuanda No. 5, Kel.
Paledang, Kec. Bogor Tengah, Kota Bogor, Jawa
Barat.
Telp. (0251) 8347800
Fax. (0251) 8347688
KK JAKARTA INDOSAT
Gedung Indosat, Jl. Medan Merdeka Barat No. 21,
Jakarta Pusat.
Telp. (021) 3519140, 3869969
Fax. (021) 3519141
KK BOGOR WARUNG JAMBU
Jl. KS. Tubun No. 5A, Kel. Cibuluh, Kec. Bogor Utara,
Kota Bogor, Jawa Barat.
Telp. (0251) 8343588
Fax. (0251) 8386928
KK JAKARTA DEPARTEMEN AGAMA
Gedung Departemen Agama, Jl. Lapangan Banteng
No. 3-4, Jakarta Pusat.
Telp. (021) 3441235
Fax. (021) 3441231
KC TANGERANG
Ruko Business Park Tangerang City Blok A No. 12, Jl.
Jend. Sudirman, Tangerang, Banten
Telp. (021) 55781230, 55781231, 55781232
Fax. (021) 55781233
KK JAKARTA GRAHA MANDIRI
Gedung Graha Mandiri Lantai 1, Jl. Imam Bonjol No.
61, Kec. Menteng, Jakarta Pusat.
Telp. (021) 2301735
Fax. (021) 2301508
KCP TANGERANG MALABAR
Jl. Borobudur Raya M 16-17, Bencongan, Kelapa Dua,
Tangerang, Banten.
Telp. (021) 55655016, 55655017, 55655012
Fax. (021) 5910544
PP JAKARTA BANK INDONESIA
Komplek Bank Indonesia, Gedung Kebon Sirih Lantai
3, Jakarta Pusat.
Telp.-
Fax.-
KCP TANGERANG CIKUPA
Jl. Raya Serang Km. 14,8, Blok B No. 7, Cikupa,
Tangerang, Banten.
Telp. (021) 5963633, 5963634
Fax. (021) 5963635
KC BOGOR
Jl. Pajajaran No. 31, Kel. Babakan, Kec. Bogor
Tengah, Kota Bogor, Jawa Barat.
Telp. (0251) 8350562, 8350563, 8350564
Fax. (0251) 8350565
KCP TANGERANG CIMONE
Jl. Merdeka No. 308 Cimone, Tangerang, Banten.
Telp. (021) 5580754, 5580711
Fax. (021) 5580807
KCP BOGOR TAJUR
Jl. Raya Tajur No. 77A, Tajur, Bogor, Jawa Barat.
Telp. (0251) 8312169, 8393260, 8323932
Fax. (0251) 8320472
KCP BOGOR DRAMAGA
Jl. Perwira No. 151, Dramaga, Bogor, Jawa Barat.
Telp. (0251) 8423026, 8628322
Fax. (0251) 8423027
PT Bank Syariah Mandiri
KCP TANGERANG BALARAJA
Komplek Ruko Indah Mas No. 1, Jl. Raya Serang KM.
24, Balaraja, Tangerang, Banten.
Telp. (021) 5950124
Fax. (021) 5950123
KCP TANGERANG PERIUK
Ruko Global Mansion Blok RA No. 1-2, Jl. Moch. Toha
No. 89, Kel. Periuk, Kec. Periuk, Kota Tangerang,
Banten.
Telp. (021) 55799710
Fax. (021) 55794144
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KCP TANGERANG CIPONDOH
Jl. Kyai Haji Hasyim Ashari No. 68 A-B, Kel. Poris Plawad
Indah, Kec. Cipondoh, Kota Tangerang, Banten.
Telp. (021) 55701905, 55701902
Fax. (021) 55701904
KCP TANGERANG KARAWACI
Jl. Dayung Raya No. 35 A & B, Kel. Kelapa Dua, Kec.
Kelapa Dua, Kab. Tangerang, Banten.
Telp. (021) 5464694
Fax. (021) 5464687
KCP POS TANGERANG
Kantor Pos Tangerang, Jl. Daan Mogot No. 11,
Sukarasa, Kota Tangerang, Banten.
Telp.-
Fax.KLS TANGERANG RS. AWAL BROS
RS. Awal Bros Jl. MH. Thamrin No. 3, Tangerang,
Banten.
Telp. (021) 55781523, 55780888 ext 1950
Fax. (021) 55781523
KC CILEGONJl. Sultan Ageng Tirtayasa No. 115 A,
Cilegon, Banten.
Telp. (0254) 399444, 375648
Fax. (0254) 375645
KCP LEBAK BANTEN
Jl. Alun-Alun Barat No. 1 Lebak, Banten.
Telp. (0252) 5285411, 5285412 Fax. (0252) 5285413
KCP LABUAN
Jl. Jend. Sudirman No. 41, Labuan, Pandeglang,
Banten.
Telp. (0253) 802768, 802769, 802770, 802771
Fax. (0253) 802767
KCP ANYER
Jl. Raya Anyer KM. 124, Kampung Kepuh I, Kel. Anyar,
Kec. Anyar, Kab. Serang, Banten. Telp. (0254) 600687, 604769
Fax. (0254) 600685
KCP PANDEGLANG
Jl. A. Yani No. 41, Pandeglang, Banten.
Telp. (0253) 206035, 205994
Fax. (0253) 206034
KCP PONDOK CILEGON INDAH
Cilegon City Square Blok A7, Kel. Kedaleman, Kec.
Cibeber, Kota Cilegon, Banten.
Telp. (0254) 399151
Fax. (0254) 399686
PP CILEGON PT. KBS
Gedung Utama PT. Krakatau Bandar Samudera, Jl. S.
Parman Km. 13 Cigading, Cilegon, Banten Telp. (0254) 8317043
Fax. (0254) 8317042
PP CILEGON AL AZHAR
Komplek Yayasan Pendidikan Warga Krakatau Steel, Jl.
Tongkol No. 17, Cilegon, Banten
Telp.-
Fax.-
COMPANY
DATA
PP PANDEGLANG STAISMAN
Jl. Raya Labuan Km. 2, Pandeglang, Banten.
Telp.-
Fax.KC JAKARTA TANJUNG PRIOK
Jl. Enggano No. 42B - 42, Tanjung Priok, Jakarta
Utara.
Telp. (021) 43906060, 43906055
Fax. (021) 43906058, 43906059
KCP JAKARTA KRAMAT JAYA
Jl. Kramat Jaya No. 42 B, Cilincing, Jakarta Utara.
Telp. (021) 4410348
Fax. (021) 4410348
KCP JAKARTA MUARA KARANG
Jl. Muara Karang Blok A. 7 No. 173, Kec. Penjaringan,
Jakarta Utara.
Telp. (021) 66693079, 6616980
Fax. (021) 66693108
KCP JAKARTA PADEMANGAN
Jl. Budi Mulia Raya / R. E. Martadinata Blok C No. 1,
Kel. Pademangan Barat, Kec. Pademangan, Jakarta
Utara.
Telp. (021) 29374200
Fax. (021) 64700081
KCP JAKARTA CILINCING
Jl. Raya Cakung Cilincing, Tanjung Priok, Jakarta
Utara.
Telp. (021) 29376622
Fax. (021) 29376621
KCP POS JAKARTA UTARA
Kantor Pos Jakarta Utara, Jl. Swasembada Timur IX
No. 37, Kel. Sungai Bambu, Kec. Tanjung Priok, Jakarta
Utara.
Telp. (021) 4361993
Fax. (021) 4361994
KCP JAKARTA MEGA KUNINGAN
Jl. Mega Kuningan Barat Blok A9/B9 No. C5-6-7, lantai
B-D-2-3-4-5-DRM, Jakarta Selatan.
Telp. (021) 57852892, 57852893
Fax. (021) 57852737, 57652822
PP JAKARTA YAYASAN MANTAB AL-HAMID
Yayasan Mantab Al Hamid, Jl. Cilangkap Baru No. 1,
Cilangkap, Cipayung, Jakarta Timur. Telp.-
Fax.-
KCP JAKARTA GUDANG PELURU
Jl. Kampung Melayu Besar (d/h. KH. Abdullah Syafei)
Blok. A Kav. No. 27-A, Kel. Kebon Baru, Kec. Tebet,
Jakarta Selatan. Telp. (021) 83708662, 83708663, 83708664
Fax. (021) 83708665
PP JAKARTA MUHAMMADIYAH DUREN SAWIT
Jl. Delima II Gg. II No. 24, Rt/Rw 05/09, Duren Sawit,
Jakarta Timur.
Telp.-
Fax.-
KCP JAKARTA K-LINK TOWER
Gedung K-Link Tower, Jl. Jend. Gatot Subroto Kav. 59A,
Jakarta Selatan.
Telp. (021) 3048322, 30483281, 30483282
Fax. (021) 30483200
KC JAKARTA RAWAMANGUN
Jl. Paus Raya No. 86, Rawamangun, Jakarta Timur.
Telp. (021) 4711987
Fax. (021) 4711963
KCP JAKARTA CAKUNG
Kompl. Pusat Perdagangan Ujung Menteng, Jl.
Hamengkubuwono IX KM. 25 Blok B No. 15, Cakung,
Jakarta Timur. Telp. (021) 46802224, 46802225
Fax. (021) 46802228
KCP JAKARTA KLENDER
Jl. Teratai Putih Raya No. 26 Blok 28, Kel. Malaka Jaya,
Kec. Duren Sawit, Jakarta Timur.
Telp. (021) 86608567
Fax. (021) 86611439
KCP JAKARTA UTAN KAYU
Jl. Utan Kayu No. 49A, Jakarta Timur.
Telp. (021) 85913922, 85913925
Fax. (021) 85913209
KK JAKARTA PELABUHAN TANJUNG PRIOK
Gedung Mega Enggano, Jl. Enggano Blok A No. 5T,
Tanjung Priok, Jakarta Utara.
Telp. (021) 43907746, 43907732
Fax. (021) 43907733
KCP JAKARTA PULO GADUNG
Jl. Bekasi Raya Blok 8-I Kaveling No. 7, Cakung, Jakarta
Timur.
Telp. (021) 46800746
Fax. (021) 46801198
KK JAKARTA PENGADILAN AGAMA
Jl. Plumpang Semper No. 5, Kel. Tugu Selatan, Kec.
Koja, Jakarta Utara.
Telp. (021) 4370047
Fax. (021) 4370042
KCP JAKARTA CIPINANG JAYA
Jl. Cipinang Jaya No. 11B-11C, Kel. Cipinang Besar
Selatan, Kec. Jatinegara, Jakarta Timur.
Telp. (021) 85918973, 85918974, 85918975
Fax. (021) 85919855
KC JAKARTA SAHARJO
Jl. Minangkabau No. 39, Pasar Manggis Setiabudi,
Jakarta Selatan.
Telp. (021) 8308768, 8292824, 8357309
Fax. (021) 8308769, 8357310
KCP POS JAKARTA TIMUR Kantor Pos Jakarta Timur,
Jl. Pemuda No. 79, Kel. Jati, Kec. Pulo Gadung, Jakarta
Timur.
Telp. (021) 29377994
Fax. (021) 29377993
KCP JAKARTA RASUNA SAID
Ario Bimo Central Building, Jl. H.R. Rasuna Said X-2
Kavling 5, Jakarta Selatan.
Telp. (021) 5225961, 5225963
Fax. (021) 5225954
PP JAKARTA PERG. MUHAMADIYAH TEBET
Jl. Tebet Timur Raya No. 565, Tebet, Jakarta Selatan.
Telp. (021) 83704332
Fax. (021) 83704332
KCP JAKARTA TEBET
Jl. Tebet Barat IX No. 31, Tebet, Jakarta Selatan.
Telp. (021) 83796551, 83796549, 83792030 Fax. (021) 83796551, 83796549, 83792030
PP JAKARTA AR RIDHO
Jl. Pondok Kelapa XII Blok G IV Rt/Rw 003/001, Pondok
Kelapa, Duren Sawit, Jakarta Timur.
Telp. (021) 86906673, 86608567
Fax.-
Annual Report 2013
314
PP PENGADILAN JAKARTA SELATAN
Pengadilan Agama Jakarta Selatan, Jl. Harsono RM No.
1, Ragunan, Pasar Minggu, Jakarta Selatan.
Telp.-
Fax.PP BEKASI PONPES AT TAQWA
Ponpes At Taqwa, Jl. Pesantren At Taqwa, Kampung
Ujung Harapan, Kec. Babelan, Kab. Bekasi, Jawa
Barat.
Telp.-
Fax.PP JAKARTA MUHAMMADIYAH KRAMAT JATI
PC Muhammadiyah Kramat Jati, Jl Dewi Sartika No.
316A RT 008/04, Kel. Cawang, Kec. Kramat Jati, Jakarta
Timur.
Telp.-
Fax.KC JAKARTA KEBON JERUK
Jl. Raya Kebon Jeruk, RT 0010/01, Kel. Kebon Jeruk,
Kec. Kebon Jeruk, Jakarta Barat.
Telp. (021) 53662464, 53662465, 53662467
Fax. (021) 53662471, 53662472
KCP JAKARTA KEDOYA
Rukan Golden Green No. 9, Jl. Panjang Kedoya Utara,
Jakarta Barat.
Telp. (021) 58302309, 58351053, 58351054
Fax. (021) 56943609
KCP JAKARTA TANJUNG DUREN
Jl. Tanjung Duren Raya No. 123, Kel. Tanjung Duren
Selatan, Kec. Grogol Petamburan, Jakarta Barat.
Telp. (021) 5632891, 56942709, 56942710
Fax. (021) 56964233
KCP JAKARTA DURI KOSAMBI
Perumahan Taman Semanan Indah Blok G No. 7, Jl.
Darma Kencana, Duri Kosambi, Cengkareng, Jakarta
Barat.
Telp. (021) 5450811, 54396002, 54390485
Fax. (021) 54361204
KCP JAKARTA JOGLO
Rukan Puri Botanical Residen Blok I. 10 No. 26-27,
Joglo, Kembangan, Jakarta Barat. Telp. (021) 58900082, 58900083, 58900084
Fax. (021) 58900085
KCP JAKARTA DAAN MOGOT
Rukan Green Mansion Blok A No. 12, Jl. Daan
Mogot Raya Km. 10, Kel. Kedaung Kaliangke, Kec.
Cengkareng, Jakarta Barat.
Telp. (021) 29025380, 29025381, 29025382
Fax. (021) 29025386
PT Bank Syariah Mandiri
KCP JAKARTA MERUYA
Jl. Meruya Ilir No. 36 RT 009/02, Kel. Srengseng, Kec.
Kembangan, Jakarta Barat.
Telp. (021) 58900468, 58900469, 58900470
Fax. (021) 58900471
PP DEPOK AL HAMIDIYAH SJAICHU
Yayasan Al Hamidiyah, Jl. Raya Sawangan Km.2 No. 12,
Pancoranmas, Depok, Jawa Barat.
Telp.-
Fax.-
KCP JAKARTA PETUKANGAN
Jl. Ciledug Raya No. 12C RT 001/03, Kel. Petukangan
Selatan, Kec. Pesanggrahan, Jakarta Selatan.
Telp. (021) 73880303
Fax. (021) 7352144
PP JAKARTA PURI
RS. Puri Mandiri Kedoya, Jl. Raya Kedoya No. 2, Jakarta
Barat.
Telp. (021) 58303052 Fax. (021) 58303052
KC JAKARTA KELAPA GADING
Komplek Graha Bulevar Blok KGC No. A-02 dan A-03,
Jl. Boulevard Kelapa Gading, Kel. Kelapa Gading
Timur, Kec. Kelapa Gading, Jakarta Utara.
Telp. (021) 29375262, 29375261
Fax. (021) 29375197, 29375198
KC JAKARTA CIBUBUR
Ruko Citra Gran Blok R-2 No. 8-9, Jl. Raya Alternatif,
Cibubur, Jakarta Timur.
Telp. (021) 84300107, 84300108, 8449778 Fax. (021) 84590918
KC DEPOK
Ruko Depok Mas Blok A1-2, Jl. Margonda Raya No.
42, Depok, Jawa Barat.
Telp. (021) 7765231, 7765251, 7765289,
77213804
Fax. (021) 77202905, 77203598
KCP DEPOK MARGONDA
Jl. Margonda Raya No. 499, RT/RW 004/07, Kel. Pondok
Cina, Kec. Beji, Kota Depok, Jawa Barat.
Telp. 78882142, 78888213
Fax. (021) 78882141
KCP DEPOK CIMANGGIS
Jl. Raya Bogor KM 31, Pasar Cisalak, Cimanggis, Depok,
Jawa Barat.
Telp. (021) 87712625, 87718007, 87710661
Fax.(021)87720017
KCP DEPOK SAWANGAN
Ruko Bukit Sawangan Indah Blok F2 No. 3, Jl. Raya
Parung, Sawangan, Depok, Jawa Barat.
Telp. (0251) 8601771, 70628284
Fax. (0251) 8619609
KCP DEPOK DUA
Jl. Raya Tole Iskandar No. 29E, Sukmajaya, Depok, Jawa
Barat.
Telp. (021) 77835544, 77824466, 77825588
Fax. (021) 77835599
KCP DEPOK KELAPA DUA
Komplek Ruko Depok, Jl. Raya Akses UI No. 9B & 9C,
Kelapa Dua, Depok, Jawa Barat.
Telp. (021) 87720737, 87707799, 87706916
Fax. (021) 87720741
KCP DEPOK NUSANTARA
Jl. Nusantara Raya No. 110, Depok Jaya, Pancoran Mas,
Depok, Jawa Barat.
Telp. (021) 77218797, 77218870, 7776682
Fax. (021) 77218799
KCP JAKARTA GANDARIA
Jl. Raya Bogor Km. 28 No. 30, RT. 004/07, Kel. Pekayon,
Kec. Pasar Rebo, Jakarta Timur.
Telp. (021) 87702025 Fax. (021) 87702141
KCP DEPOK FMIPA - UI
Komplek Fakultas MIPA Universitas Indonesia, Depok,
Jawa Barat.
Telp. (021) 78849007, 77211981
Fax. (021) 78849164
PP DEPOK YAYASAN PENDIDIKAN NURUL FIKRI
Gedung SDIT-SMPIT Nurul Fikri, Jl. Lucky Abadi RT.
07/07 No. 68, Kampung Areman, Kel. Tugu, Kec.
Cimanggis, Depok, Jawa Barat.
Telp. (021) 8724729
Fax. (021) 8724729
PT Bank Syariah Mandiri
KCP JAKARTA RAWASARI
Jl. Rawasari Selatan No. 18 Blok C1, Jakarta Pusat.
Telp. (021) 42800166
Fax. (021) 42800114
KCP JAKARTA GADING ORCHARD
Jl. Kelapa Hibrida Raya Blok PF No. 18, Jakarta Utara.
Telp. (021) 4534496, 4534497
Fax. (021) 4519899
KCP JAKARTA ARTHA GADING
Jl. Boulevard Artha Gading, Sentra Bisnis Artha Gading
Blok A-6 A-7, Kec. Kelapa Gading, Jakarta Utara.
Telp. (021) 45874552
Fax. (021) 45874553
KCP JAKARTA GADING BOULEVARD
Jl. Boulevard Barat Blok LC 6 No. 27, Kel. Kelapa Gading
Barat, Kec. Kelapa Gading, Jakarta Utara.
Telp. (021) 4533515
Fax. (021) 4533516
KC JAKARTA PONDOK KELAPA
Ruko Komplek Billy & Moon Blok E No. 5A-5B, Jl.
Raya Kalimalang, Pondok Kelapa, Jakarta Timur.
Telp. (021) 86903501
Fax. (021) 86903502
KCP JAKARTA PONDOK BAMBU
Jl. Pahlawan Revolusi No. 17C, Pondok Bambu, Jakarta
Timur.
Telp. (021) 70332098, 86613848
Fax. (021) 8611927
KCP BEKASI JATIBENING
Ruko De Minimalis Kav. No. 5-6, Jl. Caman Raya, Kel.
Jatibening, Bekasi, Jawa Barat. Telp. (021) 84974355 Fax. (021) 84975177
KCP JAKARTA PANGKALAN JATI
Komplek Ruko Kalimalang Mas Building Blok E7 No.
B1-B2, Jl. Raya Kalimalang, Kel. Pondok Bambu, Kec.
Duren Sawit, Jakarta Timur.
Telp. (021) 86600011 Fax. (021) 86600205
KC JAKARTA CIPULIR
Jl. Ciledug Raya Cipulir No. 123E, Jakarta Selatan.
Telp. (021) 7244664, 72786414, 72786361
Fax. (021) 72786360
KCP JAKARTA KEBAYORAN LAMA
Jl. Kebayoran Lama Raya No. 182, Cipulir, Kebayoran
Lama, Jakarta Selatan.
Telp. (021) 7210627, 7210634, 7210679
Fax. (021) 7237913
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KK BOGOR KOTA WISATA
Perumahan Kota Wisata Ruko Sentra Eropa Blok G No.
3, Kel. Ciangsana, Kec. Gunung Putri, Kab. Bogor, Jawa
Barat.
Telp. (021) 84939097
Fax. (021) 84939331
KC TANGERANG BINTARO
Bintaro Trade Center, Jl. Jend. Sudirman Blok A1
No. 7 - 8, Bintaro Sektor 7, Pondok Aren, Tangerang,
Banten.
Telp. (021) 7450120, 7453301, 7450296, 7450297
Fax. (021) 7450116
KCP TANGERANG BINTARO SEKTOR III Bintaro Jaya
Sektor IIIA, Blok DD 10/1, Jl. Mandar XX, Tangerang,
Banten.
Telp. (021) 7343970, 7343969, 7343913, 7343920
Fax. (021) 73883936
KCP TANGERANG GRAHA RAYA
Ruko Venice Blok JF No. 1-2, Jl. Ruko Venice, Kel.
Pakujaya, Kec. Serpong Utara, Kab. Tangerang,
Banten.
Telp. (021) 5397800, 5397978, 5398090
Fax. (021) 5398125
KK JAKARTA MASJID JAMI BINTARO JAYA
Jl. Merpati V Blok P.3 No. 9, Kel. Bintaro, Kec.
Pesanggrahan, Jakarta Selatan.
Telp. (021) 7359363, 7359352
Fax. (021) 7359361
KC BEKASI PONDOK GEDE
Jl. Jatiwaringin Raya No. 110 D-E, Pondok Gede, Kota
Bekasi, Jawa Barat.
Telp. (021) 84970255, 84900806, 84900810
Fax. (021) 84970265
KCP BEKASI JATIASIH
Ruko SBS. No. 27 C-D, Jl. Raya Jatiasih, Kel. Jatiasih,
Kec. Jatiasih, Bekasi, Jawa Barat. Telp. (021) 82426534, 82426488, 82433725
Fax. (021) 82433736
KCP POS BEKASI PONDOK GEDE
Kantor Pos Pondok Gede, Jl. Jati Makmur No. 12, Kel.
Jati Makmur, Kec. Pondok Gede, Kota Bekasi, Jawa
Barat.
Telp. (021) 36050609
Fax.KC JAKARTA SALEMBA
Jl. Kramat Raya No. 160 RT 004/02, Jakarta Pusat.
Telp. (021) 3925423
Fax. (021) 3925427
KCP JAKARTA KRAMAT RAYA
Jl. Kramat Raya No. 23 C, Jakarta Pusat.
Telp. (021) 3900349, 3900350, 3901265, 3904715
Fax. (021) 31924660
COMPANY
DATA
KCP JAKARTA CEMPAKA PUTIH
Komplek Perkantoran Cempaka Putih Permai Blok
A No. 24, Jl. Letjend. R. Soeprapto Kav. 10, Jakarta
Pusat.
Telp. (021) 4229015, 4263402
Fax. (021) 4202258
KK JAKARTA RSIJ CEMPAKA PUTIH
Komplek. RSIJ. Cempaka Putih, Jl. Cempaka Putih
Tengah I/1, Jakarta Pusat.
Telp. (021) 4251779 Fax. (021) 4251785
KC CIBINONG
Ruko Graha Cibinong Blok D No. 2, Jl. Raya Bogor
KM 43, Cibinong, Bogor, Jawa Barat.
Telp. (021) 87915703, 87915704
Fax. (021) 87919008
KCP BOGOR CITEUREUP
Jl. Mayor Oking No. 5 D, Citeureup, Bogor, Jawa
Barat.
Telp. (021) 87941450, 87943823
Fax. (021) 87941446
KCP BOGOR SENTUL
Bellanova Country Mall Ruko Blok RK 8 No. 12-15, Jl.
MH. Thamrin, Kel. Cipambuan, Kec. Babakan Madang,
Kab. Bogor, Jawa Barat.
Telp. (021) 87922493, 87922495
Fax. (021) 87922496
KCP POS CIBINONG
Kantor Pos Cibinong, Jl. Tegar Beriman Blok B-4 No.
7, Kel. Pakansari, Kec. Cibinong, Kab. Bogor, Jawa
Barat.
Telp. (021) 87916208
Fax. (021) 87916208
PP PEMDA CIBINONG
PKPRI Kabupaten Bogor, Komplek Pemda Cibinong, Jl.
Bersih, Desa Tengah, Kab. Bogor, Jawa Barat.
Telp.-
Fax.KC SERANG
Jl. Ahmad Yani No. 175 C-D, Kel. Sumur Pecung, Kec.
Serang, Kab. Serang, Banten.
Telp. (0254) 222984, 210191
Fax. (0254) 222985
KCP SERANG CIKANDE
Komplek Rumah Toko Modern Blok C No. 7-8, Nambo
Ilir, Cikande, Serang, Banten.
Telp. (0254) 402525
Fax. (0254) 402522
KCP SERANG TIMUR
Jl. Raya Jakarta Km. 9 RT. 004/013, Kel. Citerep, Kec.
Ciruas, Kab. Serang, Banten.
Telp. (0254) 280882, 280884
Fax. (0254) 280878
KCP SERANG KOTA
Jl. Maulana Hasanudin No. 17, RT 001/006, Kel.
Kotabaru, Kec. Serang, Kota Serang, Banten.
Telp. (0254) 227112, 227113, 227115
Fax. (0254) 227114
KCP POS SERANG
Kantor Pos Serang, Jl. Veteran No. 3, Kel. Kotabaru, Kec.
Serang, Kab. Serang, Banten.
Telp.-
Fax.KC JAKARTA MANGGA DUA
Jl. Mangga Dua Raya Blok E 4 Kav No. 3, Jakarta
Utara.
Telp. (021) 6128715, 6128716
Fax. (021) 6128615
KCP JAKARTA PINANGSIA
Jl. Pinangsia II No. 3B-3C, Kel. Pinangsia, Kec. Taman
Sari, Jakarta Barat.
Telp. (021) 62303393 Fax. (021) 6911113
KCP JAKARTA PANGERAN JAYAKARTA
Jl. Pangeran Jayakarta No. 117/A-3, Kel. Mangga Dua
Selatan, Kec. Sawah Besar, Jakarta Pusat.
Telp. (021) 62300700
Fax. (021) 62305640
KCP JAKARTA ROA MALAKA
Jl. Pasar Pagi No. 43, Kel. Roa Malaka, Kec. Tambora,
Jakarta Barat.
Telp. (021) 6900055
Fax. (021) 6900057
KC JAKARTA ROXY
Pusat Niaga Roxy Mas Blok B1 No. 8, Jl. K. H. Hasyim
Ashari 125, Jakarta Pusat.
Telp. (021) 6330939
Fax. (021) 6337116, 6337113
KCP JAKARTA TOMANG
Jl. Tomang Raya No. 10, Kel. Jatipulo, Kec. Palmerah,
Jakarta Barat.
Telp. (021) 5680019, 5604066
Fax. (021) 5683392
KK JAKARTA TRISAKTI
Universitas Trisakti Kampus A Gedung i, Jl. Kyai Tapa
No. 1, Jakarta Barat.
Telp. (021) 56943139, 56943094
Fax. (021) 56943140
KC JAKARTA CENGKARENG
Ruko Mutiara Taman Palem Blok A2 No. 9-10, Jl.
Kamal Raya Outering Ring Road, Cengkareng,
Jakarta Barat.
Telp. (021) 54353515, 54353540
Fax. (021) 54353155
KCP JAKARTA KALIDERES
Ruko Perum Citra II Niaga Blok A No. 26, Kalideres,
Jakarta Barat.
Telp. (021) 54392124, 54392132, 54392191,
54374588
Fax. (021) 54372327
KC TANGERANG BSD
Ruko BSD Blok RQ No. 101, Serpong, Tangerang,
Banten.
Telp. (021) 5386900
Fax. (021) 5386898
Annual Report 2013
316
KCP TANGERANG BSD
Ruko Golden Madrid Blok B/6, Jl. Letjen Soetopo,
Sektor XIV Bumi Serpong Damai, Tangerang,
Banten.
Telp. (021) 53163209, 53163210, 53163211
Fax. (021) 53160411
KC JAKARTA KALIBATA
Jl. Raya Pasar Minggu No. 75, Kel. Kalibata, Kec.
Pancoran, Jakarta Selatan.
Telp. (021) 7940323, 7940341, 7940353
Fax. (021) 7940420
KCP JAKARTA PASAR MINGGU
Jl. Raya Lenteng Agung No. 26, Jakarta Selatan.
Telp. (021) 78833626, 7892545.
Fax. (021) 7806973
KCP JAKARTA CILILITAN
Jl. Raya Bogor No. 1, Kramat Jati, Jakarta Timur.
Telp. (021) 80878616, 70982824
Fax. (021) 80878617
KCP JAKARTA DEWI SARTIKA
Jl. Dewi Sartika Raya No. 139 B, Cawang, Jakarta
Timur.
Telp. (021) 80872793, 80872794
Fax. (021) 8017404
KC JAKARTA GATOT SUBROTO
Gedung Menara Jamsostek, Menara Utara Lt. 1, Jl.
Jendral Gatot Subroto No. 38, Jakarta Selatan.
Telp. (021) 2523980
Fax. (021) 2523981
KC JAKARTA HAYAM WURUK
Jl. Hayam Wuruk No. 101, Kec. Tamansari, Jakarta
Barat.
Telp. (021) 6259000
Fax. (021) 6297427
KCP JAKARTA PECENONGAN
Jl. Pecenongan Raya No. 3-A RT/RW. 001/03, Kel.
Kebon Kelapa, Kec. Gambir, Jakarta Pusat.
Telp. (021) 34831188
Fax. (021) 3507476
KCP JAKARTA GAJAH MADA
Jl. Gajah Mada No. 16, Petojo Utara, Gambir, Jakarta
Pusat.
Telp. (021) 6322208
Fax. (021) 6322206, 6322207
KC JAKARTA SUNTER AGUNG
Perumahan Griya Inti Sentosa Blok A1 Kavling No.
23-24, Kel. Sunter Agung, Kec. Tanjung Priok, Jakarta
Utara.
Telp. (021) 65302005, 65301550
Fax. (021) 65301982
KCP JAKARTA SUNTER
Jl. Danau Sunter Blok F. 21, Kaveling No. 5, Kel. Sunter
Agung, Kec. Tanjung Priok, Jakarta Utara.
Telp. (021) 6411078, 65837827
Fax. (021) 65837826
KC JAKARTA SUDIRMAN
Sequis Plaza Ground Floor, Jl. Jend. Sudirman Kav.
25, Jakarta Selatan.
Telp. (021) 5204792, 5204793
Fax. (021) 5204802, 5204804
PT Bank Syariah Mandiri
KCP JAKARTA BENDUNGAN HILIR
Jl. Bendungan Hilir Raya No. 37, Jakarta Pusat.
Telp. (021) 5725779, 5703644
Fax. (021) 57900825
KC TANGERANG CILEDUG
Jl. HOS Cokroaminoto No. 69, Ciledug, Tangerang,
Banten.
Telp. (021) 73458147, 73458148, 73458149
Fax. (021) 73458150
KCP TANGERANG KARANG TENGAH
Pertokoan Bumi Permata Indah Blok R1/26, Jl.
Raden Saleh, Kel. Karang Mulya, Kec. Ciledug, Kota
Tangerang, Banten.
Telp. (021) 58905234
Fax. (021) 58905235
KC JAKARTA JATINEGARA
Perkantoran Mitra Matraman Blok A1 No. 8-9, Jl.
Matraman Raya No. 148, Jakarta Timur.
Telp. (021) 85904866
Fax. (021) 85905634
KCP JAKARTA JATINEGARA TIMUR
Jl. Jatinegara Timur No. 38, Kel. Bali Mester, Kec.
Jatinegara, Jakarta Timur.
Telp. (021) 29360005
Fax. (021) 29360004
KCP POS JATINEGARA
Kantor Pos Jatinegara, Jl. Matraman Raya No. 222, Kel.
Balimester, Kec. Jatinegara, Jakarta Timur.
Telp.-
Fax.KC JAKARTA KEMBANGAN
Jl. Puri Kencana Blok K6 No. 1M & 1N, Kel.
Kembangan Selatan, Kec. Kembangan, Jakarta
Barat.
Telp. (021) 58351521, 58351522 Fax. (021) 58351523
KC TANGERANG CIPUTAT
Jl. Ir. H. Juanda No. 111, RT 006/001, Kel. Cempaka
Putih, Kec. Ciputat Timur, Kota Tangerang Selatan,
Banten.
Telp. (021) 7425267
Fax. (021) 7423018
KCP POS TANGERANG CIPUTAT
Kantor Pos Ciputat, Jl. RE Martadinata No. 17, Kel.
Pondok Cabe Udik, Kec. Pamulang, Kota Tangerang
Selatan, Banten.
Telp. (021) 7492391
Fax.PP TANGERANG MADRASAH PEMBANGUNAN UIN
Jl. Ibnu Taimia IV Komplek UIN Jakarta, Ciputat, Kota
Tangerang Selatan, Banten.
Telp. (021) 7444472
Fax.KC JAKARTA PLUIT
Kawasan Emporium Mall Pluit, Komplek CBD
Pluit Blok S-17, Jl. Raya Pluit Selatan No. 1, Kel.
Penjaringan, Kec. Penjaringan, Jakarta Utara.
Telp. (021 ) 29388018, 29388019, 29388020,
29388021
Fax. (021) 29388021, 66673079
PT Bank Syariah Mandiri
KC BEKASI CIKARANG
Ruko Sentra Cikarang, Jl. Cikarang Cibarusan BI. B
No. 2, Cikarang, Kab. Bekasi, Jawa Barat.
Telp. (021) 89902076, 89902077
Fax. (021) 89906765
REGION III
KC BANDUNG
Jl. Ir. H. Juanda No. 24, Kel. Citarum, Kec. Cibeunying,
Bandung, Jawa Barat.
Telp. (022) 84469443
Fax. (022) 4200011
KCP BANDUNG SETIA BUDI
Jl. Setiabudi No. 169 D, Gegerkalong, Bandung, Jawa
Barat.
Telp. (022) 84469443
Fax. (022) 2000588
KCP SUMEDANG
Jl. Pang. Geusan Ulun No. 115, Sumedang, Jawa
Barat.
Telp. (0261) 205557, 205559, 205544
Fax. (0261) 201993
KCP BANDUNG PAJAJARAN
Jl. Pajajaran No. 89, Kel. Arjuna, Kec. Cicendo,
Bandung, Jawa Barat.
Telp. (022) 6125999, 6011741, 6011457
Fax. (022) 6125998
KCP BANDUNG BRAGA
Jl. Braga No. 100 - 102, Bandung, Jawa Barat.
Telp. (022) 4232007
Fax. (022) 4267872
KCP BANDUNG ASIA AFRIKA
Jl. Asia Afrika No. 178, Kel. Paledang, Kec. Lengkong,
Kota Bandung, Jawa Barat.
Telp. (022) 4232302
Fax. (022) 4232303
KCP BANDUNG ANTAPANI
Jl. Terusan Jakarta No. 138, Kec. Antapani, Kota
Bandung, Jawa Barat.
Telp. (022) 87241969
Fax. (022) 87241984
KCP BANDUNG SURAPATI
Jl. Surapati No. 189, Kel. Cihaurgeulis, Kec. Cibeunying,
Kota Bandung, Jawa Barat.
Telp. (022) 2500900
Fax. (022) 2500518
KCP BANDUNG SURYA SUMANTRI
Jl. Lemah Neundeut No. 8 A-3, Kel. Sukawarna, Kec.
Sukajadi, Kota Bandung, Jawa Barat.
Telp. (022) 2005184, 2005182
Fax. (022) 2005148
KK BANDUNG JAPATI
Gd. Kantor Pusat PT. Telkom Indonesia, Jl. Japati No. 1,
Bandung, Jawa Barat.
Telp. (022) 7278394
Fax. (022) 7278508
KK BANDUNG RS AL ISLAM
Jl. Soekarno Hatta No. 644, Kel. Manjahlega, Kec.
Rancasari, Kota Bandung, Jawa Barat.
Telp. (022) 7563235, 7500814
Fax. (022) 7560922
317
Annual Report 2013
PP GARUT STKIP
Jl. Pahlawan No. 32, Kel. Sukagalih, Kec. Tarogong
Kidul, Kab. Garut, Jawa Barat.
Telp.-
Fax.KC PEKALONGAN
Jl. KH. Wahid Hasyim No. 11A, Kel. Kauman, Kec.
Kota Pekalongan Timur, Kota Pekalongan, Jawa
Tengah.
Telp. (0285) 434911, 434912
Fax. (0285) 434894
KCP PEMALANG
Jl. Jend. Sudirman No. 129, Pemalang, Jawa Tengah.
Telp. (0284) 326048, 326049
Fax. (0284) 321291
KCP BATANG
Jl. Jend. Sudirman No. 601, Batang, Jawa Tengah.
Telp. (0285) 4495227
Fax. (0285) 4495233
KCP PEKALONGAN KAJEN
Jl. Mandurejo No. 59, Kel. Nyamok, Kec. Kajen, Kab.
Pekalongan, Jawa Tengah.
Telp. (0285) 382061, 382062
Fax. (0285) 382063
KLS PEKALONGAN PEKAJANGAN
STIKES Muhammadiyah,
Jl. Raya Ambokembang No. 8, Pekalongan, Jawa
Tengah.
Telp. (0285) 785375
Fax. (0285) 785375
PP PEKALONGAN RSI. SITI KHODIJAH
RS. Islam Siti Khodijah, Jl. Bandung No. 39-47,
Pekalongan, Jawa Tengah.
Telp. (0285) 421988
Fax.PP RSI PKU MUHAMMADIYAH PEKAJANGAN
RSI PKU Muhammadiyah Pekajangan, Jl. Raya
Ambokembang No. 42-43, Kedungwuni, Pekalongan,
Jawa Tengah.
Telp.-
Fax.PP KEMENAG KAB. PEKALONGAN
Jl. Krakatau No. 7, Kec. Kajen, Kab. Pekalongan, Jawa
Tengah.
Telp.-
Fax.PP PEKALONGAN STAIN
Jl. Kusuma Bangsa No. 9, Kota Pekalongan, Jawa
Tengah.
Telp.-
Fax.KC SOLO
Jl. Slamet Riyadi No. 388, Solo, Jawa Tengah.
Telp. (0271) 710820
Fax. (0271) 742085, 742086
KCP KLATEN
Jl. Pemuda No. 57, Ds. Bareng, Kec. Klaten Tengah, Kab.
Klaten, Jawa Tengah.
Telp. (0272) 327979
Fax. (0272) 328986
COMPANY
DATA
KCP SUKOHARJO SOLO BARU
Jl. Raya Solo Permai Blok CA-61, Solo Baru, Sukoharjo,
Jawa Tengah.
Telp. (0271) 625255 Fax. (0271) 621003
KK SOLO ASSALAAM
Jl. Garuda Mas No. 4, Pabelan Sukoharjo, Solo, Jawa
Tengah.
Telp. (0271) 719943
Fax. (0271) 719682
KCP SRAGEN
Jl. Raya Sukowati No. 140, Kel. Sragen Kulon, Kec.
Sragen, Jawa Tengah.
Telp. (0271) 893096, 3022543
Fax. (0271) 893098
KK SOLO RS PKU MUHAMMADIYAH
Jl Ronggowarsito No. 130 RT 004 RW 001, Timuran,
Banjarsari, Surakarta, Jawa Tengah.
Telp. (0271) 725059
Fax. (0271) 725059
KCP BOYOLALI
Jl. Pandanaran No. 157, Boyolali, Jawa Tengah.
Telp. (0276) 324763
Fax. (0276) 325354
PP SURAKARTA ASSALAMPondok Pesantren Modern
Islam ‘Assalam’ Kartasura - Sukoharjo, Kotak Pos 286,
Surakarta, Jawa Tengah.
Telp. (0271) 737432 Fax. (0271) 737432
KCP SUKOHARJO PALUR
Jl. Raya Palur No. 307, Palur, Sukoharjo, Jawa
Tengah.
Telp. (0271) 821943, 821944
Fax. (0271) 826899
PP SUKOHARJO SMK MUHAMMADIYAH I
Jl. Anggrek No. 2, Sukoharjo, Jawa Tengah.
Telp. (0271) 592171
Fax. (0271) 592171
KCP SOLO PASAR KLIWON
Jl. Kapten Mulyadi No. 228 D-E, Pasar Kliwon, Solo,
Jawa Tengah.
Telp. (0271) 656300, 652190
Fax. (0271) 656300 ext. 111
PP SURAKARTA UNS
Jl. Ir. Sutami No. 36A, Kentingan, Surakarta, Jawa
Tengah.
Telp.-
Fax.-
KCP SUKOHARJO KARTASURA
Ruko Kartasura A No. 1,
Jl. Raya Kartasura, Kartasura, Sukoharjo, Jawa
Tengah.
Telp. (0271) 784855, 784866
Fax. (0271) 780514
PP SURAKARTA AKBID MAMBA’UL ‘ULUM
Jl. Ring Road Utara Km. 03, Tawangsari, Kec. Jebres,
Kota Surakarta, Jawa Tengah.
Telp.-
Fax.-
KCP WONOGIRI
Jl. Jend. Sudirman No. 138, Wonogiri, Jawa Tengah.
Telp. (0273) 321574
Fax. (0273) 324058
KC PALEMBANG
Jl. Demang Lebar Daun No. 8, Kel. Lorok Pakjo, Kec.
Ilir Barat I, Kota Palembang, Sumatera Selatan.
Telp. (0711) 421919, 415986
Fax. (0711) 419952
KCP SOLO URIP SUMOHARJO
Jl. Urip Sumoharjo No. 71, Kepatihan Wetan, Jebres,
Solo, Jawa Tengah.
Telp. (0271) 647866
Fax. (0271) 647976
KCP LUBUK LINGGAU
Jl. Yos Sudarso No. 97, Lubuk Linggau, Sumatera
Selatan.
Telp. (0733) 322224 Fax. (0733) 325668
KCP KARANGANYAR
Jl. Raya Lawu No. 480, Jetak, RT. 02 RW. 12, Kel.
Papahan, Kec. Tasikmadu, Kab. Karanganyar, Jawa
Tengah.
Telp. (0271) 6497023
Fax. (0271) 6497024
KCP PALEMBANG RADIAL
Jl. Brigjend. H. M. Dhanie Effendi No. 2886-2887
(Radial), Palembang, Sumatera Selatan.
Telp. (0711) 350160, 350245, 373883
Fax. (0711) 351444
KCP SURAKARTA PASAR KLEWER
Jl. Yos Sudarso No. 221, Kel. Gajahan, Kec. Pasar
Kliwon, Solo, Jawa Tengah.
Telp. (0271) 646133, 631345
Fax. (0271) 664187
KCP SOLO NUSUKAN
Jl. Kapten Piere Tendean No. 199, Kel. Nusukan, Kec.
Banjarsari, Kota Surakarta, Jawa Tengah.
Telp. (0271) 730094, 711595, 730685
Fax. (0271) 741495
KCP PALEMBANG KM 5
Jl. H. Kol Burlian No. 7 C, Km. 5, Palembang, Sumatera
Selatan.
Telp. (0711) 417045, 417478 Fax. (0711) 417068
KCP KAYU AGUNG
Jl. Letnan Muchtar Saleh No. 98, Kel. Mangun Jaya,
Kec. Kayu Agung, Kab. Ogan Komering Ilir, Sumatera
Selatan.
Telp. (0712) 323584
Fax. (0712) 323586
Annual Report 2013
318
KCP SUNGAI LILIN
Jl. Raya Palembang-Jambi Km. 110 No. 001, Kec.
Sungai Lilin, Kab. Musi Banyuasin, Sumatera
Selatan.
Telp. (0714) 7343026
Fax. (0714) 7343099
KCP PALEMBANG JAKABARING
Jl. Ahmad Yani No. 5, Kel. Ulu, Kec. Seberang Ulu 1,
Kota Palembang, Sumatera Selatan.
Telp. (0711) 515484
Fax. (0711) 513601
KCP PALEMBANG SUDIRMAN
Jl. Jend. Sudirman No. 80, Kel. 20 Ilir I, Kec. Ilir Timur I,
Kota Palembang, Sumatera Selatan.
Telp. (0711) 367868
Fax. (0711) 354184
KCP PALEMBANG PUSRI
Jl. R. E. Martadinata No. 18 A, B, dan C, Kel. Sungai
Buah (d/h 2 Ilir), Kec. Ilir Timur II, Kota Palembang,
Sumatera Selatan.
