Ar 2020 BTPN Eng 14 April

NAVIGATING THROUGH
THE CHALLENGE
OF GROWTH
Annual Report
NAVIGATING THROUGH
THE CHALLENGE
OF GROWTH 1
2020 Annual Report PT Bank BTPN Tbk

In a challenging global situation, BTPN continues to
maintain its commitment to sustainable growth and
value creation for stakeholders. BTPN continues to align
and strengthen its business in various segments, from
productive poor community, retail, to corporations. In the
midst of the COVID-19 pandemic, BTPN gives priority to
the health and safety of employees and customers, and
focuses on efforts to maintain credit quality and customer
relationships for the long term. At the same time, BTPN is
intensifying the development of the Jenius digital banking
platform to support BTPN’s future business growth.
Contens
1 Theme
NAVIGATING THROUGH
THE CHALLENGE OF GROWTH
Main
10 Highlights
12 Performance 2020
14 Financial Highlights
18 Share Performance
19 Corporate Action
19 Issuance of Bonds/Sukuk
20 Bonds and Sukuk Overview
22 Event Highlights in 2020
24 Awards & Certification
26 Management Report
28 Report from The Board of Commissioners

36 Report from The Board of Directors
52 Statement of Member of the Board of
Commissioners and Member of the Board of
Directors
Company
54 Profile
56 General Information of The Company

57 Brief History of The Company
58 Milestones
60 Line of Business
61 Products and Services
62 Organizational Structure
64 Vision, Mission & Main Values
66 Profile of The Board of Commissioners
71 Profile of The Board of Directors
81 Audit Committee
83 Risk Monitoring Committee
85 Remuneration and Nomination Committee
86 Integrated Governance Committee
88 Profile of Executive Officers
Business Support
228 Review
91 Employee Statistics 230 Human Resources

97 Ownership Structure 234 Information Technology
and Operations
98 Composition and Profile of the Shareholders
234 Information Technology
98 Information on Ultimate Parent Entity
240 Operations
99 Information on Majority Shareholders
102 List of Subsidiaries
102 Branch Offices
103 Chronology of Share Listing
GOOD CORPORATE
104
105
Chronology of Other Securities Listing
Names and Addresses of Capital Market
242 GOVERNANCE
Institutions and/or Supporting Institutions
106 Information on The Corporate Website
244 The Principles In GCG Implementation
246 Objectives of GCG Implementation
246 GCG Structure
Management 247 GCG Implementation and Commitment
108 Discussion and
Analysis
253 Commitment to GCG Implementation in
The Year 2021
3
110 Economic and Banking Industry Review
110 Developments in the Economy
Corporate Social

112
114
Developments in the Industry
Business and Operations Review
340 Responsibility
114 Business Performance By Business
Segment
114 Retail Banking 342 Implementation of Corporate Social
Responsibility
115 Digital Banking – Jenius
343 Corporate Social
118 Digital Banking - BTPN Wow!
Responsibility Governance
119 Retail Lending Business
346 Corporate Social Responsibiity in
120 Wealth Management Business the Field of Human Rights
122 Micro Business 348 Corporate Social Responsibility
124 Business Banking in the Field of Fair Operation
124 Corporate Banking 349 Corporate Social Responsibility in the
127 Treasury Environmental Field
129 Shariah Banking 351 Corporate Social Responsibility
in the Fields of Labor and Occupational
131 Profitability by Business Segment
Health & Safety
132 Financial Performance Review
353 Corporate Social Responsibility
151 Marketing Aspect to Customers
354 Corporate Social Responsibility in the Field
of Community Social Development
Risk
152 Management
2020 Financial
154 Risk Management Policies
355 Statements
155 Risk Management Governance
155 Risk Management Organization
155 Risk Management Implementation 361 Audited Consolidated Financial Statements
of 2020
156 Focus in 2020
597 Attachment
158 Result of Risk Management Implementation
Financial Services Authority Circular Letter
Review
No. 9/Seojk.03/2020 Concerning
158 Internal Control System Transparency and Publication of
159 Disclosure of Capital Conventional Commercial Bank Reports
173 Disclosure of Risk Exposure 601 SEOJK Reference
No. 30-SEOJK.04-2016:
Annual Report of Public Companies
Continuing Post-
Merger Strategic
Initiatives
Following the completion of the post-merger
‘stabilization’ stage, BTPN continues with the
‘synergize’ stage throughout 2020, and then the
‘scale-up’ stage for the following years.
4
Synergize
Combining existing assets to
increase cross-selling, to serve

new segments, and to reduce
expenses.
Scale-Up
Creating new driving-force for
growth and profitability, including
enhancement of the Jenius
business model and continuing
digital transformation in all
business segments.
Third Party Funds Loans Total Assets
15.93% 3.91% 0.84%
100.79 Trillion 136.21 Trillion 183.17 Trillion

The Bank’s positive
capital-growth.
4.74%
Rp 32.96 Trillion
Pre-Provision
Operating Profit can
be maintained at the
same level as last
year.
Rp 5.43 Trillion
Adapting to
Crisis
BTPN reacts quickly to the outbreak of COVID-19
pandemic to cope with the impact and to embrace
the reality of ‘new normal’ in 2020 by adopting
various efforts to adapt and at the same time to
maintain its growth.
6
Employee Care
Implementing various
initiatives to protect
employee health while
maintaining productivity. Customer Care
In all branches, protecting
customers, by implementing
health protocols while
providing services to them.
Community Care
Implementing credit
restructuring program
to assist customers in
maintaining their business.
Third Party Funds
(Rp Billion)
Rp100.79 Trillion
100,789
86,939
70,845
Third Party Funds grew 15.93%

compared to the previous year’s position.
Rp1.69 Trillion
2018 2019 2020
7
The Bank’s other operating income

grew 4.47%
Strengthening the
Foundation for Future
Growth
The condition of the COVID-19 pandemic shows the
effectiveness of digital banking services in everyday
life, and gives urgency to the Jenius platform
development strategy to support BTPN’s business
going forward.
8
Jenius’ customers in
2020 was recorded
at 3.1 million
customers, grew by
26.92% from the

previous year.
Development of new
features (Jenius Bisnis
and Bisniskit, personal
financial management,
QRIS, etc.).
Jenius for Business is designed
as partner and starter kit for dig-
ital-savvy who want to start and
grow business.
Jenius For Business Funding through Jenius has

grown positively. The 2020’s
position
This feature helps Rp13.28 trillion

Indonesian digital-savvy
to manage cash flow in a
more convenient way by 9
automatically recording

their expenses and incomes
through Jenius app.
Moneytory
MAIN
HIGHLIGHTS
12 Performance 2020
14 Financial Highlights
18 Share Performance
19 Corporate Action
19 Bonds/Sukuk Issuance
20 Bonds and Sukuk Overview
22 Event Highlights in 2020
24 Awards & Certification
Going forward, the foundation for the

Bank’s performance is getting stronger,
especially supported by the corporate
segment and digital development, where
the Bank is currently the leading player in
digital banking.
Main Highlights
Performance 2020
Throughout 2020, BTPN has

managed to maintain a stable
business performance despite the
pressure of the crisis.
The Bank’s ability to generate
profits remains stable.
12 Net Interest Income Other Operating Expenses Ne Profit for the Year
Rp 10.62 Trillion Rp 6.88 Trillion Rp 2.01 Trillion

Supported by lower cost Other Operating Expenses In the midst of the challenges
of funds in line with lower decreased by 3.46% of the COVID-19 pandemic,
benchmark interest rates. compared to the previous the Bank continues to post
year. net profit.
CAR LCR NPL (Gross)
25.55%
Capital Adequacy Ratio
281.70%
The Bank managed to keep
1.21%
The Bank managed to keep
increased from 24.24% at the the LCR rate above the the NPL (Gross) at a low level
end of the previous year. minimum requirement of amid the COVID-19 situation.
100%.
Efficiency
The Bank succeeded in reducing operating
expenses (excluding Allowance for
Impairment Losses).
536
The Bank has 536 branch offices
to serve customers in Indonesia.
The Bank’s intermediary
function continues to run well.
13
Loans Third Party Funds
Rp136.21 Trillion Rp100.79 Trillion

Selective lending in the The Bank succeeded in
midst of a pandemic. Credit increasing the collection of TPF.
quality is well maintained.
Business Segment CASA Balance

Growth Growth
Corporate and Sharia Current Account and Saving

segments Loan grew by 3.87% Account balances grew
and 5.81% respectively. 13.32% compared to last
year’s position.
Main Highlights
Financial
Highlights
(Rp million, unless stated otherwise)
Description 2020 2019 11) 2018 2017
Balance Sheet
Total Assets 183,165,978 181,631,385 101,341,224 95,041,593
Earning Assets 1)
176,915,917 173,854,020 94,345,608 88,263,211
Loans 2) 136,212,619 141,760,183 68,136,780 65,351,837
Deposits from Customers 3)

100,788,906 86,939,479 70,844,712 67,918,073
Borrowings 37,176,039 44,086,343 8,442,765 5,208,640
Securities Issued 993,045 3,190,628 1,197,442 2,543,401
Investment in Shares 22,522 22,522 22 22
Total Liabilities 3)
150,201,225 150,159,457 82,554,894 78,289,053
Total Shareholders’ Equity 4) 32,964,753 31,471,928 18,786,330 16,752,540

14 Number of Shares Issued and Fully Paid (in units) 8,148,931,869 8,148,928,869 5,851,646,757 5,840,287,257
Income statement
Interest Income 16,403,483 18,680,979 14,126,651 14,046,062
Interest Expenses (5,779,055) (7,689,284) (4,526,243) (4,524,452)
Net Interest Income 10,624,428 10,991,695 9,600,408 9,521,610
Other Operating Income 1,688,837 1,616,578 600,139 469,537
Other Operating Expenses (6,883,113) (7,129,872) (5,877,519) (6,915,102)
Allowance for Impairment Losses (2,799,638) (1,445,882) (1,375,272) (1,097,619)
Net Operating Income 2,630,514 4,032,519 2,947,756 1,978,426
Profit Before Income Tax 2,633,076 4,018,922 2,919,428 1,936,845
Net Profit for the Year 2,005,677 2,992,418 2,128,064 1,421,940
Net Profit Attributable to
- Owners of Parent 1,749,293 2,572,528 1,838,471 1,220,886
- Non-Controlling Interest 256,384 419,890 289,593 201,054
Other Comprehensive Income/Loss 24,198 (14,596) 238,280 (13,449)
Total Comprehensive Income 2,029,875 2,977,822 2,366,344 1,408,491
Total Comprehensive Income Attributable to
- Comprehensive Income 1,776,256 2,555,357 2,065,220 1,211,719
- Non-Controlling Interest 253,619 422,465 301,124 196,772
Earnings per Share (full amount) 217 327 320 213
Notes:
1. Including Sharia financing/receivables, current accounts wit BI and other banks, placements with BI and other banks, securities, investment
in shares, acceptance receivables, reverse repo and derivative receivables
2. Including Sharia financing/receivables
3. Including temporary syirkah funds
4. Including non-controlling interests
5. Including credit and operational risks
6. RoA before tax
7. The BOPO ratio is calculated in accordance with new POJK (Antasena)
8. LDR (exclude Loan to Bank)
9. Including Payment Points & Functional Offices
10. Including BTPN Syariah
11. Certain accounts in the comparative information have been reclassified to conform with the presentation of the consolidated statements of
profit or loss and other comprehensive income for the year ended 31 December 2020.
Description 2020 2019 11) 2018 2017
Financial Ratios (in %)

Capital
Capital Adequacy Ratio (CAR) 5) 25.6 24.2 24.6 24.1
Earning Assets
Non-performing earning assets and non-earning assets to total 0.6 0.5 0.9 0.7
earning assets and non-earning assets
Non-performing earning assets to total earning assets 1.0 0.7 1.0 0.7
Allowance for Impairment Losses for financial assets to earning 2.0 0.9 1.3 1.0
assets
NPL Gross 1.2 0.8 1.2 0.9
NPL Net 0.5 0.4 0.5 0.4

15

Profitability
Return on Assets (ROA) 6) 1.4 2.3 3.0 2.1
Return on Equity (ROE) 6.1 9.9 11.6 8.2
Net Interest Margin (NIM) 6.1 6.9 11.3 11.6
Liabilities to Assets ratio 82.0 82.7 81.5 82.4
Liabilities to Equity ratio 481.2 502.7 468.9 486.8
Operating Expenses to Operating Revenues 89.5 83.4 80.1 86.5
Cost of Funds 3.8 5.4 5.9 6.1
Liquidity
Loan to Deposit Ratio (LDR) 8) 134.2 163.0 96.2 96.2
Compliance
Percentage Violation of Legal Lending Limit
Related Parties - - - -
Non-Related Parties - - - -
Percentage Lending in Excess of the Legal Lending Limit
Related Parties - - - -
Non-Related Parties - - - -
Primary Statutory Reserve 3.2 6.2 6.6 6.6
Foreign Currency Reserve 4.0 8.0 8.3 8.4
Net Open Position 0.4 0.1 0.4 0.4
Others
Number of Branches 9) 536 579 795 939
Number of ATM and TCR 227 226 227 207
Number of Employees 10) 19,370 19,235 19,175 20,912

Main Highlights
15.93%
Third Party Funds
16
Growth
1.21%
Loan Quality
(NPL-Gross Ratio)
Rp 32.96trillion
Total Equity
0.84%
Asset Growth
25.55%
Capital Adequacy
Ratio (CAR)
Net Profit Attributable to
Net Interest Income Owners of Parent
(in trillion rupiah) (in trillion rupiah)
11.0 2.6
10.6
9.6
1.8
1.7
2018 2019 2020 2018 2019 2020
17
Other Operating Income Operating Expenses

1.7 7.1 6.9
1.6
5.9
0.6
2018 2019 2020 2018 2019 2020
Loans Third Party Funds

141.8 100.8
136.2
87.0
70.8
68.1
2018 2019 2020 2018 2019 2020

Main Highlights
Share Performance
INITIAL PUBLIC OFFERING STOCKS PERFORMANCE
Resolutions on the Initial Public Offering of common Up until Quarter IV/2020, the Bank’s shares were traded
share of PT Bank BTPN Tbk was based on the at Rp3,110 per share. The shares performance of the
Extraordinary General Meeting of Shareholders on Bank is shown in the following graphs and tables.
8 June 2007. The total number of offered shares are
267,960,220 offered shares and Rp100 (full value) per
share and at an offered price of Rp2,850 (full value)
per share. The shares were registered on the Indonesia
Stock Exchange or IDX in 12 March 2008.
MONTHLY STOCK MOVEMENTS (2019-2020)
18
Volume 2019 2020
6,240,000 6,250,000
6,010,000
5,510,000 5,600,000
5,000,000 5,040,000
3,970,000 3,970,000
3,450,000
2,860,000 2,980,000
2,420,000
2,170,000
1,970,000 1,930,000
1,050,000 1,130,000
879,300 826,400 824,800
481,600 379,100
307,300
January February March April May June July August September Ocktober November December
Closing Price (Rp) 2019 2020
4,000 3,790 3,700 3,710 3,670 3,620

3,600
3,310 3,250 3,250 3,250
3,200 3,150
2,910
3,000
2,710
2,600 3,110
2,290 2,370 2,280
2,160 2,150
1,910 1,820 1,840
2,000
1,000
0
January February March April May June July August September October November December
QUARTERLY STOCKS PERFORMANCE 2020 & 2019
Highest (Rp) Lowest (Rp) Closing (Rp) Volume (Shares)

Period
2020 2019 2020 2019 2020 2019 2020 2019
March 3,300 4,000 1,585 3,460 1,910 3,600 2,240,000 14,490,000
June 2,390 3,750 1,750 3,400 2,160 3,620 9,730,000 13,910,000
September 2,650 3,720 1,950 3,080 2,150 3,250 7,340,000 13,310,000
December 3,680 3,450 2,150 3,050 3,110 3,250 8,240,000 1,990,000
Number of Listing Shares Market Capitalization

Period
2020 2019 2020 2019
March 8,148,946,869 8,148,916,869 15,564,488,572,928 29,330,415,550,464
June 8,148,946,869 8,148,916,869 17,601,725,988,864 29,493,362,163,712
September 8,148,946,869 8,148,928,869 17,520,235,905,024 26,484,018,249,728

19
December 8,148,946,869 8,148,928,869 25,343,224,184,832 26,484,018,249,728

Corporate Action
During 2020 there were no Corporate Actions taken by
the Company
Bonds/Sukuk
Issuance
During 2020 the Company did not issue any
Bonds/Sukuk
Main Highlights
Bonds and Sukuk

Overview
Bond Amount Coupon Rate
Description Listing Date Maturity Date Outstanding (Rp)
(Rp) (%)
Public Offering of Sustainable Bonds III Bank BTPN with Fixed Coupon Rate Phase II Year 2017
Series B 18 October 2017 900,000,000,000 7.50% 17 October 2020 The settlement

has been made on
October 19, 2020
Public Offering of Sustainable Bonds IV Bank BTPN with Fixed Coupon Rate I Year 2019
Series A 27 November 2019 799,000,000,000 7.55% 26 November 2022 799,000,000,000
Series B 27 November 2019 201,000,000,000 7.75% 26 November 2024 201,000,000,000
Mid-Term Notes II Year 2017 of PT Bank Sumitomo Mitsui Indonesia
MTN 11 14 June 2017 1,302,000,000,000 8.25% 14 June 2020 The payment has
been made on June
15, 2020
20
RATINGS OF BANK BTPN BONDS

Bonds Rating 2018 Rating 2019 Rating 2020
Bank BTPN Shelf Registry / Sustainable Bonds III with AAA (idn) AAA (idn) AAA (idn)
Fixed Coupon Rate Phase II Year 2017
Bank BTPN Shelf Registry Bonds IV with Fixed Coupon AAA (idn) AAA (idn); Outlook
Rate Phase I Year 2019 Stable
Mid-Term Notes (MTN) II Year 2017 of PT Bank Sumitomo idAAA idAAA idAAA
Mitsui Indonesia
PAYMENT OF INTEREST AND PRINCIPAL Bank BTPN Shelf Registry Bonds IV with Fixed coupon
LOAN OF THE YEAR 2020 Rates Phase I Year 2019 of B series
Bank BTPN BTPN Shelf Registry Bonds III with Fixed

Payment
Coupon Rate Phase II year 2017 of B series Description Payment Date
Amount (Net)
Coupon-1 26 Februay 2020 Rp3,894,375,000,-

Payment
Description Payment Date Coupon-2 26 May 2020 Rp3,894,375,000,-
Amount (Net)
Coupon-3 26 August 2020 Rp3,894,375,000,-
Coupon-1 17 January 2018 Rp16,875,000,000,-
Coupon-4 26 November 2020 Rp3,894,375,000,-
Coupon-2 17 April 2018 Rp16,875,000,000,-
Coupon-3 17 July 2018 Rp16,875,000,000,-
Coupon-6 26 May 2021 Rp3,894,375,000,-
Coupon-4 17 October 2018 Rp16,875,000,000,-
Coupon-7 26 August 2021 Rp3,894,375,000,-
Coupon-6 17 April 2019 Rp16,875,000,000,- 21
Coupon-7 17 July 2019 Rp16,875,000,000,-
Coupon-10 26 May 2022 Rp3,894,375,000,-

Coupon-11 26 August 2022 Rp3,894,375,000,-
Coupon-10 17 April 2020 Rp16,875,000,000,-
Coupon-11 17 July 2020 Rp16,875,000,000,-
Coupon-14 26 May 2023 Rp3,894,375,000,-
Coupon-15 26 August 2023 Rp3,894,375,000,-

Bank BTPN Shelf Registry Bonds IV with Fixed Coupon
Rates Phase I Year 2019 of A series Coupon-17 26 Februay 2024 Rp3,894,375,000,-
Coupon-18 26 May 2024 Rp3,894,375,000,-
Coupon-19 26 August 2024 Rp3,894,375,000,-

Payment
Description Payment Date
Amount (Net) Coupon-20 26 November 2024 Rp204,894,375,000,-
Coupon-2 26 May 2020 Rp15,081,125,000,- Medium Term Notes (MTN) II of 2017

PT Bank Sumitomo Mitsui Indonesia
Coupon-3 26 August 2020 Rp15,081,125,000,-
Coupon-5 26 Februay 2021 Rp15,081,125,000,- Payment

Description Payment Date
Amount (Net)
Coupon-6 26 May 2021 Rp15,081,125,000,-
Coupon-7 26 August 2021 Rp15,081,125,000,- Coupon-1 14 September 2017 Rp26,853,750,000,-
Coupon-8 26 November 2021 Rp15,081,125,000,- Coupon-2 14 December 2017 Rp26,853,750,000,-
Coupon-9 26 Februay 2022 Rp15,081,125,000,- Coupon-3 14 March 2018 Rp26,853,750,000,-
Coupon-10 26 May 2022 Rp15,081,125,000,- Coupon-4 14 June 2018 Rp26,853,750,000,-
Coupon-11 26 August 2022 Rp15,081,125,000,- Coupon-5 14 September 2018 Rp26,853,750,000,-
Coupon-12 26 November 2022 Rp814,081,125,000,- Coupon-6 14 December 2018 Rp26,853,750,000,-
Coupon-7 14 March 2019 Rp26,853,750,000,-
Coupon-8 14 June 2019 Rp26,853,750,000,-
Coupon-9 14 September 2019 Rp26,853,750,000,-
Coupon-10 14 December 2019 Rp26,853,750,000,-
Coupon-11 14 March 2020 Rp26,853,750,000,-
Coupon-12 14 June 2020 Rp1,328,853,750,000,-

Main Highlights
Event Highlights in 2020

25 June
23 April
Jenius launched its new innovative feature named Moneytory.

The feature helps the digital savvy to manage cash flow in
a more simplified manner through the automatic logging
The Annual General Meeting of Shareholders of expense and income through Jenius application. With
(AGMS) of PT Bank BTPN Tbk granted the Moneytory, Jenius users may have access to the summary of
approval of the financial statements of fiscal year their financial condition, beginning from the amount of income
2019. The AGMS also agreed not to conduct the or expense and the difference between them, as well as to
distribution of dividend to the shareholders as a easily see the graphic of expense based on particular dates
22 reflection of its long-term commitment for BTPN’s and its nominal.
sustainable growth.
2 July 24 July
Sumitomo Mitsui Banking Corporation Group BTPN launched Sinaya Prioritas, banking services
(SMBC Group) donated 100 million yen (equivalent for affluent customers with a total portfolio of
to Rp13.2 billion) to UNICEF Indonesia to help at least Rp500 million. Integrated with Jenius
lighten the burden of the people of Indonesia application, Sinaya Prioritas allows affluent
impacted by the COVID-19 pandemic. customers to monitor their savings and investment
funds, and perform transactions from anywhere
and at anytime through their devices.
27 July 11 August
Jenius launched a new feature, Jenius QR, to Jenius celebrates its 4th anniversary. Up until June
facilitate the digital savvy in transactions without 2020, more than 2.7 million people gave joined to
hard cash or debit card as it automatically become Jenius users, with savings balance (Third-
deducts in Active Balance without having to shift Party Fund) of more than Rp10 trillion. In all of its
to another application. Jenius QR also supports four years of presence, Jenius has launched some
Bank Indonesia’s program to increase non-cash 20 revolutionary innovations and features.
financing.
11 September 24 September
Sumitomo Mitsui Banking Corporation Group (SMBC In collaboration with PT Bank Negara Indonesia
Group) donated Rp1.3 billion (equivalent to 10 million Tbk (BNI), Jenius introduced its BNI TapCash
yen) to the Indonesian General Practitioners Association top-up service through the Jenius application by
(PDUI) as one of its global initiatives to help prevent the benefiting the NFC (Near-Field Communication)
spread and the impact of COVID-19 in Indonesia. PDUI feature. In addition, the collaboration also
was selected as one of the organizations to receive funds introduced BNI TapCash Card Jenius edition with
from SMBC Group because the organization has since a unique Jenius-trait design and characteristics.
2010 worked together with Bank BTPN, a subsidiary
of SMBC Group, through the public financing program
known as Daya.
18 November
16 September
23

Jenius launched its Jenius for Business, a The Extraordinary General Meeting of Shareholders
starter kit for the digital savvy who wishes to (EGMS) of PT Bank BTPN Tbk approved the change in
start and develop their business. Jenius for the members of the Board of Directors and the Board
Business has two services, namely Jenius of Commissioners. The shareholders approved the
Business Account and Bisniskit from Jenius. resignation of Kazuhisa Miyagawa from the position of
Deputy President Director, and approved the appointment
of Kaoru Furuya as the new Deputy President Director
to replace Miyagawa. The Meeting also approved the
2 November appointment of Chow Ying Hoong as the new President
Commissioner and Edmund Tondobala as the new
Independent Commissioner.
23 December
Jenius held its annual co-creation and

collaboration event known as the 2020
Co.Creation Week, virtually on 2-6 November
2020 carrying the theme Reshape, with the aim
to ask the digital savvy communities to make
friends with the big change that is happening in BTPN took part in the financing of medium-term
various aspects of the daily life as impacted by working capital of the State Electricity Company (PT
the COVID-19 pandemic. A series of programs Perusahaan Listrik Negara (Persero)) for a total amount
of the 2020 Jenius Co.Creation consisted of of US$500 million guaranteed by MIGA (World Bank
competition, conference, and talks on the three Group) in a joint consortium with 7 (seven) foreign
pillars of technology, creativity and finance. banks.
Main Highlights
Awards & Certification

AWARDS
Date Name of Award Category Organizer
March 2020 Mortgage Awards Best BUKU 3 Bank Infobank
March 2020 Top SME Lender 2020 Best BUKU 3 Bank Infobank
April 2020 Public Relations Indonesia Award • Gold Winner - Social Media PR Indonesia Magazine
2020 • Gold Winner – Digital PR
#temanjenius
May 2020 Digital Brand Awards Savings in Commercial Banks Infobank

Category
June 2020 World’s Best Banks Ranking 4 – of all banks in Indonesia Forbes
Ranking 2 – of all local banks in
Indonesia
August 2020 Investor Awards The Best BUKU 3 Bank Investor Magazine
September 2020 Indonesian Innovation Award Sustainability Category IDX Channel

2020
September 2020 Indonesia Content Marketing • Best Content in Owned Channel in Kompas Gramedia
24 Awards 2020 Banking Category
• Best Use of Brand Website
Content Marketing
• The Content Marketing
Implementation of The Year
September 2020 Infobank Awards 2020 • Diamond Trophy for “Excellence” Infobank
for 20 years in a row to achieve
“The Best Performance Bank”.
• The Best BUKU 3
September 2020 Corporate Social Intrapreneur of - Schwab Foundation (affiliated

the Year 2020 with the World Economic
Forum)
October 2020 Best Companies to Work for in - HR Asia

Asia
December 2020 The Best Contact Center • Top 10 of The Best Contact Center Indonesia Contact Center
Indonesia 2020 Indonesia 2020 Association
• Platinum Medal for The Best
Operations Contact Center
• Gold Medal for The Best Employee
Engagement
• 2 Platinum Medals, 1 Gold Medal,
4 Silver Medals and 1 Bronze
Medal (Individual Category)
December 2020 Bankers of The Year 2020 - Infobank

(Awarded to Ongki Wanadjati
Dana, President Director of Bank
BTPN Tbk)
December 2020 Best Performing Bank 2020 BUKU 3 Category Infobank
December 2020 The Asia Sustainabiity Reporting Gold National Center For
Rating 2020 Sustainability Reporting
December 2020 Indonesia Best Digital Marketing • Best Digital Marketing Champion in SWA
Champion 2020 Banking Category 2020
• 2nd Rank of Overall Winners Digital
Marketing Champion 2020
December 2020 BAZNAS Awards Best Online Collection of Zakat BAZNAS

The Asia Sustainabiity
Reporting Rating 2020
Category Gold
National Center for Sustainability

Reporting
IDX Channel
Bank BTPN Innovation
Award
The Best Bank 2020

Category of Commercial Banks with
Core Capital of Rp5 Trillion - Rp30
Trillion
Investor Magazine
25
Infobank Awards
Financial Performance Full Year 2019
Predicate Excellent
Infobank
CERTIFICATION
No Name of Certification Time of Delivery Validity Period Issuer
Corporate Procurement
1 Management ISO 28 October 2019 28 October 2022 SGS
9001:2015
MANAGEMENT
REPORT
28 Report from The Board of
Commissioners
36 Report from The Board of
Directors
52 Statement of Member of The
Board of Commissioners
and Member of The Board of
Directors
With strong commitment from the Board

of Directors and direction from the Board
of Commissioners, BTPN successfully
navigated its journey through a challenging
year resulted from the COVID-19 pandemic.
Management Report
T he Bank’s risk
management in 2020
is quite challenging. The
economy is affected by
the COVID-19 pandemic
and prompted the Bank
28 to swift its focus to come
up with policies related to
restructuring and handling

of affected customers. The
fully supports the
implementation of
this policy which has
successfully managed
the existing risks and
produced a composite risk
profile rating of 2 (“low to
moderate”).
Chow Ying Hoong

President Commissioner
Report from The Board
of Commissioners
Dear Distinguished Shareholders and

Stakeholders,
Allow us to present our report on the implementation The World Bank, in the same month, estimated that
of the Board of Commissioners’ main duties, namely global economic growth would be negative 5.2%. The
in monitoring and advising the Board of Directors on fast and massive impact of the COVID-19 pandemic
the management of the business activities of PT Bank have kept the global economy was under pressure
BTPN Tbk (here onwards referred to as “BTPN” or throughout the entire year.
“Bank”). This report is also part of the Bank’s disclosure 29
of information. Indonesia was among the countries which economy
was deeply affected by the COVID-19 pandemic. In

The regulatory basis of this report, among others, Quarter III-2020, the Central Bureau of Statistics
is a mandate by the Law No. 40 of 2007 on Limited (BPS) confirmed that the Indonesia’s economy was
Liability Companies. In addition, it refers to the experiencing a recession following negative growth of
Financial Services Authority Regulation (POJK) No. 33/ 5.32% and 3.49% in Quarter II and III-2020 respectively
POJK.04/2014 on the Board of Directors and the Board (yoy).
of Commissioners of Issuers or Public Companies.
By the end of the year 2020, economic growth
MACRO CONDITIONS suffered a contraction of 2.07%. This condition
adversely affected the banking industry, which was an
The Board of Commissioners acknowledges that the intermediary, as most part of the business world was
fiscal year 2020 was a period filled with challenges. experiencing negative performance.
Economic conditions throughout the year was marred
highlighted by the adverse impact of the spread of This was the circumstances that confronted by the
the corona virus disease (COVID-19). Nations around management throughout the whole year of 2020. For
the world were kept busy with efforts to suppress the this reason, the Board of Commissioners paid special
spread of the virus. The impact was the deceleration of attention to this condition as well.
economic activities were decelerated.
PERFORMANCE ASSESSMENT OF THE
For the above reason, the International Monetary Fund BOARD OF DIRECTORS AND THE BASIS OF
(IMF) in its report “World Economic Outlook Update” ASSESSMENT
issued in June 2020, predicted the world economic
growth will experience a contractions or a negative Basis of Assessment
growth rate of 4.9%. The reason behind The reason FY 2020 Performance were assessed from the
behind the large contraction was the severe impact from perspective of implementing sustainable business
COVID-19 pandemic was larger than expected. strategies and initiatives. The implementation of new
initiatives and strategies enabled the Bank to strengthen
its business fundamentals and achieve sound financial
performance.
Management Report
Performance Assessment Moreover, up until the end of fiscal year 2020, Bank
Considering the external conditions as well as the BTPN managed to achieve a net profit after tax (NPAT)
basis of assessment as reference, the Board of attributable to the owner of the parent entity of a
Commissioners concluded that the Board of Directors total amount Rp1.7 trillion. Even though it was lower
has generally succeeded in establishing Bank BTPN’s than the previous year, it was still regarded as a good
performance with good marks, although confronted with performance considering the crisis situation..
the difficult situation from the impact of the COVID-19
pandemic. MONITORING OF POLICY
IMPLEMENTATION
The management adopted a defensive position in
mitigating the impact of COVID-19 in the year 2020. The Board of Directors’ policy on mitigating the impact
Among others, mitigated the impact and risks by of the COVID-19 pandemic was the main concern to
selective disbursement of loans, proactively managed the Board of Commissioners, as the pandemic had
non-performing loan (NPL), cost of credit and carry out adversely impacted the activities of the business sector.
loan restructuring as well as significantly reduced cost Banking’s main activity, namely the credit disbursement,
of funds. decreased, while risks faced by the Bank increased.
Aside from focusing on the loans, the Board of For this reason, administering the Bank’s risk
Commissioners also witnessed the management’s effort management in the year 2020 was a big challenge.
30 to actively manage liquidity and financing as well as The economic conditions impacted by the COVID-19
to increase sustainable operational effectiveness. At pandemic have made policies related to restructuring
the same time, the Bank’s management continued to and handling of customers, who were impacted by
execute initiatives necessary to support the Bank’s the pandemic, a main concern of the Bank. The
future growth by constantly paying attention to the Board of Commissioners fully supported the policies
current situation. implemented by the Management which succeeded in
managing existing risks and maintained the Bank’s risk
Results of the management’s assessment are also profile composite index at level 2 (“low to moderate”).
noticeable from the good condition of the credit liquidity
and the adequacy of reserves. During the fiscal year, The Board of Commissioners also concluded that the
the Bank recorded the NPL ratio at only 1.21% (gross) Management’s strategic crisis action plans to cope with
and 0.5% (net), higher than the industry’s average. the impact of COVID-19 pandemic was effective. The
The Bank also continued with strict monitoring of the applied strategy, among others, included anticipative
mentioned portfolio. efforts on the changes and dynamics of the market as
well as developed scenarios and stress tests to simulate
The management’s attention was accurately focused potential impacts on the Bank’s business, which
on the micro, small and medium enterprises (MSME), included credit, liquidity and market risks.
commercial as well as consumer financing and shariah,
considering that these sectors were the most impacted Regarding the implementation of the weekly loan
segments. The Board of Commissioners impacted restructuring, the Bank submitted its report to OJK
segments. the management’s efforts were on the in accordance with prevailing OJK Regulation. The
right track in line with POJK No. 11/POJK.03/2020 Management established necessary steps to monitor
concerning “the National Economic Stimulus as the the customers under restructuring to ensure suitability
Countercyclical Policy on the Impact of the Spread of between the customers’ credit quality and the
2019 Corona Virus Disease” and its amendment POJK established Allowance for Impairment Loss (CKPN).
No. 48/POJK.03/2020 regarding the policy on the
extension of the relaxation period until 31 March 2020
for debtors impacted by COVID-19.
Internally, the Bank also took important steps in VIEWS ON BUSINESS PROSPECTS
the operational area, such as the split operations
and work from home procedures, supply of masks, Business prospects prepared by the Board of Directors
vitamins and other supports to the staff. The Board of were not only set for the year 2021, covered the period
Commissioners gave its full support to the management of 2021-2023. The Board of Commissioners accepted
in the steps undertaken such as the external policies the sufficient explanation on the subject, discussed and
on credit restructuring and internally in the operational understood the Bank’s Business Plan for the period of
areas. 2021-2023.
All the management’s applied policies were within the The Board of Commissioners acknowledged that
3 (three) core framework of policies in establishing the conditions of 2021 will remain challenging from
the Bank’s priorities and 8 (eight) strategic focuses the impact of the COVID-19 pandemic. To deal with
completed with the 3 (three) stages of implementation: this condition, Bank BTPN will continue to focus on
Stabilize, Synergize and Scale Up. proactively managing loan restructuring and customers
impacted by the pandemic. The Bank will also adopt a
This framework policy was excellent that its more conservative risk appetite for the year 2021 and
implementation was accurately directed. In addition, it plan to increase loans in stages in the following years.
allowed the management to have easier monitoring and
evaluation. Hence Board of Commissioners appreciated In the current economic recovery situation, BTPN would
the implementation of this framework. need to rely on the Corporate segment, given the Bank 31
risk appetite, core capability and the support of SMBC
Aside from the COVID-19 related issues, the Board global network to achieve faster income growth. In the

of Commissioners also paid special attention to the Corporate and Commercial segments, the Bank will
strategic policies concerning follow-up actions post- conduct selective lending to maintain loan quality, and
merger. In the first year, 2019, the Bank focused on the Bank will also increase fee-based income along
Stability, the integrated management in operation, with the increase in Transaction Banking and Treasury
staff culture and adoption of the global standards of businesses. At the same time, the Bank would build
governance, compliance, risk management and SMBC synergy and continue to increase developing business
internal control. such as Jenius as well as developing new businesses.
The Bank also developed mid-term plans of 3 (three) The management had decided to continue to invest in
years. In the second year, 2020, the Bank focused Jenius in order to maintain leadership in Indonesia’s
on Synergy, which involved the adoption of SMBC digital banking segment. Implementing digital strategies
global standards, integrated information technology will remain the Bank’s priority in all segments. This
(IT) system, and building synergy within the Bank and hopefully can support retail banking growth in the future.
other companies of the SMBC group in Indonesia. To
date, the Bank is developing its plans to transform its To support business growth, in addition to information
operation model to effectively and efficiently reach its technology development, the Bank will also strengthen
targets. its human resources and operations. The same thing
was also implemented in risk management, compliance
However, considering the ongoing COVID-19 situation, and GCG which will continue to be improved to
the Bank had to adapt to the conditions by applying maintain business sustainability.
new strategy or re-prioritizing strategy in order to steer
the performance of the Bank to what is regarded as a Another strategy to be implemented in the year 2021
good performance. Through such a strategy, the Bank is optimizing the portfolio of the pension business
hoped to continue to operate smoothly and become the and realigning resources to existing mature business.
trigger to economic growth. Business transformation and optimization of the
operation model shall also be enhanced.
Management Report
The Bank also increased the availability of low- Considering that business in the financial sector was
cost funds or the Current Account Saving Account very dynamic, the Board of Commissioners reminded
(CASA), balance, among others, through trade, cash the management to be ready to make necessary
management, treasury, and retail, which became the adjustments and development in GCG. The Board of
focus of the Bank. To maintain balance in business, the Commissioners will monitor this matter, while jointly
Bank will increase its fee-based income and efficiency with the Board of Directors ensure good business
in operational expenses. sustainability.
The above strategies prepared by the management Views on WBS Implementation and the Board of
have assured the Board of Commissioners that the Commissioners Involvement
Bank’s business prospects ahead, specifically for Implementation of the whistleblowing system (WBS) is
the year 2021, will be very good. Foremost, the an important part of GCG implementation. The Board
management’s ability to respond to COVID-19 pressures of Commissioners viewed that the implementation of
have shown good results. WBS within the Bank’s environment was appropriately
executed and would continue to be improved.
MECHANISM AND FREQUENCY IN
PROVIDING ADVICE As a form of support, the Board of Commissioners was
fully committed to implement and improve the overall
In carrying out its duties, namely to monitor the Bank’s sustainability of the Bank’s internal control. This was
32 business activities and provide advices to the Board aimed at prevention, detection, investigation, reporting
of Directors, the Board of Commissioners had 4 and evaluation by means of the Anti-Fraud Strategy
(four) assisting committees: Audit Committee, Risk Policy in BTPN. Fraud related matters was also one of
Monitoring Committee, Remuneration and Nomination the main focuses of the Risk Monitoring Committee.
Committee and the Integrated Governance Committee.
Within this context, the Board of Commissioners’
These committees were included as part of the involvement was namely in the aspect of prevention
supervisory and advising mechanism of the Board of and compliance. The Board of Commissioners will
Commissioners. Each committee submitted reports and continuously monitor the implementation of WBS as
recommendations on a quarterly basis to be discussed well as its follow-up.
in the Board of Commissioners meetings.
VIEWS ON THE IMPLEMENTATION OF
Discussions and monitoring of the recommendations CORPORATE SOCIAL RESPONSIBILITY
were carried out in the Board of Commissioners-Board
of Directors joint meetings at least once in 2 (two) The Board of Commissioners viewed the
months. In the year 2020, 7 (seven) joint meetings were implementation of corporate social responsibility
held. (CSR) as one of the important parts of good corporate
governance implementation in the Bank. Moreover,
VIEWS ON GCG IMPLEMENTATION this was contained in Law No. 40 of 2007 on Limited
Liability Companies and Government Regulation No.47
The Board of Commissioners regards the principles of 2012 on Social and Environmental Responsibilities of
of good corporate governance (GCG) as strong Public Companies.
fundamentals in maintaining the sustainability of the
Bank’s business. Banking is a part of financial services Implementation of CSR in BTPN was performed by a
that emphasized on the trust of the stakeholders as a special business unit, namely Daya. This arrangement
fundamental in business. showed the management’s commitment and
seriousness in implementing its CSR obligations, at
The Board of Commissioners’ monitoring of GCG the same time realizing the importance of maintaining
implementation within the Bank was conducted through balance between business goals, environmental
periodic assessments every year. In the year 2020, preservation as well as the empowerment of the
governance implementation performed by the Bank’s communities. Thus, there was an integration of
management was satisfactory, as reflected in the business mission and social mission or corporate share
governance self-assessment result of composite level 2 value.
(“Good”) rating.
The CSR implementation refers to 4 (four) pillars: APPRECIATION AND CLOSING
customer competency development, financial
management, sustainable life, and capacity to grow. The Board of Commissioners hereby extends its
The Board of Commissioners believed that such gratitude to the shareholders for the opportunity to
principles have become an important foundation be a part of the business journey of Bank BTPN until
in carrying out activities in the fields of social and the end of fiscal year 2020. The gratitude was also
environmental responsibilities. extended for the directives and guidance conveyed by
the shareholders.
CSR implementation which was also directed at
creating Sustainable Development Goals (SDGs), The Board of Commissioners also extends its
according to the Board of Commissioners was a very appreciation to the Board of Directors and all staff for
good initiative. SDGs were global commitments ratified the performance achieved during Fiscal Year 2020. To
by Indonesia. Therefore, Bank BTPN had become a the regulators, the Board of Commissioners expresses
part of the efforts to achieving the set of 17 SDGs. its gratitude for the guidance and supervision conveyed
that enabled the company’s business to operate
CHANGE IN THE COMPOSITION OF THE appropriately in accordance with prevailing regulations
BOARD OF COMMISSIONERS and business best practices during such difficult
challenges.
In the year 2020, a change in the composition of the
Board of Commissioners was ratified through 2 (two) To all stakeholders, the Board of Commissioners thank 33
General Meeting of Shareholders (GMS). The first, GMS you for the ongoing cooperation to date. With the
in April 2020 that ratified the resignation of Mari Elka support of all the stakeholders, the management was

Pangestu as the President Commissioner (Independent). able to achieve good business performance for the
Second, the Extraordinary GMS in November 2020 Fiscal Year 2020.
which ratified the appointment of Chow Ying Hoong as
the President Commissioner from his previous position Jakarta, March 2021
as Vice President Commissioner and the appointment of On behalf of the Board of Commissioners,
Edmund Tondobala as Independent Commissioner.
Thus, the composition of the Board of Commissioners

by the end of fiscal year 2020 is as follows:
President Commissioner : Chow Ying Hoong
Commissioner : Takeshi Kimoto
Independent
Commissioner : Ninik Herlani Masli Ridhwan Chow Ying Hoong
Independent President Commissioner
Commissioner : Irwan Mahjudin Habsjah
Independent
Commissioner : Edmund Tondobala
Management Report
The Board of Commissioners
34
2
1
1. Chow Ying Hoong

2. Takeshi Kimoto
Commissioner
35
3 5
4
3. Edmund Tondobala
Independent Commissioner
4. Ninik Herlani Masli Ridhwan
5. Irwan Mahjudin Habsjah
Management Report
T he activities throughout the

challenging and dynamic year
of 2020 has been successfully
passed by BTPN. We are always
at the side of our customers and
support the national economic
recovery. The health of employees
and customers is a priority in the
midst of a pandemic. With changes
in the external environment due
to COVID-19, we have adjusted
36 our strategies to prepare for a
post-pandemic rebound. We also
continue to accelerate digital
banking capabilities to provide

banking services that are not
only relevant but respond to
the pandemic challenge for our
customers.
We are grateful that all of this

is made possible thanks to the
support of stakeholders, both from
the direction of the regulator and
the supervision of the board of
commissioners, as well as the full
trust of shareholders.
Ongki Wanadjati Dana

President Director
Report from The Board
of Directors
Dear distinguished Shareholders and

Stakeholders,
Greetings, may peace be upon us and may the Almighty As a response to support economic movement,
God bless and protect us always. In this occasion, throughout the year Bank Indonesia reduced the
allow us to present the annual report of PT Bank BTPN benchmark interest rate of BI 7-day reverse repo rate as
Tbk for the fiscal year which ended on 31 December many as 5 (five) times. From 5.00% in January 2020 to
2020. This report is part of the management’s 3.75% in December.
accountability to manage the Company’s business for a 37
period of one year. The position of the BI interest rate was historically
the lowest ever. The expansive policy is part of the

The entire content of this report is aligned with the efforts to boost economic activities through financing
report audited by independent auditors and submitted disbursements in order for business activities to sustain.
to the regulators, both periodically as in the financial
statements as well as in the one-off or ad-hoc reports Moreover, BI also reduced the Statutory Reserve (Giro
related to specific corporate actions and other Wajib Minimum/GWM). With the flowing banking
fulfillment of mandatory requirements. For this purpose, liquidity, interest rates continued to decline and
this report is part of the disclosure of information and encouraged economic financing.
compliance implemented by the Bank.
The Dynamics of the Banking Industry
ECONOMIC CONDITIONS AND BANKING In the midst of crisis triggered by the COVID-19
INDUSTRY IN 2020 pandemic, the financial system’s resilience remained
well maintained. Nevertheless, banking was confronted
Pressure on the Economy with rising financing risk, namely the Non-Performing
The year 2020 was highlighted by the spread of the Loan (NPL).
COVID-19 pandemic which has adversely impacted
economic activities. Until the end of the year, for The Financial Services Authority (OJK) responded to
example, the Central Bureau of Statistics (BPS) such a condition with the credit restructuring regulation
recorded that the national economy’s performance for customers impacted by COVID-19. The policy is
experienced contractions, namely a negative growth contained in the OJK Regulation No. 11/POJK-3/2020
of minus 2.07%. The majority of business sectors and its amendment OJK Regulation No. 48/POJK-
experienced such negative growth. 3/2020 on the National Economy Stimulus as the
Countercyclical Policy to the Impact of the Spread of
Meanwhile household consumptions, the biggest the 2019 Corona Virus Disease.
component of the national economic structure, also
suffered a contraction of 2.63%. Such a condition
resulted in the decline in demand level for goods
and services which then caused in the weakening of
production activities.
Management Report
The above credit restructuring policy aims to cease Business Partner and Office Network
the NPL’s increasing surge and to provide relaxation In executing its main activities, the Bank has reached
to borrowers affected by COVID-19 in paying their most of the regions of Indonesia to service customers
installment obligations to the bank during the pandemic and the public at large, supported by 536 office
time. It is hoped that implementation of the stimulus network. Bank services are also supported by 225
policy can provide the banking sector wider room for automated teller machines (ATM).
liquidity and capital so that stability of the financial
sector can be well maintained in the midst of the BUSINESS PERFORMANCE IN 2020
pandemic.
Constraints and Challenges in the Year of the
THE BANK’S CONDITION DURING THE Pandemic
FISCAL YEAR In conjunction with the COVID-19 pandemic, among the
challenges faced by BTPN was the policy on the Large-
Important Changes, Main Activities and Target Scale Social Restrictions as the government’s response
Market of the Bank to press the spread of the virus. This condition did not
In the beginning of 2020, the Bank has taken important only drastically slow down the economy, the Bank’s
steps in dealing with COVID-19, both in terms of activities were also impacted.
operations such as implementing split operations and
work from home, providing supplies of masks and The reduced in economic activities have resulted in
38 vitamins and other support to staff, and also in handling the decline in financing distribution. At the same time
credit restructuring that is required. loan expenses, on the other hand, increased. In such
condition, in line with the regulator’s policy, BTPN
With changes in the external environment due to focused on the loan restructuring management as well
COVID-19, the bank has reviewed its strategies in as on customers impacted by the COVID-19 pandemic,
certain areas as well as the bank’s operating model. and altogether adopted a more conservative risk
The bank also conducts an assessment of the way of appetite. Such risk management policy is especially
working (new way of working) in the new normal period. aimed for the segments that are mostly impacted.
Meanwhile main activities of BTPN during the fiscal year Bank Indonesia’s policy responded to the slowing down
2020 did not experience any change. All remained in of economic activities by reducing the benchmark
operation in accordance with the Company Articles of interest rate. The policy, on the one hand caused the
Association, namely collecting funds from the public Bank to succeed in reducing the interest expense.
and channel them in the forms of financing, both under However, on the other hand, the policy has pressed the
conventional system as well as shariah. Furthermore, Bank’s Net Interest Margin (NIM).
the Bank performed other activities related to banking
services. For that reason, the Bank has had to constantly monitor
customers under restructuring to ensure suitability
As for the target market, in the midst of occurring between the customer credit quality and the Reserve
circumstances, the Bank focused on maintaining for Impairment Loss established to avoid additional
relationships with customers from all segment, focuses expenses.
primarily on affected MSME debtors, provides financial
solutions suitable to debtors’ conditions and handle The COVID-19 pandemic did not only affect the
potential loan restructuring. This was carried out as a business world, including the Bank, but also generated
direction for the Bank’s business strategy to respond to a variety of changes in behavior. For that reason, the
the COVID-19 pandemic situation. Thus the Bank can Bank’s operational performance has had to adapt
handle the situations and mitigate the impact and risk of through the work from home provision as the new way
COVID-19 throughout 2020. to work under the new normal conditions.
Changes also occurred in the customers’ behaviors, In conjunction with that, the Bank also managed to
which increasingly became active in using digital reduce cost of funds as well as actively managed
banking in their transactions. This caused positive liquidity and financing. Operational expenses were also
impact for BTPN, as the use of the Bank’s featured of special concern, because the Bank was more vigilant
product, Jenius, escalated. Until the end of the year towards operational risks and continued to improve the
2020, the total number of users of Jenius increased effectiveness of the operations.
by 26.92% (year on year) to 3.1 million and the total
transaction grew by 70.19%. In the meantime, regarding the implementation of the
Strategy and Initiative Post-Merger with Bank Sumitomo
Strategic Policy Response Mitsui Indonesia (SMBCI) on 1 February 2019, in the
In response to the challenges of COVID-19 pandemic year 2020 the Bank focused on improving the synergy.
in the year 2020, BTPN implemented its strategic crisis Among others, by adopting the SMBC global standards
action plans to mitigate the impact and risks arising and integrated it with the information technology (IT)
from the spread of the virus. In financing, the Bank was system and developed a business synergy. The Bank
more selective in disbursing its credit and proactively was also developing plans to transform its operation
managed NPL, loan restructuring and loan expenses. model in order to effectively and efficiently achieve its
goals.
In relation to the loan restructuring, the Bank, among
others, adjusted its provisions and procedures of Innovation Through Digital Development
implementing relaxation and restructuring for borrowers An obvious phenomenon resulted from the COVID-19 39
impacted by COVID-19. This included provisions pandemic, is the changes in activities and services
related to the criteria of borrowers’ who opted for of the business world, including the financial sector,

restructuring, as well as provisions on the restructuring moving towards digitalization. Moreover, almost all the
schemes and mapping of the impacted economic banks in Indonesia, especially the large banks focus on
sectors in accordance with the business segments digitalization to transform into digital banks.
and cooperation partners. Although such analysis and
mapping were conducted, the Bank remained prudence Bearing in mind that BTPN has implemented its
in its implementation of loan restructuring. digitalization since the year 2016, as a strategic step
to remain as leader in digital banking services, the
Various adjustments carried out by the Bank refers Bank continues to expand its digital services for other
to the reserve calculation method of the borrowers retail banking products. The Bank takes advantage of
under restructuring in accordance with OJK Letter No. Jenius as a fundamental platform so that BTPN’s digital
S-7/D.03/2020 on the Implementation of the Financial banking services are becoming more comprehensive
Accounting Standard (PSAK) 71 and PSAK 68 during and integrated.
the COVID-19 pandemic conditions. Monitoring of
the loan restructuring implementation was carried In addition to complementing the services, the Bank
out periodically from the segment level up to the expands its scope of digital transaction acceptance
management level. through the cooperation development with various
e-commerce partners and other business partners
The reserve calculation model is among the items in line with our digital bank’s goal to become the
closely monitored and continuously reviewed as part customers’ financial ecosystem providers (Life Finance).
of the effort to anticipate the potential worsening of the
macro economic conditions as well as the impact on the The ongoing digital development, including in the
cost of credit. The Bank also established a mechanism fiscal year 2020, is especially set to maintain BTPN’s
to monitor borrowers who received loan restructuring. leadership in Indonesia’s digital banking that supports
the future growth of the retail banking. This process
As of December 31, 2020, the outstanding balance of digitalization is aligned with the Bank’s vision “To
of restructured loan due to COVID-19 was Rp8.75 become the first choice bank in Indonesia that can
trillion. This amount is equivalent to 6.42% of the total provide meaningful change in the lives of millions
consolidated loan portfolio. of people, especially with the support of digital
technology.”
Management Report
Digital development has improved the Bank’s business Target and Realization Comparison
efficiency, among others through efficiency in time and A big challenge faced by the national economy has
cost. The Bank also became faster in responding to pressed the business sector, including banking.
market changes. In the end, digitalization has increased Similarly, as experienced by Bank BTPN, several
customers’ satisfaction. business targets were not achieved.
In the year 2020, the Bank also specifically supported The impact faced by the Bank was mainly felt in the
digitalization for cooperatives and the Micro, Small micro, small and medium-scale enterprises (SME),
and Medium Enterprises (MSME). Such digital literacy as well as in the commercial, consumer financing
can become the solution for its development and and the shariah segments. Nevertheless, overall
competitive edge, especially considering that COVID-19 the Bank managed to record quite a satisfactory
has generate new behaviors in transactions, namely financial performance, with a sound growth and strong
minimized physical contact. fundamentals.
The Bank’s Performance Achievement In disbursing loans, for example, from the expected
Until the end of fiscal year 2020, BTPN posted a net increase target of 5-7%, the actual disbursement
profit after tax (NPAT) attributable to the owner of the dropped by 3.9%. This was due to the COVID-19
parent a total of Rp1.7 trillion, 32.0% lower than the pandemic that business performance was hampered
Rp2.6 trillion posted in the year 2019. The decline and affect loans. The business segment which managed
in net interest income and the increase in Allowance to post growth was the Corporate and Shariah
for Impairment Losses as an impact of the COVID-19 Financing segments, each posted growth of 3.9% and
40 pandemic were among the causes of the decrease in 5.8% respectively.
profit.
With the Bank’s application of various strategies,
From the loan aspect, the amount disbursed by the end BTPN succeeded in logging a net profit above target
of the fiscal year totaled Rp136.2 trillion, slightly lower by 71.71% from the target set in the Bank’s revised
than the previous year. The decline in loan was caused Business Plan. Such achievement occurred especially
by the weakening of the business activities and higher due to the operational and loan reserve expenses which
loan repayment compared to the provision of new loan were lower than target. In addition, Bank BTPN also
facilities. Even the banking industry also experienced booked higher revenue in Syariah as more activities
loan contraction of 2.41% by the end of the year 2020. could be performed during 4th Quarter vs. earlier
anticipated due to COVID-19, as well as booked lower
Nevertheless, the Bank continued to adequately interest expense (lower cost of fund) from reduction in
maintain credit quality as visible through the level of benchmark rate. Several of the target and realization
Non-Performing Loan (NPL). During the fiscal year, the indicators are presented in the table below.
Bank recorded NPL ratio at 1.21% (gross) and 0.50%
(net). Such an achievement exceeded the industry’s Target and Realization Comparison
average.
2020
Description 2020 Target
Realization
From the Third-Party Funds (TPF) aspect, an increase
Loan Growth 5-7% -3.9%
of 15.93% was posted, mostly due to Jenius and
Corporate banking. The increase in TPF was balanced Deposit Growth 16-18% 15.9%
by the decrease in deposits from other banks and Capital Adequacy Ratio >22% 25.6%
borrowings that overall total liabilities was stable if ROA <1% 1.4%
compared to the previous year. ROE >3% 6.1%
NPL (gross) <2% 1.2%

Syariah Subsidiary Performance The training programs were held through webinars in
In the midst of a situation full of challenges, PT Bank cooperation with competent and experienced experts
BTPN Syariah Tbk (“BTPN Syariah”) yet managed to in the field. The MSME entrepreneurs received tips
record its financing disbursement of Rp9.5 trillion, a and opportunity to ask questions on business issues
growth of 5.81% compared to the Rp9.0 trillion in the directly to the experts available at Daya.id. Users of
previous year. A sound growth in the financing segment Daya.id were also able to conduct assessment on their
was also complemented with a sound financing quality, business conditions and on steps necessary to take to
as reflected through the low position of the Non- improve their business.
Performing Finance (NPF) at 1.91%.
Yield Percentage of Funds Collection and
BTPN Syariah also noted a strong capital adequacy Disbursement
ratio (CAR) of 49.44%, far above the industry’s average. In accordance with the Financial Services Authority
Total asset growth was 6.49% (yoy) to Rp16.4 trillion, Regulation No. 37/POJK.03/2019 on the Transparency
from the previous year’s Rp15.4 trillion. TPF grew by and Publication of Banks’ Reports, all commercial
4.26% from Rp9.4 trillion to Rp9.8 trillion. While net banks are required to report and publish the Prime
profit after tax (NPAT) reached Rp855 billion. Lending Rate (PLR). This publication, among others,
is to provide clarity and easier means for customers to
This achievement was possible because of the weigh the benefits, costs and risks involved in the loan
strategy implemented by BTPN Syariah. In servicing offered.
the productive poor it focused on, for example, the
Bank also continuously empowered customers. Team In the year 2020, BTPN’s PLR for corporate loans
#bankirpemberdaya (#empoweringbanker) out in the was 6.08%. While for retail and micro were 9.92%
41
field also known as “community officer” maintained and 15.87% respectively. In the meantime, consumer
intensive and measureable relations, that a feeling of loans, except for house ownership credit, was at

trust flourished from the customers that they believe 10.34%.
they can cope and face the challenges with optimism
and resilience together in these times of the pandemic. Meanwhile, yields for third-party funds collected by the
Bank was based on collateral interest rate set-forth by
Loans to MSME the Deposit Insurance Agency.
BTPN has long maintained a big commitment on
the development of the MSME sector. For the year The loan yield decreased to 7.63% in 2020 from 9.43%
2020, in line with the government’s concern over the in 2019. The decrement was caused by the decline in
empowerment of the sector, the Bank has disbursed the benchmark rate, pressure in the declining of high
credit for a total amount of Rp7.0 trillion, or equivalent yield businesses and impact of restructuring. Despite
to 5.52% of the Bank’s credit portfolio. that, The Bank succeeded in reducing the cost of funds
to 3.71% in 2020 from 5.27% in 2019.
The financing was allocated for three business groups:
micro-scale at the amount of Rp218 billion, small-scale
at Rp595 billion and middle-scale at Rp6.2 trillion.
BTPN’s Daya program, in the year 2020 has also

focused on the capacity development of MSME
customers to operating their business with a more
innovative modern approach and market access.
From the Bank’s analysis, the impact of the COVID-19
pandemic has pressured and cut MSME’s turnover by
half. For that purpose, as the Bank’s support, Daya
developed a sustainable training program that aims
at providing motivation and alternative solutions in
maintaining and improving their business.
Management Report
2021 BUSINESS PROSPECT ANALYSIS the Bank will conduct selective lending to maintain the
AND IMPORTANT EVENTS ESTIMATED TO loan quality, and the Bank will also increase fee-based
OCCUR IN THE FUTURE income along with the increase in Transaction Banking
and Treasury businesses. The Bank will invest and
Business Prospects manage the needs of these areas in order to generate
BTPN predicts the economy in the year 2021 will begin additional income to support business growth paths in
to enter the recovery phase. This is in line with the times ahead as well as rebuilding the Small Medium
government’s target for economic growth of 5.00% as Enterprise business and Consumer Financing as well as
disclosed in the 2021 State Budget. Such confidence to improve operation efficiency.
must surely be complemented with the assumption
that vaccination efforts will run according to plans and In addition, BTPN will continue to invest in Jenius to
targets, which are to press the rapidity of the spread of maintain leadership in Indonesia’s digital banking, so
COVID-19. that it can sustain retail banking growth in the future.
The Bank will also optimize portfolio the pension
Thus, in the year 2021 there will remain uncertainties business segment and align the Bank’s resources
that must be seriously attended to. For that reason, in Mature Business, as well as continue to conduct
the Bank shall balance the short-term objectives with business transformation and optimize its operation
the long-term ones in order to create good business model.
prospects as we all hope for. A number of strategies
prepared include the following: Digital strategy will continue to be the Bank’s priority in
- Maintain and prepare for a rebound: Continue with all segments. For this, strengthening the information
42 loan restructuring, improve system and capability, technology, the human resources, compliance and GCG
governance, operation model and operational are necessary to support business growth and become
excellence. the Bank’s central attention and focus into the future.
- Improve/Accelerate and maintain digital banking

growth momentum: Take advantage of the strength Important Matters Estimated to Occur in the Future
to generate faster income growth (Corporate, The Bank views that the future trend in the banking
Transaction Banking, Treasury and Wealth industry will be in the direction towards digitalization,
Management) and strengthen other businesses for of which its presence is now becoming more realized.
growth (SME, Consumer Financing and Jenius). Other future challenges of the banking industry are the
- Pursue sustainable growth: Continue growth in excess of the COVID-19 pandemic which are not fully
Corporate, Transaction Banking, Treasury and recovered.
Wealth Management segments as well as nurturing
the SME segment and Consumer Financing, expand From the global aspect, uncertainties will remain to exist
customer and income base through collaboration and will effect domestic economy during the period of
with digital ecosystem and explore new businesses. 2021-2023. Potential uncertainties will be triggered
by the progress in the implementation of COVID-19
Simultaneously, BTPN will continue to focus on vaccine to end the pandemic, how fast the global
proactively manage the loan restructuring of customers economic recovery will take, and the potential rise in
impacted by the pandemic. While for loans, the Bank trading tensions between the United States and China
will adopt a more comprehensive risk appetite for the altogether with other geopolitical risks.
MSME segment, Consumer Financing and “Mitra Usaha
Rakyat/Mikro” (the “People’s Business Partner/Micro”). In facing potential challenges in the future, mid and
long-term strategies are prepared by the Bank, among
The Bank also relies on the Corporate segment, as the others, enhance/accelerate and Maintain digital banking
Bank has risk appetite, core capability and support growth momentum, pursue sustainable growth.
of SMBC global network to generate faster income
growth. In the Corporate and Commercial segments,
CORPORATE GOVERNANCE INFORMATION TECHNOLOGY
IMPLEMENTATION DEVELOPMENT
Reflecting on the importance of GCG implementation,
BTPN continuously ensures that the principles or Development in information technology (IT) has long
norms of GCG are applied in every aspect of business been a concern of BTPN, at least since the year
throughout the Bank’s organizational structure. In line 2016. The presence of Jenius is one of the indicators
with regulations, implementation is conducted at the proving that digitalization practices within the Bank’s
Board of Commissioners and Board of Directors levels environment have been operating, and moreover with
down to the lowest level unit of the organization and in the fact that the Bank has become a leader in field of
relations with stakeholders. digital banking.
In accordance with the Financial Services Authority Part of the sustainable development in the year 2020
Regulation (POJK) No. 21/POJK.04/2015 and the was focused on preparation of the new IT Strategic
Financial Services Authority Circular Letter (SEOJK) Planning (ITSP) for the period of 2020-2022. This was a
No. 32/SEOJK.04/2015 on the Governance Guidelines response on the Bank’s merger as well as an effort to be
for Public Companies, the Bank has implemented the prepared to face future conditions.
aspects and principles of good corporate governance
based on “comply or explain” approach.
The focus of IT activities during the fiscal year, among
In the year 2020, the Bank has conducted several others, was the Bank’s consolidated core application
changes related to GCG implementation. Among them which comprised of the core banking system,
was the periodic review on the policies/ procedures on supporting application of the corporate banking function 43
the procurement of goods and services as well as on and other non-core banking applications. The objective
anti-fraud. was to simplify the application architecture post-merger.

The Bank also conducted periodic assessment on The Bank also continued to empower the digital
GCG implementation, in line with OJK Regulation platform on various products and channels as part of
No. 55/POJK.03/2016 and OJK Circular Letter No. creating a variety of digital platform architectures. Thus,
13/SEOJK.03/2017 on Governance Implementation the Bank was able to present the customers’ experience
for Commercial Banks. For this reason, in the year consistently and accurately.
2020 the Bank carried out self-assessment on GCG
implementation. Results of the assessment by the Bank Furthermore, the Bank also developed the credit card
is an inseparable part of the governance implementation system to add to the types of services to be offered
report. to customers. For the security of users of the digital
application, the Bank continued its implementation of
Composition of Shareholders and Ownership of the the customers’ authentication with the use of biometric
Board of Directors and the Board of Commissioners technology.
on the Business Group Shares
As part of GCG implementation, all members of the HUMAN RESOURCE MANAGEMENT
Board of Commissioners and the Board of Directors of
BTPN have no ownership of the Bank’s shares. This is a By the end of the fiscal year 2020, the total number of
supportive condition to the independency of the Bank’s employees of BTPN reached 7,482 persons. For the
management members, and at the same time avoids Bank, the employees are a very important part and
conflict of interests within the management of the Bank. inseparable of the Bank’s business journey.
For this reason, the Bank always strive to provide

the best in administering the management related
to employees, including competency development
and career. In line with the digitalization initiative and
efforts to overcome the COVID-19 pandemic, the Bank
changed its talent development program and training to
fully digital.
Management Report
Organizing training programs is not only focused on Fourth, to become an empowerment inspiration for
developing competency that supports business, but it Indonesia. Among its realization was the cooperation
is also designed to prepare employees in facing new with the University of Trisakti and the Business School
habits, including the new way of working. Among of IPB University, where Daya performed a volunteer
others is through the 493-hour training related to program followed by some 207 students from the two
leadership and information technology. campuses.
The culture and leadership alignment programs in all Fifth, to support the implementation of the Sustainable
levels of the organization are also conducted through Finance initiative in accordance with OJK Regulation
a communication program of the corporate vision, No. 51/ POJK.3/2017 on the Implementation of
mission and values to all employees. The head office Sustainable Finance for Financial Services Institutions,
management, including the Board of Directors for Issuers and Public Companies. To support the initiative,
example, takes on visits to branch offices, as well BTPN has carried out various things such as increasing
as the formation of change agents and program the sustainable finance portfolio for corporate customer,
implementation to increase employee engagement. training related to sustainable finance for employees
and developing procedures related to sustainable
CORPORATE SOCIAL RESPONSIBILITY finance.
IMPLEMENTATION
CHANGE IN THE COMPOSITION OF THE
Implementation of the Corporate Social Responsibility BOARD OF DIRECTORS
(CSR) in BTPN’s environment is carried out by Daya. In
44 the year 2020, Daya has actualized 5 (five) main pillars In the year 2020, there was a change in the composition
in the effort to improve the program quality and expand of the Board of Directors of BTPN. Through the
its scope of service. Extraordinary General Meeting of Shareholders (EGMS),
it was agreed on the change in the position of Deputy

First, the improvement of Daya’s program impact President Director from Kazuhisa Miyagawa to Kaoru
through daya.id. In this respect, Daya strives to Furuya.
increase the number of users as indicator of the scope
of impact. This is done through the improvement of the BTPN expresses its gratitude for the great contribution
quality and relevance of the material. Up to the end of provided by Kazuhisa Miyagawa during his service with
the year 2020, the number of visitors of Daya.id reached the Bank up to his participation in the implementation
833,926 visitors. of the business merger of SMBC Indonesia into Bank
BTPN in the year 2019.
Second, the development of relevant program and
empowering customers. For example, during year To Kaoru Furuya, the management wishes to welcome
2020, BTPN through Sinaya business unit developed him in joining BTPN. His experience with SMBC
a program through an online seminar in the effort to since 1989 will surely present great advantage to
enhance knowledge and capacity of customers. The development of the Bank.
program was carried out in 7 (seven) cities followed by
1,149 customers. The composition of the Board of Directors of Bank
BTPN as of the end of fiscal year 2020 is as follows:
Third, to strengthen collaboration with partners and President Director : Ongki Wanadjati Dana
customers. In the year 2020, Daya worked together Deputy President Director : Darmadi Sutanto
with some 17 partners in the fields of health, business Deputy President Director : Kaoru Furuya *
and education that were actively involved in the Compliance Director : Dini Herdini
development and implementation of Daya’s programs. Director : Yasuhiro Daikoku
Director : Henoch Munandar
Director : Adrianus Dani Prabawa
Director : Hiromichi Kubo
Director : Merisa Darwis
Director : Hanna Tantani
* Kaoru Furuya was appointed by the EGMS dated 18 November

2020 and effectively served as Deputy President Director on 4
January 2021 after obtaining a complete Work Permit from the
Ministry of Manpower of the Republic of Indonesia.
APPRECIATION TO STAKEHOLDERS
A journey of activities filled with challenges throughout

the year 2020 was well traversed by BTPN. We
realize that everything was managed well because
of the support of the stakeholders, through the
directives received from regulators or guidance from
the shareholders. For this reason, that we extend our
countless appreciation for all that have been carried out.
Likewise, to the employees who we believe have

contributed all resources, we extend our highest
appreciation. This include such other stakeholders as
our business partners who have worked with us for the
past years, thank you for your support.
We truly hope that next year and the future will be

better for us all. For this purpose, that cooperation
with stakeholders, both internal and external, are very
important.
45

Jakarta, March 2021
On behalf of the Board of Directors,

President Director
Management Report
The Board of Directors
46
2 4 5
1 3
1. Adrianus Dani Prabawa

Director
2. Henoch Munandar
Director
3. Dini Herdini
Compliance Director
4. Ongki W. Dana
President Director
5. Darmadi Sutanto
Deputy President Director
47
7
6 9 10
8
6. Kazuhisa Miyagawa
7. Merisa Darwis
Director
8. Yasuhiro Daikoku
Director
9. Hanna Tantani
Director
10. Hiromichi Kubo
Director
Management Report
The Board of Management
48
2 4
1 3
1. Nathan Christianto
Head of Wholesale Banking
2. Mira Fitria
Head of Human Capital
3. Helena
Head of Wealth Management Business
4. Irwan Sutjipto Tisnabudi
Head of Digital Banking
49
5 6 8
7
5. Jeffrey C. Tjoeng
Head of Business Banking
6. Nurhajati Soerjo Hadi
Head of Internal Audit
7. Jeny Mustopha
Head of Information
Technology
8. Vincentius Hidayat
Head of Retail Lending
Business
Management Report
Executive Officers
50
51
Management Report
Statement of Member of the Board of

Commissioners and Member of the
Board of Directors
We, the undersigned, declare that all information contained in the 2020 Annual Report of
PT Bank BTPN Tbk has been presented in their entirety, and that we assume full responsibility for the accuracy
of the contents of the Annual Report of PT Bank BTPN Tbk.
This statement is made truthfully.
Jakarta, April 2021
52
Chow Ying Hoong

Ninik Herlani Masli Ridhwan Takeshi Kimoto

Independent Commissioner Commissioner
Irwan Mahjudin Habsjah Edmund Tondobala

Independent Commissioner Independent Commissioner
Board of Directors

President Director
53

Kazuhisa Miyagawa * Darmadi Sutanto Dini Herdini
Deputy President Director Deputy President Director Compliance Director
Yasuhiro Daikoku Henoch Munandar Adrianus Dani Prabawa

Director Director Director
Hiromichi Kubo Merisa Darwis Hanna Tantani

Director Director Director
* note: Kazuhisa Miyagawa has resigned as Deputy President Director effective after the closing of the Extraordinary General Meeting of
Shareholders on 18 November 2020 (EGMS). EGMS accordingly agreed the appointment of Kaoru Furuya as Deputy President Director
who effectively assumes the office as of 4 January 2021 after obtaining the completed working permit from the Ministry of Manpower of
the Republic of Indonesia
COMPANY
PROFILE
56 General Information 88 Profile of Executive Officers
57 Brief History of The Company 91 Employee Statistics
58 Milestones 97 Ownership Structure
60 Line of Business 98 Composition and Profile of the
61 Product and Services Shareholders
62 Organizational Structure 98 Information on Ultimate Parent Entity
64 Vision, Mission & Main Values 99 Information on Majority Shareholders
66 Profile of The Board of Commissioners 102 List of Subsidiaries
71 Profile of The Board of Directors 102 Branch Offices
81 Audit Committee 103 Chronology of Share Listing
83 Risk Monitoring Committee 104 Chronology of Other Securities Listing
85 Remuneration and Nomination 105 Names and Addresses of Capital
Committee Market Institutions and/or Supporting
86 Integrated Governance Committee Institutions
106 Information on The Corporate Website
BTPN is a universal bank that has a

complete business products and services to
serve a wider range of customers, ranging
from the retail to corporate segments.
Company Profile
General Information
Name of Company Name of Stock Exchange and

Date of Listing
PT Bank BTPN Tbk
Indonesia Stock Exchange (12 March 2008)
Share Code
BTPN
Information on Name Changes

1958: Established under the name of Bank for Army ISIN Code
Retirees, or Bank Pegawai Pensiunan Militer
101000118508
(Bapemil)
56 1986: Bapemil changed its name to PT Bank
Tabungan Pensiunan Nasional
2019: PT Bank Tabungan Pensiunan Nasional Tbk Shareholder Composition
changed its name into PT Bank BTPN Tbk

(“BTPN”) Sumitomo Mitsui Banking Corporation (92.43%)
PT Bank Central Asia Tbk (1.02%)
PT Bank Negara Indonesia (Persero) Tbk (0.15%)
Public (5.23%)
Date of Establishment Treasury Stock (1.17%)
1958
Head Office Address

Line of Business Menara BTPN
CBD Mega Kuningan
Banking Services
Jl. Dr. Ide Anak Agung Gde Agung, Kav 5.5-5.6
Jakarta Selatan 12950, Indonesia
Legal Basis of Establishment

PT Bank Tabungan Pensiunan Nasional Tbk (“Bank”), Website and E-mail
established under Notarial Deed No. 21 dated 6 October
www.btpn.com
1959 by Notary Noezar S.H.
The deed was amended under Notarial Deed No. 203
[email protected]
dated 31 Mei 1960 and Notarial Deed No. 53 dated 7
November 1960 by Notary Noezar S.H., published in the
State Journal of the Republic of Indonesia No. 13 and
Supplement No. 5 dated 14 February 1961 Rating (Fitch)
Rating by PT Fitch Rating Indonesia AAA(idn),
Stable Outlook Rating by PEFINDO idAAA
Authorized Capital (Triple A, Stable Outlook)
Rp300,000,000,000
Issued and Paid Up Capital

Rp162.978.637.380
Brief History of
The Company
PT Bank BTPN Tbk was comprehensive business and
established in 1958 in Bandung, servicing its customers more
West Java, which initially provided extensively, starting from the retail
services take on savings and to corporate segments.
extend loans to members. In 1986,
the Bank transformed to become INFORMATION ON
PT Bank Tabungan Pensiunan THE CHANGES IN THE
Nasional (PT BTPN). COMPANY’S NAME
Established in 1958 under the
In 1993, it became a commercial name of Bank Pegawai Pensiunan
bank pursuant to the Decree of the Militer (Bapemil), then transformed
Minister of Finance of the Republic to become PT Bank Tabungan
of Indonesia No. 055/KM.17/1993 Pensiunan Nasional (PT BTPN),
dated 22 March 1993. This change with the business permit as a
is in line with the enforcement of Savings Bank to accomodate the 57
Legislation No. 7 of the Year 1992 provisions of Legislation No. 14
regarding Banking (which was of Year 1967 regarding Banking

further altered into Legislation No. General Provisions.
10 of the Year 1998).
Following the merger with PT
After 50 years in business, Bank Sumitomo Mitsui Indonesia
PT BTPN goes go public in 2008, (SMBCI) on 1 February 2019, PT
by divesting the shares owned by Bank Tabungan Pensiunan Nasional
government and listed itself in the Tbk changed its name to become
Jakarta Stock Exchange (Bursa PT Bank BTPN Tbk. This change
Efek Jakarta/BEJ) (now referred to in the name was officially in effect
as Indonesia Stock Exchange or following the decisions setforth as
Bursa Efek Indonesia/BEI). The described below:
year 2008 also marked the 1. The Approval of the Minister
PT BTPN’s milestone following the of Law and Human Rights
acquisition of 71.61% shares of of the Republic of Indonesia
BTPN by TPG Nusantara S.a.r.l. through the Decree Letter of
The Bank expanded its focus by the Miniter of Law and Human
venturing into Micro, Small and Rights of the Republic of
Middle-Scale (MSM) business Indonesia No. AHU-0006169.
sector. AH.01.10.YEAR 2019 on the
Approval of the Change in the
BTPN undertaken further Limited Company’s Articles of
transformation following its merger Association dated 22 January
with PT Bank Sumitomo Mitsui 2019;
Indonesia (SMBCI) on 19 December 2. The Decision of the Deputy
2018. Approval from the Japan Commissioner for Banking
Financial Sevices Authority was Supervisory of the Financial
officially released in 2019. Services Authority No. KEP-9/
PB.1/2019 on the Business
Since that year, BTPN officially Permit Confirmation on
began operations as a new bank behalf of PT Bank Tabungan
as a result of merged businesses. Pensiunan Nasional Tbk to
Business-wise, the Bank became become PT Bank BTPN Tbk as
a universal bank with a more of 28 January 2019.
Company Profile
Milestones
• Established in Bandung, In 2008, TPG Nusantara S.à.r.l. • BTPN launched its micro - small BTPN increased its assets to
West Java, under the name acquired a majority stake business unit, namely BTPN Mitra Rp34.5 trillion from Rp13.7
Bank Pegawai Pensiunan (71.6%) in BTPN through a Usaha Rakyat, by rolling out 539 trillion two years prior. The
Militer (Bapemil). public listing on the Indonesia branches and increasing the unit’s Bank ranked 10th in market
• In 1960, acquired a Stock Exchange. At this time, loans to Rp2.3 trillion. capitalization, ranked 5th in the
commercial bank license. BTPN became a publicly listed • The Bank issued its first Rupiah size of its branch network,
• In 1986, changed its name company with assets of Rp13.7 long term bond, which carried an and ranked 6th in the number of
to PT Bank Tabungan trillion. A+ national scale Fitch Rating, and employees.
Pensiunan Nasional. received a long-term Rupiah facility
from the International Finance
Corporation, a subsidiary of The
World Bank.
58
1958-1986 2008 2009 2010
2020 2019 2018

The merger of Bank BTPN with BTPN succeeded to complete
SMBCI was officially effective two important corporate
on 1 February. The business actions. The first, Initial Public
collaboration will strengthen Offering (IPO) of BTPN Syariah,
the Bank’s capacity to provide a subsidiary with the majority
a more comprehensive banking share ownership. Second, the
services for its wider customer merger process of BTPN with
base. We became a universal SMBC and subsidization of
In 2020, BTPN launched bank at this time. BTPN into SMBC.
SINAYA PRIORITAS and

collaborated with Jenius to
launch Sinaya Prioritas Apps.
• BTPN launched Daya, a sustainable mass • BTPN Syariah - Tunas Usaha • The financing of BTPN Syariah – Tunas Usaha
market empowerment program that is an Rakyat grew significantly Rakyat more than doubled in size to about Rp1.4
integral part of BTPN’s business activities. with 28,927 community trillion, accounting for approximately 3.0% of the
The Funding Business launched its Sinaya centers in Banten, and West Bank’s total loans. The sharia unit had 69,500
brand, which links up with the Daya and East Java, by the end of community groups (sentra) across the country,
initiative. the year, empowering over empowering over 931,500 customers in village
• Completed the pilot of the Sharia 444,000 customers in the communities.
Community Banking business (BTPN grass-root community. • BTPN acquired PT Bank Sahabat Purba Danarta
Syariah – Tunas Usaha Rakyat). • BTPN completed the piloting (Bank Sahabat) and converted it into a sharia bank
• BTPN expanded its ATM network through of its new mobile phone before spinning off its sharia unit into the newly
its ATM Prima network, in addition to banking platform called acquired entity in 2014.
its existing ATM Bersama network. This BTPN Wow!, which was • Sumitomo Mitsui Banking Corporation (SMBC)
brings the Bank’s ATM linked network to rolled out in 2015. from Japan acquired a 24.3% ownership in BTPN
more than 57,331 ATMs across Indonesia. through the purchase of shares owned by TPG
Nusantara S.a r.l. and other shareholders.
59
2011 2012 2013

2017 2016 2015 2014
BTPN expanded the features • In February 2016, BTPN BTPN formally launched BTPN SMBC expanded its share
of its BTPN Wow! and Jenius began operating as a Wow!, a digital mobile banking ownership in BTPN to become
mobile banking applications to foreign exchange Bank. platform for the mass market the controlling shareholder
expand the Bank’s customer The Bank received its that can be accessed with a with 40.0%. SMBC is Japan’s
base and increase the number foreign exchange license simple mobile phone and is second largest bank with a
of its banking transactions. in December 2015, which enabled by agents to widen market value of USD1.3 trillion
The customer-centric enabled it to conduct foreign its network reach in order to in assets.
focus of these two mobile currency transactions serve the previously unbanked
banking services has led to and gave it the flexibility communities. Banking
significant improvements in to start offering liability transactions that can be carried
customer experience and deposit products in foreign out on the platform include
impacted the way the Bank’s currencies. deposits, cash withdrawals,
supporting units operate. • Jenius, the Bank’s second fund transfers, bill payments,
This transformation, which is mobile phone platform and applying for micro loans as
called ‘Gemilang,’ covers the was launched. The Jenius well as the purchase of micro
Bank’s organizational structure, cellular phone service insurance products.
technology, human resources, allows users to use their
and risk controls. The Bank’s smartphones to connect
branch network has undergone with the Bank and conduct
a major transformation, where banking transactions. Up
all branches can provide to December 2016, Jeniusit
banking services to all had 70,000 followers on
customer segments. social media sites and over
3 million YouTube views.
Company Profile
Line of Business
LINE OF BUSINESS IN ACCORDANCE WITH 8. Provide placement of funds from customers to
THE ARTICLES OF ASSOCIATION other customers in the forms of securities, both
listed and non-listed at the Stock Exchange;
A. Main Business Activities 9. Purchase collaterals through public sale or other
1. Collect funds from the public in the forms means, in whole or partial, in the event debtors
of current accounts, time-deposits, deposit fail to perform their obligations to the Bank,
certificates, savings and/or others of similar provided that the purchased collaterals are to be
forms; liquidated immediately;
2. Provide long-term, mid-term as well as 10. Conduct factoring activities, credit card business
short-term credit lines, or other forms of loan and trusteeship;
appropriately provided by banks. 11. Conduct equity capital in banks carrying out
sharia-based business, in accordance with
B. Supporting Business Activities: regulations setforth by authorized agencies in
1. Issue acknowledgement of debt; the banking sector;
2. Purchase, sell or guarantee for its own-risk or 12. Conduct activities in foreign currencies by
for the interests and upon the request of the complying to regulations setforth by authorities;
customer: 13. Conduct equity capital in banks (including sharia
60 a. Money orders/drafts, including those banks) or other companies in such financial
accepted by the Bank with validity period sector as in lease business, venture capital,
not longer than usually applicable in normal securities companies, insurance, as well as in
trade of such drafts; clearing, guarantee, settlement and depository

b. Acknowledgement of debt and other trade institution, subject to compliance to regulations
documents with validity period not longer setforth by authorities;
than usually applicable in normal trade of 14. Conduct temporary capital investment to
such instruments; manage non-performing loan and/or failure in
c. State treasury notes and Government other financing, provided such investments must
guarantee letters; be withdrawn as stipulated in accordance with
d. Certificate of Bank Indonesia (SBI); regulations setforth by the Financial Service
e. Bonds; Authority;
f. Trade and/or promissory notes with validity 15. Take action as founder of pension funds and
period up to 1 (one) year; care-taker of pension funds in accordance with
g. Instruments of other futures securities with prevailing laws and regulations;
validty period up to 1 (one) year; 16. Issue various forms of letter of credit and bank
3. Transfer money for its own interest or for the guarantees;
interest of customers; 17. Conduct other activities normally performed
4. Place funds at, borrow funds from, or lend by banks, provided they are not in violation of
funds to other Banks, by means of letters, prevailing laws and regulations.
telecommunication facilities or drafts, cheque
and other means; LINE OF BUSINESS CARRIED OUT DURING
5. Receive payments securities collection and carry FISCAL YEAR
out settlements with or among third parties;
6. Provide space for safe deposit boxes to store The lines of business undertaken during the fiscal year
valuables and securities; are in accordance with those listed in the latest Articles
7. Provide depository services for the interest of Association.
of other parties pursuant to contract and/or
agreement;
Products and
Services
CORPORATE/WHOLESALE BTPN WOW! UMK/MIKRO
BANKING • Funding Wow! • Term Installment Credit
• Hedging Products • Productive and Consumer • People’s Business Credit
IRS/CCS and foreign exchange • Student Loan • Business Partner Savings
transactions • Supply Chain • Savings Equivalent to Time
Deposit
• Loan Products JENIUS • Financing for Oil Palm
- Bilateral and Syndication • Jenius Apps Smallholders
Loans (IDR, USD, and JPY) • Saving Accounts (Flexi Saver, • Upper Micro
- Working Capital Loan Dream Saver & Foreign
- Investment Loan Exchange) RETAIL LENDING BUSINESS
- Project/Structured Finance • Deposito (Maxi Saver) • Pension Loans
- ECA • Pembayaran Tagihan • Employee Loans
- Other Loan • ATM Card/Debit Jenius • Cross Over Loans
• Transfer (RTOL, SKN & RTGS) 61
• Cash Management Products • Top-up e-Wallet BUSINESS BANKING
- Current account and Term • Loan (Flexi Cash) • Cash Management

Deposits • Jenius Pay • CPP Business Partner
- Payment (ACH, RTGS, • Jenius QRIS • BPR Financing
Payroll, Wires) • Jenius Keyboard • ABF
- E-Tax Payment (non-import • Jenius for Business
and import taxes) • Bisniskit by Jenius SUPPLY CHAIN AND
- Collections (ACH, RTGS, • Moneytory STRUCTURED PROGRAM
Payroll, Wires, Cheque/ • Sinaya Prioritas on Jenius App • Supply Chain
Cash Deposit, Giro) • Lending Program
- Virtual Account TREASURY & FI
- Internet Banking/ Host to • Foreign Exchange CONSUMER FINANCE
Host • Derivative • Asset Based Financing (A/R
- Liquidity Management • Money Market Financing)
(domestic cash polling) • Fintech
WEALTH MANAGEMENT • Finance with MF
• Domestic, Trade of Export and BUSINESS
Import Products • Taseto Premium
- Import LC Issuance/Import • Taseto Bisnis
Bill Negotiation • Pasti Saving Account
- Export LC Advising/ • Sinaya Current Account
Confirmation/Export Bill • Time Deposit
Collection • Fleksi Time Deposit
- Documentary Collection • Mutual Fund
(DP, DA) • Bancassurance
- Trust Receipt/Trade Loan • Sinaya ATM/Debt Card
- Structured Trade Finance • Safe Deposit Box
- Receivable Purchase • Sharia Banking Services
- Bank Guarantees/SBLC • Weekend Banking
- Avalization • Sinaya Prioritas
Company Profile
Organizational
Structure
BOARD OF DIRECTORS COMMITTEES
Asset and Liability Committee Information Technology Steering

Credit Committee Human Capital Committee
ALCO Committee
Information Governance Steering Integrated Risk Management
Credit Policy Committee Risk Management Committee
Committee Committee
DEPUTY PRESIDENT
DIRECTOR
Kaoru Furuya*
DIRECTOR OF DIRECTOR OF
DIRECTOR OF DIRECTOR OF DIRECTOR OF RISK COMPLIANCE &
CORPORATE DIRECTOR OF WHOLESALE BANKING TREASURY OPERATIONS MANAGEMENT
BANKING JAPANESE Adrianus Dani Prabawa LEGAL
Hiromichi Kubo Merisa Darwis Henoch Munandar
62 Yasuhiro Daikoku Dini Herdini
HEAD OF HEAD OF
BUSINESS WHOLESALE
BANKING BANKING
Jeffrey Cheanandro Nathan Christianto
Tjoeng
Transaction Deputy Head of Portfolio

Corporate Business Banking Customer
Credit Risk Banking and Treasury Management & AML & CFT
Banking 2 Credit Risk Experience Center
Takane Shiomi Supply Chain Wiwig Wahyu Policy Hari Suci Yuliastuti
Tatsuro Suzuki Sidik Waskito, ST Ridwan Nugraha
Intan Natalia Wijaya Santoso Sendiaty Sondy, SE
Corporate Anti Fraud

SME Branch Banking Compliance
Banking 3 Commercial Management
P. Canisius Banking Hermanto Butet Sondang
Karinda Listyani Kusuma Adi
Credit Soriton, SE Rahardjo D. Sitepu
Rachmana Margareth P. Treasury Interbank Tarigan, SE
Jenny Susanto Santoso Eko Yanto, SE
Operations Operational Risk
Corporate Consumer Finance Corporate
Transaction Center Management
Banking 4 Fiandra Monica Secretary
Bambang Joko Heru Rustanto, SE
Loan - Afflan Eneng Yulie Andriani
Treasury Marketing Susilo
Husan Mahjudin Slamet Riyadi S.
Business Banking Reporting, Market &
Corporate Settlement
Incubation Digital Liquidity Risk General Counsel
Banking 5 & Access
SME & I-SME Management Argo Wibowo
Transaction Legal Tsuyoshi Nakayama Treasury Planning Management
I Ketut Sukadana Deni
Nur Arini Rudiyanto Lie Armen Darmanhuri
Business Banking
KYC Onboarding Risk Management Communications
Policy & Control General Services
Virni Anggia Planning & Daya
Commercial Novri Irza Bambang Anugerah
Septiranti Shigeaki Matsumoto Andrie Darusman
Banking Credit Hidayatullah Rachmad
Risk
Eddy Satria Nugraha
Sembiring Corporate Banking Business Banking Operations
Business Planning Strategy Development
Wibowo Kurniawan Anita Natalia Radhar Hasti
Credit Planning Handayani
Tubagus Dimas
Corporate Banking Business Banking
Andriadle Operations Control
Loan Reviewer Support
Fifi ** Willem E.O Umboh Assurance
Joko
Consumer Finance
Special Project
Ir. Ernin Saleh
Hasibuan
Committee of the Board of

* Appointed through EGMS dated Board of Board of Commissioner & Committee of the
18 November 2020 and effective Management Directors Board of Directors
assume the office on 4 January 2021
** Effective as of 27 December 2020
GENERAL MEETING OF
SHAREHOLDERS
(AGMS)
BOARD OF COMMISSIONERS
PRESIDENT DIRECTOR
Ongki Wanadjati Dana Risk Monitoring Remuneration and
Committee Nomination Committee
Integrated Governance
Audit Committee
Committee
DEPUTY PRESIDENT
DIRECTOR
Darmadi Sutarto
DIRECTOR OF HEAD OF HEAD OF HEAD OF RETAIL HEAD OF WEALTH HEAD OF DIGITAL

HEAD OF HUMAN
FINANCE INFORMATION INTERNAL AUDIT LENDING MANAGEMENT BANKING
CAPITAL
TECHNOLOGY Nurhajati Soerjo BUSINESS BUSINESS Irwan Sutjipto
Hanna Tantani Mira Fitria
Jeny Mustopha Hadi Vincentius Hidajat Helena Tisnabudi 63

Wholesale & Sales Distribution Digital Banking
Planning & Deputy IT Strategy & HC Strategy & Sales Management
Commercial Pension Business Acquisition, Service
CFO Planning Development Retail Banking WMB
Banking Audit 1 & Marketing Jenius
Yenny Lim Jufri Aris Munandar Risk Rudyanto Kemal
Iswandi Enrico Novian Anita Ekasari C
Adli Pamungkas
HCBP Corporate IT, Digital Liabilities & Digital
IT Business Sales Distribution Digital Banking
Financial Control Banking Banking & Management
Enablement Pension Business Solution
Tanpanjana Yvonne Febrina Analytics Audit WMB
Andi Febri Cahyo Micro Business 2 Frenky Guslove
Syofyan Willy Johan Banking Elvie Iskandar
Widjaja S. Helmud Simanjuntak
HCBP Business Erpantja Toho S. Digital Banking
Finance IT Digital Service Wealth Product
Technology & Banking Pasaribu Business Product
Enablement Sales Distribution Management
Operations Operations Audit Jenius
Debbie Gracia Pension Business WMB
Arif Suseno Joko Kurniawan Stefanus Rudy
Retnoningsih Retail Banking 3 Aegeus Hutama Anggraeni Arief Widjaja
Kristianto Analytics, Irradiatie Pierenika Soewito
HCBP Retail Business Planning Digital Banking
Alignment & IT Transaction
Banking Retail Lending & & Credit Policy Business Product
Synergy Management Payroll Loan
Galih Suri Pakerti Business Banking Erliana Tandoko Customer Jenius
Masayoshi Higuchi Setiasmo RLB
Ningrum Audit Experience WMB Waasi Briman
Dessy Natalia (PJs) Sanny Kumalasari Sumintardja
Retail Banking
IT Data HCBP IT & Business
Management Functions Funding & Digital Banking
Management Strategic Network &
Corporate Business
Hendra Rahardja Denty Avianty Toni Handiono Wirja Partnership & Distribution WMB
Functions Audit Performance &
Relationship
Ahmad Sairman Chairul Sani Customer Value
HCBP Operations Management
Farizy Pension Business Management
IT Special Projects & Outregion
Dewi Puspita Sari Lollyta Kurniawan
Iman Triono Aloysius Wilhelmus Audit
Jr. B Methodology, Qa &
Digital Banking
Development Product & Sales Partnership Jenius
HC Technology & Bernanta Budi Management RLB
IT Special Projects Febri
Operations Danardana Tri Sujatioadi
Lyzla Ariesta
Jemmy Maruto
Digital Banking
Business Solution Lending Business
& Customer Product BTPN Wow!
IT Special Projects Experience RLB
-
Yudi Sukendro Yose Parlinta, SIP.
Digital Banking Sales
Management BTPN
Business Risk RLB Wow!
IT Special Projects Medi Suharno, SE Mohammad Reza Rizal
Seiji Tamura
Digital Banking
Product & Customer
Experience BTPN
Wow!
Achmad Nusyirwan
Sugondo
Company
Ikhtisar Utama
Profile
Vision
To become the first choice bank in Indonesia, that
provides significant change in the life of millions of
people, mainly with the support of digital technology.
64
Mission
• To offer complete financial solution and

service to various segments of retail, micro,
SME and corporate business in Indonesia,
and for Indonesian Nation and Country as a
whole;
• To provide valuable opportunity for the
professional growth of the Bank BTPN
employees;
• To create significant and sustainable values
for the stakeholders, including for Indonesian
society;
• To use technology innovation as the main
differentiator to provide the best quality and
experience in its class to the Bank BTPN
clients and partners.
Main Values
The 5 (five) values the Bank adopted as guidelines for conducting
business activities are as follows:
As a professional, always Step up and

act with sincerity and a relentlessly
high ethical standard innovate Collaborate as one
team
Speed
65
Customer Proactive &
Integrity & Synergy
First Innovative
Quality

Always look Differentiate ourselves
at it from the through the speed and
customers’ point quality of our decision-
of view to provide making and service
additional value delivery
On Vision and Mission, the basic foundation of integration is to provide services for the customers
of SMBCI and BTPN in order to achieve their objectives and aspirations in the best possible means,
and expect a positive impact on the people of Indonesia. For that reason, the Bank will be the reliable
and trusted partner, capable of understanding and effectively fulfill the continuously evolving financial
needs of the customers.
The set Vision and Mission are in line with the joint business design as reflected in the summarized
joint-business plan. The Vision and Mission have also been reviewed by the Board of Commissioners
and the Board of Directors.
Company Profile
Profile of
The Board of Commissioners
Citizenship
Singaporean
Domicile
Singapore
Age
60 years at the end of Fiscal Year 2020
66 Educational Background
Business Administration in Finance from the National University of
Singapore (1984)
History of Position and Legal Basis Appointment

As President Commissioner of BTPN as per resolutions of the
Extraordinary General Meeting of Shareholders (EGMS) on
18 November 2020
Concurrent Positions
• Member of the Remuneration and Nomination Committee of BTPN
• Managing Executive Officer, Co-Head of Asia Pacific Division and
Head of Asia Growing Markets Division of SMBC
Work Experience
• Bank Officer, United Overseas Bank (1984-1987)
• Head of Syndication for Asia of ABN Amro Bank Asia HQ
(1996-1997)
• Branch Manager/Managing Director of Societe Generale Bank
(1997-2000)
• Head of Syndication S.E. Asia of Sumitomo Bank Singapore
Branch (2000-2005)
• General Manager, Debt Capital Market Department and Joint
General Manager of SMBC Singapore (2005-2010)
• General Manager of Planning Department Asia Pacific Division of
SMBC (2011-2013)
• Managing Executive Officer, Co-Head of Asia Pacific Division and
Head of Asia Growing Markets Division of SMBC, Singapore
(2013-2020)
Chow Ying Hoong Affiliation

President Commissioner Management relationship with Controlling Shareholders
Citizenship
Indonesian
Domicile
Jakarta
Age
Educational Background 67
• Bachelor’s Degree in Economics from the University of Trisakti
(1983)

• Master’s Degree in Finance from the University of Indonesia (2008)
History of Position and Legal Basis of Appointment

As Independent Commissioner of BTPN since the Merger
Effective Date of 1 February 2019 and reappointed
through the AGMS on 15 February 2019
• Chairman of the Audit Committee of BTPN
• Chairman of the Remuneration and Nomination Committee of
BTPN
• Member of the Integrated Governance Committee of the SMBC
Financial Conglomerate until 18 November 2020
Work Experience
• Senior Auditor at Utomo Accounting Office (SGV – Utomo) (1981-
1985)
• Last position as Head of Audit Development and Quality Control of
PT Bank Central Asia Tbk (1985-2012)
Affiliation
No affiliate relationship with the Board of Directors,
the Board of Commissioners and Controlling Shareholders
Ninik Herlani Masli Ridhwan

Company Profile
Citizenship
Japanese
Domicile
Singapore
Age
68
Educational Background
Bachelor of Arts in Business and Commerce from KEIO University

As Commissioner of BTPN since the Merger Effective Date of
1 February 2019 and reappointed through the AGMS on 15 February
2019
• Member of the Risk Monitoring Committee of BTPN
• General Manager of Asia Growing Markets Department of SMBC
• Commissioner of PT Summit Oto Finance
Work Experience
• Vice President, International Finance Department, Sumitomo Bank
Ltd (2000-2001).
• Vice President for Global Institutional Banking Department (“GIBD”)
of SMBC, Vice President for GIBD Singapore, Group Head & Senior
Vice President for Global Trade Finance Department Singapore
(2002-2013),
• Senior Vice President for Emerging Markets Business Division
(“EMBD”) Singapore, Joint General Manager for EMBD Tokyo and
Joint General Manager for Business Development Department at
the International Banking Unit of SMBC (2013-2018).
Affiliation
Management relationship with the Controlling Shareholders
Takeshi Kimoto
Commissioner
Citizenship
Indonesian
Domicile
Jakarta
Age
69
• Bachelor’s Degree in Economics from Erasmus University

Rotterdam, Netherlands (1974)
• Master’s Degree in Monetary & International Economics from the
University of Amsterdam (1978)

As Independent Commissioner of BTPN as per resolutions of the
Extraordinary General Meeting of Shareholders
(EGMS) on 11 September 2019.
• Chairman of the Risk Monitoring Committee of BTPN
• Chairman of Integrated Governance Committee of the SMBC
Financial Conglomerate
• President Commissioner of PT Sriboga Marugame Indonesia
Work Experience
• President Director of PT BT Securities Indonesia (1996-1999)
• Independent Commissioner of PT Bank Universal (1999-2000)
• Member of the People’s Consultative Assembly (MPR) from the
Group Delegation Fraction representing Indonesian Financial
Executives Association (IFEA) (2000-2004)
• President Director of PT ING Indonesia Bank (2000-2004)
• Commissioner of PT Sari Melati Kencana/Pizza Hut (2013-2016)
Affiliation
No affiliate relationship with the Board of Directors, the Board of
Commissioners and the Controlling Shareholders
Irwan Mahjudin Habsjah
Company Profile
Citizenship
Indonesian
Domicile
Jakarta
Age
70
• Bachelor’s Degree in Economics from Drake University, Des
Moines, Iowa, USA (1987)

• Master’s Degree in International Management from American
Graduate School of International Management / Thunderbird,
Glendale, Arizona (1990)

As Independent Commissioner of BTPN as per resolutions of the
Extraordinary General Meeting of Shareholders (EGMS) on 18
November 2020
• Member of the Audit Committee of BTPN
• Member of the Integrated Governance Committee of the SMBC
Financial Conglomerate
Work Experience
• Director of BCA Remittance Sdn Bhd Malaysia (2009-2011)
• Director of BCA Finance Hongkong (2011-November 2011)
• Head of Division of PT BCA Indonesia (2011- April 2020)
Affiliation
Commissioners and Controlling Shareholders
Pengalaman Kerja
• Direktur of BCA Remittance Sdn Bhd Malaysia (2009-2011)
• Direktur BCA Finance Hongkong (2011-November 2011)
Edmund Tondobala • Kepala Divisi di PT BCA Indonesia (2011-Aprl 2020)
Profile of
The Board of Directors
Citizenship
Indonesian
Domicile
Jakarta
Age
71
Bachelor’s Degree in Mechanical Engineering from the Institut

of Teknologi Bandung (ITB) (1981)

As President Director of BTPN since the Merger Effective Date of 1
February 2019 and reappointed through the AGMS on 15 February
2019
None
Work Experience
• Credit Cycle Manager – Consumer Banking of Citibank, N.A
(1987-1990)
• President Director of Bank Subentra (1993-1998)
• Senior Advisor of Bank Universal (1999-2000)
• Vice President Director of Bank Universal (2000-2002)
• Director of Wholesale Banking of Bank Permata (2002-2008)
• Vice President Director of PT Bank Tabungan Pensiunan
Nasional Tbk (2008-January 2019)
Affiliation
Commissioners and Controlling Shareholders

President Director
Company Profile
Citizenship
Japanese
Domicile
Jakarta
Age
72
Bachelor of Law from Gakushuin University, Jepang (1988)

Served as Deputy President Director of BTPN since the Effective Date
of the Merger, which is February 1, 2019 and was reappointed at the
AGMS on February 15, 2019
None
Work Experience
• Seoul Branch, Head of Planning Group, Korea of Sakura Bank
(1998-1999)
• Tokyo Corporate Business Office 1 and Global Corporate Banking
Dept. after merger, Staff (and Group Head later on) in Corporate
Business, Japan in SMBC (2000-2009)
• Seoul Branch, Joint General Manager, Korea of SMBC (2009-2013)
• President Director of PT Bank Sumitomo Mitsui Indonesia
(2014-January 2019)
Affiliation
No affiliate relationship with the Board of Directors, the Board
of Commissioners and the Controlling Shareholders
Kazuhisa Miyagawa
Citizenship
Indonesian
Domicile
Jakarta
Age
73
• Bachelor’s Degree in Civil Engineering from the University of

Trisakti, Jakarta (1988)
• Master Degree in Business Administration from University of
Western Illinois, Macomb (1991)

As Deputy President Director of BTPN based on the Annual General
Meeting of Shareholders (AGMS) on 23 April 2020 and effective from
14 May 2020
None
Work Experience
• National Sales Manager of Citibank (1991-2000)
• EVP Sales & Distribution of Standard Chartered Bank (2000-2006)
• SVP Distribution of Bank Permata (2007)
• Consumer Banking Director of ABN Amro/RBS (2007-2010)
• Consumer Banking Director of PT Bank Negara Indonesia (Persero)
Tbk (2010-2015)
• Commissioner of PT Metro Retailmart (2015-2018)
• Commissioner of PT Trans Ice (2015-2018)
• Commissioner of PT Bank Mega Tbk (2015-2018)
• Group Director of PT CT Corpora Bank Mega (2015-2018)
Affiliation
Darmadi Sutanto
Company Profile
Citizenship
Indonesian
Domicile
Jakarta
Age
74
Bachelor’s Degree in Law from the University of Trisakti, Jakarta (1987)

As Director of Compliance since the Merger Effective Date of
1 February 2019 and reappointed through the AGMS on 15 February
2019
None
Work Experience
• Legal Officer of PT Bank Sumitomo Niaga (1989-1993)
• Legal Manager of PT ING Bank (1993-1996)
• Head of the Legal Division of PT Bank PDFCI Tbk (1996-1999)
• Partner/Consultant in Law at Herdini & Partners Law Firm
(2000-2004)
• General Counsel & Corporate Secretary of PT Bank Danamon
Indonesia Tbk (2004- 2014)
• Director overseeing Compliance Function of PT Bank Sumitomo
Mitsui Indonesia (2014-January 2019)
Affiliation
Dini Herdini
Compliance Director
Citizenship
Japanese
Domicile
Jakarta
Age
51 years at end of Fiscal Year 2020
75
Bachelor of Law from Keio University, Japan (1992)

As Director since the Merger Effective Date of 1 February 2019
and reappointed through the AGMS on 15 February 2019
None
Work Experience
• Vice President of Sumitomo Bank (1999-2001)
• Section Head, Senior Vice President of SMBC Bangkok Branch
(2006-2008)
• Senior Vice President of Sumitomo Mitsui Banking Corporation,
Japan (2011-2015)
• Deputy President Director of PT Bank Sumitomo Mitsui Indonesia
(2015-January 2019)
Affiliation
Commissioners, and the Controlling Shareholders
Yasuhiro Daikoku
Director
Company Profile
Citizenship
Indonesian
Domicile
Jakarta
Age
76
Bachelor’s Degree in Economics from the University of Atma Jaya,
Jakarta (1989)

As Director since the Merger Effective Date of 1 February 2019 and
reappointed through the AGMS on 15 February 2019
None
Work Experience
• Sub-Branch Manager Bank Susila Bakti (1991-1993)
• Account Manager of Panin Bank (1993-1995)
• Account Manager of PT Bogor Multifinance (1995-1995)
• Local Corporate Head-Senior Manager of Sanwa Bank Indonesia/
Bank United Financial of Japan (UFJ) (1995-2006)
• Co-Dept Head of Corporate Banking, Bank of Tokyo Mitsubishi
UFJ (2006-2006)
• Deputy SMEC Risk + Remedial Head of PT Bank Danamon
Indonesia Tbk (2006-2010)
• Deputy Head of Credit/Head of Credit Risk Management of SMEC
Bank DBS Indonesia (2010-2013)
• Director of PT Bank Sumitomo Mitsui Indonesia
(2014-January 2019)
Affiliation
No affiliate relationship with the Board of Directors, the
Board of Commissioners, and the Controlling Shareholders
Henoch Munandar
Director
Citizenship
Indonesian
Domicile
Jakarta
Age
77
Bachelors Degree in Financial Administration from University

of New England, Armidale, Australia (1989)

None
Work Experience
• Account Officer of PT Bank Dagang Nasional Indonesia (BDNI)
(1990-1992)
• Account Relationship Manager of Standard Chartered Bank
(1992-1995)
• Senior Marketing Manager of PT BII Lend Lease (1995-1996)
• Vice President of ING Bank (1996-2003)
• Managing Director of PT Bank DBS Indonesia (2006-2014)
• Deputy President Director of PT Bank Sumitomo Mitsui Indonesia
(2014-January 2019)
Affiliation
Adrianus Dani Prabawa

Director
Company Profile
Citizenship
Japanese
Domicile
Jakarta
Age
78
Bachelor of Commercial Science from Kobe University, Hyogo, Japan
(1992)

None
Work Experience
• Manager of Foreign Exchange Group Trading Department of
Sakura Bank (1999-2001)
• Senior Vice President, Trading Group, Treasury Department of
SMBC New York Branch Office, (2006-2009)
• Head of Treasury, Treasury Department of SMBC Sydney Branch
Office (2011-2014)
• Deputy General Manager, Head of Treasury of Sumitomo Mitsui
Banking Corporation (SMBC) Sydney Branch Office (2014-2015)
• Joint General Manager, Planning Department, Treasury Unit of
SMBC, Tokyo (2015-2016)
• Treasury Director of PT Bank Sumitomo Mitsui Indonesia
(2016-January 2019)
Affiliation
Hiromichi Kubo
Director
Citizenship
Indonesian
Domicile
Jakarta
Age
79
• Bachelor’s Degree in Economics (Accounting major) from the

University of Airlangga (1990)
• Master of Business Administration from the Australian Graduate
School of Management, the University of New South Wales,
Australia (1993)

As Director of BTPN based on the Extraordinary General Meeting of
Shareholders (EGMS) on 11 September 2019
None
Work Experience
• Staff, Credit Operations & Trade Services, Management
Accountant, Manager Treasury Operations, AVP Treasury Services,
VP Global Payment & Cash Management, VP Credit Operation,
VP Area Finance of HSBC (1990-2004)
• Market Controller of American Express Bank (2004-2008)
• Financial Controller of Standard Chartered Bank (2008-2009)
• SVP MI Planning & Analysis of KCBA HSBC Indonesia (2009-2014)
• Finance Director of PT Bank HSBC Indonesia (2014-2018)
• Chief Financial Officer of PT Bank BTPN Tbk (2018-2019)
Affiliation
Hanna Tantani
Director
Company Profile
Citizenship
Indonesian
Domicile
Jakarta
Age
80
Bachelor’s Degree in Information Technology from Institut Teknologi
Bandung/ITB (1991)

As Director since the Merger effective date of 1 February 2019 and
reappointed through the AGMS on 15 February 2019
None
Work Experience
• Programmer/Analyst of USI/IBM Jakarta (1992-1993)
• Operations – Head of Control & Reporting, Head of Transaction
Services, Head of Control & Support, Head of Consumer IT &
Country IT Finance, and Head of IT QA, Privacy Officer and BISO
(Business Information Security Officer) of Citibank, N.A., Indonesia
(1996-2009)
• Operations - Head of Internal Control, Bank Barclays Indonesia
(2009-2010)
• HR & Internal Control Director of Bank Barclays Indonesia
(2010-2011)
• Head of the Internal Audit of PT Bank Tabungan Pensiunan
Nasional Tbk (2011-2016)
• Head of Operations of PT Bank Tabungan Pensiunan Nasional Tbk
(2017-January 2019)
Affiliation
Merisa Darwis Commissioners, and the Controlling Shareholders.
Director
Audit Committee
Citizenship
Indonesian
Domicile
Jakarta
Age
81
• Bachelor’s Degree in Economics (accouting Major) from

Tarumanegara University.
• Master’s Degree in Financial Management from PPM (2004)

Member (Independent Party) of the Audit Committee since 1 February
2019
None
Work Experience
• Audit Staff at PT Bank BCA Tbk (1986)
• Deputy Head of the Audit Division at PT Bank BCA Tbk (2016)
Citizenship
No affiliate relationship with the Board of Directors,
Ivan Purnama Sanoesi

Member (Independent Party)
of Audit Committee
Company Profile
Citizenship
Indonesian
Domicile
Bogor, West Java
Age
82 Educational Background
Bachelor’s Degree in Economics (Accounting major), University of
Padjadjaran (1971)
History of Professional Position and Legal Basis of Appointment &

Term of Office
As Member (Independent Party) of the Risk Monitoring Committee
since 1 February 2019
• Member (Independent Party) of the BTPN Risk Monitoring
Committee until 18 November 2020
• Member of the Professional Honors Board at the Risk Management
Association (PRIMA)
• Chairman of the Certification Board of the Indonesian Audit
Committee Institute.
Work Experience
• Managing Partner and Chairman of KPMG Indonesia (1978-1999)
• Founder and Senior Partner of KAP Kanaka Puradiredja, Suhartono
(2000-2007)
• Head of the Honorary Board of IAI (2002-2010)
• Head of the Management Board of the Indonesian Institute of the
Audit Committees (2004-2010)
• Concurrently remains as Chairman of the Certification Board of the
Indonesian Institute of the Audit Committee
• Concurrently remains as Honorary Member of Professionals in Risk
Management Association (PRIMA)
Affiliation
Kanaka Puradireja No affiliate relationship with the Board of Directors, the Board of
Member (Independent Commissioners, and the Controlling Shareholders
Party) of Audit Committee
Risk Monitoring Committee
Citizenship
Indonesian
Domicile
Jakarta
Age
Educational Background 83
• MBA I Finance from John. M. Olin School of Business, Washington
University, St. Louis, USA (1993)

• Financial Risk Manager (FRM®) from Global Association of Risk
Professional (“GARP”)

As Member (Independent Party) of the Risk Monitoring Committee
since 1 February 2019
None
Work Experience
He started his career in 1984 as an Account Officer at PT Bank
Exim, then continued as a Bureau Head, a Commissioner at PT Exim
Securities and Group Head at PT Bak Mandiri. He was also GARP’s
Regional Director (2005), Deputy Head of IRPA (2006) and CEO &
President Director of the Risk Forum School of Finance since 2007 until
present
Affiliation
Sofyan Rambey
Member (Independent
Party) Risk Monitoring
Committee
Company Profile
Citizenship
Indonesian
Domicile
Jakarta
Age
84
Bachelor of Accounting from University of Gadjah Mada in 1983.
History of Position, Legal Basis & Term of Office

• As Member of Risk Monitoring Committee since 18 November
2020
• Member (Independent Party) of the Integrated Governance
Committee since February 1, 2019.
None
Work Experience
• Executive Vice President-Head of Network & Services (2004-2005)
and Executive Vice President - Head of Subsidiaries & Special
Asset Management (2002-2003)
• Executive Vice President - Head of Retail Sales & Services (2006-
2007)
• Executive Director-Compliance & Human Resources of PT Bank
Niaga Tbk (2007-2008).
• Executive Director - Compliance & Human Resources of PT Bank
Bumiputera Indonesia Tbk (2009-2011)
• Advisor, Asset Restructuring and Recovery of PT Bank CIMB Niaga
Tbk (2011-2016)
• Audit Committee & Risk Monitoring Committee PT Bank BTPN Tbk
(2016-2019)
Affiliation
Yosef Antonius Boliona Commissioners, and the Controlling Shareholders
Badilangoe
Member (Independent
Party) Risk Monitoring
Committee and Integrated
Governance Committee
Remuneration and Nomination
Committee
Citizenship
Indonesian
Domicile
Jakarta
Age
• The London School of Economics and Political Science (LSE), UK. Post 85
Graduate Reseach, Organisational Psychology (2004 - 2006)
• Lancaster University, UK. Master of Arts (MA) in Organisational Analysis

and Behaviour (2000 - 2001)
• University of Indonesia, Bachelor of Arts (BA), Psychology (1996 - 2000)
History of Position, Legal Basis of Appointment & Term of Office

As a member of Remuneration & Nomination Committee since 1 July 2020
None
Work Experience
• Citibank Indonesia
- Management Associate Citibank Indonesia (2001-2002)
- Investment, Treasury and Insurance Compliance Manager Citibank
Indonesia (2002-2003)
• Regional Management Associate: Consumer Bank Training &
Development Manager Citibank Asia Pacific Consumer Bank, Singapore
(2003-2004)
• Leadership, Talent and Performance Management Head CITI Indonesia
(2006-2008)
• HR Generalist for Retail Bank, Consumer Finance, Risk Management
and Financial Control CITI Indonesia (2008-2013)
• Senior HR Business Partner Microsoft Indonesia (2013-2014)
• Human Resources Director Microsoft Indonesia (2014-2016)
• CHRO - Corporate Affairs & Sustainability, Human Resources, Technology,
and Strategy Management The Body Shop Indonesia (2017-2019)
• VP of Human Resources Danone Waters Indonesia (2019-2020)
• Head of Human Capital, PT Bank BTPN Tbk (2020-Present)
Mira Fitria
Member (HC Executive Affiliation
Officer) Remuneration and No affiliate relationship with the Board of Directors, the Board of
Nomination Committee Commissioners, and Controlling Shareholders
Company Profile
Integrated Governance Committee
Citizenship
Indonesian
Domicile
Jakarta
Age
86
Bachelor’s and Master’s Degrees in Law, in 1984 and 2005 respectively,
from the Faculty of Law at University of Padjadjaran; participated

in various training programs including those conducted by LSPP,
Indonesian Advocates Association, Dubai International Finance Center,
Corporate Leadership Development Institute and Training Social
Innovation in Action organized by The Economist

As Member of the Integrated Governance Committee since 1 February
2019
Independent Commissioner of BTPN Syariah.
Work Experience
• PT Indosat (1985-1999)
• Head of Chairman Office at the Indonesia Bank Restructuring
Agency (1999-2000)
• Secretary to Junior Minister of the Ministry for National Economic
Restructuring-RI (2001)
• Commissioner of PT Indosat Mega Media Mobile (2002-2003)
• Commissioner of PT Satelindo (2002-2003)
• Chief of Legal and Compliance of PT Indosat (2009-2010)
• Partners in Bahar and Partners Attorney At Law (2010-2013)
• Senior GM of Corporate Legal, Governance and Compliance and
Advisor to CEO at XL-Axiata Tbk (2013 - November 2018).
Affiliation
Dewie Pelitawati No affiliate relationship with the Board of Directors. The Board of
Member of Integrated Commissioners, and the Controlling Shareholders
(Independent
Commissioner of BTPN
Syariah)
Citizenship
Indonesian
Domicile
Jakarta
Age
46 year at the end of Fiscal Year 2020
87
Bachelor’s Degree in Sharia from University of Islam Madinah in 1997

and Postgraduate Degree in Daarul Ulum from University of Kairo in
2013. Certified DPS Sharia Banking level I (2008) ad level II (2013)
from DSN-MUI and BI, as well as Pra Ijtima Sanawi Workshop for
improvement of DPS Banking Competence, Financing and Sharia
Venture Capital (2016)

As Member of the Integrated Governance Committee since
1 February 2019
None
Work Experience
• Chairman of the Sharia Supervisory Board at UUS PT Bank
Permata, Tbk (2008-present)
• Deputy Lecturer of PP Darul Rohman (2008-present)
• Deputy Secretary of MUI Fatwa Commission (2010-present)
• Chairman of the Sharia Supervisory Board at PT IMFI Syariah
(2012-present)
• Deputy Chairman of Bahtsul Masail Institute at PBNU
(2015-present)
Affiliation
Muhammad Faiz
Member of Integrated
(Sharia Supervisory Board
of BTPN Syariah)
Company Profile
Profile of
Executive Officers
Joined
No. Name Education Level University Position
BTPN
1 Tatsuro Suzuki Bachelor Degree Aoyama Gakuin University 2019 Corporate Banking 2 Head
2 Karinda Listyani Bachelor Degree Ritsumeikan Asia Pacific 2019 Corporate Banking 3 Head
Rachmana University
3 Hiroaki Seguchi Bachelor Degree Tokyo University of Science 2020 Corporate Banking 4 Head
4 Tsuyoshi Nakayama Bachelor Degree Kobe University 2019 Corporate Banking 5 Head
5 Virni Anggia Septiranti Bachelor Degree Institut Ilmu Sosial Ilmu Politik 2019 KYC Onboarding Manager
Jakarta
6 Wibowo Kurniawan Bachelor Degree Universitas Bina Nusantara 2019 Corporate Banking
Business Planning Head
7 Fifi Bachelor Degree Tokyo International University 2019 Corporate Banking Loan
Reviewer Head
8 Nathan Christianto Master Degree University of Tokyo 2019 Head of Wholesale Banking
9 Intan Natalia Wijaya Bachelor Degree Sanata Dharma - Jogjakarta 2019 Transaction Banking &
Supply Chain Head
10 Margareth P. Santosa Master Degree Universitas Indonesia 2019 Commercial Banking Head
11 Wiwig Wahyu Santoso Bachelor Degree CSU Fullerton 2019 Deputy Head of Treasury
88 12 Eko Yanto SE Master Degree Universitas Padjadjaran, 2019 Treasury Interbank Head
Bandung
13 Slamet Riyadi S. Bachelor Degree Perbanas Institute 2019 Treasury Marketing Head
14 Rudiyanto Lie Master Degree Tokyo Institute of Technology 2019 Treasury Planning Head
15 Jeffrey Cheanandro Bachelor Degree Oklahoma State University 2020 Head of Business Banking
Tjoeng
16 I Ketut Sukadana Bachelor Degree Univ Brawijaya, Financial 2008 Business Incubation Digital
Management, Business SME & I-SME Head
Administration Faculty
17 Willem E.O Umboh Bachelor Degree Universitas Sam Ratulangi 2015 Business Banking Support
Manado Head
18 Sidik Waskito,ST Bachelor Degree Universiatas Sebelas Maret 2012 Business Banking Credit
Risk Head
19 Novri Irza Bachelor Degree Universitas Gadjah Mada 2019 Business Banking Policy &
Hidayattullah Control Head
20 P Canisius Soriton, SE Bachelor Degree Universitas Sam Ratulangi 2013 SME Head
Manado
21 Anita Natalia Bachelor Degree Universitas Trisakti 2013 Business Banking Strategy
Head
22 Fiandra Monica Affian Bachelor Degree Universitas Trisakti 2019 Consumer Finance Head
23 Erpantja Toho S. Bachelor Degree Universitas Sumatera Utara 2019 Micro Business Banking
Pasaribu Head
24 Yenny Lim Bachelor Degree Oregon State University 2019 Planning & Deputy CFO
25 Arif Suseno Bachelor Degree Universitas Indonesia 2019 Finance Technology &
Operations Head
26 Tanpanjana Bachelor Degree Stie Widya Wiwaha 2008 Financial Control Head
27 Masayoshi Higuchi Master Degree University of Rochester 2019 Alignment & Synergy Head
28 Jeny Mustopha Master Degree Emeritus Institute of 2020 Head of Information
Management Technology
29 Jufri Bachelor Degree Alexander Collage - Perth, 2013 IT Strategy & Planning
Western Australia Head
30 Andi Febri Cahyo Master Degree Others 2008 IT Business Enablement
Head
31 Hendra Rahardja Bachelor Degree Universitas Gunadarma 2019 IT Data Management Head
32 Setiasmo Master Degree Swiss German University 2017 IT Transaction Management
Head
33 Joko Kurniawan Bachelor Degree Binus Business School 2010 IT Digital Service
Enablement Head
34 Iman Triono Master Degree Others 2019 IT Special Projects 1
35 Lyzia Ariesta Bachelor Degree Universitas Padjadjaran 2009 IT Special Projects 2
36 Yudi Sukendro Master Degree Tu Delft, Netherland 2020 IT Special Projects 3
Joined
BTPN
37 Seiji Tamura Bachelor Degree Tokyo Institute of Technology 2020 IT Special Projects 4
38 Sendiaty Sondy SE Bachelor Degree Universitas Trisakti 2012 Portfolio Management &
Policy Head
39 Kusuma Adi Tarigan, Bachelor Degree Universitas Sebelas Maret 2016 Anti Fraud Management
SE Head
40 Heru Rustanto, SE Master Degree Universitas Tarumanagara 2014 Operational Risk
Management Head
41 Deni Master Degree Universitas Indonesia 2019 Market & Liquidity Risk
Management Head
42 Shigeaki Matsumoto Bachelor Degree The University of Electro- 2019 Risk Management Planning
Communications (Japan)
43 Takane Shiomi Bachelor Degree Waseda University 2019 Credit Risk Head
44 Husan Mahjudin Bachelor Degree Universitas Trisakti 2019 Loan Head
45 Jenny Susanto Bachelor Degree Monash University, Australia 2019 Credit Head
46 Nur Arini Bachelor Degree Universitas Indonesia 2019 Transaction Legal Head
47 Eddy Satria Nugraha Master Degree Sekolah Tinggi Manajemen 2019 Commercial Banking Credit
Sembiring Prasetiya Mulya (Jakarta) Risk Head
48 Tubagus Dimas Master Degree Magister Management Agribisnis 2019 Credit Planning Head
Andriadie - Institut Pertanian Bogor
49 Hari Suci Yuliastuti Bachelor Degree Universitas Gadjah Mada 2019 Anti Money Laundering &
CFT Head
50 Butet Sondang Sitepu Master Degree Universitas Gadjah Mada 2009 Compliance Head
51 Eneng Yulie Andriani Master Degree Universitas Indonesia 2019 Corporate Secretary Head 89
52 Argo Wibowo Master Degree Universitas Indonesia 2011 General Counsel
53 Andrie Darusman Bachelor Degree Universitas Indonesia 2015 Communications & Daya

Head
54 Bambang Joko Susilo Bachelor Degree Universitas Trisakti 2014 Operations Transaction
Center Head
55 Radhar Hasti Bachelor Degree Universitas Katolik Parahyangan 2008 Operations Development
Handayani Head
56 Hermanto Rahardjo D. Bachelor Degree Universitas Padjadjaran 2014 Branch Banking Head
57 Ridwan Nugraha Master Degree Universitas Katolik Indonesia 2011 Customer Experience
Atma Jaya Jakarta Center Head
58 Joko Bachelor Degree Universitas Katolik Indonesia 2015 Operations Control
Atmajaya Assurance Head
59 Armen Damanhuri Bachelor Degree Universitas Indonesia 2019 Reporting, Settlement &
Access Management Head
60 Bambang Anugerah Bachelor Degree Universitas Trisakti - Jakarta 2019 General Services Head
Rachmad
61 Mira Fitria Master Degree Lancaster University, UK 2020 Head of Human Capital
62 Yvonne Febrina Master Degree Golden Gate University 2019 HCBP Head Corporate
Syofyan Banking
63 Aris Munandar Master Degree Loughborough University 2017 HC Strategy & Development
Head
64 Aloysius Wilhelmus Master Degree Others 2019 HCBP Head Operations &
Jr. B Outregion
65 Jemmy Maruto Bachelor Degree Universitas Bina Nusantara 2020 HC Technology &
Operations Head
66 Debbie Gracia Master Degree Thunderbir, Graduate School of 2015 Hcbp Head Business
Retnoningsih International Management Banking
67 Galih Suri Pakerti Bachelor Degree Belum Ada Data 2008 HCBP Head Retail Banking
Ningrum
68 Denty Avianty Master Degree Universitas Indonesia 2015 HCBP Head IT & Functions
69 Nurhajati Soerjo Hadi Bachelor Degree Oregon State University, Or - 2015 Head of Internal Audit
USA
70 Willy Johan Widjaja S. Master Degree Bina Nusantara 2016 IT, Digital Banking &
Analytics Audit Head
71 Bernanta Budi Bachelor Degree Universitas Indonesia 2019 Audit Methodology, Qa &
Danardana Development Head
72 Dessy Natalia Bachelor Degree Stie Malangkucecwara 2012 Retail Lending & Business
Banking Audit Head
73 Stefanus Rudy Bachelor Degree Institut Pertanian Bogor 2013 Operations Audit Head
Kristianto
Company Profile
Joined
BTPN
74 Ahmad Salman Farizy Master Degree Indonesia Banking School 2015 Funding & Corporate
Functions Audit Head
75 Iswandi Bachelor Degree Universitas Lampung 2019 Wholesale & Commercial
Banking Audit Head
76 Vincentius Hidayat Bachelor Degree Universitas Brawijaya Malang 2019 Head of Retail Lending
Business
77 Yose Parlinta,Sip. Bachelor Degree Universitas Gadjah Mada 2011 Business Solution &
Customer Experience Head
RLB
78 Medi Suharno, SE Master Degree Universitas Narotama Surabaya 2017 Business Risk Head RLB
79 Enrico Novian Bachelor Degree Universitas Indonesia 2008 Sales Distribution Head
Pension Business 1
80 Helmud Simanjuntak Master Degree Stie Ibek Jakarta 2020 Sales Distribution Head
Pension Business 2
81 Irradiatie Pierenika Bachelor Degree Universitas Gajah Mada 2010 Sales Distribution Head
Pension Business 3
82 Dewi Puspita Sari Bachelor Degree Universitas 2017 Strategic Partnership &
Relationship Management
Head Pension Business
83 Tri Sujatioadi Bachelor Degree Institut Teknologi Bandung 2010 Product & Sales
Management Head RLB
84 Helena Bachelor Degree Intstitut Pertanian Bogor 2008 Head of Wealth
Management Business
90 85 Rudyanto Kemal Bachelor Degree Universitas Gajah Mada 2009 Sales Management Head
WMB
86 Aegeus Hutama Master Degree Universitas Indonesia 2020 Wealth Product
Soewito Management Head WMB

87 Chairul Sani Bachelor Degree Universitas Islan Sumatera Utara 2009 Network & Distribution
Head WMB
88 Elvie Iskandar Bachelor Degree Others 2008 Liabilities & Digital
Management Head Wmb
89 Sanny Kumalasari Master Degree Unika Atma Jaya 2019 Customer Experience Head
WMB
90 Anggraeni Arief Master Degree University of California 2016 Digital Banking Consumer
Widjaja Product Head Jenius
91 Frenky Guslove Bachelor Degree President University 2015 Digital Banking Solution
Head
92 Irwan Sutjipto Bachelor Degree The University of New South 2016 Head of Digital Banking
Tisnabudi Wales
93 Febri Master Degree Prasetiya Mulya 2015 Digital Banking Partnership
Head Jenius
94 Lollyta Kurniawan Master Degree The American Graduate School 2017 Digital Banking Business
of International Management Performance & Customer
Valuemanagement Head
95 Anita Ekasari. C Bachelor Degree Universitas Katolik Parahyangan 2016 Digital Banking Acquisition,
Service & Marketing Head
Jenius
96 Waasi Briman Bachelor Degree Universitas Padjadjaran 2010 Digital Banking Business
Sumintardja Product Head Jenius
97 Achmad Nusyirwan Bachelor Degree University of Toledo 2011 Digital Banking Product &
Sugondo Customer Experience Head
Btpn Wow!
98 Mohammad Reza Bachelor Degree Universitas Indonesia 2011 Digital Banking Sales
Rizal Management Head Btpn
Wow!
99 Adil Pamungkas Bachelor Degree Upn Veteran Yogjakarta 2020 Retail Banking Risk Head
100 Toni Handiono Wirja Master Degree Saint Louis University 2010 Retail Banking Business
Management Head
101 Erliana Tandoko Bachelor Degree IPB 2015 Retail Banking Analytics,
Business Planning& Credit
Policy Head
Employee Statistics
As of 31 December 2020, the number of BTPN’s employees was recorded at 7,482, with details as follows:
NUMBER OF EMPLOYEES BASED ON EMPLOYMENT STATUS
Employment Status 2020 2019 2018
Permanent 6,908 6,948 6,437

Contract 574 792 1,365
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON GENDER
Gender 2020 2019 2018
Male 4,392 4,584 4,751

Female 3,090 3,156 3,051
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON EDUCATION LEVEL 91

Education 2020 2019 2018

< D1-D3/Academy 1,287 1,485 1,513
S1/Bachelor’s Degree 5,899 5,970 6,025
S2-S3/Master’s Degree 296 285 264
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON DIRECTORATE
Directorate 2020 2019 2018
Analytics & Decision Science - 16 15

Branchless Banking - 232 249
Business Banking 789 1,831 1,998
Business Incubation - - 6
Corporate Banking - Japanese 96 85 -
Credit Risk 47 42 219
Digital Banking 506 290 -
Executive Secretary to Retail Banking Director 1 - -
Human Capital 92 102 95
Internal Audit 56 57 52
Compliance & Legal 100 98 -
Compliance & Risk Management - - 127
Finance 67 59 70
Risk Management 50 51 -
Micro Business Banking 758 - -
Operations 2,251 2,311 2,371
Retail Banking Analytics, Business Planning & Credit 28 - -
Policy
Retail Banking - 2 -
Retail Banking Business Management 2 2 -
Retail Banking Risk 620 - -
Retail Credit Risk - 434 -
Company Profile
NUMBER OF EMPLOYEES BASED ON DIRECTORATE
Directorate 2020 2019 2018
Retail Risk - - 483

Retail Funding Business - 682 706
Retail Lending Business 736 895 974
Strategy Implementation - - 1
Supply Chain & Structure Program Business - - 15
Secretary To Deputy President Director 1 1 -
Teknologi Informasi 459 405 356
Treasury 35 33 -
Wealth Management Business 642 - -
Wholesale Banking 144 112 65
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON GRADE OF POSITION
Grade of Position 2020 2019 2018
Grade 2-7 (Clerical) 2,073 2,266 2,024

Grade 8-9 (Officer/Supervisor) 1,720 1,909 2,586
Grade 10-13 (Management) 2,809 2,692 2,418
92 Grade 14-15 (Senior Management) 708 706 649
Grade 16-17 (Top Management) 161 154 115
Grade 17 above (Board Management) 11 13 10
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON AGE
Age 2020 2019 2018
< 25 Years 278 384 447

25-29 Years 1,308 1,533 1,472
30-34 Years 2,005 2,139 2,373
35-39 Years 1,924 1,870 1,841
40-44 Years 1,026 902 827
45-49 Years 545 550 520
50-54 Years 378 347 311
55-59 Years 18 14 11
> 60 Years - 1 -
TOTAL 7,482 7,740 7,802
NUMBER OF EMPLOYEES BASED ON YEARS OF SERVICE
Years of Services 2020 2019 2018
0 - < 1 Year 1,909 2,271 2,137

> 1 - < 3 Years 735 850 1,410
> 3 - < 5 Years 1,084 1,232 1,456
> 5 - < 10 Years 2,488 2,531 2,117
> 10 - < 20 Years 970 538 338
> 20 Years 296 318 344
TOTAL 7,482 7,740 7,802
EMPLOYEE COMPETENCY DEVELOPMENT
Cost of Competency Development

Throughout the year 2020, Bank BTPN has invested some Rp71.07 billion in training costs, a much lower amount
compared to the Rp110.6 billion spent in 2019. Meanwhile for the year 2021, the Bank allocated a budget of 5% of
the employees’ expense.
Description 2020 Realization
Number of Training Programs 281
Number of Participants 87,970

Total Man-days 30,038
Total Investment in Training (Rp million) 71,070
Average Investment in Training per Employee (Rp million) 9.6

Total Training Hours 240,305
SUMMARY OF TRAINING IMPLEMENTATION
2020 2019 2018 2017
Number of Training Programs 281 279 207 360

93
Number of Participants 87,970 77,743 26,263 16,928
Total Man-Days 30,038 28,267 18,734 16,291

Total Training Hours 240,305 226,137 221,655 130,326
TRAINING BASED ON POSITION LEVEL

Number of
Position Level Type of Training Training Objective Organizer
Participants
Building leadership
Leadership Development
Unit head 91 competencies, especially for first Dynargie
Program (LDP) P1
time leaders
Building leadership
Leadership Development
Departement Head 47 competencies, especially for Dynargie
Program (LDP) P2
leading a team
Regulatory SMR Certification

Based on the PBI 372 SMR Level 1 RDS / BSL
(PBI)

(PBI)

(PBI)

Based on the PBI 7 SMR Level 4 RDS / BSL / GPS
(PBI)

Based on the PBI 1 SMR Level 5 RDS / BSL / GPS
(PBI)

Based on the PBI 383 Refreshment SMR Level 1 RDS
(PBI)

(PBI)

(PBI)

(PBI)

(PBI)
Company Profile
COMPETENCY DEVELOPMENT OF THE BOARD OF COMMISSIONERS
No Name Training Date
1 Chow Ying Hoong 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
President Commissioner 2. Senior Officer Briefing on Financial Highlights of 2019 and Managing 2. 8 April 2020
the Bank through COVID-19
3. BTPN Leadership Workshop as part of the BTPN Operating Model 3. 5 June 2020
4. Impact Analysis of Economic Conditions due to COVID- 19 4. 9 June 2020
5. Session I - Leadership Alignment Workshop 5. 16 June 2020
6. Session II - Leadership Alignment Workshop 6. 18 June 2020
7. Session III - Leadership Alignment Workshop 7. 22 June 2020
8. BTPN : Refreshment Risk Certification (Mandatory) for all BOC 8. 1 September 2020
Members
9. Economic Outlook Seminar dari Creco Consultant Group 9. 20 October 2020
10. BTPN : Leadership Series: COVID-19 : Opportunities for MSMEs and 10. 10 December 2020
Digitization of Financial Services
11. PwC Future of Banking Event 11. 11 December 2020
2 Takeshi Kimoto 1. Bahasa Indonesia 5 days course 1. 10-14 February 2020

Commissioner 2. Analysis of Economic Condition Impact from COVID-19 2. 31 March 2020
3. APPI Seminar 3. 28 May 2020
4. AGMD Socialization by Commissioner Office Unit 4. 4 June 2020
5. Impact Analysis of Economic Conditions due to COVID -19 5. 9 June 2020
9. SMBC Compliance Training - Insider Dealings and Conflicts of 9. 26 August 2020
Interest
94 10. Risk Certification Refreshment (Mandatory) for all BOC members
11. SMBC Compliance Training - Banking Secrecy, PDPA, Firewall
10. 1 September 2020
11. 28 September 2020
13. Leadership Series Training - Opportunities for MSMEs and 13. 10 December 2020
Digitization of Financial Services by Graham Wright (Microsave

Consulting)
3 Ninik Herlani Masli Ridhwan 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
Independent Commissioner 2. Impact Analysis of Economic Conditions due to COVID 19 2. 9 June 2020
3. Risk Certification Refreshment (Mandatory) for all BOC members 3. 1 September 2020
Consulting)
4 Irwan Mahjudin Habsjah 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
Independent Commissioner 2. Impact Analysis of Economic Conditions due to COVID-19 2. 9 June 2020
3. Program Pemeliharaan Sertifikasi BNSP 3. 30 June 2020
4. Regulasi dan Peran Pengurus (Dewan Komisaris dan Direksi) terkait 4. 12 August 2020
Kesehatan Bank
5. Etika Integritas dan Tata kelola di Industri Finansial 5. 25 August 2020
6. Risk Certification Refreshment (Mandatory) for all BOC members 6. 1 September 2020
8. The Age of Digital Transformation : Enabling Organizations with 8. 19 November 2020
Artificial Intelligence During Market Transitions
Consulting)
5 Edmund Tondobala 1. Refreshment Manajemen Risiko Level 4 1. 6 April 2020

Independent Commissioner 2. Leadership Series Training - Opportunities for MSMEs and 2. 10 December 2020
Consulting)
COMPETENCY DEVELOPMENT OF THE BOARD OF DIRECTORS
1 Ongki Wanadjati Dana – 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
President Director 2. Impact Analysis of Economic Conditions due to COVID-19 2. 9 June 2020
6. Executive Risk Management Certification Refresher 2020 6. 1 September 2020
8. Egon Zehnder Talent Development Program 8. 4 December 2020
Consulting)
2 Kazuhisa Miyagawa - 1. Analysis of Economic Condition Impact from COVID-19 (CreCo 1. 31 March 2020
Deputy President Director Consulting) 2. 9 June 2020
2. Impact Analysis of Economic Conditions due to COVID-19 3. 12 June 2020
3. MURAL Training for Leadership Workshop (PWC) 4. 16 June 2020
6. Session III - Leadership Alignment Workshop 7. 1 September 2020
7. Executive Risk Management Certification Refresher 2020 8. 20 October 2020
8. Economic Outlook Seminar dari Creco Consultant Group
3 Darmadi Sutanto – 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
Deputy President Director 2. Impact Analysis of Economic Conditions due to COVID -19 2. 9 June 2020
5. Session III - Leadership Alignment Workshop 5. 22 June 2020 95

4 Dini Herdini – Compliance 1. Analysis of Economic Condition Impact from COVID-19 1. 31 Maret 2020
Director 2. Impact Analysis of Economic Conditions due to COVID -19 2. 9 Juni 2020
3. Session I - Leadership Alignment Workshop 3. 16 Juni 2020
4. Session II - Leadership Alignment Workshop 4. 18 Juni 2020
5. Session III - Leadership Alignment Workshop 5. 22 Juni 2020
6. Executive Risk Management Certification, Risk Refreshment 2020 6. 1 September 2020
7. Refreshment Training APUPPT 2020 7. 5 Oktober 2020
8. Economic Outlook Seminar dari Creco Consultant Group 8. 20 Oktober 2020
9. Economic & Political Outlook 2021 9. 1 Desember 2020
10. FGD bersama Deputi Gubernur Senior Bank Indonesia terkait 10. 11 Desember 2020
Formulasi Kebijakan Makroprudensial dalam Mendorong
Pembiayaan Inklusif
11. Egon Zehnder Talent Development Program 11. 23 Desember 2020
5 Yasuhiro Daikoku – Director 1. ALPS Masterclass: Leadership in a Digital Age 1. 20 February 2020
2. Analysis of Economic Condition Impact from COVID-19 2. 31 March 2020
3. Impact Analysis of Economic Conditions due to COVID -19 3. 9 June 2020
6 Henoch Munandar – 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
Director 2. Impact Analysis of Economic Conditions due to COVID- 19 2. 9 June 2020
7 Adrianus Dani Prabawa – 1. ALPS Masterclass: Leadershipin a Digital Age 1. 20 February 2020
Director 2. Analysis of Economic Condition Impact from COVID-19 2. 31 March 2020
3. Impact Analysis of Economic Conditions due to COVID 19 3. 9 June 2020
7. Executive Risk Management Certification Refresher 7. 1 September 2020
8. Indonesia Supply Chain Finance by IFC 8. 12 October 2020
10. Ekonomi Nasional Outlook 2021: Year of Opportunity 10. 21 October 2020
11. OJK Institute Research Webinar 2020: The New Path on Digital 11. 27 October 2020
Talent, Holistic Leadership, and Social Fintech
12. Economic & Political Outlook 2021 12. 1 December 2020
Company Profile
COMPETENCY DEVELOPMENT OF THE BOARD OF DIRECTORS
8 Merisa Darwis - Director 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
2. Delivering Engaging Customer Experience 2. 21 May 2020
3. Accelerating Corporate Banking Digitalization 3. 28 May 2020
8. Leadership Alignment Workshop 8. 9 July 2020
10. Webinar Asia Banking Roundtable – Reinventing Banking 10. 10 September 2020
Distribution
11. Webinar Reimagining the next normal for Asia and the world 11. 12 October 2020
9 Hiromichi Kubo - Director 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
2. Impact Analysis of Economic Conditions due to COVID 19 2. 9 June 2020
6. Executive Risk Management Certification Refresher 6. 1 September 2020
9 Hanna Tantani - Director 1. Analysis of Economic Condition Impact from COVID-19 1. 31 March 2020
2. Accounting Impact of COVID-19 for Financial Services 2. 2 June 2020
96 4. Session I - Leadership Alignment Workshop 4. 16 June 2020
7. Key Audit Matters in the Context of The New Audit Regulation 7. 30 June 2020
8. SMBC APD Town Hall & BOD Meeting I in July 2020 8. 7 July 2020
9. Leadership Alignment Workshop - Sponsor Meeting 9. 9 July 2020
10. PWC Webinar - robotic in finance 10. 6 August 2020
11. Discuss Lembaga Komisaris dan Direktur Indonesia (LKDI) Online 11. 12 August 2020
12. Townhall Meeting of Mr Oshima with BTPN`s Management 12. 26 August 2020
13. Risk Management Certification Refresher 2020 13. 1 September 2020
14. Sharing Session Work Flexible Arrangement @Microsoft 14. 18 September 2020
15. Sharing Session of Sustainable Finance 15. 06 October 2020
16. Exclusive - Indonesia Supply Chain Finance Webinar 16. 12 October 2020
18. UNDANGAN CFO Forum Perbanas- Banking Update: Post 18. 23 October 2020
Implementasi PSAK 71 dan Isu-Isu Penerapannya
19. IBM Confirmation - Banking Executive Symposium: Extending the 19. 17 November 2020
Banking Ecosystem for the Platform Economy
20. KPMG Webinar Omnibus Law on Job Creation Webinar Series - 20. 18 November 2020
Manpower
21. 2020 Annual Technical Update - Financial Services Accounting & Tax 21. 20 November 2020
22. Egon Zehnder Talent Development Program 22. 1 December 2020
24. Leadership Series: COVID-19: Opportunities for MSMEs and 24. 10 December 2020
Digitization of Financial Services)
25. [Webinar] ASIFMA Virtual Event - IBOR Transition Series: A Local 25. 16 December 2020
Market Perspective - Indonesia IBOR
Ownership Structure
SUMITOMO MITSUI
FINANCIAL GROUP
(SMFG)
100%
Sumitomo PT Bank
PT Bank
Treasury Public Mitsui Banking Negara
Central Asia
Stock (< 5%) Corporation Indonesia
Tbk
(SMBC) (Persero)
1.17% 5.23% 92.43% 0.15% 1.02% 97

PT Bank BTPN Tbk
70.00%
PT Bank BTPN
Ultimate Shareholder
Syariah Tbk
Controlling
Shareholders
Position as of 31 December 2020

Company Profile
Composition and Profile of

the Shareholders
Sumitomo Mitsui Banking Corporation (SMBC) is part of Sumitomo Mitsui Financial Group, Inc. (SMFG) as one of the
three largest financial groups in Japan. As of 30 September 2020, SMBC records its total asset worths JPY 177.9
trillion, its total third–party funds at some JPY 113.3 trillion as well as its total loans and receivables amounting to JPY
76.2 billion. SMBC’s head office is located at 1-1-2, Marunouchi, Chiyoda-ku, Tokyo, Japan.
SMBC was established in April 2001 through the merger of two leading banks, namely The Sakura Bank, Lmited and
The Sumitomo Bank, Limited. SMFG was established in December 2002 through the shares transfer as a holding
company, and SMBC became a subsidiary fully-owned by SMFG.
Sumitomo Mitsui Banking Corporation (SMBC) and its business group offer various financial services centralized in
the banking business. SMBC is also engaged in the business of leasing, securities, credit cards, investments, house
ownership credit securities, venture capital and other credit facilities.
98
Information on Ultimate
Parent Entity
SUMITOMO MITSUI FINANCIAL GROUP
Sumitomo Mitsui Financial Group, Inc. (“SMFG”), established on 2 December 2002, is the holding company of
Sumitomo Mitsui Banking Corporation (“SMBC”), the Bank’s Controlling Shareholder. SMFG shares are listed on
the Tokyo Stock Exchange (First Section) and Nagoya Stock Exchange (First Section). SMFG business mission is to
grow and prosper together with the customers by providing them services of higher values; to maximize the values of
the shareholders through sustainable business growth; as well as to create a working environment that supports and
values hard-working employees with high motivation.
With the Head Office in Tokyo, Japan, SMFG is engaged in the management of banking subsidiaries and other
companies requiring the treatment as subsidiaries based on the Japanese Banking Regulations, as well as to conduct
ancillary functions and other functions holding companies are allowed to extend under the Japanese Banking
Regulations. Companies incorporated under the business group of SMFG are mostly engaged in commercial banking
through such financial services as : leasing, securities, consumer financing, finance, system development data
process, and asset management.
For further information, please visit www.smfg.co.jp.

Information on Majority
Shareholders
SUMITOMO MITSUI BANKING CORPORATION
Sumitomo Mitsui Banking Corporation (“SMBC”), established in April 2001 through the merger of two leading banks,
The Sakura Bank, Limited and The Sumitomo Bank, Limited. Sumitomo Mitsui Financial Group, Inc. was established
on December 2002 as a bank holding company through the shares transfer, and SMBC becomes a subsidiary fully-
owned by SMFG. In March 2003, SMBC merged with The Wakashio Bank, Ltd.
With the headquarter in Tokyo, Japan, SMBC is currently one of the biggest banks in Japan, with its business network
spreading across the world, such as in Australia, Europe, Canada, Brazil and Indonesia. SMBC and its group of
companies offer various banking-concentrated financial services. SMBC owns banking businesses in 16 countries
outside of Japan. They are also engaged in such other businesses as leasing, securities, credit cards, investment,
home-ownershipp credit securities, venture capital and other related credit facility businesses.
In Indonesia, aside from the Bank, SMBC also has several other subsidiaries, namely PT Sumitomo Mitsui Finance 99
and Leasing Indonesia, PT Nikko Securities Indonesia, PT SBCS Indonesia, and PT Bank BTPN Syariah Tbk.

For futher information, please visit www.smbc.co.jp.
SHARE OWNERSHIP COMPOSITION AS OF 31 DECEMBER 2020
Shareholders Number of Shares Percentage
Sumitomo Mitsui Banking Corporation 7,532,311,297 92.43
PT Bank Central Asia Tbk 83,052,408 1.02
PT Bank Negara Indonesia (Persero) Tbk 12,007,137 0.15
Treasury Shares 95,198,900 1.17
Public 426,362,127 5.23

Total 8,148,931,869 100.00
Company Profile
COMPOSITION OF THE 20 LARGEST SHAREHOLDERS
SUMITOMO MITSUI BANKING CORPORATION - EQ 7,532,311,297 92.43
UBS AG LONDON-2140724000 400,000,063 4.91
PT BANK BTPN TBK 95,198,900 1.17
BANK CENTRAL ASIA TBK. PT 83,052,408 1.02
BANK NEGARA INDONESIA (PERSERO) TBK. PT 12,007,137 0.15
SIX SIS LTD 2,984,700 0.04
PT. TIMUR NUSA NIAGAJAYA 1,189,000 0.01
CAYUGA PACIFIC GROUP LIMITED 1,177,500 0.01
LINDA SULISTYANINGSIH. BCS 755,000 0.01
CHRISTIAN SANTOSO 720,000 0.01
ANG PHEK TUAN 649,900 0.01
KAMAJAYA 649,600 0.01
REKSA DANA MANDIRI INVESTA EQUITY ASEAN 601,900 0.01
BANK BTPN TBK. PT 577,500 0.01
CHRISTIAN SANTOSO 544,900 0.01
100 YANSEN LOKANATA 427,700 0.01
DJOKO SUSANTO 417,500 0.01
NIKOLAS JUSUF 363,300 0.00

ROBINSON SITEPU 350,800 0.00
CACEIS BANK. LUXEMBOURG BRANCH/EDR EUROP 345,400 0.00
NUMBER OF SHAREHOLDERS AND 5% OR HIGHER PERCENTAGE BASED ON CLASSIFICATION
Indonesian individuals 18,358,385 0.23
Pension fund 117,500 0.00
Insurance 132,100 0.00
Bank 190,835,945 2.34
Limited Company 1,316,234 0.02
Mutual Funds 604,700 0.00
Foreign individuals 161,200 0.00
Foreign corporation 7,937,405,805 97.40

Total 8,148,931,869 100.00
SHARE OWNERSHIP OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
Name Number of Shares Percentage Position
Chow Ying Hoong 0 0.00 President Commissioner
Ninik Herlani Masli Ridhwan 0 0.00 Independent Commissioner
Takeshi Kimoto 0 0.00 Commissioner
Irwan Mahjudin Habsjah 0 0.00 Independent Commissioner
Edmund Tondobala 0 0.00 Independent Commissioner
Board of Directors
Ongki Wanadjati Dana 0 0.00 President Director
Kazuhisa Miyagawa 0 0.00 Deputy President Director
Darmadi Sutanto 0 0.00 Deputy President Director
Dini Herdini 0 0.00 Compliance Director
Yasuhiro Daikoku 0 0.00 Director
Henoch Munandar 0 0.00 Director
Adrianus Dani Prabawa 0 0.00 Director
Hiromichi Kubo 0 0.00 Director 101

Merisa Darwis 0 0.00 Director
Hanna Tantani 0 0.00 Director

Company Profile
List of Branch
Subsidiaries Offices
Name of Company Description Total
PT Bank BTPN Syariah Tbk Head Office of Operations 1
Regional Office, Non-Operations 9
Branch Office 61
Line of Business
• Universal 55
Sharia Banking • Sinaya 6
Sub-Branch Office 264
• Universal 234
Head Office Address • Sinaya 29
Menara BTPN • Jenius 1

CBD Mega Kuningan Function Office 1
Jl. Dr. Ide Anak Agung Gde Agung, Kav 5.5-5.6
102 Jakarta Selatan 12950
• Operational Function Office 1
• Non-Operational Function Office -
Ownership Cash Office -

Payment Point 141

70%
Total Office Network 477
ATM 216
Type of Legal Entity TCR 2
Total Office & ATM Network 695

Limited Liability Company (PT)
Total Asset
Rp16,435,005 (in million rupiah)
Operational Status
In operation
Chronology of
Share Listing
Following is description of BTPN’s shares listing chronology in Indonesia Stock Exchange
Nominal/Share Exercise Additional

Date of Listing Corporate Action Total Shares
(Rp) Price Shares
12 March 2008 Initial Public Offering 100 2,850 267,960,220 943,936,190
10 December 2010 Public Offering with Right 100 - 188,787,238 1,132,723,428

Issue I
28 March 2011 Stock Split 20 - - 5,663,617,140
14 March 2012 Additional Shares from IFC 20 - 176,670,117 5,840,287,257

Loan Conversion
23 May 2016 Buy Back 20 - - 5,840,287,257
1 February 2019 Additional shares from 20 - 8,148,916,869

SMBCI Shareholders
12 August 2019 Transfer of SMBC Shares 20 - 12,000 8,148,916,869
31 December 2019 MESOP 2015: - -

103
Phase I 20 - -
Phase II 20 - -

Phase III 20 - -
Phase IV 20 - -
Phase V 20 - -
Phase VI 20 - -
31 December 2019 ESOP 2016:
Phase I 20 2,617 10,670,600
Phase II 20 2,617 1,112,900
Phase III 20 2,617 12,000
Phase IV 20 2,617 3,000
Phase V 20 - -
Company Profile
Chronology of Other
Securities Listing
Rating
Name of Date Principal Interest Maturity Rating
Currency
Bonds of Issue Amount (%) Date Period
2020 2019
Medium Term 14 June 2017 1,302,000,000,000 8.25 IDR 14 June 2020 idAAA idAAA 9 May 2017 -
Notes (MTN) II 14 June 2020
2017 PT Bank
Sumitomo
Mitsui
Indonesia
Public Offering 18 October 900,000,000,000 7.50 IDR 17 October AAA AAA 26 September
of Shelf 2017 2020 (idn) (idn) 2017 -
Registry Bond 17 October
Bank BTPN 2020
III with Fixed
Coupon Rate
Phase II Year
104 2017 Series B
Public Offering 27 November 799,000,000,000 7.55 IDR 26 November AAA AAA 6 September
of Shelf 2019 2022 (idn) (idn) 2019 -
Registry Bond 26 November

Bank BTPN 2022
IV with Fixed
Coupon Rate
Phase I Year
2019 Series A
Public Offering 27 November 201,000,000,000 7.75 IDR 26 November AAA AAA 6 September
of Shelf 2019 2024 (idn) (idn) 2019 -
Registry Bond 26 November
Bank BTPN 2024
IV with Fixed
Coupon Rate
Phase I Year
2019 Series B
Names and Addresses of
Capital Market Institutions
and/or Supporting Institutions
INDEPENDENT AUDITOR RATING AGENCY TRUSTEES
Siddharta Widjaja & Rekan PT Fitch Rating Indonesia PT Bank Permata Tbk
Wisma GKBI 33rd Floor DBS Bank Tower, 24th Floor, Gedung WTC II, 21st-30th Floor
Jl. Jend. Sudirman No. 28 Suite 2403 Jl. Jenderal Sudirman Kav. 29-31
Jakarta 10210 Jl. Prof. Dr. Satrio Kav 3-5 Jakarta 12920 – Indonesia
Jakarta 12940 – Indonesia Tel. +62 21 772 89928
Services Provided Tel. +62 21 2988 6800 Fax. +62 21 772 89928
Audit Fax. +62 21 2988 6822
PT Bank Mega Tbk
Cost Services Provided Menara Bank Mega
IDR8,500,000,000 (based on Corporate Rating and Securities Jl. Kapten P Tendean No. 12-14A
Engagement Letter - exclude VAT Issuance Rating Jakarta 12790 – Indonesia
& OPE) Tel. +62 21 791 75000 105
Cost Fax. +62 21 799 0720
Period of Assignment Annual Rating Fee Rp130 million

Audit Financial Statement (before VAT) SECURITIES
31 December 2020 ADMINISTRATION OFFICE
Period of Assignment PT Datindo Entrycom
Until 3 July 2021 Jl. Hayam Wuruk No. 28
(Latest Rating : AAA (idn); Outlook Jakarta 10120 – Indonesia
Outlook released on 18 November Tel. +62 21 350 8077
2020) Fax. +62 21 350 8078
PT Pemeringkat Efek Indonesia NOTARY

(PEFINDO) Ashoya Ratam, SH, MKn
Panin Tower Senayan City, Notaris & PPAT Kota Administrasi
17th Floor Jakarta Selatan
Jl. Asia Afrika Lot. 19 Jl. Suryo No. 54
Jakarta 10270 – Indonesia Jakarta 12180 – Indonesia
Tel. +62 21 7278 2380 Telp. +62 21 2923 6060
Fax. +62 21 7278 2370 Fax. +62 21 2923 6070
Services Provided
Corporate Rating and Securities
Issuance Rating
Cost
2020 Annual Rating Fee
Rp100 million (before VAT)
Period of Assignment
Until 1 May 2021
(Latest Rating: idAAA; Outlook
released on 8 May 2020)
Company Profile
Information on The
Corporate Website
106
Information contained in Bank BTPN’s website refers to provisions setforth by the Financial Services Authority
Regulations No. 8/POJK.04/2015 regarding Issuers’ or Public Companies’ Websites. All information may be accessed
by the public through the website www.btpn.com .
Available information includes the following:
Information Link
CORPORATE PROFILE https://www.btpn.com/
General Information: Name, Address, Head Office Contact, https://www.btpn.com/en/hubungi-kami

Representative
Brief History https://www.btpn.com/en/tentang-kami
Organizational Structure https://www.btpn.com/en/tentang-kami/manajemen
Ownership Structure https://www.btpn.com/en/hubungan-investor/komposisi-pemegang-saham-

dan-struktur-organisasi-grup
Group Structure https://www.btpn.com/en/hubungan-investor/komposisi-pemegang-saham-

dan-struktur-organisasi-grup
INVESTOR RELATIONS https://www.btpn.com/en/hubungan-investor
Public Offering Prospectus https://www.btpn.com/en/hubungan-investor/aksi-korporasi/prospektus

107
Annual Reports (5 years) https://www.btpn.com/en/hubungan-investor/laporan-tahunan-dan-
keberlanjutan/laporan-tahunan

Code of Ethics https://www.btpn.com/en/hubungan-investor/tata-kelola-perusahaan/
dokumen-tata-kelola
Profile of the Board of Commissioners https://www.btpn.com/en/tentang-kami/manajemen
Profile of the Board of Directors https://www.btpn.com/en/tentang-kami/manajemen

PERFORMANCE https://www.btpn.com/en/hubungan-investor/laporan-keuangan/laporan-
keuangan-publikasi
Annual Financial Statements https://www.btpn.com/en/hubungan-investor/ikhtisar-keuangan

CORPORATE GOVERNANCE https://www.btpn.com/en/hubungan-investor/tata-kelola-perusahaan/komite
Charter of the Board of Commissioners https://www.btpn.com/en/tentang-kami/manajemen
Charter of the Board of Directors https://www.btpn.com/en/tentang-kami/manajemen
Charter of the Audit Committee https://www.btpn.com/en/hubungan-investor/tata-kelola-perusahaan/komite
Charter of the Remuneration and Nomination Committee https://www.btpn.com/en/hubungan-investor/tata-kelola-perusahaan/komite
Charter of the Internal Audit https://www.btpn.com/en/hubungan-investor/tata-kelola-perusahaan/

dokumen-tata-kelola
CORPORATE SOCIAL RESPONSIBILITY https://www.btpn.com/en/tentang-kami/daya
MANAGEMENT
DISCUSSION
AND ANALYSIS
110 Economic and Banking Industry 122 Micro Business
Review 124 Business Banking
110 Developments in the Economy 124 Corporate Banking
112 Developments in the Industry 127 Treasury
114 Business and Operations Review 129 Shariah Banking
114 Business Performance By 131 Profitability by Business Segment
Business Segment 132 Financial Performance Review
114 Retail Banking 151 Marketing Aspect
115 Digital Banking – Jenius
118 Digital Banking - BTPN Wow!
119 Retail Lending Business
120 Wealth Management Business
BTPN maintains a solid foundation during

the challenging pandemic conditions, ready
to resume growth post-pandemic.
Management Discussion and Analysis
Economic and Banking

Industry Review
GDP
Although lower than the
-2.07% original estimate, the
Gross Domestic Product (GDP)
contracted by -2.7% yoy
development of a number
of indicators in December
Assets and Customer 2020 indicates ongoing
Deposits grew by
improvement in domestic
7.18% and 11.11% economic growth.
Loans declined by
2.41%
Banking industry stability is still maintained. Assets and
110 deposits grew by 7.18% and 11.11%, while credit contracted
by 2.41%, amid perceptions of high credit risk in line with the
impact of the COVID-19 pandemic. NIM decreased to 4.45%.
CAR remains strong at 23.89%.
DEVELOPMENTS IN THE ECONOMY volume and international commodity prices. Meanwhile,
T
global financial market uncertainty is expected to
he coronavirus (COVID-19) pandemic has put subside in line with expectations of global economic
the global economy into recession in 2020 due improvements, including the fiscal policy direction
to restrictions on economic activity in an effort pursued by new US Administration, against a backdrop
to curb the spread of COVID-19. Nevertheless, of abundant global liquidity and persistently low interest
global economic performance continues to show rates. In response, an influx of capital has flowed to
improvement and is predicted to recover in 2021. Global developing economies, leading to currency appreciation
economic activity will continue to increase as various in various countries, including Indonesia.
countries rollout COVID-19 vaccinations, coupled with
ongoing fiscal and monetary policy stimuli. The global Domestic economic growth has gradually improved
economic recovery will primarily be driven by China and through to the end of 2020 and it is expected to
the United States, several advanced economies, such gradually gain momentum in 2021. Although lower than
as Europe and Japan, as well as developing economies, previously projected, several indicators in December
including India and ASEAN. Several early indicators in 2020 revealed ongoing improvements, including export
December 2020 pointed to ongoing global economic and import activity, the Manufacturing PMI as well
improvements. The Manufacturing and Services PMI as sales and consumer expectations. The national
in the US, China and India remain in an expansionary vaccination program, which began in earnest in January
phase. In addition, consumer confidence, particularly 2021, coupled with discipline in terms of implementing
in China and Europe, continues to grow along with COVID-19 protocols, will accelerate the domestic
business confidence in various jurisdictions. Recent economic recovery process.
global economic gains have increased world trade
111

Positive current account performance persisted in the fourth quarter of 2020, primarily supported by a larger goods
trade surplus. In the fourth quarter of 2020, the trade balance recorded an USD8.3 billion surplus, up from USD8.0
billion in the previous quarter. For the year, therefore, the current account deficit is projected at approximately 0.5%
of GDP in 2020. Meanwhile, foreign capital inflows to domestic financial markets have been maintained, as reflected
by a net inflow of portfolio investment totalling USD2.1 billion in the fourth quarter of 2020, thus reversing the USD1.7
billion net outflow recorded in the previous period. Entering 2021, foreign capital inflows to domestic financial
markets have been maintained, totalling USD5.1 billion on 19th January 2021, including global bond issuances by
the Government. Consequently, the position of reserve assets remained high towards the end of December 2020 at
USD135.9 billion.
Development of Several Economic Indicators
Indicator 2020 2019 2018
National GDP Growth (%, YoY) -2.1 5.0 5.2
GDP Per Capita (USD) – Nominal 3,912 4,175 4,050
External Current Account Balance (% of GDP) -1.3 -2.7 -3.3
Central Government Debts (% of GDP) 38.1 30.2 30.3
Forex Reserves - IRFCL (USD Billion) 135.9 129.2 120.7
Forex Reserves Capacity – (number of months of imports 10.2 7.3 7.7

and external debts)
BI Interest Rate Policy (% year end) 3.75 5.00 6.00
Consumer Price Index (% year end) 1.68 2.72 3.13
Fiscal Balance (% of GDP; Fiscal Year) -6.1 -2.2 -1.8
S&P Rating – Foreign Exchange BBB BBB BBB+

Source: BTPN Research
DEVELOPMENTS IN THE INDUSTRY of Members of the Board of Governors No. 20/10/

PADG/2018 on Rupiah and Foreign Currency Mandatory
Pressure caused by the COVID-19 pandemic towards Minimum Reserve in Commercial Banks, Shariah Banks
macro-economic condition has also impacted the and Shariah Business Units. This makes liquidity loose,
banking industry. Such a condition especially occurred keeps interest rates down and supports financing to the
due to the contractions experienced by almost all of economy.
Indonesia’s business sectors.
Financial system resilience has been maintained,
As a response towards the circumstances, the Financial although risks from the ongoing impact of COVID-19
Service Authority (OJK) issued the loan restructuring on financial system stability continue to be closely
policy for the banking industry as a countercyclical monitored. The capital adequacy ratio (CAR) of banks in
policy on the impact of the spread of COVID-19. This is December 2020 remained high at 23.89%, and the ratio
contained in the OJK Regulation No. 11/POJK–3/2020 of non-performing loans (NPL) remained low at 3.06%
concerning the National Economic Stimulus as the (gross) and 0.98% (net). The intermediation function of
Countercyclical Policy on the Impact of the Spread of the financial sector remained weak as reflected by the
2019 Corona Virus Disease. contracted credit growth of 2.41% (yoy) in December
2020 amidst high liquidity in line with the high deposit
The loan restructuring policy was initially set to end growth of 11.11% (yoy). Bank Indonesia considers that
by March 31 2021, however it was extended for one the low loan growth is more due to the weak demand of
year until 31 March 2022, namely with the enactment the business sector, in addition to the perception of risk
of OJK Regulation No. 48/POJK-3/2020 concerning in terms of banking supply. Bank Indonesia will continue
112 Amendment to OJK Regulation No. 11/POJK-3/2020 its policy of accommodative macroprudential, as well
concerning the National Economic Stimulus as the as strengthening synergy and policy coordination with
Countercyclical Policy on the Impact of the Spread of the Government, KSSK, banks and businesses to
2019 Corona Virus Disease. maintain optimism and overcome demand and supply
side problems in lending/financing from banks to the
The loan restructuring policy aims to restrain the rate of business sector, in order to boost national economic
increase in NPL and also provide relaxation for debtors recovery.
affected by COVID-19 in paying installments of their
obligations to banks during the pandemic. With the Payment System transactions, both cash and non-
implementation of this stimulus policy it is expected to cash, showed improvement in line with economic
provide more ample liquidity and capital for banks as to improvement, accompanied by accelerated economic
maintaining financial sector stability in the midst of the and financial digitalization. The value of payment
pandemic. transactions using ATMs, Debit Cards, and Credit Cards
in December 2020 was recorded at Rp 695.5 trillion,
Bank Indonesia has also responded, among others growing 1.36% (yoy), after contraction in November
through the reduction of benchmark interest rate, 2020 of 1.93% (yoy). Digital economic and financial
namely the 7-day (reverse) repo rate. Throughout the transactions continue to grow strongly in line with the
year, BI has reduced the interest rate for 5 (four) times, use of e-commerce platforms and digital instruments
from 5.00% in January 2020 to 3.75% in November. during the pandemic, as well as the strong public
Both the deposit facility and the lending facility also fell preference and acceptance of digital transactions.
to 3.00% and 4.50% respectively. This decision is in line This can be seen from the value of Electronic Money
with the need to boost economic growth, amidst low transactions (EU) in December 2020 amounting to Rp
inflation and relatively stable rupiah exchange rate. This 22.1 trillion, or growing 30.44% (yoy). Furthermore,
Bank Indonesia’s policy rate is the lowest level in the digital banking transaction volume in December 2020
history. reached 513.7 million transactions, or grew 41.53%
(yoy) and the value of digital banking transactions
In addition, Bank Indonesia has also reduced the amounted to Rp 2,774.5 trillion, growing 13.91% (yoy).
Mandatory Minimum Reserve requirement for the Bank Indonesia predicts that the digitalization trend will
banking industry as denoted in the Regulation of continue to grow rapidly, supported by the expansion of
Members of the Board of Governors No. 22/2/ an increasingly inclusive digital economic and financial
PADG/2020 on the Fourth Amendment of Regulation ecosystem. Bank Indonesia continues to accelerate
payment system digitization policy to establish an (BNPB), namely the sector with the lowest risk of
inclusive and efficient digital economic and financial transmission while the medium or high risk sector
ecosystem, as well as to support the acceleration of needs to implement the COVID-19 protocol according
national economic recovery. This was done among to its level. Furthermore, priority preparation based on
others through the expansion of QRIS 12 million economic impact can take precedence over sectors that
merchants, the expansion of QRIS transfer, withdrawal, have the highest contribution to GDP and/or exports.
and deposit features, establishing an Electronic Money Based on the mapping results, the first priorities are 6
Discount Rate (EU MDR) Chip Based effective March 1, (six) sectors that are safe and contribute significantly to
2021, and the implementation of the Indonesia Payment both GDP and exports, including: food and beverage
System Blueprint 2025. industry, chemical industry, pharmaceutical and
traditional medicine, forestry and logging, horticultural
In 2021, in order to support the national economic crops, plantation crops, and metal ore mining. The
recovery, the banking industry can encourage lending second priority is 15 (fifteen) sectors of the economy
in productive and safe sectors. This is in line with the that are safe and contribute significantly to GDP or
Government’s priority in opening productive and safe exports, including the basic metals industry, information
sectors according to the COVID-19 transmission risk and communication, the metal goods industry, the
map from the National Disaster Management Agency non-metallic excavation industry and the machinery and
equipment industries.
Performance of Commercial Banks

Up to Up to Up to
113
Indicator 31 December 2020 31 December 2019 31 December 2018

Capital Adequacy Ratio (CAR) 23.9% 23.4% 23.0%
Net Interest Margin (NIM) 4.4% 4.9% 5.1%
Loan to Deposit Ratio (LDR) 82.5% 94.4% 94.8%
Non-Performing Loan (NPL) 3.1% 2.5% 2.4%
Special Mention (SM) 4.4% 5.1% 4.5%
Loan Growth -2.4% 6.1% 11.8%
Customer Deposits Growth 11.1% 6.5% 6.4%
Net Profit After Tax Rp 104.7 trillion Rp156.5 trillion Rp150.0 trillion
Source: OJK
Industry’s Loan Growth
-2.41%
Banking Industry’s Loan
growth in 2020 experienced
contraction of 2.41 percent
(yoy), amidst its liquidity still
high in line with the growth
of the TPF remains high
which was 11.11% (yoy).
Business and
Operations Review
Total Loans
Rp 136.2 trillion The digital strategy will

Total loans disbursed in 2020
amounted to Rp136.2 trillion
continue to be a priority for
while maintaining quality, with
NPL at a low level of 1.21%,
the Bank in all segments.
below the average industry of
3.06%.
The Bank will continue to
invest in Jenius, to maintain
Total Assets and Customer leadership in Indonesian
Deposits grew by
114 Digital Banking so as to
0.84% and 15.93% sustain the growth of retail
banking in the future.
Funding and liquidity remain solid, with LCR and

NSFR of 282% and 115%, respectively, supported
by a loan facility from Parent Entity as buffer. CAR
remained strong at 25.55%.
BUSINESS PERFORMANCE BY BUSINESS RETAIL BANKING

SEGMENT
I
BTPN’s Retail Banking business segment consists of
n executing its business activities, BTPN divides its four main business segments: Wealth Management
business segments into 5 (five) lines: Retail Banking, Business, Retail Lending Business, Digital Banking
Business Banking, Corporate Banking, Treasury and Business (BTPN Wow! and Jenius) and Micro Business
Shariah Banking. This segmentation is in line with (serving the micro business segment and their
the change in Bank BTPN’s organizational structure communities) The overall business segment is the
which occurred in the year 2019 following the merger Bank’s comprehensive service provided to customers
with PT Bank Sumitomo Mitsui Indonesia (SMBCI). for its retail segment.
Specifically referring to the shariah banking business, In the year 2020, the Bank, as it is also true for the
its operation is managed by subsidiary PT Bank BTPN banking industry, faces the same challenges, especially
Syariah. Thus, the business performance report per as a result of the COVID-19 pandemic. This condition
business segment is covered under a consolidated has caused sales productivity to drop. Operational
report. performance has had to adjust to occurring conditions.
Explanation on the performance of each of the business Another challenge faced by the Bank has been the
segment is denoted in the description below. portfolios which have reached maturity. This is faced by
the Retail Banking segment.
115

DIGITAL BANKING – JENIUS to support customers through the pandemic by
providing digital solutions and refining existing solutions
Jenius is BTPN’s digital banking platform which is according to relevant needs during the pandemic, along
accessed through the mobile application downloaded with the growing need for access to digital banking
to smartphones. The product is among the services services.
provided in the Retail Banking segment.
Throughout the year 2020, Jenius launched a number of
Through Jenius’ services that offer a variety of features, new products to support customers’ needs in the midst
customers can digitally manage their financial activities, of COVID-19 pandemic. These products include the
accessible from any where at any time. Jenius offers a following:
revolutionary banking experience for customers. 1. Jenius QR (in accordance with QRIS issued by Bank
Indonesia)
Initiatives & Strategy A digital payment feature which can be used by
2020 has been a year full of challenges for the economy customers in contactless mode, as a support to
as a whole, both domestically and internationally, with the government’s initiative to expand “Cashless
the outbreak of the COVID-19 pandemic starting in Society” or where people use non-cash payments.
early 2020, many businesses have collapsed, lost jobs
and limited mobility. With the enactment of the social
distancing order, Indonesians are required to move to
the digital world to meet the needs of work, business,
school and financial needs. So far, Jenius has continued
2. Moneytory Surely it is not easy to materialize such a focus,

A Personal Financial Management (PFM) feature considering the great challenge of the year
that helps customers to record and manage their 2020, namely COVID-19 pandemic. Under such
personal finances, especially during the COVID-19 circumstances, Jenius present itself with a digital
pandemic. Through such services, customers can solution for customers and continue to improvise its
better monitor their expenses and income and can existing services. Several of its development strategies
carry out more precise categorization in analyzing which materialized, for example include the following:
their financial needs 1. Development of digital services to help customers
3. Electronic Money Top-Up adapt to the pandemic situation. This is done,
Electronic money top-up and Tapcash balance among others, through:
update, in cooperation with BNI. This feature allows a. Video call on the enhancement of Know Your
customers to top-up and update Tapcash electronic Customer (KYC) provided digitally to customers.
cash balance from their Jenius application on their In addition, provide comprehensive digital
cellular phones without having to visit the branch service for customers during the pandemic,
office nor the ATM. Available for users of android- especially when Jenius’ physical booths were
based phone with NFC feature. forced to close during the large-scale social
4. Jenius Bisnis Account restrictions and customers having to limit their
Bank account for business purposes which can external activities.
help them manage their personal and business b. Expansion of partnership between Jenius Pay
accounts separately in a simple manner through one and major e-commerce such as Blibli, Tokopedia
application. and JD.ID and others to capture the behavioral
116 5. Jenius Bisniskit change in the customers from offline to online
A device for small-scale business or businessmen shopping during the pandemic.
to manage their operational activities, such as sales, 2. Implementation of stricter risk criteria in order to
expenses, inventory, payments and receivables, prevent non-payment of loans.

directly connected with the customer’s “Jenius
Bisnis” account. Concerning Flexicash, the Bank implemented stricter
risk appetite since March 2020 in order to prevent
In 2020, the strategic focus actualized by Jenius, non-performing loan payments impacted by COVID-19.
firstly was to continue the development of a relevant Learning from the implementation of the new policy
innovative feature as a financial solution to customers from March to October of 2020, the policy has been
specifically during the pandemic. Secondly, to increase gradually loosened up beginning in October 2020. The
the online acquisition of customers with the support tighter risk appetite policy includes:
of Video Call KYC feature. Thirdly, to expand Jenius’ 1. Reduction of loan limits to customers.
digital payment ecosystem through a collaboration with 2. Block access to Flexicash use for certain customers.
major entrepreneurs, both online and offline. Fourthly, 3. Discontinue the acquisition of new customers for
to increase transactions and customer engagement with Flexicash.
Jenius in supporting customers’ day-to-day Life Finance
activities
2021 Strategic Plans Performance Achievement
• Continue to develop innovative In the midst of such a challenge of
Jenius is continuously developing
features through the concept of the external condition during the
innovative features through
co-creation and collaboration, year 2020, Jenius’ performance, if co-creation and collaboration
providing a broader set of compared to the previous year, is concepts, providing a wider range
financial products and services, considered relatively well managed. of financial products and services
to support and provide Life
such as Credit Card, Insurance The number of customers
Finance digital solutions that are
and Investment increased by 27% compared to the increasingly relevant to its users.
• Introduce a newly revamped year 2019. Along with continuously improving
Jenius UI/UX to provide the performance, reliability and
stability of the application to adapt
a fresher look and a more
and support the growing number
seamless experience and to of users and existing features and
support the addition of new provide a high level of security.
features
• Improve app performance,
reliability and stability to adapt
and support the growing
Jenius Performance in 2020
number of users and features
while maintain high level of Description Unit 2020 2019
security
Customers Unit 3,056,319 2,407,977
• Continue to expand Jenius
presence in the digital finance
Funding Rp Million 13,281,099 6,634,884 117
ecosystem both domestic and
international, in collaboration While for Flexicash, since the

with major players through implementation of the restriction
open API policy on credit disbursement as an
• Increase customer engagement impact of the COVID-19 pandemic,
and active rate to drive Flexicash’s performance dropped
loyalty by utilizing AI-driven by 19.2%. Nevertheless, the
personalization coupled with portfolio quality remained excellent.
marketing automation for more
insightful offering with the Credit Quality
right/most effective method of Moreover, the quality in Flexicash
delivery at the right time funds disbursement in the year
• Increase brand presence 2020 was also excellent. Non-
• Explore partnership approach Performing Loan (NPL) level was
for Flexicash acquisition to get only 1.7% and the repayment rate
better portfolio reached 95.6%. This satisfying
achievement was the result
of applying “Risk Acceptance
Criteria”, pro-active collectability
and the loan relaxation program
related to COVID-19.
DIGITAL BANKING - BTPN WOW! For fiscal year 2021, BTPN Wow! will continue to
focus on cash management, improvement of agent’s
BTPN Wow! is a banking service unit of the Retail productivity and introduce BTPN Wow! application to
Banking segment that utilizes the mobile telephone replace the USSD-based channel currently used. The
technology. The service is supported by Laku Pandai smartphone-based application is hoped to be able to
Agent as the extention of the Bank, namely BTPN Wow! enhance experience and is more user-friendly. Through
agent. the application, customers can take advantage of the
various functions that can accommodate their daily
BTPN Wow! service is the Bank’s contribution to open needs in financial transactions.
access for financial services to the public who have
not been serviced by the banking industry. In the year The Bank has also made changes in the sales
2020, the Bank focused on strengthening the agent’s management to increase productivity of BTPN Wow!
capacity in providing services to customers so that agent. In altering the management, the incentive model
productivity increases and income rises. will be applied in sales in order to achieve business
goals.
BTPN Wow! also continues to develop products
and service features that are relevant in supporting Increasing the number of transactions through BTPN
transaction conveniences for customers. Among Wow agents and customers is an important focus in
others that concerns with cellular data package, small- increasing transactions for both BTPN Wow agents and
denomination mobile telephone e-voucher, electronic businesses, thereby increasing revenue for both agents
wallet top-up including GoPay and OVO, and others. and BTPN.
118 Through these development and innovation, it is hoped
to increase the agent’s and customers’ transactions and Initiatives & Strategy
grow the fee based income. Focusing BTPN Wow agents in Java is a strategy for
cost efficiency and increasing service activities for

BTPN Wow! establishes cooperation with partners with agents and customers. The development of cooperation
many shops/booths to support the agent’s liquidity between agents and customers will also be emphasized
management in fulfilling its daily cashflow. The Bank in the community so that the services provided by
has also launched cash in and cash out jointly with agents can capture customers around the agent in
the biggest retail company in Indonesia, Alfamart fulfilling their needs for products and services to support
and Indomaret, in April 2020 to support the agent’s daily transactions.
requirements. Through such services, customers can
make cash in and cash out transactions at more than 35 2021 Strategic Plans
thousand retail networks throughout Indonesia. The launch of BTPN Wow application is a strategic
plan in 2021 to further improve service that will be
Cost Management has also become a focus of BTPN more “user friendly” to customers in conducting their
Wow! Several new initiatives, such as sales productivity transactions. This application launch also anticipates
management and improvement, as well as reduction in the digital developments that occur in ‘laku pandai’
production cost have resulted in fee based income to where smartphone ownership continues to increase,
continuously increased. especially in supporting the existing digital transactions
today.
The Bank plans to alter the USSD channel in the near
future. This is conducted to enhance the engagement
pattern between BTPN Wow! agent and the customers,
and the Bank has prepared BTPN Wow! application that
provides better user-friendly and interface applications.
Performance Achievement
BTPN Wow! Lending has 2 (two) different products. The first is the Student Loan, a joint loan product in cooperation
with a financial technology company (Fintech), PT Pinduit Teknologi (Pintek). Loan is offered to customers of Pintek
for educational purposes.
In the year 2020, total loans reached Rp10.6 billion.
The second loan product, the Suppy Chain Loan (SCL), is targeted at the retail segment, working together with
distributors in selling cellular telephone vouchers (data and internet package) as well as the retailer of consumer
goods or Fast Moving Consumer Goods (FMCG).
In the year 2020, the total loans for SCL reached Rp8.5 billion. Compared to the previous year with Rp4.6 billion, this
is an increase of 84.8%. This weekly-term loan serves as a working capital loan for selected retailer customers.
Entering COVID-19 pandemic situation until the end of 2020, the two loan products above are currently suspended
due to indications of a decreased portfolio quality. This decision was made at the same time to review the processes
that occurred and the need for adaptation to several processes related to the pandemic conditions that occurred.
These two products, until a later date, will no longer be offered to customers in 2021.
The total number of customers of BTPN Wow! by the end of the fiscal year reached 4.8 million, a growth of 1.4%
compared to the year 2019 with 4.7 million customers. While the total number of agents was 167 thousand spread
throughout many cities in Indonesia. 119
Regarding transactions, the amount of third party liability was recorded at Rp140 billion. While fee based income was

recorded at Rp9.4 billion.
Kinerja BTPN Wow! Tahun 2020
Description Unit 2020 2019 2018
Total Customers unit 4,813,637 4,745,054 4,016,482
Total Agents unit 167,633 194,943 155,741
Fee-Based Income Rp billion 9.44 3.62 6.84
NPL % n/a 0.05% n/a
RETAIL LENDING BUSINESS but also for employees who remain actively working,
with a tenor as needed.
In this fiscal year, the Retail Lending Business (“RLB”)
segment focused on providing loans to retirees and Several ongoing strategic programs during the year
pre-retirees. With regard to this, the Bank promotes 2020 are as follows:
the growth of loans to retirees from Taspen, Asabri and 1. Nationally expand BTPN’s credit business with
Other Pension Funds, and members of the Indonesian offering credit products which are more competitive
Military/Police Forces who are reaching their retirement. in cooperation with private companies.
2. Focus on acquisition of customers from Taspen,
RLB is a business unit of the Retail Banking segment Asabri, Armed Forces/Police and Pension Funds
that provides banking services to retirees or pensioners, owned by the State-Owned Enterprises (BUMN).
such as with payment of pension funds through savings
products. Loan offers are not limited to only pensioners
3. Digitalization of credit processing for easier Performance Achievement

and faster processing of request proposals to In the end of 2020, Retail Lending Business managed
disbursement of credits which may be conducted in a total portfolio of Rp32.1 trillion, a decline of 9.8%
the customer’s house. compared to 2019 portfolio of Rp35.6 trillion. The tight
4. Utilize telemarketing to increase productivity in competition in the pension business led to the decline
selling credit lines. in number of new cusrtomer acquisition, which will
5. Develop a payment point network jointly with PT eventually led to declining portfolio.
Pos Indonesia in order to the service level to Bank
BTPN’s customers receiving pension. Provide chip From the quality aspect, Non Performing Loan in
based ATM Card with special design. pension credit is among those in the low category, with
an NPL rate of 0.72% in 2020, a slight improvement
In the year 2020, in the midst of COVID-19 pandemic from 0.73% in 2019. This is due to the source of
which became the banking industry’s heavy challenge, payment in the form of pension funds that are actually
including Bank BTPN, loan performance has also disbursed monthly through BTPN. For borrowers
slowed down. Not only from the volume aspect, but whose pensions are paid through PT Pos Indonesia,
also in the number of account. Another cause was the Bank jointly conduct installment cuts with PT Pos
products which have entered their maturity category. Indonesia and the installment funds are transferred
monthly to the Bank.
Initiatives and Strategies
In line with the growing challenges faced by the WEALTH MANAGEMENT BUSINESS
Bank, especially related to the COVID-19 pandemic
120 situation, initiatives and strategies were accordingly Wealth Management Business (“WMB”) is one of the
adjusted. The primary objective was to maintain sales Retail Banking business units, established to provide
productivity’s stability. Several strategies were applied, affluent customer segment with personalized services.
including the following: For that, the Bank’s saving and investment products are
• Develop credit processing by minimizing face-to- personally offered through the 59 branch offices spread
face meetings with customers. in 34 cities as well as through digital platforms which
• Provide web based monitoring tools to supervisors provide services to the customers with the flexibility to
for easier monitoring of their sales team’s activities. conduct transactions at any time from any where.
2021 Strategic Plans Allign with Digitalizing Your Priority Concept in 2020,
To maintain and improve the performance of the RLB WMB proudly launched Sinaya Prioritas Services
segment, the Bank prepared several strategic plans, by offering personalized service through dedicated
including the following: Relationship Manager and Digital Self Services
• Expanding the acquisition model and collaboration Features.
model with 3rd party
• Continuing focus on Taspen, Asabri and other Consistently WMB focus on investment product
Pension Funds enhancement and continuously develop digital
• Developing loan products for consumptive and application to fulfill holistic wealth management
productive purposes as well as savings product solution.
to increase our service to customers, including in
synergy with corporate business to fulfill corporate
customer’ needs
• Stabilizating the new credit process
• Efficiency in managing operational expenses and
credit process
Initiatives & Strategy 2020 Up until the end of the fiscal year, the number of Sinaya
Throughout the year 2020, in line with the Bank’s Priority customers totaled 9,216.
business plan, WMB actualized a number of initiatives
namely as follows: In the year 2020, BTPN Sinaya managed to book Third
• Launching of Prima/Sinaya Priority Customers Party Funds (Dana Pihak Ketiga/DPK) totaling Rp27.2
• Development of saving and investment product trillion, an increase of 3.3% compared to the previous
(Wealth Management) with the following: year. In line with the focus on developing investment
- Savings in four foreign currencies (EUR, GBP, products, the DPK above shifted from a savings product
HKD, AUD); to an investment product. The Bank’s funds from
- Bancassurance product : Guardia Signature and savings products dropped by 3.1% or an amount of
Guardia Pasti; Rp683 billion to a total of Rp20.9 trillion and funds from
- Protected mutual funds, namely Mandiri 206 and investment products increased by 32.4% or an amount
224 series. of Rp1.5 trillion to a total of Rp6.3 trillion.
• Development of digital platform for Prima
Customers, with Jenius application 2021 Strategic Plans
• Review the distribution network strategy of all BTPN • Continuous development of digital services for
branch offices (including Sinaya branch offices) Priority Banking but not limited to
by closing 5 (five) assisting branch offices (KCP - Development in the Jenius application to give
Gajah Mada Jakarta, KCP Wisma Kalla Makassar, information and transaction for investment
KCP Roxy Jakarta, KCP Banda Aceh, KCP Tomang product.
Jakarta) and relocating 2 (two) assisting branch - Application development for staff as a tool to
offices in Surabaya. assist staff in the sales process and to improve
121
Thus, currently there are 59 branches that provide service quality.
Sinaya Prioritas services. - Application development as a digital media to

• The Bank also conducted some changes in the deliver customer appreciation and to increase
cooperation system with BTPN Syariah to become customer loyalty.
of referral system. Through the new system, if a • Wealth Management product development,
customer/prospective customer is interested in a including but not limited to the addition of
shariah product, then a bank officer from the Syariah investment manager partners and mutual fund
Bank Services (LSB) branch office will extend a products, the addition of bancasurrance products,
reference officer from the Syariah Bank. secondary market government bonds, and listed as
distribution partner of state securities initial offerings
Performance Achievement for retail investors.
From the operational point of view, in the development • Asses the distribution network strategy of all BTPN
of BTPN Sinaya, Jenius became a main savings product Sinaya branches and ATM, including but not limited
being marketed. As a result, growth in the number of to open new branch.
account reached 334.9% at a total of 56,580 accounts
and growth in the funds reaching 397.5% with a total
amount of Rp3.4 trillion.
Product Performance
Unit 2020 2019
Total Customers Item 120,973 92,695
Total Third Party Funds Rp billion 27,175 26,311
Deposit fund Rp billion 20,856 21,538
Investment fund Rp billion 6,319 4,772
The number of customers grew, followed by growth in third party funds, especially in investment products
WMB Performance Indicator in 2020
Unit 2020 2019
Cost of Fund % 5.38% 6.84%
Net Interest Income Rp billion 124 148
Fee Income Rp billion 116 119
Direct Cost Rp billion (227) (234)
The adjustment of interest rate in saving products, In the 2020 financial year, along with the COVID-19
122 which is aligned with the interest rate cut by the pandemic which has become a serious challenge for the
regulator, is made to obtain a reduction in cost of fund. banking industry including BTPN, loan performance is
also experiencing a slowdown in terms of volume and
Even though there was a pandemic in 2020, bank number of accounts. The Micro Business unit delayed
income through investment products could still be the growth of its business and focused instead on
maintained and operational cost still be streamlined. existing customers that need support especially during
pandemic situation.
MICRO BUSINESS
Initiatives and Strategies
The Micro Business segment focused on providing In line with the challenges faced by the Bank, especially
loans to Micro & Small Enterprises. related to the COVID-19 pandemic, the initiatives and
strategies that have been implemented have undergone
Micro Business is a business unit in the Retail Banking adjustments.
segment that provides banking services for productive
economic players with their community. The primary goal is to maintain good credit quality. To
achieve this, a number of strategies were implemented,
A number of strategic programs that have been including:
implemented throughout 2020 are: 1. Focus on ecosystem through supply chain business
1. Implement smooth transformation process of new platform and strategy
Micro Business into targeted MSME locations 2. Build automation and digitalization to create
2. Build good relationships with customers through differences, capture opportunity (partnership led
partnerships and micro business ecosystems model) and enabling large scale mass acquisitions
3. Build a complete digital channel and platform 3. Provide credit relaxation program for debtors
to create differentiation to the market through who have experienced a decline in income due to
partnershi COVID-19 pandemic impact.
4. Provide good service to debtors unaffected by
COVID-19 pandemic by carrying out continuous
communication.
Details of the initiatives and targets to be achieved are presented in the table below:
Objective Key Initiative
Managing Runoff 1 Manage portfolio quality with a relaxation model for micro borrowers in accordance
with the government program such as stimulus to micro customers who deserve to be
given a relaxation
2 Carry out financing for micro customers using the PEN system (Pemulihan Ekonomi
Nasional) which is a stimulus for banks from the government program
Continue Process & Coverage 3 To continue financing productive economic entrepreneur for the economic sector such
Optimization as; trading, industry, manufacturing, services and agribusiness
4 implementing micro business model by promoting good business processes and

maintain quality of portfolio
5 Implementing micro business model with digital micro credit financing
Optimization of Daya 6 Provide BTPN's Daya program to develop micro customer business
7 Webinar program for micro business customers with competent informants
Strengthening the Capability and 8 Implementing new financing model for micro customers with a digital model (un-
Effectiveness of the Organization through secured loan)
Adjustments in line with the Market
9 Improvement of human resources through online training programs
Changes
Strengthen Strategic Partnership with 10 Build collaboration programs with several business units to finance micro sector 123
Business Partner

Strategic Plan for 2021 Performance Achievement
In order to improve the performance of the Micro The Micro Business segment was one of the business
Business segment, the unit undertake a number of segments most affected by the COVID-19 pandemic.
strategies: BTPN cooperated with affected customers, as well as
1. Continuing with the transformation of Micro supported their business continuity by relaxing credit
Business. according to the provisions of the Financial Services
2. Continuing with branch consolidation, alignment Authority (OJK). Micro Business intensively conducted
of distribution model/micro business channel and the restructuring process.
adjust to existing distribution model
3. Continuing with the strategy related to human In line with budget projections and strategies for 2020
resources, opportunities to move to other in which Micro businesses were undergoing a business
businesses and share resources for support units transformation process, especially in terms of seeing
to manage the effectiveness of micro business new micro business opportunities and adjusting them
organizations. to the needs and patterns of micro-entrepreneurs in
4. Continuing with roll-out process for new model of running their businesses, Micro loans were projected to
micro business with secured loan decline. At the end of December 2020, the loan balance
5. Developing the digital platform for micro business was recorded at Rp905 billion, a decrease of 43.8% yoy.
model (non-collateral loan)
6. Managing the KUR business model with Micro loan quality reflected in the declining of NPL ratio
Partnership and avalist model to 1.76% from 2.82% in the previous year. The decline
was mainly caused by loan restructuring of customers
affected by COVID-19.
BUSINESS BANKING • Continue to develop digital SME which targeting

small SMEs who are more digital savvy.
The Business Banking Units of BTPN has two • Continue to develop Consumer Finance business
business segments, namely BTPN Mitra Bisnis (SME) through financing for end-users, multifinance
and Consumer Finance. Both segments provide companies and fintechs.
comprehensive services, from credit to other banking
services and training. Performance Achievement
The performance of the Business Banking segment is
The business priority of Mitra Bisnis are speed and described based on the line of business: Mitra Bisnis
working capital loans, access to market, continuous and Consumer Finance with details as follows:
relationship with suppliers and the need to increase the
businesses’ competencies and information. Mitra Bisnis
Until the end of year 2020, the total customer accounts
Business development of Consumer Finance is carried serviced by BTPN Mitra Bisnis reached more that 2,800
out through financing for end-users, companies or customers. The number slightly declined compared to
financial institutions, both by means of direct and the previous year which logged 3,100 customers.
indirect financiang schemes. Consumer Finance
business also takes on efforts to improve the synergy From the above number of customers, loans disbursed
and collaboration with affiliated companies as part of reached Rp11.5 trillion. This amount dropped by 10.7%
the objective to enlarge customer network. compared to the previous year which amounted to
Rp12.8 trillion.
124 Initiatives and Strategies
2020 is a challenging year as the economic conditions Consumer Finance
impacted by the COVID-19 pandemic, among others Loans to end-users, companies or financing institutions
have caused the decline in YoY lending volume, both in both through direct and indirect financing up until the
Mitra Bisnis and Consumer Finance YoY by 10.7% and end of year 2020 totaled Rp2.0 trillion. This amount
60.8%, respectively. declined from the Rp5.6 trillion of the previous year. In
disbursing credit lines, BTPN refers to the principles of
A number of initiatives and strategies developed during providing sound and prudent loans.
the fiscal year to improve the performance of the
Business Banking segment are including the following: Credit Quality
1. Internal collaboration through the supply chain From the quality aspect, Business Banking Non-
scheme. Performing Loan (NPL) was recorded at 4.70%, higher
2. Cooperation through cross-selling with Jenius for than previous year.
financing and payroll account.
3. Transactional services through “AksesBisnis@BTPN” CORPORATE BANKING
digital platform.
4. Optimization of the loan restructuring process for The Corporate Banking business segment of BTPN
debtors impacted by COVID-19. has two business segment, namely corporate segment
5. Application development to improve the quality and consisting of Japanese corporate customer and the
speed of services to customers. Non-Japanese corporate segment (Wholesale Banking).
2021 Strategic Plans The Corporate Banking segment serves Japanese

• Focus to proactively managing the restructured corporate, Indonesian corporate customers in the Tier 1,
accounts who impacted by the pandemic. Tier 2, Commercial Banking segments and Multinational
• Adopting more conservative risk appetite in loans Corporation (MNC).
growth.
• Mitra Bisnis will focus to existing customers and
acquire new customers through Supply Chain
approach as part of synergy with Corporate
business segment.
In general, services provided were in the forms of Under such circumstances, the Corporate Banking
bilateral, structured nor trade financing/lending, funds focuses more on major corporate customers as the
collection, as well as cash management. In financing, forefront players in several sectors. For example
Bank BTPN is not limited to providing only short-term automotive, Fast Moving Consumer Goods (FMCG),
working capital financing, but also medium and long- telecommunication, health and medicine/pharmacy,
term rupiah as well as foreign currency investment energy resilience project, food and infrastructure
loans. In addition, there is also financing for accredited resilience, as well as export-oriented industries in
Export Credit Agency (ECA). line with the Indonesian government’s development
program.
In the field of corporate funds collection, BTPN provides
Corporate Account services in the form of Checking Bank also encourages special policies, among others
Account. Checking Account services may be accessed to focus on maintaining the quality of loan portfolio. In
through digital technology which does not limit the line with Government and OJK policies in restructuring
customers’ space and time. policies and the National Economic Recovery
Program (PEN). Corporate Banking is proactively
For transactional convenience, BTPN provides accounts working together with debtors who are impacted
with 12 currencies. While for funds withdrawal, four by the COVID-19 conditions that restructuring/relief
types of currencies are available, namely Rupiah, US program is offered to help them through the difficult
Dollar, Japanese Yen and Euro. time and ensure that the quality of the loan portfolio is
maintained.
BTPN also assists with remittance services, considering
the Bank is a member of the national clearing as well as The Corporate Banking business segment has also
125
the SWIFT systems, linked with diverse network of local materialized a number of other initiatives and strategies
and overseas correspondent banks. Activities related to as response to the market conditions. This encourages

remittance may be carried out through internet banking the achievement of the set targets, including the
as well as manually at the Bank. Other facilities provided following:
by Corporate Banking are trade financing (including 1. Enforce financing so that customers receive financial
export and import) and payment of taxes. Support for support in facing the pandemic time this year.
customer’s operational performance is also provided 2. Provide integrated services to customers through
through cash management. collaborations with such other business units as
Jenius, Sinaya and Supply Chain Financing that
Initiatives and Strategies offer customers with end-to-end services.
Throughout the year 2020, the challenge faced by the 3. Implement a new online-based marketing strategy
Corporate Banking business segment was the risk of to customers, such as in the form of web meeting
declining customers’ transaction volume as part of the to grasp every financial need required by customers
global impact of the COVID-19 pandemic. The impact quickly and accurately. In addition, conducting
did not only occur in the loan growth but also in the online seminars on various themes that morally
quality of the credit portfolio. From the loan growth support the customers.
aspect in general, the need for working capital and 4. Increase the portion of fee-based income from trade
investment for the corporation segment declined in line finance and foreign exchange transactions as well
with the slowing-down of the economy. as cash management.
5. Create the ecosystem and connectivity both for
In the condition downward trend of the benchmark end-to-end financing as well as cash management.
interest rate, corporate banking relatively able to 6. Strengthen the synergy with other business lines,
maintain Net Interest Margin. This contributed to the namely the Business Banking and Retail Banking.
achievement of interest income of 102.8% against the 7. Expand corporate services by utilizing Bank BTPN’s
2020 target existing branch offices.
8. Commit to continuously provide loans with the
principle of sustainability to increase support for the
public’s interests.
9. Improve the interconnection of information sytem to
support cash management services.
2021 Strategic Plans Until the end of the fiscal year, BTPN’s Corporate
For the coming year, the Corporate Banking business segment together with SMBC were entrusted to be
has prepared a number of strategic plans, among others the Mandated Lead Arranger and Bookrunner (MLAB)/
including the following: Mandated Lead Arranger (MLA) on 13 syndicated
1. Strengthen the ecosystem and connectivity for end- agreements. This made the Bank to continue to be
to-end financing and cash management through ranked as the “Top 3” Indonesian Mandated Lead
strengthening the sysnergy with other business Arranger and Bookrunner (MLAB).
units. This is carried out, among others, through
expansion of network at such strategic locations In 2020 the corporate segment focus to increase the
as industrial estates so that services provided can corporate credit by remaining to be prudent, and control
be comprehensive and penetrate the market. For expense on operational costs.
example, opening a corporate branch at Cikarang
area, expanding corporate services in Bandung Referring to the Revised 2020 RBB, as of 31 December
branch by utilizing Bank BTPN’s existing office 2020, the achievement of corporate loans is 83.3%
network and also install ATM units in several of of the target. In the midst of a pandemic, determining
customers’ offices, collaborating with other work the right target market by providing loans that focus
units such as Jenius and Sinaya. on several industry leaders in strategic sectors
2. Strengthening the collection service for customers accompanied by proactive credit portfolio management
as an initiative to improve third parties’ funds are the two main keys to success. The sectors that are
collection. the focus of BTPN include FMCG, telecommunications,
3. Increasing fee-based transactions among others health and pharmaceuticals, automotive, energy
126 through Trade, Supply Chain Financing, Structured security projects, food security and infrastructure, and
Finance (Project Finance, Syndication and ECA) export-oriented industries.
transactions, and derivative products.
4. Increase the provision of loans with the principle of Product Performance of Corporate Banking in 2020
sustainability to increase the public’s interests.
5. From the aspect of credit disbursement, Corporate Loan
Banking will focus on industries that are surviving On loan performance, some Rp78.6 trillion was
during the COVID-19 pandemic and industries successfully disbursed up until the end of fiscal year
that are potential to grow faster in line with the 2020, an increase of 3.9% compared to the year 2019’s
government’s prioritized programs, among others Rp75.7 trillion. Corporate Banking loans accounted for
are as follows: positive effect from the Omnibus 57.7% of BTPN’s total loans.
Law, mineral downstream program, energy
resilience, food and infrastructure resilience. In terms of loan quality, Corporate Banking managed to
maintain a low level of Non-Performing Loan (NPL) at
Performance Achievement 0.73%. While this represents a slight increase compared
The sluggish national economic condition due to the to the previous year, the NPL was still relatively low if
COVID-19 pandemic, seemingly as if an automotive compared to the NPL of the banking industry which
factory suddenly stopped operation and effected recorded 3.1%.
the supply chain, effecting the performance of the
customers’ transaction volume. This is also occurring Up until the end of 2020, the Japanese Corporate
in other industries. Nevertheless, the performance of Banking loan portfolio increased by 4.3%, while Loan
Corporate Banking throughout the fiscal year 2020 Average Balance increased by 15.5% compared to
remained well maintained. year 2019. Such growth was caused by a significant
increase in Rupiah loans which reached 42%, as the
impact of increasing needs of local customers in facing
the COVID-19 situation.
Trade Finance TREASURY
The trade finance product of BTPN is becoming more
complete with the combination between trade finance The Treasury unit of BTPN serves the needs of
and global connectivity required for export and import customers for treasury products, such as foreign
transactions as well as for local value-chain financing currency and derivative. The Treasury segment
needed by corporate customers. The Bank provides continuously optimizing its portfolio at an efficient level
facilities for suppliers and distributors. This is possible and proactive in managing the Bank’s liquidity. The
due to the synergy with the Business Banking line of Treasur also takes an active role in risk management
business in BTPN. and fulfilling the ratios mandated by regulator.
Up until the end of 2020, trade finance assets reached In the year 2020, as in other business segments or
Rp14.3 trillion, a growth of 47.1% compared to Rp9.7 banking in general, the COVID-19 pandemic has
trillion in the previous year. detrimentall impacted the Treasury Segment. For
that reason, a specific policy implemented during the
Cash Management pandemic times is the split operation policy in order
BTPN has long been known as leader of digital banking to maintain the continuity of Treasury activities during
with the several electronic banking platforms, such the enforcement of the Large-Scale Social Restrictions
as the SMAR&TS, AksesBisnis, Jenius digital banking (PSBB).
and BTPN Wow! which all complement each other and
support the needs of corporate bank customers. This Initiatives and Strategies
will very much help corporate customers in conducting In the midst of COVID-19 pandemic that has affected
better liquidity management on all of the value chain the economy in the year 2020, the biggest challenge 127
customers and provide digital experience of high faced by the Treasury Segment is the weakening of the
standards. growth in credit. For this reason, the Treasury places

funds in other instruments, such as the State Securities/
Until the end of 2020, the total funds of cash Government Debt Securities (SBN/SUN).
management grew by 103.6%, from Rp28.8 trillion in
2019 to Rp58.6 trillion in 2020. For maintaining liquidiy at a safe level, BTPN
implements several strategies, including the following:
Foreign Exchange 1. Monitoring liquidity indicators to remain in safe
BTPN provides comprehensive hedging services that condition, namely higher than the required
may be utilized by corporate customers to protect their specification. As of 31 December 2020, Liquidity
asset, obligations and cashflows from the negative Coverage Ratio (LCR) was at 282% and Net Stable
impact of financial market movements in terms of Funding Ratio (NSFR) at 115%.
interest rate, foreign exchange currency exchange or 2. Conduct diversification of funding source by
others. developing funding from such sectors as wholesale,
retail and public sector/financial institutions.
Until the end of fiscal year 2020, the number of Foreign 3. Continuously developing long-term funding by
Exchange transactions reached 11.9 million, a growth of issuing rupiah obligation and attaining long-term
10.3% compared to 10.8 million in 2019. standby loan facility in Rupiah currency as well as
foreign currencies from local banks and foreign
banks/international financial institutions.
4. Optimizing structured funding for liquidity Meanwhile, foreign exchange transaction with
requirements. customers increased by 10,3%. Income from fee
margin declined by about 9.6% compared to the year
Bank BTPN’s adequacy in policy and liquidity 2019.
management (ALMA) is relatively sufficient and always
updated with supporting indicators as follows: In 2020, bonds payable amounted to Rp993 billion,
1. Availability of contingency plan in accessing back- while borrowings received amounted to Rp31.2 trillion.
up liquidity.
2. Availability of relatively sound policy in line with the Interbank loan was recorded at Rp6.5 trillion. As
assets and liabilities structures. interbank loan bears lower interest rate, efficiency in
3. Availability of provisions and procedures of authority interest expenses was achieved in line with the direction
limits on liquidity management. of the management.
4. Accountability and the path to delegation of
authority is applied in accordane with the needs of In terms of liquidity, the Bank’s performance is
the Bank. sufficiently good, as shown by several indicators below:
1. The loan to deposit ratio (LDR) is relatively moderate
Strategic Plans in 2021 134%. For US Dollar-denominated borrowings, in
For fiscal year 2021, the Treasury Business Segment addition to funding from customer deposits, the
continue to maintain liquidity as required. Moreover, Bank also rely on offshore borrowing from SMBC.
it will continue to take into account the credit growth 2. Liquidity indicators, such as Liquidity Coverage
which is estimated to recover. Thus, the Bank’s Ratio (LCR) and Net Stable Funding Ratio (NSFR)
128 performance will improve. were at safe levels: 282% for LCR and 115% for
NSFR.
Performance Achievement 3. Dependency on concentration risk as visible
Up to end of 2020, placements with Bank Indonesia from the ratio of total 50 main depositors to total
and with other banks amounted to Rp17.0 trillion, up by customer deposits position as of 31 December 2020
91.8% from Rp8.8 trillion recorded in 2019. The largest that reached 34.45%. In line with the growth of
increase came from placements in time deposits that third-party funds, BTPN will continue to take efforts
increased by Rp9.3 trillion. Marketable securities at the to reduce the concentration risk level.
end of 2020 amounted to Rp14.8 trillion, an increase of 4. Funding was relatively stable even though it
39.0% from Rp10.7 trillion in 2019. experienced a slight decrease, namely 0.2% up
to December 2020. Customer deposits growth
reached 15.9% and balanced with a decline in
borrowings at 15.7%.
Description Unit 2020 2019 2018
Number of Customers Unit 1,252 837 -
Volume Foreign Exchange Million USD 11,414 10,240 7,322
Volume Derivatives Million USD 455 524 432

SHARIAH BANKING In addition, together with Bank Indonesia that reduced
the benchmark interest rate, BTPN Syariah also
The shariah banking business of BTPN is managed responded to the policy. The BTPN Syariah periodically
by a subsidiary, namely PT Bank Tabungan Pensiunan reduced the rate indication of Third Party Funds (DPK)
Nasional Syariah Tbk (BTPN Syariah). The entity by referring to Bank Indonesia’s interest rate.
became a public company with its shares registered in
the Indonesia Stock Exchange since the year 2018. Initiatives and Strategies
The COVID-19 pandemic has led many countries to
In line with the vision and mission, the Bank’s shariah adjust their policies related to health protocols, such
business remained focused on the mass market as with lockdown and social distancing for the public.
segment or the low-income communities. This policy The impact of such policies has caused the economic
was undertaken as the market potential is very vast, wheel to slow down. Almost every country in the world,
however there was no conventional nor shariah banks including Indonesia has responded with the reduction of
that focus on this market. For BTPN Syariah, this was benchmark interest rate by the Central Bank, expansive
altogether an opportunity as well as a calling. fiscal policy and extension of financial stimulus by the
government.
For that reason, in the midst of COVID-19 calamity that
occurred in the year 2020, the BTPN Syariah remained In such circumstances, a number of initiatives and
consistent and focused with the direction and policy set strategies implemented by the BTPN Syariah throughout
forth since the year 2017, namely to form the “Shariah the year 2020 have included the following:
Digital Ecosystem” for the productive poor segment. 1. Actively take part in supporting the national
The 4 (four) pillars of its focus are to develop operational economic recovery set-forth by the government,
129
excellence, increase the bank’s asset, explore fee- especially for the Micro, Small and Middle Scale
based income and strengthen the organization. Business (UMKM).

