Corporate Presentation
3Q-2015
PT Bank Negara Indonesia (Persero) Tbk
< BBNI.IJ >
• Business Update
• 3Q-2015 Result Highlights
• Financial Performance 3Q-2015
• Business & Consumer Banking
• Appendix
– About BNI
– Macro Economy
– 5 years Financial Data
Agenda
Business Update
BNI continues to optimize Balance Sheet
BNI still growing responsibly, with:
• 14.6% Loan Growth
• 13.3% Deposit Growth
• 14.1% Net Interest Income Growth
• Maintain 6,5% in Net Interest Margin
Efficiency program was started to maintain profitability in line with normalizing cost of credit.
Lower write off strategy applied to encourage dicipline within our loan officers for better loan quality ahead
Thousand of Customers have been restructured as a result of pro-active restructuring program
Despite current economic condition, our fundamental operations remain solid and
we remain optimistic about long term growth and achieving our key targets
3Q-2015 Result Highlights
2012 2013 2014 3Q2014 3Q2015 Y.o.Y
ASSET Total Asset (IDR Billion) 333,304 386,655 416,574 408,047 456,463 11.9%
Loan (IDR Billion) 200,742 250,638 277,622 267,942 307,122 14.6%
Third Party Funds (IDR Billion) 257,661 291,890 313,893 308,327 349,437 13.3%
P & L Net Interest Income (IDR Billion) 15,459 19,058 22,376 16,394 18,704 14.1%
Non Interest Income (IDR Billion) 7,256 7,859 9,240 6,530 6,409 -1.9%
Net Profit(IDR Billion) 7,046 9,054 10,783 7,611 5,998 -21.2%
Profitability& Efficiency
NIM 5.9% 6.1% 6.2% 6.1% 6.5%
ROE 20.0% 22.5% 23.6% 22.7% 16.1%
ROA 2.9% 3.4% 3.5% 3.3% 2.5%
CIR 49.5% 46.7% 43.8% 41.9% 43.4%
BOPO 71.0% 67.1% 69.8% 70.6% 78.6%
Asset Quality NPL (Gross) 2.8% 2.2% 2.0% 2.2% 2.8%
NPL (Nett) 0.8% 0.5% 0.4% 0.5% 0.7%
Coverage Ratio 123.0% 128.5% 130.1% 129.0% 139.6%
Liquidity LDR 77.5% 85.3% 87.8% 85.7% 87.7%
LDR – Rupiah 79.1% 85.6% 86.7% 85.7% 89.6%
LDR - FX 68.7% 83.6% 94.5% 86.1% 79.2%
Capital Tier-1 CAR 15.2% 14.2% 15.3% 15.3% 14.7%
Total CAR 16.7% 15.1% 16.2% 16.2% 17.4%
Page 4
Financial Performance
3Q- 2015
Balance Sheet Highlight
[Rp Billion] 2012 2013 2014 3Q2014 3Q2015 Y.o.Y
Total Assets
333,304 386,655 416,574 408,047 456,463 11.9%Placement with other banks & BI
32,621 23,475 14,530 19,893 26,086 31.1%Marketable Securities
[market value] 9,817 8,528 12,743 14,607 8,364 -42.7%Government Bonds
[market value] 38,561 44,884 43,830 42,514 43,991 3.5%Loans
(gross) 200,742 250,638 277,622 267,942 307,122 14.6%Third Party Funds
257,661 291,890 313,893 308,327 349,437 13.3%Deposits from other Banks
3,245 3,185 3,177 3,620 3,779 4.4%Marketable Securities Issued
4,769 6,037 6,158 6,055 7,793 28.7%Borrowings
8,750 18,951 11,212 11,355 8,661 -23.7%Shareholders’ Equity
43,525 47,684 61,095 57,874 63,637 10.0%Segment 2012 2013 2014 3Q2014 3Q2015 Growth
[YoY - %]
Composit ion [%]
Bu si ne ss Ba nk ing
Corporate 40,064 68,385 72,874 69,553 80,420 15.6% 26.2%
SOE 32,171 43,849 46,841 48,291 54,230 12.3% 17.7%