Telp. (0711) 5626333
Fax. (0711) 5625333
PP PALEMBANG RADIAL
Jl. Brigjend. H. M. Dhanie Effendi (Radial) No.1429 C,
Palembang, Sumatera Selatan.
Telp. (0711) 350160, 350245
Fax. (0711) 351444
PP PALEMBANG UNIVERSITAS SJAKHYAKIRTI
Universitas Sjakhyakirti, Jl. Sultan M. Mansyur, Kebon
Gede 32 Ilir, Palembang, Sumatera Selatan.
Telp.-
Fax.KC CIREBON
Jl. Dr. Cipto Mangunkusumo No. 89, Cirebon, Jawa
Barat.
Telp. (0231) 202760, 202092, 202093, 200423
Fax. (0231) 202067
KCP KUNINGAN
Jl. Siliwangi No. 64, Kuningan, Jawa Barat.
Telp. (0232) 875205, 875206
Fax. (0232) 875502
KCP INDRAMAYU JATIBARANG
Jl. Mayor Dasuki No. 56, Kel. Jatibarang, Kec.
Jatibarang, Kab. Indramayu, Jawa Barat.
Telp. (0234) 356527, 356528
Fax. (0234) 351616
KCP KADIPATEN
Jl. Raya Timur II, Dawuan, Kadipaten, Kab. Majalengka,
Jawa Barat.
Telp. (0233) 661322, 661400
Fax. (0233) 661414
KCP CIREBON PLERED
Jl. Raya Cirebon Bandung No. 30 Blok E & F, Desa
Tegalsari, Kec. Plered, Kab. Cirebon, Jawa Barat.
Telp. (0231) 322898
Fax. (0231) 322897
PT Bank Syariah Mandiri
KCP INDRAMAYU
Jl. Jend. Sudirman No. 176, Indramayu, Kab.
Indramayu, Jawa Barat.
Telp. (0234) 275052, 275134
Fax. (0234) 273435
KCP CIREBON CILEDUG
Jl. Letjen S. Parman No. 13, Blok Wage Rt/Rw 06/04,
Desa Jati Seeng, Kab. Cirebon, Jawa Barat.
Telp. (0231) 663562, 663564
Fax. (0231) 663563
KCP INDRAMAYU PATROL
Jl. Raya Patrol Rt 09, Rw 04, Kel. Patrol Lor, Kec. Sukra,
Kab. Indramayu, Jawa Barat.
Telp. (0234) 612627, 612682, 611447
Fax. (0234) 612627
KCP CIREBON SILIWANGI
Jl. Siliwangi No. 102, Cirebon, Jawa Barat.
Telp. (0231) 225485, 225486, 225487, 225489
Fax. (0231) 225484
PP CIREBON AL AZHAR
Perguruan Islam Al-Azhar, Jl. Kampung Melati No. 7,
Kesambi, Cirebon, Jawa Barat.
Telp. (0231) 231035
Fax.PP CIREBON KEMENTRIAN AGAMA SUMBER
Jl. Sunan Derajat No. 5, Komplek Perkantoran Pemda,
Kab. Cirebon, Jawa Barat.
Telp.-
Fax.PP KUNINGAN KEMENAG
Kantor Kemenag Kab. Kuningan, Jl. Otto
Iskandardinata No. 87, Kab. Kuningan, Jawa Barat.
Telp. (0232) 873119
Fax.KC PONTIANAK
Jl. Sultan Abdurrachman No. 66A, Kota Pontianak,
Kalimantan Barat. Telp. (0561) 745004
Fax. (0561) 744774
KCP SINTANG
Jl. M.T. Haryono No. 55, Sintang, Kalimantan Barat.
Telp. (0565) 23322 Fax. (0565) 23232
KCP NANGA PINOH
Jl. Juang Blok C No. 03, Nanga Pinoh, Melawi,
Kalimantan Barat.
Telp. (0568) 22133
Fax. (0568) 22757
KCP PONTIANAK KOTA
Jl. Diponegoro No. 95, Pontianak, Kalimantan Barat.
Telp. (0561) 737133
Fax. (0561) 737376
PT Bank Syariah Mandiri
KCP PONTIANAK SIDAS
Jl. Jenderal Urip Soemoharjo No. 33, Rt. 004 Rw. 02,
Kel. Kampung Tengah, Kec. Pontianak Kota, Kota
Pontianak, Kalimantan Barat.
Telp. (0561) 746110
Fax. (0561) 746185
KCP SANGGAU
Jl. Sudirman No. 3, Desa Belapati, Kec. Kapuas, Kab.
Sanggau, Kalimantan Barat.
Telp. (0564) 22311, 22500
Fax. (0564) 22663
KCP PONTIANAK SIANTAN
Jl. Khatulistiwa No.3-4, Kel. Siantan Hilir, Kec. Pontianak
Utara, Kota Pontianak, Kalimantan Barat.
Telp. (0561) 881399, 881699
Fax. (0561) 881398
KCP PONTIANAK AHMAD YANI
Jl. Ahmad Yani No. 61 E & F, Kel. Bangka Belitung,
Kec. Pontianak Selatan, Kota Pontianak, Kalimantan
Barat.
Telp. (0561) 583850
Fax. (0561) 586048
KK PONTIANAK TANJUNG RAYA
Jl. Tanjung Raya II No. 2, Kel. Tambelan Sampit, Kec.
Pontianak Timur, Kota Pontianak, Kalimantan Barat.
Telp. (0561) 6591171
Fax. (0561) 6591173
PP PONTIANAK UNIVERSITAS MUHAMMADIYAH
Jl. Ahmad Yani, Pontianak, Kalimantan Barat.
Telp. (0561) 574656
Fax. (0561) 574656
PP PONTIANAK UNIVERSITAS TANJUNG PURA
Jl. Ahmad Yani, Pontianak, Kalimantan Barat.
Telp. (0561) 743465
Fax. (0561) 743465
PP PONTIANAK POLITEKNIK
Kampus Politeknik Negeri, Jl. A. Yani No. 52, Pontianak,
Kalimantan Barat.
Telp.-
Fax.KC YOGYAKARTA
Jl. Cik Dik Tiro No. 1, Yogyakarta.
Telp. (0274) 555022, 555024 Fax. (0274) 555021
KCP YOGYAKARTA KALIURANG
Jl. Kaliurang Km. 6,4 No. B 6-A, Yogyakarta.
Telp. (0274) 887041, 887053
Fax. (0274) 887047
KCP WONOSARI
Jl. Sumarwi No. 30, Wonosari, Gunung Kidul,
Yogyakarta.
Telp. (0274) 391854
Fax. (0274) 391181
319
Annual Report 2013
KCP YOGYAKARTA KATAMSO
Jl. Brigjen Katamso No. 160, Keparakan, Mergangsan,
Yogyakarta.
Telp. (0274) 412424, 418084
Fax. (0274) 377290
KCP AMBARUKMO
Jl. Laksda Adi Sucipto No. 167, Kp. Ambarukmo Blok I,
Caturtunggal, Depok, Sleman, Yogyakarta.
Telp. (0274) 484202, 4533873
Fax. (0274) 484859
KCP GODEAN
Ruko Gading Mas, Jl. Godean Km. 4,4 No. 8 A, Sleman,
Yogyakarta.
Telp. (0274) 626027, 617798
Fax. (0274) 617798
KCP YOGYAKARTA KOTAGEDE
Jl. Gedong Kuning Selatan No. 5, Purbayan, Kotagede,
Yogyakarta.
Telp. (0274) 4438989, 4439102
Fax. (0274) 4439200
KCP YOGYAKARTA WIROBRAJAN
Jl. HOS Cokroaminoto No. 33A, Yogyakarta.
Telp. (0274) 5304007
Fax. (0274) 5304010
KCP BANTUL
Jl. Bantul Km. 10 No. 29, Melikan Lor, Desa Bantul, Kec.
Bantul, Kab. Bantul, Yogyakarta.
Telp. (0274) 367970
Fax. (0274) 367225
KCP SLEMAN
Jl. Raya Magelang Km. 10 No. 39, Bangunrejo, Kel.
Tridadi, Kec. Sleman, Kab. Sleman, Yogyakarta.
Telp. (0274) 864200
Fax. (0274) 864454
KCP POS YOGYAKARTA
Kantor Pos Yogyakarta, Jl. Panembahan Senopati No.
2, Yogyakarta.
Telp.-
Fax.KK BANTUL UMY
Kampus Terpadu UMY Yogyakarta, Gd AR Fachruddin
Rektorat B, Jl. Lingkar Barat, Tamantirto Kasihan,
Bantul, Yogyakarta.
Telp. (0274) 450215
Fax. (0274) 387655
KK YOGYAKARTA UII
Universitas Islam Indonesia, Ruang PPKF Lt. I, Fakultas
Teknik Sipil, Yogyakarta.
Telp. (0274) 898412, 898549
Fax. (0274) 898564
KK BANTUL
Jl. Jend. Sudirman No. B1-2, Bantul, Yogyakarta.
Telp. (0274) 367861, 367871 Fax. (0274) 367857
COMPANY
DATA
PP YOGYAKARTA JIH
Jogja International Hospital (JIH), Jl. Ring Road Utara,
No. 160, Depok, Sleman, Yogyakarta.
Telp. (0274) 4463052
Fax. (0274) 4463025
PP YOGYAKARTA UIN SUNAN KALIJAGA
Komp. UIN Sunan Kalijaga, Jl. Marsda Adi Sucipto, Gd.
Kampus Service Center UIN, Yogyakarta.
Telp. (0274) 519742
Fax. (0274) 519742
PP YOGYAKARTA UNIVERSITAS AHMAD DAHLAN
Universitas Ahmad Dahlan, Jl. Kapas No. 9, Semaki,
Yogyakarta.
Telp. (0274) 560310
Fax. (0274) 511829
PP YOGYAKARTA UAD II
Universitas Ahmad Dahlan, Jl. Pramuka No. 42 Sidikan,
Yogyakarta.
Telp.-
Fax.KC JAMBI
Jl. Jend. Gatot Subroto No. 127 A-B, Kel. Sungai
Asam, Kec. Pasar Jambi, Kota Jambi, Jambi.
Telp. (0741) 27730, 27788
Fax. (0741) 27733
KCP MUARA BUNGO
Jl. Prof. Muhammad Yamin, SH No. 21, Kab. Muara
Bungo, Jambi.
Telp. (0747) 323077
Fax. (0747) 322996
KCP JAMBI SIPIN
Jl. Kapt. Bakaruddin No. 72, Jambi.
Telp. (0741) 669910, 670220 Fax. (0741) 667533
KCP SAROLANGUN
Jl. Lintas Sumatera No. 34, Simpang III Kantor
Bupati Sarolangun, Kel. Sarolangun Kembang, Kec.
Sarolangun, Kab. Sarolangun, Jambi.
Telp. (0745) 92666
Fax. (0745) 92229
KCP JAMBI JELUTUNG
Jl. Hayam Wuruk No. 243, Kel. Jelutung, Kec. Jelutung,
Kota Jambi, Jambi.
Telp. (0741) 7551414, 7551122, 7554774
Fax. (0741) 7555444
KCP KUALA TUNGKAL
Jl. Jend. Sudirman No. 175, Kel. Tungkal IV Kota, Kec.
Tungkal Ilir, Kab. Tanjung Jabung Barat, Jambi.
Telp. (0742) 21313
Fax. (0742) 21771
KCP MUARA BULIAN
Jl. Lintas Muara Bulian-Muara Tembesi Km. 5 No.
17, Kel. Kampung Baru, Kec. Muara Tembesi, Kab.
Batanghari, Jambi.
Telp. (0743) 7325055
Fax. (0743) 7325409
KK JAMBI IAIN STS
Komplek IAIN Sulthan Thaha Saifuddin, Jl. Arif Rahman
Hakim, Kel. Simp. IV Sipin, Telanaipura, Kota Jambi,
Jambi.
Telp. (0741) 668069 Fax. (0741) 668069
KC BANDARLAMPUNG
Jl. R.A Kartini No. 99C - 99D, Bandarlampung,
Lampung.
Telp. (0721) 264088, 264188, 264788
Fax. (0721) 263588
KCP PRINGSEWU
Jl. Ahmad yani No. 130, Pringsewu, Kab. Tanggamus,
Lampung.
Telp. (0729) 22233 Fax. (0729) 23574
KCP BANDARLAMPUNG KEDATON
Jl. Teuku Umar No. 6 A-B, Kedaton, Bandarlampung,
Lampung.
Telp. (0721) 789600, 785111
Fax. (0721) 783207
KCP BANDARLAMPUNG PANJANG
Jl. Yos Sudarso No. 1 A-B, Kel. Pidada, Kec. Panjang,
Kodya. Bandarlampung, Lampung.
Telp. (0721) 341777, 342777
Fax. (0721) 31172
KCP KALIANDA
Jl. Raden Intan No. 55 E-G, Kalianda, Lampung Selatan,
Lampung.
Telp. (0727) 323366, 323367 Fax. (0727) 323399
KCP BANDARLAMPUNG TELUK BETUNG
Jl. Laksamana Malahayati No. 1 E/F, Kel. Teluk Betung,
Kec. Teluk Betung Selatan, Kota Bandarlampung,
Lampung.
Telp. (0721) 480111, 486773
Fax. (0721) 486777
KK KALIREJO
Jl. Jend. Sudirman No. 5, Desa Kalirejo, Kec. Kalirejo,
Kab. Lampung Tengah, Lampung.
Telp. (0729) 3703777
Fax. (0729) 370370
PP PRINGSEWU STKIP MUHAMMADIYAH
Jl. Makam KH. Ghalib No. 112, Pringsewu, Kab.
Tanggamus, Lampung.
Telp.-
Fax.PP BANDARLAMPUNG POLTEKES TANJUNG KARANG
Jl. Soekarno Hatta No. 1, Hajimena, Bandarlampung,
Lampung.
Telp.-
Fax.PP BANDARLAMPUNG UBL
Jl. Zainal Abidin Pagar Alam No. 26, Labuhan Ratu,
Bandarlampung, Lampung.
Telp.-
Fax.-
Annual Report 2013
320
KC SEMARANG
Jl. Pandanaran No. 90, Kel. Pekunden, Kec. Semarang
Tengah, Kota Semarang, Jawa Tengah.
Telp. (024) 3568891, 3568894
Fax. (024) 3568890
KCP UNGARAN
Jl. Diponegoro No. 205 Blok C dan D, Kel. Genuk, Kec.
Ungaran, Kab. Semarang, Jawa Tengah.
Telp. (024) 6925868, 6925865
Fax. (024) 6925869
KCP MAGELANG
Ruko TOP Square Blok A-5, Jl. Tentara Pelajar No. 1-5,
Magelang, Jawa Tengah.
Telp. (0293) 310260
Fax. (0293) 310283
KCP SEMARANG KARANGAYU
Ruko Siliwangi Plaza Blok A-5, Jl. Jend Sudirman No.
187-189, Karangayu, Semarang, Jawa Tengah.
Telp. (024) 70773184
Fax. (024) 7603139
KCP SEMARANG TIMUR
Jl. Majapahit No. 339 Kav. A, Gemah, Pedurungan,
Semarang, Jawa Tengah.
Telp. (024) 76747824
Fax. (024) 76747825
KCP PURWODADI
Jl. R. Suprapto No. 90, Kel. Purwodadi, Kec. Purwodadi,
Kab. Grobogan, Jawa Tengah.
Telp. (0292) 424019
Fax. (0292) 421619
KCP TEMANGGUNG
Jl. S. Parman No. 10, Temanggung, Jawa Tengah.
Telp. (0293) 4900006
Fax. (0293) 4900007
KCP GOMBONG
Komplek Pasar Wonokriyo Blok A-02 dan Blok A-03,
Desa Wonokriyo, Kec. Gombong, Kab. Kebumen, Jawa
Tengah.
Telp. (0287) 471533, 472244
Fax. (0287) 472324
KCP SEMARANG NGALIYAN
Jl. Prof. Dr. Hamka No. 11 Kav. 6 dan 7, Kel. Purwoyoso,
Kec. Ngaliyan, Kota Semarang, Jawa Tengah.
Telp. (024) 7617179
Fax. (024) 7613571
KCP SEMARANG BANYUMANIK
Jl. Setiabudi No. 152 Kav. 3 dan 5, Kel. Sumurboto, Kec.
Banyumanik, Kota Semarang, Jawa Tengah.
Telp. (024) 76482057, 76482058, 76482059
Fax. (024) 76482056
KCP SEMARANG MT. HARYONO
Jl. MT. Haryono No. 914 A, Kel. Peterongan, Kec.
Semarang Selatan, Kota Semarang, Jawa Tengah.
Telp. (024) 76585358, 76585359
Fax. (024) 76585355
PT Bank Syariah Mandiri
KCP GUBUG Jl. Bhayangkara No. 33, Kel. Gubug, Kec.
Gubug, Kab. Grobogan, Jawa Tengah.
Telp. (0292) 5135444
Fax. (0292) 5135408
KCP MAGELANG MUNTILAN
Jl. Pemuda Barat No. 17, Kel. Taman Agung, Kec.
Muntilan, Kab. Magelang, Jawa Tengah.
Telp. (0293) 3286898
Fax. (0293) 3286899
KCP SEMARANG AHMAD YANI
Jl. Jend. Ahmad Yani No. 136 A, RT 04 RW 01, Kel.
Karangkidul, Kec. Semarang Tengah, Kota Semarang,
Jawa Tengah.
Telp. (024) 8419292
Fax. (024) 8419294
KCP CIAWI
Jl. Raya Timur Ciawi No. 178, Kec. Ciawi, Kab.
Tasikmalaya, Jawa Barat.
Telp. (0265) 450001
Fax. (0265) 450002
KCP TASIKMALAYA SINGAPARNA
Jl. Raya Timur No. 74, Blok Cikiray, Kec. Singaparna,
Kab. Tasikmalaya, Jawa Barat.
Telp. (0265) 545090, 545091
Fax. (0265) 547070
KC PURWAKARTA
Jl. Raden Edi Martadinata, RT 25 RW 05, Kel. Nagri
Tengah, Kec. Purwakarta, Kab. Purwakarta, Jawa
Barat.
Telp. (0264) 231760
Fax. (0264) 231761
KCP SUBANG
Jl. Otto Iskandardinata No. 27, Subang, Jawa Barat.
Telp. (0260) 418075, 418076 Fax. (0260) 418077
KK CIAMIS RANCAH
Jl. Raya Rancah No. 166, Blok Rancah Hilir, Kel. Rancah,
Kec. Rancah, Kab. Ciamis, Jawa Barat.
Telp. (0265) 740752, 740037
Fax. (0265) 740029
KCP SUBANG PAMANUKAN
Jl. Ion Martasasmita No. 32, Pamanukan, Subang, Jawa
Barat.
Telp. (0260) 550900
Fax. (0260) 551500
KCP POS SEMARANG
Kantor Pos Besar Semarang,
Jl. Pemuda No. 4, Kota Semarang, Jawa Tengah.
Telp.-
Fax.-
KK CIAMIS BANJARSARI
Jl. Raya Banjarsari No. 93, Desa Banjarsari, Kec.
Banjarsari, Kab. Ciamis, Jawa Barat.
Telp. (0265) 653208, 653209
Fax. (0265) 653075
KCP PURWAKARTA PLERED
Jl. Raya Warung Kandang No. 11-12, Kec. Plered, Kab.
Purwakarta, Jawa Barat. Telp. (0264) 8280080, 8280081, 8280082, 8280083
Fax. (0264) 8280077
PP SEMARANG RS ROEMANI
Komplek RS. Roemani, Jl. Wonodri No. 22, Semarang,
Jawa Tengah.
Telp. (024) 8444623
Fax. (024) 8444623
KK CIAMIS
Ruko Pasar Ciamis, Jl. Letnan Samuji No. 17, Kel.
Ciamis, Kec. Ciamis, Kab. Ciamis, Jawa Barat.
Telp. (0265) 778088, 2752155
Fax. (0265) 2752154
KLS PURWAKARTA RS. THAMRIN
Rumah Sakit MH. Thamrin, Jl. Raya Bungursari No. 36,
Sadang, Purwakarta.
Telp. (0264) 8222229
Fax. (0264) 8222228
PP POLITEKNIK NEGERI SEMARANG (POLINES)
Jl. Prof. H. Soedarto, S. H., Tembalang, Semarang, Jawa
Tengah.
Telp.-
Fax.-
KK CIAMIS KAWALI
Jl. Raya Kawali No. 153, Desa Karangpawitan, Kec.
Kawali, Kab. Ciamis, Jawa Barat.
Telp. (0265) 2798001
Fax. (0265) 2798000
KC BENGKULU
Jl. Semangka No. 49, Lingkar Timur, Bengkulu.
Telp. (0736) 342007, 346498
Fax. (0736) 346707
PP SEMARANG UNDIP
Fakultas Ekonomika dan Bisnis UNDIP, Jl. Prof.
Soedarta SH, Tembalang, Semarang, Jawa Tengah.
Telp.-
Fax.-
KK TASIKMALAYA MANONJAYA
Jl. Prawiradiningrat No. 31 Bloko Babakan Asri, Desa
Manonjaya, Kec. Margaluyu, Kab. Tasikmalaya, Jawa
Barat.
Telp. (0265) 381105, 381108, 381130
Fax. (0265) 381132
PP UNIVERSITAS MUHAMMADIYAH SEMARANG
(UNIMUS)
Jl. Kedungmundu Raya No. 18, Semarang, Jawa
Tengah.
Telp.-
Fax.KC TASIKMALAYA
Jl. Otto Iskandardinata No. 5, Tasikmalaya, Jawa
Barat.
Telp. (0265) 312995, 312999
Fax. (0265) 311199
KK CIAMIS PANUMBANGAN
Dusun Sindang Harja RT 06 RW 05, Desa
Tanjungmulya, Kec. Panumbangan, Kab. Ciamis, Jawa
Barat.
Telp. (0265) 2460947, 2460946, 2460945
Fax. (0265) 2460944
KLS TASIKMALAYA RSUD
Jl. Rumah Sakit No. 33, Tasikmalaya, Jawa Barat.
Telp. (0265) 328613
Fax. (0265) 328546
KCP CIAMIS
Jl. Ir. H. Juanda, No. 191, Kab. Ciamis, Jawa Barat.
Telp. (0265) 761000
Fax. (0265) 777144
PP CIAMIS UNIVERSITAS GALUH
Jl. RE Martadinata No. 150, Kab. Ciamis, Jawa Barat.
Telp.-
Fax.-
KCP BANJAR
Jl. Letjen Suwarto No. 37, Kota Banjar, Jawa Barat.
Telp. (0265) 741392, 743434, 745500
Fax. (0265) 743444
PP TASIKMALAYA UNIVERSITAS SILIWANGI
Jl. Siliwangi No. 24, Kel. Kahuripan, Kec. Tawang, Kota
Tasikmalaya, Jawa Barat.
Telp.-
Fax.-
PT Bank Syariah Mandiri
321
Annual Report 2013
KCP CURUP
Jl. Merdeka No. 289, Curup, Kab. Rejang Lebong,
Bengkulu.
Telp. (0732) 325480, 23848, 24458 Fax. (0732) 325447
KCP BENGKULU S. PARMAN
Jl. S. Parman No. 62, Padang Jati, Bengkulu.
Telp. (0736) 21592, 343984, 21579
Fax. (0736) 24313
KCP KETAHUN
Jl. Flamboyan, Desa Giri Kencana, Kec. Ketahun, Kab.
Bengkulu Utara, Bengkulu.
Telp. (0737) 7524160
Fax. (0737) 7524164
PP BENGKULU UNIV. MUHAMMADIYAH
Kompl. Universitas Muhammadiyah Bengkulu, Jl. Bali
P.O. Box 113, Bengkulu.
Telp.-
Fax.KC PURWOKERTO
Jl. Jend. Sudirman No. 433, Purwokerto, Jawa
Tengah.
Telp. (0281) 641108, 641685
Fax. (0281) 625955
COMPANY
DATA
KCP PURBALINGGA
Jl. Jend. Sudirman No. 95, Purbalingga, Kab.
Purbalingga, Jawa Tengah.
Telp. (0281) 891414, 894000
Fax. (0281) 895567
KCP BANJARNEGARA
Jl. Letnan Jend. Suwondo Parman No. 31, Kab.
Banjarnegara, Jawa Tengah.
Telp. (0286) 5985994, 5985995
Fax. (0286) 5985998
KCP AJIBARANG
Jl. Raya Pancasan Blok F-7, Desa Ajibarang, Kec.
Ajibarang, Kab. Banyumas, Jawa Tengah.
Telp. (0281) 571898
Fax. (0281) 571069
PP PURWOKERTO STAIN
Jl. Ahmad Yani No. 40A, Purwokerto, Jawa Tengah.
Telp.-
Fax.PP BANJARNEGARA RSI
Gedung Yayasan RS Islam Banjarnegara, Jl. Raya
Bawang Km. 08, Banjarnegara, Jawa Tengah.
Telp.-
Fax.PP PURWOKERTO AL IRSYAD AL ISLAMIYAH
Yayasan Al Irsyad Al Islamiyah Purwokerto, Jl.
Ragasemangsang No. 24, Purwokerto, Jawa Tengah.
Telp.-
Fax.KC PANGKAL PINANG
Jl. Masjid Jamik No. 123, Pangkal Pinang, Kep.
Bangka Belitung.
Telp. (0717) 432229, 433177
Fax. (0717) 431445
KCP TANJUNG PANDAN
Jl. Sriwijaya No. 37, Tanjung Pandan, Belitung, Kep.
Bangka Belitung.
Telp. (0719) 21907, 21249
Fax. (0719) 21864
KCP SUNGAI LIAT
Ruko Sungai Liat Town Square, Jl. Muhidin Blok A2-A3,
Kec. Sungai Liat, Kab. Bangka, Kep. Bangka Belitung.
Telp. (0717) 93006, 93007
Fax. (0717) 95880
KC CILACAP
Jl. A. Yani No. 97, Cilacap, Jawa Tengah.
Telp. (0282) 531015, 531038 Fax. (0282) 535870
KCP CILACAP MAJENANGJl. Diponegoro No. 60,
Desa Sindangsari, Kec. Majenang, Kab. Cilacap, Jawa
Tengah.
Telp. (0280) 623095, 623090, 623091
Fax. (0280) 623310
PP CILACAP AL AZHAR
Perguruan Islam Al Azhar, Jl. Galunggung No. 8 RT
04/11, Kel. Sidanegara, Kec. Cilacap Tengah, Cilacap,
Jawa Tengah.
Telp. (0282) 536362 Fax.KC KUDUS
Ruko Ahmad Yani No. 9, Jl. Ahmad Yani, Kab. Kudus,
Jawa Tengah.
Telp. (0291) 439272
Fax. (0291) 439274
KCP JEPARA
Jl. Pemuda No. 12 A-B, Desa Panggang, Kec. Jepara,
Kab. Jepara, Jawa Tengah. Telp. (0291) 595599
Fax. (0291) 595699
PP UNIVERSITAS MURIA KUDUS
Komplek UMK, Jl. Gondang Manis, Kec. Bae, Kab.
Kudus, Jawa Tengah.
Telp.-
Fax.KC BANDAR JAYA
Komp. Pertokoan Central Niaga Bandar Jaya No. 1-3,
Jl. Proklamator Raya, Yukum Jaya, Lampung Tengah,
Lampung.
Telp. (0725) 529825, 529826
Fax. (0725) 529831
KCP KOTABUMI
Jl. Jendral Sudirman No. 211, Kel. Tanjung Aman, Kec.
Kotabumi Selatan, Kab. Lampung Utara, Lampung. Telp. (0724) 22892, 22893
Fax. (0724) 22688
KCP LIWA
Jl. Raden Intan II, Kel. Pasar Liwa, Kec. Balik Bukit, Kab.
Lampung Barat, Lampung.
Telp. (0728) 21555, 21556
Fax. (0728) 21233
KCP UNIT 2 TULANG BAWANG
Jl. Raya Lintas Timur No. 24-25 Unit 2, Kampung Dwi
Warga Tunggal Jaya, Kec. Banjar Agung, Kab. Tulang
Bawang, Lampung.
Telp. (0726) 750169
Fax. (0726) 750279
PP KANTOR KEMENAG LAMPUNG TENGAH
Jl. H. Muhtar No. 1, Kec. Gunung Sugih, Kab. Lampung
Tengah, Lampung.
Telp.-
Fax.PP BANDARLAMPUNG GREAT GIANT PINEAPLE
COMPANY
Kompleks PT. Great Giant Pineaple, Jl. Raya Arah
Menggala KM 77, Lampung Tengah, Bandarlampung,
Lampung.
Telp. (0725) 7573001
Fax. (0725) 7573001
Annual Report 2013
322
PP BANDARLAMPUNG GUNUNG MADU
Kompl. Gunung Madu Plantations Km 90 Gunung
Batin, Lampung Tengah, Bandarlampung, Lampung.
Telp. (0725) 561700
Fax. (0725) 561800
KC TEGAL
Jl. Gajahmada No. 90, Tegal, Jawa Tengah.
Telp. (0283) 325300, 325301
Fax. (0283) 351460
KCP BREBES
Jl. Ahmad Yani No. 21, Brebes, Jawa Tengah.
Telp. (0283) 6177837
Fax. (0283) 6177577
KCP TEGAL ADIWERNA
Jl. Raya Adiwerna No. 6, Kab. Tegal, Jawa Tengah.
Telp. (0283) 444222, 444573
Fax. (0283) 444575
KCP POS TEGAL
Kantor Pos Tegal, Jl. Proklamasi No. 2, Tegal, Jawa
Tengah.
Telp.-
Fax.KC KETAPANG
Jl. MT. Haryono No. 111-112, Kab. Ketapang,
Kalimantan Barat.
Telp. (0534) 34600
Fax. (0534) 34395
KCP KETAPANG MANIS MATA
Jl. Pontianak No. 3, Kec. Manis Mata, Kabupaten
Ketapang, Kalimantan Barat.
Telp. 0811560533, 0816222030
Fax.0816221030
KC BATURAJA
Jl. Slamet Riadi No. 231, RT. 02/02, Kel. Kemalaraja,
Kec. Baturaja Timur, Kab. Ogan Komering Ulu,
Sumatera Selatan.
Telp. (0735) 325111
Fax. (0735) 322552
KCP BELITANG
Jl. Nusa Indah No. 5, Pasar Lama Gumawang, Desa
Gumawang, Kec. Belitang, Kab. Ogan Komering Ulu
Timur, Sumatera Selatan.
Telp. (0735) 450161
Fax. (0735) 451313
KCP OGAN KOMERING ULU TIMUR
Jl. Merdeka, Kel. Jati Rahayu, Kec. Martapura, Kab.
Ogan Komering Ulu Timur, Sumatera Selatan.
Telp. (0735) 482277
Fax. (0735) 482266
KC PRABUMULIH
JL. Jend. Sudirman No. 7-8 Rt 01/10, Kel. Muara dua,
Kec. Prabumulih Timur, Kota Prabumulih, Sumatera
Selatan.
Telp. (0713) 322888
Fax. (0713) 322565
PT Bank Syariah Mandiri
KCP LAHAT
Jl. May. Ruslan III No. 27, Pasar Lama, Lahat, Kab. Lahat,
Sumatera Selatan.
Telp. (0731) 323153, 325924
Fax. (0731) 324701
KCP CIMAHI BAROS
Jl. Baros No. 49, Kel. Utama, Kec. Cimahi Selatan, Kota
Cimahi, Jawa Barat.
Telp. (022) 86619106
Fax. (022) 86619096
KCP JATINANGOR
Jl. Raya Jatinangor No. 158, Desa Cikeruh, Kec.
Jatinangor, Kab. Sumedang, Jawa Barat.
Telp. (022) 7792039
Fax. (022) 7792049
KCP TANJUNG ENIM
Jl. Pasar Bawah Tanjung Enim, Kel. Pasar Tanjung
Enim, Kec. Lawang Kidul, Kab. Muara Enim, Sumatera
Selatan.
Telp. (0734) 452363, 452576, 452380, 452403 Fax. (0734) 452536
KC BANDUNG KOPO
Jl. Kopo No. 36, Panjunan, Astanaanyar, Bandung,
Jawa Barat.
Telp. (022) 6044881, 6044882, 6073199
Fax. (022) 6070100
KCP POS BANDUNG
Kantor Pos Bandung, Jl. Asia Afrika No. 49, Kel. Braga,
Kec. Sumur Bandung, Kota Bandung, Jawa Barat.
Telp. (022) 4222001
Fax. (022) 4222001
KCP BANDUNG BUAH BATU
Jl. Buah Batu Raya No. 151 A-B, Bandung, Jawa
Barat.
Telp. (022) 7302114
Fax. (022) 7322301
PP BANDUNG UIN SGD
Gedung Fakultas Ushuluddin UIN SGD Bandung Lantai
1, Jl. A. H. Nasution No. 105, Kota Bandung, Jawa
Barat.
Telp.-
Fax.-
KC SUKABUMI
Jl. RE. Martadinata No. 38, Gunung Parang, Cikole,
Sukabumi, Jawa Barat.
Telp. (0266) 243888
Fax. (0266) 243898
KCP CICURUG
Jl. Siliwangi, Lebak Sari RT 02/08, Cicurug, Sukabumi,
Jawa Barat.
Telp. (0266) 732852
Fax. (0266) 732855
KCP SUKABUMI SURADE
Jl. Raya Surade No. 49, Kel. Surade, Sukabumi, Jawa
Barat. Telp. (0266) 6493010
Fax. (0266) 6493004
KCP SUKABUMI CIBADAK
Jl. Surya Kencana No. 196, RT 03/08, Kel. Cibadak, Kec.
Cibadak, Kab. Sukabumi, Jawa Barat.
Telp. (0266) 535080
Fax. (0266) 535081
KCP BANDUNG MOH. TOHA
Jl. Moh. Toha No. 184, Kel. Karasak, Kec. Astanaanyar,
Kota Bandung, Jawa Barat.
Telp. (022) 5210660
Fax. (022) 5211171
PP YBPPI BALEENDAH
YBPPI Baleendah Jl. Adipati Agung No. 23, Kec.
Baleendah, Kab. Bandung, Jawa Barat.
Telp.-
Fax.KC PATI
Jl. P. Sudirman No. 207, Plaza Pati Blok A1-A2, Kel.
Pati Lor, Kab. Pati, Jawa Tengah.
Telp. (0295) 386699
Fax. (0295) 387799
KCP POS SUKABUMI
Jl. A. Yani No. 42, Kota Sukabumi, Jawa Barat.
Telp.-
Fax.-
KC SAMBAS
Jl. Gusti Hamzah No. 41, Dusun Kubu, Desa Durian,
Kec. Sambas, Kab. Sambas, Kalimantan Barat.
Telp. (0562) 391900
Fax. (0562) 392200
PP SUKABUMI POLTEKES YAPKESBI
Poltekes Yapkesbi Sukabumi, Jl. Subang Jaya No. 12A,
Ciaul Pasir, Kota Sukabumi, Jawa Barat.
Telp.-
Fax.-
KC BANDUNG AHMAD YANI
Jl. Jendral Ahmad Yani No. 252, Kel. Kacapiring, Kec.
Batununggal, Bandung, Jawa Barat.
Telp. (022) 7202688, 7231090, 082819030694
Fax. (022) 7271334
PP UNIVERSITAS MUHAMMADIYAH SUKABUMI
Universitas Muhammadiyah Sukabumi, Jl. R.
Syamsudin SH No. 50, Kota Sukabumi, Jawa Barat.
Telp.-
Fax.-
KCP BANDUNG METRO MARGAHAYU
Komplek Metro Indah Mall Kav. C-1, Jl. Soekarno
Hatta No. 590 A, Sekejati, Margacinta, Bandung, Jawa
Barat.
Telp. (022) 7535657
Fax. (022) 7536332
KC CIMAHI
Jl. Jend. Amir Machmud No. 118, Cibabat, Cimahi,
Jawa Barat.
Telp. (022) 6632228 Fax. (022) 6632212
KCP PADALARANG
Jl. Raya Purwakarta No. 109, Padalarang, Bandung
Barat, Jawa Barat. Telp. (022) 6806784, 6806785
Fax. (022) 6803952
PT Bank Syariah Mandiri
KCP BANDUNG UJUNG BERUNG
Pertokoan Cyber Plaza Ruko Blok A No. 12-15, Jl.
AH. Nasution No. 46A, Ujung Berung, Pakemitan,
Cinambo, Bandung, Jawa Barat.
Telp. (022) 87880001, 87880002
Fax. (022) 87880004
KCP BANDUNG RANCAEKEK
Jl. Rancaekek Raya No. 28, Kec. Rancaekek, Kab.
Bandung, Jawa Barat.
Telp. (022) 7790022, 7790024
Fax. (022) 7792632
323
Annual Report 2013
KC KENDAL
Jl. Raya Soekarno Hatta No. 325, Kel. Pegulon, Kec.
Kendal, Kab. Kendal, Jawa Tengah.
Telp. (0294) 388173, 388175 Fax. (0294) 388172
PP KENDAL KEMENTERIAN AGAMA
Jl. Pemuda No. 104A, Kendal, Jawa Tengah.
Telp.-
Fax.KC SALATIGA
Jl. Diponegoro Ruko Salatiga Square No. 77-A6 dan
77-A7, Kel. Sidorejo Lor, Kec. Sidorejo, Kota Salatiga,
Jawa Tengah.
Telp. (0298) 328558, 328885
Fax. (0298) 314407
KC METRO
Jl. Jend. Sudirman No. 43 E-F, Kel. Imopura, Kec.
Metro Pusat, Kota Metro, Lampung.
Telp. (0725) 7851606
Fax. (0725) 7851605
KK SRIBHAWONO
Jl. Panjang Sribhawono, Desa Srimenanti, Kec. Bandar
Sribhawono, Kab. Lampung Timur, Lampung.
Telp. (0725) 660800, 660802
Fax. (0725) 660700
KC SINGKAWANG
Jl. Alianyang No. 16 C-D, Kel. Melayu, Kec.
Singkawang Barat, Kota Singkawang, Kalimantan
Barat.
Telp. (0562) 639866
Fax. (0562) 639865
KC PALEMBANG PASAR 16 ILIR
Pasar 16 Ilir, Jl. Masjid Lama No. 30-31, Palembang,
Sumatera Selatan.
Telp. (0711) 377244, 377322
Fax. (0711) 353594
KC CIANJUR
Jl. Siliwangi No. 6, Kel. Pamoyanan, Kec. Cianjur, Kab.
Cianjur, Jawa Barat.
Telp. (0263) 284648
Fax. (0263) 284677
COMPANY
DATA
KCP CIPANAS
Komplek Ruko No. 11 , Jl. Raya Cipanas, Cianjur, Jawa
Barat.
Telp. (0263) 520299
Fax. (0263) 520399
KCP CIANJUR SUKANAGARA
Jl. Raya Cianjur Sukanagara No. 22 RT. 01 RW. 01,
Sukanagara, Cianjur, Jawa Barat.
Telp. (0263) 341400, 341401
Fax. (0263) 341404
KCP POS CIANJUR
Jl. Siti Jenab No. 39, Kec. Cianjur, Kab. Cianjur, Jawa
Barat.
Telp.-
Fax.PP CIANJUR GEDUNG BAZJl. Sadewata No. 108-B,
Bojong Karang Tengah, Cianjur, Jawa Barat.
Telp.-
Fax.KC GARUT
Jl. Ciledug No. 148-149, Kel. Kota Kulon, Kec. Garut
Kota, Kab. Garut, Jawa Barat.
Telp. (0262) 243689, 243692
Fax. (0262) 233137
KCP GARUT KADUNGORA
Jl. Raya Kadungora No. 174, Kab. Garut, Jawa Barat.
Telp. (0262) 2458434, 2458435
Fax. (0262) 2458437
KCP POS GARUT
Jl. A. Yani No. 40, Kec. Garut Kota, Kab. Garut, Jawa
Barat.
Telp.-
Fax.PP GARUT DARUL ARQOM
Lembaga Pendidikan Ma’had Darul Arqam
Muhammadiyah, Jl. Ciledug No. 264/36, Garut, Jawa
Barat.
Telp. (0262) 236109
Fax. (0262) 236109
KC PALEMBANG SIMPANG
PATAL Jl. R. Soekamto No. 6A, Kel. 8 Ilir, Kec. Ilir Timur
II, Kota Palembang, Sumatera Selatan.
Telp. (0711) 360789, 370901, 361700
Fax. (0711) 361311
REGION IV
KC SURABAYA
Jl. Raya Darmo No. 17, Surabaya, Jawa Timur.
Telp. (031) 5674848, 5679842, 5677062 Fax. (031) 5679841
KCP SURABAYA AMPEL
Jl. Kyai Haji Mas Mansyur No. 238, Kel. Ampel, Kec.
Semampir, Kota Surabaya, Jawa Timur.
Telp. (031) 3574850, 3574851, 3574940
Fax. (031) 3537102
KCP SURABAYA MULYOSARI
Jl. Raya Mulyosari No. 24 C, Surabaya, Jawa Timur.
Telp. (031) 5911284, 5911286
Fax. (031) 5949222
KCP SURABAYA DHARMAHUSADA
Jl. Dharmahusada No. 147, Surabaya, Jawa Timur.
Telp. (031) 5962361, 5966285, 5967744 Fax. (031) 5966281
KCP SURABAYA KAPAS KRAMPUNG
Jl. Kapas Krampung No. 108, Surabaya, Jawa Timur. Telp. (031) 5012277 Fax. (031) 5014627
KCP SURABAYA TANJUNG PERAK
Jl. Perak Timur No. 564 Blok A2, Surabaya, Jawa
Timur.
Telp. (031) 3286372, 3285301 Fax. (031) 3286917
KCP SURABAYA BARATA
Jl. Ngagel Jaya Selatan RMI B-4, Kel. Baratajaya, Kec.
Gubeng, Surabaya, Jawa Timur.
Telp. (031) 5024986, 5025150, 5025082
Fax. (031) 5025121
KCP SURABAYA KEDUNGDORO
Ruko Golden, Jl. Kedungdoro No. 92 B, Kel. Sawahan,
Kec. Sawahan, Surabaya, Jawa Timur. Telp. (031) 5321639, 5321637, 53321649 Fax. (031) 5321678
KCP SURABAYA WONOCOLO
Jl. Raya Margorejo Indah No. 92, Wonocolo, Surabaya,
Jawa Timur.
Telp. (031) 8418531, 8418673, 8418873
Fax. (031) 8418923
KCP SURABAYA KLAMPIS
Jl. Klampis Jaya No. 10A Blok B-1, Sukolilo, Surabaya,
Jawa Timur.
Telp. (031) 5998438, 5992981, 5993068
Fax. (031) 5992965
KCP SURABAYA JEMBATAN MERAH
Jl. Rajawali No. 70 C, Krembangan, Surabaya, Jawa
Timur.
Telp. (031) 3532491, 3532492, 3532494
Fax. (031) 3532495
KCP SURABAYA KUSUMA BANGSA
Jl. Kusuma Bangsa No. 25 Kav. D-E, Surabaya, Jawa
Timur. Telp. (031) 5344827,5321883
Fax. (031) 5321899
KCP SURABAYA RUNGKUT
Jl. Raya Rungkut Kidul Industri No. 36, Rungkut,
Surabaya, Jawa Timur.
Telp. (031) 8418302, 8418373, 8418314 Fax. (031) 8418397
KCP MITRA MANDIRI KEMBANG JEPUN
Gedung Bank Mandiri Kantor Cabang Pembantu
Kembang Jepun, Jl. Kembang Jepun No. 168-170, Kel.
Nyamplungan, Kec. Pabean Cantikan, Kota Surabaya,
Annual Report 2013
324
Jawa Timur.
Telp. (031) 72941524
Fax. (031) 3537722
PP SIDOARJO AL MUSLIM
Yayasan Al Muslim, Jl. Raya Wadung Asri 39-F, Waru,
Sidoarjo, Jawa Timur. Telp. (031) 60112416
Fax. (031) 8674386
PP SURABAYA ITATS
Kampus ITATS, Jl. Arif Rachman Hakim No. 100,
Surabaya, Jawa Timur.
Telp. (031) 5912381
Fax. (031) 5912381
PP GRESIK PONPES QOMARUDIN
Yayasan Pondok Pesantren Qomaruddin (YPPQ), Jl.
Raya Bungah 01, Bungah, Gresik, Jawa Timur.
Telp.-
Fax.PP SURABAYA AL FITHRAH
Jl. Kedinding Lor No. 99, Surabaya, Jawa Timur.
Telp. (031) 3761376
Fax.PP SIDOARJO YAYASAN AL FALAH DARUSSALAM
Yayasan Masjid Darussalam Tropodo, Jl. Anggrek No.
1, Wisma Tropodo, Kel. Kepuh, Kec. Tropodo, Kota
Sidoarjo, Jawa Timur.
Telp.-
Fax.PP SURABAYA STIE MAHARDHIKA
Jl. Wisata Menanggal No. 42 B, Kota Surabaya, Jawa
Timur.
Telp.-
Fax.KC PAMEKASAN
Jl. KH. Agus Salim No. 3A, Pamekasan, Jawa Timur.
Telp. (0324) 331223, 331224, 331225
Fax. (0324) 331218
KCP BANGKALAN
Jl. KH. Moh. Kholil No. 52, Bangkalan, Jawa Timur.