2. The Bank remains consistent to implement vigilant
BTPN Syariah will also continue to support the and focused principles towards the productive poor
regulator’s or the government’s programs, such as the segments with discipline as well as to support with
following: inclusive financial initiatives so that the mentioned
1. Financial relief options for impacted customers in segments are able to obtain banking access,
accordance with POJK No. 11 POJK.04/2020 on the services and products that provide the feeling of
National Economic Stimulus as the Countercyclical security and convenience with the principles of
Policy on the Impact of the Spread of the 2019 Shariah.
Coronavirus Disease. 3. Continue to safeguard financial performance and
2. Regulation of the Minister of Finance of the grow in line with the principle of “Do Good, Do
Republic of Indonesia No. 71/PMK.08/2020 on the Well.” BTPN Syariah continuously ensure that good
Procedures of the Government’s Guarantee through financial performance will always be balanced with
a Guarantee Business Entity appointed for the meaningful and measurable social impact. BTPN
Implementation of the National Economic Recovery Syariah will not only acquire financial advantage
Program. but also will always ensure to keep generating
3. Qanun Aceh No. 11 of the Year 2018 on Shariah positive impact on the lives of the productive poor
Financial Institution customers, that would make their life better.
4. Regulation of the Financial Service Authority (OJK)
No. 51 of the Year 2017 on Sustainable Financial
Action.
4. From the financing side, the BTPN Syariah has also Performance Achievement
such initiatives and strategies as follows: By the end of fiscal year 2020, the total asset of BTPN
a. Bundling of saving products with financing to Syariah amounted to Rp16.435 trillion. Compared to
Tunas Usaha Rakyat (TUR) customers. the year 2019 of Rp15.383 trillion, this was an increase
b. Selling of Basic Saving Account (BSA) and of 7%.
Regular Saving Account (RSA) from the “Mitra
Tepat” (meaning the right partner) services to the In general, the performance of BTPN Syariah during the
mass market segment. fiscal year was well maintained, as shown by several
c. Developing shariah financial products by financial ratios which were steadily sustained, such
establishing savings or deposit products in as with BOPO and NPF gross ratios at the 72.4% and
accordance with Shariah principles. (Tepat 1.9%, respectively. For CAR that calculates financing
Tabungan, Tepat Tabungan Platinum, Tepat risk and operational risk was noted to reach 49.4%, far
Deposito, Tepat Tabungan Rencana, and Tepat beyond the minimum stipulation set by regulator.
Giro products).
d. The Haj Pilgrimmage Savings Account product On financing, the total amount disbursed by BTPN
with the permission from SISKOHAT. Syariah throughout the year 2020 reached Rp9.523
e. Branch offices with the main focus on trillion. Compared to the Rp9.000 trillion in year 2019,
financing services proven successful at BTPN this was an increase of 6%. Growth remains dominated
Conventional/Commercial Banks. by financing to the mass market segment that grew by
f. Internet banking services to provide simpler 6% (year on year).
accessibility and transactional convenience for
130 customers to be able to manage anytime and The quality of disbursed financing has also been well
anywhere without having to go the branch office. maintained. On a net basis, NPF in the year 2020
g. Conduct cooperation with BTPN Conventional, reached 0.0%, while in the year 2019 it was noted at
both at the Wholesale, Public Sector as well as 0.2%. This was one of the best achievement compared
Retail Funding business units to offer shariah to industry average. Meanwhile, performance in
financial products through the Commercial Bank funds collection, the total Third Party Funds (TPF)
Shariah Services concept. accumulated by the Bank totaled Rp9.780 trillion. The
h. Manage shariah funding liquidity efficiently and amount increased by 4% if compared to Rp9.446 trillion
effectively through the money market desk at in the previous year.
the Treasury, among others: interbank facilities
with BTPN conventional/commercial and other The growth rate of DPK was directly correlated with
shariah banks. Financing to Deposit Ratio (FDR) of which until the
i. Automated Teller Machine (ATM) covering end of the fiscal year reached 97.4%. According to the
ATM cards and ATM machine services itself to Bank’s policy, third party funds’ acquisition must be
increase financing. harmonized with the growth rate in funds disbursement
so that FDR level can be well maintained in line with the
2021 Strategic Plans target.
For next year, the BTPN Syariah will continue with the
4 (four) major strategic steps pioneered since the last 3
(three) years, namely as follows:
1. Develop Operational Excellence to ensure
effectiveness and efficiency of services.
2. Increase BTPN Syariah Assets.
3. Explore fee-based income.
4. Strengthen the Bank’s organizational capabilities,
in terms of capital, technology as well as human
resources and the organization so that the Bank’s
risk management and good corporate governance
(GCG) can be thoroughly implemented, with the
predicate of risk composite at position 2 maintained
and continue to safeguard capital stability as a
BUKU 3 bank.
PROFITABILITY BY BUSINESS SEGMENT
(Rp Million)
Retail Banking Corporate Banking

Indicator
2020 2019 2018 2020 2019 2018
Net Interest Income/(Expenses) 3,024,241 3,390,763 3,542,223 1,971,878 1,519,206 -
Net Operating Income/ (2,019,912) (2,039,224) (1,931,192) (426,443) (37,965) -

(Expenses)
Income/(Loss) Before Tax 1,004,524 1,345,484 1,610,745 1,545,359 1,481,241 -
Net Income/(Loss) 799,360 1,001,118 1,155,818 1,229,733 1,102,129 -
(Rp Million)
UMKM Funding & Treasury

Indicator
2020 2019 2018 2020 2019 2018
Net Interest Income/(Expenses) 716,642 785,909 1,042,545 1,371,704 1,362,052 1,936,046
Net Operating Income/ (1,778,897) (1,303,368) (1,309,200) (1,105,672) (1,525,919) (1,635,215)

(Expenses)
Income/(Loss) Before Tax (1,060,641) (517,556) (266,778) 262,205 (168,496) 276,442

131
Net Income/(Loss) (844,015) (385,092) (191,431) 208,652 (125,370) 198,366

(Rp Million)
Sharia Banking
Indicator
2020 2019 2018
Net Interest Income/(Expenses) 3,539,963 3,933,765 3,079,594
Net Operating Income/(Expenses) (2,420,323) (2,052,701) (1,777,045)
Income/(Loss) Before Tax 1,124,296 1,878,249 1,299,019
Net Income/(Loss) 854,614 1,399,633 965,311

Financial
Performance Review
Customer Deposits
Rp 100.8 trillion By the end of the fiscal year

The increase in Customer
Deposits were accompanied
2020, the Bank recorded total
by efforts to reduce the cost of Customer Deposits of Rp100.8
funds in line with the reduction
of Bank Indonesia benchmark trillion, increasing 15.93% over the
interest rates.
amount in 2019 of Rp86.9 trillion.
The balance of CASA funds also
Total Equity increased by 13.81% from the
132
Rp 33 trillion
corresponding period the previous
Total Equity increased by year. The increase in Customer
4.74% to reach Rp33 trillion,

reflecting the increase in Deposits reflects positively on
retained earnings.
The Bank maintained a solid
customer confidence as well as the
CAR of 25.55%, higher than
industry average.
solid business foundation of BTPN.
D
epiction of BTPN’s financial performance of OJK Regulation No. 48/POJK-3/2020 concerning
is prepared in line with the consolidated “Amendment of OJK Regulation No. 11/POJK–3/2020”.
financial statements reported in accordance With this amendment, the loan restructuring policy,
with the Financial Accounting Standards which was initially set to end by 31 March 2021, was
(FAS/SAK) for the year ended 31 December 2020. The then extended for another one year until 31 March 2022.
report is also part of the 2020 Annual Report.
Nevertheless, BTPN managed to maintain strong
BTPN’s performance in the year 2020, the same as fundamentals in 2020 amidst global and domestic
the banking industry, is impacted by the COVID-19 economic uncertainty due to the COVID-19 pandemic.
pandemic. All the more so as a response to such a BTPN focuses on ensuring the health of customers and
condition, Bank Indonesia has 5 (five) times lowered employees, working with impacted debtor customers,
the benchmark interest rate, BI 7-day (reverse) Repo and supporting their business continuity by relaxing
Rate. From 5.00% at the beginning of the year, to credit according to OJK regulations and at the same
3.75% by mid December. Financial Service Authority time also realizing the facilities of the National Economic
(OJK) also issued the loan restructuring policy for the Recovery (PEN) program.
banking industry as a countercyclical policy on the
impact of the spread of COVID-19. This is contained in
the OJK Regulation No. 11/POJK–3/2020 concerning
“the National Economic Stimulus as the Countercyclical
Policy on the Impact of the Spread of 2019 Corona
Virus Disease”, which was amended by the enactment
133

BTPN mitigates impacts and risks by selective the placement with Bank Indonesia and other banks
lending, restructuring and managing credit costs, and securities along with the quite significant growth in
proactively managing NPLs, reducing funding costs, third-party funds.
actively managing liquidity and funding and improving
operational effectiveness on an ongoing basis. In Loans disbursed declined in line with the slowdown
addition, it also continues to accelerate digital banking of lending in the banking industry due to weakening
capabilities to provide banking services that are not economic activity as a result of the COVID-19
only relevant but answer pandemic challenges for pandemic.
customers.
The decline in loans by BTPN was mostly evident in
The following is the financial performance review for the Consumer Financing and the MSME segments.
2020 and 2019. BTPN has merged with SMBCI since 1 The decline in lending is also attributable to weakening
February 2019. business activities as well as higher loan repayments
compared to new credit facilities. Nevertheless, loans
BALANCE SHEET in the Corporate and Sharia segments still recorded
positive growth of 3.9% and 5.8% (yoy), respectively, to
ASSETS Rp78.6 trillion and Rp9.5 trillion, respectively.
As of the end of fiscal year 2020, total assets posted
by BTPN reached Rp183.2 trillion. Compared to the
Rp181.6 trillion in 2019, an increase of 0.8% was
posted. The increment was contributed mainly from
Asset Performance (Rp Million)
Description 2020 2019 2018
Cash 2,433,196 2,299,062 1,838,136
Current Accounts with Bank Indonesia 5,616,968 8,987,079 5,248,644
Current Accounts with other banks 896,568 1,056,904 841,464
Placements with Bank Indonesia and other banks 16,954,868 8,839,876 11,720,619
Securities 14,804,656 10,654,624 6,806,407
Securities purchased under resale agreement - - 1,591,672
Loans and Sharia financing/receivables 136,212,619 141,760,183 68,136,780
Fixed Asset – Net 2,357,987 1,893,746 1,786,727
Intangible Assets – Net 1,040,599 1,068,542 940,830
Other Assets 2,848,517 5,071,369 2,429,945

Total Assets 183,165,978 181,631,385 101,341,224
The cash position of BTPN in the year 2020 reached Loans

Rp2.4 trillion, an increase of 5.8% if compared to the The total amount of loans disbursed during fiscal year
previous year at Rp2.3 trillion. 2020 amounted to Rp136.2 trillion. Compared to the
Rp141.8 trillion in 2019, loans disbursed declined by
134 Current accounts with Bank Indonesia dropped by 3.9%. The decline was mostly caused by the COVID-19
37.5%, from Rp9.0 trillion to Rp5.6 trillion. pandemic which became a tough challenge for the
banking industry. The slowdown in lending was also
Financial Assets caused by weakening business activity and higher loan

BTPN’s financial assets consist of current accounts repayments compared to new credit facilities.
with Bank Indonesia, current accounts with other
banks, placements with Bank Indonesia and other The business segment which was mostly impacted
banks, securities, derivative receivables, acceptance by the COVID-19 pandemic in the year 2020 was the
receivables, and loans. Most of the financial assets are Consumer Financing and MSME (UMKM) segments.
in the form of loans that amounted to Rp136.2 trillion or The business segment which managed to post growth
77.0% of the total financial assets. was the Corporate and Shariah Financing segments,
each posted growth of 3.9% and 5.8%, respectively.
By the end of fiscal year 2020, the financial assets While the Pension business segment decreased more
owned by BTPN totaled Rp176.9 trillion. Compared due to Pension business reached maturity.
to the year 2019, an increase of 1.7% was recorded.
The increase was mainly due to placements with Bank The year 2020 was full of challenges with the
Indonesia and other banks. Financial assets measured uncertainties and pressures due to the impact of
at acquisition cost are in the form of Bank Indonesia COVID-19 pandemic. The Bank was proactive in
Sukuk, Sovereign Shariah Securities, Government supporting its debtors, and especially those debtors
Bonds, Export Bills and others, worth a total of Rp5.0 most impacted by the pandemic, by providing
trillion. financial solutions adjusted to debtors’ condition and
a loan restructuring policy in accordance with related
While financial assets measured at fair value government regulations. As of December 31, 2020,
through other comprehensive income in the forms of the outstanding balance of restructured loan due to
Government Bonds and Sharia Mutual Funds are worth COVID-19 was Rp8.75 trillion. This amount is equivalent
a total of Rp9.8 trillion. to 6.42% of the total consolidated loans portfolio.
Loans by Segment (Rp Million)
Segment 2020 2019 2018
Growing Business
Corporate 78,642,664 75,713,860 -
Small and Middle-Scale Business 12,545,170 13,883,980 12,898,289
Consumer Financing 2,181,035 5,561,484 5,634,680
Shariah Financing/Receivables 9,522,866 8,999,574 7,277,162
Others 307,548 378,871 823,006
Mature Business
Retail Lending 32,107,874 35,611,265 38,459,840
Micro 905,462 1,611,149 3,043,802
Total 136,212,619 141,760,183 68,136,780
Loans based on utilization is marked by the biggest portion for working capital, at the amount of Rp72.3 trillion or a
slight decrease of 0.5% compared to the year 2019.
While disbursed investment loans amounted to Rp30.7 trillion, an increase of 2.1%. Meanwhile for other uses, such
as consumer loans at the amount of Rp33.2 trillion was a decline of 14.9% if compared to the year 2019.
135
Loans based on Utilization (Rp Million)
Utilization 2020 2019 2018

Working Capital 72,263,707 72,622,684 23,208,258
Investment 30,715,053 30,084,752 3,234,863
Consumer 33,233,859 39,052,746 41,693,660
Jumlah 136,212,619 141,760,183 68,136,780
BTPN’s credit quality was maintained well, as reflected by NPL gross (Consolidation) 1.21% at the end of December
2020. This figure was relatively low compared to the banking industry NPL which at the end of December 2020 was
recorded at 3.06%.
BTPN’s capability to maintain the non-performing loan at a very low level was attributed to the results from the
continuous development efforts in risk management implementation. Risk management also ensures that risk level is
aligned to the Bank’s capability to absorb risks.
Loans by Collectibility (Rp Million, unless noted otherwise)
Utilization 2020 2019 2018
Current 130,019,658 136,164,728 65,838,753

Special Mention 4,550,761 4,442,850 1,453,471
Total Performing Loan 134,570,419 140,607,578 67,292,224
Substandard 700,012 326,913 193,589
Doubtful 138,451 280,541 281,207
Loss 803,737 545,151 369,760
NPL 1,642,200 1,152,605 844,556
Total Loans 136,212,619 141,760,183 68,136,780
NPL-Gross 1.2% 0.8% 1.2%
NPL-Net 0.5% 0.4% 0.5%
LLP/NPL 208.4% 127.3% 134.3%
LIABILITIES
Liabilities of BTPN are mainly derived from customer deposits, including temporary syirkah funds, which in 2020
reached 67.1% of total liabilities. Compared to 2019, the total third-party funds and temporary syirkah funds
increased by 9.2%.
The increase in customer deposits was mostly contributed by Jenius and Corporate banking services. Such increase
of funds was offset by the decrease in deposits from other banks as well as in borrowings, thus the overall total
liabilities was stable if compared to the previous year.
Liabilities Growth (Rp Million)
Deposit from Customers 92,865,540 79,388,815 64,851,852
Temporary Syirkah Fund 7,923,366 7,550,664 5,992,860
Deposit from Other Banks 6,549,336 11,633,474 14,394
Securities Issued 993,045 3,190,628 1,197,442
Borrowings 31,064,289 38,047,455 8,442,765
Others 10,805,649 10,348,421 2,055,581

Total Liabilities 150,201,225 150,159,457 82,554,894
136
Customer Deposits
Total customer deposits including temporary syirkah funds booked by BTPN up until the end of fiscal year 2020
amounted to Rp100.8 trillion, a 15.9% increase if compared to the Rp86.9 trillion in 2019.
CASA balance increased by 13.3% compared to the same period last year. Efforts to raise third party funds are
carried out in line with efforts to reduce the cost of funds in line with the downward trend in Bank Indonesia’s
benchmark interest rate. The growth of the Bank’s third party funds cannot be separated from the high level of
customer confidence as well as the strong business foundation of BTPN. The CASA ratio slightly dropped to 27.5%
compared to 28.1% in 2019, reflectin the higher rate of increase of total customer deposits compared with the rate of
increase of CASA funds.
Details of Customer Deposits (Including Temporary Syirkah Fund) (Rp Million)
Current Account 15,760,708 14,374,226 1,118,905
Saving Deposits 11,929,298 10,060,583 7,843,220
Time Deposits 73,098,900 62,504,670 61,882,587

Total 100,788,906 86,939,479 70,844,712
From the currency aspect, most of the deposits were in rupiah denomination, which amounted to Rp90.4 trillion or
89.7% of the total customer deposits. While deposits in foreign currency amounted to Rp10.4 trillion or 10.3% of the
total customer deposits. Compared to the previous years, rupiah proportion was increased by 3.6%.
Customer Deposits by Currency (Including Temporary Syirkah Fund) (Rp Million)
Rupiah 90,430,613 74,867,803 66,620,481
Foreign Currency 10,358,293 12,071,676 4,224,231

Total 100,788,906 86,939,479 70,844,712
EQUITY
By the end of fiscal year 2020, BTPN’s total equity was recorded at Rp33.0 trillion, which consisted of share capital,
additional paid-in capital, reserves on revaluation of fixed assets and others. Compared to the amount of Rp31.5
trillion in 2019, the increase was 4.7%, mainly from the increment of retained earnings balance.
Equity Growth (Rp Million)
Share Capital 162,979 162,979 117,033
Additional paid-in capital 11,158,710 11,158,702 1,458,886
Reserve on revaluation of fixed assets 801,553 801,553 801,553
Reserve on share-based payment - 244,012 281,748
Reserve on fair value – net 101,255 12,176 3,527
Returns not realized on marketable securities available for - -

-
sale, after tax
Transaction with non-controlling interest (24,267) (24,267) (24,267)
Retained earanings (approariated and non-appropriated) 19,017,089 17,775,292 15,228,584
Treasury shares (262,404) (262,404) (262,404)
Non-controlling Interest 1,749,037 1,603,885 1,181,670
Other equity components 260,801 - - 137

Total Equity 32,964,753 31,471,928 18,786,330

PROFIT AND LOSS PERFORMANCE competitive in line with the decline in benchmark
Until the end of fiscal year 2020, Bank BTPN managed interest rates, so that the Bank experienced a decrease
to post net profit after tax (NPAT) of Rp2.0 trillion, and in yields in this segment. This situation caused pressure
NPAT attributable to owner of parent entity of Rp1.7 on interest income, especially when the Bank also
trillion, lower by 32.0% compared to the Rp2.6 trillion in experienced pressure on high-yield businesses, namely
2019. the Consumer Financing and MSME segments due to
credit restructuring. On the other hand, the Bank can
The pressure due to COVID-19 pandemic to macro reduce the cost of funds, which is down from 5.3%
economic conditions also impacted on the banking to 3.7%, so that the Bank’s interest expense can be
sector, mostly as the result of restrictions on economic reduced. However, overall, net interest income (NII)
activities to arrest the spread of COVID-19. The decreased by 3.3% to Rp10.6 trillion.
Bank also faces restrictions in its business activities,
including its subsidiary BTPN Syariah (BTPNS), Meanwhile, BTPN experienced an increase in fee
where the implementation of PSBB have restricted income by 4.5% mainly from the increase in gain
financing and revenue generating activities at BTPNS. from foreign exchange transaltion and from derivative
In accordance with the provisions of the Financial transactions.
Services Authority (OJK), Bank BTPN collaborates
with affected customers, and supports their business Operating expenses were recorded at Rp6.9 trillion,
continuity by conducting credit relaxation, either in or 3.5% lower than the previous year, mainly due to
the form of lowering interest rates or postponing loan restrictions in some operational activities with reduced
interest payments. The Consumer Financing and MSME activities such as travel and marketing during the
segments are the segments most affected. Meanwhile, pandemic.
in the Corporate segment, interest rates were very
The weakening of the economic sector due to COVID-19 and its impact on bank debtors has caused Bank BTPN to
set aside additional allowance for impairment losses of Rp2.8 trillion in 2020.
Details of the profit and loss performance for 2020 are presented in the table below.
Profit-Loss Performance (Rp Million)
Description 2020 2019* 2018
Interest Income 16,403,483 18,680,979 14,126,651

Interest Expense (5,779,055) (7,689,284) (4,526,243)
Net Interest Income 10,624,428 10,991,695 9,600,408
Other Operating Income 1,688,837 1,616,578 600,139
Other Operating Expense (9,682,751) (8,575,754) (7,252,791)
Profit Before Income Tax 2,633,076 4,018,922 2,919,428
Net Profit For the Year 2,005,677 2,992,418 2,128,064
Net Profit Attributable to Owners of the Parent 1,749,293 2,572,528 1,838,471
* Certain accounts in the comparative information have been reclassified to conform with the presentation of the consolidated statements of
profit or loss and other comprehensive income for the year ended 31 December 2020.
Operating Revenues
BTPN’s operating revenues in the year 2020 declined by 2.3% compared to the year 2019. This was mainly due to
the reduction in the interest income as the result of lower loans, loan restructuring in addition to the lowered loan yield
138 triggered by the reduction in BI’s 7-day Reverse Repo interest rate. Part of the impact of this decrease can be offset
by a decrease in interest expenses.
Operating Expense
The COVID-19 pandemic has pressured on business activities which impacted on financing disbursed by BTPN.
This condition contributed to the increase in operating expenses, especially in the allowance for impairment losses.
The weakening of the economic sector due to COVID-19 and its impact on the debtors caused BTPN to set aside
an allowance for impairment losses of Rp2.8 trillion. Meanwhile, other Operating Expense (other than allowance
for impairment losses) were lower by 3.5% compared to the year 2019, mainly due to less expenses for travel and
marketing as the impact of mobility restriction amid the pandemic.
CASH FLOWS
BTPN logged its cash and cash equivalent by the end of the year 2020 at the amount of Rp25.2 trillion, a 27.1%
increase compared to the year 2019 with Rp19.8 trillion. Growth in the cash flow performance was mainly contributed
by the net cash obtained from operation activities that accounted for 74.0% of the total cash and cash equivalent.
Cash Flow Performance (Rp Million)
Net cash flows provided from (used in) operating activities 18,663,821 (11,970,920) 4,585,807
Net cash flows (used in) provided from investing activities (3,805,233) 11,301,087 (573,678)
Net cash flows (used in) provided from financing activites (9,462,054) 122,307 1,505,543
Net increase (decrease) in cash and cash equivalent 5,396,534 (547,526) 5,517,672
Effect of exchange rate changes on cash and cash (10,562) (35,026) (10,878)
equivalent
Cash and cash equivalents at the beginning of year 19,841,659 20,424,211 14,917,417
Cash and cash equivalent at the end of year 25,227,631 19,841,659 20,424,211
Cash Flow for Operating Activities Liquidity Ratio
Net cash obtained from operating activities during Ratios used to measure sound liquidity level,
the year 2020 reached Rp18.7 trillion, the opposite among others, are Loan to Deposit Rasio (LDR),
condition with the contractions that occurred in the Macroprudential Intermediation Ratio (MIR), Liquidity
previous year. This condition was derived by higher of Coverage Ratio (LCR) and Net Stable Funding Ratio
third party funds and lower loan to customers, which the (NSFR).
opposite of previous year.
The Bank’s LDR and MIR as of 31 December 2020 were
Cash Flow from Investment Activities at 134% and106%, respectively. In addition to customer
Net cash obtained from investment activities during the deposits, the Bank also rely on loans from parent entity,
year 2020 was recorded negative. This condition was borrowing from other banks, and issuance of securities,
caused by increased of net securities purchase during as sources of funding. The LCR and NSFR ratios as of
2020, while in 2019 the increment was due to cash and 31 December 2020 were 282% and 115% respectively,
cash equivalents transfer due to merger. or far beyond the stipulated limit of 100% set by OJK.
Thus, overall liquidity level of Bank BTPN remained very
Cash Flow from Financing Activities sound.
Net cash obtained from financing activities was similar
to the investment cash flow, changed from positive Solvability Ratio
to negative. This condition was caused by payment Another parameter related to the capability to pay debt
of securities issued and installment payments and is the capital ratio measured through solvability ratio.
settlement of borrowings. BTPN always maintain its sound capital, among others
by fulfilling the Capital Adequacy Ratio (CAR) in line with
139
CAPABILITY TO PAY DEBT the provisions set by regulator.

Capability to Pay Short and Long-Term Debt BTPN’s solvability or capability to pay debt is also
BTPN has good liquidity and solvability levels. This is reflected in the level of capital adequacy to cover credit,
reflected in its ability to meet maturing obligations on market and operational risks. The capital adequacy
time, for the payment of both debt principal and interest ratio (CAR) as of 31 December 2020 reached 25.6%,
expenses. an achievement beyond the provision set forth by
Bank Indonesia and this reflects ample room for future
The capability to fulfill the short and long-term growth.
obligations was also assessed as very good, as
endorsed by the statement of an external rating Loan Collectibility
institution. PT Fitch Rating Indonesia maintained the BTPN continuously maintain its productive asset quality
National Rating for long-term and short-term with for sustainable quality business performance. This is
AAA(idn), Stable Outlook and F1+(idn) respectively. shown, among others, through the loan collectibility
Meanwhile PT Pemeringkat Efek Indonesia/PEFINDO level.
(the Indonesian Securities Rating company) presented
the company’s rating as idAAA (Triple A, Stable
Outlook).
Details of Loan Collectibility (Rp Million, unless stated otherwise)
Current 130,019,658 136,164,728 65,838,753
Arrears 1-90 days 4,550,761 4,442,850 1,453,471
Arrears >90 days 1,642,200 1,152,605 844,556
Total loan in arrear 6,192,961 5,595,455 2,298,027
Total loans – gross 136,212,619 141,760,183 68,136,780
% of total in arrear to total loans – gross 4.55% 3.95% 3.37%

In 2020, BTPN’s total loan in arrears (gross) amounted PRIME LENDING RATE
to Rp6.2 trillion, representing 4.55% of the total loan.
This was an increase from the 3.95% in the year 2019. According to the Financial Services Authority Regulation
The increase resulted from increased credit risk due to No. 32/POJK.03/2016 on Transparency and Publication
the COVID-19 pandemic. BTPN continues with efforts to of Bank Reports and Financial Services Authority
control credit risk so that collectibility of disbursed loan Circular Letter No. 9/POJK.03/2020 on Transparency
can be well maintained. and Publication of Conventional Commercial Bank
Reports,, all commercial banks are required to report
Credit quality can also be viewed from the level of and publish the Prime Lending Rate (PLR). This
non-performing loan (NPL). As of 31 December 2020, publication, among others, is to provide clarity and
the NPL-gross was at 1.21% and NPL-net at 0.50%, convenience for customers to contemplate on the
which represented an increase from 0.81% and 0.43%, benefist, costs and risks of the credit offered.
respectively, in 2019. However, such an achievement
remains better than the industry’s average. In addition, PLR also signifies efforts to improve good
corporate governance as well as encourage sound
competition in the banking industry. Banks categorized
PLR based on credit segmentation into 4 groups,
namely Corporate, Retail, Micro and Consumer. Details
on this are provided in the table below.
140 Prime Lending Rate (Period 31 December 2020)
Rupiah Prime Lending Rate Based on Credit Segment

Consumer Loan
Corporate Loan Retail Loan Micro Loan
Mortgage Non-Mortgage
Prime Lending Rate (PLR) 6.08% 9.92% 15.87% - 10.34%
During 2020, adjustments to the Prime Lending Rate In managing its capital on credit risks, the Bank uses the
made by BTPN reach at over 1% (for the Corporate, standard approach which calculates the risk-weighted
Retail and Non-Mortgage Consumption segments). assets (RWA) based on Bank Indonesia’s guidelines and
These changes are in line with BI’s 7 days reverse repo rating by rating agencies.
interest rate, which fell by 1.25%.
BTPN measures its capital adequacy for operational
CAPITAL STRUCTURE risks based on the Basic Indicator Approach Method In
line with prevailing regulations from Bank Indonesia and
Basis and Policy on Capital Structure the Financial Services Authority. The method allows the
BTPN continues to maintain capital adequacy to Bank to allocate capital for operational risks based on
support business growth and protect the Bank from historical data, equivalent to the average gross income
market volatility. In its management, the Bank continues in the last 3 years, multiplied by prevailing coefficient
to sustain balance between capital efficiency and return factor of 15%.
of shareholders’ investment, by retaining the availability
of additional capital to adequately cover potential risks. In accordance with Financial Services Authority
Regulation (POJK) No. 11/POJK.03/2016 on Minimum
The Bank has submitted its report to OJK on the Capital Requirements for Commercial Banks and
process conducted to establish its Internal Capital Financial Services Authority Regulation No. 34/
Adequacy Assessment Process (ICAAP), in line with POJK.03/2016 on the amendment to POJK No. 11/
prevailing regulations. The Bank also continues to POJK.03/2016, the Bank is required to provide a
ensure its capital is adequate in line with its risk profile. minimum capital in accordance with its risk profile.
The minimum capital requirement for banks with a risk Details of Capital Structure
profile rating of 2 is 9% up to less than 10% of the Risk The Bank’s total capital as of 31 December 2020 was
Weighted Assets (RWA). Rp36.3 trillion, an increase compared to the total capital
at the end of 2019. This was due to the reduction in
In addition to the requirement to meet minimum capital the deficiency between the Provision for Asset Quality
based on a risk profile, the Bank is also required to Assessment (PPKA) and the allowance for impairment
provide additional buffer capital with details as follows: losses (CKPN) for productive assets in the core capital
(i) Capital Conservation Buffer, (ii) Countercyclical Buffer, (Tier 1) component, so that the core capital balance
and (iii) Capital Surcharge for Domestic Systemically increases. Meanwhile, the supplementary capital (Tier
Important Banks (D-SIB). 2) has decreased mainly due to a decrease in capital
instruments in the form of shares or others that meet
For the year 2020, due to pandemic situation, the Tier 2 requirements, namely subordinated loans, which
additional buffer capital applicable to the Bank is the have begin to be amortized in 2020.
Capital Conservation Buffer at 0% ( from 2.5% in 2019),
Countercyclical Buffer at 0% and the Capital Surcharge Details of BTPN’s capital structure are described in the
for D-SIB at 1.00%. The Countercyclical buffer and table below.
Capital Surcharge for D-SIB requirements will be
reviewed by regulator twice every year. All buffer capital
requirements must be fulfilled with Common Equity Tier
1 (CET 1).
141
Capital Structure Growth (Rp Million, unless stated otherwise)

Capital Structure 2020 2019 2018
Capital Tier 1 29,426,916 27,259,773 15,898,538
Capital Tier 2 6,920,396 7,543,294 622,526
Total Capital 36,347,312 34,803,067 16,521,064
Risk Weighted Assets:
Credit Risk 118,425,350 124,368,632 49,742,514
Credit and Operational Risk 141,752,434 142,780,626 67,077,208
Credit, Operational and Market Risk 142,253,917 143,582,952 67,131,441
Capital Adequacy Ratio:
Credit Risk 30.7% 28.0% 33.2%
Credit and Operational Risk 25.6% 24.4% 24.6%
Credit, Operational and Market Risk 25.6% 24.2% 24.6%
Material Commitments Related To Capital Goods Investment

Up to the end of the year 2020, BTPN has no material commitment related to capital goods investment.
Realization Of Capital Goods Investment

Until the end of the 2020 financial year, the composition of investment in capital goods in the form of fixed assets
and intangible assets as a whole increased by Rp13.1 billion, or 1.9%. Acquisition of fixed assets in 2020 decreased
slightly by Rp3.3 billion, or 1.0%, compared to the acquisition in 2019, which was due to adjustments to the Bank’s
needs. However, this decrease was offset by an increase in intangible assets of Rp16.4 billion, or 4.3%.
Realization of Capital Goods Investment (Rp Million)
Type of Capital Goods 2020 2019 2018
Fixed Assets 321,383 324,700 382,971
Intangible Assets 396,680 380,234 392,940

Total 718,063 704,934 775,911
MATERIAL INFORMATION AND FACTS ON managed to record a Net Profit exceeding the target.
SUBSEQUENT EVENTS BTPN posted higher revenue in Sharia due to more
activities that could be carried out during the 4th Quarter
There is no material information and facts on than previously anticipated due to COVID-19, while
subsequent events. posting a lower interest expense (lower cost of funds) as
a result of the rate cuts in the benchmark interest rate.
TARGET, REALIZATION AND PROJECTION
In credit disbursement, the expected increase of 5-7%
In 2020, conditions in the business world, including the actually declined by 3.9%, as a result of slower lending
banking sector, were full of challenges. Likewise with activities. The business segment which was most
what happened to BTPN, so that the Bank has to revise impacted was the Consumer Financing and MSME
the business targets that had been previously set. (UMKM) segments. The business segment which
managed to post growth was the Corporate and Shariah
142 COVID-19 has affected the banking industry, including Financing segments, each posted growth of 3.9% and
BTPN, starting in the second quarter of 2020. In the 5.8%, respectively.
first semester of 2020, BTPN conducted a study of the
potential impact of COVID-19. The Bank need to make Details of comparison between target and realization of
revisions to the Bank Business Plan (RBB). The Bank the Bank’s performance in the year 2020 is presented in
revised the RBB for the financial year ending December the table below.
2020, in the Revised RBB proposed at the end of
June 2020. However, by the end of 2020, Bank BTPN
Comparison of Target and Realization
Description Target 2020 Realization 2020
Loan Growth 5-7% -3.9%
Customer Deposit Growth 16-18% 15.9%
Capital Adequacy Ratio >22% 25.6%
ROA <1% 1.4%
ROE >3% 6.1%
NPL (gross) <2% 1.2%
2021 Projection
The projection for 2021 is built with the assumption that COVID-19 will still have an impact on the economy and
business activities during the year.
2021 Projection
Description Target 2021
Loan Growth 5-7%
Customer Deposits Growth 5-7%
Capital Adequacy Ratio >22%
ROA >1%
ROE >5%
NPL (gross) <2%

BUSINESS PROSPECTS also optimize its pension and retail lending business
portfolios and realign the Bank’s resources in Mature
Preparing BTPN’s business prospects includes Business, continue to transform its business and
consideration of the external conditions such as the optimize its operating model.
national economic performance target setforth by the
government. For the year 2021, the government’s The digital strategy will also continue to be a priority
optimistic target for economic growth is set at 4.5- for the Bank in all segments. To that end, the Bank
5.5%. continue to strengthen Information Technology, Human
Resources, Operations, Risk Management, Compliance
One of the important indications in the 2021 business and GCG to support business growth.
prospects, BTPN and also the government, among
others, refer to the availability of the COVID-19 vaccine DIVIDEND
which is expected to improve the control of the spread
of the virus. The Ministry of Finance in the 2021 State Dividend Policy
Budget stated that the availability of COVID-19 vaccine BTPN’s policy on dividend distribution is established in
will boost the confidence of the public and the business the Annual GMS with consideration of the sufficiency
world in the acceleration of economic recovery. of the retained earnings balance, prevailing laws and
regulations such as the long-term and short-term capital
Along with that, BTPN will continue to focus on requirements as well as expectancy in the Bank’s
proactively manage loan restructuring of customers growth and market condition. Recommendations on
impacted by the pandemic. The Bank adopts a more dividend distribution are proposed by the Board of
conservative risk appetite for the Small and Medium- Directors to the President Director and approved by the 143
Scale Enterprise (SME), Consumer and Business Board of Commissioners. The recommendations will
Partners of the People/Micro Financing segments during then be submitted to the Annual GMS for approval by

the year 2021 in its loans which gradually rising. the Shareholders.
In 2021, BTPN will continue to rely on the Corporate To support further business growth, BTPN does not
segment, as the Bank has the risk appetite, core have plans for dividend distribution in the next three
capabilities, and support from the global SMBC network years.
to generate faster revenue growth in the segment. In
the Corporate and Commercial segments, the Bank will MANAGEMENT AND EMPLOYEE STOCK
channel loans selectively to maintain credit quality, and OPTION PROGRAM
the Bank will also increase fee-based income along with
an increase in the Transaction Banking and Treasury Year 2015
businesses. The Bank will also invest in and address BTPN exercised the Management & Employee Stock
the needs of these areas to generate additional revenue Options Program (MESOP) by issuing the rights option
to support its future growth trajectory, to finance its to purchase new shares from portfolio (“Rights Option”)
investment and to sustain future growth while rebuilding without Preemptive Rights to shareholders of the
its SME and Consumer Finance businesses and Company for the period from 2015 to 2020 (“Rights
increasing the efficiency of its operations. Option Program”). The exercise price to be set based
on the Decree of Board of Directors of the Indonesian
BTPN will continue with efforts to increase CASA and Stock Exchange No.Kep-00001/BEI/01-2014 dated 20
reduce the cost of funds, while maintaining healthy January 2014 on the Amendment to Regulation Number
funding and liquidity. In terms of operational costs, the I-A on Listing of Shares (stock) and Equity-Type
Bank will continue with effective cost management, Securities Other Than Stock Issued by the Listed
which is expected to achieve a more optimum cost to Company (“Regulation No. I-A”).
income ratio.
The Company’s Rights Option Program refers to
BTPN will continue to invest in Jenius, which is digital the Financial Services Authority Regulation No. 38/
banking for retail, to maintain its leadership position POJK.04/2014 dated 29 December 2014 on Capital
in Indonesian Digital Banking, thus supporting the Increase of Public Companies Without Preemptive
growth of retail banking in the future. The Bank will Rights.
Based on the Deed of Minutes of the Extraordinary General Meeting of 3. Period III began since 7 May
Shareholders No. 50 dated 26 March 2015 made before Hadijah, SH, Notary 2018
in Jakarta, the Shareholders approved the Company’s plan to conduct the 4. Period IV began since 5
Management and Employee Stock Option Program (2015 MESOP Program). November 2018
5. Period V began since 6 May
The benefits of the Rights Option Program for Bank BTPN are as follows: 2019
1. The Rights Option Program is established to enhance the sense of 6. Period VI began since 2
ownership to the Company which in turn will improve the performance December 2019
of each Participant of the Rights Option Program and eventually improve
the performance of the Company. The entire program to be
2. The granting of the Rights Option to purchase shares, under the conducted in 30 stock exchange
management and employees stock ownership program, is expected days.
to generate coherence between the interests of the Company and the
interests of the Program Participants. The Exercise Price of the Rights
3. Provision of rewards and incentives for Program Participants’ Option shall refer to the Decision of
contribution may enhance the performance of the Company’s the Board of Directors of PT Bursa
management and key personnels. Efek Indonesia No. Kep-00001/
4. The granting of the Rights Option is expected to increase the Program BEI/01-2014 dated 30 January
Participants’ loyalty and improve the Company’s performance in the 2014 on the Amendment to Rule
future by developing a program that is transparent, measurable and Number I-A on the Listing of Shares
assures of its implementation. (Stock) and Equity Type Securities
144 Other Than Stocks Issued by the
Rights Option issued at each stage shall expire on 26 March 2020, namely Listed Company at minimum 90%
within 5 (five) years effective since the date of approval of the BTPN General of the average of closing price
Meeting of Shareholders which approved the Rights Option Program. of the Company at the Indonesia
Stock Exchange during 25 (twenty-
Details of the 2015 Rights Option five) consecutive stock exchange
days prior to the date of the report
Exercise Price per Share Number of Share on the Implementation Plan of the
Date of Rights Option
(in Rupiah) (in thousands)
Rights Option Program.
15 April 2015 4,000 141,575

The Company decided the exercise
10 July 2015 4,000 -
price for all the right option which
9 October 2015 4,000 - will be issued amounted to Rp4,000
8 January 2016 4,000 - per share. The number of shares
11 April 2016 4,000 - that can be issued within the
11 July 2016 4,000 -
Rights Option Program is maximum
233,611,491 shares or 4% from the
10 October 2016 4,000 10,500
issued and fully paid up capital in
the Company.
The exercise period will be divided into 6 periods as follows:
1. Period I began since 1 May 2017
2. Period II began since 6 November 2017
Implementation Period of the 2015 MESOP Program
Number of Stock Number of Stock Number of Stock

Phase Number of Options Exercise Price
Options Offered Options Executed Options Forfeited
I 131,445 ,000 39,433,500 - 240,000 -
II 129,235,000 38,770,500 - 1,350,000 -
III 119,180,000 71,508,000 - 1,620,000 -
IV 108,140,000 64,884,000 - - -
V 92,840,000 92,840,000 - 160,000
VI 91,260,000 91,260,000 - - -
Year 2016
Based on the Deed of Minutes of the Extraordinary General Meeting of Shareholders No. 60 dated 29 April 2016
made before Notary Hadijah, SH, in Jakarta, the shareholders approved to carry out the Company’s plan for the
Employee Stock Option Program (ESOP), or the Rights Option Stock Program to Employees of the Company and
Employees of the Controlling Company (ESOP Program 2016).
As the program implementation aims to retain employees with high performance, in the effort to enhance a sense of
ownership of the company that would support a harmony between the interests of the Company and the interests
of the Employees, in addition to the MESOP Program 2015, the Board of Commissioners has also established an
incentive program for employees of the Company and the Controlling Company to be granted the rights option to
preemptive buy new shares to be issued by the Company for a special price referred to as Exercise Price (ESOP
Program 2016).
The Right Option issued in each phase shall expire on 29 April 2021, meaning within 5 years since the date of
approval of the BTPN Extraordinary General Meeting of Shareholders that approved the Option Rights Program.
Year 2017
Details of the rights option during the year 2017 are presented in table below.
Details of the 2017 Rights Option Program
Date of the Rights Exercise Price 145

Number of Share
Option Per Share (in Rp)

15 June 2016 2,617 56,645,000
9 September 2016 2,617 -
9 December 2016 2,617 -
10 March 2017 2,617 -
12 June 2017 2,617 -
11 September 2017 2,617 -
11 December 2017 2,617 -
The implementation period will be divided into 6 periods:

1. Period I starts on 28 May 2018
2. Period II starts on 17 December 2018
3. Period III starts on 28 May 2019
4. Period IV starts on 19 December 2019
5. Period V starts on 1 June 2020
6. Period VI starts on 17 December 2020
All above schedules will be conducted in 30 stock exchange days.
Specific conditions that may effect the rights and participation in the Rights Option Programs are as follows:
Condition Consequences
Reaching retirement age/ early retirement/ expiration and non- Fully entitled to Rights Option allocated under the name of the
extended contract/ termination due to health reasons/ manpower participant
cut/ company takeover
Death Heirs of participant is fully entitled to Rights Option allocated under

the name of the participant
Resignation/ discharged in dishonor due to act of violation/ Not entitled to Rights Option allocated under the name of the
Company or Controlling Company in bankruptcy/ in confiscation participiant
The exercise price of Rights Option is applied with reference to the Decision Letter of the Board of Directors of PT
Bursa Efek Indonesia No.: Kep-00001/BEI/01-2014 dated 30 January 2014 on the Amendment of Regulation No. I-A
on the Listing of Shares (Stock) and Equity Type Securities Other Than Shares Issued by a Listed Company at the
least 90% of the the average price of the Company’s closing stock trading at the Indonesia Stock Exchange for 25
stock exchange days prior to the date of the Indonesia Stock Exchange report related to the implementation plans
of the Rights Option Program. The Company sets the exercise price of all rights option to be issued at the amount
of Rp2,617 per share. The number of shares that may be issued for the Rights Option Program at maximum of
116,805,746 shares or 2% of the paid-up capital and fully deposited in the Company.
Implementation Period of ESOP Program 2016
Number of Number of Stock Number of Stock Number of Stock Exercise Price

Period
Option Option Offered Option Executed Option Forfeited (Rp)
I 52,690,000 15,807,000 10,670,600 54,000 2,617
II 39,072,400 5,073,400 1,112,900 - 2,617
III 21,000 90,000 12,000 - 2,617
IV 198,000 78,000 3,000 - 2,617
V 195,000 195,000 - - 2,617
VI 195,000 195,000 - - 2,617
146
REALIZATION OF USE OF PROCEEDS FROM PUBLIC OFFERING
Details of issued bonds as a result of Bank BTPN’s public offering and the realization of the use of the proceeds are
shown in the tables below.
Issued Bonds in Fiscal Year
Nominal
Name of Bonds Date of Issuance Maturity Date
(Rp)
Shelf Registry Bonds III Bank BTPN Phase I Year 2016 B 300,000,000,000 11 July 2016 1 July 2019
Series
Shelf Registry Bonds III Bank BTPN Phase II Year 2017 B 900,000,000,000 18 October 2017 17 October 2020
Series
Shelf Registry Bonds IV Bank BTPN Phase I Year 2019 A 799,000,000,000 27 November 2019 26 November 2022
Series
Shelf Registry Bonds IV Bank BTPN Phase I Year 2019 B 201,000,000,000 27 November 2019 26 November 2024
Series
Medium Term Notes (MTN) II Year 2017 PT Bank 1,302,000,000,000 14 June 2017 14 June 2020
Sumitomo Mitsui Indonesia
Realization of the Use of Proceeds from Public Offering (Rp Million)
Value of Realized Public Offering Realization of Use of

Proceeds Proceeds Remaining
Proceeds
Type of Public
No. Effective Date Total from
Offering Expenses Plans for Realization
Proceeds Net Public
of Public Use of Use of
from Public Proceeds Offering
Offering Proceeds Proceeds
Offering
Bank BTPN Bonds 29 September

1 750,000 8,699 741,301 741,301 741,301 0
I Year 2009 2009
Bank BTPN Bonds

2 18 May 2010 1,300,000 8,116 1,291,884 1,291,884 1,291,884 0
II Year 2010
Bank BTPN Bonds 14 December

3 1,100,000 6,476 1,093,524 1,093,524 1,093,524 0
III Year 2010 2010
Value of Realized Public Offering Realization of Use of
Proceeds Proceeds Remaining
Proceeds
Type of Public
No. Effective Date Total from
Offering Expenses Plans for Realization
Proceeds Net Public
of Public Use of Use of
from Public Proceeds Offering
Offering Proceeds Proceeds
Offering
Shelf Registry
Bonds I Bank
4 20 June 2011 500,000 5,057 494,943 494,943 494,943 0
BTPN Phase I Year
2011
Shelf Registry
Bonds I Bank
5 20 June 2011 1,250,000 6,069 1,243,931 1,243,931 1,243,931 0
BTPN Phase II
Year 2012
Shelf Registry
Bonds I Bank
6 20 June 2011 750,000 3,668 746,332 746,332 746,332 0
BTPN Phase II
Year 2013
Shelf Registry
Bonds II Bank
7 26 June 2013 5,800,000 5,292 794,708 794,708 794,708 0
BTPN Phase I Year
2013
Shelf Registry
Bonds III Bank
8 27 June 2016 1,000,000 6,483 993,517 993,517 993,517 0
BTPN Phase I Year
2016
147
Shelf Registry

Bonds III Bank
9 27 June 2016 1,500,000 5,871 1,494,129 1,494,129 1,494,129 0
BTPN Phase II
Year 2017
1,000,000
Shelf Registry
A serie:
Bonds IV Bank 27 November
10 799,000 10,220 989,780 989,780 989,780 0
BTPN Phase I Year 2019
B serie:
2019
201,000
MATERIAL TRANSACTIONS CONTAINING CONFLICT OF INTEREST AND/OR TRANSACTIONS

WITH AFFILIATED/RELATED PARTIES
Material Transactions Containing Conflict of Interest

Throughout the year 2020, there were no Material Transaction between COVID-19 BTPN and members of the Board
of Commissioners, members of the Board of Directors that contain Conflict of Interest.
Transactions with Affiliated or Related Parties

During 2020, the Company recorded 1 (one) Affiliated Transaction which was carried out by (1) using the services of
an Independent Appraiser, (2) announcing Information Disclosure regarding the Affiliated Transaction to the public,
and (3) submitting Information Disclosure to OJK, but this Transaction was not requires approval from Independent
shareholders.
The Affiliated Transaction in question is a Transaction with SMBC in the form of utilization and payment for information
technology services, including development and maintenance costs for information technology, which includes:
(a) FOX application
(b) OBS application
(c) SMAR & TS application
(d) GBR application
(e) Online Circuit Application
(f) eKYC application
(g) SWIFT application, and
(h) Application for Bankers Almanac, submitted to the public and OJK on 18 May 2020.
Furthermore, in order to comply with Article 8 The Board of Directors of the Company in this case has
and Article 9 POJK 42/2020, related to Affiliated stated that the Affiliated Transaction which is a business
Transactions, which are the Company’s business activity and is carried out after the enactment of POJK
activities that are carried out in order to generate 42/2020 is carried out by complying with applicable
business income and are carried out regularly, procedures including Management of Legal Lending
repeatedly, and/or continuously has been disclosed in Limits and Affiliated Transactions.
the audited financial statements for the 2020 financial
year, in a general note entitled Information Regarding
Related Parties pages 175-178.
Realization of Transactions with Affiliated/Related Parties
Related Party Nature of Relationship Nature of Transaction
Sumitomo Mitsui Banking Corporation, Affiliated Company Current accounts with other banks; deposits from
Bangkok other banks
Sumitomo Mitsui Banking Corporation, Affiliated Company Current accounts with other banks
Dusseldorf
Sumitomo Mitsui Banking Corporation, Europe Affiliated Company Current accounts with other banks
Ltd
Hongkong other banks; derivative transactions
148
Sumitomo Mitsui Banking Corporation, Korea Affiliated Company Acceptance payable
Sumitomo Mitsui Banking Corporation, Affiliated Company Deposits from other banks; derivative transactions
Malaysia Berhad
Sumitomo Mitsui Banking Corporation, New Affiliated Company Current accounts with other banks
Delhi
Sumitomo Mitsui Banking Corporation, New Affiliated Company Current accounts with other banks
York
Sumitomo Mitsui Banking Corporation Seoul Affiliated Company Securities
Singapore other banks; borrowings; subordinated loans;
derivative transactions; Acceptance payable
Sumitomo Mitsui Banking Corporation, Tokyo Controlling shareholders Current accounts with other banks; deposits from
other banks; derivative transactions
SMFL Leasing Affiliated Company Deposits from customers; loans; derivative

transactions
Summit Oto Finance Affiliated Company Deposits from customers; loans; derivative
transactions
Oto Multiartha Affiliated Company Deposits from customers; loans; derivative

transactions
PT SBCS Indonesia Affiliated Company Deposits from customers
Nikko Securities Indonesia Affiliated Company Deposits from customers
Value of Transactions with Related Parties

Details of transaction balance with related parties are disclosed in Note 37 to the Consolidated Financial Statements
as of 31 December 2020 that forms part of this Annual Report.
Fairness, Review Mechanism and Fulfillment of the Regulation on Transactions with Affiliated Parties
In performing its business activities, BTPN has the policies for granting approvals on transactions with related parties
in fairness and appropriateness in accordance with prevailing laws and regulations. The Bank conducts certain
transactions with related parties with the same requirements and conditions applicable with third parties.
BTPN performs transactions with related parties due to ownership and/or management relations. All transactions
with related parties are carried out based on the policies and requirements mutually agreed upon.
INFORMATION ON TRANSACTIONS • Bank Indonesia Regulation No.22/4/PBI/2020
RELATED TO INVESTMENT, EXPANSION, dated 26 March 2020, which came into effect
DIVESTMENT, ACQUISITION AND on 1 April 2020 concerning Incentives for Banks
RESTRUCTURING Providing Provision of Funds for Certain Economic
Activities to Support Handling the Economic
During 2020, BTPN did not engage in any material Impacts of the Corona Virus Outbreak, regarding
corporate action. providing incentives in the form of relaxed GWM
Daily rupiah of 0.5% for banks providing funds for
CHANGE IN REGULATIONS WITH certain economic activities to encourage banking
SIGNIFICANT IMPACT TO THE BANK intermediation during a certain period.
• Financial Services Authority Regulation No. 63/
In 2020, several new regulations have been issued POJK.03/2020 concerning Commercial Bank
which may have an impact on the business activities of Reporting Through the Financial Services
the Bank and its subsidiaries. The regulations include, Authority Reporting System and SEOJK No.
among others: 26/SEOJK.03/2020 concerning Conventional
• Financial Services Authority Regulation No.11/ Commercial Bank Reporting Through the Financial
POJK.03/2020 dated 13 March 2020 concerning Services Authority Reporting System. This policy
National Economic Stimulus as a Countercyclical contains technology-based supervision through
Policy on the Impact of Coronavirus Disease 2019, digitizing reports to OJK, as part of the OJK, BI, and
which came into effect since 16 March 2020. This LPS reporting integration program and in line with
policy regulates the quality of credit affected by technological developments.
COVID-19 and restructured is classified as current 149
since the restructuring was carried out until 31 CHANGES IN ACCOUNTING POLICIES
March 2021. This policy aims to encourage the IMPLEMENTED BY THE COMPANY IN

optimization of the banking intermediary function, THE LAST FISCAL YEAR, REASONS AND
maintain financial system stability, and support IMPACT OF CHANGES ON THE FINANCIAL
economic growth. The policy is extended until STATEMENTS
31 March 2022 with reference to POJK No. 48/
POJK.03/2020 dated 1 December 2020 which came Details of changes in accounting policies and the
into effect since 3 December 2020. impact of such changes on the Financial Statements
• Bank Indonesia Regulation No. 22/7/PBI/2020 are disclosed in Note 2d and 47 to the Consolidated
concerning Adjustments to the Implementation of Financial Statements as of 31 December 2020
Several Bank Indonesia Provisions as the Impact that forms part of this Annual Report. Reasons of
of the 2019 Corona Virus Disease Pandemic changes on the financial staments were reffering to
(COVID-19). In order to support the implementation implementation of accounting policies set by IAI.
of government policies regarding large-scale social
restrictions and to maintain the implementation
of various BI regulations in accordance with its
objectives.
• Regulation of Members of the Board of Governors
No.22/10/PADG/2020 dated 29 April 2020
regarding Statutory Reserves (GWM) in Rupiah for
Conventional Commercial Banks (BUK), Sharia
Commercial Banks (BUS) and Sharia Business
Units (UUS) regarding reduction Rupiah GWM of
2% from 5.5% to 3.5% for BUK and a decrease of
0.5% from 4% to 3.5% for BUS and UUS. This is an
effort to maintain the availability of banking liquidity
and mitigate risks from the impact of the domestic
economic slowdown.
COMPLIANCE AS TAX PAYER
BTPN continues to perform its responsibilities as a business entity, such as in paying tax. Details of such compliance
implementation is presented in the table below.
Realization of Tax Payment (Rp Million)
Tax Payment 2020 2019 2018
Corporate Income Tax 541,834 545,060 521,559
Employee Income Tax 306,888 318,760 229,246
INFORMATION ON BUSINESS CONTINUITY One manifestation of the Bank’s ability to manage the
situation is seen in the level of non-performing loans
Conditions in Fiscal Year 2020 (NPL) that can be maintained. Gross NPL increased
In the fiscal year 2020, the condition which was most from 0.81% in 2019 to 1.21% in 2020, but was still
influential to BTPN as well as to the banking industry below the industry average.
was the COVID-19 pandemic. The spread of the virus
has ensued the national economy to enter recession. Up to the publication of this 2020 annual report, BTPN
The majority of the business sectors’ performance were did not find any findings of material uncertainty that may
150 heavily burdened that subsequently affect banking. raise significant doubts regarding the Bank’s ability to
achieve the targets and continue business continuity.
Such a condition has reduced BTPN’s baseline. The
SME segment, Consumer Financing and the lower Strategy Implementation

segments (Micro and Shariah) was negatively impacted Given the situation related to COVID-19 that is still in
which caused the decline in volume, income, and existence, BTPN will continue to focus on proactively
increase in credit expenses significantly. managing credit restructuring and customers affected
by the pandemic. The Bank will also adopt a more
Nevertheless, BTPN remains capable of handling the conservative risk appetite for some of the business
negative impact of the the COVID-19 pandemic. For segments it serves. The Bank will always maintain the
that reason, the situation will not influence the Bank’s quality of the loan portfolio.
business continuity in times ahead.
In addition, generally, BTPN always considers several
The Use of Results from Reviews and Assumptions other strategic factors in order to maintain the continuity
In this COVID-19 pandemic circumstances, BTPN has of the Bank’s business. Anticipated factors include
performed a review, among which refers to the risk macroeconomic and banking conditions, business
management framework. The Bank measured the risk segment performance, financial performance, capital,
level by adopting risk appetite set by the Bank. liquidity and solvency levels in conducting assessments
related to the Bank’s business continuity. Through
From such consideration, up until the end of fiscal these strategic considerations, the Bank will be able
year 2020, the Bank discovered that the impact of the to anticipate through the application of the appropriate
COVID-19 pandemic remained well managed. However, risk management. Thus, the results achieved will be
the Bank continues to closely monitor upcoming maximum and sustainable, ultimately maintaining the
developments, that early warning signs will surface continuity of the Bank’s business in the future.
should risks that require the Bank to respond emerge.
Marketing Aspect
BTPN views marketing activities as a very important accurately and promptly. In addition, conduct seminars
part in operational activities to achieve its business on various themes to morally support customers.
goals. Especially with the competition in the financial
industry, specifically in banking that is increasingly tight The Bank also uses telemarketing to increase credit
year after year, of which among others is encouraged by sales productivity. At the same time, the Bank
the customers’ expectancy that continues to develop. expands the Jenius Pay program with such prominent
e-commerce partners as Blibli, Tokopedia and JD.ID in
This condition is a challenge that must be attended order to grasp the changes in behavior of the customers
to by the Bank so that it can continue to adapt to from offline to online shopping during the COVID-19
any changes that occur. For this reason, the Bank is pandemic.
continually improving its service quality and effective
marketing strategy in facing the growth in the The Bank has even provided monitoring tools for
customers’ needs that is becoming increasingly varied. supervisors to easily process monitoring of activities by
their sales teams as well as to improve the capacity of
For BTPN, maintaining while also increasing market the sales force in line with the new process. Aside from
share becomes very important in order to uphold that, the Bank also conducts a change in cooperation
sustainable business growth. system with BTPN Syariah to become a referral system.
Through such new system, if a customer/potential
MARKETING STRATEGY customer is interested in shariah products, the Bank’s 151
In the year 2020, BTPN has set and implemented a staff at the Syariah Bank Services (LSB) branch will
marketing strategy to increase product and service provide a reference to staffs at BTPN Syariah.

performance. This is carried out not merely to improve
the Company’s business performance, but also to To support maximum services to the customers,
provide maximum satisfaction to customers. the Bank continuously measures its Service Level
Agreement (SLA). The Bank properly handles
In line with information technology development in customers’ complaints, especially to respond
the financial industry including banking, the Bank has immediately and accurately.
also implemented online-based marketing strategy
to customers, such as in the form of web meeting in MARKET SHARE
order to grasp the customers’ every financial needs Explanation on BTPN’s market share in the year 2020 is
presented in the table below.
(Rp Billion, unless stated otherwise)
Criteria Note 2020 2019
Asset Commercial Banks 9,177,894 8,562,974
Bank BTPN 183,166 181,631
Market Share 2.0% 2.1%
Total Third-Party Funds Commercial Banks 6,665,390 5,998,648
Bank BTPN 100,789 86,939
Total Disbursed Loans Commercial Banks 5,481,560 5,616,992
Bank BTPN 136,213 141,760

RISK
MANAGEMENT
154 Risk Management Policies
155 Risk Management Governance
155 Risk Management Organization
155 Risk Management Implementation
156 Focus in 2020
158 Result of Risk Management
Implementation Review
158 Internal Control System
159 Capital Disclosure
173 Risk Exposure Disclosure
PT Bank BTPN Tbk always adheres to

the prudential principle in carrying out
its business activities and based on the
prevailing laws and regulations.
Risk Management
PT Bank BTPN Tbk (“BTPN”, “Bank”) unceasingly apply 9. Measuring and determining the Bank’s risk level to
the prudential principle in carrying out its business be disclosed in the form of risk profile.
activities. Development of external and internal 10. Treasury policies which cover liquidity risk
conditions has caused higher risk complexity in the management and ALMA policy.
banking business activities, as also implemented by the
Bank. Reference of laws and regulations serving as the Bank’s
basis of risk management implementation are including
For that reason, risk management process is designed the following:
for the Bank to be able to identify, measure, monitor and • OJK Regulation No. 18/POJK.03/2016 on the
control the risks faced by Bank BTPN and its subsidiary, Implementation of Risk Management for Commercial
namely BTPN Syariah. Improvement in such capacity Banks.
especially aims for the Bank’s business activities to • OJK Circular Letter No. 34/SEOJK.03/2016 on
avoid causing loss beyond the Bank’s capability, or the Implementation of Risk Management for
even distracts the Bank’s business continuity. Commercial Banks.
• OJK Regulation No.13/POJK.03/ 2020 on the
The Bank has implemented the Integrated Risk Implementation of Risk Management in the Use of
Management which covers all kinds of risks for the Information Technology by Commercial Banks.
sake of business continuity of the Bank as well as its • OJK Circular Letter No. 21/SEOJK.03/2017 on the
subsididary. All related obligations were also carried out Implementation of Risk Management in the Use of
in accordance with the laws and regulations, including Information Technology by Commercial Banks.
the periodical reports to regulator. • OJK Regulation No. 38/POJK.03/2017 on the
154 Consolidated Implementation of Risk Management
RISK MANAGEMENT POLICIES on Banks’ Control Over Subsidiaries.
• OJK Regulation No.17/POJK.03/ 2014 dated
The risk management policies applied by the Bank are 18 November 2014 and OJK Circular Letter No.
consistently in line with the Bank’s vision, mission and 14/SEOJK.03/2015 dated 25 May 2015 on the
strategic plans. The policies are established to ensure Implementation of Integrated Risk Management for
that the Bank’s risk exposure is consistent with internal Financial Conglomerates.
policies and procedures as well as prevailing laws and • OJK Regulation No. 55/POJK.03/2016 dated 7
regulations. December 2016 and OJK Circular Letter No.13/
SEOJK.03/2017 dated 17 March 2017 on
Several concerns are taken into account in Governance Implementation for Commercial Banks.
implementing risk management policies, namely as • OJK Circular Letter No. 35/SEOJK.03/2017 dated
follows: 7 July 2017 on the Guidelines for Internal Control
1. Types of business and product are in line with the System Standards for Commercial Banks.
Bank’s vision, mission and business strategies. • OJK Regulation No. 1/POJK.03/2019 dated 28
2. Clear and controlled identification and mitigation January 2019 on the Implementation of Internal
of risks, specifically which relate to the Bank’s Audit Function in Commercial Banks.
products and transactions. • OJK Regulation No. 46/POJK.03/2017 dated 12 July
3. Clear line of responsibility and accountability in 2017 on the Implementation of Compliance Function
managing each type of risk. in Commercial Banks.
4. Methodology and system of management • OJK Regulation No. 39/POJK.03/2019 on
information used can measure risks and support Implementation of Anti-Fraud Strategy for
business. Commercial Banks.
5. The implementation of authority and the amount • OJK Regulation No. 34/POJK.03/2016 on the
level of the limit show the maximum risk of loss that the Amendment of OJK Regulation No. 11/
may arise in line with the Bank’s tolerance and risk POJK.03/2016 dated 29 January 2016 on the
appetite. Minimum Capital Adequacy Requirement.
6. Business Continuity Management. • Basel Committee on Banking Supervision (BCBS).
7. Policies that regulate new products and activities.  
8. Credit policies that serve as credit guidelines that In addition, the Bank has also several internal provisions
regulate sound credit provision, analysis, approval related to risk management implementation, which
and authority limit to excise credit, recording/ among others include the following: 
register, limit setting and report. • Risk Management Policy
• Compliance Policy
• Corporate Governance Policy the Risk Management Committee charter) to provide
• Internal Audit Policy and Internal Audit Charter recommendations for improving the implementation
• Operational Risk Management Policy of the Bank’s risk management, including holding a
• Management and Security of Information Policy discussion on potential risks faced by the Bank which
• Business Continuity Management Policy might have significant impact. The Risk Management
Directorate regularly reviews policies and procedures,
RISK MANAGEMENT GOVERNANCE including socialization of existing risks faced by the
Bank.
Implementation of risk governance in Bank BTPN refers
to OJK Regulation No.18/POJK.03/2016 and Circular RISK MANAGEMENT ORGANIZATION
Letter No. 34/SEOJK.03/2016 on the Implementation of
Risk Management for Commercial Banks as well as OJK In executing its duties related to risk management
Regulation No.38/POJK.03/2017 on Implementation implementation, the Board of Commissioners and the
of Consolidated Risk Management for Banks that Board of Directors are assisted by a number of work
Conduct Control over Subsidiaries. The Bank delivers units, namely as follows:
risk profile report every quarter, both individually and in 1. Risk Monitoring Committee
consolidation. 2. Risk Management Committee
3. Risk Management Unit
In addition, in line with OJK Regulation No. 17/ 4. Assets and Liabilities Committee (ALCO)
POJK.03/2014 dated 19 November 2014 on the 5. Audit Committee
Implementation of Integrated Risk Management for 6. Information Technology Steering Committee
Financial Conglomerates, Bank BTPN as the Main Entity 7. Internal Audit 155
delivers the integrated risk profile report every semester 8. Risk Taking Unit
to OJK. 9. Compliance Unit

Risk governance in BTPN is managed by the RISK MANAGEMENT IMPLEMENTATION
Directorate of Risk Management, independent from
the business units. At the Board of Directors’ level, In implementing risk management, the Bank refers to
the Risk Management Committee convenes meeting the processes setforth in the Bank’s Risk Management
regularly at least 8 times a year (in accordance with Policy, as described below:
No Risk Management Process Description
1 Risk Identification All types of risk inherent in every product and business activities must be identified. This is carried
out in order to acknowledge the potential risks and impact so that the Bank may be prepared with
control mechanism. Identification is mandatory for each Risk Taking Unit as the first defense layer
and strengthen by the identification of risks by the Risk Management Unit as the second defense
layer, by taking into account some matters noted as follows:
a. Identify all risks periodically.
b. Establish method or system to identify risks on all of the Bank’s products and business activities.
c. Identification process is carried out by analyzing all sources of risk from the Bank’s products and
activities as well as ensuring that such risks are processed through adequate risk management
process prior to approval for implementation.
2 Risk Measurement All identified risks must be weighed as one of the materials to evaluate results of the execution of risk
management implementation and as basis to determining steps for improvement. One of the ways
to measure risk exposure is by determining the risk parameter which must be adjusted if material
changes occur in the product processing, or the risk factor.
3 Risk Monitoring Risk Taking Unit and Risk Management Unit are required to conduct monitoring of risk exposure
and risk limit, as well as to periodically report to the Management and/or the Risk Management
Committee.
4 Risk Controlling Risk control is mandatory to be implemented on the Bank’s products and activities. Such control
refers to the principle of three lines of defense, where Risk Taking Unit and Business Risk as the first
line of defense, Risk Management and Compliance as the second line of defense and the Internal
Audit (SKAI) as the last line of defense.
5 Management Information Management Information System can accommodate risk management strategy, to provide accurate,
System informative of the financial condition, functional performance and risk exposure, up to date, secured,
consistent, and available on on-time basis as well as equipped with audit footprint.
6 Integrated Risk Management Consolidated/integrated risk management monitoring is limited to financial subsidiaries. This is in accordance
Implementation with the provisions of Bank Indonesia and OJK which include:
a. Supervision by the Board of Directors and the Board of Commissioners of the Main Entity.
b. Adequacy in the policies, procedures and limitsetting of Integrated Risk Management.
c. Adequacy in the processes of integrated risk identification, measurement, monitoring and control
as well as the Integrated Risk Management Information.
d. Comprehensive Internal Control System in the implementation of Integrated Risk Management.
Risk Management
FOCUS IN 2020 8. Development of ORM work tools, namely:

• Implementation of RGM (Risk Grading Matrix),
In 2020, the Bank established its focus related to the PRC (Process Risk Control), KCSA (Key Control
implementation of risk management, which among Self Assessment), and KORI in all business work
others are described in the following: units and support functions.
1. The Bank has prepared Credit Risk Appetite, • Development of the ORM work tool
Market and Liquidity Risk Appetite and Operational methodology related to Operational Risk Gain,
Risk Appetite document to ensure that the Bank Risk Acceptance, KORI, and ORA (Operational
can accommodate risks that may arise from the Risk Appetite).
implemented business strategy and ensure that the • Development of QA Maturity Self Assessment
risk level is in accordance with the Bank’s ability to for all work units
absorb risks. • Development of ORM and information security
2. The Bank strives to always comply with the e-learning as well
provisions related to market and liquidity risk by • Implementing programs to increase user
maintaining business growth which can cause an awareness of information security by conducting
increase risk exposure and maintain the Bank’s phishing simulations every quarter
capital growth. • Development of information security programs
3. The Bank continues to maintain the Bank’s risk such as restricting employee access to sending
profile in line with the Bank’s risk appetite with an emails outside BTPN, implementing Data
inherent composite risk value and the quality of risk Leakage Protection for email and encryption for
management implementation of level 2. removable media
156 4. The Bank has conducted an assessment of the 9. Testing the calculation and reporting of Operational
methodology for calculating CKPN based on PSAK Risk RWA using the Standardized Approach (SA)
71 and is currently conducting ongoing development approach.
and monitoring of this methodology. 10. To minimize fraud risk, the Bank has implemented
5. As the Bank that is classified into the D-SIB a risk awareness, anti-fraud awareness and
category, Bank has prepared a 2020 recovery plan The signing of the integrity pact by the Board
document in accordance with the provisions in the of Directors, Board of Commissioners, and
OJK Regulations and implemented the provisions employee. Adjustment to policies and operation risk
related to the Designation of Systemic Banks based management SOPs including anti-fraud strategies
on the determination of the OJK. to remain in accordance with the current conditions,
6. Continue coordination for Business Risk / ICR and assess each proposed initiative, product and
readiness as a PIC (Person in Charge) who assists activities risk, both new and in development. Risk
in the first line of defense regarding operational awareness and anti-fraud awareness socialization
risk management in each work unit through the is done through several media, namely through
implementation of the Business Risk Forum every e-newsletter broadcasts, email broadcasts, PC/
quarter related to new initiatives or methodologies laptop desktop wallpapers, standing acrylics,
that need to be implemented in work units each. comic strips on B-Connect, BTPN Info, anti-
7. Developing an ORMS (Operational Risk fraud animated video broadcasts, additional
Management System) to assist the Bank in information on whistleblowing services on the
managing operational risk through the development Bank BTPN website that can be used to reporting
of the KORI (Key Operational Risk Indicator) module. fraud incidents, conducting mandatory anti-fraud
assessments through e-learning, implementing anti-
fraud declarations through e-learning and anti-fraud
awareness delivered in in-class training and online
training to employees. In line with the prevailing
anti-fraud strategy, the Bank also continues to
continuously disseminate reports on fraud indication
events through whistleblowing that applies in BTPN.
11. The Bank has developed a new data infrastructure 5. Created a work protocol at BTPN that must be
to accommodate the development needs of the implemented in order to protect employees and
Financial Analytic Framework, which is divided into customers in order to minimize the possibility of
several phases, one of which is the development spreading the virus
of a financial simulation model implementation 6. Implemented several new work models at BTPN,
mechanism. especially with the implementation of WFH (work
12. Bank has conducted training alongside with the from home) such as the use of VPN, approval of
division of tasks and authorities related to the internal documents via email, and others
implementation of the internal grading model for the 7. Implemented a risk control mechanism for delivering
SME, Commercial and Enterprise segments. customer instructions through electronic channels
8. Ensures adequate liquidity for normal operations
In responding to the impact of the COVID-19 pandemic, and stress scenarios due to the impact of the
the Bank has made the following efforts: COVID-19 pandemic. The Bank always strives to
1. Made adjustments to the provisions or procedures comply with all regulatory requirements related to
at the bank-wide or business level for the liquidity, such as GWM, LCR and NSFR.
implementation of relaxation and restructuring for 9. Monitors daily the movement of third party funds
affected debtors by establishing debtor criteria and and other liquidity positions, as well as early warning
a restructuring scheme for debtors, debtors and indicators to inform ALCO and management for
affected economic sectors according to business faster and more accurate decision making.
segments and cooperation partners while still paying 10. Maintained positions in foreign currencies to
attention to the principle of prudence. ensure that banks can meet their needs in foreign
2. Made adjustments to the provisions and methods in currencies when there is a need for transactions and
157
the method of calculating the restructured reserves payments/settlement without causing risk of loss for
for debtors in accordance with letter number the Bank.

S-7/D.03/2020 regarding the Application of PSAK 71 11. Manages interest rate risk optimally and flexibly in
and PSAK 68 in COVID-19 Pandemic Conditions accordance with market conditions in the conditions
3. Supervised the implementation of restructuring of of the COVID-19 pandemic to stay in line with
debtors affected by COVID-19 from the segment related internal policies and strategies.
level to the management level on the implementation
of restructuring in each segment on a regular basis
4. Established a restructured monitoring mechanism
for debtors affected by COVID-19 and reviewing
and monitoring the performance of the reserve
calculation model in anticipating worsening
macroeconomic conditions and the impact on the
cost of credit.
Risk Management
RESULT OF RISK MANAGEMENT • Second Line of Defense, the Risk Management

IMPLEMENTATION REVIEW Directorate together with the Compliance Unit
define, improve and ensure risk management
Bank BTPN conducts annual reviews on the adequacy implementation through the processes of
of risk management policies, contingency funding plan, identification, measurement, adequate monitoring
sustainable business plan, as well as other important and control as well as the complementing
policies. At the Board of Directors’ level, the Risk appropriate policies and procedures, and
Management Committee monitors and manage risks at coordinate/facilitate overall risk management
all areas of the Bank. The Risk Monitoring Committee at activities.
the Board of Commissioners level periodically supervise • Third Line of Defense, the Internal Audit
risk management implementation. independently ensures that all inherent risks are
managed so that residual risks are in line with risk
In line with OJK Regulation No.18/ POJK.03/2016 tolerance agreed upon and risk appetite setforth by
and Circular Letter No. 34/SEOJK.03/2016 on the Bank.
the Implementation of Risk Management for
Commercial Banks, as well as OJK Regulation No. 38/ As the second line of defense, the Risk Management
POJK.03/2017 on the Consolidated Implementation Directorate, in coordination with the first line of defense
of Risk Management for Banks that Control Over ICR Function, ensures risk management implementation
Subsidiaries, the Bank delivers its risk profile report on is effective. As the third line of defense in the internal
quarterly basis, both on individual basis as well as in control system, the Internal Audit has the supervision
consolidation. function to assess risk management, internal control
158 effectiveness, and the governance of all aspects of the
In addition, referring to OJK Regulation No.17/ Bank’s activities in utilizing the risk-based approach.
POJK.03/2014 dated 19 November 2014 on the Thus, the supervisory function is implemented on the
Implementation of Integrated Risk Management for first line of defense (Risk Taking Unit and ICR) and the
Financial Conglomeration, Bank as Main Entity second line of defense (Risk Management Directorate
prepare and submit integrated risk profile reports and Compliance Unit).
and integrated KPMM periodically in accordance with
OJK regulations. Assessment conducted by the Internal Audit on the
effectiveness of internal control also pays attention
In accordance with the regulations of Bank Indonesia to the organization and human resources, customer
and OJK, assessment on the risk profile is assessment service, the bank’s infrastructure as well as the
on inherent risks as well as the quality of the Risk implementation quality of the main processes that pose
Management implementation. Assessment is risks for the Bank.
conducted on 8 types of risks, namely credit risk,
market risk, liquidity risk, operational risk, strategic risk, For each finding, the Internal Audit conducts
legal risk, compliance risk and reputation risk. For the monitoring of the status of improvements carried
period as of December 2020 and December 2019, the out regularly and report them to the President
Bank’s individual and consolidated risk profile was at Director, the Board of Directors as well as the Audit
level 2 (low to moderate). Committee. Implementation of the supervisory function
by the Internal Audit is based on the POJK No. 1/
INTERNAL CONTROL SYSTEM POJK.03/2019 regarding the Implementation of Internal
Audit Function in Commercial Banks applied by the
The framework of BTPN’s internal control applies the Financial Services Authority and International Practices
Three Lines of Defense approach, which each works Professional Framework (IPPF). Every three years an
independently as follows: audit is conducted by an independent party on the
• First Line of Defense, Risk Taking Unit (RTU) is supervisory function of the Internal Audit to see the
assisted by Internal Control & Risk (ICR) Function, suitability of the implementation to prevailing standards.
sustaining disciplined operational risk management
practices on the daily basis.
Risk Monitoring Functions & Audit Committees
Board of Directors/Board of Management
External Auditors
First Line of Defense Second Line of Defense Third Line of Defense
Regulators
Risk Taking Unit Risk Management
Internal Audit
Business Risk/ICR Compliance
CAPITAL DISCLOSURE
A. Capital Structure 159

The objective of the Bank’s capital management is to maintain strong capital position to support business growth and
maintain the trust of investors, depositors, creditors, customers and the market.

In managing the capital, the Bank takes into account such factors as: optimal capital returns to shareholders, balance
between higher profit with gearing ratio as well as security provided by a sound capital position. The Bank’s capital
position as of 31 December 2020, based on OJK prevailing regulations, is as follows:
GENERAL – CONSOLIDATED KEY METRICS REPORT

No Description T T-1 T-2 T-3 T-4
Available capital (amounts)
1 Common Equity Tier 1 (CET1) 29,426,916 29,083,754 28,405,557 27,624,194 27,220,728
2 Tier 1 29,426,916 29,083,754 28,405,557 27,624,194 27,220,728
3 Total capital 36,347,312 36,755,597 36,007,862 36,396,011 34,764,023
Risk-weighted assets (amounts)
4 Total risk-weighted assets (RWA) 142,253,917 147,537,590 155,976,978 161,912,996 143,582,952
Risk-based capital ratios as a
percentage of RWA
5 CET1 ratio (%) 20.69% 19.71% 18.21% 17.06% 18.96%
6 Tier 1 ratio (%) 20.69% 19.71% 18.21% 17.06% 18.96%
7 Total capital ratio (%) 25.55% 24.91% 23.09% 22.48% 24.24%
Risk Management
No Description T T-1 T-2 T-3 T-4

Additional CET1 buffer requirements
as a percentage of RWA

8 Capital conservation buffer 0.00% 0.00% 0.00% 2.50% 2.50%
requirement (2.5% from RWA) (%)
9 Countercyclical buffer requirement 0.00% 0.00% 0.00% 0.00% 0.00%
(0-2.5% from RWA) (%)
10 Capital Surcharge for Bank Systemic 1.00% 1.00% 1.00% 1.00% 1.00%
(1%-2.5%) (%)
11 Total CET1 specific buffer (row 8 + 1.00% 1.00% 1.00% 3.50% 3.50%
row 9 + row 10)
12 CET1 Component for buffer 14.69% 13.71% 12.21% 11.06% 12.96%
Basel III leverage ratio
13 Total Exposure 205,390,509 208,191,497 206,092,200 222,479,923 -
14 Leverage Ratio, including the impact 14.33% 13.97% 13.78% 12.42% 0.00%
from the adjustment of the temporary
exemption from account with Bank
Indonesia in regards with the fulfill
of stipulated Minimum Reserve
Requirement (if any)
14b Leverage Ratio, excluding the impact 14.33% 13.97% 13.78% 12.42% 0.00%
from the adjustment of the temporary
160 of stipulated Minimum Reserve
Requirement (if any)
14c Leverage Ratio, including the impact 0.00% 0.00% 0.00% 0.00% 0.00%
of adjustment of the temporary

Requirement (if any), which already
included the average from gross asset
carrying value Securities Financing
Transaction (SFT)
14d Leverage Ratio, excluding the impact 0.00% 0.00% 0.00% 0.00% 0.00%
of adjustment of the temporary
Requirement (if any), which already
included the average from gross asset
carrying value Securities Financing
Transaction (SFT)
Liquidity Coverage Ratio (LCR)
15 Total High-Quality Liquid Assets 33,572,779 27,239,795 30,965,420 27,096,106 27,494,460
16 Total Net Cash Outflow 11,917,913 11,052,879 13,951,187 12,753,912 11,998,920
17 LCR (%) 281.70% 246.45% 221.96% 212.45% 229.14%
Net Stable Funding Ratio (NSFR)
18 Total Available Stable Funding 121,006,657 126,229,004 130,895,925 138,079,389 125,059,410
19 Total Required Stable Funding 104,909,759 111,582,330 112,296,931 119,179,782 110,629,973
20 NSFR (%) 115.34% 113.13% 116.56% 115.86% 113.04%
The Bank’s core capital as of 31 December 2020 was IDR 29.4 trillion, a slight increase compared to Core Capital in the previous period. This was mainly due to the
increase in net profit for the current period.
The Bank’s total capital as of 31 December 2020 was IDR 36.3 trillion, a slight decrease compared to the total capital in the previous period. This is due to the
decrease in capital instruments in the form of shares or others that meet Tier 2 requirements (due to the impact of foreign exchange and amortization) and a
reduction in the differences between required provision and allowance for impairment losses of earning assets (the highest is Credit Risk RWA at 1.25%).
Total RWA decreased in December 2020 to Rp 142.3 trillion in line with the decrease in credit risk RWA. The decrease in Total RWA and the increase in Core Capital
caused the CET1 Ratio, Tier 1 Ratio & Capital Adequacy Ratio to increase. In December 2020 the Total Capital Ratio was at 25.55%.
T is quarterly period, T-1 is 1 quarterly previous period

GENERAL - Differences between Consolidation Coverage and Mapping of Financial Statement based on Financial
Accounting Standard with the Risk Category in-line with Stipulated Financial Service Authority Risk Category (LI1)
a b c d e f g
Carrying values of items
Carrying Not subject

Carrying
values as Subject to to capital
values Subject to Subject to the Subject to the
reported in counterparty requirements
based on the credit risk securitisation market risk
published credit risk or subject to
precautionary framework framework framework
financial framework deduction
principle
statements from capital
ASSET
Cash 2,433,196 2,433,196 - - - - 2,433,196
Placements with Bank Indonesia 22,571,836 22,571,836 - - - 22,571,836 22,571,836
Placements with other banks 896,568 896,568 - - - 896,568 896,568
Spot and derivative/forward 917,082 917,082 - - - 917,082 917,082
receivables
Securities 14,804,656 14,804,656 - - - 14,804,656 14,804,656
Securities sold under repurchase - - - - - - -
agreements (repo)
Claims from securities purchased - - - - - - -
under resale agreements (reverse
repo)
Acceptance receivables 1,490,634 1,490,634 - - 1,490,634
Loans 126,689,753 126,689,753 126,689,753 - - 126,689,753 126,689,753
Sharia financing/receivables 9,522,866 9,522,866 9,522,866 - - 9,522,866 9,522,866
161
Equity Investments 22,522 22,522 - - - 22,522 22,522

Other financial asset 961,550 961,550 - - - - 961,550
Impairment on financial assets -/- (3,428,808) (3,428,808) - - - - (3,428,808)
a. Securities (291) (291) - - - (291) (291)
b. Loans and Sharia financing (3,422,325) (3,422,325) (3,422,325) - - (3,422,325) (3,422,325)
c. Others (6,192) (6,192) - - - (6,192) (6,192)
Intangible assets 2,528,427 2,528,427 - - - - -
Accumulated amortization of (1,487,828) (1,487,828) - - - - -
intangible assets -/-
Fixed assets and equipment 4,883,148 4,883,148 - - - - 4,883,148
Accumulated depreciation on fixed (2,525,161) (2,525,161) - - - - (2,525,161)
assets and equipment -/-
Non-productive assets 19,202 19,202 - - - - 19,202
a. Abandoned properties - - - - - - -
b. Foreclosed assets 19,190 19,190 19,190 - - - 19,190
c. Suspense accounts 12 12 - - - 12
d. Interbranch assets - - - - - -
Other assets 2,866,335 2,866,335 - - - 2,398,450
TOTAL ASSET 183,165,978 183,165,978 132,809,484 - - 171,996,475 181,657,494
LIABILITIES AND EQUITY
LIABILITIES
Demand deposits 15,760,708 15,760,708 - - - 15,760,708 15,760,708
Saving deposits 11,929,298 11,929,298 - - - 11,929,298 11,929,298
Time deposits 73,098,900 73,098,900 - - - 73,098,900 73,098,900
Electronic money - - - - - - -
Liabilities to Bank Indonesia - - - - - - -
Risk Management
a b c d e f g
Carrying values of items
Carrying Not subject

Carrying
values as Subject to to capital
values Subject to Subject to the Subject to the
reported in counterparty requirements
based on the credit risk securitisation market risk
published credit risk or subject to
precautionary framework framework framework
financial framework deduction
principle
statements from capital
Liabilities to other banks 6,549,336 6,549,336 - - - 6,549,336 6,549,336
Spot and derivative/forward 887,157 887,157 - - - 887,157 887,157
liabilities
Securities sold under repurchase - - - - - - -
agreements (repo)
Acceptance liabilities 767,282 767,282 - - - - 767,282
Securities issued 993,045 993,045 - - - 993,045 993,045
Borrowings 37,176,039 37,176,039 - - - 37,176,039 31,653,218
Margin deposits - - - - - - -
Interbranch liabilities - - - - - - -
Other liabilities 3,039,460 3,039,460 - - - - 3,039,460
Minority Interest 1,749,037 1,749,037 - - - - 1,749,037
TOTAL LIABILITIES 151,950,262 151,950,262 - - - 146,394,483 146,427,441
EQUITY
Issued and fully paid-in capital 161,075 161,075 - - - - -
162 a. Authorized capital 300,000 300,000 - - - - -

b. Unpaid capital -/- (137,021) (137,021) - - - - -
c. Treasury stock -/- (1,904) (1,904) - - - - -
Additional paid-in capital 11,134,744 11,134,744 - - - - 236,534

a. Agio 10,898,210 10,898,210 - - - - -
b. Disagio -/- - - - - - - -
c. Fund for paid up capital - - - - - - -
d. Others 236,534 236,534 - - - - 236,534
Other comprehensive income 946,589 946,589 - - - - 43,782
a. Profit 946,589 946,589 - - - - 43,782
b. Loss -/- - - - - - - -
Reserves 67,596 67,596 - - - - -
a. General reserves 67,596 67,596 - - - - -
b. Appropriate reserves - - - - - - -
Profit/loss 18,905,712 18,905,712 - - - - -
a. Previous years 17,156,419 17,156,419 - - - - -
b. Current year 1,749,293 1,749,293 - - - - -
c. Dividends paid -/- - - - - - - -
TOTAL EQUITY ATTRIBUTABLE 31,215,716 31,215,716 - - - - 280,316
TO THE OWNERS OF PARENT
TOTAL EQUITY 31,215,716 31,215,716 - - - - 280,316
TOTAL LIABILITIES AND 183,165,978 183,165,978 - - - 146,394,483 146,707,757
EQUITY
Qualitative Analysis
The financial assets of lending and sharia financing are the assets with the biggest exposure and are subject to credit risk and market risk. Related to credit risk, the
provision for such exposure has been calculated according to the applicable regulations. Meanwhile for market risk, the Bank has established a risk measurement
method and monitors interest rate risk in the Banking Book which is reported regularly at ALCO committee meetings.
GENERAL - Main Difference between Carrying Value based on Financial Accounting Standards and Exposures
based on the Stipulated Financial Service Authority (LI2)
a b c d e
Items according to:
Counterparty
Credit Risk Securitisation Market Risk
Total Credit Risk
Framework Framework Framework
Framework
Asset carrying value in accordance with the scope of 183,165,978 132,809,484 - - 171,996,475
consolidated prudential requirements (as reported in
the template LI1)
Liabilities carrying value in accordance with the scope 183,165,978 - - - 146,394,483
of consolidated prudential requirements (as reported
in the template LI1)
Total net ammount in accordance with the scope of - 132,809,484 - - 25,601,992
consolidated prudential requirements.
Off-balance sheet amounts 107,509,308 107,509,308 - - -
Differences in valuations - - - - -
Differences due to different netting rules, other than - - - - -
those already included in row 2
Differences due to consideration of provisions - - - - -
Differences due to prudential filters - - - - -
Exposure amounts considered, in accordance with the - - - - -
scope of consolidated prudential requirements.
Capital Disclosures - (CC1) 163

(in million Rupiah)

No Component Individual Consolidated
Common Equity Tier 1 capital: Instruments and Additional paid-in Capital
1 Common stock (including surplus stock) 11,068,798 11,059,285
2 Retained earnings 16,019,421 18,905,712
3 Accumulated other comprehensive income (and other reserves) 931,693 970,403
4 Capital that is included in the phase out of CET1 N/A N/A
5 Non-controlling interests to be taken into account - -
6 CET 1 capital before regulatory adjustments 28,019,912 30,935,400

Common Equity Tier 1: Regulatory Adjustment
7 The difference in the amount less than the fair value adjustment of financial instruments - -
in the trading book.
8 Goodwill - (61,116)
9 Other intangibles other than mortgage-servicing rights (877,175) (979,483)
10 Deferred tax assets that rely on future profitability N/A N/A
11 Cash-flow hedge reserve N/A N/A
12 Shortfall on provisions to expected losses N/A N/A
13 Securitisation gain on sale - -
14 Increase/decrease in fair value of financial liabilities (DVA) - -
15 Defined-benefit pension assets N/A N/A

Risk Management
(in million Rupiah)
16 Investments in own shares (if not already netted off paid-in capital on reported balance sheet) N/A N/A
17 Reciprocal cross-holdings in common equity - -
18 Investments in the capital of Banking, financial and insurance entities that are outside the N/A N/A
scope of regulatory consolidation, net of eligible short positions, where the Bank does
not own more than 10% of the issued share capital (amount above 10% threshold)
19 Significant investments in the common stock of Banking, financial and insurance N/A N/A
entities that are outside the scope of regulatory consolidation, net of eligible short
positions (amount above 10% threshold)
20 Mortgage servicing rights - -
21 Deferred tax assets arising from temporary differences (amount above 10% threshold, N/A N/A
net of related tax liability)
22 Amount exceeding the 15% threshold N/A N/A
23 of which: significant investments in the common stock of financials N/A N/A
24 of which: mortgage servicing rights N/A N/A
25 of which: deferred tax assets arising from temporary differences N/A N/A
26 National specific regulatory adjustments (1,554,360) (467,885)
26.a Difference between PPA and CKPN - -
26.b PPA from non-productive assets - -

164
26.c Deferred tax assets (271,398) (467,885)
26.d Investments (1,282,962) -

26.e Capital shortfall in insurance subsidiary - -
26.f Securitisation exposure - -
26.g Others - -
27 Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional - -

Tier 1 and Tier 2 to cover deductions
28 Total regulatory adjustments to Common equity Tier 1 (2,431,535) (1,508,484)
29 Common Equity Tier 1 Common Equity Tier 1 after Regulatory Adjustment 25,588,377 29,426,916
Additional Tier 1 Capital: Regulatory Adjustment
30 Directly issued qualifying Additional Tier 1 instruments plus related stock surplus - -
31 of which: classified as equity under applicable accounting standards - -
32 of which: classified as liabilities under applicable accounting standards - -
33 Directly issued capital instruments subject to phase out from Additional Tier 1 N/A N/A
34 Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by - -
subsidiaries and held by third parties (amount allowed in group AT1)
35 of which: instruments issued by subsidiaries subject to phase out N/A N/A
36 Additional Tier 1 capital before regulatory adjustments - -

Additional Tier 1 capital: regulatory adjustments
37 Investments in own Additional Tier 1 instruments N/A N/A
38 Reciprocal cross-holdings in Additional Tier 1 instruments - -
39 Investments in the capital of Banking, financial and insurance entities that are outside N/A N/A
the scope of regulatory consolidation, net of eligible short positions, where the Bank
does not own more than 10% of the issued common share capital of the entity
(amount above 10% threshold)
40 Significant investments in the capital of Banking, financial and insurance entities that N/A N/A
are outside the scope of regulatory consolidation (net of eligible short positions)
41 National specific regulatory adjustments - -
41.a Investments in AT1 instruments in other banks - -
42 Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover - -

deductions
(in million Rupiah)
43 Total regulatory adjustments to Additional Tier 1 capital - -
44 Additional Tier 1 capital (AT1) Jumlah AT 1 after regulatory adjustments - -
45 Tier 1 capital (T1 = CET1 + AT1) 25,588,377 29,426,916
Tier 2 Capital : Instruments and Provisions
46 Directly issued qualifying Tier 2 instruments plus related stock surplus - -
47 Directly issued capital instruments subject to phase out from Tier 2 N/A N/A
48 Tier 2 instruments issued by subsidiaries are recognized in the calculation of 5,522,821 5,522,821
consolidated CAR.
49 of which: instruments issued by subsidiaries subject to phase out N/A N/A
50 PPKA’s general reserve for earning assets that must be calculated is a maximum 1,340,025 1,397,575
amount of 1.25% of the RWA for Credit Risk
51 Tier 2 capital before regulatory adjustments 6,862,846 6,920,396
Tier 2 Capital : Regulatory Adjustments
52 Investments in own Tier 2 instruments N/A N/A
53 Reciprocal cross-holdings in Tier 2 instruments - -
54 Investments in the capital of Banking, financial and insurance entities that are outside N/A N/A
the scope of regulatory consolidation, net of eligible short positions, where the Bank
does not own more than 10% of the issued common share capital of the entity 165
(amount above the 10% threshold)
55 Significant investments in the capital Banking, financial and insurance entities that are N/A N/A

outside the scope of regulatory consolidation (net of eligible short positions)
56 National specific regulatory adjustments - -
56.a Sinking fund - -
56.b Investments in Tier 2 instruments in other banks - -
57 Total regulatory adjustments to Tier 2 capital - -
58 Tier 2 capital (T2) after regulatory adjustment 6,862,846 6,920,396
59 Total capital (TC = T1 + T2) 32,451,223 36,347,312
60 Total Risk Weighted Assets 128,849,595 142,253,917
Capital Adequacy Ratios and Capital Buffer
61 Common Equity Tier 1 (as a percentage of RWA) 19.86% 20.69%
62 Tier 1 (as a percentage of RWA) 19.86% 20.69%
63 Total capital (as a percentage of RWA) 25.19% 25.55%
64 Institution specific buffer requirement (minimum CET1 requirement plus capital 5.50% 5.50%
conservation buffer plus countercyclical buffer requirements plus G-SIB buffer
requirement, expressed as a percentage of risk weighted assets)
65 of which: Capital Conservation Buffer 0.00% 0.00%
66 of which: Countercyclical Buffer 0.00% 0.00%
67 of which: Capital Surcharge for Bank Systemic 1.00% 1.00%
68 Common Equity Tier 1 available to meet buffer (as a percentage of RWA) 13.86% 14.69%
National minimal (if different from Basel 3)
69 National Common Equity Tier 1 minimum ratio (if different from Basel 3 minimum) N/A N/A
70 National Tier 1 minimum ratio (if different from Basel 3 minimum) N/A N/A
71 National total capital minimum ratio (if different from Basel 3 minimum) N/A N/A
Amounts below the thresholds for deduction (before risk weighting)
72 Non-significant investments in the capital and other TLAC liabilities of other financial N/A N/A
entities
73 Significant investments in the common stock of financial entities N/A N/A
74 Mortgage servicing rights (net of related tax liability) N/A N/A
75 Deferred tax assets arising from temporary differences (net of related tax liability) N/A N/A
Risk Management
(in million Rupiah)
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to N/A N/A
standardised approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach N/A N/A
78 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal N/A N/A
ratings-based approach (prior to application of cap)
79 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach N/A N/A
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 until 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase out arrangements N/A N/A
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and N/A N/A
maturities)
82 Current cap on AT1 instruments subject to phase out arrangements N/A N/A
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and N/A N/A
maturities)
84 Current cap on T2 instruments subject to phase out arrangements N/A N/A
85 Amount excluded from T2 due to cap (excess over cap after redemptions and N/A N/A
maturities)
166
Capital Disclosures - Capital Reconciliation (CC2)
(in million Rupiah)
31 December 2020
No Accounts
Individual Consolidated
ASET
1 Cash 1,323,222 2,433,196
2 Placements with Bank Indonesia 19,592,514 22,571,836
3 Placements with other banks 894,072 896,568
4 Spot and derivative/forward receivables 917,082 917,082
5 Securities 12,201,417 14,804,656
6 Securities sold under repurchase agreements (repo) - -
7 Claims from securities purchased under resale agreements (reverse repo) - -
8 Acceptance receivables 1,490,634 1,490,634
9 Loans 126,689,753 126,689,753
10 Sharia financing/receivables - 9,522,866
11 Equity Investments 1,305,484 22,522
12 Other financial asset 803,827 961,550
13 Impairment on financial assets -/- (2,579,318) (3,428,808)
a. Securities (291) (291)
b. Loans and Sharia financing (2,572,835) (3,422,325)
c. Others (6,192) (6,192)
14 Intangible assets 2,281,920 2,528,427
Accumulated amortization of intangible assets -/- (1,404,745) (1,487,828)
15 Fixed assets and equipment 4,068,493 4,883,148
Accumulated depreciation on fixed assets and equipment -/- (2,042,622) (2,525,161)
16 Non-productive assets 19,202 19,202
a. Abandoned properties - -
b. Foreclosed assets 19,190 19,190
c. Suspense accounts 12 12
d. Interbranch assets - -
(in million Rupiah)
31 December 2020
No Accounts
17 Other assets 2,617,109 2,866,335

TOTAL ASSET 168,178,044 183,165,978
LIABILITIES AND EQUITY
LIABILITIES
1 Demand deposits 15,709,755 15,760,708
2 Saving deposits 9,955,853 11,929,298
3 Time deposits 65,342,817 73,098,900
4 Electronic money - -
5 Liabilities to Bank Indonesia - -
6 Liabilities to other banks 6,575,274 6,549,336
7 Spot and derivative/forward liabilities 887,157 887,157
8 Securities sold under repurchase agreements (repo) - -
9 Acceptance liabilities 767,282 767,282
10 Securities issued 993,045 993,045
11 Borrowings 37,176,039 37,176,039

167
12 Margin deposits - -
13 Interbranch liabilities - -

14 Other liabilities 2,462,971 3,039,460
15 Minority Interest - 1,749,037

TOTAL LIABILITIES 139,870,193 151,950,262
EQUITY
16 Issued and fully paid-in capital 161,075 161,075
a. Authorized capital 300,000 300,000
b. Unpaid capital -/- (137,021) (137,021)
c. Treasury stock -/- (1,904) (1,904)
17 Additional paid-in capital 11,168,524 11,134,744
a. Agio 10,907,723 10,898,210
b. Disagio -/- - -
c. Fund for paid up capital - -
d. Others 260,801 236,534
18 Other comprehensive income 926,235 946,589
a. Profit 926,235 946,589
b. Loss -/- - -
19 Reserves 32,596 67,596
a. General reserves 32,596 67,596
b. Appropriate reserves - -
20 Profit/loss 16,019,421 18,905,712
a. Previous years 14,625,691 17,156,419
b. Current year 1,393,730 1,749,293
c. Dividends paid -/- - -

TOTAL EQUITY ATTRIBUTABLE TO THE OWNERS OF PARENT 28,307,851 31,215,716
TOTAL EQUITY 28,307,851 31,215,716
TOTAL LIABILITIES AND EQUITY 168,178,044 183,165,978

Risk Management
Capita Disclosures - Disclosure of Capital Instruments Features (CCA)

Disclosure of Capital Instruments Features
Questions
No. Individual Consolidate
Capital Subordinated Loan Capital Subordinated Loan
1 Publisher PT Bank BTPN Tbk SMBC PT Bank BTPN Tbk SMBC
2 Idenification Number ISIN: 101000118508 N/A ISIN: 101000118508 N/A
3 Law Indonesian Law Indonesian Law Indonesian Law Indonesian Law
3.a Instruments that reliable having liability
to held on section 13 from TLAC term
sheet achieved
Instruments treatment based on
KPMM
4 During the period N/A N/A N/A N/A
5 After the period CET1 T2 CET1 T2
6 Is it eligible to Individual/Consolidation Individual Individual Individual Individual
or Consolidation and Individual
7 Type of Instrument Common Stock Subordinated Loan Common Stock Subordinated Loan
8 Amount recognized in KPMM 11,068,798 5,522,821 11,059,285 5,522,821
calculation
9 Par value from the instrument 162,979 - 162,979 -
10 Classification based on Financial Equity Liabilities – Amortised Equity Liabilities – Amortised
Accounting Standards Cost Cost
168 11 Published date - 27 Mar 2003 (USD 50 mio),

5 Sep 2008 (USD 35 mio),
- 27 Mar 2003 (USD 50
mio), 5 Sep 2008 (USD
24 Dec 2013 (USD 150 35 mio), 24 Dec 2013
mio), 26 Sep 2018 (USD (USD 150 mio), 26 Sep
100 mio), & 23 Nov 2018 2018 (USD 100 mio), &
(USD 100 mio) 23 Nov 2018 (USD 100

mio)
12 Without maturity date (perpertual) or Perpetual With Maturity Date Perpetual With Maturity Date
with maturity date
13 Maturity date - 27 Mar 2025, 26 Sep 2025, - 27 Mar 2025, 26 Sep
& 21 Nov 2025 2025, & 21 Nov 2025
14 Call Option execution from the No No No No
approval of Financial Service Authority
15 Call option date, disbursed amount - N/A - N/A
and other call option requirements
(if any)
16 Subsequent call option - N/A - N/A
Coupon/dividend
17 Dividend/Coupon with Fixed Interest - N/A - N/A
or floating
18 The level of the coupon rate or other - N/A - N/A
index be the reference
19 Whether or not the dividend stopper - N/A - N/A
20 Fully discretionary; partial or - N/A - N/A
mandatory
21 Is there a step-up feature or other - N/A - N/A
incentives
22 Non-cumulative or cumulative - N/A - N/A
23 Convertible or non-convertible Non Convertible In the Subordinated Loan, Non Convertible In the Subordinated
there is an option to do a Loan, there is an option
Conversion/Write Down, to do a Conversion/
which will be proposed Write Down, which will
to the Creditors through be proposed to the
an Action Plan when the Creditors through an
trigger event occurs and Action Plan when the
will be submitted to the trigger event occurs
OJK and will be submitted to
the OJK
24 If converted, specify a trigger point. - The CET1 ratio is lower or - The CET1 ratio is lower
equal to 5.125% of RWA or equal to 5.125% of
RWA
Disclosure of Capital Instruments Features
Questions
No. Individual Consolidate
Capital Subordinated Loan Capital Subordinated Loan
25 If converted, full or partial - N/A - N/A
26 If converted, how the conversion - N/A - N/A
rate
27 If converted, whether mandatory or - N/A - N/A
optional
28 If converted, specify the type of - N/A - N/A
instrument conversion
29 If converted, specify the issuer of - N/A - N/A
the instrument converts it into
30 Write-down Features No In the Subordinated Loan, No In the Subordinated
there is an option to do a Loan, there is an option
Conversion / Write Down, to do a Conversion /
which will be proposed Write Down, which will
to the Creditors through be proposed to the
an Action Plan when the Creditors through an
trigger event occurs and Action Plan when the
will be submitted to the trigger event occurs
OJK and will be submitted to
the OJK
31 If write-down happens, specify a - The CET1 ratio is lower or - The CET1 ratio is lower
trigger point equal to 5.125% of RWA or equal to 5.125% of
RWA
32 If write-down happens, full or partial - N/A - N/A
169
33 If write-down happens, permanent - N/A - N/A
or temporary
If write-down happens,

34 - N/A - N/A
explain write-up mechanism
35 Instruments Hierarchy at the time of - After the debt being paid - After the debt being paid
liquidation. to the creditor to the creditor
36 Are there any non-complaint No N/A No N/A
features
37 If yes, explain the features of non - N/A - N/A
-complaint
REPORT OF TOTAL EXPOSURE IN LEVERAGE RATIO

(in million Rupiah)
Total
No Description
1 Total assets in published financial statements. (gross amont before deduction 170,757,362 186,594,786
of Allowance for impairment losses)
Adjustment:
2 Adjustment for investment in banking, financial institution, insurance company and/or - -
other entities that are consolidated for accounting purposes but outside the scope of
Finacial Service Financial Service Authority Regulation
3 Adjustment for collecting amount of financial asset or syariah asset as the underlying - -
which have been divert into the asset securitization to meet the qualification for
sale of without recourse of prudendce during the securitization asset activity for
commercial bank.
4 Adjustment for temporary exception in regards with the placement with Bank
Indonesia to meet the minimum reserve requirements stipulations (if any)
5 Adjustment for fiduciay asset that recognized as the balance sheet component
based on the financial accounting standard however not included in Leverage Ratio
calculation
6 Adjustment for regular-way purchases and sales of financial assets subject to trade - -
date
7 Adjustment for eligible cash pooling transactions that fulfill the requirement as - -
stipulated in Financial Service Authority regulation.
8 Adjustment for exposure amount of derivative transaction 1,703,505 1,703,505
9 Adjustment for exposure amount of Securities Financing Transaction (SFT) exposure - -
for example Reverse Repo transactions
Risk Management
(in million Rupiah)

Total
No Description
10 Adjustment for exposure amount of Off Balance Transaction converts with Credit 21,584,147 21,584,147
Conversions Factor
11 Prudent valuation adjustments as the deduction of capital and impairment (4,761,977) (4,491,929)
12 Other Adjustments - -
Total Exposure in Leverage Ratio Calculation (Sum of row 1 + row 2 until row 12) 189,283,037 205,390,509
LEVERAGE RATIO CALCULATION REPORT

(in million Rupiah)
No Description
T T-1 T T-1
Asset Exposure in Financial Statement
1 Asset Exposure in the Financial Statement including 169,840,280 174,078,668 185,677,704 188,952,101
the guarantee, but not including the exposure of
Derivative Transaction and exposure of SFT (Gross
amount before deduction of Allowance for Impairment
Losses)
2 Revaluation for derivative collateral which given - - - -
to other party which impacted decrement of
total exposure in Balance Sheet because due to
implementation of Financial Accounting Standard
3 (Deduction of receivables related with Cash Variation - - - -
Margin which provided in derivatives transactions)
170 4 (Adjustment for securities received under exposure of - - - -
SFT that are recognised as an asset)
5 Allowance for Impairment Losses of these assets in (2,579,318) (2,062,659) (3,428,808) (2,909,213)
accordance with Financial Accounting Standard

6 (Asset that has been calculated as a deduction factor (2,182,659) (2,169,990) (1,063,121) (1,065,375)
of Core Capital as stated on Financial Service Authority
regulation regarding the obligation of minimum capital
reserve for commercial bank)
7 Total asset Exposure in Financial Statement Sum of 165,078,303 169,846,019 181,185,775 184,977,513
rows 1 to 6
Derivative Transaction Exposure
8 Replacement cost asscociated with all derivatives 1,283,527 1,197,767 1,283,527 1,197,767
transaction in where has a vatiation margin that
applicable or has an agreement for netting in fulfill the
certain condition.
9 Add-on amounts for PFE associated with all 1,337,060 1,468,686 1,337,060 1,468,686
derivatives transactions
10 (Exempted of exposure of Derivative transaction which - - - -
settled throught central counterparty (CCP) )
11 Adjustment of effective notional amount from credit - - - -
derivatives
12 (Adjustment for notional amount tha effectively done - - - -
with netting and deduction of add-on for selling of
derivative credit transaction)
13 Total Derivatives Exposures Sum of rows 8 to 12 2,620,587 2,666,453 2,620,587 2,666,453
Securities Financing Transaction (SFT) Exposure
14 The gross carrying value of SFT’s assets - - - -
15 (Net value of cash liabilities and cash receivables) - - - -
16 Credit Risk due to failure from the other party related - - - -
with SFT Asset which refer to calculation of current
exposure in accordance with the attachment of this
Financial Service Authority regulation.
17 Exposure as an SFT agent - - - -
18 Total SFT Exposure Sum of rows 14 to 17 - - - -
Other Off-Balance Sheet Transactions Exposure
(in million Rupiah)
No Description
T T-1 T T-1
19 All of Commitment amount or Contigency amount, 107,509,309 99,979,195 107,509,309 99,979,195
Gross amount before Allowance for Impairment
Losses deduction
20 (Adjustment with the result of multipliation amount (85,887,131) (79,396,840) (85,887,131) (79,396,840)
between Commitment and Contigency and CCF then
deducted with Allowance for Impairment Losses)
21 (Allowance for Impairment Losses from Off Balance (38,031) (34,824) (38,031) (34,824)
Sheet Transaction in accordance with Financial
Accounting Standard)
22 Total Other Off-Balance Sheet Transactions 21,584,147 20,547,531 21,584,147 20,547,531
Exposures Sum of rows 19 to 21
Capital and Total Exposure
23 Core Capital 25,588,377 24,841,573 29,426,916 29,083,754
24 Total Exposure (7+ 13+ 18 +22) 189,283,037 193,060,003 205,390,509 208,191,497
Leverage Ratio
25 Leverage Ratio includes the effect from adjustment 13.52% 12.87% 14.33% 13.97%
of temporarily exception from placement in Bank
Indonesia in regards with the fulfillment of Minimum
Reserve Requirements (if any)
25a Leverage Ratio not includes the effect from 13.52% 12.87% 14.33% 13.97%
adjustment of temporarily exception from placement
with Bank Indonesia to meet Minimum Reserve
Requirements provisions (if there is)
26 Minimum value of Leverage Ratio 3.00% 3.00% 3.00% 3.00% 171
27 Bearing to Leverage Ratio value N/A N/A N/A N/A
Disclosure of Average Value

28 Average value of gross SFT assets, after adjustment
for sale accounting transactions and netted of
amounts of associated cash payables and cash
29 Quarter-end value of gross SFT assets, after
adjustment for sale accounting transactions and
netted of amounts of associated cash payables and
cash receivables
30 Total exposures (including the impact of any applicable
temporary exemption of central bank reserves)
average values from row 28 of gross SFT assets (after
cash receivables)
30a Total exposures (excluding the impact of any applicable
temporary exemption of central bank reserves) average
values from row 28 of gross SFT assets (after adjustment
for sale accounting transactions and netted of amounts
of associated cash payables and cash receivables)
31 Leverage ratio (including the impact of any applicable
temporary exemption of central bank reserves)
average values from row 28 of gross SFT assets (after
cash receivables)
31a Leverage ratio (excluding the impact of any applicable
temporary exemption of central bank reserves) average
values from row 28 of gross SFT assets (after adjustment
for sale accounting transactions and netted of amounts of
associated cash payables and cash receivables)
Risk Management
In general, the capital component is dominated by The Bank uses the Standardized Approach in capital
permanent capital. The core capital is the largest management of credit risk. The calculation of the
element of the Bank’s capital. In December 2020, Risk-Weighted Asset (RWA) is generally performed by
the ratio of total capital against RWA was at 25.55% referring to the risk weight in accordance with OJK
(consolidated). This ratio stands far above the minimum regulations and the rating published by rating agencies
CAR requirement set by the Financial Services designated by regulator.
Authority for Banks with a risk profile rating 2, namely
9% to less than 10%. The Bank will continue to strive to In line with currently prevailing BI and OJK regulations,
maintain CAR at a healthy level. the Bank measures its capital adequacy for operational
risk by using the Basic Indicator Approach method.
The Bank’s consolidated capital structure is dominated Based on this method, the Bank allocates a minimum
by the core capital (81.0% of Bank BTPN’s total capital for operational risk based on historical data,
consolidated capital). This capital consists of paid- which is the same as the average amount of annual
up capital, additional paid-up capital, and retained gross income for the last 3 years (positive) multiplied by
earnings. the current applicable alfa coefficient of 15%.
The Bank continues to conduct assessment to In managing market risk, the Bank uses the
strengthen the level of capital according to needs if standardized method in calculating RWA for Market
market conditions are conducive. Risk.
The sources of capital that are expected to be pursued The Bank’s Management has a good understanding
172 by the Bank to realize the capital plan or meet the of managing its capital and views the capital planning
Bank’s capital needs are from Retained Earnings and as an important element to establishing the Bank’s
additional capital from shareholders, either through strategic objectives by analyzing the Bank’s present
a right issue or a public offering. The accumulation and future capital adequacy through strategic planning
of Retained Earnings is affected by the amount of process. This is shown by maintaining the Bank’s
dividends paid by the Bank to shareholders which performance through continuous monitoring on the
is decided in the General Meeting of Shareholders. quality of risk management, periodical audit by the
In determining dividend payments, the Bank always Internal Audit Unit, adequate policy on dividend
considers capital adequacy, both in terms of fulfillment disbursement as well as the management’s commitment
of CAR and fulfillment of LLL in accordance with plans on the Bank’s strategies and targets as disclosed in the
for future credit growth. Bank capital is projected to Bank’s Business Plan.
increase in line with accumulated earnings.
The Bank’s capital ratio is rated as very good, namely
B. Capital Adequacy above the requirements set forth by Bank Indonesia.
The management uses the capital ratio standards The trend in capital growth based on the Bank’s
to monitor capital adequacy in accordance with Business Plan (BBP) also shows its capability to support
the industry standards. OJK’s approach to capital the Bank’s future business expansion.
measurement is mainly based on the monitoring of the
level of required capital (measured at 8.0% of the risk- Likewise, if associated with the incentive for the
weighted assets) against available capital and the Bank Statutory Reserve Requirements for Macropruedential
also continuously apply the Internal Capital Adequacy Intermediation Ratio. The Bank’s Capital Adequacy
Assessment Process (ICAAP) in accordance with Ratio (CAR) level meets the minimum OJK requirement
prevailing regulations. of 8.0%-14.0%. In accordance with the self-
assessment result of the Bank’s risk profile, the CAR
This relates to the determination of capital adequacy in position required according to the Bank’s Consolidated
accordance with the Bank’s risk profile. This process is Risk Profile as of December 2020 is 9.25%.
carried out to increase the effectiveness of the Bank in
risk management.
RISK EXPOSURE DISCLOSURE The Bank remains active in managing and
supervising the risk management implementation
A. Credit Risk and effectively improves the policies, procedures
Credit Risk in BTPN is a prudential principal to avoid and risk management system development.
risks that arise as a result of other parties’ failure to
meet their obligations to the Bank, including credit Aside from establishing policies and procedures,
risk due to debtors’ failure, credit concentration risk, the Bank also sets the limit to maintain credit risk
counterparty credit risk and settlement risk. exposure in line with the Bank’s risk appetite.
The limit, among others, consists of limit in
1. Credit Risk Management Framework decision making authority in accordance with
Calculating credit risk is done based on portfolio the competency of the decision-maker and
and transactional. The calculation may use both the risk level as well as assurance that there is
quantitive and qualitative methods in accordance no conflict of interest in the credit processing
with the standards of BI, OJK and/or adopted best provided to customers. Meanwhile, determining
practices or internal model developed by the Bank. the Legal Lending Limit is done accordance with
OJK Regulation No. 32/POJK.03/2018 and its
Credit risk measurement is carried out, among amendment POJK No. 38/POJK/.03/2019 by taking
others, through: risk ratings and stress tests. into account the last updated regulation.
2. Adequacy of Policy, Procedures and Limit The Bank manages, and controls credit risk
The credit policy of Bank BTPN refers to the concentration wherever such risk is identified-
Regulation of the Financial Services Authority specifically towards individual and group debtors
173
No. 42/POJK.03/2017 on the Requirement to and industries as well as geographic sectors.
Prepare and Implement Credit or Financing Policy

for Commercial Banks. The credit policy is the The available Mangement Information System
guidelines to implementing credit processing by the covers detailed levels to detect unfavorable
Bank. The Bank periodically reviews policies and development at the earliest possible so that
procedures, especially if and when occur changes in accurate actions may be taken in time in order to
the economic conditions, changes in the regulations correct the declining credit quality or to minimize
and/or business approaches. credit loss.
This policy aims to establish credit risk The Bank carefully monitors development of credit
management in accordance with global standards portfolio which allows the Bank to take preventive
as an internationally active Bank and carries out action in time should a decline in credit quality
appropriate credit programs in an organize manner occurs, by early detection of problems and tight
for the Bank’s better credit culture. monitoring.
The Bank is categorized as one of the systemically 3. Adequacy of Processes in Risk Identification,
important banks in Indonesia. For this reason, the Measurement, Monitoring, and Control, and Risk
Bank has established the Recovery Plan Document Management Information Systems
which includes its asset quality aspect. The Bank BTPN’s Credit Risk framework is implemented
recovery plan identifies the options to recover the through an integrated process and consists of
financial strength and viability if the Bank faces risk identification, measurement, monitoring, and
burdensome pressures, especially in terms of the control/mitigation processes.
asset quality.
Risk Management
The process of credit risk identification, among 4. Internal Control System for Credit Risk
others, is implemented starting from determining the The Internal Control System is implemented
industrial sector or customer segment to be funded, to manage risks that pose threats to the
through analysis of customers’ credit requests as Bank’s business continuity. For example, the
well as analysis of products and activities that may implementation of effective handling procedures on
potentially cause credit risks by conducting risk credit in non performing by separating the function
assessment on Product Programs. Based on the of settling non performing loans and the function of
process of identifying such credit risks, the Bank credit approvals.
takes measurement of the credit risks by utilizing
the main indicators that show the customers’ credit Results from handling non performing credits
quality, such as the Non-Performing Loan and must be documented to be used as materials for
periodically measures the quality of the low-quality consideration in channeling or restructuring loans.
assets as well as monitor customers who are
included in the watchlist account. Credit risk can also be controlled through risk
mitigation, active management of position and
As part of the credit risk measurement, stress risk portfolio as well as determining the targets of
testing is conducted in order to evaluate the concentration risk limit.
resilience of the Bank in facing extreme conditions.
5. Credit Concentration Risk Management Policy
The system of measuring credit risk must take The Bank manages credit concentration risk by
into account product characteristics, tenors, monitoring among others, the industry sector
174 collateral aspects, default potential, and the Bank’s exposure, particularly the types of loan, as well as
capability to absorb potential defaults and conduct individuals and business groups exposure.
quantification of, among others the composition of
asset portfolio including the type, exposure feature, 6. Definition of Past-Due Claim
credit growth, adequacy of reserves, concentration Claims that are past-due are all receivables in arrear
level and the quality of fund provision, incorporating for more than 90 (ninety) days, both on principal
level of problem assets and foreclosed assets, and/or interest payments.
as well as the mark to market specific credit risk
transactions. The Bank monitors actual credit 7. Definition of Impaired Claim
risk exposure compared to the credit risk limit, the The Bank conducts evaluation on financial assets/
management of instead of troubled should be use financial asset groups with diminishing value in each
problem asset terminology credit as well as monitors balance sheet date. Any receivables with impairment
the conformity between policies and implementation are determined based on financial assets/
of credit risk management. financial asset groups if objectively proven that the
impairment occurs as a result of one or more events
Development of management information system occurring subsequent to the initial recognition of
is carried out in continuity in order to present credit the asset (loss event). Such loss event affects the
risk information on regular basis. estimated future cash flow of the financial assets
or financial asset groups that can be accurately
estimated.
8. In regards to estimation of loan provision of asset portfolio requires further estimation of
In regards to estimation of loan loss provision of possible default, from the ratio of related loss and
financial assets, the Bank has applied PSAK 71 correlation of default between parties. The Bank
since 1 January 2020.PSAK 71 requires impairment measures credit loss by use of Probability of Default
loss to be recognized at the amount of the expected (PD),Exposure at Default (EAD), Loss Given Default
credit loss (12 months ECL) or lifetime expected (LGD) and macroeconomic variables for forward
credit loss (lifetime ECL) of financial assets. Lifetime looking estimation.
ECL is expected loss originating from all possible
expected lifetime default of financial instruments, In accordance with PSAK 71, the Bank applies the
while 12 months ECL is a portion of the expected “Three-Phase” model for value changes based
credit loss from possible defaults within 12 months on the change in the credit quality since its initial
upon submission of report. recognition as summarized below:
- Financial instruments which do not experience
Expected credit loss is a weighted probability a decrease in credit value since its initial
estimate of credit loss (namely current value of recognition are classified in “Phase 1”.
overall cash shortfall) during the estimated life - If a significant increase in credit risk (“SICR”)
span of a financial instrument. Cash shortfall is the since its initial recognition is identified, the
difference in the cash flow which the entity expects financial instrument is moved to “Phase 2” but is
to receive. Since expected credit loss takes into not yet considered to have experienced impaired
account the amount and the time of payment, in the credit value.
credit loss will remain to persist although the entity - If the financial instrument is experiencing
expects to be paid in full even after maturity. a decrease in the credit value, the financial
175
instrument is then moved to “Phase 3”.
Expected Credit Loss (“ECL”) is recognized for

all financial debt instruments, loan commitments PSAK 71 is not applicable for Subsidiaries which is
andfinancial guarantees classified as “hold to Shariah entity.
collect” or “hold to collect and sell” and has
an SPPI cash flow. ECL is not recognized for 9. Quantitative Credit Risk Disclosure
financial instruments defined as FVTPL and equity
instruments defined as FVOCI.
Credit exposure estimation for risk management

purposes is complex and requires the use of
models, due to varying exposures related to
changes in market conditions, expected cash flow
as well as course of time. Credit risk assessment
Risk Management
Net Claims Disclosures based on Geographic Area - Bank Stand Alone

31 December 2020
Net claims based on geographic area
No Portfolio Category
Bali & Nusa Kalimantan
Java Sumatera Overseas Total
Tenggara & Sulawesi
(1) (2) (3) (4) (5) (6) (7) (8)
1 Claims on sovereign 30,515,454 - - - - 30,515,454
2 Claims on Public Sector Entity 12,531,332 - 2,588,101 - 2,767 15,122,200
3 Claims on Multilateral Development - - - - - -
Banks and International Institute
4 Claims on Bank 2,848,661 - - - 940,816 3,789,477
5 Secured by Residential Property 99 117 - 128 - 344
6 Secured by Commercial Real Estate - - - - - -
7 Pensioners/Other institutions' employees 15,311,937 1,856,571 7,691,761 7,298,647 - 32,158,916
loans
8 Claims on Micro, Small and Retail 1,334,555 47,654 417,547 183,268 - 1,983,024
Portfolio
9 Claims on Corporate 80,533,772 219,133 6,125,104 4,923,565 282,435 92,084,009
10 Past due claims 204,258 7,632 110,837 52,107 - 374,834
11 Other assets 5,736,530 - - - - 5,736,530
Total 149,016,598 2,131,107 16,933,350 12,457,715 1,226,018 181,764,788
176
Net Claims Disclosures based on Geographic Area - Consolidated Bank and Subsidiary
31 December 2020
Jawa Sumatera Overseas Total
Tenggara & Sulawesi
(1) (2) (3) (4) (5) (6) (7) (8)
2 Claims on Public Sector Entity 12,709,545 - 2,588,101 - 2,767 15,300,413
4 Claims on Bank 3,096,720 - - - 940,816 4,037,536
5 Secured by Residential Property 99 117 - 128 - 344
7 Pensioners/Other institutions' employees 15,311,937 1,856,571 7,691,761 7,298,647 - 32,158,916
loans
8 Claims on Micro, Small and Retail 7,428,796 361,046 2,406,560 537,170 - 10,733,572
Portfolio
9 Claims on Corporate 80,542,004 219,133 6,125,104 4,923,565 282,435 92,092,241
10 Past due claims 206,037 7,751 111,184 52,206 - 377,178
11 Other assets 6,785,044 42,549 334,912 68,856 - 7,231,361
Total 162,049,620 2,487,167 19,257,622 12,880,572 1,226,018 197,900,999
31 December 2019
Bali & Nusa Kalimantan &
Tenggara Sulawesi
(9) (10) (11) (12) (13) (14)
21,963,565 - - - - 21,963,565
9,157,858 - 998,700 - 61,966 10,218,524
- - - - - -
2,023,573 - - - 925,895 2,949,469

105 264 - - - 369
- - - - - -
18,202,810 2,449,881 7,284,261 7,731,183 - 35,668,135
3,453,269 137,660 917,016 446,301 - 4,954,246
74,027,155 7,995,466 9,436,228 5,260,281 452,940 97,172,070

292,362 9,732 107,243 64,651 - 473,988
6,036,467 - - - - 6,036,467
135,157,164 10,593,003 18,743,448 13,502,416 1,440,801 179,436,832
177

31 December 2019
Tenggara Sulawesi
(9) (10) (11) (12) (13) (14)
26,980,247 - - - - 26,980,247
9,281,177 - 998,700 - 61,966 10,341,843
- - - - - -
2,190,440 - - - 925,895 3,116,336

105 264 - - - 369
- - - - - -
18,202,810 2,449,881 7,284,261 7,731,183 - 35,668,135
9,580,392 420,844 2,919,084 778,931 - 13,699,251
74,055,992 7,995,466 9,436,228 5,260,281 452,940 97,200,907

309,297 10,848 110,782 66,274 - 497,201
6,860,325 33,424 164,542 45,622 - 7,103,913
147,460,785 10,910,727 20,913,597 13,882,291 1,440,801 194,608,201
Risk Management
Net Claims Disclosure Based on Residual Contractual Maturity - Bank Stand Alone
31 Desember 2020
Net Claims Disclosure Based on Residual Contractual Maturity
Non
<1 Year 1-3 Year 3-5 Year >5 Year Total
Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
2 Claims on Public Sector Entity 2,974,568 4,549,720 7,273,431 324,481 - 15,122,200
4 Claims on Bank 1,692,431 1,000,483 636,217 40,842 419,504 3,789,477
5 Secured by Residential Property 117 227 - - - 344
7 Pensioners/Other institutions' employees 23,034,449 9,124,467 - - - 32,158,916
loans
8 Claims on Micro, Small and Retail 1,981,670 1,354 - - - 1,983,024
Portfolio
9 Claims on Corporate 32,075,501 32,257,635 15,132,929 12,617,944 - 92,084,009
10 Past due claims 323,969 50,865 - - - 374,834
11 Other assets 5,736,530 - - - - 5,736,530
178 Total 98,334,689 46,984,751 23,042,577 12,983,267 419,504 181,764,788
Net Claims Disclosure Based on Residual Contractual Maturity - Consolidated Bank and Subsidiary
31 Desember 2020
Non
<1 Year 1-3 Year 3-5 Year >5 Year Total
Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Claims on sovereign 34,523,281 688,968 378,718 - 378,471 35,969,438
2 Claims on Public Sector Entity 3,152,781 4,549,720 7,273,431 324,481 - 15,300,413
4 Claims on Bank 1,692,431 1,000,483 636,217 40,842 667,563 4,037,536
5 Secured by Residential Property 117 227 - - - 344
7 Pensioners/Other institutions' employees 23,034,449 9,124,467 - - - 32,158,916
loans
8 Claims on Micro, Small and Retail 8,256,826 2,476,746 - - - 10,733,572
Portfolio
9 Claims on Corporate 32,078,108 32,263,260 15,132,929 12,617,944 - 92,092,241
10 Past due claims 326,206 50,972 - - - 377,178
11 Other assets 5,736,530 - - - 1,494,831 7,231,361
Total 108,800,729 50,154,843 23,421,295 12,983,267 2,540,865 197,900,999
31 Desember 2019
<1 Year 1-3 Year 3-5 Year >5 Year Non Contractual Total
(9) (10) (11) (12) (13) (14)

21,963,565 - - - - 21,963,565
1,894,538 2,571,810 5,349,945 402,231 - 10,218,524
- - - - - -
1,649,934 408,388 134,587 4,796 751,764 2,949,469

129 240 - - - 369
- - - - - -
24,686,079 10,982,057 - - - 35,668,136
4,922,424 31,822 - - - 4,954,246
22,675,815 41,901,690 19,228,307 13,366,257 - 97,172,070

426,417 47,571 - - - 473,988
6,036,466 - - - - 6,036,466
84,255,367 55,943,578 24,712,839 13,773,284 751,764 179,436,832
179

31 Desember 2019
<1 Year 1-3 Year 3-5 Year >5 Year Non Contractual Total
(9) (10) (11) (12) (13) (14)

25,825,934 429,779 266,132 458,402 - 26,980,247
2,017,857 2,571,810 5,349,945 402,231 - 10,341,843
- - - - - -
1,649,934 408,388 134,587 171,663 751,764 3,116,336

129 240 - - - 369
- - - - - -
24,686,079 10,982,057 - - - 35,668,136
11,390,546 2,308,705 - - - 13,699,251
22,699,702 41,906,640 19,228,307 13,366,257 - 97,200,907

449,050 48,151 - - - 497,201
6,036,467 - - 1,067,445 - 7,103,912
94,755,698 58,655,770 24,978,971 15,465,998 751,764 194,608,201
Risk Management
Net Claims Dicslosure based on Economic Sector - Bank Stand Alone
Claims on
Multilateral
Claims on Claims on Public Development
No Economic Sector Claims on Bank
Sovereign Sector Entity Banks
and International
Institute
(1) (2) (3) (4) (5) (6)
December 2020
1 Agriculture, forestry and fisheries - 1,232,597 - -
2 Mining and excavation - - - -
3 Manufacturing - 2,183,074 - -
4 Procurement of Electricity, Gas, Steam/Hot Water - 6,005,363 - -
and Cold Air
5 Water Management, WasteWater Management, - - - -
Waste Management and Recycling
6 Construction - 4,780,186 - -
7 Wholesale and retail trading; Repair and - - - -
Maintenance of Cars and Motorcycles
8 Transportation and Warehousing - 750,000 - -
9 Provision of Accommodation and Provision of - - - -
Drinking Food
10 Information and Communication - - - -
11 Financial and Insurance Activities 19,604,666 170,956 - 3,389,752
12 Real Estate - 24 - -
13 Professional, Scientific, and Technical Activities - - - -
180 14 Rental and Rental Activities Without Option Rights, - - - -
Employment, Travel Agents, and Other Business
Support
15 Government, Defense and Compulsory Social - - - -
Security Administration
16 Education - - - -
17 Human Health Activities and Social Activities - - - -
18 Arts, Entertainment and Recreation - - - -
19 Other Service Activities - - - -
20 Household Activities as An Employer - - - -
21 Activities of the International Agency and Other - - - -
Extra International Agency
22 Not a Business Field - - - -
23 Others 10,910,788 - - 399,725
Total 30,515,454 15,122,200 - 3,789,477
December 2019
1 Agriculture, forestry and fisheries - - - -
2 Mining and excavation - 499,364 - -
and Cold Air
Drinking Food
11 Financial and Insurance Activities 20,141,722 - - 2,750,265
12 Real Estate - - - -
14 Rental and Rental Activities Without Option Rights, - - - -
Support
23 Others 1,821,843 - - 199,204
Total 21,963,565 10,218,524 - 2,949,469
(in million Rupiah)
Claims secured Claims secured Pensioners/ Claims on Micro,

Claims on
by Residential by Commercial Other institutions’ Small and Retail Past due claims Other assets
Corporate
Property Real Estate employees loans Portfolio
(7) (8) (9) (10) (11) (12) (13)
- - 46,018 74,371 2,924,782 515 -

- - - 887 2,651,773 - -
- - 6,378 108,874 31,838,494 58,659 -
- - 99 473 1,393,051 - -
- - - - - - -
- - - 5,674 1,492,116 19,968 -

- - 45,521 416,703 16,190,596 134,167 -
- - - - 9,072,486 - -
- - 16,244 53,927 132,076 695 -
- - - - - - -
- - 12,180 2,632 19,216,855 1,122 -
- - - - 6,452,398 - -
- - - - - - -
- - - - - - - 181
- - - 999 74 - -

- - 81 14,966 1,433 366 -
- - - 155,413 86,013 7,135 -
- - - - 56,058 - -
- - - - - - -
344 - 32,031,041 964,032 5,344 144,784 -
- - 1,207 3,134 560,010 3,475 -
- - 147 180,389 - 3,948 -

- - - 550 10,450 - 5,736,530
344 - 32,158,916 1,983,024 92,084,009 374,834 5,736,530
- - 58,026 120,665 3,285,647 1,562 -

- - - 750 2,311,375 - -
- - 8,453 184,926 34,670,391 83,048 -
- - 109 605 1,948,789 - -
- - - - - - -
- - 116 3,628 1,829,492 18,069 -

- - 56,863 759,407 14,739,302 158,017 -
- - - - 7,782,362 - -
- - 20,374 90,737 137,316 1,630 -
- - - - - - -
- - - - 20,778,076 - -
- - 15,504 4,391 8,878,235 2,421 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - 1,485 812 - -
- - 96 29,362 2,895 185 -
- - 21 259,200 142,357 4,830 -
- - - - - - -
369 - 35,507,171 2,494,193 5,966 167,754 -
- - 1,403 - - - -
- - - 1,000,067 - 19,878 -
- - - 4,830 659,055 16,594 6,036,466
369 - 35,668,136 4,954,246 97,172,070 473,988 6,036,466
Risk Management
Net Claims Dicslosure based on Economic Sector - Consolidated Bank and Subsidiary
Claims on
Multilateral
Claims on Claims on Public Development
No Economic Sector Claims on Bank
sovereign Sector Entity Banks
and International
Institute
(1) (2) (3) (4) (5) (6)
December 2020
1 Agriculture, forestry and fisheries - 1,232,597 - -
2 Mining and excavation - - - -
and Cold Air
Drinking Food
11 Financial and Insurance Activities 19,604,666 170,956 - 3,389,752
12 Real Estate - 24 - -
182 14 Rental and Rental Activities Without Option Rights, - - - -
Support

23 Others 16,364,772 178,213 - 647,784
Total 35,969,438 15,300,413 - 4,037,536
December 2019
1 Agriculture, forestry and fisheries - - - -
2 Mining and excavation - 499,364 - -
and Cold Air
Drinking Food
11 Financial and Insurance Activities 20,141,722 - - 2,750,265
12 Real Estate - - - -
14 Rental and Rental Activities Without Option Rights, - - - -
Support
23 Others 6,838,525 123,319 - 366,071
Total 26,980,247 10,341,843 - 3,116,336
(in million Rupiah)
Claims secured Claims secured Pensioners/Other Claims on Micro,

Claims on
by Residential by Commercial institutions’ Small and Retail Past due claims Other assets
Corporate
Property Real Estate employees loans Portfolio
(7) (8) (9) (10) (11) (12) (13)
- - 46,018 717,323 2,924,782 657 -

- - - 3,146 2,651,773 1 -
- - 6,378 341,930 31,838,494 58,706 -
- - 99 473 1,393,051 - -
- - - - - - -
- - - 5,674 1,492,116 19,968 -

- - 45,521 7,700,795 16,190,596 136,139 -
- - - 10,706 9,072,486 6 -
- - 16,244 183,229 132,076 758 -
- - - - - - -
- - 12,180 2,912 19,225,087 1,122 -
- - - 3,956 6,452,398 1 -
- - - - - - -
- - - - - - - 183

- - - 999 74 - -
- - 81 14,966 1,433 366 -

- - - 157,713 86,013 7,136 -
- - - 34,879 56,058 12 -
- - - - - - -
344 - 32,031,041 1,369,403 5,344 144,883 -
- - 1,207 3,134 560,010 3,475 -
- - 147 180,453 - 3,948 -

- - - 1,881 10,450 - 7,231,361
344 - 32,158,916 10,733,572 92,092,241 377,178 7,231,361
- - 58,026 793,719 3,285,647 2,618 -

- - - 4,930 2,311,375 5 -
- - 8,453 516,068 34,670,390 83,917 -
- - 109 605 1,948,789 - -
- - - - - - -
- - 116 3,628 1,829,492 18,069 -

- - 56,863 7,439,711 14,739,302 176,796 -
- - - 26,556 7,782,362 63 -
- - 20,374 267,415 137,316 2,248 -
- - - - - - -
- - - 802 20,806,914 - -
- - 15,504 10,543 8,878,235 2,435 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - 1,485 812 - -
- - 96 32,598 2,895 201 -
- - 21 302,218 142,357 4,943 -
- - - - - - -
369 - 35,507,171 3,287,389 5,966 169,393 -
- - 1,403 - - - -
- - - 1,000,137 - 19,878 -
- - - 11,447 659,055 16,635 7,103,912
369 - 35,668,136 13,699,251 97,200,907 497,201 7,103,912
Risk Management
Claims and Allowances Disclosure based on Geographic Area - Bank Stand Alone
31 December 2020
Geographic Area
No Category Portofolio
Tenggara & Sulawesi
(1) (2) (3) (4) (5) (6) (7) (8)
1 Gross claims 135,570,932 2,139,866 16,328,283 12,519,933 849,388 167,408,402
2 Impaired claims
a. Not yet matured 731,635 15,665 222,929 101,993 - 1,072,222
b. Matured 157,535 8 5,425 8,376 - 171,344
3 Allowance for impairment losses - 433,631 45,224 87,947 111,793 50 678,645
Stage 1
4 Allowance for impairment losses - 498,933 83,697 216,105 41,808 - 840,603
Stage 2
5 Allowance for impairment losses - 844,946 65,142 136,156 51,857 - 1,098,101
Stage 3
6 Amounts written-off 3,161,546 277,531 1,152,052 354,082 - 4,945,211
Claims and Allowances Disclosure based on Geographic Area - Consolidated Bank and Subsidiary
31 December 2020
Geographic Area
No Category Portofolio
184 Java
Tenggara
Sumatera
& Sulawesi
Overseas Total
(1) (2) (3) (4) (5) (6) (7) (8)

1 Gross claims 149,254,810 2,523,628 18,792,133 12,974,144 849,388 184,394,103
2 Impaired claims - - - - - -
a. Not yet matured 731,635 15,665 222,929 101,993 - 1,072,222
b. Matured 291,461 6,897 39,319 15,752 - 353,429
3 Allowance for impairment losses - 1,084,487 72,927 227,525 143,146 50 1,528,135
Stage 1
4 Allowance for impairment losses - 498,993 83,697 216,105 41,808 - 840,603
Stage 2
5 Allowance for impairment losses - 844,946 65,142 136,156 51,857 - 1,098,101
Stage 3
6 Amounts written-off 3,837,698 327,298 1,330,794 433,998 - 5,929,788
31 December 2019
Geographic Area
Tenggara Sulawesi
(8) (9) (10) (11) (12) (13)
129,514,518 2,876,028 18,775,197 13,568,928 870,726 165,605,396
759,895 20,421 183,322 132,860 - 1,096,498

21,094 26 15 100 - 21,235
2,495,551 260,944 1,136,619 333,482 - 4,226,596
31 December 2019
Geographic Area
Java
Tenggara
Sumatera
Sulawesi
Overseas Total 185
(3) (4) (5) (6) (7)
142,024,112 3,206,552 21,002,664 13,964,832 870,726 181,068,885

- - - - - -
759,895 20,421 183,322 132,860 - 1,096,498
108,890 5,244 20,706 9,065 - 143,905
2,970,130 292,799 1,270,365 395,672 - 4,928,966

Risk Management
Claims and Allowances Disclosure based on Economic Sector - Bank Stand Alone
(in million Rupiah)
Impaired claims Allowance Allowance Allowance
for for for
Amounts
No Economic Sector Claims Not yet impairment impairment impairment
Matured Written-Off
matured losses - losses - losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
December 2020
1 Agriculture, forestry and fisheries 4,278,244 821 - 11,045 2,080 898 21,333
2 Mining and excavation 1,909,472 - - 1,864 8,145 - 5,814
3 Manufacturing 28,768,586 116,932 55,363 122,015 123,946 154,466 385,163
4 Procurement of Electricity, Gas, Steam/ 6,065,418 - - 1,701 - - 2,195
Hot Water and Cold Air
5 Water Management, WasteWater - - - - - - -
Management, Waste Management and
Recycling
6 Construction 6,196,394 28,937 3,000 14,578 182,361 16,925 77,314
7 Wholesale and retail trading; Repair and 15,875,335 325,177 86,836 291,702 272,021 372,902 739,245
8 Transportation and Warehousing 8,069,801 2,761 25,977 19,375 15,398 40,057 60,576
9 Provision of Accommodation and 210,015 1,054 - 5,810 10,419 8,154 21,382
Provision of Drinking Food
10 Information and Communication - - - - - - -
11 Financial and Insurance Activities 40,063,085 60,295 - 11,389 82,525 113,038 124,179
12 Real Estate 4,492,743 168,308 - 16,095 27,305 170,943 49,194
13 Professional, Scientific, and Technical - - - - - - -
Activities
14 Rental and Rental Activities Without - - - - - - -
186 Option Rights, Employment, Travel
Agents, and Other Business Support
15 Government, Defense and Compulsory 1,073 - - - - - -
Social Security Administration
16 Education 16,846 - - 19 8 183 109

17 Human Health Activities and Social 248,742 547 - 758 914 574 1,734
Activities
18 Arts, Entertainment and Recreation 60,590 11,667 - 7,313 7,463 7,098 25,768
19 Other Service Activities - - - - - - -
20 Household Activities as An Employer 33,352,703 326,175 168 174,981 108,018 212,863 3,393,759
21 Activities of the International Agency and 567,826 - - - - - -
Other Extra International Agency
22 Not a Business Field 184,484 29,548 - - - - 37,447
23 Others 17,047,045 - - - - - -
Total 167,408,402 1,072,222 171,344 678,645 840,603 1,098,101 4,945,211
December 2019
1 Agriculture, forestry and fisheries 3,062,071 2,357 - 20,429
2 Mining and excavation 2,071,157 - - 8,093
3 Manufacturing 31,077,983 135,518 8,059 297,714
4 Procurement of Electricity, Gas, Steam/ 4,450,519 - - 2,523
5 Water Management, WasteWater - - - -
Recycling
6 Construction 6,502,458 39,819 - 61,585
7 Wholesale and retail trading; Repair and 15,268,553 254,353 8,002 623,329
8 Transportation and Warehousing 7,262,381 36,852 - 51,862
9 Provision of Accommodation and 269,815 8,926 5,000 19,832
11 Financial and Insurance Activities 41,241,045 - - 168,518
12 Real Estate 5,807,520 210,329 - 45,268
13 Professional, Scientific, and Technical - - - -
Activities
14 Rental and Rental Activities Without - - - -
Option Rights, Employment, Travel
15 Government, Defense and Compulsory - - - -
16 Education 2,297 - - 169
17 Human Health Activities and Social 32,613 260 - 2,397
Activities
18 Arts, Entertainment and Recreation 408,654 7,075 - 27,288
19 Other Service Activities 1,403 - - -
20 Household Activities as An Employer 38,388,989 351,033 174 2,820,411
21 Activities of the International Agency and - - - -
22 Not a Business Field 1,019,944 49,976 - 77,179
23 Others 8,737,993 - - -
Total 165,605,396 1,096,498 21,235 4,226,596
Claims and Allowances Disclosure based on Economic Sector - Consolidated Bank and Subsidiary
(in million Rupiah)
Impaired claims Allowance Allowance Allowance
for for for
Amounts
No Economic Sector Claims Not yet impairment impairment impairment
Matured Written-Off
matured losses - losses - losses -
Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5) (6) (7) (8) (9)
December 2020
1 Agriculture, forestry and fisheries 4,978,969 821 11,482 68,676 2,080 898 53,784
2 Mining and excavation 1,912,015 - 60 2,147 8,145 - 6,086
3 Manufacturing 29,028,114 116,932 61,934 148,439 123,946 154,466 422,061
4 Procurement of Electricity, Gas, Steam/ 6,065,418 - - 1,701 - - 2,195
5 Water Management, WasteWater - - - - - - -
Recycling
6 Construction 6,196,394 28,937 3,000 14,578 182,361 16,925 77,314
7 Wholesale and retail trading; Repair and 23,851,094 325,177 229,284 981,396 272,021 372,902 1,562,033
8 Transportation and Warehousing 8,082,109 2,761 26,418 20,972 15,398 40,057 62,629
9 Provision of Accommodation and 356,608 1,054 4,828 23,039 10,419 8,154 51,162
10 Information and Communication - - - - - - -
11 Financial and Insurance Activities 40,071,691 60,295 - 11,483 82,525 113,038 124,179
12 Real Estate 4,497,274 168,308 105 16,669 27,305 170,943 50,146
13 Professional, Scientific, and Technical - - - - - - -
Activities
14 Rental and Rental Activities Without - - - - - - -
Option Rights, Employment, Travel 187
15 Government, Defense and Compulsory 1,073 - - - - - -

16 Education 16,846 - - 19 8 183 109
17 Human Health Activities and Social 251,307 547 45 1,022 914 574 2,012
Activities
18 Arts, Entertainment and Recreation 99,824 11,667 1,002 11,657 7,463 7,098 29,042
19 Other Service Activities - - - - - - 55
20 Household Activities as An Employer 33,809,064 326,175 15,133 225,871 108,018 212,863 3,448,929
21 Activities of the International Agency and 567,826 - - - - - -
22 Not a Business Field 184,548 29,548 - - - - 38,053
23 Others 24,423,929 - 138 466 - - -
Total 184,394,103 1,072,222 353,429 1,528,135 840,603 1,098,101 5,929,788
December 2019
1 Agriculture, forestry and fisheries 3,753,394 2,357 5,610 40,639
2 Mining and excavation 2,075,474 - 19 8,223
3 Manufacturing 31,421,213 135,518 12,474 322,808
4 Procurement of Electricity, Gas, Steam/ 4,450,519 - - 2,523
5 Water Management, WasteWater - - - -
Recycling
6 Construction 6,502,458 39,819 - 61,585
7 Wholesale and retail trading; Repair and 22,195,996 254,353 107,878 1,225,771
8 Transportation and Warehousing 7,289,780 36,852 293 53,188
9 Provision of Accommodation and 453,999 8,926 8,231 42,135
11 Financial and Insurance Activities 41,270,984 - - 168,518
12 Real Estate 5,813,923 210,329 96 45,963
13 Professional, Scientific, and Technical - - - -
Activities
14 Rental and Rental Activities Without - - - -
Option Rights, Employment, Travel
15 Government, Defense and Compulsory - - - -
16 Education 2,297 - - 169
17 Human Health Activities and Social 36,002 260 72 2,539
Activities
18 Arts, Entertainment and Recreation 453,332 7,075 690 29,020
19 Other Service Activities 1,403 - - 56
20 Household Activities as An Employer 39,208,779 351,033 8,340 2,848,580
21 Activities of the International Agency and - - - -
22 Not a Business Field 1,020,014 49,976 - 77,179
23 Others 15,119,317 - 202 70
Total 181,068,885 1,096,498 143,905 4,928,966
Risk Management
Allowance for Impairment Losses Movement - Bank Stand Alone

(in million Rupiah)
31 December 2020 31 December 2019

No Description CKPN CKPN CKPN CKPN CKPN CKPN
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
(1) (2) (3) (4) (5)
1 Beginning balance (742,764) (299,069) (630,487)
2 Provision (recovery) for the period
a. Provision for the period (2,506) (541,534) (1,562,458)
b. Recovery for the period 66,625 - -
3 Write-offs for the period - - 1,205,498
4 Other provision (recovery) for the period - - (110,654)

Ending balance (678,645) (840,603) (1,098,101)
Allowance for Impairment Losses Movement - Consolidated Bank and Subsidiary

(in million Rupiah)

No Description CKPN CKPN CKPN CKPN CKPN CKPN
Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3
188
(1) (2) (3) (4) (5) (6) (7) (8)
1 Beginning balance (1,034,883) (299,069) (630,487)

2 Provision (recovery) for the period
2.a. Provision for the period (794,200) (541,534) (1,562,458)
2.b. Recovery for the period 4,176 - -
3 Write-offs for the period 296,772 - 1,205,498
4 Other provision (recovery) for the period - - (110,654)

Ending balance (1,528,135) (840,603) (1,098,101)
10. Credit Risk Disclosure with Standardized sector entities, claims on the banks, claims on the
Approach employees and pensioners, claims on micro, small,
In calculating the Risk Weighted Assets (RWA) for and retail portfolio, claims on corporations and on
credit risk, the Bank uses a standardized approach past-due claims.
that complies with prevailing OJK regulation,
namely the SE OJK No.42/SEOJK.03/2016 on The risk weight is determined based on the
the Guidelines for the Calculation of Credit Risk provisions stipulated by the Regulator. If claims
Weighted Assets with Standardized Approach. are rated, the Bank will then use rating agency
recognized by Regulator.
With using standardized approach, the risk weight
is determined based on the rating of the debtor or
the counterparty, in accordance with the portfolio
category or a certain percentage for certain type
of claim. The portfolio category is divided into
claims on the government, claims on the public
189

Risk Management
Net Claims Disclosure based on Portfolio Category and Rating Scale - Bank Stand Alone
Rating Agencies
Standard and Poor's AAA AA+ s.d AA- A+ s.d A-
Fitch Rating AAA AA+ s.d AA- A+ s.d A-

Moody's Aaa Aa1 s.d Aa3 A1 s.d A3
PT Fitch Ratings AA+(idn) s.d

AAA (idn) A+(idn) s.d. A-(idn)
Indonesia AA-(idn)
PT Pemeringkat Efek
idAAA idAA+ s.d idAA- idA+ s.d id A-
Indonesia
(1) (2) (3) (4) (5) (6)
1 Claims on sovereign 9,165 - -
2 Claims on Public Sector Entity 852,031 222,450 4,719,004
3 Claims on Multilateral Development Banks and International Institute - - -
4 Claims on Bank 413,523 356,160 774,242
5 Secured by Residential Property
6 Secured by Commercial Real Estate
7 Pensioners/Other institutions' employees loans
8 Claims on Micro, Small and Retail Portfolio

190 9 Claims on Corporate 1,600,180 6,105,882 3,494,516
10 Past due claims

11 Other assets
Total 2,874,899 6,684,492 8,987,762
Rating Agencies


Indonesia AA-(idn)
PT Pemeringkat Efek
Indonesia
(1) (2) (3) (4) (5) (6)
4 Claims on Bank 216,116 812,153 1,077,154
9 Claims on Corporate 275,000 7,233,430 1,762,879
10 Past due claims
11 Other assets
Total 650,341 8,345,147 7,469,861

31 December 2020
Net Claims
Long Term Rating Short Term Rating
BBB+ s.d BBB- BB+ s.d BB- B+ s.d B- Kurang dari B- A-1 A-2 A-3 Kurang dari A-3
BBB+ s.d BBB- BB+ s.d BB- B+ s.d B- Kurang dari B- F1+ s.d F1 F2 F3 Kurang dari F3
Baa1 s.d Baa3 Ba1 s.d Ba3 B1 s.d B3 Kurang dari B3 P-1 P-2 P-3 Kurang dari P-3 Unrated
BBB+(idn) s.d BB+(idn) s.d B+(idn) s.d Kurang dari F1+(idn) s.d Kurang dari
F2(idn) F3(idn)
BBB-(idn) BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
id BBB+ s.d id id BB+ s.d id Kurang dari Kurang dari

id B+ s.d id B- idA1 idA2 idA3 s.d id A4
BBB- BB- idB- idA4
(7) (8) (9) (10) (11) (12) (14) (15) (16)
- - - - - - - - 30,506,289
5,903,331 - - 2,722,047 - - - - 703,337
- - - - - - - - -
1,365,950 497,666 - - - - - - 381,936
344
32,158,916
1,983,024
1,612,766 298,563 591,824 36,163 - - - - 78,344,115

191
374,834

5,736,530
8,882,047 796,229 591,824 2,758,210 - - - - 150,189,325
31 December 2019
Net Claims
F2(idn) F3(idn)

BBB- BB- idB- idA4
(7) (8) (9) (10) (11) (12) (14) (15) (16)
- - - - - - - - 21,907,008
- 499,364 - - - - - - 4,687,101
- - - - - - - - -
92,383 144,499 - - - - - - 607,163
369
35,668,135
4,954,246
1,129,489 634,239 194,314 - - - - - 85,942,719
473,988
6,036,467
1,221,872 1,278,102 194,314 - - - - - 160,277,195

Risk Management
Net Claims Disclosure based on Portfolio Category and Rating Scale - Consolidated Bank and Subsidiary
Rating Agencies


Indonesia AA-(idn)
PT Pemeringkat Efek
Indonesia
(1) (2) (3) (4) (5) (6)
4 Claims on Bank 582,577 356,160 774,242

192 9 Claims on Corporate 1,600,180 6,105,882 3,494,516
10 Past due claims

11 Other assets
Total 3,043,953 6,684,492 9,165,975
Lembaga Pemeringkat

No Kategori Portofolio

Indonesia AA-(idn)
PT Pemeringkat Efek
Indonesia
(1) (2) (3) (4) (5) (6)
4 Claims on Bank 303,878 812,153 1,077,154
9 Claims on Corporate 275,000 7,233,430 1,762,879
10 Past due claims
11 Other assets
Total 738,103 8,345,147 7,593,180

31 December 2020
Net Claims
F2(idn) F3(idn)

BBB- BB- idB- idA4
(7) (8) (9) (10) (11) (12) (14) (15) (16)
- - - - - - - - 35,960,273
5,903,331 - - 2,722,047 - - - - 703,337
- - - - - - - - -
1,365,950 497,666 - - 5 - - - 460,936
344
32,158,916
10,733,572
1,612,766 298,563 591,824 36,163 - - - - 78,352,347

193
377,178

7,231,361
8,882,047 796,229 591,824 2,758,210 5 - - - 165,978,264
31 December 2019
Net Claims
F2(idn) F3(idn)

BBB- BB- idB- idA4
(7) (8) (9) (10) (11) (12) (14) (15) (16)
- - - - - - - - 26,923,690
- 499,364 - - - - - - 4,687,101
- - - - - - - - -
92,383 144,499 - - 105 - - - 686,163
369
35,668,135
13,699,251
1,129,489 634,239 194,314 - - - - - 85,971,556
497,201
7,103,913
1,221,872 1,278,102 194,314 - 105 - - - 175,237,378

Risk Management
11. Counterparty Credit Risk Disclosure

For the Bank, counterparty credit risk is risk arising from non-performing credit payment by a counterparty on a
contract with the Bank, causing a potential loss for the Bank to replace the contract.
Counterparty credit risk generally emerge in FX swap and repo/reverse repo transactions. Mitigation of
counterparty credit risk is implemented in accordance with SEOJK No.42/SEOJK.03 /2016, with recognizing the
collateral, guarantee, pledge, or credit insurance, and complemented by the Bank’s policies on the management
of counterparty credit risk.
The Bank’s counterparty credit risk exposure as of 31 December 2020 is as follows:
Table Exposure Analysis of Counterparty Credit Risk (CCR1)

Alpha
Replacement Potential Future Digunakan untuk
No EEPE Net Receivables RWA
Cost (RC) Exposure (PFE) Perhitungan
Regulatory EAD
1 SA-CCR (for 916,804,655,741 955,042,811,627 1.4 2,620,586,454,315

derivative)
2 Internal model N/A N/A

method (for
derivative and SFTs)
3 Simple approach for N/A N/A

credit risk mitigation
194 (for SFTs)
4 Comprehensive
approach for credit
risk mitigation (for

SFTs)
5 VaR for SFTs N/A N/A
Total
Table CCR2: Credit valuation adjustment (CVA) Capital Charge

No Net Receivables RWA
1 Total portfolio based on Advanced CVA capital charge N/A N/A
2 (i) VaR component (include 3× multiplier) N/A
3 (ii) Stressed VaR component (include 3× multiplier) N/A
4 All Portfolio based on Standardised CVA Capital Charge 902,512,479,573
Total based on CVA Capital Charge 902,512,479,573

Table CCR Exposure Based on Portfolio Category and Weighted Risk (CCR3)
Total Net
Portfolio Category 0% 10% 20% 50% 75% 100% 150% Lainnya
receivables
Claims on sovereign 292,850,722,031 351,186,702,249 1,303,565,967 645,340,990,247
Claims on Public Sector

Entity
Claims on Multilateral
Development Banks and
International Institute
Claims on Bank
Tagihan kepada
perusahaan sekuritas
Claims on Corporate 37,459,836,411 12,989,310,784 1,924,796,316,873 1,975,245,464,068
Claims on Micro, Small

and Retail Portfolio
Other Assets
Total 330,310,558,442 364,176,013,033 1,926,099,882,840 2,620,586,454,315
Table Net Claims Credit Derivative (CCR6)

Protection Bought Protection Sold
Notional value - -
195
Single-name credit default swaps
Index credit default swaps

Total return swaps
Credit options
Other Credit Derivatives
Notional value - -
Fair Value - -
Positive Fair Value (Asset)
Negative Fair Value (Liablities)
The Bank currently does not have asset securitization exposure.