Medium 35,730 30,722 40,324 38,304 46,380 21.1% 15.1%
Small 37,611 41,582 40,374 39,038 38,943 -0.2% 12.7%
SUBTOTAL 145,576 184,538 200,413 195,186 219,973 12.7% 71.6%
Co ns um er
Mortgage 25,286 31,733 33,341 32,769 33,723 2.9% 11.0%
Credit Card 4,934 5,489 7,777 5,952 9,658 62.3% 3.1%
Other
Consumer 10,933 10,310 10,906 10,079 11,471 13.8% 3.7%
SUBTOTAL 41,153 47,532 52,024 48,800 54,852 12.4% 17.9%
Overseas 6,194 7,234 10,082 9,801 15,239 55.5% 5.0%
Subsidiaries 7,819 11,334 15,103 14,155 17,057 20.5% 5.6%
TOTAL 200,742 250,638 277,622 267,942 307,122 14.6% 100.0%
Loan Composition
Loan by Currency
(%)Loan Composition
[%. Rp Billion]Average Yield on Loan
(%) – Bank Only10.6
10.2
10.9 10.8 11.1
2012 2013 2014 3Q2014 3Q2015
87% 85% 85% 86% 84%
13% 15% 15% 14% 16%
2012 2013 2014 3Q2014 3Q2015
Non IDR IDR
Loan Quality – Bank Only
5,152
8,222 5,257
105 160
267
1,655
Beginning Balance
2014
Downgrade Upgrade Installment Paid Off Write Off Ending Balance 3Q15
Corporate 1.9% 2.0% 1.5% 2.1% 1.2%
Overseas 4.3% 0.3% 0.0% 0.0% 0.3%
Middle 3.7% 2.2% 3.0% 3.9% 5.8%
Small 4.6% 3.7% 4.0% 6.0% 5.4%
Consumer 4.6% 4.7% 4.3% 5.7% 6.5%
Total % 3.4% 2.8% 2.6% 3.6% 3.4%
Total (Rp Mn) 6,574 6,747 6,877 9,016 9,990 2012 2013 2014 3Q 2014 3Q 2015
Special Mention by Segment
NPL by Segment
NPL Movement
Corporate 1.5% 1.2% 0.9% 1.3% 1.4%
Overseas 1.4% 1.7% 1.7% 1.7% 1.1%
Middle 4.0% 3.1% 2.6% 2.6% 4.7%
Small 5.5% 5.3% 5.1% 5.6% 6.7%
Consumer 1.5% 1.2% 1.5% 1.7% 2.4%
Total % 2.8% 2.2% 2.0% 2.2% 2.8%
Total (Rp Mn) 5,484 5,198 5,151 5,665 8,222
3Q 2015 3Q 20142012 2013 2014
3,169 3,126 3,552 2,528 1,655 2,038
2,396
2,051
1,287
994 64.3%
76.6%
57.7%
50.9% 60.0%
2012 2013 2014 3Q2014 3Q2015
Write off & Recovery
Write Off (Rp Bn) Recovery (Rp Bn) Recovery vs Write Off
5,484 5,198 5,151 5,665 8,222 6,746 6,679 6,703 7,309
11,476
123.0%
128.5% 130.1%
129.0%
139.6%
2012 2013 2014 3Q2014 3Q2015
Coverage Ratio
NPL (Rp Bn) CKPN (Rp Bn) Coverage Ratio
Loan Quality – Bank Only
2012 2013 2014 3Q 2014 3Q 2015
Write Off (Rp Bn) 3,169 3,126 3,552 2,528 1,655
Recovery (Rp Bn) 2,038 2,396 2,051 1,287 994
Recovery Rate 64.3% 76.6% 57.7% 50.9% 60.0%
2012 2013 2014 3Q 2014 3Q 2015
NPL (Rp Bn) 5,484 5,198 5,151 5,665 8,222
CKPN (Rp Bn) 6,746 6,679 6,703 7,309 11,476
Coverage Ratio 123.0% 128.5% 130.1% 129.0% 139.6%
Progress on Loan Restructuring
955 933 1,060 977 2,541
444 497 797 2,203
4,070
4,715 4,933 5,031
6,688
8,227
6,115 6,370 6,888
9,868
14,838
3Q2014 2014 1Q2015 1H2015 3Q2015
Type of Loan Restructuring
Extention of Loan Maturity, Reduction of Interest Rates and Others
Extention of Loan Maturity and Reduction of Interest Rates
Extension of Loan Maturity
62.3% 71.7%
59.0% 60.4% 56.2%
17.5% 9.8%
24.6% 21.4%
22.4%
20.3% 18.5% 16.4% 18.3% 21.4%
3Q2014 2014 1Q2015 1H2015 3Q2015
Loan Restructuring by Collectibility
NPL
Special Mention Pass
Number of Business Banking Customers that has signed restructured agreement in 3Q-2015:
426 Customers in Special Mention Category with total balance Rp 3,6 Trilion
125 Customers in NPL Category with total balance Rp 1,4 Trilion
Number Consumer Customers that has signed restructured agreement in 3Q-2015:
2304 Customers in Special Mention Category with total balance Rp 116 Billion
977 Customers in NPL Category with total balance Rp 21 Billion
Third Party Funds
By Type
[Rp Billion]By Currencies (%) Cost of Third Party Funds
[%] – Bank OnlyCASA increased Rp 21.6 Trillion or 11.3% Y.o.Y. whereas CASA Ratio increased to 61%
2.7 2.4
3.2 3.2 3.1
2012 2013 2014 3Q2014 3Q2015
87% 84% 86% 86% 82%
13% 16% 14% 14% 18%
2012 2013 2014 3Q2014 3Q2015
Non IDR IDR
Current 73,366 88,183 82,743 80,269 92,978 15.8%
Saving 100,083 111,800 119,779 110,936 119,874 8.1%
Time Deposit 84,212 91,907 111,371 117,122 136,585 16.6%
TOTAL 257,661 291,890 313,893 308,327 349,437 13.3%
CASA Ratio 67.3% 68.5% 64.5% 62.0% 60.9%
2012 2013 2014 3Q 2014 3Q 2015 YOY
Profit & Loss Highlight
[Rp Billion] 2012 2013 2014 3Q2014 3Q2015 Y.o.Y
Interest Income
22,705 26,451 33,365 24,413 26,994 10.6%Interest Expense
(7,246) (7,392) (10,989) (8,019) (8,290) 3.4%Net Interest Income
15,459 19,058 22,376 16,394 18,704 14.1%Premium Income Net
*) 256 494 133 96 791 724.0%Non Interest Income
7,256 7,859 9,240 6,530 6,409 -1.9%Operating Income
22,972 27,412 31,748 23,021 25,904 12.5%Operating Expense
(11,805) (13,485) (14,760) (10,271) (11,957) 16.4%Pre-Provision Income
11,166 13,926 16,988 12,749 13,947 9.4%Provisioning
(2,525) (2,708) (3,642) (3,308) (6,403) 93.6%Non Operational Income/(Expense)
259 59 178 152 52 -65.8%Net Income before Tax
8,900 11,278 13,524 9,593 7,596 -20.8%Net Income
7,046 9,054 10,783 7,611 5,998 -21.2%Net Income Per Share
(full amount) 378 486 578 408 322 -21.2%*) We offset Premium Income with Insurance Expense from Non Interest Income & Operating Expense since 1H 2015
Account Maintenance
18%
Debit Card Maintenance
3%
Card Business 18%
Marketable Securities
2%
Forex Gain 5%
ATM 14%
Bank Guarantee
5%
Trade Finance 5%
Transfer & Bill Payment
3%
Remittance Others 2%
Bancassurance8%
5%
Custody &
Syndication 5%
Services Fee 7%
Non Interest Income
Breakdown Non Interest Income
[Rp Billion]Breakdown
[Rp Billion, %]Breakdown recurring fee
7,256 7,859 9,240 6,530 6,409
43.5%
50.9% 54.4% 54.9%
65.9%
16.4% 6.8% 9.7% 9.1%
1.7%
2.8% 6.8%
7.5% 8.9% 10.1%
28.1% 27.2% 20.1% 19.7% 15.5%
9.2% 8.3% 8.3% 7.3% 6.7%
2012 2013 2014 3Q 2014 3Q 2015
Provision & Commissions Gain/Loss on MS
Forex Gain Recovery
Others
Total = Rp 4,825 Billion
Recurring Fee 4,995 5,499 6,744 4,795 4,825 Non Recurring Fee 222 223 639 448 590 Recovery 2,038 2,138 1,856 1,287 994 Total 7,256 7,859 9,240 6,530 6,409 2012 2013 2014 3Q 2014 3Q 2015
49.5
46.7
43.8 41.9 43.4
2012 2013 2014 3Q2014 3Q2015
Operating Expense
Key highlights of OPEX
[Rp Billion]Cost to Income Ratio – Bank Only [%]
Rental Expenses
22%
Outsourcing