Telp. (031) 3093380
Fax. (031) 3093379
KCP SUMENEP
Jl. Trunojoyo No. 49, Kel. Pajagalan, Kec. Kota
Sumenep, Kab. Sumenep, Jawa Timur.
Telp. (0328) 673431
Fax. (0328) 669300
KCP SAMPANG
Jl. KH. Wahid Hasyim No. 24, Sampang, Jawa Timur.
Telp. (0323) 324123
Fax. (0323) 324111
KC MALANG
Jl. Letjen Sutoyo No. 77B, Kel. Lowokwaru, Kec.
Lowokwaru, Kota Malang, Jawa Timur.
Telp. (0341) 402290
Fax. (0341) 495311
PT Bank Syariah Mandiri
KCP PASURUAN
Jl. Panglima Sudirman No. 14C, Pasuruan, Jawa
Timur.
Telp. (0343) 431588, 431589 Fax. (0343) 431618
KCP POS MALANG
Kantor Pos Malang, Jl. Merdeka Selatan No. 5, Kec.
Kloten, Kota Malang, Jawa Timur.
Telp. (0341) 347796
Fax.-
KCP PROBOLINGGO
Ruko Manunggal No. 7, Jl. Soekarno-Hatta,
Probolinggo, Jawa Timur.
Telp. (0335) 428899 Fax. (0335) 420530
KCP MALANG PASAR BESAR
Jl. Pasar Besar No. 138, RT. 004 RW. 003, Kel. Sukoharjo,
Kec. Klojen, Kota Malang, Jawa Timur.
Telp. (0341) 347463
Fax. (0341) 347456
KCP MALANG BATU
Jl. Diponegoro 8, Sisir, Kota Batu, Jawa Timur.
Telp. (0341) 5025550, 5025551, 594004 Fax. (0341) 591172
KK MALANG DINOYO
Jl. Tlogo Mas No. 10, Dinoyo, Malang, Jawa Timur.
Telp. (0341) 552700, 5707212
Fax. (0341) 570710
KCP KEPANJEN
Jl. Ahmad Yani No. 103 B, Kepanjen, Kab. Malang, Jawa
Timur.
Telp. (0341) 396093
Fax. (0341) 391358
PP LUMAJANG STAIM
PP Miftahul Ulum, Desa Banyuputih, Kec.
Randuagung, Kab. Lumajang, Jawa Timur.
Telp.-
Fax.-
KCP PANDAAN
Pertokoan Central Niaga Blok A1, Jl. Ahmad Yani No.
321, Pandaan, Pasuruan, Jawa Timur.
Telp. (0343) 639262, 639263
Fax. (0343) 639266
PP LUMAJANG STAIS
PP Kyai Syarifuddin, Desa Wonorejo, Kec.
Kedungjajang, Kab. Lumajang, Jawa Timur.
Telp.-
Fax.-
KCP TULUNGAGUNG
Ruko Kepatihan 7-8, Jl. Panglima Sudirman No. 51,
Tulungagung, Jawa Timur.
Telp. (0355) 334455
Fax. (0355) 333130
KCP LUMAJANG
Jl. Panglima Besar Sudirman No. 45, Kel. Tompokersan,
Kec. Lumajang, Kab. Lumajang, Jawa Timur.
Telp. (0334) 882795, 889635
Fax. (0334) 881335
PP MALANG MAN 3
MAN 3 Malang, Jl. Bandung No. 7, Kel. Penanggungan,
Kec. Klojen, Kota Malang, Jawa Timur.
Telp.-
Fax.-
KCP KEDIRI PARE
Jl. W. R. Supratman No. 11 A, Pare, Kediri, Jawa
Timur.
Telp. (0354) 397111
Fax. (0354) 397804
KCP LAWANG
Perumahan Lawang View, Ruko 3-4 Kavling III, Jl. Raya
Lawang View, Kel. Lawang, Kec. Lawang, Kab. Malang,
Jawa Timur.
Telp. (0341) 423200
Fax. (0341) 423419
KC MATARAM
Jl. Hasanudin No. 40, Mataram, Nusa Tenggara
Barat.
Telp. (0370) 644888, 622300, 622700
Fax. (0370) 634999
KCP NGANJUK
Jl. Ahmad Yani No. 199, Kel. Payaman, Kec. Nganjuk,
Kab. Nganjuk, Jawa Timur.
Telp. (0358) 324700
Fax. (0358) 324798
KCP SUMBAWA
Jl. Diponegoro No. 40, Sumbawa, Nusa Tenggara
Barat.
Telp. (0371) 22255
Fax. (0371) 625300
KCP TRENGGALEK
Jl. Panglima Sudirman No. 36, Trenggalek, Jawa
Timur.
Telp. (0355) 794131, 794164, 794347, 794502,
793851
Fax. (0355) 794517
KCP MALANG SINGOSARI
Ruko Puri Kendedes A2-1, Jl. Raya Mondoroko (Jl. Raya
Singosari), Kec. Singosari, Kab. Malang, Jawa Timur.
Telp. (0341) 451511, 451220
Fax. (0341) 451225
KCP MALANG TUMPANG
Jl. Raya Kauman No. 604 G-604 H, Desa Tumpang, Kec.
Tumpang, Kab. Malang, Jawa Timur.
Telp. (0341) 789496, 789497, 789498
Fax. (0341) 789292
KCP MALANG SOEKARNO HATTA
Jl. Raya Sukarno Hatta Kav 5D No. 400, Kel. Mojolangu,
Kec. Lowokwaru, Kota Malang, Jawa Timur. Telp. (0341) 415677, 415441
Fax. (0341) 482308
KCP MALANG TUREN
Jl. Panglima Sudirman No. 8, Kel. Turen, Kec. Turen,
Kab. Malang, Jawa Timur.
Telp. (0341) 827111
Fax. (0341) 827333
PT Bank Syariah Mandiri
KCP PANCOR
Jl. TG KH. Muhammad Zainuddin Abdul Majid No. 85,
Pancor, Kab. Lombok Timur, Nusa Tenggara Barat.
Telp. (0376) 23772, 23774
Fax. (0376) 23773
KCP PRAYA
Jl. Jenderal Sudirman No. 1, Praya, Lombok Tengah,
Nusa Tenggara Barat.
Telp. (0370) 653159
Fax. (0370) 654394
KCP BIMA
Jl. Sultan Kaharudin, Kompleks Sultan Square A4-A5,
Kec. Saranae Barat, Bima, Nusa Tenggara Barat.
Telp. (0374) 44222
Fax. (0374) 44448
KCP POS MATARAM
Kantor Pos Mataram, Jl. Sriwijaya, Mataram, Nusa
Tenggara Barat.
Telp.-
Fax.-
325
Annual Report 2013
PP FE UNIVERSITAS MATARAM
Jl. Majapahit No. 62, Mataram, Nusa Tenggara Barat.
Telp. (0370) 648666
Fax. (0370) 648666
PP PANCOR STKIP HAMZANWADI
Kampus STKIP Hamzanwadi Pancor, Jl. TGKH M
Zainuddin Abdul Majid No. 70, Pancor, Kab. Lombok
Timur, Nusa Tenggara Barat.
Telp.-
Fax.PP BIMA STKIP TAMAN SISWA
Jl. Raya Lintas Tente - Bima, Palibelo, Kab. Bima, Nusa
Tenggara Barat.
Telp.-
Fax.KC KEDIRI
Jl. Hayam Wuruk No. 49, Kediri, Jawa Timur.
Telp. (0354) 672000
Fax. (0354) 672105
KCP TULUNGAGUNG NGUNUT
Jl. Raya Ngunut II No. 56, Desa Ngunut, Kec. Ngunut,
Kab. Tulungagung, Jawa Timur.
Telp. (0355) 395000, 399847, 399848, 399849,
399850, 399851
Fax. (0355) 399850
PP TULUNGAGUNG PENGADILAN AGAMA
Jl. Soekarno Hatta No. 117, Tulungagung, Jawa
Timur.
Telp.-
Fax.PP KEDIRI STAIN
STAIN Kediri, Jl. Sunan Ampel No. 7, Kab. Kediri, Jawa
Timur.
Telp.-
Fax.-
COMPANY
DATA
PP RS AURA SYIFA
Jl. Joyoboyo No. 42, Dlopo, Kediri, Jawa Timur.
Telp.-
Fax.PP RSM SITI KHODIJAH
Jl. Dr. Soetomo No. 322, Sukorejo Gurah, Kab. Kediri,
Jawa Timur.
Telp.-
Fax.PP PONPES AL UBAIDAH KERTONOSO Jl. Ahmad Yani
No. 100, Kec. Kertonoso, Kab. Nganjuk, Jawa Timur.
Telp.-
Fax.KC JEMBER
Jl. P. B. Sudirman No. 41-43, Jember, Jawa Timur.
Telp. (0331) 411522
Fax. (0331) 411525
KCP BONDOWOSO
Jl. P. B. Sudirman No. 1, Bondowoso, Jawa Timur.
Telp. (0332) 427999
Fax. (0332) 432844
KCP SITUBONDO
Jl. Pemuda No. 187, Situbondo, Jawa Timur.
Telp. (0338) 671700
Fax. (0338) 674121
KCP JEMBER BALUNG
Jl. Rambipuji No. 78, Kab. Jember, Jawa Timur.
Telp. (0336) 621717 Fax. (0336) 621711
KCP POS JEMBER
Jl. PB. Sudirman No. 5, Kab. Jember, Jawa Timur.
Telp.-
Fax.KK JEMBER PASAR TANJUNG
Jl. Trunojoyo No. 165 A, Jember, Jawa Timur.
Telp. (0331) 411744
Fax. (0331) 410833
KK JEMBER UNIVERSITAS MUHAMMADIYAH
Jl. Karimata No. 49, Jember, Jawa Timur.
Telp. (0331) 323558
Fax. (0331) 336077
KK JEMBER KALISAT
Jl. Diponegoro No. 66, Kec. Kalisat, Kab. Jember, Jawa
Timur.
Telp. (0331) 592069
Fax. (0331) 592074
PP JEMBER STAIN
Sekolah Tinggi Agama Islam Negeri Jember Jl. Jum’at
No. 94, Mangil, Jember, Jawa Timur.
Telp. (0331) 411500 Fax. (0331) 411500
PP SUKOREJO PONPES SALAFIYAH SYAFI’IYAH
Jl. KHR. Syamsul Arifin RT/RW 001/016 (Depan Pondok
Nurul Qoni’) Sukorejo, Dusun Sumberrejo, Kec.
Banyuputih, Kab. Situbondo, Jawa Timur.
Telp.-
Fax.PP JEMBER AKBID BINA HUSADA
Jl. Tidar No. 19, Kel. Karangrejo, Kec. Sumbersari, Kab.
Jember, Jawa Timur.
Telp.-
Fax.PP JEMBER PONPES DARUS SHOLAH
Jl. Moch. Yamin No. 25, Kec. Kaliwates, Kab. Jember,
Jawa Timur.
Telp.-
Fax.KC DENPASAR
Jl. Raya Puputan No. 114, Kel. Sumerta Klod, Kec.
Denpasar Timur, Kota Denpasar, Bali.
Telp. (0361) 231999
Fax. (0361) 237100
KCP BULELENG
Jl. Erlangga No. 14, Buleleng, Bali.
Telp. (0362) 32666, 25968, 25969
Fax. (0362) 27747
KCP DENPASAR GATOT SUBROTO
Jl. Gatot Subroto No. 45, Desa Putri Kaja, Kec.
Denpasar Barat, Kota Denpasar, Bali.
Telp. (0361) 432595
Fax. (0361) 434045
KCP DENPASAR WR SUPRATMAN
Jl. WR Supratman No. 282, Kesiman Kertalangu,
Denpasar Timur, Kota Denpasar, Bali. Telp. (0361) 463222, 465539, 463030
Fax. (0434) 465500
KCP MITRA BSHB GUNUNG AGUNG
Kantor Bank Sinar Harapan Bali, Jl. Gunung Agung No.
21, Kel. Pemecutan Kaja, Kec. Denpasar Barat, Kota
Denpasar, Bali.
Telp.-
Fax.KCP MITRA BSHB WATURENGGONG
Kantor Bank Sinar Harapan Bali, Jl. Waturenggong No.
72, Kel. Panjer, Kec. Denpasar Selatan, Kota Denpasar,
Bali.
Telp.-
Fax.PP DENPASAR ALBANNA SCHOOL
Gedung Sekolah Albanna Bali, Jl. Tukad Yeh HO III No.
16, Denpasar, Bali.
Telp.-
Fax.KC BANYUWANGI
Jl. Basuki Rakhmat No. 30, Kel. Singotrunan, Kec.
Banyuwangi, Kab. Banyuwangi, Jawa Timur.
Telp. (0333) 418624, 418625, 418626, 418627
Fax. (0333) 418628
KCP GENTENG
Jl. Gajah Mada no. 159
(d.h. Jl. D.P.U), Kel. Genteng Kulon, Kec. Genteng, Kab
Banyuwangi, Jawa Timur.
Telp. (0333) 842891, 842892 Fax. (0333) 842893
KCP BANYUWANGI JAJAG
Jl. P. B. Sudirman No. 52, Desa Jajag, Kec. Gambiran,
Kab. Banyuwangi, Jawa Timur.
Telp. (0333) 395700, 395789
Fax. (0333) 395899
KCP KUTA
Jl. Raya Kuta No. 129A, Kuta, Badung, Bali.
Telp. (0361) 754222
Fax. (0361) 763415
KCP BANYUWANGI MUNCAR
Jl. Raya Muncar No. 117, Desa Tembokrejo, Kec.
Muncar, Kab. Banyuwangi, Jawa Timur.
Telp. (0333) 594556
Fax. (0333) 592432
KCP MITRA BSHB MELATI
Jl. Melati No. 65, Kel. Sumertha Kauh, Kec. Denpasar
Timur, Kota Denpasar, Bali.
Telp. (0361) 244624
Fax.-
KCP BANYUWANGI ROGOJAMPI
Jl. Raya Rogojampi No. 189, Desa Gitik, Kec.
Rogojampi, Kab. Banyuwangi, Jawa Timur.
Telp. (0333) 636321
Fax. (0333) 636323
KCP MITRA BSHB SUKAWATI
Jl. Raya Sukawati, Kel. Sukawati, Kec. Sukawati, Kab.
Gianyar, Bali.
Telp. (0361) 8728555, 8728222
Fax.-
KCP POS BANYUWANGI
Jl. Diponegoro No. 1, Kel. Kepatihan, Kec. Banyuwangi,
Kab. Banyuwangi, Jawa Timur.
Telp. (0333) 416270
Fax.-
KCP MITRA BSHB TABANAN
Jl. Pahlawan, Kel. Dangin Peken, Kec. Tabanan, Kab.
Tabanan, Bali.
Telp. (0361) 814202
Fax.-
KK BANYUWANGI KETAPANG
Jl. Gatot Subroto Km. 6, Kel. Klatak, Kec. Kalipuro, Kab.
Banyuwangi, Jawa Timur.
Telp. (0333) 413306
Fax. (0333) 413276
KCP DENPASAR TEUKU UMAR
Jl. Teuku Umar No. 11, Desa Dauhpuri Klod, Kec.
Denpasar Barat, Kota Denpasar, Bali.
Telp. (0361) 8469090
Fax. (0361) 8469091
PP BANYUWANGI STIKES
Jl. Letkol Istiqlah No. 109, Banyuwangi, Jawa Timur.
Telp.-
Fax.-
Annual Report 2013
326
PT Bank Syariah Mandiri
PP BANYUWANGI STIKOM
Jl. Jendral A. Yani No. 80, Banyuwangi, Jawa Timur. Telp.-
Fax.KC GRESIK
JL. RA. Kartini No. 180, Gresik, Jawa Timur.
Telp. (031) 3972053
Fax. (031) 3972065, 3979791
KCP LAMONGAN
Jl. Panglima Sudirman Ruko L1 Blok A10-A11, Kec.
Lamongan, Kab. Lamongan, Jawa Timur.
Telp. (0322) 324996, 324997, 324998
Fax. (0322) 322338
KCP LAMONGAN BABAT
Jl. Jombang No. 60, Banaran - Babat, Desa Banaran,
Kec. Babat, Kab. Lamongan, Jawa Timur.
Telp. (0322) 451994, 452017
Fax. (0322) 452024
PP GRESIK UNMUH
Universitas Muhammadiyah Gresik, Jl. Sumatera No.
101, Gresik, Jawa Timur.
Telp.-
Fax.PP GRESIK YAYASAN PONPES MASKUMAMBANG
Jl. Sembungan Kidul, Desa Sembungan, Kec. Kidul,
Kab Gresik, Jawa Timur.
Telp.-
Fax.KC KUPANG
JL. Sudirman No. 33, Kupang, Nusa Tenggara
Timur.
Telp. (0380) 834100, 823466, 828617
Fax. (0380) 826150
KCP POS KUPANG
Jl. Palapa No. 1, Oebobo, Kota Kupang, Nusa Tenggara
Timur.
Telp.-
Fax.KC BOJONEGORO
Jl. Panglima Sudirman No. 99A, Kab. Bojonegoro,
Jawa Timur.
Telp. (0353) 892124, 892125
Fax. (0353) 892123
KCP TUBAN
Jl. Basuki Rakhmat No. 278, Tuban, Jawa Timur.
Telp. (0356) 333654, 333765 Fax. (0356) 332059
KCP BOJONEGORO SUMBERREJO
Jl. Raya Sumberrejo No. 310, Sumberrejo, Bojonegoro,
Jawa Timur.
Telp. (0353) 333473, 333475
Fax. (0353) 333477
KCP BOJONEGORO KALITIDU
Jl. Raya Kalitidu No. 98, Bojonegoro, Jawa Timur.
Telp. (0353) 512323, 512324, 512321
Fax. (0353) 512320
PT Bank Syariah Mandiri
KK BOJONEGORO PONPES ATTANWIR
Komplek Pondok Pesantren Attanwir, Jl. Raya Talun,
Desa Talun, Kec. Sumberrejo, Kab. Bojonegoro, Jawa
Timur.
Telp. (0353) 333492
Fax. (0353) 333493, 333494
PP TUBAN SEKOLAH BINA ANAK SHOLEH
SD Bina Anak Sholeh Tuban, Jl. Dr. Wahidin Sudiro
Husodo No. 45, Tuban, Jawa Timur.
Telp.-
Fax.KC MADIUN
Jl. Cokroaminoto No. 41, Madiun, Jawa Timur.
Telp. (0351) 454000 Fax. (0351) 458300
KCP PONOROGO
Jl. Soekarno Hatta No. 216, Kel. Banyudono, Kec.
Ponorogo, Kab. Ponorogo, Jawa Timur.
Telp. (0352) 487944
Fax. (0352) 486800
KCP NGAWI
Jl. PB. Sudirman No. 70, Kel. Margomulyo, Kec. Ngawi,
Kab. Ngawi, Jawa Timur.
Telp. (0351) 748000
Fax. (0351) 747444
KCP MADIUN CARUBAN
Jl. A. Yani No. 116B, Kel. Bangunsari, Kec. Mejayan, Kab.
Madiun, Jawa Timur.
Telp. (0351) 383915
Fax. (0351) 383924
KCP MAGETAN
Jl. M. T. Haryono No. 5, Kel. Kepolorejo, Kec. Magetan,
Kab. Magetan, Jawa Timur.
Telp. (0351) 894062
Fax. (0351) 894991
KCP PACITAN
Jl. Ahmad Yani No. 90, Desa Sidoharjo, Kec. Pacitan,
Kab. Pacitan, Jawa Timur.
Telp. (0357) 884949
Fax. (0357) 884353
PP PONOROGO INSURI
Jl. Raya Ponorogo Trenggalek, Kec. Siman, Kab.
Ponorogo, Jawa Timur.
Telp.-
Fax.KC SIDOARJO
Komplek Ruko Sentral Jenggolo A3, Jl. Jenggolo No.
9, Pucang, Sidoarjo, Jawa Timur.
Telp. (031) 8946449, 8947231, 8921033, 8922129
Fax. (031) 8957429
KCP JOMBANG
Ruko Cempaka Mas Blok A/9, Jl. Soekarno-Hatta No. 1,
Jombang, Jawa Timur.
Telp. (0321) 855527, 855528
Fax. (0321) 855526
KCP MOJOKERTO
Jl. Gajah Mada No. 60, Kel. Gedongan, Kec. Magersari,
327
Annual Report 2013
Kota Mojokerto, Jawa Timur.
Telp. (0321) 333030
Fax. (0321) 333028
KCP KRIAN
Jl. Imam Bonjol No. 108, Krian, Sidoarjo, Jawa Timur.
Telp. (031) 8981741, 8981742, 8981743
Fax. (031) 8981740
KCP SIDOARJO WARU
Komplek Ruko Juanda Bussiness Centre B-01, Jl Raya
Juanda, Waru, Sidoarjo, Jawa Timur.
Telp. (031) 8556664, 8556665
Fax. (031) 8553444
KCP JOMBANG MOJOAGUNG
Jl. Raya Mojoagung No. 193, Kel. Kademangan, Kec.
Mojoagung, Kab. Jombang, Jawa Timur.
Telp. (0321) 490046, 490048
Fax. (0321) 490052
KCP MOJOKERTO MOJOSARI
Jl. Brawijaya No. 27, Kel. Sawahan, Kec. Mojosari, Kab.
Mojokerto, Jawa Timur.
Telp. (0321) 598431
Fax. (0321) 598434
KCP SIDOARJO TROPODO
Jl. Letjen Suprapto No. 8, Kel. Kepuhkiriman, Kec.
Waru, Kab. Sidoarjo, Jawa Timur.
Telp. (031) 8688348, 8688349, 8688350, 8688352,
8688354
Fax. (031) 8688351
KCP SIDOARJO SEPANJANG
Jl. Pahlawan No. 260, Kel. Sepanjang, Kec. Taman, Kab.
Sidoarjo, Jawa Timur.
Telp. (031) 7889300
Fax. (031) 7889277
PP SIDOARJO RS. SITI KHODIJAH MUHAMMADIYAH
Jl. Pahlawan No.260, Sepanjang, Sidoarjo, Jawa
Timur.
Telp. (031) 7876065
Fax. (031) 7876065
PP SIDOARJO UMSIDA
Universitas Muhammadiyah, Jl. Majapahit No. 666 B,
Sidoarjo, Jawa Timur.
Telp. (031) 8959961
ax. (031) 8959961
PP JOMBANG UNIPDU
Universitas Pesantren Tinggi Darul Ulum, Desa Rejoso,
Peterongan, Jombang, Jawa Timur.
Telp. (0321) 873655, 861097
Fax. (0321) 866631
PP SURABAYA AMANATUL UMMAH
Jl. Siwalankerto Utara No. 56, Kel. Siwalankerto, Kec.
Wonocolo, Surabaya, Jawa Timur.
Telp. (031) 8477433
Fax.PP SIDOARJO SMAN 3
SMAN 3 Sidoarjo, Jl. Dr. Wahidin No. 130, Kab. Sidoarjo,
Jawa Timur.
Telp.-
Fax.-
COMPANY
DATA
PP AKBID SITI KHODIJAH
Gedung Akbid Siti Khodijah, Jl. Raya Pilang No .4,
Wonoayu, Kab. Sidoarjo, Jawa Timur.
Telp.-
Fax.PP AMANATUL UMMAH PACET
Desa Kembang Belor, Kec. Pacet, Kab. Mojokerto, Jawa
Timur.
Telp.-
Fax.PP PESANTREN BAHRUL ULUM TAMBAKBERAS
Jl. KH. Abdul Wahab Chasbulloh, Dusun Tambakberas,
Desa Tambakrejo, Kec. Jombang, Kab. Jombang, Jawa
Timur.
Telp.-
Fax.KC SURABAYA BOULEVARD
Jl. Bukit Darmo Golf Blok B1-20, Desa Pradah
Kalikendal, Kec. Dukuh Pakis, Surabaya, Jawa
Timur.
Telp. (031) 7345599
Fax. (031) 7346788
KCP SURABAYA WIYUNG
Ruko Taman Pondok Indah, Jl. Raya Wiyung No. A-24,
Surabaya, Jawa Timur.
Telp. (031) 7665621, 7673005 Fax. (031) 7661364
KCP SURABAYA PASAR TURI
Pertokoan Sinar Galaxy B-68, Jl. Pasar Turi, Kel.
Bubutan, Kec. Bubutan, Kota Surabaya, Jawa Timur.
Telp. (031) 3537503, 3537507, 3537492, 3537490
Fax. (031) 3512528
KCP SURABAYA PASAR ATOM
Komplek Pertokoan Bunguran Indah, Jl. Bunguran No.
35 B, Kel. Bongkaran, Kec. Pabean Cantian, Surabaya,
Jawa Timur.
Telp. (031) 3538409
Fax. (031) 3555562
KCP SURABAYA SUNGKONO
Komplek Ruko Darmo Galeria, Jl. Mayjen Sungkono
No. 75 Blok B-3, Surabaya, Jawa Timur.
Telp. (031) 5632255, 5630380
Fax. (031) 5623496
KK SURABAYA UNIVERSITAS AIRLANGGA
Universitas Airlangga Kampus C, Jl. Mulyorejo, Kel.
Mulyorejo, Kec. Mulyosari, Kota Surabaya, Jawa
Timur.
Telp. (031) 5910300, 5911600
Fax. (031) 5996458
Telp. (031) 8411230, 8411250
Fax. (031) 8411260
PP SURABAYA STIKES YARSIS
Jl. SMEA No. 5, Surabaya, Jawa Timur.
Telp.-
Fax.-
REGION V
Jl. KH. Wahid Hasyim No. 244, Kel. Sungguminasa, Kec.
Somba Opu, Kab. Gowa, Sulawesi Selatan.
Telp. (0411) 840520
Fax. (0411) 880625
KCP MAKASSAR ANTANG
Jl. Antang Raya No. 78 H, Kel. Antang, Kec. Manggala,
Kota Makassar, Sulawesi Selatan.
Telp. (0411) 495502
Fax. (0411) 495503
KC MAKASSAR
Jl. Dr. Ratulangi No. 88 B-C-D, Makassar, Sulawesi
Selatan.
Telp. (0411) 833070
Fax. (0411) 833069
KCP MAKASSAR PASAR SENTRAL
Jl. H. O. S. Cokroaminoto No. 21, Kel. Pattunuang, Kec.
Wajo, Kota Makassar, Sulawesi Selatan.
Telp. (0411) 3619967
Fax. (0411) 3623120
KCP MAKASSAR PANAKUKKANG
Jl. Boulevard kav. Edelweys A3 No. 2, Panakkukang,
Makassar, Sulawesi Selatan.
Telp. (0411) 455151, 444718
Fax. (0411) 444726
KCP MAKASSAR AHMAD YANI
Jl. Ahmad Yani, Kel. Pattunuang, Kec. Wajo, Kota
Makassar, Sulawesi Selatan.
Telp. (0411) 3622675
Fax. (0411) 3611329
KCP BULUKUMBA
Jl. Lanto Dg. Passewang No. 33, Bulukumba, Sulawesi
Selatan.
Telp. (0413) 83088
Fax. (0413) 82099
KCP MITRA MANDIRI SULAWESI MAKASSAR
Gedung Bank Mandiri Kantor Cabang Pembantu
Sulawesi, Jl. Sulawesi No. 81, Kel. Pattunuang, Kec.
Wajo, Kota Makassar.
Telp. (0411) 3637694
Fax. (0411) 3637695
KCP PARE PARE
Jl. Bau Massepe No. 419 D, Pare-pare, Sulawesi
Selatan.
Telp. (0421) 26699
Fax. (0421) 26566
KCP PALOPO
Jl. Andi Djemma No. 4, Palopo, Sulawesi Selatan.
Telp. (0421) 325936
Fax. (0421) 325929
KCP SENGKANG
Jl. RA Kartini No. 86, Kel. Pattirosompe, Kec. Tempe,
Kab. Wajo, Sulawesi Selatan.
Telp. (0485) 324080
Fax. (0485) 323898
KCP MAKASSAR TAMALANREA
Jl. Perintis Kemerdekaan Km. 10 No. 13, Kec.
Tamalanrea, Kota Makassar, Sulawesi Selatan.
Telp. (0411) 581115
Fax. (0411) 581171
KCP MAROS
Jl. Jend. Sudirman, Kel. Pettuadae, Kec. Maros Baru,
Kab. Maros, Sulawesi Selatan.
Telp. (0411) 373201
Fax. (0411) 373205
KC BLITAR
Jl. Tanjung No. A4-A5, Kel. Sukorejo, Kec. Sukorejo,
Kota Blitar, Jawa Timur.
Telp. (0342) 816999
Fax. (0342) 816777
KCP MAKASSAR PASAR BUTUNG
Jl. Sulawesi No. 323, Kel. Butung, Kec. Wajo, Kota
Makassar, Sulawesi Selatan.
Telp. (0411) 3620100
Fax. (0411) 3617451
KC SURABAYA JEMUR HANDAYANI
Jl. Jemur Handayani No. 3, Kel. Jemur Wonosari, Kec.
Wonocolo, Surabaya, Jawa Timur.
KCP GOWA
Annual Report 2013
328
KCP POS MAKASSAR
Kantor Pos Makassar, Jl. Slamet Riyadi No. 10, Kota
Makassar, Sulawesi Selatan.
Telp.-
Fax.KK MAKASSAR UNISMUH
Kampus Universitas Muhammadiyah Makassar, Jl. St.
Alauddin No. 259, Makassar, Sulawesi Selatan.
Telp. (0411) 840587
Fax. (0411) 845580
PP WATAMPONE STAIN
Sekolah Tinggi Agama Islam Negeri (STAIN)
Watampone, Jl. HOS. Cokroaminoto, Watampone,
Sulawesi Selatan.
Telp. (0481) 22050 Fax. (0481) 22050
PP MAKASSAR RS. IBNU SINA
Rumah Sakit Ibnu Sina, Jl. Urip Sumoharjo No. 264 Km.
4, Makassar, Sulawesi Selatan.
Telp. (0411) 420700
Fax. (0411) 420095
PP MAKASSAR UNIVERSITAS ISLAM
Jl. Perintis Kemerdekaan Km. 10, Makassar, Sulawesi
Selatan.
Telp.-
Fax.PP MAKASSAR DARUSSALAM
Yayasan SMK Darussalam, Jl. Perintis Kemerdekaan
Km. 19, Makassar, Sulawesi Selatan.
Telp.-
Fax.-
PT Bank Syariah Mandiri
PP PALOPO STAIN
Jl. Agatis Balandai, Palopo, Sulawesi Selatan.
Telp.-
Fax.PP PAREPARE STAIN
Jl. Amal Bakti No. 8, Parepare, Sulawesi Selatan.
Telp.-
Fax.PP MAKASSAR RS. FAISAL
Yayasan RSI Faisal, Jl. Andi Pangeran Pettarani, Kel.
Banta Bantaeng, Kec. Rappocini, Kota Makassar,
Sulawesi Selatan.
Telp.-
Fax.KC BANJARMASIN
Jl. Lambung Mangkurat No. 16, Banjarmasin,
Kalimantan Selatan.
Telp. (0511) 3366408, 3366409
Fax. (0511) 3366426
KCP BANJARMASIN A. YANI
Jl. Jend. Ahmad Yani Km. 4 No. 27, Banjarmasin,
Kalimantan Selatan.
Telp. (0511) 3250033, 3250022
Fax. (0511) 3252974
KCP BATULICIN
Jl. Raya Batulicin RT. 24 No. 193, Kel. Kampung
Baru, Kec. Batulicin, Kab. Tanah Bumbu, Kalimantan
Selatan.
Telp. (0518) 70222, 75497
Fax. (0518) 75496
KCP BARABAI
Jl. Ir. PM. Noor, Barabai, Kalimantan Selatan.
Telp. (0517) 44121, 44141
Fax. (0517) 41909
KCP BANJARMASIN PS. CEMPAKA
Jl. Niaga No. 7, Banjarmasin, Kalimantan Selatan.
Telp. (0511) 3366008, 366009
Fax. (0511) 3361101
KCP BANJARMASIN SENTRA ANTASARI
Jl. P. Antasari No. 75, Banjarmasin, Kalimantan
Selatan.
Telp. (0511) 3269969, 3268188
Fax. (0511) 3254445
KCP PELAIHARI
Jl. Haji Boejasin RT. 21 RK. VI, Kel. Angsau, Kec.
Pelaihari, Kab. Tanah Laut, Kalimantan Selatan.
Telp. (0512) 22223
Fax. (0512) 22600
KCP KOTABARU
Jl. Veteran No. 8 RT. 02 RW. 1, Desa Dirgahayu,
Kec. Pulau Laut Utara, Kab. Kotabaru, Kalimantan
Selatan.
Telp. (0518) 21777
Fax. (0518) 22444
KCP KANDANGAN
Jl. Letjen Suprapto No. 47, Kel. Kandangan Kota, Kec.
Kandangan, Kab. Hulu Sungai Selatan, Kalimantan
Selatan.
Telp. (0517) 23311
Fax. (0517) 23312
PT Bank Syariah Mandiri
KCP AMUNTAI
Jl. Abdul Azis, Kel. Antasari, Kec. Amuntai Tengah, Kab.
Hulu Sungai Utara, Kalimantan Selatan.
Telp. (0527) 63377
Fax. (0527) 63321
KCP BALIKPAPAN BARU
Ruko Balikpapan Baru Blok C No. 1 A-B, Jl. M.T.
Haryono, Balikpapan, Kalimantan Timur.
Telp. (0542) 8870125, 8870149 Fax. (0542) 8870126
KCP POS BANJARMASIN
Jl. Lambung Mangkurat No. 19, Kel. Kertak Baru Ilir,
Kec. Banjarmasin Tengah, Banjarmasin, Kalimantan
Selatan.
Telp. (0511) 3352451
Fax. (0511) 3352451
KCP BALIKPAPAN RAPAK
Ruko Regency Park Commercial Center No. 108, Jl.
Soekarno Hatta, Balikpapan, Kalimantan Timur.
Telp. (0542) 748730
Fax. (0542) 748734
KK BANJARMASIN S. PARMAN
RS. Islam Banjarmasin (Eks Siolatama), Jl. Suwondo
Parman No. 88, Banjarmasin, Kalimantan Selatan.
Telp. (0511) 3366033, 3366034 Fax. (0511) 33560254
KCP BALIKPAPAN KEBUN SAYUR
Komplek Plaza Kebun Sayur Balikpapan, Jl. Letjend.
Suprapto Blok T40-T41, Kel. Baru Ilir, Kec. Balikpapan
Barat, Balikpapan, Kalimantan Timur.
Telp. (0542) 741918
Fax. (0542) 741747
KK BANJARBARU
Jl. Ahmad Yani Km. 33,300, Banjarbaru, Kalimantan
Selatan.
Telp. (0511) 4789947, 4789948 Fax. (0511) 4789949
KCP PENAJAM
Jl. Provinsi KM. 18 RT. 07, Kel. Petung, Kec. Penajam,
Kab. Penajam Paser Utara, Kalimantan Timur.
Telp. (0543) 5233273, 5233274, 5233275
Fax. (0543) 5233271
KK BANJARMASIN SD MUHAMMADIYAH
SD Muhammadiyah VIII & X ,Jl. Cempaka I RT. 3, Kel
Kertak Baru Ulu, Banjarmasin, Kalimantan Selatan.
Telp. (0511) 3361808
Fax. (0511) 3361808
KCP POS BALIKPAPAN
Jl. Jend. Sudirman No. 31, Kel. Klandasan Ulu, Kec.
Balikpapan Selatan, Kota Balikpapan, Kalimantan
Timur.
Telp. (0542) 7068496
Fax.-
KK BANJARMASIN HASAN BASRI
Jl. Brigjen Haji Hasan Basri RT. 12, Kel. Alalak Utara,
Kec. Banjarmasin Utara, Banjarmasin, Kalimantan
Selatan.
Telp. (0511) 3304694
Fax. (0511) 3304323
KK BANJARMASIN STIMIK
Jl. Pangeran Hidayatullah RT. 14 (Samping Jembatan
Benua Anyar), Kel. Sungai Jingah, Kec. Banjarmasin
Utara, Banjarmasin, Kalimantan Selatan.
Telp. (0511) 4315747
Fax. (0511) 4315748
PP BANJARMASIN POLIBAN
Komplek Politeknik Negeri, Jl. Brigjend H. Hasan Basry,
Banjarmasin, Kalimantan Selatan.
Telp. (0511) 3304372
Fax. (0511) 3304372
PP BANJARMASIN SMUN 1
Jl. Mulawarman No. 25, Banjarmasin, Kalimantan
Selatan.
Telp.-
Fax.KC BALIKPAPAN
Jl. Jend. Sudirman No. 330, Balikpapan, Kalimantan
Timur.
Telp. (0542) 413382, 414630
Fax. (0542) 412109
KCP BALIKPAPAN SEPINGGAN
Jl. Marsma Iswahyudi No. 471 Rt. 028, Kel. Sepinggan,
Kec. Balikpapan Selatan, Kota Balikpapan, Kalimantan
Timur.
Telp. (0542) 771505, 771507
Fax. (0542) 771509
329
Annual Report 2013
KC SAMARINDA
Jl. Antasari No. 33 RT 02, Kel. Air Putih, Kec.
Samarinda Ulu, Kota Samarinda, Kalimantan
Timur.
Telp. (0541) 7271271, 7271272, 7271273,
7271274
Fax. (0541) 7271276, 7271277, 7271278
KCP TARAKAN
Jl. Yos Sudarso No. 64, Kota Tarakan, Kalimantan
Utara.
Telp. (0551) 35050 Fax. (0551) 35051
KCP PAHLAWAN
Jl. Pahlawan Blok F No. 5 B, Kel. Dadimulya, Kec.
Samarinda Ulu, Samarinda, Kalimantan Timur.
Telp. (0541) 731200
Fax. (0541) 731299
KCP SAMARINDA SUDIRMAN
Jl. Jenderal Sudirman No. 24, Kel. Pasar Pagi, Kec.
Samarinda Ilir, Kota Samarinda, Kalimantan Timur.
Telp. (0541) 203012
Fax. (0541) 203017
KCP SAMARINDA HASAN BASRI
Pertokoan Merak Indah, Jl. Hasan Basri No. 14Bg,
Kel. Bandara, Kec. Sungai Pinang, Kota Samarinda,
Kalimantan Timur.
Telp. (0541) 736399
Fax. (0541) 736599
KCP SAMARINDA LAMBUNG MANGKURAT
Jl. Lambung Mangkurat No. 18 B, Samarinda,
Kalimantan Timur.
Telp. (0541) 735444 Fax. (0541) 767459
COMPANY
DATA
KCP NUNUKAN
Jl. Yos Sudarso No. 10 RT. 03, Kel. Nunukan, Kec.
Nunukan, Kab. Nunukan, Kalimantan Utara.
Telp. (0556) 21152
Fax. (0556) 21128
KC PALU
Jl. Wolter Monginsidi No. 77, Palu, Sulawesi
Tengah.
Telp. (0451) 426222
Fax. (0451) 452108
KCP PARIGI MOUTONG
Jl. Trans Sulawesi, Parigi Moutong, Sulawesi Tengah.
Telp. (0450) 21345, 21402, 21403, 21409 Fax. (0450) 21411
KCP PALU PLAZA
Komplek Palu Plaza Blok IV, Jl. Sis Al Jufri, Palu,
Sulawesi Tengah.
Telp. (0451) 427769, 426093, 426721
Fax. (0451) 426182
KCP MOROWALI
Jl. Trans Sulawesi, Ds. Matansala, Kec. Bungku Tengah,
Kab. Morowali, Sulawesi Tengah.
Telp.082188517666
Fax. (0451) 452108
KCP SIGI
Jl. Lasoso, Kab. Sigi, Sulawesi Tengah.
Telp. (0451) 482289
Fax. (0451) 482573
KCP TOLITOLI
Jl. Usman Binol No. 28, Tolitoli, Sulawesi Tengah.
Telp. (0453) 22322, 23345, 22687
Fax. (0453) 22336
KCP PALU TADULAKO
Jl. Trans Sulawesi, Kel. Tondo, Kec. Palu Timur, Kota
Palu, Sulawesi Tengah.
Telp. (0451) 426499
Fax. (0451) 426488
KCP POSO
Jl. Pulau Irian No. 1, Desa Gebangrejo, Kec. Poso Kota,
Kab. Poso, Sulawesi Tengah.
Telp. (0452) 325636
Fax. (0452) 325637
KC KUTAI KARTANEGARA
Jl. KH. Akhmad Muksin RT. 01, Kel. Timbau, Kec.
Tenggarong, Kab. Kutai Kartanegara, Kalimantan
Timur.
Telp. (0541) 665362, 665365
Fax. (0541) 665017
KCP SANGATTA
Jl. Yos Sudarso II No. 103, Kel. Sangatta Utara, Kec.
Sangatta Utara, Kab. Kutai Timur, Kalimantan Timur.
Telp. (0549) 2027676, 2027667
Fax. (0549) 2027674
KCP KUTAI MUARA JAWA
Jl. Ahmad Yani No. 8A, Handil II, Muara Jawa,
Kabupaten Kutai Kartanegara, Kalimantan Timur.
Telp. (0541) 7893428, 7893429
Fax. (0541) 7893427
KCP KUTAI SENDAWAR
Jl. Ki Hajar Dewantara, Ruko No. 1 RT. 28, Kel. Melak
Ulu, Kec. Melak, Kab. Kutai Barat, Kalimantan Timur.
Telp. (0545) 42164
Fax. (0545) 42156
KCP JAYAPURA DOK II
Ruko Pasifik Permai Dok II Blok G-6, Kel. Bhayangkara,
Kec. Jayapura Utara, Kota Jayapura, Papua.
Telp. (0967) 522105
ax. (0967) 522409
KCP KUTAI TENGGARONG SEBERANG
Jl. Mulawarman RT. 011, Desa Bangunrejo, Kec.
Tenggarong Seberang, Kab. Kutai Kartanegara,
Kalimantan Timur.
Telp. (0541) 7984555
Fax.-
KCP JAYAPURA SENTANI
Jl. Kemiri Sentani No. 334, Kel. Hinekombe, Kec.
Sentani, Kab. Jayapura, Papua.
Telp. (0967) 593087
Fax. (0967) 593091
PP KUTAI UNIKARTA
Jl. Gunung Kombeng, Kota Tenggarong, Kab. Kutai
Kartanegara, Kalimantan Timur.
Telp.-
Fax.KC MANADO
Kawasan Mega Mas, Jl. Piere Tendean Boulevard
Blok I D-1 No. 28, Manado, Sulawesi Utara.
Telp. (0431) 879444
Fax. (0431) 879492
KCP BITUNG
Jl. Yos Sudarso No. 6, Komplek Pasar Bitung, Bitung,
Sulawesi Utara.
Telp. (0438) 35244
Fax. (0438) 36610
KCP KOTAMOBAGU
Jl. Adampe Dolot Ruko No. 15 B, Kota Kotamobagu,
Sulawesi Utara.
Telp. (0434) 2629209, 2629297, 2629498
Fax. (0434) 2629298
KCP MANADO PASAR 45 Jl. Walanda Maramis No.
100, Kel. Pinaesaan, Kec. Wenang, Kota Manado,
Sulawesi Utara.
Telp. (0431) 850490
Fax. (0431) 850432
KCP TOMOHON
Jl. Raya Tomohon, Kel. Talete I, Kec. Tomohon Tengah,
Kota Tomohon, Sulawesi Utara.
Telp. (0431) 353112
Fax. (0431) 353183
KCP POS MANADO
Jl. Sam Ratulangi No. 23, Kel. Wenang, Kec. Wenang,
Kota Manado, Sulawesi Utara.
Telp. (0431) 840263
Fax.KC JAYAPURA
Komplek Perniagaan Kelapa Dua - Entrop Jl. Raya
Kelapa Dua No. 1-2, Entrop, Jayapura, Papua.
Telp. (0967) 550965, 550966
Fax. (0967) 550968
KCP JAYAPURA ABEPURA
Jl. Raya Abepura Kotaraja No. 88A, Kel. Vim, Kec.
Jayapura Selatan, Kota Jayapura, Papua.
Telp. (0967) 583341
ax. (0967) 583540
Annual Report 2013
330
KC GORONTALO
Jl. Ahmad Yani No. 127, Gorontalo.
Telp. (0435) 828666 Fax. (0435) 830056
KC TERNATE
Ruko Jatiland Business Center No. 19-20, Ternate,
Maluku Utara.
Telp. (0921) 3127220 Fax. (0921) 3127336
KCP BACAN
Jl. Poros Tomori, Desa Tomori, Kec. Bacan, Kab.
Halmahera Selatan, Maluku Utara.
Telp. (0927) 2321133
Fax. (0927) 2321199
PP TERNATE UMMU
Jl. Ahmad Dahlan No. 100, Kec. Ternate Selatan, Kota
Ternate, Maluku Utara.
Telp.-
Fax.KC MAMUJU
Jl. Urip Sumoharjo No. 44, Mamuju, Sulawesi
Barat.
Telp. (0426) 22651, 2703380
Fax. (0426) 21922
KCP POLEWALI
Jl. Muh. Yamin No. 73, Kota Polewali, Kab. Polewali
Mandar, Sulawesi Barat.
Telp. (0428) 22252
Fax. (0428) 21692
KC PALANGKARAYA
Jl. Ahmad Yani No. 46, Palangkaraya, Kalimantan
Tengah.