Risk Management
12. Credit Risk Mitigation Disclosure • Land and/or building

The Bank implements a range of policies and • Vehicles
practices to mitigate credit risk. The Bank has the • Equipment (including machines and heavy
guidelines on the accepted types of collateral to equipment)
mitigate credit risk. The types of collateral accepted • Cash collateral
are as follows: • SBLC
• Account receivable
• Inventory
Net Claims based on Risk Weight post Credit Risk Mitigation - Bank Stand Alone
31 December 2020
Capital
No. Porftolio Category Net Claims post Credit Risk Mitigation RWA
Charge
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
A Balance Sheet Exposures
1 Claims on sovereign 30,515,454 - - - - - - - - - - -
2 Claims on Public Sector Entity - 324,482 - - - 9,769,142 - 2,722,047 - 9,032,538 722,603

-
3 Claims on Multilateral - - - - - - - - - - - -
196 4 Claims on Bank - 1,543,273 - - - 1,493,660 - 107,204 - - 1,162,689 93,015
5 Secured by Residential Property - - 344 - - - - - - - 120 10
6 Secured by Commercial Real - - - - - - - - - - - -

Estate
7 Pensioners/Other institutions' - - - - - 32,158,917 - - - - 16,079,459 1,286,357

employees loans
8 Claims on Micro, Small and - - - - 1,959,248 - - - 1,473,741 117,899

Retail Portfolio 21,525 -
9 Claims on Corporate 188,107 7,133,602 - - - 12,782,269 - 58,634,216 627,987 - 67,394,051 5,391,524
10 Past due claims - 108 - - - - - - 374,725 - 562,109 44,969
11 Other assets 1,323,222 - - - - - - 4,371,596 41,712 - 4,434,164 354,733
Total Balance Sheet Exposures 32,026,783 9,022,990 344 - - 56,203,988 1,959,248 63,113,016 3,766,471 - 100,138,871 8,011,110
B. Off-Balance Sheet Exposures
1 Claims on sovereign - - - - - - - - - - - -
2 Claims on Public Sector Entity - 750,000 - - - 1,556,529 - - - - 928,265 74,261
4 Claims on Bank - - - - - - - - - - - -
5 Secured by Residential Property - - - - - - - - - - - -

Estate
7 Pensioners/Other institutions’ - - - - - - - - - - - -
employees loans
8 Claims on Micro, Small and - - - - - - 2,250 - - - 1,688 135

Retail Portfolio
9 Claims on Corporate 19,418 535,000 - - - 4,175,812 - 5,713,791 298,562 - 8,356,540 668,523
10 Past due claims - - - - - - - - - - -
Total Off-Balance Sheet 19,418 1,285,000 - - - 5,732,341 2,250 5,713,791 298,562 - 9,286,492 742,919
Exposures
C . Counterparty Credit Risk
1 Claim on Sovereignw - - - - - - - - - - - -
2 Claims on Public Sector Entity - - - - - - - - - - - -
4 Claims on Bank - 292,851 - - - 351,187 - 1,304 - - 1,137,980 91,038
5 Claims on Micro, Small and - -

Retail Portfolio - - - - - - - - - -
6 Claims on Corporate - 37,460 - - - 12,989 - 1,924,796 - - 1,938,783 155,103
Total Counterparty Credit Risk - 330,311 - - - 364,176 - 1,926,100 - - 3,076,762 246,141

Exposures
31 December2019
Capital
Net Claims post Credit Risk Mitigation ATMR
Charge
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26)
21,946,714 - - - - - - - - - - -
- 402,231 - - - 9,420,292 - 109,134 - - 4,899,726 391,978
- - - - - - - - - - - -
- 1,431,084 - - - 661,442 - - - - 616,938 49,355 197

- - 368 - - - - - - - 129 10
- - - - - - - - - - - -

- - - - - 35,668,136 - - - - 17,834,068 1,426,725
- 33,111 - - - - 4,921,134 - - - 3,697,473 295,798
120,170 6,368,501 - - - 10,035,631 - 67,093,813 235,255 - 73,738,211 5,899,057
- 216 - - - - - - 473,773 - 710,703 56,856
1,587,729 - - - - - - 4,426,216 22,522 - 4,459,998 356,800
23,654,613 8,235,143 368 - - 55,785,501 4,921,134 71,629,163 731,550 - 105,957,246 8,476,579
- - - - - - - - - - - -
- - - - - 286,867 - - - - 143,434 11,475
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
32,473 1,137,500 - - - 4,360,307 - 6,108,397 - - 8,516,049 681,284
- - - - - - - - - - - -
32,473 1,137,500 - - - 4,647,174 - 6,108,397 - - 8,659,484 692,759
16,851 - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- 530,016 - - - 322,986 - 3,940 - - 1,038,769 83,102
- - - - - - - - - - -
-
- - - - - - - 1,680,023 - - 1,680,022 134,402
16,851 530,016 - - - 322,986 - 1,683,963 - - 2,718,791 217,504

Risk Management
Net Claims based on Risk Weight post Credit Risk Mitigation - Consolidated Bank and Subsidiary
31 December 2020
Capital
No. Porftolio Category Net Claims post Credit Risk Mitigation RWA
Charge
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)
1 Claims on sovereign 35,969,438 - - - - - - - - - - -
2 Claims on Public Sector Entity - 324,482 - - - 9,947,355 - - 2,722,047 - 9,121,645 729,732
4 Claims on Bank - 1,791,332 - - - 1,493,660 - 107,204 - - 1,212,301 96,984
5 Secured by Residential Property - - 344 - - - - - - - 120 10

Estate
7 Pensioners/Other institutions' - - - - - 32,158,917 - - - - 16,079,459 1,286,357

employees loans
8 Claims on Micro, Small and - 2,140,808 - - - - 8,590,513 - - - 6,871,046 549,683

Retail Portfolio
9 Claims on Corporate 188,107 7,133,602 - - - 12,790,501 - 58,634,216 627,987 - 67,394,051 5,391,524
10 Past due claims - 108 - - - - - 2,344 374,725 - 564,453 45,157
198
11 Other assets 2,433,196 - - - - - - 4,756,453 41,712 - 4,819,021 385,522
Total Balance Sheet Exposures 38,590,741 11,390,332 344 - - 56,390,433 8,590,513 63,500,217 3,766,471 - 106,062,096 8,484,968
B. Off-Balance Sheet Exposures

2 Claims on Public Sector Entity - 750,000 - - - 1,556,529 - - - - 928,264 74,261
4 Claims on Bank - - - - - - - - - - - -
5 Secured by Residential Property - - - - - - - - - - - -

Estate
7 Pensioners/Other institutions’ - - - - - - - - - - - -
employees loans
8 Claims on Micro, Small and - - - - - - 2,250 - - - 1,688 135

Retail Portfolio
9 Claims on Corporate 19,418 535,000 - - - 4,175,812 - 5,713,791 298,562 - 8,356,541 668,523
10 Past due claims - - - - - - - - - - - -
Total Off-Balance Sheet 19,418 1,285,000 - - - 5,732,341 2,250 5,713,791 298,562 - 9,286,492 742,919
Exposures
C . Counterparty Credit Risk
2 Claims on Public Sector Entity - - - - - - - - - - - -
4 Claims on Bank - 292,851 - - - 351,187 - 1,304 - - 1,137,980 91,038
5 Claims on Micro, Small and - - - - - - - - - - - -

Retail Portfolio
6 Claims on Corporate - 37,460 - - - 12,989 - 1,924,796 - - 1,938,783 155,103
Total Counterparty Credit - 330,311 - - - 364,176 - 1,926,100 - - 3,076,762 246,141

Risk Exposures
31 December2019
Capital
Net Claims post Credit Risk Mitigation ATMR
Charge
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26)
26,963,396 - - - - - - - - - - -
- 402,231 - - - 9,543,611 - 109,134 - - 4,961,386 396,911
- - - - - - - - - - - -
- 1,597,951 - - - 661,442 - - - - 650,311 52,025
- - 368 - - - - - - - 129 10
- - - - - - - - - - - -
- - - - - 35,668,136 - - - - 17,834,068 1,426,725
- 33,111 - - - - 13,666,139 - - - 10,256,227 820,498
120,170 6,368,501 - - - 10,064,469 - 67,093,812 235,255 - 73,738,211 5,899,057
- 216 - - - - - 23,213 473,773 - 733,916 58,713
199
2,299,062 - - - - - - 4,782,329 22,522 - 4,816,110 385,289
29,382,628 8,402,010 368 - - 55,937,658 13,666,139 72,008,488 731,550 - 112,990,358 9,039,228

- - - - - - - - - - - -
- - - - - 286,867 - - - - 143,433 11,475
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
32,473 1,137,500 - - - 4,360,307 - 6,108,397 - - 8,516,050 681,284
- - - - - - - - - - - -
32,473 1,137,500 - - - 4,647,174 - 6,108,397 - - 8,659,484 692,759
16,851 - - - - - - - - - - -
- - - - - - - - - - - -
- - - - - - - - - - - -
- 530,016 - - - 322,986 - 3,940 - - 1,038,769 83,102
- - - - - - - - - - - -
- - - - - - - 1,680,023 - - 1,680,022 134,402
16,851 530,016 - - - 322,986 - 1,683,963 - - 2,718,791 217,504

Risk Management
Net Claims and Credit Risk Mitigation Techniques - Bank Stand Alone
31 December 2020
No. Porftolio Category Claims guaranteed by:

Net Claims
Guarantee Credit
Collateral Others
letter Insurance
(1) (2) (3) (4) (5) (6) (7)
1 Claims on sovereign 30,515,454 - - - -
2 Claims on Public Sector Entity 12,815,671 - - - -
3 Claims on Multilateral Development Banks and International - - - - -

Institute
4 Claims on Bank 3,144,137 - - - -
5 Secured by Residential Property 344 - - - -
6 Secured by Commercial Real Estate - - - - -
7 Pensioners/Other institutions' employees loans 32,158,917 - - - -
8 Claims on Micro, Small and Retail Portfolio 1,980,773 - - 21,525 -
9 Claims on Corporate 79,366,181 10,616,752 - - -
10 Past due claims 374,833 - - 108 -
11 Other assets 5,736,530 - - - -
200 Total Balance Sheet Exposures 166,092,840 10,616,752 - 21,633 -
B Off-Balance Sheet Exposures

1 Claims on sovereign - - - - -

Institute
4 Claims on Bank - - - - -
5 Secured by Residential Property - - - - -
7 Pensioners/Other institutions’ employees loans - - - - -
8 Claims on Micro, Small and Retail Portfolio 2,250 - - - -
10 Past due claims - - - - -
Total Off-Balance Sheet Exposures 13,051,362 4,195,230 - - -
C Counterparty Credit Risk
2 Claims on Public Sector Entity - - - - -

Institute
4 Claims on Bank 645,341 - - - -
5 Claims on Micro, Small and Retail Portfolio - - - - -
6 Claims on Corporate 1,975,245 - - - -
Total Counterparty Credit Risk Exposures 2,620,586 - - - -
Total 181,764,789 14,811,982 - 21,633 -

(A+B+C)
31 December 2019
Claims guaranteed by: Claims not

Claims not guaranteed
Net Claims
guaranteed
Collateral Guarantee letter Credit Insurance Others
(14)=(9)-
(8)=(3)-(4)+(5)+(6)+(7) (9) (10) (11) (12) (13)
(10)+(11)+(12)+(13)
30,515,454 21,946,714 - - - - 21,946,714
12,815,671 9,931,657 390,230 - - - 9,541,427
- - - - - - -
3,144,137 2,092,526 - - - - 2,092,526
344 368 - - - - 368
- - - - - - -
32,158,917 35,668,136 - - - - 35,668,136
1,959,248 4,954,245 - - 33,111 - 4,921,134
68,749,429 83,853,370 8,392,930 - - - 75,460,440
374,725 473,989 - - 216 - 473,773
5,736,530 6,036,467 - - - - 6,036,467
155,454,455 164,957,472 8,783,160 - 33,327 - 156,140,985

201

- - - - - - -
2,306,529 286,867 - - - - 286,867
- - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2,250 - - - - - -
6,547,353 11,638,677 4,392,780 - - - 7,245,897
- - - - - - -
8,856,132 11,925,544 4,392,780 - - - 7,532,764
- 16,851 - - - - 16,851
- - - - - - -
- - - - - - -
645,341 856,943 - - - - 856,943
- - - - - - -
1,975,245 1,680,023 - - - - 1,680,023
2,620,586 2,553,816 - - - - 2,553,816
166,931,174 179,436,832 13,175,940 - 33,327 - 166,227,565

Risk Management
Net Claims and Credit Risk Mitigation Techniques - Consolidated Bank and Subsidiary
31 December 2020
No. Porftolio Category Claims guaranteed by:

Net Claims
Guarantee Credit
Collateral Others
letter Insurance
(1) (2) (3) (4) (5) (6) (7)
1 Claims on sovereign 35,969,438 - - - -

Institute
4 Claims on Bank 3,392,196 - - - -
5 Secured by Residential Property 344 - - - -
7 Pensioners/Other institutions' employees loans 32,158,917 - - - -
8 Claims on Micro, Small and Retail Portfolio 10,731,321 2,119,283 - 21,525 -
10 Past due claims 377,177 - - 108 -
11 Other assets 7,231,361 - - - -
202 Total Balance Sheet Exposures 182,229,051 12,744,267 - 21,633 -
B Off-Balance Sheet Exposures


Institute
4 Claims on Bank - - - - -
5 Secured by Residential Property - - - - -
7 Pensioners/Other institutions’ employees loans - - - - -
8 Claims on Micro, Small and Retail Portfolio 2,250 - - - -
10 Past due claims - - - - -
Total Off-Balance Sheet Exposures 13,051,362 4,195,230 - - -
C Counterparty Credit Risk
2 Claims on Public Sector Entity - - - - -

Institute
4 Claims on Bank 645,341 - - - -
5 Claims on Micro, Small and Retail Portfolio - - - - -
6 Claims on Corporate 1,975,245 - - - -
Total Counterparty Credit Risk Exposures 2,620,586 - - - -
Total 197,901,000 16,939,497 - 21,633 -

(A+B+C)
31 December 2019
Claims guaranteed by: Claims not

Claims not guaranteed
Net Claims
guaranteed
Collateral Guarantee letter Credit Insurance Others
(14)=(9)-
(8)=(3)-(4)+(5)+(6)+(7) (9) (10) (11) (12) (13)
(10)+(11)+(12)+(13)
35,969,438 26,963,396 - - - - 26,963,396
12,993,884 10,054,976 390,230 - - - 9,664,746
- - - - - - -
3,392,196 2,259,393 - - - - 2,259,393
344 368 - - - - 368
- - - - - - -
32,158,917 35,668,136 - - - - 35,668,136
8,590,513 13,699,250 - - 33,111 - 13,666,139
68,749,429 83,882,207 8,421,768 - - - 75,460,440
377,069 497,202 - - 216 - 496,986
7,231,361 7,103,913 - - - - 7,103,913
169,463,151 180,128,841 8,811,998 - 33,327 - 171,283,517

203

- - - - - - -
2,306,529 286,867 - - - - 286,867
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
2,250 - - - - - -
6,547,353 11,638,677 4,392,780 - - - 7,245,897
- - - - - - -
8,856,132 11,925,544 4,392,780 - - - 7,532,764
- 16,851 - - - - 16,851
- - - - - - -
- - - - - - -
645,341 856,943 - - - - 856,943
- - - - - - -
1,975,245 1,680,023 - - - - 1,680,023
2,620,586 2,553,816 - - - - 2,553,816
180,939,870 194,608,201 13,204,778 - 33,327 - 181,370,097

Risk Management
Disclosure of Credit Risk Calculation of Risk Weighted Assets using Standardized Approach- Bank Stand Alone
Asset Exposures in Balance Sheets, except securitization exposure

(in million Rupiah)
31 December 2020 31 Desember 2019
Net Claims RWA pre CRM RWA post CRM Net Claims RWA pre CRM RWA post CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Claims on sovereign 30,515,454 - - 21,946,714 - -
a. Claims on Indonesian sovereign 30,515,454 - - 21,946,714
b. Claims on Other sovereign
2 Claims on Public Sector Entity 12,815,671 9,032,538 9,032,538 9,931,657 5,094,841 4,899,726
4 Claims on Bank 3,144,137 1,162,689 1,162,689 2,092,526 616,938 616,938
a. Short Term 1,921,612 501,070 501,070 1,548,552 346,256 346,256
b. Long Term 1,222,525 661,618 661,618 543,974 270,682 270,682
5 Secured by Residential Property 344 120 120 368 129 129
7 Pensioners/Other institutions' 32,158,917 16,079,459 16,079,459 35,668,136 17,834,068 17,834,068
employees loans
8 Claims on Micro, Small and Retail 1,980,773 1,485,580 1,473,741 4,954,246 3,715,684 3,697,473
Portfolio
9 Claims on Corporate 79,366,181 72,243,622 67,394,051 83,853,370 77,994,761 73,738,211
10 Past due claims 374,833 562,250 562,109 473,988 710,984 710,703
a. Credit with Residential House - - - - - -
204 Collateral
b. Other than Credit with Residential 374,833 562,250 562,109 473,988 710,984 710,703
House Collateral
11 Other Assets 5,736,530 4,434,164 6,036,467 4,459,999

a. Cash, gold, and commemorative 1,323,222 - 1,587,729 -
coin
a. Investment (other than the capital 22,522 - 33,783 22,522 - 33,783
reduction factor)
1) Temporary capital investment - - - -
in the framework of credit
restructuring
2) Participation in financial 22,522 33,783 22,522 33,783
companies not listed on the
exchange
3) Participation in financial - - - -
companies listed on the
exchange
c. Fixed assets and net inventory 2,025,871 2,025,871 1,684,196 1,684,196
d. Foreclosed Collateral (AYDA) 19,190 28,785 - -
e. Inter Office Assets - - - -
f. Others 2,345,725 2,345,725 2,742,020 2,742,020
Total 166,092,840 100,566,257 100,138,871 164,957,472 105,967,404 105,957,246
Off Balance Sheet Exposures, except securitization exposure

(in million Rupiah)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Claims on sovereign - - - - - -
2 Claims on Public Sector Entity 2,306,529 928,265 928,265 286,867 143,433 143,433
4 Claims on Bank - - - - - -
5 Secured by Residential Property - - - - - -
7 Pensioners/Other institutions’ - - - - - -
employees loans
8 Claims on Micro, Small and Retail 2,250 1,688 1,688 - - -
Portfolio
10 Past due claims - - - - - -
Total 13,051,362 11,382,724 9,286,492 11,925,544 10,872,105 8,659,483
Exposures That Caused Credit Risk due to Settlement Failure of The Opposing Party
(in million Rupiah)
(1) (2) (3) (4) (5) (6) (7) (8)
a. Claims on Indonesian sovereign
2 Claims on Public Sector Entity - - - - - -
a. Short Term
b. Long Term
5 Claims on Micro, Small and Retail - - - - - -
Portfolio
6 Claims on Corporate - - - - - -
Total - - - - - -
Exposures That Caused Credit Risk due to Settlement Failure

(in million Rupiah)
No Transaction Type Capital Capital
Exposure RWA Exposure RWA
Deduction Factor Deduction Factor
205
1 Delivery versus payment - - - -
a. 8% capital charge (5-15 days) - - - -

b. 50% capital charge (16-30 days) - - - -
c. 75% capital charge (31-45 days) - - - -
d. 100% capital charge (more than - - - -
45 days)
2 Non delivery versus payment - - - -
Total - - - - - -
Securitisation Exposures
(in million Rupiah)
RWA RWA
Deduction Factor Deduction Factor
1 RWA on Securitization Exposure calculated by External Rating Base Approach - -
(ERBA) Method
2 RWA on Securitization Exposure calculated by Standardized Approach (SA) - -
Method Requirements
3 Securitization Exposure which is a Core Capital Reduction Factor - -
Total - - - -
Derivatives Exposures
(in million Rupiah)
No Category
Net Claims RWA Net Claims RWA
1 Claims on sovereign - 16,851 -
a. Claims on Indonesian sovereign - - 16,851 -
b. Claims on Other sovereign - - - -
2 Claims on Public Sector Entity - - - -
3 Claims on Multilateral Development Banks and International - - - -
Institute
4 Claims on Bank 645,341 235,467 856,943 271,437
a. Short Term 23,688 4,738 37,295 13,081
b. Long Term 621,653 230,729 819,647 258,355
5 Claims on Micro, Small and Retail Portfolio - - - -
6 Claims on Corporate 1,975,245 1,938,783 1,680,022 1,680,022
7 Weighted exposure of Credit Valuation Adjustment (CVA risk 902,512 767,332
weighted assets)
Total 2,620,586 3,076,762 2,553,816 2,718,791
Risk Management
Total Credit Risk Measurement (1+2+3+4+5+6)

(in million Rupiah)

Category 31 December 2020 31 December 2013 31 December 2013
TOTAL CREDIT RISK RWA (A) 112,502,125 117,335,520
RWA CREDIT RISK DEDUCTION FACTOR: (B)
The difference between PPKA’s general reserves on
productive assets that must be calculated and 1.25% RWA
for Credit Risk
TOTAL CREDIT RISK RWA (A) - (B) (C) 112,502,125 117,335,520
TOTAL CAPITAL DEDUCTION FACTOR (D) - -
Disclosure of Credit Risk of Risk Weighted Assets Calculation using Standardized Approach - Consolidated Bank
and Subsidiary
Asset Exposures in Balance Sheets, except securitization exposure

(in million Rupiah)

(1) (2) (3) (4) (5) (6) (7) (8)
1 Claims on sovereign 35,969,438 - - 26,963,396 - -
a. Claims on Indonesian 35,969,438 - - 26,963,396 - -
206 sovereign
b. Claims on Other sovereign - - - - - -
2 Claims on Public Sector Entity 12,993,884 9,121,645 9,121,645 10,054,976 5,156,501 4,961,386
3 Claims on Multilateral - - - - - -
4 Claims on Bank 3,392,196 1,212,300 1,212,300 2,259,393 650,311 650,311
a. Short Term 2,028,333 522,415 522,415 1,665,419 369,629 369,629
b. Long Term 1,363,863 689,886 689,886 593,974 280,682 280,682
5 Secured by Residential Property 344 120 120 368 129 129
6 Secured by Commercial Real - - - - - -
Estate
7 Pensioners/Other institutions' 32,158,917 16,079,459 16,079,459 35,668,136 17,834,068 17,834,068
employees loans
8 Claims on Micro, Small and Retail 10,731,321 8,048,491 6,871,046 13,699,251 10,274,438 10,256,227
Portfolio
10 Past due claims 377,177 564,594 564,453 497,201 734,197 733,916
a. Credit with Residential House - - - - - -
Collateral
b. Other than Credit with 377,177 564,594 564,453 497,201 734,197 733,916
Residential House Collateral
11 Other Assets 7,231,360 4,819,020 7,103,913 4,816,110
a. Cash, gold, and 2,433,196 - 2,299,062 -
commemorative coin
a. Investment (other than the capital 22,522 - 33,783 22,522 - 33,783
reduction factor)
1) Temporary capital - - -
investment in the -
framework of credit
restructuring
2) Participation in financial 22,522 33,783 22,522 33,783
companies not listed on the
exchange
3) Participation in financial - - -
companies listed on the -
exchange
c. Fixed assets and net inventory 2,357,987 2,357,987 1,893,746 1,893,746
d. Foreclosed Collateral (AYDA) 19,190 28,785 -
-
e. Inter Office Assets - - - -
f. Others 2,398,465 2,398,465 2,888,583 2,888,581
Total 182,229,051 107,274,347 106,062,096 180,128,841 112,658,823 112,990,358
Off Balance Sheet Exposures, except securitization exposure
(in million Rupiah)

(1) (2) (3) (4) (5) (6) (7) (8)
2 Claims on Public Sector Entity 2,306,529 928,265 928,265 286,867 143,433 143,433
5 Secured by Residential Property - - - - - -
6 Secured by Commercial Real - - - - - -
Estate
7 Pensioners/Other institutions’ - - - - - -
employees loans
8 Claims on Micro, Small and Retail 2,250 1,688 1,688 - - -
Portfolio
10 Past due claims - - - - - -
Total 13,051,362 11,382,724 9,286,492 11,925,544 10,872,105 8,659,483
Exposures That Caused Credit Risk due to Failure of The Opposing Party 207
(in million Rupiah)

(1) (2) (3) (4) (5) (6) (7) (8)
a. Claims on Indonesian
sovereign
2 Claims on Public Sector Entity - - - - - -
a. Short Term
b. Long Term
5 Claims on Micro, Small and Retail - - - - - -
Portfolio
6 Claims on Corporate - - - - - -
Total - - - - - -
Exposures That Caused Credit Risk due to Settlement Failure

(in million Rupiah)

Exposure Deduction RWA Exposure Deduction RWA
Factor Factor
1 Delivery versus payment - - - -
a. 8% capital charge (5-15 days) - - - -
b. 50% capital charge (16-30 - - - -
days)
c. 75% capital charge (31-45 - - - -
days)
d. 100% capital charge (more - - - -
than 45 days)
2 Non delivery versus payment - - - -
Total - - - - - -
Risk Management
Securitisation Exposures
(in million Rupiah)

Deduction RWA Deduction RWA
Factor Factor
1 RWA on Securitization Exposure calculated by External Rating - -
Base Approach (ERBA) Method
2 RWA on Securitization Exposure calculated by Standardized - -
Approach (SA) Method Requirements
3 Securitization Exposure which is a Core Capital Reduction - -
Factor
Total - - - -
Derivative Exposures
(in million Rupiah)

No Category
Net Claims RWA Net Claims RWA
1 Claims on sovereign - 16,851 -
a. Claims on Indonesian sovereign - - 16,851 -
b. Claims on Other sovereign - - - -
208 2 Claims on Public Sector Entity - - - -

3 Claims on Multilateral Development Banks and - - - -
4 Claims on Bank 645,341 235,467 856,943 271,437

a. Short Term 23,688 4,738 37,295 13,081
b. Long Term 621,653 230,729 819,647 258,355
5 Claims on Micro, Small and Retail Portfolio - - - -
6 Claims on Corporate 1,975,245 1,938,783 1,680,022 1,680,022
7 Weighted exposure of Credit Valuation Adjustment 902,512 767,332
(CVA risk weighted assets)
Total 2,620,586 3,076,762 2,553,816 2,718,791
Total Credit Risk Measurement (1+2+3+4+5+6)

(in million Rupiah)
Category 31 December 2020 31 December 2019

TOTAL CREDIT RISK RWA (A) 118,425,350 124,368,632
RWA CREDIT RISK DEDUCTION FACTOR: (B)
The difference between PPKA’s general reserves on
productive assets that must be calculated and 1.25% RWA
for Credit Risk
TOTAL CREDIT RISK RWA (A) - (B) (C) 118,425,350 124,368,632
TOTAL CAPITAL DEDUCTION FACTOR (D) - -
B. Market Risk 1. Market Risk Management Framework

Market risk is risk inherent in the balance sheet The Bank uses the control framework as clear and
positions and administrative accounts, including strict guidelines on the limitation of risk taking.
derivative transactions occurring due to an overall Three key components in this risk control framework
change in market conditions, such as the risk in option are as follows:
price change. The main objective of the market risk a. Policies and Procedures: Establish clear
management is to minimize the negative impact from provisions and standards on all business
the change in market conditions towards asset value activities, control, operational strategies and
and the Bank’s capital. organization in the Bank related to market risk
management.
b. Exposure Limit: Provide clear limitations related 3. Adequacy of Processes in Risk Identification,
to market risk. Market risk limit/ tolerance is set Measurement, Monitoring, and Control, and Risk
in line with related regulations, global policies Management Information Systems
and local policies in the Bank. Identification of market risk is continuously
c. Delegation of Risk Authority: Ensure that conducted through analysis of each product,
decision making on major risks is only in the transaction or service offered by the Bank by means
hands of the designated individual or work of product program up until product, transaction
unit approved by the Bank’s management or service become market risk exposure that is
committee. measured, monitored and controlled on a daily
2. Adequacy of Policies, Procedures and Limit basis.
The Bank periodically reviews the adequacy
of policies, procedures, and limit setting in For every feature development and significant
managing the market risk, so to be aligned with growth, market risk is continuously re-identified and
external regulations, such as OJK Regulation discussed between the Risk Management Unit, in
No. 18/POJK.03.2016 and OJK Circular Letter this case the Market & Liquidity Risk Management
No. 34/SEOJK.03/2016 on the Implementation work unit, and the relevant business units.
of Risk Management. In addition, this policy is
also established in line with global market risk BTPN’s internal policy stipulates that the Bank
and liquidity risk of Sumitomo Mitsui Banking should not have trading book exposure in securities.
Corporation (SMBC) as BTPN is part of SMBC All securities owned by the Bank are categorized
group. as banking book, with the objective to maintain
them as liquid assets to be readily used at any time
209
The Bank’s market risk policies and procedures deemed necessary.
set clear rules and standards on all of the Bank’s

business activities, control, operational strategies Foreign exchange exposures conducted by the
and organization related to market risk. The Bank Treasury were mostly from FX swap transactions on
has the methodology with its clear and measurable funds obtained in foreign currencies.
steps to identify, measure and monitor market risk.
The measurement of exchange rate risk exposure
To ensure proper risk control, the Bank also checks is performed on the Bank’s net position. The Bank’s
and balances as well as segregates between the average net open position was below 1.0% of the
front office, middle office and back office, and capital, or far below Bank Indonesia’s maximum
the implementation of Three Lines of Defense threshold of 20.0% of capital.
framework, namely as follows:
• Head of Work Unit (first line of defense), The Bank performs mark to market process based
• Market and Liquidity Risk Management on the market price at the end of each day and
Department and Compliance Unit (second line of observe the market risk exposure on a daily basis
defense) as part of its risk mitigation, and ensures that the
• Internal Audit Unit (third line of defense) exposure does not exceed the limit set by the
Assets & Liabilities Committee (ALCO).
Setting market risk limits is reviewed periodically to
ensure compliance with business development as The calculation of risk-weighted assets for market
well as the current economic and market conditions risk and capital requirement on market risk exposure
based on the risk factors of exchange rate and is carried out based on the standard approach in
interest rate. accordance with prevailing regulations.
Risk Management
The table below shows the Market Risk Disclosure using Standardized Method.
Market Risk Disclosure using Standardized Approach

(in million Rupiah)

Stand Alone Consolidated Stand Alone Consolidated
No Risk Type
Capital Capital Capital Capital
RWA RWA RWA RWA
Charge Charge Charge Charge
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Interest Rate Risk
a. Specific Risk - - - - - - - -
b. General Risk 31,159 389,489 31,159 389,489 61,250 765,623 61,250 765,623
2 Foreign Exchange 8,960 111,994 8,960 111,994 2,936 36,702 2,936 36,702
Risk
3 Equity Risk - - - -
4 Comodity Risk - - - -
5 Option Risk - - - - - - - -
Total 40,119 501,483 40,119 501,483 64,186 802,326 64,186 802,326
210 Market risk management is carried out by reporting results of the daily monitoring and measurement of the market
risk limit set by ALCO. The Bank also routinely performs projection simulation of net interest income and earning
at risk in the ALCO and Risk Management Committee meetings.
Every year, or in the case a new feature or product emerge, the Bank validates the existing system measurement.
The current information system can facilitate revaluation process (mark to market), provide up-to-date information
on the Bank’s market risk exposure, and monitor the Bank’s market risk factor movement.
4. Internal Control System on Market Risk

Monitoring on Market Risk is conducted by ALCO and Risk Management Committee. The internal control
system has been effective in supporting the implementation of Market Risk Management. The Internal Audit has
conducted regular audits on the adequacy of policies, procedures, limits, as well as the tolerance and compliance
of every party related to the implementation of market risk management as per the Bank’s set audit plan.
Following is the organization structure of the market risk management:
Risk Management Committee (RMC)

and/or Asset Liabilities Committee
(ALCO)
2nd line defense

Risk Management Work Unit
1st line defense 3rd line defense
(Market & Liquidity Risk
Head of Work Unit Internal Audit Unit
Management/MLRM)
and Compliance
5. Disclosure of Interest Rate Risk in Banking Book Risk Management is responsible for measuring
The banking book exposure on the Bank’s assets and monitoring IRRBB on a regular basis to be
and liabilities are measured using a sensitivity reported to the Board of Directors and ALCO/
analysis based on the interest rate repricing gap KMR. Meanwhile, the business unit and Treasury
profile to calculate the impact of changes in interest are responsible for implementing the formulated
rate on the Bank’s net income using the Net Interest business strategy and hedging.
Income (NII) approach, and the impact of interest
rate change on the Bank’s capital, or by using the Quantitative Analysis
Economic Value of Equity (EVE) approach. Based on the IRRBB measurement results for the
position of December 2020, it can be seen that the
Interest Rate Risk in the Banking Book Bank’s highest EVE occurs in the Parallel Shock
Name of Bank : PT Bank BTPN Tbk (individual) Up scenario, which is Rp1.93 trillion (7.59% of
Report Position : December 2020 CET1). Meanwhile, from the NII perspective, in
the Parallel Shock Up scenario, the Bank’s NII is
Qualitative Analysis projected to decline by Rp0.22 trillion. This 4.67% of
IRRBB measurements are carried out using standard the Bank’s NII projection in the baseline condition.
methods in accordance with applicable regulations.
IRRBB Calculation Report
In managing IRRBB, the Bank has set a risk appetite Name of Bank : PT Bank BTPN Tbk (individual)
which is manifested in the form of an internal buffer Report Position December 2020
above the maximum EVE that must be maintained. Currency : Total in Rupiah
If the IRRBB level has approached or exceeds the 211
buffer figure, ALCO will decide on the business
strategy as well as the hedging strategy that must

be carried out to return the IRRBB figure to the
desired level.
Table of IRRBB Calculation Report

(in million Rupiah)
EVE NII
Dec 2020 Dec 2019 Dec 2020 Dec 2019
Parallel up -1,933,645,94 -2,210,846,30 -222,349,16 -329,180,67
Parallel down 1,719,818,96 2,003,276,83 149,765,59 256,428,97
Steepener 989,200,22 1,026,579,26
Flattener -1,439,994,25 -1,517,149,16
Short rate up -1,264,738,28 -1,460,321,70
Short rate down 1,201,801,82 1,455,309,01
Absolute Negative Maximum Value 1,933,645,94 2,210,846,30 222,349,16 329,180,67
Tier 1 Capital (for ∆ EVE) or Projected Income (for ∆ NII) 25,482,799,26 24,077,577,85 4,757,533,05 5,251,085,89
Maximum amount divided by Tier 1 capital (for ∆ EVE) or 7.59% 9.18% 4.67% 6.27%
Projected Income
(for ∆ NII)
Risk Management
C. Liquidity Risk 1. Liquidity Risk Management Framework

Liquidity risk is risk that may occur as a result from the The Bank uses control framework as clear and firm
Bank’s inability to fulfill its maturing obligations using its guidelines on the limitation in risk taking. Three key
cash flow and/or its high quality liquid assets that may components in this risk control framework are as
be placed as collateral, without disrupting the Bank’s follows:
activities and financial condition. a. Policies and Procedures: Establish clear rules
and standards on all of the Bank’s business
Liquidity risk is also related to the optimization of activitis, control, operational strategies
the balance sheet structure and the structural risk and organization related to liquidity risk
of dependency on certain funding sources. The management.
management of the Bank’s liquidity risk works towards b. Limit Exposure: Provide clear limit related to
managing liquidity risk in the perspective of both short- liquidity risk. Limit/Tolerance of liquidity risk is
term and structural. to be aligned with related regulations, global
policies and local policies in the Bank.
In the short-term perspective, liquidity risk is managed c. Delegation of Risk Authority: Ensure that
by optimizing cash flow based on contract and behavior, decision making on major risks is only to be
and by simulating Liquidity Coverage Ratio (LCR) taken by the individual or certain work unit with
through stress testing. In the long-term perspective, the approval from the Bank’s management
liquidity risk is managed through Net Stable Funding committee.
Ratio (NSFR).
2. Adequacy of Policies, Procedures, and Limit
212 Liquidity risk is managed structurally using indicators The Bank periodically reviews the adequacy of
stipulated by regulator, and internally managed based policies, procedures and limits of liquidity risk and
on ALCO’s decision as reflected in the balance sheet their suitability with risk appetite and business
structure and the maturity profile. strategy in line with business growth, transaction
complexity, as well as economic and market
conditions.
To effectively implement policies and procedures Identification is also performed each time potential
and set limits on liquidity risk, the Bank established risk increase arises, including interest rate risk,
clear division of duties, responsibilities, and well- credit risk, operational risk, legal risk, and risks due
defined authority among the units responsible for to new regulations of Bank Indonesia.
liquidity risk management, which are work units
with activities that are exposed to liquidity risk. The The Bank measures and monitors indicators of
Risk Management Directorate provides independent liquidity risk to identify potential liquidity issues
and objective input and analysis for liquidity risk through the Early Warning Indicators (EWI) that
identification, measurement, monitoring, and monitor the roll-over rate, replacement rate of
management processes. outgoing funds, interest rate applied to customers,
interest rate payable to customers and the money
The policies and procedures currently applicable market, and secondary reserve ratio. The Bank also
also regulate liquidity risk management in time of structurally measures liquidity risk, using such ratio
crisis by activating the contingency funding plan as the loan to deposit ratio (LDR), Macro-prudential
(CFP) and its implementation until the conditions Intermediation Ratio (RIM), as well as calculating
return to business as usual (BAU). outgoing funds and conducting stress testing.
3. Adequacy of Processes ini Risk Identification, Internal policies stipulate that the Bank shall always
Measurement, Monitoring, and Control, and Risk comply with such prevailing laws or regulations as
Management Information System the Statutory Reserve and the Liquidity Coverage
Liquidity risk identification is performed on all Ratio (LCR). The Bank has also implemented the
sources, including new banking products and Net Stable Funding Ratio (NSFR) since the year
213
activities, as well as significant growth in certain 2018.
funding sources and proceeds, be it in the form of

assets, liabilities, or administrative accounts.
Risk Management
Report Liquidity Coverage Ratio (LCR) per 31 December 2020:
Table Liquidity Coverage Ratio (LCR) Disclosure (LCR)

INDIVIDUAL
Report Date Position Report Date Position

(December 2020) (Desember 2019)
HQLA after haircut,

No Components HQLA after haircut,
outstanding
Outstanding Outstanding outstanding commitment
commitment and
commitment and commitment and and liabilities times run-
liabilities times run-off
liabilities/contractual liabilities/contractual off rate or contractual
rate or contractual
receivables receivables receivables times inflow
receivables times inflow
rate
rate
1 Total data used in LCR calculation 59 days 64 days
HIGH QUALITY LIQUID ASSET (HQLA)
2 Total High Quality Liquid Asset (HQLA) 27,584,910 22,351,479
CASH OUTFLOW
3 Retail deposits and deposits from Micro and Small 24,183,313 1,524,049 19,856,836 1,406,249
Business customers, consist of:
a. Stable Deposit/Funding 17,885,641 894,282 11,588,699 579,435
b. Less stable deposit/funding 6,297,672 629,767 8,268,137 826,814
4 Wholesale Funding, consist of: 45,965,974 22,777,278 49,036,096 23,498,122
a. Operational deposit - - - -
214 b. Non operational deposit and/or Other Non 45,965,974 22,777,278 49,027,285 23,489,311
Operational liabilities
c. Marketable securities issued by bank - - 8,811 8,811

5 Secured funding - -
6 Other cash outflow (additional requirement), consist 117,122,610 3,260,869 104,511,556 3,878,358
of:
a. cash outflow from derivative transaction 637,075 637,075 897,742 897,742
b. cash outflow from additional liquidity - - - -

requirement
c. cash outflow from liquidation of funding - - - -
d. cash outflow from disbursement of loan 14,023,897 2,073,385 10,431,686 1,838,166

commitment and liquidity facilities
e. cash outflow from other contractual liabilities - - - -

related to placement of funds
f. cash outflow from other funding related 102,285,304 374,075 92,562,427 522,748
contigencies liabilities
g. other contractual cash outlow 176,334 176,334 619,702 619,702
7 TOTAL CASH OUTFLOW 27,562,196 28,782,729
CASH INFLOW
8 Secured lending - - - -
9 Inflows from fully performing exposures 29,309,759 16,636,329 30,466,723 17,413,369
10 Other Cash Inflow 1,525,259 1,146,845 2,083,584 1,484,486
11 TOTAL CASH INFLOW 30,835,019 17,783,174 32,550,307 18,897,854
TOTAL ADJUSTED TOTAL ADJUSTED

VALUE1 VALUE1
12 TOTAL HQLA 27,584,910 22,351,479
13 TOTAL NET CASH OUTFLOWS 9,779,022 9,884,874
14 LCR (%) 282.08% 226.12%
Information:
¹ Adjusted value is calculated after haircut, run-off rate, inflow rate, and HQLA components maximum limit, for example, the maximum limit of HQLA is Level 2B and
HQLA is Level 2, and the determined maximum limit of cash inflow that can be calculated in LCR.
CONSOLIDATED
Report Date Position Report Date Position

(December 2020) (Desember 2019)
HQLA after haircut,

HQLA after haircut,
outstanding
Outstanding Outstanding outstanding commitment
commitment and
commitment and commitment and and liabilities times run-
liabilities times run-off
liabilities/contractual liabilities/contractual off rate or contractual
rate or contractual
receivables receivables receivables times inflow
receivables times inflow
rate
rate
59 days 64 days
33,572,778 27,494,459
28,084,454 1,765,552 23,416,171 1,621,832
20,857,871 1,042,894 14,395,693 719,785
7,226,583 722,658 9,020,478 902,048
49,211,489 24,865,211 52,471,071 25,625,876
- - - -
49,211,489 24,865,211 52,462,260 25,617,064

215
- - 8,811 8,811

- -
117,122,610 3,260,869 104,511,947 3,878,514
637,075 637,075 897,742 897,742
- - - -
- - - -
14,023,897 2,073,385 10,432,076 1,838,322
- - - -
102,285,304 374,075 92,562,427 522,748
176,334 176,334 619,702 619,702
29,891,632 31,126,223
- - - -
29,520,434 16,826,874 30,772,787 17,642,818
1,525,259 1,146,845 2,083,584 1,484,486
31,045,693 17,973,720 32,856,371 19,127,303
TOTAL ADJUSTED TOTAL ADJUSTED

VALUE1 VALUE1
33,572,778 27,494,459
11,917,912 11,998,919
281.70% 229.14%
Risk Management
ANALYSIS OF LIABILITY CALCULATION ON LIQUIDITY COVERAGE RATIO

Individual Analysis
The Individual Liquidity Coverage Ratio (LCR) of Bank BTPN in Quarter IV of 2020 was 282.08%. The LCR value in this quarter increased
by 55.97% compared to Quarter IV of 2019 which noted 226.12%. This increase was due to the increase in the high quality liquid assets
(HQLA) and the decline in the net cash outflow.
The Bank’s entire HQLA is HQLA level 1, consisting of cash and cash equivalent, placement in Bank Indonesia and securities issued by the
Government of the Republic of Indonesia or Bank Indonesia. While cash outflow projection is mainly from corporate customers, followed by
individual customers as well as micro and small scale enterprises.
The Bank continuously maintain the LCR ratio above the applicable provisions to maintain liquidity resilience.
Consolidated Analysis
Bank BTPN’s Liquidity Coverage Ratio (LCR) in consolidation with subsidiaries in Quarter IV of 2020 increased by 52.55%, at 281.70%. This
increase was also due to the increase in high quality liquid assets (HQLA) and the decline in net cash outflow).
Both the Bank and the subsidiaries fulfill the LCR provision to ensure liquidity resilience.
Table Individual Net Stable Funding Ratio (NSFR) Disclosure

Position of Report
(December 2020)
No ASF Component Carrying Value By Residual Maturity
No Specified ≥ 6 Months - < Weighted
< 6 Months ≥ 1 year
Maturity¹ 1 year Value
216 1 Capital: 29,359,936 - - 5,522,821 34,882,757
2 Regulatory Capital as per POJK KPMM 29,359,936 - - 5,522,821 34,882,757

3 Other capital instruments - - - - -
4 Retail deposits and deposits from micro 10,729,631 22,317,371 563,903 23,972 31,433,407
and small business customers:
5 Stable Deposits 10,270,376 12,588,663 333,379 3,358 22,036,154
6 Less Stable Deposits 459,255 9,728,708 230,524 20,614 9,397,253
7 Wholesale Funding: 14,978,002 54,829,695 305,995 25,892,710 42,867,177
8 Operational deposits - - - - -
9 Other wholesale funding 14,978,002 54,829,695 305,995 25,892,710 42,867,177
10 Liabilities with matching interdependent - - - - -

assets
11 Other liabilities and equity: 2,766,853 5,059,214 83 - -
12 NSFR derivative liabilities - - -
13 All other liabilities and equity not 2,766,853 5,059,214 83 - -

included in the above categories
14 Total ASF 109,183,341
¹ Components that shall be reported under termless category are components that do not have a contractual period, including:
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories
Position of Report
(December 2020)
15 Total NSFR HQLA 536,061
16 Deposits held at other financial institutions 894,072 - - - 447,036

for operational purposes
17 Performing loans and securities - 46,640,772 7,211,111 70,310,376 85,619,668
18 to financial institutions secured by Level - - - - -

1 HQLA
19 to financial institutions secured by - 5,842,042 1,967,589 9,882,596 11,742,697

non-Level 1 HQLA and unsecured
performing loans to financial institutions
Position of Report
(December 2020)
20 to non- financial corporate clients, - 37,813,165 4,926,687 57,888,937 70,575,523

retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other central
banks and pubic service entities, of which:
21 meet a risk weight of less than or equal to - 1,822,198 - 2,538,843 2,561,347

35% under SE OJK ATMR for credit risk
22 Unpledged residential mortgages, of - - - - -

which:
23 meet a risk weight of less than or equal to - - - - -

24 Securities that are unpledged, not in - 1,163,367 316,835 - 740,101

default and do not qualify as HQLA,
including exchange-traded equities
25 Assets with matching interdependent - - - - -

liabilities
26 Other assets: 4,484,081 4,592,555 179,165 5,867,526 10,775,036
27 Physical traded commodities, including - -

gold 217
28 Cash, securities and other assets posted - - - -
as initial margin for derivative contracts or

contributions to default funds of central
counterparty (CCPs)
29 NSFR derivative assets 29,925 29,925 29,925 29,925
30 20% NSFR derivative liabilities before 177,431 177,431 177,431 177,431

deduction of variation margin posted
31 All other assets not included in the above 4,484,081 4,385,199 179,165 5,867,526 10,567,680
categories
32 Off-balance sheet items 121,521,707 121,521,707 121,521,707 1,090,189
33 Total RSF 98,467,989

34 Net Stable Funding Ratio (%) 110.88%
Perpetual capital instruments, short position, open maturity position, current accounts, and equities that do not fall under HQLA and commodity categories.
ANALYSIS OF INDIVIDUALL NSFR

Name of Bank : Bank BTPN, Tbk (Individual)
Report Position : December 2020
Individual Analysis (Audited)

The Bank’s Individual Obligation to Fulfill the Ratio of Net Stable Funding Ratio (NSFR) during the month of December 2020 was 110.88% in
line with POJK No. 50/POJK.03/2017 on the Obligation to Fulfill the Net Stable Funding Ratio (NSFR) for Commercial Banks.
The Asset Stable Funding (ASF) value during the month of December was IDR 109.18 trillion, while the Required Stable Funding (RSF)
value during the month of December was Rp98.47 trillion. The increase in NSFR if compared to the previous period was mainly due to the
decrease in the value of the Required Stable Funding (RSF) which was higher than the decrease in the value of the Available Stable Funding
(ASF).
Bank BTPN continuously monitors and maintains the position of complying to NSFR related provisions and in its funding strategy has
considered the portfolio in terms of funding sources as well as the tenor based on its impact on NSFR.
Risk Management
Table Consolidated Net Stable Funding Ratio (NSFR) Disclosure

Position of Report
(December 2020)
1 Capital: 35,277,495 - - 5,522,821 40,800,316
2 Regulatory Capital as per POJK KPMM 35,277,495 - - 5,522,821 40,800,316
3 Other capital instruments - - - - -
4 Retail deposits and deposits from micro 12,726,824 25,219,001 576,418 23,992 36,042,445
and small business customers:
5 Stable Deposits 12,186,842 14,440,950 340,893 3,378 25,623,629
6 Less Stable Deposits 539,983 10,778,051 235,524 20,614 10,418,816
7 Wholesale Funding: 15,005,207 59,864,463 313,145 25,892,710 44,163,896
8 Operational deposits - - - - -
9 Other wholesale funding 15,005,207 59,864,463 313,145 25,892,710 44,163,896
10 Liabilities with matching interdependent - - - - -

assets
11 Other liabilities and equity: 3,556,471 5,059,214 83 - -
218 12 NSFR derivative liabilities - - -
13 All other liabilities and equity not 3,556,471 5,059,214 83 - -

included in the above categories
14 Total ASF 109,183,341

Position of Report
(December 2020)
15 Total NSFR HQLA 654,072
16 Deposits held at other financial institutions 921,793 - - - 460,896

for operational purposes
17 Performing loans and securities - 49,337,560 12,360,468 73,087,048 91,420,543
18 to financial institutions secured by Level - - - - -

1 HQLA
19 to financial institutions secured by - 5,842,042 1,970,223 9,888,195 11,749,612

non-Level 1 HQLA and unsecured
performing loans to financial institutions
20 to non- financial corporate clients, - 40,288,851 10,073,411 60,483,095 76,108,553

retail and small business customers,
government of Indonesia, other
sovereigns, Bank Indonesia, other central
banks and pubic service entities, of which:
21 meet a risk weight of less than or equal to - 1,822,198 - 2,538,843 2,561,347

22 Unpledged residential mortgages, of - - - - -

which:
23 meet a risk weight of less than or equal to - - - - -

24 Securities that are unpledged, not in - 1,384,469 316,835 176,916 1,001,030

default and do not qualify as HQLA,
including exchange-traded equities
25 Assets with matching interdependent - - - - -

liabilities
Position of Report
(December 2020)
26 Other assets: 4,484,081 4,592,555 179,165 6,376,548 11,284,058
27 Physical traded commodities, including - -

gold
28 Cash, securities and other assets posted - - - -

as initial margin for derivative contracts or
contributions to default funds of central
counterparty (CCPs)
29 NSFR derivative assets 29,925 29,925 29,925 29,925
30 20% NSFR derivative liabilities before 177,431 177,431 177,431 177,431

deduction of variation margin posted
31 All other assets not included in the above 4,484,081 4,385,199 179,165 6,376,548 11,076,702
categories
32 Off-balance sheet items 121,521,707 121,521,707 121,521,707 1,090,189
33 Total RSF 104,909,758

34 Net Stable Funding Ratio (%) 115,.34%
219
ANALYSIS OF CONSOLIDATED NSFR
Name of Bank : Bank BTPN, Tbk (Konsolidasi)

Report Position : Quarter IV 2020
Individual Analysis (Audited)

The Bank’s Consolidated Net Stable Funding Ratio (NSFR) by the end of the year 2020 was 115.34% in line with POJK No.50/POJK.03/2017
on the Obligation to Fulfill the Net Stable Funding Ratio for Commercial Banks.
The Asset Stable Funding (ASF) value during the month of December was IDR 121.01 trillion, while the Required Stable Funding (RSF)
value during the month of December was Rp104.91 trillion. The increase in NSFR compared to the previous period was mainly due to the
decrease in the value of Required Stable Funding (RSF) which was higher than the decrease in the value of Available Stable Funding (ASF).
Bank BTPN continuously monitors and maintains the position of complying to NSFR related provisions and in its funding strategy has
considered the portfolio in terms of funding sources as well as the tenor based on its impact on NSFR.
The management of liquidity risk is carried out by For every certain exceeding or risk event, the
reporting the results of monitoring on the Early Risk Management Unit communicates with and
Warning Indicators (EWI) and Liquidity Risk Limit requests or a follow-up from the relevant business
on a daily basis. The Bank also periodically reports units, including by forwarding the issue to higher
the conditions and developments of liquidity key management level.
risk indicators at the ALCO and Risk Management
Committee meetings. The information system currently in use can present
information on liquidity condition on a daily basis
The Risk Management Directorate, through for the purpose of liquidity risk measurement,
the Market & Liquidity Risk Management Unit, monitoring and control.
monitors liquidity risk indicators, funding sources
and proceeds, and liquidity positions which 4. Internal Control System of Liquidity Risk
cover interest rate setting strategies, changes in Monitoring of liquidity risk is conducted by ALCO
customers’ behavior, including changes in funding and the Risk Management Committee. Liquidity
source structure and volatility. risk management is also carried out by preparing
contingency funding plan to anticipate unfavorable
liquidity situations occuring. The internal control
system has been effective in supporting the
Risk Management
implementation of liquidity risk management. The Internal Audit has performed routine audits on the adequacy of
policies, procedures, limits, and applied tolerance and compliance of every related party in accordance with the
Bank’s set audit plan.
Risk Management Committee (RMC)

and/or Asset Liabilities Committee
(ALCO)
2nd line defense

Risk Management Unit
1st line defense 3rd line defense
(Market & Liquidity Risk
Head of Work Unit Internal Audit Unit
Management/MLRM)
and Compliance
220
D. Operational Risk 2. Adequacy of Policies, Procedures, and

Operational risk is defined as the risks of loss resulting Determination of Limits

from inadequate or failed internal processes, people, Operational Risk Management unit is responsible
systems failure or external events that impacted to the in making and developing Operational Risk
bank’s operational activities. Management policies and procedures. These
policies and procedures are reviewed periodically,
1. Operational Risk Management Governance taking into account any significant changes, both
The Board of Commissioners and the Board internally and externally. Each working unit must
of Directors actively supervise operational risk comply to operational risk management policies
management through various committees such and procedures in carrying out its day-to-day
as the Risk Monitoring Committee and the Risk operational activities. The Bank also has a system
Management Committee which are carried out and limits to support general and specific controls,
periodically according to their respective terms such as segregation of duties and responsibilities,
of reference to discuss operational risks and its mandatory annual leave, reconciliation and others.
implementation, authority and responsibilities.
3. Adequacy of the Identification, Measurement,
ORM (Operational Risk Management) unit, which Monitoring and Risk Control Processes as well as
has a direct reporting line to the Risk Management Risk Management Information System
Director, is responsible for operational risk Operational risk identification is carried out for
management. The Bank has formulated and all activities / processes, products, systems and
determined the level of operational risk sufficiently organizations. A part from being carried out on
in line with the objectives and business strategy of the Bank’s new initiatives, risk assessments are
the Bank as a whole. The level of operational risk is also carried out on developments or changes.
translated into the operational risk appetite which is The operational risk identification process is also
documented in the Operational Risk Management equipped with operational risk management tools
Framework. including Risk Grading Matrix, Risk Registration,
KORI (Key Operational Risk Indicator), and Risk
Acceptance.
The risk measurement process includes periodic 5. Fraud Risk Management
self-assessment through KCSA (Key Control Self The Bank has adequate policies and procedures of
Assessment), analysis of operational events and anti-fraud strategies which which continues to be
losses, implementation of inspection activities refined. Fraud risk management is systematically
by ICR, measurement of Key Operational Risk handled through a number of processes/strategies.
Indicators (KORI), preparation of operational risk
appetite which is reported periodically in meetings in Regarding of the process of fraud risk prevention,
Risk Management Committee (RMC) meeting. the Bank has implemented a risk awareness,
anti-fraud awareness and The signing of the
Operational risk monitoring is carried out through integrity pact by the Board of Directors, Board of
reporting to senior management and regulators, Commissioners, and all employee. Adjustment made
either regularly or ad-hoc, including reporting of to the policies and procedures related to anti-fraud
significant incidents through SINP (Significant strategies so that it remains in accordance with the
Incident Notification Protocol). SINP implemented latest conditions including anti-fraud strategies to
so that any problems that occur can be immediately remain in accordance with the current conditions,
followed up. and do risk assessment each proposed initiative,
product and Bank activities, both new and in
Operational risk control is also carried out by development. Anti fraud awareness socialization
implementing effective prevention, detection is done through several media, namely through
and correction control mechanisms and / or e-newsletter broadcasts, email broadcasts ,PC/
providing adequate insurance to minimize the laptop desktop wallpapers, standing acrylics,
impact of operational losses for the Bank. As comic strips on B-Connect, BTPN Info, anti-
221
one of the control measures, Bank already has a fraud animated video broadcasts, additional
comprehensive guidelines for Business Continuity information on whistleblowing services on the

Management which refer to the industry standard Bank BTPN website that can be used to reporting
ISO-22301 which is tested regularly. fraud incidents, conducting mandatory anti-fraud
assessments through e-learning, implementing anti-
Operational Risk Management System (ORMS) is fraud declarations through e-learning and anti-fraud
provided to presents accurate, timely and up-to- awareness delivered in in-class training and online
date information needs to facilitate analysis and training to employees.
decision making.
In line with the prevailing anti-fraud strategy, Bank
4. Internal Control System for Operational Risk also continues to continuously disseminate reports
Internal control over operational risk is carried out on fraud indication events through whistleblowing
through three lines of defense model. In the first channel as one of media used for detecting fraud
line of defense, the Risk Taking Unit (RTU) assisted incidents, which is periodically communicated to
by Business Risk / ICR carries out day-to-day all employees through the Bank’s various internal
operational risk management. In the second line media. Through whistleblowing channel as one of
of defense, the ORM unit is tasked with identifying media used for detecting fraud incidents: e-mail
and measuring inherent risks and ensuring the channel (Speak Your Mind, Ayo Laapor), Whatsapps,
adequacy of the control mechanisms that have been Phone, Letter and face to face an employee may
implemented. also uncover and report any misconduct.
In the third line of defense, Internal Audit is Bank also has adequate policies related to
independently responsible for ensuring that the investigation and reporting process of fraud
residual risks are still within the limits that can be incidents. For every proven fraud case, the
tolerated by the Bank. process of passing a sanction is decided by the
Fraud Committee involving the relevant work units,
Alignment process between the parties responsible related Business Risk/ICR Functions, Human
for the Bank’s internal control practices is carried Capital unit and the Anti-Fraud Management (AFM).
out on a sustainable basis through a standardize Implementation of the Fraud Committee’s decision
ICR Maturity Self-Assessment and forums which is regularly monitored and evaluated to determine
organized by ORM unit to facilitate ICR function. future improvements.
Risk Management
Quantitative Operational Risk Disclosure - Bank Stand Alone

(in million Rupiah)
No Aprroach Gross Income Gross Income

Capital Capital
(average 3 RWA (average 3 RWA
Charge Charge
years) years)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 8,451,193 1,267,679 15,845,987 7,293,907 1,094,086 13,676,076

Total 8,451,193 1,267,679 15,845,987 7,293,907 1,094,086 13,676,076

Quantitative Operational Risk Disclosure - Consolidated Bank and Subsidiary
(in million Rupiah)
No Aprroach Gross Income Gross Income

Capital Capital
(average 3 RWA (average 3 RWA
Charge Charge
years) years)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 12,441,111 1,866,167 23,327,084 9,819,730 1,472,960 18,411,994

Total 12,441,111 1,866,167 23,327,084 9,819,730 1,472,960 18,411,994
222
E. Legal Risk 2. Adequacy in Policies, Procedures and Limit

Legal risk is risk resulting from legal claim and/or The Legal & Litigation Division has the policies,
weakness in judicial aspect and aims to ensure that procedures and limitation of authority over its work
legal risk management process can minimize potential function. There is Legal Risk Review on transactions
negative impact from such weakness in judicial that are material in nature conducted by the Legal &
aspect, in the absence and/or changes in the laws and Litigation Division, so that potential legal risk may be
regulations as well as the litigation process. anticipated and mitigated from the beginning of the
transaction, for example, the requirement of using
1. Legal Risk Management Framework standard draft agreement.
The Compliance & Legal Director is an independent
director, who is not supervising over the business 3. Adequacy of Processes in Risk Identification,
and operation units, nor such other units as the Measurement, Monitoring, and Control, and Risk
treasury, finance, internal audit. For that reason, the Management Information Systems
Legal and Litigation Division independently provides The Board of Directors and the Board of
legal opinion by putting attention on prevailing Commissioners unceasingly supervise all of the
laws and regulations in Indonesia without being Bank’s matters/cases, through such mechanisms as
influenced by other work units. follows:
• Legal Weekly Report to the Compliance & Legal
The Legal and Litigation Division also provides Director
legal services, in writing or verbal in the form of • Legal Monthly Report to the General Council,
legal opinion, legal document examination, drafting Compliance & Legal Director and the Board of
of legal document, legal information research, Commissioners
legal accompaniment. In addition, provide legal • Legal Quarterly Report to the Board of
assistance on litigation and/or legal dispute Commissioners
handling with Alternative Dispute Resolution (ADR) • Ad Hoc Report to the Board of Commissioners
mechanism. (if any).
Although such regular reports are managed,

however, the General Council may readily provide
report or verbal opinion at any time required, for an
emergency decision making by initially coordinating
with the Compliance & Legal Director.
The organization of the legal risk management is as
follows:
Compliance & Legal Director
General Counsel
Legal Function in
Litigation Head Legal Head Transaction Legal
Business Banking
Sr. Legal Legal Policy &

Sr. Litigation Litigation Legal Counsel
Counsel Support
F. Strategic Risk c. General Audit policies as guidelines for the

Strategic Risk is risk resulting from the inaccuracy of Bank’s Internal Audit.
decision making and/or implementation of a strategic
decision as well as from the failure in anticipating While strategic risk procedures related to the
223
changes in the business environment. setting of procedures and limits are referred to the
guidelines setforth under applied policies. The set

1. Strategic Risk Management Framework strategic risk limit may cover risks resulting from
The Strategic Risk Work Unit plays a role in strategic deviation of the strategic plans due to deviation of
risk management and is under the active supervision the budget and the target time of completion.
of the Board of Commissioners and the Board of
Directors. The strategic risk working group includes 3. Adequacy of Processes in Risk Identification,
all business lines and support units that work closely Measurement, Monitoring, and Control, and Risk
with the Investor Relations Division of the Finance Management Information Systems
Directorate in analyzing and monitoring strategic Identification of strategic risk is the result from
risk. review of the risk characteristics. In identification
process, the Bank always record and organize the
The Bank continuously conduct reviews of strategic efforts of each strategic risk data and potential loss
issues that emerge as a result from changes resulting from non-actualized or implementation
occurring in the operation areas and in the business ineffectiveness of the set business strategies and
environment that cause negative impact on the plans, especially that cause signficiant impact on
Bank’s business or financial conditions. All of the the Bank’s capital.
strategic implementation is developed periodically
following evaluations and adjustments. The Bank’s strategic risk management information
system covers the following activities:
2. Adequacy in Policies, Procedures and Limit a. Present the need for accurate, on-time and
The Bank has policies and procedures that regulate updated information.
the processes of formulating and preparing the b. Support the management function for easier
Bank’s Business Plan which incudes reviews on process of planning and decision making.
strategic directives and key activities to support the c. Fulfill the availability of data in accordance with
implementation of the set strategies. the Bank’s business plan.
d. Support the implementation of audit footprints
The Strategic Risk Management Policy covers the on strategic risk events data in managing and
following: reporting as well as documenting each strategic
a. Policies related to strategic risks as guidelines risk event for potential loss projection of certain
for strategic control function. period
b. Strategic risk management includes mitigation
of possible negative impact resulting from the
inaccuracy of strategic decision making and
failure in anticipating changes in the business
environment.
Risk Management
4. Internal Control System for Strategic Risk assessment on the implementation of the Bank’s
The Bank has an internal control system for strategic Compliance Function at least 2 (two) times in a year
risk management by periodically monitoring the (semester).
Bank’s performance, both in terms of quantitative as
well as qualitative. The Bank continuously assures the implementation
of Compliance Function and governance in
G. Compliance Risk subsidiary, BTPN Syariah, is adequately executed in
Compliance risk is a risk that is caused by the Bank’s in line with OJK regulations related to the Application
carrying out its business activities do not comply and/ of the Integrated Governance for Financial
or do not implement the prevailing laws and regulations Conglomerates.
1. Compliance Risk Management Framework 2. Adequacy of Policies, Procedures, and Limit

Bank has the Compliance Policies and Procedures The Bank has policies and procedures, including
as the base infrastructure in conducting Compliance the APU PPT Policy and Procedure as basic
Function. Review and refinement of the Bank’s infrastructure in the implementation of compliance
Compliance Policies are performed sustainably, function management used as guidelines in the
among others, in line with the issuance of new implementation of the Bank’s compliance function.
regulations from Financial Services Authority Review and refinement are sustainably conducted
(OJK), Bank Indonesia (BI) as well as other laws on the concerned policies ad procedures in order
and regulations and provisions of Sumitomo Mitsui to ensure compliance to prevailing regulations,
Banking Corporation (SMBC) as the Bank’s majority including the refinement of forms used in the
224 and Controlling Shareholder. implementation of APU & PPT.
The Board of Directors continues to supervise the 3. Adequacy of Processes in Risk Identification,
implementation of the Compliance Function, which Measurement, Monitoring, and Control, and Risk
among others are conducted through the following Management Information Systems
mechanisms: Compliance Risk Management is sustainably
• Report (monthly) to the Compliance & Legal implemented through the processes of risk
Director on the implementation of duties and identification, measurement, monitoring and control
responsibilities of the Compliance Unit to ensure the Bank’s compliance to prevailing laws
• Report (quarterly) to the President Director and regulations as follows:
and the Board of Commissioners on the • Compliance Risk identification process, among
implementation of duties and responsibilities of others is carried out through assessment
the Compliance & Legal Director on the policies, procedures as well as new
• Report (periodically) on results of monitoring of products/activities and their development as
compliance risk to the Board of Directors (BoD) well as corporate actions to be taken, including
at the BoD meeting forum and to the BoC at the transactions that must be approved by the
BoD and BoC meeting forum, as well as at the Credit Committee.
Audit Committee meeting. • Compliance Risk Measurement process is
carried out through the self-assessment on
In addition, the Board of Directors has approved Compliance Risk as part of the Bank’s risk
the Compliance Policies and Procedures as base profile that periodically performed
infrastructure in the implementation of Compliance  
Function which will be used as guidelines for the As a subsidiary of the SMBC Group, compliance
Bank’s Compliance Function. risk measurement process is carried out through
the implementation of a Compliance Risk
In fulfillment to OJK Regulation No. 46/ Assessment (CRA) and Compliance Self Review
POJK.03/2017 on the Implementation of (CSR) based on the provisions of SMBC as the
Compliance Function of Commercial Banks, majority shareholder as well as the Controlling
the Board of Commissioners has conducted Shareholder of the Bank as well as other relevant
laws and regulations.
• Process of Monitoring Compliance Risk is 5. Disclosure of risk exposure and implementation of
done through reviewing the suitability Bank risk management in the year 2020:
policy with applicable regulations, fulfillment Assessment on compliance to regulations
of Prudential Parameters, submission of During the year 2020, the Bank maintained
regulatory reporting to OJK/BI and other relevant compliance fulfillment to OJK, BI and other
authorities, follow up OJK/BI Findings prevailing regulations, among others with achieving
• The process of Compliance Risk Control is the following:
carried out through, among others, periodic • The Bank’s Soundess Rating based on Risk
review of Compliance Policy and Procedure, Based Bank Rating/RBBR for the position of
follow up on external/internal audit results. December 2020 was ranked 2 (Healthy).
• Implementation of the Bank’s compliance • Fulfillment of Regulatory Parameter includes the
function is periodically and sustainably reported following:
to the Compliance & Legal Director and the - Minimum Capital Adequacy Ratio (CAR),
President Director with a copy to the Board of including Leverage Ratio above prevailing
Commissioners as well as to the Meeting forum stipulation.
of the Bank’s BoD, BoD and BoC meeting forum - No violation or exceeding Legal Lending
as well as at the Audit Committee meeting. Limit (LLL)
  - Net NPL below 1%
- Statutory Reserve (GWM) in both Rupiah
4. Internal Control System for Compliance Risk and Foreign Currency at above prevailing
The Bank has an adequate internal control system to stipulation.
ensure compliance with OJK and BI as well as other - Fulfillment of Net Foreign Exchange Position 225
regulations. Report on compliance implementation (PDN) is in line with prevailing provision.
is periodically submitted to the Board of Directors - Fulfillment of Net Stable Funding Ratio and

and the Board of Commissioners. Liquidity Coverage Ratio is above prevailing
provision
The Bank continuously ensures Compliance • Establishing capital surcharge in accordance
Function and governance of the subsidiary, BTPN with OJK regulation in line with Bank BTPN’s
Syariah, is adequately implemented in line with provisions as a Systemic Bank.
OJK regulation related to the Implementation of the • Majority in fulfillment of follow-up commitment
Integrated Governance for Financial Conglomerates. on OJK audit result is fulfilled according to the
predetermined target settlement time.
The organization of the Compliance Risk
Management is as follows.
Compliance & Legal Director
Compliance Head
Compliance Reporting & Compliance Policy &

Compliance Advisory
Regulatory Relation Training
Risk Management
H. Reputation Risk 1. Adequacy of Policies, Procedures and Limit

Bank BTPN’s reputation is a very important asset for The Bank’s risk profile, Individual and Consolidated,
the continuity of the business. For that reason, every as of Quarter 3 - 2020, is at level 2 (Satisfactory).
activity of conveying message to external parties, either
involving the mass media or not, which may affect the 2. Adequacy in the Processes of Risk Identification,
reputation of the company must be coordinated with Measurement, Monitoring and Control, as well as
Corporate Communications within the Communications Risk Management Information System
& Daya Division. Referring to Crisis Communication Manual, the
Communications & Daya Division is responsible
Referring to SOP.01/CCOM/03/2018, Corporate for reputation crisis communication at the head
Communications, a unit under the Directorate of Legal, office and assigns the person/party in charge
Compliance & Corporate Secretary, has the main of the regional reputation crisis communication.
function to manage the company’s reputation, by means Communications & Daya division provide support for
of conducting communication activities (delivering all aspects of external and internal communication,
information) to internal and external parties. starting from planning to implementation, monitoring
and evaluation of the communication process at
The main duty and function of the Corporate time of reputation crisis.
Communications is to manage the company’s reputation
through effective and efficient communication activities The main tasks during a situation of reputation
in line with the company’s strategy, vision, mission crisis, include the following:
and values. Related to the main function to manage - Prepare communication strategy and tactics;
226 company’s reputation, Corporate Communications - Design and prepare main messages;
is responsible and plays the role as the main party in - Consider the communication channels to use;
conveying interenal and external information. Corporate - Determine the spokesperson and the person in
Communications also perform control and monitoring charge of communication;

functions of Bank BTPN overall communication - Conduct coordination with the designated
activities in general, and in specifics which are person in charge of communication and
performed by every business units and support function spokesperson;
units. - Conduct intensive communication function to
external and internal parties;
- Manage requests for information or interviews
with the media;
- Conduct monitoring and assessment of
communication effectiveness.
3. Internal Control System of Reputation Risk
Referring to SOP.01/CCOM/03 /2018, Corporate
Communications bears the main duty and function
to manage the Bank’s reputation, by means of
effective and quality communication programs, to
support the Bank’s activities, so that the Bank’s
vision and mission are achieved. Corporate
Communication SOP becomes the guidelines
in managing the Bank’s reputation through
communication programs and activities conducted
by Corporate Communications.
To optimize the function and role of Corporate

Comunications, all programs and activities of
delivering information conducted by Corporate
Communications must refer to prevailing regulations.
Among others are the laws and regulations of
related government institutions, policies and
regulations of Bank BTPN, Standard Operating
Procedures of Corporate Communications, other
related regulations and provisions, as well as the
principles of Good Corporate Governance. 227
Corporate Communications is a unit under the

supervision of the Directorate of Legal, Compliance
& Corporate Secretary which consists of the
following functions:
1. External Communication;
2. Internal Communication;
3. Corporate Brand & Activation
BUSINESS
SUPPORT
REVIEW
230 Human Resources
and Operations
240 Operations
Three lines of business support: Human

Resources, Technology and Information
as well as Operations, provide maximum
support in achieving BTPN’s performance in
all business segments. Therefore, in 2020, the
Bank’s performance remained maximum even
in the midst of the COVID-19 pandemic.
Business Support Review
Human Resources
Number of HR Training
Hours In the 2020 financial year, BTPN
has implemented training and
240,305 competency development
for employees. This activity
is carried out periodically
every year, so that the human
resources who are the
supporting or important organs
230 in achieving the Bank’s goals
are able to provide maximum
contribution to the Company.
HUMAN RESOURCE POLICY IN 2020 employee engagement program. Due to
S
everal primary initiatives have been COVID-19 pandemic all programs activities are
implemented by Human Capital function in carried-out virtually and online inline with the
year 2020 as follows: digitalization plan of Human Capital function.
1. Continuous effort on stabilizing organization and c. The optimization of organization function
optimization the organization functions post-merger becomes one of the efforts to support the
a. Human capital function in collaboration with fluency of integration process post-merger.
other related functions ensure that cultural Initiatives that focus on excellence process,
integration program is well in placed through the automation process and digitalization that
implementation of work procedure assessment impacted towards the merger of several
in Human Capital function and following the functions have been in-placed.
stipulated rules d. In line with digitalization initiatives and in
b. The execution of cultural integration and response towards COVID-19 Pandemic, the
leadership programs in all areas of the Bank has changed some of the talent programs
organization through vision mission and and training program from conventional to
values program being well communicated to digital, virtually at large.
all staff through several management visits to
branches, formation of change agents and the
implementation of programs that will elevate
231

2. Recruitment and staff competency development a. Management Trainee program that is designed
through soft and hard competency continues to be to prepare future leaders of BTPN which called
done especially on the new business area that is Corporate Acceleration Program (CAP) batch 4.
focused to be developed in line with Bank’s strategy b. Management Trainee Program that is designed
and also in technology areas specifically to develop talents in certain business
a. Recruitment process to fulfill human resources in areas among others in IT area called Creative
the Bank whether it is for business needs or for Hacknology Intensive Program (CHIP) Batch
replacement continues to be done throughout 5 and 6 and in Retail Banking area through
the year 2020. Relationship Manager Development Program
b. Training realization is focus on the development (RMDP) batch 3.
of competency to support business. In this c. Aside from management trainee program and
pandemic situation, the training for employees is in line with the implementation of Employee
designed to prepare staff to face the new normal Value Proposition (EVP) program to elevate the
habit including new way of working. collaboration with SMBC Group, currently the
bank is preparing a collaboration program with
3. Bank continues to focus on the management SMBC APAC to give International exposure for
process of Talent Management. Several programs selected talents of the Bank through training,
is designed in such a way to give birth to future global project or job placement in several units
leaders in several layers of the organization. The in SMBC overseas branches.
programs among others:
232
STRATEGIC PLAN IN 2021 3. To support business synergy and to reach growth

Referring to company initiative strategies to level in the future, innovation in Human capital
continuously uphold stability of the organization and related to product, service and initiatives will be
to create synergy between the current functions done. These covers strengthen EVP (Employee
and businesses, Human Capital of BTPN focus on Value Propositions), Assessing employee’s benefit,
optimizing the utilization of the available human Assessing the implementation of the new Way of
resources and to continuously develop Human Capital Working, Assessment on competency model and
functions on an ongoing basis and to continuously career path, and the implementation of Employee
support the growth of the organization in the future. The Engagement program
Human Capital strategies focus will be cascaded down 4. To support the achievement Human capital
into 4 main strategies such as: initiatives, the process, technology and supporting
1. Strengthen the current initiative to support the tools, especially technology in Human Capital must
organization. Besides starting the initiatives of be renewed and enhanced.
program implementation, Human capital will
also collaborate with other related functions to
strengthen the synergy in the whole organization
2. In the area of Talent Management and Development,
Human Capital function will focus on the effort
to preserve key talents (employees that hold key
performance function) and also to focus on the
preparation of future talents
RECRUITMENT
In 2020 we have recruited 634 employees to join BTPN. The recruitment
process has gone through several channels including the BTPN career
website, job search sites, and collaboration with several universities to get
the best talents and provide equal and broad opportunities for prospective
employees. However, certain positions is intended for internal employees,
with the intention of providing BTPN employee development opportunities.
COMPETENCY DEVELOPMENT
In the year 2020, BTPN has actualized training and competency
development programs for employees. Such activities are held periodically
each year, consequently human resource becomes an important support
or organ of the Bank in achieving its goals and is capable of maximally
contribute to the Company.
Such competency development program is joined by employees from the

highest to the lowest level of the organization. The average total investment
actualized by the Bank for each employee in this respect reached Rp8
million per person.
Details of realization of the training programs is disclosed in the section

on “Company Profile” of this Annual Report. While the total accumulated 233
amount is displayed in the table below.

REALIZATION OF THE COMPETENCY DEVELOPMENT PROGRAM
Description Unit 2020 Realization
Number of Training Programs Full unit 281
Number of Participants Person 87,970
Total Man-days Day 30,038
Total Training Investment Rp million 71,070
Average Training Investment per Employee Rp million 9,6

Total Training Hours Hours 240,305
Information Technology
and Operations
In 2020, BTPN’s information technology

development, among others, was focused on
consolidating the Bank’s core applications following
the merger. At the same time, the Bank also
improves customer user experience in using the
Bank’s digital services. This is in line with the focus
of the Operations functions which emphasizes
234 activities on improving branchless services.
B
ank BTPN realizes that information 3. Expanding the use of the Bank’s API and Micro-
technology (IT) currently plays a very services, including developing the capability to
important role in support of the Bank’s manage and control the construction and use of API
operational activities and business growth. in order to collaborate with various partners.
For this reason, the Bank’s primary product of digital 4. Develop the digital servicing hub that produces
banking continues to be developed. all information related to customers’ profiles,
transaction history, and interaction history of each
In the year 2020, BTPN’s IT Directorate focused on relation between customers and the bank accessible
the new IT Strategic Planning (ITSP) set for the years bank-wide and in real-time allowing the integrated
2020-2022. This was a response to the Bank’s business servicing strategy (CRM, marketing and sales)
merger. Details of activities during the fiscal year between business lines. The Bank is currently in the
include the following: phase of selecting the solution.
1. The Bank’s core consolidated application which 5. Continue the improvement of data management
covers the core banking system, support application and data management capabilities on existing data
to the corporate banking function and other non- lake as well as the data warehouse infrastructure to
core banking applications in the effort to simplify the ensure the quality and data consistency in providing
application architecture of post-merger. on-time and accurate information.
2. Empowerment of the digital platform on the various
products and channels in the framework of creating
a uniform digital platform architecture that maintains
dependable services providing consistent and
impeccable customers’ experience.
235

6. Conduct expansion of infrastructure modernization Nevertheless, throughout the year 2020, some challenges
and possessing the monitoring system to maintain were faced by the Bank’s IT management. Firstly, those
the reliability and availability of IT services. related to the COVID-19 pandemic. Improvements in
Development of automation infrastructure will also the collaboration among the teams as well as with the
take place to obtain higher speed and efficiency in stakeholders and customers have been constrained.
providing the infrastructure for computation, storage
and network. In facing the challenges in this respect, the IT Team
7. Conduct development and update systems related maintained good communication that helped reduces
to regulation (including reporting to regulator) in inaccurate interpretations or assumptions. In addition,
accordance with the needs required by regulator. the daily standup and daily checkout programs as well
8. Conduct development of a new system related as information transparency have supported efforts to
to credit card services to customers in order to manage COVID-19 challenges and Work From Home
increase the types of services to be offered to were able to be extended.
customers.
9. Continue the implementation of customers’ The next challenge was in providing explanation
verification by utilizing biometric technology. and transparency of information to the Bank’s new
management after the merger, regarding the IT
In addition, the Bank also ensures services related to transformation Especially with regard to work methods,
compliance, such as with AML (Anti Money Laundering) investment and support, this is done so that IT
and E-KYC (Electronic Know your Client), can be development is in line with BTPN’s tactical goals and
implemented consistently and steadily. All of Bank strategic objectives.
BTPN’s service channels also adopt such provisions
related to such compliance.
VISION AND MISSION OF THE INFORMATION TECHNOLOGY DIRECTORATE
Vision
To be the best innovative
solutions provider,
Mission
To make life easier for all
delivering distinct stakeholders through the creation of
experience. valuable services.
IT MANAGEMENT ORGANIZATION
The execution of information technology activities within the Bank’s environment is managed by the Information
Technology Directorate that reports directly to the President Director. Below is the organization structure effective up
to the year 2020.
236
PRESIDENT DIRECTOR
Head of Information Technology
Executive
Secretary to Head IT Strategy & IT Business IT Digital Service IT Transaction IT Data IT Special Project
of Information Planing Head Enablement Head Enablement Head Management Head Management Head (2x)
Technology
HUMAN RESOURCES (HR) To manage this, the IT and the Human Capital
Becoming the first bank with digital capabilities and Directorates jointly conduct the CHIP (Creative
providing digital banking solutions, Bank BTPN must Hacknology Intensive Program) so that IT talents can
prepare its human resource of quality. Nevertheless, in sustainably enhanced. Included in the program, is the
this respect, one of the challenges faced is the number development of digital talents for other areas so that
of human resource in the IT department within the transformation may be carried out continuously. For
Bank’s environment are becoming the professionals example, on such areas as DevOps, Data Engineer,
more and more sought-after by the financial and Agile Leadership, and others.
information technology industries.
Until the end of year 2020, the number of employees in the Information Technology Directorate totaled 426 personnel
within 6 (six) organization:
Organization Responsibility Total (Employees)
IT Business Enablement IT solutions for users (Line of Businesses) 55
IT Digital Service Enablement IT solutions that may be shared bank-wide and focused on providing digital 202
assets (APIs/Microservices)
IT Transaction Management Infrastructure operations and provide IT services to users 130
IT Strategy & Planning IT strategy and planning, governance, risks, vendor management and IT budget 39
management
IT Data Management Bank’s data availability and management and operation 27
IT Special Project Implementation of the bank’s initiative top priorities, including the Core Banking 3
Consolidation, AML/KYC and Digital SME.
To support the performance of the Bank’s Information INFORMATION TECHNOLOGY
Technology human resources, the IT Directorate also GOVERNANCE
conduct competency development. In the year 2020, Implementation of information technology (IT)
the policy in this area is to optimize the use of UDEMY, governance in BTPN must be in line with the Bank’s
Coursera and other online e-learning media. and the parent company’s (SMBC Group) plans. Surely
also by taking into account the compliance to prevailing
Several sharing and internal learning programs regulations of the regulator of both the financial sector
actualized during the 2020 fiscal year. as well as the government.
IT CERTIFICATION Implementation of such governance policy is conveyed

To ensure quality standard information technology in the IT Strategic Planning (ITSP – IT Road Map)
development in BTPN, some of the Bank’s employees formulated upon taking into account of the following:
hold IT related certifications. Among others including • BTPN Vision and Mission
employees in the following departments: • BTPN’s Strategic Goals
• Risk Management • Aspirations and strategies upon merger
• Fraud Awareness • Industry and Information Technology trends, such as
• Entertainment & Gift in Open Source, Cloud, Open API, and others.
• Complain Handling • Key points and main challenges.
• APU PPT • IT Strategic Initiative conducted in the previous
• Code of conduct term.
Evaluation System 237

Annually, the IT Directorate conducts evaluation on the
performance achievements of the IT development. By

the end of fiscal year 2020, IT performance was noted
on the scale of 95.5% from the minimum indicator of
93.0%.
Performance is measured by evaluating the performance of each IT services as explained in the following table.
No. Indicator Description of Evaluation
1 Business Enablement Measurement of IT performance in providing IT services, both through agile and waterfall.
Elements to measure at this time are cost, quality, time to deliver, and feedback from
stakeholders.
2 Branch End User Experience Measurement of IT services in providing guarantee of data network services availability at
branches (universal/non-universal), ATM as well as payment point.
3 Operation Excellence Measurement of IT services in providing guarantee of services availability related

to application and system at Bank BTPN head office and data center. In this case,
measurement is on the uptime and availability of all systems, be it from database, application
server or other devices. The accuracy of the end-of-day and end-of-month processes are
also part of measurable factors.
4 Customer Experience Measurement of IT services from the customers’ perspective. On this category, IT measures
if BTPN’s banking services may be accessed by customers and how long the processes
take. By periodically measuring such services, in every 15 minutes for example, the Bank
determine customers’ satisfaction index on IT services, especially services directly used by
customers (Digital Banking, Internet Banking, USSD Banking).
ROADMAP
BTPN has completed its 2017-2019 IT Strategic Plan (ITSP) project. Actualized ITSP phase has provided a strong
foundation for the next phase and therefore pose continuity in its strategic plans. The next phase is the Bank’s new
ITSP effective for the period of 2020-2022.
2020 ACHIEVEMENTS new work unit are hoped to continuously improve good
BTPN continues to develop its up-to-date information governance in the Bank’s surroundings and ensure that
technology system in line with the Bank’s business. IT implementation complies with regulations post-
Such development is aimed at providing easy access, merger.
transaction security, back-office services assistance
and operational cost efficiency that support the Bank’s In addition, the IT Directorate also actualized some 240
business. projects of which 119 projects are completed and the
other 121 are still in process.
Post-merger, the IT Directorate conducted several
crucial steps related to information. From consolidating The IT Directorate implements work standards which
the system to improving the IT governance so that have actually started since the year 2017. The theme of
they are in line with SMBC regulations as the parent these standards is referred to as “New Way of Working”.
company and the Global Systemic Bank. In the year 2020, the standards continue to be improved
in their maturity and adoption.
As actualized, the IT Directorate in its initial stage
has formed the Audit Task Force and strengthen the Few of the points explained in the table below are part
IT Governance work unit. This work unit is focused of the abovementioned “New Way of Working:
on ensuring and reporting directly to the Head of IT.
Recommendations of the Audit Task Force and the
238
No. Program Description of Actualization

1 Agile (Scrum) Development of application by means of iteration and time boxing.
2 DevOps Automation process for testing and deployment so that the process remains consistent.
3 Adopsi native clould architecture Implementation of Microservices and Containerization (Platform as a Service), so that
application may be easily scaled-up and handled for maintenance.
4 Peningkatan Engineering Practices Learning facilities and standard practices so that IT products are of quality, continuous and
managed well for maintenance.
For work units related to infrastructure, aside from adopting the “New Way of Working”, they also adjusted to carry
the theme of “excel@ITTM (Innovate, Team Up, Take It On and Make It Happen)” as well as implement several new
work methods. Explanation on this is elaborated in the table below:
No. Program Description of Actualization
1 DevSecOps Implement automation, including on security aspect
2 Application & Dashboard Monitoring Monitoring not only on application and server, but also on the customers’ perspective
(customer journey monitoring).
3 Automation Provide faster infrastructure services due to the automation process.
4 Kanban Provide transparency of activities or tasks so that IT team has the same visibility as well as
optimum space for collaboration.
5 TGIF Session to share plans, progress, knowledge or introduction to new innovations.
IT EXCELLENCE OF BTPN Among others, this is related to employees handling IT

The Bank has a number of IT capabilities known for their in the Bank’s environment who are mostly Indonesian.
excellence in the banking industries that they become They adopt the technology as well as apply the work
the Bank’s strengths, and therefore must be well method to implement digital product development
maintained continuously. Such excellent capabilities constantly. From Design Thinking (Co-Creation), Agile
have become the strengths, especially regarding the Development Methodology, automation process through
local digital capability which became the Unique Value DevOps practices, User Journey Monitoring and other
Proposition (UVP). capabilities.
In addition, BTPN has the intention to maintain and TECHNOLOGY INVESTMENT
continuously improve digital capabilities through the In the year 2020, the Bank’s total investment in IT
long-term strategy of CHIP program, internship as development reached Rp465 billion. Compared to the
well as other management trainee programs. These Rp425 billion in 2019, an increase 9%.
programs generate the continuity of talents availability
and digital product development. 2021 STRATEGIC PLANS
BTPN’s IT Directorate had identified a number of
This help widens the Bank’s opportunity to excel in challenges they expect to face in the year 2021. Issues
IT innovation. Furthermore, it helps provide relevant anticipated and plans for mitigation are listed below:
solutions to existing customers as well as new digital
banking segments.
No. Potential Challenge Plans for Mitigation
1 Funding Level Several initiatives which are unplanned or are set for improvement will be selective if to be continued
for implementation.
2 Decision over priorities IT Directorate will discuss priorities together with stakeholders.
3 Capacity The Bank has determined the maximum capacity of personal IT, so that utilization of talents is optimal
and is capable of achieving the completion target as planned.
239
4 Lack Depth in Technical IT Directorate will form a special unit which focuses on R&D and also training (internal) in order to
improve in mastering the technology and implementation can be expanded so that optimum benefits
are achieved.

5 Complexity of System Consolidate the various systems, especially the core banking and other systems in order to reduce
complexity, easier for maintenance and more manageable to master the existing systems.
6 COVID-19 Develop consistent communication in various forms, such as the IT Townhall, 1 on 1 Meeting, Coffee
Corner with CIO or Leadership, and other sharing mechanisms and forums.
7 Raising cost External factor can influence IT plans, such as the increase in exchange rates and in maintenance
costs as well as the new license model from the principle product. This may be anticipated by setting
aside reserves and also by negotiating and applying the tender system as well as IT devices.
7 Cybersecurity Implement advanced capabilities from the cybersecurity (Next General Security Operation Center)
and also continue with the existing cybersecurity program, especially in increasing awareness of all
stakeholders, including customers.
8 Talent Competition The scarcity of digital talents must be anticipated in the long run for the CHIP program and formalized
in the IT Academy work unit.
While for strategic plans, details are noted in the 2021 In addition, the initiative to be implemented is to
RPTI (IT Development Plan. On this matter, there are 73 continue the development of digital innovation and
initiatives hoped to be implemented to support the Bank talents to support strategic business plans. At the
with an allocated budget of Rp300 billion. same time, the Bank will optimize device operational
management at the end user.
Aside from continuing the strategic plan of 2020 and
support the strategic business initiative related to The reference standards used as the basis of IT
technology implementation for the year 2021, the IT management is the ITSP 2020-2022. Nevertheless,
Directorate will also improve the security system and the actualization must remain to take into account
process concerning the development of application the prevailing economic conditions, especially which
and infrastructure. Furthermore, to continue to improve currently relate to the COVID-19 pandemic.
data management and data governance capabilities,
especially in monitoring service operations and data
standardization.
Operations
The Operations Directorate of PT Bank BTPN Tbk Another significant move is the continuation of the
(“BTPN”, “Bank”) retains the policy and vision as a robotic application for the accelerated Purna Bakti loan
competent partner to support the performance and processing. The Operations Directorate also performed
acceleration of the Bank’s business development the system parameter maintenance for changing the
through the excellent operational services. In principle, limit, user alternate, and enabling user ID.
The Operations Directorate aims to support the Bank’s
business achievement. INITIATIVES AND STRATEGIES IN 2020
Throughout the year 2020, the main focus of the
In the context of supporting performance development, Operations Directorate continues to enhance the quality
The Operations Directorate has implemented the 3 of the Bank’s operations and services with special focus
(three)-pillar strategy to improve operational quality, on branchless services. Related to this focus, a number
details are as follows: of initiatives and strategies implemented include the
1. In line with BTPNs strategy to continuously following:
transform by taking advantage of technological 1. Develop branchless services by leveraging on and
advances, the Operations Directorate has expanded taking benefit of technology advancement
branchless services through the opening of the new 2. Optimizing customer service point
Contact Center in Semarang. The Contact Center 3. Process efficiency and improvement of internal
240 operates daily for 24 hours in 1 (one) full week in 1 control including optimizing resources
(one) year by providing main services for non-voice
Digital Jenius, such as live chat, email and twitter. ACHIEVEMENTS IN 2020
2. Consistently optimizing the branch service point by The COVID-19 pandemic contributes to generate bigger
leveraging other service point. With the increasing challenges on operational performance challenges
optimization of the branch service point, BTPN is on operational performance, especially in relation
expected to provide more optimized services to to the large-scale social restriction policy (PSBB).
customers through alternative service points (such Nevertheless, the operational work environment in
as the ATM, Post Office and others) as well as in BTPN continued to run satisfactorily.
benefiting the resources.
3. Continuously enhance process efficiency and This achievement was especially a result from the
improve internal control by carrying out several implementation of the comprehensive and integrated
initiatives including the following: Business Continuity Management. The Operations
a. Develop in stages the back-end system that is Directorate managed to maintain the continuity of good
integrated with satellite applications. services and performance despite of closure of some
b. Develop in stages the Collateral Management working floors and branches that have to be carried out
System which is a consolidation of 5 (five) repeatedly in order to prevent the spread of COVID-19
applications on the administration of collateral virus.
documents. Currently this is done through the
migration of collateral data from 4 (four) applications The Operations Directorate is also directly involved
on the administration of collateral documents. in the task force formed to manage the COVID-19
c. Develop in stages the Bankwide Reconciliation pandemic in BTPN. Furthermore, the Operations
System in order to strengthen the internal control Directorate was also taking an active role in handling
process. The first module that has been launched and taking anticipative measures for customers,
was the reconciliation process for ATM Bersama, employees and the society.
Prima and NPG.
In the year 2020, BTPN’s Contact Center services 2021 STRATEGIC PLAN
received the acknowledgement as one of the best For the year 2021, The Operations Directorate has
contact centers in Indonesia in the “2020 Indonesia’s prepared its strategic plan, namely to implement the
Best Contact Center” competition. Participants in the 5 (five)-pillar strategy to be carried out within the next
event included big banks and companies from non- 3 (three) years (2021-2023). The objective of the pillar
financial industries, including government institutions. strategy is to enhance quality to build an efficient
Operations focusing on services and compliance
The year 2020 was the first time for BTPN to participate. through the followings:
Awards received for corporate category are as follows: 1. Enhance branchless services by leveraging on and
1. Winner of Platinum prize in category “The Best taking benefit of technology advancement
Contact Center”. 2. In line with the Bank’s strategy, BTPN will continue
2. Winner of Gold prize in category “The Best Contact to optimize customer service point which includes
Center of Employee Engagement”. expansion of corporate services through the
opening of new branches as well as leveraging on
In addition, BTPN also received several awards for existing service points.
category of individual Contact Center employee, as 3. Enhance infrastructure to facilitate flexible operating
follows: model by establishing digital workspace that
1. Winner of Platinum award for category “The Best supports remote working and flexi office initiatives 241
Supervisor” for employees as well as contact center services
2. Winner of Platinum award for category “The Best 4. Fulfillment of the Aceh Qanun regulation by

Quality Assurance” accomplishing activities as per plan
3. Winner of Gold award for category “The Best 5. Enhance infrastructure to support process efficiency
Manager” and strengthen internal control
4. Winner of 4 Silver award for categories “The Best
Trainer, The Best Quality Assurance, The Best Desk
Control and The Best Team Leader”
5. Winner of Bronze award for category “The Best
Team Leader”
Overall, BTPN Contact Center is recognized as one of

the “Top 6” in Indonesia for the year 2020, namely as
the “5th Runner Up”.
GOOD CORPORATE
GOVERNANCE
244 The Principles In GCG
Implementation
246 Objectives of GCG Implementation
246 GCG Structure
247 GCG Implementation and
Commitment
253 Commitment to GCG
Implementation in The Year 2021
In 2020, in implementing GCG, BTPN

made several changes, such as policies/
procedures regarding the procurement of
goods and services and anti-fraud policies.
Good Corporate Governance
PT Bank BTPN Tbk (“BTPN” or the “Bank”) will always improve the implementation of Good Corporate Governance
(“GCG”) in accordance with GCG principles.
The implementation of GCG principles is a continuing effort of the Bank since the Bank believes that the
implementation of GCG principles has essential means in supporting the sustainable growth and stability of
performance.
Given the importance of implementing the GCG principles, the Bank continuously ensure that GCG principles are
applied in every aspect of the business throughout the Bank’s organization structure. In line with the prevailing
regulations and provisions, the implementation is carried out from the levels of the Board of Commissioners and the
Board of Directors down to the lowest level of the organization as well as in relations to the stakeholders.
The Principles In GCG Implementation

With reference to prevailing provisions and regulations, GCG principles to be applied by the Bank are described as
follows:
PRINCIPLE BASIC CONCEPT IMPLEMENTATION AT BANK BTPN

244 Transparency In order to maintain the objectivity in undertaking The Bank’s transparent information which includes
business, the Bank must provide material and relevant explanation on performance through the website:
information in a manner accessible and understandable http://www.btpn.com. In addition, the Bank also
to the stakeholders. The Bank must take the initiative discloses transparent information on regular basis and
to reveal not only the matters required by laws and on certain matters to regulator.
regulations, but also the matters that are important for
decision-making by shareholders, creditors and other
stakeholders.
Accountability The Bank must be able to account for its performance The Bank set forth details of tasks and responsibilities
in a transparent and reasonable manner. Therefore, of each company organ and all employees clearly and
the Bank must be managed in an appropriate in line with the corporate vision, mission, values and
and measurable manner in accordance with the strategy.
Bank’s interest with consistent consideration of the
Shareholders and other stakeholders’ interests.
Accountability shall be a prerequisite required to
achieve sustainable performance.
Responsibility The Bank must comply with the laws and regulations All of the Bank’s organs strictly embrace the principle
as well as implement its responsibilities to the with carefulness and ensure that prevailing regulations,
community and the environment so as to maintain the company’s articles of association and by-laws are
long-term business continuity and be recognized as a complied.
good citizen.
Independency The Bank must be managed independently so as to All organs of the Bank avoid the domination of any
prevent domination of one organ over another and party, not effected by any particular interest, free from
intervention by other parties. conflict of interest and from any influence or pressure,
so that decision-making may be executed objectively.
Fairness and Equality The Bank must always observe Shareholders and other The Bank provides the opportunity for stakeholders to
stakeholders’ interests based on the fairness principle extend their feedback and convey their opinion for the
interests of the company as well as to open access
for information in accordance with the principle of
transparency within the scope of each of their position.
LEGAL BASIS OF IMPLEMENTATION • The Bank’s Operational Policy
Dalam menerapkan prinsip-prinsip GCG, Bank Kebijakan Operasional Bank adalah ketentuan The
berpedoman pada peraturan perundang-undangan Bank’s Operational Policy is the provisions that
yang berlaku. antara lain: regulates all activities of the Bank that reflects its
1. Law of the Republic of Indonesia No. 40 of 2007 on risk management strategy including, among others,
Limited Liability Company. which generally explains the Bank’s risk appetite on
2. Law of the Republic of Indonesia No. 10 of 1998 on such activities.
the amendment of Law No. 7 of 1992 on Banking.
3. Financial Services Authority (“POJK”) Regulation No. Guidelines and Code of Conduct of the Committees
55/POJK.03/2016 on the Application of Governance as well as Procedures applicable bank-wide
for Commercial Banks (“POJK 55”) effective since 7 including the Bank’s policy on products and services
December 2016. are also treated as operational policies.
4. POJK No.21/POJK.04/2015 on the Application of
Governance Guidelines for Public Companies. • Standard Operational Procedures
5. POJK No.17/POJK.03/2014 dated 18 November Standard Operational Procedures (SOP) are
2014 on the Application of Integrated Risk guidelines that regulate a process in detail and
Management for Financial Conglomerates. explains the phases of an activity in a structured and
6. POJK No.18/POJK.03/2014 dated 18 November systematic manner which are compulsory, covering:
2014 on the Application of Integrated Governance who, how, where, when was conducted and the
for Financial Conglomerates. control mechanism. Such application must firmly
7. POJK No. 45/POJK.03/2020 on the Financial carry out the four-eyes function, sufficient internal
Conglomerates. control function and which refer to the policy.
245
8. Such other POJKs as those which regulate the Audit
Committee, the Nomination and Remuneration • User Manual/Technical Instruction/

Committee, the Board of Commissioners and Implementation Instruction/ other equivalent
the Board of Directors, the Implementation of the documents
General Meeting of Shareholders, Internal Audit, User Manual or Technical Instruction, also referred
Public Accountant and Public Accounting Office, as to as Implementation Instruction is as follows:
well as the Director of Compliance and Corporate a. Phase/how to use a system/application which
Secretary. explains in detail how to input/fill in data on each
9. The General Guidelines of Corporate Governance screen and field, or
from the National Committee of Governance Policy b. More detailed guidelines of the SOP for user,
(“KNKG”) both operator and supervisor, or
10. The Bank’s Articles of Association. c. The setting of standard parameters within the
11. The Bank’s Policies and Procedures. system, or
d. A brief guide used as an instrument to provide
The Bank’s policies and procedures are grouped in explanation to Customers on products and
hierarchy of policy consisting of the following: services, and
• The Bank’s Main Policy e. Formulated by referring to related SOPs.
The Bank’s Main Policy is the parent or master
policy of all of the Bank’s policies, which are policies Approval of the issuance of policies and procedures
related to governance, as well as other strategic and/or amendments is carried out by taking into
matters that effect the proper management of account each hierarchy. Review of the policies
the Bank, and which are regarded as the basic and procedures issued by the Bank is conducted
principles and main guidelines for all existing periodically, at least once every year or sooner
provisions and are in effect in Bank. whenever necessary.
The Bank’s Main Policy covers the Corporate

Governance the Integrated Corporate Governance
Guidelines
Objectives of GCG Implementation

In general, the objective to implement GCG in Banks business integrity in the long run, which will eventually
is to support the creation and development of a nurture strong business growth that is also capable of
business environment based on the elements of trust, increasing communities of inclusive financial sector.
transparency and accountability. This is very much
required in flourishing investment, financial stability and
GCG Structure
Until the end of Fiscal Year 2020, the GCG structure in effect at Bank is as follows:
General Meeting of Shareholders
Board of
Board of Commissioners President Director
246 Directors
Risk Management
Audit Commitee
Committee
Internal Audit Asset and Liabilities

Remuneration & Nomination Committeee
Committee
Credit Committee
Risk Monitoring Committtee
Credit Policy Committee
Integrated Governance
Committee
Information Technology
Steering Committee
Human Capital Committee
Information Governance
Steering Committee
Corporate Secretary Compliance Risk Management & Integrated Risk Management

GCG Implementation and Commitment
As the measurement of GCG implementation, Bank solution, for instance, by shifting the meeting format
monitors the GCG implementation from the result of its of all level by using Video Conference technologies, in
self assessment and manage to maintain rating 2-good the periodic meeting of Board of Directors or Board of
(from the scale 1 to 3) in year 2019 and 2020. Commissioners, monthly meeting or update by and to
executive officers, virtual branch visit, as well as the
As part of the Bank’s seriousness towards GCG formula of twice General Meetings of Shareholders
implementation, The Bank has appointed one relevant during the application of Large Scale Social Restriction.
consultant to assess or review the GCG implementation In addition, is the activation of approval, consultation or
by comparing with the ASEAN guidelines. The overall advise granting from Board of Commissioners or Board
score of GCG practices obtained by the Bank for of Directors by optimizing the existing technology such
fiscal year 2019 (ASEAN CG Scorecard 2020) is 94.49 as email or electronic memo.
points. Overall, the assessment result of the GCG
implementation on the Bank received the title “Very REVIEW OF THE IMPLEMENTATION OF THE
Good” or Level 4 (90.00 – 100.00), which means the GOVERNANCE GUIDELINES OF PUBLIC
company has fully adopted the international standard COMPANY BANK
as formulated in the ASEAN Corporate Governance In accordance with the Financial Services Authority
Scorecard (ACGS). (POJK) Regulation No. 21/POJK.04/2015 and Circular
Letter of the Financial Services Authority (SEOJK) No.
REVIEW OF GCG IMPLEMENTATION IN THE 32/SEOJK.04/2015 on Governance Guidelines of Public 247
YEAR 2020 Companies, following is the implementation aspect
GCG implementation during 2020 is well conducted, and the principles of corporate governance based on

in the middle of challenging situation due to COVID-19 “comply or explain” approach by the Bank:
Pandemic, Bank has been consistently carrying
out all liabilities and fulfilling all liabilities as well as
requirements, a lot of alternatives to be performed as
Principle Recommendation Compliance Implementation
Principle 1 1.1 Public Company has the technical Comply Technical procedures for voting are
Improve the Value of procedures for open and closed voting stipulated in the Bank’s AOA as well as
GMS Implementation which puts forward independency, and guidelines everytime the Bank planned to
the interests of the shareholders have General Meeting of Shareholders.
Both documents are published in the
Bank’s website and in KSEI’s
e-proxy platform
1.2 All members of the Board of Directors Comply The Annual General Meeting of
and the Board of Commissioners of Shareholders held on 23 April 2020
Public Companies are present at the wasattended by all incumbent members of
Annual GMS the Board of Commissioners and the Board
of Directors by physically or virtually.
1.3 Summary of the GMS Resolutions Comply Summary of GMS Resolution is available on
is available on Website of the Public the Bank’s website.
Company for at least 1-year period.
Principle 2 2.1 Public Company has the policy on Comply BTPN has the policies and procedures on
Improve the Quality communication with its shareholders communication with its shareholders or
of Communication of and or investors investors which include:
Public Company 1. Strategy
With its Shareholders or 2. Program
Investors 3. Time to conduct communication
2.2 Public Company discloses its Comply Communication policy with shareholders
communication policy with is disclosed on the Bank’s website. The
shareholders or investors on its policy is stipulated in the Corporate
website Governance Manual.
Principle 3 3.1 Determining the number of members Comply Determining the number of members of
Strengthen the of the Board of Commissioners with the Board of Commissioners is carried out
Membership and consideration of the condition of the by considering the need and complexity of
Composition Public Company the Bank.
of the Board of
Commissioners
3.2 Determining the composition Comply The composition of the Board of

of members of the Board of Commissioners is based on expertise,
Commissioners takes into account the professional experience, background to
diversity of expertise, knowledge, and support the effectiveness the duties carried
experience required. out by the Board of Commissioners.
Principle 4 4.1 The Board of Commissioners has the Comply BTPN has the policy on self-assessment
Improve the Quality policy on self-assessment to evaluate to evaluate the performance of the Board
of the Implementation the performance of the Board of of Commissioners, with coverage that
of Duties and Commissioners includes the following:
Responsibilities 1. Purpose and objectives of activities
of the Board of with evaluation
Commissioners 2. Time of implementation
3. Benchmark or criteria used in
evaluation
The Policy is stipulated under the Work

Ethics Guidelines of the Remuneration and
Nomination Committee.
248 4.2 Self-assessment policy to evaluate Comply The self assessment policy is regulated
the performance of the Board of in the Remuneration and Nomination
Commissioners, is disclosed through Committee Charter and disclosed in this
the Annual Report of the Public 2020 Annual Report in section Performance
Company Review/Assessment of the Board of

Commissioners.
4.3 The Board of Commissioners has Comply Provisions related to resignation of

the policy related to resignation members of the Board of Commissioners
of members of the Board of should they be involved in financial crime
Commissioners if involved in financial as regulated in the Board of Commissioners
crime. Charter.
4.4 The Board of Commissioners or Comply The succession policy in the process
the Committees carrying out the of nomination of members of the Board
Nomination and Remuneration function of Directors as stipulated under the
formulates the succession policy in the Remuneration and Nomination Committee
nomination process of members of the Charter.
Board of Directors.
Principle 5 5.1 Determining the number of members Comply Determining the number of members of the
Strengthen the of the Board of Directors with Board of Directors is carried out by taking
Membership and consideration of the condition of the into account the needs and complexity of
Composition of the Public Company and the effectiveness the Bank.
Board of Directors of the decision making.
5.2 Determining the composition of Comply The composition of the Board of Directors
members of the Board of Directors is based on knowledge in banking,
takes into account the diversity of expertise, professional experience,
expertise, knowledge, and experience background to support the effectiveness
required. of duties implementation by the Board of
Directors.
5.3 Members of the Board of Directors Comply The Bank’s Director in charge of Finance
supervising the accounting or finance has the competency in the field of
department have the expertise and/or accounting and is disclosed in the 2020
knowledge in the field of accounting Annual Report in Profile section of the
Board of Directors.
Principle 6 6.1 The Board of Directors has the policy Comply BTPN has the self-assessment policy to
Improve the Quality on self assessment to evaluate the evaluate the performance of the Board of
of the Implementation performance of the Board of Directors. Directors, which covers the following:
of Duties and 1. Purpose and objectives of activities
Responsibilities of the and the assesssment
Board of Directors 2. Time of implementation
3. Benchmark or criteria used in
evaluation
The policy is regulated in the Remuneration

and Nomination Committee Charter.
6.2 The policy on self- assessment to Comply Self-assessment policy is disclosed in

evaluate the performance of the Board the Performance Review of the Board of
of Directors is disclosed through the Directors.
annual report of the Public Company.
6.3 The Board of Directors has the policy Comply Provisions related to the resignation of
related to the resignation of members members of the Board of Directors if
of the Board of Directors if involved in involved in financial crime as regulated in
financial crime. the Manual of the Board of Directors.
Principle 7 7.1 The Public Company has the policy to Comply Provisions on the prevention of insider
Improve the Aspect prevent insider trading. trading are stipulated by the Compliance
of Corporate Policy and Procedures on Price-Sensitive
Governance through Information, and Personal Account
the Participation of Investment and Transactions.
Stakeholders
7.2 The Public Company has the policy on Comply BTPN has the Procedures on Entertainment
anti-corruption and anti-fraud. and Gifts and Procedures on Anti-Fraud.
7.3 The Public Company has the policy Comply The policy covers, among others, of the
on the selection and improvement of following:
capabilities of suppliers and vendors. a. Criteria in selecting vendors;
b. Efforts to improve the qualities of
vendors;
c. Fulfillment of rights related to vendors.
Provisions related to the selection and

improvement of capabilities of suppliers
or vendors are disclosed in the Bank’s
website.
7.4 The Public Company has the policy Comply The policy covers considerations in
fulfilling the rights of the creditors. conducting agreements as well as follow- 249
ups on fulfilling the obligations to creditors.
The Policy is disclosed in the Bank’s
website.

7.5 The Public Company has the policy on Comply The policy on the whistleblowing system
the whistleblowing system. covers the following:
1. The types of violation that may be
reported through the whistleblowing
system.
2. Methods of reporting.
3. Protection and confidentiality
guarantee of the whistleblower.
4. Handling of complaints.
5. Party that handles complaints.
6. Results of handling complaints and
follow-up of reports.
Provisions are disclosed on the Bank’s

website.
7.6 The Public Company has the policy Comply The policy on long-term incentive for
on providing log-term incentive for the the Board of Directors and Employees
Board of Directors and Employees. is stipulated in the SOP of Management
Employee Stock Option Plan (MESOP).
Principle 8 8.1 The Public Company take advantage Comply media accounts as follows:
Improvement in of expanding the use of information
the Disclosure of technology in addition to the website Facebook : @BankBTPNOfficial
Information as media for information disclosure. https://facebook.com/BankBTPNofficial
Twitter: @sahabatBTPN
https://twitter.com/sahabatbtpn
Instagram: @lifeatbtpn
https://www.instagram.com/lifeatbtpn/
Youtube: Bank BTPN

https://www.youtube.com/user/BTPNBank
8.2 Annual Report of the Public Company Comply The Bank’s Annual Report disclosed the
discloses the beneficial owner in beneficial owner in the share ownership of
the share ownership of the Public the Public Company of at least 5%. The
Company of at least 5%, in addition to information is disclosed on the Bank’s
disclosing the beneficiaries in the share website.
ownership of the Public Company
through the majority and controlling
shareholders.
ASSESSMENT OF GCG IMPLEMENTATION • The Bank has established a Policy on conflicts

IN THE YEAR 2020 of interest according to each specified area and
Eventough 2020 is a challenging year, the existing scope of work.
condition did not cause unmanageable disruption, • The Compliance Unit is supported by qualified
and therefore the Bank determined that GCG Self- human resources and is independent from the
Assesment score for 2020 is rating 2-Good. operations of other working unit. In addition, the
appointment of the Compliance Director has
The above mentioned self-assessment was complied with prevailing regulation.
conducted in compliance with OJK Regulation No. • The internal audit function is supported by
55/POJK.03/2016 and OJK Circular Letter No. 13/ qualified human resources and independent
SEOJK.03/2017 regarding The GCG Implementation from the operations of other working unit. The
for Commercial Banks, as an inseparable part of the structure of Internal Audit Working Unit (SKAI)
governance implementation report. and SKAI Work Guidelines has complied with
prevailing regulation.
The Following is the GCG Self Assesment of the Bank • The organizational structure to support the
implementation of risk management is adequate,
supported by policies, an adequate procedures
Name of the Bank : PT Bank BTPN Tbk and risk limits
Position : 31 December 2020 • The assignment of the Public Accountant (AP)
Result on Self-Assessment of Governance and the Public Accountant Office (KAP) as the
Implementation executors of the external audit function by
250 considering their capacity, legality of the work
Rating Rating Definition
agreement, the scope of audit, professional
Individual 2 Good accounting standards of public accountants;
Consolidated* 2 Good and communication between OJK with the said

Analysis KAP has been done properly. This assignment
Management of the Bank has implemented the Corporate
is in accordance with the recommendations
Governance generally Good. This is reflected from the adequate of the Audit Committee and approved by the
fulfillment of Corporate Governance’s principles. If there is any Annual GMS April 23, 2020. Evaluation of such
weakness in the implementation of Corporate Governance’s
principles, then in general the weakness is less significant and assignment and performance has submitted to
revision can be done by the Bank’s Management in a normal OJK in May 2020 through electronic reporting.
course.
• The Bank has adequate written policies,
*) The Bank has subsidiary (PT Bank BTPN Tbk). According to comparison
of the subsidiary’s assets towards the Bank’s assets, the Bank assess that systems and procedures for providing funds to
the self-assessment result of the subsidiary has no significant impact. related parties and large exposure, including its
monitoring and resolving the problem.
Summary of the Bank’s governance implementation • The Bank has policies and procedures regarding
by considering the comprehensive and structural procedures for implementation of transparency
assessment factors is as follows: in financial and non-financial conditions.
A. Governance Structure • The Bank has prepared the GCG Implementation
Positive factors of the Bank’s governance report as at the end of each financial year.
structure aspect are as follows: • Internal reporting has been carried out in a
• The membership structure of the Board complete, accurate, and timely manner with the
of Directors (BOD) and the Board of support of adequate resources and procedures.
Commissioners (BOC) has complied with • The Bank is supported by a reliable information
prevailing regulation. system, supported by competent human
• The incumbent members of BOD and BOC who resources and adequate information technology
have served have been approved by GMS and (security system).
passed the fit and proper test of OJK. Both BOD • The Bank’s strategic plan has been formulated
and BOC will maintain of its of integrity, financial in the Corporate Plan and a Business Plan
reputation and competence. align with the Bank’s vision and mission, and is
• Membership of each BOC’ Committee has supported by the Bank Owner
complied with prevailing regulation. Role and
responsibilities of each BOC’ Committees have
been clearly stated in the Charter, in which are
reviewed periodically.
Negative factors of the Bank’s governance • The duties and responsibilities of the Directors
structure aspect are as follows: in relation to internal control has complied with
There are no negative factors. prevailing regulation. The audit findings have
However, the Bank always strives to improve the use been followed up with the direction of BOC, and
of technology in its operations, to meet the Bank’s to improve the effectiveness of the Internal Audit
vision as the primary choice of banks in Indonesia works, the Bank has conducted a regular review
that can provide meaningful changes in the lives every three years, most recently in 2019.
of millions of people, with the support of digital • The appointed AP and KAP are able to work
technology. independently, meet the professional standards
of public accountants and working agreements
B. Governance Process as well as the specified audit scope. In addition,
Positive factors of the Bank’s governance process the audit report and Management Letter has
aspect are as follows: been submitted by AP to OJK.
• Management of the Bank by BOD as well as the • The duties of BOD and BOC related to the
Oversight of BOD actions by BOC have been application of risk management are clearly
performed in accordance with its the duties and stated in internal procedures in accordance
responsibilities stipulated in the respective Code with prevailing regulation and have been
of Conduct, Bank Policies and Procedures, and implemented prudently.
the Bank’s Articles of Association. • The Bank has periodically evaluated and
• The GCG implementation has been completely updated its policies, systems and procedures to
carried out by BOD and assured by BOC. comply with the prevailing and regulations. The
• The Bank’s Shareholders does not intervene Bank has also ensured the adequate processes
251
in the management of the Bank by BOD. To for the provision of funds to related parties and
implement GCG principles, the Bank has the provision of large amounts of funds (large

established a procedure on Communication exposure) to comply with the prudential banking
Line between majority shareholder of the Bank principles, as well as making decisions regarding
(Sumitomo Mitsui Banking Corporation/SMBC) these matters carried out independently without
• BOC’s Committees has performed its duties intervention from related parties and/or other
and responsibilities in accordance with the parties.
Committee’s Charter, for the improvement going • The Bank has transparency disclosed the
forward, the Committee has conducted self financial and non-financial conditions to the
assessment to the committee’s performance and Stakeholders, and submit the reports as required
submitted to BOC Meeting. by the prevailing regulation.
• BOD and BOC members do not participate in • The Bank has prepared Bank Business Plan
making process which contain a Conflict of (RBB) realistically, comprehensive, achievable,
Interest. For transparency the List of Related considering the prudential principle and
Parties of the Bank can be easily accessed by responsiveness to internal and external changes.
the respective party. The Bank has also submitted a revision of the
• The function of the Compliance Director and the RBB in June 2020
compliance working unit have been carried out
in accordance with prevailing regulation. Negative factors of the Bank’s governance
process aspect are as follows:
There are no negative factors.
Nevertheless the Bank sustainably taking the
initiative and effort to improve the Governance
Process in the Bank.
C. Governance Outcome • The Bank has implemented risk management

Positive factors of the Bank’s governance outcome effectively, align with the objectives, business
aspect are as follows: policies, size and complexity of the business
• For fiscal year 2019, BOD and BOC has and the ability of the Bank. The Bank does not
submitted the report on the implementation of its conduct business activities that exceed the
duties and responsibility to shareholders through ability of capital to absorb loss risk.
the GMS, and has been received and obtained • Provision of funds to related parties and the
the Acquit et de charge on April 23, 2020. large amounts of exposure has complied with
• For year 2020, with good management and the prevailing regulation, and has been reported
good supervision of BOC, the disruption to the in a timely manner to OJK.
Bank’s Operational activities in the midst of the • The obligation to prepare reports and submit
Pandemic COVID19 is generally immaterial. reports to OJK has performed with the content
• BOD and BOC Meeting Resolutions have as required by prevailing regulation. The
been well documented and decisions or Condition due to COVID-19 pandemic did not
recommendations resulting from the Meetings cause disruption on submission of report by the
have been and in the on going process. Bank.
• BOC Committee’s performance has been • The RBB and its Revision have been prepared
improved, from the subject of discussion, the by BOD and approved by BOC and it has
increased frequency of the Meeting with more submitted to OJK on 28 November 2019 and 29
relevant Meeting material, so BOC may provide June 2020.
appropriate input.
252 • Bank’s operational activities are free from the Negative factors of the Bank’s governance
intervention of the shareholders/related parties/ outcome aspect are as follows:
other parties that may cause a conflict of interest There are increment of penalties charged to the
or incur loss to the Bank or reduce the profit of Bank, including which was caused by the current
the Bank. conditions. However, with the Bank’s commitment
• The Compliance culture continues to be echoed, to “Zero Penalties” and the implementation of the
Compliance takes an active approach, so Compliance Culture, Bank’s penalties are expected
fines/penalty start to reduced compared to the to be decrease to zero.
previous year.
• There is a significant improvement in the
performance of the Internal Audit Unit, the
Internal Audit Unit is objective in finding
problems and keep reminding the Bank to follow
up the findings.
Commitment to GCG Implementation
in The Year 2021
For the year 2021, the Bank reaffirms its commitment to 2. The Shareholders have the rights to obtain accurate,
continue to carry out and improve the implementation sufficient and on-time information on the Company
of GCG principles throughout the Bank’s organization. as long as it relates to the GMS agenda and not in
Such commitment is materialized by taking into account conflict with the interests of the Company, so that
the GCG Self assessment and the Bank Conditions as Shareholders may take accurate decisions in the
follows GMS.
1. To review the rights of shareholders. 3. The Shareholders have the rights to obtain net
2. To review equal treatment towards shareholders. profit sharing in the form of dividend and others in
3. The increase of responsibility of Board of accordance with the owned number of shares.
Commissioners and Board of Directors, including
the review towards independency of the company’s The responsibilities of the Shareholders, among others,
structure. are as follows:
4. The increase of the transparency quality and 1. Each Shareholder is submissive and complies to the
disclosure of information to shareholders Bank’s Articles of Association and prevailing laws
5. To manage potential penalty related to reports or and regulations.
corporate actions. 2. The controlling Shareholder is obligated to take into
account the interests of minority Shareholders and
253
other Shareholders in accordance with the prevailing
GENERAL MEETING OF SHAREHOLDERS laws and regulations.

(GMS) 3. The minority Shareholders are responsible for using
their rights in accordance with prevailing laws and
Policy regulations and the Bank’s Articles of Association.
The General Meeting of Shareholders (GMS) is the 4. To disclose the list of related parties, should
Company Organ that carries the authority not delegated the Shareholder act as the Bank’s controlling
to the Board of Commissioners and the Board of Shareholder.
Directors. Through the GMS, the Shareholders may
exercise their decision-making rights. GMS IMPLEMENTATION IN 2020
Bank BTPN held its GMS twice during the year 2020, 1
Based on the Articles of Association, the Bank’s GMS (one) Annual GMS and 1 (one) Extraordinary GMS.
were conducted twice, the Annual and Extraordinary.
The legal basis of the Bank’s GMS implementation The GMS are attended by the Notary and the Securities
refers to the following: Administration Bureau as the independent parties to
calculate the quorum and voting processes.
1. Law No. 40 of 2007 on Limited Liability Company
2. Regulation of Indonesia Financial Services Authority MECHANISMS OF GMS VOTING AND VOTE
No. 15/POJK.04/2020 regarding Planning and COUNT
Implementing General Meeting of Shareholders of The mechanisms of decision-making as well as for
Public Companies. voting and vote count are regulated by the GMS
3. Regulation of Indonesia Financial Services Authority procedures as disclosed in the Bank’s website and
No. 16/POJK.04/2020 regarding Implementing notified to the Shareholders.
of Electronic General Meeting of Shareholders of
Public Companies. Each Shareholder or Proxy has the right to question
4. BTPN Articles of Association. and/or extend an opinion to the meeting Chairman prior
to voting for each meeting agenda. In vote count, 1
Rights and Responsibilities of Shareholders (one) share provides the right of the holder to extend
The rights of the Shareholders, among others, are as 1 (one) vote, should a person hold more than 1 (one)
follows: share, the person shall have only 1 (one) vote that
1. The Shareholders have the rights to attend GMS, represent the total number of owned shares.
both in person or represented by proxy, to extend
their response to the GMS agenda as well as to
participate in the decision-making in accordance
with the owned number of shares.
The decision-making mechanism through a transparent voting conducted by means of the Meeting Chairman
requesting the Shareholders and proxies who vote against or abstain on the proposed recommendation shall
individually raise their hand. To facilitate an easier process of counting the votes, Shareholders and proxies who do
not agree or abstain on a proposed recommendation are requested to submit their names and number of shares
extended in the voting card provided by the Securities Administration Bureau.
The officer from the Notary shall collect the filled-out voting cards to be counted. The Notary shall report the result of
the count to the Meeting Chairman.
Starting from the Extrordinary GMS, the Bank implemented E-Proxy whereby eacn shareholders may vote towards
the Bank’s proposed agenda without having to physically attend to the Venue of GMS. The chance to vote is provided
from the date of Invitation to the day when GMS is hold and added to total vote of shareholders who physically attend
the GMS.
IMPLEMENTATION OF THE ANNUAL GMS

The Annual GMS, held by the Company on 23 April 2020, was attended by the Shareholders, the Board of
Commissioners and the Board of Directors. There were attendants present in person, and those present through the
facilitated video conference.
Stages of the Annual GMS
254
Submission Date Date of SubmissionDate
Date of Meeting
of the Meeting Recording of the Date of Invitation of Meeting
Announcement Implementation
Plan Shareholders List Resolution
9 March 2020 and 23 17 March 2020 31 March 2020 1 April 2020 23 April 2020 24 April 2020 and 26
March 2020 May 2020
Participants of the Annual GMS

Peserta yang menghadiri rapat secara fisik adalah:
Board of Directors Board of Commissioners Shareholders
Ongki Wanadjati Dana Ninik Herlani Masli Ridhwan Sumitomo Mitsui Banking Corporation, holder
President Director Independent Commissioner of the Company’s 7,532,311,297 shares,
represented by HWMA Law Firm, based on
Power of Attorney dated 3 April 2020.
Dini Herdini PT Bank Central Asia Tbk, holder of the
Compliance Director Company’s 83,052,408 shares, represented by
HWMA Law Firm, based on Power Attorney
dated 17 April 2020.
Hanna Tantani PT Bank Negara Indonesia (Persero) Tbk, holder
Director of the Company’s 12,007,137 shares, represented
by HWMA Law Firm, based on Power of Attorney
dated 7 April 2020.
Public with ownership below 5%, a total of

426,362,127 of the Company’s shares.
Participants who were present through the video conference facility are as follows:
Board of Directors Board of Commissioners Shareholders
Kazuhisa Miyagawa Chow Ying Hoong, Public Accounting Office of Siddharta Widjaja &
Deputy President Director Vice President Commissioner Partner.
Yasuhiro Daikoku Irwan Mahjudin Habsjah,
Director Independent Commissioner
Adrianus Dani Prabawa, Director Takeshi Kimoto, Commissioner
Henoch Munandar, Director
Merisa Darwis,
Director
Hiromichi Kubo,
Director
Agenda, Resolution and Realization of the Annual GMS
AGENDA RESOLUTION
Agenda 1: 1. Approved the Annual Report of the Board of Directors of the Company
Ratification and Approval of the Financial Statements and for the year 2019;
the Annual Report of fiscal year 2019, including but not 2. Approved the Annual Supervisory Report of the Board of
limited to the following:
a. Ratification of the audited Financial Statements of
Commissioners of the Company for the year 2019;
3. Approved the Ratification of the Company’s Consolidated Financial 255
fiscal year 2019 including the Restatement of the certain Statements for fiscal year 2019, audited by the Public Accounting Office
accounts of the Financial Statements of fiscal year of Siddharta Widjaja & Partner, member of KPMG International, with

2018; unqualified opinion, including a paragraph that explains the restatement
b. Report of the supervisory duty of the Board of of comparative information and that the comparative information prior
Commissioners of fiscal year 2019; and to the restatement had been audited by another auditor as disclosed in
c. Granting full release and discharge (Volledig Acquit et the report No. 00090/2.1005/AU.1/07/0851-1/1/III/2020 dated 23 March
Decharge) to the members of the Board of Directors 2020; and
and the Board of Commissioners who served during the 4. Granting Full Release and Discharge (volledig acquit et decharge) to the
fiscal year 2019. members of the Board of Directors and the Board of Commissioners of
the Company who served during fiscal year 2019 for their management
and supervisory actions, as long as the actions are reflected in the
Company’s Annual Report and Financial Statements for fiscal year 2019
and comply with prevailing laws and regulations.
Voting Result:
Affirmative : 7,628,613,815 shares or 99.99%
Non-Affirmative : 0 shares or 0%
Abstain : 340 shares or 0.00%
Realization/Follow-Up:
Conducted in accordance with GMS resolutions
Agenda 2: Approved the determination on the Appropriation of the Company’s Net
Determination on the appropriation of the Company’s Profit Profit for fiscal year 2019 amounting to Rp2,572,527,531,652 (two trillion five
and/or Loss for the fiscal year which ended on 31 December hundred seventy-two billion five hundred twenty- seven million five hundred
2019 thirty one thousand six hundred fifty two rupiah) allocated for the following:
1. Compulsory Fund Reserves
The amount of Rp9,234,246,916,- (nine billion two hundred thirty four
million two hundred forty six thousand nine hundred sixteen rupiah) will
be set aside/allocated as Compulsory Fund Reserves to comply with
the provision of Article 70 of Limited Liability Companies’ Regulation,
as additional funds to the Company’s reserves of Rp23,361,468,560,-
(twenty three billion three hundred sixty one million four hundred sixty
eight thousand five hundred sixty rupiah) as of 31 December 2019,
therefore the total reserves amount to Rp32,595,715,476,- (thirty two
billion five hundred ninety five million seven hundred fifteen thousand
four hundred seventy six rupiah), or 20% of the Company’s issued
capital and paid-up capital as of 31 December 2019;
2. The remaining Net Profit for fiscal year 2019, amounting to
Rp2,563,293,284,736 (two trillion five hundred sixty-three billion two
hundred ninety-three million two hundred eighty-four thousand seven
hundred thirty-six rupiah) is accounted as the Company’s Retained
Earning.
Voting Result:
Affirmativ : 7,628,600,215 shares or 99.99%
Non-Affirmative : 13,300 shares or 0.00%
AGENDA RESOLUTION
Agenda 3: 1. Referring to the Decision Letter of the Board of Directors of PT Bursa

Changes to the composition of members of the Board Efek Indonesia (Indonesia Stock Exchange) No. Kep-00001/BEI/01-
of Directors and/or the Board of Commissioners of the 2014 dated 20 January 2014 on the Amendement of Regulation No.
Company I-A regarding the Listing of Shares and Equity Securities Other Than
Shares Issued by a Registered Company that has been revoked by
Decision Letter of the Board of Directors of PT Bursa Efek Indonesia
No. Kep-00183/BEI/12-2018 dated 26 December 2018 regarding the
Listing of Shares and Equity Securities Other Than Shares Issued by
a Registered Company, the Company stated that designating non-
affiliated independent director or director is no longer in effect.
2. Accepted the resignation of Mari Elka Pangestu from her position
as President Commissioner (Independent) effective as of 1 March
2020, in gratitude for the services contributed during her term of
office and disclosed that the position will be temporarily vacant,
until the Company’s subsequent Extraordinary GMS related to the
appointment of the replacing President Commissioner, by fully taking
into account the fit and proper test from the Financial Services
Authority (OJK).
3. Appointed Darmadi Sutanto as Deputy President Director of the
Company which will be effective subject to and on the date of when
obtaining approval of Fit and Proper Test from Financial Services
Authority.
Thus, the complete composition of the members of the Board of Directors

and the Board of Commissioners, effective as of the closing of the GMS, is
as follows:
Board of Directors:
256 President Director : Ongki Wanadjati Dana
Deputy President Director : Kazuhisa Miyagawa
Deputy President Director : Darmadi Sutanto*)
Director of Compliance : Dini Herdini
Director : Yasuhiro Daikoku

Board of Commissioners:
President Commissioners (Independent) : Vacant
Vice President Commissioners : Chow Ying Hoong
Commissioner (Independent) : Ninik Herlani Mashli Ridhwan
Commissioner (Independent) : Irwan Mahjudin Habsjah
*) Darmadi Sutanto will be effective subject to and on the date when

obtaining approval of Fit and Proper Test from Financial Services
Authority
4. Granted full power and authority to the Board of Directors of the

Company with the right of substitution to restate the decision in this
Meeting agenda into a Notarial Deed and submit all relevant documents
to the authorized institution including but not limited to the Ministry
of Law and Human Rights, and for this reason to take necessary
actions in accordance with the Company’s Articles of Association,
Bank Indonesia’s Regulations and the Financial Services Authority’s
Regulations.
Voting Result:
Non-Affirmative : Tidak setuju 1,223,500 shares or 0.02%
AGENDA RESOLUTION
Agenda 4: 1. a. Determined the amount of honorarium and allowances for the Board
Determination on the remuneration, allowances, tantiem of Commissioners of the Company for Fiscal Year 2020 as well as
and/or bonus for the members of the Board of Directors the amount of bonus for members of the Board of Commissioners
as well as honorarium, allowances, tantiem and/or bonus for their contributions during the fiscal year which ended on 31
for the members of the Board of Commissioners of the December 2019, to be disbursed in the year 2020, of which the total
Company. amount shall not exceed Rp27,300,000,000,- (twenty seven billion
three hudred million rupiah) gross before Income Tax.
b. Granted authority to the Vice President Commissioner of the
Company to determine the honorarium and allowances for Fiscal
Year 2020 as well as the bonus for Fiscal Year 2019 for each
member of the Company’s Board of Commissioners:
This authority of the Company’s Vice President Commissioners
shall be carried out in representing the authority of the President
Commissioner of the Company which is currently vacant and to
be carried out by taking into account recommendations from the
Committee of Remuneration and Nomination.
2. Granted authority to the Board of Commissioners of the Company to
determine the remuneration and salary as well as other allowances for
each member of the Board of Directors for Fiscal Year 2020 as well as
bonus oro each member of the Board Directors for their contribution
during the fiscal year which ended on 31 December 2019, to be
disbursed in the year 2020.
This authority is carried out by taking into account the recommendations
from the Committee of Remuneration and Nomination.
Voting Result:
Non-Affirmative : 0 shares or 0.00% 257

Agenda 5: 1. Approved the appointment of Siddharta Widjaja & Partner as the Public
Appointment of a Public Accountant and/or Public Accounting Office (KAP), and Liana Lim as the Public Accountant
Accounting Office for Fiscal Year 2020. registered at the Financial Services Authority. KAP Siddharta Widjaja &
Partner is from the global KPMG International network and will conduct
the Company’s financial statement audit for fiscal year which ends in 31
December 2020.
2. Granted authority to the Board of Commissioners of the Comopany to
determine the requirement and stipulation as well as the audit service
fee of the Public Accounting Office as denoted in point 1 above by
taking into account the recommendations from the Company’s Audit
Committee.
3. Granted authority to the Board of Commissioners to determine the
Substitute Public Accounting Office and/or Substitute Public Accountant
in the event the appointed Public Accountant based on the resolution
of the General Meeting of Shareholders, for any reason is not able to
complete/conduct the audit of the Financial Statements of 31 December
2020, including in determining the amount of honorarium and other
requirements related to the appointment of the concerned Substitute
Public Accounting Office and/or Public Accountant.
Voting Result:
Non-Affirmative : 0 shares or 0.00%
AGENDA RESOLUTION
Agenda 6: Re-confirm the resolution to establish and conduct the ESOP Program 2016,
Re-confirm of the resolution on the implementation of the as accepted in the Extraordinary General Meeting of Shareholders on 24
Company’s Employee Stock Option (ESOP) Program March 2017, the Annual General Meeting of Shareholders of 29 March 2018
and the Annual General Meeting of Shareholders of 15 February 2019.
1. Granted full authority and power to the Board of Commissioners to
conduct and implement all and every step, action or any measure
required by prevailing laws and regulations or the Company’s Articles
of Association, or as the Board of Commissioners deem necessary to
conduct and implement, for and in the effort to execute or actualize the
ESOP Program 2016, among others (but not limited to) on the following:
a. From time to time, add or increase the Company’s issued
capital and paid-up capital with a total addition not exceeding
Rp2,336,114,920,- (two billion three hundred thirty six million one
hundred fourteen thousand nine hundred twenty rupiah), by means
of issuing new shares in the amount of not more than 116,805,746
(one hundred sixteen million eight hundred five thousand seven
hundred forty six) shares, each at a nominal value of Rp20,- (twenty
rupiah), in accordance with the decision undertaken in the 2017
Extraordinary GMS, 2018 Annual GMS and 2019 Annual GMS.
b. Establish, issue and take effect the regulation, provision and
policy in any form regarding the implementation of ESOP Program
2016 (without reducing the applicable regulations of the Stock
Market), determine the participant with the righ to purchase the
Company’s shares in the ESOP Program 2016 and establish the
share price to be purchased by ESOP Program 2016 participants
or the Implementation Price, including (but limited to) establishing
the changes or adjustments on the requirements and provisions of
258 the ESOP Program 2016 in accordance with the regulations and
requirements which may eventually be issued by the authorized
institution in the Capital Market, including the Financial Services
Authority.
c. Granted power and authority to the Boar dof Dirctors of the

Company to take steps and actions or any measure necessary
regarding or related to the implementation of the ESOP Program
2016 on which the Company’s Board of Directors has no conflict of
interest.
2. Granted authority and power to the Board of Commissioners as
aforesaid shall take effect as of the proposal proposed in this agenda
has been approved by this Meeting, and it can be revoked, without
prejudice to prevailing laws and regulations, including the Company Law
and the regulations of the Capital Market.
Voting Result:
Non-Affirmative : 1,223,500 shares or 0.02%
Conducted in accordance with the GMS resolutions
Agenda 7: Approved the Policy and Document of the Company’s Recovery Plan
Approval of the Recovery Plan of the Company
Voting Result:
Affirmative : 7,628,613,815 shares or 100%
Agenda 8: -
Report on the realization of bond utilization
This Agenda is a Report and therefore it does not require voting.
AGENDA RESOLUTION
Agenda 9: 1. Approved the amendment of the Articles of Association of the Company

Amendment of the Articles of Association on the Article regarding e-Proxy and e-GMS as follows:
a. adjust Article 11 paragraph 2, to be written and read as follows:
Shareholders have the right to attend the Company’s GMS, both
in person or represented by another shareholder or person, with a
power of attorney or other forms of verification as stipulated by the
laws and regulations prevailing in the capital market.
b. Add-on a new provision in Article 11 as follows:
In addition to implementing GMS as denoted in the above
stipulation, GMS may also be conducted through a teleconference
media, video conference, or other electronic media that allow all
participants of the GMS to be able to directly see and hear each
other and take part in the GMS, with taking into account all laws
and regulations prevailing in the capital market.
Company with substitution right to restate the resolution in the Meeting’s
agenda item 1 into Notarial Deed and submit all related documents
to the authorized institution including but not limited to the Ministry
of Law and Human Rights, and for this pupose to take necessary
actions in accordance with the Company’s Articles of Association,
Bank Indonesia’s Regulations and the Financial Services Authority’s
Regulations.
Voting Result:
Realization/Follow-Up: 259

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
The Extraordinary GMS held on 18 November 2020 was attended by the Shareholders, the Board of Commissioners
and the Board Directors. There were participants who attended in person, some who attended through the facilitated
video conference.
Stages of the Extraordinary GMS
Submission Date Date of SubmissionDate

Date of Meeting
of the Meeting Recording of the Date of Invitation of Meeting
Announcement Implementation
Plan Shareholders List Resolution
2 October 2020 and 12 October 2020 26 October 2020 27 October 2020 18 November 2020 19 November 2020
27 October 2020 and 8 December
2020
Extraordinary GMS Participants

Participants who attended the meeting in person are as follows:
Board of Directors Board of of Commissioners Shareholders
Ongki Wanadjati Dana Ninik Herlani Masli Ridhwan Sumitomo Mitsui Banking Corporation, holder of
President Director Commissioner (Independent) 7,532,311,297 of the Company’s
shares, represented by Tetsushi Tanaka, based on
Power of Attorney dated 29 October 2020.
Dini Herdini PT Bank Central Asia Tbk , holder of 83,052,408
Director of Compliance of the Company’s shares, represented by Soma
Muhammad Nur Huda, based on Power of
Attorney dated 12 November 2020.
The Public with ownership of below 5% for a total

of 34,500 of the Company’s shares.
Participants who attended the meeting through the facilitated media of video conference are as follows:
Board of Directors Board of Commissioners
Kazuhisa Miyagawa, Deputy President Director Chow Ying Hoong, Vice President Commissioner
Darmadi Sutanto, Deputy President Director Irwan Mahjudin Habsjah, Independent Commissioner
Yasuhiro Daikoku, Director Takeshi Kimoto, Commissioner
Adrianus Dani Prabawa, Director
Henoch Munandar, Director
Hiromichi Kubo, Director
Merisa Darwis, Director
Hanna Tantani, Director
Agenda, Resolutions and Realization of the Extraordinary GMS
AGENDA RESOLUTION
Agenda 1: 1. Approved the amendment of the Company’s Articles of Association with the purpose
Amendment of the Articles of Association of to adjust to the Regulation of the Financial Services Authority No. 14/POJK.04/2019
the Company regarding the Amendment of the Financial Services Authority Regulation No. 32/
POJK.04/2015 on Additional Capital of Public Companies by Providing the Right
260 to Order Securities in Advance, the Financial Services Authority Regulation No.
15/POJK.04/2020 on the Planning and Implementation of the General Meeting of
Shareholders of Public Companies, and the Financial Services Regulation No. 16/
POJK.04/2020 on the Implementation of Electronic General Meeting of Shareholders

of Public Companies, as the main points of changes disclosed at the Meeting.
2. Approved the granting of power to the Board of Directors with the right of substitution
to restate into a Notarial Deed of the above resolution including to reform the
Company’s Articles of Association into a Notarial Deed, followed by a request to
notify of the changes in the Company’s Articles of Association to the Minister of
Law and Human Rights of the Republic of Indonesia as well as to announce it in the
State News of the Republic of Indonesia, and for this purpose, compose the changes
and/or additions however required by the Minister of Law and Human Rights of the
Republic of Indonesia so that the change in the Articles of Association is approved
and fulfills all requirements setforth by prevailing laws and regulations.
Voting Result:
Agenda 2: 1. Approved the resignation of Kazuhisa Miyagawa as the Company’s Deputy President
Resignation of a member of the Board of Director effective as of the closing of the Meeting.
Directors of the Company 2. Granted the full release and discharge (volledig acquit et de charge) of all services
contributed during his term of office since January 2020 until the effective date of his
resignation, as long as the actions of the concerned are reflected in the concerned
Annual Report and the Financial Statements and as long as the Annual Report and the
Financial Statement of the concerned are approved and ratified by the Annual General
Meeting of Shareholders (GMS) of the Company for fiscal year 2020, which will be
held in the year 2021.
Voting Result:
Agenda 3: 1. Approved the appointment of Kaoru Furuya as Deputy President Director of the
Appointment of a member of the Board of Company effective as of the closing of the Meeting, by taking into account the
Directors of the Company prevailing laws and regulations regarding the term of office as the remaining period of
the term of office of the incumbent members of the Board of Directors, namely until
the closing of the Company’s Annual GMS which will be held in the year 2022, without
prejudice to the rights of the GMS or prevailing laws and regulations to dismiss a
Board member at anytime prior to the completion of the term of office.
2. Granted authority to the Board of Directors of the Company to determine the effective
date of the appointment of Kaoru Furuya related to his working permit, without having
necessity through the resolution of the GMS.
AGENDA RESOLUTION
Voting Result:
Agenda 4: Approved the appointment of Chow Ying Hoong as the President Commissioner of the
Appointment of a member of the Board of Company, who was previously officiated as the Vice President Commissioner of the
Commissioners (President Commissioner) of Company, effective as of the closing of the Meeting with his remaining term of office until
the Company the closing of the Annual GMS which will be held in the year 2022, without prejudice to
the rights of the GMS or prevailing laws and regulations to dismiss at anytime prior to the
completion of the term of office.
Voting Result:
Realisasi/Tindak Lanjut:
Conducted and to be executed in accordance with the GMS resolutions
Agenda 5: 1. Approved the appointment of Edmund Tondobala as Independent Commissioner of
Appointment of a member of the Board of the Company effective as of the closing of the Meeting with the remaining term of
Commissioners (Independent Commissioner) office of incumbent members of the Board of Commissioners, namely until the closing
of the Company of the Annual GMS of the Company which will be held in the year 2022, without
prejudice to the rights of the GMS or prevailing laws and regulations to dismiss
members at anytime prior to the completion of the term of office.
261
Thus, the complete composition of the members of the Board of Directors and the
Board of Commissioners of the Company effective as of the closing of the Meeting is

as follows:
Board of Directors:
President Director : Ongki Wanadjati Dana
Deputy President Director : Kaoru Furuya*)
Deputy President Director : Darmadi Sutanto
Compliance Director : Dini Herdini
Board of Commissioners:
President Commissioner : Chow Ying Hoong
Vice President Commissioer : Eliminated**)
Commissioner (Independent) : Ninik Herlani Mashli Ridhwan
Commissioner (Independent) : Edmund Tondobala
*) The appointment of Kaoru Furuya as Deputy President Director of the Company

will be effective as of the issuance of the work permit from the Ministry of
Manpower of the Republic of Indonesia.
**) The position of the Vice President Commissioner is eliminated effective as of the
acceptance of the announcement of the change in the Articles of Association
of the Company by the Ministry of Law and Human Rights of the Republic of
Indonesia.
2. Granted power to the Board of Directors of the Company with the right of substitution
to restate the resolution of Agenda 2 up to Agenda 5 of the Meeting into a Notarial
Deed and submission to the Ministry of Law and Human Rights, as well as to take
necessary actions as required in accordance with the Articles of Association of the
Company and prevailing laws and regulations.
Voting Result:
Conducted and to be executed in accordance with the GMS resolutions
RESOLUTIONS AND REALIZATION OF THE PREVIOUS ANNUAL GMS
Resolutions and Realization of the Annual GMS of 15 February 2019
AGENDA RESOLUTION
Agenda 1: 1. a. Approved the SMBCI Annual Report for the financial year ended 31
Approval of the Annual Report and the ratification of the December 2018, including the Supervisory Report of the Board of
Company’s Financial Statements for the fiscal year ended Commissioners of SMBCI.
31 December 2018; granting of a full release and discharge b. Approved the BTPN Annual Report for the fiscal year ended 31
(volledig acquit et decharge) to the members of the Board of December 2018, including the Supervisory Report of the Board of
Directors and the Board of Commissioners of the Company Commissioners of BTPN.
for the management and supervisory actions carried out 2. a. Ratified SMBCI’s Financial Statements for the fiscal year ended
during the fiscal year ended 31 December 2018 31 December 2018 as audited by the Public Accounting Office
SIDDHARTA WIDJAJA & Rekan with an UNQUALIFIED opinion, and
is contained in the 2018 SMBCI Annual Report.
b. Ratified BTPN’s Financial Statements for the fiscal year ended
31 December 2018 as audited by the Public Accounting Firm
TANUDIREDJA, WIBISANA, RINTIS & Rekan with an UNQUALIFIED
opinion, and is contained in the 2018 BTPN Annual Report.
3. Granted full release and discharge (volledig acquit et decharge) to the
members of the Board of Directors and the Board of Commissioners of
SMBCI who served during the fiscal year ended 31 December 2018 and
the members of the Board of Directors and the Board of Commissioners
of BTPN who served during the fiscal year ended 31 December 2018
for all management and/or supervisory actions (including the members
of the Board of Directors and the Board of Commissioners of SMBCI
262 and BTPN who resigned at the SMBCI and BTPN Extraordinary General
Meeting of Shareholders on 5 October 2018), provided that those
actions are reflected in the Annual Report and the Financial Statements
of SMBCI and BTPN for the fiscal year ended 31 December 2018, by
taking into account of the prevailing laws and regulations.

Voting Result:
1. Affirmative : 4,993,859,772 or 99.99%
2. Non-Affirmative :-
3. Abstain : 644,800 or 0.01%
Total Affirmative Votes : 4,994,504,572 or 100.00%
Affirmation of Decision : Unanimous Vote
Realization
The Company’s Annual Report and financial statements have been approved by the Shareholders and are available on the Company’s
website.
AGENDA RESOLUTION
Agenda 2: 1. Confirmed that in accordance with the Profit and Loss Statement
Determination on the appropriation of the Company’s net of SMBCI for the fiscal year ended on 31 December 2018, the total
profit for the fiscal year ended at 31 December 2018 net profit acquired by SMBCI during the fiscal year amounted to
Rp989,673,000,000 (nine hundred eighty-nine billion six hundred
seventy-three million Rupiah).
2. Confirmed that in accordance with the Profit and Loss Statement of
BTPN for the fiscal year ended on 31 December 2018, the total net profit
earned by BTPN in the fiscal year amounted to Rp1,968,290,937,818
(one trillion nine hundred sixty-eight billion two hundred ninety million
nine hundred thirty-seven thousand eight hundred eighteen rupiah)
3. Approved the use of SMBCI’s total net profit in the amount of
Rp989,673,000,000 (nine hundred eighty-nine billion six hundred
seventy-three million Rupiah) as follows:
a. For the fiscal year ended 31 December 2018, SMBCI will not
distribute dividends to shareholders;
b. The total comprehensive net income after income tax obtained by
SMBCI during the fiscal year ended 31 December 2018, amounting
to Rp989,673,000,000 (nine hundred eighty-nine billion six hundred
seventy three million Rupiah) shall be booked as retained earnings.
4. Approved the use of the total net profit obtained by the Company in the
amount of Rp1,968,290,937,818 (one trillion nine hundred sixty-eight
billion two hundred ninety million nine hundred thirty seven thousand
eight hundred eighteen Rupiah) as follows:
a. For the fiscal year ended 31 December 2018, the Company will not
distribute dividends to shareholders;
b. The total comprehensive net income after income tax obtained by
the Company during the financial year ended 31 December 2018,
amounting to Rp1,968,290,937,818 (one trillion nine hundred sixty- 263
eight billion two hundred ninety million nine hundred thirty-seven
thousand eight hundred eighteen Rupiah) shall be booked as
retained earnings.

Voting Result:
1. Affirmative : 4,994,504,572 or 100%
3. Abstain :
Total Affirmative Votes :
Affirmation of Decision : Unanimous Vote
Realization
The resolution has been realized and followed up
AGENDA RESOLUTION
Agenda 3: 1. Approved to reappoint:

Changes to the composition of the members of the Board of
Directors and the Board of Commissioners of the Company. Board Of Directors

Compliance Director (Independent) : Dini Herdini
President Commissioner (Independent) : Mari Elka Pangestu

Vice President Commissioner : Chow Ying Hoong
Commissioner (Independent) : Ninik Herlani Masli Ridhwan
Commissioner (Independent) : Vacant (Position Previously
Held By Toni Prasetiantono)
Effective at the closing of the Meeting and up to the closing of the

Annual General Meeting of Shareholders in 2022 without prejudice to
any changes that may occur prior to the end of the term of office.

264 Company with the right of substitution to restate the decision in item 1
in the agenda of the Meeting into a Notarial deed and submit all relevant
documents to the authorized institution, including but not limited to the
Ministry of Law and Human Rights, and take any necessary actions
to do so in accordance with the Company’s Articles of Association,

the Bank Indonesia Regulations and the Financial Services Authority
Regulations.
Votes:
1. Affirmative : 4,963,942,865 or 99.3880933%
2. Non-Affirmative : 30,561,707 or 0.6119067%
3. Abstain :-
Affirmation of Decision : Majority Vote
Realization:
The resolution has been realized and followed up. Deed of Resolution of the Annual General Meeting of Shareholders of PT Bank BTPN Tbk
No.14 dated 15 February 2019 made by Notary Ashoya Ratam, SH, MKn., Notary in South Jakarta Administrative City.
AGENDA RESOLUTION
Agenda 4: 1. Granted full power and authority to the Company’s Board of

Determination on the remuneration, allowances, tantiem Commissioners to determine the total amount of salary and allowances
and/or bonus to the for the members of the Board of to be paid to members of the Board of Directors for the year ended 31
Directors as well as honorarium, allowances, tantiem and/or December 2019 and the amount of bonuses to be paid to the members
bonus to the Board of Commissioners of the Company. for of the Board of Directors for the services provided in the fiscal year
the members of the Board of Commissioners for the fiscal ended 31 December 2018, which shall be paid in 2019. Determined
year ended 31 December 2019; for services rendered to the the distribution of the salaries, allowances and bonuses among the
Company during the financial year ended 31 December members of the Board of Directors with due consideration of the
2018, which shall be paid in the 2019 fiscal year. recommendations of the Company’s Remuneration and Nomination
Committee.
2. In accordance with the recommendations of the Remuneration and
Nomination Committee contained in the Minutes of the Company’s
Remuneration and Nomination Committee Meeting No. MOM/RNC/002/
II/2019 dated 8 February 2019, which were approved by the Board of
Commissioners in the Circular Decision of the Board of Commissioners
No. PS/BOC/005/II/2019 8 dated February 2019, the total amount
of honorarium and allowances for the members of the Board of
Commissioners for the fiscal year ended 31 December 2019 and the
amount of bonuses for the members of the Board of Commissioners for
services in the fiscal year ended 31 in December 2018, which shall be
paid in 2019, is to be no more than Rp27.3 billion (twenty-seven point
three billion Rupiah) gross, before income tax. Granted the authority to
the Board of Commissioners to determine the distribution of the total
honorarium, allowances, and bonuses among the members of the Board
of Commissioners with due consideration of the recommendations of
the Company’s Remuneration and Nomination Committee.
3. The amount of bonuses for the members of the Board of Directors and
the Board of Commissioners will reduce the amount of tantiem reserves 265
posted in the Company’s Balance Sheet or Financial Position Report
for the year ended 31 December 2018, provided that there is a residual
amount in the tantieme reserves after the deduction of the amount of

bonuses paid to the members of the Board of Directors and the Board
of Commissioners, the remaining amount will be posted as other income
from the Company in the fiscal year ended 31 December 2019.
4. The amount of salary and allowances, including bonuses, to be paid by
the Company to the members of the Board of Directors, as well as the
amount of honorarium and allowances, including bonuses, to be paid by
the Company to the members of the Board of Commissioners, in 2019
(two thousand and nineteen) will be outlined in The Annual Report for
the fiscal year ended 31 December 2019 and will be submitted to the
Financial Services Authority.
5. The power and authority granted shall be effective as of the date the
proposal submitted in this agenda is approved by this Meeting and
cannot be cancelled
Votes:
1. Affirmative : 4,994,378,572 or 99.9974772%
2. Non-Affirmative : 126,000 or 0.0025228%
3. Abstain :-
Realization:
The resolution has been realized and followed up.
AGENDA RESOLUTION
Agenda 5: 1. Appointed the Public Accounting Office SIDDHARTA WIDJAJA & Rekan and Public
Appointment of a Public Accountant to audit Accountant Liana Lim to examine or audit the Company’s books and records for the
the Company’s books for the year ended 31 Fiscal Year ended 31 December 2019.
December 2019, 2. Approved the honorarium of the Public Accounting Office for the fiscal year ended
and to determine the honorarium 31 December 2019, namely the Company’s annual audit fee, in the amount of
and other terms applicable to
the appointment of the Public Rp8,000,000,000 (eight billion Rupiah) (excluding tax & out-of-pocket expenses).
Accountant. 3. Authorized the Board of Commissioners to appoint a Substitute Public Accounting
Office and/or a Substitute Public Accountant in the event the Public Accounting
Office and/or Public Accountant who has been appointed by the resolution the
General Meeting of Shareholders for whatsoever reason unable to finalize the audit
of the financial statements for the year ended 31 December 2019. This includes
the determination of the conditions, including the amount of honorarium, of the
appointment of the Substitute Public Accounting Office and/or Public Accountant.
Votes:
1. Affirmative : 4,974,378,572 or 99.5970371%
3. Abstain :-
Realization:
Agenda 7: 1. Reconfirmed the resolution to establish and implement the Company’s Employee
Reconfirmation of the resolution about the Stock Option Program (2016 ESOP Program) made at the 2016 EGMS, the 2017
Company’s Employee Stock Option Program AGMS, and the 2018 AGMS.
(ESOP Program) made at the Extraordinary 2. Granted authorization to the Company’s Board of Commissioners to perform any
General Meeting of Shareholders held on 29 actions that are required by the applicable laws and regulations or the Company’s
266 April 2016, the Annual General Meeting of articles of association, or deemed necessary, to realize the 2016 ESOP Program,
Shareholders held on 24 March 2017, and among others:
the Annual General Meeting of Shareholders a. Increasing the Company’s issued and paid up capital as long as this amount
held on 29 March 2018. Submission Date does not exceed Rp2,336,114,920 (two billion three hundred thirty six million
of Meeting Resolution to the Board of one hundred fourteen thousand nine hundred twenty Rupiah) by issuing new
Commissioners to take any necessary action shares in an amount not exceeding 116,805,746 (one hundred and sixteen million
to implement the ESOP Program, including eight hundred five thousand seven hundred forty-six), each with a nominal value
increasing the amount of the Company’s of Rp20 (twenty Rupiah), in accordance with the resolution of the 2015 EGMS,
issued and paid up capital in accordance with which was confirmed at the 2016 EGMS, the 2017 AGMS, and the 2018 AGMS.
the resolution adopted at the abovementioned b. To create, issue, and enforce regulations, provisions, and policies of any kind
Extraordinary General Meeting of regarding the implementation of the 2016 ESOP Program (without affecting the
Shareholders. regulations applicable in the Capital Market), determine who is entitled to buy
new shares issued by the Company in the framework of the 2016 ESOP Program
and determine the exercise price. To make changes to the terms and conditions
of the 2016 ESOP Program with the regulations and requirements that can later
be issued by the authorized institutions in the Capital Market, including the
c. Granted the authorization to the Company’s Board of Directors to take actions
concerning the implementation of the 2016 ESOP Program, as long as there is no
conflict of interests.
The granting of authorization to the Board of Commissioners shall be effective when

the proposal is accepted and approved by this Meeting. This authorization cannot be
withdrawn or revoked, by not reducing the applicable laws and regulations, including
the Company Law and legislation in the Capital Market sector.
3. To eliminate doubts, the addition of the issued and paid up capital contained in this
resolution does not affect the resolution to increase the Company’s issued and paid
up capital, which has been made in order to implement the 2015 MESOP Program, as
outlined in the 6th (sixth) agenda of the Meeting.
Votes:
1. Affirmative : 4,984,152,365 or 99.7927281%
3. Abstain :-
Realization:
AGENDA RESOLUTION
Agenda 6: 1. Reconfirmed the resolution about the establishment and implementation

Reconfirmation of the resolution on the Company’s of the Company’s Management and Employee Stock Option Program
Management and Employee Stock Option Program (2015 MESOP), which was adopted at the Extraordinary General
(MESOP) at the General Meeting of Shareholders on Meeting of Shareholders on 26 March 2015 (2015 EGMS), the
26 March 2015, the Extraordinary General Meeting of Extraordinary General Meeting of Shareholders on 29 April 2016 (2016
Shareholders on 29 April 2016, the Annual General Meeting EGMS), the Annual General Meeting of Shareholders on 24 March 2017
of Shareholders on 24 March 2017, and the Annual General (2017 AGMS), and the Annual General Meeting of Shareholders on 29
Meeting of Shareholders on 29 March 2018 and granting March 2018 (2018 AGMS).
authorization to the Board of Commissioners to take any 2. Granted full power and authority to the Company’s Board of
necessary action to implement the MESOP Program, Commissioners to perform any actions that are required by the
including increasing the amount of the Company’s issued applicable laws and regulations or the Company’s articles of
and paid up capital in accordance with the resolution association, or deemed necessary, to realize the 2015 MESOP Program,
adopted at the abovementioned Extraordinary General among others:
Meeting of Shareholders. a. Increasing the Company’s issued and paid up capital as long as this
amount does not exceed Rp4,672,229,820 (four billion six hundred
seventy two million two hundred twenty nine thousand eight hundred
twenty Rupiah), by issuing new shares in an amount not exceeding
233,611,491 (two hundred thirty three million six hundred eleven
thousand four hundred ninety one), each with a nominal value of Rp20
(twenty Rupiah), in accordance with the resolution of the 2015 EGMS,
which was confirmed at the 2016 EGMS, the 2017 AGMS, and the 2018
AGMS.
b. To create, issue, and enforce regulations, provisions, and policies of
any kind regarding the implementation of the 2015 MESOP Program
(without affecting the regulations applicable in the Capital Market),
determine who is entitled to buy new shares issued by the Company in
the framework of the 2015 MESOP Program and determine the exercise
price. To make changes to the terms and conditions of the 2015 MESOP 267
Program with the regulations and requirements that can later be issued
by the authorized institutions in the Capital Market, including the

c. Granted the authorization to the Company’s Board of Directors to take
actions concerning the implementation of the 2015 MESOP Program, as
long as there is no conflict of interests.
The granting of authorization to the Board of Commissioners shall come

into force from the time the proposal is accepted and approved by this
Meeting. This power and authority cannot be withdrawn or revoked,
by not reducing the applicable laws and regulations, including the
Company Law and legislation in the Capital Market sector.
Votes:
1. Affirmative : 4,984,152,365 or 99.7927281%
3. Abstain :-
Realization:
Extraordinary GMS Resolutions and Realization of 11 September 2019

AGENDA RESOLUTION
Agenda 1: Approved the appointment of Ms. HANNA TANTANI as a Director of the

Changes in the Composition of the Company’s Board of Company with the remaining term of office of the incumbent members Board
Directors. of Directors, which is from the closing of this Meeting until the closing of the
Annual General Meeting of Shareholders in 2022. The composition of the
Company’s Board of Directors is as follows::
BOARD OF DIRECTORS
Compliance Director (Independent) : Dini Herdini
The term of office of all members of the Board of Directors is effective until
the closing of the Annual General Meeting of Shareholders in 2022, without
prejudice to the right of the General Meeting of Shareholders and other
prevailing regulations to terminate their term of office at any time before the
expiration of his/her term of office.
Votes:
1. Affirmative : 7,933,621,769 (100%)
268 2. Non-Affirmative
3. Abstain
:-
:-
Basis of Decision : Unanimous Vote
Realization:
The resolution has been realized and followed up. Deed of Resolution of the Extraordinary General Meeting of Shareholders of PT Bank
BTPN Tbk No.16 dated 11 September 2019 made by Notary Ashoya Ratam, SH, MKn., Notary in South Jakarta Administrative City.
AGENDA RESOLUTION
Agenda 2: Approved the appointment of Mr. IRWAN MAHJUDIN HABSJAH as an

Changes in the Composition of the Company’s Board of Independent Commissioner of the Company with the remaining term of
Commissioners. office of the incumbent members Board of Commissioners, which is from
the closing of this Meeting until the closing of the Annual General Meeting
of Shareholders in 2022. The composition of the Company’s Board of
Commissioners is as follows:
President Commissioner (Independent) : Mari Elka Pangestu
Vice President Commissioner : Chow Ying Hoong
Commissioner (Independent) : Ninik Herlani Masli
Ridhwan
The term of office of all members of the Board of Commissioners is effective

until the closing of the Annual General Meeting of Shareholders in 2022,
without prejudice to the rights of the General Meeting of Shareholders and
other prevailing regulations to terminate their term of office at any time, or
other applicable laws and regulations before the expiration of his/her term of
office.
Votes:
1. Affirmative : 7,933,621,769 (100%)
3. Abstain :-
Basis of Decision : Unanimous Vote
Realization:
The resolution has been realized and followed up. Deed of Resolution of the Extraordinary General Meeting of Shareholders of PT Bank
BTPN Tbk No.16 dated 11 September 2019 made by Notary Ashoya Ratam, SH, MKn., Notary in South Jakarta Administrative City.
Majority and Controlling Shareholders
SUMITOMO MITSUI
FINANCIAL GROUP (SMFG)
100%
Sumitomo Mitsui PT Bank Negara

Public PT Bank Central Asia
Treasury Stock Banking Corporation Indonesia (Persero)
(<5%) Tbk
(SMBC) Tbk
1.17% 5.23% 92.43% 0.15% 1.02%
PT Bank BTPN Tbk
70.00%
PT Bank BTPN Controlling Shareholder 269

Syariah Tbk
Position as of 31 December 2020 Majority Shareholder

BOARD OF COMMISSIONERS All provisions require that companies within the
The Board of Commissioners is the Company’s main jurisdiction of the Indonesian law must have a Board
organ responsible for the monitoring of the Company’s of Commissioners. Its main duty is to monitor policy
policy as well as for providing advice to the Board management, the management process in the company
of Directors. The duties, responsibilities, and other while also keep an eye and provide advice/suggestions
authority retained by the Board of Commissioners are to the Board of Directors.
regulated by the prevailing laws and regulations, among
others through the Law No. 40 of the year 2007 on Appointment Procedure
Limited Liability Company. The policy on the nomination of members of the
Board of Commissioners is conducted in the event
The Board of Commissioners is appointed and of selecting and/or replacing members of the Board
dismissed by the General Meeting of Shareholders of Commissioners which will then be disclosed in
(GMS) based on the recommendation of the the General Meeting of Shareholders. The candidate
Remuneration and Nomination Committee and effective selection process is carried out by the Remuneration
since the date determined by the GMS and ends by and Nomination Committee. The Committee takes into
the closing of the 3rd (third) GMS following the date of account the competence, and professional experience,
appointment. Determining the composition of the Board as well as the diversity of the board’s composition
of Commissioners is carried out through considering regardless of the difference in race, ethnicity, gender
the needs and complexity of the Bank. The composition and religion.
of the Board of Commissioners is based on expertise,
professional experience and background. The Remuneration and Nomination Committee
proposes the selected candidate to the Board of
Legal Basis Commissioners for approval and ratification in the
The legal basis of the Board of Commissioners’ General Meeting of Shareholders.
existence within the Bank, is based on a number of
prevailing regulations. Among others, the Law No.
40 of Year 2007 on Limited Liability Companies and
the Financial Services Authority Regulation No. 33/
POJK.04/2014 on the Board of Directors and the Board
of Commissioners of Issuers or Public Companies,
including the Company’s Articles of Association.
The following is the nomination process of members of

the Board of Commissioners:
SELECTION &
PROPOSAL DECISION
RECOMENDATION
1. Nomination Proposal 3. The Selection 5. Collection 8. OJK approval 10. GMS
of the members Process by the andsubmission of the of prospecctive
of the Board of Remuneration fit and proper test members of
Commissioners by and Nomination application files by the the Board of
the Shareholders/ Committee,consist of: Corporate Secretary Commissioners
Board of a. Competence and to Compliance
Commissioners/ track record
Board of Directors analysis
b. Interview (if
required)
2. Submission of the 4. Submission of the 6. The Compliance 9. The Board of 11. Report to OJK
nomination proposal Recomendations of Director issues a Commissioners the changes of
of the Board of the Remuneration Compliance Checklist proposes the the composition
Commissioners to and Nomination nomination to the members of
the Remuneration Committee to 7. Submission of the GMS the Board of
and Nomination the Board of Fit and Proper Commissioners
Committee Commissioners Test application
270 documents
Criteria of Members of the Board of Commissioners Members of the Company’s Board of Commissioners
In accordance with prevailing provisions, members of sign a statement related to Corporate Governance when
the Board of Commissioners are required to take the taking up the fit and proper test. This statement is
Fit and Proper Test prior to executing their duties. The updated on yearly basis, and the latest was done for the
Bank’s Management must fulfill the requirements of position at the end of December 2020.
integrity, competence and sound financial reputation.
As of 31 December 2020, all members of the Board of Manual of the Board of Commissioners (Board
Commissioners have met the requirements to pass the Manual)
evaluation on competence and compliance. In executing their duties and responsibilities, members
of the Board of Commissioners are guided by the Board
Independence of the Board of Commissioners Manual of the Board of Commissioners. The Manual
Bank BTPN is in compliance with the prevailing laws is periodically updated and enhanced with reference to
and regulations related to the independence of the prevailing regulations and provisions. The Manual of
Board of Commissioners: the Board of Commissioners was last reviewed on 18
• The Board of Commissioners of BTPN has met the December 2020.
required number of members, composition, criteria
and independence of members who have fulfilled Based on the review, the content of the Board Manual
the criteria and independence as regulated by Bank of the Board of Commissioners is as follows:
Indonesia, 1. Organization
• The Board of Commissioners consists of 5 2. Independence
members, of which 3 (three) members, or more 3. Duties, Responsibilities, and Authority
than 50.0% are Independent Commissioners. 4. Establishment of Committees
The Independent Commissioners have met all the 5. Function of the President Commissioner
independence criteria stipulated in OJK regulations. 6. Ethical Values of Members of the Board of
• Replacement and appointment of members of Commissioners
the Board of Commissioners takes into account 7. Meetings
the recommendations of the Remuneration and 8. Accountability of the Board of Commissioners
Nomination Committee.
• Each member of the Board of Commissioners has Composition of the Board of Commissioners
no family relations up to second degree with other The Board of Commissioners consists of 5 (five)
members of the Board of Commissioners and/or the members and shall not exceed the number of members
Board of Directors. of the Board of Directors which totals 10 members.
• Members of the Board of Commissioners do not As many as 3 (three) of the 5 (five) members or more
hold any concurrent positions exceeding that
permitted
than 50% (fifty percent) of the total members of the Board of Commissioners are Independent Commissioners. The
majority members of the Board of Commissioners are citizens with domicile in Indonesia.
BEFORE THE ANNUAL GMS ON 23 APRIL 2020
Name Position Term of Office
Mari Elka Pangestu President Commissioner (Independent) 2019-2022
Chow Ying Hoong Vice President Commissioner 2019-2022
Takeshi Kimoto Commissioner 2019-2022
Ninik Herlani Masli Ridhwan Independent Commissioner 2019-2022
Irwan Mahjudin Habsjah Independent Commissioner 2019-2022
AFTER THE ANNUAL GMS ON 23 APRIL 2020
(vacant) President Commissioner (Independent) -
Chow Ying Hoong Vice President Commissioner 2019-2022

271

AFTER THE EXTRAORDINARY GMS ON 18 NOVEMBER 2020
Chow Ying Hoong President Commissioner 2019-2022
Edmund Tondobala Independent Commissioner 2020-2022
Duties and Responsibilities of Each Member of the Board of Commissioners

In general, the Board of Commissioners has the duties and responsibilities, among others, as follows:
a. To ensure the implementation of good corporate governance in each of the Bank’s line of business at all levels and
paths of the organization.
b. To conduct monitoring of the execution of duties and responsibilities of the Board of Directors, and provide advice
to the Board of Directors.
c. To direct, monitor, and assess the Bank’s strategic policy implementation.
d. To provide sufficient time to carry out duties and responsibilities at optimum level.
e. To ensure that the Board of Directors follow-up audit findings and recommendations from the Bank’s internal audit
unit, external auditor, and results of monitoring by the Financial Services Authority and/or by other authorities.
Each member of the Board of Commissioners is assigned with specific duties. Details are explained in the table
below:
Name Position Duties
Chow Ying Hoong President Commissioner Duties and responsibilities as Member of the
Remuneration and Nomination Committee
Takeshi Kimoto Commissioner Duties and responsibilities as member of the Risk

Monitoring Committee
Ninik Herlani Masli Ridhwan Independent Commissioner Duties and responsibilities as:
a. Chairman of the Audit Committee
b. Chairman of the Remuneration and Nomination
Committee
Irwan Mahjudin Habsjah Independent Commissioner Duties and responsibilities as:

a. Chairman of the Risk Monitoring Committee
b. Chairman of the Integrated Governance
Committee
Edmund Tondobala Independent Commissioner Duties and responsibilities as :

a. member of the Audit Committee
b. Member of the Integrated Governance
Committee
272 Plans and Realization of 2020 Work Plan 4. The Board of Commissioners approved the
In 2020, the Board of Commissioners actively recommendations of the Nomination and
supervised the management and operations of the Remuneration Committee in relation to determining
Bank, and provided advice to the Board of Directors. the remuneration of the members of the Board of
Commissioners and the Board of Directors.
The Board of Commissioners continued to monitor the 5. Approval of the revision of the Bank’s Business
implementation of corporate governance in all Bank Plans (RBB) 2020-2022.
activities. The board’s supervision focused on achieving 6. Review and approval of the Bank’s Business Plans
business targets and took into account prudent risk (RBB) 2021-2023 and the Sustainable Finance
management and regulatory compliance. Action Plan (RAKB).
Supervision was performed directly through the 7. Monitoring of the implementation of Integrated
monitoring of the action plan on the Board of Corporate Governance and Risk Management.
Commissioners recommendations to the Board 8. Approval of the Board of Commissioners in
of Directors, as well as through the established connection with the Annual Work Plan of the Audit
committees. Committee and the Risk Monitoring Committee.
9. The Board of Commissioners monitors the
Throughout 2020, the Board of Commissioners implementation of governance and compliance
supervised on the strategic aspect of the Bank on the with the applicable regulations including financial
following: ratios, Bank soundness levels - RBBR, APU PPT
1. Financial performance reviews of the Bank and its implementation, and risk management
Subsidiaries.
2. Through the Risk Monitoring Committee, reviews Disclosure of Share Ownership
were carried out of the Bank’s risk management, In accordance with the Financial Services Authority
the adequacy of the internal control system, and the Regulations and the Corporate Governance Policy in
implementation of a culture of compliance. relation to the Share Ownership Report or any Changes
3. Ensuring that the Board of Directors has followed up to the Share Ownership of the Board of Commissioners
the findings of the Internal Audit and External Audit, did not conduct any BTPN share purchase transactions
as well as the recommendations of the Internal Audit in 2020.
through the Audit Committee.
The following table shows the share ownership of the members of the Board of Commissioners as of 31 December
2020:
Name Position Number of Shares Percentage
Chow Ying Hoong President Commissioner - 0.00
Takeshi Kimoto Commissioner - 0.00
Ninik Herlani Masli Ridhwan Independent Commissioner - 0.00
Irwan Mahjudin Habsjah Independent Commissioner - 0.00
Edmund Tondobala Independent Commissioner - 0.00
Orientation for the Board of Commissioners Criteria for Independent Commissioners

BTPN ensures that each newly appointed member of In performing the duties and responsibilities of the
the Board of Commissioners will receive the necessary Board of Commissioners, the role of the Independent
information related to the Company in order to Commissioners is very important, specifically in their
perform his or her duties and responsibilities, and that monitoring function over the performance of the Board
the Corporate Secretary is assigned to provide the of Directors, preventing the conflict of interests as well
required information to the members of the Board of as in enhancing independence and objectivity.
Commissioners.
The Independent Commissioners are obligated to fulfill, 273
Assessment of the Committees Under the Board of among others, the following requirements:
Commissioners and the Basis of the Assessment 1. Has no relations in terms of financial, management

During 2020, the committees under the supervision and share ownership and/or family relations with
of the Board of Commissioners carried out their members of the Board of Commissioners, the Board
supervisory duties appropriately through regular of Directors and/or the controlling shareholders,
meetings with the Board of Commissioners, and which may affect their ability to act independently.
visiting branch offices to ensure the implementation of 2. Is not a person who works or has authority and
compliance, accountability, and governance. responsibility to plan, lead, control, or monitor the
Bank’s activities within the last 1 (one) year, unless
The performance assessment of the committees under to be reappointed as Independent Commissioner for
the Board of Commissioners is carried out through a the following term of office;
self-assessment by each committee member, which is 3. Has no share, directly or indirectly with the Bank;
summarized quantitatively. 4. Has no affiliation with the Bank, members of the
Board of Commissioners, members of the Board of
INDEPENDENT COMMISSIONERS Directors, or major shareholders of the Bank; and
5. Has no business relations, directly or indirectly,
Number of Independent Commissioners associated with business activities of the Bank.
In 2020, the number of Independent Commissioners is
3 (three) out of a total of 5 (five) Commissioners .Thus, Independency of Independent Commissioners
the number of Independent Commissioners complies In accordance with the OJK Regulation No. 33/
to the provision set forth by the Financial Services POJK.04/2014 regarding the Board of Directors and
Authority (OJK), a minimum of 50% of the total number the Board of Commissioners of Issuers or Public
of members of the Board of Commissioners. Companies, Independent Commissioners are members
of the Board of Commissioners from outside of the
Issuer or Public Company and meet the requirements to
act as Independent Commissioners
Ninik Herlani Masli Irwan Mahjudin

Aspect of Independency Edmund Tondobala
Ridhwan Habsjah
No ownership of shares, directly or indirectly, of the Bank √ √ √
No direct or indirect business relations associated with the

√ √ √
Bank’s business activities
No concurrent positions as: in the Board of Directors or as

√ √ √
Executive Officer who conducts supervision
No family ties up to the second degree with other

members of the Board of Commissioners and/or the Board √ √ √
of Directors
BOARD OF DIRECTORS In addition, the Bank also refers to OJK Regulation

No. 55/ POJK.03/2016 on the Implementation of
The Board of Directors is an important organ in Governance for Commercial Banks. The regulation
corporate governance, preserving the full responsibility stipulates that the Board of Directors is responsible
to manage the Bank, in accordance with the purpose for the management of the Bank. For this reason, the
and objectives of the Bank. Such authority is used for Board of Directors is obligated to apply the principles
the interest and achievement of the Bank’s objectives. of good governance in each implementation of the
This is in line with the provisions set forth by the Bank’s business activity at all levels or paths of the
regulation that the Board of Directors may represent the organization.
Bank, from inside or outside of the courts as stipulated
274 in the Articles of Association. Appointment Procedure
The nomination policy of members of the Board of
Each member of the Board of Directors carries out Directors is executed in the event of selecting and/or
the duties in accordance with the assigned tasks and replacing members of the Board of Directors which is
authority. The purpose is to obtain effectiveness of the then disclosed at the General Meeting of Shareholders.
management and achieving maximum results. The The candidate selection process is carried out by
Board of Directors of Bank BTPN always highly uphold the Remuneration and Nomination Committee. The
the importance of professional attitude, objectiveness, Committee weighs the competency, professional
strategic thinking and prioritizing the interests of the experience as well as the diversity of the composition
Bank. regardless of race, ethnicity, gender and religion.
Legal Basis The Remuneration and Nomination Committee proposes

The legal basis of the presence of a Board of Directors the selected candidates to the Board of Commissioners
within the company’s organization, is based on a for approval and ratification at the General Meeting of
number of prevailing regulations. Among others is the Shareholders. Nevertheless, the candidates must pass
Law No. 40 of 2007 on Limited Liability Companies and the Fit and Proper Test prior to begin executing their
the Financial Services Authority Regulation No. 33/ duties. The Bank Management is obligated to fulfill
POJK.04/2014 on the Board of Directors and the Board the requirements of integrity, competency and financial
of Commissioners of Issuers or Public Companies, reputation. As of 31 December 2020, all members of
including the Company’s Articles of Association. the Board of Directors have fulfilled the requirements to
pass the fit and proper assessment.
The following diagram outlines the flow of the nomination process of members of the Board of Directors:
SELECTION &
PROPOSAL DECISION
RECOMENDATION
1. Nomination Proposal 3. The Selection 5. Collection 8. OJK approval 10. GMS
of the members Process by the andsubmission of the of prospecctive
of the Board of Remuneration fit and proper test members of the
Direcotrs by the and Nomination application files by the Board of Direcotrs
Shareholders/Board Committee,consist of: Corporate Secretary
of Commissioners/ a. Competence to Compliance
Board of Directors and track record
analysis
b. Interview (if
required)
2. Submission of 4. Submission of the 6. The Compliance 9. The Board of 11. Submit to OJK on
the nomination Recomendations of Director issues a Commissioners the changes of
proposal of the the Remuneration Compliance Checklist proposes the the composition
Board of Directors and Nomination nomination to the members of the
to the Remuneration Committee to 7. Submission of the GMS Board of Directors
and Nomination the Board of Fit and Proper
Committee Commissioners Test application
documents
Criteria for the Board of Directors 4. Possesses the commitment to comply with the laws 275
Establishing the criteria for the Board of Directors, and regulations.
among others, refers to the OJK Regulation No. 33/ 5. Possesses the knowledge and/or expertise in the

POJK.04/2014 on the Board of Directors and the Board fields required by the Issuer or Public Company.
of Commissioners of Issuers or Public Companies.
Upon appointment, the Board of Directors must at least Fulfilling such requirements is mandatory to be included
meet several requirements, namely as follows: in a statement letter and disclosed to the Bank. The
1. Good character with high moral values and integrity Bank is then obligated to review further and document it.
2. Competent in legal actions
3. Within the last 5 (five) years prior to the appointment Independency of the Board of Directors
and during the term of office: Establishing the composition of the Board of Directors
a. Has not been declared bankrupt is carried out by taking into account the needs and
b. Has never been a member of the Board of complexity of the Bank. The composition of the Board
Directors and/or member of the Board of of Directors is based on banking knowledge, expertise,
Commissioners charged guilty of actions professional experience, background to enforce the
causing a company to be declared bankrupt effectiveness of the duties carried out by the Board
c. Has never been convicted and penalized for a of Directors regardless of gender, ethnicity, race and
crime that caused the state’s financial loss and/ religion. The Board of Directors of BTPN consists of 10
or that is related to the financial sector members, whereas 3 (three) members are women.
d. Has never been a member of the Board of
Directors and/or member of the Board of In line with that, Bank BTPN is in compliance with
Commissioners while in term of office: the prevailing laws and regulations related to the
- did not conduct annual GMS independency of the Board of Directors:
- has had his or her accountability as member • Members of the Board of Directors of Bank BTPN
of the Board of Directors and/or member of has fulfilled the criteria and independency in
the Board of Commissioners not accepted accordance with the provisions of the regulator,
by the GMS or has failed to submit his or among which it states the President Director’s status
her accountability as a member of the Board as an independent party.
of Directors and/or member of the Board of • The replacement and appointment of members
Commissioners to the GMS of the Board of Directors has taken into account
- has caused a company, which has received the recommendations of the Remuneration and
the permit, approval or registration from the Nomination Committee.
Financial Services Authority, yet did not fulfill
the obligation to submit annual report and/or
financial statements to the Financial Services
Authority.
• Each member of the Board of Directors has no with prevailing regulations and provisions. The Manual
family relations up to second degree with other of the Board of Directors was last reviewed on 18
members of the Board of Directors and/or members December 2020 . Based on the the result of review, the
of the Board of Commissioners. content of the Board Manual is as follows:
• Members of the Board of Directors have no 1. Organization
concurrent positions as stipulated in the provisions 2. Independency
set forth under OJK Regulation. 3. Duties and Responsibilities of the Board of Directors
4. Function of the President Director
Members of the Board of Directors of the Company 5. Director of Compliance
have signed the statement regarding Corporate 6. Ethical Values of Members of the Board of Directors
Governance at the time the fit and proper test was 7. Meetings
taken. The statement is always updated annually, and 8. Relations with Stakeholders
the last was for the position at the end of December 9. Training
2020.
Composition of the Board of Directors
Board Manual of the Board of Directors Based on the resolutions of the Annual GMS dated 23
In executing their duties and responsibilities, members April 2020 and Extraordinary GMS dated 18 November
of the Board of Directors refers to the Board Manual. 2020, a change to the composition of the Board of
The Manual is periodically updated and enhanced in line Directors with occurred as follows:
276 BEFORE ANNUAL GMS 23 APRIL 2020

Ongki Wanadjati Dana President Director 2019-2022
Kazuhisa Miyagawa Deputy President Director 2019-2022
Dini Herdini Compliance Director (Independent) 2019-2022
Yasuhiro Daikoku Director 2019-2022
Henoch Munandar Director 2019-2022
Adrianus Dani Prabawa Director 2019-2022
Hiromichi Kubo Director 2019-2022
Merisa Darwis Director 2019-2022
Hanna Tantani Director 2019-2022
AFTER ANNUAL GMS 23 APRIL 2020
Kazuhisa Miyagawa Deputy President Director 2019-2022
Darmadi Sutanto Deputy President Director* 2019-2022
Dini Herdini Compliance Director 2019-2022
Yasuhiro Daikoku Director 2019-2022
Henoch Munandar Director 2019-2022
Merisa Darwis Director 2019-2022
*) Darmadi Sutanto has been appointed as Deputy President Director by Annual GMS on 23 April 2020, and effectively assumes the office as
of 14 May 2020 after obtaining approval of fit and proper test from the Financial Services Authority
AFTER EXTRAORDINARY GMS 18 NOVEMBER 2020
Kaoru Furuya Deputy President Director* 2020-2022
Darmadi Sutanto Deputy President Director 2019-2022
Dini Herdini Compliance Director 2019-2022
Yosuhiro Daikoku Director 2019-2022
Hanoch Munandar Director 2019-2022
Marisa Darwis Director 2019-2022
*) Kaoru Furuya has been appointed as Deputy President Director by the Extraordinary GMS on 18 November 2020, and effectively assumes
the office as of 4 January 2021 after obtaining the completed working permit from the Ministry of Manpower of the Republic of Indonesia.
Duties and Responsibilities of Each Member of the Board of Directors

In general, the Board of Directors has the duties and responsibilities, among others, as follows:
1. The Board of Directors takes full responsibility for the management of the Bank.
2. The Board of Directors manages the Bank in line with its authority and responsibilities as stipulated in the Articles 277
of Association, and prevailing laws and regulations.
3. The Board of Directors is obligated to implement the principles of corporate governance in each of the Bank’s

business activity at all levels or paths in the organization.
4. The Board of Directors is obligated to follow up on audit findings and recommendations from the Internal Audit
unit, external auditors, supervision results of the Financial Services Authority and/or supervision results of other
authorities.
Specifically, each member of the Board of Directors is assigned with duties, details are explained in the table below:
Title Roles and Responsibilites
President Director To coordinate and generally supervise roles & responsibilities of all members of the Board of Directors.
To specifically supervise:
a. Deputy President Directors supervising Corporate Banking
b. Deputy President Directors supervising Retail Banking
c. Director supervising Corporate Banking Japanese
d. Director supervising Wholesale Banking
e. Treasury Director
f. Operation Director
g. Risk Management Director
h. Legal & Compliance Director
i. Finance Director
j. Head of Human Capital
k. Head of Internal Audit
l. Head of Information Technology
Coordinator of Integrated Governance within Financial Conglomerate of SMBC Group.
Deputy President Director To coordinate and generally supervise roles & responsibilities of:
a. Director supervising of Corporate Banking (Japanese)
b. Director supervising of Wholesale Banking
c. Treasury Director
To spesifically supervise:
a. Credit Risk Division:
• Credit
• Loan
• Transaction Legal
• Commercial Banking Credit Risk
• Credit Planning
Title Roles and Responsibilites
Deputy President Director To spesifically supervise:

a. Head of Retail Lending Business
- Sales Distribution Pension Business 1
- Payroll Loan RLB
- Strategic Partnership & Relationship Management Pension Business
- Product & Sales Management RLB
- Business Solution & Customer Experience RLB
- Business Risk RLB
b. Head of Wealth Management Business
- Sales Management WMB
- Liabilities & Digital Management WMB
- Wealth Product Management WMB
- Customer Experience WMB
- Network & Distribution WMB
c. Head of Digital Banking
- Digital Banking Acquisition, Service & Marketing JENIUS
- Digital Banking Solution
- Digital Banking Consumer Product JENIUS
- Digital Banking Business Product JENIUS
- Digital Banking Business Performance & Customer Value Management
- Digital Banking Partnership JENIUS
- Digital Banking Lending Business Product BTPN Wow!
- Digital Banking Sales Management BTPN Wow!
- Digital Banking Product & Customer Experience BTPN Wow!
d. Retail Banking Risk
278 e. Micro Business Banking
f. Retail Banking Analytics, Business Planning & Credit Policy
g. Retail Banking Business Management
Compliance Director To specifically supervise:

a. AML&CFT
b. Compliance
c. Corporate Secretary
d. Legal & Litigation
e. Corporate Communication & DAYA
Supervise the function of Integrated Governance and Compliance.
Japanese Corporate Banking To specifically supervise:

Director a. Corporate Banking 2
b. Corporate Banking 3
c. Corporate Banking 4
d. Corporate Banking 5
e. KYC Onboarding
f. Corporate Banking Business Planning
Wholesale Banking Director To specifically supervise:

a. Head of Wholesale Banking
b. Commercial Banking
c. Transaction Banking & Supply Chain
Risk Management Director To specifically supervise:

a. Portfolio Management & Policy
b. Anti-Fraud Management
c. Operational Risk Management
d. Market & Liquidity Risk Management
e. Risk Management Planning
Supervise the function of Integrated Risk Management.
Operations Director To specifically supervise:

a. Customer Experience Center
b. Branch Banking
c. Operations Transaction Center
d. Reporting, Settlement & Access Management
e. Operations Control Assurance
f. Operations Development
g. General Services
Treasury Director To specifically supervise the Deputy Head of Treasury
Finance Director To specifically supervise:

a. Planning and Deputy of Chief Financial Officer
b. Financial Control
c. Finance Technology & Operations
d. Alignment & Synergy
Orientation for New Members of the Board of 4. Approval of the strategic plans of the Business Units
Directors and the Supporting Units.
The President Director ensures that newly appointed 5. Approval of the realization of promotion and
members of the Board of Directors shall be provided employee salary adjustment in 2020
with information related to the Bank required for them 6. Review of the implementation of risk management,
to perform their tasks and responsibilities. While compliance, and internal control, as well as
the Corporate Secretary is assigned to provide the monitoring the implementation of the Anti-Money
necessary information to the Board of Directors. Laundering and Prevention of Terrorist Funding
(APU & PPT) policy, including a review of the rules/
Plans and Realization of 2020 Work Program regulations of the regulator and their impact on the
In carrying out its duties, the Board of Directors holds Bank.
regular meetings to discuss strategic matters that 7. Monitoring the follow-ups of audit findings made by
require the consideration and approval of the Board of Internal and External Audit, as well as supervision of
Directors. results from OJK and other authorities.
8. Review on internal fraud and the whistleblowing
Throughout 2019, the Board of Directors meetings system, and the follow-up efforts.
discussed the following: 9. Approval of the Bank Business Plans (RBB) 2021-
1. Financial performance monitoring of the Bank and 2023 and the Sustainable Finance Action Plan
its Subsidiaries. (RAKB).
2. Performance evaluation of the business units
against the established targets. Disclosure of Share Ownership
3. Review of information technology (IT) In line with regulator’s mandate that the Board of
279
implementation and the Bank’s operations, as well Directors must disclose its ownership of the Bank, thus
as initiatives in IT and operations. the following are the details:

Number of
Name Percentage Positions
Shares
Ongki Wanadjati Dana 0 0.00 President Director
Darmadi Sutanto 0 0.00 Deputy President Director
Kaoru Furuya 0 0.00 Deputy President Director*
Dini Herdini 0 0.00 Compliance Director
Yasuhiro Daikoku 0 0.00 Director
Henoch Munandar 0 0.00 Director
Adrianus Dani Prabawa 0 0.00 Director
Hiromichi Kubo 0 0.00 Director
Merisa Darwis 0 0.00 Director
Hanna Tantani 0 0.00 Director
*) Kaoru Furuya has been appointed as Deputy President Director by the Extraordinary GMS on 18 November 2020, and effectively
assumes the office as of 4 January 2021 after obtaining the completed working permit from the Ministry of Manpower of the Republic of
Indonesia.
Succession of the Board of Directors

Through the talent management process and succession planning, Human Capital facilitates the policy on the
succession of the Board of Directors. In this respect, assessment is conducted on the availability of candidate-
members of the Board of Directors and their future development potential. Implementation of succession is carried
out through identification of executive officers with the potentials. Each member of the Board of Directors proposes
his or her replacement who will then be assessed by the Remuneration and Nomination Committee.
Assessment of Committees Under the Board of Directors and the Basis of Assessment
During 2020, the committees under the supervision of the Board of Directors were actively involved in supporting the
implementation of the Board of Directors’ duties by ensuring the follow up of all key strategies and initiatives.
DIVERSITY IN THE COMPOSITION OF THE IMPLEMENTATION OF MEETINGS OF THE

BOARD OF COMMISSIONERS AND THE BOARD OF COMMISSIONERS AND THE
BOARD OF DIRECTORS BOARD OF DIRECTORS
The policy on the diversity in the composition of the
Board of Commissioners and the Board of Directors Meetings of the Board of Commissioners
applied at the Bank refers to the Circular Letter of the Policy
Financial Services Authority No. 32/ SEOJK.04/2015 Meeting policy is stated in the Board Manual of the
on the Integrated Corporate Governance Guidelines. Board of Commissioners, among others are as follows:
For this reason, the appointment of the Board of 1. Meetings of the Board of Commissioners are
Commissioners and the Board of Director takes into compulsory to be held periodically at least 1 (one)
account the diversity factor. time every 2 (two) months.
2. Meetings of the Board of Commissioners are
The diversity in the Board of Commissioners is compulsory to be attended by all members of the
reflected in determining the expertise, knowledge, and Board of Commissioners in person at least 2 (two)
experience needed for the implementation of monitoring times a year.
duties and extending advices by the Bank’s Board of 3. The Board of Commissioners is obligated to
Commissioners. The composition which has taken into organize joint meetings with the Board of Directors
account the needs of a Public Company is a positive periodically at least 1 (one) time every 4 (four)
significance, specifically which relates to decision- months.
making as part of the supervisory function carried out 4. The Board of Commissioners must schedule the
by considering a wider range of aspects. following year’s meetings before the end of the fiscal
280 year.
As also applicable with the Board of Commissioners, 5. Meetings of the Board of Commissioners are chaired
the diversity in the composition of the members of by the President Commissioner or, if not available,
the Board of Directors is a combination of desired by another Commissioner appointed in the meeting.
characters, both from the aspect of the organ of the 6. Decision-making in the meetings of the Board
Board of Directors as well as the individual member of Commissioners is based on deliberation and
of the Board of Directors, in line with the needs of the consensus.
Bank. The combination is determined by means of 7. In the event that a consensus cannot be reached,
considering the expertise, knowledge and experience the decision is based on a majority vote.
appropriate with the assigned duties and job functions 8. Any decision that is legally determined at the
of the Board of Directors in achieving the Bank’s meetings of the Board of Commissioners applies to
objectives. all members of the Board of Commissioners.
9. Dissenting opinions occurring in the meetings of the
With consideration of the combined characteristics Board of Commissioners and the reasons behind
of the Board of Commissioners, this will impact the must be clearly recorded in the minutes of the
precision of the candidacy process and appointment meeting.
of individual member of the Board of Directors or the
Directors collegially. This also applies to the Board of
Commissioners.
CHARACTERISTICS OF THE COMPOSITION DIVERSITY OF THE BOARD OF COMMISSIONERS

AND THE BOARD OF DIRECTORS
Aspect of Diversity Board of Commissioners Board of Directors
Citizenship • Indonesian • Indonesian

• Singaporean • Japanese
• Japanese
Education • Field of Economics • Field of Economics

• Field of Financial Management • Field of Financial Management
• Field of Monetary • Field of Law
Work Experience • Banking Practitioner • International Banking

• Auditor • Risk Management
• Financial Executive
Gender • 1 Female • 3 Female

• 4 Male • 7 Male
FREQUENCY AND ATTENDANCE OF MEETINGS OF THE BOARD OF COMMISSIONERS
Number of
Joint-Meetings
Number of Meetings
Percentage of of the Board of Percentage of
Name of Commissioner of the Board of
Attendance Commissioners Attendance
Commissioners
and the Board of
Directors
Mari Elka Pangestu 2 50% 2 50%
Chow Ying Hoong 6 100% 7 100%
Takeshi Kimoto 6 100% 7 100%
Ninik Herlani Masli Ridhwan 6 100% 7 100%
Irwan Mahjudin Habsjah 6 100% 7 100%
Edmund Tondobala 1 0% 1 100%
AGENDA OF THE MEETINGS OF THE BOARD OF COMMISSIONERS

MoM Registration
Date of Meeting Agenda
Numbers
MOM.0001/BOC/I/2020 30-Jan-20 1. Q4/2019 Audit Committee Report
2. Q4/2019 Risk Monitoring Committee Report
3. Q4/2019 Remuneration & Nomination Committee Report
4. 2H/2019 Integrated Governance Committee Report
281
MOM.0002/BOC/ 16-Apr-20 1. Q1/2020 Audit Committee Report
IV/2020 2. Q1/2020 Risk Monitoring Committee Report

MOM.0003/BOC/ 24-Jun-20 1. Audit Committee Report - Update on the Bank Management Responses towards
VI/2020 SMBC IAD overdue ACR
2. Report on Self-Review towards the Performance of Remuneration and Nomination
Committee and Audit Committee and Risk Monitoring Committee
MOM.0004/BOC/ 30-Jul-20 1. Q2/2020 Audit Committee Report
VII/2020 2. Q2/2020 Risk Monitoring Committee Report
4. 1H2020 Integrated Governance Committee Update
MOM.0005/ 23-Oct-20 1. Q3/2020 Audir Committee Report
BOC/X/2020 2. Q3/2020 Risk Monitoring Committee Report
MOM.0006/BOC/ 23-Nov-20 1. Audit Committee working plan & agenda for year 2021
XI/2020 2. Risk Monitoring Committee working plan & agenda for year 2021
Meetings of the Board of Directors

Policy
The meeting policy is stated in the Board Manual of the Board of Directors, among others, are as follows:
1. The Board of Directors is compulsory to hold regular meetings of the Board of Directors, at least 1 (one) time every
month.
2. Meetings of the Board of Directors may proceed if attended or represented by the majority of the members of the
Board of Directors.
3. The Board of Directors is compulsory to hold a joint-meeting of the Board of Directors with the Board of
Commissioners at least 1 (one) time every 4 (four) months.
4. The Board of Directors must schedule the meetings for the following year before the end of the fiscal year.
5. Materials for scheduled meetings shall be delivered to the participants no later than five (5) days prior to each
meeting.
6. In the event of a non-scheduled meeting, materials must be delivered at the latest before the meeting is held.
7. Each policy and strategic decision must be determined at the meeting of the Board of Directors by taking into
account prevailing regulations.
8. The meetings of the Board of Directors are chaired by the President Director, or in the event that the President
Director is not available, another Director is appointed at the meeting.
9. Decisions to be taken at the Board of Directors meetings are carried out through consensus.
10. In the event that deliberation and consensus is not possible, decision-making is done through a majority vote.
11. All decisions made legally at the meetings of the Board of Directors are binding for all members of the Board of
Directors.
12. Dissenting opinions occurring at a meeting of the Board of Directors shall be clearly recorded in the minutes of the
meeting along with their reasons.
FREQUENCY AND ATTENDANCE OF MEETINGS OF THE BOARD OF DIRECTORS DURING THE YEAR 2020
Number of Joint-
Number of Meetings Meetings of the
Name of Members of the Percentage of Percentage of
of the Board of Board of Directors
Board of Directors Attendance Attendance
Directors and the Board of
Commissioners
Ongki Wanadjati Dana 49 96 7 100

Kazuhisa Miyagawa 46 98 6 100
Darmadi Sutanto 26 96 4 75
Kaoru Furuya* 3 67 1 0
Dini Herdini 49 100 7 100
Yasuhiro Daikoku 49 100 7 100
Henoch Munandar 49 92 7 100
Adrianus Dani Prabawa 49 94 7 100
Hiromichi Kubo 49 96 7 100
Merisa Darwis 49 100 7 86
Hanna Tantani 49 96 7 100
*) Kaoru Furuya has been appointed as Deputy President Director by the Extraordinary GMS on 18 November 2020, and effectively
assumes the office as of 4 January 2021 after obtaining the completed working permit from the Ministry of Manpower of the Republic of
Indonesia
282 AGENDA OF MEETINGS OF THE BOARD OF DIRECTORS

MoM Registration
Numbers
MOM.0001/BOD/I/2020 07-Jan-20 1. 2020 BOD Meeting Standing Agenda

2. Financial Performance YTD December 2019
3. BDD Insurance Update
4. Governance Update
5. AMDK Usage Evaluation
MOM.0002/BOD/I/2020 14-Jan-20 1. SOX Update
2. Bank Financial
3. Digital Banking Update
4. Business Banking Update
6. Cross LOB Collaboration Campaign
MOM.0003/BOD/I/2020 21-Jan-20 1. Retail Lending Business Update
2. Wealth Management Business Update
3. Q4 2019 Operations Update
4. PSAK 73 Impact
5. Q4 2019 Compliance and AML Update
5. Treasury Update
MOM.0004/BOD/I/2020 28-Jan-20 1. HC Update
2. Pending Items
3. GLAO Socialization Update
4. Business Plan Realization Report for position Q4 2019
5. Segmental Reporting
6. KCP KCU Update
7. Corporate Banking Japanese Group Update
8. Wholesale Banking Group Update
10. Sinaya Prioritas Logo Proposal
MOM.0005/BOD/ 10-Feb-20 1. The Composition of BOD and changes in the AoA of BTPN Sharia
II/2020 2. Mid-Term Plan Update
3. BDD Discussions
MOM.0006/BOD/ 11-Feb-20 1. Pending Items
II/2020 2. Financial Performance YTD Januari 2020
3. Internal Audit Update
4. FX Underlying Document Handling
5. EVP and BTPN Anniversary Update & LED FX Evaluation
6. Corona Issue
MOM.0007/BOD/ 18-Feb-20 1. Pending Items
II/2020 2. Segmentation Reporting
3. Fraud Management Update
4. Treasury Update
6. CFT Monthly Report
AGENDA OF MEETINGS OF THE BOARD OF DIRECTORS
MoM Registration
Numbers
MOM.0008/BOD/ 25-Feb-20 1. Group Audit Updates
II/2020
MOM.0009/BOD/ 25-Feb-20 1. SOX Update
II/2020 2. Governance Update
3. CFT Monthly Report
MOM.0010/BOD/ 03-Mar-20 1. HC Operating Model
III/2020 2. KUT and KPKM Update
3. Retail Risk Case Update
4. COVID-19 Handling
5. PMO Handed Over Items
MOM.0011/BOD/ 10-Mar-20 1. Updates on Prepaid Insurance (BDD)
III/2020 2. BOD discussion on BDD
MOM.0012/BOD/ 10-Mar-20 1. Financial Performance YTD February 2019
III/2020 2. Governance Update
MOM.0013/BOD/ 16-Mar-20 1. COVID-19 Handling
III/2020
MOM.0014/BOD/ 17-Mar-20 1. December 2019 Financial Results
III/2020 2. Updates on BDD
MOM.0015/BOD/ 17-Mar-20 1. COVID-19 Handling
III/2020
MOM.0016/BOD/ 20-Mar-20 1. Updates on the accounting treatment for Kredit Pintar
283
III/2020