21% Communicatio
ns 22%
Depreciations 16%
Repairs &
Maintenance 10%
Office Supplies 9%
Breakdown General & Administrative Expenses
Total = Rp 4,033 Billion
33.2% 33.7% 34.5% 34.8% 33.7%
47.3% 45.1% 45.9% 46.0% 45.9%
6.9% 6.9% 5.7% 5.2% 4.4%
3.9% 3.8% 4.0% 4.3% 3.8%
0.7% 0.6% 1.2%
8.7% 10.5% 9.2% 9.2% 11.0%
2012 2013 2014 3Q2014 3Q2015
G&A Personel Exp
Promotion Exp Gtee Premium to LPS
OJK Fee Others
11,805 13,485 14,760 10,271 11,957
Business & Consumer Banking
Corporate Business
By Sector Economy
Sectors *)
(Rp Billion) 2013 2014 3Q2014 3Q2015 Growth
Y.o.Y
Compos ition
Manufacturing 32.412 36.625 32.339 48.232 49,1% 32,2%
Trading, Resto & Hotel 8.499 7.462 7.465 9.008 20,7% 6,0%
Agriculture 14.288 19.779 18.628 21.195 13,8% 14,1%
Business Services 12.715 13.283 13.827 13.567 -1,9% 9,1%
Transport, Warehouse
and Communications 14.652 14.921 16.036 16.744 4,4% 11,2%
Construction 2.803 2.477 2.818 5.837 107,1% 3,9%
Electricity, Gas and Water 12.346 13.682 15.856 15.571 -1,8% 10,4%
Mining 14.151 16.435 13.699 13.617 -0,6% 9,1%
Social Services 1.054 1.392 1.528 1.425 -6,7% 1,0%
Others 6.547 3.741 5.449 4.693 -13,9% 3,1%
Total Corporate & SOE 119.468 129.797 127.645 149.889 17,4% 100,0%
71% 70% 70% 73% 69%
29% 30% 30% 27% 31%
2012 2013 2014 3Q2014 3Q2015
By Currency Foreign Currency Rupiah
64% 65% 62% 67% 61%
36% 35% 38% 33% 39%
2012 2013 2014 3Q2014 3Q2015
By Type Investment
Working Capital
23% 26% 23% 30% 29%
25% 26% 27% 23% 19%
21% 19% 19% 17% 17%
15% 17% 17% 16% 19%
15% 13% 15% 14% 16%
2012 2013 2014 3Q2014 3Q2015
Infrastructure Loan (Rp Billion)
Telecommunication Transportation Toll Road & Construction Oil & Gas Power Plant
*) include Overseas
43.489 53.054 54.119 59.789 63.726
Medium & Small Business
69% 70% 72% 69% 70%
31% 30% 28% 31% 30%
84% 85% 85% 84% 84%
16% 15% 15% 16% 16%
2012 2013 2014 3Q2014 3Q2015
By Type
Investment Small Working Capital Small 5,622 4,821 3,985 4,091 2,699
103 114
101 108
65
2012 2013 2014 3Q2014 3Q2015
Government Program
Govt. Program (Rp Bn) Customers (000)
24
19 23 23
Medium (Rp Billion);
24
290 291 312 279
Small (Rp Million);
403
2012 2013 2014 3Q2014 3Q2015
Average Balance per Customer By Sector Economy
Sectors
(Rp Billion) 2013 2014 3Q2014 3Q2015 Growth
Y.o.Y
Compos ition
Manufacturing 13.202 15.507 15.017 16.770 11,7% 19,7%
Trading, Resto & Hotel 30.817 33.940 32.017 34.966 9,2% 41,0%
Agriculture 4.302 4.321 4.369 4.381 0,3% 5,1%
Business Services 7.475 8.652 8.220 9.741 18,5% 11,4%
Transport, Warehouse
and Communications 4.229 5.239 4.940 5.247 6,2% 6,2%
Construction 6.812 6.800 6.641 7.528 13,4% 8,8%
Electricity, Gas and Water 436 532 518 806 55,5% 0,9%
Mining 1.509 1.949 1.778 1.790 0,7% 2,1%
Social Services 3.497 3.730 3.818 4.052 6,1% 4,7%
Others 23 29 23 42 80,4% 0,0%
Total Medium & Small 72.304 80.699 77.342 85.323 10,3% 100,0%
Small
--- Medium
Consumer Business
2.0
1.4
1.9
1.8
2.9
2.3 2.3 2.2
1.6
2.6
0.6
0.1
0.5 0.5 0.5