Telp. (0536) 3222223
Fax. (0536) 3227000
KCP KAPUAS
Jl. Ahmad Yani No. 52, Kel. Selat Hilir, Kec. Selat, Kab.
Kapuas, Kalimantan Tengah.
Telp. (0513) 21888
Fax. (0513) 24111
KCP MUARA TEWEH
Jl. Ahmad Yani No. 87, Kel. Melayu, Kec. Teweh Tengah,
Kab. Barito Utara, Kalimantan Tengah.
Telp. (0519) 21234
Fax. (0519) 23777
PT Bank Syariah Mandiri
KC SORONG
Jl. Ahmad Yani No. 21, Sorong, Papua Barat.
Telp. (0951) 323366
Fax. (0951) 323360
KC AMBON
Jl. Pala No. 2, Kel. Uritetu, Kec. Sirimau, Kota Ambon,
Maluku.
Telp. (0911) 344572, 344337
Fax. (0911) 344582
KCP AMBON DIPONEGORO
Jl. Diponegoro No. 33, Kel. Ahusen, Kec. Sirimau, Kota
Ambon, Maluku.
Telp. (0911) 355478, 355458, 355498
Fax. (0911) 355468
KCP BULA
Jl. Wailola, Desa Bula, Kec. Bula, Kab. Seram Bagian
Timur, Maluku.
Telp. (0915) 21469
Fax. (0915) 21470
KC SAMPIT
Jl. M. T. Haryono No. 6, Kel. Mentawa Baru Hulu, Kec.
Mentawa Baru Ketapang, Kab. Kotawaringin Timur,
Kalimantan Tengah.
Telp. (0531) 24222
Fax. (0531) 24400
KC BONE
Jl. Jend. Ahmad Yani No. 48, Watampone, Kel.
Macanang, Kec. Tanette Riattang Barat, Kab. Bone,
Sulawesi Selatan.
Telp. (0481) 28774
Fax. (0481) 28775
KC BONTANG
Jl. MT. Haryono No. 53, Kel. Gunung Elai (d/h Desa
Bontang Baru), Kec. Bontang Utara, Kota Bontang,
Kalimantan Timur.
Telp. (0548) 20007
Fax. (0548) 25005
KC MARTAPURA
Jl. A. Yani KM 40 No. 5, Martapura, Kalimantan
Selatan.
Telp. (0511) 4722713, 4722755
Fax. (0511) 4722714
KC KENDARI
Jl. Abdullah Silondae No. 137, Kel. Korumba, Kec.
Mandonga, Kota Kendari, Sulawesi Tenggara.
Telp. (0401) 3128822, 3128245, 3128897
Fax. (0401) 3127478
KCP BAUBAU
Jl. Yos Sudarso No. 33, Kel. Wale, Kec. Wolio, Kota
Baubau, Sulawesi Tenggara.
Telp. (0402) 2824002
Fax. (0402) 2824004
KC PANGKALAN BUN
Jl. Sukma Arianingrat No. 14, Kel. Baru, Kec. Arut
Selatan, Kab. Kota Waringin Barat, Kalimantan
Tengah.
Telp. (0532) 25624, 25625
Fax. (0532) 25636
KC TANJUNG
Jl. Ir. Pangeran Haji Muhammad Noor No. 58, Desa
Pembataan, Kec. Murung Pudak, Kab. Tabalong,
Kalimantan Selatan.
Telp. (0526) 2024484
Fax. (0526) 2024494
KC LUWUK
Jl. Urip Sumoharjo No. 18C dan 18D, Kel. Simpong,
Kec. Luwuk, Kab. Banggai, Sulawesi Tengah.
Telp. (0461) 21214, 22779
Fax. (0461) 325456
KCP AMPANA
Jl. Moh Hatta No. 9 A-B, Kec. Ampana, Kab. Tojo UnaUna, Sulawesi Tengah.
Telp. (0464) 22316, 22317, 22320
Fax. (0464) 22322
PT Bank Syariah Mandiri
331
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
INDEPENDENT
AUDITOR’S REPORT
Financial Statements With Independent
Auditor,s Report December 31, 2013 and 2012
Annual Report 2013
332
PT Bank Syariah Mandiri
PT Bank Syariah Mandiri
East Nusa Tenggara - Sasando
Banking
traditional
Hall - Bank
musical
Syariah
instrument
Mandiri
PT Bank Syariah Mandiri
333
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
Annual Report 2013
334
PT Bank Syariah Mandiri
Statement Letter on
Responsibility for Contents Accuracy of this Annual Report
PT Bank Syariah Mandiri Tahun 2013
The Management assumes responsibility for this Annual Report, along with Good Corporate Governance Report, Financial Reports
and other related information as approved by the Board of Commissioners and Board of Directors with the signature as follows :
Jakarta,
February 25, 2014
Board of Commissioners
Achmad Marzuki
President Commissioner/ Independent Commissioner
Ramzi A. Zuhdi
Independent Commissioner
Agus Fuad
Commissioner
Bambang Widianto*
Independent Commissioner
Sulaeman
Commissioner
Board of Directors
Yuslam Fauzi
President Director
Hanawijaya
Director
Amran Nasution
Director
Sugiharto
Director
*)
Zainal Fanani
Director
Achmad Syamsudin
Director
Punishment for BSM management, if proven committing conflict of interest action and bring loss to the Bank.
PT Bank Syariah Mandiri
335
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
PT BANK SYARIAH MANDIRI
SIGNATURE
FINANCIAL STATEMENTS
WITH INDEPENDENT AUDITORS’ REPORT
DECEMBER 31, 2013 AND 2012
: ______________________________
Table of Contents
Page
Independent Auditors’ Report
Statements of Financial Position .................................................................................................... 320-325
1-5
Statements of Comprehensive Income .......................................................................................... 326-327
6-7
Statements of Changes in Shareholders’ Equity.............................................................................
8
328
Statements of Cash Flows ............................................................................................................. 329-330
9-10
Statements of Reconciliation of Income and Revenue Sharing .......................................................
331
11
Statements of Sources and Uses of Zakat Funds...........................................................................
332
12
Statements of Sources and Uses of Qardhul Hasan Funds ............................................................
333
13
Notes to Financial Statements ....................................................................................................... 334-414
14-94
**************************
Annual Report 2013
336
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
SIGNATURE
: ______________________________
This report is originally issued in the Indonesian language.
Independent Auditors’ Report
Report No. RPC-4757/PSS/2014
The Shareholders and the Boards of Commissioners and Directors PT Bank Syariah Mandiri
We have audited the accompanying financial statements of PT Bank Syariah Mandiri, which comprise
the statement of financial position as of December 31, 2013, and the statement of comprehensive
income, statement of changes in equity, statement of cash flows, reconciliation of income and
revenue sharing, sources and uses of zakat funds, and sources and uses of qardhul hasan funds for
the year then ended, and a summary of significant accounting policies and other explanatory
information.
Management’s responsibility for the financial statements
Management is responsible for the presentation and fair presentation of these financial statements
in accordance with Indonesian Financial Accounting Standards, and for such internal control as
management determines is necessary to enable the preparation of financial statements that free
from material misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Standards on Auditing established by the Indonesian
Institute of Certified Public Accountants. Those standards require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditors’ judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditors consider internal control
relevant to the entity’s preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.
PT Bank Syariah Mandiri
337
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
SIGNATURE
: ______________________________
This report is originally issued in the Indonesian language.
Independent Auditors’ Report (continued)
Report No. RPC-4757/PSS/2014 (continued)
Opinion
In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of PT Bank Syariah Mandiri as of December 31, 2013, and its financial
performance and cash flows, reconciliation of income and revenue sharing, sources and uses of
zakat funds, and sources and uses of qardhul hasan funds for the year then ended, in accordance
with Indonesian Financial Accounting Standards.
Purwantono, Suherman & Surja
Benyanto Suherman
Public Accountant Registration No. AP.0685
January 22, 2014
Annual Report 2013
338
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF FINANCIAL POSITION
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
2013
: ______________________________
: ______________________________
2012
ASSETS
CASH
2a
1,444,785,308,390
1,108,282,646,315
2a,2d,3
9,157,117,991,948
5,425,378,388,198
CURRENT ACCOUNTS WITH OTHER BANKS 2a,2b,2c,2e
Third parties
4,38
Related parties
518,373,235,873
169,097,399,528
165,196,724,485
106,092,735,229
Total current accounts with other banks
Allowance for possible losses
687,470,635,401
(6,932,161,458)
271,289,459,714
(2,728,200,198)
Net
680,538,473,943
268,561,259,516
50,000,000,000
65,000,000,000
105,000,000,000
Total placements with other banks
Allowance for possible losses
50,000,000,000
(500,000,000)
170,000,000,000
(1,700,000,000)
Net
49,500,000,000
168,300,000,000
304,994,504,003
26,405,293,949
430,389,967,575
27,351,723,031
1,150,208,992,397
35,361,055,150
1,426,828,108,473
11,048,605,000
Total investment in marketable securities
Allowance for possible losses
1,516,969,845,499
(143,320,241,814)
1,895,618,404,079
(143,972,657,984)
Net
1,373,649,603,685
1,751,645,746,095
CURRENT ACCOUNTS AND PLACEMENTS
WITH BANK INDONESIA
PLACEMENTS WITH OTHER BANKS
Third parties
Related parties
INVESTMENT IN MARKETABLE SECURITIES
including unamortized difference
between acquisition cost and nominal
amount of (Rp343,434,796) and
Rp118,745,666 as of December 31, 2013
and 2012, respectively
Third parties
At cost
Available-for-sale
Related parties
At cost
At fair value
2b,2c,2f
5,38
2b,2c,2g,
6,38
The accompanying notes form an integral part of these financial statements.
1
PT Bank Syariah Mandiri
339
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
STATEMENTS OF FINANCIAL POSITION (continued)
POSITION
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated) SIGNATURE
Notes
: ______________________________
: ______________________________
: ______________________________
: ______________________________
2013
2012
33,085,804,271,288
121,571,475,843
27,342,232,464,859
207,032,014,855
33,207,375,747,131
27,549,264,479,714
Istishna
net of deferred income of
Rp14,382,619,239 and
Rp20,373,199,886 as of
December 31, 2013 and 2012,
respectively
Third parties
57,952,930,826
67,982,544,214
Ijarah Receivables
Third parties
67,609,739,857
136,307,696,686
RECEIVABLES
Murabahah
net of deferred income of
Rp13,374,091,179,863 and
Rp10,843,638,654,918 as of
December 31, 2013 and 2012,
respectively
Third parties
Related parties
2b,2c,2h
7,38
Total murabahah receivables
Total receivables
Allowance for possible losses
33,332,938,417,814
(970,683,944,472)
27,753,554,720,614
(796,364,309,536)
Net
32,362,254,473,342
26,957,190,411,078
FUNDS OF QARDH
Third parties
Allowance for possible losses
2c,2j,8
5,613,054,861,843
(58,316,069,764)
6,199,260,625,477
(65,613,771,900)
5,554,738,792,079
6,133,646,853,577
3,811,274,743,281
97,489,261,239
4,065,217,157,991
208,542,959,936
Total mudharabah
Allowance for possible losses
3,908,764,004,520
(205,066,106,677)
4,273,760,117,927
(112,259,348,404)
Net
3,703,697,897,843
4,161,500,769,523
Musyarakah
Third parties
Related parties
7,197,696,504,980
140,428,887,882
6,132,965,757,581
203,803,014,000
Total musyarakah
Allowance for possible losses
7,338,125,392,862
(289,418,367,296)
6,336,768,771,581
(287,691,781,654)
Net
7,048,707,025,566
6,049,076,989,927
Total financing
Allowance for possible losses
11,246,889,397,382
(494,484,473,973)
10,610,528,889,508
(399,951,130,058)
Net
10,752,404,923,409
10,210,577,759,450
Net
FINANCING
Mudharabah
Third parties
Related parties
2b,2c,2i,9,
10,38
The accompanying notes form an integral part of these financial statements.
2
Annual Report 2013
340
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
PT BANK SYARIAH MANDIRI
DATE
STATEMENTS OF FINANCIAL POSITION (continued)
NAME
December 31, 2013 and 2012
POSITION
(Expressed in Rupiah, unless otherwise stated)
SIGNATURE
Notes
ASSETS ACQUIRED FOR IJARAH
Acquisition cost
Accumulated depreciation
2k,11
: ______________________________
2013
2012
267,552,051,666
191,464,451,340
1,435,571,842,485
(647,700,758,574)
1,207,883,104,151
(464,284,734,212)
787,871,083,911
743,598,369,939
2ab,18
145,608,904,944
122,002,307,392
2c
13,062,119,787
(13,062,119,787)
13,062,119,787
(13,062,119,787)
2m,12
Foreclosed assets
Allowance for possible losses
Net
Others - Net
: ______________________________
375,242,524,434
(183,778,073,094)
Net book value
OTHER ASSETS
Deferred tax assets - Net
: ______________________________
456,551,018,769
(188,998,967,103)
Net
FIXED ASSETS
Acquisition cost
Accumulated depreciation
: ______________________________
2c,2n,13
Total other assets
TOTAL ASSETS
-
-
1,389,339,570,472
1,148,747,591,622
1,534,948,475,416
1,270,749,899,014
63,965,361,177,789
54,229,395,784,522
684,043,514,497
69,587,375,504
633,550,680,738
112,812,995,821
753,630,890,001
746,363,676,559
56,965,430,189
39,952,815,813
7,362,822,871,941
144,563,753,266
6,387,502,697,541
43,409,216,801
1,607,829,438,489
120,826,446
901,347,921,061
176,401,832
9,115,336,890,142
7,332,436,237,235
27,681,869,683
517,195,092
31,585,080,325
6,391,071,948
28,199,064,775
37,976,152,273
LIABILITIES, TEMPORARY SYIRKAH FUNDS
AND SHAREHOLDERS’ EQUITY
LIABILITIES
LIABILITIES DUE IMMEDIATELY
Third parties
Related parties
2b,2o,14, 38
Total
UNDISTRIBUTED THIRD PARTIES’
SHARE ON RETURN OF TEMPORARY
SYIRKAH FUNDS AND WADIAH BONUS
WADIAH DEPOSITS
Wadiah demand deposits
Third parties
Related parties
Wadiah savings deposit
Third parties
Related parties
2w,15
2b,2p,16,38
Total wadiah deposits
DEPOSITS FROM OTHER BANKS
Wadiah demand deposits
Third parties
Related parties
2b,2q,17,38
Total deposits from other banks
The accompanying notes form an integral part of these financial statements.
3
PT Bank Syariah Mandiri
341
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF FINANCIAL POSITION (continued)
December 31, 2013 and 2012
SIGNATURE
(Expressed in Rupiah, unless otherwise stated)
Notes
TAXES PAYABLE
: ______________________________
2013
2012
2ab,18
47,180,538,356
112,464,259,877
2b,2r,19,38
600,000,000,000
600,000,000,000
2,694,056,815
2,971,015,164
425,678,330,288
296,466,988,933
11,029,685,200,566
9,168,631,145,854
405,000,000,000
95,000,000,000
425,000,000,000
75,000,000,000
500,000,000,000
500,000,000,000
3,612,062,836
689,174,056,925
271,227,198
720,450,853,824
692,786,119,761
720,722,081,022
Unrestricted investment
mudharabah saving deposits
Third parties
Related parties
19,709,269,202,079
94,833,053,376
17,496,073,494,751
29,929,009,897
Total unrestricted investment
mudharabah saving deposits
19,804,102,255,455
17,526,002,504,648
Unrestricted investment
mudharabah time deposits
Third parties
Related parties
25,903,040,110,679
931,213,624,913
19,878,232,704,618
1,948,411,728,983
Total unrestricted investment
mudharabah time deposits
26,834,253,735,592
21,826,644,433,601
47,331,142,110,808
40,073,369,019,271
Bank
Unrestricted investment
mudharabah saving deposits
Third parties
Unrestricted investment
mudharabah time deposits
Third parties
144,875,521,584
181,054,334,269
83,396,871,023
122,764,968,979
Total temporary syirkah funds bank
228,272,392,607
303,819,303,248
FINANCING RECEIVED
ESTIMATED LOSSES ON
COMMITMENTS AND CONTINGENCIES
2c,20
OTHER LIABILITIES
21
TOTAL LIABILITIES
SUBORDINATED NOTES ISSUED
Third parties
Related parties
2s,22,38
2b
Total
TEMPORARY SYIRKAH FUNDS
Non-bank
Restricted investments
Third parties
Demand deposits
Saving deposits
2b,2t,23,38
Total restricted investments
.
: ______________________________
Total temporary syirkah
funds non-bank
The accompanying notes form an integral part of these financial statements.
4
Annual Report 2013
342
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF FINANCIAL POSITION (continued)
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
TEMPORARY SYIRKAH FUNDS
(continued)
: ______________________________
: ______________________________
2013
2012
2b,2t,23,38
Musyarakah - mudharabah
musytarakah demand deposits
Third parties
TOTAL TEMPORARY SYIRKAH FUNDS
14,262,559,498
2,886,139,624
47,573,677,062,913
40,380,074,462,143
1,489,021,935,000
1,458,243,565,000
SHAREHOLDERS’ EQUITY
Share capital - Rp5,000 par value per shares
Authorized capital - 500,000,000 shares as of
December 31, 2013 and 2012
Issued and fully paid-up capital 297,804,387
shares and 291,648,713 shares
as of December 31, 2013 and 2012,
respectively
24
Unrealized (loss)/ gain on - available
for-sale securities-net of deferred tax
(446,029,412)
Retained earnings
Appropriated
Unappropriated
27
263,792,273
291,648,713,000
3,081,774,295,722
231,648,713,000
2,490,534,106,252
TOTAL SHAREHOLDERS’ EQUITY
4,861,998,914,310
4,180,690,176,525
TOTAL LIABILITIES, TEMPORARY
SYIRKAH FUNDS, AND
SHAREHOLDERS’ EQUITY
63,965,361,177,789
54,229,395,784,522
The accompanying notes form an integral part of these financial statements.
5
PT Bank Syariah Mandiri
343
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF COMPREHENSIVE INCOME
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
INCOME FROM FUND MANAGEMENT
BY BANK AS MUDHARIB
Income from sales and purchases
Murabahah margin income
Istishna income-net
Total income from sales and purchases
Income from rent
Ijarah income - net
Income from profit sharing
Mudharabah income
Musyarakah income
: ______________________________
: ______________________________
2013
2012
3,773,500,454,359
6,131,214,513
3,077,631,899,360
4,123,880,824
2u,29
3,779,631,668,872
3,081,755,780,184
2u,29
29
42,677,442,776
33,111,317,787
543,973,127,108
704,006,732,169
629,464,723,271
602,854,635,101
Total income from profit sharing
2u,29
1,247,979,859,277
1,232,319,358,372
Other main operating income
2v,29
367,562,425,529
337,606,841,004
5,437,851,396,454
4,684,793,297,347
(2,080,941,725,825)
(1,913,566,492,744)
3,356,909,670,629
2,771,226,804,603
1,193,130,200,084
288,532,495
1,131,724,577,946
7,022,971,321
1,193,418,732,579
1,138,747,549,267
Total income from fund management
by Bank as Mudharib
THIRD PARTIES’ SHARE
ON RETURN OF TEMPORARY
SYIRKAH FUNDS
2w,30
BANK’S SHARE ON RETURN
OTHER OPERATING INCOME
Fee based income from
banking services
Fee income from restricted investments
2y,2b,31,38
Total other operating income
OPERATING EXPENSES
Personnel expenses
2b,2z,32,38 (1,192,402,774,018)
Administrative expenses
33
(1,125,393,507,431)
Provision for possible losses
on earning assets expenses
2c,34
(837,322,319,025)
Fixed assets depreciation expenses
(187,285,335,024)
Profit sharing expenses for financing
received
(53,048,704,960)
Profit sharing expenses for subordinated
notes issued
(47,700,748,473)
(Provision)/reversal of allowance for possible
losses on non-earning assets
2c,34
(34,902,784,293)
Reversal/(provision) of estimated losses
on commitments and contingencies
2c,34
1,660,101,530
Other operating expenses:
35
Bonus for wadiah deposits
(66,907,487,861)
Others
(109,459,961,260)
Total operating expenses
(3,652,763,520,815)
OPERATING INCOME
897,564,882,393
(973,159,658,117)
(1,035,104,821,179)
(384,666,111,796)
(139,364,040,496)
(71,317,055,905)
(53,592,152,787)
9,000,000,000
(193,089,407)
(42,941,658,670)
(99,402,173,494)
(2,790,740,761,851)
1,119,233,592,019
The accompanying notes form an integral part of these financial statements.
6
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APPROVAL FOR PRINTING
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DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF COMPREHENSIVE INCOME (continued)
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
NON-OPERATING INCOME AND EXPENSES
Non-operating income
Non-operating expenses
2aa,36
Total non-operating income
and expenses
INCOME BEFORE ZAKAT AND
INCOME TAX BENEFIT/(EXPENSE)
: ______________________________
: ______________________________
2013
2012
9,747,808,077
(813,796,301)
7,453,555,593
(1,422,898,552)
8,934,011,776
6,030,657,041
906,498,894,169
1,125,264,249,060
ZAKAT
41
(22,662,472,354)
INCOME BEFORE INCOME TAX
BENEFIT/(EXPENSE)
18
883,836,421,815
2ab,18
(255,966,222,500)
23,369,990,155
(320,601,325,750)
29,159,243,929
(232,596,232,345)
(291,442,081,821)
651,240,189,470
805,690,561,013
INCOME TAX BENEFIT/(EXPENSE)
Current
Deferred
Income tax expense - net
NET INCOME
OTHER COMPREHENSIVE (EXPENSE)/INCOME
Unrealized (loss) / gain on availablefor-sale marketable securities, net of tax
(28,131,606,226)
1,097,132,642,834
(709,821,685)
TOTAL COMPREHENSIVE INCOME
BASIC EARNINGS PER SHARE
2ac
1,735,146,641
650,530,367,785
807,425,707,654
2,232
3,382
The accompanying notes form an integral part of these financial statements.
7
PT Bank Syariah Mandiri
345
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
PT BANK SYARIAH MANDIRI
SIGNATURE
STATEMENTS OF CHANGES IN SHAREHOLDER’S EQUITY
Years ended December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
Balance as of
December 31, 2011
Effect of adoption
of SFAS No. 11
Unrealized (loss)/
gain on
Available-for-Sale
Marketable
Securities - Net
of Deferred Tax
Issued and
Fully Paid-up
Capital
1,158,243,565,000
6
Unrealized gain on
available-for-sale
marketable securities net of deferred tax
5,068,645,632
-
(6,540,000,000)
: ______________________________
Retained Rearnings
Total
Shareholders’
Equity
Appropriated
Unappropriated
206,993,157,660
1,702,959,100,579
3,073,264,468,871
-
6,540,000,000
-
-
1,735,146,641
-
1,735,146,641
-
Additional general reserve
27
-
-
24,655,555,340
Additional paid-in capital
25
300,000,000,000
-
-
-
300,000,000,000
-
-
-
805,690,561,013
805,690,561,013
1,458,243,565,000
263,792,273
231,648,713,000
2,490,534,106,252
4,180,690,176,525
-
-
Net income for 2012
Balance as of
December 31, 2012
Unrealized loss on
available-for-sale
marketable securities net of deferred tax
-
(709,821,685)
(24,655,555,340)
(709,821,685)
Additional general reserve
27
-
-
60,000,000,000
Additional paid-in capital
25
30,778,370,000
-
-
-
30,778,370,000
-
-
-
651,240,189,470
651,240,189,470
291,648,713,000
3,081,774,295,722
4,861,998,914,310
Net income for 2013
Balance as of
December 31, 2013
1,489,021,935,000
(446,029,412)
(60,000,000,000)
-
-
The accompanying notes form an integral part of these financial statements.
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DATE
: ______________________________
PT BANK SYARIAH MANDIRI
NAME
STATEMENTS OF CASH FLOWS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
CASH FLOWS FROM OPERATING
ACTIVITIES
Receipts from profit sharing, sales and
purchases and rent
Payments of profit sharing on temporary
syirkah funds
Receipts from other operating income
Receipts from recovery of financing
and receivable written off
Payments of personnel expenses
Payments of tantiem
Payments for operating expenses
excluding personnel cost
Payments of tax
Payments of zakat
Distribution of qardhul hasan funds
Receipts of non- operating income
Decrease/(increase) in operating assets:
Placement with other banks
Placement with Bank Indonesia
Marketable securities - measured at
fair value through profit and loss
Receivables
Funds of qardh
Mudharabah financing
Musyarakah financing
Assets acquired for ijarah
Other assets
Increase/(decrease) in operating liabilities:
Liabilities due immediately
Wadiah deposits
Deposits from other banks
Taxes payable
Other liabilities
Increase in temporary syirkah funds
Unrestricted investments
Restricted investments
Musyarakah investments
Net cash provided by/(used in)
operating activities
28
41
: ______________________________
: ______________________________
: ______________________________
2013
2012
5,424,025,496,255
4,555,558,490,180
(2,023,983,895,790)
1,188,093,525,622
(1,970,851,174,753)
1,138,747,549,267
134,444,863,415
(1,055,264,471,428)
(32,042,000,000)
31,914,370,563
(998,792,507,307)
(24,798,161,143)
(1,405,363,206,436)
(342,792,854,901)
(24,263,178,386)
(614,916,321)
11,872,963,092
(1,305,989,136,396)
(278,465,838,035)
(36,595,658,010)
(1,561,233,444)
2,371,011,858
25,000,000,000
(100,000,000,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceed from available-for sale-and measured
at cost marketable securities
Purchase of available-for-sale and held to
maturity marketable securities
Acquisition of fixed assets
Proceeds from sales of fixed assets
12
12
Net cash provided by/(used in)
investing activities
120,337,500,000
-
(24,312,450,150)
(6,362,332,245,278)
586,257,738,634
377,142,149,777
(991,975,019,184)
(76,087,600,326)
(190,966,642,647)
5,346,605,000
(7,776,865,084,251)
330,292,261,266
397,379,837,426
(908,486,543,253)
3,609,014,373
143,781,379,343
(78,605,013,561)
1,782,900,652,908
(9,777,087,498)
8,601,745,793
72,510,020,393
55,878,882,220
2,236,574,027,196
(40,854,508,867)
(2,976,108,557)
108,220,877,423
7,210,162,142,156
(27,935,961,262)
11,376,419,875
2,284,898,785,396
236,711,994,332
917,558,940
4,086,071,174,752
(1,693,695,809,233)
601,869,010,705
289,020,983,648
(200,000,000,000)
(200,134,289,704)
1,617,545,759
(372,423,155,783)
4,183,479,735
203,352,266,760
(79,218,692,400)
The accompanying notes form an integral part of these financial statements.
9
PT Bank Syariah Mandiri
347
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
PT BANK SYARIAH MANDIRI
STATEMENTS OF CASH FLOWS (continued)
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
CASH FLOWS FROM FINANCING ACTIVITIES
Additional paid in capital
Payment from financing received
Payment from subordinated notes
25
19
DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
SIGNATURE
: ______________________________
2013
2012
-
300,000,000,000
(150,000,000,000)
(200,000,000,000)
-
(50,000,000,000)
NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS
4,289,423,441,512
(1,822,914,501,633)
CASH AND CASH EQUIVALENTS
AT THE BEGINNING OF THE YEAR
6,949,950,494,227
8,772,864,995,860
11,239,373,935,739
6,949,950,494,227
3
4
1,444,785,308,390
3,238,728,466,932
687,470,635,401
1,108,282,646,315
2,242,455,643,662
271,289,459,714
3
5,818,389,525,016
3,182,922,744,536
5
50,000,000,000
145,000,000,000
11,239,373,935,739
6,949,950,494,227
Net cash provided by (used in)
financing activities
CASH AND CASH EQUIVALENTS
AT END OF THE YEAR
Cash and cash equivalents at end of
the year consist of:
Cash
Current accounts with Bank Indonesia
Current accounts with other banks
Placement with Bank Indonesia that
will mature within 3 months from
the date of acquisition
Placement with other banks that will
mature within 3 months from
the date of acquisition
Total
The accompanying notes form an integral part of these financial statements.
10
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APPROVAL FOR PRINTING
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DATE
: ______________________________
NAME
: ______________________________
POSITION
: ______________________________
PT BANK SYARIAH MANDIRI
SIGNATURE
STATEMENTS OF RECONCILIATION OF INCOME
AND REVENUE SHARING
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
Main operating income (accrual)
Deduction:
Income during the year in which cash or
cash equivalents ave not been received:
2a,2u,29
Murabahah margin income
Income from marketable securities
Mudharabah profit sharing income
Musyarakah profit sharing income
Income from amortization of differences
between acquisition costs and
nominal amounts for investments in
marketable securities
Ijarah income
7
13
4,684,793,297,347
211,075,579,212
31,571,994,888
25,645,145,406
51,538,883,612
194,667,901,692
42,494,275,455
-
2,230,993,378
67,609,739,857
2,376,562,321
136,307,696,686
389,672,336,353
375,846,436,154
7
7
194,667,901,692
136,307,696,686
132,460,608,275
62,451,306,841
13
-
3,292,041,667
13
42,494,275,455
46,054,713,737
2,376,562,321
2,352,958,467
375,846,436,154
246,611,628,987
5,424,025,496,255
4,555,558,490,180
3,343,083,770,430
2,080,941,725,825
2,641,991,997,436
1,913,566,492,744
2,023,983,895,790
1,876,221,722,896
56,957,830,035
37,344,769,848
7
Total addition
Available operating income for profit sharing
Profit sharing attributable to Bank
Profit sharing attributable to depositors
Profit sharing attributable to depositors is
detailed on:
Distributed profit sharing
attributable to depositors
Undistributed profit sharing
attributable to depositors
2012
5,437,851,396,454
Total deduction
Addition:
Income from previous year in which cash
have been received in current year:
Receipt from receivable settlement:
Murabahah margin
Ijarah income
Income from Bank Indonesia Syariah
Certificate
Income from government and corporate
sukuk
Income from amortization of differences
between acquisition costs and
nominal amounts for investments in
marketable securities
2013
2a
15
The accompanying notes form an integral part of these financial statements.
11
PT Bank Syariah Mandiri
: ______________________________
349
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
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DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
STATEMENTS OF SOURCES AND USES OF ZAKAT FUNDS
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
Sources of zakat funds
2013
: ______________________________
: ______________________________
2012
2a,2x,41
Zakat from Bank
22,662,472,354
28,131,606,226
439,795,827
2,869,078,669
7,954,395,076
6,280,860,321
31,056,663,257
37,281,545,216
Distributed through LAZNAS BSM
24,263,178,386
36,595,658,010
Total uses of zakat funds
24,263,178,386
36,595,658,010
535,219
632,899
6,794,020,090
686,520,105
Beginning balance of zakat funds
48,612,359,120
47,925,839,015
Ending balance of zakat funds
55,406,379,210
48,612,359,120
Zakat from customers and public
Zakat from the Bank’s employees
Total sources of zakat funds
Uses of zakat funds
Foreign exchange gain - net
Increase of zakat funds
The accompanying notes form an integral part of these financial statements.
12
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DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
POSITION
: ______________________________
STATEMENTS OF SOURCES AND USES OF QARDHUL HASAN FUNDS
SIGNATURE
: ______________________________
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah, unless otherwise stated)
Notes
Sources of qardhul hasan funds
Penalties
Hibah funds
Non-halal revenue
Other social funds
2a,14
42
2013
2012
27,300,018,406
191,243,336
607,935,204
830,667,606
8,472,541
453,611,371
481,628,334
28,099,196,946
1,774,379,852
Distributed through LAZNAS BSM
614,916,321
1,561,233,444
Total uses of qardhul hasan funds
614,916,321
1,561,233,444
87,404,667
62,641,788
27,571,685,292
275,788,196
3,437,661,500
3,161,873,304
31,009,346,792
3,437,661,500
2x
Total sources of qardhul hasan funds
Uses of qardhul hasan funds
Foreign exchange income
Increase in qardhul hasan funds
Beginning balance of qardhul hasan funds
Ending balance of qardhul hasan funds
The accompanying notes form an integral part of these financial statements.
13
PT Bank Syariah Mandiri
351
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
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APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
1. GENERAL
a. Background
PT Bank Syariah Mandiri (“the Bank”) was initially established under the name of PT Bank Industri
Nasional, abbreviated as PT BINA or also known as PT National Industrial Banking Corporation
Ltd., having its head office in Jakarta, based on notarial deed No. 115 dated June 15, 1955 of
Meester Raden Soedja, S.H., Notary in Jakarta. The notarial deed was approved by the Minister of
Law and Human Rights of the Republic of Indonesia (formerly known as the Minister of Law of the
Republic of Indonesia) in his decision letter No. J.A.5/69/23 dated July 16, 1955, and registered in
the South Jakarta District Court Office No. 1810 dated October 6, 1955 and published in the State
Gazette No. 37 dated May 8, 1956 as Supplement No. 390.
In accordance with the amendment of Articles of Association No. 12 dated April 6, 1967 which was
amended with Articles of Association No. 37 dated October 4, 1967, both of which were made
before Adlan Yulizar, S.H., Notary in Jakarta, and which have been published in the State Gazette
No. 34 dated April 29, 1969 as Supplement No. 55, the Bank changed its name from PT Bank
Industri Nasional, abbreviated as PT BINA or also known as PT National Industrial Banking
Corporation Ltd. into PT Bank Maritim Indonesia.
In accordance with the Minutes of Meeting No. 146 dated August 10, 1973, which was notarized
under notarial deed No. 146 of Raden Soeratman, S.H., Notary in Jakarta, which has been
published in the State Gazette No. 79 dated October 1, 1974, as Supplement
No. 554, the Bank's name was changed from PT Bank Maritim Indonesia into PT Bank Susila
Bakti.
In accordance with Notarial Deed of Decision of Meeting No. 29 dated May 19, 1999 of Machrani
Moertolo Soenarto, S.H., Notary in Jakarta, which was approved by the Minister of Law of the
Republic of Indonesia in his decision letter No. C2-1210.HT.01.04.TH 99 dated July 1, 1999 and
was published in the State Gazette No. 87 dated October 31, 2000 as Supplement No. 6587, the
Bank changed its name from PT Bank Susila Bakti into PT Bank Syariah Sakinah Mandiri.
In accordance with Notarial Deed of Decision of Meeting No. 7 dated July 7, 1999 of Machrani
Moertolo Soenarto, S.H., Notary in Jakarta, which was revised with notarial deed of minutes of
meeting No. 6 dated July 22, 1999 and notarial deed of minutes of meeting No. 9 dated July 23,
1999, both of which were made before Hasanal Yani Ali Amin, S.H., Notary in Jakarta, and
Notarial Deed of Decision of Meeting of changes in Articles of Association No. 23 dated
September 8, 1999 of Sutjipto, S.H., Notary in Jakarta, which was approved by the Minister of Law
of the Republic of Indonesia in his decision letter No. 16495.HT.01.04.TH.99 dated September 16,
1999 and was published in the State Gazette No. 87 dated October 31, 2000 as Supplement No.
6588, the Bank changed its name from PT Bank Syariah Sakinah Mandiri into PT Bank Syariah
Mandiri.
The Bank was granted a license from Bank Indonesia, based on the Governor of Bank Indonesia's
decision letter No. 1/24/KEP.GBI/1999 dated October 25, 1999, as a commercial bank under
Islamic principles and commenced its operation on November 1, 1999. In accordance with Notarial
Deed of Decision of Meeting No. 38 dated March 10, 2000 of Lia Muliani, S.H., Notary in Jakarta,
in lieu of Sutjipto, S.H., Notary in Jakarta, the Bank changed the amount of its capital stock, of
which change was approved by the Minister of Law and Human Rights of the Republic of
Indonesia in his decision letter No. C-11545.HT.01.04.TH.2000 dated June 6, 2000 and was
published in the State Gazette No. 87 dated October 31, 2000 as Supplement No. 6589.
14
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PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
1. GENERAL (continued)
a. Background (continued)
In 2006, the amendment to the articles of association as stated in the Notarial Deed of Decision of
Meeting of PT Bank Syariah Mandiri No. 59 dated May 17, 2006 of Imas Fatimah, S.H., Notary in
Jakarta, has been published in the State Gazette No. 74 dated September 15, 2006 as
Supplement No. 960.
The Bank has changed and amended its articles of association to comply with the Law No. 40 year
2007 regarding Limited Liability Company as stated in Notarial Deed No. 10 dated June 19, 2008,
of Badarusyamsi, S.H., Notary in Jakarta. The amendment was approved by the Minister of Laws
and Human Rights of the Republic of Indonesia through his Letter No. AHU-729922.01.02 year
2008, dated October 13, 2008.
In accordance with the Shareholders’ Extraordinary Meeting held on December 31, 2008, the
shareholders approved to increase the Bank shares capital amounting to Rp199,871,000,000 or
39,974,200 shares which will be issued from share portfolio. All of the shares were taken by
PT Bank Mandiri (Persero) Tbk.
The payments of shares were as follows:
a. The amount of Rp100,000,000,000 was fully paid-up in cash.
b. The amount of Rp99,871,000,000 was fully paid-up using non-cash (inbreng) in the form of
land and building owned by PT Bank Mandiri (Persero) Tbk.
The non-cash capital contribution (inbreng) amounting to Rp99,871,000,000 was fully paid on
December 31, 2008 and cash capital contribution amounting to Rp100,000,000,000 was fully paid
on January 5, 2009. Those capital contributions were stipulated in the Notarial Deed No. 211 dated
December 31, 2008 by Aulia Taufani, S.H. as a Notary in Lieu of Sutjipto, S.H., Notary in Jakarta,
which notice has been received and recorded in the database of Legal Administration System
(Sisminbakum) Department of Laws and Human Rights of the Republic of Indonesia on
February 23, 2009 No. AHU-AH.01.01-00922 regarding receipt of Notice of the Amendment of
Articles of Association of PT Bank Syariah Mandiri.
The Bank has changed its article of association with the Shareholders’ Extraordinary Meeting
PT Bank Syariah Mandiri No. 28 dated June 25, 2009 of Harun Kamil, S.H., in Jakarta, which has
been published in the State Gazette No. 85 dated October 25, 2011 as supplement No.131/L; The
Bank has changed its article of association consecutively with the Shareholders’ Extraordinary
Meeting PT Bank Syariah Mandiri No. 16 dated June 29, 2010 of Harun Kamil, S.H., in Jakarta,
the Decision Taken Out of Shareholders’ Meeting PT Bank Syariah Mandiri No. 19 dated
March 21, 2011 of Badarusyamsi, S.H., MKn in Jakarta, which was approved by the Minister of
Law of the Republic of Indonesia in his decision letter No. AHU-22426.AH.01.02.TH 2011 dated
May 4, 2011, and the latest Amendment of article of Shareholders of PT Bank Syariah Mandiri
No.38 dated December 28, 2012 of Efran Yuniarto, SH, M.Kn., in Jakarta, which have received
acceptance noticed from the Minister of Law of the Republic Indonesia No.AHU-AH.01.10-00527
dated January 3, 2013.
In accordance with the Shareholders’ Extraordinary Meeting decision held on December 27, 2013
and stated in the Deed No. 20 dated January 22, 2014 of Chairul Bachtiar, S.H., in Jakarta the
shareholders approved to increase the Bank shares capital by inbreng amounting to
Rp30,778,370,000 or 6,155,674 shares which will be issued from share portfolio. All of the shares
were taken by PT Bank Mandiri (Persero) Tbk.
15
PT Bank Syariah Mandiri
353
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
1. GENERAL (continued)
a. Background (continued)
The Bank's head office is located at Jalan M.H. Thamrin No. 5 Jakarta 10340. As of
December 31, 2013, the Bank has 136 branches, 509 sub branches, 58 cash offices, 144 payment
points, and 6 syariah service offices (unaudited).
Based on the Notarial Deed of Decision of the meeting of PT Bank Syariah Mandiri No. 19 dated
June 28, 2011 of Badarusyamsi, S.H., M.Kn., Notary in Jakarta, the composition of the Syariah
th
Supervisory Board as of June 28, 2011 until the closing of the 5 (fifth) year of General
Shareholders Meeting effective from their appointment is as follows:
2013
2012
Prof. Dr. Komaruddin Hidayat.,MA.
Drs. Mohamad Hidayat, MBA., MH.
Dr. M. Syafii Antonio, M.Ec.
Prof. Dr. Komaruddin Hidayat.,MA.
Drs. Mohamad Hidayat, MBA., MH.
Dr. M. Syafii Antonio, M.Ec.
The Syariah Supervisory board
Chairman:
Member:
Member:
According to Bank Indonesia Regulation (PBI) No. 11/3/PBI/2009 dated January 29, 2009
regarding Commercial Banks based on Syariah Principle, the Syariah Supervisory Board (SSB) is
responsible to provide advice and suggestions to the Board of Directors and overseeing the
activities of the Bank to comply with syariah principles.
Based on PT Bank Syariah Mandiri Annual General Meeting of Shareholders’ on May 29, 2013
which minutes of meeting were notarized under the Deed No. 24 dated May 29, 2013 of
Badarusyamsi, S.H., M.Kn., and the Notarial Deed of Shareholders’ Annual General Meeting of
Shareholders’ No. 14 dated June 20, 2013 of Badarusyamsi, S.H., M.Kn., the compositions of the
Bank’s management as of December 31, 2013 and 2012 are as follows:
2013
2012
Board of Commissioners
Head of Commissioner
Concurrently Independent
Commissioner:
Independent Commissioner:
Independent Commissioner:
Commissioner:
Commissioner:
Achmad Marzuki
Ramzi A. Zuhdi
Bambang Widianto *)
Sulaeman
Agus Fuad
Achmad Marzuki
Abdillah
Ramzi A. Zuhdi
Tardi
Lilis Kurniasih
Board of Directors
Head of Director:
Director:
Director:
Director:
Director:
Director:
Yuslam Fauzi
Hanawijaya
Amran P. Nasution
Zainal Fanani
Sugiharto
Achmad Syamsudin
Yuslam Fauzi
Hanawijaya
Amran P. Nasution
Zainal Fanani
Sugiharto
Achmad Syamsudin
*) Effective upon approved by Bank Indonesia
16
Annual Report 2013
354
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
1. GENERAL (continued)
a. Background (continued)
The composition of the audit committee, risk monitoring committee and remuneration and
nomination committee as of December 31, 2013 and 2012 are as follows:
2013
2012
Audit Committee
Chairman:
Member:
Member:
Member:
Member:
Ramzi A. Zuhdi
Agus Fuad
Bambang Widianto *)
Tjeppy Kustiwa
Ferry Firmansyah
Abdillah
Ramzi A. Zuhdi
Tjeppy Kustiwa
Ferry Firmansyah
Risk Monitoring Committee
Chairman:
Member:
Member:
Member:
Member:
Ramzi A. Zuhdi
Sulaeman
Bambang Widianto *)
Edyanto Rachman
Ateng Suhaeni
Ramzi A. Zuhdi
Abdillah
Lilis Kurniasih
Edyanto Rachman
Ateng Suhaeni
Remuneration and Nominationi
Committee
Chairman:
Achmad Marzuki
Member:
Ramzi A. Zuhdi
Member:
Agus Fuad
Member:
Achmad Fauzi
Member:
Eka Bramantya Danuwirana
Member:
Taufik Machrus
Achmad Marzuki
Abdillah
Tardi
Achmad Fauzi
Eka Bramantya Danuwirana
*) Effective upon approved by Bank Indonesia
Salaries and other compensation paid to the Board of Directors, Board of Commissioners and
Syariah Supervisory Board as of December 31, 2013 and 2012 are as follows:
2013
2012
Board of Directors
Board of Commissioners
Syariah Supervisory Board
35,956,742,381
10,813,082,142
907,803,050
30,885,232,387
9,073,392,648
1,106,606,335
Total
47,677,627,573
41,065,231,370
As of December 31, 2013 and 2012, the Bank has 9,513 and 9,331 employees (unaudited),
respectively.
17
PT Bank Syariah Mandiri
355
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES
a. Basis of Preparation of Financial Statements
Statement of Compliance
The financial statements have been prepared in conformity with Indonesian Financial Accounting
Standards which include the Statement of Financial Accounting Standards ("SFAS") No. 101
(Revised 2011), “Presentation of Syariah Financial Statements”, SFAS No. 102, “Murabahah
Accounting”, SFAS No. 104, “Istishna Accounting”, SFAS No. 105, “Mudharabah Accounting”,
SFAS No. 106, “Musyarakah Accounting”, SFAS No. 107, “Ijarah Accounting”, SFAS No. 110
“Sukuk Accounting”, and the Accounting Guidelines for Indonesian Syariah Banking (PAPSI).
The financial statements were prepared on the accrual basis using the historical cost concept
except for certain exceptions as follows:
1) Certain marketable securities are stated at fair values (Note 2g);
2) Foreclosed assets in relation with the financing repayment are stated at net realizable values
(Note 2c);
3) Calculation of income available for profit sharing which are using cash basis (Note 2w); and
4) Fees from certain services (ujrah) and administration fee for financing which are recognized
using cash basis (Notes 2j and 2y).