MOM.0017/BOD/ 24-Mar-20 1. SOX Update
III/2020 2. Treasury Update
MOM.0018/BOD/ 07-Apr-20 1. March 2020 Financial Results
IV/2020 2. Internal Audit Update
3. Human Capital Update
MOM.0019/BOD/ 14-Apr-20 1. Financial Performance YTD March 2020
IV/2020 2. Business Banking Update
3. Digital Banking Business Update
6. Remediation of Insurance Premium Payment and Amortization
MOM.0020/BOD/ 21-Apr-20 1. Strategic Cost Management
IV/2020 2. Corporate Banking Japanese Update
4. Q1 2020 Compliance & AML Update
5. CFT Monthly Reporting
MOM.0021/BOD/ 28-Apr-20 1. Finance Update on SOX and KPMG Audit
IV/2020 2. Treasury Update
3. Q1 2020 Operations Update
4. Retail Lending Business Update
7. COVID-19 Update
MOM.0022/BOD/ 05-May-20 1. Updates on Organization Structure
IV/2020 2. AML Action Plan Pregress Update
3. COVID-19 Update
MOM.0023/ 12-May-20 1. SOX Update
BOD/V/2020 2. Financial Performance Update YTD April 2020
3. Revision RBB 2020 Bank-wide Key Assumptions
5. BTPN COVID-19 Navigator
6. COVID-19 Update
MOM.0024/ 19-May-20 1. Treasury Update
BOD/V/2020 2. IICD Presentation - Overview of ASEAN CG Scorecard
3. Settlement of PUR Insurance GL’s (SP1)
4. Proposal on Core Banking Consolidation Project
5. Strategic Cost Management

MoM Registration
Numbers
MOM.0025/BOD/ 02-Jun-20 1. RACI Project (Delegation of Authority)
VI/2020 2. COVID-19 Handling
3. Retail Risk - Mule Account Case Update
4. KPI BOD 2020
5. Project Utara
MOM.0026/BOD/ 10-Jun-20 1. RBB Second Draft Discussion
VI/2020
MOM.0027/BOD/ 16-Jun-20 1. Financial Performance YTD May 2020
VI/2020 2. Governance Update
3. PMO Handed Over Items Update
4. TD Transaction to Bank Indonesia Incident
MOM.0028/BOD/ 23-Jun-20 1. SOX Update Status
VI/2020 2. RBB Revision FY 2020 for BOD Approval
3. Treasury Update
MOM.0029/BOD/ 30-Jun-20 1. Change of Tenor in Health Insurance
VI/2020 2. Review of Business Strategy and Operating Model
3. Updates on RACI Project
MOM.0030/BOD/ 07-Jul-20 1. GL Control and Governance & SOX Update
VII/2020 2. Governance Update
284 4. Advice and Approval for Commitment to OJK fulfillment regarding PT Rattancraft
Indonesia
MOM.0031/BOD/ 14-Jul-20 1. Finance Update on SOX and KPMG Audit
VII/2020 a. Financial Performance YTD June 2020

b. Strategic Cost Management
MOM.0032/BOD/ 21-Jul-20 1. HC Update
3. Sinaya Digital Apps
MOM.0033/BOD/ 28-Jul-20 1. Q2 2020 Operations Update
VII/2020 2. Q2 2020 Compliance, AML & Legal Update
3. Corporate Banking Jpanese Group Update
5. Treasury Update
MOM.0034/BOD/ 04-Aug-20 1. Digital Banking Update
3. Proposal on Measurement of BTPN Impact to Indonesia
4. DOLFIN Project
6. Review of Business Strategy and Operating Model
MOM.0035/BOD/ 11-Aug-20 1. SOX Update
VIII/2020 2. Financial Performance YTD July 2020
3. LCS Update
5. Governance Update: D&O Insurance Liabilities
MOM.0036/BOD/ 18-Aug-20 1. Treasury Update
VIII/2020 2. COVID-19 Handling
3. Project Utara Update
MOM.0037/BOD/ 25-Aug-20 1. Governance Update:
VIII/2020 - Intellectual Property Rights of BTPN
- Foster BTPN Collaboration with Group Companies in Indonesia
2. SOX Update
MoM Registration
Numbers
MOM.0038/BOD/ 08-Sep-20 1. Governance Update
IX/2020 2. Finance Update on SOX and KPMG Audit
• Financial Performance YTD August 2020
• RBB Macro Assumptions
3. Qanun Project Update
• Qanun Project
• Active Employee Portofolio
MOM.0039/BOD/ 15-Sep-20 1. Digital Banking Update*
IX/2020 2. Internal Audit Update
• Liquidity Ratio
• LCS Update
5. 2021 - 2023 RBB and MTP Update - LOB and Support Functions Presentation
MOM.0040/BOD/ 22-Sep-20 1. SOX Update
IX/2020 2. Treasury Update
MOM.0041/BOD/ 29-Sep-20 1. Update on GL
IX/2020 2. Governance Update
3. Update from Jenius : Admin Fee
MOM/0042/ 06-Oct-20 1. Governance Update 285
BOD/X/2020 2. Update from Jenius : SGM Program
3. ATM Offsite Initiative
4. Human Capital Update

MOM.0043/ 13-Oct-20 1. Discussion on Pending Items
BOD/X/2020 2. YTD September 2020 Financial Results & RBB Discussion
5. IT Task Force
MOM.0044/ 20-Oct-20 1. Discussion on Pending Items
BOD/X/2020 2. Digital Banking Update
5. Outsourcing Management Framework
6. Medical Insurance Benefit - Health Insurance Tender
MOM.0045/BOD/ 03-Nov-20 1. Discussion on Pending Items
XI/2020 2. Project Utara Update - Draft Work In Progress Cost Effectiveness Opportinities
3. Treasury Update
4. Corporate Bankinng Japanese Group Update
6. Q3 Compliance & AML Update
7. Q3 Operations & GL Operation Update
XI/2020 2. Finance:
i. Financial Performance YTD October 2020
ii. Bank Business Plan (“RBB”) 2021 – 2023 for BOD approval
XI/2020 2. SOX Update
3. GL Control and Governance
4. Treasury Update
5. BTPN DIGIFEST
6. H1 & Q3 Progress of Key Initiatives
7. Q3 CFT Update
8. Liquidity Reporting in APOLO
MOM.0048/BOD/ 08-Dec-20 1. November 2020 Financial Results
XII/2020 2. Updates on DOLFIN Project
MOM.0049/BOD/ 15-Dec-20 1. SOX Update
XI/2020 2. Treasury Update
3. Market Code of Conduct
4. Revision of AML Action Plans & Exceptional Handling
Implementation of Joint-Meetings of the Board of Commissioners and the Board of Directors

Meeting Schedule and agenda have been set for the joint-meetings of the Board of Commissioners and the Board of
Directors. Meeting materials and minutes are distributed to the participants and appropriately documented.
The Board of Commissioners holds regular meeting with the Board of Directors as part of its effective supervisory
functions over such aspects as strategy, finance, operations, internal control system, compliance, risk management
and governance.
The meetings are attended, in person or via teleconference, by members of the Board of Commissioners. During the
year 2020, Joint-Meetings of the Board of Commissioners and the Board of Directors were held 7 times.
The meetings’ decision-making is carried out through deliberation and consensus. Throughout the year 2020, no
dissenting opinion in the meetings’ decisions were recorded.
Agenda of the Joint-Meetings of the Board of Commissioners and the Board of Directors
MoM Registration
Date Agenda
Numbers
MOM.0001/BOC- 30-Jan-20 1) Report on GCG Self-Assessment as of December 2019
BOD/I/2020 2) Update on Integrated Risk Management Committee 2H19
3) Financial Performance Report FY2019
4) Q4 2019 Risk Profile & AFM Update
5) Q4 2019 Compliance & AML Update
286
MOM.0002/BOC-BOD/ 31-Mar-20 1) COVID-19 Handling Update
III/2020
MOM.0003/BOC-BOD/ 16-Apr-20 1) Financial Performance Report for position March year 2020
IV/2020 2) COVID-19 Update
3) Report on Fraud Risk Management Update for Q1 2020
MOM.0004/BOC-BOD/ 24-Jun-20 1) Bank Business Plan Revision FY2020 for BOC Approval
VI/2020 2) Updates on CASA Strategy
3) Management Response on Overdue ACR
MOM.0005/BOC-BOD/ 30-Jul-20 1) Good Corporate Governance Self-Assessment as of June 2020
VII/2020 2) Financial Conglomeration Integrated Risk Profile and Capital Adequacy Ratio
Report for year 2019
3) Report on Financial Performance For the Position as of June 2020
4) March 2020 Risk Profile and December 2019 RBBR and ICAAP Report & Anti
Fraud Management Update
5) Report on Compliance and AML for position Q2 2020
MOM.0006/BOC-BOD/ 04-Nov-20 1) Report on Financial Performance For the Position as of September 2020
XI/2020 2) Report on Compliance and AML for position Q3 2020
MOM.0007/BOC-BOD/ 23-Nov-20 1) Bank Business Plan for year 2021-2023 for BOC Approval
XI/2020 2) SME Business Strategy Discussion
3) Report on BTPN Risk Profile for the position as of Q3 2020
4) BTPN COVID-19 Management Handling
5) BOD Talent Development and Remuneration Design Framework
6) Monitoring of BOC Committee Recomendation
AFFILIATION OF THE BOARD OF COMMISSIONERS, THE BOARD OF DIRECTORS, AND
CONTROLLING SHAREHOLDERS
Family Relationship with Financial Relationship with
Name Position
Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders
Chow Ying Hoong President

√ √ √ √ √ √
Commissioner
Takeshi Kimoto Commissioner √ √ √ √ √ √
Ninik Herlani Masli Commissioner

√ √ √ √ √ √
Ridhwan (Independent)
Irwan Mahjudin Commissioner

√ √ √ √ √ √
Habsjah (Independent)
Edmund Tondobala Commissioner

√ √ √ √ √ √
(Independent)
BOARD OF DIRECTORS
Family Relationship with Financial Relationship with 287
Name Position
Board of Board of Controlling Board of Board of Controlling
Commissioners Directors Shareholders Commissioners Directors Shareholders

Ongki Wanadjati President √ √ √ √ √ √
Dana Director
Darmadi Sutanto Deputy √ √ √ √ √ √

President
Director
Kazuhisa Miyagawa* Deputy √ √ √ √ √ √

President
Director
Dini Herdini Compliance √ √ √ √ √ √

Director
Yasuhiro Daikoku Director √ √ √ √ √ √
Henoch Munandar Director √ √ √ √ √ √
Adrianus Dani Director √ √ √ √ √ √

Prabawa
Hiromichi Kubo Director √ √ √ √ √ √
Merisa Darwis Director √ √ √ √ √ √
Hanna Tantani Director √ √ √ √ √ √
*) Kazuhisa Miyagawa has effectively resigned since November 18, 2020 and was replaced by Kaoru Furuya who became effective on
January 4, 2021 after obtaining a complete work permit from the Ministry of Manpower of the Republic of Indonesia.
COMMITTEES UNDER THE BOARD OF COMMISSIONERS

Until the end of fiscal year 2020, there are four committees under the Board of Commissioners, namely the
Audit Committee, the Remuneration and Nomination committee, the Risk Monitoring Committee and Integrated
Governance Committee Each committee is responsible for reviewing and monitoring based on the duties and
responsibilities stipulated in their respective Committee Charter.
AUDIT COMMITTEE
The Audit Committee reports to the Board of Commissioners and established to support the implementation of the
Board of Commissioners’ duties related to financial information, internal control system, effectiveness of internal and
external audits as well as the implementation of the Bank’s governance.
Legal Basis Duties and Responsibilities of the Audit Committee

Establishing the Audit Committee in Banks is based on Details of the duties and responsibilities of the Audit
a number of regulations as follows: Committee in the Bank are as follows:
1. Financial Services Authority Regulation No. 55/ 1. Prepare the annual work plan for approval by the
POJK.03/2016 dated 7 December 2016 on the Board of Commissioners.
Application of Governance for Commercial Banks 2. Review financial information to be issued by the
and OJK Circular Letter No. 13/SEOJK.03/2017 Bank such as financial statements, projections,
dated 7 March 2017 on the Application of as well as ensures that the financial statements
Governance for Commercial Banks. are in accordance with the applicable accounting
2. Financial Services Authority Regulation No. 55/ standards.
POJK.04/2015 dated 23 December 2015 on the 3. Analyze the Bank’s compliance with the capital
Establishment and Work Implementation Guidelines market regulations and other legislation related to
of the Audit Committee. Banking activities, including providing advice to
3. Financial Services Authority Regulation No. 13/ the Board of Commissioners regarding potential
POJK.03/2017 dated 27 March 2017 on the Use of conflicts of interest.
Public Accountant and Public Accountant Office 4. Analyze work plans and implementation of audits by
Services in Financial Service Activities. Internal Audit.
4. Financial Services Authority Regulation No. 1/ 5. Analyze the independence and objectivity of
POJK.03/2019 dated 28 January 2019 on the the Public Accounting Office (“KAP”) and their
Implementation of Internal Audit Function in compliance with the applicable audit standards.
Commercial Banks. 6. Analyze the adequacy of the audits conducted by
288 5. The legal basis used in the establishment of the the KAP to ensure that all important risks are taken
Audit Committee is the Good Corporate Governance into account.
Manual No. K.008/DIR/CCS/05/2019. 7. Monitor and evaluate the Board of Directors’
follow-up of the findings of the Internal Audit and

The Audit Committee Charter KAP, as well as of the supervision results of the
In carrying out its duties and responsibilities, the Audit Financial Services Authority, in order to provide
Committee has the Charter that assists the Committee recommendations to the Board of Commissioners.
to conducting its duties. The Guidelines, among others, 8. Periodically report the results of meetings and
regulates the implementation of: the organization, activities of the Audit Committee to the Board of
membership, independency, authority, work ethics, Commissioners
meetings, reporting responsibilities and term of office.
Independency of the Audit Committee
The Guidelines is reviewed periodically to ensure its Referring to the Audit Committee Charter, members
coverage is in line with prevailing provisions and the of the Committee must at least consist of 3 (three)
Bank’s business development. The latest review was independent members, comprising of an Independent
approved by members of the Audit Committee on date Commissioner and an independent party or at the
2 October 2020. minimum includes the following:
1. An Independent Commissioner
2. An Independent Party with expertise in field of
finance or accounting
3. An Independent Party with expertise in the field of
law or banking.
Composition of Members of the Audit Committee
Name Position Date of Appointment
Ninik Herlani Masli Ridhwan Chairman 1 Februari 2019

Edmund Tondobala Member 18 November 2020
Kanaka Puradiredja Member 1 Februari 2019
Independen Party
Ivan Purnama Sanoesi Member 1 Februari 2019
Independen Party
Term of Office
Members of Audit Committee are appointed and terminated by the Board of Commissioners based on the Meeting
resolution of the Board of Commissioners, which in further stipulated into Circular Resolution No PS/BOC/055/
XII/2020.
Profile of the Audit Committee

A complete profile is presented in the “Profile of the Board of Commissioners & BOC Committee members” section
contained in this Annual Report.
Meetings of the Audit Committee 289

Provisions related to meetings held by the Audit Committee are set forth for within the Bank as follows
a. The Audit Committee holds meetings at least 1 (one) time every 3 (three) months.

b. The Audit Committee meetings may only convene if attended by at least 51% of its members.
c. Decisions at Committee meetings are based on consensus. In the event that a consensus cannot be reached,
decisions are based on majority votes.
d. Dissenting opinions, and their reasons, shall be clearly recorded in the minutes of Committee meetings.
FREQUENCY AND ATTENDANCE OF COMMITTEE AUDIT MEETINGS
Name of Members of the Audit Committee Number of Meetings Attendance Percentage
Ninik Herlani Masli Ridhwan 29 29 100
Edmund Tondobala 1 1 100
Kanaka Puradiredja 29 29 100
Ivan Purnama Sanoesi 29 29 100
Implementation of Audit Committee’s Activities in 2020

Throughout the year 2020, activities actualized by the Audit Committee are as follows:
1. Financial Statement
• Discuss and evaluate the Bank’s 2019 financial statement
• Monitor and evaluate the conformity of financial report with financial accounting standards
• Monitor and evaluate the Bank’s financial performance on a regular basis and conduct reviews on other
financial information.
2. External Audit
• Discuss audit result of the Bank’s financial report year 2019
• Discuss external audit plan for 2020, audit approach, and methodology
• Provide recommendations for the appointment of an external auditor.
• Review and assess the adequacy of the audits performed by external auditors.
• Monitor and evaluate the conformity of audit implementation by public accountant firm with audit standard.
3. Internal Audit • Monitor and review the Company’s Legal and

• Monitor and evaluate the implementation of Litigation cases.
audits by Internal Audit during 2019 and 2020 • Monitor internal fraud cases and evaluate fraud
• Review the effectiveness of Internal audit prevention programs and Bank’s internal control.
• Review audit reports and monitor the follow • Review complaints received through
up on the fullfillment of commitments towards whistleblowing channel and monitor the handling
Internal Audit findings of the complaints.
• To analyze, approve and provide approval
recommendation to Board of Commissioners on Audit Committee Work Plan
2020 Annual Audit Plan. Prepare Audit Committee work plan and program for
4. Compliance, Legal and Litigation, and Internal Fraud 2021 and review the Audit Committee Charter.
• Review the Bank’s compliance with laws and
regulations relating to the Bank’s business Effectiveness of the Internal Control System
activities The Audit Committee has assessed and confirmed that
• Monitor the implementation of Bank’s the internal control system conducted by the Bank is
compliance and Anti Money Laundering and effective and sufficiently covered such areas as financial
Counter-Financing of Terrorism (AML & CFT). control, operations, compliance on the laws and
• Monitor the follow-up on the results of regulations.
supervision by the Financial Services Authority
(OJK)
290
COMPETENCY DEVELOPMENT OF THE AUDIT COMMITTEE

Name of Participant Time and Place of Training

Type of Training Organizer
and Position Implementation
Kanaka Puradiredja • Workshop CACP Batch 14 11 August 2020, online Ikatan Komite Audit Indonesia
• Workshop CACP Batch 15 22 September 2020, online Ikatan Komite Audit Indonesia
• Workshop CACP Batch 16 22 October 2020,online Ikatan Komite Audit Indonesia
• Workshop CACP Batch 17 16 November 2020, online Ikatan Komite Audit Indonesia
• Workshop CACP Batch 18 15 December 2020, online Ikatan Komite Audit Indonesia
• Panel Discussion “Empowering Board 27 February 2020, Financial Club, Lembaga Komisaris dan Direktur Indonesia
Leadership in Cyber Security: Your Jakarta
Cyber Decision Matters”
• Discussion Online “Peran dan 24 April 2020 Lembaga Komisaris dan Direktur Indonesia
Tanggung Jawab Komisaris
Independen” 24 June 2020 Lembaga Komisaris dan Direktur Indonesia
• Online Discussion “Peranan
Komisaris Independen dalam
Transformasi Perusahaan menuju 4 August 2020 Lembaga Komisaris dan Direktur Indonesia
New Normal”
• Speaker Modul “Board Function and
Obligation” Inhouse Training 12 August 2020 Lembaga Komisaris dan Direktur Indonesia
PT Aneka Tambang
• Online Discussion “Regulasi dan
Peran Pengurus (Dewan Komisaris
dan Direksi) Terkait Tingkat Kesehatan 21 October 2020 Lembaga Komisaris dan Direktur Indonesia
Bank”
• Online Discussion “Pailit di Masa
Pandemi: Strategi Direksi dan Dewan
Komisaris”
Ivan Purnama • Artificial Intelligence Auditing 12 October 2020 The Institute of Internal Auditors Indonesia
Sanoesi Framework 12 Oct 2020 (IIA-Indonesia)
• The Role of Internal Auditor In IIA-Indonesia
Building Business Resilience 20 November 2020
• Three Lines Sebagai Katalisator IIA-Indonesia, IRMAPA (Indonesia Risk
Pemulihan Bisnis Era Normal Baru 25 June 2020 Management Profesional Association), IKAI
• From Data to Insight: Sharing (Indonesian Institute of Audit Committee)
Experience Generating From Data 13 July 2020
Analytics and Visual Storytelling IIA-Indonesia

REMUNERATION AND NOMINATION COMMITTEE • Remuneration policy for the Executive Officers
Legal Basis and employees to be submitted to the Board of
The legal basis used in relation to the establishment of Directors.
the Remuneration and Nomination Committee is the
Good Corporate Governance Manual No. K.008/DIR/ Related to the Nomination Policy
CCS/06/2020. 1. Provide recommendations to the Board of
Commissioners on the composition of the Board of
The Remuneration and Nomination Committee Directors and/or the Board of Commissioners.
Charter 2. Formulate and provide recommendations on
Bank BTPN has the Remuneration and Nomination the criteria and procedures of appointment and/
Committee Charter established on 1 February 201 or replacement of members of the Board of
and has been reviewed on 13 March 2020. The Commissioners and the Board of Directors to the
document contains provisions on the Organization, Board of Commissioners for submission to the
Membership Requirements, Independency, Duties and General Meeting of Shareholders.
Responsibilities, Remuneration Policy of the Board of 3. Provide recommendations on prospective members
Directors and the Board of Commissioners, Policy on of the Board of Commissioners and/or the Board
Self Assessment for the Board of Directors and the of Directors to the Board of Commissioners for
Board of Commissioners, Authority of the Remuneration submission to the General Meeting of Shareholders.
and Nomination Committee, Work Ethics, Meetings,
Minutes of Meeting, Reporting Responsibility, and Term Independency of the Remuneration and Nomination
of Office. Committee
The composition, qualification and independency
291
Duties and Responsibilities of members of the Remuneration and Nomination
Details of the Committee’s duties and responsibilities committee are in accordance with OJK provisions.

are as follows: The Remuneration and Nomination Committee is
chaired by an Independent Commissioner with 1
Related to the Remuneration Policy member of Independent Commissioner, two members
1. Evaluate the remuneration policy; and of Commissioners and one Executive Officer with the
2. Provide recommendations to the Board of knowledge on remuneration and nomination system
Commissioners regarding: as well as on succession plan. The composition of
• The policy, structure and amount of remuneration the committee members which has been in placed
for the Board of Commissioners and the Board at the Bank has been in support of independency in
of Directors to be submitted to the General conducting their duties.
Meeting of Shareholders.
Composition of Members of the Remuneration and
Nomination Committee
The composition of the Remuneration and Nomination
Committee members as of 31 December 2020 is as
follows:
Ninik Herlani Masli Ridhwan Chairman (Independent Commissioner) 1 March 2020
Chow Ying Hoong Member (President Commissioner) 1 Februari 2019
Mira Fitria Soejtipto Member (HC Executive Officer/Head of 1 July 2020

Human Capital)
Term of Office
Members of Remuneration & Nomination Committee are appointed and terminated by the Board of Commissioners
based on the Meeting resolution of the Board of Commissioners, which in further stipulated into Decree of BOD No
SK.002/DIR/CCS/VII/2020.
Profile of the Remuneration & Nomination Committee

A complete profile is presented in the “Profile of the Board of Commissioners & BOC Committee members” section
contained in this Annual Report.
Mira Fitria Member of the Remuneration and Nomination Committee

Citizenship Indonesian
Domicile Jakarta
Age 43
Educational Background • The London School of Economics and Political Science (LSE), UK. Post Graduate Reseach,
Organisational Psychology (2004 - 2006)
• Lancaster University, UK. Master of Arts (MA) in Organisational Analysis and Behaviour (2000 -
2001)
• University of Indonesia, Bachelor of Arts (BA), Psychology (1996 - 2000)
Basis of Appointment 1 July 2020
Concurrent Positions -
Work Experience • Head of Human Capital, PT Bank BTPN Tbk (2020 – Present)
• VP of Human Resources, Danone Waters Indonesia (2019 - 2020)
• CHRO - Corporate Affairs & Sustainability, Human Resources, Technology, and Strategy
Management, The Body Shop Indonesia (2017 - 2019)
• Microsoft Indonesia:
- Human Resources Director (2014-2016)
- Senior HR Business Partner (2013-2014)
• CITI Indonesia
292 - HR Generalist for Retail Bank, Consumer Finance, Risk Management and Financial Control
(2008-2013)
- Leadership, Talent and Performance Management Head (2006-2008)
• Regional Management Associate: Consumer Bank Training & Development Manager, Citibank
Asia Pacific Consumer Bank, Singapore (2003-2004)

• Citibank Indonesia
- Investment, Treasury and Insurance Compliance Manager (2002-2003)
- Management Associate (2001-2002)
Affiliation Has no affiliate relationships with the Board of Directors, the Board of Commissioners, and the
Contorilling Shareholders
Meeting Policy
Provisions related to the meetings of the Remuneration and Nomination Committee set forth at the Bank are as
follows:
1. The Nomination and Remuneration Committee holds meetings at least 1 (one) time every 4 (four) months.
2. Decisions at the Committee meetings are based on consensus. In the event that a consensus cannot be reached,
decisions are based on majority votes.
3. Dissenting opinions, and their reasons, shall be clearly recorded in the minutes of Committee meetings.
Frequency and Attendance of the Meetings of the Remuneration and Nomination Committee
Throughout the year 2020, the Remuneration and Nomination Committee convened in 3 meetings.
Members of the Remuneration and Nomination

Number of Meetings Attendance Percentage
Committee
Ninik Herlani Masli Ridhwan, Independent Commissioner 3 3 100%
Chow Ying Hoong, President Commissioner 3 3 100%
Mira Fitria, Executive Officer 2 2 100%
Pratomo Soedarsono*, Executive Officer 1 1 100%
Aloysius Wilhelmus*, Executive Officer - - -
* Per 27 May 2020 Pratomo Soedarsono replaced by Aloysius Wilhelmus than 1 July 2020 replaced by Mira Fitria
Implementation of Activities of the Remuneration and Nomination Committee in the Year 2020
During the year 2020, activities actualized by the Remuneration and Nomination Committee are as follows:
Date Agenda
13 Maret 2020 1. Governance Matters

2. Performance Evaluation of BOD
3. Performance Evaluation of BOC
4. Recommendation of BOC & BOD Members’ Remuneration
5. RNC Self Review & RNC Charter
6. RNC working plan for the Year 2020
24 Juli 2020 1. Interview of Candidate of Member of Board of Directors - Furuya Kaoru (FK)
2. Decision of Furuya Kaoru Recommendation
23 November 2020 1. Interview of Candidate of Member of Board of Directors – Kan Funakoshi (“KF”)
2. Decision on Kan Funakoshi Recommendation
COMPETENCY DEVELOPMENT OF THE REMUNERATION AND NOMINATION COMMITTEE
Name of Participant Time and Place of Training

Type of Training Organization
and Position Implementation
Mira Fitria - Member Refresher SMR LEVEL 1 1 September 2020 BTPN

Virtual
Mira Fitria - Member HC Sharing Learning Agility 13 October 2020 BTPN 293
Virtual
Mira Fitria - Member Insight Discovery Profile & Workshop 16 October 2020 BTPN & TalentBox Indonesia

Virtual
Mira Fitria - Member Operational Risk Management 24 November 2020 BTPN

Virtual
Mira Fitria - Member Ethics, Integrity & Conduct Risk 30 November 2020 BTPN
Virtual
Mira Fitria - Member Entertainment & Gift 2020 1 December 2020 BTPN
Virtual
Mira Fitria - Member Leadership Series : COVID-19 : 10 December 2020 BTPN & Microsave
Opportunities for MSMEs and Digitization Virtual Consulting
of Financial Services
RISK MONITORING COMMITTEE Duties and Responsibilities

Legal Basis The Risk Monitoring Committee assists the Board of
The legal basis used in establishing the Risk Monitoring Commissioners in carrying its supervisory function
Committee is as follows: related to the Bank’s risk management in the following
1. Financial Services Authority Regulation No. 55/ ways:
POJK.03/2016 dated 7 December 2016 and
Financial Services Authority Circular Letter No. 13/ 1. Prepare the Committee’s annual activity plan to
SEOJK.03/2017 on the Governance Implementation be submitted to the Board of Commissioners for
for Commercial Banks approval.
2. Financial Services Authority Regulation No. 2. Provide independent professional opinion to the
18/POJK.03/2016 on the Risk Management Board of Commissioners on reports or matters
Implementation for Commercial Banks concerning risk management to be submitted by the
3. The legal basis used for the establishment of Risk Board of Directors to the Board of Commissioners,
Monitoring Committee is the Good Corporate and identify issues that need the attention of the
Governance Manual No. K.008/ DIR/CCS/06/2020 Board of Commissioners.
dated 1 July 2021. 3. Evaluate the Bank’s risk appetite and limitations that
must be approved by the Board of Commissioners.
Charter of the Risk Monitoring Committee 4. Analyze the effectiveness of the risk management
In performing its duties and responsibilities, the Risk unit and the Risk Management Committee.
Monitoring Committee has the charter that serves as 5. Evaluate the conformity of the Bank’s risk
Guidelines and Procedures, regulating among others management policy with its implementation.
294 on: the organization, membership, independency, duties 6. Monitor and evaluate the performance of the Risk
and responsibilities, authority, work ethics, meetings, Management Committee and the Risk Management
reporting responsibilities and term of office. unit for the Committee to provide recommendations
to the Board of Commissioners.

7. Evaluate the Bank’s risk management policy at least
The work guidelines are periodically reviewed to ensure once a year.
the Risk Monitoring Committee’s work coverage is in 8. Evaluate the Board of Directors’ implementation of
line with prevailing provisions and the Bank’s business the Bank’s Risk Management policy at least once
development. The latest review was approved by every three months.
members of the Risk Monitoring Committee on 2
October 2020. Independency of the Risk Monitoring Committee
The composition, qualification and independency
of members of the Risk Monitoring Committee are
in compliance with prevailing provisions. The Risk
Monitoring Committee is chaired by an Independent
Commissioner with members consisting of one
Commissioner and two Independent Parties with the
expertise in the fields of risk management and finance.
Composition of Members of the Risk Monitoring Committee

Irwan Mahjudin Habsjah Chairman 11 September 2019

Takeshi Kimoto Member 1 February 2019
Commissioner
Kanaka Puradiredja Member 1 February 2019 s/d 17 November 2020
Independen Party
Sofyan Rambey Member 1 February 2019
Independen Party
Yosef Antonius Boliona Badilangoe Member 18 November 2020
Independen Party
Term of Office
Members of Risk Monitoring Committee are appointed and terminated by the Board of Commissioners based on
the Meeting resolution of the Board of Commissioners, which in further stipulated into Circular Resolution No PS/
BOC/055/XII/2020 dated 18 November 2020.
Profile of Members of the Risk Monitoring Committee

The complete profile is presented in the “Profile of the Board of Commissioners & BOC Committee members” section
as stipulated in this Annual Report.
Meeting Policy
Meeting policies set forth for the Risk Monitoring Committee are as follows:
1. The Risk Monitoring Committee holds meetings at least one (1) time every three (3) months.
2. Risk Monitoring Committee meetings can only be held if attended by at least 51% of its members.
3. Decisions to be made at Committee meetings are based on consensus. In the event that a consensus cannot be
reached, decisions are based on majority votes.
4. Dissenting opinions, and their reasons, shall be clearly recorded in the minutes of Committee meetings.
Frequency and Attendance of Risk Monitoring Committee Meetings

During the year 2020, the Risk Monitoring Committee held 12 meetings.
295
Name Number of Meetings Attendance Attendance Percentage

Irwan Mahjudin Habsjah 12 12 100
Takeshi Kimoto 12 12 100
Sofyan Rambey 12 12 100
Kanaka Puradiredja 12 12 100
Yosef Antonius Boliona Badilangoe 1 1 100
Implementation of Activities of the Risk Monitoring Committee in the Year 2020

Activities conducted throughout the year 2020 are as follows:
• Evaluate and analyze the Bank’s risk profile (individual and consolidated) on quarterly basis.
• Periodic monitoring on the integrated risk profile of PT. Bank BTPN Tbk as the main entity and the integrated
Capital Adequacy Report of PT. Bank BTPN Tbk as the main entity per semester
• Evaluation of policies and risk management implementation covering credit risk, operational risk, market and
liquidity risk, recovery plan and other risks.
• Monitor and evaluate the duties of the Risk Management Committee and Risk Management unit in relation to the
determination and management of credit risk for each business unit, market risk and liquidity and operational risk.
• Periodic monitoring on the Bank’s soundness - Risk Based Bank Rating (RBBR) and Bank compliance
• Monitor internal and external fraud cases and fraud management strategies as well as the Bank’s internal controls.
• To virtually visit 2 branch offices namely Palembang and Surabaya,
• Prepare Risk Monitoring Committee work plan and program for 2020 and review the Risk Monitoring Committee’s
Charter
COMPETENCY DEVELOPMENT OF THE RISK MONITORING COMMITTEE
Name of Participant and Time and Place of Training

Position Implementation
Yosef A.B. Badilangoe • Business Disruption 2020 Business Consultant

Online Seminar
• HR development during 2020 HR Consultant

pandemic Online Seminar
INTEGRATED GOVERNANCE COMMITTEE 6. The legal basis for the establishment of the
Integrated Governance Committee is the Good
Legal Basis Corporate Governance Manual No. K.008/DIR/
The legal basis used for the Integrated Governance CCS/06/2020
Committee is as follows:
1. Financial Services Authority Regulation No. 18/ Integrated Governance Committee Charter
POJK.03/2014 dated 19 November 2014 and Bank BTPN has the board charter that regulates
Financial Services Authority Circular Letter No. the Guidelines and Procedures of the Integrated
15/SEOJK.03/2015 dated 25 May 2015 on the Governance Committee. The guidelines were
Implementation of Integrated Governance for established on 1 February 2019 and has been
Financial Conglomerates. periodically reviewed on 30 June 2020 which containing:
2. Financial Services Authority Regulation No. 55/ Legal Basis, Objectives, Organization, Duties and
296 POJK.03/2016 dated 9 December 2016 on the Responsibilities and Procedures.
Application of Governance for Commercial Banks
and Financial Services Authority Circular Letter No. Duties and Responsibilities of the Integrated
13/SEOJK.03/2017 dated 17 March 2017 on the Governance Committee

Application of Governance for Commercial Banks. The Committee has duties and responsibilities at least
3. PBI No. 11/33/PBI/2009 dated 7 December 2009 on the following:
and SEBI No. 12/13/DPbS on 30 April 2010 on the 1. Evaluate the implementation of Integrated
Implementation of Good Corporate Governance Governance by assessing the adequacy of internal
for Sharia Commercial Banks and Sharia Business control and the implementation of the Bank’s
Units integrated compliance function.
4. Financial Services Authority Regulation No. 33/ 2. Provide recommendations to the Board of
POJK.04/2014 dated 8 December 2014 on the Commissioners of the Main Entity on how to
Board of Directors and the Board of Commissioners improve the Integrated Governance Guidelines.
of Issuers or Public Companies. 3. Monitor the implementation of Banking Synergy.
5. The Indonesian Financial Services Authority
Regulation number 28/POJK.03/2019 dated 14
November 2019 regarding the Banking Sinergy
in Single Ownership for the Sharia Banking
Development.
Composition of Members of the Integrated Governance Committee

Irwan Mahjudin Habsjah Chairman 11 September 2019

Independent Commissioner BTPN
Ninik Herlani Masli Ridhwan Member 1 February 2019 s/d 17 November 2020
Edmund Tondobala Member 18 November 2020
Dewie Pelitawati Member 1 February 2019
PT Bank BTPN Syariah Tbk
Muhammad Faiz Member 1 February 2019
Sharia Supervisory Board of
Yosef Antonius Boliona Badilangoe Member 1 February 2019
Independent Party
Term of Office 3. Members of the Committee are allowed to invite
The provisions on the tenure or term of office are as parties other than Committee members from the
follows: SMBC Group Financial Conglomerate involved
1. The term of office of a Committee member may or responsible for the topics listed in the Meeting
not be longer than the term of office of a member agenda.
of the Board of Commissioners, as stipulated in 4. Committee meetings can only be held if attended
the Articles of Association of each member of the in person, or through power of attorney, by more
SMBC Group Financial Conglomerate and may be than 50% (fifty percent) of the Committee members,
re-appointed for the following period. including the Chairman of the Committee.
2. In the event the Chairman and/or Committee 5. Committee meetings are chaired by the Chairman of
member resigns prior to completion of his/her term the Committee.
of office as an Independent Commissioner, or in the In the event that the position of Chairman of
event of a replacement by a member of the SMBC the Committee is vacant, the independent
Group Financial Conglomerate, each member of the commissioner of the Lead Entity may temporarily
SMBC Group Financial Conglomerate immediately replace the position of chairman of the committee
appoints his/her successor. as the chairperson of the Meeting.
6. Committee meetings can be held via teleconference
Profile of Members of the Integrated Governance or other electronic media that allows all Meeting
Committee participants to see and hear each other, as well as
Complete profile is presented in the “Profile of the to participate in the Meeting. Committee members
Board of Commissioner & BOC Committee members” who participate in the Meeting through the media
section contained in this Annual Report. and in the manner mentioned above are regarded
297
as present at the Meeting, and counted in the
Meeting Policy attendance quorum as well as in the Meeting’s

The meeting policy as regulated in the guidelines and decisions.
procedures of the Integrated Governance Committee is 7. The Committee may take valid decisions without
as follow: holding a Meeting, provided that all Committee
1. The committee convenes for a meeting at least once members approve in writing. Decisions made in this
every semester. method have the same power as lawful decisions
2. Meeting Invitations are sent through registered mail taken at Committee Meetings.
or electronic mail no later than seven (7) days prior
to the Meeting date. The invitation must include the
day, date, time, place and Meeting agenda. The
meeting materials are sent to the participants of the
Committee meeting no later than two (2) days prior
to the Meeting.
Frequency and Attendance of the Integrated Governance Committee Meetings

Throughout the year 2020, the Integrated Governance Committee held 3 (three) meetings. Below are details of the
meetings:
Name Number of Meetings Attendance Attendance Percentage
Irwan Mahjudin Habsjah 3 3 100%
Ninik Herlani Masli Ridhwan 3 3 100%
Edmund Tondobala* 0 0 100%
Dewie Pelitawati 3 3 100%
Muhammad Faiz 3 2 67%
Yosef Antonius Boliona Badilangoe 3 3 100%
* No Committee’s meetings are conducted since his appointment to 31 December 2020

COMPETENCY DEVELOPMENT OF THE INTEGRATED GOVERNANCE COMMITTEE
Name of Participant and Time and Place of Training

Position Implementation
Dewie Pelitawati • Online Discussion “Regulation 12 August 2020 (online) Lembaga Komisaris dan
and the Role of the Board of Direktur Indonesia (LKDI)
Commissioners and Directors
Related to Bank Soundness, BTPN Syariah
which was attended by the Board 8 October 2020
of Commissioners in Jakarta; (online)
• Refreshment Risk Awareness
attended by the Board of
Commissioners in Jakarta;
Muhamad Faiz Webinar Workshop Pra-Ijtima’ 12-13 October 2020 DSN-MUI

Sanawi (Annual Meeting) Dewan (online)
Pengawas Syariah bidang
Perbankan Syariah
Yosef A.B. Badilangoe • Business Disruption 2020 Business Consultant

Online Seminar
• HR development during 2020 HR Consultant

pandemic Online Seminar
COMMITEES UNDER THE BOARD OF 4. Risk Management Director

DIRECTORS 5. Finance Director
298 To support the execution of duties and responsibilities • Secretary: Deputy Head of Treasury
of the Board of Directors, Bank BTPN establishes
committees which report to the Board of Directors. In Charter
line with prevailing provisions, the Bank is obliged to The Asset and Liability Committee (ALCO) has a charter,
have at least 3 (three) committees to assist the tasks of last updated on 1 July 2020, which among others
the Board of Directors, namely the Risk Management contains the following:
Committee, the Asset and Liability Committee and the
Information Technology Steering Committee. 1. Monitor and manage assets and liabilities
2. Monitor market development and factors that may
Looking at the complexity of BTPN’s business, the affect the bank’s funding and liquidity
management and improvement of the quality of good 3. Monitor the bank’s risk exposure such as risks in
corporate governance implementation is necessary. interest rate and exchange rate
For this purpose, BTPN forms 8 (eight) committees as 4. Decide and provide direction in managing interest
follows: rates, both in funding and lending
1. Asset and Liability Committee 5. And other related matters
2. Risk Management Committee
3. Information Technology Steering Committee Duties and Responsibilities
4. Credit Policy Committee The Asset and Liability Committee (ALCO) has the
5. Credit Committee duties and responsibilities which include the following:
6. Information Governance Steering Committee 1. Review, supervise, and approve the Bank’s overall
7. Human Capital Committee balance sheet strategy on liquidity, prices and
8. Integrated Risk Management Committee capital management.
2. Provide an overview of the conditions of the
ASSET AND LIABILITY COMMITTEE (ALCO) domestic and global economy, as well as analysis
Structure and Membership of the implications of monetary and fiscal policies
The composition of members of the Asset and Liability which have been or will be applied by the
Committee (ALCO) as of 31 December 2020 is as government.
follows:
Implementation of Duties in 2020
Permanent Members In 2020, the Asset and Liability Committee (ALCO) held
• Chairman: Treasury Director 14 meetings with the following discussion agenda:
• Member: • Agreed the cancellation of the IFC loan facility
1. President Director • Agreed the IRRBB calculation projection
2. Deputy President Director 1 • Agreed CASA initiatives for special customers
3. Deputy President Director 2 • Agreed the increase in the exposure of the AFS
Bond as proposed by the Treasury
• Agreed changes to the SOP on the procedure for approval of purchase of government bonds and portfolio
switching submitted by the Treasury.
• Agreed new Treasury limits as stated by MLRM
• Agreed the proposal from Corporate Planning & Treasury regarding the additional limit on Long-term Foreign
Loans from SMBC Singapore
• Agreed the BPV IDR limit increase for a period of 5-10 years.
• Agreed the proposal from Corporate Planning & Treasury regarding the adjustment of FTP & capital income in the
second amendment of the RBB in 2020.
• Agreed the proposal to Utilize the USD Loan Facility from SMBC Singapore with the internal trigger of NSFR
• Agreed the changes of Supplementary liquidity limit
• Agreed on Treasury proposal to shift placement in FASBI to Govt. bonds
Meeting Frequency and Attendance

Throughout the year 2020, the ALCO Committee held 14 meetings, with details of members’ attendance listed below:
Name Position Number of Meetings Percentage of Attendance
Ongki Wanadjati Dana Member 14 100%
Kazuhisa Miyagawa Member 12 86%
Hiromichi Kubo Chairman 13 93%
Darmadi Sutanto Member 14 100% 299

Hanna Tantani Member 14 100%
Henoch Munandar Member 13 93%

Wiwig Santoso Member 14 100%
RISK MANAGEMENT COMMITTEE Permanent Non-Voting Members:

Structure and Membership 1. Head of Internal Audit
The composition of the Risk Management Committee as 2. Executive Officer of Risk Management (Secretary)
of 31 December 2020 is as follows:
Meeting Procedures
The Membership of the Committee shall be ex-officio The guidelines to the implementation of the Risk
and shall comprise: Management Committee meeting are as follows:
1. Meetings of the Committee are held at least 8 (eight)
Chairman: Risk Management Director times annually in line with the set meeting agenda.
If required, a meeting may be held at any time
Members upon the request of one of the Permanent Voting
Permanent Voting Members: Members.
1. President Director 2. The meeting is chaired by the Chairman of the
2. Deputy President Director 1 Committee. In the event the Chairman of the
3. Deputy President Director 2 Committee is unable to attend, the meeting is then
4. Compliance & Legal Director chaired by one of the committee members who
5. Corporate Banking Japanese Director serves as a Director and appointed at the meeting.
6. Wholesale Banking Director 3. If deemed necessary, the committee may invite
7. Treasury Director other parties outside of the Committee Members
8. Operations Director to attend a meeting, including but not limited to
9. Finance Director Subsidiary Companies.
10. Head of Business Banking 4. Only Permanent Members have Voting Rights.
11. Head of Information Technology 5. Permanent Non-Voting Members are not counted in
12. Head of Retail Lending Business the attendance quorum.
13. Head of Wealth Management Business
14. Head of Digital Banking
15. Head of Human Capital
16. Head of Wholesale Banking
6. Meetings can only be held if attended and/or Implementation of Duties in 2020

represented by more than 50% of the committee During 2020, the Risk Management Committee held 12
members with voting rights. (twelve) meetings. The Risk Management Committee
7. Decisions taken at committee meetings must be Meeting is a means to monitor 8 (eight) types of risk
based on deliberation to reach consensus. In the as stipulated in the Risk Management Policy and Bank
event a decision cannot be reached, the decision Indonesia/OJK Regulations.
must be taken through a vote of more than 50% of
the committee members with voting rights and are The Risk Management Committee has discussed in
present at the meeting. detail various important agendas:
8. In the event of a conflict of interest, decision making • The credit risk management, as seen from the
is carried out in accordance with the relevant Bank’s Cost of Credit, Credit Risk Appetite, Credit
provisions of the Corporate Policy. Portfolio, and NPL.
9. Dissenting opinions, and the reasons behind, • Updates on the implementation of IFRS 9/PSAK 71
conveyed at Committee meetings must be clearly along with the timeline for its implementation.
noted in the Minutes of Meeting. • Updating of the Bank’s participation in the
Reports/materials of the Risk Management Relaxation program due to the COVID-19 pandemic.
Committee are prepared by the Risk Management Regarding the COVID-19 restructuring portfolio, the
Unit. Committee decided to add monitoring parameters
10. The unit must submit the materials/data every month as follows:
to the appointed (PIC) of the Risk Management Unit a. Post-restructuring performance
no later than 8 working days following the month- b. Monitoring of provision for restructured loans for
300 end. relaxation
11. The Risk Management Unit may request for • The operational risk management as seen from
additional information/data from other units at the Operational Risk Appetite, Operational Loss
the Bank to be included in the Risk Management and Recovery, Key Operational Risk Indicators,
Committee report/ materials. Operational Risks inherent in the Bank, including
12. Results of the committee meeting must be stated in Business Continuity Management especially in the
the Meeting Minutes and documented accordingly. context of adapting after the COVID-19 pandemic.
13. Decisions taken at the meeting and recorded in the • The market & liquidity management, the Risk
Minutes of Meeting are signed by the Chairman and Management Committee discusses as well as
Secretary of the Meeting, and then circulated to the a form of management monitoring of Market &
committee members. Liquidity ratios and the Bank’s status on these
14. The Committee can make valid decisions without ratios.
holding a meeting by means of the committee • The other risks management, namely Compliance
circular media as approved by all Permanent Voting Risk, Strategic Risk, Reputation Risk and Legal Risk.
Members. This process may be carried out as long • The fraud management, regarding the Number of
as the submitted proposal has been conveyed in the Fraud Cases along with Losses and Recovery, Fraud
circular to all Permanent Voting Members. Detection Channels, Types of Fraud, and Action
Plans carried out by Anti Fraud Management in
Duties and Responsibilities the context of fraud mitigation and management
The Risk Management Committee has duties and in accordance with POJK 39 / POJK.03 / 2019
responsibilities which include the following: concerning “Penerapan Strategi Anti Fraud bagi
1. Formulate risk management policies and Bank Umum”. Updating Fraud Committee Decree
frameworks, risk limits as well as updates, and Investigation - Threshold were also discussed.
amendments and/or improvements. • Signing of the integrity pact and anti-fraud
2. Evaluate the aptness between risk management declaration by the Board of Directors, Board of
policies and their implementation. Commissioners, and Bank employees.
3. Evaluate and provide recommendations on • Annual review of the Action Plan and Stress Test.
transactions or activities which deviate from normal
procedures.
In the context of monitoring risks with subsidiaries, every quarter is presented a consolidation of the Bank with
subsidiaries as well as consolidated reporting of Risk Profile, RBBR, ICAAP, Integrated Risk Profile Assessment and
Integrated Minimum Capital Report in accordance with BI/OJK regulations.

Throughout the year 2020, the Risk Management Committee conducted 12 meetings, with details of the members’
attendance as follows:
%
No Name Position Meetings Attendance Description
Attendance
CHAIRMAN
Risk Management
1 Henoch Munandar 12 12 100%
Director
MEMBER
1 Ongki Wanadjati Dana President Director 12 11 92%
Deputy President Resigned in November

2 Kazuhisa Miyagawa 12 10 83%
Director 1 2020
Deputy President
3 Darmadi Sutanto 12 12 100%
Director 2
Corporate Banking
4 Yasuhiro Daikoku
Japanese Director
12 8 67%
301
Wholesale Banking
5 Adrianus Dani Prabawa 12 11 92%
Director

6 Hiromichi Kubo Treasury Director 12 11 92%
7 Merisa Darwis Operational Director 12 12 100%
Compliance & Legal

8 Dini Herdini 12 11 92%
Director
9 Hanna Tantani Finance Director 12 12 100%
Head of Retail Lending

10 Vincentius Hidayat 12 11 92%
Busines
Head of Wealth Man-

11 Helena 12 9 75%
agement Business
12 Irwan Sutjipto Tisnabudi Head of Digital Banking 12 10 83%
Effective March 1, 2020,

Head of Wholesale
13 Nathan Christianto 12 7 58% he serves as a member
Banking
of the BOM
Resigned on May 26,

Pratomo Soedarsono Head of Human Capital 12 4 33%
2020
14 Effective July 1, 2020,
Mira Fitria Head of Human Capital 12 6 50% he serves as a member
of the BOM
Head of Business Resigned on March 30,

Steffano Ridwan 12 1 8%
Banking 2020
effective from 15 March

Head of Business 2020 to 14 September
Canisius Soriton (Pjs) 12 5 42%
15 Banking 2020 Acting BOM
member
Effective as of August
Head of Business
Jeffrey Cheanandro Tjoeng 12 4 33% 28, 2020, he serves as a
Banking
member of the BOM
%
No Name Position Meetings Attendance Description
Attendance
Head of Information Resigned on 20
YB Hariantono 12 2 17%
Technology February 2020
Temporary office
Head of Information as member of BOM
16 Setiasmo (Pjs) 12 1 8%
Technology effective as of 20
February 2020
Head of Information Effective as member of

Jeny Mustopha 12 4 33%
Technology BOM on August 2020
MEMBERS REMAIN WITHOUT VOTING RIGHTS
1 Nurhajati Soerjo Hadi Head of Internal Audit 12 12 100%
Executive Officer for

2 Sendiaty Sondy Risk Management 12 12 100%
(Secretary)
INFORMATION TECHNOLOGY STEERING Charter

COMMITTEE 1. IT Steering Committee Meetings are held at least
Structure and Membership once every 3 (three) months in accordance with the
The composition of members of the Information set meeting agenda. If needed, the meetings can be
Technology Steering Committee as of 31 December held at any time upon the request of one permanent
302 2020 is as follows: voting member.
2. The meetings are chaired by the chairman of
The Membership of the Committee shall be ex-officio the committee. In the event that the chairman of
and shall comprise minimum: the committee is unable to attend, the meeting
is chaired by one of the committee members
Chairman: Head of Information Technology who serves as a Director and is appointed at the
meeting.
Permanent Voting Members: 3. Only permanent voting members, or their
1. President Director representatives present at the meeting, may vote.
2. Deputy President Director 1 and 2 4. Meetings can only be held if attended by 50%
3. Risk Management Director of the committee voting-members and/or their
4. Operations Director representatives, provided that one of them is the
5. Corporate Banking Japanese Director chairman of the committee and/or the President
6. Wholesale Banking Director Director.
7. Treasury Director 5. Decisions taken at committee meetings are based
8. Finance Director on deliberation to reach consensus. In the event a
9. Head of Business Banking decision based on deliberation to reach consensus
10. Head of Retail Lending Business cannot be reached, the decision must be taken
11. Head of Wealth Management Business through a vote of more than 50% of the committee
12. Head of Digital Banking voting-members, including the chairman of the
committee and/or the President Director.
Permanent Non-Voting Members: 6. In the event of a conflict of interest, decision-making
1. Head of Internal Audit is conducted in accordance with relevant provisions
2. Executive Officer of Information Technology as per the Corporate Policy.
(Secretary) 7. Dissenting opinions and the reasons behind them,
expressed at Committee meetings, must be clearly
recorded in the Minutes of Meeting.
8. Results of the meeting must be stated in the Implementation of Duties in 2020
minutes of the meeting and documented. Throughout the year 2020, the Information Technology
9. More than 50% of committee meetings are attended Steering Committee conducted 4 (four) meetings, on 17
in person by over 70% of committee members. March, 23 June, 22 September and 8 December.
10. If deemed necessary, the IT Steering Committee
may invite parties other than committee members, Meeting Frequency and Attendance
including Subsidiaries, to attend the meeting. During the year 2020, the Information Technology
11. Decisions taken at the meetings and recorded in the Steering Committee held 4 (four) meetings, with details
Meeting Minutes are signed by the Chairman and of frequency and attendants noted below:
the Secretary of the Meeting, and then circulated to
the committee members. Permanent Voting Members:
12. The Committee can make a valid decision without
holding a meeting through the committee’s circular Chairman: President Director
media, which is approved by all permanent voting
members. This process can be carried out as Member:
long as the submitted proposal is conveyed in the - Deputy President Directors
circular to all permanent voting members. - Director and BOM in charge of Business related
Credit
Duties and Responsibilities - Director in charge of Risk Management
The duties and responsibilities of the Information - Director in charge of Compliance
Technology Steering Committee are to provide
recommendations to the Board of Directors which at the Permanent Non-Voting Members:
303
least cover the following: - Head of Portfolio Management & Policy
1. Information Technology (IT) strategic plans in line - Head of Business Risk (all segment)

with the strategic plans of the Bank’s business - Head of Internal Audit (observer)
activities. - Head of Compliance
2. Formulation of key IT policies and procedures, such - Head of Legal and Litigation
as IT security policies and risk management related
to IT utilization at the Bank. Charter
3. Conformity of approved IT projects with IT Strategic The Credit Policy Committee has a charter, by the Board
Plan. of Directors on 1 July 2020, which contains provisions
4. Conformity of the implementation of IT projects with on the following:
the project plan (project charter) as agreed in the 1. Meetings
service level agreement. - Credit Policy Committee meetings is held at
5. Conformity of the IT with the needs of the least 2 (two) times in one year.
management information system that supports the - The meetings are chaired by the chairman of
management of the Bank’s business activities. the committee. In the event that the chairman
6. The effectiveness of risk-minimizing measures over is unable to attend, the meetings are chaired by
the Bank’s investment in the IT sector, and that the one of the permanent voting members of the
investment contributes to the achievement of the committee and appointed at the meeting
Bank’s business objectives. 2. Quorum
7. Evaluation of the performance and utilization - Credit Policy Committee meetings can only be
of information technology to ensure that the held if they are attended by more than 50% of
technology supports and meets the Bank’s business the permanent voting-members including the
needs. chairman of the committee
8. Efforts to solve various IT-related issues that may - In the event a committee member is unable to
not be solved by the user-unit and the organizer- attend, they may appoint a representative to
unit. attend on their behalf.
9. Evaluation of the availability and sufficiency
of human resources to perform IT operations,
maintenance, and support.
10. Provide feedback on the processes related to IT risk.
3. Decision-Making • Results/review of monitoring and evaluation of

Decisions taken by the Credit Policy Committee are the quality and condition of the credit portfolio.
based on deliberations to reach consensus. In the • Suggestions for policy improvements.
event a decision cannot be reached, the decision 6. Perform review toward credit policy to be in line
must be taken through a vote of more than 50% of with the internal policy and prevailing laws and
the permanent committee voting-members present regulation.
at the meeting, including the chairman of the
committee. Implementation of Duties in 2020
4. Decision-Making Without Formal Meetings The Credit Policy Committee is held a meeting for first
The Credit Policy Committee may take valid semester on July 28, 2020 and a second semester
decisions without holding formal committee committee meeting on December 15, 2020.
meetings (through the Committee’s Circular
Decision), provided that all permanent voting- The Credit Policy Committee has conducted detailed
members approve the decision in writing. discussions on credit policies applicable in the Bank
with the discussion agenda as follows:
Duties and Responsibilities • Updating the Credit Policy based on changes in
Duties and responsibilities conducted by the Credit regulatory provisions relating to Asset Quality,
Policy Committee are as follows: Provision based on PSAK 71 and several changes
1. Hold meetings to determine the direction of the in credit policy in the context of post-merger
Bank’s loan position and monitor the implementation adjustments and alignment with the group’s credit
of the credit policy policy.
304 2. Provide feedback to the Bank’s Board of Directors • Adjusting product and service policies, which,
in formulating the Bank’s Credit Policy and conduct among others, regulate credit and financing
periodic reviews of the Bank Credit Policy products managed by banks.
3. Oversee the application and implementation of the

Bank Credit Policy Several matters related to the handling of credit due
4. Evaluate and analyze the quality of the Bank’s credit to the impact of the COVID-19 pandemic, are also
portfolio related to the credit policy matters of concern for the Bank and the Bank to
5. Provide periodic reports that cover at least of the actively participate in relaxing debtors proclaimed by
following: the Government in the context of National Economic
• Summary of results of the supervision over the Recovery due to the impact of the COVID 19 pandemic.
application and implementation of the Bank’s
Credit Policy.
Meetings Frequency and Attendance
In the year 2020, the Credit Policy Committee held 2 meetings, with details on the attendance as follows:
Number of
Name Position Attendance % Attendance
Meetings
Chairman
Ongki Wanadjati Dana President Director 2 2 100%

Members
Darmadi Sutanto Deputy President Director 2 2 100 %
Kazuhisa Miyagawa Deputy President Director 2 1 50 %
Yasuhiro Daikoku Japanese Corporate Banking Director 2 2 100 %
Dani Prabawa Wholesale Banking Director 2 2 100 %
Husan Mahjudin Head of Corporate Credit 2 1 50 %
Nathan Christianto Head of Wholesale Banking 2 2 100 %
Vincentius Hidayat Head of Retail Lending Business 2 2 100 %
Irwan Sutjipto Tisnabudi Head of Digital Banking 2 1 50 %
Henoch Munandar Risk Management Director 2 1 50 %
Dini Herdini Compliance Director 2 2 100 %

Members Without Voting Rights 305
Sendiaty Sondy Head of Portfolio Management & Policy 2 2 100 %
Adil Pamungkas Head of Retail Risk 2 2 100 %

Sidik Warsito Head of Credit Risk Business Banking 2 2 100 %
Nurhajati Soerjo Hadi Head of Internal Audit 2 2 100 %
Butet Sondang Sitepu Head of Compliance 2 1 50 %
Argo Wibowo Head of General Counsel 2 0 0%
CREDIT COMMITTEE
Structure and Membership
The composition of the Credit Committee as of 31 December 2020 is as follows:
Chairman: President Director
Member:
- Deputy President Director
- Business Director/Business Head
- Credit Risk Head
- Loan Department Head
- Business Credit Risk Head
- Group or Department Head of Business
- Risk Management Director (Observer)
Charter 2. Meeting Quorum

The Credit Committee has a charter, approved by the The Credit Committee meetings may be held if
Board of Directors on 1 July 2020, which among others attended by at least 51% of the compulsory meeting
contain provisions on the following: participants and with a minimum of 1 representative
from the Credit Department or Loan Department.
1. Meetings Attending observer is not counted in the meeting
The Credit Committee holds its meetings at any time quorum.
as required.
Committee members who are not compulsory
Credit Committee Meetings are held to generate meeting participants are allowed to attend, however
recommendations for the President Director or their attendance may not be counted in the meeting
Deputy President Director who makes ultimate quorum and shall have no voting rights in the
decisions on loan approvals, including conditions meeting’s decision-making
and instructions relating to Loan Approvals.
Decision-Making in the Committee Meeting
On recommendation of the Credit Committee, the Decision making in the Credit Committee meetings is
relevant Business Director/Head of Business signs carried out based on majority votes, namely affirmative
the recommendation sheet with other committee votes of at least 51% (fifty-one percent) of the total
members. members attending the meeting, inclusive of the
President Director/Deputy President Director.
Credit Committee members who are required to
306 attend committee meetings are determined based The vote of the Director of Risk Management as
on the meeting agenda with the following details: observer shall not be counted in the Committee
Meeting’s decision-making, however, each of the
Committee Meeting’s decision must be acknowledged

by the Risk Management Director.
Agenda Compulsory Meeting Participants
1. Credit related to Wholesale, Corporate and • President Director or Deputy President Director
Commercial Banking segments • Relevant Director of Wholesale, Corporate and Commercial Banking
• Head of Credit Risk
• Head of Loan Department
• Relevant Group and Department Head of Wholesale, Corporate and Commercial
Banking
• Risk Management Director (Observer)
Note:
Meeting is chaired by Chairman of Committee (President Director). In the event the
Committee Chairman is unable to attend, the Deputy President Director shall act as
Chairman of Committee.
2. Credit related to Business Banking segment • President Director or Deputy President Director
• Director/Head of Business Banking
• Head of Business Banking Credit Risk
• Head of Credit Risk
• Risk Management Director (Observer)
Note:
Meeting is chaired by Chairman of Committee (President Director). In the event the
Committee Chairman is unable to attend, the Deputy President Director shall act as
Chairman of Committee.
In the event decision-making in the Committee Meeting produce the number of affirmative votes equivalent to the
non-affirmative votes, the Committee Chairman may then determine the final decision which the Committee takes.
Duties and Responsibilities

In assisting the Board of Directors with its duties and responsibilities in credit management and planning, the Credit
Committee has the responsibilities as follows:
1. Independently analyze and approve loan disbursements in accordance with the stipulated authority limit
(decisions taken must be objective, carried out based on prudent analysis and avoiding conflict of interest).
2. Ensure that business is carried out in accordance with the Bank’s risk management policies, standards, and
practices.

Throughout the year 2020, the Credit Committee held 30 meetings, with details of attendance as follows:

Wholesale, Corporate and Enterprise Banking Credit Committee
Number of
Meetings
Ongki Wanajati Dana / President Direction/ 30 30 100

Kazuhisa Miyagawa Deputy President Director
Dani Prabawa/ Director of Wholesale/ 30 25 83 307

Yasuhiro Daikoku Director of Japanese Corporate
Banking

Takane Shiomi Head of Business Credit Risk 30 29 97
1. Nathan Christianto, or Group Head or Wholesale 30 30 100

2. Tatsuro Suzuki, or Department, Corporate or
3. Karinda Rachmana, or Commercial Banking
4. Kunihiro Shimizu, or
5. Tsuyoshi Nakayama, or
Margareth Susanto
Husan Mahjudin Head of Loan Department 30 30 100
Henoch Munandar Risk Management Director 30 10 33
Commercial and Business Banking Credit Committee
Number of
Meetings
Ongki Wanajati Dana President Director
Darmadi Sutanto / Kazuhisa Direktur/Kepala Business

Miyagawa Banking
Takane Shiomi Head of Credit Risk
Sidik Waskito Head of Business Banking Credit

Risk During 2020 credit decisions are made circularly
Henoch Munandar Risk Management Director
Steffano Ridwan Head of Business Banking *)
Jeffrey C. Tjoeng Head of Business Banking **)
Canisius Soriton Pjs Head of Business Banking

***)
Note:
*) Resigned on March 30, 2020
**) Effective 28 August 2020
***) Effective 15 March 2020 - 14 September 2020
INFORMATION GOVERNANCE STEERING 5. Decisions taken at committee meetings must be

COMMITTEE based on deliberation to reach consensus. In the
event a decision cannot be reached, the decision
Structure and Membership must be taken through a vote of more than 50% of
The composition of members of the Information the committee members with voting rights present
Governance Steering Committee as of 31 December at the meeting, including the chairman of the
2020 is as follows: committee and/or the Compliance Director.
6. In the event of a conflict of interest, decision making
Chairman: Head of Information Technology is carried out in accordance with the relevant
provisions stipulated in the Corporate Policy.
Permanent Voting Members: 7. Dissenting opinions, and the reasons behind them,
1. Compliance Director expressed at Committee meetings must be clearly
2. Risk Management Director recorded in the Minutes of Meeting.
3. Operations Director 8. Results of a committee meeting must be stated
4. Finance Director in the minutes of the meeting and appropriately
documented.
Permanent Non-Voting Members: 9. If deemed necessary, the committee may invite
1. Head of Internal Audit other parties outside of the committee members,
2. Executive Officer of Data Management Information including Subsidiaries, to attend the meeting.
Technology (Secretary) 10. Decisions taken at a meeting in the form of Meeting
Minutes are signed by the Chairman and the
308 Standing Invitees: Secretary of the Meeting, and then circulated to the
1. Corporate Banking Japanese Director committee members.
2. Wholesale Banking Group Director 11. The Committee may make valid lawful decisions
3. Treasury Director without holding a meeting through a committee

4. Head of Business Banking circular media, approved by all permanent voting
5. Head of Retail Lending Business members. This process may be carried out as
6. Head of Wealth Management Business long as the submitted proposal is conveyed in the
7. Head of Digital Banking circular to all permanent voting members.
8. Executive Officer of Analytics, Business Planning &
Credit Policy Duties and Responsibilities
The Committee conforms to the guidelines in
Charter performing its duties and functions, namely provide
The Information Governance Steering Committee has recommendations to the Board of Directors comprising
a charter, approved by the Board of Directors on 1 at least as follows:
July 2020 which contains such work guidelines and 1. Formulation of main data and information
procedures as the following: governance policies and procedures such as data
1. Information Governance Steering Committee quality and risk management policies related to
Meetings are held at least 4 (four) times a year with Bank data and information, including the standards
a fixed meeting agenda. If required, the Information intended to be achieved (target-state).
Governance Steering Committee meetings can be 2. Planning and stipulation of the scale of priorities
held at any time upon the request of one permanent of projects required for applying the stipulated
voting members. policies and procedures as well as for achieving the
2. Meetings are chaired by the chairman of the determined standards.
committee. In the event that the chairman is unable 3. Conformity of the projects approved to the
to attend, the meeting is chaired by one of the information governance plan, the data and
committee members who serves as a Director and is information governance policies and procedures, as
appointed at the meeting. well as the target-state.
3. Only permanent voting members, or their 4. Conformity of the implementation of the data and
representatives present at the meeting have voting information governance projects as well as the data
rights. analytics to the agreed project charter.
4. Meetings can only be held if attended by 50% of 5. Conformity of the information governance to the
the committee members with voting rights and/ Information Technology (TI) Strategic Plan for
or their representatives, provided that one of the supporting the Bank business activity management.
members is the chairman of the committee and/or
the Compliance Director.
6. Monitoring on the Bank data and information governance condition as well as the improvement efforts thereof,
for example by detecting data quality issue and measuring the effectiveness and efficiency of the use of data and
information assets.
7. The efforts of settlement of various data and information-related issues, which cannot be settled and escalated by
the data and information governance forum.
8. The establishment of data and information driven organization culture.

Throughout the year 2020, the Information Governance Committee conducted 4 (four) meetings in accordance with
the set plans in its work manual. The meetings are actualized as the Committee’s act of duties.

During the year 2020, the Information Technology Governance Steering Committee held 4 (four) meetings, with details
of the frequency and attendants as follows:
Number of
Meeting
Chairman
Setiasmo (ad interim) Head of Information Technology 2 2 100%
Jeny Mustopha Head of Information Technology 3 3 100%

(start 5-Aug-2020) 309
Permanent Members with Voting Rights

Dini Herdini Compliance & Legal Director 4 3 75%
Hanna Tantani Finance Director 4 3 75%
Henoch Munandar Risk Management Director 4 4 100%
Merisa Darwis Operations Director 4 4 100%

Permanent Members Without Voting Rights
Nurhajati Soerjo Hadi Head of Internal Audit 4 3 75%
Hendra Rahardja IT Data Management Head 4 4 100%

(secretary)
Permanent Invitation
Yasuhiro Daikoku Corporate Banking Japanese 4 4 100%

Director
Adrianus Dani Prabawa Wholesale Banking Director 4 3 75%
Hiromichi Kubo Treasury Director 4 3 75%
Vincentius Hidajat Head of Retail Lending Business 4 4 100%
Helena Head of Wealth Management 4 4 100%

Business
Irwan Sutjipto Tisnabudi Head of Digital Banking 4 4 100%
P. Canisius Soriton, SE (pjs) Head of Business Banking 4 4 100%
Erliana Retail Banking Analytics, 4 3 75%

Business Planning & Credit
Policy Head
Nathan Christianto Head of Wholesale Banking 3 3 100%

HUMAN CAPITAL COMMITTEE Duties and Responsibilities

Details of duties and responsibilities of the Committee
Structure and Membership are as follows:
Membership of the Committee is ex officio (based on 1. Evaluate policies, strategies and targets regarding
position) and consists of the following: Human Capital and make recommendations to the
Board of Directors to be established as policies,
Chairman: President Director especially policies of strategic nature.
2. Evaluate the implementation of Human Capital’s
Permanent Members: remuneration program and make recommendations
1. Deputy President Director(s) to be approved by the Board of Directors.
2. Financial Director 3. Approves the deviations of the Company
3. Operational Director regulations/procedures that are applicable in Human
4. Risk Management Director Capital sector that exceed the authority of the
division head and/or Director in charge of Human
Secretary: Head of Human Capital Capital, by taking into account the Company’s
hierarchy policy.
Charter 4. File the recommendation to the Board of Directors
In performing its duties, the Committee adheres to the regarding the appointment and assignment
following provisions: (nomination) of members of the Board of Directors
1. Decisions taken at the Committee meetings are or Board of Commissioners or Employee of
based on deliberation to reach consensus. In the the Company in the Subsidiary (including as
310 event a decision cannot be reached, the decision the member of Sharia Supervisory Board in the
must be taken through a vote of more than 50% of Subsidiary with Sharia business).
the committee members with voting rights, including
the President Director. Implementation of Duties in the Year 2020

2. In the event of a conflict of interest, decision- In 2020, the Human Capital Committee held some
making is performed in accordance with the relevant meetings and give recommendation to Board of
provisions in the Corporate Policy. Directors regarding:
3. Dissenting opinions, and the reasons behind them, 1. Operating Model Project
expressed at Committee meetings must be clearly 2. Executive Grade Promotion
recorded in the Meeting Minutes. 3. Pay Review 2020
4. Nomination of Board of Management Member
5. Medical Insurance Provider Tender
6. Off-Cycle Grade Promotion Year 2020

Throughout the year 2020, the Human Capital Committee held 8 meetings, with details on the attendance as noted in
the table below:
Number of Percentage of
Name Position Attendance
Meetings Attendance
Ongki Wanadjati Dana President Director 8 8 100%
Kasuhiza Miyagawa* Deputy President Director 8 8 100%
Darmadi Sutanto Deputy President Director 4 4 100%
Merisa Darwis Director 8 8 100%
Hanna Tantani Director 8 8 100%
Henoch Munandar Director 6 5 83%
Pratomo Soedarsono** Head of Human Capital 4 4 100%
Mira Fitria Head of Human Capital 4 4 100%
* Resigned on 18 November 2020

** Replaced by Mira Fitria
INTEGRATED RISK MANAGEMENT COMMITTEE 2. Quorum
Risk Management Committee meetings can only be
Structure and Membership held if attended by a minimum of 50% (fifty percent)
The membership structure of the Risk Management of the Permanent Members of the committee in
Committee is as follows: addition to the Chairman.
3. Decision-Making
Permanent Member - Decision-making in committee meetings is
1. Director of Integrated Risk Management from PT based on deliberation and consensus.
Bank BTPN, Tbk as Lead Entity who also act as - In the event that deliberation and consensus
chairman. cannot be reached, decision-making must be
2. Director in charge of risk management of, or a based on the counted majority of votes of the
person who represents and appointed by BTPN Permanent Members attending the meeting.
Syariah 4. Review
3. Executive Officer in Risk Management Department Review of the charter of the Integrated Risk
of BTPN who is in charge of Integrated Risk Management Committee is conducted at least 1
Management Unit (“IRMU”). (once) a year and/or sooner if required.
Non-Permanent Member Duties and Responsibilities

Director and Executive Officers from FSI members The Committee is responsible for providing
of Conglomeration and will be invited depend on the recommendations to the Board of Directors of the
needs of Conglomeration Main Entity on matters pertaining to risk management,
particularly on the following:
311
Charter 1. Formulation and review of the Integrated Risk
Provisions in the Charter of the Integrated Risk Management policy;

Management Committee are as follows: 2. Corrections or amendments of the integrated
risk management policy, among others, on the
1. Meetings improvement of the strategy and risk framework
- The committee holds a meeting at least once based on the results of the implementation
every semester, or as required. evaluation. Reviews must be conducted periodically
- The Committee may invite Non-Permanent as required and take into account any changes
Members of the Committee to attend a meeting in external and internal conditions that may
if required be detrimental to the sufficiency of the Bank’s
- The Committee Meetings discuss the capital, risk profile, and the effectiveness of the
Integrated Risk Profile Assessment Report of implementation of integrated risk management;
the Conglomerate. In addition, the SKMRT 3. Other matters related to the implementation of
also collect additional meeting agendas from integrated risk management which are of concern to
Conglomerate members 1 (one) month prior to the Committee Members.
the Risk Management Committee meeting. This
agenda is to be sent together with the invitation Implementation of Duties in the Year 2020
to attend the committee meeting. Integrated Risk Management Committee has held
- Results of Integrated Risk Management meetings 2 (twice) times for the first semester position
Committee meetings, including dissenting on 5 August 2020 and for the second semester position
opinions, must be recorded in the meeting on 10 February 2021.
minutes, signed by all Permanent Members and
appropriately documented. The Meeting Minutes
are circulated to all Permanent Members of the
committee.
- The Committee may make valid decisions
without holding a meeting through the
committee circular media, which is approved by
all Members. This process may be carried out as
long as the submitted proposal is conveyed to
all Members.
Integrated Risk Management Committee conducts detailed discussions on:

• Consolidated financial achievements - Financial Conglomerate SMBC
• Submission of integrated risk profile reports and integrated KPMM reports from the SMBC Financial
Conglomerate for the position of June 2020 and December 2020
• Preparing the Integrated Risk Management Committee Rules and Regulations.
• Creating a schedule and Annual Work Plan for the Integrated Risk Management Committee for 2020.
• Bank and Subsidiary’s participation in the National Economic Recovery Program conducted by the Government
due to the COVID-19 pandemic.
• Plans to form Bank Synergy Policies in accordance with the direction of regulators and integrates risk profile
parameters with subsidiaries. The Bank has accommodated the establishment of the Bank Synergy Policy in Risk
Management Policies.

During the year 2020, the Integrated Governance Committee held its meetings 2 times, with details of the attendance
as follows:
Number of Percentage of
Name Position Attendance
Meetings Attendance
Henoch Munandar Risk Management Director 2 2 100%
Sendiaty Sondy Portfolio Management & Policy 2 2 100%

312 Head
Arief Ismail Overseeing Compliance and Risk 2 2 100%

Management Director
REMUNERATION OF THE BOARD OF COMMISSIONERS AND THE BOARD OF DIRECTORS
Policy
Establishing the remuneration and other facilities provided to members the Board of Commissioners and the Board of
Directors refer to the resolutions of the shareholders as stipulated in the GMS. Such establishment takes into account
the recommendations provided by the Remuneration and Nomination Committee.
In determining the remuneration of each member of the Board of Commissioners and the Board of Directors, the Bank
takes consideration of the general performance, performance assessment, fairness in comparison to peer groups in
banks and banking industry, as well as the Company’s capabilities. The Company’s performance is one of the factors
in determining the remuneration of members of the Board of Commissioners and the Board of Directors among others
as portrayed in the price of the company’s stock exchange price.
Procedures of Establishing Remuneration

The process of determining the remuneration of the Board of Commissioners and the Board of Directors at the Bank
is explained in the flow chart below.
SELECTION &
REVIEW DECISION
RECOMMENDATIONS
1. Survey of several Indonesian bank 4. Based on the data benchmarks 5. Decisions of the Board of
to obtain data as the benchmark (external) and data in the form of Commissioners regarding remuneration
for the remuneration of the Board company performance (internal), the for the members of the Board of
of Commissioners and the Board of Committee can give recomendations Commissioners and the Board of
Directors. If necessary, the Committee about the remuneration of each Directors.
can appoint/work with consultant/ Commissioner and DIrector
independent parties in order to obtain 6. GMS approval of the remuneration of
valid data. the Board of Commissioners and the
Board of Directors.
2. The committee analyzes the survey/
benchmark result extrapolated from the
acquired data.
3. The Committee reviews the

Company’s performance to evaluate
the performance of the Board of
Commissioners and the Board of
Directors.
REMUNERATION STRUCTURE OF THE BOARD OF COMMISSIONERS
Total Amount Received in Rupiah (Gross) in 1 (one) year
Type of Remuneration and Other Facilities Board of Commissioners

Number of Recipients as of 31
Rp Million
December 2020
Salary, bonus, fixed allowance, tantiem,

5 7,511
and other facilities in cash.*
Non-Cash Facilities: housing, health insurance, and others, that may be in the forms of the following:
May be Owned 5 212
May Not be Owned 5 6
Total 5 7,729
Total Amount of Remuneration and Benefits in 1 Year Number of Commissioners
Above Rp2 Billion 1
Above Rp1 Billion – Rp2 Billion 2
Above Rp500 Million – Rp1 Billion 0
Under Rp500 Million 1

313
The number of Directors, Commissioners and Employees as the Recipients of Fixed and Variable Remuneration in 1
(One) Year and the Total Amount.

FIXED CATEGORY
(Rp Million)
Name 2020 2019
Board of Directors 48,374 37,715
Board of Commissioners 6,611 7,450
Employees 1,349,268 1,331,273
VARIABLE CATEGORY
(Rp Million)
2020 2019
Name
Headcount Total Amount Headcount Total Amount
Board of Directors* 15 42,129 7 73,550
Board of Commissioners 1 900 3 3,760
Employee Bonus - 195,230 - 154,050
Employee Incentive - 23,311 - 27,378
* included former Directors
SHARES OPTIONS OWNED BY DIRECTORS, COMMISSIONERS, AND EXECUTIVE OFFICERS
Name 2020 2019
Board of Directors - 6,300,000
Board of Commissioners - -
Employees - 20,140,000
*) Directors, Commissioners and Executive Officers of Conventional BTPN

RATIO OF HIGHEST AND LOWEST SALARIES

(Rp Million)
Name 2020
Highest of Employee – Lowest of Employee 109.38
Highest of Director – Lowest of Director 4.17
Highest of Commissioner – Lowest of Commissioner 2.7
Highest of Director – Highest of Employee 2.02
TOTAL DEFERRED VARIABLE REMUNERATION

(Rp Million)
2020 2019
Name
Headcount Total Amount Headcount Total Amount
Deferred Bonus (Gross) 10 9,559,601,564 7 16,350,000,000
MESOP 2015-2020 0 0 204 76,360,000
ESOP 2016-2021 3 195,000 3 198,000
*) Performance bonus of previous year

314 **) Directors and Executive Officers of Conventional BTPN
Performance Review in Relation to Remuneration Individual performance is assessed by reviewing

The connection between performance and remuneration the actualization of individual targets, and is
is explained below: categorized into –outstanding, very good, good, needs
1. The Bank refers to the meritocracy principle when improvement, and poor. The amount of remuneration
determining the amount of remuneration for its adjustment is based on the individual performance
Directors and employees, both for fixed and variable assessment. The management provides guidelines
remuneration. Individual remuneration is reviewed on the amount of fixed and variable remuneration
annually and any adjustments are based on adjustments in line with individual performance.
individual performance.
2. In terms of Bank Performance Management, The provision of variable income related to performance
each member of the Board of Directors and each and risk is stipulated by the following conditions:
employee has individual targets, which form the 1. 80% of the Variable Income is provided in cash.
basis of assessing their individual performance. 2. 20% of the Deferred Variable Income is distributed
The individual targets of the Board of Directors, as follows:
which are also the targets of his/her work unit/ • 10% is provided in cash and in the first year
directorate, are derived from the Bank’s targets, after 80% of the Variable Income has been
which are divided between work units and individual delivered.
employees. • 5% is given in the form of shares in the second
3. Unit and individual performance assessments are year after 80% of the Variable Income has been
based on the realization of the targets of each work delivered.
unit and individual. Unit performance is categorized • 5% is given in the form of shares in the third
into – Exceeding the Targets, Achieving the Targets, year after 80% of the Variable Income has been
and Below the Targets. Unit performance also delivered.
influences the performance of the head of the work
unit. Positions and Number of Parties That Become
Material Risk Takers
Positions included in the category of risk takers are the
10 Directors. Such number is the number of Material
Risk Taker (MRT) during the year 2020.
REMUNERATION STRUCTURE OF THE BOARD OF DIRECTORS
Total Amount Received in Rupiah (Gross) in 1 Year
Type of Remuneration and Other Facilities Board of Directors

Total Recipients as of 31 December
Rp Million
2020
Salary, bonus, fixed allowance, tantiem, and

9 88,652
other facilities in cash.*
Other facilities; housing, health insurance, and others, in the form of:
May be Owned 9 5,258
May Not be Owned 9 63
Total 9 93,974
Total Amount of Remuneration and Benefits in 1 Year Number of Directors
Above Rp2 Billion 11
Above Rp1 Billion – Rp2 Billion 3
Above Rp500 Million – Rp1 Billion 1
Under Rp500 Million 1

315
Variable Remuneration CORPORATE SECRETARY
Variable remuneration at the Bank consists of

Incentives, Performance Bonuses, and MESOP/ Profile of the Corporate Secretary
ESOP. Such incentives are granted based on individual Eneng Yulie Andriani carries over the function as
performance of employees serving in sales, services, Corporate Secretary as of 10 January 2020 based
and collection. Incentives are paid monthly, quarterly, upon Circular Resolution of Board of Directors No. PS/
and annually. BOD/001/I/2020 dated 10 January 2020. In performing
its roles and responsible as Corporate Secretary, she
Performance bonuses are granted based on the reports her activity to Board of Directors.
performance of the Company, the performance of
the related units, individual performance. They are Starting her career in banking since 1997 as the staff
disbursed on the following year. Performance bonuses of Group Legal of PT Bank Danamon Indonesia Tbk.
are decided at the discretion of the management, and Up to 2014 with the last position as the Corporate
are provided in accordance with the performance and Action & Stakeholder Management Head of Corporate
financial condition of the Bank. Performance bonuses Secretariat Division. She then joined PT Bank
are provided annually to employees who do not receive Sumitomo Mitsui Indonesia (SMBCI) as Corporate Legal
incentives, the Directors and the Commissioners. Department Head. Following to the effective merger of
SMBCI and T Bank BTPN Tbk at 1 February 2019, she
MESOP/ESOP (Management and Employee Stock hold position as Corporate Secretariat Division Head of
Option Program/Employee Stock Option Program) are the Bank.
optional rights given to Directors and certain levels of
employees to purchase shares of the Bank at a certain Eneng Yulie Andriani achieved the degree of Bachelor
fixed price. The nominal value of MESOP/ESOP is of Law from the Faculty of Law University of Indonesia
based on individual performance. This policy is not in 1997, focusing in law sciences in Economy activity
only a reward on performance but also serves as an and in 2012 achieved master of law from Faculty of Law
incentive to improve individual performance/contribution University of Indonesia.
to the Bank’s future performance which hopefully helps
boost the bank’s share value and serves as a retention
measure.
Eneng Yulie Andriani

Domicile Jakarta
Age 46 years at the end of Fiscal Year 2020
Educational Background 1997 - Bachelor Degree from University of Indonesia majoring Law Sciences in Economy
Activities
2012 - Master Degree of Law from University of Indonesia
Basis of Appointment Circular Resolution of Board of Directors No. PS/BOD/001/I/2020 dated 10 January 2020
Concurrent Positions Head of Corporate Secretariat Division
Pengalaman Kerja • Corporate Action & Stakeholder Management Head of Corporate Secretariat Division at
PT Bank Danamon Indonesia Tbk (1997-2014)
• Head of Corporate Legal Department at PT Bank Sumitomo Mitsui Indonesia (2014-2019)
Affiliation No affiliate relationship with the Board of Directors,

Term of Office 8. Prepare and document the Minutes of the Meetings

The term of office for the position of Corporate of the Board of Directors.
Secretary began on 10 January 2020. 9. Assist the Board of Directors and the Board of
Commissioners in carrying out their respective
Legal Basis duties and responsibilities.
316 The position of Bank BTPN’s Corporate Secretary
refers to the Financial Services Authority Regulation No. Concurrent Positions and Organization Structure.
No.35/ POJK.04/2014 regarding the Establishment of The Function of Corporate Secretary is held by
a Corporate Secretary juncto Securities Listing of PT executive officer who lead Corporate Secretary Division,
Bursa Efek Indonesia Regulation No. 1-A Attachment under the supervision/coordination of Compliance
II of the Decision of the Board of Directors of PT Bursa Director, and is not concurrently assumed with any other
Efek Indonesia No. Kep-00001/BEI/01-2014 dated 30 position/title.
January 2014. The Bank has a Corporate Secretary,
namely Eneng Yulie Andriani as of 10 January 2020, In carrying out its roles and responsibility, Corporate
appointed based upon Circular Resolution of Board of Secretary coordinate and manage the functions of
Directors No. PS/BOD/001/I/2020 dated 10 January Corporate Governance Assurance, Corporate Action &
2020. Stakeholder Management, as well the Management of
Board of Commissioners and Board of Directors.
Duties and Responsibilities
Details of the duties and responsibilities of the Implementation of Duties and Responsibilities of the
Corporate Secretary of the Bank are as follows: Corporate Secretary
1. Maintain good relations with the Financial Services During the year 2020, the activities of Corporate
Authority, the Indonesian Stock Exchange, and other Secretary to be carried out by taking into account
stakeholders. the environment due to the pandemic of COVID-19
2. Responsible for providing important information outbreak.
on the Bank’s condition which the public and
stakeholders need to know. With the above limitations, Corporate Secretary has
3. Keep up with the capital market development, succeeded to complete and conduct roles or activities
including on regulations prevailing in the capital as follows:
market. 1. To organize and attend the meetings as well as
4. Perform tasks to fulfill the obligations of the to make minutes from the Meeting of the Board
Company as a public company based on the of Directors, Board of Commissioners, Joint
principles of Corporate Governance. Meeting of the Board of Directors and Board of
5. Provide the Directors and the Board of Commissioners and all Committees under the Board
Commissioners with advice on compliance with the of Commissioners except the Nomination and
provisions of Law Number 8 of 1995 concerning the Remuneration Committee.
Capital Market and its implementing regulations. 2. To hold the executive officers’s meetings (monthly
6. Responsible for the implementation of GMS. managers meeting).
7. Coordinate the implementation of the meetings
of the Board of Directors and the Board of
Commissioners.
3. To hold the annual general meeting of shareholders and extraordinary general meeting of shareholders of the
Bank.
4. To facilitate the trainings or seminars for members of the Board of Directors and Board of Commissioners.
5. To handle and fulfill the reauirements of fit & proper test for the prospective members of the Board of Directors
and Board of Commissioners.
6. To prepare and submit the reports required by the capital market and banking regulations.
7. To prepare and submit disclosure of information with the details as stipulated below.
8. To develop new policies and procedures as well as to conduct periodic reviews of policies and procedures related
to corporate governance including both individual and integrated Corporate Governance Manual, Charters, and
changes to the Bank’s Articles of Association.
9. To review from the side of the law on limited liability companies, capital market and the articles of association
towards the Bank’s plan as well as to prepare relevant approval from the Shresholders, Board of Commissioners
and Board of Directors, if necessary.
10. To strengthen the insights and provide briefings as well as to attend the trainings and related workshops both
organized by regulators and professional associations, with the details as stated below.
Disclosure of Information
As part of the responsibility and compliance as public listed company, the following is the submitted disclosure of information
during 2020:
Month Date Letter Number Description 317

January 17-Jan-20 S.002/CCS/I/2020 Payment of Bond Fees

January 30-Jan-20 S.006/CCS/I/2020 Affirmation of the End of BTPN MESOP Program 2015
February 26-Feb-20 S.012/CCS/II/2020 Payment of Bond Fees
March 16-Mar-20 S.018/CCS/III/2020 Payment of 11th MTN II Fees
March 24-Mar-20 S.022/CS/III/2020 FY 2019 performance
March 24-Mar-20 S.023/CS/III/2020 Submission of Advertisement Financial Statements Q4 2019
April 01-Apr-20 S.029/CCS/IV/2020 Submission of Advertisement Invitation of AGMS 2020
April 20-Apr-20 S.034/CCS/IV/2020 Payment of Bond Fees
April 24-Apr-20 S.037/CCS/IV/2020 Submission of Advertisement of AGMS 2020
April 24-Apr-20 S.036/CCS/IV/2020 AGMS 2020
May 14-May-20 S.043/CCS/V/2020 Annual Rating Result
May 15-May-20 S.045/CCS/V/2020 Amendments to the Articles of Association
May 15-May-20 S.046/CCS/V/2020 Changes to the composition of the BOC
May 18-May-20 S.048/CCS/V/2020 Affiliated Transaction Report
May 19-May-20 S.052/CCS/V/2020 Press Release regarding Performance Q1 2020
May 26-May-20 S.055/CCS/V/2020 Payment of 2nd Bond Interest of PUB IV Phase I 2019 series A and B
June 02-Jun-20 S.058/CCS/VI/2020 Changes to the composition of the BOD
June 15-Jun-20 S.062/CCS/VI/2020 Payment of 12th Principal and Interest of MTN II
June 15-Jun-20 S.063/CCS/VI/2020 End of Trustee Duties
Press Release namely: SMBC Group and UNICEF Provided Relief

July 03-Jul-20 S.070/CCS/VII/2020
for Indonesian Communities Impacted by COVID-19 Pandemic
July 20-Jul-20 S.073/CCS/VII/2020 Payment of 11th Bond Interest of PUB III Phase II 2017 series B
Press Release namely: Jenius Launched the Jenius QR Feature to

July 29-Jul-20 S.075/CCS/VII/2020
Support Non-Cash Payment
July 30-Jul-20 S.079/CCS/VII/2020 Press Release namely: PT Bank BTPN Tbk Q2 Performance Report
August 26-Aug-20 S.089/CCS/VIII/2020 Payment of 3rd Bond Interest of PUB IV Phase I 2019 series A and B
August 28-Aug-20 S.090/CCS/VIII/2020 Press Release regarding Public Expose 2020
August 28-Aug-20 S.091/CCS/VIII/2020 Press Release regarding Fourth Jenius Anniversary
Press Release namely: SMBC Group Donates IDR 1.3 billion to PDUI
September 14-Sep-20 S.095/CCS/IX/2020
to Combat COVID-19
Month Date Letter Number Description
Press Release namely: A Reliable Partner for Simpler, Smarter and

More Secure Business
Press Release namely: Jenius dan BNI TapCash Collaborate to Sup-

port NonCash Payment Movement in Indonesia
Press Release namely: Customer Education for Jenius Product user

October 01-Oct-20 S.108/CCS/X/2020
in order to maintain the security in online transaction
Press Release namely: BTPN Wow! Recognized by the Schwab

Foundation for Social Entrepreneurship
October 16-Oct-20 S.114/CCS/X/2020 Resignation of Kazuhisa Miyagawa
Payment of 12th Bond Principal and Interest of PUB III Phase II

2017 series B
October 19-Oct-20 S.116/CCS/X/2020 End of Trustee Duties
Oktober 27-Oct-20 S.121/CCS/X/2020 Submission of Advertisement Invitation of EGMS
Press Release namely: BTPN Books 6% Credit Growth at End of

September 2020
Press Release namely: Jenius Co.Creation Week 2020, Encourage

November 02-Nov-20 S.124/CCS/XI/2020
the Digital Savvy to Embrace the Changes
Press Release namely: Bank BTPN’s Extraordinary General Meeting

November 18-Nov-20 S.131/CCS/XI/2020 of Shareholders Gives Nod to Changes in Board of Directors, Board
of Commissioners
318 November 19-Nov-20 S.132/CCS/XI/2020 Annual Rating Result
November 20-Nov-20 S.134/CCS/XI/2020 Submission of Advertisement Summary Minutes of EGMS

November 24-Nov-20 S.135/CCS/XI/2020 Amendments to the Articles of Association
November 24-Nov-20 S.136/CCS/XI/2020 Composition of BOD BOC
November 30-Nov-20 S.137/CCS/XI/2020 Payment of 4th Bond Interest of PUB IV Phase I 2019 series A and B
Press Release namely: Jenius Pay, a Jenius Collaboration for Simple,

December 04-Dec-20 S.141/CCS/XII/2020
Smart and Safe Online Transaction
Training and Competency Development

In order to improve knowledge and competency as Corporate Secretary, the following is list of training to be participated
during 2020:
No Date Organizer Agenda
1 22 January 2020 ICSA Academy Quantum Leap Your Communication
2 27 January 2020 BTPN Strategic Direction Briefing 2020
3 5 February 2020 BTPN Diskusi Terkait COVID19
4 5 February 2020 BTPN Diskusi Terkait Retensi Dokumen
5 31 March 2020 Creco Consultant Group Analysis of Economic Condition Impact from COVID-19
6 8 April 2020 ICSA Academy Relaksasi Aturan OJK
7 15 April 2020 ICSA Webinar ICSA – E-Proxy
8 28 April 2020 KSEI Online Course – E-proxy
9 8 May 2020 Webinar HHP Transaksi Material
10 29 may 2020 BTPN (OperatioN Risk Management) Three line of defence model discussion
11 4 June 2020 Lembaga Penjamin Simpanan Dissemination of the Planned Depositor Confidence
Index Survey at Commercial Banks
12 9 June 2020 Creco Consultant Group Market Update
13 9 June 2020 BEI Webinar related to the Socialization of Rule Number I-B
concerning Registration of Debt Securities
14 11 June 2020 Asosiasi Emiten Indonesia Invitation to Halal Bi Halal and Webinar “Issuers
Welcomes a New Normal, Challenges and
Opportunities”
No Date Organizer Agenda
15 18 June 2020 BTPN (Legal & Litigasi) Awareness on the ABC Implementation
16 9 July 2020 ICSA Socialization of POJK No.17-POJK.04-2020 regarding

Material Transactions and Changes in Business
Activities
17 10 July 2020 OJK Socialization and RDP of POJK Transparency
18 16 July 2020 ICSA Best Practice POJK No.15/POJK.04/2020 tentang

Rencana dan Penyelenggaraan RUPS pada
Perusahaan Terbuka dan POJK No. 16/POJK.04/2020
tentang Pelaksanaan RUPS Perusahaan Terbuka
secara Eektronik
19 17 July 2020 AEI Invitation to AEI Webinar with the Minister of Industry
with the theme “Opportunities and Challenges of
Industry & the Business World in the New Normal
Period”
20 19 July 2020 ICSA Invitation to the ICSA Webinar with the theme RISK
MANAGEMENT for CORPORATE SECRETARY
21 4 August 2020 BEI dan Global Reporting Initiative Preparing Stekaholder Engagement & Suistanibility
22 11 August 2020 OJK-BEI Socialization of POJK 37-POJK.04-2020 and POJK

43-POJK.04-2020
23 11 August 2020 OJK-BEI Socialization of POJK 17-POJK.04-2020 and POJK

42-POJK.04-2020
24 14 Agustus 2020 ICSA Deepening of POJK 42/2020 concerning Affiliated 319

Transactions and Conflict of Interest Transactions
25 7 September 2020 BTPN (Compliance) Socialization of Handling Regulations Issued by

Regulators
26 1 September 2020 LSPP Executive Risk Management Certification Refresher
27 30 September 2020 BTPN (CorpCom) Workshop RAKB dan SR
28 16 October 2020 BTPN (CorpCom) “Sharing Session #2: Kisah Melawan COVID-19”
29 16 October 2020 Learning & Development Department, Asia [Webinar] Lead and Motivate Virtual Teams on 20 Oct
Sumitomo Mitsui Banking Corporation (For managers with direct reports)
30 19 October 2020 Learning & Development Department, Asia Rethinking Your Way To Success
Sumitomo Mitsui Banking Corporation
31 20 October 2020 Creco Consultant Group Economic Outlook Seminar
32 21 October 2020 AEI Invitation to the National Economy Webinar
33 22 October 2020 ICSA Challenges of Corporate Secretary in Facing the New

Normal
34 26 October 2020 Learning & Development Department, Asia [Webinar] Practicing Mindfulness
Sumitomo Mitsui Banking Corporation
35 11 November 2020 OJK Webinar Focus Group Discussion (FGD) Hearings

of RSEOJK Form and Contents of the EPP Annual
Confirmation Report
36 3 December 2020 OJK Sosialisasi POJK No. 45/POJK.03/2020 tentang

Konglomerasi Keuangan
37 10 December 2020 CRECO Consultant Group Leadership Series : COVID-19 Opportunities for
MSMEs and Digitization of Financial Services
38 10 December 2020 BEI-OJK Invitation to Attend the Webinar “The Basics of

Jurisprudence and the Selection Process of Sharia
Shares in Indonesia”
39 11 December 2020 BEI Invitation for Hearings in the context of Rule Making
Rules for the Concept of Exchange Rules
BPTN internal e-learning that was followed during 2020 For example, information technology development and
digitalization may be of potential compliance risk for the
Bank.
No Agenda
1 Anti Fraud Awareness As stated in the Corporate Governance Manual,

2 Entertainment & Gift compliance to OJK regulations, BI and prevailing laws,
is a commitment of BTPN. Likewise, commitment to
3 Ethic, Conduct, Customer Protection
compliance to provisions on Anti-Money Laundering
4 Information Security Awareness
and Prevention of Terrorist Funding (APU & PPT).
5 LINK & HELP Communication
6 Operational Risk Management Fulfilling compliance, the Bank comprehensively and

7 Statement Regarding Anti-Fraud & Integrity Pact and structurally take preventive measures in order to
Code of Ethics of PT Bank BTPN Tbk ensure that business processes around the Bank are
8 Refreshent APU PPT 2020 on track with regulator’s applicable provisions. Such
9 Refreshment Compliance 2020 governance, among others refers to the OJK Regulation
10 Refreshment Fraud Awareness
No. 46/POJK.03/2017 on the Implementation of
Compliance Function of Commercial Banks.
11 Sustainable Finance 2020
Organizational Structure
COMPLIANCE FUNCTION For the implementation of Compliance Function to
The Banking industry is an industry that obligated to effectively run, the Bank has a Director responsible for
320 apply highly regulated in compliance implementation Compliance Function of which its duties are assisted
if compared with other industries. The level of strict by the Compliance Work Unit further referred to as the
compliance correlates with public missions and independent “Compliance Division”, in line with OJK’s
responsibilities of public funds. regulation on Compliance Function Implementation.
Therefore, the Bank’s compliance risk management

becomes highly important, especially with the
increasing complexity of the Banks business activities.
Compliance &
Legal Director
Compliance Head
Compliance Reporting & Compliance Policy &

Compliance Advisory
Regulatory Relations Training
Legal Basis
In performing its compliance function, the Bank relies, as guidelines, on prevailing laws, OJK Regulation No. 46/
POJK.03/2017 on Compliance Function Implementation of Commercial Banks:
• Development in information technology, globalization, and integration of the financial markets will generate
increasing complexity of the Bank’s business activities that will cause great impact on the risk exposure faced by
the Bank, for that reason efforts to mitigate risks of the bank’s business activities are necessary, both preventive
(ex-ante) efforts as well as currative (ex-post) efforts;
• Preventive (ex-ante) efforts may be undertaken by complying with applicable banking principles in order to reduce
or minimized the risks of the bank’s business activities.
• In manifesting the objectives to achieve, and 4. Ensure that all policies, provisions, systems and
this require increasing role and responsibility of procedures, as well as the Bank’s business activities
compliance at each level of the organization as well are in line with the provisions setforth by the
as at the Bank’s Compliance Work Unit so that risk Financial Services Authority and prevailing laws and
potentials of the bank’s business activities may be regulations;
anticipated at an early stage. 5. Minimize the Bank’s Compliance Risks;
6. Take preventive actions so that policies and/or
Function, Duties and Responsibilities decisions taken by the Bank’s Board of Directors
Function, Duties and Responsibilities of the Compliance or the overseas branch offices’ management do
Department are formulated in line with the policies not deviate from the provisions setforth by the
issued by regulator, among others are as follows: Financial Services Authority and prevailing laws and
A. Compliance Function regulations;
The functions performed by the Bank refer to the
directives provided by regulator in accordance Duties & Responsibilities of the Compliance Unit:
with POJK No. 46/POJK.03/2017 on Compliance 1. Take steps to support the establishment of
Function Implementation of Commercial Banks, Compliance Culture throughout the Bank’s business
which include the following: activities at all levels of the organization;
1. Actualize the implementation of Compliance 2. Identify, measure, monitor and control Compliance
Culture at all levels of the Bank’s organization Risk by referring to OJK regulation on the
and business activities. Implementaion of Risk Management of Commercial
2. Manage Compliance Risk faced by the Bank. Banks;
3. Ensure that policies, provisions, systems, 3. Assess and evaluate the effectiveness,
321
and procedures, as well as business activities appropriateness and suitability of policies,
carried out by the Bank, are in accordance with provisions, systems as well as procedures existing

provisions set forth by the Financial Services at the Bank with provisions of the laws and
Authority, and the provisions of laws and regulations;
regulations. 4. Conduct reviews and/or recommend updates and
4. Ensure the Bank’s compliance to its own improvement of policies, provisions, systems as
commitments to the Financial Services Authority well as procedures existing at the Bank to align with
and/or other supervisory authorities. provisions of the Financial Services Authority and of
5. The consultative (advisory) function related to the laws and regulations;
the application of prevailing regulations through 5. Act on efforts to ensure that policies, provisions,
providing suggestions/responses to questions systems and procedures, as well as the Bank’s
from work units or branches, whether through business activities are in accordance with provisions
electronic media, discussions, telephones, or of the Financial Services Authoriy and of the laws
meetings. and regulations; and
6. Conduct other duties related to the Compliance
B. Duties and Responsibilities Function
Duties and responsibilities of the Compliance Function,
among others, refer to OJK Regulation No. 46/ Supervision of the Board of Directors and the Board
POJK.03/2017 on the Implementation of Compliance of Commissioners
Function of Commercial Banks. Based on such Referring to OJK Regulation No. 46/POJK.03/2017
provision, the duties and responsibilities of the Director on the Implementation of Compliance Function
of Compliance are as follows: of Commercial Banks, the Board of Directors is
1. Formulate the strategy to support the establishment obligated to take efforts to manifest and foster the
of the Bank Compliance Culture; implementation of Compliance Culture at all levels of
2. Recommend compliance policies or principles to be the Bank’s organization and business activities as well
established by the Board of Directors; as responsible for ensuring the execution of the Bank’s
3. Establish compliance systems and procedures to Compliance Function.
be used in formulating the Bank’s internal provisions
and guidelines;
Related to this matter, the Board of Directors always 4. Advisory function related to the implementation
conduct monitoring of the Compliance Function of prevailing regulations in every product and/
execution, among others through the following or activity issuance as well as policy; new ones,
mechanisms: those in development and annual reviews through
• Report of the implementation of duties and coordination meetings, electronic media and others.
responsibilities of the Compliance Unit to the 5. Self-assessment of compliance risks as part
Compliance Director (monthly). of drafting the Bank Risk Profile conducted in
• Report of the implementation of duties and every quarter within the Bank’s Compliance Risk
responsibilities of the Compliance Director to the management.
President Director with copies to the Board of 6. Preparation of the Compliance Self Assessment
Commissioners (quarterly) (CSA) used as tools to measure and ensure the
• Report of monitoring result on compliance risks to implementation of compliance by work units to OJK
the Board of Director (BOD) on BOD meeting and and BI regulations as well as to prevailing laws and
to the Board of Commissioners (BOC) on the BOD regulatios and regulations of SMBC as the majority
and BOC meeting forums as well as to the Audit shareholder and the Bank’s Controlling Shareholder
Committee (periodically). which is also a global SIB Bank.
The CSA also includes the Compliance Self
In addition, the Board of Directors has approved the Review of the work unit on the implementation of
Compliance Policies and Procedures as the basic compliance with OJK, BI, SMBC as well as the
infrastructure for the implementation of the Compliance prevailing laws and regulations.
Function governance to be applied as guidelines for the 7. Implementation of Compliance On-Site Review
322 implementation of the Bank’s Compliance Function. (Branch Review) conducted by AML Compliance
Champion at the Bank’s branch office to ensure
In compliance with POJK No. 46/POJK.03/2017 on the compliance to OJK, BI and SMBC regulations is
Implementation of Compliance Function of Commercial implemented at the branch office. At the same
Banks, the Board of Commissioners has conducted time as the implementation of Branch Review,
assessment of the compliance function implementation socialization of OJK and SMBC regulations in
at least 2 (two) times in a year (biannually). order to improve branch office employees of the
concerned regulations.
Focus in 2020 8. Monitoring of the Compliance Function
Throughout the year 2020, the Compliance Function implementation and governance of the subsidiaries,
has several focus that took the attention of the Bank in namely BTPN Syariah in line with OJK’s
executing its business activities. All of the focus have provisions related to the Integrated Governance
been executed during the fiscal year, including the Implementation For Financial Conglomerates,
following: including the shariah banking governance synergy.
1. Review all main policies and the Bank’s operational 9. Conduct training programs for all employees to
policies, including compliance policies as the strengthen Compliance Culture at all levels of the
basic infrastructure serving as guidelines for the Bank’s organization and business activities, held
implementation of the Bank’s Compliance Function. through e-learning.
2. Conduct compliance test against draft of policies, 10. Improvement of quality and competency of the
product program, corporate actions as well as human resources in the Compliance & Legal
transactions which are required to be approved Directorate in the effort to accomplish the Bank’s
by the Credit Committee in order to ensure compliance to provisions and prevailing laws and
appropriateness with prevailing regulations. regulations, among others through training and other
3. Socialization of new OJK and BI regulations to the programs.
Board of Directors, the Board of Commissioners,
related units and employees of branch offices
through email, meetings as well as the Bank’s other
internal media, including diseminating regulations to
related units in order to set follow-up actions of the
regulations. In addition, re-socialization of already
existing regulations, especially those with significant
impact on the Bank.
Compliance Implementation Strategy Aside from the above, socialization on OJK, BI
The Bank has established the strategy to generate and SMBC regulations is also carried out by AML
continuous compliance within the environment of the Compliance Champion at branch offices with the
Bank’s organization. Details of the strategy is explained objective to improve comprehension of the branch
below: office employees.
1. Socialization of new regulations from OJK and BI to
the Board of Directors, the Board of Commissioners, Compliance Initiatives in 2020
related units, and employees of branch offices, Throughout the year 2020, the Bank has actualized a
including re-socialization of existing regulations that number of initiatives related to compliance with details
have great impact on the Bank. described below:
2. Implementation of compliance test on draft of 1. Preparation of the Compliance Self Assessment
policies, program products, corporate actions as (CSA) to measure and ensure the implementation
well as transactions that require the approval of of compliance by work units with OJK and BI
the Credit Committee, including periodic review on regulations as well as with prevailing laws and
policies and program products. regulations and SMBC regulations.
3. The consultative (advisory) function related to 2. Implementation of Compliance Self Review to
the application of prevailing regulations through ensure their comprehension of Compliance Risks.
providing recommendations/ responses in every 3. Implementation of Compliance On-Site Review
product and/or activity issuance as well as policy; (Branch Review) by AML Compliance Champion
newly issued, in development and annually to ensure compliance to OJK, BI as well as SMBC
reviewed. regulations is implemented at the branch office.
4. Preparation of the Compliance Self Assessment 4. Conducting training to strengthen Compliance
323
(CSA), including continuous review and Culture at all levels of the organization and business
improvement of CSA working papers in line with the activities of the Bank for all employees which were

issuance of OJK and BI new regulations, as well as carried out through e-learning.
other laws and regulations.
5. Implementation of Compliance Self Review on the Strategic Plan for the Year 2021
implementation of provisions of the OJK, BI and For the coming year, the Bank has established several
SMBC as well as prevailing laws and regulations. strategic initiatives to be developed, including the
6. Implementation of Compliance On-Site Review following:
(Branch Review) by AML Compliance Champion 1. Conduct reviews of all of the Bank’s major and
to ensure compliance to OJK, BI and SMBC operational policies, including the policy on
regulations is implemented at the branch office. compliance as the basic infrastructure of the Bank’s
7. Ensure the implementation of the Compliance Compliance Function implementation in line with the
Function and governance at the subsidiary, namely issuance of OJK and BI new regulations as well as
BTPN Syariah has sufficiently conducted in line with of Sumitomo Mitsui Banking Corporation (SMBC) as
OJK provisions regarding the Integrated Governance the Bank’s majority and Controlling Shareholder.
Implementation For Financial Conglomerates, 2. Ensure that policies, programs, corporate actions as
including the shariah banking governance synergy. well as transactional decisions that require approval
of the Credit Committee are in line with prevailing
Socialization of Compliance provisions, laws and regulations through assessing
To support continuous implementation of compliance, compliance and the advisory function, including
the Bank unceasingly carry out socialization programs periodic reviews of policies and program products.
within the organization’s environment. Materials 3. Socialization of OJK and BI new regulations to the
delivered are especially concerned with new regulations Board of Directors, the Board of Commissioners
issued by OJK and BI to the Board of Directors, the and related units, including the dissemination of
Board of Commissioners and related units including new regulations to related units in order to establish
repeated dissemination of existing regulations, follow-up actions of the concerned new regulations.
especially those with significant impact on the Bank. In addition, re-socialization of existing regulation,
especially those with significant impact on the Bank.
Delivery of the information is done through email, face-
to-face interaction as well as the Bank’s other internal
media.
4. As part of the move to enhance Compliance Culture 12. Conduct training programs related to Refreshment
to employees, specifically employees in branch Compliance Awareness including Compliance
offices, socialization of OJK and BI as well as SMBC Declaration, anti-bribery and corruption as well as
regulations simultaneously with Branch Reviews Entertainment & Gift to all employees in order to
are carried out with the objective to improve the strengthen compliance culture at all levels of the
employees’ comprehension of the said regulations. Bank’s organization and business activities through
5. Preparation of the Compliance Self Assessment e-learning and the Bank’s other internal media. In
(CSA), used as a tool to measure and ensure that addition, training programs related to OJK and/or BI
compliance implementation in work units of OJK regulations with impact on the Bank’s products and
and BI provisions as well as prevailing laws and services are also carried out in related units.
regulations and risk consolidation with SMBC as 13. Improvement of the quality and competency
the majority shareholder as well as the controlling of the human resources of the Compliance &
shareholder of the Bank which is also a global SIB Legal Directorate in the effort to fulfill the Bank’s
Bank. compliance with the provisions as well as prevailing
6. Implementation of Compliance Self Review as one laws and regulations, such as through training and
of the steps to improve Compliance Culture of all refreshment programs.
employees on the impelementation of OJK and BI
provisions as well as provisions of prevailing laws
and regulations and SMBC, including a survey to INTERNAL FRAUD
be conducted on all employees to ensure their
comprehension of Compliance Risks. Basis of Internal Fraud Prevention
324 7. Implementation of Compliance On-Site Review Internal Fraud is fraud conducted by members of
(Branch Review) to ensure compliance to provisions the Board of Directors, the Board of Commissioners,
of the OJK, BI as well as SMBC to be conducted by permanent employees, temporary (honorary) employees
AML Compliance Champion at the Bank’s branch and/or outsourced workforce with a value of more
offices that will collaborete with the branch offices than Rp100 million. This is in line with Article 64 of
and related business units within the branch office. the Financial Services Authority Regulation No. 55/
8. Ensure the implementation of GCG, including anti- POJK/.03/2016 regarding Governance Implementation
bribery and corruption as well as conflict of interest of Commercial Banks and Chapter IX number 5 of the
in all of the Bank’s processes, among others, in the Financial Services Authority Circular Letter No. 13/
process of vendor appointment for the supply of SEOJK.03/2017 on Governance Implementation in
goods and services, entertainment for third party to Commercial Banks.
make sure it complies with the provisions of OJK,
specifically which relates to outsourcing as well as Implementation of Anti-Fraud Strategy
SMBC provisions. Bank BTPN is fully committed to continuously furnish
9. Conduct monitoring and control, such as and improve the implementation of the Bank’s internal
through self assessment by related units on the control thoroughly and sustainably with the aims to
implementation of the Bank’s internal provisions prevent, detect, investigate, report and evaluate fraud in
concerning Entertainment & Gift. line with the Anti-Fraud Strategic Policy of Bank BTPN.
10. Ensure the implementation of the Compliance
Function and governance at the subsidiary, namely Improvement of Bank BTPN’s implementation of Anti-
BTPN Syariah has sufficiently conducted in line with Fraud Strategy is conducted, among others, by means
OJK provisions regarding the Integrated Governance of the following:
Implementation For Financial Conglomerates, 1. Continuous alignment among the various business
including the shariah banking governance synergy. units and work units as well as consistent
11. Improvement of the compliance process, application of zero tolerance in the implementation
among others, through the strengthening of the of Anti-Fraud Strategy.
infrastructure supporting the Compliance Function 2. Continuous efforts to promote Anti-Fraud awareness
implementation in the form of a monitoring system and Whistleblowing Channel through in-class
on follow-ups of regulations of the OJK and/or BI, training, online training and e learning for permanent
fulfillment of monitoring results by the Regulator and permanent employee and new employees, and
others. also done through Anti-Fraud campaigns as well as
Whistleblowing Channel socialization through the
Bank’s internal media, e-news letters, emails blast,
and desktop wallpapers that contain information
regarding fraud and channels to report potential fraudulent activities. It is expected that the awareness about the
Bank’s anti-fraud culture will continue to increase.
3. Anti-Fraud Declaration through e-learning as a commitment and awareness-building to avoid action of fraud, to
always obey applicable rules, and to be disciplined when carrying out the different stages of the work processes
in order to prevent Bank BTPN’s loss.
Implementation at the Bank

Explanation related to the occurrences in the past two years is presented in the table below.
INTERNAL FRAUD AT THE BANK

Number of cases involving the following:
Internal Fraud in 1 year Management Permanent Employees Non-Permanent Employees
2020 2019 2020 2019 2020 2019
Resolved - 1 2 -
Bank internal process - - - -
Not finalized - - - -
Followed-up through legal - 3 2 -

process
Total Fraud - 4 4 -
325
Anti-Money Laundering and Prevention of Terrorist Socialization is not just for employees at the head
Funding (AML & CFT) office, but also at the branch offices. The policy is

The Bank has implemented the policy related to efforts applied to improve comprehension of the employees
to prevent the occurrence of money laundering and at the branch offices on the regulations of OJK, BI and
terrorist funding. The policy refers to OJK Regulation SMBC, conducted by AML Compliance Champion at
No. 23/POJK.01/2019 on the Amendement of OJK the branch offices.
Regulation No. 12/POJK.01/2017 on the Implementation
of Anti-Money Laundering and Combating of Terrorist Implementation of Activities in 2020
Funding Program in the Financial Services Sector. Implementation of compliance on such regulations
actualized by the Bank throughout the year 2020,
Socialization among others include the following:
In the effort to enhance compliance implementation,
specifically in the field of AML & CFT, the Bank 1. Implementation of “AML Action Plan”, set to follow-
continuously exert socialization activities to all organs of up on the difference found in the implementation of
the Bank’s surrounding. Such socialization is especially the AML & CFT Policy prior to the business merger
carried out in correlation with the new regulations of with the Policy that prevails in subsidiaries of the
OJK and BI to the Board of Directors, the Board of SMBC group, as well as to improve the application
Commissioners and related units. of APU & PPT at the Bank. In the year 2020, a
number of activities related to “AML Action Plan”
Socialization is actualized through email, face-to-face conducted include the following:
method as well as through the Bank’s other internal • Process the selection of employees to be
media, including the dissemination of new regulations appointed as “AML Compliance Champion”
to related units in order to establish follow-up actions and assigned at the regional office to monitor
on the new regulations. In addition, re-socialization the implementation of AML & CFT provision
activities are also carried out for existing/on-going in the regional branch. At this time the Bank
regulations, especially the ones with significant impact has appointed “AML Compliance Champion”
on the Bank. for the Central Java, East Java, Sumatera 1,
Jakarta and East Indonesia regions as well as
to administer the selection process for Regional
Sumatera 2.
• Process the facilitation training for “AML • Complete the UAT process related to result
Compliance Champion” for Regional Central of review parameter and threshold in order
Java, East Java, Sumatera 1, Jakarta and East to improve the “reliability” of the customer
Indonesia. transaction monitoring system in detecting
• Update the SOP for Jenius and BTPN Wow! to suspicious financial transactions;
add monitoring procedures on agents. • Process data mapping and system development
• Conduct periodic refreshment training for Jenius for the purpose of AML & CFT automation
and Wow! agents. process, related to the new reporting system of
• Collect data from related departments to fulfill Go-AML, to minimize error caused by human
the need to disseminate the 2020 Bank Wide error.
Risk Assessment. 7. Improve compliance culture on the Bank’s internal
• Conduct KYC Self Review by a new sampling provisions and policies related to AML & CFT
methodology as adjusted to the post-merger program implementation, among others through the
conditions. following:
• Implement the change in the rules for periodic • Continue with the completion of the plans set
review/customer data update cycle. in “AML Action Plan” to follow-up on the gaps
• Implement training and JASF Screening related found in the implementation of the APU & PPT
application. Policy prior to the business merger with the AML
• Establish procedures for update and watch-list & CFT Policy prevailing in subsidiaries of SMBC
maintenance. group; as well as to improve the implementation
2. Evaluation on the implementation of the AML & CFT of AML & CFT at the Bank;
326 policy with risk development faced by the Bank • Continuous evaluation on the implementation
has been done through the implementation of the of the AML & CFT Policy and development of
AML & CFT Risk Review in order to mitigate AML & AML & CFT risks they are faced with, through
CFT risks on new Products/Services as well as on applying periodical AML & CFT risk review, as
existing ones in the Bank; well as risk reviews that can mitigate AML & CFT
3. Adjustment in the AML & CFT provisions with the risks on products/services of the Bank;
regulator’s new regulations including by means • Continue with improvement of the existing AML
of accommodating the new policy from the & CFT Program especially for the following:
shareholders applicable to subsidiaries of SMBC; - Adjust to the development of AML & CFT
4. Conduct AML & CFT training programs for new and provisions;
existing employees, as well as providing training - Adjust to AML & CFTrisks related to the
with AML & CFT materials and AML & CFT related development of products/services of the
thematics for the Branch offices and employees Bank, and cases/issues related to AML &
responsible for implementing the AML & CFT CFT that occurred at the Bank;
program; - Accommodate applicable shareholders’
5. Conduct training programs by inviting guest policy for subsidiaries of SMBC;
speakers to begin reviews related to AML Trade - Ensure training programs are held for
Base Screening Process; employees responsible for implementing
6. Implement optimization of system function AML & CFT program;
supporting AML & CFT, including the following: - Refine risk assessment methodology;
• Conduct the process of User Acceptance Test - Improve the quality of KYC related to digital
(UAT) front channel and integration testing for banking customer acceptance process and
the integration of AML system with the front-end customers’ data update process (Jenius and
application to support the customer screening WOW!) as the main focus.
process and determine the customer risk profile; • Continue optimizing the system function
• Develop the system related to data update supporting AML & CFT, especially with the
watch list/sanction list so that data update following:
processing may be carried out at the soonest - Finalize the AML system integration process
possible; with front-end application to support
customer screening and customer risk profile
processes, by taking into account the core
banking integration;
- Complete the system development process PROVISION OF FUNDS FOR SOCIAL AND
related to data update watch list/sanction list POLITICAL ACTIVITIES
to ensure data update process to be carried Bank BTPN is not involved in political activities and
out at the soonest possible; does not extend donations for political interests. On the
- Conduct evaluation related to the parameter other hand, through acts of social responsibility, BTPN
and threshold of customers’ transactions continue to maintain its business performance.
monitoring system as to detect suspicious
financial transactions In this respect, Bank BTPN places its social
- Stabilization of the customers’ transaction responsibility programs as a significant and integral
monitoring system; part of the Bank’s business activities. A more detailed
explanation on this matter is presented in the section
Finalize the automation process related to AML & “Corporate Social Responsibility” in the Annual Report
CFT, related to the new Go-AML reporting system, to and Sustainability Report.
minimize error caused by human error.
TRANSPARENCY OF THE BANK’S
DISCLOSURE OF TRANSACTIONS FINANCIAL AND NON-FINANCIAL
CONTAINING CONFLICT OF INTERESTS CONDITIONS
Explanation on this matter is presented in the MDNA Referring to OJK Regulation No. 55/POJK.03/2016
Financial Review contained in this Annual Report. on the Governance Implementation for Commercial
Banks, Bank BTPN has fulfilled the obligation related
DISCLOSURE OF AFFILIATED to financial and non-financial transparency, disclosed
TRANSACTIONS through various media channels, from the Bank’s 327
Explanation on this matter is presented in the MDNA website to direct communication with regulator and
Financial Review contained in this Annual Report. other interested parties.

In addition, transparency was also done through publication in national media. Below are some of the details of the
Bank’s transparency on financial and non-financial issues:
Subject of Transparency Publication
Monthly Financial Report to regulator Website
Quarterly Financial Report to regulator Print media and website
Annual Report to regulator, rating institution, shareholders, and other related parties Website
Governance Information Website
Information on the Bank’s Products and Services as well as office network Website
Announcement of GMS Print media and website
Other information related to disclosure of information Website and other information channel
BUYBACK OF SHARES OR SUBORDINATED BONDS

Share and bond buyback is an effort to reduce the number of issued shares or bonds by means of buying back the
related shares and bonds through the mechanism as regulated by prevailing provisions.
During the year 2020, Bank BTPN did not conduct any share and bond buybacks.
PROVISION OF FUNDS TO RELATED PARTIES AND WITH LARGE EXPOSURE

Bank BTPN consistently takes into account the capital capacity/portfolio diversification in providing loans. During the
year 2020, there were no violations related to large exposures considered beyond ordinary or that exceed the Legal
Lending Limit (Batas Maksimum Pemberian Kredit/BMPK).
Funds provided to Related Parties are carried out in accordance with prevailing provisions and must receive the
approval of the Board of Commissioners. Below is list of Funds Provided to Related Parties and Large Exposures as
of 31 December 2020.
REALIZATION OF PROVISION OF FUNDS TO THIRD PARTIES AND SUBSTANTIAL EXPOSURE

Total
Provisions of Funds Amount
1. To Related Parties 13 2,184,151
2. To Main Debtor 25 57,610,350,49
a. Individual 2 6,383,442,37
b. Group 23 51,226,908,12
EXTERNAL AUDIT
In preparing the audited financial reports for the year 2020, BTPN appointed the Public Accountant and Public
Accounting Office (KAP) registered at Bank Indonesia and Bapepam-LK, namely KAP Siddharta Widjaja & Rekan. The
appointment of the Public Accountant and KAP was approved by the Annual GMS on 23 April 2020 based on the
recommendation of the Audit Committee through the Board of Commissioners.
KAP Siddharta Widjaja & Rekan was appointed as the external auditor since fiscal year 2019. Total amount of fee for
328 the audited Consolidated Financial Statements of fiscal year 2020 was set at Rp8,5 billion before tax PPN 10%.
The Public Accountant and KAP has completed their task independently in accordance with the professional standard
guidelines of public accountants as well as with the audit task and scope of work requirements as stipulated.
Following is list of KAPs that have audited BTPN’s Financial Statements in the past 5 (five) years:
PUBLIC ACCOUNTING OFFICE THAT AUDIT BANK BTPN FINANCIAL STATEMENTS
Services
Audited Fiscal Year Public Accounting Office Accountant in Charge Fees (Rp Million)
Rendered
2020 KAP Siddharta Widjaja & Rekan Liana Lim S.E., CPA Audit of Financial 8,500
Statements
2019 KAP Siddharta Widjaja & Rekan Liana Lim S.E., CPA Audit of Financial 7,300
Statements
2018 Tanudiredja, Wibisana, Rintis & Jinny Pangestu Audit of Financial 5,755
Rekan Statements
2017 Tanudiredja, Wibisana, Rintis & Angelique Dewi Daryanto, Audit of Financial 5,555
Rekan S.E., CPA Statements
2016 Tanudiredja, Wibisana, Rintis & Angelique Dewi Daryanto, Audit of Financial 5,050
Rekan S.E., CPA Statements
Other Services Provided

During the audit period, the appointed KAP did not provide other services than financial audit services.
INTERNAL AUDIT UNIT
The Internal Audit carries the vision to become management strategic partner to support the Bank’s growth in order to
reach the organization set goals. In performing its duties, the Internal Audit has two functions.
The first is the assurance function. Related to this function, the Internal Audit evaluates the governance process,
risk management and the effectiveness of internal control on all aspects of the Bank’s activities through risk-based
approach.
The second, consultative function, is through which the Internal Audit provides input on internal control to other
directorates, such as providing recommendations or suggestions for improvement in various audits conducted, input
on policy and procedure drafts, input on Bank’s key initiatives and other matters.
Profile of Head of Internal Audit
Nurhajati Soerjo Hadi

Domicile Jakarta
Age 52 years as of the end of fiscal year 2020
Educational Background Bachelor of Arts in Business Administration from Oregon State University, Corvallis – Oregon,
USA (1991) 329
Basis of Appointment Appointed as President Director upon approval of the Board of Commissioners since 1 January
2017, through Decision Letter No. PS/BOC/009/XII/2016 regarding the Approval of the Board

of Commissioners related to the Replacement of the Internal Audit Head of PT Bank Tabungan
Pensiunan Nasional Tbk.
Concurrent Positions Head of Internal Audit
Work Experience • Fraud Management Unit Head, PT Bank BTPN Tbk (2015-2016)
• Quality Assurance and Corporate Client Execution Head, PT ANZ Bank Indonesia (2015)
• Business Development Director (Business Manager) to International Banking, The Royal Bank
of Scotland N.V., Jakarta Branch (2009–2013)
• Business Development Director (Business Manager) to Executive Country, ABN AMRO Bank
N.V. / The Royal Bank of Scotland N.V., Jakarta Branch (2008–2013)
• Director, PT RBS Finance Indonesia (2008–2012)
• Credit Portfolio Management Head, ABN AMRO Bank N.V., Jakarta Branch (2005–2008)
• Deputy Head Financial Restructuring & Recovery (FRR), ABN AMRO Bank N.V., Jakarta Branch
(2003–2005)
• Financial Restructuring & Recovery Officer, ABN AMRO Bank N.V., Jakarta Branch (1999–2005)
• Relationship Manager for Corporate Banking, ABN AMRO Bank N.V., Jakarta Branch (1996-
1998)
• Corporate Credit Account Officer di PT IBJ Indonesia Bank, Jakarta (1991–1995)
Affiliation No affiliate relationship with the Board of Directors,
Appointment and Dismissal

The Head of Internal Audit is appointed and dismissed by the President Director with the approval of the Board of
Commissioners. The appointment and dismissal of the Head of Internal Audit is reported to the Financial Services
Authority (OJK).
Organization and Position of the Internal Audit within the Company’s Structure.
The Internal Audit is an independent directorate directly responsible to the President Director and functionally to the
Board of Commissioners through the Audit Committee. The Directorate has 6 (six) divisions.
Following is the organizational structure effective since 1 May 2020:
President Audit
Director Committee
Head of
Internal Audit
IT, Digital Audit

Wholesale & Retail Lending Funding &
Banking & Operations Methodology,
Commercial & Business Corporate
Analytics Audit QA &
Banking Audit Banking Audit Functions Audit
Audit Development
330
• Wholesale and Commercial Banking Audit Division • Audit Methodology, Quality Assurance and
Responsible for audits of all business activities of Development Division
Wholesale and Commercial, including Treasury Responsible for Annual Audit Plan preparation, audit
activity as well as Cash Management and Trade methodology development, review on the conformity
Finance service of Internal Audit activities with prevailing standards,
• IT, Digital Banking and Data Analytics Audit Division as well as improve the competency of Internal Audit
Responsible for audits of Information Technology staffs through mapping of effective training.
and Digital Banking directorate (Jenius and BTPN
Wow!), as well as support other audit divisions Duties and Responsibilities
regarding audits of other directorates which utilize The Internal Audit reports each result of audit
technology. Data Analytics is responsible for implementation, including recommendations for
continuous audit/off-site monitoring and support improvement to the President Director, Audit Committee
other audit assignments through data provision and the Board of Commissioners with copies to
• Operations Audit Division the Director of Compliance and Risk Management.
Responsible for audits of Operations directorate Periodically, the Internal Audit presents it audit result to
both in Head Office or branch offices the Board of Directors and Audit Committee, as well as
• Retail Lending and Business Banking Audit Division provide summary of the audit results to the President
Responsible for audits of credit activities in Retail Director, Board of Directors and the Audit Committee.
Lending business, Micro Business Partner (MUR),
Small Medium Enterprises (SME) and Consumer Each year, the Internal Audit establishes its Annual
Finance Business Audit Plans based on risks of the Bank’s related main
• Funding and Corporate Functions Audit Division activities. Audit Plans are discussed also with the
Responsible for audits of Retail Funding directorates related Director and SMBC Internal Audit Department in
as well as support directorates to the Head Office, relation with audit collaboration plan so that in line with
such as Finance, Compliance, Risk Management, the direction of the overall business development and
Human Capital, and others obtain the approval of the President Director, the Audit
Committee and the Board of Commissioners.
Details of the duties and responsibilities of the Internal Internal Audit Charter
Audit are as follows: Duties, responsibilities, and authority of the Internal
1. Prepare the annual audit plan and obtain approval Audit in conducting audits as well as the code of ethics
from the President Director, the Audit Committee, of each of the employee are stipulated in the Internal
and the Board of Commissioners. Audit Charter approved by the Audit Committee and the
2. Communicate to President Director and Audit Board of Commissioners. On periodic basis, the Internal
Committee for any potential resource limitation that Audit has reviewed and aligned its charter, policies and
could affect the Annual Audit Plan. procedure with the prevailing regulation and standard.
3. Review and update the Annual Audit Plan if there is
significant changes in business, risk, operational, Implementation of Internal Audit activities and Charter
program, system, and internal control. This changes refer to Financial Service Authority Regulation No. 1/
should be re-approved by the President Director, POJK.03/2019 regarding the Implementation of the
Audit Committee, and Board of Commissioners. Internal Audit Function in Commercial Banks, the
4. Implement the approved annual audit plan by International Practices Professional Framework (IPPF),
analyzing and evaluating the effectiveness of the the Internal Audit Charter and the Annual Audit Plan.
Bank’s Governance, Risk Management, and Internal
Control (GRC) to support the Bank’s goals and Basis of Implementation of Internal Audit
objectives. has the standard and methodology to conduct
5. Conduct consultative audit/ review of the Bank’s internal audit, as denoted in the 2020 Internal Audit
new initiatives/products whenever required by the Policy. In general, the Internal Audit policy covers the
management or the Regulator. general policy, examination policy, documentation
6. Identify all possible alternatives to improve and and administration policy, as well as resources policy.
331
increase the efficiency of resource utilization. The policy refers to prevailing laws and regulations as
7. Deliver regular audit reports containing the well as best practices of the industry, among others

summary of audit results to the President Director including the following:
and the Board of Commissioners through the • Financial Services Authority Regulation No. 1/
Audit Committee, with copies to the Director of POJK.03/2019 on the Implementation of Internal
Compliance and the Director of Risk Management. Audit Function in Commercial Banks.
8. Monitor and report the progress of the follow up of • Financial Services Authority Regulation No. 18/
audit result. POJK.03/2014 on the Implementation of the
9. Ensuring that the Internal Audit function at the Bank Integrated Governance of Financial Conglomerates.
and its subsidiaries runs effectively. • Financial Services Authority Regulation No. 13/
10. Cooperating with external audits to achieve POJK.03/2020 on the Amendment of Financial
comprehensive audit results. Services Authority Regulation No. 38/POJK.03/2016
11. Formulated and reviewed the Internal Audit Charter, regarding the Implementation of Risk Management
Internal Audit policies and procedures periodically in the Use of Information Technology in Commercial
Banks.
• International Standards for the Professional Practice
of Internal Auditing (IPPF)
HUMAN RESOURCES
The Internal Audit continually strengthens its team’s capabilities by conducting employee training, both in soft skills
and technical skills, as well as certification for risk management, audit, IT, sharing sessions and other aspects. During
the year 2020, Internal Audit also performed recruitment process to reinforce the audit team with employees who are
experienced in their fields, and prioritize on candidates with knowledge in information technology.
Internal Audit is also committed to continuously take efforts to improve quality through comprehensive audits with
competent human resources. Such activities are carried out with audit professional standards that provide added
values to the Bank.
By the end of fiscal year 2020, the number of Internal Audit human resources totaled 56 employees.
DETAILS OF DISTRIBUTION OF MANPOWER
Directorate/Division Number of Employee
Head of Internal Audit 1
Wholesale and Commercial Banking Audit Division 4
IT, Digital Banking and Data Analytics Audit Division 14
Operations Audit Division 11
Retail Lending and Business Banking Audit Division 10

332
Funding and Corporate Functions Audit Division 11
Audit Methodology, QA and Development Division 5

Total 56
HUMAN RESOURCES STANDARD QUALIFICATION IN INTERNAL AUDIT
Position Minimum Qualification
Head of Internal Audit Sertifikasi Manajemen Risiko (SMR) Level 4, Professional Certification related to Internal
Audit
Audit Division Head Sertifikasi Manajemen Risiko (SMR) Level 3, Professional Certification related to Internal
Audit
Audit Lead Sertifikasi Manajemen Risiko (SMR) Level 2
Senior Auditor/Auditor Sertifikasi Manajemen Risiko (SMR) Level 1
PROFESSIONAL CERTIFICATION
Professional Certification Number of Employee with Certificates
CIA (Certified Internal Auditor) 1
CISA (Certified Information Systems Auditor) 2
CCNA (Cisco Certified Network Associate) 1
CEH (Certified Ethical Hacker) 1
CISM (Certified Information Security Manager) 1
CSX (Cyber Security Nexus) 1
CBAP (Certified Business Analyst Professional) 1
CPLHI (Certified Professional Life & Health Insurance) 1
QIA (Qualified Internal Auditor) 5
CBIA (Certified Bank Internal Audit) 31
SMR (Sertifikasi Manajemen Risiko) 56

PARTICIPATION IN PROFESSIONAL ASSOCIATIONS
Professional Association Number of Employee Involved
IIA (Institute of Internal Auditors) 6
ISACA (Information Systems Audit and Control Association) 2
IAIB (Ikatan Auditor Intern Bank) 6
Implementation of Activities in 2020 control, to President Director, Board of Directors and

Up to December 2020, Internal Audit has conducted Audit Committee. In addition, Internal Audit holds a
audits that include business segment and branch meeting with OJK once a year in accordance with POJK
network such as Corporate Banking, Business Banking, 1/POJK.03/2019. Regarding to the implementation of
Retail Banking, Digital and Branchless Banking, as well integrated governance in Financial Conglomeration,
as support functions, including Operations, Compliance, Internal Audit periodically conducts communication
Legal & Litigation, Treasury and Information Technology. between Head of Internal Audit BTPN and Head of
In July 2020, Internal Audit has performed the revision Internal Audit BTPN Syariah, performing audit to BTPN
of predetermined 2020 Annual Audit Plan. The revision Syariah, as well as held annual meeting between Head
was performed after considering the condition and of Internal Audit BTPN, Head of Internal Audit BTPN
impacts of prolonging COVID-19 pandemic such as Syariah and Board of Commissioners BTPN Syariah.
changes in business strategy, potential vulnerability in
particular processes or activities, as well as limitation Strategic Plan in 2021
in business travel. Revision has been approved by To strengthen Internal Audit team in implementing the
333
the President Director, Audit Committee and Board of Audit Plan and developing employee competencies, and
Commissioners. in line with growth and several Banks’ main initiatives, a

number of things have been planned or implemented in
The types of audits that have been conducted are the various areas:
mandatory audit (2), line of business (4), thematic audits 1. Audit knowledge & soft skills
(9), work units (9), full branch audits (1), and continuous • Continue to provide sessions to understand
monitoring (1) with 100% completion rate of approved Bank processes/activities through training,
revised Annual Audit Plan. internal and external certification programs,
sharing of business strategies and priorities
Business units and related work units have performed/ developments, and updating audit
have follow-up plans to fix existing weaknesses/issues methodologies.
found that monitored regularly by Internal Audit. • Continue to provide training related to soft skills
that support field audit implementation such as
Internal Audit also has performed consultative audit (15) communication skills and others.
on the pre and post implementation of digital banking 2. Increase the effectiveness of audit process
services Jenius and BTPN Wow!, as well as continuous The Internal Audit has applied Audit Management
monitoring (7) on the transaction analysis of employees System (AMS) to support Internal Audit team to
and customers accounts especially in Retail Banking become more effective in preparing, conducting
segment. and completing the audit, as well as monitoring on
the follow up action of audit finding. Going forward,
Internal Audit provides regular update on the audit Internal Audit will develop monitoring system of
plan implementation, audit result, and business/ action plan regarding external and regulator audit
working units follow up action related to Internal Audit result.
findings/recommendations to Board of Directors (every 3. Continuous audit
2 months) and Audit Committee (every quarter). To Going forward, Internal Audit will constantly develop
provide an overall overview of the audit result of a continuous audit to help the Bank implement
certain period (semester/annual), Internal Audit gives an continuous monitoring that not only focus on a
overview report on potential improvement opportunities particular line of business, but also for the whole
to strengthen business and support functions internal Bank.
4. Increase data analytics quality INTERNAL CONTROL SYSTEM

The Internal Audit team has applied Audit Command The Bank applies its internal control system as a form
Language (ACL) software as data analytics tools and of continuous supervision by the Bank’s management.
made Internal Audit Dashboard to generate several The system is aimed at ensuring all Bank activities are
informations such as performance of each line of conducted in accordance with prevailing provision, laws
business, data anomalies, macro risk assessment and regulation, issued by the government, the Financial
and other information that can be updated Services Authority as well as the Bank’s internal policies
regularly. This is aimed to help Internal Audit team and procedures.
in performing data analysis that could improve risk
based audit approach and also provide value added In addition, with available financial information
input to the Bank. as well as a complete, accurate, appropriate and
5. Continuous improvement of Internal Audit quality timely management, the system supports accurate
Internal Audit will continuously improve the and accountable decision-making; it increases the
cooperation with leading institution in Banking and effectiveness and efficiency of asset and other resource
Internal Auditing that can provide insights, advice utilization in the effort to protect the Bank from risk of
and tools to leverage the quality of Internal Audit. loss; it improves the effectiveness of risk culture and
discipline in the Bank’s overall organization to help
Internal Audit will perform the reassessment on identify weaknesses and detect early deviations. In the
the conformity of Internal Audit activities with the end, it is used to review the continuous appropriateness
prevailing standards in 2022 by remains appointing of the Bank’s policies and procedures.
an independent, competent and experienced public
334 accountant.
An effective internal control system becomes the
Training and Competency Development basis of a trusted financial report, as well as the
The Internal Audit Department takes efforts to conduct implementation of sound and safe operational activities.
development programs to continuously improve the Implementation of a reliable and effective internal
competency and upgrade the knowledge and skills control system is the responsibility of all parties involved
of the human resources in order to maintain the in Bank’s organization, including the following:
professionalism quality and follow through up-to- 1. Board of Commissioners
date developments. Development programs are held 2. Audit Committee
internally and externally, including the following: 3. Board of Directors
• Training/Seminar 4. Compliance Work Unit
• Observation 5. Risk Management Work Unit
• Duty Rotation 6. Finance Work Unit
• Sharing/Presentation 7. Internal Audit Work Unit (SKAI)
8. Officers and Employees of the Bank
In addition, each individual in the Internal Audit 9. External Party
organization also has the opportunity to develop
individual professional career. The policy on
such career development takes consideration the
competency of each individual, both technical as well as
non-technical, such as in leadership or other softskills.
REALIZATION OF COMPETENCY DEVELOPMENT

Number of Period of Training
Participant Implementation
56 Mandatory E-learning January – December 2020 Internal
41 Banking Knowledge January – December 2020 Internal & External
35 Online Class (soft skills & January – December 2020 Internal & External
technical skills)
In addition, the Board of Directors and the Board of 3. Control Activities and Segregation of Duties
Commissioners are also responsible for enhancing the Control activities must involve all Bank employees,
effectiveness of risk culture and discipline in the Bank’s including the Board of Directors and the Board of
organization and ensure that this is present at all levels Commissioners. Control activities can be effective if
of the organization. they are planned and implemented appropriately in
controlling identified risks. Control activities include
Internal control system applied by the Bank refers to the establishment of control policies and procedures
OJK Circular Letter (SEOJK) No. 35/SEOJK.03/2017 and an early verification process to ensure
on Internal Control System Standard Guidelines for consistent compliance with the Bank’s policies
Commercial Banks. and procedures. These activities are inseparable
from each function or activity of the Bank. Control
Compliance with COSO (Internal Control activities are applied at all functional levels of the
Framework) Bank in accordance with the Bank’s organizational
The Bank’s internal control system consists of 5 (five) structure.
main components that are interrelated, namely as
follows: The segregation of functions is established to ensure
1. Management Oversight and Control Culture that every person at all levels of the organization
Management’s supervision is the main foundation of does not have the opportunity to make and/or
the internal control system. The Board of Directors hide mistakes or irregularities in carrying out their
and the Board of Commissioners are actively roles and responsibilities. The Bank must comply
responsible to ensure that set strategies, policies with the principle of the segregation of functions,
and procedures, as well as the organizational known as the “Four-Eyes Principle.” An effective
335
structure, are adequate to identify, measure, internal control system requires segregation of
monitor, and control the risks faced by the Bank. functions, and avoids the granting of authority and

Aside from that, the Board of Directors and the responsibilities that may lead to various conflicts of
Board of Commissioners also periodically monitor interest. All aspects that have a potential to cause
and review the adequacy and effectiveness of the a conflict of interests must be identified, managed,
Bank’s internal control system implementation. and monitored by such independent party as a
public accountant.
The Board of Directors and the Board of 4. Accountancy, Information and Communication
Commissioners are responsible for improving An adequate accounting, information and
the work ethics and high integrity of the Bank’s communication system aims to identify any
employees, as well as creating an organizational problems that may arise and can be used as a
culture that emphasizes on the importance of the means of exchanging information in the context
Bank’s internal control. of carrying out roles according to the respective
2. Risk Recognition and Assessment responsibilities.
Risk identification and assessment are a set of 5. Monitoring Activities and Correcting Deficiencies
actions of the Board of Directors in identifying, The Bank must unceasingly monitor the overall
analyzing, and assessing the risks faced by the effectiveness of internal control implementation.
Bank in the effort to achieve the set targets. Risks Prioritize on the monitoring of key risks that it
which affect target achievements must be identified, becomes a part of the Bank’s activities, including
assessed, monitored, and managed continuously periodic evaluations. The Bank must continuously
and sustainably. Internal control requires immediate monitor and evaluate the adequacy of the internal
review should there be risks that are not under control system in relation to changes in the internal
control. and external conditions, as well as to increase the
capacity of the internal control system so that it is
The review is carried out through continuous always effectively implemented.
evaluation of the effects of any changes in the
environment and conditions, as well as the impact Weaknesses in internal control must be reported
of the target achievement or effectiveness of internal immediately, and become the responsibility of
control on the Bank’s activities and organization. the authorized officials and/or Directors. Material
weaknesses in internal control must be reported to
the Board of Commissioners.
The five main components of the Bank’s internal With this guidelines, the Bank improves evaluation of
control system are in line with the control components audit results which covers: evaluation of the adequacy
stipulated in the Internal Control Integrated Framework and effectiveness of the design and implementation of
developed by The Committee of Sponsoring internal control based on internal control framework
Organizations of The Treadway Commission (COSO), approach.
namely Control Environment (CE); Risk Assessment
(RA); Control Activities (CA); Information and LITIGATION FACED BY THE COMPANY,
Communication (IC); and Monitoring Activities (MA). SUBSIDIARIES, MEMBERS OF THE BOARD
OF COMMISSIONERS AND MEMBERS OF
Review on the Implementation of the Internal THE BOARD OF DIRECTORS
Control System During 2020, there is no litigation faced by the
The Bank has the periodical review mechanism of the Company, Subsidiaries, members Of The Board
internal control system implementation. Such activity is Of Commissioners and members Of The Board Of
performed by the Internal Audit who conducts analysis Directors
and assessment in the financial area, accounting,
operational and other activities through direct and ADMINISTRATIVE SANCTIONS
indirect examination. • BTPN : Rp 108,167,246,-
• BTPNS : Rp 38,650,000,-
Together with the Audit Committee, the Internal Audit • BOC & BOD : none
proactively work together and communicate with the
External Auditor to generate comprehensive analysis ACCESS TO CORPORATE INFORMATION
336 and assessment in the financial and accounting fields. AND DATA
In general, the implementation of the internal control Bank BTPN has provided stakeholders with access and
system refers to OJK Circular Letter (SEOJK) No. 35/ convenience to information on the Bank through various
SEOJK.03/2017 regarding Internal Control System media of communication. Among others are as follows:
Standard Guidelines for Commercial Banks.
Access to Information Address
Website (in Bahasa Indonesia, and English) www.btpn.com

Call Center 1500300 (BTPN Call), +62 21 2450 5500 (International Call)
E-mail of Corporate Secretary [email protected]
E-mail of Corporate Communication [email protected]
E-mail of Customer Complaint [email protected]
E-mail of Customer Complaint [email protected]
Press Release www.btpn.com and distribution through the media
Social Media - Facebook: Bank BTPN Official
- Twitter : @sahabatBTPN
- Youtube: BTPN
- LinkedIn: PT Bank BTPN Tbk
- Instagram : @lifeatbtpn
CODE OF CONDUCT
The Code of Conduct functions as the Bank’s basic guideline to appropriate behavior for members of the Board
of Commissioners, the Board of Directors, Independent Parties and employees. The Code of Conduct is reviewed
periodically, and the latest amendment was approved by the Board of Directors on 30 September 2020 through
Memorandum No. M/2020/EMEMO/SEP/03383
The moral principles underlined within the Code of obey and implement as the Code of Ethics stipulates
Conduct are the main elements of BTPN’s culture as appropriately possible. If proven in violation of the
which, among others, contain the following: Code of Ethics, then the offender shall be sanctioned in
accordance with prevailing regulations at Bank BTPN.
Speak Your Mind
This is an access for employees to report and convey Socialization and Dissemination of the Code of
their aspirations that is safe and guaranteed of Conduct
confidentiality, so that employees may raise issues or Socialization of the Code of Ethics is carried out
problems related to misconduct and/or occurrences of through E-mail Blast and refreshment session through
fraud, aspirations and/or ideas for improvement. the E-Learning system, applicable to all levels of Bank
BTPN’s organization, both new recruits or existing
Principles of the Code of Conduct employees
The following are details of the principles of the code of
conduct applicable at Bank BTPN: GOVERNANCE ON THE PROCUREMENT OF
GOODS AND SERVICES
1. Compliance & Risk Management The Bank has the policy on the Procurement of
2. Conflict of Interest Goods and Services, among others, that regulates the
3. Creating a Favorable Work Environment duties and responsibilities of the Goods and Services
3.1 Fair Treatment of All Employees Procurement Committee, as well as regulates the
3.2 Anti-Discrimination and Harassment requirements and management of vendors.
3.3 Safety at Work Place
3.4 Use of Company Facilities This policy is in form of ‘SOP (Standard Operating 337
3.5 Activities Outside the Company Procedure) for Procuring Goods and/or Services’. It
3.6 Use of Social Media consist procuring process through tender/bidding and

3.7 LInk Communication through Direct Appointment. Latest review and update
4. Information Management & Security was done in August 2020.
5. Relationship with Customers and Stakeholders
5.1 Relationship with Customers WHISTLEBLOWING SYSTEM/ REPORTING
5.2 Anti-Money Laundering OF VIOLATIONS
5.3 Vendors or Business Partner Management Bank BTPN has a system available for reporting
5.4 Regulatory Relationship violations or known as the Whistleblowing System. The
5.5 Shareholders and Subsidiary Relationship facility is the means provided for all employees to report
5.6 Anti-Bribery and Corruption issues/problems related to misconduct and occurrence
5.7 Gift and Entertainment of fraud.
5.8 Insider Information and Personal Account Dealin
and Investment Included in this system are indications and suspicions of
such misconduct, both which have occurred and which
Enforcement of the Code of conduct are on-going and/or suspected, and are not supposedly
In line with the implementation of GCG and at the of personnel complaint or based on bad will/slander.
same time develop behavior traits that are in line with
the Bank’s ethical standards, BTPN has an Induction Whistleblowing Channel may be used by employees
Program for new executives and staff on the Code through e-mail, whatsapp application, hotline and letters
of Conduct. The Bank also conduct regular Code of and also in person with AFM team. BTPN is committed
Conduct socialization program to improve employees’ to guarantee confidentiality of the whistleblower’s
awareness and enforce sanctions for any violations of identity in accordance with prevailing provisions.
the Code of Conduct.
Whistleblowers may convey preliminary indication that
Statement: Code of Conduct is Applicable at All is accountable of the conduct that is being reported by
Levels of the Organization fulfilling the elements (4W + 1H) as follows:
Members of the Board of Directors, members of the 1. Explains the incident/event (What)
Board of Commissioners, Independent Parties under 2. The party involved/event (Who)
the Board of Commissioners, all employees without 3. Time of incident/event (When)
exception are obliged to read, learn, and understand 4. Location of incident/event (Where)
the content of the Code of Ethics, and are willing to 5. How the incident/event happened (How)
Mechanism of Reporting
The mechanism to Convey and Manage the Whistleblowing Channel is as follows:
Flowchart Whistleblowing Mechanism

Whistleblower
Start Finish
Reporting/
Report an event (through Receive

phone/e-mail/SMS/WA Response
Risk Management
Quarter
(RM) Director
Whistleblower
Report *
Report from Update Provide Response

Whistleblower Database from whistleblower
request
338
Anti-Fraud Management (AFM)
Involve BoD/BoM/ Yes

BoC or related to Financial
Statements?
No
No
Fraud Cases ?
Yes No
Involve No
BoD/BoM/BoC or Confirmed as
Investigation
related to Financial Fraud ?
Statements?
Yes **
Yes Received Report
Status
Audit Committee
Whistleblower Conduct follow up on

whistleblower report. Example: Yes Instructed that the Audit
Report who involve Follow Up
appoint Internal Audit, other status reports is Committee
BoD/BoM/BoC or Done ?
internal parties or third party to “Closed” to AFM Meeting and
related to Financial
conduct investigation No AFM on Quarter
Statements ?
basis
Human Capital,
Compliance or
Unit Head
Received Case Report result on

Report Analysis case analysis
Committee
Fraud
Fraud Committee
Meeting and AFM
* Report include summary of statistic information on over all whistleblowing report/incoming cases and follow up that has conducted by AFM
** Follow Up refer to Investigation Guideline
Protection for Whistleblowers
The bank provides protection for whistleblowers,
namely by keeping their identity and the report content
confidential.
Complaint Management
The management of the Whistleblowing channel is
conducted by an internal party,
namely the Anti-Fraud Management.
Types of Sanctions for Violators

Types of sanctions for fraud perpetrators refer to the
provisions stipulated in the applicable Collective Labor
Agreement.
Handling and Follow-up of Complaints in the Year

2020
During the year 2020, some 48 complaints were
submitted through the Whistleblowing Channel and
have been followed-up and resolved.
339
BTPN encourages employees to voice their aspirations,
ideas, as well as any issues relating to misconduct or

fraud with reference to the Mechanism Procedures of
Whistleblowing Reporting that sustainably maintains
BTPN’s reputation as a trustworthy Bank with integrity
and respect for the society, its employees and the
stakeholders.
CORPORATE SOCIAL
RESPONSIBILITY
342 Implementation of Corporate Social
Responsibility
343 Corporate Social
346 Corporate Social Responsibiity in
the Field of Human Rights
in the Field of Fair Operation
349 Corporate Social Responsibility in
the Environmental Field
in the Fields of Labor and
Occupational Health & Safety
to Customers
in the Field of Community Social
Development
In principle, the Bank’s corporate social

responsibility program integrates business
mission with social mission, or corporate
shared values.
Corporate Social Responsibility
BTPN’s CSR program is also

Rp 2.96 Billion oriented towards creating
Realization of the 2020 added value to stakeholders
CSR Budget
and the surrounding community,
With the COVID-19
pandemic and changes in
as well as supporting programs
program implementation,
the realization of the CSR
for sustainable development
budget has been adjusted
accordingly.
goals.
342
Implementation of Corporate
Social Responsibility
PT Bank BTPN Tbk (“BTPN”, “Bank”) implements its on materials that are related to healthy lifestyle in
Corporate Social Responsibility (CSR) as an effort to the new normal era. In addition, other materials also
bring about meaningful change in the lives of millions touched on ways of managing finance and maintaining
of people, more specifically its customers and the business during the pandemic.
communities of Indonesia. For this purpose, CSR
activities for the Bank are not merely fulfilling obligation Aside from the focus on online trainings and seminars,
but also a moral responsibility to stakeholders. BTPN also continually take efforts to assist customers
and the communities with feeding information around
In the year 2020 with the COVID-19 pandemic, BTPN the topics of health, finance, entrepreneurship.
adapted the focus of its empowerment activities’ with Certaianly also on matters concerning environmental
Daya work unit. Empowerment activities come in the preservation through the digital platform www.daya.id.
form of trainings and seminars which initially carried out
through face-to-face, however since the end of the first BTPN also feels the calling on trying to help lighten the
quarter of the concerned fiscal year it has been adjusted burden of the community in the midst of the ongoing
into online trainings and seminars. COVID-19 pandemic. This is done, among others,
through disbursement of donation to those in need,
Delivering the materials through online information from medical workforce as the front-liner in facing the
media and seminars, for example, BTPN put attention pandemic, to children in remote areas in need of strong
internet access signal so that they can continue with
their online study.
343

Corporate Social
COMMITMENT TO SOCIAL RESPONSIBILITY Internally, the commitment to carry out corporate social
For BTPN, commitment to Corporate Social responsibility is implemented through the presence of a
Responsibility (CSR) refers to the principle of the special unit that specifically handles the mission, namely
implementation of compliance and moral responsibility Daya. In principle, the program integrates the BTPN
to stakeholders. For just this reason the Bank conducts business mission with the social mission or referred to
and maintains its commitment to implement CSR on as corporate share value.
a continuous basis so that the Bank’s presence will
increasingly extend immense benefit to the community. EXECUTING ORGANIZATION
Aside from that, it would also maintain the preservation BTPN commitment to conduct corporate social
of the environment and minimize the negative impact on responsibility is carried out by a unit specially set up
all stakeholders. to handle the mission, namely referred to as Daya. All
activities of empowerment at BTPN are fully executed
The basis of the commitment to support corporate under the coordination of the abovementioned work
social responsibility, among others is through the unit.
implementation or application of sustainable finance, as
denoted in the Financial Services Authority Regulation Structurally, Daya’s management is under the direct
No. 51/POJK.03/2017. For BTPN, such effort is coordination of between the Communications
an important part of the commitment to ensure the Department and Daya Division, which is part of the
extensiveness of the environment as well as safety, Compliance Directorate.
capability, prosperity, and life quality of the present and
future generations.
METHOD AND SCOPE OF DUE DILIGENCE For financial literacy, the 2019 survey used indicators
ON THE SOCIAL, ECONOMIC AND consisting of such parameters as knowledge, skill,
ENVIRONMENTAL IMPACT OF THE BANK’S belief, attitude and behavior. While financial inclusion
ACTIVITIES index is based on usage parameter on the financial
BTPN endlessly carries out studies of the social, instrument and institution.
economic and environmental impact of its business
activities, as part of the efforts to provide added value Although the percentage of the public that understand
for all stakeholders. In conducting the impact analysis and has access to financial services continue to rise on
of the Bank’s business activities, the process is done a yearly basis, however, such effort shall not stop here.
internally with feedback from external parties, both For that reason, for BTPN, two issues remain important:
directly and indirectly impacted. financial literacy and inclusion.
These external parties are diverse. From the feedback In addition, such other issues as the occurrence of
received through the contact center, customer fraud or crime are also highly important in the financial
satisfaction survey, discussions with customers and industry. The impact of fraud is not only on the Bank’s
employees, as well as from such other parties as internal condition, but it may cause implications on the
investors, the media and academics. economy in general as well as the public’s trust on the
banking industry.
These feedbacks are materials for the Bank’s
consideration. Subsequently, the action plan to actualize The COVID-19 pandemic that struck the entire
as well as the stakeholders to aim at are determined, world since the beginning of the year 2020 has also
344 in relation to the social, economic and environmental became an important issue. This event has caused
aspects. extraordinary impact on the Bank’s activities, including
the stakeholders.
IMPORTANT STAKEHOLDERS IMPACTED

OR AFFECTED BY THE BANK’S ACTIVITIES SCOPE OF CORPORATE SOCIAL
Results from identification conducted by BTPN, there RESPONSIBILITY, BOTH OBLIGATIONS
are at least six stakeholders who are most affected AND EXCEEDING OBLIGATIONS AS WELL
or impacted by the Bank’s activities: shareholders, AS PROGRAMS THAT EXCEED MINIMUM
customers, employees, business partners, the RESPONSIBILITY AND RELEVANT TO THE
government and regulator, as well as the general public. BANK’S BUSINESS
The scope of corporate social responsibility, among
With the result of the stakeholders’ mapping, the Bank others, is related to the protection of customers,
prepares appropriate programs. Thus, implementation compliance with regulators, as well as the regulated
of the corporate social responsibility activities then community and the environment in the sustainable
becomes more appropriate and provide greater, if not financial bylaws. Within this scope, BTPN implements a
optimal, benefit. number of ongoing programs by the year.
IMPORTANT SOCIAL, ECONOMIC AND Aside from the above, BTPN also take part in supporting
ENVIRONMENTAL ISSUES RELATED TO THE and participating to achieve Sustainable Development
IMPACT OF THE BANK’S ACTIVITIES Goals (SDGs), both directly and indirectly through
In determining important issues, BTPN, among others, the implementation of corporate social responsibility
refer to results of the National Financial Literacy Survey activities and programs. This include, among others,
(SNLIK) conducted by the Financial Services Authority environmental friendly product programs, environmental
(OJK) in the year 2019. This is important, partly so that friendly operations, health, and efforts to support the
mapping of issues generated by the Bank is in line with improvement of community welfare which are part of the
the government’s programs. 17 objectives of SDGs program.
The referred survey shows that financial literacy index

was at 38.03% and financial inclusion index at 76.19%.
Compared to the survey results of 2016, the numbers
increased by 29.7% and 67.8% respectively.
CSR PROGRAM SUPPORT IN SUSTAINABLE DEVELOPMENT GOALS
No. Name of Program/Activity Sustainable Development Goals
1 Training to increase business capacity for

customers and the community
GOALS 1 End poverty in all its forms everywhere

GOALS 8 Promote sustained, inclusive and sustainable economic growth,
full and productive employment and decent work for all
GOALS 10 Reduce inequality within and among countries
2 Training to increase competence in various fields

for customers and society
GOALS 1 End poverty in all its forms everywhere

3 Training for financial management for customers

and the community
GOALS 1 End poverty in all its forms everywhere 345


4 Activities in the health sector for customers and
the community
GOALS 3 Ensure healthy lives and promote well-being for all at all ages
BTPN’S STRATEGY AND WORK PROGRAMS Based on the abovementioned principle, BTPN breaks
IN DEALING WITH SOCIAL, ECONOMIC AND it down further into CSR programs which are basically
ENVIRONMENTAL ISSUES, STAKEHOLDER redistributing the value obtained by the BTPN to its
ENGAGEMENT EFFORTS AND INCREASING stakeholders. One of the programs which BTPN
VALUE FOR STAKEHOLDERS AND execute to generate added value for its stakeholders as
SHAREHOLDERS well as the community is the collaboration with several
BTPN CSR program is in line with the 3P principles universities in support of the development of the future
(People, Profit, Planet), prepared in consideration of the generation.
need and sustainability of the program. The program
is expected to support the increase in benefits for
stakeholders through the implementation of the policy
for CSR budget allocation that focuses on the principles
of propriety and fairness.
BTPN CSR program is also oriented on creating added

value for the Bank’s stakeholders and the surrounding
community, as well as supporting the sustainable
development goals. Equally important, the Company’s
corporate social responsibility program conducted by
Daya is increasingly progressing with the principle of
corporate share value.
SOCIAL RESPONSIBILITY FINANCING AND BUDGET

Throughout the year 2020, the actual total budget allocated for CSR activities amounted to Rp2.96 billion.
An decrease of 68% if compared to Rp9.1 billion in 2019.
The CSR funds were intended for activities in the fields of competence development, personal financial health,
capacity to grow for business. and sustainable living.
(Rp Million)
Activity 2020 2019 2018
Competence Development 739 814 26
Personal Financial Health 218 1,575 875
Capacity to Grow for Business 575 1,340 1,580
Sustainable Living 1,427 5,389 8,098
Total 2,958 9,119 10,580
Corporate Social Responsibility in

346
the Field of Human Rights
COMMITMENT AND POLICY FORMULATION OF CSR IN THE FIELD OF

BTPN is committed to respect the basic rights that HUMAN RIGHTS
everyone has as human being, such as civil, political, In extending the formulation of responsibilities towards
economic, social, and cultural rights. In BTPN’s the human rights aspect, BTPN identifies the effect of
environment, all such aspects are fulfilled through the its business activities which bear potential violation of
various policies within the company’s organization. human rights. For this reason, BTPN sets up a contact
center where stakeholders can lodge complaints related
BTPN’s policies related to human rights aspect are to the impact of BTPN’s business activities.
based on Law No. 39 on Human Rights, which covers
the following: The complaint mechanism may also utilize BTPN’s
existing whistleblowing system (WBS), as part of its
• The Right to live good corporate governance implementation. The
• The Right to have family and children complaints accommodated by BTPN are not only
• The Right to Self-Development from external stakeholders, but also from internal
• The Right to Justice stakeholders such as the employees.
• The Right to Personal Freedom
• The Right to Security Furthermore, in extending empowerment programs to
• The Right to Welfare customers and the community, BTPN does not take
• The Right to Participate in the Government side to any particular gender in offering the program
• Women’s Rights/Gender Equality to all customer segments they serve. Basically, BTPN
• Children’s Rights provides the same opportunity and service to all
customers.
ACTIVITY PLANS IN THE FIELD OF HUMAN ACHIEVEMENTS AND RECOGNITIONS IN
RIGHTS THE FIELD OF HUMAN RIGHTS
Throughout the year 2020, BTPN remained focused
on the rights of the customers and the community BTPN’s efforts to expand its empowerment reach
up to employees’ self-development, through various through www.daya.id to fulfill the customers’ and the
information, trainings and seminars provided for community’s rights to self-development, during the
free. This is carried out through the digital platform year 2020 BTPN has received acknowledgement from
of www.daya.id, as well as routine online face-to-face various external parties as follows:
application. • The main award in category “Sustainability” on
Innovation of www.daya.id at the “2020 IDX Channel
Aside from implementing the right to self-development, Indonesia Innovation Award” (ICAII) organized by
BTPN has also prepared a program that touched on IDX Channel.
the implementation of other principles as denoted in • HR Asia Award: “2020 Best Companies to Work For
the Law No. 39 on Human Rights. For example, which in Asia” organized by HR Asia Award. The awards
relates to the right to welfare and the right to live. are extended to companies regarded as having and
conducting worthy leadership, high commitment on
IMPLEMENTATION OF ACTIVITIES AND employees’ education and welfare through various
INITIATIVES IN THE FIELD OF HUMAN initiatives and innovations by the human resources
RIGHTS team delivered through unique and interesting
Implementation of CSR activities related to human means to all employees.
rights has been carried out as planned. On the personal
development program, the total number of participants 347
who received information through the digital platform of
www.daya.id during the year 2020 reached as many as

833.926 visitors. While those who joined Daya’s online
training and seminars totaled 7.179 participants.
Other than to customers and the community, BTPN

continued to provide trainings and seminars through
online media during the pandemic, as part of the effort
to improve its employees’ capacity. Throughout the
year 2020, as many as 281 training programs with
87,970 participants (employees) were conducted.
BTPN has also conducted other training programs,

among which related to child communication for
Sinaya customers, empowerment through the online
information media for agents of BTPN WOW! as the
front-liners so that they can further self-develop their
capacity.
Moreover, in facing the COVID-19 pandemic, BTPN has

channeled through donations to help medical workforce
as the front guard facing the pandemic. While for the
children in remote areas throughout the regions, are
provided with support related to strong internet signal
so they can continue their learning process online.

in the Field of Fair Operation
CORPORATE SOCIAL RESPONSIBILITY 2. Building long-term and continuous relations to
COMMITMENT AND POLICY IN THE FIELD achieve positive outcome
OF FAIR OPERATION Continuing what has been implemented since the
BTPN commitment related to the aspect of social year 2019 following the merger between BTPN and
responsibility in the field of fair operations, among SMBCI, Daya program has been developed through
others, refers to a number of existing regulations. For the collaboration with customers from all segments,
example, Law No. 5 of 1999 regarding Prohibition from the micro business to corporations. In its
of Monopolistic Practices and Unfair Business program development and implementation, Daya
Competition. invited the micro customers up to the corporations
from various age groups and gender to empower
In addition, the implementation of such commitment themselves, their families and the communities in
also refers to BTPN implementation norms of good each of their environment.
corporate governance principles. BTPN is also
committed to complying with all regulations related to IMPLEMENTATION PLAN IN THE FIELD OF
banking, company management and other provisions FAIR OPERATION
relevant to BTPN’s business activities. To fulfill the principle of fairness, BTPN will continue
348 to try to implement empowerment programs for all
FORMULATION OF CORPORATE SOCIAL customer segments, age groups and gender. In
RESPONSIBILITY IN THE FIELD OF FAIR addition, the program is carried out at no cost, as BTPN
OPERATION takes responsibility for all related costs.