2012 2013 3Q 2014 2014 3Q 2015
NPL by product (%)
Mortgage Credit Card Auto
Product
(Rp Billion) 2012 2013 2014 3Q2014 3Q2015 GROWTH
[YoY - %]
Composition
[%]
Mortgage 25,286 31,733 33,341 32,769 33,723 2.9% 61.5%
Auto Loan 6,665 5,821 6,041 5,421 5,486 1.2% 10.0%
Credit Card 4,934 5,489 7,777 5,952 9,658 62.3% 17.6%
Multi Purpose 174 138 82 97 62 -36.1% 0.1%
Cash Collateral 709 665 576 558 545 -2.3% 1.0%
Payroll 830 926 1,265 1,135 2,353 107.3% 4.3%
Others 2,555 2,760 2,942 2,868 3,025 5.5% 5.5%
Total Consumer 41,153 47,532 52,024 48,800 54,852 12.4% 100.0%
In 2015, Consumer Business will focus on
1. Mortgage, Credit Card and Payroll
2. Increase transaction volume through e-channel optimization 3. Maintain NIM and NPL
11,874 13,037 10,139
9,731 10,724 1,725 1,616
1,650 1,610 1,656
4,673
6,757 9,938
7,293 8,331
17,856
20,228
24,716
16,441
24,036
2012 2013 2014 3Q2014 3Q2015
Debit & Credit Cards Performance
Credit Card Accts (000) Debit Card Accts (000) DC Trx Vol (Rp Bn) CC Trx Vol (Rp Bn)
42,678 56,272 71,007 67,557 83,483 27,370
33,006
36,638
26,442 26,462
2012 2013 2014 3Q2014 3Q2015
Acquiring Business
Number of EDC Sales Vol (Rp Bn)
E-Banking
E-Banking fees a significant and growing part of our Non
Interest Income
424 552
793
530 817
12 13 14 3Q14 3Q15
Total Fee Income related to E-Banking
(Rp Billion)
3.2 3.5 4.7 4.6 5.2
12 13 14 3Q14 3Q15
SMS Banking
#User (million)
655 611 820 739 992
12 13 14 3Q14 3Q15
Internet Banking
#User (000)
501 619
750
533 626
12 13 14 3Q14 3Q15
ATM
#Transaction (Million)
91 134
185
131 184
12 13 14 3Q14 3Q15
SMS Banking
#Transaction (Million)
6 9
14
10 14
12 13 14 3Q14 3Q15
Internet Banking
#Transaction (Million)
287 350 424
336 391
12 13 14 3Q14 3Q15
ATM
#Trx Value (Rp Triliun)
7
17 18
13 18
12 13 14 3Q14 3Q15
SMS Banking
#Trx Value (Rp Triliun)
25 38 53
38 50
12 13 14 3Q14 3Q15
Internet Banking
#Trx Value ( Rp Triliun) 8.2
11.2 14.1
11.4 14.2
12 13 14 3Q14 3Q15
ATM
#ATM (000)
Thank you
PT Bank Negara Indonesia (Persero) Tbk Investor Relations Group
Corporate Secretary & Communications Division, BNI Building, 24th Floor
Jl Jend Sudirman kav. 1 Jakarta 10220 T: 62-21-5728449
F: 62-21-5728053
Disclaimer: This report has been prepared by PT Bank Negara Indonesia (Persero) Tbk (Bank BNI) independently and is circulated for the purpose of general information only, It is not intended to the specific person who may receive this report, The information in this report has been obtained from sources which we deem reliable, No warranty (expressed or implied) is made to the accuracy or completeness of the information, All opinions and estimations included in this report constitute our judgment as of this date and are subject to change without prior notice, We disclaim any responsibility or liability without prior notice of Bank BNI and/or their respective employees and/or agents whatsoever arising which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither Bank BNI and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise,