Based on SFAS No. 101 (Revised 2011), the syariah bank financial statements should include the
following:
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
Statements of financial position;
Statements of comprehensive income;
Statements of changes in shareholders' equity;
Statements of cash flows;
Statements of reconciliation of income and profit sharing;
Statements of sources and uses of zakat funds;
Statements of sources and uses of qardhul hasan funds; and
Notes to financial statements.
Statement of financial position, statements of comprehensive income, cash flows, and changes in
shareholders' equity are financial statements reflecting the Bank's commercial activities in
accordance with syariah principle.
The statements of cash flows were prepared based on the direct method with cash flows classified
into cash flows from operating, investing and financing activities, except for some cash flows in
operating activities and funding have been prepared using the indirect. For the purpose of the
statements of cash flows, cash and cash equivalents include cash, current accounts with Bank
Indonesia and other banks, placements with Bank Indonesia and other banks maturing within 3
(three) months from the date of acquisition.
18
Annual Report 2013
356
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
a. Basis of Preparation of Financial Statements (continued)
Statement of Compliance (continued)
Statements of reconciliation of income and profit sharing represent reconciliation between the
Bank’s revenue on accrual basis and revenue distributed as profit sharing to depositors on a cash
basis.
Statements of sources and uses of zakat and qardhul hasan funds represent statement of the
Bank’s role as responsibility taker of social funds which is managed separately from the Bank.
Statements of sources and uses of zakat represent a statement showing the sources and the uses
of zakat funds in a certain period and the undistributed funds on specific dates.
Statements of sources and uses of qardhul hasan funds represents statement of the sources and
uses of qardhul hasan funds during certain period of time and balance of qardhul hasan on
specific dates.
Restricted investment represents investment that arised from investor and alike which managed
by the Bank as investment agent based on mudharabah muqayyadah contract. Restricted
investment is neither classified as asset nor liability since Bank has no rights to use or distribute
the investment funds and Bank also has no obligation to either repay or bear any investment risk.
Bank will receive income in the form of investment fee. Remaining undistributed funds will be
recorded as liabilities due immediately.
Mudharabah muqayyadah agreement is an activity of shahibul maal to provide fund for investment
or working capital to Mudharib for conducting business activities in accordance with the
agreement. The sharing of profits is determined based on agreement.
Zakat is some of the wealth that must be taken out by muzakki (the zakat payer) to be given to
mustahiq (the zakat receiver). The sources of zakat, infaq, shadaqah funds are from Bank and
other parties to be distributed to parties eligible in accordance with syariah principle.
The Bank does not directly manage the operation of zakat, infaq and shadaqah funds, and qardhul
hasan funds.
b. Transactions with Related Parties
In the normal course of business, the Bank entered into transactions with parties which are defined
as related parties in accordance with the SFAS No. 7 (Revised 2010) regarding “Related Party
Disclosures”.
The nature of transactions and balances of accounts with related parties, whether or not transacted
on normal terms and conditions similar to those with third parties, are disclosed in the notes to
financial statements.
Based on SFAS No. 7 (Revised 2010) “Related Party Disclosures”, transactions between the Bank
and the State Owned Enterprises/Regional government owned enterprises; other entities and
institutions associated with the Government of the Republic of Indonesia, the Board of
Commissioners, Directors, and key employees are considered as transactions with related parties.
19
PT Bank Syariah Mandiri
357
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES
c. Allowance for Possible Losses on Earning Assets, Non-earning Assets and Estimated Losses
on Commitment and Contingencies
1) Earning assets consist of current account and placements with Bank Indonesia in the form of
Bank Indonesia Syariah Certificate (SBIS), Bank Indonesia Syariah Deposit Facility (FASBIS),
Reverse Repo SBSN BI, current accounts with other banks, placement with other banks,
investment in marketable securities, receivables, funds of qardh, musyarakah financing,
mudharabah financing, ijarah assets, and commitments and contingencies with credit risk, such
as bank guarantees, irrevocable letters of credit and standby letters of credit.
Allowance for possible losses of earning assets and non-earning assets for commercial bank
conducting business based on syariah principles is regulated in Bank Indonesia Regulation (PBI)
No. 8/21/PBI/2006 dated October 5, 2006 regarding The Quality Rating of Assets of Commercial
Banks Conducting Business Based on Syariah Principles, which has been ammended with PBI
No. 9/9/PBI/2007 dated June 18, 2007, PBI No.10/24/PBI/2008 dated October 16, 2008 and the
latest amendment PBI No.13/13/PBI/2011 dated March 24, 2011.
The guidelines in determining the allowance for possible losses on earning assets based on
the aforementioned Bank Indonesia Regulation are as follows:
a) General reserve shall be no less than 1% of total earning assets classified as current,
excluding Bank Indonesia Syariah Certificates and securities issued by the Government
based on syariah principles, and part of earning assets guaranteed by government bonds
and cash collateral in the form of demand deposits, saving deposits, time deposits,
guarantee deposits, and/or gold which are pledged accompanied with the power of
attorney to liquidate.
b) Special reserve shall be at least:
(1)
(2)
(3)
(4)
5% of earning assets classified as Special Mention after deducted by collateral value;
15% of earning assets classified as Substandard after deducted by collateral value;
50% of earning assets classified as Doubtful after deducted by collateral value;
100% of earning assets classified as Loss after deducted by collateral value.
c) The requirement to establish allowance for possible losses shall not be applicable for
earning assets under leasing transactions in the form of ijarah or leasing transaction with
transfer of ownership of leasing object in the form of ijarah muntahiyah bittamlik. The Bank
is required to establish depreciation/amortization for the assets of ijarah muntahiyah
bittamlik (Note 2k).
For marketable securities and placements with other banks, the quality rating is classified into
3 (three) classification: current, substandard, and loss. Quality rating of equity investment is
determined into 4 (four) categories: current, substandard, doubtful, and loss.
Allowance for possible losses on commitments and contingent liabilities are recorded under
"Estimated Losses on Commitments and Contingencies".
If management believes that certain earning assets are not recoverable then those assets
should be written off by deducting the balance of earning assets from their respective
allowances. Recoveries of earning assets that have been written off are recorded as additional
allowance for possible losses in the current year.
20
Annual Report 2013
358
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
c. Allowance for Possible Losses on Earning Assets, Non-earning Assets and Estimated
Losses on Commitments and Contingencies (continued)
2) Non-earning assets represent the Bank’s assets other than earning assets which have
potential loss such as foreclosed assets, abandoned properties, inter-branches account, and
suspense account.
Foreclosed asset is an asset acquired through auction or over the counter based on voluntary
submission by collateral owner or based on the power of attorney to sell over the counter from
collateral owner in the event of customer’s failure in meeting his liabilities to the Bank.
The Bank is required to settle its foreclosed assets and prepare documentation of its effort to
settle the assets. The Bank is required to re-evaluate the foreclosed assets to determine net
realizable value:
a) at the time the asset is foreclosed, and
b) in the succeeding period after the acquisition of foreclosed asset.
The determination of net realizable value is required to be carried out by an independent
appraiser for foreclosed assets in the amount equivalent or more than Rp5,000,000,000 (five
billion Rupiah). Internal appraiser of the Bank may be used for asset below Rp5,000,000,000
(five billion Rupiah).
The Bank is required to use the lowest price if there are several values proposed by the
independent or internal appraiser.
The quality of foreclosed assets which in settlement process is determined as follows:
a) Current, if acquired within 1 (one) year;
b) Loss, if acquired more than 1 (one) year.
Foreclosed assets related to settlement of financing (presented as other asset) are recognized
based on net realizable value. Net realizable value is the fair value less estimated cost of
disposal. The difference between the net realizable value and the balance of uncollectible
receivables or financing is recognized as addition or deduction of allowance for possible
losses on receivables or financing.
Inter-branches account is the claim arising from inter-branch transactions that are unsettled
after a certain period of time.
Suspense account is an account containing unidentified transactions or transactions which are
unable to be classified to the proper account due to the lack of adequate supporting
documents.
The Bank is required to settle its inter-branch account and suspense account.
The quality of inter branch account and suspense account are determined as:
(1) Current, the transaction has been recorded in the Bank’s book up to 180 (one hundred
and eighty) days.
(2) Loss, the transaction has been recorded in the Bank’s book over 180 (one hundred and
eighty) days.
21
PT Bank Syariah Mandiri
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Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
d. Placements with Bank Indonesia
Placements with Bank Indonesia consist of Wadiah current accounts with Bank Indonesia, Bank
Indonesia Syariah Deposit Facility (FASBIS), Reverse Repo SBSN Bank Indonesia, and
Certificates of Bank Indonesia Syariah as proof of short-term fund deposits based on jualah
principles.
e. Current Account with Other Banks
Current accounts with other banks are stated at their outstanding balance net of allowance for
possible losses. Bonuses received from Commercial Banks based on syariah principles are
recognized as other operating income. Interest on current accounts placed with non-syariah banks
are not recognized as the Bank's income but are recorded as part of the qardhul hasan funds. The
interest from current accounts with non-syariah banks will be recorded as the Bank’s liabilities
before distributed to the fund.
f.
Placements with Other Banks
Placements with other banks represent placements in the form of wadiah, mudharabah time
deposits and mudharabah saving deposits, other financing and other placements based on syariah
principles in other syariah banks and/or rural syariah banks. Placements with other banks are
stated at their outstanding balance net of allowance for possible losses.
g. Investment in Marketable Securities
Syariah marketable securities is a proof of investment under the syariah principles commonly
traded in syariah money market and/or syariah stock exchange, such as syariah bonds, syariah
mutual funds certificates and other securities based on syariah principles.
Since January 1, 2012, investment in marketable securities, except for mutual funds, are classified
based on business model defined by the Bank in accordance with SFAS No. 110 on “Accounting
for Sukuk” as follows:
1) At cost model is adopted the purpose of holding the securities is to acquire contractual cash
flow and there is contractual requirements that specify a certain date of principal and margin
payments. At cost securities are stated at cost (including transaction costs), adjusted by
unamortized premium and/or discount. Premium and discount are amortized over the period
until maturity.
2) Fair value model is where the Sukuk are valued using market prices. Upon initial recognition,
transaction cost are recorded in current statement of comprehensive income.
Book value as of January 1, 2012 for securities which were issued before January 1, 2012, is initial
cost value of the securities, when SFAS 110 is adopted on the securities.
Investment in syariah mutual funds are stated at market value based on net asset value of mutual
funds on statement of financial position dates.
Export bills are a transaction that occurs due to advance payments to other parties in connection
with exports and import transactions of customers. Exports bills are stated at their outstanding
balance.
Allowance for possible losses is stated as deduction of marketable securities accounts.
22
Annual Report 2013
360
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
h. Receivables
Receivables represent claims arising based on murabahah agreement, istishna agreement and/or
ijarah agreement.
Murabahah agreement is an agreement for financing such goods by confirming purchase price to a
buyer and the buyer pays it with a higher price as an agreed profit.
Murabahah receivables are stated at the balance of the receivable less deferred margin and
allowance for possible losses. The Bank provides allowance for possible losses based on the
review of the quality of individual murabahah receivable balance.
Istishna agreement is an agreement to finance such goods in the form of manufacturing the
ordered goods with the agreed criteria and specification by both of orderer or buyer (Mustashni')
and manufacturer or seller (Shani’).
Istishna receivables are presented based on the outstanding billings less allowance for possible
losses. The Bank provides allowance for possible losses on istishna receivables based on the
review of the quality of individual istishna receivable balance.
Ijarah agreement is an agreement on the availability of fund in relation to transferring the right to
use and benefit of a good or service based on rental transaction which was not followed by
transfer of the goods ownership to the lessee.
Ijarah muntahiyah bittamlik agreement is an agreement on the availability of fund in relation to
transferring the use right and benefit of a good or service based on rental transaction with an
option to transfer the ownership title of goods to the lessee.
The title of the lease object in ijarah muntahiyah bittamlik can be transferred to the lessee through:
(i) a grant;
(ii) sale prior to the end of the contract for an amount equivalent to the remaining lease
installments;
(iii) sale prior to the end of the contract at a specified amount as agreed at the inception of the
contract; and
(iv) installment sales at a specific price as agreed in the contract.
Ijarah receivable is recognized at due date at the amount of lease income not yet received and
presented at its net realizable value, which is the outstanding balance of the receivable.
i.
Financing
Financing is entered into using mudharabah and musyarakah agreement.
Mudharabah agreement is a co-operation agreement for certain project between first party (malik,
shahibul mal, or syariah bank) as owner of fund and second party (amil, mudharib, or debtors) as
fund manager whereas the profit sharing will be shared in accordance with percentage as stated in
the agreement, meanwhile losses will be borne by syariah bank except if the second party does
negligence, misconduct or violate the agreement.
23
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Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
i.
Financing (continued)
Mudharabah financing is stated at the outstanding financing balance less allowance for possible
losses. Allowance for possible losses is provided based on the review of the quality of individual
mudharabah financing.
In the event that a portion of mudharabah financing is impaired prior to the start up of operations
owing to damage or any other reason, without course to negligence or error on the part of the fund
manager, the said loss shall reduce the mudharabah financing balance and shall be recognized as
a loss by the Bank. In the event that a portion of financing is loss, impair or damage after the
commencement of operations for reasons unrelated to negligence or error on the part of the fund
manager, the loss shall be distributed between parties upon the determination of profit or revenue
sharing between the Bank and the fund manager. Loss on financing for reasons related to
negligence or error on the part of the fund manager shall be charged to the fund manager and
shall not reduce the mudharabah financing balance.
Musyarakah agreement is a cooperation agreement between two or more parties in a certain
business wherein each party provides a portion of fund on condition that the profit shall be shared
in accordance with the percentage as stated in the agreement, whereas losses shall be borne in
accordance with the portion of the fund of each party.
Permanent musyarakah is musyarakah in which the fund portion of each partner is stated explicitly
in the contract and remains the same until the contract expires.
Declining musyarakah (musyarakah mutanaqisha) is musyarakah in which the fund portion of the
Bank will be transferred in several stage to the other partner, resulting in the declining of fund
portion of the Bank and, at the end of contract, the other partner will become the sole owner of the
business.
Musyarakah financing is stated at the outstanding financing balance less allowance for possible
losses. The Bank provides allowance for possible losses based on the review of the quality of
individual musyarakah financing.
j.
Funds of Qardh
Funds of qardh represent a distribution of funds with qardh agreement.
Qardh agreement is a borrowing agreement with borrower at the condition that the borrower
should repay the loan at specified period of time.
Qardh receivables included hawalah and rahn financing agreement. Hawalah is transfer of debts
from debtors to other party (Bank) which obligate to shouldered or paid. The Bank will obtain a fee
(ujrah) from this transaction, which is recognized upon receipt.
Rahn represents the mortgage of goods or assets owned by the customer for an equivalent
amount of money. Assets or goods mortgaged are appraised based on market value, less a
certain deduction percentage. The Bank will obtain a fee (ujrah), which is recognized upon receipt.
Qardh receivables are recognized at the amount lent at the transaction date. Any excess amount
paid by the borrower in repaying a qardh is recognized as revenue upon realization. Qardh
receivables are stated at its outstanding balance less allowance for possible losses. The Bank
provides allowance for possible losses on qardh based on the review quality of the individual
outstanding balances.
24
Annual Report 2013
362
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
k. Assets Acquired for Ijarah
Assets acquired for ijarah represent assets that are objects of lease transactions (ijarah) and are
recognized at the acquisition cost. The assets in an ijarah transaction are depreciated based on
the depreciation policy for similar assets, while in an ijarah muntahiyah bittamlik transactions, the
asset for lease is depreciated over the lease period.
Assets acquired for ijarah are presented at the acquisition cost less accumulated depreciation and
amortization.
l.
Istishna Assets in Progress
Istishna assets in progress are istishna assets which are still in process of production.
If the completion of payment is done simultaneously with the process of producing istishna asset,
then:
1) Deferred expense that is paid prior to the contract is recognized as istishna assets in progress
when the contract is signed.
2) Istishna expense is recognized as istishna assets in progress when it is completed.
3) Parallel istishna expense is recognized as istishna assets in progress when the invoice is
received from sub-contractor for the amount of the bill.
m. Fixed Assets
Fixed assets are stated at cost less accumulated depreciation. Fixed assets are depreciated from
the month of the usage of assets and computed using the straight-line method based on the
estimated useful life of the assets as follows:
Years
Buildings
Installations, office equipments, and motor vehicles
20
5
Land is stated at cost and not depreciated.
The cost of repairs and maintenance is charged to operations as incurred, significant renewals and
betterments are capitalized. When assets are retired or otherwise disposed of, their cost and the
related accumulated depreciation are removed from the accounts and any resulting gain or loss is
credited or charged to current year statement of comprehensive income.
The carrying value of fixed assets is derecognized upon disposal or when no future economic
benefits expected from the use or disposal. Gains or losses arising from derecognition of the asset
(calculated as the difference of the net proceeds from disposal and the carrying amount of the
assets) is included in the statements of comprehensive income in the year the asset is
derecognized.
The recoverable value of an asset is estimated when events or changes in circumstances indicate
that the carrying value may not be fully recoverable. Asset impairment, if any, is recognized as a
loss in the current year statement of comprehensive income.
25
PT Bank Syariah Mandiri
363
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
n. Prepaid Expenses
Prepaid expenses (presented under "Other Assets" account) are amortized over their expected
useful periods using the straight-line method.
o. Liabilities due Immediately
Liabilities due immediately represent obligations to third parties, based on a contract or an order by
those having authority, which have to be settled immediately. Liabilities due immediately are stated
at the amount of the Bank's liability.
p. Wadiah Deposits
Wadiah deposits represent other parties' funds in the form of wadiah demand deposits and wadiah
saving deposits. Wadiah demand deposits can be used as payment instruments, and are available
for withdrawal at any time through check and demand deposit slip (“bilyet giro”). Wadiah demand
deposits and wadiah saving deposits may earn bonus based on the Bank's policy. Wadiah
demand deposits and wadiah saving deposits are stated at the amount payable to depositors.
q. Deposits from Other Banks
Deposits from other banks represent liabilities to other banks in the form of wadiah demand
deposits, wadiah saving deposits, and Interbank mudharabah Investment Certificate (SIMA).
Deposits from other banks are stated at the amounts payable to other banks.
r.
Financing Received
Financing received are funds received from other entity with obligation to repay in accordance to
requirements on agreement. Financing received is stated at their nominal value at the time of
agreement is being signed.
s. Subordinated Notes Issued
Subordinated notes issued are stated at their nominal value. Issuance costs of the notes are
amortized using straight line method during the period of the notes.
t.
Temporary Syirkah Funds
Temporary syirkah funds represent investment received by the Bank. The Bank has the right to
manage and invest funds in accordance with either the Bank’s policy or restriction set by the
depositors’ with the agreed profit sharing.
26
Annual Report 2013
364
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
t.
Temporary Syirkah Funds (continued)
Relationship between the Bank and the owner of temporary syirkah funds are based on
partnership mudharabah muthlaqah, mudharabah muqayyadah or musyarakah. The example of
temporary syirkah funds are investment funds received from mudharabah muthlaqah, mudharabah
muqayyadah, mudharabah musytarakah and other similar accounts.
1) Mudharabah muthlaqah represents mudharabah in which the fund owner (shahibul maal)
entrusts to fund manager (mudharib/Bank) in managing its investment.
2) Mudharabah muqayyadah represents mudharabah in which the fund owner sets restrictions
against fund manager regarding, among others, the place, the means and/or the object of
investment.
3) Mudharabah musytarakah represents mudharabah in which fund manager also submits its
capital or fund in the investment.
Temporary syirkah fund can not be classified as liability. This is due to the Bank does not have any
liability to return the fund to the owners, except for losses due to the Bank’s management
negligence or misrepresentation. On the other hand, temporary syirkah fund also can not be
classified as equity, because of the existence of maturity period and the depositors do not has the
same rights as the shareholder’s such as voting rights and the rights of realized gain from current
assets and other non-investment accounts.
Temporary syirkah funds represent one of the statements of financial position accounts which is in
accordance with syariah principle provide right to the Bank to manage and invest fund, including to
mixing of one funds with the other funds.
The owner of temporary syirkah funds receive parts of profit in accordance with the agreement and
receive loss based on proportion to the total funds. The profit distribution of temporary syirkah
funds might be based on profit sharing or revenue sharing concept.
u. Income from Fund Management by the Bank as Mudharib
Income from fund management by the Bank as mudharib consists of income from murabahah and
istishna transactions, income from ijarah (leasing), income from profit sharing of mudharabah, and
musyarakah financing and other main operating income.
Murabahah income by deferred payment or by installment is recognized during the period of the
contract based on effective method (annuity).
Income from istishna is recognized using the percentage of completion or full completion method.
Income from ijarah is recognized proportionally during the contract period.
Profit sharing for passive partner in musyarakah is recognized in the period when the right arises
in accordance with the agreed sharing ratio.
Profit sharing income from mudharabah is recognized in the period when the right arises in
accordance with agreed sharing ratio and the recognition based on projection of income is not
allowed.
Repayment from debtors classified as non-performing was treated as repayment of acquisition
cost or principal of receivable/financing. Payment in excess of the acquisition cost or principal of
receivable/financing will be recognized as income when it received. However for ijarah transaction,
repayment from customers is treated as repayment of rent receivable.
27
PT Bank Syariah Mandiri
365
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
v. Other Main Operating Income
Other main operating income consists of income derived from Bank Indonesia Syariah Certificates,
placements with other syariah banks and profit sharing from syariah securities. Other main
operating income is recognized on an accrual basis.
w. Third Parties’ Share on Return of Temporary Syirkah Funds
Third parties’ share on the return of temporary syirkah funds represent fund owners’ share of the
profit of the Bank derived from managing of such funds under mudharabah mutlaqah, mudharabah
muqayyadah and mudharabah musytarakah principles. The profit sharing is determined on a cash
basis.
Distribution of profit sharing is based on profit sharing principle which is calculated from the Bank’s
gross profit margin.
Margin income and profit sharing on financing facilities and other earning assets are distributed to
fund owners and the Bank based on proportion of fund used in the financing and other earning
assets. Margin income and profit sharing income allocated to the fund owners are then distributed
to fund owners as shahibul maal and the Bank as mudharib based on a predetermined ratio.
Margin income and profit sharing from financing facilities and other earning assets using the
Bank's funds, are entirely shared for the Bank, including income from the Bank's fee-based
transactions.
x. Sources and Uses of Zakat and Qardhul Hasan Funds
The management of sources and uses of zakat and qardhul hasan funds is delegated to LAZNAS
BSM.
Penalties/sanctions were charged to debtors who are able to pay, but deliberately delay payments,
in the amount that are agreed and not determined on the contract. The funds from
penalties/sanctions will be used for charity funds/qardhul hasan funds.
y. Fee Based Income from Banking Services
Fee based income from banking services are generally recognized when cash is received, except
for the unamortized premium/discount which is recognized on an accrual basis.
z.
Provision for Employee Benefits
Employee benefits related to past retirement benefits and long term benefits are recognized during
the working period of the employees in accordance with Labor Law No. 13 Year 2003 dated
March 25, 2003 (Law No. 13/2003) or the Bank’s regulation whichever benefit is higher.
28
Annual Report 2013
366
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
z. Provision for Employee Benefits (continued)
Post employment benefits
Starting January 1, 2012, the Bank adopted SFAS No. 24 (Revised 2010), “Employee Benefit”.
Under SFAS No. 24 (Revised 2010), “Employee Benefits”, the cost of providing the employee
benefits is determined using the “Projected Unit Credit” actuarial valuation method. Actuarial gains
and losses are recognized as income or expense when the net cumulative unrecognized actuarial
gains and losses at the end of the previous reporting year exceeded 10% of the present value of
the defined benefit obligation. These gains or losses are recognized on a straight-line method over
the expected average remaining working life of the employees. Moreover, past service costs
arising from the introduction of a defined benefit plan or changes in the benefit payable of an
existing plan are required to be amortized over the period until the benefits concerned become
vested.
The Bank also has a defined contribution pension plan through Dana Pensiun Lembaga Keuangan
(DPLK) program. Contributions borne by the Bank are recognized as current costs during the year.
Long-term benefits
The Bank provides the long-term employee benefits in the form of long service leave and long
service awards. For long-term employee benefits, SFAS No. 24 (Revised 2010) requires
accounting treatment similar with the accounting for defined benefit plans (as presented in the
previous paragraph), except that the actuarial gains and losses and past service costs incurred
should be recognized immediately in the current year statement of comprehensive income.
aa. Transactions and Balances in Foreign Currency
The financial statements are presented in Rupiah, which is the functional and reporting currency of
the Bank.
Transactions in foreign currencies are recorded at the exchange rates prevailing at the time the
transactions are made.
As of December 31, 2013 and 2012, monetary assets and liabilities in foreign currencies are
translated into Rupiah based on Reuters published spot rate at 16.00 (Western Indonesian time),
as follows (in full amount):
2013
1 United States Dollar (USD)
1 Australian Dollar (AUD)
1 Euro (EUR)
1 Singapore Dollar (SGD)
1 Saudi Arabia Riyal (SAR)
1 Hong Kong Dollar (HKD)
1 Japanese Yen (JPY)
12,170.00
10,855.64
16,759.31
9,622.07
3,245.12
1,569.54
115.75
2012
9,637.50
10,007.10
12,731.62
7,878.61
2,569.83
1,243.00
111.77
Differences of the translations on foreign currency assets and liabilities in the Rupiah are
recognized as income or expense in the current year.
29
PT Bank Syariah Mandiri
367
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
ab. Income Tax
Current tax expense is determined based on the estimated taxable income for the year. Deferred
tax assets and liabilities are recognized for temporary differences between assets and liabilities for
commercial purposes against tax purposes at each reporting date. Future tax benefits, such as
unused tax losses, are recognized to the extent possible that these benefits can be realized.
Deferred tax assets and liabilities are measured at expected tax rates applicable to the period
when the asset is realized or the liability is settled, based on the prevailing or substantially
prevailing tax rates (and tax laws) at the statement of financial position date
Amendments to taxation obligations are recorded when an assessment is received or, if objected
or appealed against, when the results of the objection or appeal has been determined.
ac. Basic Earnings per Share
Basic earnings per share are computed by dividing net income with the weighted average number
of shares issued and fully paid during the year.
Net income used to calculate basic earnings per share for the years ended December 31, 2013
and 2012 amounted to Rp651,240,189,470 and Rp805,690,561,013, respectively. Total weighted
average shares outstanding used as the divisor in calculating basic earnings per share as of
December 31, 2013 and 2012 are 291,733,036 shares and 238,206,089 shares, respectively.
ad. Use of Estimates
The preparation of financial statements in conformity with financial accounting standards in
Indonesia requires the use of estimates and assumptions that affect:
1) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements,
2) the reported amounts of revenues and expenses during the reporting period.
Although these estimates are based on management’s best knowledge of current events and
activities, actual results may differ from those estimates.
ae. Significant accounting judgements and estimates
In the process of applying the Bank’s accounting policies, management has exercised professional
judgement and estimates in determining the amounts recognized in the financial statements. The
several significant uses of the professional judgment and estimates are as follows:
1. Going concern
The Bank’s management has made an assessment of the Bank’s ability to continue as a going
concern and is satisfied that the Bank has the resources to continue its business for the
foreseeable future. Furthermore, the management is not aware of any material uncertainties
that may cast significant doubt upon the Bank’s ability to continue as a going concern.
Therefore, the financial statements continue to be prepared on the going concern basis.
30
Annual Report 2013
368
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
ae. Significant accounting judgements and estimates (continued)
2. Impairment losses on assets
The Bank reviews its quality of assets at each statement of financial position date to assess
whether an impairment loss should be recorded in the statement of comprehensive income. In
determining whether an impairment loss should be recorded in comprehensive income, Bank
made estimation whether there is any indication impairment of the quality of the assets. These
estimates are based on assumptions about a number of factors and actual results may differ,
resulting in future changes to the allowance.
3. Fair value of financial instruments
When the fair values of financial assets and financial liabilities recorded on the statements of
financial position cannot be derived from active markets, they are determined using a variety
of valuation techniques that include the use of mathematical models. The inputs to these
models are derived from observable market data where possible, but when observable market
data are not available, management’s judgment is required to establish fair values. The
management’s judgments include considerations of liquidity and model inputs such as
discount rates, early payment rates and default rate assumptions.
4. Deferred tax assets
Deferred tax assets are recognized for the future recoverable taxable income arising from
temporary difference. Management’s judgement is required to determine the amount of
deferred tax assets that can be recognized, based upon the likely timing on level of future
taxable profits together with future tax planning strategics.
5. Provision for employee benefits
Provision for employee benefits programs are determined based on actuarial valuation. The
actuarial valuation involves assumptions such as discount rate, expected rate of returns on
investments, future salary increase, mortality rate, resignation rates and others.
Due to the long-term nature of these employee benefits, such estimates are subject to
significant uncertainty.
6. Economic life of fixed assets
The Management of the Bank estimate the useful life fixed assets based on the period over
which the assets is expected to be available for use. The useful life of each item is reviewed
periodically and updated if expectations differ from previous estimates due to physical and
technical or commercial obsolescence and legal or other limits on the used of the asset.
It is possible, that future results of operations could be materially affected by changes in the
estimation due to changes in the factors mentioned above. The amount and timing of recorded
expenses for each period will be affected by changes of other factors and condition when
recorded. Decrease of estimated useful life of fixed assets will increase operating expenses.
31
PT Bank Syariah Mandiri
369
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
2. SUMMARY OF ACCOUNTING POLICIES (continued)
af. Implementation of Accounting Guidelines for Indonesian Syariah Banking (“PAPSI”) 2013
and New Accounting Pronouncement
1. Implementation of Accounting Guidelines for Indonesian Syariah Banking (“PAPSI”)
2013
Bank Indonesia as the banking regulator in Indonesia has issued the revision of Pedoman
Akuntansi Perbankan Indonesia (PAPSI 2013) and Surat Edaran Bank Indonesia
No. 15/26/DPbS “Guidance on implementation of PAPSI 2013” which should be effectively
implemented on August 1, 2013 (PAPSI 2013). On September Asosiasi Bank Syariah
Indonesia (ASBISINDO) as the representative from syariah banking industry has submitted a
letter to Bank Indonesia to request postponement of implementation PAPSI 2013 up to
1 January 2016. Currently the Bank is still in the process of preparing action plan regarding
implementation of PAPSI 2013.
2. New Accounting Pronouncement
Effective on or after 1 January 2014:
On December 2013, Syariah Accounting Standards Boards of Indonesian Institute of
Accountants has issued PSAK 102 Revision which will be effectively implemented on January
1, 2014 on a prospective catch-up basis. Major change in the PSAK 102 Revision is related to
the accounting treatment for murabahah transaction which in substance categorized as
financing transaction. Under PSAK 102 Revision, murabahah transaction which in substance
is a murabahah financing should follow the accounting treatment of PSAK 55: “Financial
Instruments: Recognition and Measurement”; PSAK 50: “Financial Instruments: Presentation”
and PSAK 60: “Financial Instruments: “Financial Instruments: Disclosure” and other relevant
PSAK. With the issuance of PSAK 102 Revision, starting January 1, 2014 the Bank will
implement the previously issued Technical Bulletin No. 9 “Implementation of Annuity Method in
Murabahah” as indicated in the Basis for Conclusion in PSAK 102 Revision. Currently the
Bank is evaluating this PSAK 102 Revision and has not yet determined the effects on its
financial statements.
Effective on or after 1 January 2015:
SFAS No. 24 (Revised 2013), “Employee Benefits”, adopted from IAS 19, which removes the
corridor mechanism and contingent liability disclosure to simplify clarification and disclosure.
Currently the Bank is evaluating this PSAK Revision and has not yet determined the effects on
its financial statements.
32
Annual Report 2013
370
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
3. CURRENT ACCOUNTS AND PLACEMENTS WITH BANK INDONESIA
2013
2012
Wadiah current accounts
Rupiah
Foreign currencies
2,632,662,466,932
606,066,000,000
2,211,133,768,662
31,321,875,000
Total wadiah current accounts
3,238,728,466,932
2,242,455,643,662
5,400,000,000,000
3,125,000,000,000
418,389,525,016
100,000,000,000
57,922,744,536
-
Total placements with Bank Indonesia
5,918,389,525,016
3,182,922,744,536
Total current accounts and placements
with Bank Indonesia
9,157,117,991,948
5,425,378,388,198
Placements with Bank Indonesia
Bank Indonesia Syariah’s
Deposit Facility
Reverse Repo SBSN
Bank Indonesia
Bank Indonesia Syariah Certificate
In accordance with Bank Indonesia Regulation (PBI) No. 6/21/PBI/2004 dated August 3, 2004 on Minimum
Reserve Requirement in Rupiah and Foreign Currencies for Commercial Bank Conducting Business Based on
Syariah Principles, as amended by PBI No. 8/23/PBI/2006 dated October 5, 2006 and recently by Bank Indonesia
Regulation (PBI) No. 10/23/PBI/2008 dated October 16, 2008, each bank is required to maintain Minimum
Reserve Requirement (MRR) in Rupiah and foreign currencies which is set at 5% and 1% from the third party
funds in Rupiah and foreign currencies.
Percentage MRR (unaudited) in Rupiah currency as of December 31, 2013 and 2012 were 5.22% and
5.06%, respectively. The percentage of MRR (unaudited) in foreign currency as of December 31, 2013
and 2012 were 14.66% and 1.22%, respectively.
The Bank has placed its funds in Bank Indonesia Syariah’s Deposit Facility (FASBIS) and earned
bonus at annual rates at 5.75% in 2013 and ranging from 3.75% to 5.75% per annum in 2012,
respectively, which are recognized at maturity date.
Reverse repo SBSN Bank Indonesia is receivable from SBSN purchased by the Bank from Bank
Indonesia with agreement to resell by the Bank at an agreed priced and period.
The Bank earned bonus from reverse repo SBSN Bank Indonesia at annual rates 4.30% to 6.35% in
2013 and 4.40% to 4.42% in 2012, which are recognized during the terms of the reverse repo
transaction. Term of period Reverse Repo SBSN Bank Indonesia as of December 31, 2013 were 28
days.
33
PT Bank Syariah Mandiri
371
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
4. CURRENT ACCOUNTS WITH OTHER BANKS
2013
Third parties
Syariah Banking
Riyal Saudi Arabia
Al Rajhi Bank
United Stated Dollar
Al Rajhi Bank
2012
577,996,681
457,719,745
51,998,637
41,178,050
629,995,318
498,897,795
11,122,272,519
3,065,711,056
132,797,250,280
207,227,963,212
28,047,203,494
88,703,869,657
7,518,220,739
3,491,695
69,215,490,125
46,603,039,006
25,478,722,454
7,712,770,203
1,575,658,198
-
5,419,240,008
6,018,682,868
2,659,825,321
2,498,381,123
6,833,788,145
10,248,821,012
3,046,431,710
1,809,408,540
1,328,779,581
1,002,565,917
12,318,351,362
29,823,037
155,305,983
-
517,743,240,555
164,697,826,690
518,373,235,873
165,196,724,485
31,070,441,865
5,924,789,658
94,230,402,143
114,286,723
100,261,124
2,377,169
1,551,219
1,060,065
1,600,000
80,401,833,222
116,367,311
100,000,000
4,648,479
2,489,376
2,243,240
-
35,516,174,920
14,124,536,020
8,059,244,300
5,415,827,923
Total related parties
169,097,399,528
106,092,735,229
Total current account with other banks
Allowance for possible losses
687,470,635,401
(6,932,161,458)
271,289,459,714
(2,728,200,198)
Net
680,538,473,943
268,561,259,516
Non-Syariah Bank
Rupiah
PT Bank Central Asia Tbk,
United States Dollar
Wells Fargo Bank N,A
(formerly Wachovia Bank N,A)
Citibank N,A
Deutsche Bank AG
PT Bank Central Asia Tbk.
Commerzbank AG
HSBC Bank
Singapore Dollar
United Overseas Bank Limited
DBS Bank Singapore Ltd
Euro
Commerz Bank AG
Deutsche Bank AG
Australian Dollar
Australia and New Zealand Bank
Japanese Yen
Sumitomo Mitsui Bank
Hongkong Dollar
HSBC Bank
Total third parties
Related parties (Note 38)
Syariah Banking
Rupiah
PT Bank BNI Syariah
Non-Syariah Banking
Rupiah
PT Bank Mandiri (Persero) Tbk.
PT Bank Negara Indonesia (Persero) Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk.
PT Bank BPD Sulawesi Tengah
PT Bank Aceh
PT Bank Jawa Tengah
PT Bank BPD Sumsel Babel
United States Dollar
PT Bank Mandiri (Persero) Tbk.
Singapore Dollar
PT Bank Mandiri (Persero) Tbk.
34
Annual Report 2013
372
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
4. CURRENT ACCOUNTS WITH OTHER BANKS (continued)
The movements of the allowance for possible losses for current accounts with other banks are as
follows:
2013
Rupiah
Balance at beginning of year
Provision during the year
Exchange rate differences
Balance at end of year
Foreign Currency
Total
911,486,424
512,411,208
-
1,816,713,774
3,214,161,971
477,388,081
2,728,200,198
3,726,573,179
477,388,081
1,423,897,632
5,508,263,826
6,932,161,458
2012
Rupiah
Balance at beginning of year
Reversal during the year
Exchange rate differences
Foreign Currency
Total
1,807,554,537
(896,068,113)
-
4,343,408,318
(2,801,094,599)
274,400,055
6,150,962,855
(3,697,162,712)
274,400,055
911,486,424
1,816,713,774
2,728,200,198
Balance at end of year
Based on management review and evaluation, all current accounts with other banks as of
December 31, 2013 and 2012 were classified as current. Management believes that the allowance for
possible losses is adequate to cover possible losses from uncollectible current accounts with other
banks and in compliance with Bank Indonesia regulation.
All income received from current accounts with non-syariah banks are recorded as qardhul hasan
funds (Note 14).
5. PLACEMENTS WITH OTHER BANKS
2013
Third parties
Rupiah
Interbank Mudharabah Investment
Certificate (SIMA)
PT Bank Danamon Indonesia Tbk. Syariah Business Unit
PT Bank Victoria Syariah
Total third parties
35
PT Bank Syariah Mandiri
373
Annual Report 2013
2012
-
50,000,000,000
15,000,000,000
-
65,000,000,000
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
5. PLACEMENTS WITH OTHER BANKS (continued)
2013
Related parties (Note 38)
Rupiah
Interbank Mudharabah Investment
Certificate (SIMA)
PT Bank BRISyariah
2012
-
50,000,000,000
-
30,000,000,000
50,000,000,000
25,000,000,000
50,000,000,000
105,000,000,000
Total placements with other banks
Allowance for possible losses
50,000,000,000
(500,000,000)
170,000,000,000
(1,700,000,000)
Net
49,500,000,000
168,300,000,000
Time Deposits
PT Bank Tabungan Negara (Persero) Tbk. Syariah Business Unit
PT BPD Jawa Tengah Syariah Business Unit
Total related parties
Profit sharing of time deposits in Rupiah were ranging from 5.00% to 7.10% per annum in 2013 and
ranging from 4.75% to 5.00% per annum in 2012.
Profit sharing of SIMA in Rupiah were ranging from 4.25% to 6.80% per annum in 2013 and ranging
from 3.90% to 4.60% per annum in 2012. Profit sharing of SIMA in foreign currency were ranging from
0.30% to 1.75% per annum in 2013 and 0.70% to 4.27% per annum in 2012.
Placements with other banks based on remaining term until maturity before allowance for possible
losses are as follows:
2013
2012
Less than 1 month
50,000,000,000
170,000,000,000
Total
50,000,000,000
170,000,000,000
Placements with other banks based on tenor before allowance for possible losses are as follows:
2013
2012
1 - 3 months
More than 3 months
50,000,000,000
-
145,000,000,000
25,000,000,000
Total
50,000,000,000
170,000,000,000
The movements of the allowance for possible losses for placements with other banks are as follows:
2013
Rupiah
Balance at beginning of year
Reversal during the year
Balance at end of year
Foreign Currency
Total
1,700,000,000
-
1,700,000,000
(1,200,000,000)
-
(1,200,000,000)
500,000,000
-
500,000,000
36
Annual Report 2013
374
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
5. PLACEMENTS WITH OTHER BANKS (continued)
The movements of the allowance for possible losses for placements with other banks are as follows:
(continued)
2012
Rupiah
Foreign Currency
Balance at beginning of year
Provision/(reversal) during the year
1,000,000,000
700,000,000
Balance at end of year
1,700,000,000
Total
816,075,000
(816,075,000)
1,816,075,000
(116,075,000)
-
1,700,000,000
Based on management review and evaluation, all placements with other banks as of December 31,
2013 and 2012 were classified as current. Management believes that the allowance for possible losses
on placements with other banks is sufficient to cover possible losses from uncollectible placements
with other banks and in compliance with Bank Indonesia regulation.
6. INVESTMENT IN MARKETABLE SECURITIES
a. By Type, Currency and Collectibility
2013
Nominal
amount
Unamortized
amount of the
difference
between
acquisition cost
and nominal
amount
Unrealized
loss on
available for
sale securities
Carrying amount
Fair value
Current
Loss
Total
Rupiah
At cost
Corporate sukuk
Syariah government
securities (SBSN)
Export bills
728,000,000,000
2,840,901,128
-
593,840,729,625
137,000,171,503
730,840,901,128
715,000,000,000
11,777,986,346
(2,415,391,074 )
-
-
712,584,608,926
11,777,986,346
-
712,584,608,926
11,777,986,346
Total held-to-maturity
marketable
securities
1,454,777,986,346
425,510,054
-
1,318,203,324,897
137,000,171,503
1,455,203,496,400
Syariah mutual funds
27,000,000,000
-
(594,706,051 )
26,405,293,949
-
26,405,293,949
Total available for sale
27,000,000,000
-
(594,706,051 )
26,405,293,949
-
26,405,293,949
Available-for-sale
At fair value
Retail sukuk
36,130,000,000
(768,944,850 )
-
35,361,055,150
-
35,361,055,150
36,130,000,000
(768,944,850 )
-
35,361,055,150
-
35,361,055,150
Total investment in
marketable
securities - Rupiah 1,517,907,986,346
(343,434,796 )
1,379,969,673,996
137,000,171,503
1,516,969,845,499
(594,706,051 )
Allowance for possible
losses
(143,320,241,814 )
Net
1,373,649,603,685
37
PT Bank Syariah Mandiri
375
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
6. INVESTMENT IN MARKETABLE SECURITIES (continued)
a. By Type, Currency and Collectibility (continued)
2012
Unamortized
amount of the
difference
between
acquisition cost
and nominal
amount
Nominal
amount
Unrealized
loss on
available for
sale securities
Carrying amount
Fair value
Current
Loss
Total
Rupiah
At cost
Corporate sukuk
779,000,000,000
Syariah government
securities (SBSN) 1,055,000,000,000
Export bills
23,168,935,382
Total held-to-maturity
marketable
securities
4,728,161,215
-
646,727,989,712
137,000,171,503
783,728,161,215
(4,679,020,549 )
-
-
1,050,320,979,451
23,168,935,382
-
1,050,320,979,451
23,168,935,382
1,857,168,935,382
49,140,666
-
1,720,217,904,545
137,000,171,503
1,857,218,076,048
Syariah mutual funds
27,000,000,000
-
351,723,031
27,351,723,031
-
27,351,723,031
Total available for sale
27,000,000,000
-
351,723,031
27,351,723,031
-
27,351,723,031
10,979,000,000
69,605,000
-
11,048,605,000
-
11,048,605,000
10,979,000,000
69,605,000
-
11,048,605,000
-
11,048,605,000
118,745,666
351,723,031
1,758,618,232,576
137,000,171,503
1,895,618,404,079
Available-for-sale
At fair value
Retail sukuk
Total investment in
marketable
securities - Rupiah 1,895,147,935,382
Allowance for possible losses
(143,972,657,984 )
Net
1,751,645,746,095
b. By Maturity
Following are classification based on remaining term until maturity:
2013
Less than 1 year
1 - 5 years
More than 5 years
Total
At cost
Available for sale
At fair value
264,785,439,937
26,405,293,949
11,702,687,670
1,073,417,884,960
23,658,367,480
117,000,171,503
-
1,455,203,496,400
26,405,293,949
35,361,055,150
Total investment in marketable securities
Allowance for possible losses
302,893,421,556
1,097,076,252,440
117,000,171,503
1,516,969,845,499
(143,320,241,814 )
Net
1,373,649,603,685
2012
Less than 1 year
1 - 5 years
More than 5 years
Total
At cost
Available for sale
At fair value
650,336,233,479
27,351,723,031
11,048,605,000
1,126,881,842,569
-
80,000,000,000
-
1,857,218,076,048
27,351,723,031
11,048,605,000
Total investment in marketable securities
Allowance for possible losses
688,736,561,510
1,126,881,842,569
80,000,000,000
1,895,618,404,079
(143,972,657,984)
Net
1,751,645,746,095
38
Annual Report 2013
376
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
6. INVESTMENT IN MARKETABLE SECURITIES (continued)
c. By Issuer
2013
Rating Company
Rating
Total (Rp)
At cost
Rupiah
Corporate sukuk
PT Indosat Tbk.
PT Perusahaan Listrik Negara
(Persero)
PT Berlian Laju Tanker Tbk. *)
PT Salim Ivomas Pratama Tbk.
- 2009
PT Titan Petrokimia Nusantara – 2010
PT Matahari Putra Prima Tbk.