BTPN CSR formulation is defined through various
norms, both in the form of regulations as well as best The program plan especially refers to the principle
practices prevailing in the industry. Among them are of “Building long-term and continuous relations to
related to the following: generate positive outcome”. By means of collaboration
1. Transparency and truthful practices in business and equal opportunity, BTPN believes that this will result
transactions in harmonious and continuous relations in the long run.
The agenda that is related to truthful practices,
among others, is periodically done through the IMPLEMENTATION OF ACTIVITIES AND
publication of Basic Credit Interest Rate (SBDK). INITIATIVES IN THE FIELD OF FAIR
This is in line with Bank Indonesia Circular Letter OPERATION
No. 15/1/DPNP on Transparency of Credit Interest Development of the Daya program for corporate
Information issued on 15 January, 2013. customers is conducted based on customers’ needs.
To respond to this, BTPN develops its internal human
While concerning relations with business partners, resources and collaborates with the CSR programs so
BTPN continues to conduct open auctions in as to meet the expectation of the customers.
procurement and transparently disclosed. This aims
to provide opportunities and fair treatment to all The program development remains to be based on the 4
partners. (four) Daya Pillars:
1. Competence Development;
2. Personal Financial Health;
3. Capacity to Grow for Business;
4. Sustainable Living.
in the Environmental Field
Various program plans conducted COMMITMENT AND POLICY
by Daya work units during the BTPN business activities are not in direct contact with the environment.
COVID-19 pandemic continue to be Nevertheless, the environmental condition is an integral part and also effect
implemented through online media BTPN operational activities.
to a number of customer segments.
Such seminars and training For this reason, BTPN is fully committed to take into account and protect
programs as on financial literacy the environment. This commitment is actualized through the policies and
for Jenius’ customers, health initiatives that are environmentally sound, such as reducing the use of
check for customers of Purnabakti, electricity and paper in the Bank’s operational activities.
digital marketing seminar for
business customers, up to children TARGET AND ACTIVITY PLANS IN THE ENVIRONMENTAL
communication and parenting FIELD
training for Sinaya customers Environmental destruction caused by tree logging for paper production
remain to be implemented during without regarding its sustainability and the use of fossil fuel for electricity
the pandemic. plant also without calculating its sustainability, will cause the two natural
resources to deplete faster. This condition will produce disorder in the
All of the program activities balance and preservation of the environment. 349
above are free. The objective is
to maintain long-term business In facing the potential risks that may occur as a result of the diminishing

relations in order to provide of the two mentioned natural resources needed for the operation of BTPN,
added value to customers and therefore regulations and policies on the use of papers, fuel oil and electricity
the community that generate in the Bank’s daily operations are established. And that is precisely the plan
positive impact from such business for BTPN activities in field of the environment is formulated.
relations.
Through such plan, it is hoped that the target to encourage and be involved
ACHIEVEMENT AND in efforts to preserve the environment may be achieved. This altogether
ACKNOWLEDGEMENT shows that BTPN cares about a better condition of the environment within its
IN THE FIELD OF FAIR business activities.
OPERATION
The COVID-19 pandemic has IMPLEMENTATION OF ACTIVITIES AND INITIATIVES IN THE
created limited access to direct ENVIRONMENTAL FIELD
communication and interaction with Continuing the ongoing activities since the year 2019, BTPN takes efforts
customers and the community. For to participate in managing CO2 (carbon-dioxide) emission or the Green
this purpose, the Bank strive to House Effect (GHE) originating from direct burning of the fossil fuel used for
optimize the digital platform www. electrical energy plant and transportation fuel. BTPN also exert efforts to
daya.id to offer comprehensive manage GHE by monitoring, recording and manage the frequency of work-
financial solutions and services to related traveling (project visit) as well as other work traveling needs.
various segments and expand the
empowerment reach so that their Based on the above operational data or energy consumption as well as
long-term business relations are on the compilation of the official work-travel, the Company calculates the
maintained. resulted total CO2 emission.
In the year 2020, BTPN received

a major award for category
“Sustainability” for the innovation
of www.daya.id in the IDX Channel
2020 Indonesia Innovation Awards
(ICAII). The event was organized by
the IDX Channel.
Through the “Sahabat Daya” (”Daya’s Best Friend”) EFFICIENT PAPER USE
program, the Bank allows employees to participate BTPN encourages the use of electronic communication
in volunteer work related to the environment. From to reduce paper usage. For that reason, since the year
seminars on the environment to tree-planting activities 2018 BTPN introduced the Front End System (FES) at all
at their own homes during this pandemic time. the branch networks as a more environmental-friendly
platform by reducing paper-based processing.
Moreover, each year, BTPN performs its CSR activities
in the environmental area through a variety of forms, Moreover, BTPN has also developed two digital
including the following: platforms, BTPN Wow! and Jenius for those who utilize
mobile device technology. Both platforms can reduce
EFFICIENT ENERGY USE the need for customers to visit branch offices, so as to
To minimize energy use, Menara BTPN utilizes LED minimize paper consumption for transaction needs.
lights to reduce electricity consumption and motion
sensors to control lighting. In addition, to optimize BTPN also provide the freedom for employees to take
natural light, the Menara BTPN building is not installed part in volunteer activities related to the environment,
with window blinds, and also minimizes the use of from environment-themed seminars to tree-planting at
blocking partitions. home during this pandemic time, through the “Sahabat
Daya” program.
EFFICIENT WATER USE
To reduce water consumption and support MECHANISM ON COMPLAINTS RELATED
environmental conservation, BTPN utilizes reverse TO ENVIRONMENTAL ISSUES
350 osmosis technology to produce drinking water supply. BTPN does not provide special channel for complaint
mechanisms related to environmental issues. However
the complaint handling mechanism is integrated through
the existing channels provided by the Bank, such as

through BTPN Care for customers and public.
CERTIFICATION IN THE ENVIRONMENTAL

FIELD
Up until now, BTPN does not have certification in the
environmental sector.
in the Fields of Labor and Occupational
Health & Safety
COMMITMENT AND POLICY all HR at BTPN is periodically carried out with materials that are always
BTPN believes that human adjusted in line with the needs of the Company.
resources (HR) is the Bank’s most
valuable asset when it comes to Through such a policy, efforts to achieve the target of attaining
achieving success and determining synchronization between HR competency and the need for the Bank’s
added value for all stakeholders. business activities to go hand in hand. Thus, training and other programs
For this purpose, BTPN is provided by BTPN present great added value for internal stakeholders.
committed to managing its human
resources in accordance with IMPLEMENTATION OF ACTIVITIES AND INITIATIVES IN THE
prevailing laws and regulations, FIELD OF LABOR FORCE
including by providing competitive Up until the year 2020, BTPN has conducted CSR programs related to labor
remuneration, opportunities for force including the following:
personal and career development, • Fair Treatment
and creating a safe and healthy Providing opportunities and fair treatment to all employees: permanent
work environment free from and contract. This relates to promotions, transfers, competency 351
environmental pollution and development, facilities and remuneration.
minimizing potential work-related

accidents and diseases. Employee Union: one of the forms of the company’s acknowledgement
of the commitment in the area of labor workforce. Because employees
In actualizing HR management are not commodities, and for that they need protection.
programs, BTPN refers to a
number of regulations including the BTPN also offer the opportunity for college students to take up on-the-
following: job training or internship program at BTPN. Such activity is highly useful
for students when they eventually enter the working life.
• Law No. 13 of 2003 regarding
Employment • Equality in Gender and Employment Opportunity
• Law No. 24 of 2011 regarding HR recruitment and career development process has been conducted
Social Security Organizing Body fairly by providing employment opportunities equally to all candidates,
• Financial Services Authority both men and women regardless of ethnicity, religion, race, political
No.(OJK) Regulation No.45 / views and social ladder as well as other criteria that tend to be
POJK.03 /2015 concerning the discriminative.
Governance Implementation in
Providing Remuneration In the year 2020, employees of BTPN totaled 7,482 persons., of which
3,090 persons or 41.3% are female employees. This shows that BTPN
highly upholds the principle of equality and employment opportunity
TARGET AND ACTIVITY without differentiating the gender.
PLAN
BTPN will continue to take efforts In the recruitment process, BTPN also prioritizes local Indonesian
to create structured and unceasing workers as a form of providing as much work opportunities as possible
activity programs related to for the people of Indonesia. In addition, when BTPN is in need for
human resources (HR). That is particular expertise yet rarely found among Indonesians, then foreign
why providing opportunities for workers are recruited with the objective for a transfer of knowledge to
competency development for local workers.
TOTAL MANPOWER BASED ON GENDER • Pension Program

Gender 2020 2019 2018 For employees who are entering
retirement, BTPN offers various
Male 4,392 4,584 4,751 support programs to prepare
Female 3,090 3,156 3,051 them for life after employment.
Total 7,482 7,740 7,802 Employees can take part in a
number of selective training
programs in the fields of
• Training and Career Development entrepreneurship, financial
BTPN provides equal opportunity for all employees to join educational management, and mental
and training program to develop their competency and assist them in preparation for retirement.
their career development.
• Employee Turnover Rate
Throughout the year 2020, BTPN allocated a total of Rp60.4 billion for BTPN establishes a safe,
training and development activities. harmonious and conducive
work environment with one
Summary of Training Implementation of the objectives to increase
loyalty and reduce employee
Description Satuan 2020 2019 2018
turnover. In the year 2020, the
Number of Training Full unit 281 279 207 rate of employee turnover was
Programs noted at 7.4%, an decrease
352 Number of Person 87,970 77,743 26,263 compared to the year 2019 with
Participants 11.1%.
Total Man-Days Day 30,038 28,267 18,734
Total Hours of Hour 240,305 226.137 221,655 • Mechanism of Complaint

Training Related to Labor Force
BTPN employees are free to
• Occupational Health and Safety (OHS) discuss the challenges they
A safe and healthy work environment is main priority for BTPN. are facing with their superiors
This has been implemented through the development of formal (including direct line manager)
policies concerning OHS management, integrated with the policies as stipulated in the PT Bank
on environmental management, since the year 2017. BTPN is also BTPN, Tbk Collective Labor
committed to complying with all prevailing OHS regulations and relevant Agreement (resolve internally).
standards.
In accordance to discuss with
• Industrial Relations superiors and line manager are
BTPN is committed to establishing harmonious, coordinated and fair deemed unable to solve the
relationships with all employees. BTPN also respect the right of its problems, the employees can
employees to form and participate in labor unions. be accompanied by the Labor
Union to resolve them. And for
For this purpose, BTPN facilitated the formation of the BTPB Tbk Labor the next process, it is resolved
Union, established on 27 September 2007, with registration number 256/ through the industrial relations
DPP.SP.BTPN-CTT.22-DISNAKER/2007 at the Office of Manpower and dispute settlement institution as
Transmigration. regulated in statutory provisions
(resolve externally)
BTPN is continuously in the effort to maintain mutually supportive
relationship with the Labor Union through the concept of partnership
and dialogue. To ensure that employees understand their rights and
responsibilities, BTPN routinely disseminate information about labor
regulations and provisions to all employees.
to Customers
COMMITMENT AND POLICY PRODUCT INFORMATION
BTPN continuously provide the best possible services BTPN provides transparent information on products and
to its customers. This include services to provide services which may be easily accessed by stakeholders.
the best products and services that are consistent, Besides through the branch office, the public and
trustworthy, safe, comprehensive and attentive of the customers may browse through the site http://www.
customers’ needs. btpn.com.
BTPN also prioritizes customer protection with the All products released by BTPN are assured of their
implementation of the principles of transparency, compliance with the provisions of regulator. While
confidentiality and security of customer internally, BTPN has also tested on the potential risk
data/information, as well as fast and easy handling of of each product, so that each product and service of
customers’ complaints. BTPN is safe for customers.
In providing the best services, BTPN refers to FACILITIES, NUMBER AND HANDLING OF
regulations set-forth by the Financial Service Authority CUSTOMER’S COMPLAINTS
(OJK), such as POJK No. 1/Pojk.07/2012 on Consumer In managing customer complaint, BTPN is represented
Protection in the Financial Services Sector. Another by Customer Care in Customer Experience Center 353
reference is the POJK No. 76/POJK.07/2016 regarding Division. Every complaint received by the Bank will
Increased Financial Literacy and Inclusion in the be resolved within 20 (twenty) Business Days. In the

Financial Services Sector of Consumers and/or the condition where complaint cannot be resolved within
Community. the service level agreement set-forth by the Financial
Services Authority (OJK), BTPN shall provide notification
As part of the Bank’s compliance with regulatory letter to customer on an extended time period for the
requirements, every year BTPN always submits the completion of handling the concerned complaint.
Bank’s Business Plan to the Financial Services Authority
(OJK) regarding product and service development to be Throughout the year 2020, the number of complaint
carried out in the following year. received and handled is as follows:
IMPLEMENTATION AND IMPACT OF

ACTIVITIES
The entire series of social responsibility activities for
customers is carried out through the Daya.id platform.
Done In Process Not Completed

number of
No. Type
complaints
Total Percentage Total Percentage Total Percentage
1 ATM 39,166 98% 741 2% - - 39,907

2 Bancassurance 2 100% 0% - - 2
3 BTPN Wow! 1,505 97% 40 3% - - 1,545
4 BTPN Wow! Low 1 100% 0% - - 1
5 Dana Pihak Ketiga 304 97% 9 3% - - 313
6 E-Statement 11 100% 0% - - 11
7 Flexi Cash 1,314 97% 44 3% - - 1,358
8 Internet Banking 70 99% 1 1% - - 71
9 ISME 4 100% 0% - - 4
10 Jenius 84,737 99% 632 1% - - 85,369
11 Join Finance 1,714 97% 58 3% - - 1,772
12 Kredit Pensiun 217 89% 27 11% - - 244
13 Kredit UMK 42 89% 5 11% - - 47
14 Mobile Banking 142 99% 2 1% - - 144
15 Modal Kerja 0% 0% - - 0
16 Reksadana 3 100% 0% - - 3
17 Remitance 0% 0% - - 0
18 RTGS SKN 47 98% 1 2% - - 48
19 Standing Instructiion 2 100% 0% - - 5
20 Wow! Link 5 100% 0% - - 5
21 Lainnya 0% 0% - - 0
Total 129,286 99% 1,560 1% - - 130,846

in the Field of Community Social
Development
COMMITMENT AND RESPONSIBILITY DISBURSED EXPENSE
BTPN commitment to community social development Total donation disbursed for activities related to
refers to the Financial Services Authority Regulation community social development throughout the year
No. 76/POJK.07/2016 regarding Increasing Financial 2020 amounted to some Rp2,96 billion.
Literacy and Inclusion in the Financial Services Sector
for Consumers and/or the Community. ACTIVITY IMPLEMENTATION
During the year 2020, BTPN took part in assisting
INFORMATION ON RELEVANT SOCIAL various parties impacted by the COVID-19 pandemic
ISSUES through donations. This include donation to medical
Results of OJK’s Financial Literacy National Survey workforce.
in 2019 became one of the references of BTPN in
formulating relevant issues related to BTPN social Moreover, the BTPN also encouraged learning for
issues. This is important, among others in order to map children in remote areas in need of strong internet
the issues established by BTPN to be in line with the access signal so that they can continue with their online
354 government’s program. study
Results of the survey show that financial literacy ACTIVITY IMPACT

index reached 38.03% and financial inclusion index at The impact of activities may be seen from the
76.19%. The number increased by 29.7% and 67.8% involvement of the customers and the community in
respectively if compared to survey results in 2016. the financial literacy activities conducted by BTPN. In
connection to this, the total number of participants
As a support to the government’s policy, BTPN who joined the program on increasing financial literacy
develops financial literacy and inclusion programs and inclusion especially for the fulfillment of obligation
through BTPN products, services and activities of BTPN as a Financial Service Business constituent
especially set for financial literacy and inclusion. during the year 2020 was 14,976 participants of various
circles, from customers to non-customers.
INFORMATION ON SOCIAL RISK
MANAGEMENT
Low financial literacy and inclusion of the public may
impact the lack of comprehension of safe banking
products and services. One of the forms of real impact
is the many people who have been affected by the
untrustworthy of illegal investments.
Moreover, there are several other risks related to the

impact of low financial literacy and inclusion. For
example, how some people do not know how to
manage their finances or do not have any objective
in financial management, or placing investment
instruments in the wrong channels and eventually result
in some loss.
Statements
2020 Financial

355
PT BANK BTPN Tbk
DAN ENTITAS ANAK/AND SUBSIDIARY
LAPORAN KEUANGAN KONSOLIDASIAN/
CONSOLIDATED FINANCIAL STATEMENTS
TAHUN BERAKHIR 31 DESEMBER 2020 DAN 2019/

YEARS ENDED 31 DECEMBER 2020 AND 2019
PT BANK BTPN Tbk
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

31 DESEMBER 2020 DAN 2019 31 DECEMBER 2020 AND 2019
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
Catatan/ 31 Desember/December
Notes 2020 2019
ASET ASSETS
Kas 2h, 4 2,433,196) 2,299,062) Cash
Giro pada Bank Indonesia 2h, 2j, 5 5,616,968) 8,987,079) Current accounts with Bank Indonesia
Giro pada bank-bank lain: Current accounts with other banks

- Pihak ketiga 526,017) 331,454) Third parties -
- Pihak berelasi 2g, 37 370,551) 725,450) Related parties -
Dikurangi: Cadangan kerugian penurunan Less: Allowance for impairment
nilai 2i (497) -) losses
2h, 2j, 6 896,071) 1,056,904)
Penempatan pada Bank Indonesia Placements with Bank Indonesia

dan bank-bank lain 16,954,868) 8,839,876) and other banks
Pendapatan bunga yang masih akan diterima 49,471) 74,228) Accrued interest income
2h, 2k, 7 17,004,339) 8,914,104)
Efek-efek Securities
- Pihak ketiga 14,672,468) 10,568,519) Third parties -
Pendapatan bunga/marjin yang masih akan
diterima 215,898) 48,233) Accrued interest/margin income
Dikurangi: Cadangan kerugian penurunan Less: Allowance for impairment 361
nilai 2i (291) (6) losses
2h, 2l, 8 15,020,263) 10,702,851)

Tagihan derivatif ) Derivative receivables
- Pihak berelasi 2g,37 49,928) 61,682) Related parties -
2h, 2m, 9 917,082) 840,372)
Tagihan akseptasi Acceptance receivables

nilai 2i (5,694) (69) losses
2h, 2n, 10 1,484,940) 1,692,391)
Pinjaman yang diberikan: Loans:

- Pihak berelasi 2g, 37 1,206,768) 2,132,709) Related parties -
Pembiayaan/piutang syariah: Sharia financing/receivables:
diterima 679,556) 827,359) Accrued interest/margin income
nilai 2i (3,422,325) (1,467,199) losses
2h, 2o, 11 133,469,850) 141,120,343)
Penyertaan saham Investment in shares

- Pihak ketiga 22) 22) Third parties -
- Pihak berelasi 2g 22,500) 22,500) Related parties -
2h, 2p 22,522) 22,522)
Beban dibayar dimuka 2q, 2ai, 12 1,881,912) 2,234,521) Prepayments
Klaim pengembalian pajak 2ac, 13a 209,055)) 321,312)) Claims for tax refund
Aset pajak tangguhan 2ac, 13f 467,885) 144,874) Deferred tax assets
Aset tetap 4,883,148) 3,751,845) Fixed assets

Dikurangi: Akumulasi penyusutan (2,525,161) (1,858,099) Less: Accumulated depreciation
2r, 2ai, 14 2,357,987) 1,893,746)
Pindahan 181,782,070)) 180,230,081)) Carried forward
Catatan atas laporan keuangan konsolidasian terlampir merupakan The accompanying notes to the consolidated financial statements form
bagian yang tidak terpisahkan dari laporan keuangan konsolidasian an integral part of these consolidated financial statements
secara keseluruhan
1
Financial Statements 2020
PT BANK BTPN Tbk


Notes 2020 2019
ASET (lanjutan) ASSETS (continued)
Pindahan 181,782,070) 180,230,081) Carried forward
Aset takberwujud 2,528,427) 2,197,397) Intangible assets

Dikurangi: Akumulasi amortisasi (1,487,828) (1,128,855) Less: Accumulated amortization
2s, 15 1,040,599) 1,068,542)
Aset lain-lain 343,479) 332,931) Other assets

nilai 2i (170) (169) losses
2h, 2t, 16 343,309) 332,762)
JUMLAH ASET 183,165,978) 181,631,385) TOTAL ASSETS
LIABILITAS, DANA SYIRKAH TEMPORER LIABILITIES, TEMPORARY SYIRKAH

DAN EKUITAS FUNDS AND EQUITY
LIABILITAS LIABILITIES
362 Liabilitas segera 2h, 17 59,404) 18,268) Obligations due immediately
Bagi hasil yang belum dibagikan 2z 18,666) 21,861) Undistributed revenue sharing
Simpanan nasabah Deposits from customers


- Pihak berelasi 2g, 37 4,440,494) 539,161) Related parties -
Beban bunga yang masih harus dibayar 268,383) 210,601) Accrued interest expenses
2h, 2u, 18 93,133,923) 79,599,416)
Simpanan dari bank-bank lain Deposits from other banks

- Pihak ketiga 644,908) 4,342,049) Third parties -
Beban bunga yang masih harus dibayar 370) 57,081) Accrued interest expenses
2h, 2u, 19 6,549,706) 11,690,555)
Liabilitas derivatif ) Derivative payables

2h, 2m, 9 887,157) 894,947)
Liabilitas akseptasi ) Acceptance payables

2h, 2n, 10 767,282) 888,459)
Utang pajak: Taxes payables:

- Pajak penghasilan badan 287,928) 119,060) Corporate income tax -
- Pajak lain-lain 175,075) 117,833) Other taxes -
2ac, 13b 463,003) 236,893)
Efek-efek yang diterbitkan: Securities issued:

- Surat utang jangka menengah 20a -) 1,301,409) Medium term notes -
- Utang obligasi 20b 993,045) 1,889,219) Bonds payable -
1d, 2h, 2v 1,000,424) 3,216,914)
Pindahan 102,879,565)) 96,567,313)) Carried forward
secara keseluruhan
2
PT BANK BTPN Tbk

Notes 2020 2019

DAN EKUITAS (lanjutan) FUNDS AND EQUITY (continued)
LIABILITAS (lanjutan) LIABILITIES (continued)
Pindahan 102,879,565) 96,567,313) Carried forward
Pinjaman yang diterima: Borrowings:

Biaya transaksi yang belum diamortisasi (21,908) (15,318) Unamortised transaction costs
2h, 2w, 21 31,183,344) 38,188,926)
Akrual 2h, 22 347,446) 451,386) Accruals
Liabilitas imbalan kerja karyawan: Employee benefits liabilities:

- Imbalan kerja jangka pendek 376,891) 560,620) Short-term employee benefits -
- Imbalan pascakerja dan Post-employment benefits and -
imbalan kerja jangka panjang lainnya 160,042) 37,458) other long-term employee benefits))
2x, 23 536,933) 598,078) 363
Liabilitas pajak tangguhan 2ac, 13f -) 53,052) Deferred tax liabilities

Liabilitas sewa 2ai 589,736) -) Lease liabilities
Liabilitas lain-lain 2h, 2i, 25 624,855) 704,845) Other liabilities
Pinjaman subordinasi 6,111,750) 6,038,888) Subordinated loans

2g, 2h,
2y, 24, 37 6,115,980) 6,045,193)
JUMLAH LIABILITAS 142,277,859) 142,608,793) TOTAL LIABILITIES
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Bukan bank Non-bank

- Pihak ketiga Third parties -
Tabungan mudharabah 167,171) 104,628) Mudharabah savings
Deposito mudharabah 7,717,545) 7,428,302) Mudharabah time deposits
- Pihak berelasi 2g, 37 Related parties -

Tabungan mudharabah 112) 250) Mudharabah savings
Deposito mudharabah 38,538) 17,484) Mudharabah time deposits
JUMLAH DANA SYIRKAH TEMPORER 2z, 26 7,923,366) 7,550,664) TOTAL TEMPORARY SYIRKAH FUNDS
secara keseluruhan
3
PT BANK BTPN Tbk


Notes 2020 2019

DAN EKUITAS (lanjutan) FUNDS AND EQUITY (continued)
EKUITAS
Ekuitas yang diatribusikan kepada pemilik Equity attributable to owners

ekuitas induk of the parent
Modal saham: Share capital:

Modal dasar Rp 300.000 Authorised capital of Rp 300,000
terdiri dari: 15.000.000.000 saham consists of: 15,000,000,000 shares
dengan nilai nominal with par value of
Rp 20 (nilai penuh) per saham Rp 20 (full amount) per share
Modal ditempatkan dan disetor penuh Issued and fully paid-up capital
sebesar 8.148.931.869 saham of 8,148,931,869 shares
(31 Desember 2019: 8.148.928.869 (31 December 2019: 8,148,928,869
saham) 2aa, 27 162,979) 162,979) shares)
Tambahan modal disetor 1b 11,158,710) 11,158,702) Additional paid-in capital

364
Reserve on revaluation of fixed
Cadangan revaluasi aset tetap 2r 801,553) 801,553) assets
Cadangan pembayaran berbasis saham 2ab, 28 -) 244,012) Share-based payment reserve
Cadangan nilai wajar - bersih 2l 101,255) 12,176) Fair value reserve - net
Transaksi dengan kepentingan-non- Transaction with non-controlling

pengendali 1f (24,267) (24,267) interest
Saldo laba Retained earnings

- Dicadangkan 67,596) 44,361) Appropriated -
- Belum dicadangkan 18,949,493) 17,730,931) Unappropriated -
31,217,319) 30,130,447)
Komponen ekuitas lainnya 2ab, 28 260,801) -) Other equity components
Saham tresuri 1c, 2aa (262,404) (262,404) Treasury shares

31,215,716) 29,868,043)
Kepentingan non-pengendali 1,749,037) 1,603,885) Non-controlling interest
JUMLAH EKUITAS 32,964,753) 31,471,928) TOTAL EQUITY
JUMLAH LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY

TEMPORER, DAN EKUITAS 183,165,978) 181,181,631,385) SYIRKAH FUNDS, AND EQUITY
secara keseluruhan
4
PT BANK BTPN Tbk
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2020 DAN 2019 YEARS ENDED 31 DECEMBER 2020 AND 2019*
C OPERATING INCOME
C Catatan/ OPERATING INCOME
Notes 2020 2019*)
PENDAPATAN DAN BEBAN OPERATING INCOME

OPERASIONAL AND EXPENSES
Pendapatan bunga 48 12,366,009) 14,223,627) Interest income
Pendapatan syariah 4,037,474) 4,457,352) Sharia income
2g, 2ad, 30,
37 16,403,483) 18,680,979)
Beban bunga 48 (5,281,544) (7,165,697) Interest expenses

Hak pihak ketiga atas bagi hasil dana
syirkah temporer (497,511) (523,587) temporary syirkah funds
2g, 2ad, 31,
37 (5,779,055) (7,689,284)
PENDAPATAN BUNGA DAN NET INTEREST

SYARIAH BERSIH 10,624,428) 10,991,695) AND SHARIA INCOME
Pendapatan operasional lainnya: Other operating income:

2ae, 2af, 32,
Pendapatan operasional lainnya 48 959,885) 1,032,034) Other operating income
Keuntungan dari selisih kurs dan transaksi Net gain on foreign exchange and
derivatif bersih 2e, 2m, 48 728,952) 584,544) derivative transactions
1,688,837) 1,616,578) 365
Beban operasional lainnya: Other operating expenses:
2g, 2x, 2ab,

2af, 33, 37,
Beban kepegawaian 48 (3,211,395) (3,338,585) Personnel expenses
Beban umum dan administrasi 2af, 34, 48 (3,062,933) (3,155,976) General and administrative expenses
Cadangan kerugian penurunan nilai 2i, 35 (2,799,638) (1,445,882) Provision for impairment losses
Beban operasional lainnya 2af, 36, 48 (608,785) (635,311) Other operating expenses
(9,682,751) (8,575,754)
PENDAPATAN OPERASIONAL BERSIH 2,630,514) 4,032,519) NET OPERATING INCOME
PENDAPATAN (BEBAN) NON-OPERATING INCOME

NON-OPERASIONAL (EXPENSES)
Pendapatan non-operasional 10,750) 5,068) Non-operating income
Beban non-operasional (8,188) (18,665) Non-operating expenses
2,562) (13,597)
LABA SEBELUM PAJAK PENGHASILAN 2,633,076) 4,018,922) PROFIT BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN 2ac, 13c (627,399) (1,026,504) INCOME TAX EXPENSE
LABA BERSIH NET PROFIT FOR THE

TAHUN BERJALAN 2,005,677) 2,992,418) YEAR
*Setelah reklasifikasi (Catatan 48) *After reclassification (Note 48)
secara keseluruhan
5
PT BANK BTPN Tbk

LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
TAHUN BERAKHIR 31 DESEMBER 2020 DAN 2019 YEARS ENDED 31 DECEMBER 2020 AND 201 9
OPERATING INCOME
C Catatan/ OPERATING INCOME
Notes 2020 2019*
)
PENGHASILAN KOMPREHENSIF LAIN: OTHER COMPREHENSIVE INCOME:
Pos-pos yang tidak akan direklasifikasi Items that will not be reclassified
ke laba rugi to profit or loss
Pengukuran kembali liabilitas imbalan kerja Remeasurements of employee benefits
karyawan 2x, 23 (89,257) (30,767) liabilities))
Pajak penghasilan terkait pos-pos yang Income tax relating to items that will not be
tidak akan direklasifikasi ke laba rugi 13f 24,400) 7,692) reclassified to profit or loss
(64,857) (23,075)
Pos-pos yang akan direklasifikasi Items that will be reclassified

Keuntungan yang belum direalisasi atas
perubahan nilai wajar efek-efek dalam Unrealised gain on fair value changes
kelompok tersedia untuk dijual dan of available for sale and
diukur pada nilai wajar melalui measured at fair value through other
penghasilan komprehensif lain 2l 113,547) 11,306) comprehensive income securities
Pajak penghasilan terkait pos-pos yang Income tax relating to items that will be
akan direklasifikasi ke laba rugi 13f (24,492) (2,827) reclassified to profit or loss
366 89,055) 8,479)
PENGHASILAN KOMPREHENSIF LAIN OTHER COMPREHENSIVE

TAHUN BERJALAN, SETELAH PAJAK INCOME FOR THE
PENGHASILAN 24,198) (14,596) YEAR, NET OF INCOME TAX
TOTAL COMPREHENSIVE
JUMLAH LABA KOMPREHENSIF TAHUN INCOME FOR THE
BERJALAN, SETELAH PAJAK 2,029,875) 2,977,822) YEAR, NET OF INCOME TAX
LABA BERSIH YANG DIATRIBUSIKAN

KEPADA: NET PROFIT ATTRIBUTABLE TO:
Pemilik entitas induk 1,749,293) 2,572,528) Owners of the parent
Kepentingan non-pengendali 256,384) 419,890) Non-controlling interest
2,005,677) 2,992,418)
JUMLAH LABA KOMPREHENSIF YANG TOTAL COMPREHENSIVE

DIATRIBUSIKAN KEPADA: INCOME ATTRIBUTABLE TO:
Pemilik entitas induk 1,776,256) 2,555,357) Owners of the parent
Kepentingan non-pengendali 253,619) 422,465) Non-controlling interest
2,029,875) 2,977,822)
LABA BERSIH PER SAHAM EARNINGS PER SHARE

(NILAI PENUH) 2ag, 40 (FULL AMOUNT)
Dasar 217) 327) Basic
Dilusian 217) 324) Diluted
*Setelah reklasifikasi (Catatan 48) *After reclassification (Note 48)
secara keseluruhan
6
PT BANK BTPN Tbk
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

TAHUN BERAKHIR 31 DESEMBER 2020 DAN 2019 YEARS ENDED 31 DECEMBER 2020 AND 2019

367
368
PT BANK BTPN Tbk
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

PT BANK BTPN Tbk
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS

Catatan/
Notes 2020 2019
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan bunga . 12,369,052) 14,287,000) Receipt from interest

Penerimaan dari pendapatan syariah 4,039,326) 4,449,890) Receipt from sharia income
Pembayaran beban bunga (5,320,011) (7,340,094) Payments of interest expense
Pembayaran hak pihak ketiga atas bagi hasil Payments of t
dana syirkah temporer (500,706) (518,761) temporary syirkah funds
Penerimaan pendapatan operasional lainnya 1,772,261) 1,612,454) Receipts from other operating income
Penerimaan kembali kredit yang telah
dihapusbukukan 99,759) 113,243) Recovery from written-off loans
Pembayaran beban kepegawaian (3,345,008) (3,313,759) Payments of personnel expenses
Pembayaran beban operasional lainnya (2,793,844) (2,822,148) Payments of other operating expenses
Pembayaran lain-lain (4,285) (10,072) Other payments
Pembayaran pajak penghasilan badan (458,531) (1,262,205) Payments of corporate income tax
Arus kas sebelum perubahan dalam aset Cash flows before changes in operating
operasi, liabilitas operasi dan dana syirkah assets, operating liabilities and temporary
temporer 5,858,013) 5,195,548) syirkah funds
Perubahan dalam aset operasi, liabilitas operasi, Changes in operating assets, operating liabilities,
dan dana syirkah temporer : and temporary syirkah funds :
369
(Kenaikan) penurunan aset operasi : (Increase) decrease in operating assets :
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain - jatuh tempo lebih dari 3 bulan (192,551) (2,280,000) banks - with maturity more than 3 months

Securities purchased under resale
Efek-efek yang dibeli dengan janji jual kembali -) 1,591,672) agreement
Tagihan derivatif (76,710) (53,974) Derivative receivables
Tagihan akseptasi 207,451) 966,125) Acceptance receivables
Pinjaman yang diberikan 5,010,224) ) (4,980,410) Loans
Pembiayaan/piutang syariah (820,064) (1,959,320) Sharia financing/receivables
Increase (decrease) in operating
Kenaikan (penurunan) liabilitas operasi: liabilities:
Liabilitas segera 41,136) 2,945) Obligations due immediately
Simpanan nasabah 13,476,725) (15,527,695) Deposits from customers
Simpanan dari bank-bank lain (5,084,138) 4,825,097) Deposits from other banks
Liabilitas derivatif (7,790) (222,689) Derivative payables
Liabilitas akseptasi (121,177) (1,086,023) Acceptance payables
Kenaikan dana syirkah temporer 372,702) 1,557,804) Increase in temporary syirkah funds
Arus kas diperoleh dari (digunakan untuk) Net cash flows provided
aktivitas operasi 18,663,821) (11,970,920)) from (used in) operating activities
secara keseluruhan
9
PT BANK BTPN Tbk


Catatan/
Notes 2020 2019
)
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Pembelian efek-efek (96,000,594) (49,875,535) Purchases of securities

Penerimaan dari pelepasan efek-efek 92,799,958) 50,586,393) Proceeds from disposal of securities
Perolehan aset tetap (194,377) (324,700) Purchases of fixed assets
Perolehan aset hak guna (22,332) -) Purchases of right-of-use assets
Perolehan aset takberwujud 15 (396,680) (380,234) Purchases of intangible assets
Pengalihan kas dan setara kas sehubungan Cash and cash equivalents transfer due
dengan penggabungan usaha -) 11,289,137) to merger
Hasil dari penjualan aset tetap 8,792) 6,026) Proceeds from sale of fixed assets
Arus kas bersih (digunakan untuk) diperoleh Net cash flows (used in)
dari aktivitas investasi (3,805,233) 11,301,087) provided from investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Pembayaran efek-efek yang diterbitkan (2,197,583) (300,000) Payments of securities issued

Penerimaan dari efek-efek yang diterbitkan -) 1,000,000) Proceeds from securities issued
Penerimaan dari pinjaman yang diterima 29,153,346) 172,265,489) Proceeds from borrowings
Pembayaran angsuran dan pelunasan pinjaman Installment payments and settlement
370 yang diterima (36,129,922) (172,817,491) of borrowings
Pembayaran beban emisi obligasi -) (9,992) Payments of bonds inssuance cost
Pembayaran biaya transaksi atas pinjaman yang
diterima (10,450) (7,077) Payments of borrowing transaction costs
Pembayaran dividen 1f (103,887) -) Payments of dividend

Hasil penerbitan saham 8) 1,141) Proceed from shares issued
Pembayaran pokok liabilitas sewa (173,566) -) Payments of principal lease liabilities
Imbalan yang dibayarkan kepada non-pengendali -) (9,763) Consideration paid to non-controlling interest
Arus kas bersih (digunakan untuk) diperoleh Net cash flows (used in) provided
dari aktivitas pendanaan (9,462,054) 122,307) from financing activites
KENAIKAN (PENURUNAN) BERSIH KAS DAN NET INCREASE (DECREASE) IN CASH AND
SETARA KAS 5,396,534) (547,526) CASH EQUIVALENTS
DAMPAK PERUBAHAN SELISIH KURS EFFECT OF EXCHANGE RATE CHANGES ON

TERHADAP KAS DAN SETARA KAS (10,562) (35,026) CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT THE

SALDO KAS DAN SETARA KAS AWAL TAHUN 19,841,659) 20,424,211) BEGINNING OF YEAR

SALDO KAS DAN SETARA KAS AKHIR TAHUN 25,227,631) 19,841,659) END OF YEAR
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 4 2,433,196) 2,299,062) Cash
Giro pada Bank Indonesia 5 5,616,968) 8,987,079) Current accounts with Bank Indonesia
Giro pada bank-bank lain 6 896,071) 1,056,904) Current accounts with other banks
Penempatan pada Bank Indonesia dan bank- Placements with Bank Indonesia and
bank lain 7 14,482,317) 6,559,876) other banks
Efek-efek 8 1,799,079) 938,738) Securities
25,227,631) 19,841,659)
secara keseluruhan
10
PT BANK BTPN Tbk

Catatan/
Notes 2020 2019
INFORMASI TAMBAHAN ARUS KAS SUPPLEMENTAL CASH FLOWS INFORMATION
AKTIVITAS YANG TIDAK MEMPENGARUHI

ARUS KAS ACTIVITIES NOT AFFECTING CASH FLOWS
Penerbitan modal saham sehubungan dengan

penggabungan usaha 1b -) 9,754,134) Issuance of shares in relation with merger
Cadangan pembayaran berbasis saham 2ab, 28 16,789) 37,736) Share-based payment reserve
Pembelian aset tetap yang masih terutang (287) (1,402) Acquisition of fixed assets still payable
371
secara keseluruhan
11
PT BANK BTPN Tbk

CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian dan informasi umum a. Establishment and general information
PT Bank BTPN Tbk (”BTPN” atau “Bank”) yang PT Bank BTPN Tbk (”BTPN” or the “Bank”)
berdomisili di Jakarta Selatan sebelumnya domiciled in South Jakarta formerly under the
bernama PT Bank Tabungan Pensiunan name of PT Bank Tabungan Pensiunan
Nasional berdasarkan akta notaris No. 31 Nasional based on notarial deed
tanggal 16 Februari 1985 dari Notaris Komar No. 31 dated 16 February 1985 of Notary
Andasasmita, S.H. Akta ini telah diubah dengan Komar Andasasmita, S.H. The deed was
akta notaris No. 12 tanggal 13 Juli 1985 dari amended by notarial deed No. 12 dated 13 July
Notaris Dedeh Ramdah Sukarna, S.H. 1985 of Notary Dedeh Ramdah Sukarna, S.H.
Anggaran Dasar telah disahkan oleh Menteri The Articles of Association was approved by
Kehakiman Republik Indonesia dengan surat the Minister of Justice of the Republic of
No. C2-4583HT01.01TH.85 tanggal 25 Juli Indonesia in its decision letter No. C2-
1985, dan diumumkan dalam Tambahan 4583HT01.01TH.85 dated 25 July 1985 and
No. 1148 Berita Negara Republik Indonesia published in Supplement No. 1148 to State
No. 76 tanggal 20 September 1985. Gazette No. 76 dated 20 September 1985.
Bank diberikan izin untuk melanjutkan usaha The Bank was given permission to carry on the
bank sebagai kelanjutan usaha dari bank business as a continuity from Association
Perkumpulan Bank Pegawai Pensiunan Militer of Bank Pegawai Pensiunan Militer
372 (”BAPEMIL”) yang telah beroperasi secara ("BAPEMIL") which commenced its commercial
komersial pada tanggal 16 Februari 1959. Bank operations on 16 February 1959. The Bank
memperoleh izin usaha sebagai bank umum obtained license to operate as commercial bank
berdasarkan Keputusan Menteri Keuangan based on Decree of Ministry of Finance of the
Republik Indonesia No. Kep-955/KM.17/1993 Republic Indonesia No. Kep-955/KM.17/1993

tanggal 22 Maret 1993 dan surat Bank dated 22 March 1993 and the letter of Bank
Indonesia No. 26/5/UPBD/PBD2/Bd tanggal Indonesia No. 26/5/UPBD/PBD2/Bd dated
22 April 1993. Bank juga memperoleh izin untuk 22 April 1993. The Bank also obtained a license
menjalankan Unit Usaha Syariah melalui surat to operate its Sharia Business Unit by the letter
Bank Indonesia No. 10/2/DPIP/Prz/Bd tanggal of Bank Indonesia No. 10/2/DPIP/Prz/Bd dated
17 Januari 2008 yang telah dipindahkan ke 17 January 2008 which has been transferred to
PT Bank Tabungan Pensiunan Nasional PT Bank Tabungan Pensiunan Nasional
Syariah Tbk (anak perusahaan Bank) setelah Syariah Tbk (the Bank’s subsidiary) after a
pemisahan pada tanggal 14 Juli 2014. spin-off on 14 July 2014.
Bank memperoleh izin melakukan kegiatan The Bank obtained license to conduct foreign
usaha dalam valuta asing berdasarkan surat exchange activities based on Decree of
Keputusan Otoritas Jasa Keuangan (“OJK”) Otoritas Jasa Keuangan (“OJK”) No. 382/
No. 382/PB.12/2015 tanggal 22 Desember PB.12/2015 dated 22 December 2015
2015 tentang pemberian izin melakukan regarding approval in conducting foreign
kegiatan usaha dalam valuta asing. Bank mulai exchange activities. The Bank started to
melakukan kegiatan usaha sebagai bank operate as a foreign exchange bank on
devisa pada tanggal 16 Februari 2016. 16 February 2016.
Anggaran Dasar Bank telah mengalami The Bank’s Articles of Association have been
beberapa kali perubahan. Perubahan Anggaran amended several times. The complete
Dasar secara lengkap dituangkan dalam Akta amendment as specified into the Deed Number
Nomor 22 tanggal 21 Januari 2019 yang dibuat 22 dated 21 January 2019 made by Ashoya
oleh Ashoya Ratam, SH, MKn, Notaris di Kota Ratam, SH, MKn, Notary in Administrative City
Administrasi Jakarta Selatan dan telah disetujui of South Jakarta and has been approved by the
oleh Menteri Hukum dan Hak Asasi Manusia Minister of Law and Human Rights of the
Republik Indonesia melalui Surat Keputusan Republic of Indonesia through Decree Letter
Nomor AHU-0006169.AH.01.10.Tahun 2019 Number AHU-0006169.AH.01.10.Tahun 2019
tanggal 22 Januari 2019, di mana Bank resmi dated 22 January 2019, where the Bank
mengubah namanya menjadi PT Bank formally changed its name to PT Bank BTPN
BTPN Tbk. Tbk.
12
PT BANK BTPN Tbk
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)

a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information
(continued)
Perubahan Anggaran Dasar terakhir Bank The latest amendment of Articles of Association
dilakukan dalam rangka penyesuaian dengan was made in order of adjustment with the OJK
Peraturan OJK Nomor 14/POJK.04/2019 Regulation Number 14/POJK.04/2019
tentang Perubahan Atas Peraturan OJK Nomor regarding the Amendments to the OJK
32/POJK.04/2015 tentang Penambahan Modal Regulation Number 32/POJK.04/2015
Perusahaan Terbuka dengan Memberikan Hak regarding Increase Capital of Public Listed
Memesan Efek Terlebih Dahulu, Peraturan OJK Companies by Granting Pre-emptive Rights,
Nomor 15/POJK.04/2020 tentang Rencana dan OJK Regulation Number 15/POJK.04/2020
Penyelenggaraan Rapat Umum Pemegang regarding Plan and Conducting a General
Saham Perusahaan Terbuka, dan Peraturan Meeting of Shareholders of Public Listed
OJK Nomor 16/POJK.04/2020 tentang Companies, and OJK Regulation Number
Pelaksanaan Rapat Umum Pemegang Saham 16/POJK.04/2020 regarding Conducting
Perusahaan Terbuka Secara Elektronik, General Meeting of Shareholders of Public
sebagaimana dituangkan dalam Akta Nomor 31 Listed Companies electronically, as specified in
tanggal 18 November 2020 yang dibuat oleh the Deed Number 31 dated 18 November 2020
Ashoya Ratam, SH, MKn, Notaris di Kota made by Ashoya Ratam, SH, MKn, Notary in
Administrasi Jakarta Selatan dan telah diterima Administrative City of South Jakarta and has
dan dicatat di dalam Sistem Administrasi Badan been received and recorded in Legal Entity
Hukum melalui Surat Keputusan Menteri Administration System through Decree Letter of 373
Hukum dan Hak Asasi Manusia Republik Minister of Law and Human Rights of the
Indonesia Nomor AHU-AH.01.03-0410879 Republic of Indonesia No. AHU-AH.01.03-
tanggal 23 November 2020 perihal Penerimaan 0410879 dated 23 November 2020 regarding

Pemberitahuan Perubahan Anggaran Dasar Acceptance of Notification of Amendment of
PT Bank BTPN Tbk. Articles of Association of PT Bank BTPN Tbk.
Susunan Direksi dan Dewan Komisaris terakhir The latest composition of the Board of Directors
Bank sebagaimana dituangkan ke dalam Akta and the Board of Commissioners of the Bank as
Nomor 32 tanggal 18 November 2020 yang specified in the Deed Number 32 dated 18
dibuat oleh Ashoya Ratam, SH, MKn, Notaris di November 2020 made by Ashoya Ratam, SH,
Kota Administrasi Jakarta Selatan dan telah MKn, Notary in Administrative City of South
diterima dan dicatat di dalam Sistem Jakarta and has been received and recorded in
Administrasi Badan Hukum melalui Surat Legal Entity Administration System through
Keputusan Menteri Hukum dan Hak Asasi Decree Letter of Minister of Laws and Human
Manusia Republik Indonesia Nomor AHU- Rights of the Republic of Indonesia Number
AH.01.03-0411071 tanggal 24 November 2020 AHU-AH.01.03-0411071 dated 24 November
perihal Penerimaan Pemberitahuan Perubahan 2020 regarding Acceptance of Notification of
Data Perseroan PT Bank BTPN Tbk. the Company’s Data Changes of PT Bank
BTPN Tbk.
Sesuai dengan pasal 3 Anggaran Dasar Bank, In accordance with Article 3 of the Bank’s
maksud dan tujuan serta kegiatan Bank adalah Articles of Association, the Bank’s scope of
melakukan kegiatan usaha utama dan kegiatan activities is to engage in general banking
usaha penunjang termasuk melakukan services including capital investment in bank
penyertaan modal pada bank yang conducting business based on sharia
melaksanakan kegiatan usaha berdasarkan principles, in accordance with the prevailing
prinsip syariah, sesuai dengan undang-undang laws and regulations in Indonesia.
dan peraturan yang berlaku di Indonesia.
Pemegang saham terakhir (ultimate The ultimate shareholders of the Bank is
shareholders) dari Bank adalah Sumitomo Sumitomo Mitsui Financial Group.
Mitsui Financial Group.
13
PT BANK BTPN Tbk


a. Pendirian dan informasi umum (lanjutan) a. Establishment and general information
(continued)
Kantor pusat Bank berlokasi di Menara BTPN, The Bank’s head office is located at Menara
CBD Mega Kuningan, Jl. Dr. Ide Anak Agung BTPN, CBD Mega Kuningan, Jl. Dr. Ide Anak
Gde Agung Kav 5.5 - 5.6, Jakarta Selatan Agung Gde Agung Kav 5.5 - 5.6, Jakarta
12950. Selatan 12950.
Jaringan distribusi pada tanggal 31 Desember Distribution network as of 31 December 2020
2020 dan 2019 (tidak diaudit) adalah sebagai and 2019 (unaudited) was as follows:
berikut:
31 Desember/ 31 Desember/
December 2020 December 2019
Kantor Cabang 84 84 Branches
Kantor Cabang Pembantu 266 285 Sub-Branches
ATM dan TCR 227 226 ATM and TCR
Payment Points 141 164 Payments Points
Kantor Fungsional 45 46 Functional Branches
763 805
Jumlah karyawan PT Bank BTPN Tbk dan As of 31 December 2020 and 2019 PT Bank
Entitas Anak (“Bank dan Entitas Anak”) pada BTPN Tbk and Subsidiary (“Bank and
tanggal 31 Desember 2020 dan 2019, masing- Subsidiary”) had 19,370 and 19,235
masing adalah 19.370 dan 19.235 karyawan employees, respectively (unaudited).
(tidak diaudit).
374 b. Penggabungan usaha dengan PT Bank b. Merger with PT Bank Sumitomo Mitsui
Sumitomo Mitsui Indonesia Indonesia
Berdasarkan keputusan Rapat Umum Based on the resolution of Extraordinary
Pemegang Saham Luar Biasa tanggal General Meeting of Shareholders dated

5 Oktober 2018 sebagaimana dinyatakan 5 October 2018 as stipulated in the Deed of
dalam Akta Risalah Rapat Umum Pemegang Minutes of Extraordinary General Meeting of
Saham Luar Biasa No. 09 tertanggal Shareholders No. 09 dated 5 October 2018
5 Oktober 2018 yang dibuat oleh Ashoya made by Ashoya Ratam, SH, MKn, Notary in
Ratam, SH, MKn, Notaris di Kota Administrasi Administrative City of South Jakarta, it has
Jakarta Selatan, telah disetujui Rencana approved the Proposed Merger of PT Bank
Penggabungan Usaha PT Bank Sumitomo Sumitomo Mitsui Indonesia (“SMBCI”) and the
Mitsui Indonesia (“SMBCI”) dengan Bank, Bank whereby SMBCI acted as the Merging
dimana SMBCI bertindak sebagai bank yang Bank and the Bank acted as the Merger-
menggabungkan diri dan Bank bertindak Recipient Bank or surviving bank, effective as
sebagai bank penerima penggabungan, yang of all the required approval being obtained
berlaku sejak seluruh persetujuan yang (“Effective Merger Date”).
disyaratkan diperoleh (“Tanggal Efektif
Penggabungan”).
Penggabungan menjadi efektif pada tanggal The Merger became effective on 1 February
1 Februari 2019, setelah diperolehnya 2019, after obtaining the approval from (i) OJK
persetujuan dari (i) OJK melalui surat through Decree of Board of Commissioners of
Keputusan Dewan Komisioner OJK Nomor OJK Number 35/KDK.03/2018 dated
35/KDK.03/2018 tanggal 20 Desember 2018 20 December 2018 regarding the Merger
tentang Pemberian Izin Penggabungan Usaha Approval of SMBCI into the Bank; (ii) Japan
(Merger) SMBCI ke dalam Bank; (ii) Japan Financial Services Agency (JFSA) through the
Financial Services Agency (JFSA) melalui surat Banking Supervisory letter No. 1788 and
Pengawas Perbankan No. 1788 dan No. 1789 No. 1789 dated 18 January 2019 regarding the
tertanggal 18 Januari 2019 perihal Persetujuan approval of Subsidiarization; and (iii) Minister
Subsidiarization; dan (iii) Menteri Hukum dan of Law and Human Rights of the Republic of
Hak Asasi Manusia Republik Indonesia Indonesia Directorate of Administration of
Direktorat Jenderal Administrasi Hukum Umum General Law by letter dated 22 January 2019
melalui surat tertanggal 22 Januari 2019 Nomor Number AHU-0006169.AH.01.10.Year 2019
AHU-0006169.AH.01.10. Tahun 2019 mengenai regarding the Approval of Amendment of
Persetujuan Perubahan Anggaran Dasar Articles of Association of Limited Liability
Perseroan Terbatas PT Bank BTPN Tbk dan Company PT Bank BTPN Tbk and letter dated
surat tertanggal 22 Januari 2019 Nomor AHU- 22 January 2019 Number AHU-AH.01.03-
AH.01.03-0044411 mengenai Penerimaan 0044411 regarding the Acceptance of
Pemberitahuan Perubahan Data Perseroan Notification of Company Data Submission of
PT Bank BTPN Tbk serta surat tertanggal PT Bank BTPN Tbk as well as letter dated
22 Januari 2019 Nomor AHU-AH.01.10- 22 January 2019 Number AHU-AH.01.10-
0006176 mengenai Penerimaan Pemberitahuan 0006176 regarding Acceptance on Notification
Penggabungan Perseroan PT Bank BTPN Tbk. of Merger of PT Bank BTPN Tbk.
14
PT BANK BTPN Tbk
b. Penggabungan usaha dengan PT Bank b. Merger with PT Bank Sumitomo Mitsui

Sumitomo Mitsui Indonesia (lanjutan) Indonesia (continued)
Sehubungan dengan penggabungan usaha In relation with merger between PT Bank
antara PT Bank Tabungan Pensiunan Nasional Tabungan Pensiunan Nasional Tbk ("BTPN")
Tbk (“BTPN”) dan PT Bank Sumitomo Mitsui and PT Bank Sumitomo Mitsui Indonesia
Indonesia (“SMBCI”), penggabungan usaha ("SMBCI"), the merger was conducted through
dilakukan melalui penerbitan instrumen ekuitas the issuance of equity instrument of BTPN to
BTPN kepada Sumitomo Mitsui Banking Sumitomo Mitsui Banking Corporation (the
Corporation (pemegang saham BTPN dan shareholder of both BTPN and SMBCI) of
SMBCI) sebesar 2.296.846.112 lembar saham 2,296,846,112 fully paid ordinary shares of
biasa disetor penuh dengan nilai nominal BTPN with nominal value amounting to Rp 20
sebesar Rp 20 (nilai penuh) per saham. (full amount) per share.
Nilai wajar saham BTPN pada tanggal The fair value of BTPN’s shares as of
1 Februari 2019 adalah Rp 4.282 (nilai penuh) 1 February 2019 was Rp 4,282 (full amount)
per lembar saham. Rasio konversi atas per share. Conversion ratio of the conversion
konversi saham SMBCI menjadi saham BTPN of SMBCI’s share into BTPN’s share was
adalah sebesar 799,1971. 799.1971.
Penggabungan usaha antara BTPN dan SMBCI The merger between BTPN and SMBCI is a
merupakan transaksi penggabungan usaha business combination under common control
entitas sepengendali. Pada tanggal efektif transaction. As at the effective date of merger, 375
merger, baik BTPN dan SMBCI merupakan both BTPN and SMBCI are entites under
entitas sepengendalian dan hubungan common control and the common control

sepengendalian tersebut tidak bersifat relationship is not transitory. Business
sementara. Transaksi kombinasi bisnis antara combination transaction between entites under
entitas sepengendali dilakukan dalam rangka common control is done in the event of
reorganisasi entitas-entitas yang berada dalam reorganisation of entities under the same
suatu kelompok yang sama dan bukan group which does not constitute change in
merupakan perubahan kepemilikan dalam arti ownership by economic substance. Therefore,
substansi ekonomi. Oleh karena itu, transaksi the transaction is recognised at carrying
ini diakui pada jumlah tercatat berdasarkan amount under pooling of interest method.
metode penyatuan kepemilikan (pooling of
interest).
Selisih nilai transfer entitas sepengendali Net transfer under common control entities
di atas dicatat sebagai tambahan modal disetor. above was recorded as additional paid-in
Atas transaksi ini, Bank mencatat tambahan capital. As a result of this transaction, the Bank
modal disetor dan agio saham masing-masing recorded additional share capital and paid-in
sebesar Rp 45.937 dan Rp 9.708.197. capital amounting to Rp 45,937 and
Rp 9,708,197, respectively.
Tabel berikut ini merangkum jumlah aset yang The following table summarized the amounts of
diperoleh dan liabilitas yang diambil alih pada the assets acquired and liabilities assumed on
tanggal penggabungan usaha: merger date:
1 Februari/
February 2019
ASET ASSETS
Kas 23,195 Cash

Giro pada Bank Indonesia 6,793,162 Current accounts with Bank Indonesia
Giro pada bank-bank lain 4,472,780 Curent accounts with other banks
Efek-efek - bersih 4,390,582 Securities - net
Tagihan derivatif 786,398 Derivative receivables
Pinjaman yang diberikan - bersih 68,375,817 Loans - net
Tagihan akseptasi 2,658,516 Acceptance receivables
Penyertaan saham 22,500 Investment in shares
Beban dibayar dimuka 54,745 Prepayments
Pajak dibayar dimuka 61,988 Prepaid taxes
Aset tetap 145,056 Fixed assets
Aset takberwujud 106,267 Intangible assets
Aset lain-lain 59,817 Other assets
Jumlah aset 87,950,823 Total assets
15
PT BANK BTPN Tbk

b. Penggabungan usaha dengan PT Bank b. Merger with PT Bank Sumitomo Mitsui

Sumitomo Mitsui Indonesia (lanjutan) Indonesia (continued)
Simpanan nasabah 30,136,739 Deposits from customers

Simpanan dari bank lain 6,871,941 Deposits from other banks
Liabilitas akseptasi 1,974,482 Acceptance payables
Liabilitas derivatif 1,001,115 Derivative payables
Utang pajak 111,343 Taxes payable
Efek-efek yang diterbitkan 1,314,228 Securities issued
Pinjaman yang diterima 30,221,176 Borrowings
Akrual 30,860 Accruals
Liabilitas imbalan kerja karyawan - Employee benefits liabilities
Liabilitas pajak tangguhan 174,014 Deferred tax liabilities
Pinjaman subordinasi 6,108,270 Subordinated loans
Liabilitas lain-lain 252,521 Other liabilities
Jumlah liabilitas 78,196,689 Total liabilities
Jumlah aset bersih teridentifikasi 9,754,134 Total identifiable net assets
376
c. Perubahan Modal Karena Aksi Korporasi c. Changes in Capital Due to Corporate Action
Penawaran Umum Perdana Saham Initial Public Offering (IPO)

Berdasarkan Rapat Umum Pemegang Saham Based on Extraordinary General Meeting of

Luar Biasa (RUPSLB) tanggal 8 Juni 2007, para Shareholders (EGMS) dated 8 June 2007, the
pemegang saham menyetujui rencana shareholders approved the Initial Public
Penawaran Umum Saham Perdana Biasa Offering of Ordinary Shares plan to public
kepada masyarakat melalui pasar modal serta through capital market and listing of the Bank’s
melakukan pencatatan saham Bank di Bursa shares at Indonesia Stock Exchange.
Efek Indonesia.
Bank melakukan penawaran umum perdana The Bank undertook an initial public offering of
atas 267.960.220 saham dengan nilai nominal 267,960,220 shares with a nominal value of Rp
sebesar Rp 100 (nilai penuh) setiap saham 100 (full amount) per share with offering price
dengan harga penawaran setiap saham of Rp 2,850 (full amount) per share to the public
sebesar Rp 2.850 (nilai penuh) kepada in Indonesia. The shares was listed at
masyarakat di Indonesia. Saham tersebut Indonesia Stock Exchange on 12 March 2008.
dicatat di Bursa Efek Indonesia pada tanggal
12 Maret 2008.
Penambahan modal melalui Hak Memesan Increase of Capital through Pre-Emptive
Efek Terlebih Dahulu (“HMETD”) Right (“HMETD”)
Berdasarkan Rapat Umum Pemegang Saham Based on Extraordinary General Shareholders
Luar Biasa (“RUPSLB”) tanggal 25 November Meeting (“EGSM”) dated 25 November 2010,
2010, para pemegang saham menyetujui the shareholders approved the Bank’s plan to
rencana Bank untuk menambah modal increase the Bank’s share capital through the
sahamnya melalui penerbitan Hak Memesan issuance of Pre-Emptive Right I (“HMETD I”),
Efek Terlebih Dahulu I (“HMETD I”), dengan by issuing shares from the Bank’s unissued
cara mengeluarkan saham dari portepel Bank. shares.
16
PT BANK BTPN Tbk
(lanjutan) (continued)
Penambahan modal melalui Hak Memesan Increase of Capital through Pre-Emptive
Efek Terlebih Dahulu (“HMETD”) (Lanjutan) Right (“HMETD”) (Continued)
Pada tanggal 10 Desember 2010 telah On 10 December 2010, the Bank’s shares were
dicatatkan pada Bursa Efek Indonesia listed at the Indonesia Stock Exchange
sebanyak 188.787.238 saham baru atas nama with 188,787,238 new registered shares with
dengan nominal Rp 100 (nilai penuh) per saham value of Rp 100 (full amount) per share;
sehingga jumlah saham yang ditempatkan dan accordingly, the number of shares issued and
disetor penuh yang semula sebesar fully paid changed from 943,936,190 shares to
943.936.190 saham menjadi sejumlah 1,132,723,428 shares.
1.132.723.428 saham.
Bank mendapatkan tambahan modal disetor The Bank obtained Rp 18,878 additional share
sebesar Rp 18.878 dan agio saham sebesar capital and Rp 1,293,458 additional paid-in
Rp 1.293.458. capital.
Pemecahan saham Stock split
Berdasarkan RUPSLB tanggal 25 Februari Based on EGSM dated 25 February 2011, the
2011, para pemegang saham menyetujui shareholders approved the Bank’s plan to split 377
rencana Bank untuk melakukan pemecahan share from nominal value of Rp 100 (full
nilai nominal saham dari Rp 100 (nilai penuh) amount) per share to Rp 20 (full amount) per

per saham menjadi Rp 20 (nilai penuh) per share; accordingly, it changed the number of
saham, sehingga jumlah saham yang shares issued and fully paid from
ditempatkan dan disetor penuh yang semula 1,132,723,428 shares with nominal value of Rp
sebesar 1.132.723.428 saham dengan nilai 100 (full amount) per share to 5,663,617,140
nominal Rp 100 (nilai penuh) per saham akan shares with nominal value of Rp 20 (full
menjadi sejumlah 5.663.617.140 saham amount) per share.
dengan nilai nominal Rp 20 (nilai penuh) per
saham.
Pada tanggal 28 Maret 2011 saham Bank telah On 28 March 2011, the Bank’s shares were
dicatatkan pada Bursa Efek Indonesia listed at the Indonesia Stock Exchange for
sebanyak 5.606.980.970 saham dengan nilai 5,606,980,970 shares with nominal value of
nominal Rp 20 (nilai penuh) per saham. Rp 20 (full amount) per share.
Peningkatan modal melalui Convertible Capital increase through Convertible Loan

Loan
Pada tanggal 14 Maret 2012, Bank telah On 14 March 2012, the Bank obtained
mendapatkan persetujuan untuk meningkatkan an approval to increase issued and paid-up
modal ditempatkan dan modal disetor dengan capital by issuing 176,670,117 shares from the
mengeluarkan 176.670.117 saham baru dari Bank’s unissued shares to International
portepel kepada International Finance Finance Corporation (“IFC”) in accordance with
Corporation (“IFC”) sesuai dengan syarat dan terms and condition in the Convertible Loan
ketentuan Convertible Loan Agreement. Agreement. Afterwards, those Bank’s shares
Setelah itu, saham tersebut telah tercatat pada were listed at Indonesia Stock Exchange. Total
Bursa Efek Indonesia. Total modal disetor dan issued and paid-up capital of the Bank after the
ditempatkan Bank setelah Penambahan Modal Capital Increases without Pre-Emptive Rights
Tanpa Hak Memesan Efek Terlebih Dahulu was 5,840,287,257 shares.
menjadi 5.840.287.257 saham.
Bank mendapatkan tambahan modal disetor The Bank obtained Rp 3,533 additional share
sebesar Rp 3.533 dan agio saham sebesar capital and Rp 135,927 additional paid-in
Rp 135.927. capital.
17
PT BANK BTPN Tbk


Pembelian kembali saham Shares buyback
Melalui surat OJK No. S-20/PB.31/2016 The Bank was approved by OJK to conduct
tanggal 18 Februari 2016, Bank telah shares buyback through its letter No. S-
memperoleh persetujuan OJK untuk melakukan 20/PB.31/2016 dated 18 February 2016. In the
pembelian kembali (buyback) saham. Dalam implementation of shares buyback by the Bank,
pelaksanaan pembelian kembali saham yang the allocated fund up to Rp 535,500 to buy up
dikeluarkan oleh Bank, jumlah alokasi dana to 150,000,000 shares or 2.57% of the Bank’s
tidak melebihi Rp 535.500 untuk membeli issued and fully paid-up capital shall be done
sebanyak-banyaknya 150.000.000 saham atau between 23 February 2016 and 23 May 2016.
2,57% dari modal ditempatkan dan disetor Up to 23 May 2016, the Bank had repurchased
penuh Bank, yang akan dilakukan dalam 95,198,900 (full amount) shares using total
periode dari tanggal 23 Februari 2016 sampai purchasing fund amounting to Rp 262,874.
dengan 23 Mei 2016. Sampai dengan tanggal
23 Mei 2016, Bank telah membeli kembali
saham Bank sebanyak 95.198.900 lembar
saham (nilai penuh) dengan total dana
378 pembelian sebesar Rp 262.874.
Tujuan dari pembelian kembali saham adalah The objective of conducting shares buyback is
untuk memberikan fleksibilitas untuk mencapai to provide flexibility to achieve an efficient
struktur permodalan yang efisien dan capital structure and enable the Bank to lower
memungkinkan untuk menurunkan keseluruhan the overall cost of capital, increasing the
biaya modal, meningkatkan laba per saham Earnings per Share (EPS) and Return on Equity
(EPS), serta Return on Equity (ROE) secara (ROE) on an on-going basis.
berkelanjutan.
Pelaksanaan opsi saham Share option execution
Seperti yang dijelaskan di Catatan 28, Bank As explained in Note 28, the Bank provides
memberikan program pembayaran berbasis share-based payment program to certain
saham untuk personel manajemen dan management personnel and employees
karyawan tertentu (“Program MESOP 2015- (“MESOP 2015-2020 Program” and “ESOP
2020” dan “Program ESOP 2016-2021”). 2016-2021 Program”).
Sehubungan dengan Periode Pelaksanaan In relation to the Exercise Period of MESOP

Program MESOP 2015-2020, terdapat 2015-2020 Program, there were 2 exercise
2 periode pelaksanaan yang berlangsung periods during 2019, in which each period
selama tahun 2019, yang setiap periodenya commenced from 6 May 2019 (Period V) as
dimulai sejak tanggal 6 Mei 2019 (Periode V) well as 2 December 2019 (Period VI), for
dan 2 Desember 2019 (Periode VI), masing- 30 trading days each.
masing selama 30 hari bursa.
Sehubungan dengan Periode Pelaksanaan In relation to the Exercise Period of ESOP

Program ESOP 2016-2021, terdapat 2 periode 2016-2021 Program, there were 2 exercise
pelaksanaan yang berlangsung selama tahun periods during 2020, in which each period
2020, yang setiap periodenya dimulai sejak commenced from 1 June 2020 (Period V) and
tanggal 1 Juni 2020 (Periode V) dan 17 December 2020 (Period VI), for 30 trading
17 Desember 2020 (Periode VI), masing- days each.
Sehubungan dengan Periode Pelaksanaan In relation to the Exercise Period of ESOP
Program ESOP 2016-2021, terdapat 3 periode 2016-2021 Program, there were 3 exercise
pelaksanaan yang berlangsung selama tahun periods during 2019, in which each period
2019, yang setiap periodenya dimulai sejak commenced from 17 December 2018 (Period
tanggal 17 Desember 2018 (Periode II), II), 28 May 2019 (Period III) as well as
28 Mei 2019 (Periode III) dan 19 December 2019 (Period IV), for 30 trading
19 Desember 2019 (Periode IV), masing- days each.
18
PT BANK BTPN Tbk

Pelaksanaan opsi saham (lanjutan) Share option execution (continued)
Total opsi saham yang dieksekusi selama tahun Total options exercised during 2020 were 3,000
2020 adalah 3.000 lembar saham. Total opsi shares. Options exercised up to 31 December
saham yang dieksekusi sampai dengan tanggal 2019 from ESOP Program 2016-2021 were
31 Desember 2019 atas Program ESOP 2016- 11,795,500 shares being issued at price of
2021 adalah 11.795.500 lembar saham yang Rp 20 per share. The share price at execution
diterbitkan pada harga sebesar Rp 20 per date amounted to Rp 2,617 per share.
lembarnya. Harga saham pada saat eksekusi
adalah sebesar Rp 2.617 per lembar.
Perubahan modal disetor terkait periode The changes of paid-up capital in connection to
pelaksanaan Program MESOP 2015-2020 dan exercise period of MESOP Program 2015-2020
ESOP 2016-2021 sampai dengan tanggal and ESOP Program 2016-2021 up to
31 Desember 2019 sebagaimana disebut di 31 December 2019 as mentioned in the
paragraf sebelumnya telah dituangkan ke previous paragraph had been stipulated in the
dalam Akta Pernyataan Keputusan di Luar Deed of Circular Resolutions of the Board of
Rapat Dewan Komisaris PT Bank BTPN Tbk Commissioners of PT Bank BTPN Tbk No. 29
No. 29 tanggal 12 Agustus 2019, yang dibuat dated 12 August 2019, made by Ashoya
oleh Notaris Ashoya Ratam, S.H., M.Kn., Ratam, S.H., M.Kn., Notary in Administrative 379
Notaris di Kota Administrasi Jakarta Selatan City of South Jakarta and had been received
dan telah diterima dan dicatat di dalam Sistem and recorded in Legal Entity Administration

Administrasi Badan Hukum melalui Surat System through Decree Letter of Minister of
Keputusan Menteri Hukum dan Hak Asasi Law and Human right of the Republic of
Manusia Republik Indonesia No. AHU- Indonesia No. AHU-AH.01.03-0318547 dated
AH.01.03-0318547 tanggal 23 Agustus 2019 23 August 2019 regarding Acceptance of
perihal Penerimaan Pemberitahuan Perubahan Notification of Amendment of Articles of
Anggaran Dasar. Association.
Sampai dengan tanggal 31 Desember 2020 dan Up to 31 December 2020 and 2019, the Bank
2019, Bank mendapatkan tambahan modal obtained Rp 236 additional share capital and
disetor sebesar Rp 236 dan agio saham Rp 30,633 additional paid-in capital.
sebesar Rp 30.633.
d. Efek-efek yang diterbitkan d. Securities issued
Surat utang jangka menengah Medium term notes
Tanggal
Pernyataan Jumlah jatuh Tingkat
efektif/ pokok/ Jangka tempo/ bunga/
Effective Persetujuan/ Nominal waktu/ Maturity Interest
Nama/Name notification Approval value Tenor date rate
Medium Term Notes (“MTN”) 14 Juni/June Dinyatakan efektif oleh 1,302,000 3 tahun/years 14 Juni/June 8.25%
II Bank Sumitomo Mitsui 2017 Kustodian Sentral Efek 2020
Indonesia Indonesia sebagaimana
dinyatakan dalam Sertifikat
Jumbo MTN No. SMBC-
I/02/MF3/0617/Became
effective by the Indonesia
Central Securities
Depository as stated in
Sertifikat Jumbo MTN
No. SMBC-I/02/MF3/0617
MTN tersebut diterbitkan oleh PT Bank This MTN was issued by PT Bank Sumitomo
Sumitomo Mitsui Indonesia sebelum dilakukan Mitsui Indonesia before merger with the Bank.
penggabungan usaha dengan Bank.
PT Bank Mega Tbk bertindak sebagai Wali PT Bank Mega Tbk acts as the Trustee for all
Amanat atas seluruh MTN yang diterbitkan MTN issued by the Bank.
Bank.
19
PT BANK BTPN Tbk


d. Efek-efek yang diterbitkan (lanjutan) d. Securities issued (continued)
Utang obligasi Bonds payable
Tingkat
Tanggal bunga
Pernyataan Jumlah jatuh setahun/
efektif/ pokok/ Jangka tempo/ Interest
Effective Persetujuan/ Nominal waktu/ Maturity rate per
Nama/Name registration Approval value Tenor date annum
Obligasi Berkelanjutan III 27 Juni/June Dinyatakan efektif oleh Seri/Series B: Seri/Series B: 1 Juli/July 8.00%
Bank BTPN Tahap I Tahun 2016 OJK, melalui suratnya 300,000 3 tahun/years 2019
2016 Dengan Tingkat Bunga No.S-325/D.04/2016/OJK
Tetap (“Obligasi tanggal 27 Juni 2016/
Berkelanjutan III Tahap I”)/ Became effective by OJK
Bank BTPN Continuing by its letter No.
Bonds III Phase I Year 2016 S-325/D.04/2016 dated
with a fixed interest rate 27 June 2016
(“Continuing Bonds III Phase
I”)
Obligasi Berkelanjutan III 27 Juni/June Dinyatakan efektif oleh Seri/ Series A: Seri/Series A: 27 Oktober/ 6.60%
380 Bank BTPN Tahap II Tahun
2017 Dengan Tingkat Bunga
2016 OJK bersamaan dengan
surat efektif Obligasi
600,000 370 hari/days October
2018
Tetap (“Obligasi Berkelanjutan III Tahap I/
Berkelanjutan III Tahap II”)/ Became effective by the
Bank BTPN Continuing OJK in conjuctoin with Seri/Series B: Seri/Series B: 17 Oktober/ 7.50%
Bonds III Phase II Year 2017 effective letter of 900,000 3 tahun/years October
with a fixed interest rate Continuance Bonds III 2020
(“Continuing Bonds III Phase Phase I
II”)
Obligasi Berkelanjutan IV 26 November/ Dinyatakan efektif oleh Seri/Series A: Seri/Series A: 26 7.55%

Bank BTPN Tahap I Tahun November OJK, melalui suratnya 799.000 3 tahun/years November/
2019 Dengan Tingkat Bunga 2019 No. S-168/D.04/2019 November
Tetap (“Obligasi tanggal 15 November 2022
Berkelanjutan IV Tahap I”)/ 2019/ Became effective by
Bank BTPN Continuing OJK by its letter No.
Bonds IV Phase I Year 2019 S-168/D.04/2019 dated Seri/Series B: Seri/Series B: 26 7.75%
with a fixed interest rate 15 November 2019 201.000 5 tahun/years November/
(“Continuing Bonds IV Phase November
I”) 2024
Seluruh utang obligasi yang diterbitkan Bank All bonds payable issued by the Bank were
dicatatkan di Bursa Efek Indonesia dan listed at the Indonesia Stock Exchange and the
dananya dipergunakan untuk pertumbuhan funds are used for business growth in form of
usaha dalam bentuk ekspansi kredit. credit expansion.
PT Bank Permata Tbk bertindak sebagai Wali PT Bank Permata Tbk acts as the Trustee for
Amanat atas Obligasi Berkelanjutan III Tahap I Continuing Bonds III Phase I and continuing
dan Obligasi Berkelanjutan III Tahap II dan Bonds III Phase II, and PT Bank Mega Tbk acts
PT Bank Mega Tbk bertindak sebagai Wali as the Trustee for Continuing Bonds IV
Amanat atas Obligasi Berkelanjutan IV Tahap I. Phase I.
20
PT BANK BTPN Tbk
e. Dewan Komisaris, Dewan Direksi, Komite e. Board of Commissioners, Board of

Audit, Sekretaris Perusahaan dan Satuan Directors, Audit Committee, Corporate
Kerja Audit Internal Secretary and Internal Audit Unit
Pada tanggal 31 Desember 2020 dan 2019 As of 31 December 2020 and 2019 the
susunan Dewan Komisaris dan Dewan Direksi composition of Board of Commissioners and
Bank adalah sebagai berikut: Board of Directors was as follows:
Dewan Komisaris Board of Commissioners

Komisaris Utama1) Chow Ying Hoong Mari Elka Pangestu President Commissioner 1)
Wakil Komisaris - Chow Ying Hoong Vice President
Utama2) Commissioner 2)
Komisaris Takeshi Kimoto Takeshi Kimoto Commissioner
Komisaris Ninik Herlani Masli Ridhwan Ninik Herlani Masli Ridhwan Commissioner (Independent)
(Independen)
Komisaris Irwan Mahjudin Habsjah Irwan Mahjudin Habsjah Commissioner (Independent)
(Independen)
Komisaris Edmund Tondobala3) - Commissioner(Independent)
(Independen)
Direksi Board of Directors

Direktur Utama Ongki Wanadjati Dana Ongki Wanadjati Dana President Director
Wakil Direktur Kaoru Furuya4) Kazuhisa Miyagawa Deputy President Director
Utama 381
Wakil Direktur Utama Darmadi Sutanto5) - Deputy President Director
Direktur Kepatuhan Dini Herdini Dini Herdini Compliance Director
Direktur Yasuhiro Daikoku Yasuhiro Daikoku Director
Direktur Henoch Munandar Henoch Munandar

Director
Direktur Adrianus Dani Prabawa Adrianus Dani Prabawa Director
Direktur Hiromichi Kubo Hiromichi Kubo Director
Direktur Merisa Darwis Merisa Darwis Director
Direktur Hanna Tantani Hanna Tantani Director
1) 1)
Chow Ying Hoong semula menjabat sebagai Wakil Komisaris Utama, Chow Ying Hoong who was officiated as Vice President Commissioner,
kemudian diangkat sebagai Komisaris Utama Bank dengan Rapat Umum appointed as the President Commissioner by Extraordinary General Meeting of
Pemegang Saham Luar Biasa (RUPSLB) pada dan efektif menjabat pada Shareholders (EGMS) on and effective as of 18 November 2020. Therefore, the
tanggal 18 November 2020. Dengan demikian, jabatan Komisaris Utama position of President Commissioner is no longer carried by an independent
tidak lagi dipegang oleh komisaris independen. commissioner.
2) 2)
Sesuai perubahan Anggaran Dasar yang disetujui RUPSLB pada tanggal 18 According to the amendment of the Articles of Association as approved by
November 2020, jabatan Wakil Komisaris Utama ditiadakan. EGMS on 18 November 2020, the position of Vice President Commissioner was
removed.
3) 3)
Edmund Tondobala diangkat sebagai Komisaris Independen Bank dengan Edmund Tondobala was appointed as the Independent Commissioner of the
RUPSLB pada dan efektif menjabat pada tanggal 18 November 2020. Bank by EGMS on and effective as of 18 November 2020.
4) 4)
Kaoru Furuya diangkat sebagai Wakil Direktur Utama Bank dengan Kaoru Furuya was appointed as Deputy President Director of the Bank by
RUPSLB pada tanggal 18 November 2020 dan akan efektif menjabat setelah EGMS on 18 November 2020 and will be effective upon obtaining working
memperoleh ijin kerja dari Kementerian Tenaga Kerja Republik Indonesia. permit from the Ministry of Manpower of the Republic of Indonesia.
5) 5)
Darmadi Sutanto diangkat sebagai Wakil Direktur Utama Bank dengan Darmadi Sutanto was appointed as Deputy President Director of the Bank by
RUPSLB pada tanggal 23 April 2020 dan efektif menjabat pada tanggal 14 EGMS on 23 April 2020 and effective as of 14 May 2020.
Mei 2020.
Susunan Komite Audit Bank pada tanggal The composition of the Audit Committee as of
31 Desember 2020 dan 2019 terdiri dari: 31 December 2020 and 2019 was as follows:
Ketua Ninik Herlani Masli Ridhwan Ninik Herlani Masli Ridhwan Chairman
Anggota Edmund Tondobala - Member

Anggota Kanaka Puradiredja Kanaka Puradiredja Member
Anggota Ivan Purnama Sanoesi Ivan Purnama Sanoesi Member
21
PT BANK BTPN Tbk

e. Dewan Komisaris, Direksi, Komite Audit, e. Board of Commissioners, Board of

Sekretaris Perusahaan dan Satuan Kerja Directors, Audit Committee, Corporate
Audit Internal (lanjutan) Secretary and Internal Audit Unit (continued)
Sekretaris Perusahaan Corporate Secretary
Sekretaris Perusahaan pada tanggal The Corporate Secretary as of

31 Desember 2020 adalah Eneng Yulie 31 December 2020 was Eneng Yulie Andriani
Andriani dan pada tanggal 31 Desember 2019 and as of 31 December 2019 was Dini Herdini.
adalah Dini Herdini.
Satuan Kerja Audit Internal Internal Audit Unit
Kepala Satuan Kerja Audit Internal pada Head of Internal Audit as of

tanggal 31 Desember 2020 dan 2019 adalah 31 December 2020 and 2019 was
Noerhajati Soerjo Hadi. Noerhajati Soerjo Hadi.
f. Entitas Anak f. Subsidiary

Bank mempunyai kepemilikan langsung pada The Bank has direct ownership in the following
Entitas Anak sebagai berikut: Subsidiary:
382
Tahun
Persentase kepemilikan/ mulai operasi Jumlah aset/
Percentage of ownership komersial/ Total assets
year of
Bidang usaha/ starting
Entitas Anak/ Domisili/ Business 31 Desember/ 31 Desember/ commercial 31 Desember/ 31 Desember/
Subsidiary Domicile activities December 2020 December 2019 operations December 2020 December 2019

(dahulu/formerly PT Bank
Tabungan Pensiunan Perbankan/
Nasional Syariah Tbk) Jakarta Banking 70% 70% 2014 16,435,005 15,383,038
Entitas Anak berkantor pusat di Menara BTPN, The head office of Subsidiary is located at
lantai 12, CBD Mega Kuningan, Jl. Dr. Ide Anak Menara BTPN 12th floor, CBD Mega Kuningan,
Agung Gde Agung Kav 5.5 - 5.6, Jakarta Jl. Dr. Ide Anak Agung Gde Agung Kav 5.5 - 5.6,
Selatan 12950. Jakarta Selatan 12950.
Pada tanggal 19 Juli 2013, Bank Indonesia On 19 July 2013, Bank Indonesia approved the
menyetujui rencana Bank untuk melakukan Bank’s plan to acquire 70% shares of PT Bank
akuisisi sebesar 70% saham PT Bank Sahabat Sahabat Purba Danarta (“BSPD”) through its
Purba Danarta (”BSPD”) melalui suratnya letter No. 15/10/DPBI/PBI-5/rahasia which is
No. 15/10/DPBI/PBI-5/Rahasia dengan syarat subject to the change of BSPD’s business
dilakukan perubahan atas kegiatan usaha dari activites from a conventional bank into a
BSPD yang semula merupakan bank commercial bank under sharia principles.
konvensional menjadi bank umum berdasarkan
prinsip syariah.
Berdasarkan Akta Notaris No. 26 dan No. 27 Based on Notarial Deed No. 26 and No. 27
tanggal 30 Januari 2014 yang dibuat di dated 30 January 2014 before Hadijah S.H.,
hadapan Hadijah S.H., M.Kn, notaris di Jakarta, M.Kn., notary in Jakarta, the Bank has acquired
Bank telah melakukan akuisisi atas Entitas the Subsidiary and has become the majority
Anak dan menjadi pemegang saham shareholder. It was acknowledged by the
mayoritas. Hal ini telah diketahui oleh Ministry of Law and Human Rights of Republic
Kementerian Hukum dan Hak Asasi Manusia Indonesia through its letter No. AHU-AH.01.10-
Republik Indonesia melalui surat No. AHU- 04338 dated 12 February 2014.
AH.01.01-04338 tertanggal 12 Februari 2014.
22
PT BANK BTPN Tbk

f. Entitas Anak (lanjutan) f. Subsidiary (continued)
Pemisahan Unit Usaha Syariah The Spin off of Sharia Business Unit
Pada tanggal 20 Januari 2014, Rapat Umum On 20 January 2014, the Bank’s Extraordinary
Pemegang Saham Luar Biasa Bank yang General Meeting of Shareholders which was
diaktakan dengan Akta Notaris No. 8 tanggal notarised by Notarial Deed No. 8 dated 4 July
4 Juli 2014 di hadapan Hadijah, S.H., M.Kn., 2014 before Hadijah, S.H., M.Kn., notary in
notaris di Jakarta dan telah menyetujui Jakarta approved the spin-off of the sharia
pemisahan Unit Usaha Syariah PT Bank business unit of PT Bank Tabungan Pensiunan
Tabungan Pensiunan Nasional Tbk (“UUS Nasional Tbk (“UUS BTPN”) from PT Bank
BTPN”) dari PT Bank Tabungan Pensiunan Tabungan Pensiunan Nasional Tbk (“BTPN”).
Nasional Tbk (“BTPN”). Pemisahan dilakukan The spin-off was made with reference to Bank
dengan mengacu kepada Peraturan Bank Indonesia Regulation No.11/10/PBI/2009 which
Indonesia No. 11/10/PBI/2009 yang telah has been amended by PBI No. 15/14/PBI/2013
diubah dengan PBI No. 15/14/PBI/2013 tentang regarding Sharia Business Unit. The
Unit Usaha Syariah. Pendirian tersebut telah establishment has been approved by Bank
disetujui oleh Bank Indonesia melalui dua Indonesia in two stages, i.e. the approval of the
tahap, yaitu persetujuan izin konversi dan izin conversion permit and spin-off permit.
pemisahan.
Proses Konversi Ijin Usaha The Conversion of the license of business
Pada tanggal 22 Mei 2014, Bank telah On 22 May 2014, the Subsidiary received its 383
mendapatkan izin dari Bank Indonesia untuk permit from Bank Indonesia regarding
melaksanakan konversi BSPD berdasarkan conversion of BSPD based on the Decision
Surat Keputusan Dewan Komisioner Otoritas

Letter of Board of Commissioner of Otoritas
Jasa Keuangan (“OJK”) No.Kep-49/D-03/2014. Jasa Keuangan (“OJK”) No.Kep-49/D-03/2014.
Izin tersebut mengubah kegiatan usaha Entitas The permit changed the Subsidiary’s business
Anak dari bank umum konvensional menjadi activities from conventional commercial bank to
bank umum yang melaksanakan kegiatan commercial bank which conducts business
usaha berdasarkan prinsip syariah. activities based on sharia principles.
Pada tanggal 23 Juni 2014, Entitas Anak On 23 June 2014, the Subsidiary received its
memperoleh izin pemisahan dari OJK spin-off permit from OJK based on the Letter
berdasarkan Surat No: S-17/PB.1/2014. No: S - 17/PB.1/2014. The spin-off of UUS
Pemisahan UUS BTPN dilakukan dengan Akta BTN was made under Spin-off Deed No. 8
Pemisahan No. 8 tanggal 4 Juli 2014 yang dated 4 July 2014 and was notarised by
dibuat di hadapan Hadijah, S.H., M.Kn., notaris Hadijah, S.H., M.Kn., notary in Jakarta.
di Jakarta. Selanjutnya, pemisahan terjadi Furthermore, the spin-off became effective on
secara efektif pada tanggal 14 Juli 2014 dan 14 July 2014 and the Subsidiary started its
Entitas Anak memulai kegiatan usaha operational activity based on sharia principles,
berdasarkan prinsip syariah, sebagaimana as reported to Bank Indonesia through
yang dilaporkan kepada Bank Indonesia its letter No. S.031/DIR/LG/VII/2014 dated
dengan surat No. S.031/DIR/LG/VII/2014 17 July 2014 regarding the Report on the
tanggal 17 Juli 2014 perihal Laporan Implementation of the Opening of Sharia
Pelaksanaan Pembukaan Bank Umum Syariah Commercial Bank Resulting from the Spin-Off.
Hasil Pemisahan.
Perubahan Nama Entitas Anak The Change of name of the Subsidiary
Berdasarkan Akta Notaris No. 25 tanggal Pursuant to the Notarial Deed No. 25 dated
27 Agustus 2013 juncto Akta Notaris No. 30 27 August 2013 juncto Notarial Deed No. 30
tanggal 25 September 2013 keduanya dibuat di dated 25 September 2013 before Hadijah, S.H.,
hadapan Notaris Hadijah, S.H., M.Kn., BSPD M.Kn., BSPD changed its name to PT Bank
mengubah namanya menjadi PT Bank Tabungan Pensiunan Nasional Syariah. The
Tabungan Pensiunan Nasional Syariah. above change was approved by the Minister of
Perubahan di atas telah mendapat persetujuan Law and Human Rghts of the Republic of
dari Menteri Hukum dan Hak Asasi Manusia Indonesia through its letter No. AHU-
Republik Indonesia melalui Surat Keputusan 50529.AH.01.02 Year 2013 dated 1 October
No. AHU-50529.AH.01.02 Tahun 2013 tanggal 2013 and has been published in State Gazette
1 Oktober 2013 dan telah diumumkan dalam No.94 year 2013, in supplement of the State
Berita Negara Republik Indonesia Nomor 94 Gazette No. 124084 dated 22 November 2013.
tahun 2013, tambahan Berita Negara Republik
Indonesia No. 124084 tanggal 22 November
2013.
23
PT BANK BTPN Tbk

Perubahan Nama Entitas Anak (lanjutan) The Change of name of the Subsidiary
(continued)
Entitas Anak mengubah kembali namanya The Subsidiary further changed its name to PT
menjadi PT Bank BTPN Syariah Tbk Bank BTPN Syariah Tbk pursuant to the
sebagaimana didasarkan pada Akta No. 26 Notarial Deed No. 26 dated 16 April 2020,
tanggal 16 April 2020, yang dibuat di hadapan before Ashoya Ratam, SH, MKn, Notary in
Ashoya Ratam, S.H., M.Kn., Notaris di Jakarta Administrative City of South Jakarta, which was
Selatan, yang telah mendapat persetujuan dari approved by the Minister of Law and Human
Kementerian Hukum dan Hak Asasi Manusia Rights of the Republic of Indonesia through its
Republik Indonesia berdasarkan Surat No. letter No. AHU- 0034666.AH.01.02.TAHUN
AHU-0034666.AH. 01.02.TAHUN 2020 tanggal 2020 dated 8 May 2020 and the Letter of
8 Mei 2020, dan Surat Penerimaan Acceptance of the amendment to the Articles of
Pemberitahuan Perubahan Anggaran Dasar Association No. No. AHU-AH.01.03-0214020
No. AHU-AH.01.03-0214020 tanggal 8 Mei dated 8 May 2020, The change of name of the
2020, dan telah mendapatkan persetujuan BTPNS has been approved based on the letter
Perubahan Nama ini berdasarkan Surat dari from the Financial Services Authority (OJK)
Otoritas Jasa Keuangan (OJK) nomor S- number S-66/PB.101/2020 dated 4 June 2020
66/PB.101/2020 tanggal 4 Juni 2020 perihal concerning the determination of the use of
Permohonan Penetapan Penggunaan Izin Business Lisence on behalf PT Bank Tabungan
Usaha karena Perubahan Nama PT Bank Pensiunan Nasional Syariah Tbk into PT Bank
384 Tabungan Pensiunan Nasional Syariah Tbk BTPN Syariah Tbk and the Copy of Approval of
menjadi PT Bank BTPN Syariah Tbk dan Deputi Komisioner Pengawas Perbankan I OJK
Salinan Keputusan Deputi Komisioner Number KEP-99/PB.1/2020 dated 4 July 2020.
Pengawas Perbankan I OJK Nomor KEP-
99/PB.1/2020 tanggal 4 Juli 2020.
Anggaran Dasar The Articles of Association

Setelah menjadi Bank Umum Syariah, Entitas The Subsidiary’s Articles of Association have
Anak telah melakukan beberapa kali perubahan been amended several times, upon became
Anggaran Dasar. Perubahan terakhir Anggaran Sharia Commercial Bank. The latest
Dasar Perseroan sebagaimana tercantum amendement of the Articles of Association of
dalam Akta No. 26 tanggal 16 April 2020, yang the Bank was stated in deed No. 26 dated
dibuat di hadapan Ashoya Ratam, S.H., M.Kn., 16 April 2020, which was notarised by Ashoya
notaris di Jakarta. Akta tersebut telah Ratam, S.H., M.Kn., notary in Jakarta. The deed
memperoleh persetujuan Menteri Hukum dan was approved by Minister of Law and Human
Hak Asasi Manusia Republik Indonesia Rights of the Republic of Indonesia through its
berdasarkan Keputusan No. AHU- letter No AHU-0034666.AH.01.02. Year 2020
0034666.AH.01.02.Tahun 2020 tanggal 8 Mei dated 8 May 2020 and the Letter of Acceptance
2020 dan Surat Penerimaan Pemberitahuan of the amendment to Articles of Association No.
Perubahan Anggaran Dasar No. AHU- AHU-AH.01.03-0214020 dated 8 May 2020.
AH.01.03-0214020 tanggal 8 Mei 2020.
Susunan Dewan Direksi, Dewan Komisaris The Composition of The Directors, The
dan Dewan Pengawas Syariah Board of Commissioners and The Sharia
Supervisory Board
Susunan Dewan Direksi, Dewan Komisaris dan The latest composition of the Board of
Dewan Pengawas Syariah terakhir Entitas anak Directors, the Board of Commissioners and the
sebagaimana dituangkan ke dalam Akta Nomor Sharia Supervisory Board of the Subsidiary as
03 tanggal 4 Juni 2020 yang dibuat oleh Ashoya specified in the Deed Number 03 dated
Ratam, SH, MKn, Notaris di Kota Administrasi 4 June 2020 made by Ashoya Ratam, SH, MKn,
Jakarta Selatan dan telah diterima dan dicatat Notary in Administrative City of South Jakarta
di dalam Sistem Administrasi Badan Hukum and has been received and recorded in Legal
melalui Surat Keputusan Menteri Hukum dan Entity Administration System through Decree
Hak Asasi Manusia Republik Indonesia Nomor Letter of Minister of Law and Human Rights of
No. AHU-AH.01.03-0236605 tanggal 5 Juni the Republic of Indonesia Number No. AHU-
2020 perihal Penerimaan Pemberitahuan AH.01.03-0236605 dated 5 June 2020
Perubahan Data Perseroan PT Bank BTPN regarding Acceptance of Notification of the
Syariah Tbk. Company’s Data Changes of PT Bank BTPN
Syariah Tbk.
24
PT BANK BTPN Tbk

Maksud dan Tujuan serta Kegiatan Usaha The Objectives and Scope of Activities
Sesuai dengan pasal 3 Anggaran Dasar Entitas In accordance with article 3 of the Subsidiary’s
Anak, maksud dan tujuan serta kegiatan Entitas Article of Association, the Subsidiary’s objective
Anak adalah melakukan kegiatan usaha di and scope of activities is to engage in banking
bidang perbankan berdasarkan prinsip syariah. industry based on sharia principles.
Penawaran Umum Perdana Saham Initial Public Offering
Berdasarkan Rapat Umum Pemegang Saham Pursuant to the Subsidiary’s Circular Resolution
Luar Biasa (RUPSLB) Entitas Anak yang of the Shareholders in lieu of the Extraordinary
dilakukan melalui surat edaran resolusi General Meeting of Shareholders (EGMS) dated
pemegang saham pada tanggal 16 November 2017, the shareholders approved
16 November 2017, para pemegang saham the plan to conduct Initial Public Offering of
menyetujui rencana Penawaran Umum Saham Ordinary Shares to public through capital market
Perdana Biasa kepada masyarakat melalui and listing of the Subsidiary’s shares at the
pasar modal serta melakukan pencatatan Indonesia Stock Exchange. On 25 April 2018,
saham Bank di Bursa Efek Indonesia. Pada the Subsidiary obtained the effective notification
tanggal 25 April 2018, Entitas Anak from OJK through letter No. S-36/D-04/2018 for
memperoleh pernyataan efektif dari OJK this initial public offering.
dengan surat No. S-36/D-04/2018 untuk
penawaran umum saham perdana tersebut.
385
Entitas Anak melakukan penawaran umum The Subsidiary undertook an initial public
perdana atas 770.370.000 saham dengan nilai offering of 770,370,000 shares with a nominal
nominal sebesar Rp 100 (nilai penuh) setiap value of Rp 100 (full amount) per share with

saham dengan harga penawaran setiap saham offering price of Rp 975 (full amount) per share
sebesar Rp 975 (nilai penuh) kepada to the public in Indonesia. The shares were listed
masyarakat di Indonesia. Saham tersebut at the Indonesia Stock Exchange on
dicatat di Bursa Efek Indonesia pada tanggal 8 May 2018. The funds received by the
8 Mei 2018. Dana yang diterima oleh Entitas Subsidiary from the initial public offering
Anak atas penawaran umum perdana adalah amounting to Rp 735,020 (net of issuance costs
sebesar Rp 735.020 (setelah biaya emisi dan and tax).
pajak).
Atas tambahan saham yang diterbitkan In relation to the additional shares issued in
sehubungan dengan penawaran umum connection with the initial public offering of the
perdana Entitas Anak kepada publik, jumlah Subsidiary to the public, the Bank's ownership in
kepemilikan Bank atas Entitas Anak menurun the Subsidiary decreased from 70% to 63%.
dari 70% menjadi 63%.
Akuisisi dari kepentingan non-pengendali Acquisition of non-controlling interest of
pada Entitas Anak Subsidiary
Pada tanggal 11 Mei 2018, Bank mengakuisisi On 11 May 2018, the Bank acquired 7% shares
7% saham atas Entitas Anak dengan imbalan of Subsidiary for a purchase consideration of Rp
pembelian sebesar Rp 550.045. Kepentingan 550,045. The non-controlling interest in
non-pengendali Entitas Anak pada tanggal Subsidiary on the date of acquisition was Rp
akuisisi adalah Rp 525.778. Dengan demikian, 525,778. Therefore, the Bank’s ownership in the
kepemilikan Bank atas Entitas Anak kembali Subsidiary became 70%. The effect of changes
menjadi 70%. Dampak perubahan atas in the ownership interest of Subsidiary was as
kepemilikan saham Entitas Anak adalah follows:
sebagai berikut:
2018
Kepentingan non-pengendali yang diakuisisi 525,778) Non-controlling interest acquired
Imbalan yang dibayarkan kepada kepentingan

non-pengendali (550,045) Consideration paid to non-controlling interest
Selisih lebih imbalan uang dibayarkan yang Excess of consideration

(24,267)
diakui pada ekuitas Bank paid as recorded in the Bank’s equity
25
PT BANK BTPN Tbk


Akuisisi dari kepentingan non-pengendali (ii) Acquisition of non-controlling interest of

pada Entitas Anak (lanjutan) Subsidiary (continued)
Dampak transaksi dengan kepentingan non- Effects of transactions with non-controlling
pengendali pada ekuitas adalah sebagai interests on the equity was as follows:
berikut:
2018
Perubahan pada ekuitas: ) Changes in equity:

- Dampak atas penawaran umum
perdana 209,242) Effect on initial public offering -
- Akuisisi saham tambahan pada Acquisition of additional interest in -
Entitas Anak (24,267) Subsidiary
Dampak bersih pada ekuitas 184,975) Net effect in equity
Pembagian dividen Entitas Anak Dividend distribution by Subsidiary

Entitas Anak membagikan dividen kepada para The Subsiadiary distributed dividend to
pemegang saham sebesar Rp 328.337 atau shareholders amounting Rp 328,337 or Rp 45
386 Rp 45 per lembar saham. Dividen tunai yang per share. Cash dividend was paid at the
dibayarkan senilai Rp 346.554 dengan pajak amount of Rp 346,554 with tax on dividend
dividen sebesar Rp 18.217. Pada tanggal amounting to Rp 18,217. On 20 May 2020,
20 Mei 2020, PT Kustodian Sentral Efek PT Kustodian Sentral Efek Indonesia
Indonesia telah melakukan distribusi dividen distributed the Subsidiary’s cash dividend to
tunai kepada daftar pemegang saham pada list of shareholders as of 28 April 2020.
tanggal 28 April 2020.
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING

PENTING POLICIES
Kebijakan-kebijakan akuntansi yang penting, yang The significant accounting policies, applied in the
diterapkan dalam penyusunan laporan keuangan preparation of the Bank’s consolidated financial
konsolidasian Bank tanggal dan tahun yang statements as of and for the years ended
berakhir pada tanggal 31 Desember 2020 dan 2019, 31 December 2020 and 2019, are as follows:
adalah sebagai berikut:
a. Pernyataan Kepatuhan a. Statement of Compliance
Laporan keuangan konsolidasian Bank disusun The Bank’s consolidated financial statements
dan disajikan sesuai dengan Standar Akuntansi have been prepared and presented in
Keuangan (“SAK”) di Indonesia. accordance with Indonesian Financial
Accounting Standards (“SAK”).
Laporan keuangan konsolidasian juga disusun These consolidated financial statements have
dan disajikan sesuai dengan peraturan Badan also been prepared and presented in
Pengawas Pasar Modal dan Lembaga accordance with Capital Market and Financial
Keuangan (“BAPEPAM-LK” yang fungsinya Intstitutions Supervisory Agency (“BAPEPAM-
dialihkan kepada OJK sejak tanggal LK”, whose function has been transferred to
1 Januari 2013) No. VIII.G.7 yang merupakan OJK starting 1 January 2013) rule No. VIII.G.7,
lampiran keputusan ketua BAPEPAM-LK No. Appendix of the Decree of the Chairman of the
KEP 347/BL/2012 tanggal 25 Juni 2012 tentang BAPEPAM-LK No. KEP-347/BL/2012 dated
“Penyajian dan Pengungkapan Laporan 25 June 2012 regarding “Financial Statements
Keuangan Emiten atau Perusahaan Publik”. Presentation and Disclosure of the Issuer or
Public Company”.
Laporan keuangan konsolidasian ini yang These consolidated financial statements which
merupakan konsolidasian dari laporan represent the consolidation of the financial
keuangan Bank dan Entitas Anak (secara statements of the Bank and its subsidiary
bersama-sama disebut “Bank dan Entitas Anak” (together referred to as the “Bank and
dan Bank secara individu disebut “Bank”) telah Subsidiary” and the Bank individually as the
disetujui untuk diterbitkan oleh direksi pada “Bank”), were authorized for issuance by the
tanggal 26 Februari 2021. Board of Directors on 26 February 2021.
Laporan keuangan konsolidasi ini disajikan These consolidated financial statements are
dalam bahasa Indonesia dan Inggris. Dalam hal presented in Indonesian and English
terdapat perbedaan penafsiran akibat languages. Should there be any difference in
penerjemahan bahasa, maka yang digunakan interpretation due to translation, the Indonesian
sebagai acuan adalah dalam Bahasa version shall prevail.
Indonesia.
26
PT BANK BTPN Tbk

PENTING (lanjutan) POLICIES (continued)
b. Dasar Penyusunan Laporan Keuangan b. Basis for Preparation of Consolidated

Konsolidasian Financial Statements
Laporan keuangan konsolidasian ini disajikan Figures in these consolidated financial
dalam Rupiah, yang merupakan mata uang statements are presented in Rupiah, which is
fungsional Bank. Kecuali dinyatakan secara the Bank’s functional currency. Unless
khusus, informasi keuangan yang disajikan otherwise stated, financial information
telah dibulatkan menjadi jutaan Rupiah presented in Rupiah has been rounded to the
terdekat. nearest million.
Laporan keuangan konsolidasian disusun atas The consolidated financial statements have
basis akrual dengan menggunakan konsep nilai been prepared on the accrual basis using the
historis, kecuali jika standar akuntansi historical cost concept, except where the
mensyaratkan pengukuran nilai wajar. accounting standards require fair value
measurement.
Laporan arus kas konsolidasian menyajikan The consolidated statements of cash flows
perubahan dalam kas dan setara kas dari present the changes in cash and cash
aktivitas operasi, investasi dan pendanaan. equivalents from operating, investing and
Laporan arus kas disusun dengan metode financing activities. The statements of cash
langsung. Untuk tujuan laporan arus kas, kas flows are prepared using the direct method. For 387
dan setara kas meliputi kas, giro pada Bank the purpose of the statements of cash flows,
Indonesia, giro pada bank-bank lain, cash and cash equivalents consist of cash,
penempatan pada Bank Indonesia dan bank- current accounts with Bank Indonesia, current

bank lain, dan efek-efek yang jatuh tempo accounts with other banks, placements with
dalam waktu tiga bulan sejak tanggal Bank Indonesia and other banks, and securities
perolehan, sepanjang tidak digunakan sebagai that mature within three months from the date
jaminan atas pinjaman yang diterima serta tidak of acquisition, as long as they are not being
dibatasi penggunaannya. pledged as collateral for borrowings nor
restricted.
c. Penggunaan pertimbangan dan estimasi c. Use of judgments and estimates
Penyusunan laporan keuangan konsolidasian The preparation of consolidated financial
sesuai dengan SAK di Indonesia statements in conformity with SAK requires
mengharuskan manajemen untuk membuat management to make judgments and estimates
pertimbangan dan estimasi yang that affect the application of accounting policies
mempengaruhi penerapan kebijakan akuntansi and the reported amounts of assets, liabilities,
dan jumlah aset, liabilitas, pendapatan dan income and expenses. Although these
beban yang dilaporkan. Walaupun estimasi ini estimates are based on management’s best
dibuat berdasarkan pengetahuan terbaik knowledge of current events and activities,
manajemen atas kejadian dan kegiatan saat ini, actual results may differ from those estimates.
hasil aktual dapat berbeda dari estimasi
tersebut.
Estimasi dan asumsi yang digunakan ditelaah Estimates and underlying assumptions are
secara berkesinambungan. Revisi atas estimasi reviewed on an ongoing basis. Revisions to
akuntansi diakui pada periode dimana estimasi accounting estimates are recognized in the
tersebut direvisi dan periode-periode yang akan periods in which the estimate is revised and in
datang yang dipengaruhi oleh revisi estimasi any future periods affected.
tersebut.
Informasi mengenai hal-hal penting yang terkait Information about significant areas of estimation
dengan ketidakpastian estimasi dan uncertainty and critical judgments in applying
pertimbangan-pertimbangan penting dalam accounting policies that have significant effect
penerapan kebijakan akuntansi yang memiliki on the amount recognized in the consolidated
dampak yang signifikan terhadap jumlah yang financial statements are described in Note 3.
diakui dalam laporan keuangan konsolidasian
dijelaskan di Catatan 3.
27
PT BANK BTPN Tbk


d. Perubahan kebijakan akuntansi d. Changes in accounting policies
Berikut ini adalah standar dan interpretasi The following standards and interpretation of
standar yang berlaku efektif tanggal standards became effective on
1 Januari 2020, memiliki pengaruh atas laporan 1 January 2020, have an effect on the future
keuangan konsolidasian Bank, dan mungkin consolidated financial statements, and may
akan membutuhkan penerapan secara require retrospective application under
retrospektif sebagaimana diatur dalam PSAK 25, “Accounting Policies, Changes in
PSAK 25, “Kebijakan Akuntansi, Perubahan Accounting Estimates, and Errors”:
Estimasi Akuntansi, dan Kesalahan”:
- Pernyataan Standar Akuntansi Keuangan - Statement of Financial Accounting Standards

(“PSAK”) No. 71 ”Instrumen Keuangan” (“PSAK”) No. 71 “Financial Instruments”
- PSAK No. 72 “Pendapatan dari Kontrak - PSAK No. 72 “Revenue from Contracts with
dengan Pelanggan” Customers”
- PSAK No. 73 “Sewa” - PSAK No. 73 “Leases”
- Amendemen PSAK No. 1 “Penyajian Laporan - Amendment to PSAK No. 1 “Presentation of
Keuangan” Financial Statements”
- Amendemen PSAK No. 25 “Kebijakan - Amendment to PSAK No. 25 “Accounting
Akuntansi, Perubahan Estimasi Akuntansi, Policies, Changes in Accounting Estimates,
dan Kesalahan” and Errors”
388 - PSAK 102 (Revisi 2019) ”Akuntansi - PSAK 102 (2019 Revision) ”Murabahah
Murabahah” Accounting”
- Interpretasi Standar Akuntansi Keuangan - Interpretation of Financial Accounting
(”ISAK”) 101 “Pengakuan Pendapatan Standard (”ISAK”) 101 “Recognition of
Murabahah Tangguh Tanpa Risiko Signifikan Deferred Murabahah Revenue Without

Terkait Kepemilikan Persediaan” Significant Risk on Ownership of Inventory”
- ISAK 102 “Penurunan Nilai Piutang - ISAK 102 “Impairment Losses for
Murabahah” Murabahah Receivables”
- Amandemen PSAK No. 73 ”Konsesi Sewa - Amendment PSAK No. 73 ”Covid19-related
Terkait Covid-19 Rent Concessions”
Dampak implementasi PSAK 71 dan PSAK 73 Set out below is the explanation of PSAK 71 and
terhadap Bank dan Entitas Anak dijelaskan di PSAK 73 implementation impacts to the Bank
bawah ini. and Subsidiary.
Selain PSAK 71 dan PSAK 73, penerapan Other than PSAK 71 and PSAK 73,
standar akuntansi yang disebutkan di atas tidak implementation of the above-mentioned
memiliki dampak yang signifikan terhadap accounting standards did not have significant
laporan keuangan konsolidasian. impacts to the consolidated financial
statements.
PSAK 71, ‘‘Instrumen Keuangan” PSAK 71, "Financial Instruments"
PSAK No. 71 menggantikan hampir semua PSAK No. 71 replaces most of the existing
ketentuan di PSAK No. 55, "lnstrumen requirements in PSAK No. 55, "Financial
Keuangan: Pengakuan dan Pengukuran". Instruments: Recognition and Measurement".
Dalam PSAK ini terdapat ketentuan yang It includes revised guidance on classification
direvisi untuk klasifikasi dan pengukuran and measurement of financial instruments, a
instrumen keuangan, metode kerugian kredit new expected credit loss model for calculating
ekspektasian yang baru untuk menghitung impairment on financial assets, new general
hedge accounting requirements, and additional
penurunan nilai aset keuangan, persyaratan
disclosures. It also carries forward the
umum baru untuk akuntansi lindung nilai, dan requirements on recognition and derecognition
tambahan pengungkapan. PSAK ini of financial instruments from PSAK No. 55.
meneruskan ketentuan untuk pengakuan dan
penghentian pengakuan instrumen keuangan
yang diambil dari PSAK No. 55.
Untuk akuntansi lindung nilai, ketentuan secara For hedge accounting, the requirements are
umum diterapkan secara prospektif, dengan generally applied prospectively, with some
beberapa pengecualian yang terbatas. Bank limited exceptions. The Bank did not apply
tidak menerapkan akuntansi lindung nilai. hedging accounting.
PSAK 71 tidak berlaku terhadap Entitas Anak PSAK 71 is not applicable on the Subsidiary
yang merupakan suatu entitas berbasis which is an entity with sharia principles.
Syariah.
28
PT BANK BTPN Tbk

SIGNIFIKAN (lanjutan) POLICIES (continued)
d. Perubahan kebijakan akuntansi (lanjutan) d. Changes in accounting policies (continued)
PSAK 71, ‘‘Instrumen Keuangan” (lanjutan) PSAK 71, "Financial Instruments" (continued)
Perubahan utama pada kebijakan akuntansi The key changes to the Bank’s accounting
Bank yang disebabkan oleh penerapan PSAK 71 policies resulting from its adoption of PSAK 71 are
dirangkum di bawah ini. Seluruh dampak dari summarized below.The full impact of adopting the
penerapan standar akuntansi tersebut standard is set out in Note 47.
diungkapkan pada Catatan 47.
(i) Klasifikasi dan pengukuran aset keuangan (i) Classification and measurement of financial
dan liabilitas assets and liabilities
PSAK 71 memiliki tiga kategori klasifikasi PSAK 71 contains three classification

untuk aset keuangan: diukur pada biaya categories for financial assets: measured at
perolehan diamortisasi, nilai wajar melalui amortized cost, fair value through other
penghasilan komprehensif lain (“FVOCI”) comprehensive income (“FVOCI”) and fair
dan nilai wajar melalui laba rugi (“FVTPL”). value through profit or loss (“FVTPL”). PSAK
Klasifikasi PSAK 71 umumnya berdasarkan 71 classification is generally based on the
model bisnis dimana aset keuangan dikelola business model in which a financial asset is
dan arus kas kontraktualnya. PSAK 71 managed and its contractual cash flows. The 389
mengeliminasi kategori instrumen standard eliminates the previous PSAK 55
keuangan PSAK 55 sebelumnya, yakni categories of held-to-maturity, loans and

dimiliki hingga jatuh tempo, pinjaman yang receivables and available-for-sale. For an
diberikan dan piutang dan tersedia untuk explanation of how the Bank classifies
dijual. Untuk penjelasan mengenai financial assets under PSAK 71 at initial
bagaimana Bank mengklasifikasikan aset implementation, see Note 47.
keuangan sesuai PSAK 71 pada saat
penerapan awal, lihat Catatan 47.
PSAK 71 mempertahankan hampir semua PSAK 71 largely retains the existing

ketentuan klasifikasi liabilitas keuangan requirements in PSAK 55 for the
PSAK 55. Untuk penjelasan bagaimana classification of financial liabilities. For more
Bank mengklasifikasikan liabilitas keuangan explanation of how the Bank classifies
berdasarkan PSAK 71 pada saat financial liabilities under PSAK 71 at initial
penerapan awal, lihat Catatan 47. implementation, see Note 47.
Oleh karena penerapan PSAK 71, Bank As the result of adoption of PSAK 71, the
telah mengubah kebijakan akuntansinya Bank has changed its accounting policy on
mengenai klasifikasi instrumen keuangan financial instruments classification as
seperti dijelaskan pada Catatan 2h. disclosed in Note 2h.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the Bank
Bank tidak memiliki aset keuangan dan did not have financial assets and financial
liabilitas keuangan yang ditetapkan diukur liabilities designated at fair value at initial
pada nilai wajar pada pengakuan awal (opsi recognition (fair value option).
nilai wajar).
29
PT BANK BTPN Tbk


PSAK 71, ‘‘Instrumen Keuangan” (lanjutan) PSAK 71, "Financial Instruments" (continued)
(ii) Penurunan nilai aset keuangan (ii) Impairment of financial assets
PSAK 71 menggantikan model incurred loss PSAK 71 replaces the “incurred loss” model
pada PSAK 55 dengan kerugian kredit in PSAK 55 with a forward-looking expected
ekspektasian yang bersifat forward looking credit losses (“ECL”). This will require
(“ECL”). Hal ini membutuhkan considerable judgement over how changes in
pertimbangan yang memadai tentang economic factors affect ECLs, which will be
bagaimana perubahan faktor ekonomi determined on a probability-weighted basis.
mempengaruhi ECL yang akan ditentukan
berdasarkan probabilitas tertimbang.
Model penurunan nilai yang baru ini The new impairment model applies to all
diterapkan untuk seluruh intrumen financial instruments that are not measured
keuangan yang tidak diukur pada nilai wajar at fair value through profit or loss, including
melalui laba rugi, termasuk komitmen kredit loan commitments and financial guarantee
390 dan kontrak jaminan keuangan yang contracts issued.
diterbitkan.
Dalam PSAK 71, tidak ada kerugian Under PSAK 71, no impairment loss is
penurunan nilai yang diakui untuk instrumen recognized on equity investments.
ekuitas.
Berdasarkan PSAK 71, kerugian kredit Under PSAK 71, credit losses are recognized
diakui lebih awal dari PSAK 55. Penjelasan earlier than under PSAK 55. For an
bagaimana dampak penerapan awal PSAK explanation of the impacts to allowance for
71 terhadap cadangan penurunan nilai aset impairment losses from initial implementation
keuangan, lihat Catatan 47. of PSAK 71, see Note 47.
Oleh karena penerapan PSAK 71, Bank As the result of adoption of PSAK 71, the
telah mengubah kebijakan akuntansinya Bank has changed its accounting policy on
mengenai penurunan nilai aset keuangan impairment losses of financial assets as
seperti dijelaskan pada Catatan 2i. disclosed in Note 2i.
(iii) Transisi (iii) Transition
Perubahan kebijakan akuntansi sebagai Changes in accounting policies resulting from

hasil dari penerapan PSAK 71 umumnya the adoption of PSAK 71 is generally applied
akan diterapkan secara retrospektif. retrospectively. However, the Bank applied
Namun, Bank memanfaatkan pengecualian the exemption allowing it not to restate
untuk tidak menyajikan kembali informasi comparative information for prior period.
komparatif untuk periode sebelumnya. Differences in the carrying amounts of
Selisih nilai tercatat atas aset keuangan dan financial assets and financial liabilities
liabilitas keuangan sebagai akibat dari resulting from the initial adoption of
penerapan awal PSAK 71 diakui pada saldo PSAK 71 were recognized in retained
laba tanggal 1 Januari 2020. earnings at 1 January 2020
Dengan demikian, informasi yang disajikan Accordingly, the information presented for
pada tahun 2019 tidak mencerminkan 2019 does not reflect the requirements of
PSAK 71 dan oleh karena itu tidak dapat PSAK 71 and therefore is not comparable to
dibandingkan dengan informasi yang the information presented for 2020 under
disajikan pada tahun 2020 berdasarkan PSAK 71.
PSAK 71.
30
PT BANK BTPN Tbk

PSAK 73 “Sewa” PSAK 73 “Leases”
Tanggal penerapan awal PSAK 73 untuk Bank The date of initial application of PSAK 73 for the
dan Entitas Anak adalah 1 Januari 2020. Sesuai Bank and Subsidiary is 1 January 2020. In
dengan ketentuan transisi PSAK 73, Bank dan accordance with the transitional provisions of
Entitas Anak telah menerapkan PSAK 73 PSAK 73, the Bank and Subsidiary have applied
menggunakan pendekatan retrospektif yang PSAK 73 using the modified retrospective
dimodifikasi, yaitu dengan mengakui efek approach, i.e. by recognizing the cumulative
kumulatif dari penerapan awal PSAK 73 sebagai effect of initially applying PSAK 73 as an
penyesuaian atas saldo laba tanggal 1 Januari adjustment to retained earnings at 1 January
2020. Oleh karena itu, informasi komparatif 2020. Therefore, the 2019 comparative
tahun 2019 tidak disajikan kembali, dimana information has not been restated, for which lease
transaksi sewa dilaporkan sesuai dengan transactions were reported in accordance with
PSAK 30, “Sewa”. PSAK 30 “Leases”.
(i) Definisi sewa (i) Definition of a lease

PSAK 73 mendefinisikan sewa sebagai PSAK 73 defines a lease as a contract that 391
kontrak yang memberikan hak untuk conveys the right to control the use of an
mengendalikan penggunaan aset selama asset for a period of time. Under the new
jangka waktu tertentu. Menurut standar yang standard, the previous dual accounting model

baru ini, kedua model akuntansi terdahulu for lessees, which distinguished between on-
yang membedakan antara sewa pembiayaan balance sheet finance leases and off-balance
yang dilaporkan di dalam neraca dengan sheet operating leases, has been eliminated.
sewa operasi yang ada di luar neraca
(rekening administratif), telah dieliminasi.
Pada saat transisi, Bank dan Entitas Anak On transition, the Bank and Subsidiary
memilih untuk menerapkan panduan praktis elected to apply the practical expedient in
PSAK 73 untuk tetap mempertahankan hasil PSAK 73 to grandfather the assessment of
penelaahan sebelumnya apakah suatu which transactions are leases. The Bank and
transaksi mengandung sewa. Bank dan Subsidiary applied PSAK 73 only to contracts
Entitias Anak hanya menerapkan PSAK 73 that were previously identified as leases.
atas kontrak yang sebelumnya diidentifikasi Contracts that previously were not idenfied as
sebagai sewa. Kontrak yang sebelumnya leases under PSAK 30 and ISAK 8 were not
tidak diidentifikasi sebagai sewa menurut reassessed for whether there is a lease.
PSAK 30 dan ISAK 8 tidak ditelaah kembali Therefore, the definition of a lease under
apakah mengandung sewa. Oleh karena itu, PSAK 73 was applied only to contracts
definisi sewa menurut PSAK 73 hanya entered into or changed after 1 January 2020.
diterapkan atas kontrak yang terjadi atau
dimodifikasi setelah tanggal 1 Januari 2020.
Sewa yang dimiliki Bank dan Entitas Anak All of the Bank and Subsidiary’s leases prior
sebelum tanggal 1 Januari 2020 seluruhnya to 1 January 2020 were operating leases
merupakan sewa operasi menurut PSAK 30. under PSAK 30.
(ii) Dampak pada akuntansi penyewa (ii) Impact on lessee accounting
Menerapkan PSAK 73, untuk semua sewa Applying PSAK 73, for all leases (except as
(kecuali yang disebutkan di bawah ini), Bank noted below), the Bank and Subsidiary:
dan Entitas Anak:
- mengakui aset hak guna dan liabilitas - recognises right-of-use assets and lease
sewa pada laporan posisi keuangan liabilities in the consolidated statement of
konsolidasian, yang diukur pada nilai kini financial position, initially measured at the
dari pembayaran sewa masa depan; present value of the future lease
payments;
31
PT BANK BTPN Tbk



PSAK 73 “Sewa” (lanjutan) PSAK 73 “Leases” (continued)
(ii) Dampak pada akuntansi penyewa (lanjutan) (ii) Impact on lessee accounting (continued)
- mengakui penyusutan aset hak guna dan - recognises depreciation of right-of-use
bunga atas liabilitas sewa pada laba rugi; assets and interest on lease liabilities in
profit or loss;
- memisahkan jumlah total pembayaran - separates the total amount of cash paid
kas ke bagian pokok (disajikan sebagai into a principal portion (presented within
aktivitas pendanaan) dan bunga financing activities) and interest
(disajikan sebagai aktivitas operasi) pada (presented within operating activities) in
laporan arus kas konsolidasian. the consolidated statement of cash flows.
Untuk sewa jangka pendek (masa sewa For short-term leases (lease term of
12 bulan atau kurang) dan sewa atas aset 12 months or less) and leases of low-value
bernilai rendah, Bank dan Entitas Anak telah assets, the Bank and Subsidiary had opted to
memilih untuk mengakui beban sewa secara recognise a lease expense on a straight-line
garis lurus sebagaimana diijinkan oleh basis as permitted by PSAK 73.
PSAK 73.
392 (iii) Dampak pada laporan keuangan (iii) Impact on financial statements
Pada saat transisi, liabilitas sewa diukur On transition, lease liabilities were measured at
pada nilai kini dari sisa pembayaran sewa, the present value of the remaining lease
yang didiskontokan dengan menggunakan payments, discounted using the Bank and
suku bunga pinjaman inkremental Bank dan Subsidiary’s incremental borrowing rate at
Entitas Anak pada tanggal 1 Januari 2020. 1 January 2020.
Aset hak-guna terkait sewa gedung diukur Right-of-use assets related with leases of
pada nilai tercatatnya seolah-olah PSAK 73 buildings are measured at their carrying amount
telah diterapkan sejak tanggal mulai sewa, as if PSAK 73 has been applied since the lease
didiskontokan dengan menggunakan suku commencement date, discounted using
bunga pinjaman inkremental pada tanggal incremental borrowing rate at 1 January 2020.
1 Januari 2020. Aset hak-guna lainnya diukur Other right-of use assets are measured at an
pada jumlah yang sama dengan liabilitas amount equal to the lease liabilities, adjusted by
sewa, disesuaikan dengan jumlah the amount of any prepaid or accrued lease
pembayaran dibayar dimuka atau payments at 31 December 2019.
pembayaran sewa yang masih harus dibayar
pada tanggal 31 Desember 2019.
Pada saat transisi, Bank dan Entitas Anak On transition, the Bank and Subsidiary used the
menerapkan cara praktis berikut yang following practical expedients permitted by the
diperbolehkan oleh standar: standard:
- menerapkan tingkat diskonto tunggal - the use of a single discount rate to a
untuk portofolio sewa dengan portfolio of leases with reasonably similar
karakteristik yang cukup serupa characteristics
- sewa operasi yang masa sewanya - operating leases with a remaining lease
berakhir dalam 12 bulan dari term of less than 12 months at
tanggal 1 Januari 2020 diperlakukan 1 January 2020 are treated as short-term
sebagai sewa jangka pendek lease
- pengecualian biaya langsung awal dari - the exclusion of initial direct costs for the
pengukuran aset hak guna pada tanggal measurement of the right-of-use assets at
penerapan awal the date of initial application
- menggunakan tinjauan ke belakang - the use of hindsight in determining the
(hindsight) dalam menentukan masa lease term where the contract contains
sewa jika kontrak mengandung opsi untuk options to extend or terminate the lease
memperpanjang atau menghentikan
sewa
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PT BANK BTPN Tbk

PSAK 73 “Sewa” (lanjutan) PSAK 73 “Leases” (continued)
(iii) Dampak pada laporan keuangan (lanjutan) (iii) Impact on financial statements (continued)
- memisahkan komponen nonsewa dari - to separate non-lease components from
komponen sewa berdasarkan kelas aset lease components on lease by class of
pendasar mengandalkan penilaian underlying assets relying on the
apakah sewa bersifat memberatkan assessment of whether leases are
sesuai PSAK 57, “Provisi, Liabilitas onerous based on PSAK 57, “Provisions,
Kontinjensi, dan Aset Kontinjensi” Contingent Liabilities, and Contingent
sebagai alternatif untuk melakukan Assets” as an alternative to perform an
tinjauan penurunan nilai. Tidak ada impairment review. There were no
kontrak sewa yang bersifat memberatkan onerous contracts at 1 January 2020
padatanggal 1 Januari 2020.
Rata-rata tertimbang suku bunga The weighted average of the Bank
pinjaman inkremental yang digunakan incremental borrowing rate applied to the
Bank atas liabilitas sewa pada tanggal lease liabilities on 1 January 2020 was
1 Januari 2020 adalah sebesar 8,20%. 8.20%. The Subsidiary’s incremental
Suku bunga inkremental yang digunakan borrowing rate applied to the lease
Entitas Anak pada tanggal 1 Januari 2020 liabilities on 1 January 2020 was 4.48% - 393
adalah sebesar 4,48% - 9,75%. 9.75%.
Rekonsiliasi antara komitmen sewa The reconciliation between the operating
operasi berdasarkan PSAK 30 pada lease commitments under PSAK 30 as of

tanggal 31 Desember 2019 dan liabilitas 31 December 2019 and the lease liabilities
sewa yang diakui berdasarkan PSAK 73 recognized under PSAK 73 as at
pada tanggal 1 Januari 2020 adalah 1 January 2020 is as follows:
sebagai berikut:
Jumlah/
Amount
Komitmen sewa operasi Operating lease commitments
pada tanggal 31 Desember 2019 as of 31 December 2019
berdasarkan PSAK 30 870,297) under PSAK 30
Didiskontokan dengan menggunakan suku Discounted using the incremental
bunga inkremental (178,273) borrowing rate
Dikurangi: Less:
- Sewa jangka pendek yang tidak diakui Short-term leases not recognized -
sebagai liabilitas sewa (11,325) as lease liabilities
- Sewa bernilai rendah yang tidak diakui Low-value leases not recognized -
sebagai liabilitas sewa (2,965) as lease liabilities
- Pembayaran angsuran sewa dimuka dari Upfront installment payments -
sewa liabilitas (19,335) of lease liabilities
Liabilitas sewa yang diakui pada Lease liabilities recognised at
658,399)
tanggal 1 Januari 2020 1 January 2020
Pada saat transisi PSAK 73, Bank dan On the transition of PSAK 73, the Bank and
Entitas Anak mengakui aset hak guna Subsidiary recognized right-of-use assets
sebesar Rp 774.042 (termasuk amounting to Rp 774,042 (include of
reklasifikasi dari beban sewa dibayar reclassification from rental prepayments
dimuka sebesar Rp 213.327 dan setelah amounting to Rp 213,327 and after
dikurangi akumulasi depresiasi sebesar deduction of accumulated depreciation of
Rp 235.206), sewa liabilitas sebesar Rp 235,206), lease liabilities amounted to
Rp 658.399, dan mengakui selisihnya Rp 658,399, and adjust the difference to
pada saldo laba tanggal 1 Januari 2020 retained earnings at 1 January 2020
sebesar Rp 77.086 (setelah pajak). amounting to Rp 77,086 (net of tax).
33
PT BANK BTPN Tbk


e. Penjabaran Transaksi dan Saldo dalam e. Foreign Currency Transactions and
Valuta Asing Balances Translation
Transaksi-transaksi dalam valuta asing Transactions in foreign currencies are

dijabarkan ke dalam Rupiah, yang merupakan translated into Rupiah, the Bank and
mata uang fungsional Bank, dengan Subsidiary’s functional currency, at the
menggunakan kurs pada tanggal transaksi. exchange rates prevailing at the transaction
date.
Saldo akhir tahun aset moneter dan liabilitas Year-end balances monetary assets and
moneter dalam valuta asing dijabarkan ke liabilities denominated in foreign currencies are
dalam Rupiah dengan menggunakan kurs pada translated into Rupiah using exchange rate as
tanggal laporan (penutupan) yang ditetapkan of the reporting date (closing) as determined by
oleh Bank Indonesia, yaitu kurs tengah yang Bank Indonesia, i.e. middle rates which are the
merupakan rata-rata kurs beli dan kurs jual average of buying rates and selling rates per
berdasarkan Reuters pada pukul 16.00 WIB. Reuters at 16.00 WIB.
Kurs valuta asing utama yang digunakan pada The major exchange rates used as of the
394 tanggal pelaporan adalah sebagai berikut (nilai reporting date were as follows (full amount):
penuh):
2020 2019
1 Dolar Amerika Serikat (USD) 14,050.00 13,882.50 1 United States Dollar (USD)
1 Dolar Australia (AUD) 10,752.47 9,725.39 1 Australian Dollar (AUD)
1 Dolar Singapura (SGD) 10,606.18 10,315.05 1 Singapore Dollar (SGD)
1 Dolar Hong Kong (HKD) 1,812.30 1,782.75 1 Hong Kong Dollar (HKD)
1 Poundsterling Inggris (GBP) 19,012.46 18,238.14 1 British Poundsterling (GBP)
1 Yen Jepang (JPY) 135.97 127.81 1 Japanese Yen (JPY)
1 Euro (EUR) 17,234.43 15,570.61 1 Euro (EUR)
Keuntungan dan kerugian selisih kurs yang The exchange gains and losses arising from
timbul dari transaksi dalam valuta asing dan dari transactions in foreign currencies and from the
penjabaran aset moneter dan liabilitas moneter translation of monetary assets and monetary
dalam valuta asing diakui pada laba rugi. liabilities denominated in foreign currencies are
recognised in profit or loss.
Laba atau rugi kurs valuta asing atas aset dan The foreign currency gains or losses on
liabilitas moneter merupakan selisih antara biaya monetary assets and liabilities are the
perolehan diamortisasi dalam Rupiah pada awal difference between amortised cost in Rupiah at
tahun, disesuaikan dengan tingkat suku bunga the beginning of the year, adjusted for effective
efektif dan pembayaran selama tahun berjalan, interest rate and payments during the year, and
dan biaya perolehan diamortisasi dalam valuta the amortised cost in foreign currency
asing yang dijabarkan ke dalam Rupiah dengan translated into Rupiah using the exchange rate
menggunakan kurs pada akhir tahun. at the end of the year.
dg
34
PT BANK BTPN Tbk

f. Prinsip Konsolidasi f. Basis of Consolidation

Laporan keuangan konsolidasian mencakup The consolidated financial statements include the
laporan keuangan Bank dan entitas anak. accounts of the Bank and its subsidiary.
Suatu pengendalian atas entitas anak Control over a subsidiary is presumed to exist if
dianggap ada bilamana Bank terekspos atau the Bank is exposed to, or has rights to, variable
memiliki hak atas imbal hasil variabel dari returns from its involvement with the subsidiary
keterlibatannya dengan entitas anak dan and has the ability to affect those returns through
memiliki kemampuan untuk mempengaruhi its power over the subsidiary. The Bank
imbal hasil tersebut melalui kekuasaannya atas reassesses whether it has control if there are
entitas anak. Bank akan menilai kembali changes to one or more of the elements of the
apakah memiliki kendali jika ada perubahan control. This includes circumstances in which
atas satu atau lebih unsur pengendalian. Ini protective rights held (e.g. those resulting from a
termasuk situasi dimana hak protektif yang lending relationship) become substantive and
dimiliki (seperti yang dihasilkan dari hubungan lead to the Bank having power over a subsidiary.
pinjaman) menjadi substantif dan
mengakibatkan Bank memiliki kekuasaan atas
entitas anak.
395
Laporan keuangan dari entitas anak The financial statements of subsidiary are
dimasukkan ke dalam laporan keuangan included in the consolidated financial
konsolidasian sejak tanggal pengendalian statements from the date on which control

dimulai sampai dengan tanggal pengendalian commences until the date when control ceases.
berakhir.
Ketika Bank kehilangan kendali atas entitas When the Bank loses control over a subsidiary,
anak, Bank menghentikan pengakuan aset dan it derecognises the assets and liabilities of the
liabilitas entitas anak, dan kepentingan non- subsidiary, and any related non-controlling
pengendali terkait dan komponen ekuitas interests and other components of equity. Any
lainnya. Laba atau rugi yang timbul diakui resulting gain or loss is recognised in profit or
dalam laba rugi. Kepentingan yang loss. Any interest retained in the former
dipertahankan di entitas anak sebelumnya subsidiary is measured at fair value when the
diukur sebesar nilai wajar ketika pengendalian control is lost.
hilang.
Seluruh transaksi dan saldo antar perusahaan All inter-company transactions and balances
dieliminasi dalam laporan keuangan are eliminated in the consolidated financial
konsolidasian, sehingga laporan keuangan statements; accordingly, the consolidated
konsolidasian hanya mencakup transaksi dan financial statements include only transactions
saldo dengan pihak lain. and balances with other parties.
Akuisisi entitas anak oleh Bank dicatat dengan The acquisition method is used to account for
menggunakan metode akuisisi. Biaya the acquisition of subsidiary by the Bank. The
perolehan akuisisi diukur pada nilai wajar aset cost of acquisition is measured at the fair value
yang diberikan, instrumen ekuitas yang of the assets given, equity instruments issued,
diterbitkan, liabilitas yang terjadi atau diambil liabilities incurred or assumed and contingent
dan penyesuaian harga beli kontinjensi, jika consideration, if any, at the transaction date.
ada, pada tanggal transaksi. Goodwill yang Goodwill arising from the acquisition of
timbul dari akuisisi entitas anak diuji penurunan subsidiary is tested at least annually for
nilainya minimal secara tahunan. Keuntungan impairment. Any gain on bargain purchase is
yang dihasilkan atas pembelian dengan diskon recognised in profit or loss immediately.
diakui langsung pada laba rugi. Biaya-biaya Transaction costs incurred in the acquisition of
transaksi yang timbul dari akuisisi entitas anak subsidiary are directly expensed in the current
dibebankan langsung pada laba rugi tahun year profit or loss.
berjalan.
Kepentingan non-pengendali diakui pada Non-controlling interest is recognised at the

tanggal kombinasi bisnis dan selanjutnya date of initial business combination and
disesuaikan dengan proporsi atas perubahan subsequently adjusted by proportion of change
aset bersih teridentifikasi entitas anak. in identifiable net assets of subsidiaries.
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PT BANK BTPN Tbk


f. Prinsip Konsolidasi (lanjutan) f. Basis of Consolidation (continued)
Perubahan dalam bagian kepemilikan Bank Changes in ownership interest in subsidiary that
pada entitas anak yang tidak mengakibatkan do not result in a loss of control are treated as
hilangnya pengendalian diperlakukan sebagai transaction between equity holders and are
transaksi antara pemegang ekuitas dan dicatat accounted for as equity transactions.
sebagai transaksi ekuitas.
Kepentingan non-pengendali disajikan di Non-controlling interest is presented as part of

ekuitas dalam laporan posisi keuangan equity in the consolidated statements of
konsolidasian dan dinyatakan sebesar proporsi financial position and represents the non-
pemegang saham non-pengendali atas laba
tahun berjalan dan ekuitas entitas anak the net income for the year and equity of the
tersebut berdasarkan persentase kepemilikan subsidiary based on the percentage of
pemegang saham non-pengendali pada ownership of the non-controlling shareholders
entitas anak tersebut. in the subsidiary.
g. Transaksi dengan Pihak-pihak Berelasi g. Transactions with Related Parties
Dalam laporan keuangan konsolidasian ini, In these consolidated financial statements, the
396 istilah pihak-pihak berelasi digunakan sesuai term related parties is used as defined in PSAK
dengan PSAK No. 7 mengenai No. 7 regarding
-
h. Aset Keuangan dan Liabilitas Keuangan h. Financial Assets and Financial Liabilities
Aset keuangan Bank dan Entitas Anak terdiri The

dari kas, giro pada Bank Indonesia, giro pada consist of cash, current accounts with Bank
bank-bank lain, penempatan pada Bank Indonesia, current accounts with other banks,
Indonesia dan bank-bank lain, efek-efek, placements with Bank Indonesia and other
tagihan derivatif, tagihan akseptasi, pinjaman banks, securities, derivative receivables,
yang diberikan, pembiayaan/piutang syariah, acceptance receivables, loans, sharia
penyertaan saham dan tagihan lainnya (yang financing/receivables, investment in shares and
disajikan sebagai bagian dari aset lain-lain). other receivables (presented as part of other
assets).
Liabilitas keuangan Bank dan Entitas Anak

terdiri dari liabilitas segera, simpanan dari consist of obligations due immediately, deposits
nasabah, simpanan dari bank-bank lain, from customers, deposits from other banks,
liabilitas derivatif, liabilitas akseptasi, efek-efek derivative payables, acceptance payables,
yang diterbitkan, pinjaman yang diterima, securities issued, borrowings, accruals,
akrual, pinjaman subordinasi, dan liabilitas lain- subordinated loans, and other liabilities.
lain.
h.1. Klasifikasi h.1. Classification
Aset keuangan Financial assets
Kebijakan berlaku mulai tanggal Policy applicable from 1 January 2020

1 Januari 2020
Bank mengklasifikasikan aset The Bank classified its financial assets

keuangannya ke dalam kategori sebagai into the following categories on initial
berikut pada saat pengakuan awal: recognition:
i. Biaya perolehan diamortisasi; i. At amortised cost;

ii. Nilai wajar melalui penghasilan ii. Fair value through other
comprehensive income
iii. iii. Fair value through profit or loss
36
PT BANK BTPN Tbk

h.1. Klasifikasi (lanjutan) h.1. Classification (continued)
Aset keuangan (lanjutan) Financial assets (continued)

1 Januari 2020 (lanjutan) (continued)
Aset keuangan diklasifikasikan ke dalam Financial asset is classified into one of

salah satu dari kategori ini pada saat these categories on initial recognition based
pengakuan awal berdasarkan model bisnis on the business model within which it is
dimana aset keuangan tersebut dimiliki held, and its contractual cash flow
serta karakteristik arus kontraktualnya. characteristics. The business model reflects
Model bisnis merefleksikan bagaimana how groups of financial assets are managed
kelompok aset keuangan dikelola untuk to achieve a particular business objective.
mencapai tujuan bisnis tertentu.
Aset keuangan diukur dengan biaya A financial asset is measured at amortised 397
perolehan diamortisasi hanya jika cost only if it meets both of the following
memenuhi kedua kondisi berikut dan tidak conditions and is not designated as at
ditetapkan sebagai FVTPL: FVTPL:

- Aset keuangan dikelola dalam model - The financial asset is held within a
bisnis yang bertujuan untuk memiliki aset business model whose objective is to
keuangan untuk tujuan mendapatkan hold the asset to collect contractual cash
arus kas kontraktual (hold to collect); dan flows (hold to collect); and
- Persyaratan kontraktual dari aset - Its contractual terms of the financial

keuangan yang pada tanggal tertentu asset give rise on specified dates to
menghasilkan arus kas yang merupakan cash flows that are solely payments of
pembayaran pokok dan bunga semata principal and interest on the principal
dari jumlah pokok terutang. amount outstanding.
Aset keuangan diukur pada FVOCI hanya A financial asset is measured at FVOCI only
jika memenuhi kedua kondisi berikut dan if it meets both of the following conditions
tidak ditetapkan sebagai FVTPL: and is not designated as at FVTPL:
- Aset keuangan dikelola dalam model - The financial asset is held within a
bisnis yang bertujuan untuk business model whose objective is
mendapatkan arus kas kontraktual dan achieved by both collecting contractual
menjual aset keuangan (hold to collect cash flows and selling the financial asset
and sell); dan (hold to collect and sell); and
- Persyaratan kontraktual dari aset - Its contractual terms of financial asset

keuangan yang pada tanggal tertentu give rise on specified dates to cash
menghasilkan arus kas yang merupakan flows that are solely payments of
pembayaran pokok dan bunga semata principal and interest on the principal
dari jumlah pokok terutang. amount outstanding.
Seluruh aset keuangan yang tidak All financial assets not classified as
diklasifikasikan sebagai diukur dengan measured at amortised cost or FVOCI as
biaya perolehan diamortisasi atau FVOCI described above are measured at FVTPL.
sebagaimana ketentuan di atas diukur
dengan FVTPL.
Aset keuangan tidak direklasifikasi setelah Financial assets are not reclassified
pengakuan awal, kecuali dalam periode subsequent to their initial recognition,
setelah Bank mengubah model bisnis yang except in the period after the Bank changes
mengelola aset keuangan. its business model for managing financial
assets.
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PT BANK BTPN Tbk



Penilaian model bisnis Business model assessment
Model bisnis Bank ditentukan pada level The Bank's business model is defined at a
yang mencerminkan bagaimana kelompok level that reflects how group of financial
aset keuangan dikelola bersama-sama assets are managed together to achieve
untuk mencapai tujuan bisnis tertentu.
Model bisnis Bank tidak bergantung pada model does not depend on management's
intensi manajemen untuk instrumen intention for individual instruments.
398 individu. Sejalan dengan hal tersebut, Accordingly, this condition is not an
kondisi ini bukan merupakan pendekatan instrument-by-instrument approach to
instrumen-per-instrumen untuk klasifikasi classification and is determined at a higher
dan ditentukan pada level agregasi yang
level of aggregation, which is at portfolio

lebih tinggi yaitu pada level portfolio. level.
Model bisnis Bank mengacu pada

pengelolaan aset keuangan untuk managing financial assets to generate cash
menghasilkan arus kas. Arus kas akan flows. Cash flows will result from obtaining
dihasilkan dari memperoleh arus kas contractual cash flows, selling financial
kontraktual, menjual aset keuangan atau assets or both. This assessment is not
keduanya. Penilaian ini tidak dilakukan atas made based on a scenario where the Bank
dasar skenario bahwa Bank tidak
a situation where the Bank sells certain

Dalam kondisi Bank menjual portofolio aset portfolios of financial assets in a worst-case
keuangan tertentu dalam skenario kondisi scenario, that scenario will not affect the
terburuk, skenario itu tidak akan assessment of the business model for that
mempengaruhi penilaian terhadap model asset if the Bank reasonably expects that
bisnis untuk aset tersebut jika Bank secara such a scenario will not occur.
wajar mengharapkan bahwa skenario
seperti itu tidak akan terjadi.
Akan tetapi, ketika Bank menilai model However, when the Bank assesses the
bisnis untuk aset keuangan yang baru business model for newly issued or recently
diterbitkan atau baru dibeli, Bank harus purchased financial assets, it must consider
mempertimbangkan informasi tentang information about how cash flows were
bagaimana arus kas direalisasikan di masa realized in the past, along with all other
lalu, bersama dengan semua informasi relevant information.
yang relevan lainnya.
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PT BANK BTPN Tbk


Penilaian model bisnis (lanjutan) Business model assessment (continued)
Model bisnis untuk mengelola aset The business model for managing financial
keuangan adalah kenyataan dan bukan assets is a reality and not just an assertion.
hanya sebuah asersi. Hal ini biasanya This is usually observed through the
diobservasi melalui aktivitas yang dilakukan activities the entity carries out to achieve
Bank untuk mencapai tujuan dari model the objectives of the business model. The
bisnis. Bank mempertimbangkan semua Bank considers all relevant evidence 399
bukti yang relevan yang tersedia pada available at the valuation date. The
tanggal penilaian. Bukti yang relevan relevant evidence includes, but is not
tersebut termasuk, tetapi tidak terbatas limited to:

pada:
- Kebijakan dan tujuan yang dinyatakan - the stated policies and objectives for
untuk portofolio dan pengoperasian the portfolio and the operation of
kebijakan tersebut dalam praktiknya. those policies in practice. In
Secara khusus, apakah strategi
manajemen berfokus pada strategy focusses on earning
menghasilkan pendapatan bunga contractual interest income,
kontraktual, mempertahankan profil maintaining a particular interest rate
suku bunga tertentu, mencocokkan profile, matching the duration of the
durasi aset keuangan dengan durasi financial assets to the duration of the
liabilitas yang mendanai aset tersebut liabilities that are funding those
atau mewujudkan arus kas melalui assets or realising cash flows through
penjualan aset; sale of the assets;
- bagaimana kinerja portofolio dievaluasi - how the performance of the portfolio

dan dilaporkan kepada personil is evaluated and reported to key
manajemen kunci Bank; management personnel of the Bank;
- risiko yang memengaruhi kinerja dari - the risks that affect the performance
model bisnis (dan aset keuangan yang of the business model (and the
dimiliki dalam model bisnis tersebut) financial assets held within that
dan strategi mengenai bagaimana business model) and its strategy for
risiko tersebut dikelola; dan how those risks are managed; and
- bagaimana manajer bisnis - how the business manager is

dikompensasi (sebagai contoh, compensated (for example, whether
apakah kompensasi berdasarkan nilai the compensation is based on the
wajar dari aset yang dikelola atau arus fair value of assets under
kas kontraktual yang diperoleh). management or the contractual cash
flows obtained).
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PT BANK BTPN Tbk



Penilaian apakah arus kas kontraktual Assessment of whether contractual cash

hanya merupakan pembayaran pokok dan flows are solely payments of principal and
bunga semata (SPPI) interest (SPPI)
For the purposes of this assessment,

didefinisikan sebagai nilai wajar dari aset
financial asset on initial recognition.
didefinisikan sebagai imbalan untuk nilai
400 waktu atas uang dan untuk risiko kredit yang time value of money and for the credit risk
terkait dengan jumlah pokok yang terutang associated with the principal amount
selama periode waktu tertentu dan untuk outstanding during a particular period of
risiko dan biaya pinjaman dasar lainnya time and for other basic lending risks and
(misalnya risiko likuiditas dan biaya costs (e.g. liquidity risk and administrative
administrasi), serta marjin keuntungan. costs), as well as profit margin.
Dalam menilai apakah arus kas kontraktual In assessing whether the contractual cash
adalah SPPI, Bank mempertimbangkan flows are SPPI, the Bank considers the
ketentuan kontraktual instrumen tersebut. contractual terms of the instrument. This
Hal ini termasuk menilai apakah aset includes assessing whether the financial
keuangan mengandung ketentuan asset contains a contractual term that
kontraktual yang dapat mengubah waktu could change the timing or amount of
atau jumlah arus kas kontraktual sehingga contractual cash flows such that it would
tidak memenuhi kondisi ini. not meet this condition. In making the
Dalam melakukan penilaian, Bank assessment, the Bank considers:
mempertimbangkan:
- Peristiwa kontinjensi yang akan - Contingent events that would change

mengubah jumlah dan waktu arus kas; the amount and timing of cash flows;
- Fitur leverage; - Leverage features;
- Ketentuan percepatan pelunasan dan - Prepayment and extension terms;

perpanjangan;
- Ketentuan yang membatasi klaim Bank -

atas arus kas dari aset tertentu (seperti cash flows from specified assets (e.g.
pinjaman non-recourse); dan non-recourse loans); and
- Fitur yang memodifikasi imbalan dari - Features that modify consideration of

nilai waktu atas uang (seperti penetapan the time value of money (e.g.
ulang suku bunga berkala). periodical reset of interest rates).
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PT BANK BTPN Tbk

Kebijakan berlaku sebelum tanggal Policy applicable before 1 January 2020

1 Januari 2020
Bank mengklasifikasikan aset keuangannya The Bank classifies its financial assets into
ke dalam kategori pengukuran sebagai the following measurement categories at
berikut pada saat pengakuan awal initial recognition based on their nature
berdasarkan sifat dan tujuannya: and purpose:
i. Diukur pada nilai wajar melalui laba i. Fair value through profit or loss,
rugi, yang memiliki 2 (dua) which has 2 (two) sub-
subklasifikasi, yaitu aset keuangan classifications, i.e. financial assets
yang ditetapkan demikian pada saat designated as such upon initial
pengakuan awal dan aset keuangan recognition and financial assets
yang diklasifikasikan dalam classified as held for trading; 401
kelompok diperdagangkan;
ii. Tersedia untuk dijual; ii. Available-for-sale;

iii. Dimiliki hingga jatuh tempo; iii. Held-to-maturity;
iv. Pinjaman yang diberikan dan iv. Loans and receivables.
piutang.
Instrumen keuangan dengan kategori Held for trading financial instruments are
untuk diperdagangkan adalah instrumen those financial instruments that the Bank
keuangan yang diperoleh atau dimiliki acquires or incurs principally for the
Bank terutama untuk tujuan dijual atau purpose of selling or repurchasing with the
dibeli kembali dengan maksud untuk intention of benefiting from short-term
memperoleh keuntungan dari perubahan price or interest rate movements or
harga atau suku bunga dalam jangka hedging for other trading book
pendek atau untuk lindung nilai instrumen instruments.
trading book lainnya.
Aset keuangan tersedia untuk dijual Available-for-sale financial assets are
adalah aset keuangan non-derivatif yang non-derivative financial assets that are
ditetapkan sebagai tersedia untuk dijual designated as available-for-sale or are
atau yang tidak diklasifikasikan ke dalam not classified in one of the other
salah satu kategori aset keuangan lainnya. categories of financial assets.
Investasi yang dimiliki hingga jatuh tempo Held-to-maturity investments are non-
adalah aset keuangan non-derivatif derivative financial assets with fixed or
dengan pembayaran tetap atau telah determinable payments and fixed
ditentukan dan jatuh temponya telah maturity that the Bank has the positive
ditetapkan dimana Bank mempunyai intent and ability to hold to maturity, and
intensi positif dan kemampuan untuk which are not designated at fair value
memiliki aset keuangan tersebut hingga through profit or loss or available-for-sale.
jatuh tempo, dan yang tidak ditetapkan
pada nilai wajar melalui laba rugi atau
tersedia untuk dijual.
Pinjaman yang diberikan dan piutang Loans and receivables are non-derivative
adalah aset keuangan non-derivatif financial assets with fixed or
dengan pembayaran tetap atau telah determinable payments that are not
ditentukan yang tidak mempunyai kuotasi quoted in an active market and that the
di pasar aktif dan Bank tidak berniat untuk Bank does not intend to sell immediately
menjualnya segera atau dalam waktu or in the near term.
dekat.
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PT BANK BTPN Tbk


Liabilitas keuangan Financial liabilities
Liabilitas keuangan diklasifikasikan ke Financial liabilities are classified into the

dalam kategori pengukuran sebagai berikut following measurement categories at initial
pada saat pengakuan awal berdasarkan recognition based on their nature and
sifat dan tujuannya: purpose:
i. Diukur pada nilai wajar melalui laba rugi, i. Fair value through profit or loss, which
yang memiliki 2 (dua) sub-klasifikasi, has 2 (two) sub-classifications, i.e.
yaitu liabilitas keuangan yang ditetapkan financial liabilities designated as such
demikian pada saat pengakuan awal upon initial recognition and financial
dan liabilitas keuangan yang liabilities classified as held for trading;
diklasifikasikan dalam kelompok
402 diperdagangkan;
ii. Liabilitas keuangan yang diukur pada ii. Financial liabilities measured at
biaya perolehan diamortisasi. amortised cost.
Liabilitas keuangan diklasifikasikan A financial liability is classified as held for

sebagai diperdagangkan jika diperoleh trading if it is acquired or incurred
atau dimiliki terutama untuk tujuan dijual principally for the purpose of selling or
atau dibeli kembali dalam waktu dekat atau repurchasing it in the near term or if it is
jika merupakan bagian dari portofolio part of a portfolio of identified financial
instrumen keuangan tertentu yang dikelola instruments that are managed together
bersama dan terdapat bukti mengenai pola and for which there is evidence of a recent
ambil untung dalam jangka pendek (short- actual pattern of short-term profit-taking.
term profit-taking) yang terkini. Derivatif Derivatives are also categorised as held
diklasifikasikan sebagai instrumen for trading instrument unless they are
diperdagangkan kecuali ditetapkan dan designated and effective as hedging
efektif sebagai instrumen lindung nilai. instruments.
Keuntungan dan kerugian yang timbul dari Gains and losses arising from changes in
perubahan nilai wajar liabilitas keuangan fair value of financial liabilities are
diakui dalam laba rugi tahun berjalan. recognised in current year profit or loss.
Liabilitas keuangan yang diukur pada Financial liabilities measured at amortised

biaya perolehan diamortisasi terdiri dari cost consist of non-derivative financial
liabilitas keuangan non-derivatif yang tidak liabilities that are not held for trading
dimiliki Bank untuk diperdagangkan dan purpose and not designated at fair value
tidak ditetapkan pada nilai wajar melalui through profit or loss.
laba rugi.
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PT BANK BTPN Tbk

h.2. Pengakuan h.2. Recognition
Pada saat pengakuan awal, aset keuangan A financial asset or financial liability is
atau liabilitas keuangan diukur pada nilai initially measured at fair value plus/less (for
wajar ditambah/dikurangi (untuk instrumen financial instruments not subsequently
keuangan yang tidak diukur pada nilai wajar measured at fair value through profit or
melalui laba rugi setelah pengakuan awal) loss) transaction costs that are directly
biaya transaksi yang dapat diatribusikan attributable to the acquisition of a financial
secara langsung atas perolehan aset asset or issuance of a financial liability. The
keuangan atau penerbitan liabilitas subsequent measurement of financial
keuangan. Pengukuran aset keuangan dan assets and financial liabilities depends on
liabilitas keuangan setelah pengakuan awal their classification.
tergantung pada klasifikasi aset keuangan
dan liabilitas keuangan tersebut.
Biaya transaksi hanya meliputi biaya-biaya Transaction costs include only those costs
yang dapat diatribusikan secara langsung that are directly attributable to the
403
untuk perolehan suatu aset keuangan atau acquisition of a financial asset or issuance
penerbitan suatu liabilitas keuangan dan of a financial liability and are incremental

merupakan biaya tambahan yang tidak akan costs that would not have been incurred if
terjadi apabila instrumen keuangan tersebut the instrument had not been acquired or
tidak diperoleh atau diterbitkan. Untuk aset issued. In the case of financial assets,
keuangan, biaya transaksi ditambahkan transaction costs are added to the amount
pada jumlah yang diakui pada awal recognised initially, while for financial
pengakuan aset, sedangkan untuk liabilitas liabilities, transaction costs are deducted
keuangan, biaya transaksi dikurangkan dari from the amount of debt recognized initially.
jumlah utang yang diakui pada awal Such transaction costs are amortised over
pengakuan liabilitas. Biaya transaksi the terms of the instruments based on the
tersebut diamortisasi selama umur effective interest method and are recorded
instrumen berdasarkan metode suku bunga as part of interest income for transaction
efektif dan dicatat sebagai bagian dari costs related to financial assets or interest
pendapatan bunga untuk biaya transaksi expense for transaction costs related to
sehubungan dengan aset keuangan atau financial liabilities.
sebagai bagian dari beban bunga untuk
biaya transaksi sehubungan dengan liabilitas
keuangan.
Bank dan Entitas Anak pada awalnya The Bank and Subsidiary initially recognise
mengakui pinjaman/pembiayaan yang loans/financing and deposits on the date of
diberikan dan simpanan pada tanggal origination.
perolehan.
Pembelian dan penjualan aset keuangan Regular way purchases and sales of
yang lazim (reguler) diakui pada tanggal financial assets are recognised on the trade
perdagangan dimana Bank dan Entitas Anak date at which the Bank and Subsidiary
memiliki komitmen untuk membeli atau commit to purchase or sell those assets.
menjual aset tersebut.
Semua aset dan liabilitas keuangan lainnya All other financial assets and liabilities are
pada awalnya diakui pada tanggal initially recognised on the trade date at
perdagangan dimana Bank dan Entitas Anak which the Bank and Subsidiary become a
menjadi suatu pihak dalam ketentuan party to the contractual provisions of the
kontraktual instrumen tersebut. instrument.
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PT BANK BTPN Tbk


h.3. Biaya perolehan diamortisasi dan nilai h.3. Amortised cost and gross carrying
tercatat bruto amount
atau liabilitas keuangan merupakan suatu nilai financial liability is the amount at which the
dimana aset keuangan atau liabilitas keuangan financial asset or financial liability is
diukur pada saat pengakuan awal dikurangi measured on initial recognition minus the
pembayaran pokok, ditambah atau dikurangi principal repayments, plus or minus the
amortisasi kumulatif menggunakan metode cumulative amortisation using the effective
suku bunga efektif atas selisih antara nilai awal interest methof of any difference between that
dan nilai jatuh temponya dan, untuk aset initial amount and the maturity amount and,
keuangan, disesuaikan dengan cadangan for financial assets, adjusted for any
rcatat bruto allowance
carrying amount of financial asset
diamortisasi aset keuangan sebelum dikurangi amortised cost of a financial asset before
cadangan kerugian penurunan nilai. adjusting for any allowance for impairment
404 losses.
h.4. Penghentian pengakuan h.4. Derecognition

Bank dan Entitas Anak menghentikan

pengakuan aset keuangan pada saat hak The Bank and Subsidiary derecognise a
kontraktual atas arus kas yang berasal dari financial asset when the contractual rights to
aset keuangan tersebut kadaluwarsa, atau the cash flows from the financial asset
Bank dan Entitas Anak mentransfer seluruh expire, or when it transfers the rights to
hak untuk menerima arus kas kontraktual dari receive the contractual cash flows on the
aset keuangan dalam transaksi dimana Bank financial asset in a transaction in which
dan Entitas Anak secara substansial telah substantially all the risks and rewards of
mentransfer seluruh risiko dan manfaat atas ownership of the financial asset are
kepemilikan aset keuangan yang ditransfer. transferred. Any interest in transferred
Setiap hak atau liabilitas atas aset keuangan financial assets that is created or retained by
yang ditransfer yang timbul atau yang masih the Bank and Subsidiary is recognised as a
dimiliki oleh Bank dan Entitas Anak diakui separate asset or liability.
sebagai aset atau liabilitas secara terpisah.
Bank dan Entitas Anak menghentikan The Bank and Subsidiary derecognise a
pengakuan liabilitas keuangan pada saat financial liability when its contractual
liabilitas yang ditetapkan dalam kontrak obligations are discharged or cancelled or
dilepaskan atau dibatalkan atau kadaluwarsa. expired.
Dalam transaksi dimana Bank dan Entitas In transactions in which the Bank and
Anak secara substansial tidak memiliki atau Subsidiary neither retains nor transfers
tidak mentransfer seluruh risiko dan manfaat substantially all the risks and rewards of
atas kepemilikan aset keuangan, Bank dan ownership of a financial asset, the Bank and
Entitas Anak menghentikan pengakuan aset Subsidiary derecognise the asset if it does
tersebut jika Bank dan Entitas Anak tidak lagi not retain control over the asset. The rights
memiliki pengendalian atas aset tersebut. Hak and obligations retained in the transfer are
dan kewajiban yang masih dimiliki dalam recognised separately as assets and
transfer tersebut diakui secara terpisah liabilities as appropriate. In transfers in
sebagai aset atau liabilitas. Dalam transfer which control over the asset is retained, the
dimana pengendalian atas aset masih dimiliki, Bank and Subsidiary continue to recognise
Bank dan Entitas Anak tetap mengakui aset the asset to the extent of its continuing
yang ditransfer tersebut sebesar keterlibatan involvement, determined by the extent to
berkelanjutan, dimana tingkat keberlanjutan which it is exposed to changes in the value
Bank dan Entitas Anak dalam aset yang of the transferred asset.
ditransfer adalah sebesar perubahan nilai aset
yang ditransfer.
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PT BANK BTPN Tbk

h.4. Penghentian pengakuan (lanjutan) h.4. Derecognition (continued)
Bank dan Entitas Anak menghapusbukukan The Bank and Subsidiary write off a financial
aset keuangan dan cadangan kerugian asset and any related allowance for impairment
penurunan nilai terkait, pada saat Bank dan losses, when the Bank and Subsidiary
Entitas Anak menentukan bahwa aset determine that the financial asset is
keuangan tersebut tidak dapat ditagih. uncollectible. This determination is reached
Keputusan ini diambil setelah after considering information such as the
mempertimbangkan informasi seperti telah occurrence of significant changes in the
terjadinya perubahan signifikan pada posisi
keuangan debitur/penerbit aset keuangan
sehingga debitur/penerbit aset keuangan tidak issuer can no longer pay the obligation, or that
lagi dapat melunasi kewajibannya, atau hasil proceeds from collateral will not be sufficient to
penjualan agunan tidak akan cukup untuk pay back the credit exposure.
melunasi seluruh eksposur kredit yang
diberikan.
405
h.5. Saling hapus h.5. Offsetting

Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset and
disalinghapuskan dan jumlah netonya the net amount reported in the statements of
dilaporkan pada laporan posisi keuangan financial position when there is a legally
konsolidasian ketika terdapat hak yang enforceable right to offset the recognised
berkekuatan hukum untuk melakukan saling amounts and there is an intention to settle
hapus atas jumlah yang telah diakui on a net basis, or realise the asset and settle
tersebut dan adanya niat untuk the liability simultaneously. The legally
menyelesaikan liabilitas secara bersamaan. enforceable right must not be contingent on
Hak saling hapus tidak kontinjen atas future events and must be enforceable in
peristiwa di masa depan dan dapat the normal course of business and in the
dipaksakan secara hukum dalam situasi event of default insolvency or bankruptcy of
bisnis yang normal dan dalam peristiwa the Bank and Subsidiary or the
gagal bayar, atau peristiwa kepailitan atau counterparty.
kebangkrutan Bank dan Entitas Anak atau
pihak lawan.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah bersih hanya jika diperkenankan net basis only when permitted by accounting
oleh standar akuntansi. standards.
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PT BANK BTPN Tbk


i. Cadangan kerugian penurunan nilai aset i. Allowance for impairment losses of financial
keuangan assets
i.1. Aset keuangan yang dicatat pada biaya i.1. Financial assets carried at amortised
perolehan diamortisasi cost
1 Januari 2020
Dalam mengestimasi cadangan kerugian To estimate impairment loss allowance on
penurunan nilai atas aset keuangan, Bank financial assets, the Bank has implemented
telah menerapkan PSAK 71 sejak tanggal PSAK 71 since 1 January 2020. PSAK 71
1 Januari 2020. PSAK 71 mengharuskan requires a loss allowance to be recognized
cadangan kerugian diakui sebesar kerugian at an amount equal to either 12-month ECL
kredit ekspektasian (ECL 12 bulan) atau or lifetime ECL. Lifetime ECL is the ECL that
kerugian kredit ekspektasian sepanjang results from all possible default events over
umur aset keuangan (ECL lifetime). ECL the expected life of a financial instrument,
lifetime adalah kerugian ekspektasian yang whereas 12-month ECL is the portion of ECL
berasal dari semua kemungkinan kejadian that results from default events that are
gagal bayar sepanjang umur ekspektasian possible within the 12-month after reporting
suatu instrumen keuangan, sedangkan date.
406 ECL 12 bulan adalah porsi dari kerugian
kredit ekspektasian yang berasal dari
kemungkinan kejadian gagal bayar dalam
12 bulan setelah tanggal pelaporan.

Kerugian kredit ekspektasian merupakan Expected credit losses are a probability-
estimasi probabilitas tertimbang dari weighted estimate of credit losses (i.e the
kerugian kredit (yaitu nilai kini dari seluruh present value of all cash shortfalls) over the
kekurangan kas) selama perkiraan umur expected life of the financial instrument. A
instrumen keuangan. Kekurangan kas cash shortfall is the difference between the
adalah selisih antara arus kas yang cash flows that are due to an entity in
diperkirakan akan diterima entitas. Karena accordance with the contract and the cash
kerugian kredit ekspektasian flows that the entity expects to receive.
mempertimbangkan jumlah dan waktu Because expected credit losses consider
pembayaran, kerugian kredit tetap timbul the amount and timing of payments, a credit
meskipun entitas mengharapkan untuk loss arises even if the entity expects to be
dibayar penuh namun setelah jatuh tempo paid in full but later than when contractually
kontraktual. due.
Kerugian kredit ekspektasian atau Expected
Credit Loss recognised for all financial debt instruments,
instrumen utang keuangan, komitmen loan commitments and financial guarantees
pinjaman dan jaminan keuangan yang that are classified as hold to collect or hold
diklasifikasikan sebagai hold to collect atau to collect and sell and have SPPI cash flows.
hold to collect and sell dan memiliki arus kas ECL is not recognised for financial
SPPI. ECL tidak diakui untuk instrumen instruments designated as FVTPL and
keuangan yang detetapkan sebagai FVTPL equity instruments designated as FVOCI.
dan instrumen ekuitas yang ditetapkan
sebagai FVOCI.
Sesuai dengan siaran pers dari Ikatan In accordance to press conference of
Akuntan Indonesia (IAI) pada tanggal Indonesian Institute of Accountants on
10 Januari 2018 dan ISAK 102, khusus 10 January 2018 and ISAK 102, particularly
untuk transaksi berbasis syariah, for sharia-based transactions, the allowance
pengukuran penurunan nilai dari aset for impairment losses of financial assets
keuangan tidak mengadopsi PSAK 71. does not adopt PSAK 71.
Pada setiap tanggal pelaporan, Bank akan At each reporting date, the Bank shall
mengukur cadangan kerugian instrumen measure the loss allowance for a financial
keuangan sebesar kerugian kredit instrument at an amount equal to the lifetime
sepanjang umur (lifetime) instrumen credit losses, except in the following
keuangan, kecuali dalam kondisi berikut, condition, for which the amount recognized
dimana cadangan kerugian yang akan will be 12-month ECL:
diakui sebesar ECL 12 bulan:
46
PT BANK BTPN Tbk

keuangan (lanjutan) assets (continued)
i.1. Aset keuangan yang dicatat pada biaya i.1. Financial assets carried at amortised cost
perolehan diamortisasi (lanjutan) (continued)

instrumen keuangan dengan risiko financial instruments with low credit risk;
kredit rendah; dan and
instrumen keuangan dengan risiko financial instruments for which credit
kredit yang belum meningkat secara risk has not increased significantly since
signifikan sejak pengakuan awal. initial recognition.
Estimasi eksposur kredit untuk tujuan The estimation of credit exposure for risk
manajemen risiko adalah kompleks dan management purpose is complex and
membutuhkan penggunaan model, requires the use of models, as the
dikarenakan eksposur yang bervariasi exposure varies with changes in market 407
terkait dengan perubahan kondisi pasar, conditions, expected cash flows and the
arus kas yang diharapkan dan berjalannya passage of time. The assessment of credit
waktu. Penilaian risiko kredit dari portofolio risk of a portfolio of assets entails further

aset memerlukan estimasi lebih lanjut estimations as to the likelihood of defaults
mengenai kemungkinan terjadinya gagal occurring, of the associated loss ratios and
bayar, dari rasio kerugian yang terkait dan of default correlations between
korelasi gagal bayar antar pihak. Bank counterparties. The Bank measures credit
mengukur risiko kredit menggunakan risk using Probability of Default (PD),
Probability of Default (PD), Exposure at Exposure at Default (EAD), Loss Given
Default (EAD), Loss Given Default (LGD) Default (LGD) and macroeconomic
dan variabel makroekonomi untuk estimasi variables for forward looking perspective.
yang bersifat perkiraan masa depan
(forward-looking).
Untuk menentukan kerugian kredit To determine the expected credit loss
ekspektasian (ECL), komponen-komponen (ECL), these components are multiplied
tersebut akan diperhitungkan bersama- together and discounted to the reporting
sama dan didiskontokan ke tanggal date using the effective interest rate. The
pelaporan menggunakan suku bunga basis of inputs, assumptions and the
efektif. Dasar input, asumsi dan teknik estimation technique are disclosed in
estimasi diungkapkan di Catatan 3. Note 3.
Untuk portofolio korporasi, risiko kredit For corporate portfolio, credit risk is
diukur berdasarkan pada pengelompokkan measured based on grouping grade of
tingkat peringkat internal. internal grading.
Untuk portofolio tresuri, risiko kredit diukur For the treasury portfolio, credit risk is
berdasarkan pada pengelompokkan tingkat measured based on grouping grade of
peringkat internal. Apabila tidak terdapat internal grading. If there is no information
informasi peringkat internal untuk pihak of internal grading for counterparty, the
lawan, pengelompokkan didasarkan pada categorizing is based on credit rating from
peringkat kredit dari pihak lawan. Untuk counterparty issuer. For PD calculation,
perhitungan PD, Bank menggunakan the Bank uses PD term structure issued by
struktur jangka waktu (term structure) PD external rating.
yang dikeluarkan oleh peringkat eksternal.
Untuk kategori portofolio ritel, risiko kredit For retail portfolio category, the credit risk
diukur berdasarkan pada kelompok hari is measured based on days past due
tunggakan untuk membentuk term structure buckets to create PD term structure used
PD yang akan digunakan untuk menghitung to compute ECL calculation by statistical
perhitungan ECL dengan pendekatan model model approach.
statistik.
47
PT BANK BTPN Tbk


i. Cadangan kerugian penurunan nilai aset i. Allowance for impairment losses of

keuangan (lanjutan) financial assets (continued)
perolehan diamortisasi (lanjutan) cost (continued)
Bank menganggap efek-efek investasi yang The Bank considers a Rupiah denominated
diterbitkan oleh pemerintah (seperti obligasi government investment securities (such as
pemerintah) dalam mata uang Rupiah dan government bonds) and funds placed with
dana yang ditempatkan pada Bank Bank Indonesia are having low credit risk,
Indonesia memiliki risiko kredit yang rendah, since the principal and interest of
karena pokok dan bunga efek-efek government investment securities are
pemerintah tersebut dijamin oleh guaranteed by the government and there is
pemerintah dan tidak ada kerugian yang no historical loss experience. The Bank
pernah terjadi. Bank tidak menerapkan does not apply the low credit risk exemption
pengecualian risiko kredit yang rendah atas to any other financial instruments.
instrumen keuangan lainnya.
408 Pengukuran kerugian kredit Expected credit loss measurement
ekspektasian
Sesuai PSAK 71, Bank menerapkan model In accordance with PSAK 71, the Bank
"Tiga-Tahap" untuk penurunan nilai applied -S

berdasarkan perubahan kualitas kredit sejak impairment based on changes in credit
pengakuan awal seperti dirangkum di quality since initial recognition as
bawah ini: summarised below:
- Instrumen keuangan yang tidak - A financial instrument that is not credit-
mengalami penurunan nilai kredit sejak impaired since initial recognition is
pengakuan awal diklasifikasikan dalam
Tahap
- Jika peningkatan signifikan dalam risiko - If a significant increase in credit risk
kredit ("SICR") sejak pengakuan awal
diidentifikasi, instrumen keuangan identified, the financial instrument is
dipindahkan ke "Tahap 2" tetapi belum
dianggap mengalami penurunan nilai deemed to be credit-impaired.
kredit.
- Jika instrumen keuangan mengalami
penurunan nilai kredit, instrumen - If the financial instrument is credit-
keuangan kemudian dipindahkan ke impaired, the financial instrument is
"Tahap 3"
Instrumen keuangan - Tahap 1 Financial instruments - Stage 1
Kerugian kredit ekspektasian instrumen Stage 1 expected credit losses are

keuangan Tahap 1 diakui sebesar recognized at the amount of cash shortfalls
kekurangan kas yang timbul dari arising from possible default events up to
kemungkinan gagal bayar di masa depan 12 months into the future from the reporting
dalam kurun waktu 12 bulan sejak tanggal date. Expected credit losses continue to be
pelaporan. Kerugian kredit ekspektasian determined on this basis until there is either
terus ditentukan oleh dasar ini sampai terjadi a significant increase in the credit risk of an
peningkatan risiko kredit yang signifikan instrument or the instrument becomes
pada instrumen tersebut atau instrumen credit-impaired where the expected credit
tersebut telah mengalami penurunan nilai losses will be determined based on lifetime.
kredit dimana kerugian kredit ekspektasian If an instrument is no longer considered to
akan dihitung berdasarkan basis lifetime. exhibit a significant increase in credit risk,
Jika suatu instrumen tidak lagi dianggap expected credit losses will revert to being
menunjukkan peningkatan risiko kredit yang determined on a 12-month basis.
signifikan, maka kerugian kredit
ekspektasian dihitung kembali berdasarkan
basis 12 bulan.
48
PT BANK BTPN Tbk

Pengukuran kerugian kredit Expected credit loss measurement
ekspektasian (lanjutan) (continued)
Peningkatan risiko kredit secara signifikan Significant increase in credit risk (SICR) -
(SICR) - Tahap 2 Stage 2
Bank menganggap instrumen keuangan The Bank considers a financial instrument to
telah mengalami peningkatan risiko kredit have experienced a significant increase in
yang signifikan ketika kriteria di bawah ini credit risk when the below criteria have been
telah dipenuhi: met:
- Untuk segmen korporasi menggunakan - For corporate segments use watchlist
parameter daftar pantauan (watchlist) parameters and 12-month PD change
dan perubahan nilai PD 12 bulan by 100% resulted from internal grading
sebesar 100% sebagai akibat movement from its initial recognition. 409
perpindahan peringkat internal sejak
pengakuan awal.

- Untuk instrumen keuangan di tresuri - For treasury financial instruments use
menggunakan pergerakan 3 titik (notch) 3 notch movements from origination
dari peringkat pada saat pengakuan rating at its initial recognition.
awal.
- Untuk segmen ritel menggunakan - For retail segment use days past due
informasi jumlah hari tunggakan dalam information in month in arrears
sebulan dalam kelompok tunggakan. grouping. SICR incurred if the days
SICR terjadi ketika jumlah hari past due reached more than 30 days.
tunggakan mencapai lebih dari 30 hari.
Eksposur yang mengalami penurunan nilai Credit-impaired (or defaulted) exposures -
kredit atau gagal bayar - Tahap 3 Stage 3
Aset keuangan yang mengalami penurunan Financial assets that are credit impaired (or
nilai (atau gagal bayar) merupakan aset yang in default) represent those that are at least
setidaknya telah memiliki tunggakan lebih 90 days past due in respect of principal
dari 90 hari atas pokok dan/atau bunga. Aset and/or interest. Financial assets are also
keuangan juga dianggap mengalami considered to be credit impaired where the
debtors are unlikely to pay on the
penurunan nilai kredit dimana debitur
occurrence of one or more observable
kemungkinan besar tidak akan membayar events that have a detrimental impact on the
dengan terjadinya satu atau lebih kejadian estimated future cash flows of the financial
yang teramati yang memiliki dampak asset.
menurunkan jumlah estimasi arus kas masa
depan dari aset keuangan tersebut.
Pinjaman korporasi Corporate loans
Pinjaman korporasi yang dikategorikan Corporate loans that are categorised as
mengalami penurunan nilai adalah pinjaman impaired are loans from debtors with internal
dari debitur dengan peringkat internal 7R atau grading at 7R or lower.
lebih rendah.
Pinjaman non-korporasi Non-corporate loans
Pinjaman non-korporasi yang dikategorikan Non-corporate loans that are categorised as
mengalami penurunan nilai adalah pinjaman impaired are loans that satisfy at least one of
yang memenuhi setidaknya satu dari kriteria the following criteria:
berikut:
a. Hari tunggakan lebih dari 90 hari a. Days past due over 90 days
b. Kolektibilitas OJK 3, 4 dan 5 b. OJK Grading 3, 4 and 5
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PT BANK BTPN Tbk


Pengukuran kerugian kredit Expected credit loss measurement
ekspektasian (lanjutan) (continued)
Eksposur yang mengalami penurunan nilai Credit-impaired (or defaulted) exposures -

kredit atau gagal bayar - Tahap 3 (lanjutan) Stage 3 (continued)
Cadangan kerugian penurunan nilai Loss provisions against credit-impaired
terhadap aset keuangan yang mengalami financial assets are determined based on
penurunan nilai ditentukan berdasarkan an assessment of the recoverable cash
penilaian terhadap arus kas yang dapat flows under a range of scenarios with
dipulihkan berdasarkan sejumlah skenario weighted probabilities, including the
dengan probabilitas tertimbang, termasuk realisation of any collateral held where
realisasi jaminan yang dimiliki jika appropriate. The loss provisions held
410 memungkinkan. Cadangan kerugian represent the difference between the
penurunan nilai merupakan selisih antara present value of the cash flows expected to
nilai sekarang dari arus kas yang be recovered, discounted at the
diperkirakan akan dipulihkan, didiskontokan

pada suku bunga efektif awal, dan nilai and the gross carrying value of the
tercatat bruto instrumen sebelum penurunan instrument prior to any credit impairment.
nilai kredit.
Pengukuran ECL di seluruh tahapan aset The measurement of ECL across all stages
diperlukan untuk mencerminkan jumlah is required to reflect an unbiased and
yang tidak bias dan probabilitas tertimbang probability-weighted amount that is
yang ditentukan dengan mengevaluasi determined by evaluating a range of
serangkaian kemungkinan yang dapat reasonably possible outcomes using
terjadi menggunakan informasi yang wajar reasonable and supportable information
dan terdukung dengan peristiwa masa about past events, current conditions and
lampau, kondisi saat ini, dan proyeksi terkait forecasts of future economic conditions.
dengan kondisi ekonomi di masa depan.
Periode yang diperhitungkan ketika The period considered when measuring

mengukur ECL adalah periode yang lebih ECL is the shorter of the expected life and
pendek antara umur ekspektasian dan the contractual term of the financial asset.
periode kontrak aset keuangan, Umur The expected life may be impacted by
ekspektasian dapat dipengaruhi oleh prepayments and the maximum
pembayaran dimuka dan periode kontrak contractual term by extension options. For
maksimum melalui opsi perpanjangan certain revolving portfolios, the expected
kontrak. Untuk portfolio revolving tertentu, life is assessed over the period that the
umur ekspektasian dinilai sepanjang periode Bank is exposed to credit risk, not the
dimana Bank terekspos dengan risiko kredit, contractual term of contract.
bukan sepanjang periode kontrak.
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PT BANK BTPN Tbk



Pengukuran kerugian kredit ekspektasian Expected credit loss measurement

ECL atas komitmen pinjaman dan jaminan ECL on loan commitments and financial
keuangan diakui pada liabilitas lain-lain. Jika guarantees is recognised as other liabilities.
intrumen keuangan mencakup komponen Where a financial instrument includes both
yang telah ditarik dan yang belum ditarik, a drawn and an undrawn component, and
dan Bank tidak dapat mengidentifikasi ECL the Bank cannot identify the ECL on the loan
pada komponen pinjaman secara terpisah commitment component separately from
dari komponen yang telah ditarik, Bank those on the drawn component, the Bank
menyajikan cadangan kerugian gabungan presents a combined loss allowance for 411
untuk kedua komponen. Jumlah gabungan both components. The combined amount is
cadangan kerugian disajikan sebagai presented as a deduction from the gross
pengurang dari nilai tercatat bruto carrying amount of the drawn component.

komponen yang telah ditarik. Kelebihan dari Any excess of the loss allowance over the
cadangan kerugian atas nilai tercatat gross carrying amount of the drawn
komponen yang telah ditarik disajikan component is presented as other liabilities.
sebagai liabilitas lain-lain.
Penyajian kerugian kredit ekspektasian Presentation of expected credit losses
Untuk aset keuangan yang diukur pada For financial assets measured at amortized
biaya perolehan diamortisasi, saldo di cost, the balance at consolidated statement
laporan posisi keuangan konsolidasian of financial position reflects the gross
mencerminkan nilai tercatat bruto dikurangi carrying amount less ECL. Changes in
ECL. Perubahan atas kerugian kredit expected credit losses are recognised in
ekspektasian diakui pada laba rugi tahun the current year profit or loss.
berjalan.

1 Januari 2020
Pada setiap tanggal pelaporan, Bank The Bank assesses at each reporting date
mengevaluasi apakah terdapat bukti yang whether there is objective evidence that a
obyektif bahwa aset keuangan atau financial asset or group of financial assets
kelompok aset keuangan mengalami is impaired.
penurunan nilai.
Aset keuangan atau kelompok aset A financial asset or a group of financial

keuangan diturunkan nilainya dan kerugian assets is impaired and impairment losses
penurunan nilai terjadi, jika dan hanya jika, are incurred only if there is objective
terdapat bukti yang obyektif mengenai evidence of impairment as a result of one
penurunan nilai tersebut sebagai akibat dari or more events that occurred after the initial
satu atau lebih peristiwa yang terjadi setelah
that loss event (or events) has an impact on
the estimated future cash flows of the
merugikan tersebut berdampak pada financial asset or group of financial assets
estimasi arus kas masa depan atas aset that can be reliably estimated.
keuangan atau kelompok aset keuangan
yang dapat diestimasi secara handal.
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PT BANK BTPN Tbk



Kriteria yang digunakan oleh Bank untuk The criteria used by the Bank to determine
menentukan bukti obyektif dari penurunan that there is objective evidence of an
nilai termasuk sebagai berikut: impairment loss include the followings:
a) kesulitan keuangan signifikan yang a) significant financial difficulty of the

dialami penerbit atau pihak issuer or obligor;
peminjam;
b) pelanggaran kontrak, seperti b) a breach of contract, such as a default
terjadinya wanprestasi atau or delinquency in interest or principal
tunggakan pembayaran pokok atau payments;
412 bunga;
c) pihak pemberi pinjaman, dengan c) the lender, for economic or legal
alasan ekonomi atau hukum
sehubungan dengan kesulitan financial difficulty, granting to the

keuangan yang dialami pihak borrower a concession that the lender
peminjam, memberikan keringanan would not otherwise consider;
(konsesi) pada pihak peminjam
yang tidak mungkin diberikan jika
pihak peminjam tidak mengalami
kesulitan;
d) terdapat kemungkinan bahwa pihak d) it becomes probable that the borrower
peminjam akan dinyatakan pailit will enter bankruptcy or other financial
atau melakukan reorganisasi reorganisation;
keuangan lainnya;
e) hilangnya pasar aktif dari aset e) the disappearance of an active market
keuangan akibat kesulitan for that financial asset because of
keuangan; atau financial difficulties; or
f) data yang dapat diobservasi f) observable data indicating that there

mengindikasikan adanya penurunan is a measurable decrease in the
yang dapat diukur atas estimasi arus estimated future cash flows.
kas masa datang;
Periode yang diestimasi antara terjadinya The estimated period between a loss
peristiwa dan teridentifikasinya kerugian occurring and its identification is determined
ditentukan oleh manajemen untuk setiap by the management for each identified
portofolio yang diidentifikasi. portfolio.
Pada awalnya, Bank menentukan apakah Initially, the Bank assesses whether
terdapat bukti obyektif seperti yang objective evidence of impairment for
dijelaskan di atas mengenai penurunan nilai financial asset exists as described above.
atas aset keuangan. Penilaian individual An individual assessment is performed on
dilakukan atas aset keuangan yang the significant impaired or restructured
signifikan yang mengalami penurunan nilai. financial asset. The impaired financial
Aset keuangan yang tidak signifikan namun assets which are not classified as
mengalami penurunan nilai atau individually significant are included in a
direstrukturisasi dimasukkan dalam group of financial asset with similar credit
kelompok aset keuangan yang memiliki risk characteristics and collectively
karakteristik risiko yang serupa dan assessed.
dilakukan penilaian secara kolektif.
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PT BANK BTPN Tbk


Jika Bank menilai bahwa tidak terdapat bukti If the Bank assesses that there is no
obyektif mengenai penurunan nilai atas aset objective evidence of impairment for
keuangan yang dinilai secara individual, baik individually assessed financial asset, both
aset keuangan tersebut signifikan atau tidak, for significant and insignificant amount,
maka akun atas aset keuangan tersebut hence the account of financial asset will be
akan masuk ke dalam kelompok aset included in a group of financial asset with
keuangan yang memiliki karakteristik risiko similar credit risk characteristics and
kredit yang serupa dan menilai penurunan collectively assesses them for impairment.
nilai kelompok tersebut secara kolektif. Akun Accounts that are individually assessed for
yang penurunan nilainya dinilai secara impairment and for which an impairment
individual, dan untuk itu kerugian penurunan loss is or continues to be recognised are not
nilai diakui atau tetap diakui, tidak termasuk included in a collective assessment of 413
dalam penilaian penurunan nilai secara impairment.
kolektif.

Jumlah kerugian penurunan nilai diukur The amount of loss is measured as the
berdasarkan selisih antara nilai tercatat aset difference between the
keuangan dengan nilai kini dari estimasi arus amount and the present value of estimated
kas masa datang (kecuali kerugian yang future cash flows (excluding future losses
timbul di masa depan dari pinjaman yang from loans) discounted at the financial
diberikan) yang didiskontokan
menggunakan tingkat suku bunga efektif
awal dari aset keuangan tersebut.
Nilai tercatat aset tersebut dikurangi melalui The carrying amount of the asset is reduced
akun cadangan kerugian penurunan nilai through the use of an allowance account
dan beban kerugian diakui pada laba rugi. and the amount of the loss is recognised in
Jika pinjaman yang diberikan atau investasi the profit or loss. If a loan or held to maturity
dimiliki hingga jatuh tempo memiliki suku investment has a variable interest rate, the
bunga variabel, maka tingkat diskonto yang discount rate for measuring any impairment
digunakan untuk mengukur setiap kerugian loss is the current effective interest rate
penurunan nilai adalah suku bunga efektif determined under the contract.
terkini yang berlaku yang ditetapkan dalam
kontrak.
Perhitungan nilai kini dari estimasi arus kas The calculation of the present value of the
masa datang atas aset keuangan dengan estimated future cash flows of a collateralised
mencerminkan arus kas yang dapat financial asset reflects the cash flows that may
dihasilkan dari pengambilalihan agunan result from foreclosure less costs for obtaining
dikurangi biaya-biaya untuk memperoleh and selling the collateral, whether or not
dan menjual agunan, terlepas apakah foreclosure is probable.
pengambilalihan tersebut berpeluang terjadi
atau tidak.
Untuk tujuan evaluasi penurunan nilai For the purpose of a collective evaluation of
secara kolektif, aset keuangan impairment, financial assets are grouped on
dikelompokkan berdasarkan kesamaan the basis of similar credit risk characteristics
karakteristik risiko kredit seperti such as considering credit segmentation and
mempertimbangkan segmentasi kredit dan past due status.
status tunggakan.
53
PT BANK BTPN Tbk



Karakteristik yang dipilih adalah relevan Those characteristics are relevant to the
dengan estimasi arus kas masa datang estimation of future cash flows for groups of
dari kelompok aset tersebut yang such assets which indicate debtors or
mengindikasikan kemampuan debitur
atau pihak lawan untuk membayar according to the contractual terms of the
seluruh saldo terutang sesuai persyaratan assets being evaluated.
kontrak dari aset yang dievaluasi.
Bank menggunakan statistical model The Bank uses statistical model analysis
analysis method, yaitu roll rates dan method, namely roll rates and migration
migration analysis method untuk penilaian analysis methods for financial assets
414 penurunan nilai aset keuangan yang impairment which collectively assessed.
ditinjau secara kolektif.
Pada migration analysis method, In migration analysis method, management

manajemen menentukan estimasi periode determines 12 to 36 months as the estimated
antara terjadinya peristiwa dan and identification period between a loss
teridentifikasinya kerugian untuk setiap occuring for each identified portfolio.
portofolio yang diidentifikasi, yaitu
12 sampai 36 bulan.
Ketika pinjaman yang diberikan tidak When a loan receivable is uncollectible, the
tertagih, aset tersebut dihapusbuku asset is written-off against the related
dengan menjurnal balik cadangan allowance for impairment losses. Such
kerugian penurunan nilai. Aset tersebut assets are written-off after all necessary
dapat dihapusbuku setelah semua procedures have been completed and the
prosedur yang diperlukan telah dilakukan amount of the loss has been determined.
dan jumlah kerugian telah ditentukan.
Beban pembentukan cadangan kerugian The provision expense of impairment losses

penurunan nilai diakui pada laba rugi is recognised in the current year profit or
tahun berjalan. loss.
Jika, pada periode berikutnya, jumlah If, in a subsequent period, the amount of the
kerugian penurunan nilai berkurang dan impairment loss decreases and the decrease
pengurangan tersebut dapat dikaitkan can be related objectively to an event
secara obyektif pada peristiwa yang occurring after the impairment was
terjadi setelah penurunan nilai diakui recognised (such as an improvement in the
(seperti meningkatnya peringkat kredit
debitur), maka kerugian penurunan nilai recognised impairment loss is reversed by
yang sebelumnya diakui harus dipulihkan, adjusting the allowance account. The
dengan menyesuaikan akun cadangan. amount of the reversal is recognised in the
Jumlah pemulihan aset keuangan diakui current year profit or loss.
pada laba rugi tahun berjalan.
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Penerimaan kembali atas pinjaman yang Subsequent recoveries of loans written off
diberikan yang telah dihapusbukukan pada in the current year are credited to the
tahun berjalan dikreditkan pada akun allowance for impairment losses.
cadangan kerugian penurunan nilai. Subsequent recoveries of loans written off
Penerimaan kembali atas pinjaman yang in previous year are recognised as other
diberikan yang telah dihapusbukukan pada operating income.
tahun sebelumnya dicatat sebagai
pendapatan operasional lainnya.
i.2. Aset keuangan yang diukur pada nilai i.2. Financial assets measured at fair value
wajar melalui penghasilan komprehensif through other comprehensive income
lain dan tersedia untuk dijual and available for sale
Kebijakan berlaku mulai tanggal Policy applicable from 1 January 2020 415
1 Januari 2020
Pengukuran ECL untuk aset keuangan The ECL measurement for debt instrument

instrumen utang yang diukur pada nilai wajar financial assets measured at fair value
melalui penghasilan komprehensif lain through other comprehensive income uses
(FVOCI) menggunakan pendekatan dan the same approach and calculation model in
model perhitungan yang sama dengan measuring ECL for financial assets carried at
pengukuran ECL untuk aset keuangan yang amortised cost. For debt instrument financial
diukur pada biaya perolehan diamortisasi. assets in FVOCI category, the balance in
Untuk aset keuangan instrumen utang consolidated statement of financial position
dalam kategori FVOCI, saldo di laporan
posisi keuangan konsolidasian ECL held as a separate reserve within other
mencerminkan nilai wajar instrumen, comprehensive income. Changes in
dengan ECL dibukukan terpisah sebagai expected credit losses are recognised in the
cadangan pada penghasilan komprehensif current year profit or loss.
lain. Perubahan atas kerugian kredit
ekspektasian diakui pada laba rugi tahun
berjalan.
1 Januari 2020
Ketika terdapat bukti objektif adanya If there is objective evidence for impairment
penurunan nilai untuk aset yang tersedia exists for available for sale financial assets,
untuk dijual, kerugian kumulatif, yang the cumulative loss, measured as the
merupakan selisih antara biaya perolehan difference between the acquisition cost and
dengan nilai wajar kini, dikurangi kerugian the current fair value, less any impairment loss
penurunan nilai aset keuangan yang on that financial asset previously recognised
sebelumnya telah diakui pada laba rugi, in profit or loss, is removed from equity
dikeluarkan dari komponen ekuitas dan component and recognised in the current year
diakui pada laba rugi tahun berjalan. profit or loss.
Jika, pada periode berikutnya, nilai wajar dari If, in a subsequent period, the fair value of a
aset keuangan berupa instrument utang debt financial asset classified as available for
yang diklasifikasikan dalam kelompok sale increases and the increase can be
tersedia untuk dijual meningkat dan objectively related to an event occurring after
peningkatan tersebut dapat secara obyektif the impairment loss was recognised in profit
dihubungkan dengan peristiwa yang terjadi or loss, such impairment loss is reversed
setelah pengakuan kerugian penurunan nilai through the current year profit or loss.
pada laba rugi, maka kerugian penurunan
nilai tersebut harus dipulihkan melalui laba
rugi tahun berjalan.
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i.3. Piutang murabahah i.3. Murabahah receivables
Entitas Anak melakukan evaluasi The Subsidiary performs impairment
penurunan nilai secara kolektif karena evaluation collectively as all murabahah
seluruh piutang murabahah memiliki nilai receivables have individually insignificant
tidak signifikan secara individu. value.
Untuk penurunan nilai secara kolektif ini, For this collective impairment, the
Entitas Anak mengelompokkan portofolio Subsidiary classifies the receivables
piutang berdasarkan kesamaan portfolio based on the similarity of credit risk
karakteristik risiko kredit yaitu antara characteristics, that is between customers
nasabah yang diberikan restrukturisasi dan who were given restructuring and customers
nasabah yang tidak direstrukturisasi.. who were not restructured
Entitas Anak menggunakan model analissa The Subsidiary uses statistical analysis
statistik dalam perhitungan cadangan models in determining the collective
kerugian penurunan nilai secara kolektif, impairment loss allowance, that is the
yaitu metode migration analysis dan migration analysis method and the vintage
metode vintage analysis. analysis method
416
Metode migration analysis digunakan untuk The migration analysis method is used for
menentukan kerugian penurunan nilai dari determining the impairment loss for non-
nasabah yang tidak direstrukturisasi. Pada restructuring customers. In the migration
metode migration analysis, Entitas Anak analysis method, the Subsidiary determines
menentukan tingkat kerugian dari portofolio the loss rate of the portfolio from the period
selama periode antara terjadinya peristiwa between the occurrence of an default event
gagal bayar dengan saat kerugian and the identification of a loss for each
teridentifikasi untuk setiap portofolio yang identified portfolio witthin 12 months.
teridentifikasi dalam jangka waktu 12 bulan. Impairment losses on murabahah
Kerugian penurunan nilai atas piutang receivables are measured at the difference
murabahah diukur sebesar selisih antara between the carrying amount of the
nilai tercatat piutang murabahah dengan murabahah receivables and present value
nilai kini estimasi arus kas masa datang of estimated future cash flows discounted at
yang didiskonto menggunakan tingkat
imbal hasil efektif awal dari piutang effective rate of return.
murabahah tersebut.
Metode vintage analysis digunakan untuk The vintage analysis method is used to
menentukan kerugian penurunan nilai dari determine the impairment loss of
nasabah yang telah direstrukturisasi. Pada restructured customers. In the vintage
metode vintage analysis, Entitas Anak analysis method, the Subsidiary uses the
menentukan tingkat kerugian berdasarkan loss rate based on the Subsidiary
pengalaman Entitas Anak atas nasabah experience of previous restructured
yang diretrukturisasi sebelumnya dari customers from the retructuring date until
tanggal restrukturisasi sampai dengan the financing receivables were paid-off or
piutang pembiayaan tersebut lunas atau written-off.
dihapusbukukan.
Ketika pembiayaan yang diberikan tidak When a financing is uncollectible, it is
tertagih, pembiayaan tersebut dihapusbuku written-off against the related allowance for
dengan menjurnal balik cadangan kerugian impairment losses. Such financing is
penurunan nilai. Pembiayaan tersebut written-off after all necessary procedures
dapat dihapusbuku setelah semua have been completed and the amount of the
prosedur yang diperlukan telah terpenuhi loss has been determined.
dan jumlah kerugian telah ditentukan.
Penerimaan kembali atas pembiayaan Subsequent recoveries of financing written
yang telah dihapusbukukan pada tahun off in the current year are credited to the
berjalan dikreditkan pada akun provision for allowance for impairment
pembentukan cadangan kerugian losses account. Subsequent recoveries of
penurunan nilai. Penerimaan kembali atas financing written off in previous year are
pembiayaan yang telah dihapusbukukan recognised as other operating income.
pada tahun sebelumnya dicatat sebagai
pendapatan operasi lainnya.
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j. Giro pada Bank Indonesia dan bank-bank j. Current accounts with Bank Indonesia and
lain other banks
Setelah pengakuan awal, giro pada Bank Subsequent to initial recognition, current
Indonesia dan bank-bank lain diukur pada accounts with Bank Indonesia and other banks
biaya perolehan diamortisasi dengan are measured at amortised cost using the
menggunakan metode suku bunga efektif. effective interest rate method.
Giro pada Bank Indonesia termasuk giro Current accounts with Bank Indonesia include
wadiah Entitas Anak yang disajikan sebesar wadiah current accounts
biaya perolehan. Giro pada bank-bank lain which are stated at acquisition cost. Current
termasuk giro pada bank-bank lain Entitas accounts with other banks include the
Anak yang dinyatakan sebesar saldo giro Subsidiary s current accounts with other banks
dikurangi dengan cadangan kerugian which are stated at their outstanding balances,
penurunan nilai. net of allowance for impairment losses.
k. Penempatan pada Bank Indonesia dan k. Placements with Bank Indonesia and other
bank-bank lain banks
417
Setelah pengakuan awal, penempatan pada Subsequent to initial recognition, placements
Bank Indonesia dan bank-bank lain disajikan with Bank Indonesia and other banks are stated

sebesar biaya perolehan diamortisasi dengan at amortised cost using the effective interest
menggunakan metode suku bunga efektif. rate method.
Penempatan pada Bank Indonesia termasuk Placements with Bank Indonesia includes
penanaman dana pada Bank Indonesia berupa placements of funds with Bank Indonesia in the
Fasilitas Simpanan Bank Indonesia form of Bank Indonesia Deposit Facilities
dan Bank Indonesia Sharia Certificates
call money. SBIS merupakan sertifikat yang and call money. SBIS is certificate
diterbitkan Bank Indonesia sebagai bukti issued by Bank Indonesia as a proof of short-
penitipan dana berjangka pendek dengan akad term fund deposits under jualah agreements.
masing-masing adalah jualah. Penempatan Placements of FASBI, SBIS and call money are
pada FASBI, SBIS dan call money disajikan stated at acquisition cost.
sebesar biaya perolehan.
l. Efek-efek l. Securities
Efek-efek terdiri dari Sertifikat Investasi Securities consist of Certificate of Interbank
Indonesia, sukuk korporasi, Surat Berharga Indonesia Sukuk, corporate sukuk, Sovereign
Syariah Negara, reksa dana syariah, obligasi Sharia Securities, sharia mutual funds,
pemerintah yang diperdagangkan di pasar government bonds traded in the money market
uang dan pasar modal, dan wesel ekspor. and capital market, and export bills.
Efek-efek (selain obligasi syariah-sukuk, SIMA, Securities (other than sharia bonds-sukuk,
reksadana syariah, dan surat berharga lainnya SIMA, sharia mutual funds and other securities
berdasarkan prinsip syariah) pada awalnya based on sharia principles) are initially
dinilai berdasarkan nilai wajar ditambah measured at fair value plus directly attributable
dengan biaya transaksi yang dapat transaction costs and subsequent
diatribusikan secara langsung dan pengukuran measurement will depend on their
selanjutnya tergantung pada klasifikasinya. classification. Refer to Note 2h for the
Lihat Catatan 2h untuk kebijakan akuntansi accounting policy of financial assets measured
aset keuangan diukur pada nilai wajar melalui at fair value through profit or loss, fair value
laba rugi, penghasilan komprehensif lain dan through other comprehensive income and
biaya perolehan diamortisasi. amortised cost.
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l. Efek-efek (lanjutan) l. Securities (continued)
Premi dan/atau diskonto diamortisasi dan Premium and/or discount is amortised and
dilaporkan sebagai pendapatan bunga dengan reported as interest income using the effective
menggunakan metode suku bunga efektif. interest method.
Surat berharga syariah adalah surat bukti Sharia securities are proof of investments
investasi berdasarkan prinsip syariah yang based on sharia principles that are commonly
lazim diperdagangkan di pasar uang syariah traded in the sharia money market and/or
dan/atau pasar modal syariah antara lain sharia capital markets, including sharia bonds
obligasi syariah (sukuk), SIMA, reksa dana (sukuk), SIMA, sharia mutual funds and other
syariah dan surat berharga lainnya securities based on sharia principles.
berdasarkan prinsip syariah.
Bank dan Entitas Anak menentukan klasifikasi The Bank and Subsidiary determine the
investasi pada sukuk dan efek lain berprinsip classification of investments in sukuk and
syariah yang mempunyai karakteristik yang other securities under sharia principles which
serupa dengan sukuk, sesuai dengan PSAK have similar characteristic with sukuk, in
accordance with PSAK No. 110 (2015
Revision
418 follows:
1) Diukur pada biaya perolehan. Investasi 1) Measured at acquisition cost. The
tersebut dimiliki dalam suatu model usaha investment is held in a business model
yang bertujuan utama untuk memperoleh whereby the primary goal is to collect
arus kas kontraktual dan terdapat contractual cash flows and has contractual
persyaratan kontraktual dalam terms in determining the specific date of
menentukan tanggal tertentu atas principal payments and or the margin. At
pembayaran pokok dan atau hasilnya. the initial recognition, investments in sukuk
Pada saat pengakuan awal, investasi pada are measured at acquisition cost plus
sukuk diukur pada biaya perolehan directly attributable transaction costs.
termasuk biaya transaksi yang dapat Subsequent to initial recognition,
diatribusikan secara langsung untuk investments in sukuk are stated at
perolehan investasi tersebut. Setelah acquisition cost, plus unamortised portion
pengakuan awal, investasi pada sukuk of transaction costs that are amortised
dinyatakan sebesar biaya perolehan, using straight-line method, minus
ditambah biaya transaksi yang belum allowance for impairment losses, if any.
diamortisasi dengan menggunakan
metode garis lurus, dikurangi cadangan
kerugian penurunan nilai, jika ada.
2) Diukur pada nilai wajar melalui 2) Measured at fair value through other
penghasilan komprehensif lain. Investasi comprehensive income. The investment is
tersebut dimiliki dalam suatu model usaha held in a business model whereby the
yang bertujuan utama untuk memperoleh primary goal is to obtain contractual cash
arus kas kontraktual dan melakukan flows and to sell the sukuk, and has
penjualan sukuk, dan terdapat persyaratan contractual terms in determining the specific
kontraktual dalam menentukan tanggal date of principal payments and/or the
tertentu atas pembayaran pokok dan/atau results.
hasilnya.
Pada saat pengakuan awal, investasi pada At the initial recognition, investments in
sukuk diukur pada biaya perolehan sukuk are measured at acquisition cost plus
termasuk biaya transaksi yang dapat directly attributable transaction costs.
diatribusikan secara langsung untuk Subsequent to initial recognition,
perolehan investasi tersebut. Setelah investments in sukuk are stated at fair value.
pengakuan awal, investasi pada sukuk All changes in fair value are recognised in
dicatat sebesar nilai wajar. Seluruh other comprehensive income. When sukuk
perubahan nilai wajar diakui pada is derecognised, accumulated gain or loss
penghasilan komprehensif lain. Ketika which has previously recognised in other
investasi sukuk dihentikan pengakuannya, comprehensive income is reclassified to
akumulasi keuntungan atau kerugian yang profit or loss.
sebelumnya diakui dalam penghasilan
komprehensif lain dipindahkan ke laba
rugi.
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l. Efek-efek (lanjutan) l. Securities (continued)
3) Diukur pada nilai wajar melalui laba rugi. 3) Measured at fair value through profit or
Pada saat pengakuan awal, investasi pada loss. At the initial recognition, investments
sukuk diukur pada biaya perolehan tidak in sukuk are measured at acquisition cost
termasuk biaya transaksi. Biaya transaksi excluding transaction costs. Transaction
langsung diakui pada laba rugi. Setelah costs are directly recognised in profit or
pengakuan awal, investasi pada sukuk loss. Subsequent to initial recognition,
dicatat sebesar nilai wajar. Seluruh investments in sukuk are stated at fair
perubahan nilai wajar diakui pada laba rugi value. All changes in fair value are
tahun berjalan. recognised in the current year profit or loss.
Investasi dalam unit reksa dana syariah Investment in sharia mutual funds are
dinyatakan sebesar nilai wajar yang ditentukan presented at fair value which is measured
berdasarkan nilai aset bersih dari reksa dana based on net asset value of mutual funds at
pada tanggal pelaporan. Seluruh perubahan reporting date. All changes in net asset value
nilai aset bersih diakui pada penghasilan are recognised in other comprehensive
komprehensif lain. income.
m. Tagihan dan liabilitas derivatif m. Derivative receivables and payables
419
Dalam melakukan usaha bisnisnya, Bank In the normal course of business, the Bank
melakukan transaksi instrumen keuangan enters into transactions involving derivative
derivatif seperti swap mata uang asing, cross financial instruments such as foreign currency

currency swap, dan swap suku bunga. swap, cross currency swap, and interest rate
swap.
Instrumen keuangan derivatif diakui pada nilai Derivative financial instruments are recognised
wajar, dengan biaya transaksi yang terjadi at their fair value, with transaction costs
diakui langsung pada laba rugi. Derivatif recognised directly in profit or loss. Derivative
dicatat sebagai aset apabila memiliki nilai are carried as assets when the fair value is
wajar pasar positif dan sebagai liabilitas positive and as liabilities when the fair value is
apabila memiliki nilai wajar negatif. negative.
Keuntungan atau kerugian yang terjadi dari Gains or losses as a result of fair value changes
perubahan nilai wajar diakui sebagai laba rugi are recognised as current year profit or loss.
tahun berjalan.
n. Tagihan dan liabilitas akseptasi n. Acceptance receivables and payables
Tagihan akseptasi disajikan sebesar biaya Acceptance receivables are stated at amortised
perolehan diamortisasi dengan menggunakan cost using the effective interest rate method less
metode suku bunga efektif dikurangi cadangan allowance for impairment losses, where
kerugian penurunan nilai, jika diperlukan. appropriate.
Liabilitas akseptasi pada awalnya diakui Acceptance payables are recognised initially at
sebesar nilai wajar dan selanjutnya diukur pada fair value and subsequently measured at
biaya perolehan diamortisasi dengan amortised cost using the effective interest rate
menggunakan metode suku bunga efektif. method.
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as

biaya perolehan diamortisasi. Lihat Catatan 2h amortised cost. Refer to Note 2h for the
untuk kebijakan akuntansi mengenai biaya accounting policy of amortised cost.
perolehan diamortisasi.
o. Pinjaman yang diberikan dan pembiayaan/ o. Loans and sharia financing/receivables

piutang syariah
Pinjaman yang diberikan adalah penyediaan Loans represent disbursement of cash or cash
uang atau tagihan yang dapat disetarakan equivalent based on agreements with
dengan kas, berdasarkan persetujuan atau borrowers, where borrowers are required to
kesepakatan pinjam-meminjam dengan debitur repay their debts with interest after a specified
yang mewajibkan debitur untuk melunasi utang period.
berikut bunganya setelah jangka waktu
tertentu.
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piutang syariah (lanjutan) (continued)
Pembiayaan bersama dicatat sesuai dengan Joint financing is recorded according to the
porsi kredit yang risikonya ditanggung oleh proportion of risks borne by the Bank and
Bank, dan dinyatakan sebesar biaya perolehan stated at amortised cost.
diamortisasi.
Pinjaman yang diberikan diklasifikasikan Loans are classified as amortised cost. Refer to
sebagai biaya perolehan diamortisasi. Lihat Note 2h for the accounting policy of amortised
Catatan 2h untuk kebijakan akuntansi cost.
mengenai biaya perolehan diamortisasi.
Termasuk dalam pinjaman yang diberikan Included in the loans are sharia financing/
adalah pembiayaan/piutang syariah yang receivables which consist of murabahah
terdiri dari piutang murabahah, pembiayaan receivables, musyarakah financing and qardh
musyarakah dan pinjaman qardh. financing.
Murabahah adalah akad jual beli antara Murabahah is a sale and purchase contract
420 nasabah dengan Entitas Anak, dimana Entitas between the customer and the Subsidiary,
Anak membiayai kebutuhan barang untuk whereby the Subsidiary finances the goods for
konsumsi, investasi dan modal kerja nasabah, consumption, investment and working capital
yang dijual dengan harga pokok ditambah needs of the customer, sold with a principle
dengan marjin yang diketahui dan disepakati price plus a certain margin that is mutually
bersama. Pembayaran atas pembiayaan ini informed and agreed. Repayment on this
dilakukan dengan cara mengangsur dalam financing is made in installments within a
jangka waktu yang ditentukan. specified period.
Piutang murabahah pada awalnya diukur pada Murabahah receivables are initially measured
nilai bersih yang dapat direalisasi ditambah at net realisable value plus directly attributable
dengan biaya transaksi yang dapat transaction costs and additional costs to obtain
diatribusikan secara langsung dan biaya the respective murabahah receivables.
tambahan untuk memperoleh piutang Subsequent to the initial recognition, they are
murabahah tersebut. Setelah pengakuan awal, measured at amortised cost using the effective
piutang murabahah diukur pada biaya rate of return method less deferred margin
perolehan diamortisasi menggunakan metode income and allowance for impairment losses.
imbal hasil efektif dikurangi pendapatan margin
yang ditangguhkan dan cadangan kerugian
penurunan nilai.
Pembiayaan musyarakah adalah akad Musyarakah financing is an agreement

kerjasama antara dua pihak atau lebih untuk between two or more parties for a particular
suatu usaha tertentu, dimana masing-masing business, in which each party contributes funds
pihak memberikan kontribusi dana dengan with the terms that profits are shared according
ketentuan bahwa keuntungan dibagi to the agreement, while losses are borne by
berdasarkan kesepakatan, sedangkan each party proportionate to the amount of fund
kerugian berdasarkan porsi kontribusi dana. contributions. The fund consists of cash or non-
Dana tersebut meliputi kas atau aset non-kas cash assets allowed by sharia.
yang diperkenankan oleh syariah.
Pembiayaan musyarakah dinyatakan sebesar Musyarakah financing is stated at outstanding

saldo pembiayaan dikurangi dengan saldo balance, net of allowance for impairment
cadangan kerugian penurunan nilai. Entitas losses. The Subsidiary provides allowance for
Anak menetapkan cadangan kerugian impairment losses based on the financing
penurunan nilai sesuai dengan kualitas quality as determined by a review of each
pembiayaan berdasarkan penelaahan atas account.
masing-masing saldo pembiayaan.
Pinjaman qardh adalah penyaluran dana Funds of qardh represent a distribution of funds
dengan akad qardh. with qardh agreement.
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Pinjaman qardh adalah penyediaan dana atau Funds of qardh represent funds provided or
tagihan yang dapat dipersamakan dengan itu similar claims based on an agreement or
berdasarkan persetujuan atau kesepakatan contract between the borrower and the
antara peminjam dan Entitas Anak yang Subsidiary, wherein the borrower should repay
mewajibkan peminjam melunasi utangnya the loan after a specified period of time.
setelah jangka waktu tertentu.
Pinjaman qardh diakui sebesar total dana yang A funds of qardh is recognised in the amount
dipinjamkan pada saat terjadinya. Entitas Anak lent at the transaction date. The Subsidiary
dapat menerima imbalan namun tidak may receive a fee, however, this should not be
diperkenankan untuk dipersyaratkan di dalam stated in the agreement. The fee is recognised
perjanjian. Imbalan tersebut diakui pada saat upon receipt.
diterima.
Pinjaman qardh disajikan sebesar saldonya Funds of qardh is stated at its outstanding
dikurangi cadangan kerugian penurunan nilai. balance less allowance for impairment losses.
Modifikasi pinjaman yang diberikan Modification of loans
Skema modifikasi pinjaman yang diberikan Modification schemes for loans can be in the 421
dapat berupa penyesuaian pada suku bunga, form of adjustment on interest rate, loan
pokok bunga dan tunggakan bunga, principal and past due interest, extension of

perpanjangan jangka waktu jatuh tempo, repayment period, rescheduling of installments
penjadwalan kembali pembayaran angsuran and other modification of the terms of the loans.
serta modifikasi persyaratan kredit lainnya.
Jika persyaratan perjanjian suatu pinjaman If the terms of a loan are modified, then the
dimodifikasi, maka Bank mengevaluasi apakah Bank evaluates whether the contractual cash
arus kas kontraktual dari pinjaman yang flows of the modified asset are substantially
termodifikasi berbeda secara signifikan. different.
Jika arus kas berbeda secara signifikan, maka If the cash flows are substantially different, then
hak kontraktual atas arus kas dari aset the contractual rights to cash flows from the
keuangan yang original sebenarnya telah original financial asset are deemed to have
kadaluarsa. Dalam hal ini, aset keuangan yang expired. In this case the original financial asset
original dihentikan pengakuannya dan aset is derecognized and a new financial asset is
keuangan yang baru diakui pada nilai wajar recognized at fair value plus any eligible
ditambah biaya transaksi yang memenuhi transaction costs. Any fees received as part of
syarat. Imbalan yang diterima sebagai bagian the modification are accounted for as follows:
dari modifikasi diperhitungkan sebagai berikut:
- Imbalan yang dipertimbangkan sewaktu - fees that are considered in determining

menentukan nilai wajar dari aset baru dan that fair value of the new asset and fees
imbalan yang merupakan pembayaran represent reimbursement of eligible
kembali (reimbursement) dari biaya transaction costs are included in the initial
transaksi yang memenuhi syarat akan measurement of the asset; and
dimasukkan sebagai pengakuan awal aset;
dan
- imbalan lainnya dimasukkan ke dalam laba - other fees are included in profit or loss as
rugi sebagai bagian dari keuntungan atau part of the gain or loss derecognition.
kerugian dari penghentian pengakuan.
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Modifikasi pinjaman yang diberikan (lanjutan) Modification of loans (continued)
Jika modifikasi aset keuangan yang diukur pada If the modification of a financial asset
biaya perolehan diamortisasi tidak measured at amortised cost does not result in
mengakibatkan penghentian pengakuan aset derecognition of the financial asset, then the
keuangan, maka Bank terlebih dahulu Bank first recalculates the gross carrying
menghitung kembali nilai tercatat bruto aset amount of the financial asset using the original
keuangan menggunakan suku bunga efektif effective interest rate of the asset and
awal aset tersebut dan mengakui selisih recognizes the resulting adjustment as
penyesuain sebagai keuntungan atau kerugian modification gain or loss in profit or loss. Any
modifikasi di dalam laba rugi. Biaya atau costs or fees incurred and modification fees
imbalan yang terjadi dan imbalan modifikasi received are adjusted to the gross carrying
yang diterima disesuaikan ke nilai tercatat bruto amount of the modified financial asset and are
dan diamortisasi selama sisa jangka waktu aset amortised over the remaining term of the
keuangan yang dimodifikasi. modified financial asset.
Jika modifikasi dilakukan karena alasan risiko If a modification is carried out because of
kredit, maka keuntungan atau kerugian credit-risk reason, then the gain or loss is
422 disajikan sebagai kerugian penurunan nilai. presented together with impairment losses. In
Selain karena alasan ini, keuntungan atau other cases, it is presented as interest income
kerugian disajikan sebagai pendapatan bunga calculated using the effective interest rate
yang dihitung dengan menggunakan metode method.