About BNI
Board of Directors
Achmad Baiquni President Director
Previously: CFO of BRI, MD of BNI
Suprajarto
Vice President Director
Previously: MD of BRI
Rico Budidarmo Chief Financial officer
Previously: MD of BTN
Herry Sidharta
MD – Business Banking 1
Previously: Director of JAMKRINDO
Sutanto
MD – Business Banking 2
Previously: MD of BNI
Adi Sulistyowati
MD – Channel & Services
Previously: GM Network, Region Head
Anggoro Eko Cahyo MD – Consumer Banking
Previously: GM Human Capital, Region Head
Bob Tyasika Ananta MD – Operation & IT
Previously: GM Strategic
Planning, GM International Division
Imam Budi Sarjito
MD – Compliance & Risk Mgt
Previously: GM Enterprise Risk Mgt, Commissioner of BNI Syariah
Board of Commissioners
Pradjoto
Vice President Commissioner
Previously: Commissioner of Bank Mandiri 2005-2015
Daniel Theodore Sparringa Commissioner
Currently: Lecturer at University of Airlangga, Surabaya
Kiagus Ahmad Badaruddin Commissioner
Currently: Secretary General of Ministry of Finance
Anny Ratnawati
Independent Commissioner
Previously: Deputy Ministry of Finance, 2010-2014
Jos Luhukay
Independent Commissioner
Previously: Vice President Director of Bank Danamon
Zulkifli Zaini
Independent Commissioner
Previously: CEO of Bank Mandiri, Commissioners of PLN
Revrisond Baswir
Independent Commissioner
Currently: Head of Population Economy Studies, University of Gadjah
Mada, Commissioners of PTPN XI
Pataniari Siahaan Commissioner
Currently: Lecturer at University of Trisakti
Network & Distribution
BNI’s multiple touch points for individual and corporate customers
Individual customer highlights
15,5 mn deposit accounts
1,7 mn credit cards
161.083 mortgage customers
Corporate/SME customer highlights
Mobile
banking Call Center Consumer loan
centers (12) ATMs
(14.219)
Outlets (1795)
Small business centers
(58)
Medium business centers
(24)
Indonesia (1789 Outlets)
Overseas offices Singapore (Nov 1955) Hong Kong (Apr1963)
Tokyo (Sep 1969) & Osaka (2013) London (1987)
New York Agency (Apr 1971)
BNI has also entered into key arrangements with prominent companies for
payment channeling, financing, loan distribution, and
network/outlet development
Platform for efficient and effective cross-selling of products and services
383.752 corporate deposit accounts
1.926 corporate borrowers accounts
124.037 SME lending accounts
BNI Ratings
2007 2015
Fitch Rating
National long term rating
Long term foreign & local currency Short term foreign & local currency Individual rating
Subordinated debt
AA- (idn) BB/Stable
B D BB-
AA+ (idn) BBB-/Stable
F3 WD
--
Standard & Poor's Credit rating
Long term issuer credit rating Subordinated rating
BB-/Stable/B BB-
B
BB/Positive/B BB
--
Moody's
Bank Deposits Senior Unsecured
Bank Financial Strength Rating Outlook
B1 Ba2
D- Stable
Baa3 Baa3 D+
Stable