PT Bank Pembangunan Daerah
Sulawesi Selatan – 2011
PT Arpeni Pratama Line Ocean
Syariah government securities
(SBSN) *)
SBSN ijarah RI 2008 serie IFR0001
SBSN ijarah RI 2009 serie IFR0003
PT Pefindo
idAA+
108,007,453,591
PT Pefindo
-
idAA+
-
316,581,308,411
87,000,171,503
PT Pefindo
Fitch
PT Pefindo
idAA
A+(idn)
idA+
60,000,000,000
51,216,346,154
45,000,000,000
PT Pefindo
-
idA
-
13,035,621,469
50,000,000,000
-
-
250,000,000,000
462,584,608,926
-
-
6,355,853,062
1,718,427,300
1,233,916,560
872,000,000
683,514,761
544,674,663
369,600,000
Export bills *)
PT Biduk Mas
PT KAY PI Transmalindo
CV Karunia Perdana
PT Dua Sekawan Agro Lestari
PT Indo Dayasurya Persada
PT Telvindo Jaya
PT Makmur Karunia Abadi
Total at cost
1,455,203,496,400
Available for sale
Rupiah
Mutual funds *)
I-Hajj Syaria Fund managed by
PT Insight Investment
MNC Dana Syariah managed by
PT Bhakti Asset Management
Mega Dana Syariah managed by
PT Mega Capital Indonesia
-
-
11,458,488,548
-
-
10,086,231,337
-
-
4,860,574,064
Total available for sale
26,405,293,949
At fair value
Rupiah
Retail sukuk *)
SR-003
SR-004
SR-005
-
Total at fair value
11,702,687,670
18,703,894,320
4,954,473,160
35,361,055,150
39
PT Bank Syariah Mandiri
-
377
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
6. INVESTMENT IN MARKETABLE SECURITIES (continued)
c. By Issuer (continued)
2013
Rating Company
Total investment in marketable securities
Allowance for possible losses
Rating
-
Total (Rp)
-
Net
1,516,969,845,499
(143,320,241,814)
1,373,649,603,685
*) Non-rated
2012
Rating Company
Rating
Total (Rp)
At cost
Rupiah
Corporate sukuk
PT Indosat Tbk.
PT Perusahaan Listrik Negara
(Persero)
PT Berlian Laju Tangker Tbk.
PT Mayora Indah Tbk.
PT Salim Ivomas Pratama Tbk.
- 2009
PT Aneka Gas Industri
PT Titan Petrokimia Nusantara - 2010
PT Matahari Putra Prima Tbk.
PT Metrodata Electronics Indonesia
PT Bank Muamalat Indonesia Tbk.
PT Bank Pembangunan Daerah
Sulawesi Selatan - 2011
PT Arpeni Pratama Line Ocean
PT Pefindo
idAA+
168,039,594,463
PT Pefindo
PT Pefindo
PT Pefindo
idAA+
idD
idAA-
117,590,654,206
87,000,171,503
75,000,000,000
PT Pefindo
Fitch
Fitch
PT Pefindo
Fitch
Fitch
idAA
A-(idn)
A+(idn)
idA+
BBB+(idn)
BBB(idn)
60,000,000,000
53,001,757,231
52,045,673,077
45,000,000,000
33,000,000,000
30,000,000,000
PT Pefindo
-
idA
-
13,050,310,735
50,000,000,000
Syariah government securities
(SBSN) *)
SBSN ijarah RI 2008 serie IFR0001
SBSN ijarah RI 2009 serie IFR0003
SBSN ijarah RI 2009 serie IFR0004
-
-
250,000,000,000
461,169,492,166
339,151,487,285
Export bills *)
PT Sadajiwa
PT Sinar Raya Trading
PT Beton Kaltim Redymix
PT Waltret Services
PT KAY PI Transmalindo
PT Arminta
PT Enerkom Utama
PT Duta Cipta Pakarperkasa
PT Makmur Karunia Abadi
PT Armada Mix
CV Bangun Citra Inti
-
-
6,105,524,900
4,480,717,336
3,718,759,550
2,566,186,685
1,331,050,000
1,157,494,170
1,085,614,772
1,018,400,000
909,450,000
519,155,000
276,582,969
Total at cost
1,857,218,076,048
40
Annual Report 2013
378
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
6. INVESTMENT IN MARKETABLE SECURITIES (continued)
c. By Issuer (continued)
2012
Rating Company
Rating
Total (Rp)
Available for sale
Rupiah
Mutual funds *)
I-Hajj Syaria Fund managed by
PT Bank CIMB Niaga Tbk
MNC Dana Syariah managed by
PT Bhakti Asset Management
Mega Dana Syariah managed by
PT Mega Capital Indonesia
-
-
12,144,460,236
-
-
10,002,077,240
-
-
5,205,185,555
Total available for sale
27,351,723,031
At fair value
Rupiah
Retail sukuk *)
SR-002
SR-003
SR-004
-
-
Total at fair value
785,000,000
3,092,875,000
7,170,730,000
11,048,605,000
Total investment in marketable securities
Allowance for possible losses
-
-
Net
1,895,618,404,079
(143,972,657,984)
1,751,645,746,095
*) Non-rated
d. Related parties
2013
2012
Third parties
At cost
Available-for-sale
304,994,504,003
26,405,293,949
430,389,967,575
27,351,723,031
Total third parties
331,399,797,952
457,741,690,606
Related parties (Note 38)
At cost
At fair value
1,150,208,992,397
35,361,055,150
1,426,828,108,473
11,048,605,000
Total related parties
1,185,570,047,547
1,437,876,713,473
Total investment in marketable securities
1,516,969,845,499
1,895,618,404,079
Export bills have a remaining term to maturity less than 1 (one) month.
41
PT Bank Syariah Mandiri
379
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
6. INVESTMENT IN MARKETABLE SECURITIES (continued)
Movements in allowance for possible losses on investments in marketable securities are as follows:
2013
Rupiah
Foreign Currency
Total
Balance at beginning of year
Reversal during the year
143,972,657,984
(652,416,170)
-
143,972,657,984
(652,416,170)
Balance at end of year
143,320,241,814
-
143,320,241,814
2012
Rupiah
Balance at beginning of year
Provision during the year
Balance at end of year
Foreign Currency
Total
73,044,263,739
70,928,394,245
-
73,044,263,739
70,928,394,245
143,972,657,984
-
143,972,657,984
Management believes that the allowance for possible losses on investment in marketable securities is
adequate to cover possible losses from uncollectible investment in marketable securities and in
compliance with Bank Indonesia regulation.
Effective January 1, 2012, the Bank implemented SFAS No. 110 and reclassified marketable securities
- Available for sale to Measured at cost amounting to Rp129,540,000,000 based on transition rules of
the SFAS No. 110. Based on this transition rules, the Bank also has reclassified unrealized loss from
available for sale amounting to Rp6,540,000,000 into retained earnings.
7. RECEIVABLES
a. By Type, Currency, and Collectibility
2013
Current
Rupiah
Murabahah
Istishna
Ijarah
Foreign currency
Murabahah
Special Mention
Substandard
Doubtful
Loss
Total
27,773,853,549,633
42,030,670,946
66,967,963,248
1,467,966,984,060
988,259,880
641,776,609
483,837,895,596
6,369,000,000
-
199,348,194,664
-
800,046,238,678
8,565,000,000
-
30,725,052,862,631
57,952,930,826
67,609,739,857
27,882,852,183,827
1,469,597,020,549
490,206,895,596
199,348,194,664
808,611,238,678
30,850,615,533,314
2,440,644,660,336
41,678,224,164
-
-
-
2,482,322,884,500
2,440,644,660,336
41,678,224,164
-
-
-
2,482,322,884,500
Total receivables
30,323,496,844,163
Allowance for possible losses
(297,734,588,265 )
1,511,275,244,713
(45,087,177,506 )
490,206,895,596
(47,627,411,237 )
199,348,194,664
(145,089,614,685 )
808,611,238,678
(435,145,152,779 )
33,332,938,417,814
(970,683,944,472)
Net
1,466,188,067,207
442,579,484,359
54,258,579,979
373,466,085,899
32,362,254,473,342
30,025,762,255,898
2012
Current
Rupiah
Murabahah
Istishna
Ijarah
Foreign currency
Murabahah
Special Mention
Substandard
Doubtful
Loss
Total
23,600,133,777,695
42,852,077,778
134,993,258,605
1,195,041,578,629
25,130,466,436
1,314,438,081
381,753,515,118
-
135,529,770,910
-
279,323,870,444
-
25,591,782,512,796
67,982,544,214
136,307,696,686
23,777,979,114,078
1,221,486,483,146
381,753,515,118
135,529,770,910
279,323,870,444
25,796,072,753,696
1,957,481,966,918
-
-
-
-
1,957,481,966,918
1,957,481,966,918
-
-
-
-
1,957,481,966,918
Total receivables
25,735,461,080,996
Allowance for possible losses
(251,822,526,274 )
1,221,486,483,146
(92,314,915,176 )
381,753,515,118
(117,752,740,542 )
135,529,770,910
(84,466,130,208 )
279,323,870,444
(250,007,997,336 )
27,753,554,720,614
(796,364,309,536)
Net
1,129,171,567,970
264,000,774,576
51,063,640,702
29,315,873,108
26,957,190,411,078
25,483,638,554,722
42
Annual Report 2013
380
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
7. RECEIVABLES (continued)
b. By Economic Sector, Currency, and Collectibility
2013
Current
Rupiah
Trading
Business services
Manufacturing
Construction
Agriculture
Transportation and
communication
Social services
Electricity, gas and water
Mining
Others
Foreign currency
Trading
Business services
Construction
Transportation and
communication
Electricity, gas, and water
Mining
’
Special Mention
Substandard
Doubtful
Loss
Total
2,933,531,156,266
3,147,649,250,339
1,477,694,999,361
1,593,042,892,672
1,181,850,237,398
222,792,633,883
247,648,536,857
56,732,946,676
42,962,925,676
94,740,650,734
63,803,940,192
25,102,230,514
72,597,728,894
3,856,515,228
70,941,846,873
31,174,179,963
22,563,173,609
2,526,591,656
1,034,587,891
21,982,170,438
121,002,834,158
69,899,659,980
132,717,292,228
72,877,206,183
96,547,339,384
3,372,304,744,462
3,512,862,851,299
1,742,269,558,815
1,713,774,127,650
1,466,062,244,827
1,003,230,669,525
608,745,129,382
244,763,373,020
676,674,106,584
15,015,670,369,280
206,426,434,413
44,930,872,279
15,837,883,716
314,454,192
537,209,682,123
56,981,723,115
57,530,058,248
554,218,186
360,177,891
138,478,456,455
1,857,943,218
836,540,817
227,035,741
26,380,933,104
90,765,038,227
2,289,608,994
3,314,102,365
5,295,146,769
9,473,228,915
295,194,819,702
1,270,786,379,265
715,356,703,091
266,677,657,432
713,202,900,686
16,077,318,365,787
27,882,852,183,827
1,469,597,020,549
490,206,895,596
199,348,194,664
808,611,238,678
30,850,615,533,314
379,045,514,192
567,580,875,812
453,292,683,912
19,268,341,013
-
-
-
-
398,313,855,205
567,580,875,812
453,292,683,912
526,840,366,457
143,558,624,827
370,326,595,136
22,409,883,151
-
-
-
-
549,250,249,608
143,558,624,827
370,326,595,136
2,440,644,660,336
41,678,224,164
-
-
-
2,482,322,884,500
Total receivables
30,323,496,844,163
Allowance for possible losses
(297,734,588,265 )
1,511,275,244,713
(45,087,177,506 )
490,206,895,596
(47,627,411,237 )
199,348,194,664
(145,089,614,685 )
808,611,238,678
(435,145,152,779 )
33,332,938,417,814
(970,683,944,472 )
Net
1,466,188,067,207
442,579,484,359
54,258,579,979
373,466,085,899
32,362,254,473,342
30,025,762,255,898
2012
Current
Rupiah
Trading
Business services
Manufacturing
Construction
Agriculture
Transportation and
communication
Social services
Electricity, gas and water
Mining
Others
Foreign currency
Trading
Business services
Construction
Transportation and
communication
Electricity, gas, and water
Mining
Special Mention
Substandard
Doubtful
Loss
Total
2,520,007,307,722
2,400,609,806,525
1,538,499,965,409
1,263,401,160,669
1,223,838,861,898
203,768,782,857
126,476,602,192
33,425,080,265
99,723,478,163
164,190,438,598
51,338,940,234
45,473,206,385
4,169,587,144
123,556,434,193
32,117,257,461
65,737,682,703
12,411,579,901
1,633,227,471
577,945,503
8,348,964,504
46,697,948,010
34,014,199,391
4,889,821,593
23,594,642,567
35,032,310,715
2,887,550,661,526
2,618,985,394,394
1,582,617,681,882
1,510,853,661,095
1,463,527,833,176
969,355,277,715
580,595,697,631
465,268,682,509
131,515,089,786
12,684,887,264,214
70,891,625,561
73,557,975,995
223,222,095
10,463,331,443
438,765,945,977
1,794,586,769
2,679,473,431
4,063,050,411
70,713,801
116,490,265,289
862,059,984
805,346,982
2,070,151,762
43,082,812,100
31,513,112,736
3,030,120,517
9,411,866,785
318,036,351
90,821,811,779
1,074,416,662,765
660,668,614,556
478,966,821,800
144,437,323,143
13,374,048,099,359
23,777,979,114,078
1,221,486,483,146
381,753,515,118
135,529,770,910
279,323,870,444
25,796,072,753,696
435,077,170,350
169,001,542,928
427,885,728,277
-
-
-
-
435,077,170,350
169,001,542,928
427,885,728,277
521,159,388,390
266,818,617,955
137,539,519,018
-
-
-
-
521,159,388,390
266,818,617,955
137,539,519,018
1,957,481,966,918
-
-
-
-
1,957,481,966,918
Total receivables
25,735,461,080,996
Allowance for possible losses
(251,822,526,274 )
1,221,486,483,146
(92,314,915,176 )
381,753,515,118
(117,752,740,542 )
135,529,770,910
(84,466,130,208 )
279,323,870,444
(250,007,997,336 )
27,753,554,720,614
(796,364,309,536 )
Net
1,129,171,567,970
264,000,774,576
51,063,640,702
29,315,873,108
26,957,190,411,078
25,483,638,554,722
43
PT Bank Syariah Mandiri
381
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
7. RECEIVABLES (continued)
c. By Period (based on agreement)
2013
2012
2,070,122,437,684
1,302,245,117,842
11,471,684,006,290
16,006,563,971,498
1,861,639,763,173
1,199,877,240,040
13,134,974,623,535
9,599,581,126,948
30,850,615,533,314
25,796,072,753,696
56,759,076,608
46,198,699,713
1,139,229,450,528
1,240,135,657,651
31,155,501,103
145,317,895,635
1,326,831,761,853
454,176,808,327
2,482,322,884,500
1,957,481,966,918
Total receivables
Allowance for possible losses
33,332,938,417,814
(970,683,944,472)
27,753,554,720,614
(796,364,309,536)
Net
32,362,254,473,342
26,957,190,411,078
2013
2012
3,822,610,335,793
3,649,307,354,183
12,041,949,021,789
11,336,748,821,549
3,271,730,370,856
2,617,097,895,957
11,962,844,191,972
7,944,400,294,911
30,850,615,533,314
25,796,072,753,696
213,831,510,928
365,999,699,415
1,365,478,279,837
537,013,394,320
280,299,714,865
443,747,911,329
1,034,894,682,278
198,539,658,446
2,482,322,884,500
1,957,481,966,918
Total receivables
Allowance for possible losses
33,332,938,417,814
(970,683,944,472)
27,753,554,720,614
(796,364,309,536)
Net
32,362,254,473,342
26,957,190,411,078
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
Foreign currency
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
d. Based on Remaining Period Until Maturity
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
Foreign currency
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
44
Annual Report 2013
382
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
7. RECEIVABLES (continued)
e. Related parties
2013
2012
Third parties
Murabahah
Istishna
Ijarah
33,085,804,271,288
57,952,930,826
67,609,739,857
27,342,232,464,859
67,982,544,214
136,307,696,686
Total third parties
33,211,366,941,971
27,546,522,705,759
121,571,475,843
207,032,014,855
33,332,938,417,814
27,753,554,720,614
Related parties (Note 38)
Murabahah
Total receivables
f.
Other Significant Information
(i) Receivables are generally secured by registered mortgages, powers of attorney to mortgage
or sell, time deposits, and other guarantees accepted by the Bank. Total mudharabah deposits
pledged as collateral are disclosed in Note 23.
(ii) Effective yield of margin receivable for Rupiah ranging from 5.86% to 29.42% per annum in
2013 and ranging from 2.74% to 15.66% per annum in 2012, and for foreign currency ranging
from 1.45% to 11.81% per annum in 2013 and ranging from 5.31% to 8.41% per annum in
2012.
(iii) Restructured receivables as of December 31, 2013 and 2012 were Rp2,298,201,830,384 and
Rp2,064,583,302,269, respectively. Receivables were being restructured by providing period
extension, rescheduling and additional receivable plafond for debtors.
(iv) Ratio of non-performing receivable gross and net as of December 31, 2013 were 4.49% and
2.61% (2012: 2.87% and 1.24%).
(v) Movements in allowance for possible losses on receivables are as follows:
2013
Rupiah
Balance at beginning of year
Provision during the year
Recovery of receivables previously
written-off
Write-back of receivable previously
written-off
Written-off during the year
Exchange rate differences
Balance at end of year
Foreign Currency
776,877,214,334
297,558,605,737
19,487,095,202
(1,245,853,134)
796,364,309,536
296,312,752,603
134,444,863,415
-
(264,687,096,826)
-
8,249,115,744
(264,687,096,826)
8,249,115,744
944,193,586,660
26,490,357,812
970,683,944,472
45
PT Bank Syariah Mandiri
Total
383
Annual Report 2013
134,444,863,415
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
7. RECEIVABLES (continued)
f.
Other Significant Information (continued)
(v) Movements in allowance for possible losses on receivables are as follows (continued):
2012
Rupiah
Balance at beginning of year
Provision during the year
Recovery of receivables previously
written-off
Write-back of receivable previously
written-off
Written-off during the year
Exchange rate differences
Balance at end of year
Foreign Currency
Total
525,835,318,525
219,455,097,870
10,600,472,836
6,696,130,965
536,435,791,361
226,151,228,835
106,224,737,407
-
106,224,737,407
31,914,370,563
(106,552,310,036)
-
2,190,491,406
31,914,370,563
(106,552,310,036)
2,190,491,406
776,877,214,329
19,487,095,207
796,364,309,536
Management believes that the allowance for possible losses on receivables is adequate to
cover possible losses from uncollectible receivables and in compliance with Bank Indonesia
regulation.
(vi) Accrued margin murabahah income as of December
were Rp211,075,579,212 and Rp194,667,901,692, respectively.
31,
2013
and
2012
8. FUNDS OF QARDH
a. Based on Type, Currency, and Collectibility
2013
Current
Rupiah
Qardh
Rahn
Foreign currency
Qardh
Total funds of qardh
Allowance for possible
losses
Net
Special Mention
Substandard
Doubtful
Loss
Total
4,327,476,748,400
1,205,771,940,008
39,509,000,000
18,140,118,429
4,802,631,200
129,629,615
2,462,000,000
656,742,890
11,891,200,000
170,291,301
4,386,141,579,600
1,224,868,722,243
5,533,248,688,408
57,649,118,429
4,932,260,815
3,118,742,890
12,061,491,301
5,611,010,301,843
2,044,560,000
-
-
-
-
2,044,560,000
2,044,560,000
5,535,293,248,408
57,649,118,429
4,932,260,815
3,118,742,890
12,061,491,301
2,044,560,000
5,613,054,861,843
(1,231,000,000 )
(11,098,700,000 )
(43,295,025,084 )
5,491,998,223,324
(1,974,325,000 )
55,674,793,429
(717,019,680 )
4,215,241,135
1,887,742,890
962,791,301
(58,316,069,764 )
5,554,738,792,079
2012
Current
Rupiah
Qardh
Rahn
Special Mention
Substandard
Doubtful
Loss
Total
5,106,938,751,083
1,044,504,084,236
26,629,563,331
2,441,260,841
2,961,500,000
72,411,076
1,717,500,000
3,000,000
11,272,766,669
-
5,149,520,081,083
1,047,020,756,153
6,151,442,835,319
29,070,824,172
3,033,911,076
1,720,500,000
11,272,766,669
6,196,540,837,236
1,992,718,568
-
-
-
727,069,673
2,719,788,241
1,992,718,568
-
-
-
727,069,673
2,719,788,241
Total funds of qardh
Allowance for possible
losses
6,153,435,553,887
29,070,824,172
3,033,911,076
1,720,500,000
11,999,836,342
6,199,260,625,477
Net
6,102,390,797,191
Foreign currency
Qardh
(51,044,756,696 )
(1,331,478,167 )
27,739,346,005
(444,225,000 )
2,589,686,076
(858,750,000 )
861,750,000
(11,934,562,037 )
65,274,305
( 65,613,771,900 )
6,133,646,853,577
46
Annual Report 2013
384
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
8. FUNDS OF QARDH (continued)
b. Based on Economic Sector, Currency, and Collectibility
2013
Current
Rupiah
Trading
Business services
Social services
Manufacturing
Mining
Agriculture
Others (including hajj
bridging funds
and rahn)
Foreign currency
Others
Special Mention
Substandard
Doubtful
Loss
Total
40,980,000
178,500,000
202,500,000
45,000,000
180,000,000
-
225,131,200
-
17,500,000
-
40,980,000
178,500,000
202,500,000
17,500,000
45,000,000
405,131,200
5,532,601,708,408
57,649,118,429
4,707,129,615
3,118,742,890
12,043,991,301
5,610,120,690,643
5,533,248,688,408
57,649,118,429
4,932,260,815
3,118,742,890
12,061,491,301
5,611,010,301,843
2,044,560,000
-
-
-
-
2,044,560,000
2,044,560,000
-
-
-
-
2,044,560,000
Total funds of qardh
Allowances for possible
losses
5,535,293,248,408
57,649,118,429
4,932,260,815
3,118,742,890
12,061,491,301
5,613,054,861,843
(1,231,000,000 )
(11,098,700,000 )
Net
5,491,998,223,324
(43,295,025,084 )
(1,974,325,000 )
55,674,793,429
(717,019,680 )
4,215,241,135
1,887,742,890
962,791,301
(58,316,069,764 )
5,554,738,792,079
2012
Current
Rupiah
Trading
Business services
Others (including hajj
bridging funds and
rahn)
Foreign currency
Business services
Others
Special Mention
Substandard
Doubtful
Loss
Total
1,150,000,000
248,000,000
-
-
-
-
1,150,000,000
248,000,000
6,150,044,835,319
29,070,824,172
3,033,911,076
1,720,500,000
11,272,766,669
6,195,142,837,236
6,151,442,835,319
29,070,824,172
3,033,911,076
1,720,500,000
11,272,766,669
6,196,540,837,236
1,769,826,998
222,891,570
-
-
-
727,069,673
1,769,826,998
949,961,243
1,992,718,568
-
-
-
727,069,673
2,719,788,241
Total funds of qardh
Allowances for possible
losses
6,153,435,553,887
29,070,824,172
3,033,911,076
1,720,500,000
11,999,836,342
6,199,260,625,477
Net
6,102,390,797,191
(51,044,756,696 )
(1,331,478,167 )
27,739,346,005
(444,225,000 )
2,589,686,076
c. Financing Period (based on agreements)
(858,750,000 )
(11,934,562,037 )
861,750,000
2013
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
Foreign currency
Less than 1 year
1 - 2 years
More than 2 - 5 years
65,274,305
(65,613,771,900 )
6,133,646,853,577
2012
2,257,767,300,656
713,147,801,187
2,629,342,200,000
10,753,000,000
2,129,538,956,223
1,117,513,052,756
2,944,574,828,257
4,914,000,000
5,611,010,301,843
6,196,540,837,236
2,044,560,000
1,769,826,998
949,961,243
-
Total funds of qardh
Allowance for possible losses
2,044,560,000
5,613,054,861,843
(58,316,069,764)
2,719,788,241
6,199,260,625,477
(65,613,771,900)
Net
5,554,738,792,079
6,133,646,853,577
47
PT Bank Syariah Mandiri
385
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
8. FUNDS OF QARDH (continued)
d. Remaining Period to Maturity
2013
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
Foreign currency
Less than 1 year
1 - 2 years
More than 2 - 5 years
2012
3,896,603,837,843
1,213,620,064,000
500,786,400,000
-
3,498,212,343,143
725,427,000,000
1,972,523,494,093
378,000,000
5,611,010,301,843
6,196,540,837,236
2,044,560,000
2,719,788,241
-
2,044,560,000
2,719,788,241
Total funds of qardh
Allowance for possible losses
5,613,054,861,843
(58,316,069,764)
6,199,260,625,477
(65,613,771,900)
Net
5,554,738,792,079
6,133,646,853,577
e. Other Significant Information
(i) The ratios of non-performing funds of qardh gross and net as of December 31, 2013 are
0.36% and 0.13% (2012: 0.27% and 0.06%).
(ii) Qardh receivables are generally secured by registered mortgages, powers of attorney to
mortgage or sell, time deposits, and other guarantees accepted by the Bank. Total
mudharabah deposits pledged as collateral are disclosed in Note 23.
(iii) Summary of changes in allowance for possible losses funds of qardh are as follows:
2013
Rupiah
Foreign Currency
Total
Balance at beginning of year
Reversal during the year
Written-off during the year
Exchange rate differences
64,866,775,042
(4,656,540,800)
(1,914,610,078)
-
746,996,858
(922,843,818)
196,292,560
65,613,771,900
(5,579,384,618)
(1,914,610,078)
196,292,560
Balance at end of year
58,295,624,164
20,445,600
58,316,069,764
2012
Rupiah
Foreign Currency
Total
Balance at beginning of year
Provision during the year
Exchange rate differences
40,960,503,341
23,906,271,701
-
684,067,886
19,927,186
43,001,786
41,644,571,227
23,926,198,887
43,001,786
Balance at end of year
64,866,775,042
746,996,858
65,613,771,900
Management believes that the allowance for possible losses is adequate to cover possible losses
from uncollectible funds of qardh and in compliance with Bank Indonesia regulation.
48
Annual Report 2013
386
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
9. MUDHARABAH FINANCING
a. Based on Economic Sector, Currency, and Collectibility
2013
Current
Rupiah
Business services
Social services
Agriculture
Trading
Manufacturing
Transportation and
communication
Construction
Electricity, gas and water
Mining
Others
Total mudharabah
financing
Allowance for possible
losses
Net
Special Mention
Substandard
Doubtful
Loss
Total
3,280,777,412,754
125,171,023,289
44,719,612,146
18,724,445,814
2,637,922,480
75,396,571,516
16,356,539,645
30,227,159
-
14,725,726,812
63,093,014
-
60,420,480,202
-
137,173,620,200
859,508,356
301,991,690
-
3,568,493,811,484
142,450,164,304
44,719,612,146
19,056,664,663
2,637,922,480
3,829,767,724
5,103,883,837
538,574,561
456,951,242
117,140,559,671
4,336,092,408
-
-
-
3,829,767,724
5,103,883,837
538,574,561
456,951,242
121,476,652,079
3,599,100,153,518
96,119,430,728
14,788,819,826
60,420,480,202
138,335,120,246
3,908,764,004,520
(4,804,460,178 )
(2,140,133,500 )
(29,312,738,635 )
(133,496,109,308 )
91,314,970,550
12,648,686,326
(35,312,665,056 )
3,563,787,488,462
31,107,741,567
4,839,010,938
(205,066,106,677 )
3,703,697,897,843
2012
Current
Rupiah
Business services
Social services
Agriculture
Trading
Manufacturing
Transportation and
communication
Construction
Electricity, gas and water
Mining
Total mudharabah
financing
Allowance for possible
losses
Net
Special Mention
Substandard
Doubtful
Loss
Total
3,875,566,518,213
154,774,259,797
40,823,299,571
9,569,441,113
2,902,915,994
95,985,167,126
1,454,956,918
624,380,126
179,139,491
15,947,366,609
248,103,317
5,381,500,000
-
8,794,866,947
1,064,159,700
49,251,125
-
53,695,285,594
3,972,584,919
1,042,418,736
-
4,049,989,204,489
161,514,064,651
40,823,299,571
16,666,991,100
3,082,055,485
985,762,153
328,663,023
178,070,471
174,768,357
-
-
-
17,238,627
-
985,762,153
345,901,650
178,070,471
174,768,357
4,085,303,698,692
98,243,643,661
21,576,969,926
9,908,277,772
58,727,527,876
4,273,760,117,927
(4,909,691,583 )
(3,236,545,489 )
(4,735,807,549 )
(58,697,953,240 )
93,333,952,078
18,340,424,437
(40,679,350,543 )
4,044,624,348,149
5,172,470,223
29,574,636
(112,259,348,404 )
4,161,500,769,523
b. Financing Period (based on agreements)
2013
2012
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
42,968,979,588
154,774,895,750
2,323,347,338,362
1,387,672,790,820
31,616,297,406
161,566,383,093
3,013,141,538,135
1,067,435,899,293
Total mudharabah financing
Allowance for possible losses
3,908,764,004,520
(205,066,106,677)
4,273,760,117,927
(112,259,348,404)
Net
3,703,697,897,843
4,161,500,769,523
49
PT Bank Syariah Mandiri
387
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
9. MUDHARABAH FINANCING (continued)
c. Remaining Period to Maturity
2013
2012
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
601,913,904,490
886,077,002,661
2,227,421,008,795
193,352,088,574
474,337,407,202
951,905,297,466
2,487,117,678,177
360,399,735,082
Total mudharabah financing
Allowance for possible losses
3,908,764,004,520
(205,066,106,677)
4,273,760,117,927
(112,259,348,404)
Net
3,703,697,897,843
4,161,500,769,523
d. Related parties
2013
2012
Third parties
Related parties (Note 38)
3,811,274,743,281
97,489,261,239
4,065,217,157,991
208,542,959,936
Total mudharabah
3,908,764,004,520
4,273,760,117,927
e. Other Significant Information
(i) Percentage of profit sharing for mudharabah financing was ranging from 11.81% to 14.03%
per annum for 2013 and 13.18% to 18.69% per annum for 2012.
(ii) The ratio of non-performing mudharabah financing-gross and net as of December 31, 2013
was 5.46% and 1.24% (2012: 2.11% and 0.55%).
(iii) Mudharabah financing receivables are generally secured by registered mortgages, powers of
attorney to mortgage or sell, time deposits, and other guarantees accepted by the Bank. Total
mudharabah deposits pledged as collateral are disclosed in Note 23.
(iv) Summary of changes in allowance for possible losses of mudharabah financing are as follows:
2013
Rupiah
Foreign Currency
Total
Balance at beginning of year
Provision during the year
Written-off during the year
112,259,348,404
117,832,318,184
(25,025,559,911)
-
112,259,348,404
117,832,318,184
(25,025,559,911)
Balance at end of year
205,066,106,677
-
205,066,106,677
2012
Rupiah
Balance at beginning of year
Provision during the year
Balance at end of year
Foreign Currency
Total
80,359,109,429
31,900,238,975
-
80,359,109,429
31,900,238,975
112,259,348,404
-
112,259,348,404
50
Annual Report 2013
388
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
9. MUDHARABAH FINANCING (continued)
e. Other Significant Information (continued)
Management believes that the allowance for possible losses is adequate to cover possible losses
from uncollectible mudharabah financing and in compliance with Bank Indonesia regulation.
10. MUSYARAKAH FINANCING
a. Based on Economic Sector, Currency, and Collectibility
2013
Current
Rupiah
Contruction
654,201,405,720
Trading
958,400,267,822
Business services
3,995,346,487,301
Manufacturing
485,227,483,861
Agriculture
118,505,163,637
Transportation
and communication
88,334,192,432
Mining
100,692,224,962
Social service
11,545,071,748
Electricity, gas,
and water
22,219,059,763
Others
18,297,586,858
Foreign currency
Mining
Trading
Construction
Business services
Manufacturing
Total musyarakah
financing
Allowance for possible
losses
Net
Special Mention
Substandard
Doubtful
Loss
Total
41,031,898,488
109,001,646,903
95,901,873,221
5,474,779,236
1,444,987,368
7,701,403,474
24,303,263,951
61,223,902,940
237,000,000
3,126,557,497
6,304,670,654
6,073,681,099
26,272,232,012
959,009,337
1,650,854,559
31,412,604,741
25,884,928,336
200,875,794,038
17,787,050,010
4,583,985,363
740,651,983,077
1,123,663,788,111
4,379,620,289,512
509,685,322,444
129,311,548,424
9,250,250,662
19,774,378,338
1,108,715,407
690,000,000
13,974,873,464
214,325,184
927,291,416
80,000,000
3,172,363,801
632,487,107
1,559,353,992
100,971,132,079
122,716,381,823
28,268,014,611
447,737,813
-
-
-
22,219,059,763
18,745,324,671
6,452,768,944,104
283,436,267,436
111,257,001,326
42,482,064,261
285,908,567,388
7,175,852,844,515
19,228,600,000
62,244,031,148
1,000,643,687
4,700,850,000
37,894,337,500
20,284,461,533
16,919,624,479
-
-
-
-
39,513,061,533
62,244,031,148
17,920,268,166
4,700,850,000
37,894,337,500
125,068,462,335
37,204,086,012
-
-
6,577,837,406,439
320,640,353,448
111,257,001,326
42,482,064,261
285,908,567,388
(10,726,871,500 )
(13,049,715,222 )
(17,282,583,966 )
(184,768,965,937 )
98,207,286,104
25,199,480,295
101,139,601,451
(63,590,230,671 )
6,514,247,175,768
309,913,481,948
-
162,272,548,347
7,338,125,392,862
(289,418,367,296 )
7,048,707,025,566
2012
Current
Rupiah
Construction
Trading
Business services
Manufacturing
Agriculture
Transportation and
communication
Mining
Social services
Electricity, gas,
and water
Foreign currency
Mining
Trading
Transportation and
communication
Construction
Business services
Industries
Total musyarakah
financing
Allowance for possible
losses
Net
Special Mention
Substandard
Doubtful
Loss
1,133,856,945,653
1,198,496,554,827
2,281,113,899,742
486,781,130,819
180,765,470,122
40,061,208,413
106,820,200,106
60,460,741,366
10,294,535,048
18,756,632,717
7,975,391,034
22,067,755,828
32,748,465,023
1,600,522,639
13,688,080,961
5,271,367,129
11,099,770,391
9,158,858,423
1,410,338,642
3,933,814,613
97,788,932,699
40,035,389,883
22,013,639,316
69,489,887,048
4,157,825,851
1,284,953,844,928
1,378,519,671,035
2,405,495,603,870
569,576,414,196
221,301,824,264
81,769,255,566
48,719,315,827
53,451,327,538
6,366,649,753
27,428,642,603
20,356,177,953
260,000,000
205,627,271
147,265,121
439,723,976
10,099,718,048
-
1,225,000,000
270,677,734
90,060,629,295
86,453,303,749
74,225,448,346
12,629,531,036
-
-
-
-
12,629,531,036
5,477,583,431,130
290,544,787,959
78,693,107,877
41,413,591,222
234,981,352,531
6,123,216,270,719
56,525,115,684
63,294,687,085
-
-
-
-
56,525,115,684
63,294,687,085
28,912,500,000
17,738,326,646
18,291,165,450
28,790,705,997
-
-
-
-
28,912,500,000
17,738,326,646
18,291,165,450
28,790,705,997
213,552,500,862
-
-
-
-
213,552,500,862
5,691,135,931,992
290,544,787,959
78,693,107,877
41,413,591,222
234,981,352,531
6,336,768,771,581
(11,149,932,107 )
(15,614,800,247 )
(194,169,822,914 )
67,543,175,770
25,798,790,975
40,811,529,617
(53,812,868,929 )
5,637,323,063,063
(12,954,357,457 )
277,590,430,502
51
PT Bank Syariah Mandiri
Total
389
Annual Report 2013
(287,691,781,654 )
6,049,076,989,927
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language
APPROVAL FOR PRINTING
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
10. MUSYARAKAH FINANCING (continued)
b. Financing Period (based on agreements)
2013
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
2012
2,453,209,707,164
2,098,617,480,452
2,479,810,772,053
144,214,884,846
3,057,960,010,155
1,670,756,279,288
1,221,617,213,467
172,882,767,809
7,175,852,844,515
6,123,216,270,719
21,063,166,771
24,284,565,042
67,027,816,534
49,897,000,000
46,626,593,634
36,319,317,645
101,694,089,583
28,912,500,000
162,272,548,347
213,552,500,862
Total musyarakah financing
Allowance for possible losses
7,338,125,392,862
(289,418,367,296)
6,336,768,771,581
(287,691,781,654)
Net
7,048,707,025,566
6,049,076,989,927
Foreign currency
less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
c. Remaining Period to Maturity
2013
Rupiah
Less than 1 year
1 - 2 years
More than 2 - 5 years
More than 5 years
2012
5,997,058,279,281
372,468,452,881
776,245,812,512
30,080,299,841
5,238,836,214,049
414,967,497,136
440,725,820,079
28,686,739,455
7,175,852,844,515
6,123,216,270,719
82,493,425,190
28,783,498,678
50,995,624,479
123,100,128,956
48,588,805,500
41,863,566,406
162,272,548,347
213,552,500,862
Total musyarakah financing
Allowance for possible losses
7,338,125,392,862
(289,418,367,296)
6,336,768,771,581
(287,691,781,654)
Net
7,048,707,025,566
6,049,076,989,927
Foreign currency
Less than 1 year
More than 1 - 2 years
More than 2 - 5 years
d. Related Parties
2013
2012
Third parties
Related parties (Note 38)
7,197,696,504,980
140,428,887,882
6,132,965,757,581
203,803,014,000
Total musyarakah financing
7,338,125,392,862
6,336,768,771,581
52
Annual Report 2013
390
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language
DATE
: ______________________________
NAME
: ______________________________
PT BANK SYARIAH MANDIRI
NOTES TO FINANCIAL STATEMENTS POSITION
SIGNATURE
Years ended
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
10. MUSYARAKAH FINANCING (continued)
e. Other Significant Information
(i) Percentage of profit sharing for musyarakah financing in Rupiah was ranging from 2.62% to
14.32% per annum for 2013 and ranging from 10.57% to 12.98% per annum for 2012,
whereas for the foreign currency was ranging from 1.29% to 10.20% per annum for 2013 and
ranging from 2.01% to 10.04% per annum for 2012.
(ii) The ratio of non-performing musyarakah financing - gross and net as of
December 31, 2013 was 5.99% and 3.06% (2012: 5.60% and 2.12%).
(iii) Musyarakah financing receivables are generally secured by registered mortgages, powers of
attorney to mortgage or sell mudharabah time deposits or other guarantees accepted by the
Bank. Total mudharabah time deposits pledged as collateral are disclosed in Note 23.
(iv) Summary of changes in allowance for possible losses of musyarakah financing is as follows:
2013
Rupiah
Balance at beginning of year
Provision during the year
Written-off during the year
Exchange rate differences
Balance at end of year
Foreign Currency
Total
285,619,237,657
426,452,737,959
(425,700,504,232)
-
2,072,543,997
429,737,888
544,614,027
287,691,781,654
426,882,475,847
(425,700,504,232)
544,614,027
286,371,471,384
3,046,895,912
289,418,367,296
2012
Rupiah
Foreign Currency
Total
Balance at beginning of year
Provision during the year
Written-off during the year
Exchange rate differences
314,735,385,569
34,875,154,595
(63,991,302,507)
-
1,293,121,962
698,133,971
81,288,064
316,028,507,531
35,573,288,566
(63,991,302,507)
81,288,064
Balance at end of year
285,619,237,657
2,072,543,997
287,691,781,654
Management believes that the allowance for possible losses is adequate to cover possible losses from
uncollectible musyarakah financing and in compliance with Bank Indonesia regulation.
11. ASSETS ACQUIRED FOR IJARAH
This account represents rental objects of ijarah muntahiyah bittamlik transactions with an option to
transfer ownership of assets with details as follows:
2013
2012
Vehicles
Multi-services
Machinery and installations
Aeroplanes
Others
Total
Accumulated depreciation and amortization
Net
121,795,845,028
10,311,528,808
140,331,032,418
36,510,000,000
147,602,612,515
77,491,245,644
54,106,667,252
49,717,454,299
28,912,500,000
165,014,657,239
456,551,018,769
(188,998,967,103)
375,242,524,434
(183,778,073,094)
267,552,051,666
191,464,451,340
53
PT Bank Syariah Mandiri
391
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
11. ASSETS ACQUIRED FOR IJARAH (continued)
Ijarah multi-services mostly represent ijarah financing for educational purposes.
Depreciation and amortization charged to statements of comprehensive income amounted to
Rp145,490,408,247 and Rp232,564,177,072, respectively, for the years ended December 31, 2013
and 2012 (Note 29).
12. FIXED ASSETS
2013
January 1
Acquisition Cost
Land rights
Building
Installation
Motor vehicles
Office equipment
Accumulated Depreciation
Building
Installation
Motor vehicles
Office equipment
Net Book Value
Addition
Deduction
December 31
99,928,444,619
43,319,272,437
164,095,734,227
148,460,749,125
752,078,903,743
32,612,804,400
5,300,087,268
14,187,626,070
34,363,511,916
147,526,466,650
2,619,281,916
3,111,215,000
571,261,054
132,541,249,019
46,000,077,789
178,283,360,297
179,713,046,041
899,034,109,339
1,207,883,104,151
233,990,496,304
6,301,757,970
1,435,571,842,485
14,128,331,797
95,593,499,280
62,870,810,719
291,692,092,416
2,355,707,217
20,198,658,553
29,291,398,342
135,439,570,912
333,036,329
2,965,013,318
571,261,015
16,151,002,685
115,792,157,833
89,197,195,743
426,560,402,313
464,284,734,212
187,285,335,024
3,869,310,662
647,700,758,574
743,598,369,939
787,871,083,911
2012
January 1
Acquisition Cost
Land rights
Building
Installation
Motor vehicles
Office equipment
Accumulated Depreciation
Building
Installation
Motor vehicles
Office equipment
Net Book Value
Addition
Deduction
December 31
99,915,444,619
40,952,200,365
130,448,518,192
124,136,514,323
448,619,000,342
13,000,000
3,340,654,697
33,647,216,035
30,984,338,302
304,437,946,749
973,582,625
6,660,103,500
978,043,348
99,928,444,619
43,319,272,437
164,095,734,227
148,460,749,125
752,078,903,743
844,071,677,841
372,423,155,783
8,611,729,473
1,207,883,104,151
12,202,232,154
77,349,578,233
45,296,523,909
198,160,254,341
2,394,742,800
18,712,564,203
24,224,900,262
94,031,833,231
468,643,157
468,643,156
6,650,613,452
499,995,156
14,128,331,797
95,593,499,280
62,870,810,719
291,692,092,416
333,008,588,637
139,364,040,496
8,087,894,921
464,284,734,212
511,063,089,204
743,598,369,939
All of the landrights owned by the Bank are the rights to use (HGB) with remaining periods ranging
from 3 months to 18 years and can be extended upon their expiration.
54
Annual Report 2013
392
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
12. FIXED ASSETS (continued)
The details of fixed assets sold are as follows:
2013
2012
Proceeds from sale of fixed assets
Book value
1,617,545,759
(146,201,721)
4,183,479,735
(523,834,552)
Gain on sales of fixed assets
1,471,344,038
3,659,645,183
Certain fixed assets were insured against the fire and other risks under insurance policies with
PT Tugu Pratama Indonesia and PT Asuransi Takaful Umum with total insured amounting to
Rp1,296,910,017,545 and Rp806,714,229,823 for the year ended December 31, 2013 and 2012. The
Bank’s management believes that the insurance coverage is sufficient to cover the possible of losses.
Based on the Bank’s management review, there is no indication of impairment in value of fixed assets
owned by the Bank.