suku bunga efektif.
Dalam keadaan yang tidak biasa, setelah In some unusual circumstances, after changes
perubahan atau modifikasi yang mengakibatkan or modifications that result in de-recognition of
penghentian pengakuan aset keuangan awal, the original financial asset, there may be
mungkin terdapat bukti bahwa aset modifikasian evidence that the modified asset is credit-
memburuk pada pengakuan awal. Dengan impaired at initial recognition. Accordingly, the
demikian, aset keuangan tersebut diakui financial asset should be recognized as an
sebagai aset keuangan yang memburuk pada originated credit-impaired financial asset.
pengakuan awal.
Perubahan atau modifikasi yang dilakukan Changes or modifications that were made on
karena resiko kredit, dapat dipertimbangkan the basis of credit risk reason can be
sebagai indikasi aset keuangan yang berasal considered as an indication of originated
dari aset keuangan yang memburuk pada credit-impaired financial assets. Meanwhile
pengakuan awal. Sedangkan perubahan atau changes or modifications that were made on
modifikasi yang dilakukan dengan dasar
pertimbangan bisnis, mungkin tidak diakui be recognized as originated credit-impaired
sebagai aset keuangan yang memburuk pada financial assets. However, comprehensive
pengakuan awal. Namun, penilaian ini perlu valuation should be performed to determine
dilakukan secara menyeluruh untuk whether initial recognition of financial assets
menentukan apakah pengakuan awal aset has deteriorated at initial recognition.
keuangan telah memburuk pada saat
pengakuan awal.
p. Penyertaan saham p. Investment in shares
Kebijakan berlaku mulai tanggal 1 Januari Policy applicable from 1 January 2020
2020
Penyertaan saham dengan persentase Investment in shares with an ownership
kepemilikan di bawah 20% dan tidak memiliki interest below 20% and have no significant
pengaruh signifikan pada awalnya diakui influence is initially recognised at fair value
sebesar nilai wajar dan selanjutnya diukur pada and subsequently measured at fair value
nilai wajar melalui laba rugi. through profit or loss.
Dividen kas yang diterima dari penyertaan Cash dividend received from investment in
saham diakui sebagai pendapatan. shares is recognised as income.
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PT BANK BTPN Tbk

p. Penyertaan saham (lanjutan) p. Investment in shares (continued)

1 Januari 2020
Penyertaan saham merupakan investasi yang Investment in shares represents investment

diklasifikasikan sebagai aset keuangan tersedia that is classified as available for sale financial
untuk dijual yang pada awalnya dicatat sebesar assets which are carried at acquisition cost at
biaya perolehan karena terdiri dari efek ekuitas initial recognition as it consists of unquoted
tanpa harga kuotasi yang nilai wajarnya tidak equity securities which fair value cannot be
dapat diukur secara andal, kecuali untuk reliably measured, except for certain
penyertaan saham yang memiliki harga kuotasi, investment in shares that has quoted price at
maka dicatat sebesar nilai wajar pada initial recognition. Subsequent to initial
pengakuan awal. Setelah pengakuan awal, recognition, investment in shares that have
penyertaan yang mempunyai harga kuotasi quoted price are measured at fair value.
tersebut diukur pada nilai wajar.
Dividen kas yang diterima dari penyertaan Cash dividend received from investment in
saham diakui sebagai pendapatan. shares is recognised as income.
q. Beban dibayar dimuka q. Prepayments 423
Beban dibayar dimuka adalah beban yang telah Prepayments are expenses which have been
dibayarkan tetapi belum diakui sebagai beban paid but not yet recognised as an expense in

pada periode terjadinya. Beban dibayar dimuka the related period. Prepayments are recognised
akan diakui sebagai beban pada laba rugi pada as expenses in the profit or loss when it is
saat diamortisasi sesuai dengan masa amortised in accordance with the expected
manfaatnya. period of benefit.
r. Aset tetap r. Fixed assets
Tanah disajikan sebesar nilai wajar, Land are presented at fair value based on
berdasarkan penilaian yang dilakukan oleh valuations performed by certified external
penilai independen eksternal yang telah independent valuers which are registered with
terdaftar di OJK. Penilaian atas aset tersebut OJK. Valuations are performed on a regular
dilakukan secara berkala dan apabila terdapat basis and if there is significant change in fair
perubahan nilai wajar yang signifikan untuk value to ensure that the fair value of a revalued
memastikan bahwa nilai wajar aset yang asset does not differ materially from its carrying
direvaluasi tidak berbeda secara material amount.
dengan jumlah tercatatnya.
Kenaikan nilai tercatat yang timbul dari The increases in the carrying amount arising on
pendapatan komprehensif lainnya. Penurunan comprehensive income. The decreases that

yang menghapus nilai kenaikan yang offset the previous increases are debited
sebelumnya atas aset tetap yang sama
as part of other comprehensive income; all
other decreases are charged to the current year
penurunan lainnya dibebankan pada laba rugi profit or loss.
tahun berjalan.
Tanah tidak disusutkan. Jika aset yang Land is not depreciated. When revalued assets
direvaluasi dijual, jumlah yang dicatat di dalam are sold, the amounts included in equity are
ekuitas dipindahkan ke saldo laba. transferred to retained earnings.
Aset tetap selain tanah diakui sebesar harga Fixed assets other than land are recognised at
perolehan setelah dikurangi akumulasi cost less accumulated depreciation.
penyusutan.
Harga perolehan termasuk pengeluaran yang Acquisition cost includes expenditure that is
dapat diatribusikan secara langsung atas directly attributable to the acquisition of the
perolehan aset tersebut. assets.
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PT BANK BTPN Tbk


r. Aset tetap (lanjutan) r. Fixed assets (continued)
Aset tetap, selain tanah, disusutkan selama Fixed assets, except land, are depreciated over
taksiran masa manfaat ekonomis aset tetap their expected useful lives using straight-line
dengan metode garis lurus dan diakui sebesar method and are stated at cost less accumulated
harga perolehan setelah dikurangi dengan depreciation.
akumulasi penyusutan.
Taksiran masa manfaat ekonomis aset tetap The expected useful lives of fixed assets are as
adalah sebagai berikut: follows:
Tahun/Years
Gedung 20 Buildings
Golongan I: Class I:
Kendaraan bermotor 4 Vehicles
Perlengkapan kantor 3, 4 & 8 Office equipment
Golongan II: Class II:
Kendaraan bermotor 3&5 Vehicles
Perlengkapan kantor 5&8 Office equipment
424 sesuai masa sewa/according to lease
Leasehold improvement period Leasehold improvement
Kendaraan bermotor yang termasuk dalam Motor vehicles classified in class I are
golongan I adalah sepeda motor sedangkan motorcycles whilst operational vehicles and
kendaraan operasional dan kendaraan dinas office vehicles for directors or commissioners
untuk direktur atau komisaris termasuk dalam are classified in class II.
golongan II.
Perlengkapan kantor yang termasuk dalam Office equipment classified as class I are
golongan I adalah mebel dan peralatan dari furniture and office equipment made from
kayu dan rotan, mesin kantor seperti mesin tik, wood, office machine such as typing machine,
mesin fotokopi, komputer, laptop, alat photocopy machine, computer, laptop,
komunikasi, alat dapur dan perlengkapan lain communication tools, kitchen set and other
seperti CCTV. Sedangkan yang termasuk equipment such as CCTV. Whilst office
dalam golongan II adalah mebel dan peralatan equipment classified as class II are furniture
dari logam seperti brankas, pendingin ruangan, and office equipment made from metal such as
dan generator listrik. safes, air conditioning and electrical generator.
Biaya-biaya setelah pengakuan awal diakui Subsequent costs are in

sebagai bagian dari nilai tercatat aset atau carrying amount or recognised as a separate
sebagai aset yang terpisah sebagaimana asset, as appropriate, only when it is probable
mestinya, hanya jika kemungkinan besar Bank that future economic benefits associated with
dan Entitas Anak akan mendapatkan manfaat the item will flow to the Bank and Subsidiary
ekonomis masa depan berkenaan dengan aset and the cost of the item can be measured
tersebut dan biaya perolehan aset dapat diukur reliably. The carrying amount of the replaced
dengan handal. Nilai tercatat komponen yang part is derecognised. Repairs and maintenance
diganti dihapuskan. Biaya perbaikan dan costs are charged to the current year profit or
pemeliharaan dibebankan ke dalam laba rugi loss.
tahun berjalan.
Apabila aset tetap tidak digunakan lagi atau When fixed assets are no longer in use or
dijual, maka nilai perolehan dan akumulasi disposed of, their costs and the related
penyusutannya dihapuskan dari laporan accumulated depreciation are written off in the
keuangan konsolidasian. Keuntungan atau consolidated financial statements. Net gains or
losses on disposals are determined by
kerugian bersih atas pelepasan aset tetap comparing the proceeds with the carrying
ditentukan dengan membandingkan hasil yang amount and are recognised in the current year
diterima dengan nilai tercatat dan diakui pada profit or loss.
laba rugi tahun berjalan.
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PT BANK BTPN Tbk

r. Aset tetap (lanjutan) r. Fixed assets (continued)
Akumulasi biaya konstruksi bangunan serta The accumulated costs of the construction of
pemasangan peralatan kantor, dikapitalisasi buildings and the installation of office
sebagai aset dalam penyelesaian. Biaya equipment are capitalized as construction in
tersebut direklasifikasi ke akun aset tetap pada progress. These costs are reclassified to fixed
saat proses konstruksi atau pemasangan assets accounts when the construction or
selesai. Penyusutan dimulai pada saat aset installation is completed. Depreciation is
tersebut siap untuk digunakan dengan tujuan charged from the date the assets are ready for
yang diinginkan manajemen. use in the manner intended by management.
Nilai tercatat aset segera diturunkan menjadi The

sebesar jumlah yang dapat dipulihkan ketika immediately to its recoverable amount when the
nilai tercatat aset lebih besar dari estimasi
jumlah yang dapat dipulihkan. estimated recoverable amount.
Nilai sisa aset, masa manfaat dan metode

penyusutan ditelaah dan jika perlu disesuaikan, depreciation method are reviewed and adjusted
pada setiap akhir periode pelaporan. if appropriate, at the end of each reporting
period. 425
s. Aset takberwujud s. Intangible assets

Goodwill Goodwill
Goodwill dinyatakan sebesar nilai perolehan Goodwill is carried at cost less accumulated
dikurangi akumulasi kerugian penurunan nilai. impairment losses. Goodwill impairment
Peninjauan atas penurunan nilai pada goodwill reviews are undertaken annually or more
dilakukan setahun sekali atau lebih sering frequently if events or changes in
apabila terdapat peristiwa atau perubahan circumstances indicate a potential impairment.
keadaan yang mengindikasikan adanya potensi
penurunan nilai.
Piranti lunak Software
Piranti lunak memiliki masa manfaat yang Software have a finite useful life and recognised
terbatas dan diakui sebesar harga perolehan, at acquisition cost, subsequently carried at cost
selanjutnya dicatat sebesar harga perolehan less accumulated amortisation and
dikurangi akumulasi amortisasi dan kerugian accumulated impairment losses.
penurunan nilai.
Biaya yang dikeluarkan untuk memperoleh Acquired computer software licences are
lisensi piranti lunak dan mempersiapkan piranti capitalized on the basis of the costs incurred to
lunak tersebut sehingga siap untuk digunakan acquire and bring to use the specific software.
dikapitalisasi.
Biaya yang terkait dengan pemeliharaan Costs associated with maintaining software
program piranti lunak diakui sebagai beban programs are recognised as expense when
pada saat terjadinya. Biaya pengembangan incurred. Development costs that are directly
yang dapat secara langsung diatribusikan attributable to the design and testing of
dalam pembuatan dan pengujian produk piranti identifiable and unique software products
lunak yang dapat diidentifikasi dan unik yang controlled by the Bank and Subsidiary are
dikendalikan oleh Bank dan Entitas Anak diakui recognised as intangible assets.
sebagai aset takberwujud.
Biaya yang dapat diatribusikan secara Directly attributable costs that are capitalized as
langsung dikapitalisasi sebagai bagian produk part of the software product include the
piranti lunak mencakup beban pekerja software development employee costs and an
pengembang piranti lunak dan bagian overhead appropriate portion of relevant overheads.
yang relevan.
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PT BANK BTPN Tbk


s. Aset takberwujud (lanjutan) s. Intangible assets (continued)
Piranti lunak (lanjutan) Software (continued)

Pengeluaran pengembangan lain yang tidak Other development expenditures that do not
memenuhi kriteria ini diakui sebagai beban meet these criteria are recognised as expense
pada saat terjadinya. Biaya pengembangan when incurred. Development costs previously
yang sebelumnya diakui sebagai beban tidak recognised as expense are not recognised as
dapat diakui sebagai aset pada periode asset in a subsequent period.
berikutnya.
Amortisasi diakui dalam laba rugi dengan Amortisation is recognised in profit or loss on a
menggunakan metode garis lurus sepanjang straight-line basis over the estimated useful life
masa manfaat piranti lunak tersebut, sejak of the software, from the date it is ready for use.
tanggal piranti tersebut siap untuk dipakai. The estimated useful life of software is 4-5
Estimasi masa manfaat dari piranti lunak years.
adalah 4-5 tahun.
Aset takberwujud dihentikan pengakuannya Intangible assets shall be derecognised or
atau dilepas ketika tidak lagi terdapat manfaat disposal when no future economic benefits are
masa depan yang diharapkan dari penggunaan expected from its use or disposal.
426 atau pelepasannya.
t. Aset lain-lain t. Other assets
Aset lain-lain sebagian besar terdiri dari Other assets mainly ATM transaction and
transaksi ATM dan transfer, jaminan sewa, aset transfer, rental security deposits, employee
imbalan kerja, tagihan kepada asuransi, uang benefit assets, receivables from insurance
muka, persediaan keperluan kantor, dan company, advance payment, office supplies,
agunan yang diambil alih. and foreclosed collateral.
Bank dan Entitas Anak mengakui kerugian The Bank and Subsidiary recognise impairment
penurunan nilai untuk aset lain-lain apabila losses of other assets if the recoverable amount
taksiran jumlah yang dapat diperoleh kembali of the assets is lower than the carrying value.
dari suatu aset lebih rendah dari nilai At each reporting date, the Bank and Subsidiary
tercatatnya. Pada setiap tanggal pelaporan, evaluate the recoverable amount of the assets
Bank dan Entitas Anak melakukan penelaahan to determine whether there is an indication of
untuk menentukan apakah terdapat indikasi impairment. Reversal of impairment losses is
penurunan nilai. Pemulihan penurunan nilai recognised as gain in the profit or loss when
diakui sebagai keuntungan dalam laba rugi incurred.
pada saat terjadinya.
u. Simpanan nasabah dan simpanan dari bank- u. Deposits from customers and deposits from
bank lain other banks
Simpanan nasabah adalah dana yang Deposits from customers are the funds placed
dipercayakan oleh masyarakat kepada Bank by customers to the Bank and Subsidiary based
dan Entitas Anak berdasarkan perjanjian on fund deposits agreements. Included in these
penyimpanan dana. Termasuk didalamnya accounts are current accounts, saving deposits,
adalah giro, tabungan, deposito berjangka, time deposits, deposits on call and sharia
deposito on call dan simpanan nasabah deposits from customers.
berdasarkan prinsip syariah.
Simpanan nasabah berdasarkan prinsip Sharia deposits consist of wadiah demand
syariah terdiri dari giro dan tabungan wadiah. deposits and saving deposits. Wadiah demand
Giro wadiah merupakan giro wadiah yadh- deposits are wadiah yadh-dhamanah demand
dhamanah yakni titipan dana pihak lain dimana deposits in which the funds owner will get a
pemilik dana mendapatkan bonus berdasarkan bonus based on the Subsidiary
kebijakan Entitas Anak. Giro wadiah dicatat Wadiah demand deposits are stated at the
sebesar saldo titipan pemegang giro wadiah. amount entrusted by depositors. Wadiah
Tabungan wadiah merupakan simpanan pihak saving deposits represent third party funds
lain yang bisa diambil kapan saja (on call) atau which can be taken at any time (on call) or by
berdasarkan kesepakatan dimana tidak ada an agreement which required no reward except
imbalan yang disyaratkan kecuali dalam bentuk in the form of voluntary
Entitas part of the Subsidiary.
Anak.
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PT BANK BTPN Tbk

u. Simpanan nasabah dan simpanan dari bank u. Deposits from customers and deposits from
lain (lanjutan) other banks (continued)
Simpanan dari bank-bank lain terdiri dari Deposits from other banks represent liabilities
liabilitas terhadap bank lain, dalam bentuk call to other domestic banks, in the form of call
money, giro, bank acceptance finance, dan money, current accounts, bank acceptance
tabungan. finance, and saving deposits.
Simpanan nasabah dan simpanan dari bank- Deposits from customers and deposits from
bank lain diklasifikasikan sebagai liabilitas other banks are classified as financial liabilities
keuangan yang diukur dengan biaya perolehan measured at amortised cost. Incremental costs
diamortisasi. Biaya tambahan yang dapat directly attributable to the acquisition of
diatribusikan secara langsung dengan deposits from customers and deposits from
perolehan simpanan nasabah dan simpanan other banks are deducted from the amount of
dari bank-bank lain dikurangkan dari jumlah deposits from customers and deposits from
simpanan nasabah dan simpanan dari bank- other banks.
bank lain.
Simpanan dari bank-bank lain disajikan Deposits from other banks are stated at the
sebesar jumlah liabilitas terhadap bank-bank amounts due to other banks.
lain.
427
v. Efek-efek yang diterbitkan v. Securities issued
Efek-efek yang diterbitkan mencakup surat Securities issued includes medium term notes

utang jangka menengah dan utang obligasi. and bonds payable.
Surat utang jangka menengah yang diterbitkan Medium term notes issued are initially
pada awalnya diakui sebesar nilai wajar dan recognised at fair value and subsequently
selanjutnya diukur pada biaya perolehan measured at amortised cost using the effective
diamortisasi dengan menggunakan metode interest method.
bunga efektif.
Utang obligasi dicatat sebesar nilai nominal Bonds payable are stated at nominal value net
dikurangi dengan biaya emisi yang belum of unamortised bond issuance cost. Costs
diamortisasi. Biaya emisi adalah biaya yang incurred in connection with the bonds payable,
terjadi sehubungan dengan utang obligasi, are recognised as a deferred expense and
diakui sebagai beban yang ditangguhkan dan offset directly from the proceeds derived from
dikurangkan langsung dari hasil emisi dan such offerings and amortised over the period of
diamortisasi selama jangka waktu utang the bonds payable using the effective interest
obligasi tersebut dengan menggunakan metode rate method.
suku bunga efektif.
w. Pinjaman yang diterima w. Borrowings
Pada saat pengakuan awal, pinjaman diakui Borrowings are initially recognised at fair value,
sebesar nilai wajar, dikurangi dengan biaya- net of transaction costs incurred. Borrowings
biaya transaksi yang terjadi. Selanjutnya, are subsequently carried at amortised cost; any
pinjaman yang diterima diukur sebesar biaya difference between the proceeds (net of
perolehan diamortisasi; selisih antara transaction costs) and the redemption value is
penerimaan (dikurangi biaya transaksi) dan recognised in the profit or loss over the period
nilai pelunasan dicatat pada laba rugi selama of the borrowings using the effective interest
periode pinjaman dengan menggunakan rate method.
metode suku bunga efektif.
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PT BANK BTPN Tbk


w. Pinjaman yang diterima (lanjutan) w. Borrowings (continued)
Biaya yang dibayar untuk memperoleh fasilitas Fees paid on the establishment of loan facilities
pinjaman diakui sebagai biaya transaksi are recognised as transaction costs of the loan
pinjaman sepanjang besar kemungkinan to the extent that it is probable that some or all
sebagian atau seluruh fasilitas akan ditarik. of the facility will be drawdown. In this case, the
Dalam hal ini, biaya memperoleh pinjaman fee is deferred until the draw-down occurs. To
ditangguhkan sampai penarikan pinjaman the extent that there is no evidence that it is
terjadi. Sepanjang tidak terdapat bukti bahwa probable that some or all of the facility will be
besar kemungkinan sebagian atau seluruh drawdown, the fee is capitalised as a pre-
fasilitas akan ditarik, biaya memperoleh payment for liquidity services and amortised
pinjaman dikapitalisasi sebagai pembayaran over the period of the facility to which it relates.
dimuka untuk jasa likuiditas dan diamortisasi
selama periode fasilitas yang terkait.
x. Imbalan kerja karyawan x. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
428 Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognised
terutang kepada karyawan. when they are payable to the employees.
Imbalan pascakerja Post-employment benefits
Liabilitas imbalan pascakerja dihitung sebesar The post-employment benefits liabilities are
nilai kini dari taksiran jumlah imbalan calculated at present value of estimated future
pascakerja di masa depan yang timbul dari jasa benefits that the employees have earned in
yang telah diberikan oleh karyawan tersebut return for their services in the current and prior
pada masa kini dan masa lalu. Perhitungan periods. The calculation is performed by an
dilakukan oleh aktuaris independen dengan independent actuary using the projected-unit-
metode projected-unit-credit. credit method.
Ketika imbalan pasca-kerja berubah, porsi When the benefits of a plan are changed, the
imbalan sehubungan dengan jasa yang telah portion of the benefits that relate to service by
diberikan oleh karyawan pada masa lalu, diakui employees is recognised immediately in profit
segera dalam laba rugi. Pengukuran kembali or loss. Remeasurements of the post-
liabilitas imbalan pascakerja (contohnya employment benefits liabilities (for example
keuntungan/kerugian aktuarial) diakui segera actuarial gain/loss) are recognised immediately
sebagai penghasilan komprehensif lain. as other comprehensive income.
Imbalan jangka panjang lainnya Other long-term benefits
Imbalan jangka panjang lainnya berupa cuti Other long-term benefits such as long service
berimbalan jangka panjang dihitung dengan leave are calculated using the projected unit
menggunakan metode projected unit credit dan credit method and discounted to present value.
didiskontokan ke nilai kini. Keuntungan dan Actuarial gains and losses arising from
kerugian aktuarial yang timbul dari penyesuaian experience adjustments and changes in
dan perubahan dalam asumsi-asumsi aktuarial actuarial assumption are recognised to the
diakui dalam laba rugi tahun berjalan. current year profit or loss.
y. Pinjaman subordinasi y. Subordinated loans
Pinjaman subordinasi pada awalnya diakui Subordinated loans are recognised initially at
sebesar nilai wajar dan selanjutnya diukur pada fair value and subsequently measured at
biaya perolehan diamortisasi dengan amortised cost using the effective interest rate
menggunakan metode suku bunga efektif. method.
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PT BANK BTPN Tbk

z. Dana syirkah temporer z. Temporary syirkah funds
Dana syirkah temporer adalah dana yang Temporary syirkah funds represent investment
diterima oleh Entitas Anak. received by Subsidiary.
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent
dengan akad mudharabah mutlaqah, yaitu investments from other parties conducted on
pemilik dana (shahibul maal) memberikan the basis mudharabah mutlaqah contract in
kebebasan kepada pengelola dana (mudharib/ which the owners of the funds (shahibul maal)
Entitas Anak) dalam pengelolaan investasinya grant freedom to the fund manager
sesuai prinsip syariah dengan keuntungan (mudharib/Subsidiary) in the management of
dibagikan sesuai kesepakatan. Dana syirkah their investments according to sharia principle
temporer terdiri dari tabungan mudharabah dan with profit distributed based on the agreement.
deposito mudharabah. Temporary syirkah funds consist of
mudharabah saving accounts and mudharabah
time deposits.
Tabungan mudharabah merupakan investasi Mudharabah saving accounts represent
yang bisa ditarik kapan saja (on call) atau investment which could be withdrawn anytime
sesuai dengan persyaratan tertentu yang (on call) or can be withdrawn based on certain
disepakati. Tabungan mudharabah dinyatakan agreed terms. Mudharabah saving deposits are
sebesar saldo tabungan nasabah di Entitas
429
Anak. balance at the Subsidiary.
Deposito mudharabah merupakan investasi

Mudharabah time deposits represent
yang hanya bisa ditarik pada waktu tertentu investment which can only be withdrawn at a
sesuai dengan perjanjian antara pemegang certain time based on the agreement between
deposito mudharabah dengan Entitas Anak. the customer and the Subsidiary. Mudharabah
Deposito mudharabah dinyatakan sebesar nilai time deposits are stated at nominal amount as
nominal sesuai dengan perjanjian antara agreed between the deposit holder and the
pemegang deposito dengan Entitas Anak. Subsidiary.
Dana syirkah temporer tidak dapat digolongkan Temporary syirkah funds cannot be classified
sebagai liabilitas. Hal ini karena Entitas Anak as liability, because the Subsidiary does not
tidak berkewajiban untuk menjamin have any obligation to return the initial funds to
pengembalian jumlah dana awal dari pemilik the owners if the Subsidiary experiences
dana bila Entitas Anak merugi kecuali kerugian losses, except for losses caused by the
akibat kelalaian atau wanprestasi. Di sisi lain, agement negligence or
dana syirkah temporer tidak dapat digolongkan default. On the other hand, temporary syirkah
sebagai ekuitas karena mempunyai waktu jatuh fund cannot be classified as equity,
tempo dan pemilik dana tidak mempunyai hak because of the maturity period and the
kepemilikan yang sama dengan pemegang depositors do not have the same rights as the
saham seperti hak voting dan hak atas realisasi shareholders such as voting rights and the
keuntungan yang berasal dari aset lancar dan rights of realised gain from current assets and
aset non-investasi. other non-investment accounts.
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds receives
imbalan bagi hasil sesuai dengan nisbah yang a return from the profit sharing based on a
ditetapkan. predetermined ratio.
aa. Modal saham aa. Share capital
Saham biasa diklasifikasikan sebagai ekuitas. Ordinary shares are classified as equity.
Tambahan biaya yang secara langsung terkait Incremental costs directly attributable to the
dengan penerbitan saham biasa atau opsi baru issuance of new ordinary shares or options are
disajikan pada bagian ekuitas sebagai shown in equity as a deduction, net of tax, from
pengurang, sebesar jumlah yang diterima the proceeds.
bersih setelah dikurangi pajak.
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aa. Modal saham (lanjutan) aa. Share capital (continued)
Saham tresuri Treasury shares

Ketika Bank membeli modal saham ekuitas When the Bank purchases the equity share
(saham tresuri), imbalan yang dibayar, capital (treasury shares), the consideration
termasuk biaya tambahan yang secara paid, including any directly attributable
langsung dapat diatribusikan (dikurangi pajak incremental costs (net of income taxes) is
penghasilan) dikurangkan dari ekuitas yang deduct
diatribusikan kepada pemilik ekuitas Bank equity holders until the shares are cancelled or
sampai saham tersebut dibatalkan atau reissued. Where such ordinary shares are
diterbitkan kembali. Ketika saham biasa subsequently reissued, any consideration
tersebut selanjutnya diterbitkan kembali, received, net of any directly attributable
imbalan yang diterima, dikurangi biaya incremental transaction costs and the related
tambahan transaksi yang terkait dan dampak income tax effects, is included in equity
pajak penghasilan yang terkait dimasukkan
kepada ekuitas yang dapat diatribusikan
kepada pemilik ekuitas Bank.
ab. Pembayaran berbasis saham ab. Share-based payments
Bank dan Entitas Anak menyediakan program The Bank and Subsidiary provide equity-settled
430 imbalan berbasis saham yang diselesaikan share-based compensation plans, under which
dengan ekuitas, dimana Bank dan Entitas Anak the Bank and Subsidiary give share option of
memberikan opsi instrumen ekuitas Bank
kepada karyawan sebagai imbalan atas jasa their services. The fair value of the options is
mereka. Nilai wajar opsi yang diberikan diakui recognised as an expense with a
sebagai beban dan dengan peningkatan pada corresponding increase in equity. The total
ekuitas. Jumlah nilai yang harus dibebankan amount to be expensed is determined by
ditentukan dengan mengacu kepada nilai wajar reference to the fair value of the options at grant
opsi pada tanggal diberikan: date:
- termasuk kinerja pasar (misalnya: harga - including any market performance
saham Bank);
price);
- tidak termasuk dampak dari jasa dan - excluding the impact of any service and
kondisi vesting yang tidak dipengaruhi non-market performance vesting
kinerja pasar (misalnya profitabilitas, target conditions (for example: profitability, sale
pertumbuhan penjualan dan tetap menjadi growth targets and remaining an employee
karyawan Bank atau Entitas Anak selama of the Bank or Subsidiary over a specified
periode waktu tertentu); dan time period); and
- termasuk dampak dari kondisi non-vesting. - including the impact of any non-vesting
conditions.
Syarat jasa dan syarat yang tidak dipengaruhi Service conditions and non-market
kinerja pasar dimasukkan di dalam asumsi performance are included in assumptions about
mengenai jumlah opsi yang diharapkan akan the number of options that are expected to vest.
menjadi hak (vest). Jumlah beban diakui The total expense is recognised over the
selama periode vesting, yaitu periode dimana vesting period, which is the period over which
seluruh kondisi vesting tertentu telah terpenuhi. all of the specified vesting conditions are to be
satisfied.
Setiap akhir periode pelaporan, Bank dan At the end of each reporting period, the Bank
Entitas Anak merevisi estimasi jumlah opsi and Subsidiary revise their estimates of the
yang diharapkan vest berdasarkan syarat jasa. number of options that are expected to vest
Selisih antara estimasi yang direvisi dengan based on the service conditions. The difference
jumlah estimasi sebelumnya, jika ada, diakui between the revised estimates and original
dalam laba rugi, dengan penyesuaian pada estimates, if any, is recognised in the profit or
ekuitas. loss, with a corresponding adjustment to equity.
Ketika opsi dieksekusi, Bank menerbitkan When the options are executed, the Bank
sejumlah saham baru atau menerbitkan issues new shares or reissue its treasury
kembali saham tresurinya (jika ada). Nilai kas shares (if any). The proceeds received, net of
yang diterima dikurangi dengan biaya transaksi any directly attributable transaction costs, are
yang dapat diatribusikan dikreditkan ke modal credited to share capital (nominal value) and
saham (nilai nominal) dan tambahan modal additional paid-in capital.
disetor.
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ac. Perpajakan ac. Taxation
Beban pajak penghasilan terdiri dari beban Income tax expense consists of current and
pajak kini dan beban pajak tangguhan. Beban deferred tax. Income tax expense is
pajak penghasilan diakui pada laba rugi, kecuali recognised in profit or loss except to the extent
untuk komponen yang diakui secara langsung that it relates to items recognised directly in
di ekuitas atau di penghasilan komprehensif equity or in other comprehensive income.
lain.
Beban pajak kini merupakan jumlah pajak yang Current tax expense is the amount of tax paid,
dibayar, atau terutang atas laba atau rugi kena or payable on taxable income or loss for the
pajak untuk tahun yang bersangkutan dengan year using tax rates substantively enacted as
menggunakan tarif pajak yang secara of the reporting date. Current tax also includes
substansial telah berlaku pada tanggal true-up adjustments made to the pervious
pelaporan. Pajak kini juga termasuk
penyesuaian yang dibuat untuk penyisihan with the income tax reported in annual tax
pajak tahun sebelumnya, baik untuk returns, or to account for differences arising
merekonsiliasi pajak penghasilan dengan pajak from tax assesments.
yang dilaporkan di surat pemberitahuan
tahunan, atau untuk memperhitungkan
perbedaan yang muncul dari pemeriksaan
pajak. 431
Beban pajak kini diukur menggunakan estimasi Current tax expense is measured using the
terbaik atas jumlah yang diperkirakan akan best estimate of the amount expected to be

dibayar atau diterima, dengan paid or received, taking into consideration the
mempertimbangkan ketidakpastian terkait uncertainty associated with the complexity of
dengan kompleksitas peraturan pajak. tax regulations.
Pajak tangguhan diakui atas perbedaan Deferred tax is recognised in respect of
temporer antara nilai tercatat aset dan liabilitas temporary differences between the carrying
untuk tujuan pelaporan keuangan dan nilai yang amounts of assets and liabilities for financial
digunakan untuk tujuan perpajakan. Pajak reporting purposes and the amounts used for
tangguhan diukur dengan menggunakan tarif taxation purposes. Deferred tax is measured at
pajak yang diharapkan untuk ditetapkan atas the tax rates that are expected to be applied to
perbedaan temporer pada saat pembalikan, temporary differences when they reverse,
berdasarkan peraturan yang telah berlaku atau based on the laws that have been enacted or
secara substantif berlaku pada tanggal substantively enacted as of the reporting date.
pelaporan. Kebijakan akuntansi ini juga This accounting policy also requires the
mengharuskan pengakuan manfaat pajak, recognition of tax benefits, such as tax loss
seperti rugi fiskal yang belum dikompensasi, carryforwards, which are originated in the
yang timbul dari periode berjalan yang current period that are expected to be realized
diharapkan akan direalisasi pada masa in the future periods, to the extent that
mendatang, apabila besar kemungkinan realisation of such benefits is probable.
manfaat pajak tersebut dapat direalisasi.
Aset pajak tangguhan merupakan saldo bersih Deferred tax assets represent the net
atas manfaat pajak tangguhan yang timbul dan remaining balance of deferred tax benefits that
dipergunakan sampai dengan tanggal have been originated and utilized through the
pelaporan. Aset pajak tangguhan ditelaah ulang reporting date. Deferred tax assets are
pada setiap tangal pelaporan dan dikurangkan reviewed at each reporting date and are
dengan manfaat pajak sejumlah nilai yang besar reduced to the extent that it is no longer
kemungkinan yang tidak dapat terealisasi; probable that the related tax benefit will be
pengurangan tersebut akan dibalik ketika realised; such reductions are reversed when
kemungkinan realisasi melalui laba kena pajak the probability of their realisation through future
di masa depan meningkat. taxable profits improves.
Aset pajak tangguhan yang belum diakui dinilai Unrecognised deferred tax assets are
kembali pada setiap tanggal pelaporan dan reassessed at each reporting date and
diakui sepanjang kemungkinan besar laba kena recognised to the extent that it has become
pajak masa depan akan tersedia untuk probable that future taxable income will be
digunakan. available against which they can be used.
Dalam menentukan jumlah pajak kini dan In determining the amount of current and
tangguhan, Bank dan Entitas Anak deferred tax, the Bank and Subsidiary take into
memperhitungkan dampak atas posisi pajak account the impact of uncertain tax positions
yang tidak pasti dan tambahan pajak serta and any additional taxes and penalties.
penalti.
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ac. Perpajakan (lanjutan) ac. Taxation (continued)
Koreksi atas kewajiban pajak diakui pada saat Amendments to tax obligations are recognised
surat ketetapan pajak diterima, atau apabila when an assessment is received, or if
diajukan keberatan dan atau banding, maka objection and or appeal is applied, when the
koreksi diakui pada saat keputusan atas results of the objection or the appeal are
keberatan atau banding itu diterima. received.
ad.((Pendapatan dan beban bunga dan ad. Interest income and expense and sharia
((pendapatan syariah dan hak pihak ketiga income and third parties shares on return
((atas bagi hasil dana syirkah temporer of temporary syirkah funds
(i). Pendapatan dan beban bunga (i). Interest income and expense
1 Januari 2020
Pendapatan bunga atas aset keuangan Interest income on financial assets held at
baik yang diukur dengan nilai wajar either fair value through other
melalui penghasilan komprehensif lain comprehensive income or amortised cost,
atau biaya perolehan diamortisasi, dan and interest expense on financial
beban bunga atas liabilitas keuangan liabilities held at amortised cost are
yang diukur dengan biaya perolehan recognised in profit or loss using the
432 diamortisasi, diakui pada laba rugi effective interest method.
menggunakan metode suku bunga efektif.
Metode suku bunga efektif adalah metode The effective interest method is a method
yang digunakan untuk menghitung biaya of calculating the amortised cost of a

perolehan diamortisasi dari aset atau financial asset or liability and of allocating
liabilitas keuangan dan metode untuk the interest income or expense over the
mengalokasikan pendapatan atau beban relevant period. The effective interest rate
bunga selama periode yang relevan. Suku is the rate that exactly discounts
bunga efektif adalah suku bunga yang estimated future cash payments or
secara tepat mendiskontokan estimasi receipts through the expected life of the
pembayaran atau penerimaan kas masa financial instrument, to the gross carrying
depan sepanjang umur yang diperkirakan amount of the financial asset or to the
atas instrumen keuangan, pada nilai amortised cost of the financial liability.
tercatat bruto dari aset keuangan atau When calculating the effective interest
pada biaya perolehan diamortisasi untuk rate for financial instruments other than
liabilitas keuangan. Saat menghitung purchased or originated credit-impaired
suku bunga efektif intrumen keuangan assets, the Bank estimates future cash
selain aset yang dibeli atau yang berasal flows considering all contractual terms of
dari aset keuangan memburuk, Bank the financial instrument but not expected
melakukan estimasi arus kas masa depan credit losses. For purchased or originated
dengan mempertimbangkan seluruh credit-impaired financial assets, a credit-
perjanjian kontraktual atas instrumen adjusted effective interest rate is
keuangan tapi tidak mempertimbangkan calculated using estimated future cash
kerugian kredit ekspektasian. Untuk aset flows including expected credit losses.
keuangan yang dibeli atau yang berasal The calculation of the effective interest
dari aset keuangan memburuk, suku rate includes transaction costs and fees
bunga efektif yang disesuaikan dengan that are an integral part of the effective
risiko kredit dihitung dengan interest rate.
menggunakan estimasi arus kas masa
depan termasuk kerugian kredit
ekspektasian. Perhitungan suku bunga
efektif termasuk biaya transaksi dan
imbalan yang merupakan bagian yang tak
terpisahkan dari suku bunga efektif.
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((atas bagi hasil dana syirkah temporer of temporary syirkah funds (continued)
(lanjutan)
(i). Pendapatan dan beban bunga (lanjutan) (i). Interest income and expense (continued)
Suku bunga efektif aset atau liabilitas The effective interest rate of a financial
keuangan dihitung pada saat pengakuan asset or financial liability is calculated on
awal aset atau liabilitas keuangan initial recognition of a financial asset or
tersebut. Dalam menghitung pendapatan financial liability. In calculating interest
dan beban bunga, suku bunga efektif income and expense, the effective
diterapkan atas nilai tercatat bruto aset interest rate is applied to the gross
keuangan (ketika aset tidak mengalami carrying amount of the asset (when the
penurunan nilai) atau atas biaya asset is not credit-impaired) or to the
perolehan diamortisasi dari liabilitas amortised cost of the financial liability.
keuangan. Suku bunga efektif direvisi The effective interest rate is revised as a
sebagai hasil dari perhitungan ulang result of periodic re-estimation of cash 433
estimasi arus kas dari intrumen dengan flows of floating-rate instruments to reflect
suku bunga mengambang secara berkala movements in market rates of interest.
untuk merefleksikan perubahan suku For financial assets that have become

bunga pasar. Untuk aset keuangan yang credit-impaired subsequent to initial
telah mengalami penurunan nilai setelah recognition, interest income is calculated
pengakuan awal, pendapatan bunga by applying the effective interest rate to
dihitung dengan menerapkan suku bunga the amortised cost of the financial asset.
efektif atas biaya perolehan diamortisasi If the asset is no longer credit-impaired,
aset keuangan tersebut. Jika aset then the calculation of interest income
tersebut tidak lagi mengalami penurunan reverts to the gross carrying amount.
nilai, maka perhitungan pendapatan
bunga kembali menggunakan nilai
tercatat bruto.
Kebijakan berlaku sebelum tanggal Policy applicable before 1 January
1 Januari 2020 2020
Pendapatan dan beban bunga untuk Interest income and expense for all
semua instrumen keuangan dengan interest-bearing financial instruments are
interest-bearing dicatat sebagai recognised as
di dalam laba rugi dengan menggunakan the effective interest rate method.
metode suku bunga efektif.
Metode suku bunga efektif adalah The effective interest rate method is a
metode yang digunakan untuk method of calculating the amortised cost
menghitung biaya perolehan diamortisasi of a financial asset or liability and of
dari aset atau liabilitas keuangan dan allocating the interest income or expense
metode untuk mengalokasikan over the relevant period. The effective
pendapatan atau beban bunga selama interest rate is the rate that exactly
periode yang relevan. Suku bunga efektif discounts estimated future cash
adalah suku bunga yang secara tepat payments or receipts through the
mendiskontokan estimasi pembayaran expected life of the financial instrument or
atau penerimaan kas di masa datang a shorter period, where appropriate, to
selama perkiraan umur dari instrumen the net carrying amount of the financial
keuangan, atau jika lebih tepat, asset or liability.
digunakan periode yang lebih singkat
untuk memperoleh nilai tercatat bersih
dari aset atau liabilitas keuangan.
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((atas bagi hasil dana syirkah temporer of temporary syirkah funds (continued)
(lanjutan)
(i). Pendapatan dan beban bunga (lanjutan) (i). Interest income and expense (continued)
Kebijakan berlaku sebelum tanggal Policy applicable before 1 January

1 Januari 2020 (lanjutan) 2020 (continued)
Pendapatan bunga atas aset keuangan Interest on impaired financial assets

yang mengalami penurunan nilai tetap continues to be recognised using the rate
diakui atas dasar suku bunga yang of interest used to discount the future
digunakan untuk mendiskonto arus kas cash flows for the purpose of measuring
masa datang dalam pengukuran kerugian the impairment losses.
penurunan nilai.
(ii). Pendapatan syariah (ii). Sharia income
434 Pendapatan pengelolaan dana oleh Income from fund management by

Entitas Anak sebagai mudharib terdiri atas Subsidiary as mudharib consist of income
pendapatan dari jual beli-margin from sales and purchases-murabahah
murabahah, pendapatan bagi hasil- margin, income from profit sharing-

pembiayaan musyarakah, dan musyarakah financing and other main
pendapatan usaha utama lainnya. operating income.
Pengakuan pendapatan atas piutang The revenue recognition of murabahah

murabahah yang tidak memiliki risiko yang receivables, which do not have significant
signifikan terkait dengan kepemilikan risk in relation with the ownership of
persediaan diakui pada laba rugi dengan inventory, are recognised in profit or loss
menggunakan metode tingkat imbal hasil using the effective rate of return method.
efektif.
Tingkat imbal hasil efektif merupakan Effective rate of return is an allocation

metode alokasi pengakuan pendapatan method of revenue recognition and the
dan merupakan tingkat imbal hasil yang rate which exactly discounts the
secara tepat mendiskontokan estimasi estimated future cash receipts through
penerimaan kas di masa depan selama the expected life of the murabahah
perkiraan umur dari piutang murabahah receivables to obtain the carrying amount
untuk memperoleh nilai tercatat piutang of murabahah receivables. When
murabahah. Pada saat menghitung tingkat calculating the effective rate of return, the
imbal hasil efektif, Entitas Anak Subsidiary estimates future cash flows by
mengestimasi arus kas di masa datang considering all contractual terms of the
dengan mempertimbangkan seluruh murabahah receivables, but does not
persyaratan kontraktual dalam piutang consider the loss of receivables in the
murabahah tersebut, tetapi tidak future. This calculation includes all
mempertimbangkan kerugian piutang di commissions, provisions and other forms
masa mendatang. Perhitungan ini received by the parties in a contract which
mencakup seluruh komisi, provisi dan are an integral part of the effective rate of
bentuk lain yang diterima oleh para pihak return, transaction costs and all other
dalam akad yang merupakan bagian tidak premiums or discounts.
terpisahkan dari tingkat imbal hasil efektif,
biaya transaksi, dan seluruh premi atau
diskon lainnya.
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ad. Pendapatan dan beban bunga dan ad. Interest income and expense and sharia
pendapatan syariah dan hak pihak ketiga income and third parties shares on return
atas bagi hasil dana syirkah temporer of temporary syirkah funds (continued)
(lanjutan)
(ii). Pendapatan syariah (lanjutan) (ii). Sharia income (continued)
Untuk pengakuan pendapatan atas For the recognition of income on

piutang murabahah yang telah restructured murabahah receivables with
direstrukturisasi dengan payment holiday payment holidays or scheme to postpone
atau skema penundaan pembayaran installment payments, the Bank will only
cicilan, Bank hanya mengakui pendapatan recognise margin income if the bank has
marjin apabila Bank cukup yakin bahwa a reasonable certainty that an installment
pembayaran angsuran akan diterima payment will be received in accordance
sesuai dengan kesepakatan dengan with the agreement with the customers.
nasabah.
Pendapatan bagi hasil - pembiayaan Income from profit sharing - musyarakah

musyarakah diakui dalam periode financing is recognised during the period
terjadinya hak bagi hasil sesuai nisbah of profit sharing in accordance with the
yang disepakati. pre-determined ratio. 435
(iii). Hak pihak ketiga atas bagi hasil dana (iii). s on return of

syirkah temporer temporary syirkah funds
Hak pihak ketiga atas bagi hasil dana

syirkah temporer merupakan bagian bagi temporary syirkah funds represents
hasil milik nasabah yang didasarkan pada
prinsip mudharabah atas hasil income derived from the management of
pengelolaan dana mereka oleh Entitas their funds by the Subsidiary under
Anak. Pendapatan yang dibagikan adalah mudharabah principles. Distributable
yang telah diterima (cash basis). income will be distributed from the cash
received (cash basis).
Pendapatan marjin atas pembiayaan yang Margin income on financing facilities and
diberikan dan atas aset produktif lainnya other earning assets (placements with
(penempatan pada Bank Indonesia, Bank Indonesia, placements with other
penempatan pada bank lain dan investasi banks and investments in securities) are
pada surat berharga) akan dibagikan distributed to fund owners and the
kepada nasabah pemilik dana dan Entitas Subsidiary based on proportion of funds
Anak sesuai dengan proporsi dana yang used in the financing and other earning
dipakai dalam pembiayaan yang diberikan assets. Likewise, the available margin
dan aset produktif lainnya. Selanjutnya, income is then distributed to fund owners
pendapatan marjin yang tersedia tersebut as shahibul maal and the Subsidiary as
kemudian didistribusikan ke nasabah mudharib based on a pre-determined ratio
pemilik dana sebagai shahibul maal dan (nisbah).
Entitas Anak sebagai mudharib sesuai
porsi nisbah bagi hasil yang telah
disepakati bersama sebelumnya.
Pendapatan marjin dari pembiayaan dan Margin income from financing facilities
aset produktif lainnya yang memakai dana and other earning assets using the
Entitas Anak, seluruhnya menjadi milik Subsidiary 's funds, are entirely shared for
Entitas Anak, termasuk pendapatan dari the Subsidiary, including income from the
transaksi Entitas Anak berbasis imbalan. Subsidiary s fee-based transactions.
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ae. Pendapatan provisi dan komisi ae. Fee and commission income
Pendapatan provisi dan komisi yang dapat Fees and commissions income directly
diatribusikan secara langsung kepada aktivitas attributable to lending activity are recognised as
peminjaman diakui sebagai pengurang biaya a deduction of lending cost and will be
pinjaman dan nilai tercatat atas pinjaman recognised as interest income by amortising the
tersebut akan diamortisasi sebagai pendapatan carrying value of loan using effective interest
bunga dengan menggunakan metode suku rate method.
bunga efektif.
Pada umumnya pendapatan provisi dan komisi Fees and commissions income are generally
diakui menggunakan basis akrual pada saat recognised on an accrual basis when the
jasa telah diberikan. Pendapatan provisi atas service has been provided. Loan commitment
komitmen memberikan pinjaman yang fees for loans that are likely to be drawn down
kemungkinan besar akan dicairkan (bersama- are (together with related direct costs)
sama dengan biaya transaksi lain yang terkait recognised as an adjustment to the effective
langsung) diakui sebagai penyesuaian atas interest rate on the loan.
suku bunga efektif atas pinjaman yang
diberikan.
436
Pendapatan provisi dan komisi yang tidak Fees and commissions income which are not
berkaitan dengan kegiatan pemberian kredit related to lending activities are recognised as
diakui sebagai pendapatan pada saat revenue on the transaction date and classified
terjadinya transaksi dan diklasifikasikan under other operating income.
sebagai pendapatan operasional lainnya.
af. Pendapatan dan beban operasional lainnya af. Other operating income and expenses
Pendapatan operasional lainnya sebagian Other operating income mainly consists of third
besar terdiri dari administrasi dana pihak party fund administration income, loan
ketiga, komisi atas pinjaman yang diberikan, commission income, recovery of loans writen-
penerimaan kembali kredit yang dihapusbuku, off, sale of investment product and early
penjualan produk investasi, dan denda termination penalty and late penalty.
pelunasan dipercepat dan keterlambatan.
Pendapatan dari komisi asuransi merupakan Insurance commission income represents the
pendapatan yang diperoleh Bank berdasarkan
persentasi tertentu dari total premi yang insurance premium paid by the Bank to
dibayarkan oleh Bank kepada perusahaan insurance company on behalf of customers.
asuransi atas nama nasabah.
Beban umum dan administrasi merupakan General and administrative expenses represent
beban yang timbul sehubungan dengan expenses related
aktivitas kantor dan operasional Bank dan office and operational activities which mainly
Entitas Anak, yang terdiri dari jasa pihak ketiga consist of service from third parties and office
dan perlengkapan kantor, beban asuransi, supplies, insurance expense, rent, amortisation
sewa, amortisasi piranti lunak, penyusutan aset of software, depreciation of fixed assets,
tetap, penyusutan aset hak guna, dan promosi depreciation of righ-of-use assets, and
dan iklan. Beban tenaga kerja meliputi beban promotion and advertising. Personnel
berupa gaji karyawan, bonus, lembur, expenses include salaries for employees,
tunjangan dan pelatihan. bonuses, overtime, allowances and training.
Seluruh penghasilan dan beban yang terjadi All of these income and expenses are recorded
dibebankan pada laporan laba rugi in the consolidated statement of profit or loss
konsolidasian pada saat terjadi. when incurred.
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ag. Laba bersih per saham ag. Earning per share
Laba bersih per saham dasar dihitung dengan Basic earnings per share are computed by
membagi laba bersih dengan rata-rata dividing net profit with the weighted average
tertimbang jumlah saham biasa yang beredar number of ordinary shares outstanding during
pada periode berjalan. the period.
Laba bersih per saham dilusian dihitung Diluted earnings per share is calculated by
dengan membagi jumlah rata-rata tertimbang dividing the weighted average number of
saham biasa yang beredar dengan dampak ordinary shares outstanding plus the assumed
dari semua efek berpotensi saham biasa yang conversion of all dilutive potential ordinary
dilutif yang dimiliki Bank, yaitu opsi saham. shares owned by Bank, which is stock option.
Ketika opsi dieksekusi, Bank menerbitkan When the options are exercised, the Bank
sejumlah saham baru atau menerbitkan issues new shares or reissues its treasury
kembali saham treasurinya (jika ada). Nilai kas shares (if any). The proceeds received, net of
yang diterima, dikurangi dengan biaya any directly attributable transaction costs, are
transaksi yang dapat diatribusikan, dikreditkan credited to share capital (nominal value) and
ke modal saham (nilai nominal) dan agio share premium.
saham.
ah. Segmen operasi ah. Operating segment 437

Segmen operasi adalah komponen dari Bank An operating segment is a component of the
dan Entitas Anak yang terlibat dalam aktivitas Bank and Subsidiary that engages in business

bisnis yang menghasilkan pendapatan dan activities from which it may earn revenues and
menimbulkan beban, termasuk pendapatan incur expenses, including revenues and
dan beban yang terkait dengan transaksi expenses that relate to transactions with any of
dengan komponen lain Bank dan Entitas Anak, the Bank and Subsidiary other components,
dimana hasil operasinya dikaji ulang secara whose operating results are reviewed regularly
berkala oleh pengambil keputusan operasional by the operating decision makers to make
untuk membuat keputusan mengenai sumber decisions about resources allocated to the
daya yang akan dialokasikan pada segmen segment and assess its performance, and for
tersebut dan menilai kinerjanya, serta tersedia which discrete financial information is available.
informasi keuangan yang dapat dipisahkan. Segment results that are reported to the
Hasil segmen yang dilaporkan kepada operating decision makers include items
pengambil keputusan operasional meliputi directly attributable to a segment, as well as
komponen-komponen yang dapat diatribusikan those that can be allocated on a reasonable
secara langsung kepada suatu segmen, dan basis.
komponen-komponen yang dapat dialokasikan
dengan dasar yang wajar.
ai. Transaksi Sewa ai. Lease Transaction
2020
Bank dan Entitas Anak telah melakukan The Bank and Subsidiary have applied
penerapan PSAK 73 yang mensyaratkan PSAK 73, which set the requirement of
pengakuan aset hak guna dan liabilitas sewa recognition a right-of-use asset and a lease
sehubungan dengan sewa yang sebelumnya liability in relation to leases which had previously
diklasifikasikan sebagai 'sewa operasi'. classified as 'operating lease'. This policy is
Kebijakan ini berlaku untuk kontrak yang applied to contracts entered into or changed, on
disepakati atau berubah, pada atau, setelah or, after 1 January 2020.
tanggal 1 Januari 2020.
Bank dan Entitas Anak sebagai penyewa The Bank and Subsidiary as a lessee
Pada tanggal insepsi suatu kontrak, Bank dan At inception of a contract, the Bank and
Entitas Anak menilai apakah suatu kontrak Subsidiary determine if a contract is, or
merupakan, atau mengandung, sewa dengan contains, a lease by considering whether the
mempertimbangkan apakah kontrak tersebut contract conveys the right to control the use of
memberikan hak untuk mengendalikan an identified asset for a period of time in
penggunaan suatu aset identifikasian selama exchange for a consideration.
suatu jangka waktu untuk dipertukarkan
dengan imbalan.
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ai. Transaksi Sewa (lanjutan) ai. Lease Transaction (continued)

2020 (lanjutan) (continued)
Suatu kontrak memberikan hak untuk A contract conveys the right to control the use
mengendalikan penggunaan suatu aset of an identified asset if all of the following
identifikasian jika semua kondisi di bawah conditions are met:
dipenuhi:
- kontrak tersebut melibatkan penggunaan - the contract involves the use of substantially
secara substansial seluruh kapasitas dari all of the capacity of an identified asset that
aset identifikasian yang secara fisik is physically distinct (as specified explicitly
berbeda (sebagaimana ditentukan secara or implicitly in the contract). If the supplier
eksplisit atau implisit dalam kontrak). Jika has a substantive substitution right, then
pemasok memiliki hak substitusi yang the asset cannot be considered as
substantif, maka aset tersebut tidak dapat identifiable;
dianggap dapat diidentifikasi;
438
- Bank dan Entitas Anak memiliki hak untuk - the Bank and Subsidiary have the right to
memperoleh secara substansial semua obtain substantially all of the economic
manfaat ekonomi dari penggunaan aset benefits from the use of the asset
selama periode penggunaan; dan throughout the period of use; and

- Bank memiliki hak untuk mengarahkan - the Bank and Subsidiary have the right to
penggunaan aset: yaitu memiliki hak direct the use of the asset: i.e. they have
pengambilan keputusan yang paling decision-making rights that are most
relevan untuk mengubah bagaimana dan relevant to changing how and for what
untuk tujuan apa aset tersebut digunakan. purpose the asset is used.
Pada saat insepsi atau penilaian kembali At inception or on reassessment of a contract
sebuah kontrak yang berisi komponen sewa, that contains a lease component, the Bank and
Bank dan Entitas Anak mengalokasikan Subsidiary allocate the consideration in the
imbalan dalam kontrak tersebut kepada setiap contract to each lease component on the basis
komponen sewa atas dasar harga relatif yang of their relative stand-alone prices.
berdiri sendiri.
Bank dan Entitas Anak mengakui aset hak The Bank and Subsidiary recognize a right-of-
guna dan liabilitas sewa pada tanggal use asset and a lease liability at the lease
dimulainya sewa. Aset hak guna awalnya commencement date. The right-of-use asset is
diukur pada biaya perolehan, yang terdiri dari initially measured at cost, which comprises the
jumlah pengukuran awal dari liabilitas sewa initial amount of the lease liability adjusted for
disesuaikan dengan pembayaran sewa yang any lease payments made at or before the
dilakukan pada atau sebelum tanggal commencement date, plus any initial direct
permulaan, ditambah dengan biaya langsung costs incurred and an estimate of costs to
awal yang dikeluarkan dan estimasi biaya dismantle and remove the underlying asset or
untuk membongkar dan memindahkan aset to restore the underlying asset or the site on
pendasar atau untuk merestorasi aset which it is located, less any lease incentives
pendasar atau tempat di mana aset berada, received.
dikurangi insentif sewa yang diterima.
Setelah tanggal permulaan, aset hak guna After commencement date, right-of-use asset is
diukur dengan model biaya. Aset hak guna measured using cost model. The right-of-use
selanjutnya disusutkan dengan menggunakan asset is subsequently depreciated using the
metode garis-lurus dari tanggal permulaan straight-line method from the commencement
hingga tanggal yang lebih awal antara akhir date to the earlier of the end of the useful life of
masa manfaat aset hak guna atau akhir masa the right-of-use asset or the end of the lease
sewa. Selain itu, aset hak guna secara berkala term. In addition, the right-of-use asset is
dikurangi dengan kerugian penurunan nilai, periodically reduced by impairment losses, if
jika ada, dan disesuaikan dengan pengukuran any, and adjusted for certain remeasurements
kembali liabilitas sewa. of the lease liability.
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Liabilitas sewa awalnya diukur pada nilai kini The lease liability is initially measured at the
pembayaran sewa yang belum dibayar pada present value of the lease payments that are
tanggal permulaan, didiskontokan dengan not yet paid at the commencement date,
menggunakan suku bunga implisit dalam sewa discounted using the interest rate implicit in the
atau jika suku bunga tersebut tidak dapat lease or, if that rate cannot be readily
ditentukan, digunakan suku bunga pinjaman determined, using the Bank and
inkremental Bank dan Entitas Anak. Pada incremental borrowing rate. Generally, the
umumnya, Bank dan Entitas Anak Bank and Subsidiary use their incremental
menggunakan suku bunga pinjaman borrowing rate as the discount rate.
inkremental sebagai tingkat bunga diskonto.
Pembayaran sewa yang termasuk dalam Lease payments included in the measurement 439
pengukuran liabilitas sewa terdiri dari: of the lease liability consist of:

- pembayaran tetap, termasuk pembayaran - fixed payments, including in-substance
tetap secara-substansi, dikurangi insentif fixed payments, less lease incentives
sewa yang belum diterima; receivable;
- pembayaran sewa secara variabel yang - variable lease payments that depend on an
bergantung pada indeks atau suku bunga, index or a rate, initially measured using the
yang pada awalnya diukur menggunakan index or rate as at the commencement date;
indeks atau suku bunga pada tanggal
permulaan;
- jumlah yang diperkirakan akan dibayarkan - amounts expected to be payable under a
berdasarkan jaminan nilai residual; dan residual value guarantee; and
- harga eksekusi opsi beli jika Bank dan - the exercise price under a purchase option
Entitas Anak cukup pasti untuk that the Bank and Subsidiary are reasonably
mengeksekusi opsi, pembayaran sewa certain to exercise, lease payments in an
dalam opsi periode perpanjangan jika Bank option renewal period if the Bank and
dan Entitas Anak cukup pasti untuk Subsidiary are reasonably certain to
melaksanakan opsi perpanjangan, dan exercise an extension option, and penalties
denda untuk penghentian sewa lebih awal for early termination of a lease unless the
kecuali Bank dan Entitas Anak yakin tidak Bank and Subsidiary are reasonably certain
menghentikan lebih awal. not to terminate early.
Liabilitas sewa diukur pada biaya perolehan The lease liability is measured at amortized cost
diamortisasi menggunakan metode suku bunga using the effective interest method. It is
efektif. Liabilitas sewa diukur kembali ketika ada remeasured when there is a change in future
perubahan pembayaran sewa masa depan lease payments arising from a change in an
yang timbul dari perubahan indeks atau suku index or rate, if there is a change in the Bank
bunga, jika ada perubahan estimasi Bank dan and Subsidiary
Entitas Anak atas jumlah yang diperkirakan expected to be payable under a residual value
akan dibayar dalam jaminan nilai residual, atau guarantee, or if the Bank changes its
jika Bank mengubah penilaiannya apakah akan assessment of whether it will exercise a
mengeksekusi opsi beli, perpanjangan atau purchase, extension or termination option.
penghentian.
Ketika liabilitas sewa diukur kembali dengan When the lease liability is remeasured in this
cara ini, penyesuaian terkait dilakukan terhadap way, a corresponding adjustment is made to the
jumlah tercatat aset hak guna, atau dicatat carrying amount of the right-of-use asset, or is
dalam laba rugi jika jumlah tercatat aset hak recorded in profit or loss if the carrying amount
guna telah berkurang menjadi nol. of the right-of-use asset has been reduced to
zero.
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Bank dan Entitas Anak menyajikan aset hak The Bank and Subsidiary present right-of-use
guna dalam aset tetap. assets in fixed assets.
Bank menyewa bangunan untuk ruang kantor. The Bank leases buildings for its office. The
Sewa ruang kantor secara umum berlaku untuk leases of office space typically run for a period
periode 3 - 10 tahun. Beberapa sewa termasuk of 3 - 10 years. Some leases include an option
opsi untuk memperbaharui periode sewa to renew the lease for an additional period of the
dengan tambahan durasi yang sama setelah same duration after the end of the contract term.
kontrak berakhir. Bank juga menyewa The Bank also leases vehicles and equipment
kendaraan dan peralatan dengan periode with contract terms of 2 - 5 years, apartments
kontrak 2 - 5 tahun, apartemen dan rumah dinas and employee residences with contract terms of
2 years and IT equipment and machinery with
dengan periode kontrak 2 tahun, dan peralatan
contract terms of 3 - 5 years.
440 IT dan mesin dengan periode kontrak 3 - 5
tahun.
Entitas Anak menyewa bangunan untuk ruang The Subsidiary leases buildings for its office.
kantor. Sewa ruang kantor secara umum The leases of office space typically run for a
berlaku untuk periode 3 - 10 tahun. Beberapa period of 3 - 10 years. Some leases include an
sewa termasuk opsi untuk memperbaharui option to renew the lease for an additional
periode sewa dengan tambahan durasi yang period of the same duration after the end of the
sama setelah kontrak berakhir. Entitas Anak contract term. The Subsidiary also leases
juga menyewa kendaraan dan peralatan vehicles and equipment with contract terms of
dengan periode kontrak 3 - 5 tahun dan 3 - 5 years and IT equipment and machinery
peralatan IT dan mesin dengan periode kontrak with contract terms of 3 - 5 years.
3 - 5 tahun.
Bank dan Entitas Anak memilih untuk tidak The Bank and Subsidiary have elected not to
mengakui aset hak guna dan liabilitas sewa recognize right-of-use assets and lease
untuk sewa jangka pendek yang memiliki masa liabilities for short-term leases that have a lease
sewa 12 bulan atau kurang dan sewa atas aset term of 12 months or less and leases of low-
bernilai rendah. Bank dan Entitas Anak value assets. The Bank and Subsidiary
mengakui pembayaran sewa atas sewa recognize the leases payments associated with
tersebut sebagai beban dengan dasar garis these leases as an expense on a straight-line
lurus selama masa sewa. Nilai tercatat aset hak basis over the lease term. The right-of-
guna segera diturunkan menjadi sebesar carrying amount is written down immediately to
jumlah yang dapat dipulihkan ketika nilai
tercatat aset lebih besar dari estimasi jumlah carrying amount is greater than its estimated
yang dapat dipulihkan. recoverable amount.
Modifikasi sewa Lease modification
Bank dan Entitas Anak mencatat modifikasi The Bank and Subsidiary account for a lease
sewa sebagai sewa terpisah jika: modification as a separate lease if both:
- modifikasi meningkatkan ruang lingkup - the modification increases the scope of the
sewa dengan menambahkan hak untuk lease by adding the right to use one or
menggunakan satu aset pendasar atau more underlying assets; and
lebih; dan
- imbalan sewa meningkat sebesar jumlah - the consideration for the lease increases
yang setara dengan harga tersendiri untuk by an amount commensurate with the
peningkatan dalam ruang lingkup dan stand-alone price for the increase in scope
penyesuaian yang tepat pada harga and any appropriate adjustments to that
tersendiri tersebut untuk merefleksikan stand-alone price to reflect the
kondisi kontrak tertentu. circumstances of the particular contract.
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Modifikasi sewa (lanjutan) Lease modification (continued)
Untuk modifikasi sewa yang tidak dicatat For a lease modification that is not accounted
sebagai sewa terpisah, pada tanggal efektif for as a separate lease, at the effective date of
modifikasi sewa, Bank dan Entitas Anak: the lease modification, the Bank and
Subsidiary:
- mengukur kembali dan mengalokasikan - remeasure and allocate the consideration

imbalan kontrak modifikasian; in the modified contract;
- menentukan masa sewa dari sewa - determine the lease term of the modified 441
modifikasian; lease;

- mengukur kembali liabilitas sewa dengan - remeasure the lease liability by
mendiskontokan pembayaran sewa discounting the revised lease payments
revisian menggunakan tingkat diskonto using a revised discount rate on the basis
revisian berdasarkan sisa umur sewa dan of the remaining lease term and the
sisa pembayaran sewa dengan remaining lease payment with a
melakukan penyesuaian terhadap aset corresponding adjustment to the right-of-
hak guna. Tingkat diskonto revisian use assets. The revised discount rate is
ditentukan sebagai suku bunga pinjaman
inkremental Bank dan Entitas Anak pada incremental borrowing rate at the effective
tanggal efektif modifikasi; date of the modification;
- menurunkan jumlah tercatat aset hak guna - decrease the carrying amount of the right
untuk merefleksikan penghentian of- use asset to reflect the partial or full
sebagian atau seluruh sewa untuk termination of the lease for lease
modifikasi sewa yang menurunkan ruang modifications that decrease the scope of
lingkup sewa. Bank dan Entitas Anak the lease. The Bank and Subsdiary
mengakui dalam laba rugi setiap laba rugi recognize in profit or loss any gain or loss
yang terkait dengan penghentian sebagian relating to the partial or full termination of
atau seluruh sewa tersebut; dan the lease; and
- membuat penyesuaian terkait dengan aset - make a corresponding adjustment to the

hak guna untuk seluruh modifikasi sewa right-of-use asset for all other lease
lainnya. modifications.

1 Januari 2020
Penentuan apakah suatu perjanjian The determination of whether an arrangement

merupakan, atau mengandung, sewa dibuat is, or contains, a lease is based on the
berdasarkan substansi perjanjian pada tanggal substance of the arrangement at the inception
insepsi. Perjanjian tersebut ditelaah apakah date. The arrangement is assessed whether
pemenuhan atas perjanjian bergantung dari fulfillment of the arrangement is dependent on
penggunaan suatu aset atau aset-aset tertentu the use of a specific asset or assets and the
dan apakah perjanjian tersebut memberikan arrangement conveys a right to use the asset or
hak untuk menggunakan aset tersebut. assets.
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Kebijakan berlaku sebelum tanggal 1 Policy applicable before 1 January 2020

Januari 2020 (lanjutan) (continued)
Transaksi sewa yang dilakukan Bank dan The lease transaction entered into by the Bank
Entitas Anak diklasifikasikan sebagai sewa and Subsidiary was classified as an operating
operasi jika tidak terdapat pengalihan secara lease it does not transfer substantially all the
subtansial seluruh risiko dan manfaat yang risks and rewards incidental to ownership.
terkait dengan kepemilikan aset. Pembayaran Lease payment is recognized as an expense on
sewa diakui sebagai beban dengan garis lurus a straight-line basis over the lease term. All
selama masa sewa. Seluruh insentif untuk incentives for the agreement of a new or
perjanjian sewa operasi baru atau yang renewal operating lease are recognized as an
diperbarui diakui sebagai bagian tidak intergral part of the net consideration agreed for
terpisahkan dari imbalan neto yang disepakati the use of the leased asset, irrespective of the
untuk menggunakan aset sewaan, terlepas
dari sifat atau bentuk insentif atau waktu payments. The Bank and Subsidiary recognize
442 pembayaran. Bank dan Entitas Anak mengakui the aggregate benefit of incentives as a
manfaat agregat dari insentif sebagai reduction of rental expense over the lease term,
pengurang beban sewa selama masa sewa on a straight-line basis.
dengan dasar garis lurus.
aj. Pengukuran nilai wajar aj. Fair value measurement
Nilai wajar adalah harga yang akan diterima Fair value is the price that would be received to
untuk menjual suatu aset atau harga yang akan sell an asset or paid to transfer a liability in an
dibayar untuk mengalihkan suatu liabilitas orderly transaction between market participants
dalam transaksi teratur antara pelaku pasar at the measurement date in the principal market
pada tanggal pengukuran di pasar utama atau, or, in its absence, the most advantageous
jika tidak terdapat pasar utama, di pasar yang market to which the Bank and Subsidiary have
paling menguntungkan dimana Bank dan access at that date. The fair value of a liability
Entitas Anak memiliki akses pada tanggal reflects its non-performance risk.
tersebut. Nilai wajar liabilitas mencerminkan
risiko wanprestasinya.
Jika tersedia, Bank dan Entitas Anak mengukur When available, the Bank and Subsidiary
nilai wajar di pasar aktif untuk instrumen measure the fair value in an active market for
tersebut. Suatu pasar dianggap aktif jika that instrument. A market is regarded as active
transaksi atas aset dan liabilitas terjadi dengan if transactions for the asset or liability take place
frekuensi dan volume yang memadai untuk with sufficient frequency and volume to provide
menyediakan informasi penentuan harga pricing information on an ongoing basis.
secara berkelanjutan.
Jika harga kuotasian tidak tersedia di pasar If there is no quoted price in an active market,
aktif, Bank dan Entitas Anak menggunakan then the Bank and Subsidiary use valuation
teknik penilaian dengan memaksimalkan techniques that maximise the use of relevant
penggunaan input yang dapat diobservasi yang observable inputs and minimise the use of
relevan dan meminimalkan penggunaan input unobservable inputs. The chosen valuation
yang tidak dapat diobservasi. Teknik penilaian technique incorporates all of the factors that
yang dipilih menggabungkan semua faktor market participants would take into account in
yang diperhitungkan oleh pelaku pasar dalam pricing a transaction.
penentuan harga transaksi.
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aj. Pengukuran nilai wajar (lanjutan) aj. Fair value measurement (continued)
Bukti terbaik atas nilai wajar pada saat The best evidence of the fair value at initial
pengakuan awal adalah harga transaksi, yaitu recognition is normally the transaction price,
nilai wajar dari pembayaran yang diberikan i.e., the fair value of the consideration given or
atau diterima. Jika Bank dan Entitas Anak received. If the Bank and Subsidiary determine
menetapkan bahwa nilai wajar pada that the fair value at initial recognition differs
pengakuan awal berbeda dengan harga from the transaction price and the fair value is
transaksi dan nilai wajar tidak dapat dibuktikan evidenced neither by a quoted price in an active
dengan harga kuotasian di pasar aktif untuk market for an identical asset or liability nor
aset atau liabilitas yang identik atau based on a valuation technique that uses only
berdasarkan teknik penilaian yang hanya data from observable markets, then the
menggunakan data dari pasar yang dapat financial instrument is initially measured at fair
diobservasi, maka nilai wajar instrumen value, adjusted to defer the difference between
keuangan pada saat pengakuan awal the fair value at initial recognition and the
disesuaikan untuk menangguhkan perbedaan transaction price. Subsequently, that difference
antara nilai wajar pada saat pengakuan awal is recognised in profit or loss on an appropriate
dan harga transaksi. Setelah pengakuan awal, basis over the life of the instrument but no later
perbedaan tersebut diakui dalam laba rugi than when the valuation is wholly supported by
berdasarkan umur dari instrumen tersebut observable market data or the transaction is 443
namun tidak lebih lambat dari saat penilaian closed out.
tersebut didukung sepenuhnya oleh data pasar

yang dapat diobservasi atau saat transaksi
ditutup.
Jika aset atau liabilitas yang diukur pada nilai If an asset or a liability measured at fair value
wajar memiliki harga penawaran dan harga has a bid price and an ask price, then the Bank
permintaan, maka Bank dan Entitas Anak and Subsidiary measure assets and long
mengukur aset dan posisi long berdasarkan positions at a ask price and liabilities and short
harga permintaan dan mengukur liabilitas dan positions at a bid price.
posisi short berdasarkan harga penawaran.
Kelompok aset keuangan dan liabilitas Portfolios of financial assets and financial
keuangan yang diukur pada nilai wajar, yang liabilities measured at fair value, that are
terekspos risiko pasar dan risiko kredit yang exposed to market risk and credit risk that are
dikelola oleh Bank dan Entitas Anak managed by the Bank and Subsidiary on the
berdasarkan eksposur netonya baik terhadap basis of the net exposure to either market or
risiko pasar ataupun risiko kredit, diukur credit risk, are measured on the basis of a price
berdasarkan harga yang akan diterima untuk that would be received to sell a net long position
menjual posisi net long (atau dibayar untuk (or paid to transfer a net short position) for a
mengalihkan posisi net short) untuk eksposur particular risk exposure. Those portfolio-level
risiko tertentu. Penyesuaian pada level adjustments are allocated to the individual
kelompok tersebut dialokasikan pada aset dan assets and liabilities on the basis of the relative
liabilitas individual berdasarkan penyesuaian risk adjustment of each of the individual
risiko relatif dari masing-masing instrumen instruments in the portfolio.
individual di dalam kelompok.
3. ESTIMASI DAN PERTIMBANGAN AKUNTANSI 3. CRITICAL ACCOUNTING ESTIMATES AND

YANG PENTING JUDGMENTS
Sumber utama ketidakpastian estimasi Key sources of estimation uncertainty
Informasi mengenai asumsi dan ketidakpastian Information about the assumptions and estimation
estimasi dijelaskan di bawah ini dan pada catatan- uncertainties is set out below and in the following
catatan di bawah ini: notes:
Catatan 23 pengukuran liabilitas imbalan Note 23 measurement of post-employment

pascakerja dan imbalan jangka panjang benefits liabilities and other long term benefits:
lainnya: asumsi-asumsi aktuarial. actuarial assumptions.
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YANG PENTING (lanjutan) JUDGMENTS (continued)
Sumber utama ketidakpastian estimasi (lanjutan) Key sources of estimation uncertainty
(continued)
Cadangan kerugian penurunan nilai aset Allowance for impairment losses of financial
keuangan assets
Bank dan Entitas Anak melakukan peninjauan The Bank and Subsidiary review their financial
kembali atas aset keuangan pada setiap assets at reporting date to evaluate the
tanggal pelaporan untuk melakukan penilaian allowance for impairment losses.
atas cadangan penurunan nilai yang telah
dicatat. Pertimbangan manajemen diperlukan estimation when determining the level of
dalam menentukan tingkat cadangan yang allowance required.
dibutuhkan.
Bank Bank
2020
Sesuai dengan PSAK 71, Bank mengestimasi In accordance with PSAK 71, the Bank
pinjaman yang diberikan. Estimasi ECL loans. The ECL estimation involves use of
444 melibatkan penggunaan model dan asumsi models and assumptions which are the key
yang merupakan sumber utama ketidakpastian sources of estimation uncertainty.
dalam estimasi.
Penilaian risiko kredit dari portofolio aset The assessment of credit risk of an asset
memerlukan estimasi mengenai kemungkinan portfolio entails further estimations as to the
terjadinya gagal bayar, dari rasio kerugian yang likelihood of defaults occurring, of the
terkait dan korelasi gagal bayar antar pihak. associated loss ratios and of default
Bank mengukur menggunakan model yang correlations between counterparties. The Bank
kompleks yang menggunakan matriks primarily uses sophisticated models that utilize
Probability of Default (PD), Loss Given Default the Probability of Default (PD), Loss Given
(LGD) dan Exposure at Default (EAD), dan Default (LGD) and Exposure at Default (EAD),
variable makroekonomi untuk estimasi yang and macroeconomic variables for forward
bersifat perkiraan masa depan, yang looking perspective, which are discounted
didiskontokan menggunakan suku bunga using the effective interest rate, as described as
efektif, yang dapat dijelaskan sebagai berikut: follows:
- PD merupakan kemungkinan pada suatu - PD represents the probability at a point in

waktu (point in time) dimana debitur time that debtor will default, calibrated over
mengalami gagal bayar, dikalibrasikan up to 12 months from the reporting date
sampai dengan periode 12 bulan dari (Stage 1) or over the lifetime of the asset
tanggal pelaporan (Tahap 1) atau (Stage 2) and incorporating the impact of
sepanjang umur aset (Tahap 2) dan forward looking economic assumptions that
memperhitungkan dampak asumsi have an effect on credit risk. PD is
ekonomi masa depan yang memiliki estimated at point in time that means it will
dampak terhadap risiko kredit. PD fluctuate in line with the economic cycle.
diestimasikan pada suatu waktu berarti PD
akan berfluktuasi sejalan dengan siklus
ekonomi.
- LGD merupakan kerugian yang - LGD represents the loss that is expected to
diperkirakan akan timbul dari debitur yang arise on default, incorporating the impact of
gagal bayar dengan memperhitungkan forward looking economic assumptions
dampak dari asumsi ekonomi masa depan where relevant, which represents the
yang relevan, yaitu perbedaan antara arus difference between the contractual cash
kas kontraktual yang seharusnya diterima flows due and those that the Bank expects
dengan arus kas yang diharapkan Bank to receive. The Bank estimates LGD based
untuk diterima. Bank mengestimasikan on the history of recovery rates and
LGD berdasarkan data historis tingkat considers the recovery of any collateral that
pemulihan dan memperhitungkan is integral to the loans, taking into account
pemulihan yang berasal dari jaminan yang forward looking economic assumptions
merupakan bagian yang tidak terpisah dari where relevant.
pinjaman yang diberikan dengan
mempertimbangkan asumsi ekonomi di
masa depan yang relevan.
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(continued)
Bank (lanjutan) Bank (continued)
- EAD merupakan perkiraan nilai eksposur - EAD represents the expected exposure at
pada saat gagal bayar dengan the time of default, taking into account that
mempertimbangkan perubahan eksposur expected change in exposure over the
yang diharapkan selama masa eksposur. lifetime of the exposure. This incorporates
EAD memperhitungkan dampak penarikan the impact of drawdowns of committed
fasilitas kredit (committed) yang dilakukan, facilities, repayments of principals and
pembayaran pokok dan bunga, amortisasi interest, amortisation and prepayments,
dan pembayaran dimuka, serta dampak together with the impact of forward looking
dari asumsi ekonomi di masa depan yang economic assumptions where relevant, 445
relevan, yang dipilih berdasarkan which are chosen based on the collation of
pengumpulan data makroekonomi yang macroeconomics data obtained from
diperoleh dari berbagai sumber seperti, various sources such as, but not limited to,

namun tidak terbatas pada, regulator, regulators, government as well as
pemerintah serta organisasi penelitian independent research organisation.
independen.
Variabel makroekonomi yang digunakan terdiri The macroeconomic variables used, among
dari: Pendapatan Bruto Nasional (PDB), tingkat others, consisted of Gross Domistic Products
inflasi, nilai valuta asing, tingkat bunga antar (GDP), inflation rate, foreign exchange rates,
bank dan tingkat pengangguran. Untuk inter-bank rates, and unemployment rate. In
perhitungan ECL pada tanggal 31 Desember determination of ECL as of 31 December 2020,
2020, Bank menggunakan variabel the Bank used macroeconomic variables as
makroekonomi sebagai berikut: follows:
Tingkat inflasi Tingkat bunga Kurs Rupiah per Tingkat

PDB per per tahun/ antarbank per 1 USD/ Exchange pengangguran/
Skenario/ tahun/ GDP Inflation rate per tahun/ Interbank rate of Rupiah Unemployment
Scenario per annum annum rate per annum per 1 USD rate
Terbaik/Best 3.0% 2.6% 4.2% 13,639 5.7%
Dasar/Base 2.9% 2.8% 4.0% 14,357 6.0%
Terburuk/Worst 2.7% 2.9% 3.8% 15,075 6.3%
Dalam menentukan probabilitas tertimbang dari In determining the probability weighted of each
skenario yang akan terjadi di masa depan, scenario that will occur in the future, the Bank
Bank telah melakukan analisis berdasarkan has conducted an analysis based on historical
informasi historis PDB yang meliputi insiden GDP information which includes the major
besar yang terjadi pada rentang waktu 36 tahun incident that happened in the last 36 years.
terakhir.
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PT BANK BTPN Tbk


(continued)
Bank menerapkan tiga skenario makroekonomi The Bank applied the following three
berikut untuk mencerminkan jumlah yang tidak macroeconomic scenarios to reflect an
bias dan probabilitas tertimbang yang unbiased probability-weighted range of
ditentukan dengan mengevaluasi serangkaian possible future outcomes in estimating ECL:
hasil yang kemungkinan dapat terjadi dalam
mengestimasi ECL:
- Skenario Dasar: Skenario ini - Base scenario: This scenario reflects that
mencerminkan bahwa kondisi current macroeconomic conditions
446 makroekonomi saat ini terus berlanjut; continue to prevail; and
dan
- Skenario Terbaik dan Terburuk: Skenario - Best and Worst scenarios: These
ini ditetapkan relative terhadap skenario scenarios are set relative to the base
dasar; mencerminkan kondisi scenario; reflecting best and worstcase
makroekonomi terbaik dan terburuk macroeconomic conditions based on
berdasarkan kombinasi pendekatan combination of statistical approach and
statistik dan penilaian dari subject matter
expert berdasarkan kondisi ekonomi saat current economic conditions.
ini.
Perhitungan ECL dilakukan dengan The ECL calculation is done by segmenting the
mengelompokkan portofolio kredit ke dalam credit portfolio into 8 categories for retail loans
8 kategori untuk pinjaman ritel dan 1 kategori and 1 category for corporate loans.
untuk pinjaman korporasi.
Asumsi yang mendasari perhitungan ECL akan The assumptions underlying the ECL
dipantau dan ditinjau setiap tahun. Tidak ada calculation are monitored and reviewed on
perubahan signifikan dalam teknik estimasi annual basis. There have been no significant
yang dibuat selama periode pelaporan. Dalam changes on estimation techniques made during
menanggapi dampak pandemi COVID-19, the reporting period. In response to the
Bank telah memperbarui variabel COVID-19 pandemic, the Bank has updated
makroekonomi seperti dijelaskan dalam the macroeconomic variables as described in
Catatan 42. Note 42.
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(continued)
Khusus untuk pinjaman korporasi dan SME Specifically for corporate and certain material
tertentu yang material, ketika pinjaman yang SME loans, when the loans have been
diberikan mengalami penurunan nilai, impaired, the allowance for credit losses is
cadangan kerugian kredit dihitung secara calculated individually. In individual
individu. Dalam penilaian individu, kondisi assessment, the specific debtors' conditions
spesifik debitur dievaluasi secara individu are evaluated individually based on
berdasarkan estimasi terbaik manajemen atas management's best estimate of the present
nilai kini arus kas yang diharapkan akan value of the cash flows that are expected to be
diterima. Evaluasi penilaian individu atas arus received. Evaluation over the individual 447
kas yang diharapkan akan diterima ditentukan assessment is determined based on probability
berdasarkan probabilitas tertimbang beberapa weighted of multiple scenarios.
skenario.

Estimasi probabilitas tertimbang dilakukan Probability-weighted estimation is performed
dengan memperhitungkan pembobotan by taking into account weighting for each
masing-masing skenario dan menggunakan scenario and uses minimum of 2 (two)
minimum 2 (dua) skenario untuk scenarios to reflect at least normal scenario
mencerminkan setidaknya skenario normal dan and worst scenario. In estimating these cash
skenario buruk. Dalam mengestimasi arus kas flows, management makes judgments about
tersebut, manajemen membuat pertimbangan the debtors' financial situation and the net
mengenai situasi keuangan debitur dan nilai realizable value of any underlying collateral.
realisasi bersih dari setiap agunan yang ada. Each impaired asset is assessed on its merits
Setiap aset yang mengalami penurunan nilai and the workout strategy. The estimated
dinilai sesuai dengan keadaan dan strategi expected cash flows from estimation scenarios
penyelesaian masing-masing. Estimasi arus are independently approved by the Business
kas ekspektasian dari skenario-skenario Risk from each business segment.
estimasi disetujui secara independen oleh
Business Risk masing-masing segmen bisnis.
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PT BANK BTPN Tbk



(continued)

1 Januari 2020
Untuk penilaian secara individu, kondisi For individual assessment, the specific debtors'
spesifik penurunan nilai debitur dalam conditions in determining allowance for
pembentukan cadangan kerugian penurunan impairment amount of the financial assets is
nilai atas aset keuangan dievaluasi secara evaluated individually and is based upon
individu berdasarkan estimasi terbaik management's best estimate of the present
manajemen atas nilai kini arus kas yang value of the cash flows that are expected to be
diharapkan akan diterima. Dalam received. In estimating these cash flows,
mengestimasi arus kas tersebut, manajemen management makes judgments about the
membuat pertimbangan tentang situasi debtors' financial situation and the net
448 keuangan debitur dan nilai realisasi bersih dari realizable value of any underlying collateral.
setiap agunan. Setiap aset yang mengalami Each impaired asset is assessed on its merits
penurunan nilai dinilai sesuai dengan manfaat and the workout strategy and estimated cash
yang ada dan strategi penyelesaian serta flows considered recoverable are
estimasi arus kas yang diperkirakan dapat independently approved by the Business Risk
diterima disetujui secara independen oleh from each business segment.
Business Risk masing-masing segmen bisnis.
Bank juga membentuk cadangan kerugian The Bank also estimates the collective
penurunan nilai kolektif atas eksposur piutang impairment allowance for its receivables
yang diberikan, dimana evaluasi dilakukan portfolio, where evaluation is performed based
berdasarkan data kerugian historis. on historical data.
Perhitungan cadangan penurunan nilai kolektif Collectively assessed impairment allowances

meliputi kerugian kredit yang melekat dalam cover credit losses inherent in portfolios of
portofolio aset keuangan dengan karakteristik financial assets with similar economic
ekonomi yang sama dan aset keuangan yang characteristics and financial assets that are
tidak signifikan secara individual. Dalam individually insignificant. In assessing the need
menilai kebutuhan untuk cadangan kolektif, for collective allowances, management
manajemen mempertimbangkan faktor-faktor considers factors such as credit quality and type
seperti kualitas kredit dan jenis produk. Guna of product. In order to estimate the required
membuat estimasi cadangan yang diperlukan, allowance, assumptions are made to define the
manajemen membuat asumsi untuk way inherent losses are modelled and to
menentukan kerugian yang melekat, dan untuk determine the required input parameters, based
menentukan parameter input yang diperlukan, on historical experience and current economic
berdasarkan pengalaman masa lalu dan conditions.
kondisi ekonomi saat ini.
Keakuratan cadangan tergantung pada The accuracy of the allowances depends on

seberapa baik estimasi arus kas masa depan how well these estimate future cash flows for
untuk cadangan counterparty tertentu dan specific counterparty allowances and the model
asumsi model dan parameter yang digunakan assumptions and parameters used in
dalam menentukan penyisihan kolektif. determining collective allowances.
Entitas Anak Subsidiary
Perhitungan cadangan penurunan nilai kolektif Collectively assessed impairment allowances

meliputi kerugian kredit yang melekat dalam cover credit losses inherent in portfolios of the
portofolio piutang murabahah Entitas Anak. Subsidiary
Dalam menilai kebutuhan untuk cadangan assessing the need for collective impairment
penurunan nilai kolektif, manajemen allowances, management considers factors
mempertimbangkan faktor-faktor seperti such as financing quality, characteristic of
kualitas pembiayaan, karakteristik produk dan products and whether the financing has been
apakah pembiayaan tersebut telah restructured.
direstrukturisasi.
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PT BANK BTPN Tbk


(continued)
Entitas Anak (lanjutan) Subsidiary (continued)
Dalam mengestimasi cadangan yang In order to estimate the required allowance,

diperlukan, asumsi-asumsi dibuat untuk assumptions are made to define the way
menentukan model kerugian bawaan dan untuk inherent losses are modeled and to determine
menentukan parameter input yang diperlukan, the required input parameters, based on
berdasarkan pengalaman historis dan kondisi historical experience and current economic
ekonomi saat ini. Ketepatan dari cadangan conditions. The accuracy of the allowances
yang dihitung ini tergantung pada seberapa calculated depends on how well the estimates
tepat estimasi dan asumsi pada model dan and assumptions on the model and parameters
parameter yang digunakan dalam menentukan used in determining collective allowances.
cadangan kolektif.
Basis evaluasi atas cadangan kerugian Basis of evaluation of impairment for financial
penurunan nilai aset keuangan dan piutang assets and murabahah receivables is described 449
murabahah dijelaskan pada Catatan 2i. in Note 2i.
Penentuan nilai wajar Determining fair values

Dalam menentukan nilai wajar atas aset The determination of fair value for financial
keuangan dan liabilitas keuangan dimana tidak assets and financial liabilities for which there is
terdapat harga pasar yang dapat diobservasi, no observable market price, the Bank and
Bank dan Entitas Anak harus menggunakan Subsidiary have to use valuation techniques as
teknik penilaian seperti dijelaskan pada described in Note 2aj. For financial instruments
Catatan 2aj. Untuk instrumen keuangan yang that trade infrequently and have little price
jarang diperdagangkan dan tidak memiliki transparency, fair value is less objective, and
harga yang transparan, nilai wajarnya menjadi therefore, requires varying degrees of judgment
kurang obyektif dan karenanya, membutuhkan depending on liquidity, concentration,
tingkat pertimbangan yang beragam, uncertainty of market factors, pricing
tergantung pada likuiditas, konsentrasi, assumptions and other risks affecting the
ketidakpastian faktor pasar, asumsi penentuan specific instrument.
harga, dan risiko lainnya yang mempengaruhi
instrumen tersebut.
Kebijakan akuntansi pengukuran nilai wajar The Bank and Subsidiary accounting policy on
Bank dan Entitas Anak dibahas pada Catatan fair value measurement is discussed in Note
2aj. 2aj.
Pertimbangan akuntansi yang penting dalam Critical accounting judgments in applying the
menerapkan kebijakan akuntansi Bank dan Bank and Subsidiary
Entitas Anak
Nilai wajar atas instrumen keuangan Fair value of financial instruments
Kebijakan akuntansi Bank dan Entitas Anak The Bank and Subsidiary
untuk pengukuran nilai wajar dibahas di Catatan on fair value measurements is discussed in
2aj. Note 2aj.
Informasi mengenai penentuan nilai wajar dari Information about the determination of fair
instrumen keuangan diungkapkan pada value of financial instruments is disclosed in
Catatan 42. Note 42.
Klasifikasi aset dan liabilitas keuangan serta Financial assets and liabilities as well as sharia
efek-efek syariah securities classification
Kebijakan akuntansi Bank dan Entitas Anak The Bank and Subsidiary
memberikan pilihan untuk mengklasifikasikan provide choices to classify financial assets and
aset dan liabilitas keuangan ke dalam berbagai liabilities into different categories at initial
kategori pada saat pengakuan awal recognition based on certain circumstances
berdasarkan kondisi tertentu yang gement.
membutuhkan pertimbangan manajemen.
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menerapkan kebijakan akuntansi Bank dan Bank and Subsidiary
Entitas Anak (lanjutan) (continued)
Klasifikasi aset dan liabilitas keuangan serta Financial assets and liabilities as well as sharia
efek-efek syariah (lanjutan) securities classification (continued)
Dalam menentukan klasifikasi aset dan In determining the classification of financial

liabilitas keuangan, Bank telah menetapkan assets and liabilities, the Bank has determined
bahwa aset dan liabilitas keuangan telah that financial assets and liabilities have already
memenuhi persyaratan klasifikasi met the requirements of such classification as
sebagaimana dijabarkan dalam Catatan 2h. set out in Note 2h.
Dalam mengklasifikasikan investasi pada efek- In classifying investment in sharia securities as
at fair value through other comprehensive

Entitas Anak s determined that
telah menetapkan bahwa investasi tersebut the investment in sharia securities have
450 telah memenuhi persyaratan klasifikasi already met the requirements of such
sebagaimana dijabarkan dalam Catatan 2l. classification as set out in Note 2l.
Sewa Leases
Penentuan apakah suatu perjanjian Determining whether an arrangement is or

mengandung unsur sewa membutuhkan contains a lease requires careful judgement to
pertimbangan yang cermat untuk menilai assess whether the arrangement conveys a
apakah perjanjian tersebut memberikan hak right to obtain substantially all the economic
untuk mendapatkan secara substansial seluruh benefits from use of the asset throughout the
manfaat ekonomi dari penggunaan aset period of use and right to direct the use of the
identifikasian dan hak untuk mengarahkan asset, even if the right is not explicitly specified
penggunaan aset identifikasian, bahkan jika in the arrangement.
hak tersebut tidak dijabarkan secara eksplisit di
perjanjian.
Karena Bank dan Entitas Anak tidak dapat Since the Bank and Subsidiary could not readily
dengan mudah menentukan suku bunga determine the implicit rate, management uses
implisit, manajemen menggunakan suku bunga the Bank and Subsidiary's incremental
pinjaman inkremental Bank dan Entitas Anak borrowing rate as a discount rate. There are a
sebagai tingkat diskonto. Ada beberapa faktor number of factors to consider in determining an
yang perlu dipertimbangkan dalam incremental borrowing rate, many of which
menentukan suku bunga pinjaman need judgement in order to be able to reliably
inkremental, yang banyak di antaranya quantify any necessary adjustments to arrive at
memerlukan pertimbangan untuk dapat secara the final discount rates.
andal mengukur penyesuaian yang diperlukan
untuk sampai pada tingkat diskonto akhir.
Dalam menentukan suku bunga pinjaman In determining incremental borrowing rate, the
inkremental, Bank dan Entitas Anak Bank and Subsidiary consider the following
mempertimbangkan faktor-faktor utama main factors; the Bank and Subsidiary's credit
sebagai berikut; risiko kredit Bank dan Entitas risk, the lease term, the lease payment term,
Anak, jangka waktu sewa, jangka waktu the economic environment, the time at which
pembayaran sewa, lingkungan ekonomi, waktu the lease is entered into, and the currency in
di mana sewa dimasukkan, dan mata uang di which the lease payments are denominated.
mana pembayaran sewa ditentukan.
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menerapkan kebijakan akuntansi Bank dan Bank and Subsidiary accounting policies
Entitas Anak (lanjutan) (continued)
Sewa (lanjutan) Leases (continued)
Dalam menentukan jangka waktu sewa, Bank In determining the lease term, the Bank and
dan Entitas Anak mempertimbangkan semua Subsidiary consider all facts and circumstances
fakta dan keadaan yang menimbulkan insentif that create an economic incentive to exercise an
ekonomi untuk menggunakan opsi extension option, or not exercise a termination
perpanjangan, atau tidak menggunakan opsi option. Extension options (or periods after
penghentian. Opsi perpanjangan (atau periode termination options) are only included in the lease
setelah opsi penghentian kontrak kerja) hanya term if the lease is reasonably certain to be
dimasukkan dalam jangka waktu sewa jika extended (or not terminated).
sewa cukup pasti akan diperpanjang (atau
tidak dihentikan).
4. KAS 4. CASH
31 Desember/December 451
2020 2019

Rupiah 2,399,483 2,270,444 Rupiah
Dolar Amerika Serikat 31,151 26,954 United States Dollar
Yen Jepang 2,562 1,664 Japanese Yen
2,433,196 2,299,062
Saldo dalam mata uang Rupiah termasuk uang The Rupiah balance includes cash in ATMs (Automatic
pada mesin ATM (Anjungan Tunai Mandiri) pada Teller Machines) as of 31 December 2020 and 2019
tanggal 31 Desember 2020 dan 2019 masing- amounting to Rp 60,950 and Rp 55,866, respectively.
masing sebesar Rp 60.950 dan Rp 55.866.
5. GIRO PADA BANK INDONESIA

}
5. CURRENT ACCOUNTS WITH BANK INDONESIA
31 Desember/December
2020 2019
Rupiah 3,851,297 5,344,026 Rupiah

Dolar Amerika Serikat 1,765,671 3,643,053 United States Dollar
5,616,968 8,987,079
Termasuk dalam saldo giro pada Bank Indonesia Included in the balance of current accounts with Bank
adalah giro berdasarkan prinsip syariah dengan Indonesia are current accounts based on sharia
akad wadiah masing-masing sebesar Rp 378.471 principle under wadiah contract amounting to
dan Rp 458.402 pada tanggal 31 Desember 2020 Rp 378,471 and Rp 458,402 as of 31 December 2020
dan 2019. and 2019, respectively.
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PT BANK BTPN Tbk

5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Giro Wajib Minimum (GWM) pada tanggal As of 31 December 2020 and 2019, the statutory
31 Desember 2020 dan 2019 adalah sebagai reserves were as follows:
berikut:
2020 2019
Bank Bank
Rupiah Rupiah
- GWM (Bank Konvensional) 3.19% 6.17% Statutory Reserves (Conventional Bank) -
- GWM Penyangga Likuiditas 11.70% 9.53% Statutory Reserve Macroprudential -
Makroprudensial PLM
- GWM Rasio Intermediasi Statutory Reserve Macroprudential -
Makroprudential * - - RI *
Mata uang asing Foreign currencies
- GWM mata uang asing 4.02% 8.02% Foreign currencies reserve -
Rupiah Rupiah
- GWM (Bank Syariah) 3.80% 4.91% Statutory Reserves (Sharia Bank) -
*) Pada tanggal 31 Desember 2020 dan 2019 rasio RIM Bank *) On 31 December 2020 and 2019, the Bank RIM ratio is above
berada di atas batas yang ditentukan. Walaupun demikian, the specified limit. Nevertheles the Bank is not subject to the
452 Bank tidak dikenakan GWM RIM dikarenakan rasio KPMM GWM RIM is above 14%.
Bank berada di atas 14%.
Berdasarkan Peraturan Anggota Dewan Based on Board Members Regulation

No. 20/30/PADG/2018 tanggal 30 November No. 20/30/PADG/2018 dated 30 November 2018, the
2018, pemenuhan GWM Primer Rupiah rata-rata required average of Rupiah Primary Statutory
adalah sebesar 6,5% dengan pemenuhan harian Reserves is 6.5% with daily fulfillment is 3.5% and
sebesar 3,5% dan pemenuhan secara rata rata average fulfillment is 3%. This regulation has been
3%. Peraturan ini telah berlaku sejak tanggal effective since 1 December 2018.
1 Desember 2018.
Berdasarkan Peraturan Anggota Dewan Based on Board Members Regulation
No. 21/14/PADG/2019 tanggal 26 Juni 2019, No. 21/14/PADG/2019 dated 26 June 2019, the
tentang perubahan kedua atas Peraturan Anggota second amendment of the Board Members Regulation
Dewan No. 20/30/PADG/2018, pemenuhan GWM No. 20/30/PADG/2018, the required average of
Primer Rupiah rata-rata adalah sebesar 6% Rupiah Primary Statutory Reserves is 6% with daily
dengan pemenuhan harian sebesar 3% dan fulfillment is 3% and average fulfillment is 3%. This
pemenuhan secara rata rata 3%. Peraturan ini regulation has been effective since 1 July 2019.
telah berlaku sejak tanggal 1 Juli 2019.
Penyangga likuiditas makroprudensial adalah Macroprudential liquidity buffer is minimum liquidity
cadangan likuiditas minimum yang wajib dipelihara reserves that must be maintained by the Bank in the
oleh Bank dalam bentuk surat berharga yang form of securities that meet certain requirements,
memenuhi persyaratan tertentu, yang jumlahnya which the amount is determined by Bank Indonesia.
ditetapkan oleh Bank Indonesia.
Rasio Intermediasi Makroprudensial adalah Macroprudential Intermediation Ratio is the additional
tambahan simpanan minimum yang wajib reserve that should be maintained by the Bank in the
dipelihara oleh Bank dalam bentuk saldo rekening form of current accounts with Bank Indonesia, if the
giro pada Bank Indonesia, jika rasio hasil ratio of the comparison between: loans in Rupiah and
perbandingan antara: kredit yang diberikan dalam foreign currencies and corporate securities in Rupiah
rupiah dan valuta asing dan surat berharga and foreign currencies that meet certain
korporasi dalam Rupiah dan valuta asing yang requirements, which are owned by the Bank, against
memenuhi persyaratan tertentu, yang dimiliki Bank in the form of current
terhadap DPK Bank dalam bentuk giro, tabungan, accounts, savings deposits and time deposits in
dan deposito berjangka dalam rupiah dan valuta Rupiah and foreign currencies, excluding interbank
asing, tidak termasuk dana antarbank dan surat funds and securities in Rupiah and foreign currencies
berharga dalam Rupiah dan valuta asing yang that meet certain requirements issued by the Bank to
memenuhi persyaratan tertentu yang diterbitkan obtain funding sources, is below the minimum target
oleh Bank untuk memperoleh sumber pendanaan, of Bank Indonesia or if above the maximum target of
di bawah minimum target Bank Indonesia atau jika Bank Indonesia, the Capital Adequac
di atas maksimum target Bank Indonesia, is below Bank Indonesi s requirement of 14%.
Kewajiban Penyediaan
Bank lebih kecil dari KPMM Insentif Bank
Indonesia sebesar 14%.
92
PT BANK BTPN Tbk
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
Berdasarkan Peraturan Anggota Dewan No. 21/5/ Based on Board Members Regulation
PADG/2019 tanggal 29 Maret 2019, minimum target No. 21/5/PADG/2019 dated 29 March 2019, minimum
Bank Indonesia adalah 84% (berubah dari target of Bank Indonesia is 84% (changed from
sebelumnya 80%) dan maksimum target Bank previously 80%) and maximum target of Bank
Indonesia adalah 94% (berubah dari sebelumnya Indonesia is 94% (changed from previously 92%).
92%). Peraturan ini berlaku sejak tanggal 1 Juli This regulation has been effective since 1 July 2019.
2019.
Sesuai PBI No.22/4/PBI/2020 tentang Insentif bagi As per PBI No.22/4/PBI/2020 regarding Incentives for
Bank yang Memberikan Penyediaan Dana Untuk Banks that Provide Funds for Certain Economic
Kegiatan Ekonomi Tertentu Guna Mendukung Activities to Support the Handling of Economic
Penanganan Dampak Perekonomian Akibat Wabah Impacts due to Corona Virus (COVID-19) Outbreak,
Virus Corona (COVID-19), terdapat insentif GWM there is a GWM incentive in Rupiah currency of 0.5%
dalam mata uang rupiah sebesar 0,5% jika if requirements are met.
memenuhi persyaratan.
Sesuai dengan peraturan BI mengenai giro wajib In accordance with the prevailing BI regulations
berlaku, setiap bank diwajibkan memelihara GWM sharia commercial banks, each bank is required to
dalam Rupiah secara harian sebesar 1,5%, secara maintain GWM in Rupiah on daily basis of 1.5%, with
rata-rata sebesar 3% dan total kewajiban an average of 3% and total obligation of GWM Rupiah 453
pemenuhan GWM dalam Rupiah sebesar 4,5% dari of 4.5% from third party funds.
dana pihak ketiga dalam Rupiah.

Bank dan Entitas Anak memenuhi ketentuan BI
yang berlaku tentang Giro Wajib Minimum pada regarding Statutory Reserve Requirements as of
tanggal 31 Desember 2020 dan 2019. 31 December 2020 and 2019.
6. GIRO PADA BANK-BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS

a. Berdasarkan mata uang a. By currency
2020 2019
Rupiah 402,271) 212,823 Rupiah

Yen Jepang 184,496) 575,604 JapaneseYen
Dolar Amerika Serikat 163,516) 158,708 United States Dollar
Euro Eropa 82,967) 35,410 European Euro
Dolar Singapura 32,465) 46,378 Singapore Dollar
Dolar Australia 15,636) 3,173 Australian Dollar
Poundsterling Inggris 10,421) 7,257 Great Britain Poundsterling
Baht Thailand 3,024) 15,955 Thailand Baht
Mata uang asing lainnya 1,772) 1,596 Other foreign currencies
494,297) 844,081
Cadangan kerugian penurunan nilai (497) - Allowance for impairment losses

896,071) 1,056,904
b. Berdasarkan hubungan dengan pihak lawan b. By relationship with counterparties

2020 2019
Pihak ketiga Third parties
Rupiah 402,271) 212,823 Rupiah
Mata uang asing 123,746) 118,631 Foreign currencies
526,017) 331,454
Pihak berelasi Related party
Mata uang asing 370,551) 725,450 Foreign currencies
Cadangan kerugian penurunan (497) - Allowance for impairment losses

nilai
896,071) 1,056,904
93
PT BANK BTPN Tbk

6. GIRO PADA BANK-BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER

BANKS (continued)
c. Berdasarkan pihak lawan c. By counterparties

2020 2019
PT Bank Central Asia Tbk 375,163) 166,790 PT Bank Central Asia Tbk
Wells Fargo Bank NA, New York 70,411) 46,598 Wells Fargo Bank NA, New York
PT Bank Negara Indonesia PT Bank Negara Indonesia
28,533)
(Persero) Tbk 88,832 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 27,047) 14,738 PT Bank Mandiri (Persero) Tbk
National Australia Bank 15,636) 3,173 National Australia Bank
Citibank N.A., New York 7,069) 8,657 Citibank N.A., New York
Lain-lain 2,158) 2,666 Others
526,017) 331,454
Pihak berelasi Related party
Sumitomo Mitsui Banking Sumitomo Mitsui Banking
Corporation 370,551) 725,450 Corporation
Cadangan kerugian penurunan nilai (497) - Allowance for impairment losses

896,071) 1,056,904
454
Giro pada bank-bank lain pada tanggal As of 31 December 2020 and 2019, current
31 Desember 2020 dan 2019 diklasifikasikan lancar accounts with other banks were classified as
berdasarkan kolektibilitas OJK. Tidak terdapat saldo current based on OJK collectibility. There were no
giro pada bank-bank lain yang diblokir atau current accounts with other banks which were
digunakan sebagai agunan pada tanggal-tanggal blocked or used as collateral as of those dates.
tersebut.
Tingkat suku bunga rata-rata giro pada bank-bank The average interest rates per annum of current
lain per tahun untuk tahun-tahun yang berakhir pada accounts with other banks for the years ended
tanggal 31 Desember 2020 dan 2019 masing- 31 December 2020 and 2019 were 0.81% and
masing adalah 0,81% dan 0,87%. 0.87%, respectively.
Perubahan dalam cadangan kerugian penurunan The movement of the allowance for impairment
nilai adalah sebagai berikut: losses was as follows:
31 Desember/
31 December
2020 2019
Saldo awal -) -) Beginning balance

Dampak penerapan awal Effect of initial implementation of
PSAK 71 (Catatan 47) (95) - PSAK 71 (Note 47)
Penyisihan selama tahun Provision during
berjalan (Catatan 35) (397) -) the year (Note 35)
Lainnya (5) -) Others
Saldo akhir (497) -) Ending balance
Manajemen berpendapat bahwa cadangan kerugian Management believes that the allowance for
penurunan nilai yang dibentuk cukup untuk menutup impairment losses was adequate to cover
kemungkinan kerugian akibat penurunan nilai atas impairment losses for current accounts with other
giro pada bank-bank lain pada tanggal 31 Desember banks as of 31 December 2020.
2020.
Pada tanggal 31 Desember 2019 tidak terdapat giro As of 31 December 2019, there was no impairment
pada bank-bank lain yang mengalami penurunan on current accounts with other banks. Management
nilai. Manajemen berpendapat bahwa tidak believes that no allowance for impairment losses
diperlukan adanya cadangan kerugian penurunan was necessary.
nilai.
94
PT BANK BTPN Tbk
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK-BANK LAIN OTHER BANKS
Pada tanggal 31 Desember 2020 dan 2019, seluruh As of 31 December 2020 and 2019, all placements
penempatan pada Bank Indonesia dan bank-bank with Bank Indonesia and other banks were placed at
lain ditempatkan pada pihak ketiga. third parties.

2020 2019
Rupiah 15,254,818 4,355,828 Rupiah

Pendapatan bunga yang masih akan

diterima 49,471 74,228 Accrued interest income
17,004,339 8,914,104
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, total
jumlah penempatan pada Bank Indonesia dan placements with Bank Indonesia and other
bank-bank lain yang digolongkan sebagai banks that were classified as cash equivalents 455
setara kas adalah masing-masing sebesar amounted to Rp 14,482,317 and Rp 6,559,876,
Rp 14.482.317 dan Rp 6.559.876. respectively.

b. Berdasarkan jenis b. By type
2020 2019
Deposito berjangka 13,793,157 4,484,048 Time deposits

Sertifikat Bank Indonesia Syariah Certificate of Bank Indonesia Sharia
2,472,551 2,280,000
Fasilitas Simpanan Bank Indonesia
bersih setelah dikurangi
dengan diskonto yang belum Facilities net of
diamortisasi 689,160 1,825,828 unamortized discount
Call money - 250,000 Call money
16,954,868 8,839,876
17,004,339 8,914,104
c. Berdasarkan pihak lawan c. By counterparties

2020 2019
Deposito berjangka: Time deposits:

Bank Indonesia 13,793,157 4,484,048 Bank Indonesia
Call money: Call money:

PT Bank Bukopin Tbk - 250,000 PT Bank Bukopin Tbk
Penempatan lain: Other placements:

Bank Indonesia - bersih setelah
dikurangi dengan diskonto yang Bank Indonesia - net of unamortized
belum diamortisasi 3,161,711 4,105,828 discount
16,954,868 8,839,876

17,004,339 8,914,104
95
PT BANK BTPN Tbk

7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK-BANK LAIN (lanjutan) OTHER BANKS (continued)
d. Berdasarkan jangka waktu d. By time period

2020 2019
Hingga 1 bulan 14,482,317 6,559,876 Up to 1 month

Lebih dari 1 - 3 bulan - 150,000 More than 1 - 3 months
Lebih dari 3 - 12 bulan 2,472,551 2,130,000 More than 3 - 12 months
16,954,868 8,839,876

17,004,339 8,914,104
e. Berdasarkan sisa periode sampai dengan e. By remaining period to maturity date

tanggal jatuh tempo
Informasi mengenai sisa periode sampai Information regarding remaining period to
dengan tanggal jatuh tempo diungkapkan pada maturity date was disclosed in Note 42.
Catatan 42.
456
f. Tingkat suku bunga f. Interest rate
Tingkat suku bunga rata-rata per tahun atas The average interest rates per annum of
penempatan pada Bank Indonesia dan bank- placements with Bank Indonesia and other
bank lain untuk tahun-tahun yang berakhir banks for the years ended 31 December 2020
pada tanggal 31 Desember 2020 dan 2019 and 2019 were as follows:
Tahun berakhir 31 Desember/
Year ended 31 December
2020 2019
Rupiah 3.76% 5.20% Rupiah

Mata uang asing 0.11% 2.16% Foreign currencies
g. Cadangan kerugian penurunan nilai g. Allowance for impairment losses

Penempatan pada Bank Indonesia dan bank- Placements with Bank Indonesia and other
bank lain pada tanggal 31 Desember 2020 dan banks as of 31 December 2020 and 2019 was
2019 diklasifikasikan lancar berdasarkan classified as current based on OJK collectibility.
kolektibilitas OJK. Tidak terdapat saldo There were no placements with Bank Indonesia
penempatan di Bank Indonesia dan bank-bank and other banks which were blocked or used as
lain yang diblokir atau digunakan sebagai collateral as of those dates.
agunan pada tanggal-tanggal tersebut.
Pada tanggal 31 Desember 2020 dan 2019 tidak As of 31 December 2020 and 2019, there was
terdapat penempatan pada Bank Indonesia dan no impairment on placement with Bank
bank-bank lain yang mengalami penurunan nilai. Indonesia and other banks. Management
Manajemen berpendapat bahwa tidak believes that no allowance for impairment
diperlukan adanya cadangan kerugian losses was necessary.
penurunan nilai.
96
PT BANK BTPN Tbk
8. EFEK-EFEK 8. SECURITIES
a. Berdasarkan jenis mata uang dan penerbit a. By currency and issuer
Premium
Keuntungan (diskonto) yang
(kerugian) yang belum
belum diamortisasi/
direalisasi/ Unamortised
Nilai nominal/ Unrealised gain premium Nilai tercatat/
Nominal value (loss) (discount) Carrying amount
Rupiah
Diukur pada biaya perolehan/

Measured at acquisition cost
Sertifikat Investasi Mudharabah
Antarbank (SIMA)/Certificate of
Interbank Mudharabah Investment
(SIMA) 79,000 - -) 79,000)
Sukuk Bank Indonesia/Bank Indonesia
sukuk 966,417 - -) 966,417)
Sukuk korporasi/Corporation sukuk 138,000 - 3,339) 141,339)
Surat Berharga Syariah
Negara/Sovereign Sharia Securities 1,430,274 - 8,530) 1,438,804) 457
Reksa dana syariah/Sharia mutual
funds 92,600 - -) 92,600)
Obligasi pemerintah/Government bonds 975,000 - (307) 974,693)

Wesel ekspor/Export bills 101,625 - (301) 101,324)
3,782,916 - 11,261) 3,794,177)
Diukur pada nilai wajar melalui

penghasilan komprehensif lain/
Measured at fair value through other
Obligasi pemerintah/Government bonds 9,399,683 - 346,838) 9,746,521)

Reksa dana syariah/Sharia mutual
funds 85,000 79 -) 85,079)
9,484,683 79 346,838) 9,831,600)
Mata uang asing/Foreign currency

Wesel ekspor/Export bills 1,184,393 - (5,514) 1,178,879)
1,184,393 - (5,514) 1,178,879)
Jumlah/Total 14,804,656)
Pendapatan bunga/marjin yang masih
akan diterima/Accrued
interest/margin income 215,898)
Cadangan kerugian penurunan
nilai/Allowance for impairment
losses (291)
Jumlah/Total 15,020,263)
97
PT BANK BTPN Tbk

8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
a. Berdasarkan jenis mata uang dan penerbit a. By currency and issuer (continued)
(lanjutan)
Premium
Keuntungan (diskonto) yang
(kerugian) yang belum
belum diamortisasi/
direalisasi/ Unamortised Nilai tercatat/
Nilai nominal/ Unrealised premium Carrying
Nominal value gain (loss) (discount) amount
Rupiah
Tersedia untuk dijual/Available for sale

Sertifikat Bank Indonesia/Certificate of Bank
Indonesia 5,647,029) 14,367) (61,820) 5,599,576)
5,647,029) 14,367) (61,820) 5,599,576)
Dimiliki hingga jatuh tempo/Held to maturity

458 Obligasi pemerintah/Government bonds 1,780,000 - 11,330 1,791,330)
1,780,000 - 11,330 1,791,330)
Diukur pada nilai wajar melalui penghasilan

komprehensif lain/Measured at fair

value through other comprehensive
income
Reksa dana syariah/Sharia mutual funds 80,000 185 -) 80,185)
80,000 185 -) 80,185)

Sertifikat Investasi Mudharabah Antarbank
(SIMA)/Certificate of Interbank
Mudharabah Investment (SIMA) 79,000) -) -)) 79,000))
Sukuk Bank Indonesia/Bank Indonesia
sukuk 1,005,926) -) -)) 1,005,926))
Sukuk korporasi/Corporation sukuk 50,000) -) -)) 50,000))
Surat Berharga Syariah Negara/Sovereign
Sharia Securities 816,481) -) (2,439)) 814,042))
Reksa dana syariah/Sharia mutual funds 42,600 - -) 42,600)
1,994,007 - (2,439) 1,991,568)
Pinjaman dan piutang/Loans and
receivables
Wesel ekspor/Export bills 423,437 - (1,136) 422,301)
423,437 - (1,136) 422,301)
Mata uang asing/Foreign currency
Pinjaman dan piutang/Loans and

receivables
Wesel ekspor/Export bills 774,640 - (4,976) 769,664)
774,640 - (4,976) 769,664)
Jumlah/Total
10,654,624))
diterima/Accrued interest/margin
income 48,233))
nilai/Allowance for impairment losses (6)
Jumlah/Total 10,702,851))
98
PT BANK BTPN Tbk
b. Berdasarkan akad b. By contract
Termasuk di dalam efek-efek adalah efek-efek Included in securities are securities under sharia
dengan akad syariah: contracts:
2020 2019
Mudharabah 220,339 129,000) Mudharabah

Ijarah 966,417 814,042) Ijarah
Wakalah 177,679 122,785) Wakalah
Musyarakah muntahiyah bittamlik 1,438,804 1,005,926) Musyarakah muntahiyah bittamlik
2,803,239 2,071,753)
Pendapatan yang masih akan diterima 23,553 14,836) Accrued income
2,826,792 2,086,589)
c. Berdasarkan hubungan lawan c. By relationship
2020 2019
459
Pihak ketiga 14,672,468) 10,568,519) Third parties
Pihak berelasi 132,188) 86,105) Related parties

14,804,656) 10,654,624)
Pendapatan bunga/marjin yang masih Accrued interest/margin
akan diterima 215,898) 48,233) Income
Cadangan kerugian penurunan nilai (291) (6) Allowance for impairment losses
15,020,263) 10,702,851)
d. Berdasarkan jangka waktu d. By time period
2020 2019
Sampai dengan 1 bulan 779,437) 327,884) Up to 1 month

Lebih dari 1 - 3 bulan 1,019,642) 610,854) More than 1 - 3 months
Lebih dari 3 - 6 bulan 622,947) 1,136,222) More than 3 - 6 months
Lebih dari 6 - 9 bulan 2,574) 44,918) More than 6 - 9 months
Lebih dari 9 - 12 bulan 227,562) 5,848,064) More than 9 - 12 months
Lebih dari 12 bulan 12,152,494) 2,686,682) More than 12 months
14,804,656) 10,654,624)
Pendapatan bunga/marjin yang masih Accrued interest/margin
akan diterima 215,898) 48,233) Income
15,020,263) 10,702,851)
e. Berdasarkan sisa periode sampai dengan e. By remaining period of maturity date

tanggal jatuh tempo
Informasi mengenai sisa periode sampai dengan Information regarding remaining period to maturity
tanggal jatuh tempo diungkapkan pada date was disclosed in Note 42.
Catatan 42.
99
PT BANK BTPN Tbk

f. Tingkat suku bunga/marjin rata-rata per tahun f. Average interest rate/margin per annum
2020 2019
Sertifikat Bank Indonesia - 6.44% Certificate of Bank Indonesia

Sertifikat Deposito Bank Indonesia - 5.75% Certificate Deposit of Bank Indonesia
Obligasi korporasi - 6.07% Corporate bonds
Obligasi pemerintah 5.47% 6.84% Government bonds
Surat Berharga Syariah Negara 6.47% 6.81% Sovereign Sharia Securities
Sertifikat Investasi Mudharabah Certificate of Interbank Mudharabah
Antarbank (SIMA) 4.23% 5.12% Investment (SIMA)
Reksa dana syariah 7.23% 7.79% Sharia mutual funds
Sukuk korporasi 6.57% 7.00% Corporate Sukuk
Sukuk Bank Indonesia 4.29% 5.54% Sukuk Bank Indonesia
g. Berdasarkan peringkat g. By rating
Peringkat penerbit sukuk korporasi adalah Rating of issuers of corporate sukuk was as
sebagai berikut: follows:
Pemeringkat/ Peringkat/ Nilai tercatat/
Agencies Rating Carrying amount
Sukuk korporasi/Corporate sukuk
460 PT Bank CIMB Niaga Tbk
Unit Usaha Syariah Pefindo id AAA 80,912
PT Bank Mandiri Syariah Pefindo id AA+ 11,734
PT Bank BRI Syariah Tbk Pefindo id AA+ 43,676
PT Bank BPD Sumatera Barat Tbk

Unit Usaha Syariah Pefindo id A 5,017
Pemeringkat/ Peringkat/ Nilai tercatat/
Agencies Rating Carrying amount
Sukuk korporasi/Corporate sukuk
PT Bank CIMB Niaga Tbk
Unit Usaha Syariah Pefindo id AAA 50,000
Pada 31 Desember 2020 dan 2019, peringkat As of 31 December 2020 and 2019, the rating of
atas seluruh efek yang diterbitkan oleh all securities issued by Republic of Indonesia was
pemerintah Republik Indonesia adalah BBB BBB based on Fitch Ratings Indonesia agency.
berdasarkan pemeringkat Fitch Ratings
Indonesia.
h. Cadangan kerugian penurunan nilai h. Allowance for impairment losses
Manajemen berpendapat bahwa cadangan Management believes that the allowance for
kerugian yang dibentuk cukup untuk menutup losses was adequate to cover impairment losses
kemungkinan kerugian akibat penurunan nilai for securities as of 31 December 2020 and 2019.
atas efek-efek pada tanggal 31 Desember
2020 dan 2019.
Perubahan dalam cadangan kerugian The movement of the allowance for impairment
penurunan nilai efek-efek adalah sebagai losses for securities was as follows:
berikut:
2020 2019
Saldo awal tahun (6) -) Balance at beginning of year

PSAK 71 (Catatan 47) (452) -) PSAK 71 (Note 47)
Pemulihan selama tahun Reversal during
berjalan (Catatan 35) 177) 44) the year (Note 35)
Pengalihan cadangan kerugian
penurunan nilai akibat Transfer allowance for impairment
penggabungan usaha -) (50) losses due to merger
Lainnya (10) -) Others
Saldo akhir tahun (291) (6) Balance at end of year
100
PT BANK BTPN Tbk
i. Informasi penting lainnya sehubungan i. Other significant information relating to

dengan efek-efek securities
Selama tahun yang berakhir pada tanggal During the years ended 31 December 2020 and
31 Desember 2020 dan 2019, Bank tidak 2019, the Bank did not sell securites which
melakukan penjualan atas efek-efek yang measured at fair value through other
diukur pada nilai wajar melalui penghasilan comprehensive income, so there were no gains
komprehensif lain, sehingga tidak ada or losses transferred from equity to profit or loss.
pemindahan keuntungan atau kerugian dari
ekuitas ke laba rugi.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, total
jumlah efek-efek yang digolongkan sebagai securities that were classified as cash
setara kas adalah masing-masing sebesar equivalents amounted to Rp 1,799,079 and
Rp 1.799.079 dan Rp 938.738. Rp 938,738, respectively.
9. TAGIHAN DAN LIABILITAS DERIVATIF 9. DERIVATIVE RECEIVABLES AND PAYABLES
a. Berdasarkan jenis dan hubungan a. (By type and relationship
Nilai wajar/Fair value 461
Nilai Tagihan derivatif/ Liabilitas derivatif/
kontrak/nosional/ Derivative receivables Derivative payables
Contract/notional Pihak berelasi/ Pihak ketiga/ Pihak berelasi/ Pihak ketiga/

Instrumen/Instruments amount Related parties Third parties Related parties Third parties
Kontrak tunai mata uang

asing/Foreign currency
spot 403,235 156 122 - 1,578
Kontrak berjangka mata
uang asing/Foreign
currency forward 3,408,327 5,337 157,986 104 33,268
Swap mata uang asing/
Foreign currency swap 4,801,304 2,866 36,110 37 200,557
Cross currency swap 24,934,804 41,569 563,819 296 534,537
Swap suku bunga/Interest
rate swap 8,339,834 - 109,117 102,335 14,445
41,887,504 49,928 867,154 102,772 784,385
Nilai wajar/Fair value
Nilai Tagihan derivatif/ Liabilitas derivatif/
kontrak/nosional/ Derivative receivables Derivative payables
Contract/notional Pihak berelasi/ Pihak ketiga/ Pihak berelasi/ Pihak ketiga/
Instrumen/Instruments amount Related parties Third parties Related parties Third parties
Kontrak tunai mata uang

asing/Foreign currency
spot 634,430 29 595 17 712
Kontrak berjangka mata
uang asing/Foreign
currency forward 7,595,993 - 154,417 172 55,967
Swap mata uang asing/
Foreign currency swap 20,715,098 1 30,472 - 248,151
Cross currency swap 24,832,379 58,079 526,583 2,796 514,448
Swap suku bunga/Interest
rate swap 9,024,155 3,573 66,623 51,086 21,598
62,802,055 61,682 778,690 54,071 840,876
101
PT BANK BTPN Tbk

9. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 9. DERIVATIVE RECEIVABLES AND PAYABLES

(continued)
a. Berdasarkan jenis dan hubungan (lanjutan) a. By type and relationship (continued)
Bank menyediakan produk derivatif untuk The Bank provides derivative products to its
nasabahnya seperti kontrak pembelian atau customers such as forward exchange
penjualan berjangka mata uang asing, perjanjian contracts, cross-currency swap agreements
swap mata uang asing dan perjanjian swap/cap and interest rate swap/cap agreements to
tingkat suku bunga yang memungkinkan enable its customers to transfer, modify or
nasabahnya untuk memindahkan, memodifikasi reduce their foreign exchange and/or interest
atau mengurangi risiko atas kurs nilai tukar rate risks. As part of its risk management
dan/atau risiko tingkat suku bunga. Sebagai policy, the Bank covers most of these
bagian dari kebijakan manajemen risiko, Bank derivative contracts with customers with back-
melindungi sebagian besar transaksi derivatif to-back derivative contracts with the same
dengan nasabahnya dengan membuat transaksi notional amount and maturity with its foreign
derivatif timbal balik dengan jumlah dan waktu affiliates and other banks. Also, the Bank uses
jatuh tempo yang sama dengan perusahaan derivative instruments as an end-user in
afiliasi di luar negeri dan bank lain. Bank juga connection with its risk management activities.
menggunakan instrumen derivatif sebagai sarana Derivatives are used by the Bank mainly to
sehubungan dengan kegiatan manajemen risiko. manage foreign exchange risk on its foreign
Derivatif digunakan oleh Bank terutama untuk currency denominated assets and liabilities
462 mengatasi risiko kurs nilai tukar atas aset dan and to manage interest rate risk relating to
liabilitas dalam mata uang asing, dan untuk specific groups of assets and liabilities in the
mengatasi risiko tingkat suku bunga yang consolidated statement of financial position.
berhubungan dengan aset dan liabilitas tertentu di

dalam laporan posisi keuangan konsolidasian.
b. Berdasarkan kolektibilitas b. By collectibility
Tagihan derivatif pada tanggal 31 Desember 2020 Derivative receivables as of 31 December

dan 2019 tidak mengalami penurunan nilai, dan 2020 and 2019 were not impaired and were all
diklasifikasikan sebagai lancar berdasarkan classified as current based on OJK grading.
kolektibilitas OJK.
Manajemen berpendapat bahwa tidak diperlukan Management believes that no allowance for
adanya cadangan kerugian penurunan nilai pada impairment losses was necessary on
tagihan derivatif. derivative receivables.
c. Berdasarkan sisa periode sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo
Informasi mengenai sisa periode sampai dengan Information regarding remaining period to
tanggal jatuh tempo diungkapkan pada maturity date was disclosed in Note 42.
Catatan 42.
10. TAGIHAN DAN LIABILITAS AKSEPTASI 10. ACCEPTANCE RECEIVABLES AND

PAYABLES
Semua tagihan akseptasi adalah transaksi dengan All acceptance receivables transactions were
pihak ketiga. with third parties.
2020 2019
Rupiah 542,053) 847,922) Rupiah

Mata uang asing 948,581) 844,538) Foreign currency
1,490,634) 1,692,460)
Dikurangi: Cadangan kerugian penurunan

nilai (5,694) (69) Less: Allowance for impairment losses
1,484,940) 1,692,391)
102
PT BANK BTPN Tbk
10. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 10. ACCEPTANCE RECEIVABLES AND
PAYABLES (continued)
Tagihan akseptasi (lanjutan) Acceptance receivables (continued)
b. Berdasarkan jangka waktu b. By time period

2020 2019
Rupiah Rupiah
Lebih dari 1 - 3 bulan - 24,046 More than 1 - 3 months
Lebih dari 3 - 6 bulan 144,510 56,061 More than 3 - 6 months
Lebih dari 6 bulan 397,543 767,815 More than 6 months
542,053 847,922

Hingga 1 bulan 2,092 3,079 Up to 1 month
Lebih dari 6 bulan 95,494 102,810 More than 6 months
948,581 844,538

1,484,940 1,692,391 463
c. Berdasarkan kolektabilitas c. By collectability

2020 2019
Lancar 1,488,700 1,688,749 Current

Dalam perhatian khusus 1,934 3,711 Special mention
1,490,634 1,692,460

1,484,940 1,692,391
d. Cadangan kerugian penurunan nilai d. Allowance for impairment losses
Perubahan dalam cadangan kerugian penurunan The movement of the allowance for
nilai tagihan akseptasi adalah sebagai berikut: impairment losses for acceptance
receivables was as follows:

2020 2019
Saldo awal tahun (69) -) Balance at beginning of year

PSAK 71 (Catatan 47) (2,611) -) PSAK 71 (Note 47)
(Penyisihan) pemulihan cadangan selama (Provision) reversal of allowance
tahun berjalan (Catatan 35) (3,146) 7) during the year (Note 35)
Pengalihan cadangan kerugian penurunan Transfer allowance for impairment
nilai akibat penggabungan usaha -) (76) losses due to merger
Lainnya 132) -) Others
Saldo akhir tahun (5,694) (69) Balance at end of year
Manajemen berpendapat bahwa cadangan yang Management believes that the allowance for
dibentuk cukup untuk menutup kemungkinan losses was adequate to cover impairment
kerugian akibat penurunan nilai tagihan akseptasi losses on acceptance receivables as of
pada tanggal 31 Desember 2020 dan 2019. 31 December 2020 and 2019.
103
PT BANK BTPN Tbk

10. TAGIHAN DAN LIABILITAS AKSEPTASI (lanjutan) 10. ACCEPTANCE RECEIVABLES AND
PAYABLES (continued)
Liabilitas akseptasi Acceptance payables
a. Berdasarkan hubungan dengan pihak lawan a. By relationship with counterparties and
dan mata uang currency
31 Desember/ December
2020 2019
Rupiah Rupiah
- Pihak ketiga 278,193 557,430) Third parties -
Mata uang asing Foreign Currency
- Pihak ketiga 327,404 173,506) Third parties -
- Pihak berelasi 161,685 157,523) Related parties -
489,089 331,029)
767,282 888,459
b. Berdasarkan jangka waktu b. By time period

2020 2019
Rupiah Rupiah
464 Lebih dari 1 - 3 bulan - 21,568) More than 1 - 3 months
Lebih dari 3 - 6 bulan 144,510 56,060) More than 3 - 6 months
Lebih dari 6 bulan 133,683 479,802) More than 6 months
278,193 557,430)
Mata uang asing Foreign currency

Hingga 1 bulan 2,092 3,079) Up to 1 month
Lebih dari 6 bulan 95,494 102,810) More than 6 months
489,089 331,029)
767,282 888,459)
c. Berdasarkan sisa periode sampai dengan c. By remaining period to maturity date

tanggal jatuh tempo
Informasi mengenai sisa periode sampai dengan Information regarding remaining period to
tanggal jatuh tempo diungkapkan pada Catatan maturity date was disclosed in Note 42.
42.
11. PINJAMAN YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH RECEIVABLES
2020 2019
- Rupiah 85,652,174 94,923,456 Rupiah -
- Dolar Amerika Serikat 38,698,999 34,762,076 United States Dollar -
- Yen Jepang 950,477 942,368 Japanese Yen -
- Euro Eropa 181,335 - European Euro -
Pihak berelasi Related parties
- Rupiah 90,163 98,492 Rupiah -
- Dolar Amerika Serikat 1,115,891 2,032,884 United States Dollar -
- Yen Jepang 714 1,333 Japanese Yen -
Pembiayaan/piutang syariah: Sharia financing/receivables:
- Rupiah 9,522,866 8,999,574 Rupiah -
Pendapatan bunga/marjin yang masih
akan diterima Accrued interest/margin income
- Rupiah 613,802 673,920 Rupiah -
- Dolar Amerika Serikat 65,248 153,093 United States Dollar -
- Yen Jepang 370 346 Japanese Yen -
- Euro Eropa 136 - European Euro -
Dikurangi: Cadangan kerugian
penurunan nilai (3,422,325) (1,467,199) Less: Allowance for impairment losses
133,469,850 141,120,343
104
PT BANK BTPN Tbk
11. PINJAMAN YANG DIBERIKAN DAN PEMBIAYAAN/ 11. LOANS AND SHARIA FINANCING/
PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
a. Berdasarkan jenis, mata uang dan kolektibilitas a. Based on type, currency and
collectability
Dalam
Perhatian
Khusus/ Kurang
Lancar/ Special Lancar/ Diragukan/ Jumlah/
Current Mention Substandard Doubtful Macet/ Loss Total
Rupiah Rupiah
Korporasi 36,305,844 925,486 463,916 - - 37,695,246 Corporates
Pensiunan 30,595,606 527,468 34,575 39,794 126,295 31,323,738 Pensioners
Small Medium
Usaha Kecil Menengah 12,025,199) 17,821) 1,300) 6,920) 493,930) 12,545,170) Enterprises
Usaha Mikro Kecil 855,798) 33,707) 12,707) 1,795) 1,455) 905,462) Micro business
Pembiayaan/piutang Sharia financing/
syariah 9,258,466) 82,315) 53,063) 5,988) 123,034) 9,522,866) receivables
Other institutions
Pegawai instansi lain 710,196) 44,954) 6,163) 5,415) 17,408) 784,136) employees
Keperluan rumah tangga 468,533) 93,903) 22,681) 49,869) 15,299) 650,285) Household goods
Karyawan 152,861) 5) 5) 17) 1,112) 154,000) Employee loans
Umum 1,321,210) 232,232) 11,352) 11,895) 14,969) 1,591,658) General purpose
Kredit kepemilikan
mobil 58,506) 25,893) 2,925) 2,708) 2,608) 92,640) Car Loans
91,752,219) 1,983,784) 608,687) 124,401) 796,110) 95,265,201)
Foreign 465
Mata uang asing currencies
Korporasi 38,267,439) 2,566,977) 91,325) 14,050) 7,627) 40,947,418) Corporates
130,019,658) 4,550,761) 700,012) 138,451) 803,737) 136,212,619)

Pendapatan bunga/
marjin yang masih Accrued interest/
akan diterima 641,138) 38,418) -) -) -) 679,556) margin income
Allowance for
Cadangan kerugian impairment
penurunan nilai (2,120,681) (336,439) (370,133) (82,477) (512,595) (3,422,325) losses
128,540,115) 4,252,740) 329,879) 55,974) 291,142) 133,469,850)
Dalam
Perhatian
Khusus/ Kurang
Lancar/ Special Lancar/ Diragukan/ Jumlah/
Rupiah Rupiah
Pensiunan 33,249,734) 696,810) 53,791) 50,180) 119,767) 34,170,282) Pensioners
Small Medium
Usaha Kecil Menengah 13,218,680) 206,224) 20,154) 90,853) 348,069) 13,883,980) Enterprises
Usaha Mikro Kecil 1,399,899) 165,758) 18,818) 19,281) 7,393) 1,611,149) Micro business
syariah 8,749,269) 127,635) 71,504) 25,102) 26,064) 8,999,574) receivables
Other institutions
Pegawai instansi lain 1,306,174) 99,226) 5,540) 10,826) 19,218) 1,440,984) employees
Keperluan rumah tangga 2,132,674) 207,335) 38,782) 67,025) 13,074) 2,458,890) Household goods
Karyawan 178,308) 372) 237) 85) 300) 179,302) Employee loans
Umum 2,986,003) 122,555) 11,019) 2,508) 3,024) 3,125,109) General purpose
Kredit kepemilikan
mobil 149,531 23,936 2,082 798 706 177,053 Car loans
100,548,388) 2,432,183) 236,677) 266,658 537,615 104,021,521
Foreign
Mata uang asing currencies
Korporasi 35,616,340) 2,010,667) 90,236) 13,883) 7,536) 37,738,662) Corporates
136,164,728) 4,442,850) 326,913) 280,541) 545,151) 141,760,183)
Pendapatan bunga/
Allowance for
Cadangan kerugian impairment
penurunan nilai (507,755) (422,856) (104,196) (125,544) (306,848) (1,467,199) losses
136,430,948) 4,073,378) 222,717) 154,997) 238,303) 141,120,343)
105
PT BANK BTPN Tbk

11. PINJAMAN YANG DIBERIKAN DAN 11. LOANS AND SHARIA FINANCING/
PEMBIAYAAN/PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
a. Berdasarkan jenis, mata uang dan a. Based on type, currency and OJK grading
kolektibilitas OJK (lanjutan) (continued)
Pembiayaan/piutang syariah terdiri atas Sharia financing/receivables consists of
piutang murabahah, pembiayaan musyarakah, murabahah receivables, musyarakah
dan pinjaman qardh masing-masing sebesar financing, and funds of qardh amounted to
Rp 9.514.196, Rp 8.315, dan Rp 355 pada Rp 9,514,196, Rp 8,315, and Rp 355,
tanggal 31 Desember 2020 dan masing-masing respectively, as of 31 December 2020 and
sebesar Rp 8.969.565, Rp 29.129, dan Rp 880 Rp 8,969,565, Rp 29,129, and Rp 880,
pada tanggal 31 Desember 2019. respectively, as of 31 December 2019.
Rasio pinjaman yang diberikan kepada Usaha Ratios of loans extended to Micro, Small and
jumlah pinjaman yang diberikan pada tanggal as of 31 December 2020 and 2019 were
31 Desember 2020 dan 2019 masing-masing 12.12% and 12.27%, respectively. These
sebesar 12,12% dan 12,27%. Rasio tersebut ratios were calculated based on the prevailing
dihitung sesuai dengan peraturan Bank Bank Indonesia regulations.
Indonesia yang berlaku.
b. Berdasarkan sektor ekonomi b. By economic sector

466 31 Desember/December 2020
Dalam
Perhatian
Khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Jumlah/
Rupiah Rupiah
Rumah tangga 32,133,642 743,980 75,505 106,202 174,320 33,233,649 Household
Perdagangan 20,251,127 460,005 314,424 10,494 369,679 21,405,729 Trading
Perindustrian 15,139,336 483,360 3,093 2,000 166,146 15,793,935 Manufacturing
Jasa lainnya 4,771,802 33,155 210,890 4,573 17,339 5,037,759 Other services
Pertanian 2,414,580 7,462 3,702 967 7,082 2,433,793 Agriculture
Accomodation
Jasa akomodasi 204,419 2,737 837 124 93 208,210 services
Konstruksi 5,939,815 2,308 - - 31,937 5,974,060 Construction
Transportasi & Transportation &
komunikasi 10,654,146 250,362 83 27 29,070 10,933,688 communication
Pertambangan 59,209 126 12 2 46 59,395 Mining
Lainnya 184,143 289 141 12 398 184,983 Others
91,752,219 1,983,784 608,687 124,401 796,110 95,265,201
Dolar Amerika United States

Serikat Dollar
Perdagangan 1,991,362 - - - - 1,991,362 Trading
Perindustrian 9,144,320 2,122,014 91,325 14,050 7,627 11,379,336 Manufacturing
Jasa lainnya 486,852 - - - - 486,852 Other services
Pertanian 2,497,184 - - - - 2,497,184 Agriculture
Konstruksi 163,149 - - - - 163,149 Construction
komunikasi 15,457,392 98,140 - - - 15,555,532 communication
Pertambangan 1,846,834 - - - - 1,846,834 Mining
Lainnya 5,894,643 - - - - 5,894,643 Others
37,481,736 2,220,154 91,325 14,050 7,627 39,814,892
Yen Jepang Japanese Yen

Perindustrian 545,462 346,823 - - - 892,285 Manufacturing
Jasa lainnya 58,906 - - - - 58,906 Other services
604,368 346,823 - - - 951,191
Euro Eropa European Euro

Perdagangan 181,335 - - - - 181,335 Trading
181,335 - - - - 181,335
130,019,658 4,550,761 700,012 138,451 803,737 136,212,619
Pendapatan
bunga/marjin
yang masih Accrued interest/
akan diterima 641,138 38,418 - - - 679,556 margin income
Cadangan kerugian Allowance for

penurunan nilai (2,120,681) (336,439) (370,133) (82,477) (512,595) (3,422,325) impairment losses
128,540,115 4,252,740 329,879 55,974 291,142 133,469,850
106
PT BANK BTPN Tbk
b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)

Dalam
Perhatian
Khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Jumlah/
Rupiah Rupiah
Rumah tangga 37,511,417) 1,139,395) 112,704) 132,562) 156,107) 39,052,185) Household
Perdagangan 18,499,411) 346,132) 72,195) 78,456) 214,812) 19,211,006) Trading
Perindustrian 18,288,234) 545,075) 14,548) 41,345) 84,562) 18,973,764) Manufacturing
Jasa lainnya 11,348,037) 343,960) 12,158) 4,551) 3,325) 11,712,031) Other services
Pertanian 1,886,553) 12,534) 4,551) 1,534) 1,506) 1,906,678) Agriculture
Accomodation
Jasa akomodasi 238,745) 14,914) 1,167) 742) 12,017) 267,585) services
Konstruksi 6,116,404) 21,504) 14,750) 3,060) 36,759) 6,192,477) Construction
komunikasi 6,258,173) 7,929) 4,343) 4,337) 28,466) 6,303,248) communication
Pertambangan 233,648) 252) 16) 3) -) 233,919) Mining
Lainnya 167,766) 488) 245) 68) 62) 168,629) Others
100,548,388) 2,432,183) 236,677) 266,658) 537,616) 104,021,522)
Dolar Amerika United States

Serikat
Perdagangan 2,563,857) -) -) -) -) 2,563,857)
Dollar
Trading
467
Perindustrian 8,800,555) 1,792,162) 90,236) 13,882) 7,536) 10,704,371) Manufacturing
Jasa lainnya 13,801,425) -) -) -) -) 13,801,425) Other services
Pertanian 1,784,640) -) -) -) -) 1,784,640) Agriculture

Konstruksi 195,576) -) -) -) -) 195,576) Construction
komunikasi 1,636,441) -) -) -) -) 1,636,441) communication
Pertambangan 1,835,920) -) -) -) -) 1,835,920) Mining
Lainnya 4,272,730) 4,272,730) Others
34,891,144) 1,792,162) 90,236) 13,882) 7,536) 36,794,960)
Yen Jepang Japanese Yen

Perdagangan 23,006) -) -) -) -) 23,006) Trading
Perindustrian 600,087) 218,505) -) -) -) 818,592) Manufacturing
Jasa lainnya 102,103) -) -) -) -) 102,103) Other services
725,196) 218,505) -) -) -) 943,701)
136,164,728) 4,442,850) 326,913) 280,540) 545,152) 141,760,183)

Pendapatan
bunga/marjin
yang masih Accrued interest/

penurunan nilai (507,755) (422,856) (104,196) (125,544) (306,848) (1,467,199) impairment losses
136,430,948) 4,073,378) 222,717) 154,996) 238,304 141,120,343)
c. Berdasarkan jangka waktu c. By time period
2020 2019
Hingga 1 tahun 18,001,012) 19,250,098) Up to 1 year

Lebih dari 1 - 2 tahun 36,789,382) 33,033,629) More than 1 - 2 years
Lebih dari 5 tahun 40,311,485) 45,372,876) More than 5 years
136,212,619) 141,760,183)
Pendapatan bunga/marjin yang
masih akan diterima 679,556) 827,359) Accrued interest/margin income
Cadangan kerugian penurunan nilai (3,422,325) (1,467,199) Allowance for impairment losses
133,469,850) 141,120,343)
107
PT BANK BTPN Tbk

d. Berdasarkan sisa periode sampai dengan d. By remaining period to maturity date

tanggal jatuh tempo

Catatan 42.
e. Berdasarkan hubungan dengan pihak e. By relationship with counterparties/

lawan/debitur debtors
2020 2019
Pihak ketiga 135,005,851) 139,627,474)) Third parties

Pihak berelasi 1,206,768) 2,132,709)) Related parties
136,212,619) 141,760,183))
Pendapatan bunga/marjin yang
masih akan diterima 679,556) 827,359)) Accrued interest/margin income
Cadangan kerugian penurunan nilai (3,422,325) (1,467,199)) Allowance for impairment losses
468 133,469,850) 141,120,343))
f. Tingkat suku bunga/marjin rata-rata per f. Average interest/margin rate per annum
tahun
2020 2019
Tingkat suku bunga rata-rata per
tahun: Average interest rate per annum:

2020 2019
Tingkat marjin rata-rata per tahun: Average margin rate per annum:
Piutang murabahah 20%-30% 25%-30% Murabahah receivables
Pembiayaan musyarakah 10.75% 10.75% Musyarakah financing

Perubahan cadangan kerugian penurunan nilai The movement of the allowance for
pinjaman yang diberikan dan impairment losses for loans and sharia
pembiayaan/piutang syariah adalah sebagai financing/receivables was as follows:
berikut:
Tahun berakhir
31 Desember 2020/
Year ended
31 December 2020
Saldo awal tahun (1,467,199) Balance at beginning of year
Dampak penerapan awal Effect of initial implementation
PSAK 71 (Catatan 47) (460,214) PSAK 71 (Note 47)
Penyisihan selama tahun berjalan (Catatan 35) (2,786,768) Provision during the year (Note 35)
Penerimaan kembali (99,759) Recovery
Penghapusbukuan 1,502,269) Write-off
Lain-lain (110,654) Others
Saldo akhir tahun (3,422,325) Balance at end of year
108
PT BANK BTPN Tbk

pinjaman yang diberikan dan impairment losses for loans and sharia
pembiayaan/piutang syariah adalah sebagai financing/receivables was as follows:
berikut: (lanjutan) (continued)
Tahun berakhir 31 Desember 2019/
Year ended 31 December 2019
Individual/ Kolektif/ Jumlah/
Individual Collective Total
Saldo awal tahun (85,456) (1,048,609) (1,134,065) Balance at beginning of year

Penyisihan selama tahun berjalan Provision during the year
(Catatan 35) (268,164) (1,177,769) (1,445,933) (Note 35)
Penerimaan kembali -) (113,243) (113,243) Recovery
Penghapusbukuan 124,192) 1,369,039) 1,493,231) Write-off
Pengalihan cadangan kerugian Transfer allowance for
penurunan nilai akibat impairment losses due to
penggabungan usaha (92,610) (7,641) (100,251) merger
-) (166,938) (166,938)
Lain-lain Others 469
Saldo akhir tahun (322,038) (1,145,161) (1,467,199) Balance at end of year

pinjaman yang diberikan Bank berdasarkan impairment losses for loans based on Stages
Tahap (Stage) adalah sebagai berikut: was as follows:
Tahap 1/ Tahap 2/ Tahap 3/ Jumlah/
Stage 1 Stage 2 Stage 3 Total
Beginning balance at
Saldo awal tanggal 1 Januari 1 January 2020, after
2020, setelah penerapan PSAK 71 initial
awal PSAK 71 (705,738) (299,069) (630,487) (1,635,294) implementation
Transfer ke Tahap 1 (318,782) 271,869) 46,913) -) Transfer to Stage 1
Transfer ke Tahap 2 758,147) (908,339) 150,192) -) Transfer to Stage 2
Transfer ke Tahap 3 35,806) 1,202,810) (1,238,616) -) Transfer to Stage 3
Perubahan bersih pada eksposur Net change in exposures
dan pengukuran kembali (240,417) (1,169,163) (725,759) (2,135,339) and remeasurements
Aset keuangan yang New originated financial
baru diperoleh (279,051) (88,677) (171,766) (539,494) assets
Penerimaan kembali
pinjaman yang telah Recoveries from
dihapusbukukan -) -) (95,800) (95,800) loans written-off
Penghapusbukuan selama Write-offs during
tahun berjalan -) -) 1,205,497) 1,205,497) the year
Aset keuangan yang Financial assets which
telah dilunasi 242,149) 237,186) 521,111) 1,000,446) have been repaid
Changes in model
Perubahan parameter model (132,113) (81,352) (48,732) (262,197) parameter
Lain-lain -) -) (110,654) (110,654) Others
Balance at end of year -
Saldo akhir tahun kerugian expected credit losses
kredit ekspektasian Bank (639,999) (834,735) (1,098,101) (2,572,835) Bank
Cadangan kerugian penurunan Allowance for impairment
nilai pembiayaan/piutang losses - sharia
syariah (849,490) financing/receivables
(3,422,325)
Saldo akhir tahun Balance at end of year
109
PT BANK BTPN Tbk


Peningkatan cadangan kerugian nilai Bank Increase in the allowance for

dari Rp 1.635.294 menjadi Rp 2.572.835 impairment losses from Rp 1,635,294 to
adalah sebagai dampak dari beberapa Rp 2,572,835 was due to the impact of few
kejadian berikut ini: events as follows:
- Pengkinian parameter model sebagai - Updates in model parameter as part of
bagian dari proses kaji ulang tahunan annual review process to accommodate
untuk mengakomodasi kondisi the latest macroeconomic condition.
makroekonomi terkini.
- Sebagai dampak dari pandemi - As impact of COVID-19 pandemic which
COVID-19 yang melanda Indonesia has been spread to Indonesia since
sejak bulan Maret 2020, Bank telah March 2020, the Bank has restructured
merestrukturisasi pinjaman yang loans amounted to Rp 5,712,090 as of
diberikan dengan jumlah Rp 5.712.090 31 December 2020. The restructured
pada tanggal 31 Desember 2020. loans has increased the allowance for
Pinjaman yang diberikan yang telah impairment losses in Stage 1, 2 and 3 by
direstrukturisasi tersebut telah Rp 83,080, Rp 294,734, and
470 menyebabkan kenaikan cadangan Rp 176,510, respectively.
penurunan nilai pada Tahap 1, 2 dan 3, .
masing-masing sebesar Rp 83.080.
Rp 294.734 and Rp 176.510.
Manajemen berpendapat bahwa cadangan Management believes that the allowance

yang dibentuk cukup untuk menutup for losses was adequate to cover impairment
kemungkinan kerugian akibat penurunan nilai losses on loans and sharia financing/
pinjaman yang diberikan dan receivables as of 31 December 2020 and
pembiayaan/piutang syariah pada tanggal 2019.
31 Desember 2020 dan 2019.
h. Pembiayaan bersama h. Joint financing
Bank mengadakan perjanjian pembiayaan The Bank has entered into joint financing
bersama, antara lain dengan agreements, among others with PT Home
PT Home Credit Indonesia (HCI) dan Credit Indonesia (HCI), and PT Finansia Multi
PT Finansia Multi Finance (Catatan 41). Finance (Note 41).
i. Jasa pemasaran dan administrasi i. Marketing and administration services
Bank mengadakan perjanjian kerjasama jasa The Bank has entered into marketing and
pemasaran dan administrasi dengan PT Oto administration services agreement with PT Oto
Multiartha (OMA) dan PT Summit Oto Finance Multiartha (OMA) and PT Summit Oto Finance
(SOF) (Catatan 41). (SOF) (Note 41).
j. Batas Maksimum Pemberian Kredit j.
Berdasarkan laporan Batas Maksimum

Pemberian Kredit (BMPK) Bank dan Entitas Lending Limit (LLL) report to OJK, as of
Anak yang disampaikan kepada OJK, pada 31 December 2020 and 2019 there was no
tanggal 31 Desember 2020 dan 2019 tidak violation or excess of LLL to both third parties
terdapat pelanggaran ataupun pelampauan
BMPK kepada pihak ketiga dan pihak berelasi regulation.
sesuai dengan peraturan yang telah
ditetapkan OJK.
110
PT BANK BTPN Tbk
k. Pinjaman yang diberikan dan pembiayaan/ k. Non-performing loans and sharia

piutang syariah bermasalah financing/receivables
Berdasarkan peraturan OJK yang berlaku, Based on prevailing OJK regulations, the
rasio bruto pinjaman yang diberikan dan maximum gross non-performing loans and
pembiayaan/piutang syariah bermasalah sharia financing/receivables ratio for a bank is
setinggi-tingginya adalah 5% dari jumlah 5% from total loans and sharia
pinjaman yang diberikan dan pembiayaan/ financing/receivables given. The gross and net
piutang syariah. Rasio kredit bermasalah bruto non-performing loan ratios of the Bank and
dan bersih Bank dan Entitas Anak adalah Subsidiary were as follows:
sebagai berikut:
2020 2019
Kurang lancar 700,012) 326,913) Substandard
Diragukan 138,451) 280,541) Doubtful
Macet 803,737) 545,151) Loss
Jumlah pinjaman yang diberikan
dan pembiayaan/piutang Total non-performing loans and sharia
syariah bermasalah - kotor
1,642,200) 1,152,605) financing/receivables - gross 471
nilai (965,205) (536,588) Allowance for impairment losses

dan pembiayaan/piutang Total non-performing loans and sharia
syariah bermasalah - bersih 676,995) 616,017) financing/receivables - net
dan pembiayaan/piutang Total loans and sharia financing/
syariah yang diberikan 136,212,619) 141,760,183) receivables
Rasio pinjaman yang diberikan
dan pembiayaan/piutang Non-performing loans and sharia
syariah bermasalah - kotor 1.21%) 0.81%) financing/receivables ratio - gross
Rasio pinjaman yang diberikan
dan pembiayaan/piutang Non-performing loans and sharia
syariah bermasalah - bersih 0.50%) 0.43%) financing/receivables ratio - net
Rasio pemenuhan cadangan kerugian

penurunan nilai aset keuangan Bank losses on financial assets (percentage of
(persentase cadangan kerugian penurunan allowance for impairment losses on financial
nilai aset keuangan yang telah dibentuk assets recorded by the Bank to the minimum
terhadap jumlah minimum cadangan kerugian allowance for impairment losses on financial
penurunan nilai aset keuangan sesuai assets as required by Bank Indonesia) as of
ketentuan Bank Indonesia) pada tanggal 31 December 2020 and 2019 were 138.40%
31 Desember 2020 dan 2019 masing-masing and 63.45%, respectively.
adalah sebesar 138,40% dan 63,45%.
Pinjaman yang diberikan pada umumnya Loans are generally collateralised by registered
dijamin dengan agunan yang diikat dengan mortgages, mortgages or powers of attorney to
hipotik, hak tanggungan atau surat kuasa untuk sell and other guarantees.
menjual dan jaminan lainnya.
Pada tanggal 31 Desember 2020, pinjaman As of 31 December 2020, loans secured

yang diberikan yang dijamin dengan jaminan by cash collateral were Rp 17,781,276
uang tunai adalah Rp 17.781.276 (31 December 2019: Rp 13,940,291).
(31 Desember 2019: Rp 13.940.291).
111
PT BANK BTPN Tbk

l. Kredit penerusan l. Channeling loans
Bank juga menyalurkan fasilitas kredit yang The Bank also provides loan facilities funded
dananya bersumber dari Pemerintah Indonesia by the Government of Indonesia or Bank
atau Bank Indonesia melalui kredit penerusan Indonesia through channeling loans in the
(channeling loan) dalam bentuk Kredit Usaha form of Kredit Usaha Tani (KUT) and Kredit
Tani (KUT) dan Kredit Pengusaha Kecil Pengusaha Kecil Menengah (KPKM).
Menengah (KPKM).
Saldo dari kredit penerusan tidak diakui pada These chanelling loans are not recognised in
laporan keuangan konsolidasian. Rincian saldo the consolidated financial statements.
kredit penerusan adalah sebagai berikut: The balances were as follows:
2020 2019
Kredit Penerusan KUT 24,687 24,687 KUT Channeling Loans

Kredit Penerusan KPKM 9,788 9,788 KPKM Channeling Loans
34,475 34,475
472
m. Kredit sindikasi m. Syndicated loans
Kredit sindikasi merupakan kredit yang Syndicated loans represent loans provided to
diberikan kepada nasabah berdasarkan customers under syndication agreements with
perjanjian pembiayaan bersama (sindikasi) other banks and are generally used to support
dengan bank-bank lain dan umumnya the working capital needs and investment. In
digunakan untuk memenuhi kebutuhan modal syndicated loans, the Bank may act as a
kerja dan investasi. Dalam kredit sindikasi, member and/or arranger and/or security
Bank dapat bertindak sebagai anggota agency. Syndication is done with several
dan/atau arranger dan/atau security agency. banks in Indonesia and offshore. Total
Sindikasi dilakukan dengan bank-bank di participation of the Bank in syndicated loans,
Indonesia dan luar negeri. Keikutsertaan Bank in which the Bank acted as a member and/or
sebagai anggota dan/atau arranger dalam arranger, ranged from 5% up to 60%, of
kredit sindikasi berkisar antara 5% sampai syndicated loan facility as of 31 December
dengan 60% dari fasilitas kredit sindikasi pada 2020 and 2019.
tanggal 31 Desember 2020 dan 2019.
n. Perjanjian dengan perusahaan asuransi n. Agreements with insurance companies

PT Asuransi Allianz Life Indonesia PT Asuransi Allianz Life Indonesia
Pada tanggal 26 November 2008, Bank On 26 November 2008, the Bank entered into
an agreement with PT Asuransi
PT third party,
pihak ketiga, untuk melindungi Bank dari risiko to cover the Bank from the risk of
kerugian tidak tertagihnya kredit pensiunan dan uncollectible pension and micro loans with life
mikro dengan asuransi jiwa. Perjanjian insurance. The insurance agreement
Kerjasama ini mencakup 3 bagian (asuransi consists of 3 sections (insurance for pension
untuk debitur Kredit Pensiun sebelum tanggal loan debtors before 1 December 2008,
1 Desember 2008, asuransi untuk debitur insurance for pension loan debtors since
Kredit Pensiun sejak tanggal 1 Desember 2008, 1 December 2008 onwards, and insurance
dan asuransi untuk debitur kredit mikro) dan for micro loan debtors) and is effective for
berlaku hingga 5 (lima) tahun sejak tanggal 5 (five) years since the date of the agreement,
perjanjian, dan kemudian dengan sendirinya and shall then be automatically renewed for
diperbaharui untuk jangka waktu berikutnya further successive periods of each of 5 (five)
masing-masing 5 (lima) tahun atau years or as mutually agreed by both parties.
sebagaimana disepakati bersama oleh para
pihak.
112
PT BANK BTPN Tbk

PT Asuransi Allianz Life Indonesia (lanjutan) PT Asuransi Allianz Life Indonesia

(continued)
Untuk produk Kredit Pegawai premi asuransi For Active Employee Loan, insurance
akan ditanggung sendiri oleh nasabah. premium is solely borne by debtors. 20% of
Sebesar 20% dari premi yang dibayarkan oleh the premiums paid by debtors, which is
debitur yang diterima oleh Allianz, akan received by Allianz, will be returned to the
dikembalikan kepada Bank sebagai komisi. Bank as commission.
Sedangkan untuk debitur mikro, premi asuransi Meanwhile for micro debtors, the insurance
akan ditanggung oleh Bank. premium is borne by Bank.
Jumlah premi yang dibayarkan oleh debitur Total premium paid by debtors through the
melalui Bank dan komisi yang diterima dari Bank and commission fees received from
Allianz untuk tahun-tahun yang berakhir pada Allianz for the years ended 31 December
tanggal 31 Desember 2020 dan 2019 adalah 2020 and 2019 were as follows:
sebagai berikut: 473

2020 2019
Premi yang dibayarkan oleh debitur Premium paid by debtors through

melalui Bank ke Allianz 256,604 353,707 the Bank to Allianz
Penerimaan komisi dari Allianz 19,623 34,090 Commissions received from Allianz
PT Avrist Assurance PT Avrist Assurance
Pada tanggal 23 Juni 2011, Bank melakukan On 23 June 2011, the Bank entered an
perjanjian dengan PT Avrist Assurance agreement with PT Avrist Assurance
ketiga, untuk melindungi Bank third party, to cover the Bank from
dari risiko kerugian tidak tertagihnya kredit the risk of uncollectible pensioners loan. The
pensiunan. Perjanjian Kerjasama ini berlaku agreement is effective for one year and shall
selama satu tahun dan kemudian dengan then be automatically renewed for further
sendirinya diperbaharui untuk jangka waktu successive periods of each of one year or as
berikutnya masing-masing satu tahun atau mutually agreed by both parties.
sebagaimana disepakati bersama oleh kedua
belah pihak.
Premi asuransi akan ditanggung bersama- The insurance premium is borne by both
sama oleh debitur dan Bank. Sebesar 11% dari debtors and the Bank. 11% of the premiums
premi yang dibayarkan oleh debitur yang paid by debtors which is received by Avrist will
diterima oleh Avrist, akan dikembalikan kepada be returned to the Bank as commission.
Bank sebagai komisi.
Jumlah premi yang dibayarkan oleh debitur Total premiums paid by debtors through the
Avrist untuk tahun-tahun yang berakhir pada Avrist for the years ended 31 December 2020
tanggal 31 Desember 2020 dan 2019 adalah and 2019 were as follows:
sebagai berikut:

2020 2019
Premi yang dibayarkan oleh debitur Premium paid by debtors through the
melalui Bank ke Avrist 101,990 130,219 Bank to Avrist
Penerimaan komisi dari Avrist 7,592 12,945 Commissions received from Avrist
113
PT BANK BTPN Tbk


PT Asuransi Jiwa Generali PT Asuransi Jiwa Generali
Pada tanggal 22 Juni 2011, Bank telah On 22 June 2011, the Bank entered into an
melakukan perjanjian dengan PT Asuransi Jiwa agreement with PT Asuransi Jiwa Generali
Generali Generali ketiga, untuk
melindungi Bank dari risiko kerugian tidak from the risk of uncollectible pension loans.
tertagihnya kredit pensiunan. Perjanjian The agreement is effective for one year and
Kerjasama ini berlaku selama satu tahun dan shall then be automatically renewed for further
kemudian dengan sendirinya diperbaharui successive periods of each of one year or as
untuk jangka waktu berikutnya masing-masing mutually agreed by both parties.
satu tahun atau sebagaimana disepakati
bersama oleh kedua belah pihak.
Premi asuransi akan ditanggung bersama- The insurance premium is borne by both
sama oleh debitur dan Bank. Sebesar 11% dari debtors and the Bank. 11% of the premiums
premi yang dibayarkan oleh debitur, yang paid by debtors which is received by Generali
diterima oleh Generali, akan dikembalikan will be returned to the Bank as commission.
474 kepada Bank sebagai komisi.
Pada tanggal 9 Oktober 2015, Bank juga On 9 October 2015, the Bank also entered into
melakukan perjanjian dengan PT Asuransi Jiwa an agreement with PT Asuransi Jiwa Generali
melindungi Bank dari risiko kredit dari pinjaman from the credit risk of active employee loans.
pegawai aktif. Perjanjian kerjasama ini berlaku The agreement is effective for five years and will
selama lima tahun dan kemudian secara be automatically extended for the next five
otomatis akan diperpanjang untuk 5 tahun years or may be terminated earlier as agreed by
berikutnya atau dapat dihentikan lebih awal both parties. As of 31 December 2020, the
sebagaimana disepakati bersama oleh kedua agreement has been last automatically
belah pihak. extended at 9 October 2020 for the next five
Per 31 Desember 2020, perjanjian kerjasama years until 9 October 2025.
ini terakhir kali secara otomatis diperpanjang
pada
9 Oktober 2020 untuk 5 tahun berikutnya
sampai
9 Oktober 2025.
Premi asuransi ditanggung sendiri oleh debitur. The insurance premium is borne solely by
Sebesar 20% dari premi yang dibayarkan oleh debtors. 20% of the premiums paid by debtors
debitur, yang diterima oleh Generali, akan which is received by Generali will be returned to
dikembalikan kepada Bank sebagai komisi. the Bank as commission.
Jumlah premi yang dibayarkan oleh debitur Total premium paid by debtors through the
Generali untuk tahun yang berakhir pada Generali for the years ended 31 December
tanggal 31 Desember 2020 dan 2019 adalah 2020 and 2019 were as follows:
sebagai berikut:

2020 2019
Premi yang dibayarkan oleh

debitur melalui Bank Premium paid by debtors through the
ke Generali 128,906 149,996 Bank to Generali
Penerimaan komisi dari Generali 9,388 15,051 Commissions received from Generali
114
PT BANK BTPN Tbk

PT FWD Life Indonesia PT FWD Life Indonesia
Pada tanggal 13 Desember 2016, Bank juga On 13 December 2016, the Bank signed an
melakukan implementasi kerjasama dengan agreement with PT FWD Life Indonesia
PT
untuk melindungi Bank dari risiko kerugian tidak the risk of uncollectible active employee loans.
tertagihnya kredit pegawai. Perjanjian The agreement is effective for five years and
Kerjasama ini berlaku selama lima tahun dan shall then be automatically renewed for further
kemudian dengan sendirinya diperbaharui five years or as mutually agreed by both
untuk jangka waktu berikutnya selama lima parties.
tahun atau sebagaimana disepakati bersama
oleh kedua belah pihak.
Premi asuransi akan ditanggung oleh debitur. The insurance premium is borne by debtors.
Sebesar 20% dari seluruh premi yang 20% of all premiums paid by debtors which is
dibayarkan oleh debitur, yang diterima oleh received by FWD, will be paid to the Bank as
FWD, akan dibayarkan kepada Bank sebagai commission. 475
komisi.

Jumlah premi yang dibayarkan oleh debitur Total premium paid by the debtors through the
FWD untuk tahun-tahun yang berakhir pada FWD for the years ended 31 December 2020
tanggal 31 Desember 2020 dan 2019 adalah and 2019 were as follows:
sebagai berikut:

2020 2019
melalui Bank ke FWD 1 58 Bank to FWD
Penerimaan komisi dari FWD - 30 Commissions received from FWD
PT Proteksi Antar Nusa PT Proteksi Antar Nusa
Pada tanggal 1 Maret 2017, Bank telah On 1 March 2017, the Bank entered an
melakukan perjanjian dengan PT Proteksi agreement with PT Proteksi Antar Nusa
melindungi Bank dari risiko kerugian tidak the risk of uncollectible pensioners loan. The
tertagihnya kredit pensiunan. Perjanjian agreement has been extended on 17 May
Kerjasama ini telah diperpanjang pada 2020 for another three years and can be
17 Mei 2020 selama tiga tahun dan dapat extended as mutually agreed by both parties.
diperpanjang sebagaimana disepakati
bersama oleh kedua belah pihak.
Sebesar 10,5% dari seluruh premi yang 10.5% of all premiums paid by debtors which
dibayarkan oleh debitur yang diterima oleh PAN is received by PAN will be paid to the Bank as
akan dibayarkan kepada Bank sebagai komisi. commission.
115
PT BANK BTPN Tbk


PT Proteksi Antar Nusa (lanjutan) PT Proteksi Antar Nusa (continued)
Jumlah premi yang dibayarkan oleh debitur The total premium paid by the debtors through
melalui Bank dan komisi yang diterima dari the Bank and commission fees received from
PAN untuk tahun yang berakhir pada tanggal PAN for the years ended 31 December 2020
31 Desember 2020 dan 2019 adalah sebagai and 2019 were as follows:
berikut:

2020 2019
melalui Bank ke PAN 4,952 7,930 Bank to PAN
Penerimaan komisi dari PAN 348 222 Commissions received from PAN
476 PT Adonai Pialang Asuransi PT Adonai Pialang Asuransi
Pada tanggal 14 September 2018, Bank telah On 14 September 2018, the Bank has entered
melakukan perjanjian dengan an agreement with PT Adonai Pialang Asuransi

-related party, to cover the Bank
ketiga, untuk melindungi Bank dari risiko from the risk of uncollectible pensioners loan.
kerugian tidak tertagihnya kredit pensiunan. The agreement is effective for three years and
Perjanjian Kerjasama ini berlaku selama tiga can be extended as mutually agreed by both
tahun dan dapat diperpanjang sebagaimana parties.
disepakati bersama oleh kedua belah pihak.
Sebesar 20% dari seluruh premi yang 20% of all premiums paid by debtors which is
dibayarkan oleh debitur, yang diterima oleh received by APA will be paid to the Bank as
APA akan dibayarkan kepada Bank sebagai commission.
komisi.
Pada tanggal 22 Agustus 2019, Bank juga On 22 August 2019, the Bank also entered into
telah melakukan perjanjian dengan APA an agreement with APA to protect the closure
untuk melindungi penutupan asuransi produk of the Bank's mortgage loan insurance.
kredit KPR Bank.
Komisi yang akan diterima Bank terkait The Bank will receive commission in relation to
produk KPR Bank adalah 10% dari premi the Bank's mortgage products amounted to
asuransi jiwa kredit, dan 5% dari premi 10% of the credit life insurance premium and
asuransi harta benda. 5% of the property insurance premium.
116
PT BANK BTPN Tbk
11. PINJAMAN YANG DIBERIKAN DAN 11. LOANS AND SHARIA FINANCING/ RECEIVABLES
PEMBIAYAAN/PIUTANG SYARIAH (lanjutan) (continued)

PT Adonai Pialang Asuransi (lanjutan) PT Adonai Pialang Asuransi (continued)
Jumlah premi yang dibayarkan oleh debitur The total premium paid by the debtors through
melalui Bank dan komisi yang diterima dari the Bank and commission fees received from
APA untuk tahun yang berakhir pada tanggal APA for the years ended
31 Desember 2020 dan 2019 adalah sebagai 31 December 2020 and 2019 were as follows:
berikut:

2020 2019
Premi yang dibayarkan oleh Premium paid by debtors through the

debitur melalui Bank ke APA 96 24 Bank to APA
Penerimaan komisi dari APA 22 8 Commissions received from APA
o. Pinjaman yang diberikan dan o. Restructured loans and sharia

pembiayaan/piutang syariah yang financing/receivables 477
direstrukturisasi
Pada tanggal 31 Desember 2020 dan 2019,

As of 31 December 2020 and 2019, total
jumlah pinjaman yang diberikan dan restructured loans and sharia financing/
pembiayaan/piutang syariah yang telah receivables based on OJK grading was as
direstrukturisasi berdasarkan kolektibilitas follows:
OJK adalah sebagai berikut:
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total

Pensiunan 339 - - - - 339 Pensioners
Kredit keperluan rumah
tangga 23,220 - - - - 23,220 Household goods
Kredit kepemilikan mobil 15,779 - - - - 15,779 Car loans
Umum 504,653 9 - - - 504,662 General purpose
Small medium
Usaha kecil menengah 3,292,127 2,308 - 5,420 67,205 3,367,060 enterprises
Usaha mikro kecil 591,132 22,647 12,403 891 935 628,008 Micro business
syariah 2,865,772 3,880 44,008 3,712 121,258 3,038,630 receivables
8,433,793 30,917 520,327 10,023 189,398 9,184,458
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/ Jumlah/
Current mention Substandard Doubtful Loss Total
Korporasi 4,781 209,109 - - - 213,890 Corporates

Pensiunan 475 - - - - 475 Pensioners
Small medium
Usaha kecil menengah 251,168 44,175 10,753 12,561 54,630 373,287 enterprises
Usaha mikro kecil 226,497 74,942 9,349 6,564 3,277 320,629 Micro business
syariah 47,400 2,229 968 572 384 51,553 receivables
530,321 330,455 21,070 19,697 58,291 959,834
117
PT BANK BTPN Tbk

o. Pinjaman yang diberikan dan o. Restructured loans and sharia

pembiayaan/piutang syariah yang financing/receivables (continued)
direstrukturisasi (lanjutan)
Sebagai dampak dari pandemi COVID-19 As the impacts of the COVID-19 pandemic
yang melanda Indonesia sejak bulan Maret which has been spread to Indonesia since
2020, sejumlah pinjaman yang diberikan dan March 2020, certain amount of loans and
pembiayaan/piutang syariah telah sharia financing/receivables have been
direstrukturisasi berdasarkan Peraturan OJK restructured based on OJK Regulation
No. 11/POJK.03/ 2020 tanggal 16 Maret 2020 No. 11/POJK.03/ 2020 dated 16 March 2020
tentang Stimulus Perekonomian Nasional concerning National Economic Stimulus as a
Sebagai Kebijakan Countercyclical Dampak Countercyclical Policy on the Impacts of the
Penyebaran Corona Virus Disease 2019. Spread of Corona Virus Disease 2019. The
Jumlah pinjaman yang diberikan dan amount of loans and sharia financing/
pembiayaan/piutang syariah yang telah receivables which have been restructured
direstrukturisasi karena dampak pandemi due to impacts of COVID-19 pandemic
COVID-19 selama tahun 2020 adalah sebesar during 2020 was Rp 6,073,752 for the Bank's
Rp 6.073.752 untuk saldo pinjaman yang balance of loans and Rp 7,129,869 for
478 diberikan Bank dan Rp 7.129.869 untuk Subsidiary's sharia financing/ receivables at
pembiayaan/piutang syariah Entitas Anak pada restructuring date. The Bank and Subsidiary
saat direstrukturisasi. Bank dan Entitas Anak provided restructuring under a scheme of
melakukan restrukturisasi dengan skema principal and/or interest payments delays,
penundaan pembayaran pokok dan/atau change of financing period, or change of

bunga, perubahan jangka waktu pembiayaan interest rate. The outstanding balance of
dan/atau perubahan suku bunga. Saldo loans and sharia financing/receivables which
pinjaman yang diberikan dan have been restructured due to impacts of
pembiayaan/piutang syariah yang telah COVID-19 pandemic as of 31 December
direstrukturisasi karena dampak pandemi 2020 was Rp 5,712,091 and Rp 3,038,628,
COVID-19 pada tanggal 31 Desember 2020 respectively.
adalah sebesar Rp 5.712.091 dan
Rp 3.038.628.
118
PT BANK BTPN Tbk
12. BEBAN DIBAYAR DIMUKA 12. PREPAYMENTS
2020 2019
Asuransi kredit 1,710,521 1,860,240 Loans insurance

Pemeliharaan dan pembaharuan IT 101,425 86,400 IT maintenance and renewal
Sewa bangunan 17,665 235,564 Building rental
Tunjangan perumahan 6,729 18,686 Housing allowance
Jasa profesional 3,958 8,672 Professional service
Promosi 3,178 19 Promotion
Lainnya 38,436 24,940 Others
1,881,912 2,234,521
Beban dibayar dimuka lainnya termasuk beban Other prepayments primarily includes prepayments
dibayar dimuka untuk asuransi jiwa, asuransi uang for life, cash and building insurance.
tunai dan asuransi gedung.
13. PERPAJAKAN 13. TAXATION
a. Klaim pengembalian pajak a. Claims for tax refund
Bank memiliki klaim pengembalian pajak terkait: The Bank has claims for tax refund related to: 479
2020 2019

Pajak penghasilan badan - 2010 803 803 Corporate income tax - 2010
Pajak penghasilan badan - 2014 - 48,167 Corporate income tax - 2014
Kelebihan pembayaran pajak penghasilan Corporate income tax
badan - 2017 5,017 5,067 overpayment - 2017
Kelebihan pembayaran pajak penghasilan Corporate income tax
badan - 2019 197,290 197,290 overpayment - 2019
Pajak lainnya - 2017 5,945 8,800 Other taxes - 2017
209,055 321,312
b. Utang pajak b. Taxes payable
2020 2019
Pajak penghasilan badan: Corporate income taxes:

Bank Bank
- Pasal 29 180,663 - Article 29 -
- Pasal 25 - 60,894 Article 25 -
Entitas anak Subsidiary
- Pasal 25 36,018 45,980 Article 25 -
- Pasal 29 71,247 12,186 Article 29 -
287,928 119,060
Pajak lainnya: Other taxes:
Bank Bank
- Pasal 23, 26 dan 4(2) 118,730 62,269 Article 23,26 and 4(2) -
- Pasal 21 41,703 36,018 Article 21 -
- Pajak pertambahan nilai 3,654 3,129 Value added tax -
Entitas anak Subsidiary
- Pasal 23, 26 dan 4(2) 5,227 9,701 Article 23,26 and 4(2) -
- Pasal 21 5,748 6,716 Article 21 -
- Pajak pertambahan nilai 13 - Value added tax -
175,075 117,833
463,003 236,893
119
PT BANK BTPN Tbk

13. PERPAJAKAN (lanjutan) 13. TAXATION (continued)

c. Beban pajak penghasilan c. Income tax expense
2020 2019
Pajak penghasilan: Income taxes:
- Kini Current -
Bank 541,834) 545,060) Bank
Entitas anak 316,829) 526,767) Subsidiary
- Tangguhan Deferred -
Bank (184,117) 2,828) Bank
Entitas anak (47,147) (48,151) Subsidiary
Jumlah beban pajak penghasilan 627,399) 1,026,504) Total income tax expenses
Rekonsiliasi antara laba akuntansi The reconciliation between consolidated

konsolidasian sebelum pajak penghasilan dikali accounting profit before income tax multiplied by
tarif pajak yang berlaku dengan beban pajak the prevailing tax rate and consolidated income
penghasilan konsolidasian adalah sebagai tax expense was:
berikut:
2020 2019
480 Laba akuntansi konsolidasian sebelum Consolidated accounting profit before
pajak penghasilan 2,633,076) 4,018,922 income tax
Ditambah: Add:
Pendapatan dividen entitas anak 242,667) - Dividend income for subsidiary

2,875,743) 4,018,922
Tarif pajak 22% 25% Tax rate
Pajak dihitung dengan tarif pajak 632,664) 1,004,730 Tax calculated at tax rate
Perbedaan permanen dengan tarif pajak Permanent differences at tax rate:
- Bank (42,420) 12,721 Bank -
- Entitas anak 3,497) 9,053 Subsidiary -
Efek perubahan pajak 33,658) - Effect of tax changes
Beban pajak penghasilan konsolidasian 627,399) 1,026,504 Consolidated income tax expense
Rekonsiliasi antara laba akuntansi konsolidasian The reconciliation between consolidated

sebelum pajak penghasilan dan penghasilan accounting profit before income tax and taxable
kena pajak Bank adalah sebagai berikut: income of the Bank was as follows:
2020 2019
Laba akuntansi konsolidasian sebelum Consolidated accounting profit before
pajak penghasilan 2,633,076) 4,018,922) income tax
Ditambah (dikurangi): Add (less):
Pendapatan dividen dari entitas anak 242,667) -) Dividend income for subsidiary
Laba Entitas Anak sebelum pajak
penghasilan (1,124,296) (1,878,249)
Laba akuntansi sebelum pajak Accounting profit before income
penghasilan (Bank saja) 1,751,447) 2,140,673) tax (Bank only)
Perbedaan temporer: Temporary differences:
Penyisihan kerugian aset produktif - Allowance for impairment losses on
pinjaman yang diberikan 849,218) 14,632) earning assets - loans
Beban penyusutan 29,791) (51,247) Depreciation expenses
Bonus direksi 5,266) (55,752) Bonus for directors
Beban atas imbalan pascakerja 75,251) 59,962) Post-employment benefit expenses
Akrual, bonus, tantiem dan lain-lain (55,278) 21,090) Accruals, bonus, tantiem and others
Jumlah perbedaan temporer 904,248) (11,315) Total temporary differences
Perbedaan permanen: Permanent differences:
Beban yang tidak dapat dikurangkan (192,816) 50,884) Non-deductible expenses
Penghasilan kena pajak Bank 2,462,879) 2,180,242) Taxable income of the Bank
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PT BANK BTPN Tbk
d. Perhitungan beban pajak kini dan d. The computation of current tax expense and
kekurangan (kelebihan) pembayaran pajak corporate income tax underpayment
penghasilan badan adalah sebagai berikut: (overpayment) was as follows:
2020 2019
Penghasilan kena pajak: Taxable income:
Bank 2,462,879) 2,180,242) Bank
Entitas anak 1,440,130) 2,107,068) Subsidiary
3,903,009) 4,287,310)
Beban pajak kini: Current tax expense:
Bank 541,834) 545,060) Bank
Entitas anak 316,829) 526,767) Subsidiary
858,663) 1,071,827)
Dikurangi: Less:
Pajak dibayar dimuka: Prepaid taxes:
Bank (361,171) (742,350) Bank
Entitas anak (245,582) (514,581) Subsidiary
(606,753) (1,256,931)
Kekurangan (kelebihan) pembayaran Corporate income tax underpayment
pajak penghasilan badan: (overpayment):
Bank 180,663) (197,290) Bank
71,247) 12,186)
Entitas anak
251,910) (185,104)
Subsidiary 481
e. Sesuai dengan peraturan perpajakan di e. Under the taxation laws of Indonesia, the Bank

Indonesia, Bank dan Entitas Anak menghitung and its Subsidiary calculate and submit
dan melaporkan/menyetorkan pajak untuk individual company tax returns (submission of
setiap perusahaan sebagai suatu badan hukum consolidated income tax computation is not
yang terpisah (pelaporan pajak penghasilan allowed) on a self-assessment basis. The tax
konsolidasian tidak diperbolehkan) authorities may assess/amend taxes within the
berdasarkan sistem self-assessment. Fiskus statute of limitations under prevailing
dapat menetapkan/mengubah pajak-pajak regulations.
tersebut dalam jangka waktu tertentu sesuai
peraturan yang berlaku.
Manajemen mempertahankan posisi Management vigorously defends the Bank and
perpajakan Bank dan Entitas Anak yang tax positions which are believed to
diyakini berdasarkan pada teknik dasar yang be grounded on sound technical basis, in
kuat, sesuai dengan peraturan perpajakan dan compliance with the tax regulations and
upaya manajemen dalam mengantisipasi management efforts to anticipate possible
kemungkinan risiko timbulnya pajak di masa future tax exposure.
depan.
Perhitungan pajak penghasilan badan untuk The above calculation of income tax for the year
tahun yang berakhir pada tanggal 31 Desember ended 31 December 2020 was a preliminary
2020 di atas adalah suatu perhitungan estimate made for accounting purposes and is
sementara yang dibuat untuk tujuan akuntansi subject to change at the time Bank submits its
dan dapat berubah pada waktu Bank annual tax return (SPT).
menyampaikan Surat Pemberitahuan Pajak
(SPT) tahunannya.
Pada tanggal 31 Maret 2020, Pemerintah On 31 March 2020, the Government issued
menerbitkan Perpu No.1/2020 ("Peraturan"), Perpu No.1/2020 ("the Regulations"), on State
tentang Kebijakan Keuangan Negara dan Financial Policies and Financial System
Stabilitas Sistem Keuangan untuk Penanganan Stability for Handling the COVID-19 Pandemic
Pandemi COVID-19 dan/atau Dalam Rangka and/or In the Context of Facing Threats that
Menghadapi Ancaman yang Membahayakan Endanger the National Economy and/or
Perekonomian Nasional dan/atau Stabilitas Financial System Stability and has been
Sistem Keuangan dan telah ditetapkan melalui determined through Law No.2 of 2020 which
Undang-Undang No.2 Tahun 2020 yang was authorized by the House of Representative
disahkan oleh Dewan Perwakilan Rakyat pada on 16 May 2020 and effective since 18 May
tanggal 16 Mei 2020 dan berlaku sejak tanggal 2020. One of the clauses in this regulation is a
18 Mei 2020. Salah satu klausa dalam peraturan reduction in tax rates, which is 22% for 2020-
ini adalah pengurangan tarif pajak, yaitu 22% 2021 and 20% for 2022 onwards.
untuk tahun 2020 - 2021 dan 20% untuk tahun
2022 dan seterusnya.
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PT BANK BTPN Tbk


f. Aset (liabilitas) pajak tangguhan f. Deferred tax assets (liabilities)
Rincian dari aset (liabilitas) pajak tangguhan Details of deferred tax assets (liabilities) of the
Bank dan Entitas Anak adalah sebagai berikut: Bank and Subsidiary were as follows:
Bank Bank
Dikreditkan/
Penyesuaian (dibebankan)
Saldo saldo awal/ ke laba rugi/ Dibebankan Saldo
awal/ Adjustment Credited/ ke ekuitas/ akhir/
Beginning beginning (charged) to Charged to Ending
balance balance profit or loss equity balance
Cadangan kerugian
penurunan nilai atas
pinjaman yang Allowance for impairment
diberikan (108,528) 124,291 184,936) -) 200,699) losses on loans
Imbalan kerja jangka Short-term employee
pendek 83,102) - (24,975) -) 58,127) benefits
Imbalan pascakerja dan Post-employment
imbalan kerja jangka benefits and other long-
panjang (7,263) - 14,433) 19,964) 27,134) term employee benefits
482 Keuntungan/kerugian
yang belum direalisasi
dari efek-efek yang Unrealized (gain) loss on
diukur pada nilai wajar securities measured at
melalui penghasilan fair value through other

komprehensif lain (4,026) - -) (24,520) (28,546) comprehensive income
Aset tetap (17,836) 20,598 9,945) -) 12,707) Fixed assets
Lain-lain 1,499) - (222) -) 1,277) Others
Aset (liabilitas) pajak Deferred tax assets

tangguhan - bersih (53,052) 144,889 184,117) (4,556) 271,398) (liabilities) - net
Transfer dari
Dikreditkan/ SMBCI terkait
(dibebankan) dengan
Saldo ke laba rugi/ merger/ Dibebankan Saldo
awal/ Credited/ Transfer from ke ekuitas/ akhir/
Beginning (charged) to SMBCI related Charged to Ending
balance profit or loss to merger equity balance
Cadangan kerugian
penurunan nilai atas
pinjaman yang Allowance for impairment
diberikan 66,492) 3,658) (178,678) -) (108,528) losses on loans
Imbalan kerja jangka Short-term employee
pendek 82,246) (2,944) 3,800) -) 83,102) benefits
Imbalan pascakerja dan Post-employment
imbalan kerja jangka benefits and other long-
panjang (33,906) 15,901) -) 10,742) (7,263) term employee benefits
Keuntungan/kerugian Unrealized (gain) loss on
yang belum direalisasi available for sale and
dari efek-efek tersedia measured at fair value
untuk dijual dan diukur through other
pada nilai wajar pada comprehensive income
penghasilan securities
komprehensif lain (1,010) -) 86) (3,102) (4,026)
Aset tetap 690) (12,812) (5,714) (17,836) Fixed assets
Lain-lain 1,638) (6,631) 6,492) -) 1,499) Others
Aset (liabilitas) pajak Deferred tax assets

tangguhan - bersih 116,150) (2,828) (174,014) 7,640) (53,052) (liabilities) - net
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PT BANK BTPN Tbk
f. Aset (liabilitas) pajak tangguhan (lanjutan) f. Deferred tax assets (liabilities) (continued)
Dikreditkan/
(dibebankan)
ke laba rugi/ Dibebankan Saldo
Saldo awal/ Credited/ ke ekuitas/ akhir/
Beginning (charged) to Charged to Ending
balance profit or loss equity balance
Imbalan kerja jangka pendek 49,422) (26,208) -) 23,214) Short-term employee benefits
Imbalan pascakerja dan Post-employment benefits
imbalan kerja jangka panjang and other long-term
lainnya (216) 4,259) 4,436) 8,479) employee benefits
Aset tetap 18,781) (12,177) -) 6,604) Fixed assets
Cadangan kerugian Allowance for impairment
penurunan nilai atas piutang losses on murabahah
murabahah 37,226) 98,912) -) 136,138) receivables
Keuntungan/kerugian yang Unrealized gain (loss) from
belum direalisasi dari efek (46)
39,708)
-
(17,639)
29)
-)
(17)
22,069)
marketable securities 483
Lainnya Others
Aset pajak tangguhan - bersih 144,875) 47,147) 4,465) 196,487) Deferred tax assets - net

Dikreditkan/
(dibebankan)
ke laba rugi/ Dibebankan Saldo
Saldo awal/ Credited/ ke ekuitas/ akhir/
Beginning (charged) to Charged to Ending
balance profit or loss equity balance
Imbalan kerja jangka pendek 34,021) 15,401 -) 49,422) Short-term employee benefits
Imbalan pascakerja dan Post-employment benefits
imbalan kerja jangka panjang and other long-term
lainnya (433) 3,267 (3,050) (216) employee benefits
Aset tetap 11,424) 7,357 -) 18,781) Fixed assets
Cadangan kerugian Allowance for impairment
penurunan nilai atas piutang losses on murabahah
murabahah 26,425) 10,801 -) 37,226) receivables
Keuntungan/kerugian yang Unrealized gain (loss) from
belum direalisasi dari efek (235) - 189) (46) marketable securities
Lainnya 28,382) 11,325 -) 39,707) Others
Aset pajak tangguhan - bersih 99,584) 48,151 (2,861) 144,874) Deferred tax assets - net
g. Surat ketetapan pajak g. Tax assessment letters

Sebelum penggabungan usaha (Catatan Before the merger (Note 1.b), SMBCI had the
1.b), SMBCI memiliki surat ketetapan pajak following tax assessments:
sebagai berikut:
Tahun pajak 2002 Fiscal year 2002

Pada tahun 2005, Direktur Jendral Pajak In
for fiscal year 2002. In 2016, SMBCI filed an

hasil pajak untuk tahun pajak 2002. Pada tahun objection letter to DGT. DGT rejected SMBCI
2016, SMBCI mengajukan surat keberatan ke objection.
DJP. DJP menolak keberatan Bank tersebut.
SMBCI mengajukan gugatan ke Pengadilan SMBCI filed an appeal to the Tax Court on
Pajak pada tanggal 22 Juni 2007 setelah 22 June 2007 after paying all penalty and
membayar semua denda dan bunga. Di bulan interest. In December 2010, the Tax Court
Desember 2010, Pengadilan Pajak approved SMBCI SMBCI received
mengabulkan gugatan SMBCI tersebut dan all tax refund.
SMBCI menerima semua kelebihan
pengembalian pajak.
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g. Surat ketetapan pajak (lanjutan) g. Tax assessments letters (continued)
1.b), SMBCI memiliki surat ketetapan pajak following tax assessments (continued):
sebagai berikut (lanjutan):
Tahun pajak 2002 (lanjutan) Fiscal year 2002 (continued)
Atas putusan Pengadilan Pajak yang
menyetujui banding SMBCI, DJP mengajukan approved the SMBCI
permohonan kasasi kepada Mahkamah Agung judicial review to the Supreme Court in February
di bulan Februari 2011 untuk membatalkan 2011 to revoke the decision of the Tax Court. Up
keputusan dari Pengadilan Pajak. Sampai to the date of consolidated financial statements,
dengan tanggal laporan keuangan the judicial review was still in process.
konsolidasian, permohonan kasasi tersebut
masih dalam proses.
Untuk kompensasi bunga, pada bulan Februari For the interest compensation, in February
2011, SMBCI mengajukan gugatan baru ke 2011, SMBCI filed a new appeal to the Tax Court
Pengadilan Pajak untuk memperoleh to get interest compensation related with 2002
kompensasi bunga terkait pemeriksaan pajak tax assessment. On 22 September 2011,
484 tahun 2002. Pada tanggal 22 September 2011, SMBCI won its appeal to the Tax Court.
SMBCI memenangkan gugatan ke Pengadilan
Pajak tersebut.
Pada bulan Januari 2012, DJP mengajukan In January 2012, DGT filed a judicial review to
permohonan kasasi kepada Mahkamah Agung the Supreme Court to revoke the decision of the
untuk membatalkan keputusan dari Pengadilan Tax Court for interest compensation. Up to
Pajak atas imbalan bunga tersebut. Sampai 31 December 2020, the outcome of the judicial
dengan tanggal 31 Desember 2020, belum ada review filed by the DGT to Supreme Court has
hasil atas permohonan kasasi yang diajukan not been determined yet.
oleh DJP ke Mahkamah Agung.
Pada tanggal 18 Desember 2015, SMBCI On 18 December 2015, SMBCI received SKPKB
menerima SKPKB sejumlah Rp 817. SMBCI amounting to Rp 817. SMBCI paid all taxes
melunasi seluruh SKPKB (termasuk denda) underpayment (including penalties) amounting
sebesar Rp 817 pada tanggal 14 Januari 2016. to Rp 817 on 14 January 2016.
Pada tanggal 14 Maret 2016, SMBCI On 14 March 2016, SMBCI filed an objection to
mengajukan keberatan ke Kantor Pajak. Tax Office.
Pada tanggal 20 Januari 2017, Kantor Pajak On 20 January 2017, the Tax Office issued
telah mengeluarkan Surat Keputusan atas Decision Letter on Taxpayer Objection which
Keberatan Wajib Pajak yang menyetujui approved SMBCI
keberatan SMBCI sebesar Rp 14. SMBCI Rp 14. SMBCI filed an appeal against the
mengajukan permohonan banding atas decision.
keputusan tersebut.
Pada bulan Februari 2020, Bank menerima In February 2020, the Bank received the
Putusan Pengadilan yang menolak decision letter from Tax Court which rejected the
permohonan banding Bank. Atas hasil Putusan . Based on the decision
Pengadilan tersebut, Bank mengajukan letter, the Bank filed an appeal for Judicial
Peninjauan Kembali ke Mahkamah Agung pada Review to the Supreme Court on 7 August 2020.
tanggal 7 Agustus 2020. Sampai dengan Up to 31 December 2020, the outcome of the
tanggal 31 Desember 2020, belum ada hasil appeal has not been determined yet.
atas peninjauan kembali tersebut.
Pada tahun 2016, sehubungan dengan In 2016, in relation with the overpayment income
kelebihan pembayaran pajak penghasilan tax for year 2015 of Rp 36,179, SMBCI
badan tahun 2015 sebesar Rp 36.179, taxes were being audited by the Tax Office.
kewajiban perpajakan SMBCI tahun 2015
diperiksa oleh Kantor Pajak.
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PT BANK BTPN Tbk

1.b), SMBCI memiliki surat ketetapan pajak following tax assessments (continued):
sebagai berikut (lanjutan):
Pada tanggal 26 April 2017, SMBCI menerima On 26 April 2017, SMBCI received a decision
surat ketetapan bahwa Kantor Pajak hanya letter that the Tax Office only approved SMBCI
menyetujui klaim pengembalian pajak SMBCI claim for tax refund amounting to Rp 4,249 out
sebesar Rp 4.249 dari Rp 36.179. SMBCI of Rp 36,179. SMBCI filed an objection letter
mengajukan surat keberatan sejumlah amounted to Rp 31,930, which was recorded as
Rp 31.930, yang dicatat sebagai klaim claim for tax refund.
pengembalian pajak.
Pada tanggal 12 Juli 2018, SMBCI menerima On 12 July 2018, SMBCI received rejection
surat penolakan dari kantor pajak atas letter from the tax office for the objection letter
keberatan yang diajukan sebelumnya. submitted earlier.
Pada tanggal 9 Oktober 2018, SMBCI On 9 October 2018, SMBCI filed an appeal letter
mengajukan surat banding atas surat for the rejection letter sent by the tax office.
penolakan kantor pajak.
Pada tanggal 1 November 2019, SMBCI On 1 November 2019, SMBCI received Tax 485
menerima putusan Pengadilan Pajak dimana Court decision which stated that SMBCI
dalam putusan disebutkan bahwa permohonan appeal request has been wholly granted by the
banding SMBCI dikabulkan seluruhnya oleh Tax Court.