Pefindo Corporate rating / Outlook Bond 1
Subordinated
id
AA-/Stable
id
AA-/Stable
id
A+/Stable
id
AAA/Stable
-- --
BNI Shares
BBNI shares performance BBNI Public Ownerships [40.00%]
BNI’s close price September 30, 2015 (Rp 4,135) was 25.1% lower than on
September 30, 2014 (Rp 5,525) Ownerships %
Government RI 60.00%
Public – Domestic 13.00%
Public - Foreign 27.00%
As September, 2015
Issued shares 18.648.656.458 shares
Price [September 30, 2015] : Rp 4,135
Market Capitalization : Rp. 77.1 trillion [+/- US$ 5,7 billion]
Individual Domestic
5%
Cooperation 0%
Foundation 0%
Pension Fund 3%
Insurance Bank 6%
0%
Institution - Domestic Other 7%
Institution 0%
Mutual Fund 12%
Individual Foreign
0%
Institution - Foreign
68%
Macro Economy
Macro & Banking Sector
Indonesia Trade Balance
(in USD Billion)
GDP Component by Expenditure
Source: Bank Indonesia, BPS
Foreign Reserve
(in USD Billion)and Exchange Rate
(in IDR/USD)Interest Rate and Inflation
%YoY
-24% -25% -24% -24% -21%
26% 25% 25% 24% 22%
32% 33% 33% 33% 32%
9% 9% 9% 10% 9%
56% 55% 55% 55% 55%
6.17% 6.03%
5.58%
5.02%
4.71%
2011 2012 2013 2014 2Q2015
Private Consumption Govt. Spending Fix.Cap. Formation Export
Import (0.29)
0.05
(0.31) (0.26)
0.02
(0.42) 0.19
0.64 0.66 1.02
0.48 1.08
0.47 1.30
0.43
3.79
YoY Inflation, 7.26 6.00
BI Rate, 7.50
4.50
FASBI Rate, 5.50
2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Ags-15 Sep-15
110 113 99 112 114 116 112 111 111 108 108 105 102
9,069
12,171 12,672 13,074 13,224 13,481
14,657
2011 2012 2013 2014 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sept-15
Foreign Reserve Exchange Rate
Banking Sector Highlights
Banking Sector Highlights in IDR Trillion
MACROECONOMIC 2015
BNI VIEW
2016 BNI VIEW GDP Growth (%) 5.0-5.5 5.0 – 5.5 Inflation (%) 4.5 – 5.5 4.0 – 5.0 Currency (IDR/USD) 13,500-14,000 14.000 – 14.500
BI Rate (%) 7.5 – 8.0 7.0 – 8.0
BANKING SECTOR 2015 BNI VIEW
206 BNI VIEW Loan Growth (%) 10.0 – 12.0 12.0 – 15.0 Deposit Growth (%) 13.0 – 15.0 13.0 – 15.0
Macro & Banking Assumptions
As of July 2015, Indonesia Banking Loan grew at 9.7% yoy, while year to date growth at 4.4%.
Deposit growth of 14,3% yoy improve liquidity situation
Industry NPL’s as of July 2015 jump to 2.70% from 2,24% in July 2014 last year
NIM increase more than 112 bps to 5.32% in July 2015 compare to July 2014 level (4,20%)
Source: Bank Indonesia & BNI estimate
Dec-12 Dec-13 July-14 Dec-14July-15 YoY ∆ YTD ∆ Total Assets 4,263 4,954 5,131 5,615 5,926 15,5% 5.5%
Total Loan 2,708 3,293 3,495 3,674 3,834 9.7% 4.4%
Total Deposits 3,225 3,664 3,787 4,114 4,329 14.3% 5.2%
NIM 5.49% 4.89% 4,20% 4.23% 5,32%
NPL 1.87% 1.77% 2,24% 2.20% 2,70%
LDR 84.0% 89.7% 92,2% 89.4% 88,5%
CAR 17.4% 18.1% 19,4% 19.4% 20,8%
5 years Financial Data
Balance Sheet
(Rp Billion) – Cumulative 2010 2011 2012 2013 2014 3Q2014 3Q2015 Y.o.Y
Total Assets
248,581 299,058 333,304 386,655 416,574 408,047 456,463 11.9%Placement with other banks & BI