13. OTHER ASSETS
2013
Rupiah
Prepaid expenses:
Building rental
Building renovation
Software maintenance
New branch opening
Others
Domestic usance letter of credit
(SKBDN) receivable from customer
Usance import letter of credit
Clearing transfer receivables
Accrued income of financing
Office supplies
Accrued income of rahn
Suspense account new CBS third party funds
Accrued income of marketable securities
Suspense account new CBS - financing
Income tax receivables art 25/29
(Note 18 b)
Security deposits
ATM Prima receivables
Others
Foreign Currency
Total
239,580,305,415
233,201,591,298
19,614,759,416
10,771,263,864
43,666,681,969
514,351,420
239,580,305,415
233,201,591,298
19,614,759,416
10,771,263,864
44,181,033,389
127,384,245,660
109,885,150,633
77,184,029,019
46,876,430,063
36,547,971,675
30,798,818,345
138,638,941,587
986,131,571
23,582,052
-
158,183,064,005
138,638,941,587
110,871,282,204
77,207,611,071
46,876,430,063
36,547,971,675
21,831,089,956
31,571,994,888
22,069,717,844
13,071,694,336
2,522,998,845
34,902,784,292
31,571,994,888
24,592,716,689
12,941,165,088
8,890,671,760
7,034,488,697
176,813,930,363
198,577,890
11,621,771,110
12,941,165,088
9,089,249,650
7,034,488,697
188,435,701,473
Total
Allowance for possible losses on
Suspense account CBS baru third party funds
1,225,865,487,608
198,376,867,156
1,424,242,354,764
(13,071,694,336)
(34,902,784,292)
Net
1,204,034,397,652
185,305,172,820
1,389,339,570,472
(21,831,089,956)
55
PT Bank Syariah Mandiri
393
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
13. OTHER ASSETS (continued)
2012
Rupiah
Prepaid expenses:
Building rental
Building renovation
New branch opening
Software maintenance
Implementation of new Core
Banking System (CBS)
Others
Suspense account new CBS
Domestic usance letter of credit
(SKBDN) receivable from customer
Accrued income of Marketable Securities
ATM Prima receivables
Accrued income of rahn
Security deposits
Usance import letter of credit
Others
Foreign Currency
Total
268,150,874,423
247,681,622,010
32,031,181,477
15,483,897,523
-
268,150,874,423
247,681,622,010
32,031,181,477
15,483,897,523
23,194,751,693
38,228,933,521
232,686,096,173
305,448,612
-
23,194,751,693
38,534,382,133
232,686,096,173
74,462,306,617
42,494,275,455
35,463,492,115
31,222,764,718
8,384,945,565
15,697,326,101
22,964,974,678
24,654,322
157,255,088
62,161,364,739
3,951,426,792
97,427,281,295
42,494,275,455
35,488,146,437
31,222,764,718
8,542,200,653
62,161,364,739
19,648,752,893
Total
Allowance for possible losses on
other receivables
1,065,182,467,391
89,565,124,231
1,154,747,591,622
-
(6,000,000,000)
Net
1,059,182,467,391
89,565,124,231
1,148,747,591,622
(6,000,000,000)
Receivable from ATM Prima represents receivable from usance of Bank’s Automated Teller Machine
(ATM) network by other banks’ customers included in ATM Prima network.
Other assets as of December 31, 2012 includes Bank’s claims to PT Sari Indo Prima (SIP) as the
settlement of legal cases related to the mudharabah muqayyadah financing - Dana Pensiun Angkasa
Pura II (Dapenda). On November 3, 2009, The Bank, DAPENDA and SIP signed a peace agreement
which state that the Bank and SIP agreed to pay the principal of financing to DAPENDA amounted
Rp10,000,000,000 (ten billion Rupiah) in accordance with the BASYARNAS decision. The payments
was charged to the Bank and SIP as a joint responsibility. In accordance with the agreement signed on
October 15, 2009, SIP acknowledged obligations to the Bank in accordance with the amount paid by
the Bank to DAPENDA a maximum amount of Rp6,000,000,000 (six billion Rupiah) and the obligations
will be incurred effectively at the time of the payment by the Bank to DAPENDA was implemented for
14 (fourteen) years, at the latest. In 2013, the Bank has decided to write off the claims to SIP.
Suspense account is an open account arises due to the implementation and migration of data from the
old system (Alphabids) into the new core banking system (iBSM) which has not been cleared until the
statement of financial position dates. Suspense account consists of debit balance due to financing
transactions amounting to Rp24,592,716,689 and suspense account related with third party fund
transactions amounting to Rp34,902,784,293. The Bank also booked suspense with credit balance
amounting to Rp42,320,984,231 (Note 21) which was presented as other liabilities. As of December
31, 2013 the Bank has provided allowance for possible losses for debit balance suspense account
related with third party fund transactions amounting to Rp34,902,784,293. The Bank has not provide
allowance for debit balance suspense account related to financing transactions since migration
process of financing module to new system (iBSM) was not yet finished. The Bank's management
believes that the allowance for possible losses are adequate.
56
Annual Report 2013
394
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
13. OTHER ASSETS (continued)
Summary of changes in allowance for possible losses of other receivables are as follows:
2013
Rupiah
Balance at beginning of year
Written-off during the year
Foreign Currency
6,000,000,000
(6,000,000,000)
Balance at end of year
Total
-
-
6,000,000,000
(6,000,000,000)
-
-
Summary of changes in allowance for possible losses of suspense account new CBS - third party
funds are as follows:
2013
Rupiah
Foreign Currency
Total
Balance at beginning of year
Provision during the year
21,831,089,956
13,071,694,336
34,902,784,292
Balance at end of year
21,831,089,956
13,071,694,336
34,902,784,292
14. LIABILITIES DUE IMMEDIATELY
2013
Rupiah
Third parties
Bonus and tantiem provision for
employees, board of directors,
and board of commissioners
Entrusted funds from customers
Accrued expenses
Cost of financing facility given payable
Bank’s zakat
Payables to notary
Qardhul hasan funds
Suspense account for payment to suppliers
Payable to insurance companies
ATM Bersama payable
ATM Prima payable
Provision for promotional expenses
Zakat of employees’, customers’, and public
Provision for profit sharing of
subnotes issued
Others
Related parties (Note 38)
Liabilities from using Bank Mandiri’s ATM
Total
Foreign Currency
141,561,808,497
116,281,920,363
96,302,779,583
80,407,444,244
50,794,078,580
52,566,541,369
30,422,556,274
15,982,535,419
18,945,724,545
8,575,533,101
5,328,347,665
4,621,728,635
4,608,596,811
17,968,658,118
8,336,093,906
586,790,518
13,295,580,907
159,854
3,703,819
141,561,808,497
134,250,578,481
104,638,873,489
80,407,444,244
50,794,078,580
52,566,541,369
31,009,346,792
29,278,116,326
18,945,884,399
8,575,533,101
5,328,347,665
4,621,728,635
4,612,300,630
1,734,246,576
15,718,685,713
-
1,734,246,576
15,718,685,713
643,852,527,375
40,190,987,122
684,043,514,497
69,587,375,504
-
69,587,375,504
69,587,375,504
-
69,587,375,504
713,439,902,879
40,190,987,122
753,630,890,001
57
PT Bank Syariah Mandiri
Total
395
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
14. LIABILITIES DUE IMMEDIATELY (continued)
2012
Rupiah
Third parties
Bonus and tantiem provision for
employees, board of directors,
and board of commissioners
Entrusted funds from customers
Accrued expenses
Cost of financing facility given payable
Bank’s zakat
Payables to notary
ATM Prima payable
Payable to insurance companies
ATM Bersama payable
Import tax KPKN perception liabilities
Provision for promotional expenses
Qardhul hasan funds
Provision for profit sharing of
subnotes issued
Suspense account for
payment to suppliers
Zakat of employees’, customers’, and public
Others
Related parties (Note 38)
Liabilities from using Bank Mandiri’s ATM
Total
Foreign Currency
Total
145,345,825,631
131,810,559,848
94,338,582,647
52,930,071,420
47,309,407,355
37,035,011,666
36,052,643,927
21,667,241,663
9,119,588,900
4,899,537,690
4,621,728,635
3,320,890,590
2,927,289,579
142,708,336
63,296
116,770,910
145,345,825,631
134,737,849,427
94,481,290,983
52,930,071,420
47,309,407,355
37,035,011,666
36,052,643,927
21,667,304,959
9,119,588,900
4,899,537,690
4,621,728,635
3,437,661,500
1,701,474,318
-
1,701,474,318
1,617,991,377
1,300,914,976
16,601,691,297
20,688,649,888
2,036,789
-
22,306,641,265
1,302,951,765
16,601,691,297
609,673,161,940
23,877,518,798
633,550,680,738
112,812,995,821
-
112,812,995,821
112,812,995,821
-
112,812,995,821
722,486,157,761
23,877,518,798
746,363,676,559
Movements in provisions for employees, board of directors, and board of commisioners are as follows:
2013
Balance at beginning of year
Provision during the year
Payment during the year
Balance at end of year
2012
145,345,825,631
133,664,769,216
(137,448,786,350)
246,658,111,087
127,577,551,540
(228,889,836,996)
141,561,808,497
145,345,825,631
Provision for employees, board of directors, and board of commissioners represents accruals for
quarterly divisional performance bonus, accruals for year end bonus, and accrual for tantiem of board
of directors and board of commissioners.
Entrusted funds from customers represents deposit from customer that has not been distributed by the
Bank. As of December 31, 2013 and 2012, this account includes deposit of mudharabah muqayyadah
channeling fund amounting to Rp7,886,634,244 and Rp7,540,699,959, respectively.
Bank’s zakat represents the Bank’s zakat payable which calculated based on income before tax
(Note 41)
Suspense account for payment to suppliers represents deposits or the Bank’s liabilities for
procurement of goods and services.
58
Annual Report 2013
396
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
14. LIABILITIES DUE IMMEDIATELY (continued)
Employees’, customers’, and public’ zakat represents account for entrusted zakat, infaq, and
shadaqah from these parties.
Payable to notary represents deposit from debtors for notary fee in regards of financing transactions
which has not been paid yet to the notary by the Bank.
Payable to insurance companies represents deposit from debtors for insurance premium in regards of
financing transactions which has not been paid yet to insurance companies by the Bank.
Qardhul hasan funds represents penalty income receipt from financing debtors and income from
current accounts with non-syariah banks. Non-halal income from current accounts with non-syariah
banks amounting to Rp191,243,336 and Rp453,611,371 as of December 31, 2013 and 2012,
respectively.
Liabilities from using Bank Mandiri’s ATM represent liabilities due to the Bank’s customers using
Automated Teller Machine (ATM) network of PT Bank Mandiri (Persero) Tbk.
ATM Prima payable and ATM Bersama represent liabilities arising from the Bank’s customers using
ATM Prima and ATM Bersama network.
Provision for promotion represents accrual for expenses related to the Bank’s promotion activities.
Liabilities from financing facility cost payable represent deposit from debtors for expenses related to
their financing granting process such as for appraisal, stamp duty, audit, and others.
Provision for profit sharing of subnotes issued represents accrual for profit sharing expenses to the
holder of subnotes issued.
Accrued expenses represents payable to third party over utilities cost such as electricity, water, and
phone.
15. UNDISTRIBUTED THIRD PARTIES’ SHARE ON RETURN OF TEMPORARY SYIRKAH FUNDS
AND BONUS WADIAH
2013
Non-Bank
Rupiah
Demand deposits
Time deposits
Saving deposits
Foreign currency
Demand deposits
Time deposits
2,729,422
56,281,187,606
479,965
724,535,822
36,797,985,185
932,230
56,284,396,993
37,523,453,237
561,326,646
1,878,830,744
344,636,905
561,326,646
2,223,467,649
56,845,723,639
39,746,920,886
59
PT Bank Syariah Mandiri
397
2012
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
15. UNDISTRIBUTED THIRD PARTIES’ SHARE ON RETURN OF TEMPORARY SYIRKAH FUNDS
AND BONUS WADIAH (continued)
Bank
Rupiah
Demand deposits
Time deposits
Total
2013
2012
4,870,732
114,835,818
4,679,399
201,215,528
119,706,550
205,894,927
56,965,430,189
39,952,815,813
16. WADIAH DEPOSITS
2013
a. Wadiah Demand Deposits
Third parties
Rupiah
Foreign currencies
Related parties (Note 38)
Rupiah
Foreign currencies
b. Wadiah Saving Deposits
Third parties
Rupiah
Related parties (Note 38)
Rupiah
Total
2012
5,941,924,101,142
1,420,898,770,799
5,205,923,312,826
1,181,579,384,715
7,362,822,871,941
6,387,502,697,541
141,671,550,575
2,892,202,691
43,127,551,625
281,665,176
144,563,753,266
43,409,216,801
1,607,829,438,489
901,347,921,061
1,607,829,438,489
901,347,921,061
120,826,446
176,401,832
120,826,446
176,401,832
9,115,336,890,142
7,332,436,237,235
Wadiah deposits represent wadiah yad-dhamanah demand deposits from other parties which, on the
basis of the Bank’s policy, will earn bonus.
Bonus of wadiah deposit in Rupiah was ranging from 0.72% to 1.95% per annum in 2013 and ranging
from 0.75% to 2.48% per annum in 2012. Bonus of wadiah deposit in foreign currencies was ranging
from 0.17% to 0.87% per annum in 2013 and 0.19% to 0.68% per annum in 2012.
60
Annual Report 2013
398
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
17. DEPOSITS FROM OTHER BANKS
2013
: ______________________________
: ______________________________
: ______________________________
: ______________________________
2012
Third parties
Rupiah
Wadiah demand deposits
27,681,869,683
31,585,080,325
Related parties (Note 38)
Rupiah
Wadiah demand deposits
517,195,092
6,391,071,948
28,199,064,775
37,976,152,273
Total
Wadiah demand deposits represent demand deposits from other banks in wadiah yad-dhamanah
agreement which, on the basis of the Bank’s policy, will earn bonus.
Bonus of wadiah demand deposits in Rupiah was ranging from 0.72% to 0.87% per annum in 2013
and ranging from 0.75% to 1.10% per annum in 2012.
18. TAXATION
2013
a. Taxes payable consists of:
Income tax article 25/29
Income tax article 4 (2)
Income tax article 21
Income tax article 23
Income tax article 26
Value Added Tax (VAT)
Total
2012
37,570,415,617
8,609,410,918
995,567,794
5,144,027
-
73,885,467,313
29,271,024,657
7,829,471,731
1,178,931,678
299,364,498
47,180,538,356
112,464,259,877
b. The reconciliation between income before income tax benefit/(expense) and the taxable income
and corporate income tax expense for the years ended December 31, 2013 and 2012 is as follows:
2013
Income before income tax benefit/(expense)
Temporary differences:
Provision/(reversal) for possible losses on:
Current account with other bank
Placements with other banks
Investment in marketable securities
(Deficiency)/excess of allowance for
possible losses on financing
Estimated losses on commitments
and contingencies
(Reversal)/provision for possible losses
on operational risk
Post and long-term employment
benefits expense
Depreciation of fixed assets
Bonus provision
Provision for possible losses on
non-productive assets
Provision for tantiem
Total temporary differences
883,836,421,815
399
1,097,132,642,834
3,726,573,179
(1,200,000,000)
(652,416,170)
(3,697,162,712)
(116,075,000)
70,928,394,245
(35,758,834,498)
57,831,561,681
(1,660,101,530)
193,089,407
(20,449,275)
1,000,000,000
56,227,135,413
(20,279,000,760)
39,194,423,822
43,058,682,187
(7,385,165,385)
(45,176,348,705)
28,902,784,293
24,999,846,143
-
93,479,960,617
116,636,975,718
61
PT Bank Syariah Mandiri
2012
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
18. TAXATION (continued)
b. The reconciliation between income before income tax benefit/(expense) and the taxable income
and corporate income tax expense for the years ended December 31, 2013 and 2012 is as follows:
(continued)
2013
2012
Permanent differences:
Employees’ gifts
Depreciation of fixed assets
Representation
Vehicle’s rent
Housing rent
Membership
Non-operational expense
Others
584,660,432
14,722,324,074
10,189,520,806
2,101,740,000
7,454,948,292
4,390,424,753
193,835,964
6,911,053,272
15,832,259,344
12,203,229,410
10,436,367,217
10,701,828,412
6,639,702,183
4,271,518,609
339,935,624
8,210,844,318
Total permanent differences
46,548,507,593
68,635,685,117
140,028,468,210
185,272,660,835
1,023,864,890,025
1,282,405,303,669
Total fiscal corrections
Taxable income
Corporate income tax expense
Prepaid tax article – 25
Income tax (receivable)/payable
article 25/29
255,966,222,500
(268,907,387,588)
320,601,325,750
(246,715,858,437)
(12,941,165,088)
73,885,467,313
The Bank will report the same amount of income tax expense as stated above in the tax return for
the year 2013.
c.
The reconciliation between the Bank’s income tax expense with the calculation of the accounting
income before income tax benefit/(expense) and prevailing tax rate is as follows:
2013
883,836,421,815
2012
Income before income tax benefit/(expense)
Income tax expense calculated from income
before income tax benefit/(expense)
Effect of tax on permanent differences
1,097,132,642,834
(220,959,105,454)
(11,637,126,891)
(274,283,160,542)
(17,158,921,279)
Tax expense - net
(232,596,232,345)
(291,442,081,821)
d. Component of income tax benefit/(expense):
2013
2012
Income tax benefit/(expense):
Current tax expense
Deferred tax benefit
(255,966,222,500)
23,369,990,155
(320,601,325,750)
29,159,243,929
Tax expense - net
(232,596,232,345)
(291,442,081,821)
62
Annual Report 2013
400
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
18. TAXATION (continued)
e. Deferred tax assets consist of:
2013
Deferred tax assets:
Provision for possible losses on
earning assets
Provision for post and long-term
employment benefits
Provision for possible losses on
operational risks
Estimated losses on commitments
and contingencies
Allowance for possible losses on
non-productive assets
Provision for bonus
Provision for tantiem
Unrealized gain / (loss) on availablefor-sale securities
60,246,232,986
68,717,402,358
40,415,089,135
26,358,305,282
5,125,561,933
5,130,674,252
295,795,144
710,820,527
8,725,696,073
29,140,490,589
6,249,961,536
1,500,000,000
19,341,884,633
-
148,676,640
150,347,504,036
Deferred tax liabilities:
Fixed assets
(4,738,599,092)
Deferred tax assets - net
2012
145,608,904,944
(87,930,758)
121,671,156,294
331,151,098
122,002,307,392
The utilization of deferred tax assets recognized by the Bank is dependent upon future taxable
income arising from the reversal of existing taxable temporary differences.
19. FINANCING RECEIVED
2013
2012
Mortgage facility
PT Sarana Multigriya Finansial (Persero)
600,000,000,000
600,000,000,000
Total
600,000,000,000
600,000,000,000
On October 3, 2011, the Bank (Mudharib) and PT Sarana Multigriya Finansial (Persero) (Shahibul
Mal) has entered into a mudharabah wal murabahah financing agreement which will be matured within
3 (three) years from the date of financing amounted Rp300,000,000,000. The financing is intended to
support the Bank’s working capital in mortgage financing to debtors using murabahah or musyarakah
mutanaqishah principles. Agreed revenue sharing is 65% for Shahibul Mal and 35% for Mudharib from
gross income received by Mudharib before deducting by related costs. The financing disbursement will
be paid in two phases, each amounted Rp100,000,000,000 and Rp200,000,000,000 starting from
October 3, 2011 and October 18, 2011, meanwhile revenue sharing will be paid monthly starting from
November 2011.
On December 29, 2011, PT SMF gave additional facility to the Bank for 3 (three) years period from the
date of financing amounting to Rp300,000,000,000 with the purposes to support the Bank’s working
capital in mortgage financing to debtors using murabahah or musyarakah mutanaqishah principles.
Agreed revenue sharing is 62% for Shahibul Mal and 38% for Mudharib from gross income received by
Mudharib before deducting by related costs. The financing disbursement will be disbursed in two
phases, each amounted Rp150,000,000,000 on December 29, 2011 and January 30, 2012,
respectively. Revenue sharing will be paid monthly starting from January 2012.
63
PT Bank Syariah Mandiri
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DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
20. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES
This account represents estimated losses on commitments and contingencies which consist of:
2013
2012
Bank guarantees issued
Outstanding irrevocable letter of credit (LC)
2,325,520,633
368,536,182
2,454,754,410
516,260,754
Total
2,694,056,815
2,971,015,164
As of December 31, 2013 and 2012, all bank guarantees issued and outstanding irrevocable LC are
classified as current.
Movements in allowance for possible losses on commitments and contingencies are as follows:
2013
Rupiah
Foreign currency
Total
Balance at beginning of year
Reversal during the year
Exchange rate differences
1,473,209,383
(225,235,342)
-
1,497,805,781
(1,434,866,188)
1,383,143,181
2,971,015,164
(1,660,101,530)
1,383,143,181
Balance at end of year
1,247,974,041
1,446,082,774
2,694,056,815
2012
Rupiah
Foreign currency
Total
Balance at beginning of year
Provision during the year
Exchange rate differences
1,469,933,912
3,275,471
-
1,230,632,017
189,813,936
77,359,828
2,700,565,929
193,089,407
77,359,828
Balance at end of year
1,473,209,383
1,497,805,781
2,971,015,164
Management believes that the allowance for possible losses on commitments and contingencies is
adequate to cover possible losses from commitments and contingencies payables and in compliance
with Bank Indonesia regulation.
Commitments and contingencies transactions as of December 31, 2013 and 2012 which have credit
risk are as follows:
2013
2012
Bank guarantee issued
Outstanding irrevocable LC
150,883,867,269
156,710,686,321
313,826,622,554
51,626,075,373
Total
307,594,553,590
365,452,697,927
64
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
21. OTHER LIABILITIES
2013
Rupiah
Post and long term-employment benefits (Note 37)
Provision for estimated losses on legal cases
Guarantee deposits
Domestic usance letter of credit (SKBDN) payable
to correspondent bank
Suspense account new CBS (Note 13)
Others
Foreign currencies
Payable letter of credit import to customer
Domestic usance letter of credit (SKBDN) payable
to correspondent bank
Guarantee deposits
Total
2012
161,660,356,541
20,502,247,732
10,725,568,705
105,433,221,128
20,522,697,007
8,738,093,420
16,737,680,147
42,320,984,231
12,609,426,761
19,657,424,498
11,249,619,168
264,556,264,117
165,601,055,221
118,401,298,945
115,770,486,913
26,187,731,548
16,533,035,678
13,234,410,545
1,861,036,254
161,122,066,171
130,865,933,712
425,678,330,288
296,466,988,933
Summary of changes in provision for estimated losses on legal cases are as follows:
2013
Rupiah
Foreign currency
Total
Balance at beginning of the year
Reversal during the year
20,522,697,007
(20,349,275)
-
20,522,697,007
(20,349,275)
Balance at end of the year
20,502,347,732
-
20,502,347,732
2012
Rupiah
Foreign currency
Total
Balance at beginning of the year
Provision during the year
19,522,697,007
1,000,000,000
-
19,522,697,007
1,000,000,000
Balance at end of the year
20,522,697,007
-
20,522,697,007
22. SUBORDINATED NOTES ISSUED
2013
2012
Third parties
Related parties (Note 38)
405,000,000,000
95,000,000,000
425,000,000,000
75,000,000,000
Total subordinated notes issued
500,000,000,000
500,000,000,000
65
PT Bank Syariah Mandiri
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
22. SUBORDINATED NOTES ISSUED (continued)
Subordinated Notes Mudharabah Bank Syariah Mandiri 2011
Subordinated notes (subnotes) mudharabah Bank Syariah Mandiri year 2011 represents marketable
securities issued by the Bank in the form of long term notes and matured within 10 years with call
option that can be exercised on year 5th (fifth) starting from the issuance date.
As of December 31, 2013 and 2012, total subordinated notes mudharabah Bank Syariah Mandiri
issued by the Bank in 2011 has nominal amount of Rp500,000,000,000.
Terms and conditions:
- Profit sharing is calculated based on the sharing rate (nisbah) of the subnotes’ holders multiplied
by the unaudited amount of distributable income as stated in the last quarter financial statements
of the Bank which have been approved by the Bank’s Board of Directors for not more than 10 (ten)
working days before the payment date of its profit sharing.
-
Distributable income for profit sharing is derived from the Bank’s income from financing portfolio in
Rupiah (blended) amounting to Rp5,000,000,000,000 which was acquired during a quarter as
stated in the unaudited financial statements of the Bank.
-
Sharing rate (nisbah) given to subnotes holder is 16.30% per annum which was derived from
payment of profit sharing each quarter.
Subnotes is not secured by a specific collateral and are not guaranteed by third party, including not
guaranteed by the Republic of Indonesia and not included in the Bank Guarantee Program conducted
by Bank Indonesia or other guarantee institutions in accordance with the law and was the Bank’s
payable.
During the period of Subnotes and prior to the redemption of all principal and interest, the Bank is
obliged to: (i) maintain total assets not held for collateral minimum at 150% of total debt; (ii) ensure that
the subnotes will not be owned by more than 49 (fourty nine) investors; (iii) submit reports to the
monitoring agent as follow: annual audited financial statements, quarterly financial report, financial
reports related to the profit sharing income and Bank’s soundness from Bank Indonesia.
The Bank without written approval from Monitoring Agent shall not undertake as follow: (i) reduce
issued and paid-up capital; (ii) change the main business; (iii) mergers or business combinations, or
reorganization, except due to Government or Bank Indonesia’s regulation; (iv) conduct merger,
consolidation, acquisition with other entity which will make dissolution of the Bank.
The issuance of the Bank’s subnotes is divided into 3 (three) phases as follows:
- Phase I dated December 19, 2011 with a nominal amount of Rp75,000,000,000
- Phase II dated December 19, 2011 with a nominal amount of Rp275,000,000,000
- Phase III dated December 19, 2011 with a nominal amount of Rp150,000,000,000
For the issuance of subordinated notes mudharabah Bank Syariah Mandiri 2011, the Bank has
received approval from Bank Indonesia through its letter No.13/2069/DPbS dated October 31, 2011
regarding the approval of issuance of subordinated notes mudharabah Bank Syariah Mandiri.
Syariah Supervisory Board (SSB) of the Bank has issued an opinion through its letter number
13/11/DPS/XII/2011 dated December 14, 2011 stating that the subordinated notes syariah
mudharabah are in accordance with DSN Fatwa on syariah bonds and mudharabah syariah bonds
(DSN-MUI Fatwa-No. 32/DSN-MUI/IX/2002 and No. 33/DSN-MUI/IX/2002). Profit sharing given to the
holders of subordinated notes was taken from the portion of the Bank.
PT Bank Mandiri (Persero) Tbk. and PT Bank CIMB Niaga Tbk. are acting as trustee of the
subordinated notes syariah mudharabah Bank Syariah Mandiri 2011.
Based on the latest rating report published in December 2013, the Bank’s subnotes has a rating of
idAA from PT Pefindo agency.
66
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
23. TEMPORARY SYIRKAH FUNDS
Temporary syirkah funds consist of:
a. Non-Bank
1) Restricted investments
2013
2012
Third parties
Demand deposits
Saving deposits
3,612,062,836
689,174,056,925
271,227,198
720,450,853,824
Total restricted investments
692,786,119,761
720,722,081,022
Restricted demand and saving deposits are deposit from third parties which will receive return
from their investments based on the agreed share (nisbah) of the Bank’s revenue.
2) Unrestricted investments - mudharabah saving deposits
Third parties
BSM saving deposits
Mabrur saving deposits
Investa Cendekia saving deposits
Berencana BSM saving deposits
Retirement saving deposits
Qurban saving deposits
Al Washilyah Mandiri saving deposits
Related parties(Note 38)
BSM saving deposits
Berencana BSM saving deposits
Investa Cendekia saving deposits
Mabrur BSM saving deposits
Institution Mudharabah saving deposits
Total unrestricted investments mudharabah saving deposits
2013
2012
16,293,842,447,048
2,939,917,536,298
290,818,249,449
156,646,166,989
27,492,663,266
548,526,205
3,612,824
14,421,371,351,641
2,674,293,361,744
245,104,541,205
146,550,283,032
8,235,034,013
488,736,193
30,186,923
19,709,269,202,079
17,496,073,494,751
16,176,774,231
778,341,703
1,217,121,759
75,435,785
76,585,379,898
9,690,062,217
1,030,619,754
1,245,999,980
142,421,520
17,819,906,426
94,833,053,376
29,929,009,897
19,804,102,255,455
17,526,002,504,648
The unrestricted investments of mudharabah saving deposits represents third parties’ deposits
which will receive return from their investments based on the agreed share (nisbah) of the Bank’s
revenue.
The annual profit sharing ratio for investments of mudharabah saving deposits is ranging from
0.23% to 5.64% per annum for 2013 and from 0.23% to 7.17% per annum for 2012.
67
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DATE
: ______________________________
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
23. TEMPORARY SYIRKAH FUNDS (continued)
a. Non-Bank (continued)
3) Unrestricted investments - mudharabah time deposits
2013
Rupiah
Foreign currency
Total
Third parties
Related parties
23,430,231,980,210
930,768,427,449
2,472,808,130,469
445,197,464
25,903,040,110,679
931,213,624,913
Total
24,361,000,407,659
2,473,253,327,933
26,834,253,735,592
2012
Rupiah
Foreign currency
Total
Third parties
Related parties
18,630,912,475,503
1,948,287,542,760
1,247,320,229,115
124,186,223
19,878,232,704,618
1,948,411,728,983
Total
20,579,200,018,263
1,247,444,415,338
21,826,644,433,601
b. Bank
2013
2012
Third parties
Unrestricted investments:
Mudharabah saving deposits
Mudharabah time deposits
144,875,521,584
83,396,871,023
181,054,334,269
122,764,968,979
Total temporary syirkah funds bank
228,272,392,607
303,819,303,248
c. Musyarakah - Mudharabah Musytarakah Demand Deposits
2013
Third parties
2012
14,262,559,498
2,886,139,624
d. Unrestricted Investments - Mudharabah Time Deposits (bank and non-bank)
1) By contract period (based on agreements)
2013
Rupiah
Foreign currency
Total
1 month
3 months
6 months
12 months
15,584,006,078,308
3,764,378,174,747
1,895,871,569,506
3,200,141,456,121
1,697,125,559,436
297,369,142,242
398,047,195,016
80,711,431,239
17,281,131,637,744
4,061,747,316,989
2,293,918,764,522
3,280,852,887,360
Total
24,444,397,278,682
2,473,253,327,933
26,917,650,606,615
68
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
23. TEMPORARY SYIRKAH FUNDS (continued)
d. Unrestricted Investments - Mudharabah Time Deposits (bank and non-bank) (continued)
1) By contract period (based on agreements) (continued)
2012
Rupiah
1 month
3 months
6 months
12 months
Total
Foreign currency
Total
9,603,663,265,073
7,357,606,726,563
1,861,072,518,849
1,879,622,476,757
922,050,244,013
271,829,124,233
16,870,188,356
36,694,858,736
10,525,713,509,086
7,629,435,850,796
1,877,942,707,205
1,916,317,335,493
20,701,964,987,242
1,247,444,415,338
21,949,409,402,580
2) Based on remaining period until maturity
2013
Rupiah
Foreign currency
Total
Up to 1 month
More than 1 - 3 months
More than 3 - 6 months
More than 6 -12 months
16,875,441,645,390
2,772,305,391,486
2,981,250,554,402
1,815,399,687,404
2,448,866,714,275
12,079,912,549
10,317,464,102
1,989,237,007
19,324,308,359,665
2,784,385,304,035
2,991,568,018,504
1,817,388,924,411
Total
24,444,397,278,682
2,473,253,327,933
26,917,650,606,615
2012
Rupiah
Foreign currency
Total
Up to1 month
More than 1 -3 months
More than 3 - 6 months
More than 6 - 12 months
12,227,135,205,675
2,030,791,953,515
5,918,353,567,539
525,684,260,513
959,493,089,941
215,710,170,384
45,215,485,341
27,025,669,672
13,186,628,295,616
2,246,502,123,899
5,963,569,052,880
552,709,930,185
Total
20,701,964,987,242
1,247,444,415,338
21,949,409,402,580
The mudharabah time deposits represent third parties’ deposits which received a profit sharing
return from the Bank’s income over utilization of its fund based on an agreed ratio arranged in
mudharabah muthlaqah agreement.
The annual profit sharing ratio for mudharabah time deposit in Rupiah ranged from 4.06% to
6.51% for the year 2013 and ranged from 4.69% to 6.80% for the year 2012. The annual profit
sharing ratio for mudharabah time deposits in foreign currencies ranged from 1.17% to 1.74%
per annum for the year 2013 and ranged from 1.36% to 1.81% per annum for 2012.
Mudharabah time deposits with mudharabah muthlaqah contract that is pledged as collateral
for receivables and financing amounted to Rp926.463.762.519 and Rp769,143,537,487 as of
December 31, 2013 and 2012, respectively.
69
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
24. CAPITAL STOCK
The Bank’s shareholders and issued and fully paid share capital as of December 31, 2013 and 2012
are as follows:
2013
Shareholders
Number of Shares
% of Ownership
Total (Rp)
PT Bank Mandiri (Persero) Tbk.
PT Mandiri Sekuritas
297,804,386
1
99.99999966
0.00000034
1,489,021,930,000
5,000
Total
297,804,387
100.00000000
1,489,021,935,000
2012
Shareholders
Number of Shares
% of Ownership
Total (Rp)
PT Bank Mandiri (Persero) Tbk.
PT Mandiri Sekuritas
291,648,712
1
99.99999966
0.00000034
1,458,243,560,000
5,000
Total
291,648,713
100.00000000
1,458,243,565,000
25. ISSUANCE OF SHARES
Based on the Shareholders’ General Meeting out of Annual Shareholders’ General Meeting held on
December 28, 2012, notarized in the notarial deed No. 18 of Efran Yuniarto, S.H., Notary in Jakarta,
PT Bank Mandiri (Persero) Tbk. made an additional capital contribution amounting to
Rp300,000,000,000 in cash through issuance of 60 million new shares which were issued from the
stock portfolio.
Based on the Shareholders’ General Meeting out of Annual Shareholders’ General Meeting held on
December 27, 2013 as notarized in the Notarial deed No.20 of Chairul Bachtiar Notary in Jakarta,
PT Bank Mandiri (Persero) Tbk. made an additional capital contribution amounting to
Rp30,778,370,000 or 6,155,674 shares by inbreng (non-cash) mechanism. The details of the non cash
assets contribution are as follows:
1. Land located at Tasikmalaya, with fair value amount Rp5,001,300,000. Appraised by KJPP
Abdullah Fitriantoro & Rekan.
2. Land and building located at Yogyakarta, with fair value amount Rp18,206,177,000. Appraised by
KJPP Abdullah Fitriantoro & Rekan.
3. Land, building and infrastructure, with fair value amount Rp7,570,893,000. Appraised by KJPP
Abdullah Fitriantoro & Rekan.
26. NON-CASH INVESTING ACTIVITY
2013
NON-CASH INVESTING
Additional paid-in capital in inbreng for building
Total
2012
30,778,370,000
-
30,778,370,000
-
70
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NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
27. GENERAL RESERVE
In accordance with the Annual General Meeting of Shareholders held on May 29, 2013, the
shareholders have decided to provide appropriation of retained earnings from previous years net
income amounted Rp60,000,000,000 which made the total appropriation of retained earnings becomes
Rp291,648,713,000 or 20% from 2012 issued and fully paid-up capital. The appropriation of retained
earning as a general reserve is in accordance with the Limited Company Law which requires
companies to set up a general reserve of at least 20% of the issued and fully paid up share capital. As
of December 31, 2013, the appropriated retained earnings was 19.59% from issued and fully paid up
capital.
In accordance with the Annual General Meeting of Shareholders held on June 20, 2012, the
shareholders have decided to provide appropriation of retained earnings from previous years net
income amounted Rp24,655,555,340 which made the total appropriation of retained earnings becomes
Rp231,648,713,000 or 20% from 2011 issued and fully paid-up capital. The appropriation of retained
earning as a general reserve is in accordance with the Limited Company Law which requires
companies to set up a general reserve of at least 20% of the issued and fully paid up share capital. As
of December 31. 2012. the appropriated retained earnings was 15.89% from issued and fully paid up
capital.
28. TANTIEM
Based on shareholders’ annual general meeting held on May 29, 2013 and June 20, 2012, the
shareholders agreed to distribute tantiem to Board of Directors and Board of Commissioners which
were taken from the tantiem provision amounting to Rp32,042,000,000 and Rp24,798,161,143,
respectively.
29. INCOME FROM FUND MANAGEMENT BY BANK AS MUDHARIB
This account represents income received from:
2013
Income from sales and purchases:
Murabahah margin income
Istishna income - net
Total income from sales and purchases
Income from rent:
Income from ijarah
Depreciation expense of ijarah assets (Note 11)
Total ijarah income - net
Income from profit sharing:
Mudharabah profit sharing income
Musyarakah profit sharing income
Total income from profit sharing
Other main operating income:
Profit sharing income on marketable securities
Bonus income on Bank
Indonesia Syariah Certificate
Profit sharing income on placements with
other banks
Total other main operating income
Total
3,773,500,454,359
6,131,214,513
3,077,631,899,360
4,123,880,824
3,779,631,668,872
3,081,755,780,184
188,167,851,023
(145,490,408,247)
265,675,494,859
(232,564,177,072)
42,677,442,776
33,111,317,787
543,973,127,108
704,006,732,169
629,464,723,271
602,854,635,101
1,247,979,859,277
1,232,319,358,372
166,522,987,517
216,054,786,431
195,557,714,781
117,637,977,191
5,481,723,231
3,914,077,382
367,562,425,529
337,606,841,004
5,437,851,396,454
4,684,793,297,347
71
PT Bank Syariah Mandiri
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INDEPENDENT AUDITOR’S REPORT
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
30. THIRD PARTIES’ SHARE ON RETURN OF TEMPORARY SYIRKAH FUNDS
This account represents the distribution of profit sharing to customers:
2013
2012
Mudharabah time deposits
Mudharabah saving deposits
Restricted investments
Interbank mudharabah investment certificate
Musyarakah - mudharabah
musytarakah demand deposit
1,473,642,591,156
567,840,036,734
37,932,939,927
982,381,081
1,374,951,442,726
514,334,945,115
23,540,256,970
676,870,254
543,776,927
62,977,679
Total
2,080,941,725,825
1,913,566,492,744
31. OTHER OPERATING INCOME
2013
a. Fee based income from banking services
Hajj bridging fund income
Income from financing administration
Income from rahn
Saving deposits administration income
Income from foreign exchange transaction - net
Fee income from other ATM transactions
Income from restructuring compensation (ta'widh)
Syndicated financing fee
Income from domestics documents service
Income from administration and
commission other than financing
Fee income from ATM Mandiri transactionsri
Fee income from bancassurance
Demand deposits administration income
Fee income from RTGS transfers
Fee income on payroll services
Income from merchant trade fee
Ta’widh income from hajj
Fee income from exports-imports services
Income from insurance commission
Others
b. Return on restricted investments
Return of mudharabah muqayyadah
Total
2012
374,659,038,321
244,686,547,895
186,746,491,476
125,151,861,265
32,071,826,436
31,177,415,022
21,989,027,555
20,774,844,374
18,592,369,317
441,932,235,502
237,980,841,451
156,192,015,042
105,588,087,375
21,334,851,668
21,004,089,264
14,984,664,313
13,076,038,639
13,619,356,566
17,980,426,653
8,966,578,500
8,621,878,050
5,538,128,598
5,142,546,134
4,655,683,644
3,763,604,036
3,716,990,213
3,055,942,308
785,035,521
75,053,964,766
20,749,588,365
8,214,360,320
5,606,414,816
5,569,456,231
4,573,935,489
3,269,960,616
2,076,875,407
2,345,058,607
5,616,610,746
2,971,238,814
45,018,898,715
1,193,130,200,084
1,131,724,577,946
288,532,495
7,022,971,321
1,193,418,732,579
1,138,747,549,267
72
Annual Report 2013
410
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
32. PERSONNEL EXPENSES
2013
2012
Salaries, wages, allowances, and employee
benefits expenses
Employee benefit expenses
Education and training expenses
Employee social activities expenses
Medical expenses
Recruitment expenses
Other expenses
1,026,261,791,172
65,023,218,275
42,886,901,378
11,672,036,372
35,611,227,034
1,540,847,221
9,406,752,566
816,771,116,339
50,717,535,457
49,210,515,570
26,128,541,678
14,390,101,286
3,583,397,180
12,358,450,607
Total
1,192,402,774,018
973,159,658,117
33. ADMINISTRATION EXPENSES
2013
Outsourcing expenses
Rental expenses
Repair and maintenance expenses
Data communication expenses
Promotion expenses
Electricity, telephone, water, and gas expenses
Transportation expenses
Printing and stationary expenses
Other goods & services expenses
Insurance premium expenses
Mailing and postage expenses
Office supplies expenses
Professional fees expenses
Non-inventory expenses
Office expenses
Bank administration expenses
Partnership expenses
Security expenses
Miscellaneous tax expenses
Ujrah administration expenses
Software licenses expenses
Business trip expenses
Entertainment expenses
Research and development expenses
Utilization of Bank Mandiri’s ATM expenses
Others
Total
290,363,722,767
167,672,700,359
136,729,954,136
91,830,503,211
81,184,744,703
72,592,377,861
64,776,626,113
34,987,086,955
23,588,537,048
22,317,082,559
15,108,028,661
14,346,002,621
12,264,914,450
10,355,935,329
9,670,871,491
8,397,036,720
7,630,675,784
7,422,680,068
6,785,844,324
6,323,159,283
6,311,273,066
6,132,951,240
2,972,012,500
1,997,192,605
23,631,593,577
238,112,317,160
148,974,559,424
138,871,434,297
60,079,427,818
107,456,048,129
70,269,993,540
58,775,350,054
29,530,335,991
9,992,203,559
17,331,358,044
25,019,694,801
13,563,384,392
5,163,724,201
23,411,396,504
6,530,297,685
7,147,552,033
8,197,638,091
7,147,545,336
4,439,933,606
9,541,365,347
11,729,868,489
6,499,054,439
4,154,305,662
5,785,385,761
13,874,574,500
3,506,072,316
1,125,393,507,431
1,035,104,821,179
73
PT Bank Syariah Mandiri
411
2012
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
34. PROVISION FOR POSSIBLE LOSSES
2013
a. Provision/(reversal) for possible losses on
earning assets:
Receivables (Note 7)
Musyarakah financing (Note 10)
Mudharabah financing (Note 9)
Investments in marketable securities (Note 6)
Funds of qardh (Note 8)
Current accounts with other banks (Note 4)
Placements with other banks (Note 5)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
2012
296,312,752,603
426,882,475,847
117,832,318,184
(652,416,170)
(5,579,384,618)
3,726,573,179
(1,200,000,000)
226,151,228,835
35,573,288,566
31,900,238,975
70,928,394,245
23,926,198,887
(3,697,162,712)
(116,075,000)
Total
b. Provision/(reversal) for possible
losses on non-earning assets
c. (Reversal)/estimated losses on commitments
and contingencies (Note 20)
837,322,319,025
384,666,111,796
Total
870,565,001,788
34,902,784,293
(1,660,101,530)
(9,000,000,000)
193,089,407
375,859,201,203
35. OTHER OPERATING EXPENSES
2013
a. Bonus expense:
Wadiah demand deposits
Wadiah simpatik saving deposits
Total bonus expenses
b. Other expenses:
Premium on third party fund guarantees
Provision for operational risk
Others
Total other expenses
Total
2012
51,705,781,629
15,201,706,232
33,569,381,595
9,372,277,075
66,907,487,861
42,941,658,670
102,263,377,640
15,978,728
7,180,604,892
92,786,918,162
1,476,695,889
5,138,559,443
109,459,961,260
99,402,173,494
176,367,449,121
142,343,832,164
36. NON-OPERATING INCOME AND EXPENSES
2013
2012
a. Non-operating income:
Gain on sales of fixed assets
Gain on foreign exchange
Building rental income
Others
1,471,344,038
6,650,019,255
150,000,000
1,476,444,784
3,659,645,183
2,659,390,066
114,352,500
1,020,167,844
Total non-operating income
9,747,808,077
7,453,555,593
b. Non-operating expenses:
Penalties and sanctions
Others
468,383,804
345,412,497
1,108,239,863
314,658,689
Total non-operating expenses
813,796,301
1,422,898,552
Total non-operating income
and expense - net
8,934,011,776
6,030,657,041
74
Annual Report 2013
412
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
37. EMPLOYEE BENEFITS
The Bank has a defined contribution pension for all permanent employees which are funded through
monthly contribution to the Pension Fund Financial Institution (DPLK) Mandiri. The DPLK was
approved by the Minister of Finance as stipulated in Decree No.KEP-455/KM.10/2011 dated June 17,
2011. The pension fund contribution is funded by the Bank amounting to 10% of employee’s gross
salaries.
Contributions paid to pension fund during the year ended December 31, 2013 and 2012 are
Rp51,402,732,445 and Rp33,804,492,396, respectively.
Basic assumptions used to calculate the liability for employee benefits based on Law No.13/2003 and
regulation of the Bank as of December 31, 2013 and 2012 are as follows:
2013
Discount rate
Salary increase
Normal retirement age
Mortality rate
Resignation rate
2012
8.75% per annum
5.75% per annum
10% per annum
10% per annum
56 years
56 years
CSO - 1980
CSO - 1980
per annum before age 25 and
linearly decreasing to 1% until age 45
Projected Unit Credit
Resignation rate
The table below summarizes the components of the estimated net liabilities for employee benefits
recognized in the statements of comprehensive income and the amounts recognized in the statement
of financial position in relation to calculation of the estimated liability for employee benefits as of
December 31, 2013 and 2012 by independent actuary (PT Dayamandiri Dharmakonsilindo) in its
report dated January 10, 2014 and January 16, 2013, respectively.