Pengadilan Pajak.
Pada bulan Januari 2020, Bank menerima In January 2020, the Bank received the tax
pengembalian pajak sebesar Rp 31.930. Pada refund amounted to Rp 31,930. In February
bulan Februari 2020, Bank menerima 2020, the Bank received notification of Judicial
pemberitahuan Peninjauan Kembali yang Review filed by DGT. On 5 March 2020, the
diajukan oleh DJP. Bank telah menyampaikan Bank submitted the letter of Counter
Surat Kontra Memorandum kepada Mahkamah Memorandum to the Supreme Court through the
Agung melalui Pengadilan Pajak pada tanggal Tax Court. Up to 31 December 2020, the
5 Maret 2020. Sampai dengan tanggal outcome of the judicial review filed by the DGT
31 Desember 2020, belum ada hasil atas to Supreme Court has not been determined yet.
permohonan peninjauan kembali yang diajukan
oleh DJP ke Mahkamah Agung.
Pada tanggal 19 Februari 2019, SMBCI On 19 February 2019, SMBCI received
menerima beberapa SKPKB sehubungan assessment letters of SKPKB relating to fiscal
dengan tahun pajak 2014 dengan total sebesar year 2014 totaling to Rp 48,227 (including
Rp 48.227 (termasuk denda). Sesuai dengan penalties). Based on the prevailing tax
peraturan yang berlaku, SMBCI telah melunasi regulation, SMBCI fully paid the SKPKB
SKPKB (termasuk denda) tersebut pada (including penalties) on 27 February 2019. On
tanggal 27 Februari 2019. Pada tanggal 26 April 26 April 2019, SMBCI filed an objection letter
2019, SMBCI mengajukan keberatan atas toward SKPKB for corporate income tax and
SKPKB PPh Badan dan PPN. VAT.
Pada tanggal 19 Maret 2020, DJP menolak On 19 March 2020, DGT
keberatan Bank atas permohonan keberatan Objection towards the VAT Objection request.
PPN. Sementara untuk keberatan atas PPh While towards the Corporate Income Tax
Badan, DJP mengabulkan sebagian Objection, DGT granted partially Bank s request
permohonan Bank sebesar Rp 46.604. amounting to Rp 46,604. The tax refund was
Pengembalian pajak telah diterima pada received on 20 May 2020. Bank has no plan to
tanggal 20 Mei 2020. Bank tidak ada rencana appeal for the VAT.
untuk melakukan banding atas PPN.
Pada tanggal 5 Desember 2018, BTPN On 5 December 2018, BTPN received tax audit
menerima surat pemberitahuan pemeriksaan notice for fiscal year 2016. On 18 December
pajak untuk tahun pajak 2016. Pada tanggal 2020, DGT issued the notification of tax
18 Desember 2020, DJP menerbitkan Surat examination result (SPHP) which stated that
Pemberitahuan Hasil Pemeriksaan (SPHP) there are several tax audit findings resulting to
yang menyatakan bahwa terdapat beberapa the underpayment of income tax expenses.
temuan pemeriksaan perpajakan yang
mengakibatkan kurang bayar beban pajak
penghasilan.
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Sebelum penggabungan usaha (Catatan Before the merger (Note 1.b), BTPN had the
1.b), BTPN memiliki surat ketetapan pajak following tax assessments (continued)
sebagai berikut: (lanjutan)
Pada tanggal 7 Januari 2021, Bank telah On 7 January 2021, the Bank has submitted the
menyampaikan tanggapan yang menolak response which rejected all of the tax audit
semua temuan pemeriksaan pajak dan findings and provided its justification. Up to
memberikan justifikasinya. Sampai dengan 31 December 2020, there has been no further
tanggal 31 Desember 2020, belum ada response from DGT.
tanggapan lebih lanjut dari DJP.
Pada tanggal 29 April 2019, Bank menerima On 29 April 2019, the Bank received Tax
sebesar Rp 48.017 dari total lebih bayar Rp 48,017 from the total overpayment in annual
menurut SPT Tahunan PPh Badan sebesar tax return amounting to Rp 53,308. BTPN filed
Rp 53.308. Atas selisih Rp 5.237, BTPN an objection letter on 23 July 2019 for the
mengajukan keberatan dengan surat pengajuan difference of Rp 5,237.
tanggal 23 Juli 2019.
486 Pada bulan Juni 2020, Bank menerima surat In June 2020, the Bank received an objection
keputusan keberatan dari DJP yang menerima decision letter from DGT which partially
sebagian permintaan keberatan Bank. Pada accepted the Bank's objection request. On
tanggal 11 September 2020, Bank telah 11 September 2020, the Bank submitted a
mengajukan permohonan banding sebesar request for appeal amounting to Rp 5,017 to the
Rp 5.017 ke Pengadilan Pajak. Sampai dengan tax court. Up to 31 December 2020, the appeal
tanggal 31 Desember 2020, proses banding was still in process.
masih dalam proses.
Atas pajak lainnya senilai Rp 5.945, Bank For other taxes of Rp 5,945, the Bank submits a
mengajukan permohonan pengembalian refund request to the DGT. Up to 31 December
kepada DJP. Sampai dengan tanggal 2020, the return process is still in process.
31 Desember 2020, proses pengembalian
masih dalam proses.
Pada tanggal 19 Desember 2019, Bank On 19 December 2019, the Bank received a tax
menerima surat pemberitahuan pemeriksaan audit notification letter for income tax article
pajak untuk PPh Pasal 23/26 masa pajak 23/26 for the January 2019 tax period. Up to
Januari 2019. Sampai dengan tanggal 31 December 2020, the tax audit was still on
31 Desember 2020, proses pemeriksaan masih going.
berlangsung.
Pada tanggal 8 Juli 2020, Bank menerima surat On 8 July 2020, the Bank received a tax audit
pemberitahuan pemeriksaan pajak untuk tahun notification for Fiscal Year 2019. As of
pajak 2019. Sampai dengan tanggal 31 December 2020, the audit process is still on
31 Desember 2020, proses pemeriksaan masih going.
berlangsung.
h. Persetujuan penggunaan nilai buku atas h. Approval of the use of book value towards
pengalihan harta dalam rangka the transfer asset in regards of merger
penggabungan usaha
Pada tanggal 28 Mei 2019, sesuai dengan surat On 28 May 2019, in accordance with Letter
No. S.022/DIRUT/FINCP/V/2019, Bank telah No. S.022/DIRUT/FINCP/V/2019, the Bank
mengajukan permohonan izin untuk dapat submitted a request for permission to use the
menggunakan nilai buku atas pengalihan harta book value towards the transfer assets in
dalam rangka penggabungan usaha antara regards of merger between BTPN and
BTPN dengan SMBCI. SMBCI.
Pada tanggal 2 Agustus 2019, Bank telah On 2 August 2019, the Bank received decision
menerima surat keputusan dari DGT No. KEP- letter from DGT No. KEP-196/WPJ.19/2019
196/WPJ.19/2019 tertanggal 30 Juli 2019 dated 30 July 2019 regarding approval to use
mengenai persetujuan penggunaan nilai buku tax book value towards the transfer assets in
menurut pajak atas pengalihan harta dalam regards of merger.
rangka penggabungan usaha.
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14. ASET TETAP 14. FIXED ASSETS
Aset tetap terdiri dari: Fixed assets consist of the following:

Dampak
penerapan
awal
PSAK 73/
Impact of the
Saldo awal/ initial Saldo akhir/
Beginning implementation Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance of PSAK 73 Additions Deductions Reclassification balance
Model revaluasi Revaluation model

Kepemilikan langsung Direct ownership
Tanah 908,804) -) -) -) -) 908,804) Land
Model biaya Cost model

Gedung 410,054) -) 1,754) (18) 968) 412,758) Buildings
Kendaraan bermotor 207,868) -) 16,697) (40,142) 11,577) 196,000) Motor vehicles
Perlengkapan kantor 1,418,212) -) 80,393) (99,440) 6,209) 1,405,374) Office equipments
Leasehold
improvement 772,663) -) 18,077) (1,451) 5,755) 795,044) Leasehold improvement
Aset dalam penyelesaian 34,244) -) 76,342) (115) (71,093) 39,378) Construction in progress
3,751,845) -) 193,263) (141,166) (46,584) 3,757,358)
Aset hak guna -) 1,009,248) 128,120) (11,578) -) 1,125,790) Right-of-use assets

3,751,845) 1,009,248) 321,383) (152,744) (46,584) 4,883,148)
487
Akumulasi penyusutan Accumulated depreciation
Gedung (255,455) -) (48,368) 14) -) (303,809) Buildings
Kendaraan bermotor (104,447) -) (41,828) 38,219) 4) (108,052) Motor vehicles

Perlengkapan kantor (972,363) -) (213,027) 96,098) (4) (1,089,296) Office equipments
Leasehold improvement (525,834) -) (51,945) 1,428) -) (576,351) Leasehold improvement
(1,858,099) -) (355,168) 135,760) -) (2,077,508)
Aset hak guna -) (235,206) (223,563) 11,116) -) (447,653) Right-of-use assets
Nilai buku bersih 1,893,746) 2,357,987) Net book value
Penambahan
dari
penggabungan
Saldo awal/ usaha/ Saldo akhir/
Beginning Additions from Penambahan/ Pengurangan Reklasifikasi/ Ending
balance merger Additions / Deductions Reclassification balance
Model revaluasi Revaluation model

Tanah 908,804)) -) - -) -)) 908,804 Land
Model biaya Cost model

Gedung 394,886)) -) 1,613) -) 13,555) 410,054 Buildings
Kendaraan bermotor 152,354)) -) 73,943) (24,265) 5,836) 207,868 Motor vehicles
Perlengkapan kantor 1,226,677)) 154,952) 48,251) (174,113) 162,445) 1,418,212 Office equipments
Leasehold
improvement 670,356)) 105,429) 24,206) (40,989) 13,661) 772,663 Leasehold improvement
Aset dalam penyelesaian 35,339)) -) 176,110) (1,667) (175,538) 34,244 Construction in progress
3,388,416)) 260,381) 324,123) (241,034) 19,959) 3,751,845
Akumulasi penyusutan Accumulated depreciation

Gedung (210,527)) -) (45,086) 154) 4)) (255,455) Buildings
Kendaraan bermotor (88,358)) -) (32,453) 16,364) -)) (104,447) Motor vehicles
Perlengkapan kantor (847,709)) (75,760) (215,249) 166,358) (3)) (972,363) Office equipments
Leasehold improvement (455,095)) (39,565) (65,476) 34,303) (1)) (525,834) Leasehold improvement
(1,601,689) (115,325) (358,264) 217,179) -)) (1,858,099)
1,786,727) 1,893,746)
Nilai buku bersih Net book value
Rincian keuntungan (kerugian) penjualan aset tetap Detail of the gain (loss) on disposal of fixed assets
adalah sebagai berikut: was as follows:
2020 2019
Hasil atas penjualan aset tetap 8,792) 6,026) Proceeds from sale of fixed assets
Nilai buku bersih (1,945) (9,551) Net book value
Keuntungan (kerugian) penjualan aset tetap 6,847) (3,525) Gain (loss) on sale of fixed assets
127
PT BANK BTPN Tbk

14. ASET TETAP (lanjutan) 14. FIXED ASSETS (continued)
Aset dalam penyelesaian pada tanggal Assets under construction as of

31 Desember 2020 dan 2019 masing-masing 31 December 2020 and 2019 amounted to
sebesar Rp 39.378 dan Rp 34.244 merupakan Rp 39,378 and Rp 34,244, respectively, related to
gedung yang disewa dari pihak ketiga dan masih buildings that were rented from third parties but was
dalam tahap renovasi dan perlengkapan kantor still in the renovation progress and office
yang masih dalam tahap konstruksi. Konstruksi equipments that were still under construction. Those
tersebut diperkirakan akan selesai pada tahun 2021 constructions are estimated to be completed in 2021
dengan persentase penyelesaian adalah antara with current percentages of completion between
5% - 95% pada tanggal 31 Desember 2020 5% - 95% as of 31 December 2020 (31 December
(31 Desember 2019: 5% - 95%). 2019: 5% - 95%).
Pada tanggal 31 Desember 2020 dan 2019, aset As of 31 December 2020 and 2019, fixed assets,
tetap, kecuali tanah, telah diasuransikan kepada except for land, have been insured by the third party
perusahaan asuransi pihak ketiga: insurance companies:
2020 2019
PT Asuransi MSIG Indonesia 1,301,943 1,165,071 PT Asuransi MSIG Indonesia

PT Asuransi Adira Dinamika Syariah 193,975 142,288 PT Asuransi Adira Dinamika Syariah
488 PT Asuransi Adira Dinamika - 11,130 PT Asuransi Adira Dinamika
Jumlah 1,495,918 1,318,489 Total
Bank dan Entitas Anak berpendapat bahwa nilai The Bank and Subsidiary believe that the insurance
pertanggungan asuransi cukup untuk menutup coverage is adequate to cover possible losses
kemungkinan kerugian dari aset tetap tersebut. arising from the fixed assets.
Pada tanggal 31 Desember 2020 dan 2019, Bank As of 31 December 2020 and 2019, the Bank and
dan Entitas Anak melakukan peninjauan kembali Subsidiary performed a review on useful life,
atas masa manfaat, metode penyusutan dan nilai depreciation method and residual value of fixed
residu aset tetap dan menyimpulkan bahwa tidak assets and concluded that no change in these
diperlukan perubahan atas metode dan asumsi method and assumptions was necesarry.
tersebut.
Penyusutan aset tetap untuk tahun-tahun yang The depreciation of fixed assets for the years ended
berakhir pada tanggal 31 Desember 2020 dan 2019 31 December 2020 and 2019 amounting to
masing-masing sebesar Rp 355.168 dan Rp 355,168 and Rp 358,264, respectively, was
Rp 358.264 dibebankan pada beban umum dan charged to general and administrative expenses
administrasi (Catatan 34). (Note 34).
Penyusutan aset hak guna untuk tahun yang The depreciation of right-of-use asset for the year
berakhir pada tanggal 31 Desember 2020 sebesar ended 31 December 2020 amounting to
Rp 223.563 dibebankan pada beban umum dan Rp 223,563 was charged to general and
administrasi (Catatan 34). administrative expenses (Note 34).
Pada tanggal 31 Desember 2020, aset tetap yang As of 31 December 2020, fixed assets that have
sudah disusutkan penuh namun masih digunakan been fully depreciated but were still in use to support
untuk menunjang aktivitas operasi Bank adalah amounted to
sebesar Rp 887.663 (31 Desember 2019: Rp 887,663 (31 December 2019: Rp 712,998).
Rp 712.998).
Manajemen Bank dan Entitas Anak berpendapat

bahwa tidak terdapat indikasi adanya penurunan that there was no indication of impairment in the
nilai atas aset tetap pada tanggal 31 Desember value of fixed assets as of 31 December 2020 and
2020 dan 2019. 2019.
Pada tanggal 31 Desember 2020 dan 2019, tidak As of 31 December 2020 and 2019 there was no
terdapat aset tetap yang digunakan sebagai fixed asset pledged as collateral and no limitation of
jaminan dan semua aset tetap tidak dibatasi ownership of the fixed assets.
kepemilikannya.
128
PT BANK BTPN Tbk
14. ASET TETAP (lanjutan) 14. FIXED ASSETS (continued)
Revaluasi tanah Revaluation of land
Berdasarkan kajian manajemen pada tanggal Based on assessment performed by management

31 Desember 2020 dan 2019, tidak terdapat as of 31 December 2020 and 2019, there was no
kenaikan yang signifikan atas nilai tanah sehingga significant increase on the value of land. Therefore,
manajemen memutuskan untuk tidak membukukan management decided not to book the increment of
nilai kenaikan tanah tersebut. fair value.
15. ASET TAKBERWUJUD 15. INTANGIBLE ASSETS

Saldo awal/
Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Saldo akhir/
balance Additions Deductions Reclassification Ending balance
Harga perolehan Cost

Piranti lunak 1,892,162) 47,505) (39,578) 303,033) 2,203,122) Software
Pengembangan piranti lunak 244,119) 349,175) (20,097) (309,008) 264,189) Software development
Goodwill 61,116) -) -) -) 61,116) Goodwill
2,197,397) 396,680) (59,675) (5,975) 2,528,427)
Accumulated
Akumulasi amortisasi amortisation
Piranti lunak (1,128,855) (364,272) 5,299) -) (1,487,828) Software
Nilai buku bersih 1,068,542 1,040,599 Net book value

489

Penambahan
dari
penggabungan Saldo
Saldo awal/ usaha/ akhir/
Beginning Additions from Penambahan/ Pengurangan Reklasifikasi/ Ending
balance merger Additions / Deductions Reclassification balance
Harga perolehan Cost

Piranti lunak 1,236,783 199,330) 13,622) (6,144) 448,571) 1,892,162) Software
Pengembangan piranti Software
lunak 365,786) -) 366,612) (19,749) (468,530) 244,119) development
Goodwill 61,116) -) -) -) -) 61,116) Goodwill
1,663,685) 199,330) 380,234) (25,893) (19,959) 2,197,397)
Akumulasi Accumulated
amortisasi amortisation
Piranti lunak (722,855) (93,063) (318,284) 5,347) -) (1,128,855) Software
Nilai buku bersih 940,830) 1,068,542 Net book value
Sisa periode amortisasi untuk piranti lunak adalah Remaining amortisation period of software is 1 to 4
1 sampai dengan 4 tahun. years.
Goodwill merupakan selisih antara nilai perolehan Goodwill arises from the difference between the cost
dengan nilai wajar dari aset Entitas Anak yang
diakuisisi pada tahun 2014 dimana Bank assets acquired in 2014 where the Bank acquired
mengakuisisi 70% saham PT Bank Sahabat Purba
Danarta (sekarang PT Bank BTPN Syariah Tbk). (now PT Bank BTPN Syariah Tbk).
Manajemen Bank dan Entitas Anak berpendapat

bahwa tidak terdapat indikasi adanya penurunan there is no impairment in the value of intangible
nilai aset takberwujud pada tanggal 31 Desember assets as of 31 December 2020 and 2019.
2020 dan 2019.
Amortisasi aset takberwujud untuk tahun-tahun The amortisation of intangible assets for the years
yang berakhir pada tanggal 31 Desember 2020 dan ended 31 December 2020 dan 2019 amounted to
2019 masing-masing sebesar Rp 364.272 dan Rp 364,272 and Rp 318,284, respectively, and was
Rp 318.284 dan dibebankan sebagai beban umum changed to general and administrative expenses
dan administrasi (Catatan 34). (Note 34).
129
PT BANK BTPN Tbk

16. ASET LAIN-LAIN BERSIH 16. OTHER ASSETS NET
2020 2019
Transaksi ATM dan transfer 190,386 89,998) ATM transaction and transfer
Jaminan sewa 55,291 69,177) Rental security deposits
Agunan yang diambil alih 19,359 169) Foreclosed collateral
Tagihan kepada asuransi 13,508 23,232) Receivables from insurance company
Uang muka 10,078 32,945) Advance payment
Persediaan keperluan kantor 9,572 14,290) Office supplies
Aset imbalan kerja (Catatan 23) - 69,202) Employee benefits assets (Note 23)
Lain-lain 45,285 33,918) Others
343,479 332,931)
343,309 332,762)
Transaksi ATM dan transfer terdiri dari piutang atas ATM transaction and transfer consists of
transaksi ATM dan transfer antar bank yang akan receivables from ATM transaction and transfer from
diselesaikan pada hari kerja berikutnya. other banks that will be settled on the following
working day.
Jaminan sewa merupakan pembayaran atas uang Rental security deposits represent security deposits
490 jaminan sewa gedung. payment on building rent.
Aset imbalan kerja merupakan kelebihan Employee benefit assets derived from overfunding
pendanaan pada aset program dimana terdapat in plan asset program which provide future
manfaat ekonomi masa depan untuk Bank. economic benefit to the Bank.
Uang muka merupakan uang muka pembelian Advance payment consists of advances for
inventaris, beban perjalanan dinas dan uang muka purchace on office supplies, business trip
operasional lainnya. allowances and other operational advances.
Tagihan kepada asuransi adalah klaim kepada Receivables from insurance company are the claim
pihak asuransi atas uang pesangon karyawan dan to the insurance companies on
klaim pengembalian premi nasabah kredit pensiun. severance pay and premium refund claim for
pension debtors.
Persediaan keperluan kantor merupakan Office supplies represent supply of application

persediaan atas formulir aplikasi, materai, kartu forms, stamps, ATM cards and cheques.
ATM dan cek.
Lain-lain terdiri dari berbagai macam tagihan dari Others mainly consist of various receivables from
transaksi kepada pihak ketiga. transaction with third parties.
Cadangan kerugian penurunan nilai aset lain-lain Allowance for impairment losses for other assets as
pada tanggal 31 Desember 2020 dan 2019 masing- of 31 December 2020 and 2019 amounted Rp 169,
masing sebesar Rp 169, dibentuk sebagian besar respectively, were mainly made for foreclosed
untuk agunan yang diambil alih Entitas Anak. collaterals of Subsidiary. Management believes that
Manajemen berpendapat bahwa jumlah cadangan the allowance for impairment losses is sufficient.
kerugian penurunan nilai tersebut telah memadai.
130
PT BANK BTPN Tbk
17. LIABILITAS SEGERA 17. OBLIGATIONS DUE IMMEDIATELY
Seluruh liabilitas segera adalah dalam mata uang All obligations due immediately were denominated
Rupiah dan dengan pihak ketiga. in Rupiah and to third parties.
2020 2019
Titipan pencairan deposito 38,412 - Unsettled time deposits

Unsettled profit-sharing of time
Titipan bagi hasil deposito 5,688 4,307 deposits
Kiriman uang yang belum diselesaikan 3,526 423 Unsettled remittance transactions
Titipan uang pensiun 2,761 4,304 Unsettled pension funds
Titipan asuransi pensiun 2,615 473 Unsettled pension insurance funds
Lain-lain 6,402 8,761 Others
59,404 18,268
Titipan pencairan deposito merupakan tampungan Unsetlled time deposits represent

uang deposito yang telah cair dan belum diambil time deposits which have been due but have not
nasabah. been taken by the customers.
Titipan uang pensiun merupakan tampungan uang Unsettled pension funds represent
pembayaran pensiun nasabah yang akan retirement payments that will be paid to the 491
dibayarkan ke rekening nasabah. bank account.

18. SIMPANAN NASABAH 18. DEPOSITS FROM CUSTOMERS
2020 2019
Pihak ketiga: Third parties:

- Giro 15,709,092 14,315,643 Current accounts -
- Tabungan 11,747,597 9,944,811 Savings deposits -
- Deposito berjangka 59,882,737 51,619,381 Time deposit -
- Deposito on call 1,085,620 2,969,819 Deposits on call -
88,425,046 78,849,654
Pihak berelasi: Related parties:

- Giro 51,616 58,583 Current accounts -
- Tabungan 14,418 10,894 Savings deposits -
- Deposito berjangka 4,374,460 469,684 Time deposits -
4,440,494 539,161
92,865,540 79,388,815
Beban bunga yang masih harus dibayar 268,383 210,601 Accrued interest expenses
93,133,923 79,599,416
Berdasarkan mata uang: By currency:
2020 2019
Simpanan nasabah: Deposits from customers:

Rupiah 82,507,247 67,317,139 Rupiah
Yen Jepang 839,340 1,103,663 Japanese Yen
Mata uang asing lainnya 60,383 74,869 Other foreign currency
92,865,540 79,388,815
93,133,923 79,599,416
131
PT BANK BTPN Tbk

18. SIMPANAN NASABAH (lanjutan) 18. DEPOSITS FROM CUSTOMERS (continued)
a. Giro a. Current accounts

2020 2019
Rupiah 7,459,811 5,431,023 Rupiah

Yen Jepang 708,484 1,036,827 Japanese Yen
Mata uang asing lainnya 61,417 40,075 Other foreign currencies
15,760,708 14,374,226
Beban bunga yang masih harus dibayar 1,264 731 Accrued interest expenses
15,761,972 14,374,957
Giro Wadiah yang dikelola oleh anak

perusahaan, masing-masing sebesar subsidiary, amounted to Rp 50,954 and
Rp 50.954 dan Rp 25.248 pada tanggal 31 Rp 25,248 as of 31 December 2020 and 2019,
Desember 2020 dan 2019. respectively.
Tingkat suku bunga rata-rata giro per tahun: The average interest rate per annum for current
492 accounts:
Year ended December
2020 2019

Saldo giro yang diblokir pada tanggal Total current accounts which were blocked as
31 Desember 2020 dan 2019 masing-masing of 31 December 2020 and 2019 amounted to
adalah sebesar Rp 249 dan Rp 163.395. Rp 249 and Rp 163,395, respectively.
b. Tabungan b. Saving deposits
Berdasarkan jenis: By type:

2020 2019
5,631,446 3,141,319 Jenius

2,390,046 2,501,285
1,749,250 1,813,317 Savings
1,568,579 2,094,713
184,809 175,326 Pasti
Tepat Tabungan 37,344 38,003 Tepat Tabungan Savings
14,737 15,205 Savings
11,762,015 9,955,705
Beban bunga yang masih harus
dibayar 2,414 3,066 Accrued interest expenses
11,764,429 9,958,771
132
PT BANK BTPN Tbk
b. Tabungan (lanjutan) b. Saving deposits (continued)
2020 2019
Rupiah 11,396,888 9,807,345 Rupiah
Dolar Amerikat Serikat 284,829 95,712 United States Dollar
Mata uang asing lainnya 60,383 34,794 Other foreign currencies
11,762,015 9,955,705
11,764,429 9,958,771
Tingkat suku bunga rata-rata tabungan per Average interest rate per annum for saving
tahun: deposits:
Tahun berakhir 31 Desember/ 493

2020 2019

Saldo tabungan yang diblokir pada tanggal Total saving deposits which were blocked as of
31 Desember 2020 dan 2019 masing-masing 31 December 2020 and 2019 amounted to
adalah sebesar Rp 13.849 dan Rp 5.072. Rp 13,849 and Rp 5,072, respectively.
c. Deposito berjangka c. Time deposits
2020 2019
Deposito berjangka Time Deposits

Rupiah 62,564,928 49,751,557 Rupiah
64,257,197 52,089,065

64,521,128 52,293,888
133
PT BANK BTPN Tbk


c. Deposito berjangka (lanjutan) c. Time deposits (continued)
Berdasarkan jangka waktu: By time period:
2020 2019

Lebih dari 1 tahun 38,120 36,156 More than 1 year
64,257,197 52,089,065
64,521,128 52,293,888
Berdasarkan tingkat suku bunga: By interest rate:
494 31 Desember/December
2020 2019
Hingga 7% 64,247,558 44,590,172 Up to 7%

7% - 8% 8,601 7,236,869 7% - 8%
8% - 9% 1,038 262,024 8% - 9%
64,257,197 52,089,065
64,521,128 52,293,888
Tingkat suku bunga rata-rata per tahun untuk Average interest rate per annum for time
deposito: deposits:

Year ended December
2020 2019

Saldo deposito berjangka yang diblokir atau Total time deposits blocked or pledged for
dijadikan jaminan kredit pada tanggal collaterals of loans as of 31 December 2020 and
31 Desember 2020 dan 2019, masing-masing 2019 amounted to Rp 303,364 and Rp 235,095,
adalah sebesar Rp 303.364 dan Rp 235.095. respectively.

Catatan 42.
134
PT BANK BTPN Tbk
d. Deposito on call d. Deposits on call

2020 2019
Deposito on call Deposits on call

- Rupiah 1,085,620 2,327,214 Rupiah -
- Dolar Amerika Serikat - 632,764 United States Dolar -
- Yen Jepang - 9,841 Japanese Yen -
1,085,620 2,969,819

dibayar 774 1,981 Accrued interest expenses
1,086,394 2,971,800
Rata-rata suku bunga deposito on call per tahun Average interest rates on deposits on call per
untuk tahun-tahun yang berakhir pada tanggal annum for the years ended 31 December 2020
31 Desember 2020 dan 2019, masing-masing and 2019 were 4.56% and 6.66%, respectively.
adalah 4,56% dan 6,66%. 495
19. SIMPANAN DARI BANK-BANK LAIN 19. DEPOSITS FROM OTHER BANKS

2020 2019
Pihak ketiga 644,908 4,342,049 Third parties

Pihak berelasi 5,904,428 7,291,425 Related parties
6,549,336 11,633,474
6,549,706 11,690,555
a. Berdasarkan jenis: a. By type:

2020 2019
Call money 6,533,250 11,568,219 Call money

Giro 16,086 15,234 Current accounts
Bank acceptance finance - 50,000 Bank acceptance finance
Tabungan - 21 Saving deposits
6,549,336 11,633,474
6,549,706 11,690,555
Tidak ada saldo simpanan dari bank-bank lain There were no deposits from other banks which
yang diblokir atau dijadikan jaminan pada were blocked or pledged as of 31 December
tanggal 31 Desember 2020 dan 2019. 2020 and 2019.
135
PT BANK BTPN Tbk

19. SIMPANAN DARI BANK-BANK LAIN (lanjutan) 19. DEPOSITS FROM OTHER BANKS (continued)
b. Berdasarkan mata uang: b. By currency:
2020 2019
Rupiah 16,086 4,345,162 Rupiah

6,549,336 11,633,474

6,549,706 11,690,555
c. Tingkat suku bunga rata-rata per tahun: c. Average interest rate per annum:
Year ended December
2020 2019
Rupiah Rupiah
Call money 5.20% 6.81% Call money
Bank acceptance finance 5.86% 7.5% Bank acceptance finance
496 Tabungan - 1.5% Savings deposits
Giro 0.23% 0.03% Current accounts
Dolar Amerika Serikat United States Dollar

Call money 0.87% 2.94% Call money
d. Jangka waktu: d. Time period:

Jangka waktu simpanan dari bank-bank lain The time period of deposits from other banks as
pada tanggal 31 Desember 2020 dan 2019 of 31 December 2020 and 2019 was less than
adalah kurang dari 1 tahun. 1 year.

Catatan 42.
20. EFEK-EFEK YANG DITERBITKAN 20. SECURITIES ISSUED
a. Surat utang jangka menengah a. Medium term notes

Peringkat/ December December
Rating*) 2020 2019
Nilai nominal: Nominal value:

Medium term notes II SMBCI idAAA - 1,302,000) Medium term notes II SMBCI
Dikurangi: Less:
Biaya transaksi yang belum Unamortised transaction costs
diamortisasi - (591)
- 1,301,409)
Ditambah: Add:
dibayar - 5,032) Accrued interest expenses
- 1,306,441)
Surat utang jangka menengah sesuai Medium term notes based on

dengan jangka waktunya: time period:
1 - 3 tahun - 1,302,000) 1 - 3 years
- 1,302,000)
*) Berdasarkan peringkat dari PT Pemeringkat Efek Indonesia *) Based on rating by PT Pemeringkat Efek Indonesia
136
PT BANK BTPN Tbk
20. EFEK-EFEK YANG DITERBITKAN (lanjutan) 20. SECURITIES ISSUED (continued)
a. Surat utang jangka menengah (lanjutan) a. Medium term notes (continued)
Pembayaran bunga surat utang jangka Interest on medium term notes are paid every
menengah dilakukan setiap 3 bulan dan 3 months and the principal are paid on maturity
pembayaran pokok dilakukan pada saat jatuh date. The Bank has paid the interest based on
tempo. Bank telah melakukan pembayaran the schedule. On 14 June 2020, the Bank fully
bunga sesuai dengan jadwal. Pada tanggal repaid the medium term notes.
14 Juni 2020, Bank melakukan pelunasan atas
surat utang jangka menengah.
Dalam perjanjian perwaliamanatan, diatur The trustee agreements provide several

beberapa pembatasan yang harus dipenuhi, negative covenants, among others, maintain
antara lain untuk mempertahankan tingkat the Bank's health level at least in composite
kesehatan Bank minimal berada dalam rating 3, which is classified as "Fair" according
peringkat komposit 3 yang tergolong "Cukup to internal rating Bank Indonesia or by Financial
Baik" sesuai penilaian internal berdasarkan Service Authority or other financial institutions
ketentuan Bank Indonesia atau penilaian dari authority. The Bank has complied with the
Otoritas Jasa Keuangan atau lembaga otoritas covenants on the trustee agreement.
keuangan lainnya. Bank telah memenuhi
batasan-batasan yang diwajibkan dalam
perjanjian tersebut. 497
Beban bunga atas surat utang jangka The interest expenses of medium term notes for

menengah untuk tahun yang berakhir pada the years ended 31 December 2020 and 2019
tanggal 31 Desember 2020 dan 2019 masing- amounted to Rp 49,266 and Rp 99,628,
masing sebesar Rp 49.266 dan Rp 99.628 respectively (Note 31).
(Catatan 31).
b. Utang obligasi b. Bonds payable
Peringkat/
Rating*) 2020 2019
Nilai nominal: Nominal value:

- Obligasi Berkelanjutan III Continuing Bonds III -
Tahap II AAA(idn) -) 900,000) Phase II
- Obligasi Berkelanjutan IV Continuing Bonds IV -
Tahap I AAA(idn) 1,000,000) 1,000,000) Phase I
1,000,000) 1,900,000)
Dikurangi: Less:
Biaya emisi yang belum Unamortised bonds
diamortisasi (6,955) (10,781) issuance costs
993,045) 1,889,219)
Ditambah: Add:
Beban bunga yang masih
harus dibayar 7,379) 21,254) Accrued interest expenses
1,000,424) 1,910,473)
Utang obligasi sesuai Bonds payable based on

dengan jangka waktunya: time period:
Hingga 1 tahun -) -) Up to 1 year
Lebih dari 1-3 tahun 799,000) -) More than 1-3 years
Lebih dari 3 tahun 201,000) 1,900,000) More than 3 years
1,000,000) 1,900,000)
*) Berdasarkan peringkat dari PT Fitch Ratings Indonesia *) Based on rating by PT Fitch Ratings Indonesia
137
PT BANK BTPN Tbk

20. EFEK-EFEK YANG DITERBITKAN (lanjutan) 20. SECURITIES ISSUED (continued)
b. Utang obligasi (lanjutan) b. Bonds payable (continued)
Informasi lain mengenai utang obligasi pada Other information relating to bonds payable as
tanggal 31 Desember 2020 dan 2019 adalah of 31 December 2020 and 2019 was as follows:
sebagai berikut:
Tingkat bunga
Nilai tetap/ Tanggal Cicilan pokok
nominal/ Fixed penerbitan/ obligasi/
Seri/ Nominal interest Date of Jatuh tempo/ Bonds principal
Series value rate issuance Due date installment
Obligasi Berkelanjutan III Tahap II/Continuing Bonds III Phase II:
Seri/ 900,000 7.50% 18 Oktober/ 17 Oktober/ Pembayaran penuh

Series A October 2017 October 2020 pada saat jatuh
tempo/Bullet payment
on due date
Obligasi Berkelanjutan IV Tahap I/Continuing Bonds IV Phase I:
Seri/ 799,000 7.55% 27 November/ 26 November/ Pembayaran penuh

Series A November November pada saat jatuh
498 2019 2022 tempo/Bullet payment
on due date
Seri/ 201,000 7.75% 27 November/ 26 November/ Pembayaran penuh
Series B November November pada saat jatuh
2019 2024 tempo/Bullet payment

on due date
Pembayaran bunga obligasi dilakukan setiap Bonds interests are paid every 3 months and
3 bulan dan pembayaran pokok dilakukan pada bonds principals are paid on the maturity date.
saat jatuh tempo. Bank telah melakukan Bank has paid the bonds principal and interest
pembayaran pokok dan bunga obligasi sesuai based on the schedule.
dengan jadwal.
Perjanjian perwaliamanatan mengatur The trustee agreements provide several

beberapa pembatasan yang harus dipenuhi negative covenants to the Bank, among others,
oleh Bank, antara lain tidak menerbitkan not issuing another bonds or other similar debt
obligasi lain atau instrumen utang lain yang instrument with higher collecting right
sejenis yang mempunyai hak tagih yang lebih compares to Continuing Bond III Phase II and
tinggi dari Obligasi Berkelanjutan III Tahap II Continuing Bonds IV Phase I and collateralised
dan Obligasi Berkelanjutan IV Tahap I serta with asset, except loans and facilities from
yang dijamin dengan aset, kecuali pinjaman bilateral interbank loan and bilateral facilities
dan fasilitas dari pinjaman bilateral interbank from Bank Indonesia which are secured with
dan fasilitas bilateral dengan Bank Indonesia assets in the amount of 20% from assets which
yang dijamin dengan aset dalam jumlah 20% are calculated from the last audited financial
dari aset yang dihitung dari laporan keuangan statements.
yang terakhir yang telah diaudit.
Bank berkewajiban menjaga jumlah aset yang The Bank should keep the total assets that have
tidak diagunkan secara khusus minimal not been specifically pledged at the minimum
sebesar 125% dari total obligasi yang 125% from total issued bonds including bonds
diterbitkan termasuk pokok obligasi. Bank telah principal. The Bank has complied with the
memenuhi batasan-batasan yang diwajibkan covenants on the trustee agreement.
dalam perjanjian tersebut.
Beban bunga atas utang obligasi untuk tahun The interest expenses of bonds payable for the
yang berakhir pada tanggal 31 Desember 2020 years ended 31 December 2020 and 2019
dan 2019 masing-masing sebesar Rp 133.354 amounted to Rp 133,354 and Rp 88,648,
dan Rp 88.648 (Catatan 31). respectively (Note 31).
138
PT BANK BTPN Tbk
21. PINJAMAN YANG DITERIMA 21. BORROWINGS
Pinjaman yang diterima terdiri dari pinjaman bank Borrowings consists of bank borrowings and non-
dan pinjaman bukan bank yang dilakukan dengan bank borrowings with related parties and third
pihak berelasi dan pihak ketiga. parties.
2020 2019
Pihak ketiga Third parties:

Pinjaman bank: Bank borrowings:
PT Bank Central Asia Tbk 5,500,000) 5,500,000) PT Bank Central Asia Tbk
Lainnya 32) -) Others
5,500,032) 5,500,000)
Pinjaman bukan bank: Non-bank borrowings:

International Finance Corporation 2,733,100) 1,368,500) International Finance Corporation
Fasilitas Likuiditas Pembiayaan Government Housing Financing
Perumahan Pemerintah 276) 295) Liquidity Facility
2,733,376) 1,368,795)
Pihak berelasi Related party:
Pinjaman bank: Bank borrowings:
Corporation 22,852,789) 31,193,978) Corporation 499
31,086,197) 38,062,773)
Dikurangi: Less:

Biaya transaksi yang belum
diamortisasi (21,908) (15,318) Unamortised transaction costs
Ditambah: Add:
dibayar 119,055 141,471) Accrued interest expenses
31,183,344 38,188,926)
a. Pinjaman bank a. Bank borrowings
Angsuran pokok pinjaman berdasarkan tanggal Installments of borrowing principals based on

jatuh temponya: maturity date:
2020 2019
Hingga 1 tahun 4,500,032 -) Up to 1 year

Lebih dari 1 - 2 tahun 1,000,000 5,500,000) More than 1 - 2 years
Lebih dari 2 - 3 tahun 4,215,000 -) More than 2 - 3 years
Lebih dari 3 tahun 18,637,789 31,193,978) More than 3 years
28,352,821 36,693,978)
Dikurangi: Less:
Biaya transaksi yang belum
diamortisasi - (939) Unamortised transaction costs
28,352,821 36,693,039)
Ditambah: Add:
dibayar 52,891 118,650) Accrued interest expenses
28,405,712 36,811,689)
139
PT BANK BTPN Tbk

21. PINJAMAN YANG DITERIMA (lanjutan) 21. BORROWINGS (continued)
a. Pinjaman bank (lanjutan) a. Bank borrowings (continued)
Pinjaman Bilateral PT Bank Central Asia Bilateral Borrowing with PT Bank Central
Tbk Asia Tbk
Pada tanggal 4 Mei 2018, Bank telah On 4 May 2018, the Bank signed non-revolving
menandatangani perjanjian fasilitas kredit non- term loan facility agreement amounting to
revolving term loan sebesar Rp 1.400.000 Rp 1,400,000 with PT Bank Central Asia Tbk as
dengan PT Bank Central Asia Tbk sebagai the creditor. The purpose of the borrowing is for
kreditur. Tujuan pinjaman adalah untuk modal working capital.
kerja Bank.
Pada tanggal 31 Juli 2018, Bank telah On 31 July 2018 the Bank signed first
menandatangani Perubahan Pertama atas amendment of the borrowing agreement that
Perjanjian Kredit yaitu penambahan pokok increase the principal amount of non-revolving
fasilitas non-revolving term loan sebesar term loan facilty by Rp 1,100,000, resulting in
Rp 1.100.000, sehingga jumlah fasilitas total facility of Rp 2,500,000.
menjadi Rp 2.500.000.
500 Berdasarkan perjanjian fasilitas, batas waktu Based on the facility agreement, the availability
penggunaan fasilitas kredit adalah sampai period will be ended on the 6 (sixth) month from
dengan 6 (enam) bulan dari tanggal perjanjian the date of agreement.
kredit.
Fasilitas kredit harus ditarik sepenuhnya dalam The facility should be fully drawndown within
batas waktu penarikan dengan ketentuan the availability period with minimum drawdown
jumlah minimum penarikan adalah Rp 500.000 amount is Rp 500,000 or any remaining
atau sebesar jumlah fasilitas kredit yang belum undrawn amount.
ditarik.
Pinjaman harus dibayar kembali dalam jangka The borrowing should be repaid within 2 (two)
waktu 2 (dua) tahun sejak tanggal perjanjian years after the date of borrowings agreement.
pinjaman. Periode bunga adalah setiap 3 (tiga) Interest period is 3 (three) or 6 (six) months
atau 6 (enam) bulan berdasarkan suku bunga based on JIBOR interest rate and the payment
JIBOR, dengan pembayaran bunga dilakukan of interest execute every due date.
setiap tanggal jatuh tempo.
Penarikan pertama dilakukan pada tanggal The first drawdown was on 23 May 2018,
23 Mei 2018 sebesar Rp 700.000 dengan suku amounting to Rp 700,000 with interest rate
bunga 7,78% (6 bulan JIBOR + 1,35%), jatuh 7.78% (JIBOR 6 months + 1.35%), due date on
tempo tanggal 4 Mei 2020. Suku bunga 4 May 2020. Interest rate will be repriced on
disesuaikan setiap 6 (enam) bulan. semi-annual basis. Interest will be paid every
Pembayaran bunga dilakukan setiap 6 (six) months, which is on 23 November and
6 (enam) bulan, yaitu pada tanggal 23 May, started on 23 November 2018 and will
23 November dan 23 Mei, yang dimulai pada be ended on 4 May 2020. On
tanggal 23 November 2018 dan berakhir pada 23 November 2018 the interest rate was
tanggal 4 Mei 2020. Pada tanggal repriced to 9.165%.
23 November 2018, suku bunga telah
disesuaikan menjadi 9,165%.
Penarikan kedua dilakukan pada tanggal The second drawdown was on 5 June 2018,
5 Juni 2018 sebesar Rp 700.000 dengan suku amounting to Rp 700,000 with interest rate
bunga 7,815% (6 bulan JIBOR + 1,35%), jatuh 7.815% (JIBOR 6 months + 1.35%), due date
tempo pada tanggal 4 Mei 2020. Suku bunga on 4 May 2020. Interest rate will be repriced on
disesuaikan setiap 6 (enam) bulan. semi-annual basis. Interest will be paid every
Pembayaran bunga dilakukan setiap 6 (six) months, which is on 5 December and
6 (enam) bulan, yaitu pada tanggal 5 June, started on 5 December 2018 and will
5 Desember dan 5 Juni, yang dimulai pada be ended on 4 May 2020. On
tanggal 5 Desember 2018 dan berakhir pada 5 December 2018, the interest rate was
tanggal 4 Mei 2020. Pada tanggal repriced to 9.165%.
5 Desember 2018, suku bunga telah
disesuaikan menjadi 9,165%.
140
PT BANK BTPN Tbk
Pinjaman Bilateral PT Bank Central Asia Bilateral Borrowing with PT Bank Central
Tbk (lanjutan) Asia Tbk (continued)
Penarikan ketiga dilakukan pada tanggal The third drawdown was on 12 September 2018,
12 September 2018 sebesar Rp 1.100.000 amounting to Rp 1,100,000 with interest rate
dengan suku bunga 8,69% (6 bulan JIBOR + 8.69% (JIBOR 6 months + 1.35%), due date on
1,35%), jatuh tempo pada tanggal 4 Mei 2020. 4 May 2020. Interest rate will be repriced on
Suku bunga disesuaikan setiap 6 (enam) semi-annual basis. Interest will be paid every
bulan. Pembayaran bunga dilakukan setiap 6 (six) months, which is on 12 March and
6 (enam) bulan, yaitu pada tanggal 12 Maret 12 September, started on 12 March 2019 and will
dan 12 September yang dimulai pada tanggal be ended on 4 May 2020.
12 Maret 2019 dan berakhir pada tanggal
4 Mei 2020.
Sebelum penggabungan, SMBCI memiliki Before the merger, SMBCI had 5 Bilateral
5 fasilitas Pinjaman Bilateral dari PT Bank Borrowing facilities from PT Bank Central Asia
Central Asia Tbk yang ditandatangani pada which were signed during 2009 to 2017. As of
rentang waktu tahun 2009 hingga 2017. Pada 31 December 2019, there were
tanggal 31 Desember 2019, terdapat 4 (four) outstanding facillities, with total facilities
4 (empat) fasilitas yang masih berlaku, dengan amounting to Rp 3,500,000 with details as 501
total fasilitas adalah sebesar Rp 3.500.000 follows:
dengan detil sebagai berikut:

a) Perjanjian pinjaman revolving Term Loan a) The facility Agreement of revolving Term
I sebesar Rp 500.000 yang Loan I amounting to Rp 500,000 was signed
ditandatangani pada tanggal 15 Mei 2009 on 15 May 2009 and had been extended
dan telah diperpanjang beberapa kali several times with the latest extention
dengan perpanjangan terakhir kali signed on 12 November 2020.
ditandatangani pada tanggal
12 November 2020.
Berdasarkan perjanjian fasilitas, batas Based on the facility agreement, the

waktu penggunaan fasilitas kredit adalah availability period will be ended within
sampai dengan 18 (delapan belas) bulan 18 (eighteen) months from the date of
dari tanggal perjanjian kredit. agreement.
Fasilitas harus ditarik dalam 18 (delapan The facility should be fully drawndown
belas) bulan sejak tanggal perjanjian within 18 (eighteen) months from the date
kredit. Periode bunga adalah setiap 3 of agreement. The interest period is 3
(tiga) bulan berdasarkan suku bunga (three) months based on JIBOR interest
JIBOR, dengan pembayaran bunga rate and the interest will be paid every due
dilakukan setiap tanggal jatuh tempo. date. The interest rate for this facility is
Suku bunga terhadap pinjaman ini adalah JIBOR + 0.60% during 2009 up to
JIBOR + 0,60% untuk rentang waktu 2009 November 2020.
sampai dengan November 2020.
Pada November 2020, periode bunga As of November 2020, the interest period is
adalah minimal 1 (satu) bulan minimum 1 (one) month based on
berdasarkan jumlah penarikan dengan drawdown amount. The interest rate for this
suku bunga tetap, dengan pembayaran borrowing is 4,975%.
bunga dilakukan setiap tanggal jatuh
tempo. Suku bunga terhadap pinjaman ini
adalah 4,975%
b) Perjanjian pinjaman Revolving Term b) The facility agreement of Revolving Term l

Loan III sebesar Rp 1.000.000 yang Loan III amounting to Rp 1,000,000 was
ditandatangani pada tanggal 1 April 2015 signed on 1 April 2015 and had been
dan telah diperpanjang beberapa kali extended several times with the latest
dengan perpanjangan terakhir kali extention signed on 30 September 2020.
30 September 2020.
141
PT BANK BTPN Tbk


Pinjaman Bilateral PT Bank Central Asia Tbk Bilateral Borrowing with PT Bank Central
(lanjutan) Asia Tbk (continued)

waktu penggunaan fasilitas kredit adalah availability period will be ended within
sampai dengan 1 (satu) bulan dari tanggal 1 (one) month of the date of agreement.
perjanjian kredit.
Jangka waktu pinjaman adalah 18 The facility should be fully drawndown

(delapan belas) bulan sejak tanggal within 18 (eighteen) months from the
Perjanjian Kredit. Periode bunga adalah date of agreement. The interest period is
setiap 3 (tiga) bulan berdasarkan suku 3 (three) months based on JIBOR
bunga JIBOR, dengan pembayaran bunga interest rate and the interest will be paid
dilakukan setiap tanggal jatuh tempo. Suku of every due date. The interest rate for
bunga terhadap pinjaman ini adalah JIBOR this facility is JIBOR + 0.60%. During
+ 0,60%. Untuk rentang waktu 2015 2015 up to September 2020. As of
sampai dengan September 2020. Pada 30 September 2020, the interest rate for
September 2020, suku bunga terhadap this facility is 4.975%.
pinjaman ini adalah 4,975%.
502 c) Perjanjian pinjaman Non-revolving Term c) The facility agreement of Non-revolving
Loan IV sebesar Rp 1.000.000 Term Loan IV amounting Rp 1,000,000
ditandatangani pada tanggal was signed on 10 June 2015 and had
10 Juni 2015 dan telah diperpanjang
been extended several times with the

beberapa kali dengan perpanjangan latest extention signed on 10 June 2019.
terakhir kali ditandatangani pada tanggal
10 Juni 2019.
waktu penggunaan fasilitas kredit adalah availability period will be ended in 2 (two)
sampai dengan 2 (dua) bulan dari tanggal months from the date of agreement.
perjanjian kredit.
Fasilitas harus ditarik dalam 12 (dua belas) The facility should be fully drawndown
bulan sejak tanggal perjanjian kredit. within 12 (twelve) months from the date
Periode bunga adalah setiap of agreement. The interest period is
3 (tiga) bulan, dengan pembayaran bunga 3 (three) months, which will be paid
dilakukan setiap tanggal jatuh tempo. Suku every due date. The interest rate for this
bunga terhadap pinjaman ini adalah facility is 4.75%.
4,75%.
d) Perjanjian pinjaman non-revolving Term d) The facility Agreement of non-revolving
Loan V sebesar Rp 1.000.000 Term Loan V amounting Rp 1,000,000
ditandatangani pada tanggal signed on 16 August 2017 has amended
16 Agustus 2017 dan telah diperpanjang with the latest amendment signed on
dengan perpanjangan terakhir kali 15 August 2019.
15 Agustus 2019.
Berdasarkan perjanjian batas waktu Based on the facility agreement, the

penggunaan fasilitas kredit adalah sampai availability period will be ended within 2
dengan 2 (dua) bulan dari tanggal (two) months from the date of
penandatanganan perjanjian kredit agreement.
142
PT BANK BTPN Tbk

Pinjaman Bilateral PT Bank Central Asia Tbk Bilateral Borrowing with PT Bank Central
(lanjutan) Asia Tbk (continued)
Jangka waktu pinjaman adalah 18 (delapan The facility should be fully drawndown
belas) bulan sejak tanggal Perjanjian within 18 (eighteen) months from the
Kredit. Periode bunga adalah setiap 3 (tiga) date of agreement. The interest period is
bulan berdasarkan suku bunga JIBOR, 3 (three) months based on JIBOR
dengan pembayaran bunga dilakukan interest rate and the interest will be paid
setiap tanggal jatu tempo. Suku bunga every due date. The interest rate for this
terhadap pinjaman ini adalah facility is JIBOR + 0,60%.
JIBOR + 0,60%.
Setelah penggabungan, fasilitas tersebut After the merger, the above facilities are
digabung menjadi 1 (satu) fasilitas combined into 1 (one) Bilateral
Pinjaman Bilateral dari PT Bank Central Borrowing facility from PT Bank Central
Asia Tbk yang ditandatangani pada Asia which was signed on 4 May 2020.
tanggal 4 Mei 2020. Perjanjian pinjaman The facility of Revolving Term Loan
Revolving Term ini sebesar Rp 2,500,000 amounting Rp 2,500,000 which the
yang merupakan perpanjangan dan renewal and amendment from
perubahan dari perjanjian pinjaman 31 Juli agreement dated 31 July 2018. 503
2018.
Setelah penggabungan, fasilitas tersebut After the merger, the above facilities are

digabung menjadi 1 (satu) fasilitas Pinjaman combined into 1 (one) Bilateral Borrowing
Bilateral dari PT Bank Central Asia Tbk yang facility from PT Bank Central Asia which was
ditandatangani pada tanggal 4 Mei 2020. signed on 4 May 2020.
Berdasarkan perjanjian fasilitas, batas waktu Based on the facility agreement, the
penggunaan fasilitas kredit adalah sampai availability period will be ended within
dengan 6 (enam) bulan dari tanggal perjanjian 6 (six) months from the date of agreement.
kredit.
Fasilitas harus ditarik dalam 18 (delapan belas) The facility should be fully drawndown within
bulan sejak tanggal perjanjian kredit. Periode 18 (eighteen) months from the date of
bunga adalah setiap 3 (tiga) bulan, dengan agreement. The interest period is
pembayaran bunga dilakukan setiap tanggal 3 (three) months and the interest will be paid
jatuh tempo. Suku bunga terhadap pinjaman ini every due date. The interest rate for this
adalah suku bunga tetap 6,15%. facility is fixed rate 6.15%.
Pada tanggal 31 Desember 2020 dan As of December 2020 and
31 Desember 2019 total fasilitas PT Bank 31 December 2019, total unused facility from
Central Asia Tbk yang belum digunakan adalah PT Bank Central Asia Tbk amounted to
sebesar Rp 500.000. Rp 500.000.
143
PT BANK BTPN Tbk


Pinjaman Bilateral PT Bank OCBC NISP Bilateral Borrowing with PT Bank OCBC
NISP
Sebelum penggabungan usaha, SMBCI Before the merger, SMBCI had Bilateral
memiliki fasilitas Pinjaman Bilateral dari Borrowing facility from PT Bank OCBC NISP
PT Bank OCBC NISP yang ditandatangani di whih was signed on 15 January 2019
tanggal 15 Januari 2019 sebesar Rp 500.000. amounting Rp 500,000.
Fasilitas ini bersifat stand by dan belum ditarik The facility was on a standy by basis and has
pada tanggal 31 December 2019. Pinjaman ini not been utilized as of 31 December 2019. The
telah kadaluwarsa pada tanggal 15 Januari borrowing has expired on 15 January 2020.
2020.
Pinjaman Bilateral Sumitomo Mitsui Banking Bilateral Borrowing with Sumitomo Mitsui
Corporation - Cabang Singapura Banking Corporation - Singapore Branch
Pinjaman ini merupakan pinjaman jangka This borrowing represents long-term
panjang dari Sumitomo Mitsui Banking borrowings from Sumitomo Mitsui Banking
Corporation - Cabang Singapura sejumlah Corporation - Singapore Branch amounting to
USD 1.602.000.000 dan EUR 20.000.000 (nilai USD 1,602,000,000 and EUR 20,000,000 (full
504 penuh). Pinjaman ini akan jatuh tempo berkisar amount). This borrowing will mature ranging
antara tanggal 21 Januari 2022 sampai from 21 January 2022 until 23 December 2022.
23 Desember 2022.
Pada tanggal 31 Desember 2020, total fasilitas As of 31 December 2020, total amount of long-
pinjaman jangka panjang dari Sumitomo Mitsui term borrowing facilities from Sumitomo Mitsui
Banking Corporation - Cabang Singapura Banking Corporation - Singapore Branch was
berjumlah USD 3.625.000.000 (nilai penuh). USD 3,625,000,000 (full amount).
(31 Desember 2019: USD 2.825.000.000, nilai (31 December 2019: USD 2,825,000,000, full
penuh) amount)
Tingkat suku bunga kontraktual setahun atas Contractual interest rate per annum on long-
pinjaman jangka panjang ini adalah cost of fund term borrowings is cost of fund plus certain
ditambah margin tertentu. Untuk posisi pada margin. For position as of 31 December 2020,
tanggal 31 Desember 2020, marjin yang the applied margin was 0.50%.
diterapkan adalah 0,50%. (31 Desember 2019: (31 December 2019: 0.50%)
0,50%)
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, there was
tidak terdapat pembatasan-pembatasan no certain covenant which was required to be
tertentu yang disyaratkan dalam pinjaman maintainted in terms of long-term borrowings.
jangka panjang ini.
b. Pinjaman bukan bank b. Non-bank borrowings

Angsuran pokok pinjaman berdasarkan jangka Installments of borrowing principals based on
waktu: time period:
2020 2019
Lebih dari 3 tahun 2,733,376) 1,368,795) More than 3 years
Dikurangi: Less:
Biaya transaksi yang belum Unamortised transaction
diamortisasi (21,908) (14,380) costs
Ditambah: Add:
dibayar 66,164) 22,821) Accrued interest expenses
2,777,632) 1,377,236)
Pembayaran bunga pinjaman telah dibayarkan Payments of interest on borrowings had been
oleh Bank sesuai dengan jadwal. paid by the Bank in accordance with the
schedule.
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PT BANK BTPN Tbk
b. Pinjaman bukan bank (lanjutan) b. Non-Bank borrowings (continued)

Pinjaman bukan bank adalah fasilitas pinjaman Non-bank borrowings are borrowing facilities
dengan International Finance Corporation (IFC) from International Finance Corporation (IFC)
dan Pemerintah, bukan pihak berelasi yang and Government, non-related party, consist of
terdiri dari beberapa perjanjian sebagai berikut: some agreements as follows:
(i) Perjanjian Pinjaman 2012 (i) Borrowing Agreement 2012
Pada tanggal 8 Juni 2017 telah dilakukan Amendment Agreement was signed on
penandatanganan atas amandemen 8 June 2017, amounting to
perjanjian sebesar USD 100.000.000 (nilai USD 100,000,000 (full amount) which can
penuh) yang dapat dicairkan dalam Dollar be drawndown in United States Dollar or
Amerika Serikat atau Rupiah. Rupiah.
Bank dapat melakukan penarikan kembali The Bank could re-drawdown this loan
atas fasilitas pinjaman ini (revolving loan) facility (revolving loan) amounting to
atas jumlah yang telah telah dibayar portion that already repaid prior to or on
kembali atau dilunasi sebelum atau pada 8 June 2020.
tanggal 8 Juni 2020.
Tujuan pinjaman tersebut adalah untuk The purpose of this borrowing was to
mendanai pembiayaan kredit mikro dan 505
UKM. and SME loan portfolio.
Pada tanggal 5 Desember 2017, Bank On 5 December 2017, loan was
melakukan penarikan sebesar Rp 676.250, drawndown at amount of Rp 676,250,

ekuivalen USD 50.000.000 (nilai penuh) equivalent to USD 50,000,000 (full
dengan suku bunga 7,59% dan jatuh amount) with interest rate 7.59% and
tempo pada tanggal 5 Juni 2019. maturity date on 5 June 2019. Interest
Pembayaran bunga dilakukan setiap 6 payment will be paid every 6 (six) months,
(enam) bulan, yaitu tanggal 15 Januari dan which is on 15 January and 15 July,
15 Juli yang dimulai pada tanggal started on 15 January 2018 and will be
15 Januari 2018 dan akan berakhir pada ended on 5 June 2019. On 10 June 2019
tanggal 5 Juni 2019. Pada tanggal 10 Juni (the next business day), the Bank has fully
2019 (hari kerja berikutnya), Bank telah paid the principal and interest.
melakukan pembayaran penuh pokok dan
bunga.
Pada tanggal 2 Februari 2018, Bank On 2 February 2018, loan was
melakukan penarikan kembali sebesar drawndown at amount of Rp 669,250,
Rp 669.250, ekuivalen USD 50.000.000 equivalent to USD 50,000,000 (full
(nilai penuh) dengan suku bunga 7,50% amount) with interest rate 7.50% and
dan jatuh tempo pada tanggal 2 Februari maturity date on 2 February 2021. Interest
2021. Pembayaran bunga dilakukan setiap wil be paid every 6 (six) months, which is
6 (enam) bulan, yaitu tanggal 15 Januari on 15 January and 15 July, started on
dan 15 Juli yang dimulai pada tanggal 16 July 2018 and will be ended on
16 Juli 2018 dan akan berakhir pada 2 February 2021.
tanggal 2 Februari 2021.
Pada tanggal 31 Desember 2019, Bank As of 31 December 2019, the Bank has
telah menggunakan seluruh fasilitas utilized all borrowing facility.
pinjaman yang ada.
Dalam perjanjian pinjaman tersebut, diatur The borrowing agreements provide
beberapa pembatasan yang harus several covenants required from the
dipenuhi oleh Bank antara lain: Bank, such as:
- tidak diperkenankan melakukan - no substantial change is made to the
perubahan bisnis secara substansial general nature of its business without
tanpa persetujuan tertulis dari pemberi prior written consent of the lender;
pinjaman;
- tidak melakukan penggabungan - not undertake or permit any merger,
usaha, demerger, restrukturisasi demerger, corporate restructuring,
Bank, yang dapat memberikan which has or could reasonably be
dampak merugikan yang signifikan; expected to have material adverse
effect;
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PT BANK BTPN Tbk

b. Pinjaman bukan bank (lanjutan) b. Non-bank borrowings (continued)
(i) Perjanjian Pinjaman 2012 (lanjutan) (i) Borrowing Agreement 2012 (continued)
Dalam perjanjian pinjaman tersebut, diatur The borrowing agreements provide

beberapa pembatasan yang harus several covenants required from the
dipenuhi oleh Bank antara lain: (lanjutan) Bank, such as: (continued)
- tidak menerbitkan saham tambahan - not issue any additional shares and
dan tidak akan melakukan transfer shall not have its existing shares
saham, penjualan, perjanjian yang transferred, sold, pledged or otherwise
akan mengubah SMBC menjadi encumbered such that action would
pemegang saham non-pengendali make the SMBC to become non-
sesuai dengan ketentuan Peraturan controlling shareholder under the
Perbankan atau Keuangan di
Indonesia; Regulations;
- selain itu, Bank diwajibkan untuk - moreover, Bank is obliged to comply

memenuhi persyaratan keuangan with reporting obligations and certain
506 tertentu dan liabilitas penyampaian financial covenants such as: Bank
laporan lainnya seperti: Bank harus shall at all times maintain an open
selalu memantau rasio eksposur kredit credit exposures ratio of no more than
tidak lebih dari 25%, rasio kecukupan 25%, capital adequacy ratio of no less
modal tidak kurang dari 8% dan rasio than 8% and liquidity asset ratio of no
likuiditas aset tidak kurang dari 20%. less than 20%.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, the
2019, Bank telah memenuhi seluruh rasio Bank had fulfilled all the required ratios.
yang dipersyaratkan.
(ii) Perjanjian Pinjaman 2019 (ii) Borrowing Agreement 2019
Tujuan pinjaman tersebut adalah untuk The purpose of borrowing was to finance
mendanai pembiayaan kredit mikro, usaha the Women-Owned Micro, Small Medium
kecil menengah yang dimiliki perempuan, Enterprise (MSME) loans, Green loans and
green loans, pinjaman SCF. Bank akan SCF loans. The Bank will use its best
melakukan upaya terbaiknya untuk efforts to ensure that the aggregated
memastikan bahwa jumlah agregat dari amount of the disbursements made to each
pencairan yang diberikan untuk setiap loans was at least equal to 25% of the
pinjaman setidaknya sama dengan 25% maximum loan amount.
dari jumlah maksimum pinjaman.
Pada tanggal 30 Desember 2019, Bank On 30 December 2019, loan was
melakukan penarikan sebesar Rp 699.250, drawndown amounting to Rp 699,250,
ekuivalen USD 50.000.000 (nilai penuh) equivalent to USD 50,000,000 (full
dengan suku bunga 7,75% dan jatuh amount) with interest rate 7.75% and
tempo pada 3 Desember 2024. maturity date on 3 December 2024.
Pembayaran bunga dilakukan setiap Interest payment will be paid every 6 (six)
6 (enam) bulan, yang dimulai pada tanggal months, which is started on 30 June 2020
30 Juni 2020 dan akan berakhir pada and will be ended on 30 December 2024.
tanggal 30 Desember 2024.
Pada tanggal 28 Januari 2020, Bank On 28 January 2020, loan was drawdown
melakukan penarikan sebesar Rp amounting to Rp 1,364,600, equivalent to
1.364.600, ekuivalen USD 100.000.000 USD 100,000,000 (full amount) with
(nilai penuh) dengan suku bunga 7,30% interest rate 7.30% and maturity date on 28
dan jatuh tempo pada 28 Januari 2025. January 2025. Interest payment will be
Pembayaran bunga dilakukan setiap 6 paid every 6 (six) months, which is started
(enam) bulan, yang dimulai pada tanggal on 28 July and will be ended on 28 January
28 Juli 2020 dan akan berakhir pada 2025.
tanggal 28 Januari 2025.
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PT BANK BTPN Tbk
(ii) Perjanjian Pinjaman 2019 (lanjutan) (ii) Borrowing Agreement 2019 (continued)
Pada tanggal 31 Desember 2019, total As of 31 December 2019, the unused facility
fasilitas yang belum dipergunakan sebesar was amounting to USD 100,000,000 (full
USD 100.000.000 (nilai penuh). amount).
Dalam perjanjian pinjaman tersebut, diatur The borrowing agreements provide several
beberapa pembatasan yang harus covenants required from the Bank, such as:
dipenuhi oleh Bank antara lain:
- tidak diperkenankan melakukan - no substantial change is made to the

perubahan bisnis secara substansial general nature of its business without
tanpa persetujuan tertulis dari pemberi prior written consent of the lender;
pinjaman;
- tidak melakukan penggabungan - not undertake or permit any merger,

usaha, demerger, restrukturisasi demerger, corporate restructuring,
korporasi, yang dapat memberikan which has or could reasonably be
dampak merugikan yang signifikan; expected to have material adverse 507
effect;

- tidak menerbitkan saham tambahan - not issue any additional shares and
dan tidak akan melakukan transfer shall not have its existing shares
saham, penjualan, perjanjian yang transferred, sold, pledged or otherwise
akan mengubah SMBC menjadi encumbered such that action would
pemegang saham non-pengendali make the SMBC to become non-
sesuai dengan ketentuan Peraturan controlling shareholder under the
Perbankan atau Keuangan di Financial
Indonesia; Regulations;
- selain itu, Bank diwajibkan untuk - moreover, the Bank is obliged to

memenuhi persyaratan keuangan comply with reporting obligations and
tertentu dan liabilitas penyampaian certain financial covenants such as:
laporan lainnya seperti: Bank harus Bank shall at all times maintain an open
selalu memantau rasio eksposur credit exposures ratio of no more than
kredit tidak lebih dari 25%, rasio 25%, capital adequacy ratio of no less
kecukupan modal tidak kurang dari than 8% and liquidity asset ratio of no
8% dan rasio likuiditas aset tidak less than 20%.
kurang dari 20%.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, the
2019, Bank telah memenuhi seluruh rasio Bank had fulfilled all the required ratios.
yang dipersyaratkan.
Fasilitas Likuiditas Pembiayaan Perumahan Fasilitas Likuiditas Pembiayaan Perumahan

(FLPP) Pemerintah (FLPP) Pemerintah
Pada tanggal 18 Desember 2017, Bank telah On 18 December 2017, the Bank signed an
menandatangani Perjanjian Kerjasama Operational Agreement with Pusat Pengelolaan
Operasional dengan Pusat Pengelolaan Dana Dana Pembiayaan Perumahan (PPDPP) under
Pembiayaan Perumahan (PPDPP) di bawah the Public Works and Public Housing Ministry
Kementerian Pekerjaan Umum dan Perumahan regarding Dana Fasilitas Likuiditas Pembiayaan
Rakyat terkait dengan Dana Fasilitas Likuiditas Perumahan (FLPP). The agreement was valid
Pembiayaan Perumahan (FLPP). Perjanjian from the date of the agreement until
tersebut berlaku sejak tanggal perjanjian sampai 31 December 2018.
dengan tanggal 31 Desember 2018.
Pinjaman tersebut digunakan untuk penyaluran The borrowing is used to distribute Prosperous
Pembiayaan Rumah Sejahtera Bagi Masyarakat Home Financing for Low-Income Communities
Berpenghasilan Rendah (Program Kredit (Government Subsidized Housing Ownership
Pemilikan Rumah Bersubsidi Pemerintah). Bank Credit Program). Bank acted as an executing
bertindak sebagai Bank Pelaksana Kredit bank of Prosperous Home Ownership Loans.
Pemilikan Rumah Sejahtera.
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PT BANK BTPN Tbk

Fasilitas Likuiditas Pembiayaan Perumahan Fasilitas Likuiditas Pembiayaan Perumahan

(FLPP) Pemerintah (lanjutan) (FLPP) Pemerintah (continued)
Besarnya dana yang disalurkan oleh PPDPP The amount that was distributed by PPDPP is
adalah 90% dari nilai pinjaman untuk periode 90% from loan value for the loan that was
pencairan sebelum Agustus 2018. Sedangkan disbursed before August 2018. However for
untuk pencairan yang dilakukan setelah periode loan that was disbursed after that period, the
tersebut, dana yang disalurkan oleh PPDPP amount that is distributed by PPDPP is 75%
adalah 75% dari nilai pinjaman. from loan amount.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the Bank
Bank telah menyalurkan dana FLPP kepada has disbursed FLPP fund for 3 (three) debtors
3 (tiga) debitur dengan jangka waktu pinjaman with tenor of 120-180 months and principal
120-180 bulan dengan nilai pokok Rp 300. Bank amount of Rp 300. The Bank was obliged to pay
memiliki kewajiban untuk membayar bunga at 0.5% per annum.
kepada PPDPP sebesar 0,5% per tahun.
22. AKRUAL 22. ACCRUALS

508 31 Desember/December
2020 2019
Akrual beban operasional 266,696 347,631 Accrued operational expenses

Akrual jasa profesional 45,186 48,191 Accrued professional fees
Akrual beban promosi 35,564 55,564 Accrued promotion expenses
347,446 451,386
23. LIABILITAS IMBALAN KERJA KARYAWAN 23. EMPLOYEE BENEFITS LIABILITIES
Liabilitas imbalan kerja karyawan terdiri dari: Employee benefits liabilities consist of:
2020 2019
Imbalan kerja jangka pendek Short-term employee benefits

Akrual bonus karyawan, THR, tantiem, Accrual of employee bonus,
dan liabilitas jangka pendek THR, tantiem, and short-term
pembayaran Program ESOP 2016- liabilities related with ESOP 2016-2021
2021 Program settlement
- Bank 271,523 360,987 Bank -
- Entitas Anak 105,368 199,633 Subsidiary -
376,891 560,620
Imbalan pascakerja dan imbalan kerja Post-employment benefits and other

jangka panjang lainnya long-term employee benefits
- Bank 123,338 26,436 Bank -
- Entitas Anak 36,704 11,022 Subsidiary -
160,042 37,458
536,933 598,078
Bank dan Entitas Anak menerapkan kebijakan The Bank and Subsidiary implement post-
program manfaat imbalan pascakerja sesuai employment benefits policy based on Labor Law
dengan Undang-Undang Tenaga Kerja ( UUTK ) ( UUTK ) No. 13 Year 2003 and Collective Labor
No. 13 Tahun 2003 dan Perjanjian Kerjasama yang Agreement applied in Bank. The calculation basis of
berlaku di Bank. Dasar perhitungan manfaat UUTK this UUTK No. 13 benefit is the current basic salary.
No. 13 ini menggunakan gaji pokok terkini. Program
pensiun manfaat pasti ini dikelola oleh PT Asuransi managed by PT Asuransi Allianz Life Indonesia.
Allianz Life Indonesia.
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PT BANK BTPN Tbk
23. LIABILITAS IMBALAN KERJA KARYAWAN 23. EMPLOYEE BENEFITS LIABILITIES (continued)
(lanjutan)
Program tersebut memberikan manfaat pensiun The program calls for benefits to be paid to eligible
yang akan dibayarkan kepada karyawan yang employees at retirement or when the employees
berhak pada saat karyawan pensiun atau pada saat resign according to the UUTK. The funding of the
karyawan tersebut berhenti sesuai dengan pension plan is conducted by the Bank and
peraturan UUTK. Pendanaan program pensiun ini Subsidiary through payments of annual
dilakukan oleh Bank dan Entitas Anak dengan contributions which are sufficient to meet the
membayar iuran tahunan yang setidaknya minimum requirements set forth in applicable laws.
memenuhi jumlah minimum seperti yang diharuskan
oleh peraturan perundang-undangan yang berlaku.
Pada tanggal 31 Desember 2020, jumlah karyawan As of 31 December 2020, the total number of the
Bank yang memiliki hak atas manfaat ini adalah employees eligible for this benefit are 6,806
6.806 karyawan (31 Desember 2019: 6.750 employees (31 December 2019: 6,750 employees)
karyawan) (tidak diaudit). (unaudited).
Pada tanggal 31 Desember 2020, jumlah karyawan As of 31 December 2020, the total number of the
Entitas Anak yang memiliki hak atas imbalan ini employees eligible for this benefit was
adalah sebanyak 4.954 karyawan (31 Desember 4,954 employees (31 December 2019: 5,111
2019: 5.111 karyawan) (tidak diaudit). employees) (unaudited).
Pada tahun 2019, Bank dan Entitas Anak berinisiatif In 2019, the Bank and Subsidiary initiatively 509
memberikan program cash retention kepada provided a cash retention program to employees
karyawan yang memiliki hak opsi saham dari who owned -

-
hak opsi saham tersebut sepakat untuk agree to first surrender their share option rights to
menyerahkan terlebih dahulu hak opsi saham the Bank and the Subsidiary. As a result, the reserve
mereka kepada Bank dan Entitas Anak. Oleh karena for ESOP 2016-2021 Program as of 31 December
itu, cadangan atas Program ESOP 2016-2021 pada 2019 has been recorded as liabilities in accordance
tanggal 31 Desember 2019 telah dicatat sebagai with the accounting policy for short-term employee
liabilitas sesuai dengan kebijakan akuntansi imbalan benefits (Note 2x). As of 31 December 2020, ESOP
kerja jangka pendek (Catatan 2x). Pada tanggal 2016-2021 Program has been paid, hence short-
31 Desember 2020, Program ESOP 2016-2021 term employee benefits was recorded as nil.
telah selesai dibayarkan sehingga liabilitas imbalan
kerja jangka pendek dicatat sebesar nihil.
Selain memberikan manfaat yang disebutkan In addition to the benefits mentioned above, the
di atas, Bank juga memberikan manfaat cuti panjang Bank also provides its employees with long leave
kepada karyawannya. benefits.
Imbalan pascakerja Post-employment benefits

Bank Bank
Perhitungan aktuaria atas liabilitas imbalan kerja
karyawan Bank pada tanggal 31 Desember 2020 benefit liabilities as of 31 December 2020 and 2019
dan 2019 dilakukan oleh PT Sentra Jasa Aktuaria, was performed by PT Sentra Jasa Aktuaria, an
aktuaris independen, dengan menggunakan metode independent actuary,
Projected Unit Credit berdasarkan laporannya based on its reports dated
masing-masing tertanggal 3 Februari 2021 dan 3 February 2021 and 28 February 2020,
28 Februari 2020. respectively.
Perhitungan aktuaria tersebut menggunakan The actuarial valuations were carried out using the
asumsi-asumsi sebagai berikut: following assumptions:
2020 2019
Asumsi ekonomi: Economic assumptions:

Tingkat diskonto per tahun 3.64% - 7.83% 5.42% - 8.15% Interest discount rate per annum
Tingkat kenaikan gaji per tahun 7% 7% Salary increment rate per annum
Asumsi lainnya: Other assumptions:

Usia pensiun normal 55 55 Normal pension age
Tabel mortalitas/ Tabel mortalitas/
Mortality table Mortality table
Indonesia 2019 Indonesia 2011
Tingkat kematian (TMI 2019) (TMI 11) Mortality rate
Tingkat cacat 10% TMI 2019 10% TMI 11 Disability rate
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PT BANK BTPN Tbk

(lanjutan)
Imbalan pascakerja (lanjutan) Post-employment benefits (continued)
Status pendanaan atas program pensiun pada The funding status of the pension plan as of
tanggal 31 Desember 2020 dan 2019 berdasarkan 31 December 2020 and 2019 based on the actuarial
laporan aktuaria adalah sebagai berikut: reports was as follows:
2020 2019
Nilai kini liabilitas imbalan Present value of defined benefits
manfaat pasti 640,803) 540,349) liabilities
Nilai wajar aset program (545,350) (595,828) Fair value of plan assets
Kekurangan (kelebihan) pendanaan 95,453) (55,479) Funding deficit (surplus)
Perubahan liabilitas imbalan manfaat pasti selama The movement in the defined benefits liabilities
tahun berjalan adalah sebagai berikut: during the year was as follows:
2020 2019
510 Perubahan nilai kini liabilitas imbalan
manfaat pasti:
Movement in present value of defined
benefits liabilities:
Nilai kini kewajiban imbalan manfaat Present value of defined benefits
pasti, awal tahun 540,349) 477,067) liabilities, beginning of the year
Termasuk dalam laba rugi Included in profit or loss

Beban jasa kini 80,989) 72,761) Current service cost
Beban bunga 37,806) 38,547) Interest expense
Termasuk dalam penghasilan Included in other comprehensive

komprehensif lain income
Kerugian/keuntungan aktuaria
yang timbul dari: Actuarial losses/gains arising from:
- Asumsi demografi 1,537) -) Demography assumption -
- Asumsi keuangan 36,067) 15,997) Financial assumption -
- Penyesuaian pengalaman 18,604) 9,886) Experience adjustment -
Lain-lain Others
Imbalan yang dibayarkan oleh aset Benefits paid by the plan assets
program selama tahun berjalan (74,549) (73,909) during the year
Nilai kini liabilitas imbalan manfaat Present value of net defined
pasti, akhir tahun 640,803) 540,349) benefits liabilities, end of year
Perubahan nilai wajar aset program selama tahun The movement of fair value of plan assets during
berjalan adalah sebagai berikut: the year was as follows:
2020 2019
Movement in the fair value of

Perubahan nilai wajar aset program: plan assets:
Nilai wajar aset program, Fair value of plan assets,
awal tahun 595,828) 635,475 beginning of year

Pendapatan bunga atas aset
program 43,544) 51,347 Interest income on plan assets

Imbal hasil atas aset program di Return on plan assets
luar pendapatan bunga (19,473) (17,085) excluding interest income
Lain-lain Others
Kontribusi yang dibayarkan
kepada program -) -) Contributions paid into the plan
Imbalan yang dibayarkan oleh
program (74,549) (73,909) Benefits paid by the plan
Nilai wajar aset program, Fair value of plan assets,
akhir tahun 545,350) 595,828) end of year
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PT BANK BTPN Tbk
(lanjutan)

Seluruh aset program pensiun ditempatkan pada All of the pension plan assets are placed on cash
kas di Bank Kustodian dan deposito berjangka di with the Custodian Bank and time deposits with the
Bank. Bank.
Bank terekspos dengan beberapa risiko melalui The Bank is exposed to a number of risks through
program imbalan pasti. Risiko yang paling signifikan its defined benefit pension plans. The most
adalah sebagai berikut: significant risks are as follows:
Volatilitas aset Asset volatility

Liabilitas program dihitung menggunakan tingkat The plan liabilities are calculated using a discount
diskonto yang merujuk kepada tingkat imbal hasil rate set with reference to government bond yields, if
obligasi pemerintah, jika imbal hasil aset program plan assets underperform this yield, this will create
lebih rendah, maka akan menghasilkan defisit a deficit.
program.
511
Perubahan imbal hasil obligasi Changes in bond yields
Penurunan imbal hasil obligasi korporasi akan A decrease in corporate bond yields will increase

meningkatkan liabilitas program, walaupun hal ini plan liabilities, although this will be partially offset by
akan saling hapus dengan kenaikan dari nilai
obligasi program yang dimiliki.
Hasil yang diharapkan dari aset program ditentukan The expected return on plan assets is determined by
dengan mempertimbangkan imbal hasil yang considering the expected returns available on the
diharapkan atas aset dengan mengacu pada assets underlying the current investment policy.
kebijakan investasi. Hasil investasi bunga tetap Expected yields on fixed interest investments are
didasarkan pada hasil pengembalian bruto pada based on gross redemption yields as of the reporting
tanggal pelaporan. date.
Nilai kini liabilitas imbalan pascakerja, nilai wajar Present value of post-employment benefits
aset program, defisit/surplus pada program dan liabilities, fair value of plan assets, deficit/surplus of
penyesuaian pada liabilitas program dan aset program and adjustment on plan liabilities and plan
program untuk 5 tahun terakhir adalah sebagai assets for the last 5 years were as follows:
berikut:
2020 2019 2018 2017 2016
Nilai kini liabilitas imbalan Present value of defined
manfaat pasti 640,803)) 540,349) 477,067) 603,599) 827,306) benefits liabilities
Nilai wajar aset program (545,350)) (595,828) (635,475) (603,774) (825,087) Fair value of plan assets
Dampak batas atas aset -)) -) -) 175) -) The effect of the asset ceiling
Defisit (surplus) 95,453)) (55,479) (158,408) -) 2,219) Deficit (surplus)
Penyesuaian pada liabilitas 56,028)) 25,883) (187,441) 14,554) 5,496) Adjustments

program on plan liabilities
Penyesuaian pada aset 19,473)) 17,085) 10,850) (4,279) 9,601) Adjustments
program on plan assets
Manajemen berkeyakinan bahwa estimasi liabilitas Management believes that the estimated post-
atas imbalan pascakerja pada tanggal employment benefit liabilities as of
31 Desember 2020 dan 2019 telah memenuhi 31 December 2020 and 2019 have fulfilled the
persyaratan minimum UUTK No. 13. minimum requirements of UUTK No. 13.
Durasi rata-rata tertimbang dari liabilitas program The weighted average duration of the defined
pensiun imbalan pasti pada tanggal benefit pension obligation as of 31 December 2020
31 Desember 2020 dan 2019 masing-masing adalah and 2019 was 12 years and 7 years, respectively.
12 tahun dan 7 tahun.
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(lanjutan)
Analisis jatuh tempo yang diharapkan dari manfaat Expected maturity analysis of undiscounted pension
pensiun yang tidak didiskontokan adalah sebagai benefits are as follows:
berikut:
2020 2019
) )
Hingga 1 tahun 48,387 35,553 Up to 1 year
Lebih dari 1 - 2 tahun 46,622 44,932 More than 1 - 2 years
Lebih dari 5 tahun 3,336,316 2,666,202 More than 5 years
Sensitivitas liabilitas imbalan pascakerja untuk The sensitivity of the post-employment benefits
perubahan asumsi aktuarial utama adalah sebagai liabilities to changes in the key actuarial
berikut: assumptions was as follows:
512
2020
Kenaikan
Kenaikan (penurunan) (penurunan)
nilai kini kewajiban beban jasa kini/

imbalan kerja/ Increase
Increase (decrease) in (decrease) in
Perubahan asumsi/ present value of current service
Change in assumption benefit obligation cost
Kenaikan/Increase 1% (44,663) (6,698)

Tingkat diskonto Penurunan/Decrease 1% 50,777) 7,720) Discount rate
Kenaikan/Increase 1% 52,516) 7,947)

Tingkat kenaikan gaji Penurunan/Decrease 1% (46,813) (6,995) Salary increase rate
2019
Kenaikan


Analisis sensitivitas didasarkan pada perubahan The sensitivity analysis is based on a change in an
atas satu asumsi aktuarial dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam prakteknya, hal ini jarang constant. In practice, this is unlikely to occur and
terjadi dan perubahan beberapa asumsi mungkin changes in some of the assumptions may be
saling berkorelasi. Dalam perhitungan sensitivitas correlated. When calculating the sensitivity of the
kewajiban imbalan pascakerja atas asumsi aktuarial post-employment benefits liabilities to significant
utama, metode yang sama (perhitungan nilai kini actuarial assumptions, the same method (present
kewajiban imbalan pasti dengan menggunakan value of the defined benefits liabilities calculated
metode projected unit credit di akhir periode with the projected unit credit method at the end of
pelaporan) telah diterapkan seperti dalam the reporting period) has been applied as when
penghitungan liabilitas imbalan pascakerja. calculating the post-employment benefits liabilities.
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(lanjutan)

Perhitungan aktuaria pada tanggal The actuarial calculation as of 31 December 2020
31 Desember 2020 dan 2019 dilakukan oleh and 2019 was performed by PT Sentra Jasa Aktuaria,
PT Sentra Jasa Aktuaria, aktuaris independen,
Projected Unit method as stated in its reports dated 18 January 2021
Credit and 10 January 2020 with the following assumptions:
pada tanggal 18 Januari 2021 dan 10 Januari 2020
dengan asumsi-asumsi sebagai berikut:
2020 2019
Tingkat diskonto per tahun 3.26% - 7.80% 5.53% - 8.29% Annual discount rate
Tingkat kenaikan gaji per tahun 9% 9% Annual salary increase rate
Tabel mortalita Tabel mortalitas/ Tabel mortalitas/ Mortality table
Mortality table Mortality table
Indonesia 2019 Indonesia 2011
Usia pensiun normal 55 tahun/years 55 tahun/years Normal pension age
513
Status pendanaan atas program pensiun pada The funding status of the pension plan as of
tanggal 31 Desember 2020 dan 2019 berdasarkan 31 December 2020 and 2019 was based on the
laporan aktuaria adalah sebagai berikut: actuarial reports was as follows:

2020 2019
Nilai kini liabilitas imbalan pasti 217,467) 175,160) Present value of defined benefits liabilities
Nilai wajar aset program (193,363) (188,883) Fair value of plan assets
Kekurangan (kelebihan) pendanaan 24,104) (13,723) Funding deficit (surplus)
Perubahan liabilitas imbalan manfaat pasti selama The movement of defined benefits liabilities during
tahun berjalan adalah sebagai berikut: the year was as follows:
2020 2019
Perubahan nilai kini liabilitas imbalan Movement in present value of defined
manfaat pasti: benefits liabilities:
Nilai kini liabilitas imbalan manfaat Present value of defined benefits

pasti, awal tahun 175,160) 154,699) liabilities, beginning of year


Kerugian/keuntungan aktuaria yang
timbul dari: Actuarial losses/gains arising from:
- Asumsi demografi 449) -) Demographic asumption -
- Asumsi keuangan 10,030) (15,187) Financial assumption -
- Penyesuaian pengalaman (2,873) (1,066) Experience adjustment -
Lain-lain Others
Imbalan yang dibayar (11,445) (4,222) Benefits paid
Nilai kini liabilitas imbalan manfaat Present value of defined
217,467) 175,160)
pasti, akhir tahun benefits liabilities, end of year
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(lanjutan)
Perubahan nilai wajar aset program selama tahun The movement of fair value of plan assets during the
berjalan adalah sebagai berikut: year was as follows:
2020 2019
Saldo, awal tahun 188,883) 168,602) Balance, beginning of year

Hasil yang diharapkan dari aset Expected return on plan
program 14,394) 13,555) assets
Kontribusi pemberi kerja 7,500) 15,000)
Imbalan yang dibayar (11,445) (4,222) Benefits paid
Kerugian aktuaria - bersih (5,969) (4,052) Actuarial losses - net
Saldo, akhir tahun 193,363) 188,883) Balance, end of year
514 Seluruh aset program pensiun ditempatkan pada All of the pension plan assets are placed on Program
Program Dana Pensiun Lembaga Keuangan Dana Pensiun Lembaga Keuangan Allianz with time
Allianz dengan deposito berjangka sebagai aset deposits as underlying assets. The fair value of time
yang mendasari. Nilai wajar atas deposito deposits as of 31 December 2020 and 2019 was
berjangka tersebut pada tanggal Rp 193,363 and Rp 188,883, respectively.

31 Desember 2020 dan 2019 adalah masing-
masing sebesar Rp 193.363 dan Rp 188.883.
Entitas Anak terekspos dengan risiko volatilitas Subsidiary is exposed to asset volatility risks through
aset melalui program imbalan pasti. Liabilitas its defined benefit pension plans. The plan liabilities
program dihitung menggunakan tingkat diskonto are calculated using a discount rate set with
yang merujuk kepada tingkat imbal hasil obligasi reference to government bond yields, if plan assets
pemerintah, jika imbal hasil aset program lebih underperform this yield, this will create a deficit.
rendah, maka akan menghasilkan defisit program.
Nilai kini liabilitas imbalan pascakerja, nilai wajar Present value of post-employment benefits liabilities,
aset program, defisit/surplus pada program dan fair value of plan assets, deficit/surplus of program
penyesuaian pada liabilitas program dan aset and adjustment on plan liabilities and plan assets for
program untuk 5 tahun terakhir adalah sebagai the last 5 years were as follows:
berikut:
2020 2019 2018 2017 2016
Nilai kini liabilitas Present value of

imbalan manfaat defined benefits
pasti 217,467) 175,160) 154,699) 178,167) 122,058) liabilities
Nilai wajar aset Fair value of plan
program (193,363) (188,883) (168,602) (170,795) (148,488) asset
Defisit (surplus) 24,104) (13,723) (13,903) 7,372 (26,430) Deficit (surplus)
Penyesuaian pada Adjustments
liabilitas program 7,606) (16,253) (52,716) (15,626) (7,261) on plan liabilities
Penyesuaian pada Adjustments
aset program 5,969) 4,052) 2,410) 3,411) 943) on plan assets
Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted pension
pensiun yang tidak didiskontokan adalah sebagai benefits was as follow:
berikut:
2020 2019
Hingga 1 tahun 13,397 8,115 Up to 1 years

Lebih dari 5 tahun 2,371,204 1,892,882 More than 5 years
154
PT BANK BTPN Tbk
(lanjutan)

Sensitivitas kewajiban imbalan pascakerja untuk The sensitivity of the post-employment benefit
perubahan asumsi aktuarial utama adalah obligation to change in the key actuarial assumption
sebagai berikut: was as follow:
2020
Kenaikan
Tingkat kenaikan gaji

Kenaikan/Increase 1%
Penurunan/Decrease 1%
25,969)
(22,215)
4,093)
(3,494) Salary increase rate
515
2019

Kenaikan

Analisis sensitivitas didasarkan pada perubahan The sensitivity analysis is based on a change in an
atas satu asumsi aktuaria dimana asumsi lainnya assumption while holding all other assumptions
dianggap konstan. Dalam praktiknya, hal ini jarang constant. In practice, this is unlikely to occur, and
terjadi dan perubahan beberapa asumsi mungkin changes in some of the assumptions may be
saling berkorelasi. Dalam perhitungan sensitivitas correlated. When calculating the sensitivity of the
liabilitas imbalan pascakerja atas asumsi aktuaria post-employment benefits liabilities to key actuarial
utama, metode yang sama (perhitungan nilai kini assumptions, the same method (present value of
liabilitas imbalan pasti dengan menggunakan the defined benefits liabilities calculated with the
metode projected unit credit di akhir periode projected unit credit method at the end of the
pelaporan) telah diterapkan seperti dalam reporting period) has been applied as when
penghitungan liabilitas imbalan pascakerja. calculating the post-employment benefits liabilities.
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
Bank Bank
Bank juga memberikan manfaat cuti panjang The Bank also provides its employees with long
kepada karyawannya. leave benefit.
Perubahan liabilitas yang timbul dari imbalan kerja The movement in the
jangka panjang lainnya adalah sebagai berikut: other long-term employee benefits was as follows:
155
PT BANK BTPN Tbk

(lanjutan)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long term employee benefits (continued)
2020 2019
Perubahan nilai kini liabilitas Movement in present value of defined

imbalan manfaat pasti: benefits liabilities:
Nilai kini liabilitas imbalan manfaat Present value of defined liabilities,
pasti, awal tahun 26,436) 22,791) beginning of the year

Pengukuran kembali: Remeasurement:
- Penyesuaian asumsi demografi (2) -) Changes in demography assumptions -
- Penyesuaian asumsi keuangan 918) 643) Changes in financial assumptions -
- Penyesuaian pengalaman 713) 442) Experience adjustment -
516 Lain-lain Others
Imbalan yang dibayarkan dari
pemberi kerja selama tahun Benefits paid by the employer
(7,188) (4,363)
berjalan during year

Nilai kini liabilitas imbalan manfaat Present value of net defined
pasti, akhir tahun 27,885) 26,436) benefits liabilities, end of year
Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted other
jangka panjang lainnya tidak didiskontokan adalah long-term employee benefits was as follows:
sebagai berikut:
2020 2019
)
Lebih dari 5 tahun 62,452 62,787 More than 5 years
Sensitivitas dari kewajiban imbalan jangka panjang The sensitivity of the other long term employee
lainnya terhadap perubahan asumsi aktuaria utama benefit obligation to changes in the principal
adalah sebagai berikut: actuarial assumptions was as follows:
2020
Kenaikan (penurunan)
nilai kini kewajiban Kenaikan
imbalan kerja/ increase (penurunan) beban
(decrease) in present jasa kini/ Increase
Perubahan asumsi/ value of benefit (decrease) in current
Change in assumption obligation service cost
)
Kenaikan/Increase 1% (1,098) (228)
Tingkat diskonto Penurunan/Decrease 1% 1,205) 249) Discount rate
Kenaikan/Increase 1% 1,184) 245)

Tingkat kenaikan gaji Penurunan/Decrease 1% (1,099) (228) Salary increase rate
2019
nilai kini kewajiban
imbalan kerja/ increase Kenaikan (penurunan)
(decrease) in present beban jasa kini/
Perubahan asumsi/ value of benefit Increase (decrease) in
Change in assumption obligation current service cost
)
Kenaikan/Increase 1% (926) (203)
Tingkat diskonto Penurunan/Decrease 1% 1,013) 222) Discount rate
Kenaikan/Increase 1% 1,005) 221)

Tingkat kenaikan gaji Penurunan/Decrease 1% (935) (205) Salary increase rate
156
PT BANK BTPN Tbk
(lanjutan)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long term employee benefits (continued)
Perubahan liabilitas yang timbul dari imbalan kerja The movement in the liabilities arising from other
jangka panjang lainnya selama tahun berjalan long-term employee benefits over the year was as
2020 2019
Perubahan nilai kini liabilitas Movement in present value of

imbalan manfaat pasti: defined benefits liabilities:
Nilai kini liabilitas imbalan pasti, awal Present value of the defined
tahun benefits liabilities, beginning of
11,022) 10,335) year

Beban bunga 737) 831) Interest expense
Pengukuran kembali: Remeasurement:
- Penyesuaian asumsi demografi (3) -) Changes in demographic -
Changes in financial 517
- Penyesuaian asumsi keuangan 387) (228) assumptions -
- Penyesuaian pengalaman 309) (127) Experience adjustment -

Lain-lain Others
Imbalan yang dibayar (1,986) (1,805) Benefit paid
Nilai kini liabilitas imbalan pasti, 12,600) 11,022) Present value of defined
akhir tahun benefits liabilities, end of year
Analisis jatuh tempo yang diharapkan dari imbalan Expected maturity analysis of undiscounted other
jangka panjang lainnya tidak didiskontokan adalah long-term employee benefits was as follow:
sebagai berikut:
2020 2019

Lebih dari 1-2 tahun 1,360 1,956 More than 1-2 years
Lebih dari 2-5 tahun 6,383 4,961 More than 2-5 years
Sensitivitas dari kewajiban imbalan jangka panjang The sensitivity of the other long term employee
lainnya terhadap perubahan asumsi aktuaria utama benefit obligation to changes in the principal
adalah sebagai berikut: actuarial assumptions was as follows:
2020
imbalan kerja/ (penurunan) beban
increase (decrease) in jasa kini/ Increase
Perubahan asumsi/ present value of (decrease) in
Change in assumption benefit obligation current service cost
)
Tingkat diskonto Penurunan/Decrease 1% 753) 124) Discount rate
Kenaikan/Increase 1% 730) 120)

Tingkat kenaikan gaji Penurunan/Decrease 1% (662) (109) Salary increase rate
2019
imbalan kerja/ (penurunan) beban
increase (decrease) in jasa kini/ Increase
Perubahan asumsi/ present value of (decrease) in current
Change in assumption benefit obligation service cost
)
Tingkat diskonto Penurunan/Decrease1% 620) 111) Discount rate
Kenaikan/Increase 1% 605) 109)

Tingkat kenaikan gaji Penurunan/Decrease1% (549) (99) Salary increase rate
157
PT BANK BTPN Tbk

24. PINJAMAN SUBORDINASI 24. SUBORDINATED LOANS

Pinjaman subordinasi merupakan pinjaman dari The outstanding subordinated loans represent loans
SMBC Cabang Singapura sejumlah obtained from SMBC Singapore Branch amounted
USD 435.000.000 (nilai penuh), ekuivalen dengan to USD 435,000,000 (full amount), equivalent to
Rp 6.111.750 dan Rp 6.038.888 masing-masing Rp 6,111,750 and Rp 6,038,888 as of
pada tanggal 31 Desember 2020 dan 2019. 31 December 2020 and 2019, respectively.
Pinjaman subordinasi di atas terdiri dari pinjaman The above subordinated loans consist of
subordinasi sejumlah USD 100.000.000, subordinated loan amounting to USD 100,000,000,
USD 100.000.000, USD 150.000.000, USD 100,000,000, USD 150,000,000,
USD 35.000.000 dan USD 50.000.000 (nilai penuh), USD 35,000,000 and USD 50,000,000 (full amount),
masing-masing diperoleh pada tanggal which were obtained on 23 November 2018,
23 November 2018, 26 September 2018, 26 September 2018, 24 December 2013,
24 Desember 2013, 5 September 2008 dan 5 September 2008 and 27 March 2003, respectively.
27 Maret 2003. Pinjaman subordinasi Subordinated loan of USD 150,000,000,
USD 150.000.000, USD 35.000.000 dan USD 35,000,000 and USD 50,000,000 have been
USD 50.000.000 telah diperbaharui dengan renewed by Amendment and Restatement of
Perjanjian Perubahan dan Pernyataan Kembali Subordinated Loan Agreement on 27 March 2018.
Perjanjian Pinjaman Subordinasi pada tanggal Subordinated loan of USD 100,000,000 and
27 Maret 2018. Pinjaman subordinasi USD 100,000,000 will mature on 21 November 2025
USD 100.000.000 dan USD 100.000.000 masing- and 26 September 2025, respectively, while
518 masing akan jatuh tempo pada tanggal Subordinated loan of USD 150,000,000,
21 November 2025 dan 26 September 2025, USD 35,000,000 and USD 50,000,000 will mature
sedangkan pinjaman subordinasi USD 150.000.000, on 27 March 2025. These subordinated loans have
USD 35.000.000 dan USD 50.000.000 akan jatuh early repayment option by 20 days notification in
tempo pada tanggal 27 Maret 2025. Pinjaman

subordinasi memiliki opsi pembayaran lebih awal
dengan pemberitahuan 20 hari sebelumnya dan
dengan persetujuan dari kreditur.
Kisaran tingkat suku bunga pinjaman subordinasi Range of interest rate for subordinated loans per
adalah 1,54% - 1,55% per tahun. year was 1.54% - 1.55%.
Pinjaman subordinasi digunakan untuk memperkuat Subordinated loans are used to strengthen the
struktur modal Debitur sebagai Modal pelengkap Borrower's capital structure as the supplementary
(Tier 2). Capital (Tier 2).
Sesuai Peraturan OJK Nomor 11/POJK.03/2016 In accordance with the Regulation of OJK Number
tentang Kewajiban Penyediaan Modal Minimum 11/POJK.03/2016 and Circular Letter of OJK
Bank Umum dan Surat Edaran OJK Nomor Number 20/SEOJK.03/2016 regarding Feature of
20/SEOJK.03/2016 tentang Fitur Konversi Menjadi Conversion to Common Stock or Write Down The
Saham Biasa atau Write Down terhadap instrumen Instruments of Additional Tier 1 and Tier 2, Lender
Modal Inti Tambahan dan Modal Pelengkap, and Borrower acknowledge the trigger events that
Kreditur dan Debitur memahami bahwa terdapat will cause the loan provided under this Agreement
kondisi yang menyebabkan (trigger events) to be converted to common stock or written down,
pinjaman yang diberikan sesuai dengan Perjanjian particulary in the event when the business continuity
ini harus dikonversi menjadi saham biasa atau of the debtor is potentially disrupted (point of non
dilakukan write down, yaitu dalam hal kelangsungan viability) and therefore affecting the liabilities of
usaha debitur berpotensi terganggu (point of non borrower to the lender, in the term of:
viability) sehingga mempengaruhi kewajiban debitur
kepada kreditur, yaitu dapat berupa:
(i) rasio Modal Inti Utama (Common Equity Tier (i) Common Equity Tier 1 (CET 1) is lower than or
1/CET 1) lebih rendah atau sama dengan equal to 5.125% of Risk-Weighted Assets
5,125% dari Aset Tertimbang Menurut Risiko (RWA), both individually and consolidated with
(ATMR) baik secara individu maupun its Subsidiaries; and/or
konsolidasi dengan Entitas Anak; dan/atau
(ii) terdapat rencana dari otoritas yang berwenang (ii) there is a plan of the competent authority to
untuk melakukan penyertaan modal kepada make capital injection to the Borrower which
Debitur yang dinilai berpotensi terganggu continuity of its business is evaluated to have
kelangsungan usahanya; dan the potential to be disrupted; and
(iii) terdapat perintah dari OJK untuk melakukan (iii) There is an order from OJK to convert into
konversi menjadi saham biasa dan/atau write common stock and/or write-down.
down.
158
PT BANK BTPN Tbk
24. PINJAMAN SUBORDINASI (lanjutan) 24. SUBORDINATED LOANS (continued)
Pada tanggal 31 Desember 2020 dan 2019, Bank As of 31 December 2020 and 2019, the Bank
memenuhi seluruh persyaratan yang disebutkan complied with all the requirements mentioned in the
dalam perjanjian pinjaman subordinasi. subordinated loan agreements.
25. LIABILITAS LAIN-LAIN 25. OTHER LIABILITIES
2020 2019
Transaksi ATM, transfer dan ATM transaction, transfer and

tagihan merchant 241,226 102,110 merchant bills
Komisi asuransi diterima dimuka 71,667 91,667 Up-front insurance commission
Beban Standby Letter of Credit Accrued Standby Letter of
yang masih harus dibayarkan 52,002 58,246 Credit fee
nilai - Komitmen pinjaman yang Allowance for impairment losses -
diberikan 38,031 - Loan commitments issued
Pendapatan ditangguhkan 32,356 38,251 Unearned income
Utang premi asuransi kredit 27,927 47,730 Loan insurance premium payable
Utang premi asuransi lainnya 18,361 18,742 Other insurance premium payable
Klaim asuransi 14,328 10,811 Insurance claim 519
Utang kepada pihak ketiga 10,572 200,157 Payable to third parties
Lainnya 118,385 137,131 Others

624,855 704,845
159
PT BANK BTPN Tbk

25. LIABILITAS LAIN-LAIN (lanjutan) 25. OTHER LIABILITIES (continued)
Transaksi ATM, transfer dan tagihan merchant ATM transaction, transfer and merchant bills consist
merupakan hutang atas transaksi ATM dan transfer of payables from Bank ATM transaction and transfer
antar bank yang akan diselesaikan pada hari kerja to other banks that will be settled on the next
berikutnya, serta transaksi dengan merchant melalui working day and transactions with merchants via
gerbang pembayaran. payment gateway.
Komisi asuransi diterima dimuka merupakan komisi Up-front insurance commission represents
yang diterima dari Allianz atas penjualan produk- commission received from Allianz for the sales of
produk asuransi kepada nasabah Bank melalui insurance products to the Bank’s customers through
seluruh saluran distribusi Bank. all Bank’s distribution channel.
Utang premi asuransi lainnya merupakan premi Other insurance premium payables are employees
terutang atas asuransi karyawan Bank dan Entitas insurance premium payables of the Bank and
Anak. Subsidiary.
Beban standby letters of credit yang masih harus Accrued standby letters of credit fees are expense
dibayarkan merupakan beban biaya yang masih for standby letters of credit related to loans that has
harus dibayar atas standby letter of credit terkait not been paid.
dengan pinjaman yang diberikan.
520
Pendapatan ditangguhkan terdiri atas pendapatan Unearned income consists of deferred income from
dari pembelian wesel ekspor yang ditangguhkan. export bills purchase.
Utang premi asuransi kredit terdiri dari pembayaran Loan insurance premium payable consists of
premi asuransi yang telah diterima dari debitur insurance premium payment from debtors not yet
namun belum dibayarkan kepada perusahaan paid to the insurance company.
asuransi.
Utang kepada pihak ketiga sebagian besar Payables to third parties mainly represent payable
merupakan utang terkait informasi dan teknologi (IT) related to information and technology (IT) and
dan utang kepada ASABRI. payable to ASABRI.
Klaim asuransi terdiri dari dana yang diterima dari Insurance claim represents funds received from
hasil klaim asuransi atas nasabah kredit pensiun insurance claim on pensioner debtors who passed
yang meninggal dunia dan pencatatan sementara away and a temporary record of refund of Bank’s
penerimaan kembali premi asuransi Bank. Dana insurance premium. The received fund would be in
yang diterima akan berada dalam akun ini sampai this account until the Bank can identify the specific
Bank dapat mengidentifikasi kontrak terkait. contract.
Lainnya terutama terdiri dari akun tampungan untuk Others mainly consist of escrow account for loan
penerimaan cicilan kredit yang diberikan. Dana yang installments received. The received fund would be
diterima akan berada dalam akun ini sampai Bank in this account until the Bank can identify the specific
dapat mengidentifikasi kontrak terkait. contract.
26. DANA SYIRKAH TEMPORER 26. TEMPORARY SYIRKAH FUNDS
Bank menyajikan dana syirkah temporer The Bank presented temporary syirkah funds in
sehubungan dengan kepemilikan Bank atas Entitas relation to the Bank’s ownership in the Subsidiary
Anak yang bergerak di bidang perbankan syariah. which engages in sharia banking industry.
2020 2019
Simpanan nasabah: Deposits from customer:

Tabungan mudharabah 167,283 104,878 Mudharabah saving deposits
Deposito mudharabah 7,756,083 7,445,786 Mudharabah time deposits
7,923,366 7,550,664
160
PT BANK BTPN Tbk
26. DANA SYIRKAH TEMPORER (lanjutan) 26. TEMPORARY SYIRKAH FUNDS (continued)
a. Tabungan mudharabah a. Mudharabah savings deposits
Berdasarkan hubungan dengan pihak lawan: By relationship with counterparties:
2020 2019
Pihak ketiga 167,171 104,628 Third parties

Pihak berelasi 112 250 Related parties
167,283 104,878
Berdasarkan jenis produk: By product type:
2020 2019
Tabungan Taseto Premium iB 167,283 104,878 Taseto Premium iB Savings

167,283 104,878 521
Nisbah dan tingkat bagi hasil rata-rata untuk The average of pre-determined ratio and profit

tabungan mudharabah untuk tahun yang sharing rate for mudharabah savings deposits
berakhir pada tanggal 31 Desember 2020 dan for the years ended 31 December 2020 and
2019 adalah sebagai berikut: 2019 were as follows:
2020
Tingkat bagi
Nisbah (%)/ hasil (%)/
Pre-determined Profit sharing
ratio (%) rate (%)
Tabungan mudharabah 4.10% 4.85% Mudharabah savings deposits
2019
Tingkat bagi
Nisbah (%)/ hasil (%)/
ratio (%) rate (%)
Tabungan mudharabah 3.45% 4.56% Mudharabah savings deposits
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, there were
tidak ada saldo tabungan mudharabah yang no mudharabah saving deposits which were
diblokir atau dijadikan jaminan pembiayaan. blocked or pledged for financing.
b. Deposito mudharabah b. Mudharabah time deposits

Berdasarkan hubungan dengan pihak lain: By relationship with counterparties:
2020 2019
Pihak ketiga 7,717,545 7,428,302 Third parties

Pihak berelasi 38,538 17,484 Related parties
7,756,083 7,445,786
161
PT BANK BTPN Tbk

26. DANA SYIRKAH TEMPORER (lanjutan) 26. TEMPORARY SYIRKAH FUNDS (continued)
c. Berdasarkan jangka waktu c. By time period
2020 2019
Bukan Bank Non-Bank

Lebih dari 3 - 6 bulan 4,041,280 399,197 More than 3 - 6 months
Lebih dari 12 bulan 20 10 More than 12 months
7,756,083 7,445,786
d. Berdasarkan sisa umur sampai jatuh tempo d. By remaining period to maturity date
2020 2019
Bukan Bank Non-Bank

Lebih dari 12 bulan 20 10 More than 12 months
522 7,756,083 7,445,786
Pada tanggal 31 Desember 2020 dan 2019, tidak As of 31 December 2020 and 2019, there were no
ada saldo deposito mudharabah yang diblokir atau mudharabah time deposits which were blocked or
dijadikan sebagai jaminan atas pembiayaan. pledged for financing.

Nisbah dan tingkat bagi hasil rata-rata untuk The average of pre-determined ratio (nisbah) and
deposito mudharabah pada tanggal profit sharing rate for mudharabah time deposits
31 Desember 2020 dan 2019 adalah sebagai as of 31 December 2020 and 2019 were as follows:
berikut:
2020
Tingkat
Nisbah (%)/ bagi hasil (%)/
Ratio (%) rate (%)
1 bulan 11.89% 6.37% 1 month
3 bulan 12.18% 6.50% 3 month
6 bulan 12.36% 6.57% 6 month
12 bulan 12.75% 7.01% 12 month
2019
Tingkat
Nisbah (%)/ bagi hasil (%)/
Ratio (%) rate (%)
1 bulan 13.95% 7.76% 1 month

3 bulan 14.20% 7.82% 3 month
6 bulan 13.90% 7.87% 6 month
12 bulan 13.48% 7.83% 12 month
27. MODAL SAHAM 27. SHARE CAPITAL

Susunan pemegang saham Bank pada tanggal Based on the share registrant record from Biro
31 Desember 2020 dan 2019 berdasarkan catatan Administrasi Efek, the composition of the Bank’s
yang dibuat oleh Biro Administrasi Efek adalah shareholders composition as of 31 December 2020
sebagai berikut: and 2019 was as follows:
31 Desember/ December 2020

Lembar saham/
Number of Persentase/
Pemegang saham shares Percentage Jumlah/Total Shareholder
Corporation 7,532,311,297 92.43% 150,647 Corporation
PT Bank Central Asia Tbk 83,052,408 1.02% 1,661 PT Bank Central Asia Tbk
(Persero) Tbk 12,007,137 0.15% 240 (Persero) Tbk
Publik 426,362,127 5.23% 8,527 Public
8,053,732,969 98.83% 161,075
Saham tresuri 95,198,900 1.17% 1,904 Treasury shares
8,148,931,869 100% 162,979
162
PT BANK BTPN Tbk
27. MODAL SAHAM (lanjutan) 27. SHARE CAPITAL (continued)
31 Desember/ December 2019

Lembar saham/
Number of Persentase/
Pemegang saham shares Percentage Jumlah/Total Shareholder
Corporation 7,532,311,297 92.43% 150,647 Corporation
PT Bank Central Asia Tbk 83,052,408 1.02% 1,661 PT Bank Central Asia Tbk
(Persero) Tbk 12,007,137 0.15% 240 (Persero) Tbk
Publik 426,359,127 5.23% 8,527 Public
8,053,729,969 98.83% 161,075
Saham tresuri 95,198,900 1.17% 1,904 Treasury shares
8,148,928,869 100% 162,979
Pemegang saham publik terdiri dari pemegang Public shareholders consist of shareholders whose
saham yang memiliki kurang dari 5% jumlah saham ownership are less than 5% of outstanding shares.
beredar. Seluruh saham yang beredar adalah All the outstanding shares are ordinary shares.
saham biasa.
Perubahan komposisi kepemilikan saham Changes in share ownership composition
Pada tanggal 1 Februari 2019, Bank melakukan On 1 February 2019, The Bank carried out corporate
aksi korporasi berupa Cash Offer dan Konversi action namely cash offer and Share Conversion due 523
Saham karena penggabungan usaha dengan to the merger with SMBCI, resulting in changes in
SMBCI, sehingga terdapat perubahan kepemilikan share ownership and an additional 2,296,846,112
saham dan penambahan sejumlah 2.296.846.112 shares.

saham.
Dengan aksi korporasi tersebut, maka kepemilikan After this corporate action, SMBC ownership in the
SMBC di Bank mengalami peningkatan Bank’s increased to 7,932,311,297 shares of
menjadi 7.932.311.297 lembar saham atau 97,34%. equivalent to 97.34%.
Sesuai dengan Peraturan Bursa Efek Indonesia, In accordance with the Indonesia Stock Exchange
jumlah saham yang dimiliki oleh pemegang saham Regulation, The number of shares owned by the non
bukan pengendali dan bukan pemegang saham controlling shareholders and non majority
utama adalah minimum sebesar 7,5% dari jumlah shareholders is at the minimum of 7.5% of total
saham yang diterbitkan oleh Bank (Saham Free issued shares of the Bank (Free Float
float). Oleh karenanya, SMBC telah menjual 400 Shares).Therefore, SMBC sold 400 million of its
juta lembar sahamnya pada tanggal shares in 26 August 2019 with the selling price of Rp
26 Agustus 2019 dengan harga jual Rp 3.600 3,600 (full amount Rupiah) per share. The
(Rupiah penuh) per lembar saham, sehingga compliance with Free Float Shares requirement has
pemenuhan ketentuan Saham Free Float ini telah changed the SMBC’s ownership from 97.34% to
menyebabkan kepemilikan SMBC berubah dari 92.43%.
97,34% ke 92,43%.
28. CADANGAN PEMBAYARAN BERBASIS SAHAM 28. SHARE-BASED PAYMENT RESERVE

Pada tanggal 31 Desember 2019, Bank dan Entitas As of 31 December 2019, the Bank and Subsidiary
Anak memiliki cadangan pembayaran berbasis had share-based payments reserve amounting to
saham sebesar Rp 244.012. Pada tanggal Rp 244,012. As of 31 December 2020, the balance
31 December 2020, saldo cadangan pembayaran of share-based payments reserve have been
berbasis saham direklasifikasi ke komponen ekuitas reclassified to other equity components.
lainnya.
Program MESOP 2015-2020 MESOP 2015-2020 Program
Berdasarkan Rapat Umum Pemegang Saham Luar Based on Extraordinary General Meeting of
Biasa (RUPSLB) tanggal 26 Maret 2015 Shareholders (RUPSLB) dated 26 March 2015 as
sebagaimana dituangkan kedalam Akta Risalah notarised on Deed of Minutes of Extraordinary
Rapat Umum Pemegang Saham Luar Biasa No. 50 General Meeting of Shareholders No. 50 dated
tanggal 26 Maret 2015 yang dibuat di hadapan 26 March 2015 made before Hadijah, S.H., M.Kn,
Hadijah, S.H., M.Kn, para pemegang saham the shareholders approved the Bank's plan to
menyetujui rencana Bank untuk meningkatkan increase the issued and paid-in capital of the Bank
modal ditempatkan dan modal disetor Bank dengan by a number not exceeding Rp 4,672 which resulted
jumlah tidak melebihi Rp 4.672, sehingga modal in the issued and paid-up capital of the Bank not
ditempatkan dan modal disetor Bank menjadi tidak exceeding Rp 121,478.
melebihi Rp 121.478.
163
PT BANK BTPN Tbk

28. CADANGAN PEMBAYARAN BERBASIS SAHAM 28. SHARE-BASED PAYMENT RESERVE (continued)
(lanjutan)
Program MESOP 2015-2020 (lanjutan) MESOP 2015-2020 Program (continued)
Hal ini dilakukan dengan cara mengeluarkan hak This is done by issuing option rights on new shares
opsi atas saham-saham baru masing-masing with a par value of Rp 20 (full amount) by a number
bernilai nominal Rp 20 (nilai penuh) dengan jumlah not exceeding 233,611,491 shares.
tidak melebihi 233.611.491 saham.
Berdasarkan Keputusan Sirkuler Resolusi Direksi Based on Circular Resolution of Directors
No. PS/BOD/004/IV/2015, pada tanggal No. PS/BOD/004/IV/2015, dated 15 April 2015, the
15 April 2015, Bank memberikan hak opsi sebesar Bank granted 141,575,000 share options. Share
141.575.000 saham. Hak opsi tersebut diberikan options granted to the Bank’s and the Subsidiary’s
kepada para anggota Direksi dan para karyawan members of the Board of Directors and the
jenjang tertentu dari Bank dan Entitas Anak yang employees on a certain level are determined by the
ditentukan oleh Dewan Komisaris atau oleh Direksi Board of Commissioners or by the Board of
Bank berdasarkan kuasa yang diberikan oleh Directors of the Bank under authority granted by the
Dewan Komisaris, selama jangka waktu yang Board of Commissioners, during a certain period
ditentukan oleh Dewan Komisaris. determined by the Board of Commissioners.
Para anggota Direksi dan karyawan pada jenjang Board of Directors and the employees at certain
tertentu dapat mengeksekusi opsi saham yang levels are able to execute share options that have
diberikan selama mereka tetap memberikan jasa been granted to them under the condition that the
524 selama periode opsi saham. respected party continues to provide service during
the share options period.
Pelaksanaan atas hak opsi atas saham-saham baru Implementation of the right options on new shares
tersebut harus sesuai dengan harga pelaksanaan, shall be in accordance with the exercise price, the
syarat dan ketentuan yang telah diumumkan dalam terms and conditions that have been published in
“Keterbukaan Informasi” yang diumumkan melalui the "Disclosure of Information" published in Bank’s
website Bank dan website Bursa Efek Indonesia and Indonesia Stock Exchange’s website on
tanggal 17 Februari 2015. 17 February 2015.
Periode pelaksanaan eksekusi opsi saham atas The exercise period of MESOP 2015-2020 Program
Program MESOP 2015-2020 terdiri dari: will be conducted on (1) Maximum 30% in May
(1) Maksimum 30% pada bulan Mei 2017, dengan 2017, with the implementation period of 30 trading
periode pelaksanaan selama 30 hari bursa dimulai days starting on 1 May 2017; (2) Maximum 30% in
pada tanggal 1 Mei 2017; (2) Maksimum 30% pada November 2017, with the implementation period of
bulan November 2017, dengan periode 30 trading days starting on 6 November 2017;
pelaksanaan selama 30 hari bursa dimulai pada (3) Maximum 60% in May 2018, with the
tanggal 6 November 2017; (3) Maksimum 60% pada implementation period of 30 trading days starting on
bulan Mei 2018, dengan periode pelaksanaan 7 May 2018; (4) Maximum 60% in November 2018,
selama 30 hari bursa dimulai pada tanggal 7 Mei with the implementation period of 30 trading days
2018; (4) Maksimum 60% pada bulan November starting on 5 November 2018; (5) Maximum 100%
2018, dengan periode pelaksanaan selama 30 hari on May 2019, with the implementation period of 30
bursa dimulai pada tanggal 5 November 2018; (5) trading days starting on 6 May 2019;
Maksimum 100% pada bulan Mei 2019, dengan (6) Maximum 100% on December 2019, with the
periode pelaksanaan selama 30 hari bursa dimulai implementation period of 30 trading days starting on
pada tanggal 6 Mei 2019; (6) Maksimum 100% pada 2 December 2019. The remaining option rights
bulan Desember 2019, dengan periode which have not yet been fully exercised up to prior
pelaksanaan selama 30 hari bursa dimulai pada exercise period can be implemented in the last
tanggal 2 Desember 2019. Sisa hak opsi yang belum exercise period of implementation.
dieksekusi secara penuh sampai dengan 100%
selama periode eksekusi sebelumnya dapat
dilaksanakan pada periode pelaksanaan eksekusi
terakhir.
Nilai wajar rata-rata tertimbang opsi Program The weighted average fair value of options granted
MESOP 2015-2020 yang diberikan selama tahun during the year for MESOP 2015-2020 Program was
berjalan yang ditentukan dengan menggunakan determined using the Binomial Model Parameter
Binomial Model Parameter adalah sebesar amounted to Rp 1,144.16; Rp 1,388.54; and
Rp 1.144,16; Rp 1.388,54; dan Rp 1.622,72 (nilai Rp 1,622.72 (full amount) per option for each vesting
penuh) per opsi untuk masing-masing periode period. The significant inputs into the model were
vesting. Input model yang signifikan adalah harga weighted average share price of Rp 4,030 on the
saham rata-rata tertimbang sebesar Rp 4.030 pada grant date, exercise price shown below, volatility of
tanggal pemberian, harga eksekusi seperti 29.37%, dividend yield of 0%, an expected option
ditunjukkan di bawah, volatilitas sebesar 29,37%, life of five years, and an annual risk-free interest rate
hasil dividen 0%, usia opsi yang diharapkan selama of 7.5%.
lima tahun dan tingkat bunga bebas risiko tahunan
sebesar 7,5%.
164
PT BANK BTPN Tbk
(lanjutan)
Program MESOP 2015-2020 (lanjutan) MESOP 2015-2020 Program (continued)
Volatilitas yang diukur dengan standar deviasi atas The volatility measured at the standard deviation of
imbal hasil saham yang terus dimajemukkan continuously compounded share returns is based on
berdasarkan analisis stastisik atas harga saham statistical analysis of daily share prices starting from
harian sejak tanggal 3 Januari 2011 sampai tanggal 3 January 2011 until grant date.
pemberian.
Tingkat suku bunga bebas risiko sesuai dengan The risk free interest rate corresponds to market
pengembalian keuntungan atas obligasi pemerintah yields on government bonds of 5 years from grant
dengan jangka waktu 5 tahun sejak tanggal date.
pemberian.
Program ESOP 2016-2021 ESOP 2016-2021 Program
Berdasarkan Rapat Umum Pemegang Saham Luar Based on Extraordinary General Meeting of
Biasa (RUPSLB) tanggal 29 April 2016 Shareholders (RUPSLB) dated 29 April 2016 which
sebagaimana dituangkan kedalam Akta Risalah was notarised on Deed of Minutes of Extraordinary
Rapat Umum Pemegang Saham Luar Biasa No. 60 General Meeting of Shareholders No. 60 dated
tanggal 29 April 2016 yang dibuat di hadapan 29 April 2016 made before Hadijah, S.H., M.Kn, the
Hadijah, S.H., M.Kn, para pemegang saham shareholders approved the Bank's plan to increase 525
menyetujui rencana Bank untuk meningkatkan the issued and paid-in capital of the Bank by an
modal ditempatkan dan modal disetor Bank dengan amounts not exceeding Rp 2,336.
jumlah tidak melebihi Rp 2.336.

Hal ini dilakukan dengan cara mengeluarkan hak This is done by issuing option rights on new shares
opsi atas saham-saham baru masing-masing with a par value of Rp 20 (full amount) by a number
bernilai nominal Rp 20 (nilai penuh) dengan jumlah not exceeding 116,805,746 shares.
tidak melebihi 116.805.746 saham.
Para karyawan pada jenjang tertentu dapat Employees at certain levels are able to execute
mengeksekusi opsi saham yang diberikan selama share options that have been granted to them under
mereka tetap menyediakan jasa selama periode the condition that the respected party continues to
opsi saham. provide services during the share options period.
Pelaksanaan atas hak opsi atas saham-saham baru Implementation of the right options on new shares
tersebut harus sesuai dengan harga pelaksanaan, shall be in accordance with the exercise price, the
syarat dan ketentuan yang telah diumumkan dalam terms and conditions that have been published in
“Keterbukaan Informasi” yang diumumkan melalui the "Disclosure of Information" published at the
situs Bank dan situs Bursa Efek Indonesia tanggal Bank’s website and Indonesia Stock Exchange’s
8 Maret 2016 dan 27 April 2016. website on 8 March 2016 and 27 April 2016.
Periode waktu pelaksanaan eksekusi opsi saham The exercise period of ESOP 2016-2021 Program is
atas Program ESOP 2016-2021 terdiri dari: divided into the following: (1) Maximum 30% in
(1) Maksimum 30% pada bulan Mei 2018, dengan May 2018, with the implementation period of
periode pelaksanaan selama 30 hari bursa dimulai 30 trading days starting on 28 May 2018;
pada 28 Mei 2018; (2) Maksimum 30% pada bulan (2) Maximum 30% in December 2018, with the
Desember 2018, dengan periode pelaksanaan implementation period of 30 trading days starting on
selama 30 hari bursa dimulai pada tanggal 17 December 2018; (3) Maximum 60% in May 2019,
17 Desember 2018; (3) Maksimum 60% pada with the implementation period of 30 trading days
bulan Mei 2019, dengan periode pelaksanaan starting on 28 May 2019; (4) Maximum 60% in
selama 30 hari bursa dimulai pada tanggal December 2019, with the implementation period of
28 Mei 2019; (4) Maksimum 60% pada bulan 30 trading days starting on 19 December 2019;
Desember 2019, dengan periode pelaksanaan (5) Maximum 100% in June 2020, with the
selama 30 hari bursa dimulai pada tanggal implementation period of 30 trading days starting on
19 Desember 2019; (5) Maksimum 100% pada 1 June 2020; (6) Maximum 100% in December
bulan Juni 2020, dengan periode pelaksanaan 2020, with the implementation period of 30 trading
selama 30 hari bursa dimulai pada tanggal days starting on 17 December 2020. The remaining
1 Juni 2020; (6) Maksimum 100% pada bulan option rights which have not yet been fully exercised
Desember 2020, dengan periode pelaksanaan up to prior exercise period can be implemented in
selama 30 hari bursa dimulai pada tanggal the last exercise period of implementation.
17 Desember 2020. Sisa hak opsi yang belum
dieksekusi secara penuh sampai dengan 100%
selama periode eksekusi sebelumnya dapat
dilaksanakan pada periode pelaksanaan eksekusi
terakhir.
165
PT BANK BTPN Tbk

(lanjutan)
Program ESOP 2016-2021 (lanjutan) ESOP 2016-2021 Program (continued)

Nilai wajar rata-rata tertimbang opsi Program ESOP The weighted average fair value of options granted
2016-2021 yang diberikan selama tahun berjalan during the year for ESOP 2016-2021 Program was
yang ditentukan dengan menggunakan Binomial determined using Binomial Model Parameter
Model Parameter adalah Rp 546,50, Rp 709,55, dan amounted to Rp 546.50, Rp 709.55, and Rp 839.99
Rp 839,99 (nilai penuh) per opsi untuk masing- (full amount) per option for each vesting period. The
masing periode vesting. Input model yang signifikan significant inputs into the model were weighted
adalah harga saham rata-rata tertimbang sebesar average share price of Rp 2,480 on the grant date,
Rp 2.480 pada tanggal pemberian, harga eksekusi exercise price as shown below, volatility of 28.92%,
seperti ditunjukkan di bawah, volatilitas per masing- 29.60%, and 29.10%, respectively for each vesting
masing periode vesting sebesar 28,92%, 29,60%, period, dividend yield of 0%, expected life of five
dan 29,10%, hasil dividen 0%, usia opsi yang years from grant date, and annual risk-free interest
diharapkan selama lima tahun dari tanggal rate of 6.52%, 6.60% and 6.71%, respectively.
pemberian, dan tingkat bunga bebas risiko tahunan
masing-masing periode vesting sebesar 6,52%,
6,60% dan 6,71%.
526 Volatilitas diukur dengan standar deviasi atas imbal The volatility measured at the standard deviation of
hasil saham yang terus dimajemukkan berdasarkan continuously compounded share returns, which is
analisis statistik atas harga saham harian sejak based on statistical analysis of daily share prices
15 Mei 2014 sampai tanggal pemberian untuk starting from 15 May 2014 until the grant date for the
periode vesting pertama, sejak tanggal 13 Mei 2013 first vesting period, starting from 13 May 2013 until
sampai tanggal pemberian untuk periode vesting the grant date for the second vesting period and
kedua dan sejak 14 Mei 2012 sampai tanggal starting from 14 May 2012 for the third vesting
pemberian untuk periode vesting ketiga. period.
Tingkat suku bunga bebas risiko sesuai dengan The risk free interest rate corresponds to market
pengembalian keuntungan atas obligasi pemerintah yields on government bonds at grant date with
pada saat tanggal pemberian dengan jangka waktu duration ranging from 1 to 5 years.
1 sampai dengan 5 tahun.
Pada tahun 2019, Bank dan Entitas Anak berinisiatif In 2019, the Bank and Subsidiary initiatively
memberikan program cash retention kepada provided a cash retention program to employees
karyawan yang memiliki hak opsi saham dari who own share option rights from “ESOP 2016-2021
“Program ESOP 2016-2021”, dimana sebagian Program”, of which most of the share option holders
besar pemegang hak opsi saham tersebut sepakat agreed to first surrender their share option rights to
untuk menyerahkan terlebih dahulu hak opsi saham the Bank and the Subsidiary. As a result, the reserve
mereka kepada Bank dan Entitas Anak. Oleh karena for ESOP 2016-2021 Program as of 31 December
itu, cadangan atas Program ESOP 2016-2021 2020 and 2019 is now recorded as liabilities in
tanggal 31 Desember 2020 dan 2019 kini dicatat accordance with short-term employee benefits
sebagai liabilitas sesuai dengan kebijakan akuntansi accounting policy (Note 2x and 23).
imbalan kerja jangka pendek (Catatan 2x dan 23).
166
PT BANK BTPN Tbk
(lanjutan)
Program ESOP 2016-2021 (lanjutan) ESOP 2016-2021 Program (continued)

Perubahan jumlah opsi saham adalah sebagai Movements in the number of share options were as
berikut: follows:
Harga eksekusi
per lembar dalam
Rupiah (nilai penuh)/
Exercise price per
share in Rupiah Opsi Saham/
(full amount) Share Option
Pada awal tahun At beginning of year

- Program MESOP 2015-2020 4,000 90,910,000)) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 198,000)) ESOP 2016-2021 Program -
91,108,000))
Dieksekusi Executed
- Program MESOP 2015-2020 4,000 -))) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 (3,000))
(3,000))
ESOP 2016-2021 Program -
527
Kadaluwarsa Forfeited
- Program MESOP 2015-2020 4,000 (90,910,000) MESOP 2015-2020 Program -

- Program ESOP 2016-2021 2,617 -) ESOP 2016-2021 Program -
(90,910,000)
Pada akhir tahun At end of year
- Program MESOP 2015-2020 4,000 -) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 195,000) ESOP 2016-2021 Program -
195,000)
Harga eksekusi
per lembar dalam
Rupiah (nilai penuh)/
Exercise price per
share in Rupiah Opsi Saham/
(full amount) Share Option
Pada awal tahun At beginning of year

- Program MESOP 2015-2020 4,000 108,140,000) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 38,383,500) ESOP 2016-2021 Program -
146,523,500)
Dieksekusi Executed
- Program MESOP 2015-2020 4,000 -) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 (436,000) ESOP 2016-2021 Program -
(436,000)
Kadaluwarsa Forfeited
- Program MESOP 2015-2020 4,000 (17,230,000) MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 (63,000) ESOP 2016-2021 Program -
(17,293,000)
Konversi tunai ke imbalan kerja Cas conversion to short-term

jangka pendek employee benefits
- Program MESOP 2015-2020 4,000 - MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 (37,686,500) ESOP 2016-2021 Program -
(37,686,500)
Pada akhir tahun At end of year

- Program MESOP 2015-2020 4,000 90,910,000 MESOP 2015-2020 Program -
- Program ESOP 2016-2021 2,617 198,000 ESOP 2016-2021 Program -
91,108,000
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PT BANK BTPN Tbk

(lanjutan)
Opsi saham atas Program MESOP 2015-2020 yang Share options of MESOP 2015-2020 Program
masih ada pada tanggal 31 Desember 2020 dan outstanding as of 31 December 2020 and 2019 have
2019 memiliki tanggal kadaluwarsa dan harga the following expiry dates and exercise prices:
eksekusi berikut ini:
Harga eksekusi per
lembar (nilai penuh)/
Tanggal Exercise price per Opsi Saham/Share Option
Tanggal Pemberian/ kadaluwarsa/ share 31 Desember/ 31 Desember/
Grant date Expiry date (full amount) December 2020 December 2019
15 April/April 2015 Januari/January 2020 4,000 - 81,310,000

10 Juli/July 2015 Januari/January 2020 4,000 - -
9 Oktober/October 2015 Januari/January 2020 4,000 - -
8 Januari/January 2016 Januari/January 2020 4,000 - -
11 April/April 2016 Januari/January 2020 4,000 - -
11 Juli/July 2016 Januari/January 2020 4,000 - -
10 Oktober/October 2016 Januari/January 2020 4,000 - 9,600,000
- 90,910,000
528 Opsi saham atas Program ESOP 2016-2021 yang Share options of ESOP 2016-2021 Program
2019 memiliki tanggal kadaluwarsa dan harga the following expiry dates and exercise prices:
eksekusi berikut ini:
Harga eksekusi per

lembar (nilai penuh)/
Tanggal Exercise price per Opsi Saham/Share Option
Tanggal Pemberian/ kadaluwarsa/ share 31 Desember/ 31 Desember/
Grant date Expiry date (full amount) December 2020 December 2019
21 September/September 2016 Januari/January 2021 2,617 195,000 198,000

9 Desember/December 2016 Januari/January 2021 2,617 - -
10 Maret/March 2017 Januari/January 2021 2,617 - -
12 Juni/June 2017 Januari/January 2021 2,617 - -
11 September/September 2017 Januari/January 2021 2,617 - -
11 Desember/December 2017 Januari/January 2021 2,617 - -
195,000 198,000
Opsi saham atas Program ESOP 2016-2021 yang Share options of ESOP 2016-2021 Program
2019 telah kadaluwarsa di bulan Januari 2021. expired in January 2021.
29. PENGGUNAAN LABA BERSIH 29. APPROPRIATION OF NET INCOME
Para pemegang saham menyetujui penggunaan The shareholders approved the appropriation of net
laba bersih untuk tahun yang berakhir pada tanggal income for the year ended 31 December 2019 as
31 Desember 2019 sebagai berikut: (1) Bank follows: (1) the Bank booked appropriated retained
membukukan saldo laba yang sudah ditentukan earnings amounting to Rp 9,235 and (2) the remaining
penggunaannya sebesar Rp 9.235 dan (2) sisa dari balance of the net income acquired by the Bank in
total laba bersih yang diperoleh Bank untuk tahun book year ended on 31 December 2019 shall be
buku yang berakhir pada tanggal 31 Desember declared as unappropriated retained earnings.
2019 dinyatakan sebagai saldo laba yang belum
ditentukan penggunaannya.
Para pemegang saham menyetujui penggunaan The shareholders approved the appropriation of net
laba bersih untuk tahun yang berakhir pada tanggal income for the year ended 31 December 2018 as
31 Desember 2018 sebagai saldo laba yang belum unappropriated retained earnings.
ditentukan penggunaannya.
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PT BANK BTPN Tbk
30. PENDAPATAN BUNGA DAN PENDAPATAN 30. INTEREST INCOME AND SHARIA INCOME
SYARIAH
2020 2019*)

Pinjaman yang diberikan 11,559,679 13,166,022 Loans
Efek-efek 440,121 652,078 Securities
Giro dan penempatan pada Bank Current accounts and placements with
Indonesia 305,653 242,273 Bank Indonesia
Giro dan penempatan pada bank-bank Current accounts and placements with
lain 13,015 37,276 other banks
Efek-efek yang dibeli dengan janji dijual Securities purchased under resale
kembali - 19,871 agreements
12,322,991 14,126,029

Pinjaman yang diberikan 41,299 92,956 Loans
Giro dan penempatan pada bank-bank Current accounts and placements with
lain - 2,468 other banks
529
43,018 97,598

12,366,009 14,223,627
Pendapatan syariah Sharia income

Pendapatan dari jual beli - marjin Income from sales and purchases -
murabahah 3,767,696 4,203,294 murabahah margin
Pendapatan dari bagi hasil - Revenue from profit sharing -
pembiayaan musyarakah 2,246 1,045 musyarakah financing
Pendapatan usaha utama lainnya 267,532 253,013 Other main operating income
4,037,474 4,457,352
16,403,483 18,680,979
*) Setelah reklasifikasi (Catatan 48) * ) After reclasification (Note 48)
169
PT BANK BTPN Tbk

31. BEBAN BUNGA DAN HAK PIHAK KETIGA ATAS 31. INTEREST EXPENSE AND THIRD PARTIES’
BAGI HASIL DANA SYIRKAH TEMPORER SHARES ON RETURN OF TEMPORARY
SYIRKAH FUNDS
2020 2019*)
Beban bunga Interest expense

Simpanan nasabah Customer deposits
Deposito berjangka 3,386,057 4,667,302 Time deposits
Tabungan 172,827 141,034 Saving deposits
Deposito on call 30,264 36,153 Deposits on call
3,675,790 4,934,594
Pinjaman yang diterima 533,060 636,998 Borrowings

Utang obligasi 133,354 88,648 Bonds payables
Surat utang jangka menengah 49,266 99,628 Medium Term Notes
Simpanan dari bank-bank lain 45,993 215,188 Deposits from other banks
Liabilitas sewa 41,712 - Lease liabilities
Efek-efek yang dijual dengan janji dibeli Securities sold under repurchase
530 kembali - 21 Agreements
4,479,175 5,975,077

Simpanan nasabah Customer deposits

Deposito berjangka 178,010 46,438 Time deposits
Tabungan 1,792 14,429 Saving deposits
Giro 433 10,133 Current accounts
180,235 71,000
Pinjaman yang diterima 431,850 794,945 Borrowings

Pinjaman subordinasi 160,995 236,426 Subordinated loans
Simpanan dari bank-bank lain 29,289 88,249 Deposits from other banks
802,369 1,190,620
5,281,544 7,165,697
Hak pihak ketiga atas bagi hasil dana Third parties’ shares on return of
syirkah temporer temporary syirkah funds
Pihak ketiga 496,852 522,771 Third parties
Pihak berelasi 659 816 Related parties
497,511 523,587
5,779,055 7,689,284
170
PT BANK BTPN Tbk
32. PENDAPATAN OPERASIONAL LAINNYA 32. OTHER OPERATING INCOME

2020 2019*)
Pendapatan administrasi dana pihak Third party fund administration

ketiga 232,881 133,474 income
Pendapatan komisi atas pinjaman
yang diberikan 175,150 279,675 Loan commission income
Pendapatan dari penerimaan kembali Income from recovery of loans
kredit yang dihapusbuku 164,925 197,900 written-off
Pendapatan dari penjualan produk Income from sale of investment
investasi 92,407 108,158 products
Denda pelunasan dipercepat dan Early termination penalty and late
keterlambatan 84,319 126,586 penalty income
Pendapatan dari komisi asuransi 41,036 66,836 Insurance commission income
Jasa penerbitan garansi 36,828 42,156 Guarantee fees
Pendapatan komisi lainnya 25,226 15,617 Others commission income
Penerimaan kembali dari kerugian
operasional 21,460 5,353 Operational loss recovery
Jasa kliring dan transfer 16,156 15,987 Clearing and transfer fees
959,885 1,032,034
531
Pendapatan komisi atas pinjaman yang diberikan Loan commission income are administration income

adalah pendapatan administrasi yang diperoleh dari received from bank’s loan.
pinjaman bank.
Pendapatan dari penjualan produk investasi adalah Income from sale of investment products are
pendapatan komisi dari pihak ketiga atas produk commission income received from third party related
investasi yang dijual melalui Bank. with invesment product that are sold through the Bank.
Pendapatan dari komisi asuransi adalah Insurance commission income are income from unit
pendapatan atas komisi penjualan unit link dan link sales commission and commission received by
komisi yang diterima oleh Bank berdasarkan the Bank based on agreements with insurance
perjanjian yang telah disepakati dengan perusahaan companies: Allianz, Avrist, Generali, FWD, Proteksi
asuransi: Allianz, Avrist, Generali, FWD, Proteksi Antar Nusa and Adonai Pialang Asuransi (Note
Antar Nusa dan Adonai Pialang Asuransi 11n).
(Catatan 11n).
Lain-lain termasuk jasa cash handling, jasa payment Others consist of cash handling services, payment
point dan pendapatan dividen. point service, and dividend income.
33. BEBAN KEPEGAWAIAN 33. PERSONNEL EXPENSES

2020 2019*)
Gaji, upah, bonus, tantiem dan imbalan Salaries, wages, bonus, tantiem and
kerja karyawan 1,984,834 2,016,558 employee benefits
Tunjangan hari raya 364,486 414,784 Holiday allowances
Tunjangan kesehatan 195,765 185,553 Medical benefit
Tunjangan pajak 190,665 173,624 Tax allowances
Tunjangan representasi 112,219 125,493 Representation allowance
Jamsostek 85,727 82,663 Jamsostek
Pendidikan dan latihan 68,057 138,688 Training and education
Tunjangan program kepemilikan
kendaraan 56,184 56,054 Car ownership program allowance
Tunjangan telepon 30,404 24,828 Telephone allowance
Tunjangan perumahan 21,349 22,012 Housing allowance
3,211,395 3,338,585
Termasuk dalam beban kepegawaian adalah gaji, Included under personnel expenses are salaries,
opsi saham dan kompensasi lainnya yang share options and other compensations paid to the
dibayarkan kepada Direksi, Dewan Komisaris dan Board of Directors, Board of Commissioners and
Komite Audit. Audit Committee.
171
PT BANK BTPN Tbk

34. BEBAN UMUM DAN ADMINISTRASI 34. GENERAL AND ADMINISTRATIVE EXPENSES
2020 2019*)
Jasa dari pihak ketiga dan perlengkapan Services from third parties and office
kantor 883,125 974,085 supplies
Beban asuransi 416,540 445,471 Insurance expense
Sewa 412,743 620,873 Rent
Amortisasi piranti lunak (Catatan 15) 364,272 318,284 Amortisation of software (Note 15)
Penyusutan aset tetap (Catatan 14) 355,168 358,264 Depreciation of fixed assets (Note 14)
Depreciation of right-of-use assets
Penyusutan aset hak guna (Catatan 14) 223,563 - (Note 14)
Promosi dan iklan 157,063 216,201 Promotion and advertising
Jasa profesional 116,151 109,641 Professional fees
Pemeliharaan dan perbaikan 83,631 78,712 Repairs and maintenance
3,062,933 3,155,976
Jasa dari pihak ketiga dan perlengkapan kantor Services from third parties and office supplies
terdiri dari beban honorarium, perjalanan dinas, consist of expenses from honorarium, business
tagihan kantor pos, beban listrik, air dan telepon, travelling, post office billing, uitilities, data
532 komunikasi data, peralatan kantor dan jasa communication, office supplies, and delivery
pengiriman. services.
Lain-lain termasuk pajak reklame, pajak kendaraan, Others consist of advertisement tax, vehicle tax,
pajak daftar perusahaan, dan beban lain-lain Entitas company registration tax and Subsidiary’s
Anak. miscellaneous expenses.
35. CADANGAN KERUGIAN PENURUNAN NILAI 35. PROVISION FOR IMPAIRMENT LOSSES

2020 2019
Pinjaman yang diberikan dan

pembiayaan/piutang syariah Loans and sharia financing/
(Catatan 11g) 2,786,768) 1,445,933) receivables (Note 11g)
Komitmen pinjaman yang diberikan 9,912) -) Loan commitments issued
Tagihan akseptasi (Catatan 10d) 3,146) (7) Acceptance receivables (Note 10d)
Current accounts with other Banks
Giro pada bank-bank lain (Catatan 6) 397) -) (Note 6)
Penempatan pada Bank Indonesia dan Placement with Bank Indonesia and
bank-bank lain (409) -) other Banks
Efek-efek (Catatan 8h) (177) (44) Securities (Note 8h)
Lainnya 1) -) Other assets
2,799,638) 1,445,882)
36. BEBAN OPERASIONAL LAINNYA 36. OTHER OPERATING EXPENSES

2020 2019*)
Beban komisi dan administrasi 437,140 377,883 Commissions and administrative fees
Iuran tahunan OJK 81,192 79,152 OJK annual fee
Kerugian terkait risiko operasional 24,201 35,020 Loss of operational risk
Beban rumah tangga 23,977 24,104 Household expenses
Beban pengembangan komunitas 6,603 43,982 Community development expenses
Beban retribusi 3,074 3,216 Retribution expenses
Beban pengurusan klaim asuransi 2,956 3,117 Insurance claim expenses
Rekrutmen 1,679 1,822 Recruitment
608,785 635,311
Lain-lain termasuk beban jamuan, beban Others consist of entertainment expenses,
keanggotaan dan beban penyelesaian kredit. membership fees and credit settlement charges.
172
PT BANK BTPN Tbk
37. INFORMASI MENGENAI PIHAK BERELASI 37. RELATED PARTY INFORMATION
Dalam kegiatan usahanya, Bank dan Entitas Anak In the normal course of business, the Bank and
melakukan transaksi dengan pihak-pihak berelasi, Subsidiary engage in transactions with related
terutama meliputi transaksi-transaksi keuangan. parties, primarily consisting of financial
transactions.
Di bawah ini adalah ikhtisar pihak-pihak berelasi The following is a summary of related parties who
yang bertransaksi dengan Bank dan Entitas Anak, have transactions with the Bank and Subsidiary,
termasuk sifat hubungan dan sifat transaksinya: including the nature of the relationships and
transactions:
Pihak berelasi/ Sifat hubungan/ Sifat transaksi/
Related parties Nature of relationships Nature of transactions
Sumitomo Mitsui Banking Corporation, Pemegang saham pengendali/ Giro pada bank lain; simpanan dari
Tokyo Controlling shareholders bank lain; transaksi derivatif/
Current accounts with other banks;
deposits from other banks;
derivative transactions
Sumitomo Mitsui Banking Corporation, Perusahaan afiliasi/affiliated Giro pada bank lain; simpanan dari
Singapore company bank lain; kewajiban akseptasi; pinjaman
yang diterima; pinjaman subordinasi;
transaksi derivatif/ Current accounts with
other banks; deposits from other banks;
acceptance payables; borrowings;
subordinated loans;
derivative transactions 533
Hongkong Branch company bank lain; transaksi derivatif/

Current accounts with other banks;
deposits from other banks;
Sumitomo Mitsui Banking Corporation, Perusahaan afiliasi/affiliated Giro pada bank lain/
Europe Limited company Current accounts with other banks
Dusseldorf Branch company Current accounts with other banks
Sumitomo Mitsui Banking Corporation, Perusahaan afiliasi/affiliated Simpanan dari bank lain;
Malaysia Berhad company transaksi derivatif/ Deposits from other
banks; derivative transactions
Bangkok company bank lain/ Current accounts with other
banks; deposits from
other banks
Sumitomo Mitsui Banking Corporation, Perusahaan afiliasi/affiliated Efek-efek; kewajiban akseptasi/
Seoul company Securities; acceptance payables
New York company Current accounts with other banks
New Delhi company Current accounts with other banks
PT SMFL Leasing Indonesia Perusahaan afiliasi/affiliated Simpanan nasabah; pinjaman yang

company diberikan; transaksi derivatif/
Deposits from customers; loans;
PT Oto Multi Artha Perusahaan afiliasi/affiliated Simpanan nasabah; pinjaman yang
Deposits from customers; loans;
PT Summit Oto Finance Perusahaan afiliasi/affiliated Simpanan nasabah; pinjaman yang
Deposits from customers; loans; derivative
transactions
PT Nikko Securities Indonesia Perusahaan afiliasi/affiliated Simpanan nasabah/
company Deposits from customers
PT SBCS Indonesia Perusahaan afiliasi/affiliated Simpanan nasabah/
company Deposits from customers
Personil manajemen kunci/ Direktur, Komisaris dan pejabat Pinjaman yang diberikan, simpanan
Key Management Personnel eksekutif/Directors, nasabah, pembayaran kompensasi dan
Commissioners and executive remunerasi, imbalan pascakerja/
employees Loans, deposits from customers, payments of
compensation and remuneration, post-
employment benefits
173
PT BANK BTPN Tbk

37. INFORMASI MENGENAI PIHAK BERELASI 37. RELATED PARTY INFORMATION (continued)
(lanjutan)
Transaksi dengan pihak berelasi Transactions with related parties
Saldo dan rincian transaksi dengan pihak berelasi The outstanding balances and detail transactions
adalah sebagai berikut: with related parties were as follows:
(a) Giro pada bank-bank lain (a) Current accounts with other banks
31 Desember/31 December
2020 2019
Giro pada bank-bank lain Current accounts with other banks

Pihak berelasi 370,551 725,450 Related party
Persentase terhadap jumlah aset 0.20% 0.40% Percentage to total assets
2020 2019
Pendapatan bunga - 2,468 Interest income

Persentase terhadap jumlah
pendapatan bunga - 0.02% Percentage to total interest income
534 (b) Efek-efek (b) Securities

2020 2019

2020 2019
Pendapatan bunga 1,719 2,174 Interest income

pendapatan bunga 0.01% 0.01% Percentage to total interest income
(c) Tagihan derivatif (c) Derivative receivables

2020 2019
Tagihan derivatif Derivative receivables

(d) Pinjaman yang diberikan (d) Loans

2020 2019
Pinjaman yang diberikan Loans

Personil manajemen kunci 7,090 8,714 Key management personnel
Pihak berelasi 1,199,678 2,123,995 Related parties
1,206,768 2,132,709
Pendapatan bunga
yang masih akan diterima 2,372 12,538 Accrued interest income
1,209,140 2,145,247
174
PT BANK BTPN Tbk
(lanjutan)
Transaksi dengan pihak berelasi (lanjutan) Transactions with related parties (continued)
(d) Pinjaman yang diberikan (lanjutan) (d) Loans (continued)
2020 2019
Pendapatan bunga: Interest income:

Personil manajemen kunci 170 300 Key management personnel
41,299 92,956

pendapatan bunga 0.33% 0.64% Percentage to total interest income
Suku bunga atas pinjaman yang diberikan Interest rate charged on loan to key
kepada personil manajemen kunci adalah management personnel amounting 5% to 8%
sebesar 5% sampai dengan 8% per tahun per annum with term between 1 to 20 years.
dengan jangka waktu pinjaman antara 1 sampai Such loan is given without any specific
dengan 20 tahun. Pinjaman tersebut diberikan collateral.
tanpa adanya jaminan tertentu.
Pada tanggal 31 Desember 2020 dan 2019 There was no impairment on the loan to key 535
tidak terdapat penurunan nilai atas pinjaman management personnel as of
yang diberikan kepada personil manajemen 31 December 2020 and 2019.
kunci.

(e) Simpanan nasabah (e) Deposits from customers
2020 2019
Dana pihak ketiga Third party funds
Personil manajemen kunci: Key management personnel:
Tabungan 14,418 10,894 Savings deposits
Deposito berjangka dan deposito Time deposits and deposits
on call 76,565 82,128 on call
98,280 101,653
((Pihak berelasi: Related parties:
Tabungan - - Savings deposits
Deposito berjangka 4,297,896 387,556 Time deposits
4,342,214 437,508
4,440,494 539,161
dibayarkan 44,294 4,033 Accrued interest expense
4,484,788 543,194
Persentase terhadap jumlah liabilitas 3.20% 0.38% Percentage to total liabilities

2020 2019
Beban bunga 180,235 71,000 Interest expense

beban bunga 3.67% 0.95% Percentage to total interest expenses
Dana pihak ketiga ditempatkan dalam giro, Third party funds are placed on current
tabungan maupun deposito berjangka. Tingkat account, saving accounts and time deposits.
suku bunga yang diberikan oleh Bank adalah Interest rate given by the Bank for the
sebesar 0,00% - 7,50%. Untuk deposito placement amounting to 0.00% - 7.50%. For
berjangka tergantung tenor dan jumlah pokok time deposit depends on tenor and principal
deposito. amount.
175
PT BANK BTPN Tbk

(lanjutan)
(f) Simpanan dari bank-bank lain (f) Deposits from other banks
2020 2019
Simpanan dari bank-bank lain 5,904,428 7,291,425 Deposits from other banks
(dibayar 322 26,784 Accrued interest expenses
5,904,750 7,318,209

2020 2019
Beban bunga 29,289 88,249 Interest expense

beban bunga 0.55% 1.17% Percentage to total interest expenses
(g) Liabilitas derivatif (g) Derivative liabilities

536
2020 2019
Liabilitas derivatif Derivative liabilities

Persentase terhadap jumlah liabilitas 0.07% 0,04% Percentage to total liabilities
(h) Pinjaman yang diterima (h) Borrowings

2020 2019
Pinjaman yang diterima 22,852,789 31,193,978 Borrowings
22,856,942 31,253,932

2020 2019
Beban bunga Interest expense
Persentase terhadap jumlah beban

bunga 8.18% 10.58% Percentage to total interest expenses
(i) Liabilitas akseptasi (i) Acceptance payables

2020 2019

(j) Pinjaman subordinasi (j) Subordinated loans

2020 2019
Pinjaman subordinasi 6,111,750 6,038,888 Subordinated loans

6,115,980 6,045,193
176
PT BANK BTPN Tbk
(lanjutan)
(j) Pinjaman subordinasi (lanjutan) (j) Subordinated loans (continued)
2020 2019
Beban bunga: Interest expense:

Persentase terhadap jumlah beban

bunga 3.05% 3.15% Percentage to total interest expenses
(k) Dana syirkah temporer (k) Temporary syirkah funds

2020 2019
Personil manajemen kunci: Key management personnel:
Tabungan mudharabah 112 250 Mudharabah saving deposits
Deposito mudharabah 38,538 17,484 Mudharabah time deposits 537
38,650 17,734
Persentase terhadap jumlah hak pihak Percentage to total third parties’
ketiga atas bagi hasil syirkah shares on return of temporary

temporer 0.49% 0.24% syirkah funds
2020 2019
Hak atas bagi hasil dana syirkah Shares on return of temporary

temporer 659 816 syirkah funds
Persentase terhadap beban bagi hasil 0.13% 0.16% Percentage to total profit-sharing
(l)….Kompensasi dan remunerasi personil (l) Compensation and remuneration of key

manajemen kunci management personnel
Kompensasi yang dibayar atau terutang pada The compensation paid or payable to key
manajemen kunci atas jasa kepegawaian management for employee services is shown
adalah sebagai berikut: below:
Personil manajemen kunci
Dewan Komisaris/Board of lainnya/Other key management
Direksi/Board of Directors Commissioners personnel
%* Rp %* Rp %* Rp
Gaji dan imbalan

karyawan jangka Salaries and other short-term
pendek lainnya 5.08% 163,541 0.84% 27,042 10.79% 346,915 employee benefits
Imbalan pascakerja - - - - 0.40% 12,852 Post-employment benefits
Imbalan jangka panjang
lainnya - - - - 0.02% 578 Other long-term benefits
Jumlah 5.08% 163,541 0.84% 27,042 10.79% 346,915 Total
Personil manajemen kunci
Dewan Komisaris/Board of lainnya/Other key management
Direksi/Board of Directors Commissioners personnel
%* Rp %* Rp %* Rp
Gaji dan imbalan

karyawan jangka Salaries and other short-term
pendek lainnya 6.06% 202,589 0.62% 20,709 10.09% 337,368 employee benefits
Imbalan pascakerja - - - - 0.39% 12,915 Post-employment benefits
Imbalan jangka panjang
lainnya - - - - 0.02% 637 Other long-term benefits
Jumlah 6.06% 202,589 0.62% 20,709 10.50% 350,920 Total
*)% terhadap jumlah beban kepegawaian *)% to total personnel expenses
177
PT BANK BTPN Tbk

(lanjutan)
(m) Pembayaran berbasis saham (m) Share-based payments
Pembayaran berbasis saham yang diberikan Share-based payments given to the key
kepada personil manajemen kunci adalah management personnel are as follows:
sebagai berikut:
Program ESOP 2016-2021*

Bank Entitas Anak
Harga eksekusi
Harga opsi (sebelum
eksekusi modifikasi**/
opsi/ Option exercise
Option Opsi saham/ price (before Opsi saham/
exercise price Share option modification** Share option
Manajemen kunci lainnya 2,617 52,865,000 2,617 3,780,000 Other key management
538 *) dalam nilai penuh

**) terdapat modifikasi yang mengubah skema pembayaran
* ) in full amount
**) there was modification on the payment scheme for
Program ESOP 2016-2021 (Catatan 28). ESOP 2016-2021 Program (Note 28)
Program MESOP 2015-2020*

Bank Entitas Anak

Harga eksekusi Harga eksekusi
opsi/ opsi/
Option exercise Opsi saham/ Option exercise Opsi saham/
price Share option price Share option
Direksi 4,000 36,700,000 4,000 9,400,000 Board of Directors

Manajemen kunci lainnya 4,000 96,215,000 4,000 9,760,000 Other key management
132,915,000 19,160,000
*) dalam nilai penuh *
*) in full amount
(n) Komitment dan Kontinjensi (n) Commitment and contingencies

2020 2019
Liabilitas komitmen Committed liabilities

Fasilitas kredit yang belum
digunakan 1,881,149 1,794,185 Unused credit facilities
178
PT BANK BTPN Tbk
38. KOMITMEN DAN KONTINJENSI 38. COMMITMENTS AND CONTINGENCIES
Seluruh komitmen dan kontinjensi adalah dengan All commitments and contingencies are with the
pihak ketiga, kecuali aset komitmen. third parties, except committed assets.
a. Berdasarkan jenis a. By type

2020 2019
Aset komitmen Committed assets

Fasilitas pinjaman yang belum ditarik Unused borrowing facilities
- Pihak ketiga 26,730,611 1,329,838 Third parties -
- Pihak berelasi 1,881,149 1,794,185 Related parties -
28,611,760 3,124,023
Aset kontinjensi Contingent assets

Pendapatan bunga pinjaman yang Interest receivable on non-
diberikan yang bermasalah 137,487 97,680 performing loans
Garansi yang diterima 22,688,905 19,839,026 Guarantees received
22,826,392 19,936,706
Liabilitas komitmen Committed liabilities

539
Fasilitas kredit kepada nasabah yang Unused credit facilities to
belum digunakan - committed 14,012,398 8,433,080 customers - committed

belum digunakan - uncommitted 85,424,033 73,413,906 customers - uncommmitted
Fasilitas kredit kepada bank yang Unused credit facilities to
belum digunakan - uncommitted 34,982 63,163 banks - uncommmitted
Letters of credit yang tidak dapat
dibatalkan 616,302 925,174 Irrevocable letters of credit
100,087,715 82,835,323
Liabilitas kontinjensi Contingent liabilities

Garansi yang diberikan 7,421,593 8,924,578 Guarantees provided
b. Berdasarkan kolektibilitas b. By collectability

2020 2019
Lancar 104,366,182 90,359,090 Current

Dalam perhatian khusus 3,143,126 1,350,086 Special mention
Kurang lancar - 50,725 Substandard
107,509,308 91,759,901
c. Kasus hukum c. Litigation cases

Bank menghadapi beberapa tuntutan hukum, The Bank is a party to various unresolved legal
pengurusan administrasi dan klaim yang belum actions, administrative proceedings, and claims
terselesaikan, yang berhubungan dengan in the ordinary course of its business. It is not
kegiatan usaha Bank. Adalah tidak mungkin possible to predict with certainty whether or not
untuk memastikan apakah Bank akan the Bank will ultimately be successful in any of
memenangkan masalah atau tuntutan hukum these legal matters or, if not, what the impact
tersebut, atau dampaknya jika Bank kalah. might be. However, the Bank’s management
Namun demikian, manajemen Bank yakin does not expect that the results in any of these
bahwa hasil keputusan masalah atau tuntutan proceedings will have a material adverse effect
hukum tersebut tidak akan membawa dampak on the Bank’s results of operations, financial
yang signifikan pada hasil usaha, posisi position or liquidity.
keuangan atau likuiditas Bank.
179
PT BANK BTPN Tbk

39. SEGMEN OPERASI 39. OPERATING SEGMENT
Segmen operasi dilaporkan sesuai dengan laporan Operating segments are reported in accordance
internal yang disiapkan untuk Direksi, yang with the internal reporting provided to the Directors,
bertindak sebagai pengambil keputusan operasi, as the chief operating decision maker, who are
yang bertanggung jawab untuk mengalokasikan responsible for allocating resources to the
sumber daya ke segmen dan melakukan penilaian reportable segments and assesses its performance.
atas performanya. Seluruh segmen operasi yang All operating segments used by the Bank and
digunakan oleh Bank dan Entitas Anak telah Subsidiary meet the definition of a reportable
memenuhi kriteria pelaporan berdasarkan PSAK 5, segment under PSAK 5, “Operating Segment”.
“Segmen Operasi”.
Bank dan Entitas Anak memiliki 5 (lima) pelaporan The Bank and Subsidiary have 5 (five) reportable
segmen, berdasarkan produk usaha, sebagaimana segments, in accordance with the business product,
disajikan dalam tabel di bawah ini. as set out in the table below.
Ritel Retail
Terdiri dari pinjaman yang diberikan kepada Consists of loans to pensioners and other individual
nasabah pensiunan dan nasabah individual lainnya. customers.
540 Kredit Usaha Mikro, Kecil & Menengah (UMKM) Micro, Small & Medium Enterprises (MSME)
Terdiri dari pinjaman yang diberikan kepada Consists of loans to micro, small & medium
nasabah usaha mikro, kecil dan menengah yang enterprise customers for commercial purpose.
digunakan untuk kegiatan usaha.
Penghimpunan dana dan tresuri Funding and treasury
Terdiri dari aktivitas penghimpunan dana dari pihak Consists of funding business activity in raising funds
ketiga dan bank lain, serta aktivitas tresuri termasuk from third party and other banks, and centralised
pinjaman yang diterima dan surat berharga yang treasury operations including borrowings and
diterbitkan. Penghimpunan dana tresuri berada di securities issued. Funding and treasury are under
bawah direktorat yang sama. the same directorate.
Korporasi Corporate
Terdiri dari pinjaman dan layanan yang diberikan Consists of loans and services from corporate
dari nasabah korporasi yang digunakan untuk ((customers which related to commercial purpose.
kegiatan usaha.
Syariah Sharia
Merupakan lini segmen operasi atas Entitas Anak Represents a line of operating segments of
yang dimulai dari tanggal efektif beroperasi sebagai Subsidiary which started from the effective date to
bank umum syariah. operate as a sharia commercial bank.
Terdiri dari pembiayaan syariah dan dana pihak Consists of sharia financing and third party fund from
ketiga dari nasabah syariah yang digunakan untuk sharia customers which related to commercial
kegiatan usaha. purpose.
Dalam mengalokasikan beban operasional, In allocating operating expenses, management

manajemen mengatribusikan beberapa pos beban attributed some of its expenses based on Bank and
operasional sesuai dengan kebijakan pelaporan Subsidiary’s internal reporting policy.
internal Bank dan Entitas Anak.
180
PT BANK BTPN Tbk
39. SEGMEN OPERASI (lanjutan) 39. OPERATING SEGMENT (continued)
Informasi pelaporan segmen adalah sebagai The reportable segment information was as follows:
berikut:
Tahun berakhir 31 Desember/Year ended 31 December 2020
Penyesuaian
Penghimpunan dan eliminasi/
dana dan Adjustment
Ritel/ tresuri/ Funding Korporasi/ Syariah/ and Konsolidasian/
Retail UMKM/ MSME and Treasury Corporate Sharia elimination Consolidated
Pendapatan dan
beban Operating income
operasional and expenses
Pendapatan bunga
dan syariah dari External interest and
pihak eksternal 6,320,994) 1,439,754) 703,255) 3,902,006) 4,037,474) -) 16,403,483) sharia income
Pendapatan bunga Inter-segment interest
antar segmen (3,393,407) (734,778) 6,537,193) (2,409,008) -) -) -) income
Beban bunga antar Inter-segment interest
segmen 112,552) 34,482) (2,936,182) 2,789,148) -) -) -) expense
Beban bunga dan Interest expense and
-)
bagi hasil syariah (15,898) (22,816) (2,932,562) (2,310,268) (497,511) (5,779,055) sharia profit sharing
Pendapatan bunga
dan syariah Net reportable
segmen segment interest
dilaporkan-bersih 3,024,241) 716,642) 1,371,704) 1,971,878) 3,539,963) -) 10,624,428) and sharia income
541
Pendapatan
operasional Other operating
lainnya: income:

Pendapatan 191,230) 184,367) 582,837) 222,225) 21,893) (242,667) 959,885)
lainnya income
Keuntungan dari Net gain on
selisih kurs dan foreign exchange and
transaksi derivatif - derivative
bersih -) 364) 216,203) 512,385) -) -) 728,952) transactions
Pendapatan
lainnya 191,230) 184,731) 799,040) 734,610) 21,893) (242,667) 1,688,837) income
Beban operasional Other operating

lainnya expenses
lainnya (1,664,679) (1,014,018) (1,872,546) (739,838) (1,592,032) -) (6,883,113) expenses
penurunan nilai (546,463) (949,610) (32,166) (421,215) (850,184) -) (2,799,638) impairment losses

lainnya (2,211,142) (1,963,628) (1,904,712) (1,161,053) (2,442,216) -) (9,682,751) expenses
Pendapatan Net reportable

operasional operational segment
lainnya - bersih (2,019,912) (1,778,897) (1,105,672) (426,443) (2,420,323) (242,667) (7,993,914) income
Pendapatan (beban) Non-operating
non-operasional 196) 1,613) (3,827) (76) 4,656) -) 2,562) income (expenses)
Laba (rugi) segmen
sebelum pajak Segment income (loss)
penghasilan 1,004,524) (1,060,641) 262,205) 1,545,359) 1,124,296) (242,667) 2,633,076) before income tax
Beban pajak
penghasilan (205,164) 216,626) (53,553) (315,626) (269,682) -) (627,399) Income tax expense
Laba (rugi) bersih 799,360) (844,015) 208,652) 1,229,733) 854,614) (242,667) 2,005,677) Net profit (loss)
181
PT BANK BTPN Tbk


Penghimpunan
dana dan Penyesuaian
tresuri/ dan eliminasi/
Ritel/ UMKM/ Funding and Korporasi/ Syariah/ Adjustment Konsolidasian/
Retail MSME Treasury Corporate Sharia and elimination Consolidated
Aset Assets
Pinjaman/pembiayaan
yang diberikan-bersih 33,873,551) 12,161,412) - 78,081,955 8,673,376 -) 132,790,294 Net loans/financing
Pendapatan
bunga/marjin yang
masih akan diterima Accrued interest/
dari pinjaman/ margin income
pembiayaan yang from loans/
diberikan 311,486) 48,049) - 232,272 87,749 -) 679,556 financing
Aset lain-lain -) -) 34,010,438 - 6,920,254 (225,225) 40,705,467 Other assets
Pendapatan bunga
yang masih akan Accrued interest
diterima -) -) 195,394 - 69,975 -) 265,369 income
Jumlah aset yang Total allocated

dialokasikan 34,185,037) 12,209,461) 34,205,832 78,314,227 15,751,354 (225,225) 174,440,686 assets
Aset yang tidak

dialokasikan* 8,725,292 Unallocated assets*
542 Jumlah aset 183,165,978 Total assets
Liabilitas Liabilities
Simpanan nasabah 2,390,046) 597,899) 30,831,811 57,188,668 1,857,115 -) 92,865,539 Customer deposits
Beban bunga/bagi hasil Undistributed
yang masih harus revenue
dibayar -) -) 268,384 - 18,665 -) 287,049 sharing
Liabilitas lain-lain -) -) 44,744,358 - 200,001 (225,938) 44,718,421 Other liabilities
Beban bunga yang Accrued
masih harus dibayar -) -) 131,034 - - -) 131,034 interest expenses
Jumlah liabilitas yang Total allocated
dialokasikan 2,390,046) 597,899) 75,975,587 57,188,668 2,075,781 (225,938) 138,002,043 liabilities
Liabilitas yang tidak Unallocated
dialokasikan* 4,275,816 liabilities*
Jumlah liabilitas 142,277,859 Total liabilities

Dana syirkah Temporary syirkah
temporer -)) -)) -) -)) 7,923,366) -) 7,923,366) fund
*) Komponen yang tidak dapat dialokasikan terutama terdiri dari aset dan liabilitas *) Unallocated items mainly comprise of income tax assets and liabilities, including
pajak penghasilan, termasuk pajak kini dan pajak tangguhan, aset dan liabilitas current and deferred taxes, derivative assets and liabilities, fixed assets, intangible
derivatif, aset tetap, aset takberwujud, liabilitas lainnya dan akrual assets, other liabilities and accruals
182
PT BANK BTPN Tbk

Tahun berakhir 31 Desember/Year ended 31 December 2019
Penghimpunan Penyesuaian
dana dan tresuri/ dan eliminasi/
Ritel/ UMKM/ Funding and Korporasi/ Syariah/ Adjustment and Konsolidasian/
Retail MSME Treasury Corporate Sharia elimination Consolidated
Pendapatan dan beban Operating income

operasional and expenses
Pendapatan bunga dan

syariah dari pihak External interest
eksternal 7,403,734)) 1,881,192) 863,148) 4,075,553) 4,457,352) -) 18,680,979) and sharia income
Pendapatan bunga antar Inter-segment
segmen (4,122,229) (1,116,614) 8,265,398) (3,026,555) -) -) -) interest income
Beban bunga antar Inter-segment
segmen 127,688) 37,365) (3,811,466) 3,646,413) -) -) interest expense
Interest expense
Beban bunga dan bagi and sharia profit
-)
hasil syariah (18,430) (16,034) (3,955,028) (3,176,205) (523,587) (7,689,284) sharing
Net reportable
Pendapatan bunga dan segment interest
syariah segmen and sharia
dilaporkan-bersih 3,390,763)) 785,909)) 1,362,052) 1,519,206) 3,933,765) - 10,991,695) income
Pendapatan operasional Other operating

lainnya: income:
lainnya 273,739)) 272,816) 222,683) 246,114) 17,742) (1,060) 1,032,034) income 543
Net gain on foreign
Keuntungan dari selisih exchange and
kurs dan transaksi derivative
-)) 85,314) 499,230) -)) -)) 584,544)

derivatif - bersih -)) transactions
lainnya 273,739)) 272,816) 307,997) 745,344) 17,742) (1,060) 1,616,578) income

lainnya expenses
lainnya (1,829,251) (1,011,711) (1,827,378) (701,551) (1,761,041) 1,060) (7,129,872) expense
penurunan nilai (483,712) (564,473) (6,537) (81,758) (309,402) -)) (1,445,882) impairment losses
lainnya (2,312,963) (1,576,184) (1,833,915) (783,309) (2,070,443) 1,060) (8,575,754) expenses
Beban non-operasional - Non-operating

bersih (6,055) (97) (4,630) -) (2,815) -) (13,597) expenses
Segment income
Laba segmen sebelum (loss) before
pajak penghasilan 1,345,484) (517,556) (168,496) 1,481,241) 1,878,249) -)) 4,018,922) income tax
Beban pajak
penghasilan (344,366) 132,464) 43,126) (379,112) (478,616) -) (1,026,504) Income tax expense
Laba (rugi) bersih 1,001,118) (385,092) (125,370) 1,102,129) 1,399,633) -) 2,992,418) Net profit (loss)
dana dan tresuri/ dan eliminasi/
Aset Assets
Pinjaman/pembiayaan
yang diberikan-bersih 41,051,406) 15,019,353) -) 75,514,770) 8,707,455) -) 140,292,984) Net loans/financing
Pendapatan bunga/marjin
yang masih akan Accrued interest/
diterima dari pinjaman/ margin income
pembiayaan yang from loans/
diberikan 373,606) 68,661) -) 295,491) 89,601) -) 827,359) financing
Aset lain-lain -) -) 25,932,578) -) 5,929,356) (1,244,387) 30,617,547) Other assets
Pendapatan bunga yang Accrued interest
masih akan diterima -) -) 33,615) -) 88,846) -) 122,461) income
Jumlah aset yang Total allocated

dialokasikan 41,425,012) 15,088,014) 25,966,193) 75,810,261) 14,815,258) (1,244,387) 171,860,351) assets
Aset yang tidak

dialokasikan* 9,771,034) Unallocated assets*
Jumlah aset 181,631,385) Total assets
183
PT BANK BTPN Tbk


31 Desembeer/December 2019
dana dan treasuri/ dan eliminasi/
Simpanan nasabah 2,501,285) 625,497) 27,612,593) 46,753,556) 1,895,885) -) 79,388,816) Customer deposits
Beban bunga/bagi hasil
yang masih harus Undistributed revenue
dibayar -) -) 210,601) -) 21,861) -) 232,462) sharing
Liabilitas lain-lain -) -) 58,936,647) -) -) (26,202) 58,910,445) Others liabilities
Beban bunga yang Accrued
masih harus dibayar -) -) 231,143) -) -) -) 231,143) interest expenses
Jumlah liabilitas yang Total allocated
dialokasikan 2,501,285) 625,497) 86,990,984) 46,753,556) 1,917,746) (26,202) 138,762,866) liabilities
Liabilitas yang tidak
dialokasikan* 3,845,927) Unallocated liabilities*
Jumlah liabilitas 142,608,793) Total liabilities
Temporary syirkah
Dana syirkah temporer -) -) -) -) ) 7,550,664) -) 7,550,664) ) fund
544 *) Komponen yang tidak dapat dialokasikan terutama terdiri dari aset dan liabilitas pajak
penghasilan, termasuk pajak kini dan pajak tangguhan, aset dan liabilitas derivatif, aset tetap,
*) Unallocated items mainly comprise of income tax assets and liabilities,
including current and deferred taxes, derivative assets and liabilities, fixed
aset takberwujud, liabilitas lainnya dan akrual assets, intangible assets, other liabilities and accruals
Berdasarkan informasi geografis Geographical information
Pada tanggal 31 Desember 2020, segmen As of 31 December 2020, geographical segment

berdasarkan geografis terdiri dari 84 cabang (tidak consists of 84 branches (unaudited) that are located
diaudit) yang terbagi menjadi 4 area yaitu Jawa, into 4 areas, which are Java, Sumatera, Bali and
Sumatera, Bali dan Nusa Tenggara, serta, Nusa Tenggara, also Kalimantan and Sulawesi
Kalimantan dan Sulawesi (2019: 84 cabang) (tidak (2019: 84 branches) (unaudited).
diaudit).
Segmen informasi berdasarkan geografis adalah Information concerning geographical segments is

sebagai berikut: as follows:
Penyesuaian dan
Kalimantan eliminasi/
Jawa/ Bali dan/and dan/and Adjustment and Konsolidasian/
Java Sumatera Nusa Tenggara Sulawesi elimination Consolidated
31 Desember 2020 31 December 2020
Pendapatan bunga 11,982,391) 2,321,780) 521,456) 1,577,856) -) 16,403,483) Interest income
Jumlah aset 161,025,536) 11,339,864) 2,854,985) 9,392,664) (1,447,071) 183,165,978) Total assets

Pendapatan bunga 13,836,605) 2,578,295) 559,429) 1,706,650) -) 18,680,979) Interest income
Jumlah aset 161,187,248) 9,015,603) 2,751,014) 9,921,907) (1,244,387) 181,631,385) Total assets
184
PT BANK BTPN Tbk
40. LABA BERSIH PER SAHAM 40. EARNINGS PER SHARE
a. Laba per saham dasar a. Basic earnings per share

2020 2019
Jumlah laba per saham dasar yang Total basic earnings per share
tersedia bagi pemegang saham attributable to the ordinary equity
biasa Bank 217 327 holders of the Bank
b. Laba per saham dilusian b. Diluted earnings per share

2020 2019
Jumlah laba per saham dilusian yang Total diluted earnings per share
tersedia bagi pemegang saham attributable to the ordinary equity
biasa Bank 217 324 holders of the Bank
c. Laba yang digunakan dalam perhitungan c. Earnings used in calculating earnings per
laba per saham share
2020 2019
Laba per saham dasar Basic earnings per share

Laba yang tersedia bagi pemegang
saham biasa Bank yang digunakan Profit attributable to the ordinary
dalam perhitungan laba per saham equity holders of the Bank used in
dasar 1,749,293 2,572,528 calculating basic earnings per share
Laba per saham dilusian Diluted earnings per share
Laba yang tersedia bagi pemegang
saham biasa Bank yang digunakan Profit attributable to the ordinary
dalam perhitungan laba per saham equity holders of the Bank used in
dilusian 1,749,293 2,572,528 calculating diluted earnings per share
d. Jumlah rata-rata tertimbang saham yang d. Weighted average number of shares used as
digunakan sebagai penyebut the denominator
2020 2019
Jumlah rata-rata tertimbang saham Weighted average number of
yang digunakan sebagai penyebut ordinary shares used as the
dalam perhitungan laba per saham denominator in calculating basic
dasar 8,053,732,969 7,858,627,916 earnings per share
Penyesuaian untuk perhitungan laba Adjustments for calculation of
per saham dilusian: diluted earnings per share:
- Opsi saham (Catatan 28) - 90,910,000 Share options (Note 28) -
Jumlah rata-rata tertimbang saham Weighted average number of
yang digunakan sebagai penyebut ordinary shares used as the
dalam perhitungan laba per saham denominator in calculating diluted
dilusian 8,053,732,969 7,949,537,916 earnings per share
185
PT BANK BTPN Tbk

41. PERJANJIAN KERJASAMA, KONTRAK DAN 41. SIGNIFICANT AGREEMENTS, CONTRACTS AND
KOMITMEN YANG SIGNIFIKAN COMMITMENTS
a. PT Taspen (Persero) a. PT Taspen (Persero)
Sejak tahun 2007, Bank telah bekerja sama Since 2007, the Bank has been cooperating with
dengan PT Taspen (Persero) dimana Bank PT Taspen (Persero) in which the Bank become
menjadi salah satu mitra untuk penanganan one of the partners for handling the payments of
pembayaran uang pensiun kepada para pension to retired government employees.
pensiunan pegawai Pemerintah.
b. PT Pos Indonesia (Persero) b. PT Pos Indonesia (Persero)
Sejak bulan Maret 2012 Bank telah bekerja Since March 2012 the Bank has been
sama dengan PT Pos Indonesia (Persero) cooperating with PT Pos Indonesia (Persero) in
dimana PT Pos Indonesia (Persero) membantu which PT Pos Indonesia (Persero) assists the
Bank dalam melakukan pemotongan uang Bank in deducting the pension benefits of retired
pensiun para pegawai Pemerintah untuk government employees for pension loan
angsuran kredit pensiun dan memasarkan installments
produk kredit pensiunan Bank. loan products.
Perjanjian kerjasama Bank dengan
PT Pos Indonesia (Persero) diperbaharui PT Pos Indonesia (Persero) is renewed regularly
546 secara berkala dan berdasarkan perjanjian and based on the latest agreement, the
terakhir kerjasama ini akan terus berlangsung cooperation will be continuing until July 2022. In
sampai dengan bulan Juli 2022. Pada tahun 2020 and 2019, the Bank paid commissions to
2020 dan 2019, Bank membayarkan komisi PT Pos Indonesia (Persero) amounting to
kepada PT Pos Indonesia (Persero) masing- Rp 90,807 and Rp 97,613, respectively, in

masing sebesar Rp 90.807 dan Rp 97.613, regards for this cooperation.
terkait dengan kerjasama ini.
c. Perjanjian pembiayaan bersama c. Joint financing agreements
PT Home Credit Indonesia PT Home Credit Indonesia
Pada bulan Juni 2014, Bank melakukan In June 2014, the Bank entered into a joint
kerjasama pembiayaan bersama (tanpa tanggung financing arrangement (without recourse) with
renteng) dengan PT Home Credit Indonesia
Berdasarkan perjanjian kerjasama ini, agreement, the amount of funds to be financed
porsi fasilitas pembiayaan yang akan diberikan by each party will be a maximum of 90% from the
untuk debitur adalah maksimum 90% dari Bank Bank and a minimum of 10% from HCI.
dan minimum 10% dari pihak HCI.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the
Bank menyediakan fasilitas pembiayaan Bank provided joint financing facilities of
bersama sebesar Rp 4.200.000. Rp.4,200,000.
PT Finansia Multi Finance PT Finansia Multi Finance
Pada bulan Desember 2018, Bank melakukan In December 2018, the Bank entered into a joint
kerjasama pembiayaan bersama (tanpa financing arrangement (without recourse) with
tanggung renteng) dengan PT Finansia Multi PT
kerjasama ini, on the agreement, the amount of funds to be
porsi fasilitas pembiayaan yang akan diberikan financed by each party will be a maximum of
adalah maksimum 90% dari Bank dan minimum 90% from the Bank and minimum of 10% from
10% dari pihak Finansia. Fasilitas maksimum Finansia. The maximum joint financing facility is
pembiayaan bersama adalah sebesar amounted to Rp 500,000. The term of the
Rp 500.000. Jangka waktu perjanjian adalah agreement is for 3 (three) years, from
untuk 3 (tiga) tahun, terhitung mulai tanggal 13 December 2018 to 13 December 2021.
13 Desember 2018 hingga 13 Desember 2021.
186
PT BANK BTPN Tbk
KOMITMEN YANG SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
d. Perjanjian Kerjasama Jasa Pemasaran dan d. Marketing and Administration Services for
Administrasi Produk BTPN BTPN Product Agreement
PT Oto Multiartha PT Oto Multiartha
Pada bulan Agustus 2015, Bank melakukan In August 2015, the Bank entered into agreement
Dalam kerjasama ini, OMA akan membantu agreement, OMA would assist to market and
memasarkan dan mengadministrasi produk
pinjaman Bank. Seluruh sumber dana pinjaman funds for the loans will come from the Bank.
berasal dari Bank. Perjanjian akan direviu Agreement will be reviewed every year, starting
setiap tahun, terhitung mulai tanggal from 31 August 2015.
31 Agustus 2015.
Untuk tahun yang berakhir pada tanggal For the years ended 31 December 2020 and
31 Desember 2020 dan 2019, imbalan yang 2019, the fees that were paid to OMA were
dibayarkan kepada OMA masing-masing Rp 14,494 and Rp 20,617, respectively.
sebesar Rp 14.494 dan Rp 20.617.
PT Summit Oto Finance PT Summit Oto Finance 547