38,385 49,329 32,621 23,475 14,530 19,893 26,086 31.1%Marketable Securities
[market value] 13,229 7,668 9,817 8,528 12,743 14,607 8,364 -42.7%Government Bonds
[market value] 32,556 36,958 38,561 44,884 43,830 42,514 43,991 3.5%Loans
[gross] 136,357 163,533 200,742 250,638 277,622 267,942 307,122 14.6%Third Party Funds
194,375 231,296 257,661 291,890 313,893 308,327 349,437 13.3%Deposits from other Banks
3,476 7,019 3,245 3,185 3,177 3,620 3,779 4.4%Marketable Securities Issued
1,277 265 4,769 6,037 6,158 6,055 7,793 28.7%Borrowings
5,473 8,726 8,750 18,951 11,212 11,355 8,661 -23.7%Shareholders’ Equity
33,150 37,843 43,525 47,684 61,095 57,874 63,637 10.0%Profit & Loss
[Rp Billion] 2010 2011 2012 2013 2014 3Q2014 3Q2015 Y.o.Y
Interest Income
18,837 20,692 22,705 26,451 33,365 24,413 26,994 10.6%Interest Expense
(7,100) (7,496) (7,246) (7,392) (10,989) (8,019) (8,290) 3.4%Net Interest Income
11,737 13,196 15,459 19,058 22,376 16,394 18,704 14.1%Premium Income Net *)
(15) 128 256 494 133 96 791 724.0%Non Interest Income
5,716 6,563 7,256 7,859 9,240 6,530 6,409 -1.9%Operating Income
17,438 19,887 22,972 27,412 31,748 23,021 25,904 12.5%Operating Expense
(8,300) (10,224) (11,805) (13,485) (14,760) (10,271) (11,957) 16.4%Pre-Provision Income
9,138 9,663 11,166 13,926 16,988 12,749 13,947 9.4%Provisioning
(3,629) (2,421) (2,525) (2,708) (3,642) (3,308) (6,403) 93.6%Non Operational Inc/(Exp)
(24) 219 259 59 178 152 52 -65.8%Net Income before Tax
5,485 7,461 8,900 11,278 13,524 9,593 7,596 -20.8%Net Income
4,102 5,826 7,046 9,054 10,783 7,611 5,998 -21.2%Net Income Per Share
(full amount) 266 312 378 486 578 408 322 -21.2%*) We offset Premium Income with Insurance Expense from Non Interest Income & Operating Expense since 1H 2015
Financial Ratios
[%] 2010 2011 2012 2013 2014 3Q2014 3Q2015 YoY
CAPITAL
Shareholders equity to total assets 15.7 13.0 13.4 12.7 14.3 13.7 13.8
Tier I – CAR (include operational risk) 16.6 15.9 15.2 14.2 15.3 15.3 14.7
Tier II – CAR (include operational risk) 2.0 1.8 1.5 0.9 0.9 1.0 2.8
Total CAR (credit, market + operational risk) 18.6 17.6 16.7 15.1 16.2 16.2 17.4
ASSET QUALITY
Net Non Performing Loan 1.1 0.5 0.8 0.5 0.4 0.5 0.7
Gross Non Performing Loan 4.3 3.6 2.8 2.2 2.0 2.2 2.8
Allowance for possible loan losses to gross
NPL 120.6 120.8 123.0 128.5 130.1 129.0 139.6
Financial Ratios
[%] 2010 2011 2012 2013 2014 3Q2014 3Q2015 YoY
RENTABILITY
*)ROA 2.5 2.9 2.9 3.4 3.5 3.3 2.5
ROE 24.7 20.1 20.0 22.5 23.6 22.7 16.1
Net Interest Margin 5.8 6.0 5.9 6.1 6.2 6.1 6.5
EFFICIENCY
Cost to Income Ratio 51.3 49.8 49.5 46.7 43.8 41.9 43.4
Operating Expense to Operating Income
[BOPO] 76.0 72.6 71.0 67.1 69.8 70.6 78.6
LIQUIDITY
Loan to Deposit Ratio 70.2 70.4 77.5 85.3 87.8 85.7 87.7
COMPLIANCE
Statutory Reserve Requirement (Rupiah) 8.2 8.7 8.5 8.1 8.1 8.1 8.1
Net Open Position 4.4 2.8 2.1 3.4 1.6 1.5 1.9
*)Based on BI Formula – Bank Only