Employment benefit expense recognized in the statement of comprehensive income:
2013
Law No. 13/2003
Current service cost
Interest cost
Net actuarial gains recognized
Amortization of unrecognized
past service cost - non-vested
Others
Long Service
Award
Total
29,501,628,000
9,806,972,732
(386,042,846)
18,523,402,000
1,216,494,648
-
48,025,030,000
11,023,467,380
(386,042,846)
6,231,260,186
6,545,797,000
(6,416,293,445)
6,231,260,186
129,503,555
51,699,615,072
13,323,603,203
65,023,218,275
2012
Law No. 13/2003
Current service cost
Interest cost
Net actuarial gains recognized
Amortization of unrecognized
past service cost - non-vested
Others
Long Service
Award
15,320,742,000
7,200,058,174
(397,107,427)
13,402,724,794
909,070,878
-
28,723,466,794
8,109,129,052
(397,107,427)
4,332,721,491
7,171,410,000
2,777,915,547
4,332,721,491
9,949,325,547
33,627,824,238
17,089,711,219
50,717,535,457
75
PT Bank Syariah Mandiri
Total
413
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
37. EMPLOYEE BENEFITS (continued)
The liability for employee benefits as of December 31, 2013 and 2012 are as follows:
2013
Law No. 13/2003
Present value of obligation
Past service cost
Actuarial losses
Long Service
Award
Total
130,510,483,000
2,829,945,521
(7,427,558,980)
35,747,487,000
-
166,257,970,000
2,829,945,521
(7,427,558,980)
125,912,869,541
35,747,487,000
161,660,356,541
2012
Law No. 13/2003
Present value of obligation
Past service cost
Actuarial losses
Long Service
Award
Total
172,209,089,000
3,215,988,367
(98,715,520,449)
28,723,664,210
-
200,932,753,210
3,215,988,367
(98,715,520,449)
76,709,556,918
28,723,664,210
105,433,221,128
Mutation of liability for employee benefits for the years ended December 31, 2013 and 2012 are as
follows:
2013
Law No. 13/2003
Balance at beginning of year
Employee benefit expenses
Benefits paid
Balance at end of year
76,709,556,918
51,699,615,072
(2,496,302,449)
125,912,869,541
Long Service
Award
Total
28,723,664,210
13,323,603,203
(6,299,780,413)
105,433,221,128
65,023,218,275
(8,796,082,862)
35,747,487,000
161,660,356,541
2012
Law No. 13/2003
Long Service
Award
Balance at beginning of year
Employee benefit expenses
Benefits paid
44,712,695,628
33,614,964,238
(1,618,102,948)
17,661,843,313
17,102,571,219
(6,040,750,322)
Balance at end of year
76,709,556,918
28,723,664,210
Total
62,374,538,941
50,717,535,457
(7,658,853,270)
105,433,221,128
76
Annual Report 2013
414
PT Bank Syariah Mandiri
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
: ______________________________
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
37. EMPLOYEE BENEFITS (continued)
The following table demonstrates the sensivity to a reasonably possible change at 1% in discount rate,
with all other variables held constant, of the obligation for employee benefit and aggregate current
service cost and interest cost as of December 31, 2013 and 2012:
2013
Increase
(Millions Rp)
Effect on the aggregate current service
cost and interest cost
Effect on the present value of obligation
2012
Decrease
(Millions Rp)
5,750
30,564
Increase
(Millions Rp)
(4,943)
(25,209)
6,829
40,114
Decrease
(Millions Rp)
(5,801)
(32,704)
38. TRANSACTIONS WITH RELATED PARTIES
Nature of relationship
Related parties
PT Bank Mandiri (Persero) Tbk.
Shareholder
PT Mandiri Sekuritas
Shareholder,
Deposits from customers
PT Bank Sinar Harapan Bali
Owned by the same shareholder
PT AXA Mandiri Financial Services
Owned by the same shareholder
PT Mandiri Manajemen Investasi
Owned by the same shareholder
Pemerintah Negara Republik Indonesia
Ultimate shareholder
PT Bank BNI Syariah
Subsidiary of Stated Owned Enterprises PT Bank Negara Indonesia
(Persero) Tbk.
PT Bank BNI
Stated Owned Enterprises
PT Bank BRI
Stated Owned Enterprises
PT Bank BRISyariah
Subsidiary of Stated Owned Enterprises PT Bank Rakyat Indonesia
(Persero) Tbk.
Perum Perumnas
Stated Owned Enterprises
PT Indosat Tbk.
Stated Owned Enterprises
PT Perusahaan Listrik Negara (Persero)
Stated Owned Enterprises
PT Pembangunan Perumahan (Persero) Tbk.
Stated Owned Enterprises
PT Brantas Abipraya (Persero)
Stated Owned Enterprises
PT Wijaya Karya (Persero) Tbk.
Stated Owned Enterprises
PT Pos Indonesia (Persero)
Stated Owned Enterprises
PT Permodalan Nasional Madani (Persero)
Stated Owned Enterprises
PT Hutama Karya (Persero)
Stated Owned Enterprises
PT Istaka Karya (Persero)
Stated Owned Enterprise
PT Balebat Dedikasi Prima
Subsidiary of Stated Owned Company PT Telkom Indonesia Tbk.
PT Bahana Artha Ventura
Subsidiary of Stated owned company Bahana PUI
PT Waskita Karya
Stated Owned Enterprises
PT Jamsostek (Persero)
Stated Owned Enterprises
Perum Jaminan Kredit Indonesia
Stated Owned Enterprises
PT Pupuk Sriwidjaja (Persero)
Stated Owned Enterprises
77
PT Bank Syariah Mandiri
415
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
38. TRANSACTIONS WITH RELATED PARTIES (continued)
Nature of relationship
Related parties
PT Semen Baturaja (Persero)
Stated Owned Enterprises
PT Krakatau Steel (Persero) Tbk.
Stated Owned Enterprises
PT Semen Gresik (Persero) Tbk.
Stated Owned Enterprises
Perum Bulog
Stated Owned Enterprises
PT Bank Aceh
Regional Government Owned Enterprises
PT BPD Jawa Tengah
Regional Government Owned Enterprises
PT BPD Kalsel
Regional Government Owned Enterprises
PT BPD Nusa Tenggara Timur
Regional Government Owned Enterprises
PT Bank BPD Sulawesi Tengah
Regional Government Owned Enterprises
PT BPD Sulawesi Selatan
Regional Government Owned Enterprises
PT Bank Sumsel Babel
Regional Government Owned Enterprises
PT Bank Tabungan Negara (Persero) Tbk. - Unit Usaha Syariah
Stated Owned Enterprises Unit PT Bank Tabungan Negara (Persero) Tbk.
PT Asuransi Jiwasraya (Persero)
Stated Owned Enterprises
PT Kimia Farma (Persero) Tbk.
Stated Owned Enterprises
PT Amarta Karya (Persero)
Stated Owned Enterprises
PT Semen Indonesia (Persero) Tbk
Stated Owned Enterprises
PT Balai Pustaka (Persero)
Stated Owned Enterprises
PT Garuda Indonesia (Persero) Tbk.
Stated Owned Enterprises
PT Indah Karya (Persero)
Stated Owned Enterprises
PT Indofarma (Persero)
Stated Owned Enterprises
PT Indra Karya (Persero)
Stated Owned Enterprises
PT Kawasan Berikat Nusantara (Persero) SBU Non-Industri
Stated Owned Enterprises
PT Pelabuhan Indonesia II (Persero)
Stated Owned Enterprises
PT Perkebunan Nusantara VI (Persero)
Stated Owned Enterprises
PT Perkebunan Nusantara XIII (Persero)
Stated Owned Enterprises
PT Perkebunan Nusantara IX (Persero)
Stated Owned Enterprises
PT Angkasa Pura I (Persero)
Stated Owned Enterprises
PT Barata Indonesia (Persero)
Stated Owned Enterprises
PT Surveyor Indonesia (Persero)
Stated Owned Enterprises
PT Tabungan Asuransi Pegawai Negeri (Persero)
Stated Owned Enterprises
PT Pertani (Persero)
Stated Owned Enterprises
PT Sarana Multigriya Finansial (Persero)
Stated Owned Enterprises
PT Kliring Berjangka (Persero)
Stated Owned Enterprises
PT Adhi Karya (Persero) Tbk.
Stated Owned Enterprises
PT Asuransi Ekspor Indonesia (Persero)
Stated Owned Enterprises
PT Asuransi Jasa Indonesia (Persero)
Stated Owned Enterprises
Karyawan Kunci
Key Employees
Nature of transaction with government related parties are current accounts with other banks, liabilities
due immediately, deposits from other banks, investment in marketable securities, subordinated notes
issued, placement with other banks, deposits from customers, marketable securities, receivables and
financing.
78
Annual Report 2013
416
PT Bank Syariah Mandiri
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
38. TRANSACTIONS WITH RELATED PARTIES (continued)
In the course of its business, the Bank entered into transactions with related parties.
Balances of assets, liabilities, unrestricted investments, other operating income, administrative
expenses, other operating expenses, and personnel expenses arising from transactions with related
parties are as follows:
2013
2012
Assets
Current accounts with other banks (Note 4)
Placements with other banks (Note 5)
Investment in marketable securities (Note 6)
Murabahah receivables (Note 7)
Mudharabah financing (Note 9)
Musyarakah financing (Note 10)
169,097,399,528
50,000,000,000
1,185,570,047,547
121,571,475,843
97,489,261,239
140,428,887,882
106,092,735,229
105,000,000,000
1,437,876,713,473
207,032,014,855
208,542,959,936
203,803,014,000
Total
1,764,157,072,039
2,268,347,437,493
2.76%
4.18%
Liabilities
Liabilities due immediately (Note 14)
Wadiah demand deposits (Note 16)
Deposits from other banks (Note 17)
Financing received (Note 19)
Subordinated notes issued (Note 22)
69,587,375,504
144,684,579,712
517,195,092
600,000,000,000
95,000,000,000
112,812,995,821
43,585,618,633
6,391,071,948
600,000,000,000
75,000,000,000
Total
909,789,150,308
837,789,686,402
8.25%
9.14%
94,833,053,376
931,213,624,913
29,929,009,897
1,948,411,728,983
1,026,046,678,289
1,978,340,738,880
2.16%
4.90%
8,966,578,500
8,621,878,050
1,754,206,740
2,263,629,415
8,214,360,320
5,606,414,816
927,196,022
2,497,312,034
21,606,292,705
17,245,283,192
1.81%
1.51%
Percentage to total assets
Percentage to total liabilities
Unrestricted Investments (Note 23)
Mudharabah saving deposits
Mudharabah time deposits
Total
Percentage to total temporary syirkah funds
Other Operating Income (Note 31)
Fee based income from banking services
Fee income from bancassurance
Income from suku retail
Income from SBSN
Total
Percentage to total other operating income
79
PT Bank Syariah Mandiri
417
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
APPROVAL FOR PRINTING
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DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
38. TRANSACTIONS WITH RELATED PARTIES (continued)
2013
Operating Expenses
Fee based income from banking services
Fee income from bancassurance
2012
53,048,704,961
47,700,748,473
71,317,055,905
53,592,152,787
100,749,453,434
124,909,208,692
2.76%
4.48%
Personnel expenses (Note 32)
Salaries, bonus, tantiem, and other allowances
Tantiem
Salaries
Bonus
Other allowances
32,042,000,000
21,149,143,452
2,382,660,424
12,520,823,888
24,798,161,143
18,323,069,020
5,228,709,076
12,351,427,473
Total
68,094,627,764
60,701,366,712
5.71%
6.24%
Total
Percentage to total operating expenses
Percentage to total personnel expenses
39. COMMITMENTS AND CONTINGENCIES
2013
Commitments Payables
Unused facility of customer financing
Outstanding irrevocable L/C
Contingencies Payables
Bank guarantee issued
Others
Total
2012
1,238,928,001,007
156,710,686,321
1,737,388,998,753
51,626,075,373
1,395,638,687,328
1,789,015,074,126
145,120,497,284
5,763,369,985
285,948,501,768
27,878,120,786
150,883,867,269
313,826,622,554
1,546,522,554,597
2,102,841,696,680
40. NET OPEN POSITION
In accordance with Bank Indonesia regulation No. 12/10/PBI/2010 dated July 1, 2010 concerning the
Third Amendment to Bank Indonesia Regulation No. 5/13/PBI/2003 regarding Bank Net Open Position,
the Net Open Position (NOP) is the sum of absolute value of the net difference between assets and
liabilities of each foreign currency, either on the statement of financial positions or off balance sheets.
According to these regulations, since July 1, 2010, commercial banks are required to manage and
maintain overall NOP at a maximum of 20% from equity for every 30 minutes from the time the
treasury system is opened until closed.
As of December 31, 2013 and 2012, the Bank has complied with Bank Indonesia regulation on Net
Open Position.
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APPROVAL FOR PRINTING
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DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
40. NET OPEN POSITION (continued)
The Bank’s NOP as of December 31, 2013 and 2012 are as follows:
2013
Assets and Off
Balance Sheet
Assets
(Millions Rp)
Liabilities and
Off Balance
Sheet
Liabilities
(Millions Rp)
Net Open
Position
(Absolute)
(Millions Rp)
United States Dollar
Saudi Arabia Riyal
Singapore Dollar
Euro
Australian Dollar
Hongkong Dollar
Japanese Yen
4,060,313
1,639
59,366
111,309
1,327
155
85,946
4,092,199
42,073
99,888
23
85,973
31,886
1,639
17,293
11,421
1,304
155
27
Total
4,320,055
4,320,156
63,725
Capital
5,344,901
Percentage of NOP to Capital
1.19%
2012
Assets and Off
Balance Sheet
Assets
(Millions Rp)
Liabilities and
Off Balance
Sheet
Liabilities
(Millions Rp)
Net Open
Position
(Absolute)
(Millions Rp)
United States Dollar
Saudi Arabia Riyal
Singapore Dollar
Euro
Australian Dollar
Japanese Yen
2,661,576
1,307
12,680
8,668
949
839
2,776,000
13,194
3,349
8
810
114,424
1,307
514
5,319
941
29
Total
2,686,019
2,793,361
122,534
Capital
4,567,310
Percentage of NOP to Capital
2.68%
41. ZAKAT
The Bank has calculated zakat based on 2.5% of the income before zakat and income tax for the
years ended December 31, 2013 and 2012 amounting to Rp22,662,472,354 and Rp28,131,606,226,
respectively, which were recorded as zakat expenses in 2013 and 2012.
In accordance with the decision of the Annual General Meeting of Shareholders (RUPS) for year 2013
which was held on May 29, 2013, RUPS approved the payment of the Bank’s zakat amounting to 2.5%
of income before tax and zakat for the year ended December 31, 2012 totaling Rp28,131,606,226
which was recorded as 2012 expenses. Bank has distributed Bank’s zakat amounting to
Rp24,263,178,386 during 2013 through LAZNAS BSM.
81
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APPROVAL FOR PRINTING
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DATE
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NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
42. PENALTY
Penalty for late payment is charged to the debtors. The late payment fee is charged to debtors for the
negligence in fulfilling their obligation to the Bank. The amount of late payment fee charge is
determined in accordance with Bank’s internal regulation. The Bank does not recognize any revenue
from such fee, as the fee was allocated to qardhul hasan funds. The Bank received late payment fee
for the years ended December 31, 2013 and 2012 of Rp27,300,018,406 and Rp830,667,606,
respectively. The fund will be distributed through LAZNAS BSM.
43. RESTRICTED INVESTMENT FUNDS
2013
Mudharabah Muqayyadah Financing
Syariah Revolving Fund (DBS)
Mudharabah Muqayyadah Financing
Debt for Nature Swap (DNS)
Total
2012
82,621,121,925
82,959,472,474
7,069,076,369
7,262,823,338
89,690,198,294
90,222,295,812
2013
2012
Balance at beginning of year
of restricted investments
Receipt of restricted investments
Return from restricted investments
Bank’s fees as investment agent
Withdrawal of restricted investments
90,222,295,812
874,340,895
(288,532,495)
(1,117,905,918)
243,165,234,236
26,470,994,253
7,642,537,222
(7,022,971,321)
(180,033,498,578)
Total
89,690,198,294
90,222,295,812
DNS program (Debt for Nature Swap) is a program that allows debt reduction from creditor country in
this case the Germany government to the Indonesian government by providing funds for environmental
activities.
Based on the Decision Letter of the Secretary of State Minister of Environment No. KEP-32/SES/LH/09/2006,
the Bank has been appointed as the Executing Bank to distribute the financing program DNS
environmental sector to Micro and Small Enterprises (MSEs), the maximum amount of financing for the
MSEs amounted to Rp500,000,000. This appointment is binded through the agreement No. 11/41PKS/DIR dated April 13, 2009 between the Bank and the Ministry of Environment. The calculation for
the profit sharing to the Bank ranged between 33% to 50% of the margin received from the debtors.
Syariah Revolving Fund hereinafter referred as DBS (Dana Bergulir Syariah) is government funds from
the State Budget which is distributed to Syariah Financial Services Cooperatives (KJKS-Koperasi Jasa
Keuangan Syariah) and Syariah Financial Services Unit (UJKS-Unit Jasa Keuangan Syariah) within a
certain time period to meet the needs of their members for financing in various productive activities.
State Ministry of Cooperatives - Financing Division has cooperated with the Bank to distribute the DBS
financing to KJKS/UJKS.
The portion of profit shared between the Bank and the Ministry of Cooperatives and Small Medium
Enterprises equal to 40% and 60%. Profits distributed to the Bank is allocated at 10% for reserve of
doubtful accounts and 30% for administration, supervision, and guidance of KJKS/UJKS.
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DATE
: ______________________________
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
44. MATURITY ANALYSIS OF ASSETS, LIABILITIES AND TEMPORARY SYIRKAH FUNDS BASED
ON THE REMAINING PERIOD TO MATURITY
The table below presents the assets (before allowance for possible losses) and liabilities of the Bank
which are classified based on the remaining period from December 31, 2013 and 2012 to maturity.
2013
Total
Less than 1 month
1 - 3 months
More than 3 - 12 months
More than 1 - 5 years
More than 5 years
ASSETS
Cash
Current accounts and placements
with Bank Indonesia
Current accounts with other banks
Placements with other banks
Investment in marketable
securities
Receivables
Funds of qardh
Mudharabah financing
Musyarakah financing
Fixed assets - net
Other assets - others
1,444,785,308,390
1,444,785,308,390
-
-
-
-
9,157,117,991,948
687,470,635,401
50,000,000,000
9,057,117,991,948
687,470,635,401
50,000,000,000
-
100,000,000,000
-
-
-
1,516,969,845,499
33,332,938,417,814
5,613,054,861,843
3,908,764,004,520
7,338,125,392,862
787,871,083,911
1,837,403,311,374
53,785,202,819
537,488,756,693
573,482,356,157
57,100,401,763
1,070,066,184,767
1,160,994,882,638
15,660,276,626
1,026,473,050,912
911,775,715,973
38,717,501,315
1,392,137,659,596
145,518,515,213
233,447,942,111
2,472,480,039,116
2,411,345,765,713
506,096,001,412
3,617,347,860,109
247,574,097,872
1,097,076,252,440
17,422,734,355,224
1,716,451,024,000
3,113,498,011,456
1,228,493,388,550
655,329,834,892
280,744,235,668
117,000,171,503
11,873,762,215,869
193,352,088,574
30,080,299,840
132,541,249,019
2,571,579,983
Total assets
65,674,500,853,562
14,692,291,720,576
3,530,282,719,635
9,588,291,706,333
25,514,327,102,230
12,349,307,604,788
753,630,890,001
753,630,890,001
-
-
-
-
56,965,430,189
9,115,336,890,142
28,199,064,775
47,180,538,356
600,000,000,000
56,965,430,189
9,115,336,890,142
28,199,064,775
-
47,180,538,356
-
450,000,000,000
150,000,000,000
-
2,694,056,815
425,678,330,288
2,694,056,815
243,515,726,015
-
20,502,247,732
161,660,356,541
-
11,029,685,200,566
10,200,342,057,937
47,180,538,356
470,502,247,732
311,660,356,541
-
500,000,000,000
-
-
-
-
500,000,000,000
LIABILITIES
Liabilities due immediately
Undistributed third parties’
share on return of temporary
syirkah funds and bonus
Wadiah deposits
Deposits from other banks
Taxes payable
Financing received
Estimated losses on commitment
and contingencies
Other liabilities
Total liabilities
SUBORDINATED NOTES ISSUED
TEMPORARY SYIRKAH FUNDS
Restricted investments
Unrestricted investment
mudharabah saving deposits
Unrestricted investment
mudharabah time deposits
Unrestricted investments
mudharabah-bank saving
deposits
Unrestricted investments
mudharabah - bank time deposit
Musyarakah - mudharabah
musytarakah demand deposits
692,786,119,761
692,786,119,761
-
-
-
-
19,804,102,255,455
19,804,102,255,455
-
-
-
-
26,834,253,735,592
19,249,728,921,521
2,782,494,189,785
4,802,030,624,286
-
-
144,875,521,584
144,875,521,584
-
-
-
-
83,396,871,023
74,579,438,145
1,891,114,250
6,926,318,628
-
-
14,262,559,498
14,262,559,498
-
-
-
-
Total temporary syirkah funds
and subordinated notes issued 48,073,677,062,913
39,980,334,815,964
2,784,385,304,035
4,808,956,942,914
-
500,000,000,000
698,716,877,244
4,308,832,515,687
25,202,666,745,689
11,849,307,604,788
More than 3 - 12 months
More than 1 - 5 years
Difference between assets
with liabilities subordinated
noted issued and temporary
syirkah funds
6,571,138,590,083
(35,488,385,153,325 )
2012
Total
Less than 1 month
1 - 3 months
More than 5 years
ASSETS
Cash
Current accounts and placements
with Bank Indonesia
Current accounts with other banks
Placements with other banks
Investment in marketable
securities
Receivables
Funds of qardh
Mudharabah financing
Musyarakah financing
Fixed assets - net
Other assets - others
1,108,282,646,315
1,108,282,646,315
-
-
-
-
5,425,378,388,198
271,289,459,714
170,000,000,000
5,425,378,388,198
271,289,459,714
170,000,000,000
-
-
-
-
1,895,618,404,079
27,753,554,720,614
6,199,260,625,477
4,273,760,117,927
6,336,768,771,581
743,598,369,939
1,462,214,350,354
116,622,061,627
1,331,504,711,082
455,434,703,554
156,089,880,730
42,463,729,953
1,073,577,050,718
11,485,038,409
1,809,680,038,281
580,700,537,945
411,174,374,604
190,282,612,976
149,730,603,445
560,629,461,474
5,894,484,224,560
1,060,056,244,544
1,041,086,153,322
1,269,254,546,618
105,756,848,431
1,126,881,842,569
1,680,538,397,050
713,065,694,398
355,460,789,488
683,664,042,704
643,669,925,321
129,230,372,907
80,000,000,000
17,037,347,349,641
3,390,003,445,036
2,309,948,919,783
4,151,103,839,330
99,928,444,618
3,919,474,853
Total assets
55,639,725,854,198
10,150,642,631,891
3,153,053,205,660
9,931,267,478,949
5,332,511,064,437
27,072,251,473,261
746,363,679,559
746,363,679,559
-
-
-
-
39,952,815,813
7,332,436,237,235
37,976,152,273
112,464,259,877
600,000,000,000
39,952,815,813
7,332,436,237,235
37,976,152,273
112,464,259,877
-
-
-
600,000,000,000
-
2,971,015,164
296,466,988,933
2,971,015,164
296,466,988,933
-
-
-
-
9,168,631,148,854
8,568,631,148,854
-
-
600,000,000,000
-
LIABILITIES
Liabilities due immediately
Undistributed third parties’
share on return of temporary
syirkah funds and bonus
Wadiah deposits
Deposits from other banks
Taxes payable
Financing received
Estimated losses on commitment
and contingencies
Other liabilities
Total liabilities
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DATE
: ______________________________
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
44. MATURITY ANALYSIS OF ASSETS, LIABILITIES AND TEMPORARY SYIRKAH FUNDS BASED
ON THE REMAINING PERIOD TO MATURITY (continued)
2012
Total
SUBORDINATED NOTES ISSUED
TEMPORARY SYIRKAH FUNDS
Restricted investments
Unrestricted investments
mudharabah saving deposits
Unrestricted investments
mudharabah time deposits
Unrestricted investments
mudharabah-bank
saving deposits
Unrestricted investments
mudharabah – bank time deposit
Musyarakah - mudharabah
musytarakah demand deposits
Total temporary syirkah funds
and subordinated notes
issued
Difference between assets with
liabilities subordinated
noted issued and temporary
syirkah funds
Less than 1 month
500,000,000,000
1 - 3 months
-
More than 3 - 12 months
More than 1 - 5 years
-
-
500,000,000,000
-
More than 5 years
720,722,081,022
720,722,081,022
-
-
-
-
17,526,002,504,648
17,526,002,504,648
-
-
-
-
21,826,644,433,601
10,473,022,706,057
7,574,063,718,150
3,779,558,009,394
-
-
181,054,334,269
181,054,334,269
-
-
-
-
122,764,968,979
52,690,803,030
55,372,132,645
14,702,033,304
-
-
2,886,139,624
2,886,139,624
-
-
-
-
40,880,074,462,143
28,956,378,568,650
7,629,435,850,795
3,794,260,042,698
-
500,000,000,000
5,591,020,243,201
(27,374,367,085,613)
(4,476,382,645,135)
6,137,007,436,251
4,732,511,064,437
26,572,251,473,261
44. MATURITY ANALYSIS OF ASSETS, LIABILITIES AND TEMPORARY SYIRKAH FUNDS BASED
ON THE REMAINING PERIOD TO MATURITY (continued)
The following are the Bank’s efforts to reduce the existing maturity gap:
1) Manage third party funds to be disbursed in the form of receivables and financing within
the term period which shall not exceed the third party funding time period. The short-term third
party funds shall be disbursed into the short-term receivables and financing.
Similarly, long-term third party funds shall be disbursed into the long-term receivable and
financing.
2) Maintain relationship and encourage customers to deposit their funds for longer-term period by
granting competitive yields.
45. “LEMBAGA PENJAMIN SIMPANAN (LPS)” GUARANTEE ON OBLIGATIONS OF COMMERCIAL
BANKS
Based on LPS Regulation No. 2 dated November 25, 2010, the deposits guaranteed included demand
deposits, time deposits, certificates of deposits, saving deposits, and deposits from other banks.
On September 22, 2004, the President of the Republic of Indonesia approved the Law No. 24 of the
Lembaga Penjamin Simpanan (LPS). Based on the Law, LPS will guarantee customer’s deposits up to
Rp100,000,000 and actively participate in maintaining the stability of the banking system in
accordance with the authority given. The Law became effective from September 22, 2005 and since
that date, the LPS has been formally operated.
On October 13, 2008, the President of the Republic of Indonesia approved the Government Regulation
No. 66 Year 2008 regarding the maximum amount of deposits guaranteed by LPS. Based on such
regulation, the maximum amount of deposits guaranteed for a particular customer in a bank which
previously according to the Law No. 24, Year 2004 amounted to Rp100,000,000 was amended to
Rp2,000,000,000.
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NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
46. RISK MANAGEMENT
In conducting its business, the Bank faces various risks which are credit risk, liquidity risk, market risk,
operational risk, legal risk, reputation risk, strategic risk, and compliance risk.
a. Credit Risk Management
Credit risk is the risk of loss resulting from the defaulting obligor or counterparty in fulfilling their
obligations. Credit risk arising from financing activities is managed both at the transaction and
portfolio levels. Credit risk management practices are designed to preserve the independence and
integrity of the risk assessment process, and also to diversify the credit risk.
In efforts to reduce the exposure of credit risk, the Bank need to perform a variety of credit risk
mitigation techniques.
Credit risk mitigation techniques allow the Bank to protect against counterparty non-performance
of financing contracts through collaterals, netting agreements and guarantees.
Credit quality of the Bank’s assets in accordance with Bank Indonesia regulations and
concentration risks by industry sectors have been disclosed in other notes to the financial
statements.
The actions taken by the Bank to minimize credit risks are as follows:
1) Improving the financing policies for each segment of financing.
2) Improving the standard operating procedure for each segment of financing.
3) Determining the granting limit of financing on each level Financing Committee.
4) Adjustment authority of financing limit decision maker from ex officio to personnel.
5) Completing scoring for microfinancing, small, and consumer financing as a tools that helps to
mitigate the credit risk.
6) Updating the rating of economic sectors to avoid giving financing to unfavourable economic
sectors.
7) Developing watch list as a tools to monitor debtors which potentially downgraded or become
non-performing financing (NPF).
8) Monitoring the financing portfolio development on each industry sectors through determination
of sectoral limit.
9) Creating the Risk Acceptance Criteria (RAC) for several industry sectors for
telecommunication, multifinance, healthcare, gass, coal, palm, sea transportation, food and
beverages, retail and electricity.
10) Determining the internal Legal Lending Limit (BMPK).
11) Determining the exposure limit of 25 biggest debtors.
12) Determining the financing limit for each industry sectors to avoid the concentration of credit
risk on certain economic sectors.
13) Determining the limit of financing in foreign currency.
14) Applying the four eye principle in the processing of financing.
15) Applying standardized of Memorandum for Financing Analysis.
16) Formed a task force to handling non-performing financing effective since May 2013. The task
force members are financing divisions, restructuring division and financing recovery division.
The Bank's approach in handling the non-performing financing are performed through 5 pillars
program as follows:
a. Intensive collection.
b. Restructuring.
c. Insurance claim.
d. Sales of collateral.
e. Write off.
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NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
46. RISK MANAGEMENT (continued)
d. Operational Risk Management
Operational risk is the risk of loss arising from inadequate internal process, system failure, human
error, fraud, and external events that affects operation of bank. Operational risk is the major risk
that should be manage carefully due to the impact of operational risk that can affect bank’s going
concern.
Controls of operational risk are necessary to mitigate the operational risk. The risk controls were
done through the segregation of tasks and duties, dual control/dual custody mechanism in
execution of transaction, override/authorization function, restrictions on system access authority ,
employee education on an on going basis, and assessment and implementation of internal audit.
The actions taken by the Bank to minimize operating risks are as follows:
1) Determining and reviewing operational risk management policy.
2) Determining and reviewing transaction limit of branches and business unit in head office.
3) Using Operational Risk Management Information System (ORMIS) application to identify,
monitor, and mitigate the operational risk/loss experienced by Bank.
4) Implementing risk tools/model risk and control self assessment (RCSA) to assess and mitigate
operational risk which is being perform independently by business units.
5) Developing risk tools/model key risk indicator (KRI) for the early detection of potential risk so
that the mitigation can be done faster and on time.
6) Providing the analysis/risk opinion for each proposed new product and or activity that will be
launched by the Bank.
7) Developing business continuity management policies to ensure the operations of the Bank
continues despite of the interference (disaster) to protect the interest of stakeholders.
8) Implementing the information technology risk management through:
a) developing risk management policies and procedures for information technology including
data communication network and software standardization, system access management,
development of electronic banking services in terms of accessibility securities and Disaster
Recovery Plan;
b) implementing User Acceptance Test (UAT) for each new production and development of
application system to minimize the failure of application system.
9) Established special team for fraud investigation. In 2013 the Bank has discover several fraud
cases in several branches with total potential loss Rp270,384,565,234 as of December 31,
2013. The Bank has provide allowance for possible losses for those fraud cases amounting to
Rp175,325,158,977 after deducted by the available collateral in accordance with Bank
Indonesia's regulation. The Bank has formed a task force in order to settle those fraud cases.
In preventing the recurrent of those fraud cases the Bank has performed:
a) Separate financing disbursement process from back office in branches to Financing
Operation Center;
b) Strengthening the four eyes principals in financing disbursement process.
e. Legal Risk Management
Legal risk is the risk caused by the weakness in the legal aspect such as caused by legal claim,
supporting of laws or weakness of the contracts such as incomplete requirements for a valid
contract and imperfect collateral documents.
As a company which is governed by the laws of the Republic of Indonesia, the Bank should always
comply with all such laws and regulations issued by Bank Indonesia as the regulator in the banking
industry in Indonesia. In addition, the Bank should also follow all prevailing rules and regulations in
the society whether directly or indirectly related with the business activities conducted by the Bank.
Failure by the Bank to comply with such prevailing laws and regulations may give rise to litigation
claims against the Bank. If litigation claims against the Bank are material in amounts, then it may
directly affect the Bank’s financial performance.
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NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
46. RISK MANAGEMENT (continued)
e. Legal Risk Management (continued)
In managing the legal risk, Bank performs the following actions:
1) Building a solid legal organization.
2) Give legal protection to all Bank’s management.
3) Review and mitigation of Bank’s products (funding, services and financing) accord with
prevailing laws and regulation.
4) Review and mitigation the relationship of Bank’s legal with third parties to have a strong legal
position.
5) Handling litigation processes accord with prevailing laws and regulation.
6) Give considerable and/or legal opinion for proposed legal cases.
7) Legal mitigation in Corporate Action.
8) Give efforts to increase the legal awareness of Bank’s employees.
9) Developing Legal Risk Profile.
10) Support Management to ensure adequacy of legal documentation, legal risk management and
to support in legal aspect of operational in all business units and Bank’s management to
control a proper legal risks.
f.
Reputation Risk Management
Reputation risk is the risk related to the decreasing level of stakeholders’ confidence arising from
the negative perception on the Bank. Reputation risk is inherent in every activity conducted by the
Bank. The Bank’s failure to protect its reputation in the public’s eye may result in negative view as
well as perception by the public towards the Bank. If the Bank faces this risk then in the short run,
the Bank may lose the customer’s trust that will ultimately result in a negative impact to the Bank’s
income and volume of activities.
Few methods to mitigate the reputation risks conducted by the Bank up to present are as follows:
1) Determining and reviewing risk management policy.
2) Preparing initiative on strategic market communication.
3) Redesigning advertisement of Bank and product and broadcast the advertisement nationally
and locally.
4) Conducting programs on special events.
5) Determining service quality standard through Syariah Service Champion.
6) Monitoring reputation risk exposure through publication report, Complaint Management
System, and Electronic Banking Information System.
g. Strategic Risk Management
Strategic risk is the risk due to inaccuracies in the retrieval and/or implementation of strategic
decisions and a failure to anticipate the changing business environment.
Bank has developed short-term and long-term strategic and business plans. These plans need to
be implemented because as the biggest syariah bank in Indonesia, the Bank has always been
challenged and hard pressed to stay ahead of the competition.
Few methods to mitigate the strategic risks conducted by the Bank up to present are as follows:
1) Determining and reviewing strategic risk management policy.
2) Preparing Bank Business Planning (BBP) consisting of Bank’s goal and strategic initiative. The
BBP has functions as guidance to control strategic risk.
3) The Bank set the business target for regional office based on the BBP.
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PT Bank Syariah Mandiri
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Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
46. RISK MANAGEMENT (continued)
g. Strategic Risk Management (continued)
Few methods to mitigate the strategic risks conducted by the Bank up to present are as follows:
(continued)
4) Informing the business target to all regional offices.
5) Monitoring the performance of all business units through Key Performance Indicator with
balance scorecard method.
6) Preparing core plan for long-term business strategy covering all of business unit together with
external business consultant.
h. Compliance Risk Management
Compliance risk is the risks resulting from the failure of the Bank in fulfilling and/or implementing
the prevailing Indonesian laws and regulations for syariah bank. In engaging in the banking
industry services, the Bank is required to always comply with the banking regulations issued by the
Government, Bank Indonesia and National Syariah Board.
In general, the compliance risk is closely related to the prevailing Indonesian laws and regulations,
which regulate the Bank as a syariah banking institution, such as: credit risks related to Capital
Adequacy Ratio (CAR) regulations; Earning Assets Quality; Provision For Possible Losses On
Earning Assets (PPAP); Legal Lending Limit (BMPK); Good Corporate Governance (GCG); market
risks related to Net Open Position (NOP) regulation, and also strategic risks related to the Bank’s
Business Plan (BBP) regulation, the Annual Business and Budget Plan (RKAT) and other risks
related to certain regulations. The Bank inability to follow and comply with all laws and regulations
related to the banking business activities may affect the continuity of the Bank.
In managing the compliance risk, the Bank performs the following actions:
1) Cooperating with Syariah Supervisory Board in ensuring the compliance of the Bank’s
operation to syariah principle.
2) Improving the understanding of Good Corporate Governance (GCG) and Code of Conduct
(CoC) to management of the Bank through:
a) socialization to management;
b) socialization to each head office division;
c) workshop with regional offices.
3) Strengthening GCG implementation and ensure that all financing debtors to meet all financing
requirement.
4) Preparing report of action plan of GCG to Bank Indonesia, such as:
a) preparation of report on debtors data updating plan;
b) strengthening the corporate secretary and human capital functions as special business
unit for the implementation of GCG and CoC.
5) Improving the Know Your Customer (KYC), Anti Money Laundering (APU) and Prevention of
Financing to Terrorism (PPT):
a) guidelines of APU and PPT;
b) measurement of KYC, APU and PPT index;
c) establishment of Compliance and Customer Identification Unit (UKPN) officers in business
unit;
d) completeness of debtors information;
e) awareness of Money Laundering Criminal Actions (TPPU);
f) implementation of APU and PTT in each branch.
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APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
46. RISK MANAGEMENT (continued)
h. Compliance Risk Management (continued)
In managing the compliance risk, the Bank performs the following actions: (continued)
6) Revising and completing compliance procedure tools by providing a checksheet.
7) Improving the implementation of compliance certificate examination.
8) Empowering the Sharia Compliance Officer to review and analyze the compliance of Bank’s
product/activity to syariah principle.
47. OTHER IMPORTANT INFORMATION
a. Based on management calculation as of December 31, 2013 and 2012, the Bank has capital
adequacy ratio (CAR) of 14.10% and 13.82%, respectively.
b. As of December 31, 2013 and 2012, the Bank has the Classified Earning Assets ratio (APYD)
amounting to 0.96 and 0.97, respectively.
c.
As of December 31, 2013 and 2012 the ratio of non-performing receivables, funds of qardh and
financing (gross) to total receivables, funds of qardh and financing were 4.33% and 2.82%,
respectively, while the ratio of non-performing receivables, funds of qardh and financing (net) to
total receivables, funds of qardh and financing were 2.29% and 1.14%, respectively.
d. In the report of the Legal Lending Limit (BMPK) submitted by the Bank to Bank Indonesia, as of
December 31, 2013, the Bank did not have receivables and financing that exceeds or violates the
BMPK.
e. The issue on Value Added Tax (VAT) on murabahah financing.
In 2004 and 2005 the head office and several branch offices received tax assessments for under
payment of taxes (SKPKB) and tax collection letters (STP) on Value Added Taxes (VAT) for the
tax period January to December 2003 from the Directorate General of Taxes (DGT) with the total
amount of Rp37,649,329,708 in relation to the Bank in performing its intermediary function by
distributing the fund based on syariah principles in the form of murabahah financing. The tax
assessments and tax collection letters consisted of the Jakarta head office of Rp25,542,431,822,
Jambi’s branch offices of Rp1,588,713,232, Solo’s branch offices of Rp5,830,767,262, Bandar
Lampung’s branch offices of Rp2,377,922,133 and Pekalongan’s branch offices of
Rp2,309,495,259.
In relation to the SKPKB and STP, the Bank did not make any payments based on the ground of
uncertainty in the legal status of murabahah financing transactions. There was no specific and
explicit regulations overseeing the syariah bank operation, particularly murabahah financing, and
therefore a process of interpretation was required.
The Bank argued that murabahah financing is a part of banking services as stipulated in Law No. 7
Year 1992 regarding Banking, as amended by Law No. 10 Year 1998 and Law No. 21 Year 2008
regarding Syariah Banking, as such murabahah financing should not be subjected to VAT. This is
in accordance with Law No. 8 Year 1983 as amended by Law No. 18 of 2000 regarding VAT for
goods and services and sales of luxury goods.
DGT believes that murabahah activities undertaken by the Bank is subject to VAT because the
transaction were based on purchasing and selling of goods principles and as such, murabahah
transaction shall not be included as a type of banking services.
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PT Bank Syariah Mandiri
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Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
47. OTHER IMPORTANT INFORMATION (continued)
e. The issue on Value Added Tax (VAT) on murabahah financing (continued).
In 2010, the government issued Laws of Republic of Indonesia No. 2 Year 2010 regarding Change
of Laws No. 47 year 2009 regarding Budget of Government’s Income and Expenses Year 2010
dated May 25, 2010. Article 3 (2) b of the law and the related explanatory paragraph stated that
VAT liabilities for murabahah transaction for several banks were being shouldered by the
government. Based on explanatory paragraph of article 3 (2), the Bank’s VAT that is shouldered by
the government amounting to Rp25,542,431,822 from the total SKPKB and STP received by the
Bank amounting to Rp37,649,329,708 as discussed in the previous paragraph.
Management believes that the difference between VAT shouldered by the government and total
SKPKB and STP received by the Bank shall not be billed to the Bank which is inline with objective
and purposes of the Law.
On October 15, 2009, the government has issued Laws No. 42 year 2009 regarding third change
of Laws No. 8 year 1983 regarding Value Added Tax for Goods and Services and Tax for Sales of
Luxurious Goods which is effective starting from April 1, 2010. The Laws reiterates that financing
based on syariah principles are categorized as services which are not subject to VAT.
f.
Lawsuit between the Bank and PT Atriumasta Sakti
On January 12, 2009, PT Atriumasta Sakti (PT AS) has sued the Bank through the National
Syariah Arbitration Board (BASYARNAS) with case number No.16/Tahun 2008/
BASYARNAS/Ka.Jak. The parties in this suit are PT AS, as an Applicant and the Bank as the
Respondent.
On September 16, 2009, the Arbitration Board of BASYARNAS decided, among others to punish
the Bank to return the fund amounting to Rp878,791,366 (eight hundred seventy-eight million
seven hundred ninety-one thousand three hundred and sixty-six Rupiah) and reimburse to PT AS
other costs incurred as long as these costs are supported by evidence of payment that has been
verified by public accounting firm both for the authenticity of the evidence and the amount of cost
involved cost involved which was estimated at Rp11,647,310,116.
In response to the decision of the Arbitration Board, the Bank has filed a request of appeal to the
Supreme Court through Central Jakarta Religion Court and also has filed Judicial Review in
Supreme court.
The Supreme Court has published the decision No. 56 PK/AG/2011, on December 1, 2011. Court
denied the judicial review that filed by The Bank
As of December 31, 2013 and 2012, the Bank has provided allowance for possible losses on the
lawsuit amounting to Rp12,000,000,000.
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Annual Report 2013
428
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APPROVAL FOR PRINTING
These report is originally issued in the Indonesian language.
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
48. CAPITAL MANAGEMENT
The Bank's capital management policy aims to ensure that the Bank has an efficient capital structure,
has a strong capital to support the Bank’s current business development strategy and to maintain the
continuity of the Bank’s business in the foreseeable future, as well as to meet the capital adequacy set
by the regulator.
Capital Plan is prepared by the Board of Directors as part of the Bank’s Business Plan and is approved
by the Board of Commissioners.
The Bank capital plan is formulated based on the assessment of capital adequacy requirements,
business expansion plan, and the Bank’s liquidity needs.
The capital adequacy ratio of the Bank as of December 31, 2013 and 2012 is as follows (in millions
rupiah):
2013
I.
Constituents Capital
A. Core-capital
Paid in capital
General reserve
Retained earning at beginning of year after tax
Current year net income after tax (50%)
2012
4,391,216
1,489,022
291,649
2,284,925
325,620
3,655,579
1,458,244
231,649
1,562,841
402,845
953,685
911,731
453,685
411,731
500,000
500,000
C. Additional Supplementary Capital
-
-
Total Core, Supplementary and
Additional Supplementary Capital
5,344,901
4,567,310
III. Credit Risk-Weighted Assets
IV. Market Risk-Weighted Assets
37,841,216
63,725
32,916,532
122,534
V.
Total Risk-Weighted Assets
37,904,941
33,039,066
VI.
Capital Adequacy Ratio - credit risk
14.12%
13.88%
14.10%
13.82%
8%
8%
B. Supplementary capital
Allowance for posible losses on
earning assets (general reserve),
maximum of 1.25% weight risk
Subordinate Investment
(maximum 50% from core capital)
II.
VII. Capital Adequacy Ratio - credit and market risk
VIII. Minimum Capital Adequacy Ratio
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PT Bank Syariah Mandiri
429
Annual Report 2013
INDEPENDENT AUDITOR’S REPORT
These report is originally issued in the Indonesian language.
APPROVAL FOR PRINTING
DATE
PT BANK SYARIAH MANDIRI
NAME
NOTES TO FINANCIAL STATEMENTS
POSITION
Years ended
SIGNATURE
December 31, 2013 and 2012
(Expressed in Rupiah unless otherwise stated)
: ______________________________
: ______________________________
: ______________________________
: ______________________________
49. OPINION OF SYARIAH SUPERVISORY BOARD
Based on letter No. 16/01/DPS/I/2014 dated January 3, 2014 and letter No. 15/01/DPS/DPS/1/ 2013
dated January 23, 2013, for the year ended December 31, 2013 and 2012 the Syariah Supervisory
Board (SSB) of the Bank has stated that in general the Bank’s operation and its products have
complied with syariah rule and fatwa issued by the National Syariah Board Indonesian Ulama Council
(DSN-MUI) and opinion of SSB.
50. AGREEMENT AND COOPERATION
On September 9, 2009, the Bank entered into the IT service agreement - Core Banking System (the
Agreement) with PT Anabatic Technologies for period of 12 (twelve) years with a contract value of
USD4,488,000. Up to December 31, 2013, the Bank has made payment of USD2,137,014 (2012:
USD1,873,080) in accordance with the agreement.
51. COMPLETION OF THE FINANCIAL STATEMENTS
The management of the Bank is responsible for the preparation of the financial statements which were
completed and authorized for issue by the management of the Bank on January 22, 2014.
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