Pada bulan Agustus 2015, Bank melakukan In August 2015, the Bank entered into agreement

kerjasama dengan PT Summit Oto Finance with PT Summ
the agreement, SOF would assist to market and
membantu memasarkan dan mengadministrasi
produk pinjaman Bank. Seluruh sumber dana funds for the loans will come from the Bank.
pinjaman berasal dari Bank. Perjanjian akan Agreement will be reviewed every 3 (three) years,
direviu setiap 3 (tiga) tahun, terhitung mulai starting from 4 May 2018.
tanggal 4 Mei 2018.
Untuk tahun yang berakhir pada tanggal For the years ended 31 December 2020 and
31 Desember 2020 dan 2019, imbalan yang 2019, the fees that were paid to SOF were
dibayarkan kepada SOF masing-masing Rp 10,439 and Rp 8,908, respectively.
sebesar Rp 10.439 dan Rp 8.908.
e. Perjanjian Kerjasama Bancassurance e. Bancassurance Agreement
Pada bulan Agustus 2014, Bank melakukan In August 2014, the Bank entered into
kerjasama bancassurance dengan a bancassurance agreement with PT Asuransi
Bank akan mendistribusikan produk-produk distribute life insurance products of Allianz to its
asuransi jiwa dari Allianz kepada nasabah Bank on
melalui seluruh jalur distribusi Bank. Perjanjian channels. The agreement is effective for
ini berlaku selama 10 tahun. 10 years.
187
PT BANK BTPN Tbk

KOMITMEN YANG SIGNIFIKAN (lanjutan) COMMITMENTS (continued)
f. Komitmen signifikan lainnya f. Other significant commitment
Bank menyewa kantor dengan perjanjian sewa The Bank leases offices under non-cancellable
yang tidak dapat dibatalkan. Masa sewa lease agreements. The lease terms are between
antara lima dan sebelas tahun dengan five and eleven years, and the majority of lease
mayoritas perjanjian jasa dapat diperbarui agreements are renewable at the end of the
pada akhir periode dengan harga pasar. Bank lease period at the market rate. The Bank is
diharuskan memberitahukan enam bulan lebih required to give a six-month notice for the
awal apabila berniat mengakhiri perjanjian termination of these agreements. The expenses
sewa. Beban terkait transaksi sewa yang related with lease transactions charged to the
dibebankan pada laba rugi selama tahun profit or loss during the year was disclosed in
berjalan diungkapkan dalam Catatan 34. Note 34.
Berikut ini adalah pihak-pihak yang
mengadakan perjanjian sewa dengan Bank: lease commitments:
Pihak dalam perjanjian/ Item yang disewa/ Periode perjanjian/
Counterparties Leased items Period of agreement
PT Wiratara Prima Ruang Kantor/Office Space 8 Juni/June 2020

PT Bumi Serpong Damai Ruang Kantor/Office Space 1 Februari/February 2020
548 1 September/September 2023
PT Bahana Semesta Citra Ruang Kantor/Office Space 5 Oktober/October 2015
Nusantara 14 Maret/March 2027
Jumlah pembayaran sewa minimum di masa The future aggregate minimum lease payments
depan dalam perjanjian sewa operasi yang under non-cancellable operating leases were as
tidak dapat dibatalkan adalah sebagai berikut: follows:
2020 2019

597,993 667,632
42. MANAJEMEN RISIKO KEUANGAN

d
42. FINANCIAL RISK MANAGEMENT

Kerangka manajemen risiko Risk management framework
Bank mengutamakan penerapan manajemen risiko The Bank focuses on the risk management
baik pada Bank dan Entitas Anak. Bank memiliki implementation for the Bank and Subsidiary. The
segmen yang lengkap mulai dari segmen pinjaman Bank has complete segments starting from loans
dengan plafond kecil di BTPN Syariah (Entitas with small limit at BTPN Syariah (Subsidiary),
Anak), Pensiun, MUR (mikro), SME, Komersial Pension, MUR (micro), SME, Commercial up to
sampai dengan Korporasi. Dalam hal konsentrasi Corporate segment. In term of portfolio
portofolio, segmen Korporasi menjadi portofolio concentration, Corporate segment is the largest
terbesar yaitu di kisaran 58% pada posisi portfolio at around 58% as of
31 Desember 2020 diikuti oleh segmen Pensiunan 31 December 2020 followed by Pensioners segment
di kisaran 23%. at around 23%.
Pengembangan manajemen risiko keuangan di Financial risk management development in the Bank
Bank dan Entitas Anak berpedoman pada peraturan and Subsidiary is guided by OJK regulations which
OJK yang mengatur penerapan manajemen risiko govern risk management implementation by
bagi bank umum serta dokumentasi Basel Accord II commercial banks operating in Indonesia, as well as
yang diterbitkan oleh Basel Committee of Banking Basel Accord II documentation issued by the Basel
Supervision. Committee of Banking Supervision.
188
PT BANK BTPN Tbk
42. MANAJEMEN RISIKO KEUANGAN (lanjutan) 42. FINANCIAL RISK MANAGEMENT (continued)
Kerangka manajemen risiko (lanjutan) Risk management framework (continued)
Kerangka manajemen risiko Bank dan Entitas Anak The Bank and Subsidiary risk management
diimplementasikan melalui kebijakan-kebijakan, framework is implemented through policies,
prosedur, limit-limit transaksi dan kewenangan, procedures, transactions and authorisation limits,
toleransi risiko serta perangkat manajemen risiko. risk tolerance as well as risk management tools. The
Bank dan Entitas Anak melakukan pengembangan Bank and Subsidiary carry out continuous risk
manajemen risiko secara berkesinambungan sesuai management development in line with the increasing
dengan meningkatnya kompleksitas bisnis dan business complexity and the development
perkembangan organisasi, strategi dan manajemen organisation, strategies and management
sistem informasi. information systems.
Penerapan manajemen risiko mencakup: Implementation of risk management covers:
- Pengawasan aktif Dewan Komisaris dan Direksi - Active supervision from Board of
- Kecukupan kebijakan, prosedur dan penetapan Commissioners and Board of Directors
limit - Sufficient policies, procedures and limit sets
- Kecukupan proses identifikasi, pengukuran, - Sufficient process of identification,
pemantauan dan pengendalian risiko serta measurement, risk oversight and control and
sistem informasi manajemen risiko risk management information
- Pengendalian internal yang menyeluruh - Overall internal control system
549
Organisasi manajemen risiko Bank dan Entitas The risk management organisation of the Bank and
Anak melibatkan pengawasan dari Dewan Subsidiary involves the oversight from the Board of
Komisaris dan Direksi. Bank dan Entitas Anak telah Commissioners and Board of Directors. The Bank

membentuk Komite Pemantauan Risiko sebagai and Subsidiary have established Risk Monitoring
pengawas tertinggi di tingkat komisaris dan Komite Committee as the highest risk authority in the
Manajemen Risiko di tingkat direktur yang commissioner level and Risk Management
merupakan bagian yang sangat penting dalam Committee at the director level, which constitutes a
pengendalian risiko, sebagai unit kontrol yang crucial element in risk control, as a control unit to
memantau seluruh risiko yang terdapat pada monitor all of the risks in the Bank and Subsidiary
kegiatan operasional Bank dan Entitas Anak. operating activities.
Sejalan dengan ketentuan OJK terkait dengan In line with the prevailing OJK regulation regarding
manajemen risiko terintegrasi, setelah proses integrated risk management, after the merger, the
penggabungan, Bank ditunjuk oleh pemegang Bank is appointed by majority shareholders as the
saham mayoritas sebagai Entitas Utama Primary Entity of SMBC Financial Conglomerate and
Konglomerasi Keuangan SMBC dengan Entitas Subsidiary as a member in conducting integrated
Anak sebagai anggota dalam melakukan penerapan risk
manajemen risiko terintegrasi. Dengan menjadi Management Director became the leader of the
Entitas Utama, maka Direktur Manajemen Risiko Integrated Risk Management Committee.
Bank menjadi Pimpinan dari Komite Manajemen
Risiko Terintegrasi.
Komite Audit Bank memiliki tanggung jawab untuk The Bank Audit Committee is responsible for
memantau kepatuhan terhadap kebijakan dan monitoring compliance with risk management
prosedur manajemen risiko dan untuk menelaah policies and procedures and for reviewing the
kecukupan kerangka manajemen risiko yang terkait adequacy of the risk management framework in
dengan risiko-risiko yang dihadapi oleh Bank. relation to the risks faced by the Bank. In performing
Dalam menjalankan fungsinya ini, Komite Audit the role, the Audit Committee is assisted by Internal
dibantu oleh Divisi Internal Audit. Audit Division.
Risiko yang timbul dari instrumen keuangan Bank The risks arising from
dan Entitas Anak adalah risiko keuangan, termasuk financial instruments are financial risks, which
diantaranya adalah risiko kredit dan pembiayaan, include credit and financing risk, liquidity risk, market
risiko likuiditas, risiko pasar dan risiko operasional. risk and operational risk.
189
PT BANK BTPN Tbk

(Kerangka manajemen risiko (lanjutan) (Risk management framework (continued)
Entitas Anak telah menerapkan manajemen risiko, Subsidiary has implemented risk management,
antara lain dengan membentuk unit risiko pada among others by establishing a risk unit in
Entitas Anak. Manajemen risiko pada Entitas Anak Subsidiary. Risk management in Subsidiary is
secara operasional dilakukan terpisah dari unit operating separately from the business unit and
bisnis dan menjalankan fungsinya secara conducting its function independently. To support
independen. Untuk mendukung penerapan the implementation of risk management, the
manajemen risiko, pada struktur organisasi Entitas Subsidiary has established Audit Committee in their
Anak juga dibentuk Komite Audit yang memiliki organisational structure, which has responsibility to
tanggung jawab untuk memantau kepatuhan monitor the compliance of risk management policies
terhadap kebijakan dan prosedur manajemen risiko and procedures on a regular basis, and to analyse
secara berkala, dan untuk menelaah kecukupan the adequacy of risk management framework which
kerangka manajemen risiko yang terkait dengan related to the risks faced by the Subsidiary.
risiko-risiko yang dihadapi oleh Entitas Anak.
Disamping itu, Dewan Komisaris dan Direksi pada In addition, the Board of
Entitas Anak secara aktif juga melakukan Commissioners and Board of Directors actively
pemantauan, dan evaluasi terhadap pengendalian monitor and evaluate the internal controls, through
internal melalui laporan-laporan untuk digunakan the reports, as a basis in formulating and
550 sebagai dasar untuk merumuskan dan developing appropriate policies for the Subsidiary.
mengembangkan kebijakan yang tepat pada Entitas
Anak.
Bank selaku Entitas Induk telah menerapkan As the Parent Entity, the Bank has implemented
manajemen risiko konsolidasian sesuai ketentuan consolidated risk management in accordance with
OJK. Penerapan manajemen risiko konsolidasian OJK regulation. The Implementation of
antara lain mencakup laporan perhitungan consolidated risk management among others
Kecukupan Penyediaan Modal Minimum (KPMM) include report of consolidated minimum Capital
konsolidasian, Batas Maksimum Pemberian Kredit Adequacy Ratio (CAR), Legal Lending Limit (LLL),
(BMPK) konsolidasian, laporan Profil Risiko risk profile, Risk-Based Bank Rating and Internal
konsolidasian, Tingkat Kesehatan Bank (Risk- Capital Adequacy Assessment Process (ICAAP).
Based Bank Rating) konsolidasian dan Internal
Capital Adequacy Assessment Process (ICAAP)
konsolidasian.
Risiko kredit Credit risk
Risiko kredit adalah risiko kerugian keuangan yang Credit risk is the risk of financial loss, should any of
timbul jika nasabah, klien atau rekanan Bank dan the Bank and Subsidiary customers, clients or
Entitas Anak gagal memenuhi kewajiban counterparties fail to fulfill their contractual
kontraktualnya kepada Bank dan Entitas Anak. obligations to the Bank and Subsidiary. Credit risk
Risiko kredit terutama berasal dari pinjaman yang arises mainly from loans and sharia
diberikan dan pembiayaan/piutang syariah. financing/receivables.
Bank juga terekspos risiko kredit yang muncul dari The Bank is also exposed to credit risks arising from
investasi pada surat berharga utang (efek-efek). investment in debt securities (securities).
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Risiko kredit (lanjutan) Credit risk (continued)
(i) Manajemen risiko kredit (i) Credit risk management
Bank melakukan kaji ulang atas kebijakan kredit The Bank reviews the credit policies
secara periodik terutama jika terdapat periodically, especially if there are any
perubahan kondisi perekonomian, perubahan changes in market conditions, changes in
peraturan dan/atau pendekatan bisnis. regulations and/or business approach.
Batas pemberian kredit ditetapkan dan ditelaah Lending limits are set and reviewed in the light
mengikuti perubahan pada kondisi pasar dan of changing market and economic conditions.
ekonomi. Penelaahan kredit secara periodik Periodic credit reviews and assessments of
dan penilaian atas kemungkinan wanprestasi probability of default are also conducted.
juga dilakukan. Proses persetujuan kredit Credit approval is processed by credit
dilakukan melalui komite kredit dan committee and credit authority as determined.
kewenangan kredit sebagaimana ditetapkan.
Bank dan Entitas Anak mengelola dan The Bank and Subsidiary actively manage and
mengawasi secara aktif kualitas portofolio monitor the loan portfolio quality by improving
pinjaman yang diberikan dengan cara credit and financing risk management policies 551
meningkatkan kebijakan manajemen risiko effectively, improving procedures and systems
kredit dan pembiayaan secara efektif, development.
penyempurnaan prosedur dan pengembangan

sistem.
Sistem Informasi Manajemen telah tersedia dan Management Information Systems (MIS) are
akan terus dikembangkan serta telah in place and continously developed and have
mencakup tingkat yang cukup rinci untuk covered sufficient level of detail to detect any
mendeteksi setiap perkembangan yang kurang adverse development at an early stage,
baik sedini mungkin sehingga memungkinkan allowing timely measurement to be taken to
dilakukannya tindakan yang tepat waktu untuk counteract any possible deterioration in credit
mengatasi kemungkinan penurunan kualitas quality or to minimise credit losses.
kredit atau untuk meminimalisasi kerugian
kredit.
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(i) Manajemen risiko kredit (lanjutan) (i) Credit risk management (continued)
Manajemen risiko kredit atas pandemi Credit risk management in COVID-19

COVID-19 pandemic
Merebaknya pandemi COVID-19 berdampak The outbreak of the COVID-19 pandemic has
pada kemampuan membayar kembali oleh had an impact on the ability to repay debtors.
debitur. Dampak keuangan langsung dari Immediate financial impact of the outbreak on
wabah tersebut bagi industri perbankan the banking industry is an increase in ECL,
adalah peningkatan ECL, yang disebabkan driven by increase in credit risk of the
oleh peningkatan risiko kredit dan penurunan customers and deterioration of loan quality.
kualitas pinjaman.
Bank telah melakukan upaya penanganan The Bank has made an effort to handle this
dalam menjaga stabilitas dan mitigasi dampak issue to maintain stability and to mitigate
dari pandemi tersebut antara lain: impact of pandemic as follows:
1. Bank telah membuat kebijakan dalam 1. The Bank has prepared the policy in
penerapan restrukturisasi untuk debitur- implementing restructuring for debtors
552 debitur yang terdampak COVID-19 sesuai who affected by COVID-19 in accordance
dengan ketentuan OJK. with OJK regulations.
2. Bank memberikan relaksasi atau 2. The Bank provides relaxation or credit

restrukturisasi kredit di seluruh segmen restructuring for debtors in all segments
terhadap debitur-debitur yang mengalami who have experienced the impact of the
dampak penyebaran COVID-19 sesuai spread of COVID-19 in accordance with
dengan POJK No. 11/POJK.03/2020 POJK No. 11/POJK.03/2020 concerning
tentang Stimulus Perekonomian Nasional National Economic Stimulus as a
sebagai Kebijakan Countercyclical Countercyclical Policy on the Impact of
Dampak Penyebaran Corona Virus the Corona Virus Disease 2019 Spread
Disease 2019 (Catatan 11o). (Note 11o).
3. Bank juga fokus pada kualitas portofolio 3. The Bank also focuses on portfolio quality
melalui pemilihan pencairan yang hati- through prudent selection of
hati dan aktivitas pemeliharaan hubungan disbursement and actively maintaining
pelanggan yang aktif. the relationship with customers.
4. Bank telah membuat kebijakan dalam 4. The Bank has made policies to support
mendukung program Pemulihan Ekonomi the National Economic Recovery program
Nasional (PEN) yang dirilis oleh released by the Government through a
Pemerintah melalui program penjaminan credit guarantee program and interest
kredit dan subsidi bunga kepada debitur subsidies for micro, small and medium
usaha mikro, usaha kecil dan usaha enterprise (MSME) borrowers according
menengah (UMKM) sesuai kriteria yang to the criteria set by the government.The
ditetapkan pemerintah. Bank telah Bank has signed an Collective Agreement
menandatangani Perjanjian Kerjasama with PT Jaminan Kredit Indonesia
dengan PT Jaminan Kredit Indonesia (Jamkrindo); however, as of 31 December
(Jamkrindo); namun pada tanggal 2020 the Bank has not registered any
31 Desember 2020 Bank belum loans for the insurance with Jamkrindo.
mendaftarkan pinjaman untuk
diasuransikan pada Jamkrindo.
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Manajemen risiko kredit atas pandemi Credit risk management in COVID-19

COVID-19 (lanjutan) pandemic (continued)
Bank membentuk cadangan kerugian The Bank recognised higher allowance for
penurunan nilai pinjaman yang diberikan yang impairment losses on loans due to increase
lebih tinggi karena meningkatnya risiko kredit in credit risk following COVID-19 pandemic
karena pandemi COVID-19 (Catatan 11g). (Note 11g). Moreover, in respond to
Selain itu, sebagai respon terhadap uncertain economic and business conditions,
ketidakpastian keadaan ekonomi dan usaha, the Bank has updated its macroeconomic
Bank melakukan pengkinian data variabel variable projections data (model parameter)
makroekonomi (model parameter) yang used in the forward looking model, which
digunakan dalam model forward-looking, yang becoming worse than before, and increased
menjadi memburuk dari sebelumnya, dan the allowance for impairment losses of loans
menyebabkan kenaikan cadangan kerugian by Rp 262,197 (Notes 11g).
penurunan nilai pinjaman yang diberikan
sebesar Rp 262.197 (Catatan 11g).
Demikian halnya dengan Entitas Anak, dalam As well as with the Subsidiary, during the 553
masa pandemi, Entitas Anak membantu pandemic period, Subsidiary supports
nasabah yang usahanya terdampak pandemi customers whose business impacted by the
COVID-19, melalui program relaksasi sesuai

COVID-19 pandemic with relaxation
POJK No. 11/POJK.03/2020. Entitas Anak program, in accordance to POJK
juga berpartisipasi dalam program Pemulihan No. 11//POJK.03/2020. The Subsidiary also
Ekonomi Nasional sesuai dengan kebijakan participates in National Economic Recovery
pemerintah untuk membantu segmen usaha program as imposed by the government to
mikro yang terdampak.
support micro business segment impacted
by the pandemic.
Entitas Anak membentuk cadangan kerugian The Subsidiary recognised higher allowance
penurunan nilai piutang murabahah yang lebih for impairment losses on the murabahah
tinggi karena meningkatnya risiko kredit atas receivables due to increase in credit risk of
piutang murabahah tersebut. Entitas Anak the murabahah receivables. The Subsidiary
menggunakan metode vintage analysis untuk used vintage analysis method to determine
menentukan cadangan kerugian penurunan the allowance for impairment losses on
nilai dari nasabah yang telah direstrukturisasi. restructured murabahah receivables.
Dalam rangka implementasi Program In conjunction with the implementation of

Pemulihan Ekonomi Nasional (PEN) sesuai National Economic Recovery Program (PEN)
dengan Peraturan Menteri Keuangan in accordance with the Minister of Finance of
Republik Indonesia (PMK) No. Republic of Indonesia Regulation (PMK) No.
71/PMK.08/2020 tanggal 23 Juni 2020 tentang 71/PMK.08/2020 dated 23 June 2020
Tata Cara Penjaminan Pemerintah Melalui concerning Government Guarantee
Badan Usaha Penjaminan Yang Ditunjuk Procedures through Designated Guarantee
Dalam Rangka Pelaksanaan Program Company in conjunction with the
Pemulihan Ekonomi Nasional, Entitas Anak Implementation of National Economic
telah berpartisipasi dengan menjadi peserta Recovery Program, the Subsidiary has
penjaminan. Pada tanggal 31 Desember participated as guarantee participant. As of
2020, piutang murabahah sebesar 31 December 2020, murabahah receivables
Rp 2.649.104 telah dijamin oleh Badan Usaha amounting to Rp 2,649,104 were guaranteed
Penjaminan yang ditunjuk yaitu by the designated Guarantee Company
PT Penjaminan Jamkrindo Syariah dan which are PT Penjaminan Jamkrindo Syariah
PT Jaminan Pembiayaan Askrindo Syariah. and PT Jaminan Pembiayaan Askrindo
Syariah.
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Agunan Collaterals
Bank menerapkan berbagai kebijakan dan The Bank employs a range of policies and
praktik untuk memitigasi risiko kredit, Bank practices to mitigate credit risk. The Bank
menerapkan berbagai panduan atas jenis-jenis implements guidelines on the acceptability of
agunan yang dapat diterima dalam rangka specific classes of collateral to mitigate credit
memitigasi risiko kredit. Jenis-jenis agunan atas risk. The collateral types for loans are as
pinjaman yang diberikan antara lain adalah: follows:
Kas/Deposito Cash/Time deposits
Tanah dan/atau Bangunan Land and/or Building
Kendaraan Vehicles
Mesin Machine
Persediaan Inventory
Piutang Account receivables
554 Untuk kredit korporasi, Bank mendapatkan For corporate loans, the Bank received
jaminan dalam bentuk standby letters of credit collateral in the form of standby letters of credit
dari bank afiliasi untuk membatasi risiko kredit from controlling
bank. Bank juga menyediakan bank garansi
risk. The Bank also provides bank guarantee to

kepada nasabahnya yang mengharuskan Bank its customers which requires the Bank to make
melakukan pembayaran untuk kepentingan payments for their interests. This causes the
mereka. Hal ini menyebabkan Bank Bank to face the same risks as the loans
menghadapi risiko yang sama dengan kredit granted and these risks are also mitigated by
yang diberikan dan risiko tersebut juga the same procedures and policies.
dimitigasi dengan prosedur dan kebijakan yang
sama.
Selain agunan yang disebutkan di atas, agunan In addition to the collateral mentioned above,
yang diterima untuk kredit korporasi terutama collaterals for corporate loans mainly consists of
terdiri dari jaminan yang diterima dari guarantees received from the parent company
perusahaan induk debitur, penjaminan kredit of the debtor, corporate credit guarantees and
korporasi dan entitas publik lainnya, lembaga other public entities, financial institutions and
keuangan dan perusahaan lain serta jaminan other companies as well as collateral in the form
berupa efek-efek. of securities.
Porsi kredit yang diberikan yang mendapatkan The portion of loans that benefit from such
manfaat dari agunan, baik sebagian maupun partial or full collateralisation as credit risk
penuh, sebagai mitigasi dari risiko kredit pada mitigation as of 31 December 2020 and 2019
tanggal 31 Desember 2020 dan 2019 masing- were 46.57% and 41.02% of total outstanding
masing sebesar 46,57% dan 41,02% dari loans, respectively.
jumlah kredit yang diberikan.
(ii) Eksposur maksimum risiko kredit (tanpa (ii) Maximum exposure to credit risk (without
memperhitungkan agunan dan perlindungan taking into account collateral held or other
kredit lainnya) credit enhancements)
Untuk aset keuangan yang diakui di laporan For financial assets recognised in the
posisi keuangan konsolidasian, eksposur consolidated statement of financial position, the
maksimum terhadap risiko kredit sama dengan maximum exposure to credit risk is equal to its
nilai tercatatnya. Untuk bank garansi dan carrying value. For bank guarantees and
irrevocable L/C yang diterbitkan, eksposur irrevocable L/C issued, maximum exposure to
maksimum terhadap risiko kredit adalah nilai credit risk is the value that must be paid by the
yang harus dibayarkan oleh Bank jika Bank if the liabilities on the bank guarantee and
kewajiban atas bank garansi dan irrevocable irrevocable L/C issued has been occured. For
L/C yang diterbitkan terjadi. Untuk komitmen credit commitments, the maximum exposure to
kredit, eksposur maksimum atas risiko kredit credit risk is equal to the amount of committed
adalah sebesar jumlah komitmen fasilitas kredit credit facilities that have not been used by
(committed) yang belum digunakan oleh customers.
nasabah.
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PT BANK BTPN Tbk
(ii) Eksposur maksimum risiko kredit (tanpa (ii) Maximum exposure to credit risk (without
memperhitungkan agunan dan perlindungan taking into account collateral held or other
kredit lainnya) (lanjutan) credit enhancements) (continued)
Tabel berikut menyajikan eksposur maksimum The following table presents the Bank and
Bank dan Entitas Anak terhadap risiko kredit maximum exposure to credit risk of
untuk instrumen keuangan pada laporan posisi financial instruments in the consolidated
keuangan konsolidasian dan rekening statement of financial position and off-balance
administratif, tanpa memperhitungkan agunan sheet accounts, without taking into account any
yang dimiliki atau perlindungan kredit lainnya: collateral held or other credit enhancements:
2020 2019
Giro pada Bank Indonesia 5,616,968 8,987,079 Current accounts with Bank Indonesia
Giro pada bank-bank lain 896,071 1,056,904 Current accounts with other banks
Penempatan pada Bank Indonesia dan Placements with Bank Indonesia and
bank-bank lain 17,004,339 8,914,104 other banks
555
Efek-efek 15,020,263 10,702,851 Securities
Tagihan derivatif 917,082 840,372 Derivative receivables

Pinjaman yang diberikan dan Loans and sharia financing/
pembiayaan/piutang syariah - bersih receivables - net
- Korporasi 77,979,291 75,516,713 Corporates -
- Pensiunan 31,096,292 33,906,446 Pensioners -
- Usaha Mikro Kecil dan Menengah Micro Small and Medium -
( UMKM ) 12,161,412 14,993,462 Enterprises ("MSME")
- Pembiayaan/piutang syariah 8,673,375 8,707,455 Sharia financing/receivables -
- Lainnya 2,879,924 7,168,908 Others -
- Pendapatan bunga/marjin yang
masih akan diterima 679,556 827,359 Accrued interest/margin income -
Tagihan akseptasi 1,484,940 1,692,391 Acceptance receivables
Penyertaan saham 22,522 22,522 Investment in shares
Aset lain-lain 267,874 177,188 Other assets
174,699,909 173,513,754
Komitmen dan kontinjensi dengan Commitments and contingencies with
risiko kredit: credit risk:
Garansi yang diberikan 7,421,593 8,924,578 Guarantees provided
Fasilitas kredit kepada nasabah yang Unused credit facilities to customers -
belum digunakan - committed 14,012,398 8,433,080 committed
dibatalkan 616,302 925,174 Irrevocable letters of credit
(iii) Konsentrasi risiko aset keuangan dengan (iii) Concentration of risks of financial assets with
eksposur risiko kredit credit risk exposure
Bank dan Entitas Anak mengelola dan The Bank and Subsidiary manage and control
mengendalikan konsentrasi risiko kredit concentrations of credit risk wherever they are
dimanapun risiko tersebut teridentifikasi - identified - in particular, to individual and group
secara khusus, terhadap debitur individu dan counterparties, and to industries and
kelompok, dan industri serta sektor geografis. geographical sectors.
Bank dan Entitas Anak menentukan tingkat The Bank and Subsidiary structure the levels of
risiko kredit dan pembiayaan yang dimiliki credit and financing risk it undertakes by placing
dengan menetapkan batas jumlah risiko yang limits on the amount of risk accepted in relation
bisa diterima yang terkait dengan satu debitur to one or group borrowers.
atau kelompok debitur.
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eksposur risiko kredit (lanjutan) credit risk exposure (continued)
Konsentrasi risiko kredit berdasarkan sektor Credit risk concentration by geographical

geografis adalah sebagai berikut: sectors was as follows:
Bali dan/and Kalimantan
Nusa dan/and Jumlah/
Jawa* Sumatera Tenggara Sulawesi Total
Current accounts with Bank
Giro pada Bank Indonesia 5,616,968 - - - 5,616,968 Indonesia
Current accounts with other
Giro pada bank-bank lain 894,168 1,023 720 160 896,071 banks
Penempatan pada Bank Indonesia Placements with Bank
dan bank-bank lain 17,004,339 - - - 17,004,339 Indonesia and other banks
Efek-efek 15,020,263 - - - 15,020,263 Securities
Tagihan derivatif 917,082 - - - 917,082 Derivative receivables
556 pembiayaan/piutang syariah -

bersih 111,231,337 10,562,621 2,729,575 8,946,317 133,469,850
Loans and sharia financing/
receivables - net
Tagihan akseptasi 1,484,940 - - - 1,484,940 Acceptance receivables
Penyertaan saham 22,500 14 - 8 22,522 Investment in shares
Aset lain-lain 266,992 396 59 427 267,874 Other assets
152,458,589 10,564,054 2,730,354 8,946,912 174,699,909
Komitmen dan kontinjensi dengan Commitments and contingencies

risiko kredit: with credit risk:
Garansi yang diterbitkan 7,421,593 - - - 7,421,593 Guarantees issued
belum digunakan - committed 14,012,398 - - - 14,012,398 customers - committed
dibatalkan 616,302 - - - 616,302 Irrevocable letters of credit
*) Termasuk Kantor Pusat *) Including Head Office.
Bali dan/and Kalimantan
Nusa dan/and Jumlah/
Jawa* Sumatera Tenggara Sulawesi Total
Giro pada Bank Indonesia 8,987,079 - - - 8,987,079 Indonesia
Current accounts with other
Giro pada bank-bank lain 1,055,377 1,214 100 213 1,056,904 banks
Penempatan pada Bank Indonesia Placements with Bank
dan bank-bank lain 8,914,104 - - - 8,914,104 Indonesia and other banks
Efek-efek 10,702,851 - - - 10,702,851 Securities
Tagihan derivatif 840,372 - - - 840,372 Derivative receivables
pembiayaan/piutang syariah - Loans and sharia financing/
bersih 116,335,218 11,981,511 2,947,684 9,855,930 141,120,343 receivables - net
Tagihan akseptasi 1,692,391 - - - 1,692,391 Acceptance receivables
Penyertaan saham 22,500 14 - 8 22,522 Investment in shares
Aset lain-lain 165,540 3,566 1,833 6,249 177,188 Other assets
148,715,432 11,986,305 2,949,617 9,862,400 173,513,754
Komitmen dan kontinjensi dengan Commitments and contingencies

risiko kredit: with credit risk:
Garansi yang diterbitkan 8,924,578 - - - 8,924,578 Guarantees issued
belum digunakan - committed 8,433,080 - - - 8,433,080 customers - committed
dibatalkan 925,174 - - - 925,174 Irrevocable letters of credit
*) Termasuk Kantor Pusat *) Including Head Office.
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eksposur risiko kredit (lanjutan) credit risk exposure (continued)
Konsentrasi risiko kredit berdasarkan sektor Credit risk concentration by industry sectors
industri adalah sebagai berikut: was as follows:
Lembaga
keuangan/ Jasa/
Pemerintah/ Financial Perdagangan/ Business Perindustrian/ Lain-lain/ Jumlah/
Government institution Trading services Manufacturing Others Total
Giro pada Bank Current accounts with

Indonesia 5,616,968 - - - - - 5,616,968 Bank Indonesia
Current accounts with
Giro pada bank-bank lain - 896,071 - - - - 896,071 other banks
Penempatan pada Bank Placements with Bank
Indonesia dan bank- Indonesia and other
bank lain 17,004,339 - - - - - 17,004,339 banks
Efek-efek 13,539,029 1,481,234 - - - - 15,020,263 Securities
Tagihan derivatif - 917,082 - - - - 917,082 Derivative receivables
Pinjaman yang diberikan
dan pembiayaan/ Loans and sharia
piutang syariah - financing/receivables -
bersih - 18,961,187 22,052,471 18,779,486 233,104 73,443,602 133,469,850 net
Tagihan akseptasi - - 1,484,940 - - - 1,484,940 Acceptance receivables
Penyertaan saham - 22,522 - - - - 22,522 Investment in shares
Aset lain-lain 4,022
36,164,358
14,809
22,292,905
15
23,537,426
-
18,779,486
-
233,104
249,028
73,692,630
267,874
174,699,909
Other assets
557
Komitmen dan kontinjensi Commitments and contingencies
dengan risiko kredit: with credit risk:

Garansi yang diterbitkan - - 7,421,593 - - - 7,421,593 Guarantees issued
Fasilitas kredit kepada Unused credit facilities
nasabah yang belum to customers -
digunakan - committed - - 1,441,808 1,094,125 2,591,641 8,884,824 14,012,398 committed
Letters of credit yang Irrevocable letters of
tidak dapat dibatalkan - - 616,302 - - - 616,302 credit
Lembaga
keuangan/ Jasa/
Pemerintah/ Financial Perdagangan/ Business Perindustrian/ Lain-lain/ Jumlah/
Government institution Trading services Manufacturing Others Total

Indonesia 8,987,079 - - - - - 8,987,079 Bank Indonesia
Giro pada bank-bank lain - 1,056,904 - - - - 1,056,904 other banks
bank lain 8,664,070 250,034 - - - - 8,914,104 banks
Efek-efek 9,334,690 1,368,161 - - - - 10,702,851 Securities
Tagihan derivatif - 840,372 - - - - 840,372 Derivative receivables
Pinjaman yang diberikan
dan pembiayaan/ Loans and sharia
piutang syariah - financing/receivables -
bersih - 18,893,600 21,376,687 21,160,585 332,010 79,357,461 141,120,343 net
Tagihan akseptasi - - 1,692,391 - - - 1,692,391 Acceptance receivables
Penyertaan saham - 22,522 - - - - 22,522 Investment in shares
Aset lain-lain - 16,693 - - - 160,495 177,188 Other assets
26,985,839 22,448,286 23,069,078 21,160,585 332,010 79,517,956 173,513,754
Komitmen dan kontinjensi Commitments and contingencies

dengan risiko kredit: with credit risk:
Garansi yang diterbitkan - - 8,924,578 - - - 8,924,578 Guarantees issued
Fasilitas kredit kepada Unused credit facilities
nasabah yang belum to customers -
digunakan - committed - 2,069,413 709,869 1,648,598 905,056 3,100,144 8,433,080 committed
Letters of credit yang Irrevocable letters of
tidak dapat dibatalkan - - 925,174 - - - 925,174 credit
Konsentrasi risiko kredit berdasarkan jenis The credit risk concentration by type of credit or
kredit atau pembiayaan, mata uang, sektor financing, currency, economic sector and
ekonomi dan hubungan dengan debitur relationship with debtors is disclosed in
diungkapkan pada Catatan 11. Note 11.
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(iv) Kualitas kredit aset keuangan (iv) Credit quality of financial assets
Proses penentuan kualitas kredit Bank Process of determining the Bank
mengacu pada kolektibilitas sesuai peraturan refers to collectibility in accordance with the
OJK. OJK regulations.
Segmen korporasi Corporate segment

Untuk segmen korporasi, kualitas kredit dikelola For corporate segment, the quality of credit is
oleh Bank dengan menggunakan peringkat managed by the Bank using internal credit
kredit internal. Bank menentukan peringkat ratings. The Bank determines the rating of a
suatu debitur dengan terlebih dahulu debtor by first determining the financial grade
menetapkan peringkat keuangan (financial using a rating model from financial aspects and
grade) dengan menggunakan model peringkat data obtained from the debtor's financial
dari aspek keuangan dan data yang diperoleh statements, including net worth and cash flows.
dari laporan keuangan debitur, termasuk This financial grade is then adjusted by
kekayaan bersih dan arus kas. Peringkat considering the conditions of the debtor's
keuangan ini kemudian disesuaikan dengan financial position and qualitative factors to
mempertimbangkan kondisi dari posisi determine the grade of the debtor.
558 keuangan debitur dan faktor kualitatif untuk
menentukan peringkat debitur.
Faktor kualitatif terutama mencakup arus kas Qualitative factors mainly cover expected future
masa depan yang diharapkan dengan cash flows with considering some factors such
mempertimbangkan faktor-faktor seperti as historical loss information, conformity of the
informasi kerugian historis, kesesuaian debtor's business plan or operational
rencana bisnis debitur atau rencana perbaikan improvement plan, status of developments in
operasional, status perkembangan rencana the business plan and overall support from
bisnis dan dukungan menyeluruh dari lembaga financial institutions.
keuangan.
Selain prosedur peringkat di atas, dalam hal In addition of grading procedure above, in the
debitur dianggap sebagai anak perusahaan event that the debtor is considered as a
yang dikonsolidasi oleh induk perusahaan di subsidiary that is consolidated by a parent
luar negeri, peringkat debitur bisa ditentukan company abroad, the debtor's grading can be
dengan mengadopsi peringkat obligor determined by adopting an obligor grading
berdasarkan kualitas kredit induk perusahaan based on the quality of the parent loan or credit
atau peringkat kredit yang diberikan induk grading provided by the Bank's parent
perusahaan Bank terhadap induk perusahaan company. Debtor grading and facility grading
tersebut. Peringkat debitur dan peringkat are reviewed at least once a year, or if needed,
fasilitas ditelaah paling sedikit setahun sekali, when there are changes in credit.
atau bila diperlukan, ketika ada perubahan
kredit.
Peringkat internal untuk segmen korporasi Internal grading for corporate segment is
digolongkan sebagai berikut: categorized as follows:
Debitur Grading 1-3 memiliki kemampuan Grading 1-3 debtors have very strong
membayar kewajiban yang tinggi, ability to pay their obligations,
Debitur Grading 4-6 tidak mengalami Grading 4-6 debtors do not experience
kesulitan pembayaran kewajiban, namun difficulties to pay their obligations;
terdapat faktor bisnis atau ekonomi yang however, there are business or economy
dapat menyebabkan masalah dalam factors that may cause difficulties to pay
pembayaran kewajiban, the obligations,
Debitur Grading 7A dan 7B memerlukan Grading 7A and 7B debtors need special
pemantauan khusus karena bisnis yang observation as they experience
lesu/tidak stabil, atau masalah keuangan. sluggish/unstable business, or financial
issues.
Debitur Grading 7R atau lebih rendah Grading 7R or lower debtors represent
merupakan debitur yang telah mengalami debtors which are credit-impaired (default).
penurunan nilai (default).
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PT BANK BTPN Tbk
(iv) Kualitas kredit aset keuangan (lanjutan) (iv) Credit quality of financial assets (continued)
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the carrying
nilai tercatat aset keuangan berdasarkan amount of financial assets based on credit
kualitas kredit adalah sebagai berikut: quality was as follows:
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1* Stage 2 Stage 3 Sharia Total
Giro pada Bank Indonesia Current account with

Bank Indonesia
Tanpa peringkat 5,616,968) -) -) -) 5,616,968) Non-graded

Giro pada bank-bank lain other banks
Grade 1-3 523,521) -) -) -) 523,521) Grade 1-3
Tanpa peringkat 373,047) -) -) -) 373,047) Non-graded
896,568) -) -) -) 896,568)
559
Penempatan pada Bank Placement with Bank
Indonesia dan bank-bank Indonesia and other
lain banks

Grade 1-3 1,034,384) -) -) -) 1,034,384) Grade 1-3
Grade 4-6 55,839) -) -) -) 55,839) Grade 4-6
15,020,554) -) -) -) 15,020,554)

Belum jatuh tempo 917,082) -) -) -) 917,082) Not yet overdue
Pinjaman yang diberikan dan Loans and sharia

pembiayaan/piutang financing/
syariah: receivables:
Korporasi Corporates
Grade 1-3 60,384,710) 1,499,055) -) -) 61,883,765) Grade 1-3
Grade 4-6 10,067,330) 2,851,649) -) -) 12,918,979) Grade 4-6
Grade 7A-7B -) 2,919,936) -) -) 2,919,936) Grade 7A-7B
Default -) -) 919,984) -) 919,984) Default
70,452,040) 7,270,640) 919,984) -) 78,642,664)
Non-korporasi Non-corporates
Belum jatuh tempo 44,406,233) 1,234,049) 209,372) -) 45,849,654) Not yet overdue
Telah jatuh tempo Past due up to
sampai dengan 90 hari 573,420) 369,540) 53,120) -) 996,080) 90 days
Telah jatuh tempo Past due for
91-120 hari 5,588) 77,951) 131,517) -) 215,056) 91-120 days
Telah jatuh tempo Past due for
121-180 hari -) -) 158,235) -) 158,235) 121-180 days
Telah jatuh tempo Past due more
lebih dari 180 hari -) -) 828,064) -) 828,064) than 180 days
44,985,241) 1,681,540) 1,380,308) -) 48,047,089)
Dipindahkan 115,437,281) 8,952,180) 2,300,292) -) 126,689,753) Carry forward
*) Termasuk aset keuangan syariah dengan kualitas kredit lancar Include sharia financial assets with current credit quality *)
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PT BANK BTPN Tbk

nilai tercatat aset keuangan berdasarkan carrying amount of financial assets based on
kualitas kredit adalah sebagai berikut: credit quality was as follows: (continued)
(lanjutan)
Tahap 1/ Tahap 2/ Tahap 3/ Syariah/ Jumlah/
Stage 1* Stage 2 Stage 3 Sharia Total
Pinjaman yang diberikan dan Loans and sharia

pembiayaan/piutang financing/receivables
syariah (lanjutan): (continued):
Dipindahkan 115,437,281) 8,952,180) 2,300,292) -) 126,689,753) Carry forward
Syariah ) ) Sharia
560
Belum jatuh tempo -) -) -) 9,258,466) 9,258,466) Not yet overdue
Telah jatuh tempo tetapi ) ) Past due but not
tidak mengalami ) ) impaired for
penurunan nilai 1-30 hari -) -) -) 44,428) 44,428) 1-30 days

Telah jatuh tempo tetapi Past due but not
tidak mengalami impaired for
penurunan nilai 31-60 hari -) -) -) 23,973) 23,973) 31-60days
Telah jatuh tempo tetapi Past due but not
tidak mengalami ) ) impaired for
penurunan nilai 61-90 hari -) -) -) 13,914) 13,914) 61-90 days
Mengalami penurunan nilai -) -) -) 182,085) 182,085) Impaired
-) -) -) 9,522,866) 9,522,866)
Pendapatan bunga/marjin
yang masih akan Accrued interest/
diterima 542,651) 45,982) 3,175) 87,748) 679,556) margin income
115,979,932) 8,998,162) 2,303,467) 9,610,614) 136,892,175)

Grade 1-3 835,697) -) -) -) 835,697) Grade 1-3
Grade 4-6 298,023) 356,914) -) -) 654,937) Grade 4-6
1,133,720) 356,914) -) -) 1,490,634)
Penyertaan saham Investment in shares

Aset lain-lain Other assets

156,859,559) 9,355,076) 2,303,467) 9,610,614) 178,128,716)

penurunan nilai (643,157) (838,059) (1,098,101) (849,490) (3,428,807) impairment losses
156,216,402) 8,517,017) 1,205,366) 8,761,124) 174,699,909)
*) Termasuk aset keuangan syariah dengan kualitas kredit lancar Include sharia financial assets with current credit quality *)
Penjelasan mengenai Tahap 1, Tahap 2 dan The explanation of Stage 1, Stage 2 and
Tahap 3 dapat dilihat pada Catatan 2i. Stage 3 can be referred to Note 2i.
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PT BANK BTPN Tbk
nilai tercatat aset keuangan berdasarkan carrying amount of financial assets based on
kualitas kredit adalah sebagai berikut: credit quality was as follows: (continued)
(lanjutan)
Belum jatuh
tempo dan
tidak
mengalami Telah jatuh tempo
penurunan tetapi tidak mengalami Mengalami
nilai/Neither penurunan nilai/ penurunan
past due nor Past due but not nilai/ Jumlah/
impaired impaired Impaired Total
Giro pada Bank Indonesia 8,987,079 - - 8,987,079 Indonesia
Giro pada bank-bank lain 1,056,904 - - 1,056,904 Current accounts with other banks 561
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank-bank lain 8,914,104 - - 8,914,104 and other banks
Efek-efek 10,702,851 - - 10,702,851 Securities

Tagihan derivatif 840,372 - - 840,372 Derivative receivables
pembiayaan/piutang syariah Loans and sharia financing/
- bersih: receivables - net:
- Pihak ketiga Third parties -
Korporasi 73,650,198 -) 40,900 73,691,098 Corporates
Non-korporasi 62,962,709 1,349,981 971,747 65,284,437 Non-corporates
- Pihak berelasi Related parties -
Korporasi 2,136,091 - - 2,136,091 Corporates
Non-korporasi 8,717 - - 8,717 Non-corporates
Tagihan akseptasi 1,688,680 3,711 - 1,692,391 Acceptance receivables
Penyertaan saham 22,522 - - 22,522 Investment in shares
Aset lain-lain 177,188 - - 177,188 Other assets
171,147,415 1,353,692 1,012,647 173,513,754
Kualitas kredit Credit quality in

- Pinjaman/pembiayaan non-korporasi - Non-corporate loans/financing

-
Kategori pinjaman/pembiayaan yang Loans/financing that are categorised as
mengalami penurunan nilai adalah kredit impaired are loans that satisfy at least one of
yang minimum memenuhi salah satu kriteria the following criteria:
sebagai berikut:
a. Menunggak di atas 90 hari a. Days past due over 90 days
b. Kolektibilitas OJK 3, 4 dan 5. b. OJK grading 3, 4 and 5.
- Pinjaman korporasi - Corporate loans

Kategori pinjaman yang mengalami Loans that are categorised as impaired are
penurunan nilai adalah kredit yang diberikan loans from debtors with internal grading at
kepada debitur yang peringkat internal 7R or lower.
pinjamannya adalah sama dengan 7R atau
lebih rendah.
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PT BANK BTPN Tbk

Pada tanggal 31 Desember 2019, rincian The detail of credit quality of loans and sharia
kualitas kredit dan pembiayaan/piutang syariah financing/receivables that were neither past
yang diberikan December 2019
tidak mengalami penurunan nilai based on the Bank internal policy was as
berdasarkan ketentuan internal Bank adalah follows:
sebagai berikut:
Pernah
mengalami
keterlambatan
pembayaran/
Lancar/ Has an overdue Jumlah/
Current experience Total
562 Kredit dan pembiayaan/piutang Loans and sharia

syariah yang diberikan: financing/receivables:
Pensiunan 24,167,980) 9,081,820) 33,249,800) Pensioners
UMKM 11,736,023) 2,404,909) 14,140,932) MSME
Korporasi 75,499,669) -)) 75,499,669) Corporates

Syariah 8,713,045) 36,224) 8,749,269) )Sharia
Lainnya 3,470,353) 3,281,779) 6,752,132) Others
123,587,070) 14,804,732) 138,391,802)
Pendapatan bunga/marjin yang Accrued interest/margin

masih akan diterima 661,355) 112,406) 773,761) income
Cadangan kerugian penurunan Allowance for impairment
nilai (321,561) (86,287) (407,848) losses
123,926,864 14,830,851) 138,757,715)
Kualitas kredit dengan kategori neither past due nor

tempo dan category is as follows:
- Lancar - Current
Pinjaman dalam kategori ini memiliki Loans in this category are considered to
kemampuan yang sangat kuat untuk have very strong capacity to pay interest and
membayar bunga dan pokok pinjaman yang principal of loans, and sharia financing by
diberikan dan pembiayaan/ piutang syariah the Bank and Subsidiary, which consists of:
oleh Bank dan Entitas Anak, yang terdiri dari:
o Pinjaman non-korporasi o Non-corporate loans
Pinjaman dengan kondisi kolektibilitas L grading at the
tanggal pelaporan. reporting date.
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PT BANK BTPN Tbk
o Pinjaman korporasi o Corporate loans
Pinjaman berdasarkan peringkat internal Loans categorised by internal grading as
sebagai berikut: follows:
Debitur Grading 1-3 Grading 1-3 debtors
Debitur Grading 4-6 Grading 4-6 debtors
Debitur Grading 7A dan 7B Grading 7A and 7B debtors
- Pernah mengalami keterlambatan - Has an overdue experience
pembayaran
Pinjaman dalam kategori ini dianggap Loans in this category are considered to
memiliki kapasitas memadai untuk membayar have adequate capacity to pay interest and
bunga dan pokoknya walaupun pernah principal although they have overdue
mengalami keterlambatan pembayaran pada experience in making payments when due.
saat jatuh tempo.
Rincian kualitas kredit yang 563
as of 31 December 2019 based
berdasarkan umur tagihan pada tanggal on aging of receivables was as follows:

31 Desember 2019 adalah sebagai berikut:
Pensiunan/ UMKM/ Syariah/ Lainnya/ Jumlah/
Pensioners MSME Sharia Others Total
Tunggakan Days past due:

1 - 30 hari 441,993) 118,774) 63,165) 280,286) 904,218) 1 - 30 days
31 - 60 hari 159,879) 113,461) 34,685) 110,292) 418,317) 31 - 60 days
61 - 90 hari 94,985) 139,747) 29,785) 63,180) 327,697) 61 - 90 days
696,857) 371,982) 127,635) 453,758) 1,650,232)
Pendapatan bunga/
akan diterima 18,384) 8,783) 7,605) 15,795) 50,567) margin income
penurunan nilai (52,795) (76,095) (60,176) (67,501) (256,567) impairment losses
662,446) 304,670) 75,064) 402,052) 1,444,232)
Risiko likuiditas Liquidity risk

Risiko likuiditas adalah risiko yang terjadi jika Bank Liquidity risk is the risk that the Bank and Subsidiary
dan Entitas Anak tidak dapat memenuhi are unable to meet their payment obligations as they
pembayaran kewajiban pada saat jatuh tempo, fall due, including withdrawal of customer deposits.
termasuk pencairan simpanan nasabah. Salah satu One of the parameters used is by analysing the
parameter yang digunakan adalah dengan maturity profile from the funding sources, which are
menganalisa profil jatuh tempo dari sumber usually short term, while most of the assets which
pendanaan yang pada umumnya berjangka pendek were distributed in the form of loans, are usually
dan sebagian besar aset yang disalurkan dalam long-term. A relatively wide gap can increase
bentuk kredit dengan jangka waktu yang pada liquidity risk.
umumnya berjangka panjang. Terjadinya
kesenjangan yang cukup besar akan dapat
meningkatkan risiko likuiditas.
Dalam mengantisipasi potensi tekanan likuiditas In anticipating potential liquidity pressures due to the
karena pandemi COVID-19 yang berlangsung COVID-19 pandemic which has lasted quite a long
cukup lama, Bank dan Entitas Anak telah time, the Bank and Subsidiary have prepared the
mempersiapkan strategi pendanaan dan cadangan funding strategy and adequate liquidity reserves
likuiditas yang memadai yang disesuaikan dengan which are adjusted to the operational needs and the
kebutuhan operasional dan profil likuiditas agar Bank's liquidity profile in order to always comply with
selalu memenuhi regulasi terkait. the relevant regulations.
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PT BANK BTPN Tbk

Risiko likuiditas (lanjutan) Liquidity risk (continued)
Profil jatuh tempo diproyeksikan atas jangka waktu This maturity profile is projected based on the
yang tersisa berdasarkan tanggal kontraktual aset remaining period to the contractual maturity date of
dan liabilitas tertentu. Secara historis, sebagian assets and liabilities. Historically, a significant
besar dari simpanan diperpanjang pada saat jatuh portion of deposits are rolled-over on the maturity
tempo yang dipengaruhi oleh perilaku nasabah dan date which is affected by customer behaviour and
tingkat kepercayaan terhadap Bank dan Entitas confidence level to the Bank and Subsidiary. To
Anak. Untuk mengelola risiko likuiditas atas kondisi manage the liquidity risk of this condition, the Bank
tersebut, maka Bank dan Entitas Anak menetapkan and Subsidiary establish appropriate strategies and
strategi yang sesuai dan jumlah kas dan aset likuid sufficient amount of cash and liquid assets that can
yang perlu dimiliki, yang dapat dicairkan atau be liquidated or used as collateral should there be
dijadikan jaminan jika ada kebutuhan likuiditas yang an urgent need for liquidity.
mendesak.
Tabel berikut ini menyajikan rincian sisa periode The following tables provide detail of remaining
sampai dengan tanggal jatuh tempo aset keuangan period to maturity date of financial assets (before
(sebelum cadangan kerugian penurunan nilai) dan allowance for impairment losses) and financial
liabilitas keuangan. liabilities.
564
Sesuai > 6-12 bulan/
Jumlah/ permintaan/ bulan/ > 1-3 bulan/ > 3-6 bulan/ > 6-12 > 12 bulan/
Total On demand month > 1-3 months > 3-6 months months > 12 months
Aset Assets
Kas 2,433,196 2,433,196 - - - - - Cash
Indonesia 5,616,968 5,616,968 - - - - - Bank Indonesia
Giro pada bank-bank Current accounts with
lain 896,568 896,568 - - - - - other banks
Penempatan pada Placements with Bank
Bank Indonesia dan Indonesia and other
bank-bank lain 17,004,339 - 14,946,788 176,883 959,240 921,428 - banks
Efek-efek 15,020,554 - 1,595,300 823,837 538,248 3,208,561 8,854,608 Securities
Tagihan derivatif 917,082 - 917,082 - - - - Derivative receivables
Tagihan akseptasi 1,490,634 - 235,500 590,564 467,682 196,888 - Acceptance receivables
Pinjaman yang
diberikan dan
pembiayaan/piutang Loans and sharia
syariah 136,892,175 - 24,588,343 15,895,653 8,109,292 12,599,049 75,699,838 financing/receivables
Penyertaan saham 22,522 22,522 - - - - - Investment in shares
Aset lain-lain 267,874 3,106 258,852 - - - 5,916 Other assets
Jumlah aset 180,561,912 8,972,360 42,541,865 17,486,937 10,074,462 16,925,926 84,560,362 Total assets
Sesuai > 6-12 bulan/
permintaan/ bulan/ > 1-3 bulan/ > 3-6 bulan/ > 6-12 > 12 bulan/
Jumlah/ Total On demand month > 1-3 months > 3-6 months months > 12 months
Obligations due
Liabilitas segera (59,404) -) (59,404) -) -) -) -) immediately
Undistributed
Bagi hasil yang revenue
belum dibagikan (18,666) -) (18,666) -) -) -) -) sharing
Giro (15,761,972) (15,760,708) (1,264) -) -) -) -) Current accounts
Tabungan (11,764,429) (11,762,015) (2,414) -) -) -) -) Saving deposits
Deposito berjangka dan Time deposits and
deposito on call (65,607,522) -) (45,790,994) (15,721,013) (3,201,647) (869,897) (23,971) deposits on call
Simpanan dari bank- Deposits from other
bank lain (6,549,706) (6,549,706) -) -) -) -) -) banks
Liabilitas derivatif (887,157) -) (887,157) -) -) -) -) Derivative payables
Liabilitas akseptasi (767,282) -) (140,661) (346,736) (271,309) (8,576) -) Acceptance payables
Utang obligasi (1,000,424) -) (7,379) -) -) -) (993,045) Bonds payable
Pinjaman yang diterima (31,183,344) -) (119,087) (5,164,868) (1,000,000) -) (24,899,389) Borrowings
Pinjaman subordinasi (6,115,980) (4,230) -) -) -) -) (6,111,750) Subordinated loans
Liabilitas lain-lain (401,099) (20,948) (374,120) (4,661) (1,314) (56) -) Other liabilities
Jumlah liabilitas (140,116,985) (34,097,607) (47,401,146) (21,237,278) (4,474,270) (878,529) (32,028,155) Total liabilities
40,444,927) (25,125,247) (4,859,281) (3,750,341) 5,600,192) 16,047,397) 52,532,207)

Aset (liabilitas) bersih Net assets (liabilities)
204
PT BANK BTPN Tbk

> 6-12
Sesuai bulan/
permintaan/ bulan/ > 1-3 bulan/ > 3-6 bulan/ > 6-12 > 12 bulan/
Jumlah/ Total On demand month > 1-3 months > 3-6 months months > 12 months
Aset Assets
Kas 2,299,062) 2,299,062) -) -) -) -) -) Cash
Indonesia 8,987,079) 8,987,079) -) -) -) -) -) Bank Indonesia
Giro pada bank-bank Current accounts with
lain 1,056,904) 1,056,904) -) -) -) -) -) other banks
bank lain 8,914,104) -) 7,254,104) 485,000) 370,000) 805,000) -) banks
Efek-efek 10,702,857) -) 1,302,594) 6,949,639) 209,282) 512,240) 1,729,102) Securities
Tagihan derivatif 840,372) -) 840,372) -) -) -) -) Derivative receivables
Acceptance
Tagihan akseptasi 1,692,460) -) 662,819) 446,301) 418,076) 165,264) -) receivables
Pinjaman yang
diberikan dan
pembiayaan/piutang Loans and sharia
syariah 142,587,542) -) 31,307,032) 10,493,102) 7,246,115) 13,747,925) 79,793,368) financing/receivables
Penyertaan saham 22,522) 22,522) -) -) -) -) -) Investment in shares
Aset lain-lain 177,188) 19,961) 119,150) 1,588) 1,791) 1,077) 33,621) Other assets
Jumlah aset 177,280,090) 12,385,528) 41,486,071) 18,375,630) 8,245,264) 15,231,506) 81,556,091) Total assets
Liabilitas Liabilities 565
Obligations due
Liabilitas segera (18,268) -) (18,268) -) -) -) -) immediately
Bagi hasil yang Undistributed revenue
belum dibagikan (21,861) -) (14,473) (6,294) (991) (103) -) sharing

Giro (14,374,956) (14,374,226) (730) -) -) -) -) Current accounts
Tabungan (9,958,771) (9,955,705) (3,066) -) -) -) -) Saving deposits
Deposito berjangka Time deposits and
dan deposito on call (55,265,689) -) (38,521,768) (13,792,455) (1,906,146) (1,028,813) (16,507) deposits on call
bank lain (11,690,555) (11,690,555) -) -) -) -) -) banks
Liabilitas derivatif (894,947) -) (894,947) -) -) -) -) Derivative payables
Liabilitas akseptasi (888,459) -) (519,441) (225,754) (116,395) (26,869) -) Acceptance payables
Surat utang jangka
menengah (1,306,441) -) (5,032) -) (1,301,409) -) -) Medium term notes
Utang obligasi (1,910,473) -) (21,254) -) -) (898,987) (990,232) Bonds payable
Pinjaman yang diterima (38,188,926) -) (141,472) -) (2,499,061) (1,000,000) (34,548,393) Borrowings
Pinjaman subordinasi (6,045,193) (6,305) -) -) -) -) (6,038,888) Subordinated loans
Liabilitas lain-lain (582,809) (582,809) -) -) -) -) -) Other liabilities
Jumlah liabilitas (141,147,348) (36,609,600) (40,140,451) (14,024,503) (5,824,002) (2,954,772) (41,594,020) Total liabilities
36,132,742) (24,224,072) 1,345,620) 4,351,127) 2,421,262) 12,276,734) 39,962,071)

Aset (liabilitas) bersih Net assets (liabilities)
Tabel berikut ini menunjukkan arus kas kontraktual The following table shows the contractual
yang tidak didiskonto dari liabilitas keuangan dan
rekening administratif Bank berdasarkan periode liabilities and administrative accounts based on the
tersisa sampai dengan jatuh tempo kontraktual: remaining period to contractual maturity:
Nilai nominal bruto
arus kas masuk
(keluar)/Gross Hingga 1 bulan/
Nilai tercatat/ nominal inflow Up to >1 - 3 bulan/ >3 - 12 bulan/ >1 - 2 tahun/ >2 tahun/
Carrying amount (outflow) 1 month months months years years
Liabilitas non-derivatif Non-derivative liabilities

Obligations due
Liabilitas segera (59,404) (59,404) (59,404) -) -) -) -) immediately
belum dibagikan (18,666) (18,666) (18,666) -) -) -) -) sharing
Giro (15,760,708) (15,768,518) (15,768,518) -) -) -) -) Current accounts
Tabungan (11,762,015) (11,777,110) (11,772,684) (1,124) (2,748) (554) -) Saving deposits
deposito on call (65,342,817) (66,883,993) (46,846,868) (15,871,688) (4,140,653) (24,784) -) deposits on call
Simpanan dari bank-bank Deposits from other
lain (6,549,706) (6,575,654) (6,575,654) -) -) -) -) banks
Liabilitas akseptasi (767,282) (767,282) (140,661) (346,736) (279,885) -) -) Acceptance payables
Utang obligasi (1,000,424) (1,177,507) -) (19,131) (57,394) (875,526) (225,456) Bond payable
Pinjaman yang diterima (31,183,344) (32,115,761) (77,913) (5,263,665) (1,253,732) (23,097,152) (2,423,299) Borrowing
Pinjaman subordinasi (6,115,980) (6,539,403) -) (23,473) (70,420) (93,893) (6,351,617) Subordinated loans
Liabilitas lain-lain (401,099) (401,099) (401,099) -) -) -) -) Other liabilities
(138,961,445) (142,084,397) (81,661,467) (21,525,817) (5,804,832 (24,091,909) (9,000,372)
Liabilitas derivatif (887,157) Derivative payables

Arus kas masuk -) 6,087,810) 2,793,956) 1,324,661) 424,365) 1,114,975) 429,853) Cash inflow
Arus kas keluar -) (14,809,729) (2,745,449) (1,522,091) (3,371,279) (4,246,334) (2,924,576) Cash Outflow
(887,157) (8,721,919) 48,507) (197,430) (2,946,914) (3,131,359) (2,494,723)
L/C yang tidak dapat

dibatalkan -) (616,302) (304,359) (198,938) (113,005) -) -) Irrevocable L/C
Fasilitas kredit yang
belum digunakan - Unused credit
committed -) (14,012,398) -) (550,000) (4,333,663) (3,115,836) (6,012,899) facilities - committed
Garansi yang diterbitkan -) (7,421,592) (2,656,988) (1,656,180) (1,301,286) (1,807,138) -) Guarantees issued
-) (22,050,292) (2,961,347) (2,405,118) (5,747,954) (4,922,974) (6,012,899)
(139,848,602) (172,856,608) (84,574,307) (24,128,365) (14,499,700) (32,146,242) (17,507,994)

Jumlah Total
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PT BANK BTPN Tbk

Nilai nominal bruto
arus kas masuk
(keluar)/Gross Hingga 1 bulan/
Nilai tercatat/ nominal inflow Up to >1 - 3 bulan/ >3 - 12 bulan/ >1 - 2 tahun/ >2 tahun/
Carrying amount (outflow) 1 month months months years years
Liabilitas non-derivatif Non-derivative liabilities

Obligations due
Liabilitas segera (18,268) (18,268) (18,268) -) -) -) -) immediately
belum dibagikan (21,861) (21,861) (14,473) (6,294) (1,094) -) -) sharing
Giro (14,374,956) (14,682,160) (14,682,160) -) -) -) -) Current accounts
Tabungan (9,958,771) (10,227,599) (10,223,874) (783) (2,435) (507) -) Saving deposits
deposito on call (55,265,689) (56,223,259) (39,236,841) (13,969,593) (2,999,417) (17,408) -) deposits on call
Simpanan dari bank-bank Deposits from other
lain (11,690,555) (11,716,794) (8,849,763) (2,867,031) -) -) -) banks
Liabilitas akseptasi (888,459) (888,459) (537,764) (207,431) (143,264) -) -) Acceptance payables
Surat utang jangka -) -) Medium term notes
menengah (1,306,441) (1,328,263) -) -) (1,328,263)
Utang obligasi (1,910,473) (2,218,261) (17,014) (19,131) (1,008,435) (76,526) (1,097,155) Bond payable
Pinjaman yang diterima (38,188,926) (39,793,169) (77,513) (207,486) (5,197,113) (33,292,842) (1,018,215) Borrowing
Pinjaman subordinasi (6,045,193) (7,144,075) -) (49,727) (149,181) (198,908) (6,746,259) Subordinated loans
Liabilitas lain-lain (582,809) (582,809) (582,809) -) -) -) -) Other liabilities
(140,252,401) (144,844,977) (74,240,479) (17,327,476) (10,829,202) (33,586,191) (8,861,629)
Liabilitas derivative (894,947) Derivative payables

Arus kas masuk -) 51,045,474) 8,457,855) 10,571,427) 3,790,550) 3,310,133) 24,915,509) Cash inflow
Arus kas keluar -) (53,075,857) (8,574,916) (10,851,750) (4,175,379) (3,752,219) (25,721,593) Cash Outflow
566 (894,947) (2,030,383) (117,061) (280,323) (384,829) (442,086) (806,084)
L/C yang tidak dapat

dibatalkan -) (925,174) (520,395) (351,771) (53,008) -) -) Irrevocable L/C
Fasilitas kredit yang
belum digunakan - -) Unused credit
(8,433,080) (10,000) (550,000) (3,653,169) (198,321) (4,021,590)
committed facilities - committed

Garansi yang diterbitkan -) (8,924,578) (790,130) (1,637,789) (3,121,094) (540,937) (2,834,628) Guarantees issued
-) (18,282,832) (1,320,525) (2,539,560) (6,827,271) (739,258) (6,856,218)
(141,147,348) (165,158,192) (75.678,065) (20,147,359) (18,041,302) (34,767,535) (16,523,931)

Jumlah Total
Tabel sebelumnya menyajikan arus kas yang tidak The previous table shows the undiscounted cash
didiskontokan dari liabilitas keuangan Bank dan flows on the Bank and Subsidiary financial
Entitas Anak berdasarkan periode jatuh tempo liabilities on the basis of their earliest possible
kontraktual yang paling dekat. Arus kas yang contractual maturity. The Bank and Subsidiary
diharapkan atas instrumen keuangan Bank dan expected cash flows on these instruments may
Entitas Anak mungkin berbeda dengan analisis ini. vary from this analysis. For example, deposits are
Sebagai contoh, simpanan diharapkan memiliki saldo expected to maintain a stable or increasing
yang stabil atau meningkat atau fasilitas kredit kepada balance or unused credit facilities to customer-
nasabah yang belum digunakan (committed) tidak committed are not all expected to be drawn down
seluruhnya diharapkan untuk segera digunakan. immediately.
Nilai nominal arus kas masuk/(keluar) yang The nominal inflow/(outflow) disclosed in the above
diungkapkan pada tabel di atas menyajikan arus kas tables represents the contractual undiscounted
kontraktual yang tidak didiskontokan terkait dengan cash flows relating to the principal and interest on
nilai pokok dan bunga dari liabilitas keuangan. the financial liabilities. The disclosure for
Pengungkapan instrumen derivatif menunjukkan nilai derivatives shows the net amount of derivatives
bersih derivatif yang dapat diselesaikan secara neto, that are net settled, and a gross inflow and outflow
juga nilai bruto arus kas masuk dan keluar untuk amount for derivatives that have simultaneous
derivatif yang diselesaikan secara bruto. Arus kas gross settlement. The cash flows of derivatives
liabilitas derivatif seperti yang ditunjukkan di tabel di liabilities in the table represent the cash flows
atas merupakan arus kas berdasarkan jatuh tempo based on contractual maturities which the Bank
kontraktual yang menurut Bank dan Entitas Anak and Subsidiary believes is essential for an
adalah penting untuk memahami jadwal dari arus kas. understanding of the timing of the cash flows.
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PT BANK BTPN Tbk
Kebijakan yang dijalankan Bank dan Entitas Anak Policies adopted by the Bank and Subsidiary in
dalam mengendalikan risiko likuiditas adalah: managing its liquidity risk include:
- Menetapkan kebijakan pengendalian risiko - Application of a liquidity risk control policy that
likuiditas yang telah disesuaikan dengan misi, is suited to the mission, business strategy,
strategi bisnis, kecukupan permodalan, sumber capital adequacy, human resources and
daya manusia dan risk appetite Bank dan Entitas appetite for risk of the Bank and Subsidiary.
Anak.
- Menetapkan kebijakan dan prosedur penetapan - Application of a liquidity risk limit policies and
limit risiko likuiditas secara tertulis, lengkap, procedures that are written, complete,
memadai dan cukup mudah ditelusuri. adequate and easy to follow.
- Menjaga cadangan likuiditas agar sesuai dengan - Maintain liquidity reserves to match the ALCO
rekomendasi ALCO. recommendation.
- Mengelola portofolio pendanaan untuk -
menghindari risiko konsentrasi dan concentration risk and dependence on single
ketergantungan pada sumber pendanaan tertentu. 567
Hal ini dimonitor secara bulanan oleh ALCO dan Risk Management Committee (RMC).
Risk Management Committee (RMC).

- Fungsi pengawasan yang independen dari satuan - The independent monitoring function of the risk
kerja manajemen risiko. management working unit.
Untuk menjaga ketahanan likuiditas, Bank melakukan To maintain its liquidity resilience, the Bank monitor
pemantauan terhadap rasio kecukupan likuiditas the Liquidity Coverage Ratio (LCR) and a Net
(Liquidity Coverage Ratio/LCR) dan rasio pendanaan Stable Funding Ratio (NSFR). Apart of being the
stabil bersih (Net Stable Funding Ratio/NSFR). Selain requirements that must be complied with, internally
sebagai bagian dari ketentuan yang wajib dipatuhi, Bank also set those ratios as part of the early
juga secara internal rasio-rasio tersebut ditetapkan warning indicator and the recovery plan indicators
sebagai bagian dari indikator peringatan dini (early which are monitored on a daily basis.
warning indicators) dan indikator rencana pemulihan
(recovery plan) yang dimonitor secara harian.
LCR dikelola dengan memelihara asset likuid yang LCR is managed by maintaining high quality liquid
berkualitas tinggi (High Quality Liquid Assets/HQLA) assets (HQLA) which enable Bank to cover the
untuk dapat memenuhi potensi dana keluar bersih potential net outflows within the next 30 days in
dalam 30 hari kedepan sesuai dengan skenario yang accordance with the scenario determined based on
ditetapkan berdasarkan regulasi dari Otoritas Jasa regulations from Otoritas Jasa Keuangan (OJK).
Keuangan (OJK). Sedang NSFR bertujuan untuk Meanwhile, the NSFR aims to maintain a stable
memelihara profil pendanaan stabil yang disesuaikan funding profile that is adjusted to the composition
dengan komposisi aset dan transaksi rekening of assets and administrative account transactions
administratif Bank sesuai dengan regulasi dari of the Bank in accordance with regulations from
Otoritas Jasa Keuangan (OJK). Otoritas Jasa Keuangan (OJK).
Laporan LCR dan NSFR disampaikan secara berkala LCR and NSFR reports are submitted periodically
kepada Otoritas Jasa Keuangan (OJK) dan to Otoritas Jasa Keuangan (OJK) and published in
dipublikasikan sesuai dengan ketentuan yang accordance with applicable regulations.
berlaku.
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PT BANK BTPN Tbk

Risiko pasar Market risk
Risiko pasar adalah potensi timbulnya kerugian Market risk is the potential loss in book value or
dalam nilai buku atau fluktuasi arus kas di masa future cash flows fluctuation due to changes in
mendatang yang diakibatkan oleh perubahan suku interest rates or exchange rates.
bunga atau nilai tukar.
Dalam mengantisipasi adanya gejolak atas nilai In anticipating fluctuations in exchange rates and
tukar dan suku bunga akibat adanya kemungkinan interest rates due to the possibility of a deterioration
memburuknya perekonomian paska kebijakan in the economy after the Large Scale Social
pembatasan sosial berskala besar (PSBB) dan policy and a decline in
menurunnya transaksi perekonomian secara national and international economic transactions
nasional dan internasional karena adanya pandemi due to the COVID-19 pandemic, the Bank internally
COVID-19, Bank secara internal berupaya seeks to ensure exposures, as well as foreign
memastikan eksposur, transaksi dan ekspansi exchange and interest rates based transactions and
dalam valuta asing dan berdasarkan suku bunga expansion. the business undertaken is in
yang dilakukan bisnis telah sesuai dengan limit dan accordance with the Bank's limits and risk appetite.
risk appetite Bank.
Secara keseluruhan, risiko pasar dibagi menjadi In overall, market risk is divided into two following
dua bagian sebagai berikut: risks:
568
(i) Risiko mata uang asing (i) Foreign currency risk
Risiko mata uang asing timbul dari adanya Foreign exchange risk arises from on and off-
posisi neraca dan komitmen dan kontinjensi balance sheet positions both on the asset and
(off-balance sheet) baik di sisi aset maupun liability sides through transactions in foreign
liabilitas yang timbul melalui transaksi mata currencies.
uang asing.
Bank mengukur risiko nilai tukar untuk melihat The Bank measures the foreign exchange risk
dampak perubahan nilai tukar pada pendapatan to understand the impact of the exchange rate
dan modal Bank. Untuk mengelola dan
memitigasi risiko nilai tukar, pembatasan posisi In order to manage and mitigate the foreign
secara internal ditetapkan jauh di bawah limit exchange risk, predefined internal limits are set
posisi devisa neto yang ditetapkan regulator. below net open position limit that is defined by
Bank juga memonitor stop loss limit untuk regulator. The Bank also monitors stop loss limit
menjaga tingkat kerugian karena pergerakan to maintain the loss rate caused by movement
nilai pasar tidak melebihi kisaran yang telah of market value do not not exceed the specified
ditetapkan. range.
Entitas Anak tidak memiliki aset maupun The Subsidiary does not have any assets or
liabilitas keuangan dalam mata uang asing, liabilities which are denominated in foreign
maupun posisi untuk diperdagangkan, currencies, or held for trading, thus the
sehingga Entitas Anak tidak memiliki risiko mata Subsidiary does not have foreign currency risk.
uang asing.
Posisi Devisa Neto Net Open Position
Berdasarkan Peraturan Bank Indonesia Based on the prevailing Bank Indonesia
mengenai posisi devisa neto yang berlaku, Regulation relating with net open position, the
maksimum posisi devisa neto adalah 20% dari maximum net open position is at 20% of capital.
modal.
Posisi devisa neto adalah jumlah dari nilai NOP is the sum of the absolute values of the net
absolut selisih bersih aktiva dan pasiva dalam difference between assets and liabilities in the
laporan posisi keuangan untuk setiap valuta statement of financial position for each foreign
asing dan selisih bersih tagihan dan kewajiban currency and the net difference of receivables
komitmen dan kontinjensi dalam rekening and commitments and contingent liabilities in
administratif untuk setiap valuta asing, yang the administrative accounts for each foreign
semuanya dinyatakan dalam Rupiah. currency, which are all stated in Rupiah.
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PT BANK BTPN Tbk
Risiko pasar (lanjutan) Market risk (continued)
(i) Risiko mata uang asing (lanjutan) (i) Foreign currency risk (continued)
Posisi Devisa Neto (lanjutan) Net Open Position (continued)
Berikut adalah Posisi Devisa Neto Bank pada Below is the Net Open Position of Bank as of
tanggal 31 Desember 2020 dan 2019 dalam mata 31 December 2020 and 2019 in currency
uang (ekuivalen Rupiah). Nilai ini adalah yang (Rupiah equivalent). These amounts are
dilaporkan kepada Bank Indonesia pada tanggal reported to Bank Indonesia on the statement of
laporan posisi keuangan sebagai bagian dari
laporan harian. reporting.
Posisi Devisa
Aset/ Liabilitas/ Neto/
Mata Uang Assets Liabilities Net Open Position Currencies
Laporan posisi keuangan dan rekening Statement of financial position

administratif and off-balance sheet
Dolar Amerika Serikat 69,349,187 69,432,694 83,507 United States Dollar
Yen Jepang 1,832,521 1,843,460 10,939 Japanese Yen
Dolar Singapura 61,102 58,095 3,007 Singapore Dollar
Euro Eropa 395,115 387,931 7,184 European Euro
Baht Thailand 44,217 44,442 225 Thailand Baht
Poundsterling Inggris 10,421 8,760 1,661 Great Britain Poundsterling
Dolar Australia 15,634 10,729 4,905 Australian Dollar
Yuan China 6,035 5,714 321 China Yuan
Dolar Hong Kong
Franc Swiss
949
143
1,013
-
64
143
Hong Kong Dollar
Swiss Franc
569
Rupee India 38 - 38 Indian Rupee
Jumlah 111,994 Total

Jumlah Modal Tier I dan II 32,451,223 Total Tier I and II Capital
Rasio PDN 0.35% NOP Ratio

Posisi Devisa
Aset/ Liabilitas/ Neto/
Mata Uang Assets Liabilities Net Open Position Currencies
Laporan posisi keuangan dan rekening Statement of financial position

administratif and off-balance sheet
Dolar Amerika Serikat 84,803,983 84,816,091 12,108 United States Dollar
Yen Jepang 1,989,928 1,985,170 4,758 Japanese Yen
Dolar Singapura 56,694 49,033 7,661 Singapore Dollar
Euro Eropa 49,431 46,435 2,996 European Euro
Baht Thailand 15,955 14,275 1,680 Thailand Baht
Poundsterling Inggris 7,257 3,504 3,753 Great Britain Poundsterling
Dolar Australia 3,173 648 2,525 Australian Dollar
Yuan China 788 110 678 China Yuan
Dolar Hong Kong 449 266 183 Hong Kong Dollar
Franc Swiss 289 - 289 Swiss Franc
Rupee India 70 - 70 Indian Rupee
Jumlah 36,701 Total
Jumlah Modal Tier I dan II 30,948,624 Total Tier I and II Capital
Rasio PDN 0.12% NOP Ratio
Sensitivitas Bank terhadap mata uang asing The

diperhitungkan dengan menggunakan informasi calculated using net difference between assets
selisih bersih aktiva dan pasiva dalam laporan and liabilities in the statement of financial
posisi keuangan untuk setiap valuta asing dan position for each foreign currency and the net
selisih bersih tagihan dan kewajiban komitmen difference of receivables and commitments and
dan kontinjensi dalam rekening administratif contingent liabilities in the off-balance sheet
untuk setiap valuta asing. accounts for each foreign currency information.
Tabel di bawah ini mengikhtisarkan sensitivitas The table below shows the sensitivity of the
laba bersih Bank (linier) pada tanggal profit (linear) to movement of foreign
31 Desember 2020 dan 2019 atas perubahan exchange rates as of 31 December 2020 and
nilai tukar mata uang asing yaitu: 2019 :
Menambah (mengurangi) laba
bersih/Increase (decrease) net
profit
2020 2019
lIDR melemah 1% (775) 125) IDR weakening by 1%

lIDR menguat 1% 775) (125) IDR strengthening by 1%
209
PT BANK BTPN Tbk

(i) Risiko mata uang asing (lanjutan) (i) Foreign currency risk (continued)
Posisi Devisa Neto (lanjutan) Net Open Position (continued)
Proyeksi di atas mengasumsikan bahwa The above projection assumes that foreign
perubahan nilai tukar mata uang asing bergerak exchange rates move by the same amount and,
pada jumlah yang sama sehingga tidak therefore, do not reflect the potential impact on
mencerminkan perubahan potensial kepada laba profit of some rates changing while others
atas perubahan beberapa nilai tukar mata uang remain unchanged. The projections also
asing sementara lainnya tidak berubah. Proyeksi assume that all other variables are held
juga mengasumsikan bahwa seluruh variabel constant and are based on a constant reporting
lainnya adalah konstan dan berdasarkan tanggal date position and that all positions run to
pelaporan yang konstan serta seluruh posisi maturity.
berjalan hingga jatuh tempo.
(ii) Risiko suku bunga (ii) Interest rate risk
Pendapatan Bank yang berasal dari kegiatan The Bank conventional activities
konvensional merupakan selisih antara bunga are derived from the difference between the
yang dihasilkan dari sisi aset dengan bunga yang interest generated on the asset side and the
dibayarkan kepada dana pihak ketiga. interest paid to third party funds. If not
Perubahan tingkat bunga jika tidak diantisipasi anticipated, changes in interest rates can result
dapat menyebabkan penurunan pendapatan
570 Bank.
Risiko suku bunga berdampak pada fluktuasi Interest rate risk has an effect to future cash
arus kas di masa mendatang baik pada aset flows fluctuation of both assets and liabilities. It
maupun liabilitas. Hal ini dapat mempengaruhi can affect the Bank interest income and fair
pendapatan bunga Bank maupun nilai wajar dari value of the financial instruments.
instrumen keuangan yang dimiliki Bank.
Bisnis utama Entitas Anak adalah memberikan
pembiayaan dengan akad murabahah. financing with murabahah contracts. The
Pendapatan marjin murababah dipengaruhi oleh murabahah margin income is affected by the
harga pembiayaan atau suku bunga di pasar financing price or interest rate in the
konvensional. conventional market.
Manajemen risiko suku bunga Interest rate risk management
Kebijakan yang dijalankan Bank dan Entitas Policies adopted by the Bank and Subsidiary in
Anak dalam pengendalian terhadap risiko suku managing its interest rate risk include:
bunga:
- Melakukan pemantauan limit risiko suku - Monitoring of interest rate risk limit.
bunga.
- Melakukan pengelolan risiko suku bunga - Managing interest rate risk in accordance
sesuai regulasi terkait dan kebijakan internal with relevant regulations and Bank's internal
Bank. policies.
- Melakukan simulasi perhitungan pendapatan - Conduct simulation of net margin income
marjin bersih terhadap semua kemungkinan calculation toward all possible market
perubahan tingkat suku bunga di pasar. interest rate changes.
Tabel di bawah ini mengikhtisarkan eksposur The tables below summarise the exposures of
instrumen keuangan Bank dan Entitas Anak financial instruments of the Bank and Subsidiary
terhadap risiko tingkat suku bunga. to interest rate risks.
31 DesemberDecember 2020
Suku bunga mengambang/Floating rate instrument Bunga tetap/Fixed rate
Tidak
dikenakan
bunga/
>3-6 > 6 - 12 >3-6 > 6 - 12 Non-
1 - 3 bulan/ bulan/ bulan/ 1 - 3 bulan/ bulan/ bulan/ > 12 bulan/ interest Jumlah/
month months months months month months months months months bearing Total
Aset Assets
Kas - - - - - - - - - 2,433,196 2,433,196 Cash
Indonesia - - - - 5,616,968 - - - - - 5,616,968 Bank Indonesia
Giro pada bank- Current accounts with
bank lain - - - - 896,568 - - - - - 896,568 other banks
Penempatan pada
Bank Indonesia Placements with Bank
dan bank-bank Indonesia and other
lain - - - - 14,897,317 176,883 959,240 921,428 - 49,471 17,004,339 banks
Efek-efek - - - - 1,379,400 823,838 538,249 3,208,561 8,854,608 215,898 15,020,554 Securities
Tagihan derivatif - - - - - - - - 917,082 917,082 Derivative receivables
Tagihan akseptasi - - - - - - - - 1,490,634 1,490,634 Acceptance receivables
Pinjaman yang
diberikan dan
pembiayaan/ Loans and sharia
piutang syariah 26,965,017 17,032,682 1,828,792 - 26,948,053 10,898,165 5,906,870 12,152,735 34,097,384 1,062,477 136,892,175 financing/receivables
Penyertaan saham - - - - - - - - - 22,522 22,522 Investment in shares
Aset lain-lain - - - - - - - - - 267,874 267,874 Other assets
Jumlah aset
keuangan,
sebelum
cadangan Total financial assets
kerugian before allowance for
penurunan nilai 26,965,017 17,032,682 1,828,792 - 49,738,306 11,898,886 7,404,359 16,282,724 42,951,992 6,459,154 180,561,912 impairment losses
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PT BANK BTPN Tbk
(ii) Risiko tingkat bunga (lanjutan) (ii) Interest rate risk (continued)
Manajemen risiko tingkat bunga (lanjutan) Interest rate risk management (continued)
Tidak
dikenakan
bunga/
>3-6 > 6 - 12 >3-6 > 6 - 12 Non-
Obligations due
Liabilitas segera -) -) -) -) -) -) - -) -) (59,404) (59,404) immediately..
Simpanan dari Deposits from
nasabah -) (73,049,011) (15,721,013) (3,201,647) (869,897) (23,972) (268,383) (93,133,923) customers
bank lain -) -) -) -) (6,549,336) -) -) -) -) (370) (6,549,706) banks
Liabilitas derivatif -) -) -) -) -) -) -) -) -) (887,157) (887,157) Derivative payables
Liabilitas akseptasi -) -) -) -) -) -) -) -) -) (767,282) (767,282) Acceptance payables
Utang obligasi -) -) -) -) -) -) -) -) (993,045) (7,379) (1,000,424) Bonds payable
Pinjaman yang
diterima (22,852,789) (1,000,000) -) -) (1,353,258) (4,164,868) (1,693,374) (-) -) (119,055) (31,183,344) Borrowings
Pinjaman
subordinasi
Liabilitas lain-lain
-)
-)
(6,111,750)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
-)
(4,230)
(401,099)
(6,115,980)
(401,099)
Subordinated loans
Other liabilities 571
Jumlah liabilitas
keuangan (22,852,789) (7,111,750) -) -) (80,951,605) (19,885,881) (4,895,021) (869,897) (1,017,017) (2,514,359) (140,098,319) Total financial liabilities

Jumlah gap
repricing suku 4,112,228) Total interest repricing
9,920,932) 1,828,792) -) (31,213,297) (7,986,995) 2,509,338) 15,412,827) 41,934,373) 3,944,795) 40,463,593)
bunga gap
Tidak
dikenakan
bunga/
>3-6 > 6 - 12 >3-6 > 6 - 12 Non-
Aset Assets
Kas - - - - - - - - - 2,299,062 2,299,062 Cash
Indonesia - - - - 8,987,079 - - - - - 8,987,079 Bank Indonesia
Giro pada bank- Current accounts with
bank lain - - - - 1,056,904 - - - - - 1,056,904 other banks
Penempatan pada
Bank Indonesia Placements with Bank
dan bank-bank Indonesia and
lain - - - - 7,254,104 485,000 370,000 805,000 - - 8,914,104 other banks
Efek-efek - - - - 1,410,377 6,841,856 209,282 512,240 1,729,102 - 10,702,857 Securities
Tagihan derivatif - - - - - - - - - 840,372 840,372 Derivative receivables
Acceptance
Tagihan akseptasi - - - - - - - - - 1,692,460 1,692,460 receivables
Pinjaman yang
diberikan dan Loans and sharia
pembiayaan/ financing/
piutang syariah 24,397,043 13,266,564 3,106,261 118,354 32,372,753 9,648,276 6,748,059 9,484,626 43,445,606 - 142,587,542 receivables
Penyertaan saham - - - - - - - - - 22,522 22,522 Investment in shares
Aset lain-lain - - - - - - - - - 177,188 177,188 Other assets
Jumlah aset
keuangan,
sebelum Total financial assets
cadangan before allowance
kerugian for impairment
penurunan nilai 24,397,043 13,266,564 3,106,261 118,354 51,081,217 16,975,132 7,327,341 10,801,866 45,174,708 5,031,604 177,280,090 losses
Obligation due
-) -) - -)
Liabilitas segera (868) (8,756) -) -) -) (8,644) )(18,268) immediately..
Simpanan dari Deposits from
nasabah -) -) - -) (62,855,495) (13,792,455) (1,906,146) (1,028,813) (16,507) -) (79,599,416) customers
Simpanan dari Deposits from other
bank-bank lain -) -) - -) (8,857,355) (2,833,200) -) -) -) -) (11,690,555) banks
Liabilitas derivatif -) -) - -) -) -) -) -) -) (894,947) (894,947) Derivative payables
)
Liabilitas akseptasi -) -) - -) -) -) -) -) -) (888,459) (888,459) Acceptance payables
Surat utang jangka ) ) )
menengah -) -) - -) (5,032) -) (1,301,409) -) -) -) (1,306,441) Medium term notes
Utang obligasi -) -) - -) (21,254) -) -) (898,987) (990,232) -) (1,910,473) Bonds payable
Pinjaman yang
diterima (25,293,593) (8,983,721) - (727,186) -) -) (2,521,883) -) (662,243) -) (38,188,626) Borrowings
Pinjaman
subordinasi -) (6,045,193) - -) -) -) -) -) -) -) (6,045,193) Subordinated loans
Liabilitas lain-lain -) -) - -) -) -) -) -) -) (582,809) (582,809) Other liabilities
Jumlah liabilitas
keuangan (25,293,593) (15,028,914) - (727,186) (71,740,004) (16,634,411) (5,729,438) (1,927,800) (1,668,982) (2,374,859) (141,125,187) Total financial liabilities
Jumlah gap
repricing suku (896,550) Total interest repricing
(1,762,350) 3,106,261 (608,832) (20,658,787) (340,721) 1,597,903) 8,874,066) 43,505,726) 2,656,745) 36,154,903)
bunga gap
211
PT BANK BTPN Tbk

(ii) Risiko tingkat bunga (lanjutan) (ii) Interest rate risk (continued)
Manajemen risiko tingkat bunga (lanjutan) Interest rate risk management (continued)
Tabel di bawah ini mengikhtisarkan sensitivitas The table below shows the sensitivity of the
laba bersih Bank selama tahun yang berakhir Bank net profit during the years ended
pada tanggal 31 Desember 2020 dan 2019 atas 31 December 2020 and 2019 due to an increase
kenaikan atau penurunan tingkat suku bunga or decrease in market interest rates, assuming
pasar, dengan asumsi bahwa tidak ada no assymetrical movement in yield curves:
pergerakan asimetris di kurva imbal hasil:
(Penurunan) peningkatan
laba bersih/
(Decrease) increase net profit
2020 2019
Peningkatan 100 bps 8) (129) Increased by 100 bps

Penurunan 100 bps (21) 111) Decreased by 100 bps
572
Manajemen Risiko Permodalan Capital Risk Management
Modal regulasi Regulatory capital

Tujuan manajemen permodalan Bank dan Entitas The Bank and Subsidiary capital management
Anak adalah untuk mempertahankan posisi modal objectives is to maintain a strong capital position to
yang kuat untuk mendukung pertumbuhan bisnis support business growth and to sustain investors,
dan mempertahankan investor, deposan, pelanggan depositors, customers and market confidence. In
dan kepercayaan pasar. Dalam pengelolaan managing its capital, the Bank and Subsidiary
permodalan, Bank dan Entitas Anak consider factors such as: providing optimal capital
mempertimbangkan faktor-faktor seperti: rate of return to shareholders and maintaining a
pengembalian modal yang optimal pada pemegang balance between high return gearing ratio and safety
saham, menjaga keseimbangan antara keuntungan provided by a sound capital position.
yang lebih tinggi dengan gearing ratio serta
keamanan yang diberikan oleh posisi modal yang
sehat.
Sesuai dengan Peraturan OJK (POJK) According to OJK Regulation No. 11/POJK.03/2016
No. 11/POJK.03/2016 tentang kewajiban dated 12 December 2013 regarding Capital
penyediaan modal minimum bank umum dan Adequacy Ratio (CAR) for Commercial Bank and
SEOJK No. 26/SEOJK.03/2016 tentang KPMM SEOJK No. 26/SEOJK.03/2016 regarding Capital
sesuai Profil Risiko dan Pemenuhan Capital Adequacy Ratio based on Risk Profile and
Equivalency Maintained Assets (CEMA), Bank wajib Fullfillment of Capital Equivalency Maintained
melakukan perhitungan KPMM minimum Assets (CEMA), the Bank is required to calculate
berdasarkan profil risiko dan melakukan Internal minimum CAR in accordance to its risk profile and to
Capital Adequacy Assessment Process (ICAAP). perform Internal Capital Adequacy Assessment
Peraturan ini juga mengatur tentang pemenuhan Process (ICAAP). This regulation also stipulates
rasio modal inti (Tier 1) paling rendah sebesar 6% minimum Tier 1 ratio at the minimum of 6% and
dan rasio modal inti utama (Common Equity Tier 1) common equity Tier 1 ratio at the minimum of 4.5%,
paling rendah sebesar 4,5%, efektif sejak tanggal effective on 1 January 2014.
1 Januari 2014.
Bank dan Entitas Anak telah memenuhi semua The Bank and Subsidiary have complied with all
persyaratan modal yang diwajibkan sepanjang externally imposed capital requirements throughout
tahun. the year.
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PT BANK BTPN Tbk
Manajemen Risiko Permodalan (lanjutan) Capital Risk Management (continued)
Modal regulasi (lanjutan) Regulatory capital (continued)

Posisi permodalan Bank dan Entitas Anak The Bank and Subsidiary regulatory capital
berdasarkan peraturan OJK yang berlaku pada position under the prevailing OJK regulation as of
tanggal 31 Desember 2020 dan 2019 adalah 31 December 2020 and 2019 were as follows:
sebagai berikut:
2020 2019
KONSOLIDASI CONSOLIDATED
Aset tertimbang menurut risiko Risk weighted assets

- Dengan memperhitungkan risiko kredit 118,425,350 124,368,632 With credit risk charge -
- Dengan memperhitungkan risiko kredit dan With credit, operational risk -
operasional 141,752,434 142,780,626 charge
- Dengan memperhitungkan risiko kredit, With credit, operational and market -
operasional dan pasar 142,253,917 143,582,952 risk charge
Modal Capital
- Modal inti 29,426,916 27,259,773 Core capital -
- Modal pelengkap 6,920,396 7,543,294 Supplementary capital -
36,347,312 34,803,067
Rasio kewajiban penyediaan modal

573
minimum Capital adequacy ratio
- Dengan memperhitungkan risiko kredit 30.69% 27.98% With credit risk charge -

operasional 25.64% 24.38% charge
operasional dan pasar 25.55% 24.24% risk charge
9% sampai 9% sampai
dengan kurang dengan kurang
Rasio kewajiban penyediaan modal minimum dari 10%/9% to dari 10%/9% to Minimum capital adequacy ratio
yang diwajibkan oleh Bank Indonesia less than 10% less than 10% required by Bank Indonesia
- Rasio Kewajiban Penyediaan Modal

Minimum 25.55% 24.24% Capital Adequacy Raio -
- Rasio CET 1 20.69% 18.99% CET 1 ratio -
- Rasio tier 1 20.69% 18.99% Tier 1 ratio -
BANK BANK
Aset tertimbang menurut risiko Risk weighted assets

- Dengan memperhitungkan risiko kredit 112,502,125 117,335,520 With credit risk charge -
operasional 128,348,112 131,011,596 charge
operasional dan pasar 128,849,595 131,813,922 risk charge
Modal Capital
- Modal inti 25,588,377 23,521,707 Core capital -
- Modal pelengkap 6,862,846 7,465,961 Supplementary capital -
32,451,223 30,987,668
Rasio kewajiban penyediaan modal

minimum Capital adequacy ratio
- Dengan memperhitungkan risiko kredit 28.84% 26.41% With credit risk charge -
operasional 25.28% 23.65% charge
operasional dan pasar 25.19% 23.51% risk charge
9% sampai 9% sampai
dengan kurang dengan kurang
Rasio kewajiban penyediaan modal minimum dari 10%/9% to dari 10%/9% to Minimum capital adequacy ratio
yang diwajibkan oleh Bank Indonesia less than 10% less than 10% required by Bank Indonesia
- Rasio Kewajiban Penyediaan Modal

Minimum 25.19% 23.51% Capital Adequacy Ratio -
- Rasio CET 1 19.86% 17.84% CET 1 ratio -
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PT BANK BTPN Tbk

Manajemen Risiko Permodalan (lanjutan) Capital Risk Management (continued)
Modal regulasi (lanjutan) Regulatory capital (continued)
2020 2019
ENTITAS ANAK SUBSIDIARY
Modal inti 5,544,726 5,138,209 Core capital
Modal pelengkap (maksimum 100% dari Supplementary capital (maximum at
modal inti) 74,040 87,914 100% from core capital)
Jumlah modal 5,618,766 5,226,123 Total capital

Aset Tertimbang Menurut Risk Weighted Assets
Risiko (ATMR) (RWA)
Risiko Kredit 5,370,131 6,988,540 Credit Risk
Risiko Operasional 5,995,479 4,737,446 Operational Risk
Rasio total 49.44% 44.57% Total ratio
Rasio KPMM yang diwajibkan 9% - 10% 9% - 10% Minimum CAR
Manajemen menggunakan peraturan rasio Management uses regulatory capital ratios in order
574 permodalan untuk memantau kecukupan modal, to monitor its capital base and these capital ratios
sesuai dengan standar industri. Pendekatan Bank remain the industry standards for measuring capital
Indonesia untuk pengukuran modal tersebut adequacy. BI's approach to such measurement is
terutama didasarkan pada pemantauan kebutuhan primarily based on monitoring the relationship of the
modal yang diwajibkan terhadap modal yang capital resources requirement to available capital
tersedia. resources.
Estimasi nilai wajar instrumen keuangan Fair value estimation of financial instruments
Untuk aset dan liabilitas keuangan yang diukur For financial assets and liabilities measured at fair
menggunakan nilai wajar, berikut ini adalah hirarki value, the following is the hierarchy of the fair values:
nilai wajar:
a. Tingkat 1 a. Level 1
Harga kuotasian (tidak disesuaikan) dalam Quoted prices (unadjusted) in active markets for
pasar aktif untuk aset atau liabilitas yang identical assets or liabilities;
identik;
b. Tingkat 2 b. Level 2
Input selain harga kuotasian yang termasuk Inputs other than quoted prices included within
dalam tingkat 1 yang dapat diobservasi untuk level 1 that are observable for the assets or
aset atau liabilitas, baik secara langsung liabilities, either directly (that is as prices) or
(misalnya harga) maupun tidak langsung indirectly (that is derived from prices); and
(misalnya turunan harga); dan
c. Tingkat 3 c. Level 3
Input untuk aset atau liabilitas yang bukan Inputs for the assets or liabilities that are not
berdasarkan data pasar yang dapat diobservasi based on observable market data
(input yang tidak dapat diobservasi). (unobservable inputs).
Tabel berikut menyajikan aset dan liabilitas The tables below show the Bank and Subsidiary
keuangan Bank dan Entitas Anak yang diukur financial assets and liabilities that were measured at
sebesar nilai wajar pada tanggal 31 Desember 2020 fair value as of 31 December 2020 and 2019:
dan 2019:
Nilai tercatat/
Carrying Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
value Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek 9,831,600 - 9,831,600 - 9,831,600 Securities
Tagihan derivatif 917,082 - 917,082 - 917,082 Derivative receivables
Penyertaan saham 22,522 - - 22,522 22,522 Investment in shares
10,771,204 - 10,748,682 22,522 10,771,204
Liabilitas derivatif 887,157 - 887,157 - 887,157 Derivative payables
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PT BANK BTPN Tbk
Nilai tercatat/
Carrying Tingkat 1/ Tingkat 2/ Tingkat 3/ Nilai wajar/
value Level 1 Level 2 Level 3 Fair value
Aset Assets
Efek-efek 5,679,762 - 5,679,762 - 5,679,762 Securities
Tagihan derivatif 840,372 - 840,372 - 840,372 Derivative receivables
Penyertaan saham 22,522 - - 22,522 22,522 Investment in shares
6,542,656 - 6,520,134 22,522 6,542,656
Liabilitas derivatif 894,947 - 894,947 - 894,947 Derivative payables
Tabel di bawah ini menggambarkan nilai tercatat The table below summarises the carrying amounts
dan nilai wajar dari instrumen keuangan yang tidak and fair values of those financial instruments not
disajikan pada nilai wajarnya: stated at their fair values:
31 Desember/December 2020 31 Desember/December 2019
Nilai tercatat/ Nilai tercatat/
Carrying Nilai wajar/ Carrying Nilai wajar/
value Fair value value Fair value
575
Aset Assets
Giro pada Bank Indonesia 5,616,968 5,616,968 8,987,079 8,987,079 Indonesia

Giro pada bank-bank lain 896,071 896,071 1,056,904 1,056,904 Current accounts with other banks
bank-bank lain 17,004,339 17,004,339 8,914,104 8,914,104 other banks
Efek-efek 5,188,663 5,294,549 10,702,851 10,657,240 Securities
Tagihan akseptasi 1,484,939 1,484,939 1,692,391 1,692,391 Acceptance receivables
Pinjaman yang diberikan dan Loans and sharia financing/
pembiayaan/piutang syariah 133,469,850 135,506,563 141,120,343 143,364,681 receivables
Aset lain-lain 267,874 267,874 177,188 177,188 Other assets
Liabilitas segera 59,404 59,404 18,268 18.268 Obligation due immediately
belum dibagikan 18,666 18,665 21,861 21,861 sharing
Simpanan nasabah 93,133,923 93,133,923 79,599,416 79,599,416 Deposits from customers
Simpanan dari bank-bank lain 6,549,706 6,549,706 11,690,555 11,690,555 Deposits from other banks
Liabilitas akseptasi 767,282 767,282 888,459 888,459 Acceptance payables
Surat utang jangka menengah - - 1,306,441 1,323,732 Medium term notes
Utang obligasi 1,000,424 1,024,774 1,910,473 1,921,161 Bonds payable
Pinjaman yang diterima 31,183,344 35,060,282 38,188,926 38,218,199 Borrowings
Liabilitas lain-lain 401,099 401,099 582,809 582,809 Other liabilities
Nilai wajar dari efek-efek yang memiliki jatuh tempo The fair value for securities, which maturity date is
lebih dari 1 tahun diestimasi menggunakan nilai more than 1 year, are estimated using the last
kuotasi pasar terakhir (level 2 - hirarki nilai wajar). quoted market price (level 2 - fair value hierarchy).
Estimasi nilai wajar dari pinjaman yang diberikan The estimated fair value of loans represents the
mencerminkan jumlah diskonto dari estimasi kini discounted amount of estimated future cash flows
dari arus kas masa depan yang diharapkan akan expected to be received. Estimated cash flows are
diterima. Arus kas masa depan yang diharapkan discounted at current market rates to determine fair
didiskontokan pada tingkat suku bunga pasar terkini value (level 3 - fair value hierarchy).
untuk menentukan nilai wajar (level 3 - hirarki nilai
wajar).
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PT BANK BTPN Tbk

Nilai tercatat dari pembiayaan syariah merupakan Carrying value of sharia financing approximates the
perkiraan yang layak atas nilai wajar dikarenakan estimates fair value since sharia financing have
pinjaman tersebut memiliki tenor jangka pendek. short-term tenure.
Nilai wajar surat utang jangka menengah dihitung The fair value of medium term notes was calculated
menggunakan teknik penilaian berdasarkan model using valuation technique based on the Bank's
internal Bank yaitu model penilaian diskonto arus internal model which is discounted cash flow
kas. Input dalam teknik penilaian termasuk arus kas valuation model. Inputs into the valuation technique
yang akan diterima di masa datang dan suku bunga include expected future cash flows and interest
pasar (level 2 - hirarki nilai wajar). rates (level 2 - fair value hierarchy).
Nilai wajar utang obligasi diestimasi menggunakan The fair value of bonds payable is estimated by
nilai kuotasi pasar terakhir (level 2 - hirarki nilai using the last quoted market price (level 2 - fair
wajar). value hierarchy).
Nilai wajar dari pinjaman yang diterima dinilai The fair value of borrowings is estimated by using
576 dengan menggunakan diskonto arus kas discounted cash flows applying the effective interest
berdasarkan tingkat suku bunga efektif yang rate charged by the lender for the last utilization of
dikenakan pada pinjaman terakhir yang digunakan borrowings (level 2 - fair value hierarchy).
(level 2 - hirarki nilai wajar).
Nilai tercatat aset keuangan dan liabilitas keuangan The carrying amount of remaining financial assets
lainnya mendekati nilai wajarnya karena instrumen and financial liabilities are reasonable
keuangan bersifat jangka pendek atau yang ditinjau approximation of fair value because they are short
ulang menggunakan harga pasar secara berkala. term in nature or re-price to current market rates
frequently.
Perhitungan nilai wajar dilakukan hanya untuk The fair values calculated are for disclosure
kepentingan pengungkapan dan tidak berdampak purposes only and do not have any impact on the
pada pelaporan posisi atau kinerja keuangan Bank Bank and Subsidiary
dan Entitas Anak. Nilai wajar yang dihitung oleh performance or position. The fair values calculated
Bank dan Entitas Anak mungkin berbeda dengan by the Bank and Subsidiary may be different from
jumlah aktual yang akan diterima/dibayar pada saat the actual amount that will be received/paid on the
penyelesaian atau jatuh tempo instrumen keuangan. settlement or maturity of the financial instrument. As
Mengingat kategori tertentu instrumen keuangan certain categories of financial instruments are not
yang tidak diperdagangkan, maka terdapat traded, there is management judgment involved in
pertimbangan manajemen dalam perhitungan nilai calculating the fair values.
wajar.
Risiko operasional Operational risk
Risiko operasional adalah risiko kerugian akibat Operational risk is defined as the risks of loss
ketidakcukupan atau tidak berfungsinya proses resulting from inadequate or failed internal
internal, kesalahan manusia, kegagalan sistem processes, people, systems failure and/or external
dan/atau adanya kejadian eksternal yang
mempengaruhi operasional Bank. activities.
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PT BANK BTPN Tbk
Risiko operasional (lanjutan) Operational risk (continued)
Tata Kelola Pengelolaan Risiko Operasional Operational Risk Management Governance
Risiko operasional dikelola melalui kerangka kerja, Operational risk are managed through framework,
kebijakan dan prosedur dengan struktur tata kelola policies and procedures with the Operational Risk
Manajemen Risiko Operasional menggunakan Management governance structure using the Three
model Three Lines of Defence atau pertahanan tiga Lines of Defense model. In the first line of defense,
Lapis. Pada lapis pertahanan pertama, seluruh unit all work units as Risk Taking Units (RTU) are the risk
kerja selaku Risk Taking Unit (RTU) adalah sebagai owner who are directly responsible for managing
pemilik risiko (risk owner) yang bertanggung jawab and controlling operational risk in their respective
secara langsung untuk mengelola dan mengontrol processes and activities. The RTU is responsible for
risiko operasional di proses dan aktivitasnya implementing Operational Risk Management work
masing-masing. RTU bertanggungjawab untuk tools and programs in accordance with applicable
melaksanakan perangkat kerja dan program policies and procedures, the Bank has also
Manajemen Risiko Operasional sesuai dengan established an ICR (Internal Control & Risk) function
kebijakan dan prosedur yang berlaku, Bank juga which plays a role in assisting the Risk Taking Unit
telah membentuk fungsi ICR (Internal Control & (RTU) in the internal control system of each process
Risk) yang berperan dalam membantu Risk Taking or activity daily.
Unit (RTU) dalam sistem pengendalian internal dari
setiap proses atau aktivitas sehari hari. 577
Pada lapis pertahanan kedua, Divisi ORM At the second line of defense, the ORM (Operational

(Operational Risk Management) membuat kerangka Risk Management) Division develops frameworks,
kerja, kebijakan dan prosedur serta policies and procedures as well as develops
mengembangkan metodologi, perangkat kerja dan methodologies, work tools and other initiatives to
inisiatif lainnya untuk meningkatkan pengelolaan improve the Bank's operational risk management.
risiko operasional Bank. Kebijakan dan prosedur Operational Risk Management policies and
Manajemen Risiko Operasional dikaji ulang secara procedures are reviewed regularly to ensure
regular untuk memastikan kesesuaian dengan conformity with Bank conditions. The ORM Division
kondisi Bank. Divisi ORM secara periodik periodically reports operational risks to the Board of
melaporkan risiko operasional kepada Direksi dan Directors and BoM (Board of Management) through
BoM (Board of Management) melalui Komite the Risk Management Committee.
Manajemen Risiko.
Pada lapis pertahanan ketiga, Internal Audit At the third line of defense, Internal Audit conducts
melakukan pelaksanaan kaji ulang independen atas periodic independent reviews of operational risk
manajemen risiko operasional secara periodik management to the RTU and ORM Division to
kepada RTU dan Divisi ORM untuk menilai dan assess and provide recommendations for
memberikan rekomendasi perbaikan. improvements.
Koordinasi diantara pihak-pihak yang terkait Coordination among the related parties mentioned
tersebut diatas di dalam manajemen risiko above in operational risk management is also
operasional juga dilakukan melalui forum-forum carried out through forums and periodic meetings.
maupun rapat secara periodik.
Manajemen Risiko Operasional Operational Risk Management
Bank dan Entitas Anak memiliki Kebijakan The Bank and Subsidiaries have an Operational
Manajemen Risiko Operasional untuk memastikan Risk Management Policy to ensure that the
proses manajemen risiko operasional yang operational risk management process which
mencakup identifikasi, pengukuran, pemantauan includes identification, measurement, monitoring
dan pengendalian risiko berjalan secara terstruktur and risk control runs in a structured and consistent
dan konsisten. Proses Manajemen Risiko manner. The Operational Risk Management
Operasional diterapkan berdasarkan praktik terbaik process is implemented based on effective best
yang efektif untuk Bank yang juga mencakup practices for the Bank which also includes Business
Business Continuity Management dan Information Continuity Management and Information Security
Security Risk. Risk.
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PT BANK BTPN Tbk


Manajemen Risiko Operasional (lanjutan) Operational Risk Management (continued)
Tahapan proses Manajemen Risiko Operasional The stages of the Operational Risk Management
yang mencakup identifikasi, pengukuran, process which include identification, measurement,
pemantauan dan pengendalian atas risiko monitoring and control of operational risk are as
operasional adalah sebagai berikut: follows:
1. Identifikasi Risiko Operasional dilakukan 1. Operational Risk identification is carried out
melalui Kajian Risiko Operasional atas setiap through an Operational Risk Assessment of
produk atau proses atau layanan baik yang each product or process or service, whether
baru atau yang dimodifikasi. Risiko-risiko new or modified. The operational risks
operasional yang teridentifikasi dari setiap identified from each process are compiled into
proses disusun ke dalam tabel PRC (Process a PRC (Process Risk Control) table and the
Risk Control) dan tingkat risiko diukur dengan level of risk is measured using the RGM (Risk
menggunakan RGM (Risk Grading Matrix). Grading Matrix). Some of the main risks
Beberapa risiko utama yang diidentifikasi pada identified in the PRC will be indicators that will
PRC akan menjadi indikator yang akan be monitored periodically as Key Operational
dimonitor secara berkala sebagai Key Risk Indicators (KORI). The Risk Acceptance
Operational Risk Indicator (KORI). Laporan Report is used to identify residual or remaining
578 Risk Acceptance digunakan untuk risks due to an inadequate control system.
mengidentifikasi risiko-risiko residual atau yang
masih ada akibat adanya ketidakcukupan
sistem pengendalian.
2. Pengukuran Risiko Operasional dilakukan 2. Measurement of Operational Risk is carried

dengan melalui pencatatan dan/atau out by recording and / or accounting for
pembukuan atas kejadian risiko operasional, operational risk events, indicators and
indikator dan limit risiko operasional yang telah operational risk limits that have been
ditetapkan sebagai Operational Risk Appetite, determined as Operational Risk Appetite,
pelaksanaan KKP (Kertas Kerja Pemeriksaan) implementation of KKP (Examination Working
dan KCSA (Key Control Self Assessment), Paper) and KCSA (Key Control Self
pelaporan KORI (Key Operational Risk Assessment), KORI (Key Operational Risk
Indicator) dan Perhitungan Beban Modal untuk Indicator) and Calculation of Capital Expenses
Risiko Operasional. for Operational Risk.
3. Pemantauan Risiko Operasional dilakukan 3. Operational Risk monitoring is carried out by
dengan analisa pada berbagai macam laporan analyzing various reports such as Risk / Loss
seperti Laporan Risk/Loss Event, Laporan Event Reports, KORI Reports, SINP Reports
KORI, Laporan SINP (Significant Incident (Significant Incident Notification Protocol),
Notification Protocol), Laporan Pelaksanaan KCSA Implementation Reports (Key Control
KCSA (Key Control Self Assessment), Laporan Self Assessment), Risk Profile Reports and
Profil Risiko dan laporan hasil ICR serta ICR results reports and parameters that have
parameter yang sudah ditentukan oleh been determined by the regulator in the
regulator di dalam Profil Risiko Operasional. Operational Risk Profile.
4. Pengendalian risiko operasional dilakukan 4. Operational risk control is carried out through
melalui berbagai rencana tindakan dimana various action plans, one of which is risk
salah satunya adalah transfer risiko dengan transfer with insurance protection. The Bank
perlindungan asuransi. Bank juga menerapkan also implements a Business Continuity
kerangka kerja Business Continuity Management (BCM) framework as a form of
Management (BCM) sebagai bentuk operational risk control. Regular training is
pengendalian risiko operasional. Pelatihan conducted to increase RTU's understanding
(training) secara regular dilakukan untuk and awareness of operational risk
meningkatkan pemahaman dan kesadaran management.
RTU terhadap manajemen risiko operasional.
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PT BANK BTPN Tbk

Pengelolaan Risiko Operasional (lanjutan) Operational Risk Management (continued)
Proses pengelolaan risiko operasional sehari-hari The daily operational risk management process at
baik di Bank maupun Entitas Anak dilakukan melalui both the Bank and Subsidiary are carried out
ORMS (Operational Risk Management System) yang through an ORMS (Operational Risk Management
merupakan aplikasi online real-time untuk System) which is a real-time online application to
memudahkan pencatatan, analisis, dan pelaporan facilitate recording, analysis and reporting of
dari data risiko operasional, dengan kemampuan operational risk data, with the ability to carry out risk
melakukan identifikasi risiko, penilaian/pengukuran, identification, assessment/measurement,
pemantauan dan pengendalian/mitigasi yang monitoring and control / mitigation which are carried
dilaksanakan secara terintegrasi, sehingga dapat out in an integrated manner, so as to increase the
meningkatkan efektivitas dari pengelolaan risiko effectiveness of operational risk management.
operasional.
Perhitungan Kewajiban Penyediaan Modal Minimum The calculation of the Capital Adequacy Ratio
(KPMM) untuk risiko operasional yang dilakukan oleh (KPMM) for operational risk is currently carried out
Bank dan Entitas Anak saat ini menggunakan by the Bank and Subsidiary using the Basic
Pendekatan Indikator Dasar (Basic Indicator Indicator Approach. Furthermore, KPMM with the
Approach). Selanjutnya KPMM dengan Pendekatan Standardized Approach will be carried out
Standar (Standardized Approach) akan dilakukan according to the schedule set by the Financial 579
sesuai dengan jadwal yang ditentukan oleh Otoritas Services Authority.
Jasa Keuangan.

Bank dan Entitas Anak telah memiliki pedoman bagi The Bank and Subsidiary have guidelines for
Pengelolaan Kelangsungan Usaha yang comprehensive Business Continuity Management
komprehensif dan mengacu kepada standard industri and refer to the ISO 22301 industry standard, with
ISO 22301, dengan tujuan untuk mengantisipasi risiko the aim of anticipating operational risks that can
operasional yang dapat terjadi dari situasi occur from extreme / critical situations due to
ekstrim/kritikal karena bencana alam seperti banjir, natural disasters such as floods, earthquakes and
gempa bumi dan juga faktor lainnya seperti other factors such as fire, power supply system
kebakaran, gangguan sistem pasokan listrik, hingga disruption, to an unfavorable business situation.
situasi bisnis yang kurang menguntungkan. Hal ini This is to ensure continuity of service to customers
untuk memastikan kelangsungan layanan kepada is guaranteed.
nasabah tetap terjamin.
Sejak awal penyebaran virus COVID-19 di Indonesia, Since the beginning of COVID-19 virus outbreak in
Bank senantiasa berusaha untuk meminimalisir Indonesia, the Bank continuously makes an effort
penyebaran virus COVID-19 di lingkungan kantor to minimize the outbreak of COVID-19 virus at the
dengan membentuk suatu satuan gugus tugas yang office environment by establishing a Task Force
dikepalai langsung oleh Direktur Utama. Adapun which is directly led by the President Director. The
tujuan utama satuan gugus tugas Bank ini yaitu Task Force main purpose is to establish and
membuat dan melakukan langkah-langkah antisipasi implement anticipative approaches which are
yang juga menyelaraskan dengan program aligned with the government program to ensure that
pemerintah guna memastikan kegiatan operasional the Bank can still operate its operational activities
Bank tetap dapat berjalan tanpa gangguan yang with minimum disruption.
berarti.
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PT BANK BTPN Tbk

43. ASET DAN LIABILITAS DALAM MATA UANG 43. ASSETS AND LIABILITIES IN FOREIGN
ASING CURRENCIES
Saldo aset dan liabilitas moneter dalam mata uang The balances of monetary assets and liabilities in
asing adalah sebagai berikut : foreign currencies are as follows :
2020 2019
ASET ASSETS
Kas Cash
33,713 28,618
Giro pada Bank Indonesia Current accounts with Bank Indonesia

Giro pada bank-bank lain Current accounts with other banks

Dolar Singapura 32,465 46,378 Singapore Dollar
Euro Eropa 82,967 35,410 European Euro
Baht Thailand 3,024 15,955 Thailand Baht
Poundsterling Inggris 10,421 7,257 Great Britain Poundsterling
Dolar Australia 15,636 3,173 Australian Dollar
494,297 844,081
580 Penempatan pada Bank Indonesia dan bank-bank lain Placements with Bank Indonesia and
other banks
Dolar Amerika Serikat 1,178,879 769,663 United States Dollar


Euro Eropa - 13,811 European Euro
948,581 844,538
Pinjaman yang diberikan Loans

Euro Eropa 181,335 - European Euro
40,947,416 37,738,661
Aset lain-lain Other assets

Euro Eropa 233 210 European Euro
21,537 12,127
Jumlah aset 47,202,893 48,426,736 Total assets
220
PT BANK BTPN Tbk
43. ASET DAN LIABILITAS DALAM MATA UANG 43. ASSETS AND LIABILITIES IN FOREIGN
ASING (lanjutan) CURRENCIES (continued)
2020 2019
Giro Current accounts

Dolar Amerika Serikat 7,530,996) 7,866,301) United States Dollar
Yen Jepang 708,484) 1,036,827) Japanese Yen
Lain-lain 61,417) 40,075) Others
8,300,897) 8,943,203)
Tabungan Savings deposits

Dolar Amerika Serikat 284,829) 95,712) United States Dollar
Dolar Singapura 27,912) 34,794) Singapore Dollar
Yen Jepang 19,915) 17,854) Japanese Yen
Lain-lain 32,472) -) Others
365,128) 148,360)
Deposito berjangka dan deposito on call Time deposits and deposits on call
Yen Jepang 49,524) 48,982) Japanese Yen
1,692,269) 2,980,113)

Dolar Amerika Serikat 6,533,250) 7,288,212) United States Dollar 581
Liabilitas derivatif Derivative payables

Euro Eropa -) 13,811) European Euro
489,089) 331,029)
Pinjaman yang diterima Borrowings

Euro Eropa 344,689) -) European Euro
22,852,789) 31,193,978)
Pinjaman subordinasi Subordinated loans

Liabilitas lain-lain Other liabilities

Yen Jepang 4,672) 3,050) Japanese yen
80,124) 161,746)
Jumlah liabilitas 46,527,930) 57,140,257) Total liabilities
Aset (liabilitas) bersih 674,963) (8,713,521) Net assets (liabilities)
221
PT BANK BTPN Tbk

44. JAMINAN PEMERINTAH TERHADAP LIABILITAS 44. GOVERNMENT GUARANTEE ON OBLIGATIONS

PEMBAYARAN BANK UMUM OF COMMERCIAL BANKS
Berdasarkan Undang-Undang No. 24 tanggal Based on Law No. 24 dated 22 September 2004,
22 September 2004 yang berlaku efektif sejak effective on 22 September 2005, which was
tanggal 22 September 2005, sebagaimana diubah amended by the Government Regulation as
dengan Peraturan Pemerintah Pengganti Undang- Substitution of Law No. 7 Year 2009 dated
undang Republik Indonesia No. 7 Tahun 2009 13 January 2009 regarding with the Determination
tanggal 13 Januari 2009 tentang Penetapan of Government Regulation as Substitution of Law
Peraturan Pemerintah Pengganti Undang-Undang No. 3 Year 2008,
No. 3 Tahun 2008, dibentuk untuk menjamin was formed to guarantee certain liabilities of
liabilitas tertentu bank-bank umum berdasarkan commercial banks under the applicable guarantee
program penjaminan yang berlaku, yang besaran program, which the amount of guarantee can be
nilai jaminannya dapat berubah jika memenuhi amended if the situation complies with the valid
kriteria tertentu yang berlaku. particular criterias.
Berdasarkan Peraturan Pemerintah Republik Based on Government Regulation No. 66 year 2008
Indonesia No. 66 tahun 2008 tanggal dated 13 October 2008 regarding The Amount of
13 Oktober 2008 mengenai Besarnya Nilai Deposit Guaranteed by Indonesia Deposit
Simpanan yang Dijamin Lembaga Penjaminan Insurance Agency (LPS), the amount of deposits
Simpanan (LPS), maka pada tanggal covered by LPS is customer deposits up to Rp 2,000
31 Desember 2020 dan 2019 jumlah simpanan yang per depositor per bank as of 31 December 2020 and
582 dijamin LPS adalah simpanan sampai dengan 2019.
Rp 2.000 untuk per nasabah per bank.
Berdasarkan Siaran Pers No. 26/VII/2020 tanggal Based on Press Release No. 26/VII/2020 dated
29 Juli 2020, simpanan nasabah dijamin hanya jika 29 July 2020, customer deposits are only covered
suku bunganya sama dengan atau di bawah 5,25% if the rate of interest is equal to or below 5.25% for
untuk simpanan dalam Rupiah dan 1,50% untuk deposits denominated in Rupiah and 1.50% for
simpanan dalam mata uang asing pada tanggal deposits denominated in foreign currency as of
31 Desember 2020 (31 Desember 2019: masing- 31 December 2020 (31 December 2019: 6.50%
masing 6,50% dan 2,00%). and 2.00%, respectively).
Berdasarkan Siaran Pers No. PRESS- Based on Press Relase No. PRESS-39/SEKL/2020
38/SEKL/2020 tanggal 24 November 2020, tingkat dated 24 November 2020, the guaranteed interest
bunga penjaminan LPS mengalami penurunan rate by LPS has decreased to 4.50% for deposits
menjadi 4,50% untuk simpanan dalam Rupiah dan denominated in Rupiah and 1.00% for deposit
1,00% untuk simpanan dalam mata uang asing. denomintaed in foreign currency.
Bank dan Entitas Anak adalah peserta dari program The Bank and Subsidiary both are participants of the
penjaminan tersebut. Premi yang telah dibayarkan guarantee program. Premium paid for the years
selama tahun yang berakhir pada tanggal ended 31 December 2020 and 2019 was
31 Desember 2020 dan 2019 masing-masing Rp 187,955 and Rp 189,114, respectively.
adalah Rp 187.955 dan Rp 189.114.
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PT BANK BTPN Tbk
45. STANDAR AKUNTANSI YANG DITERBITKAN 45. ISSUED BUT NOT YET EFFECTIVE ACCOUNTING
NAMUN BELUM BERLAKU EFEKTIF STANDARDS
Pernyataan Standar Akuntansi Keuangan (PSAK) The relevant Statements of Financial Accounting
relevan yang telah disahkan oleh Dewan Standar Standards (PSAK)) issued by the Board of Financial
Akuntansi Keuangan (DSAK) namun belum berlaku Accounting Standards (DSAK) but not yet effective
efektif untuk laporan keuangan konsolidasian untuk for the consolidated financial statements for the year
tahun yang berakhir pada tanggal ended 31 December 2020 are as follows:
31 Desember 2020 adalah sebagai berikut:
PSAK yang akan berlaku sejak tanggal PSAK that will become effective on
1 Januari 2021: 1 January 2021:
- PSAK No. 112 Akuntansi Wakaf , - PSAK No. 112 Accounting for Endowments ,
- Amandemen PSAK No. 22 (Amandemen - Amendments to PSAK No. 22 (2019
2019), "Kombinasi Bisnis: Definisi Bisnis", Amandment"), "Business Combinations:
Definition of Business)"
- Amendemen PSAK No. 71, "Instrumen - Amendments to PSAK No. 71, "Financial
Keuangan", Instruments",
- Amendemen PSAK No 55, "Instrumen - Amendments to PSAK No. 55, "Financial
Keuangan: Pengakuan dan Pengukuran", Instruments: Recognition and Measurement",
- Amendemen PSAK No. 60 "Instrumen - Amendments to PSAK No. 60 "Financial 583
Keuangan: Pengungkapan", Instruments: Disclosures",
- -

Amendemen PSAK No. 73 "Sewa" Amendments to PSAK No. 73 "Leases"
- Penyesuaian PSAK No. -
- Penyesuaian PSAK No. 111 -
PSAK yang akan berlaku sejak tanggal PSAK that will become effective on 1 January 2022:
1 Januari 2022:
- - Amendments to PSAK No.
Combination Reference to Conceptual
F
- - Amendments to
Kontinjensi, dan Aset Kontinjensi tentang Contingent Liabilities and Contingent Assets:
Kontrak Memberatkan - Biaya Memenuhi Onerous Contracts - Cost of Fulfilling a
Contract
- - Annual improvements to PSAK No. 71
,
- - Annual improvements to PSAK No. 73 Leases
PSAK yang akan berlaku sejak tanggal PSAK that will become effective on 1 January 2023:
1 Januari 2023:
- - Presentation of
Keuangan tentang Klasifikasi Liabilitas sebagai Financial Statements: Classification of
Jangka Pendek atau Jangka Panjang Liabilities as Current or Non-
Pada saat penerbitan laporan keuangan As at the authorization date of these consolidated
konsolidasian, Bank dan Entitas Anak masih financial statements, the Bank and Subsidiary are
mengevaluasi dampak yang mungkin timbul dari still evaluating the potential impact of the new
penerapan standar baru tersebut serta standard to the consolidated financial statements.
pengaruhnya terhadap laporan keuangan
konsolidasian.
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PT BANK BTPN Tbk

46. REKONSILIASI UTANG BERSIH 46. NET DEBT RECONCILIATION

Surat utang
Utang jangka Pinjaman
Pinjaman yang obligasi/ menengah/ subordinasi/ Liabilitas
diterima/ Bonds Medium term Subordinated sewa/Lease Jumlah/
Borrowings payable notes loans liabilities Total
Utang bersih tanggal Net debt as of

1 Januari 2019 8,556,874) 1,217,317) -) -) - 9,774,191) 1 January 2019
Efek dari
penggabungan
usaha 30,221,176) -) 1,314,228) 6,108,270) - 37,643,674) Effect of merger
Arus kas (559,079) 690,008) -) -) - 130,929) Cash flows
Perubahan lain*) (30,045) (13,074) 8,435) (63,077) - (97,761) Other changes *)
31 Desember 2019 38,188,926) 1,894,251) 1,322,663) 6,045,193) - 47,451,033) 31 December 2019
Dampak penerapan Effect of intial
awal PSAK 73 implementation of
(Catatan 2d) - - - - 658,399) 658,399)) PSAK 73 (Notes 2d)
Arus kas (6,987,026) (874,920) (1,322,663) -) (173,566) (9,358,175) Cash flows
Perubahan lain*) (18,556) (18,906) -) 70,787) 104,903) 138,228) Other changes *)
31,183,344) 1,000,425) -) 6,115,980) 589,736) 38,889,485)
*) Perubahan lain termasuk pergerakan non-kas yang merupakan *) Other changes include non-cash movements which are effect of
dampak perubahan selisih kurs, amortisasi biaya transaksi, dan exchange rate, amortisation of transaction cost, and accrued interest
akrual beban bunga expenses
584
47. DAMPAK PENERAPAN AWAL PSAK 71 47. IMPACT OF INITIAL IMPLEMENTATION OF
PSAK 71
Sebagaimana dijelaskan dalam Catatan 2d, Bank As described in Note 2d, the Bank adopted
menerapkan PSAK 71 pada tanggal 1 Januari 2020. PSAK 71 as of 1 January 2020.
Tabel berikut menunjukkan kategori klasifikasi awal The following table shows the original classification
sesuai dengan PSAK 55 dan kategori klasifikasi categories in accordance with PSAK 55 and the
baru berdasarkan PSAK 71 untuk aset keuangan new classification categories under PSAK 71 for
pada tanggal 1 Januari 2020. financial assets as of 1 January 2020.
Karena PSAK 71 mempertahankan hampir semua Since PSAK 71 largely retains the requirement in
ketentuan klasifikasi liabilitas keuangan PSAK 55, PSAK 55 for the classification of financial liabilities,
tidak ada perubahan dalam klasifikasi liabilitas there are no changes in the classification of the
keuangan Bank sebelum dan sesudah penerapan
PSAK 71. adoption of PSAK 71.
Cadangan kerugian penurunan nilai instrumen The allowance for impairment loss for financial
keuangan dihitung kembali sesuai dengan instruments was recalculated in accordance with
ketentuan transisi PSAK 71 pada tanggal 1 Januari transitional provisions of PSAK 71 as of
2020 dan perbedaan yang dihasilkan menyebabkan 1 January 2020 and the resulting difference
kenaikan cadangan kerugian penurunan nilai dari created an increase from allowance for impairment
31 Desember 2019 sebesar Rp 497.165, didebitkan loss for financial instruments as of 31 December
ke saldo laba tanggal 1 Januari 2020 sebesar 2019 by Rp 497,165, debited to retained earnings
Rp 372.874 setelah pajak. at 1 January 2020 amounting to Rp 372,874, net of
tax.
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PT BANK BTPN Tbk
47. DAMPAK PENERAPAN AWAL PSAK 71 (lanjutan) 47. IMPACT OF INITIAL IMPLEMENTATION OF
PSAK 71 (continued)
Tabel berikut ini menunjukkan akun-akun dalam laporan The following table reflects accounts in the
posisi keuangan konsolidasian yang terdampak oleh consolidated statement of financial position
transisi PSAK 71 pada tanggal 1 Januari 2020: which were affected by the transition of
PSAK 71 as of 1 January 2020:
Dampak
Kategori yang didefinisikan oleh:/ penerapan awal
Category as defined by: PSAK 71/
PSAK 55 Impact of initial PSAK 71
31 Desember/ implementation 1 Januari/
PSAK 55 PSAK 71 December 2019 of PSAK 71 January 2020
Aset Keuangan Financial Assets
Pinjaman yang
Giro pada Bank Indonesia diberikan Biaya perolehan 8,987,079) -) 8,987,079) Current accounts with
dan piutang/ diamortisasi/ Bank Indonesia
Loans and receivables Amortised cost
Pinjaman yang
Giro pada bank-bank lain diberikan Biaya perolehan 1,056,904) -) 1,056,904) Current accounts with
dan piutang/ diamortisasi/ other banks
Dikurangi: Cadangan
kerugian -) (95) (95) Less: Allowance for
penurunan nilai impairment losses
Pinjaman yang
Penempatan pada Bank
Indonesia dan bank-
diberikan
dan piutang/
Biaya perolehan
diamortisasi/
8,914,104) -) 8,914,104) Placements with Bank
Indonesia and
585
bank lain Loans and receivables Amortised cost other banks
Dikurangi: Cadangan

kerugian -) (409) (409) Less: Allowance for
Efek-efek (di luar efek Dimiliki hingga jatuh Biaya perolehan 1,791,330) -) 1,791,330) Securities (exclude
syariah dan tempo/Held-to-maturity diamortisasi/ sharia securities and
pendapatan bunga Amortised cost accrued interest
yang masih akan income)
diterima Tersedia untuk dijual/ Nilai wajar melalui 5,599,577) -) 5,599,577)
Available-for-sale penghasilan
komprehensif lain/ Fair
value through other
Pinjaman yang
diberikan Biaya perolehan 1,191,965) -) 1,191,965)
dan piutang/Loans and diamortisasi/
receivables Amortised cost
Dikurangi: Cadangan
kerugian (6) (452) (458) Less: Allowance for
Tagihan derivatif Nilai wajar melalui Nilai wajar melalui 840,372) -) 840,372) Derivative receivables
laba rugi/Fair value laba rugi/Fair value
through profit or loss through profit or loss
Pinjaman yang
Tagihan akseptasi diberikan Biaya perolehan 1,692,460) -) 1,692,460) Acceptance receivables
dan piutang/ diamortisasi/
Dikurangi: Cadangan
kerugian (69) (2,611) (2,680) Less: Allowance for
Pinjaman yang
Pinjaman yang diberikan diberikan Biaya perolehan 133,498,367) -) 133,498,367) Loans
Dikurangi: Cadangan
kerugian (1,175,080) (460,214) (1,635,294) Less: Allowance for
Penyertaan saham Tersedia untuk Nilai wajar melalui 22,522) -) 22,522) Investment in shares
dijual/Available-for-sale laba rugi/Fair value
through profit loss
Pinjaman yang
Aset lain-lain diberikan Biaya perolehan 177,188) -) 177,188) Other assets
)
Pindahan (463,781) Carry forward
225
PT BANK BTPN Tbk

47. DAMPAK PENERAPAN AWAL PSAK 71 47. IMPACT OF INITIAL IMPLEMENTATION OF

(lanjutan) PSAK 71 (continued)
Dampak
Kategori yang didefinisikan oleh:/ penerapan awal
Category as defined by: PSAK 55 PSAK 71/
31 Desember/ Impact of initial PSAK 71
December implementation of 1 Januari/
PSAK 55 PSAK 71 2019 PSAK 71 January 2020
Pindahan (463,781) Carry forward
Liabilitas keuangan Financial Liabilities

Liabilitas segera Biaya perolehan Biaya perolehan (18,268) -) (18,268) Obligation due
diamortisasi/ diamortisasi/ immediately
Amortised cost Amortised cost
Simpanan nasabah Biaya perolehan Biaya perolehan (79,599,416) -) (79,599,416) Deposits from
diamortisasi/ diamortisasi/ customers
Simpanan dari bank-bank lain Biaya perolehan Biaya perolehan (11,690,555) -) (11,690,555) Deposits from
diamortisasi/ diamortisasi/ other banks
Liabilitas derivatif Biaya perolehan Biaya perolehan (894,947) -) (894,947) Derivative

diamortisasi/ diamortisasi/ payables
Liabilitas akseptasi Biaya perolehan Biaya perolehan (888,459) -) (888,459) Acceptance

diamortisasi/ diamortisasi/ payables
586 Amortised cost Amortised cost
Efek-efek yang diterbitkan Biaya perolehan Biaya perolehan (3,216,914) -) (3,216,914) Securities issued
diamortisasi/ diamortisasi/
Pinjaman yang diterima Biaya perolehan Biaya perolehan (38,188,926) -) (38,188,926) Borrowings
Akrual Biaya perolehan Biaya perolehan (451,386) -) (266,545) Accruals

Liabilitas lain-lain Biaya perolehan Biaya perolehan (582,809) (33,384) (616,193) Other liabilities
Pinjaman subordinasi Biaya perolehan Biaya perolehan (6,045,193) -) (6,045,193) Subordinated loans
Jumlah (497,165) Total
Efek pajak (Catatan 13f) 124,291) Tax effect (Note 13f)
Jumlah setelah pajak (372,874)
Total net of tax
48. REKLASIFIKASI AKUN 48. RECLASSIFICATION OF ACCOUNTS
Beberapa akun dalam informasi komparatif telah Certain accounts in the comparative information
direklasifikasi agar sesuai dengan penyajian have been reclassified to conform with the
laporan laba rugi dan penghasilan komprehensif presentation of the consolidated statements of profit
lain konsolidasian untuk tahun berakhir pada or loss and other comprehensive income for the year
tanggal 31 Desember 2020. ended 31 December 2020.
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48. REKLASIFIKASI AKUN (lanjutan) 48. RECLASSIFICATION OF ACCOUNTS (continued)

Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassifications Reclassifications reclassifications
Laporan laba rugi dan Consolidated statements of profit

penghasilan komprehensif or loss and other
lain konsolidasian comprehensive income
Pendapatan dan beban Operating income and

operasional expense
Pendapatan bunga 14,627,058) (403,431) 14,223,627) Interest income
Beban bunga (7,513,059) 347,362) (7,165,697) Interest expenses
Pendapatan operasional lainnya Other operating income

Pendapatan operasional lainnya 973,750) 58,284) 1,032,034) Other operating income
Keuntungan dari selisih kurs
dan Net gain on foreign exchange
transaksi derivatif bersih 586,759) (2,215) 584,544) derivative transactions
Beban operasional lainnya Other operating expense
Beban kepegawaian (3,329,635) (8,950) (3,338,585) Personnel expense 587

General and administrative
Beban umum dan administrasi (3,262,539) 106,563) (3,155,976) expenses
Beban operasional lainnya (537,698) (97,613) (635,311) Other operating expenses

49. INFORMASI KEUANGAN TAMBAHAN 49. SUPPLEMENTARY FINANCIAL INFORMATION
Bank menerbitkan laporan keuangan konsolidasian The Bank issued the consolidated financial
yang merupakan laporan keuangan utama. Informasi statements as its primary financial statements. The
keuangan tambahan PT Bank BTPN Tbk (Entitas supplementary financial information of PT Bank
Induk) ini, dimana investasi pada Entitas Anak dicatat BTPN Tbk (Parent Entity) which account for
dengan metode harga perolehan, disajikan untuk investments in Subsidiary using the cost method,
dapat menganalisis hasil usaha entitas induk saja. have been prepared in
Informasi keuangan tambahan PT Bank BTPN Tbk results of operations can be analysed. The following
(Entitas Induk) (halaman 228-236) berikut ini harus supplementary financial information of PT Bank
dibaca bersamaan dengan laporan keuangan BTPN Tbk (Parent Entity) (pages 228-236) should be
konsolidasian PT Bank BTPN Tbk dan Entitas Anak. read in conjunction with the consolidated financial
statements of PT Bank BTPN Tbk and Subsidiary.
227
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
LAMPIRAN 1.1 APPENDIX 1.1
PT BANK BTPN Tbk

ENTITAS INDUK/PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENTS OF FINANCIAL POSITION

2020 2019
ASET ASSETS
Kas 1,323,222) 1,587,729) Cash
Giro pada Bank Indonesia 5,238,497) 8,528,677) Current accounts with Bank Indonesia
Giro pada bank-bank lain: Current accounts with other banks

- Pihak berelasi 370,551) 725,450) Related parties -
Dikurangi: Cadangan kerugian penurunan nilai (497) -) Less: allowance for impairment losses
893,575) 1,043,432)
Penempatan pada Bank Indonesia Placements with Bank Indonesia

dan bank-bank lain 14,354,017) 6,189,876) and other banks
Pendapatan bunga yang masih akan diterima 3,049) 218) Accrued interest income
14,357,066) 6,190,094)
588 Efek-efek ) Securities
12,201,417) 8,582,871)
Dikurangi: Cadangan kerugian penurunan nilai (291) (6) Less: Allowance for impairment losses
12,393,471) 8,616,262)
Tagihan derivatif ) Derivative receivables

917,082) 840,372)
Tagihan akseptasi 1,490,634) 1,692,460) Acceptance receivables

Dikurangi: Cadangan kerugian penurunan nilai (5,694) (69) Less: Allowance for impairment losses
1,484,940) 1,692,391)

- Pihak berelasi 1,206,768) 2,132,709) Related parties -
Dikurangi: Cadangan kerugian penurunan nilai (2,572,835) (1,175,080) Less: Allowance for impairment losses
124,708,725) 132,323,287)
Penyertaan saham 1,305,484) 1,303,643) Investment in shares

Beban dibayar dimuka 1,847,003) 2,140,893) Prepayments
Pajak dibayar dimuka Prepaid taxes:
- Pajak penghasilan 209,055) 321,312) Corporate income tax -
Aset pajak tangguhan 271,398) -) Deferred tax assets
Aset tetap 4,068,493) 3,201,234) Fixed assets

Dikurangi: Akumulasi penyusutan (2,042,622) (1,517,038) Less: Accumulated depreciation
2,025,871) 1,684,196)
Aset takberwujud 2,281,920) 2,009,007) Intangible assets

Dikurangi: Akumulasi amortisasi (1,404,745) (1,068,375) Less: Accumulated amortisation
877,175) 940,632)
Aset lain-lain 325,480) 279,814) Other assets
JUMLAH ASET 168,178,044) 167,492,734) TOTAL ASSETS
228
PT BANK BTPN Tbk


2020 2019
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Liabilitas segera 11,898) 8,644) Liabilities due immediately

- Pihak berelasi 4,440,111) 538,639) Related parties -
91,276,808) 77,703,531)

- Pihak ketiga 670,846) 4,368,251) Third parties -
- Pihak berelasi 5,904,428) 7,291,425) Relate parties -
Beban bunga yang masih harus dibayar 370) 57,081) Accrued interest expenses
6,575,644) 11,716,757)
589
Liabilitas derivatif 887,157) 894,947) Derivative payables
Liabilitas akseptasi 767,282) 888,459) Acceptance payables

Utang pajak: Taxes payable:
- Pajak penghasilan 180,663) 60,894) Income taxes -
- Pajak lain-lain 164,087) 101,416) Other taxes -
344,750) 162,310)
Efek-efek yang diterbitkan: Securities issued:

- Surat utang jangka menengah -) 1,301,409) Medium term notes -
- Utang obligasi 993,045) 1,889,219) Bonds payable -
1,000,424) 3,216,914)
Pinjaman yang diterima Borrowings
- Pihak berelasi 22,852,789) 31,193,978) Related parties -
Beban transaksi yang belum diamortisasi (21,908) (15,318) Unamortised transaction costs
31,183,344) 38,188,926)
Akrual 225,436) 266,545) Accruals
Liabilitas imbalan kerja karyawan: Employee benefits liabilities:

- Imbalan kerja jangka pendek 271,523) 360,987) Short-term employee benefits -
- Imbalan pascakerja dan imbalan jangka panjang Post-employment and other long-term -
lainnya 123,338) 26,436) employees benefits
394,861) 387,423)
Liabilitas pajak tangguhan -) 53,052) Deferred tax liability
Liabilitas sewa 496,797) -) Leases
Liabilitas lain-lain 589,812) 661,432) Other liabilities
Pinjaman subordinasi 6,111,750) 6,038,888) Subordinated loans

6,115,980) 6,045,193)
JUMLAH LIABILITAS 139,870,193) 140,194,133) TOTAL LIABILITIES
229
PT BANK BTPN Tbk


2020 2019
EKUITAS
Modal saham Share capital

Modal dasar Rp 300.000 Authorised capital of Rp 300,000
terdiri dari: consists of:
15.000.000.000 saham 15,000,000,000 shares
dengan nilai nominal with par value of
Rp 20 (nilai penuh) per saham Rp 20 (full amount) per share
Modal ditempatkan dan disetor penuh sebesar Issued and fully paid-up capital is
8.148.931.869 saham 8,148,931,869 shares
(31 Desember 2019: 8.148.928.869 saham) 162,979) 162,979) (31 December 2019: 8,148,928,869 shares)
Tambahan modal disetor 11,168,223) 11,168,215) Additional paid-in capital
Cadangan revaluasi aset tetap 797,886) 797,886) Reserve on revaluation of fixed assets
590 Cadangan pembayaran berbasis saham -) 244,012) Share-based payment reserve
Cadangan nilai wajar - bersih 101,211) 12,079) Fair value reserve - net
Saldo laba Retained earnings

- Dicadangkan 32,596) 23,361) Appropriated -
- Belum dicadangkan 16,046,559) 15,152,473) Unappropriated -
28,309,454) 27,561,005)
Komponen ekuitas lainnya 260,801) -) Other equity components
Saham tresuri (262,404) (262,404)) Treasury shares
JUMLAH EKUITAS 28,307,851) 27,298,601) TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 168,178,044) 167,492,734) TOTAL LIABILITIES AND EQUITY
230
PT BANK BTPN Tbk

LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
UNTUK TAHUN-TAHUN YANG BERAKHIR FOR THE YEARS ENDED
2020 2019
PENDAPATAN (BEBAN) BUNGA INTEREST INCOME (EXPENSES)

Pendapatan bunga 12,366,009) 14,223,627) Interest income
Beban bunga (5,281,544) (7,165,697) Interest expense
PENDAPATAN BUNGA BERSIH 7,084,465) 7,057,930) NET INTEREST INCOME
Pendapatan operasional lainnya: Other operating income:

Pendapatan komisi asuransi dan lain-lain 1,180,659) 1,015,352) Insurance commission income and others
Keuntungan dari selisih kurs dan transaksi derivatif Net gain on foreign exchange and
bersih 728,952) 584,544) derivative transactions
1,909,611) 1,599,896)
Beban operasional lainnya: Other operating expenses:

Beban kepegawaian (2,161,292) (2,239,560) Personnel expenses 591
Beban umum dan administrasi (2,562,967) (2,595,608) General and administrative expenses
Cadangan kerugian penurunan nilai (1,949,454) (1,136,480) Provision for impairment losses

Beban operasional lain-lain (566,822) (534,723) Other operating expenses
(7,240,535) (6,506,371)
PENDAPATAN OPERASIONAL BERSIH 1,753,541) 2,151,455) NET OPERATING INCOME
PENDAPATAN (BEBAN) NON-OPERATING

NON-OPERASIONAL INCOME (EXPENSES)
Pendapatan non-operasional 4,231) 3,084) Non-operating income
Beban non-operasional (6,325) (13,866) Non-operating expenses
(2,094) (10,782)
LABA SEBELUM PAJAK PENGHASILAN 1,751,447) 2,140,673) PROFIT BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN (357,717) (547,889) INCOME TAX EXPENSE
LABA BERSIH TAHUN BERJALAN 1,393,730) 1,592,784) NET PROFIT FOR THE YEAR
231
PT BANK BTPN Tbk

LAPORAN LABA RUGI DAN PENGHASILAN STATEMENTS OF PROFIT OR LOSS AND OTHER
KOMPREHENSIF LAIN COMPREHENSIVE INCOME
2020 2019
PENGHASILAN KOMPREHENSIF LAIN: OTHER COMPREHENSIVE INCOME:
Pos-pos yang tidak akan direklasifikasi Items that will not be reclassified
Pengukuran kembali liabilitas imbalan kerja Remeasurements from employee
karyawan (75,682) (42,969) benefits liabilities
Pajak penghasilan terkait pos-pos yang tidak akan Income tax relating to items that will not be
direklasifikasi ke laba rugi 19,964) 10,742) reclassified to profit or loss
(55,718) (32,227)
Pos-pos yang akan direklasifikasi Items that will be reclassified

592 Keuntungan yang belum direalisasi atas perubahan
nilai wajar efek-efek dalam kelompok tersedia Unrealised gain on fair value changes of
untuk dijual dan diukur pada nilai wajar melalui available for sale and measured at fair value
penghasilan komprehensif lain 113,653) 12,062) through comprehensive income securities
Pajak penghasilan terkait pos-pos yang akan Income tax relating to items that will be
direklasifikasikan ke laba rugi (24,521) (3,016) reclassified to profit or loss
89,132) 9,046)
PENGHASILAN KOMPREHENSIF LAIN TAHUN OTHER COMPREHENSIVE INCOME

BERJALAN, SETELAH PAJAK PENGHASILAN 33,414) (23,181) FOR THE YEAR, NET OF INCOME TAX
JUMLAH LABA KOMPREHENSIF TAHUN TOTAL COMPREHENSIVE INCOME

BERJALAN, SETELAH PAJAK PENGHASILAN 1,427,144) 1,569,603) FOR THE YEAR, NET OF INCOME TAX
LABA BERSIH PER SAHAM (NILAI PENUH) EARNINGS PER SHARE (FULL AMOUNT)
Dasar 173) 203) Basic
Dilusian 173) 200) Diluted
232
PT BANK BTPN Tbk

LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY

UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2020 DAN 2019 FOR THE YEARS ENDED 31 DECEMBER 2020 AND 2019

593
594
PT BANK BTPN Tbk

LAPORAN PERUBAHAN EKUITAS STATEMENTS OF CHANGES IN EQUITY

UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2020 DAN 2019 FOR THE YEARS ENDED 31 DECEMBER 2020 AND 2019
PT BANK BTPN Tbk

LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS

31 DESEMBER 2020 DAN 2019* 31 DECEMBER 2020 AND 2019
2020 2019
ARUS KAS DARI AKTIVITAS OPERASI CASH FLOWS FROM OPERATING ACTIVITIES
Penerimaan pendapatan bunga 12,350,181) 14,340,047) Receipts from interest

Pembayaran beban bunga (5,320,011) (7,340,094) Payments of interest expense
Penerimaan pendapatan operasional lainnya 1,993,035) 1,595,772) Receipts from other operating income
Penerimaan kembali kredit yang telah dihapusbukukan 95,800) 109,567) Recovery from written-off loans
Pembayaran beban kepegawaian (2,212,747) (2,291,167) Payments of personnel expenses
Pembayaran beban operasional lainnya (2,132,992) (2,260,201) Payments of other operating expenses
Pembayaran lain-lain (2,766) (6,631) Other payments
Pembayaran pajak penghasilan badan (237,948) (747,635) Payments of corporate income tax
Arus kas sebelum perubahan dalam aset dan Cash flows before changes in operating assets
liabilitas operasi 4,532,552) 3,399,658) and liabilities
(Kenaikan) penurunan aset operasi: (Increase) decrease in operating assets:

Efek-efek yang dibeli dengan janji dijual kembali -) 1,591,672) Securities purchased under resale agreement
Pinjaman yang diberikan 5,010,224) (4,980,410) Loans
Tagihan derivatif (76,710) ) (53,974) Derivative receivables 595
Tagihan akseptasi 207,451) 966,125) Acceptance receivables
Kenaikan (penurunan) liabilitas operasi: Increase (decrease) in operating liabilities:

Liabilitas segera 3,254) (3,004) Obligation due immediately
Simpanan nasabah 13,515,495) (15,804,325) Deposits from customers
Simpanan dari bank-bank lain (5,084,402) 4,822,718) Deposits from other banks
Liabilitas derivatif (7,790) (222,689) Derivative payables
Liabilitas akseptasi (121,177) (1,086,023) Acceptance receivables
Arus kas diperoleh dari (digunakan untuk) Net cash flows provided from (used in)
aktivitas operasi 17,978,897) (11,370,252) operating activities
)
ARUS KAS DARI AKTIVITAS INVESTASI CASH FLOWS FROM INVESTING ACTIVITIES
Pembelian efek-efek (66,769,061) (28,997,061) Purchases of securities

Penerimaan dari pelepasan efek-efek 63,217,538) 31,122,898) Proceeds from disposal of securities
Pembelian aset tetap (126,928) (204,941) Purchases of fixed assets
Perolehan aset hak guna (22,332) -) Purchases of right-of-use assets
Perolehan aset takberwujud (515,570) (359,041) Purchases of intangible assets
Hasil dari penjualan aset tetap 2,588) 3,864) Proceeds from sale of fixed assets
Pengalihan kas dan setara kas sehubungan dengan Cash and cash equivalents transfer due
penggabungan usaha -) 11,289,137) to merger
Penambahan penyertaan saham -) 2,049) Additional investment in shares
Arus kas bersih (digunakan untuk) diperoleh dari Net cash flows (used in) provided from
aktivitas investasi (4,213,765) 12,856,905) investing activities
ARUS KAS DARI AKTIVITAS PENDANAAN CASH FLOWS FROM FINANCING ACTIVITIES
Pembayaran efek-efek yang diterbitkan (2,197,583) (300,000) Payments of securities issued

Penerimaan dari efek-efek yang diterbitkan -) 1,000,000) Proceeds from issuance of bonds
Pembayaran beban emisi obligasi -) (9,992) Payments bonds issuance cost
Pembayaran biaya transaksi atas pinjaman yang diterima (10,450) (7,077) Payments of borrowing transaction cost
Penerimaan dari pinjaman yang diterima 29,153,346) 172,265,489) Proceeds from borrowings
Pembayaran angsuran dan pelunasan pinjaman yang Installment payments and settlement
diterima (36,129,922) (172,817,491) of borrowings
Hasil penerbitan saham 8) 1,141) Proceeds from shares issued
Pembayaran pokok liabilitas sewa (132,481) -) Payment of principal lease liabilities
Arus kas bersih (digunakan untuk) diperoleh dari Net cash flows (used in) provided from
aktivitas pendanaan (9,317,082) 132,070) financing activities
235
PT BANK BTPN Tbk

LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS

2020 2019
KENAIKAN BERSIH NET INCREASE IN
KAS DAN SETARA KAS 4,448,050) 1,618,723) CASH AND CASH EQUIVALENTS
DAMPAK PERUBAHAN SELISIH KURS TERHADAP EFFECT OF EXCHANGE RATE CHANGES ON

KAS DAN SETARA KAS (10,562) (35,026) CASH AND CASH EQUIVALENTS

SALDO KAS DAN SETARA KAS AWAL TAHUN 17,886,451) 16,302,754) BEGINNING OF YEAR

SALDO KAS DAN SETARA KAS AKHIR TAHUN 22,323,939) 17,886,451) END OF YEAR
596 Kas dan setara kas akhir tahun terdiri dari: Cash and cash equivalents at end of year consists of:
Kas 1,323,222) 1,587,729) Cash
Giro pada Bank Indonesia 5,238,497) 8,528,677) Current accounts with Bank Indonesia
Giro pada bank-bank lain 893,575) 1,043,432) Current accounts with other banks
bank-bank lain 14,354,017) 6,189,876) other banks
Efek-efek 514,628) 536,737) Securities
)
22,323,939) 17,886,451)
SUPPLEMENTAL CASH FLOWS
INFORMASI TAMBAHAN ARUS KAS: INFORMATION:
AKTIVITAS YANG TIDAK MEMPENGARUHI ACTIVITIES NOT AFFECTING

ARUS KAS CASH FLOWS
Penerbitan modal saham sehubungan dengan

penggabungan usaha -) 9,754,134) Issuance of shares in relation with merger
Cadangan pembayaran berbasis saham 16,789) 37,736) Share-based payment reserves
Pembelian aset tetap yang masih terhutang (287) (1,402) Acquisition of fixed assets still unpaid
236
Attachment
FINANCIAL SERVICES AUTHORITY CIRCULAR LETTER NO. 9/SEOJK.03/2020 CONCERNING

TRANSPARENCY AND PUBLICATION OF CONVENTIONAL COMMERCIAL BANK REPORTS
Description Page
1. General Information
a. Financial Highlights presents financial information in a comparative format for 2 (two) financial years, or since the Bank 14-15
begins its business for banks that have been in business for less than 2 (two) years. At the very least, financial highlights
covers:
1) Net interest income; 14
2) Operating profit; 14
3) Profit before tax; 14
4) Net profit; 14
5) Total comprehensive profit/loss; 14
6) Net income per share; 14

597
7) Total assets; 14
8) Total liabilities; 14

9) Total equity; 14
10) Earning assets; 14
11) Third party funds; 14
12) Borrowings; 14
13) CAR; 15
14) Return on Asset (ROA); 15
15) Return on Equity (ROE); 15
16) Profit margin (profit/loss to income ratio); -
17) Rasio Beban Operating Expenses to Operating Income Ratio (BOPO); 15
18) Cost to Income Ratio (CIR); -
19) Percentage of Violation and Exceedance of Legal lending Limit (LLL); 15
20) Mandatory Minimum Reserves (GWM) Ratio; 15
21) Net Open Position (PDN) Ratio; and 15
22) Other information and ratios relevant to the banking industry. 15
b. Bank Profile 56
Bank profile covers at the very least:
1) Name of Bank, including if any, change of name, reaon for the change, and effective date of name change in the 56
financial year;
2) Access to the Bank, including branch or representative offices, whereby the general public may obtain information on 56
the Issuer or Public Company, comprising of:
a) Address; 56
b) Telephone number; 56
c) E-mail address; and 56
d) Website address; 56
3) Brief profile of the Bank; 57
4) Vision and mission of the Bank; 64
5) Line(s) of business according to the latest articles of association, business activites performed in the Financial Year, 60-61
and types of products and/or services provided;
6) Organization structure of Bank, at the very least to 1 (one) level below the Directors, with names and positions; 62-63
SEOJK Reference
Description Page
7) Shareholding structure and composition, that is, names of shareholders and percentage of shareownership, including: 99-101
a) Shareholders with a minimum of 5% (five percent) of shares of the Bank; 100
b) Members of the Board of Directors and Board of Commissioners that own shares of the Bank; 101
c) Public shareholders, that is, shareholders that each held less than 5% (five percent) of shares of the Bank; 99
d) information on the majority and controlling shareholder(s) of the Bank, direct or indirect, up to the individual 99
ultimate shareholders, presented in a schematic diagram or chart;
8) Name of subsidiary entity, associated company or joint venture company where the Bank exercise a joint control with 102
the entity, along with the percentage of shareownership, lines of business, total assets, and operating status of the
entity (if any);
9) For subsidiary entities, include information on address of such subsidiary entities; 102
10) Profiles of the Board of Directors and Board of Commissioners, covering at least
a) Composition of the Board of Directors and the Board of Commissioners, along with the position and brief resume 66-80
of the respective members thereof;
b) Names and position according to the duties and responsibilities; 66-80
c) Latest photograph; 66-80
d) Age; 66-80
e) Nationality; 66-80
f) Education background; 66-80
598 g) Work history, including information on: 66-80
(1) Legal basis of appointment as member of the Board of Directors and Board of Commissioner of the Bank 66-80
(2) Concurrent position(s), as member of the board of directors, board of commissioners, and/or committes and 66-80
other position (if any); and
(3) Work history, with period of service thereon, with or without the Bank; 66-80
h) Education and/or training attended by member of the Board of Directors and Board of Commissioners for 66-80
competence development during the financial year (if any); and
i) Affiliation with other member of the Board of Directors, Board of Commissioners, or the majority shareholder (if 66-80
any), disclosing the name of affiliated party.
11) In the event of changes in the membership composition of the Board of Directors and/or the Board of Commissioners -
occuring subsequent to the end of the Financial Year and up to the deadline for submission of the annual report of
published financial statements and information on financial performance, membership composition of the Board of
Directors and/or Board of Commissioners shall be presented both prior and after such change(s);
12) Brief profiles of executive officers, with structure, position and summary curriculum vitae; 88-90
13) Total headcount, and employee distribution in the Financial Year by education and age; and 91-92
14) Awards and/or certifications in domestic as well as international scope, received by the Bank in the last Financial Year 24-25
(if any), which covers:
a) Name of award and/or certification; 24-25
b) Issuing institution or agency; and 24-25
c) Validity period of such award and/or certification (if any). 24-25
2. Information on Financial Performance
a. Report of the Board of Directors 36-45
Brief description of the Bank performance, at the very least covering:
1) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks that have an 39-41
UUS;
2) Comparison between achievement and targets; 40
3) Constraints faced by the Bank; 38
4) Overview of business prospects; 42
5) Implementation of Bank governance;
6) Changes in the composition of the Board of Directors and reason for such changes (if any); 44
7) Organization structure; 62-63
8) Primary activities; 60-61
9) Information Technology; 43
Description Page
10) Types of products and services, including lending to debtors in the micro-, small- and medium-business sectors; 61
11) Interest rates on deposits and loans; 41
12) Developments in the economy and target market; 38
13) Business and partnership networks, domestic and/or overseas; -
14) Number, types and location of offices; 102
15) Ownership by the board of directors, board of commissioners and shareholders in the business group of the Bank; 101
16) Significant changes at the Bank or the Bank’s business group in the reporting year; 38
17) Prediction of significant future issues; and 42
18) Human resources, covering number of employees as well as education, training, and development programs for human 91-92
resources.
b. Report of the Board of Commissioners 28-33
The report of the Board of Commissioners covers at least:
1) Structure of the Board of Commissioners, with position and summary curriculum vitae; 66-70
2) Assessment of the performance of the Board of Directors in the management of the Bank; 29-30
3) Supervision of the implementation of Bank’s strategies; 30
4) Opinion on the business prospects as prepared by the Board of Directors; 31
5) Opinion on the implementation of Bank governance; 32
6) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and 33 599
7) Frequency and mechanism for advising members of the Board of Directors; 32
c. Management Discussion & Analysis

Management discussion and analysis presents an analysis and discussion of financial statements accounts and other
important information with an emphasis on material changes that occurred during the Financial Year, which at least includes:
1) Review of operations by business segment, including for UUS, at least of: 110-131
a. Revenues; and 110-130
b. Profitability; 131
2) Review of financial performance, comprising a comparison of the financial performance for the current year wuth the 132
previous year, as well as explanation on the cause of changes and impact of such changes, covering at least:
a. Investment of funds (investments and disbursement of loan/financing) and total assets; 134-135
b. Third party funds and other sources of funding; 136
c. Equity; 137
d. Revenues, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss); 137-138
e. Cash flows; and 138-139
f. Prime lending rate; 140
3) Analysis of the quality of earning assets and relevant financial ratios; 134-137
4) Capital structure of Bank; 140-141
5) Material information and facts subsequent to the date of accountant report (if any); and 142
6) Marketing aspects of Bank’s products, at least on marketing strategy amd market share; 151
3. Information on Risk Exposure and Capital
In the event that the Bank includes the corporate governance report into the Annual Financial Publication Report and Financial 159-227
Performance Information, the scope and guidelines for such report shall refer to the applicable POJK on implementation of
governance for commercial banks.
4. Sustainability Report
Dalam hal Bank menggabungkan laporan pelaksanaan tata kelola dalam Laporan Publikasi Keuangan dan Informasi Kinerja 244-339
Keuangan Tahunan, maka ruang lingkup dan pedoman pengisian mengacu pada POJK mengenai penerapan tata kelola bagi
bank umum.
SEOJK Reference
Description Page
5. Sustainability Report
a. As regulated in the relevant POJK, a Sustainability Report covers the implementation of sustainable financing for financial -
services institutions, issuers and public companies. In the event that the Bank includes the sustainability report into the
Annual Financial Publication Report and Financial Performance Information, the scope and guidelines for such report shall
refer to the applicable POJK.
b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and regulations on 342-354
social and environmental repsonsibility for limited liability companies.
1) Information on the implementation of social and environmental responsibility covers the management policy, types of
programs and costs expended, on aspects of:
a) environment; 349--350
b) labor practices; 351-352
c) sound institutional practices; 348-349
d) consumer; and 353
e) community development. 354
2) In the event that the Bank presents information on social and environmental responsibility as referred to in point 1) in -
a separate report such as in a social and environmental responsibility report, the Bank is exempted from disclosing
information regarding social and environmental responsibility in the annual report of published financial statements and
information on financial performance.
6. Annual Financial Statements
The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm registered with the 361-596
OJK.
600
7. Information on the Business Group of the Bank
a. A Bank that is part of a business group and/or have a Subsidiary, shall additionally report on:
1) Structure of the Bank business group, covering:
a) the structure of the business group, comprising of the Bank, Subsidiary Entities, related (sister) companies, Parent 97
Entity, and up to the ultimate shareholder;
b) the structure of management inter-relationship of entities in the business group; and -
c) any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional shareholders -
with a common objective of controlling the Bank, with or without a formal agreement;
2) transactions between the Bank and related parties in the Bank’s business group, with consideration of the following:
a) information on transactions with related parties, whether conducted by Bank or by any entity in the Bank business 147-148
group in the financial sector;
b) related parties are parties defined as such in relevant financial accounting standards; 147-148
c) types of transaction with related parties, including: 147-148
(1) cross shareholding; -
(2) transactions by a business group performed in the interest of another business group 147-148
(3) short-term liquidity management in the business group; 147-148
(4) funding provided to, or received by, another entity in a business group; 147-148
(5) exposure to a majority shareholder in the form of, among others, loans, commitments and contingencies; and -
(6) transactions for the purchase, sale and/or rental of assets with another entity in the business group, including 147-148
transactions with repurchase agreement (repo);
3) transactions with related parties conducted by each entity in the Bank business group in the financial sector; 147-148
4) the provision of funding, commitments or equivalent facilities from an entity in the Bank business group to the -
customers and/or parties that already received financing from the Bank; and
5) any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required regulatory capital -
between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
The Bank that is also an Issuer and/or a Public Company should include in addition the scope of information in accordance with √
the provisions of OJK Regulation regarding the annual report of issuer or public company.
SEOJK Reference
NO. 30-SEOJK.04-2016: ANNUAL REPORT OF PUBLIC COMPANIES
Description Page
I. General Provision
The Annual Report of Issuers or Public Companies is an important source of information for investors or shareholders
1. as one of the bases of considerations in making investment decision, and is a means of supervision on Issuers or Public √
Companies.
Along with the development of the Capital Market and the growing needs of investors or shareholders for disclosure of
2. information, the Board of Directors and the Board of Commissioners are required to improve the quality of information √
disclosure through the Annual Report of Issuers or Public Companies.
The Annual Report should be prepared in an orderly and informative manner to facilitate the investors or shareholders in
3. √
obtaining the required information.
The Circular Letter of the Financial Service Authority serves as a guideline for Issuers or Public Companies that must be
4. √
applied in preparing the Annual Report.
II. Format of Annual Report
1. Annual Report shall be presented in the printed format and in electronic document copy. √
The printed version of the Annual Report shall be printed on light-colored paper of fine quality, in A4 size, bound, and can
2. √
be reproduced in good quality.
601
3. The Annual Report presented in electronic document format is the Annual Report converted into pdf format. √
III. Content of Annual Report

1. General Provision
a. Annual Report shall contain at least the following information:
1) summary of key financial information; 14-15
2) stock information (if any); 18-19
3) the Board of Directors report; 36-45
4) the Board of Commissioners report; 28-33
5) profile of Issuer or Public Company 56-106
6) management discussion and analysis; 110-151
7) corporate governance applied by the Issuer or Public Company; 244-339
8) corporate social and environmental responsibility of the Issuer or Public Company; 342-354
9) audited financial statements; and 361-596
statement of members of the Board of Directors and members of the Board of Commissioners on
10) 52-53
accountability for the Annual Report;
Annual Report may present the information in form of images, charts, tables, and/or diagrams y mentioning the title
b. √
and/or clear description, that is easy to read and be understood.
2. Description of Content of Annual Report
a. Summary of Key Financial Information 14-15
Summary of Key Financial Information contains financial information presented in comparison with previous 3 (three)
fiscal years or since commencement of business if the Issuers or the Public Company commencing the business 14-15
less than 3 (three) years, at least contain:
1) income/sales; 14
2) gross profit; 14
3) profit (loss); 14
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest; 14
5) total comprehensive profit (loss); 14
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non-controlling interest; 14
7) earning (loss) per share; 14
8) total assets; 14
9) total liabilities; 14
10) total equities; 14
11) profit (loss) to total assets ratio; 15
12) profit (loss) to equities ratio; 15
13) profit (loss) to income ratio; 15
14) current ratio; 15
15) liabilities to equities ratio; 15
16) liabilities to total assets ratio; and 15
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry; 15
SEOJK Reference
Description Page
b. Stock Information
Stock Information (if any) contains at least: 18-19
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering: 18-19
a) number of outstanding shares; 18
b) market capitalization based on the price at the Stock Exchange where the shares listed on; 19
highest share price, lowest share price, closing share price at the Stock Exchange where the shares
c) 19
listed on; and
d) share volume at the Stock Exchange where the shares listed on; 18
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or not
√
listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a Public Company whose shares
√
is listed in the Stock Exchange;
in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change in
2) 19
par value of shares, then the share price referred to in point 1), should be added with explanation on:
a) date of corporate action; -
b) ratios of stock split, reverse stock, dividend, shares; -
c) number of outstanding shares prior to and after corporate action; and -
d) share price prior to and after corporate action; -
in the event that the company’s shares were suspended and/or delisted from trading during the year under
3) review, then the Issuer or Public Company should provide explanation on the reason for the suspension and/ -
or delisting; and
in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date of the
4) Annual Report, then the Issuer or the Public Company should also explain the corporate actions taken by the -
company in resolving the suspension and/or delisting;
602 c. The Board of Directors Report 36-45
The Board of Directors report should at least contain the following items:
1) brief summary on the performance of the Issuer or Public Company, at least covering: 38-41
a) strategy and strategic policies of the Issuer or Public Company; 39

b) comparison between achievement of results and targets; and 40
c) challenges faced by the Issuer or Public Company; 38
2) description of business prospects; 42
3) implementation of good corporate governance by the Issuer or Public Company; and 43
4) changes to the composition of the Board of Directors and the reason behind it (if any); 44
d. The Board of Commissioners Report 28-33
The Board of Commissioners Report should at least contain the following items;
1) assessment on the performance of the Board of Directors in managing the Issuer or Public Company; 29-30
2) supervision on the implementation of the strategy of the Issuer or Public Company; 30-31
3) view on the business prospects of the Issuer or Public Company as established by the Board of Directors; 31-32
4) view on the implementation of the corporate governance by the Issuer or Public Company; 32
5) changes to the composition of the Board of Commissioners and the reason behind it (if any); and 33
6) the frequency and procedure of providing advice to members of the Board of Directors; 32
e. Profile of the Issuer or Public Company 56-106
Profile of the Issuer or Public Company should cover at least:
name of Issuer or Public Company, including change of name, reason of change, and the effective date of the
1) 56
change of name during the year under review;
access to Issuer or Public Company, including branch office or representative office, where public can have
2) 56
access of information of the Issuer or Public Company, which include
a) address; 56
b) telephone number; 56
c) facsimile number; 56
d) e-mail address; and 56
e) website address 56
3) brief history of the Issuer or Public Company; 57-59
4) vision and mission of the Issuer or Public Company 64-65
line of business according to the latest articles of association, line of business carried out in the fiscal year,
5) 60-61
and types of products and/or services produced;
structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the Board
6) 62-63
of Directors, with the names and titles;
7) the Board of Directors profiles include:
a) name and short description of duties and functions; 71-80
b) latest photograph; 71-80
c) age; 71-80
Description Page
d) citizenship; 71-80
e) education; 71-80
f) history position, covering information on: 71-80
legal basis for appointment as member of the Board of Directors to the said Issuer or Public
1) 71-80
Company;
concurrent position, as member of the Board of Directors, member of the Board of
2) 71-80
Commissioners, and/or member of committee, and other position (if any); and
3) working experience and period in and outside of Issuer or Public Company; 71-80
competency enhancement education and/or training program for member of the Board of Directors
g) 71-80
during the year under review (if any); and
disclosure of affiliation with other members of the Board of Directors, members of the Board of
h) 71-80
Commissioners, and major shareholders (if any) including the name of the affiliated party;
8) the Board of Commissioners profile, at least include: 66-70
a) name; 66-70
b) latest photograph; 66-70
c) age; 66-70
d) citizenship; 66-70
e) education; 66-70
f) history position, covering information on:
legal basis of the appointment as a member of the Board of Commissioner who is not
(1) 66-70
Independent Commissioner at the said Issuer or Public Company;
legal basis for the first appointment as member of the Board of Commissioners who also
(2) 66-70
Independent Commissioner at the said Issuer or Public Company;
(3)
concurrent positions, as member of the Board of Commissioners, member of the Board of
Directors, and/or member of committee and other position (if any); and
66-70 603
(4) working experience and period in and outside the Issuer or Public Company; 66-70
g) competency enhancement education and/or training program for member of the Board of

66-70
Commissioners during the year under review (if any);
h) affiliation with other members of the Board of Commissioners, and major shareholders (if any) including
66-70
name of the affiliated party; and
i) statement of independence of Independent Commissioner in the event that the Independent
66-70
Commissioner has been appointed more than 2 (two) periods (if any);
in the event that there were changes to the composition of the Board of Commissioners and/or the Board
of Directors occurring between the period after year-end until the date the Annual Report submitted, then
9) -
the last and the previous composition of the Board of Commissioners and/or the Board of Directors shall be
stated in the Annual Report;
number of employees and description of distribution of education level and age of the employee in the year
10) 91-92
under review;
11) names of shareholders and ownership percentage at the end of the fiscal year, including:
a) shareholders having 5% (five percent) or more shares of Issuer or Public Company; 100
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 101
groups of public shareholders, or groups of shareholders, each with less than 5% (five percent)
c) 100
ownership shares of the Issuers or Public Company;
12) Number of shareholders and ownership percentage at the end of the fiscal year, based on: 100
a) ownership of local institutions; -
b) ownership pf foreign institutions; -
c) ownership of local individual; and -
d) ownership of foreign individual; -
information on major shareholders and controlling shareholders of the Issuer or Public Company, directly or
13) 99
indirectly, and also individual shareholder, presented in the form of scheme or diagram;
name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company, with
14) entity, percentage of stock ownership, line of business, total assets and operating status of the Issuer of 102
Public Company (if any);
for subsidiaries, include the addresses of the said subsidiaries; 102
chronology of share listing, number of shares, par value, and offering price from the beginning of listing up to
15) the end of the financial year, and name of Stock Exchange where the Issuer of Public Company shares are 103
listed;
chronology of securities listing in addition to the said security in point 15), which at least should contain the
16) 104
name of the Securities, year of issuance, date of maturity, offering price, and rating of the securities (if any);
17) name and address of capital market supporting institutions and/or professionals; 105
in the event that the capital market supporting professionals provide services on a regular basis to the Issuer
18) or the Public Company, then information on the services provided, fee and period of assignment should be 105
disclosed; and
awards and/or certification of national and international scales bestowed on the Issuer or Public Company
19) 24-25
during the last fiscal year (if any), covering:
a) name of award and/or certification; 24-25
b) organization/institution that gives the awards; and 24-25
c) award/certificate validity period (if any); 24-25
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Description Page
f. Management Discussion and Analysis

Management Analysis and Discussion should contain discussion and analysis on financial statements and other
110-151
material information emphasizing material changes that occurred during the year under review, at least including:
operational review per business segment, according to the type of industry of the Issuer or Public Company
1) 114-130
including:
a) production, including process, capacity, and growth; 114-130
b) income/ sales; and 114-130
c) profitability 131
comprehensive financial performance analysis which includes a comparison between the financial
2) performance of the last 2 (two) fiscal years, and explanation on the causes and effects of such changes, 132-
among others concerning:
a) current assets, non-current assets, and total assets; 134-135
b) short-term liabilities, long-term liabilities, and total liabilities; 136
c) equities 137
sales/ operating revenues, expenses and profit (loss), other comprehensive revenues, and total
d) 137-138
comprehensive profit (loss); and
e) cash flows 138-139
3) the capacity to pay debts by including the computation of relevant ratios; 139
account receivables collectability of the Issuer or Public Company, including the computation of the relevant
4) 139-140
ratios;
capital structure and management policies concerning capital structure, including the basis for determining
5) 140-141
the said policy;
6) discussion on material ties for the investment of capital goods, including the explanation on at least; 141
a) the purpose of such ties; -
604 b) source of funds expected to fulfill the said ties; -
c) currency of denomination; and -
steps taken by the Issuer or Public Company to protect the position of a related foreign currency
d) -
against risk;
7) discussion on investment of capital goods which was realized in the last fiscal year, at least include: 141-142
a) type of investment of capital goods; 141-142
b) objective of the investment of capital goods; and 141-142
c) value of the investment of capital goods; 141-142
8) material information and facts that occurring after the date of the accountant’s report (if any); 142
information on the prospect of the Issuer or Public Company in connection with the industry, economy in
9) 143
general, accompanied with supporting quantitative data if there is a reliable data source;
10) comparison between target/ projection at the beginning of the year and result (realization), concerning; 142
a) income/ sales; 142
b) profit (loss); 142
c) capital structure; 142
d) dividend policy; or 142
e) other matters deemed necessary for the Issuer or Public Company; 142
11) target/projection at most for the next 1 (one) year of the Issuer or Public Company, concerning; 142
a) income/ sales; 142
b) profit (loss); 142
c) capital structure; 142
d) dividend policy; or 142
e) other matters deemed necessary for the Issuer or Public Company; 142
marketing aspects of the products and/or services of the Issuer or Public Company, among others
12) 151
concerning marketing strategy and market share;
13) description regarding the dividend policy during the last 2 (two) fiscal years, at least: 143
a) dividend policy; 143
b) the date of the payment of cash dividend and/or date of distribution of non-cash dividend; -
c) amount of cash per share (cash and/or non cash); and -
d) amount of dividend per year paid; -
14) use of proceeds from Public Offerings, under the condition of: 146-147
during the year under review, on which the Issuer has the obligation to report the realization of the
a) use of proceeds, then the realization of the cumulative use of proceeds until the year end should be 146-147
disclosed; and
in the event that there were changes in the use of proceeds as stipulated in the Regulation of the
b) Financial Services Authority on the Report of the Utilization of Proceeds from Public Offering, then 146-147
Issuer should explain the said changes;
Description Page
material information (if any), among others concerning investment, expansion, divestment, acquisition, debt/
15) capital restructuring, transactions with related parties and transactions with conflict of interest that occurred 147-149
during the year under review, among others include:
a) transaction date, value, and object; 147-149
b) name of transacting parties; 147-149
c) nature of related parties (if any); 147-149
d) description of the fairness of the transaction; and 147-149
e) compliance with related rules and regulations; 147-149
changes in regulation which have a significant effect on the Issuer or Public Company and impacts on the
16) 149
company (if any); and
17) changes in the accounting policy, rationale and impact on the financial statement (if any); 149
g. Corporate Governance of the Issuer or Public Company 244-339
Corporate Governance of the Issuer or Public Company contains at least:
1) the Board of Directors, covering:
a) the tasks and responsibilities of each member of the Board of Directors; 277-278
b) statement that the Board of Directors has already have board manual or charter;
procedure, legal basis, structure, and amount of remuneration of each member of the Board of
c) 312-314
Directors, relation between remuneration and performance of the Issuer or Public Company;
the policies and the frequency of the meeting of the Board of Directors, including the joint meeting with
d) 281-286
Board of Commissioners, and attendance of member of the Board of Directors in the said meeting;
e) information on the resolution from the GMS of the previous 1 (one) year, covering: 261-268
(1) GMS resolutions that were realized during the fiscal year; and 261-268
(2) explanation for the unrealized resolution; 261-268
f) information regarding the GMS resolution in the year under review, including 255--261 605
(1) GMS resolutions that were realized during the fiscal year; and 261-268
(2) explanation for the unrealized resolution; and 261-268

g) assessment on the performance of the committee under the Board of Directors; 279
2) the Board of Commissioners, among others include:
a) duties and responsibilities of the Board of Commissioners; 270-272
b) statement that the Board of Commissioner has already have the board manual or charter; 270
procedure, legal basis, structure, and amount of remuneration for each member of Board of
c) 312-314
Commissioners;
policies and frequency of meeting of the Board of Commissioners, including meeting with the Board of
d) 281
Directors, and attendance of each member of the Board of Commissioners in the said meetings;
policies of the Issuer or Public Company regarding the assessment on the performance of the Board
e) 250-252
of Directors and Board of Commissioners and the implementation, at least covering:
(1) procedure for the implementation of performance assessment; 250-252
(2) criteria for assessment; and 250-252
(3) assessor; 250-252
f) assessment on the performance of the committees under the Board of Commissioners; and 273
in the event that the Board of Commissioners does not establish the Nomination and Remuneration
g) 291-293
Committee, then should contain at least:
(1) reason not to establish the committee; and
(2) procedure of nomination and remuneration performed in the year under review;
3) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as
-
stipulated in the articles of association, at least containing:
a) name; -
b) duty and responsibility of Sharia Supervisory Board; and -
frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia
c) -
Principles by the Issuer or Public Company in the Capital Market;
4) Audit Committee, among others covering:
a) name and position in the committee; 81-82
b) age; 81-82
c) citizenship; 81-82
d) educational background; 81-82
e) history of position; including: 81-82
(1) legal basis for the appointment as member of the committee; 81-82
(2) concurrent positions, as member of Board of Commissioners, member of Board of Directors,
81-82
and/or member of committee, and other position (if any); and
f) period and terms of office of the member of Audit Committee; 289
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g) statement of independence of the Audit Committee;

policies and implementation of the frequency of meeting of the Audit Committee and attendance of
h) 289
member of Audit Committee;
i) education and/or training during the year under review (if any); and 290
the activities of the Audit Committee in the year under review, in accordance with the Audit Committee
j) 289-290
Charter;
other committee of the Issuer or the Public Company formed to support the function and duty of the Board of
5)
Directors and/or the Board of Commissioners, such as Nomination and Remuneration Committee, containing:
a) name and position in the committee; 83-87
b) age; 83-87
c) citizenship; 83-87
d) educational background; 83-87
e) history of position, including:
(1) legal basis for the appointment as member of the committee; 83-87
concurrent positions, as member of Board of Commissioners, member of Board of Directors,
(2) 83-87
and/or member of committee, and other position (if any); and
f) period and terms of office of member of the committee; 291-298
g) description of duty and responsibility; 291-298
h) statement that the committee has already have the Charter; 291-298
i) statement of independence of the committee; 291-298
j) policies and frequency of meeting of the committee, and attendance of each member of the
291-298
committee in the said meetings;
606 k) brief description on the activities of the committee in the fiscal year; 291-298
l) education and/or training during the year under review (if any); 291-298
6) Corporate Secretary, including:
a) name; 316
b) domicile; 316
c) history of position, including 316
(1) legal basis for the appointment as Corporate Secretary; and 316
(2) working experience and period in and outside the Issuer or Public Company; 316
d) educational background; 316
e) education and/or training during the year under review; and 318-320
f) brief description on the implementation of duties of the Corporate Secretary in the year under review; 316-318
7) Internal Audit Unit, among others including:
a) name of Head of Internal Audit Unit; 329
b) history of position, including:
(1) legal basis for the appointment as Head of Internal Audit Unit; and 329
(2) working experience and period in and outside the Issuer or Public Company; 329
c) qualification or certification as internal auditor (if any); 332-333
d) education and/or training during the year under review; 334
e) structure and position of Internal Audit Unit; 330
f) description of duties and responsibilities; 330-331
g) statement that the Internal Audit Unit has already have Internal Audit Unit charter; and 331
h) brief description on the implementation of duty of Internal Audit Unit during the year under review; 333-334
8) description on internal control system adopted by the Issuer or Public Company, at least covering:
a) financial and operational control, and compliance to the other prevailing rules; and
b) review on the effectiveness of internal control systems;
Description Page
9) risk management system implemented by the company, at least includes: 154-173

a) general description about the company’s risk management system the Issuer or Public Company; 154-159
b) types of risk and the management; and 159-227
c) review the effectiveness of the risk management system applied by the Issuer or Public Company 158
important cases faced by the Issuer or Public Company, subsidiaries, current members of the Board of
10) 336
Commissioners and the Board of Directors, among others include:
a) substance of the case/claim; -
b) status of settlement of case/claim; and -
c) potential impacts on the condition of the Issuer or Public Company; -
information about administrative sanctions imposed to Issuer or Public Company, members of the Board of
11) Commissioners and the Board of Directors, by the Capital Market Authority and other authorities during the 336
last fiscal year (if any);
12) information about codes of conduct of the Issuer or Public Company, includes: 336-337
a) key points of the code of conduct; 337
b) socialization of the code of conduct and enforcement; and 337
statement that the code of conduct is applicable for the Board of Commissioners, the Board of
c) 337
Directors, and employees of the Issuer of Public Company;
13) information about corporate culture or corporate value of the Issuer or Public Company (if any); 65
description of employee or management stock ownership program of the Issuer or Public Company, among
14) 143-146
others containing:
a) number of share and/or option; 144-146
b) implementation period; 144-146
c) requirement for eligible employee and/or management; and 144-146
d) exercise price; 144-146 607
15) description of whistleblowing system at the Issuer or Public Company (if any), among others include:
a) mechanism for violation reporting; 338

b) protection for the whistleblower; 339
c) handling of violation reports; 339
d) unit responsible for handling of violation report; and 339
e) results from violation report handling, at least includes: 339
(1) number of complaints received and processed during the fiscal year; and 339
(2) follow up of complaints; 339
16 implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing
247-249
Equity-based Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or 247-249
b) description of recommendation that have not been implemented, along with the reason and
247-249
alternatives of implementation (if any)
h. Social and Environmental Responsibility of the Issuer or Public Company
1) Information on social and environmental responsibility of the Issuer or Public Company that covers policies,
342-354
types of programs, and cost, among others related to:
a) environment, among others: 349-350
(1) the use of environmentally friendly and recyclable materials and energy; 350
(2) the waste treatment systems of the Issuer or Public Company; -
(3) mechanism for filling complaint on environmental issues; and 350
(4) environmental certification; 350
b) employment practices, occupational health and safety, among others 351-352
(1) gender equality and equal work opportunity; 351
(2) work and safety facilities; 352
(3) employee turnover; 352
(4) work incident rate; 352
(5) education and/or training; 352
(6) remuneration; and; 352
(7) mechanism for filing complaint on employment issues; 352
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c) social and community development, among others: 354

(1) the use of local work force; 354
(2) empowerment of local communities among others through the use of raw material produced by
354
the community or by providing education;
(3) improvement of public social facilities and infrastructure; 354
(4) other form of donation; and 354
(5) dissemination of the policies and procedures of anti-corruption at the Issuers or Public
354
Company, and training on anti-corruption (if any);
d) products and/or services responsibilities, among others:
(1) consumers’ health and safety; 353
(2) products and/or services information; and 353
(3) facilities, number, and resolution of consumer complaint. 353
2) In the event that the Issuer or the Public Company imparts information on social and environmental
responsibility as referred to in point 1) in separate report such corporate social and environmental
-
responsibility report, or sustainability report, then the Issuers or the Public Company is excluded from
disclosing information on social and environmental responsibility in Annual Report; and
3) The said report in point 2) should be submitted to the Financial Service Authority along with the Annual
√
Report;
i Audited Annual Financial Statement 361-587
Financial Statements included in Annual Report should be prepared in accordance with the Financial Accounting
Standards in Indonesia and audited by an Accountant. The said financial statement should be included with
statement of responsibility for financial report as stipulated in the legislations in the Capital Markets sector governing
the responsibility of the Board of Directors on the financial report or the legislations in the Capital Markets sector
governing the periodic reports of securities company in the event the Issuer is a Securities Company; and
Letter of Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility for
608 j
Annual Reporting
52-53
Letter of statement of the Board of Directors and the Board of Commissioners regarding the responsibility for Annual
Reporting should be prepared according to the format of letter of statement of member of Board of Directors and the
52-53
Board of Commissioners regarding the responsibility for Annual Reporting as attached in the Attachment, which is an
integral part of this Circulation Letter of the Financial Services Authority.

NAVIGATING THROUGH
THE CHALLENGE
OF GROWTH
Annual Report
PT Bank BTPN Tbk
Menara BTPN
CBD Mega Kuningan
Jl. Dr. Ide Anak Agung Gde Agung Kav. 5.5 – 5.6
Jakarta 12950
Phone : +62 21 300 26 200

Fax : +62 21 300 26 309
btpn.com

Ar 2020 BTPN Eng 14 April

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NAVIGATING THROUGH

2020 Annual Report PT Bank BTPN Tbk

28 Report from The Board of Commissioners

56 General Information of The Company

91 Employee Statistics 230 Human Resources

2020 Annual Report PT Bank BTPN Tbk

increase cross-selling, to serve

15.93% 3.91% 0.84%

100.79 Trillion 136.21 Trillion 183.17 Trillion

2020 Annual Report PT Bank BTPN Tbk

Third Party Funds grew 15.93%

2020 Annual Report PT Bank BTPN Tbk

26.92% from the

Jenius For Business Funding through Jenius has

This feature helps Rp13.28 trillion

2020 Annual Report PT Bank BTPN Tbk

20 Bonds and Sukuk Overview

22 Event Highlights in 2020

24 Awards & Certification

Going forward, the foundation for the

Throughout 2020, BTPN has

Rp 10.62 Trillion Rp 6.88 Trillion Rp 2.01 Trillion

CAR LCR NPL (Gross)

Rp136.21 Trillion Rp100.79 Trillion

2020 Annual Report PT Bank BTPN Tbk

Business Segment CASA Balance

Corporate and Sharia Current Account and Saving

Description 2020 2019 11) 2018 2017

Total Assets 183,165,978 181,631,385 101,341,224 95,041,593

Loans 2) 136,212,619 141,760,183 68,136,780 65,351,837

Deposits from Customers 3)

Borrowings 37,176,039 44,086,343 8,442,765 5,208,640

Securities Issued 993,045 3,190,628 1,197,442 2,543,401

Investment in Shares 22,522 22,522 22 22

Total Shareholders’ Equity 4) 32,964,753 31,471,928 18,786,330 16,752,540

Interest Income 16,403,483 18,680,979 14,126,651 14,046,062

Interest Expenses (5,779,055) (7,689,284) (4,526,243) (4,524,452)

Net Interest Income 10,624,428 10,991,695 9,600,408 9,521,610

Other Operating Income 1,688,837 1,616,578 600,139 469,537

Other Operating Expenses (6,883,113) (7,129,872) (5,877,519) (6,915,102)

Allowance for Impairment Losses (2,799,638) (1,445,882) (1,375,272) (1,097,619)

Net Operating Income 2,630,514 4,032,519 2,947,756 1,978,426

Profit Before Income Tax 2,633,076 4,018,922 2,919,428 1,936,845

Net Profit for the Year 2,005,677 2,992,418 2,128,064 1,421,940

Net Profit Attributable to

- Owners of Parent 1,749,293 2,572,528 1,838,471 1,220,886

- Non-Controlling Interest 256,384 419,890 289,593 201,054

Other Comprehensive Income/Loss 24,198 (14,596) 238,280 (13,449)

Total Comprehensive Income 2,029,875 2,977,822 2,366,344 1,408,491

Total Comprehensive Income Attributable to

- Comprehensive Income 1,776,256 2,555,357 2,065,220 1,211,719

- Non-Controlling Interest 253,619 422,465 301,124 196,772

Earnings per Share (full amount) 217 327 320 213

Financial Ratios (in %)

Capital Adequacy Ratio (CAR) 5) 25.6 24.2 24.6 24.1

NPL Gross 1.2 0.8 1.2 0.9

NPL Net 0.5 0.4 0.5 0.4

2020 Annual Report PT Bank BTPN Tbk

Return on Assets (ROA) 6) 1.4 2.3 3.0 2.1

Return on Equity (ROE) 6.1 9.9 11.6 8.2

Net Interest Margin (NIM) 6.1 6.9 11.3 11.6

Liabilities to Assets ratio 82.0 82.7 81.5 82.4

Liabilities to Equity ratio 481.2 502.7 468.9 486.8